who has read their presentation just released ?? For a long term investment in a blue chip there is no better than SUN. I say long term because they still must get through the promina intergration. But we already have
- 55 million in synergies achieved -annualized target of 255 mill synergies -predicted double digit growth for combined business -div in excess of 5%
admittedly they caution on the possible impact of tightening credit but compare SUN to the likes of WOW. I love WOW but WOW trades at a premium and only pays around 2.7% div and expects high single digit growth from here. There is a lot of upside for SUN but even if the credit crisis impacts further the downside may see it perform no worse than WOW.
I have a bit more SUN than any other of my blue chips merely because of the combination of high growth AND high div yield. Like the heading says : have your cake and eat it too with SUN.
SUN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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