They raise a lot of issues, and reflects why I do not hold the common shares. No one really knows if the dividend is safe or not. I do hold their US-denominated debt, as it gets paid before the dividend.
Seems like the REITs have fallen out of favor all of a sudden. Gee, who was it that said the 'talking heads' were pumping the sector into a selloff? :o)
Those "sure things" all of a sudden don't look so "sure".
Diversity is key, as one can never get overly hurt if one or two of their stocks get hammered for some reason. If an investor only has a few stocks, it is easy to get hurt very badly in a short time. Any stock can hurt you at any time, as no one can know the unknown, regardless how much DD they do. And then some investors ignore the known warts, relying on hope to get them through.
Finally seeing some selling in AQN today, with one big transaction. I have been expecting some heavy selling due to the debentures being converted into shares, but until today there simply wasn't any. If the selling pressure continues, it may be a great buying opportunity over the next few days. Not a huge dividend, but very solid financials.
The markets continue to seem to not know what to do, as there aren't any big disasters looming, but neither any really good news. The only "black swan" that is turning a shade of gray is Iran. I was reading an article in The Economist last night about the issue, and they make it pretty clear that a military attack on Iran's nuclear facilities would be a no-win situation, especially for Israel. Lets all hope that their leaders use their heads. But I have also read that there are some who think that dragging Obama into an Iran conflict right before the election might help the Repulicans gain control of the White House. No doubt that Israel would prefer a Republican government in the US, so I wouldn't rule out much of anything. Wars have been started over much less.
Anytime those in power hold the ability to completely screw things up, I get very nervous. This is one of those times.
Wouldn't it be nice if we could turn the clock back to the late 70's? There were lots of jobs, people were living comfortable and safe lives, and everyone was getting along pretty darn well. Yes, inflation was a tad high, but we hadn't hit the big interest rates yet, and times were good. Of course, for those with money, the early 80's and the 20% interest rates weren't so bad either! But all things considered, it was a good life back then, especially when you compare it to the chaos we are inflicted with today. Ahhhhhh, the good ol' days!