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Ireb BCE and Quebecor: 2 Dividend Studs to Fund an Income Stream
It what we all hope for when we enter the stock market, isn ;t it Finding that cheap stock that could turn our stanley cup becher investment into millions one day. Well, I ;ll tell you, there aren ;t many out there. Even those that are identified as strong companies under $5 right now look far too risky for most investors.But if you ;ve identified space in your portfolio for a bi stanley cup t of risk, these three TSX stocks could make you millions in the years to come.WELL HealthOne of the top choices stanley tumbler I would consider if looking for cheap TSX stocks under $5 with huge potential is WELL Health Technologies TSX:WELL . WELL stock continues to come out with earnings report after earnings report that surges past estimates. Analysts continue to recommend it. And yet, here it is, down 11% in the last year alone, with a recent surge in share price from another strong earnings report. The company has been pushed down to a share price of $4.48 as of writing, and I doubt that will last for long.Th Yasx Enbridge (TSX:ENB) Has Become Too Cheap to Ignore
It s been a rough 18 months for Encana Corporation TSX:ECA NYSE:ECA . Over that period the stock has lost over 70% of its value, management has lowered the dividend multiple times, and the company has reshuff stanley mugs led its kubki stanley finances into survival mode. Investors are clearly still unsatisfied. In the latest three months alone shares are down 25%.Why should you be interested in a stock that s been thrown in the market garbage bin The drubbing might be overdone Investors have been relentless in punishing Encana stock. While its future may not exactly be bright, there is still considerable value left in the business. At the current price there may not be much risk left, but investors get a leveraged bet on any oil rebound.While stanley cup the market is acting like Encana is poised for bankruptcy, management has done a terrific job positioning the business to remain financially solvent. Spending in 2016 is already completely funded through expected cash flows and existing credit facilities. The company also |
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