BOWFF - Boardwalk: Fourth Quarter Impressive But One Risk Remains
When we last spoke about Boardwalk REIT (OTCPK:BOWFF) on New Year's eve, we left with the conclusion,
We like Boardwalk here, and it has had to contend with numerous problems that have weighed the stock down. The yield is still a rather paltry 2.65%, and that makes income investors take a pass on this one. But net-net, the risks and rewards of owning this stock have moved favorably. We think this can trade to $50 in 3 years. That, alongside a 2.65% dividend, gives it a total return potential of 12.6% a year.