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Tinv 3 Canadian Stocks I d Buy on the Dip
For passive-income stocks, stanley tumblers income potential and sustainability usually supersede valuation. It s smart to invest in a high-yield aristocrat like Enbridge, even when it s quite overval stanley becher ued, instead of a modest-yielding, undervalued company that might be on the verge of cutting its dividend.However, the right undervalued, passive-income stock that offers a good yield and a decent shot at sustainability might be an even smarter investment, as the potential for capital appreciation is likely to be higher.An office REITWhile most commercial REITs have a slice of office properties in their portfolio, there are few pure-play office REITs you can invest stanley cup in. One of them is Slate Office REIT TSX:SOT.UN . The REIT is currently trading at a price-to-earnings ratio of 8.6 and price-to-book ratio of just 0.6 times. The REIT is offering a mouthwatering yield of 7.9%.With this yield, you can start a passive income of about $130 per month with less than one-fourth of a fully stocked TFSA. It has a dive Lzob Oilfield Services: On the Cusp of a Boom
Inter Pipeline Ltd. TSX:IPL is often overlooked in favour of its larger peers, but investors should probably give the stock more respect.Here s why:1. Diversified revenue streamInter Pipeline transports 15% of western Canadian conventional oil output and 35% of the country s oil sands production. It also owns a natural gas extraction business and a growing liquids storage group located in Europe.The different business segments enable the company to deliver a balanced revenue stream, which helps offset some of the market risks when one group has a tough year.2. Strong results in a chal stanley thermobecher lenging marketThe company delivered record Q4 2015 net income of $138 million. Funds from operations across the business came in at $211 million, up 32% from the same period in 2014.The oil sands operations enjoyed a 62% year-over-year gain in funds from operations driven by the start up of two new pipelines in early 2015.Conve stanley website ntional oil prod stanley quencher ucers have struggled over the past two years, but Inter Pipeli |
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