Is this stock still a recommended buy?

I am looking at POW.TO and saw the last report was Mar 31st. The stock seems to be increasing, but not sure if this is a short term trend or worth getting in on immediately? Looking at both long term as well as dividend growth. BTW – I am also retiring by the end of August this year (at least that’s the plan).

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Asked on May 26, 2020 11:48 am

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Hey Paul. All of the stocks we have on our Bull lists, both dividend and growth, are placed on there with a long term mindset.

If the stock is on the list, we see a potential opportunity. We typically remove stocks right away if we feel they have ran up too much in price.

POW has made a resurgence as of late, but keep in mind the stock is still trading 36% below 2020 highs.

The company reported earnings on March 18th. That is why the report was last updated in late March. You'll typically see all these reports updated in and around the company's earnings date.

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Posted by Dan Kent

Answered on May 26, 2020 11:57 am

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