Posted AT 3:32 PM EST on 29/10/09
Has TransAlta been forgotten?
With a dividend yield of 5.6 per cent, TransAlta Corp. is one of those attractive-repellent stocks. Yes, the yield is high, making it tempting for investors who like regular dividend payments. But is the yield so high that the market sees no growth ahead? Cory O’Krainetz, an analyst at Odlum Brown, believes the stock is attractive at this level, even as earnings remain under pressure.
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