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....
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Exchange Income: A Great GARP Stock For Dividend Investors