I have now sold my stock in SNC-Lavalin (TSX-SNC, OTC-SNCAF). I have given up hope that there will be any sort of resolution for this company anytime soon. However, I must admit that it is current perking up. I live off my dividends and they have cut the dividends twice this year.
For my trading account I replaced it with Evertz Technologies (TSX-ET, OTC-EVTZF) and for my RIF account, I have replaced it with Canadian Utilities Ltd (TSX-CU, OTC-CDUAF).
When I was looking for something to replace SNC, I looked at both Chartwell Retirement Residences (TSX- CSH.UN, OTC- CWSRF) and Sienna Senior Living Inc (TSX-SIA, OTC- LWSCF). People have been talking about these stocks because they cater to seniors. Companies that cater to seniors should be a growing industry.
After analyzing these companies, I could not get excited about them as investments. However, they do have good dividends. I will write about these companies when I get the chance as I have finished the spreadsheets. In some ways the talking about investing in such companies make them sounds like the next big thing to invest in. That often does not end well
On my other blog I wrote yesterday about Wajax Corp (TSX-WJX, OTC-WJXFF) ... learn more. Next, I will write about Trican Well Service Ltd (TSX-TCW, OTC-TOLWF) ... learn more on Wednesday, September 18, 2019 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
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