) in my RRIF and I am becoming increasingly concerned. My cost is $14.03 so I am down about 24 per cent. Of course, I love the income, but the market appears to be saying that it is at risk. Being in a RRIF there is not even an opportunity for tax loss selling. Would appreciate your guidance. - Richard I.This is a long-running story with this company. FC is a mortgage investment corporation, which means it is highly interest-rate sensitive.
The company recently reported third quarter earnings of $8.2-million, an increase of 8.1 per cent from the same period last year. No sign of any financial distress there. If you can’t live with the ups and downs, then wait for the next interest rate cycle and sell when the shares get close to your cost price. But frankly, I’d keep it for the dependable cash flow.Beleaguered Algonquin Power and Utilities will hold an investor day next week - and the stock is seeing some modest gains ahead of the event. Is this a setup for more gains to come? David Berman this weekend will have some thoughts.
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