Where would you enter CNI?
Dear MM Team, If looking to initiate a position in CNI which you hold, following the recent bounce off it's lows, do you see further upside if bonds yields stabilize or decline over the next 12 months? A number of the real estate stocks have recently bounced off their lows but do you think the lows will be re-tested again for a better entry point? What would be your longer term price target for CNI whilst collecting what appears to be a healthy dividend yield along the way? Thank you, Bernie