yes it could definitely fall to $2 with 2 interest rate hikes, yes gearing is higher than you would prefer, the dividends have fallen as the service station footprint reduces as they sell.
all valid points, l am holding because a want stable reliable income for the next decade and this is but one of a few holdings. As we go up the return curve the risks also increase and every share has risk. The risk here is many rate increases.
yes l think there is another rate rise. It’s very rare that l will hold a portfolio position higher than 3%, l diversify. they were planning to sell a few of the underperforming stations and reduce gearing.
if you have too many concerns then select another holding. l am aware of the risks. all good
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