Thursday, March 26, 2015

Recent Stock Purchase $ACO.X II

Today, March 26th 2015, I consolidated my position in ATCO group (ACO.X)

I bought 15 shares at 46$ for a total purchase of 690$. It's a small move, but I might buy some more if the share drops again.

ATCO is a fairly new position that I've initiated not long ago. You can check my first post on this company here.

ATCO pays a 0,99$ per share annually. Therefore, this will add 14.85$ to my yearly dividend income, which now stands at 2 949.63$ (you can check it out here).

Who is ATCO and does it do?


ATCO Ltd is a Canada-based company. It is engaged in structures and logistics, utilities, and energy, and delivers business solutions. The Company’s segments are Structures & Logistics, Utilities, Energy, ATCO Australia. 

The Structures & Logistics segment manufactures, sells and leases housing and space rental products; delivers operations and maintenance services, and provides lodging, catering, waste management and maintenance services. 

Utilities segment operates through ATCO Electric, ATCO Gas, and ATCO Pipelines, which transmit and distribute electricity and natural gas. 

Energy segment’s activities are conducted through ATCO Power and ATCO Energy Solutions, which supplies electricity from natural gas, coal-fired and hydroelectric generating plants. It also gathers, processes, stores and transmits natural gas liquids extraction, electricity transmission and industrial water services. ATCO Australia supplies electricity from three natural gas-fired generation plants in Australia.
(source : Google Finance)

ATCO is now a part of my TFSA account. It's still relatively a small position in my overall portfolio with a weight of less than 2%. But I might accentuate this position in the future. 

I really do like the company's profile, its various segments of services, the quiet political environnement where they operate mainly (Canada and Australia!) and, of course, the fact that they've been constantly increasing their dividends. 
What do you think about ATCO? Is this a stock you would buy?

4 comments:

  1. Nice move, MD. Atco is on my radar thanks to you - really like their diversified business sources.

    R2R

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  2. I like it too! The stock is pretty beat up because of all the uncertainty regarding oil price and all. I figure it's a good time to make it happen. Besides, I won the Kraft lottery yesterday! So I might as well make an early start on this money to come!;-)

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  3. I don't know about the fundamentals of this stock so it's hard to have a clear opinion! ;-)

    ReplyDelete
  4. Hey DivGuy,

    What do you want to know ? Are you implying my post doesn't cover enough? (because it's probably true). You want to ratios? Earnings ? Tell me, I will provide them to you.

    ReplyDelete

Thanks a lot for your comment.