HGKGF - Power Assets: A High-Yield Acquisition Hungry Company On Sale With A Strong Balance Sheet
The Investment Angle
In this uncertain environment of an ongoing recession + a global pandemic, it is prudent for investors to look for low-risk investments. There are few investments of a lower risk than Power Assets Holdings Limited (PAH), with a net cash position, 0.09 debt to asset ratio, and stable income from regulated utilities.
In addition to the low downside risk, Power Assets offers a 6.59% yield with a safe payout and is well-positioned to make acquisitions at depressed global asset prices. The company itself is also selling at a discount, due to a