CA - Exchange Income: A Great GARP Stock For Dividend Investors

2024-03-21 02:01:59 ET

Summary

• Exchange Income Corporation is a growth-by-acquisition aerospace and manufacturing company with solid long-term results and consistent dividend growth.
• It has a proven acquisition model that has survived the test of time.
• Despite recent struggles in the stock price, Exchange Income Corporation offers strong growth potential and trades at a reasonable valuation.

Exchange Income Corporation ( EIF:CA ) (EIFZF) is a growth-by-acquisition manufacturing company with solid long-term results, good assets, and consistent dividend growth, trading at a very reasonable valuation. It looks like an excellent buy-and-forget stock to stash in any dividend investor's portfolio.

(All numbers in CAD unless otherwise noted)

Introduction

Exchange Income Corporation was created in 2004 with a simple business model -- to acquire niche businesses with good economics at private market valuations, rolling them up into a publicly-traded entity. These businesses would continue to operate autonomously and maintain their individual identities, with the parent's role to monitor the operating subsidiaries, support when needed, and undertake future acquisitions....

For further details see: