Canadian Money Forum banner

1 - 6 of 6 Posts

·
Banned
Joined
·
62 Posts
Discussion Starter #1
I am mainly holding a Canadian banks in my portfolio. However, I came cross a value stock that in my view is similar to the canadian bank, the Hudson city bancorp is based in new-york, USA. it is very conservative regional bank, it is traded at 10 times forward earning with 5% dividend yield and payout ratio of 54%.

The HCBK did not get any TARP help, the bank earnings were positive even during the ressasion of 2008, they did not have any negatif quarter and they did not cut any dividend.

I am wondering if other investment gurus share same view with me, I like to hear your opinions.

Thanks
 

·
Banned
Joined
·
678 Posts
I bought Hudson City several months ago.

I like it as a long term hold...and collect the nice dividend, which I consider safe, in the meantime.

It has come down a bit from my purchase price, with US financials in general, and I am actually considering buying more.

In any case, its a long term hold for me ..5 years plus,

I generally buy dividend paying stocks with hopefully sustainable earnings and div growth and hold them long term.
 
1 - 6 of 6 Posts
Top