1 Dirt-Cheap Canadian Stock to Buy and Hold Forever

1 dirt cheap canadian stock to buy and hold forever

Sumary of 1 Dirt-Cheap Canadian Stock to Buy and Hold Forever:

  • But pending a high-impact/low-probability event like a truly insidious strain of COVID-19 that renders today’s vaccines far less effective, I’d continue to navigate the second half of 2021 in a cautious, but bullish fashion.
  • There’s some pretty big earnings growth on the horizon, and if you don’t think the Delta variant will cause Canada’s economy to grind to a halt after a year and a half climb, it may be worthwhile to take a step back to consider the dirt-cheap Canadian stocks that still sport swollen dividend yields.
  • Insist on “easier” (or less risky) money with dirt-cheap Canadian stocks With U.S. 10-year rates in the 1.1-1.2% range, many are speculating on the battered growth stocks that were battered earlier this year.
  • While many unprofitable hyper-growth plays may be worth their pie-in-the-sky multiples, I’d argue that many of the “sexier” names out there, like the meme stocks, are at high risk of crumbling into year’s end if rates were to continue higher again.
  • The way I see it, high-multiple growth stocks are the high-hanging fruit that may or may not make sense to grab while there are so many lower-hanging fruits that investors can more safely grab without running the risk of suffering an epic fall.
  • In this piece, we’ll look at a neglected Canadian dividend stock in Great-West Lifeco (TSX:GWO).
  • Great-West Lifeco: A great dividend at a dirt-cheap multiple Great-West Lifeco is a Canadian insurer with a sizable $34.5 billion market cap.
  • At just 10.4 times trailing earnings, Great-West still looks like a bargain, given the tides are about to turn back in its favour in a big way — and with that, some pretty generous dividend hikes.

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