Just let everyone on here know, I feel ya with the layoffs. I’m an investor and, with the recent small bounce in Enbridge, I SOLD all of my Enbridge stock. I don’t support Enbridge lay-offs. If you don’t like the Enbridge lay-offs I suggest you sell too.
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“Enbridge has been a horrible investment. If you had put your investment into the S&P500 index you would have been way further ahead than 7%”
I agree on this, the average past 10yrs the Canadian TSX index is 9% and the US S&P is around 11%. This could easily outperform the 7% dividend of Enbridge because the share price is relatively flat on s 10yr average.
Plus going on index is less risky because it’s not dependent on one company so if Enbridge tanks it’s the index should still be fine. Plus there are funds like the ones I have that not only grows by following the index but also allows for income/dividend distribution at the end of the year. Win win on not holding Enbridge stocks only.
Well my Enbridge portfolio would beg to differ on that. Remember not everyone can contribute to S&P plus Enbridge subsidizes and give Enbridge employees stock if you also invest. So a portion is free stock (minus taxes). Enbridge stock as been relatively flat for last 10 years or so, but with dividends overall value has continued to increase. It’s a good investment for Enbridge employees. Any financial advisor would point that out.
DIVIDENDS AREN'T FREE MONEY! When divs are paid out the share price drops by the value of the payout.
Enbridge has been a horrible investment. If you had put your investment into the S&P500 index you would have been way further ahead than 7%.
Why would you sell a stock that even if it doesn’t increase still pays you an annual 7.8% return with dividends.
Stupid.
I will buy them. And trust me Enbridge doesn’t care just as you apparently don’t care about your bank account.
“. Companies that have to lay people off do poorly after. It might make out better in 2 years just to sustain itself, or just what Enbridge needs to do to pay off debt and still sustain the dividend.”
Hmmmm Suncor had a record high production and profits after laying off 1,500 few months ago.
If the stock stays almost completely flat, but pays you off at a rate over 7% a year, you hold on to that stock.
I don't know why one would conclude that holding it is "supporting" the company. Nobody here is an institutional investor, buying or selling stock in sufficient quantities as to drive the market. Pretty much all of the stock you're trading was stock somebody else already owned, and it long since escaped into the wild. Your trade neither helps nor hurts Enbridge.
By the way people… lay-offs are bearish, they are not bullish. Especially in the near term. Companies that have to lay people off do poorly after. It might make out better in 2 years just to sustain itself, or just what Enbridge needs to do to pay off debt and still sustain the dividend.
What I don’t support lay-offs in my area in Canada and Alberta, especially with the highly competitive job market and this just to add to it? So I sold my shares, I got the dividends and the capital gains, I sold after the ex-dividend date and still get the next dividend. I’d have to wait another 3 months for the next. I bought the dips, including the recent one. Interesting to see everyone stand up for the stock and the layoffs that Enbridge is conducting. It hasn’t been performing very well anyways. It will float around $45-$55 and that’s about it. The US market does so much better for my portfolio.
It probably won’t make a blip but it’s my choice, and no I’m not an Enbridge employee.
It's really been covered already, but the person who made out badly in your angry decision is you. Enbridge will never see a blip related to it.
Dude I have a fund that includes all high paying dividends across US and Canada and it includes Enbridge. My fund is issued by one of the top/biggest shareholder of Enbridge so just sell all your shares. It won’t matter unless you hold couple of million shares.
Seriously, if you’re an employee and you’re holding a considerable amount of your investment in Enbridge you’re putting yourself in much higher risk of losing money if Enbridge shares tank. Sell them
Congratulations! You played yourself!
I just bought some more shares. They may have been yours! The juicy dividend is nearly 8%. Layoffs will help sustain it. If there is any growth that is a bonus. The stock is better than 5% GICs.
Stupid reaction. I guess you like paying taxes on the capital gains. Then trying to invest again with less money. Any competent Financial Advisor would strongly disagree with you.
I mean…someone else is just gonna buy it up. I don’t support or like the layoffs either but we all know it’s likely to bounce back from its more recent slumps and the dividends are good. It’s not really going to “stick it to the man”, it would take many major investors selling to do that.