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Canaccord Analyst: Distribution Cuts a Negative for Algonquin Power

Well said enviro,

As someone depending on dividends to make ends meet, this company has all but wiped out my retirement and future. I have no choice but to sell and salvage what's left of my investment.

I was holding quite a few Canadian Trusts when they/we were slaughtered because the Canadian government changed their mind. I took the losses and sold most of my holding.

Believing in Algonquin Power and expecting the stock to slowly decline as the tax deadline approached, I made the horrible mistake of not only holding the stock but buying more with the money from the other Trusts I sold. To compound my stupidity, I reinvesting the dividends.

Was the plan to create an attractive investment opportunity to draw in capital from the US, build up Canadian companies and then destroy the investors? If so, well done.

I will never own another Canadian stock for any reason; I can't afford to.