I'm a long time buy and hold investor in PCL and a long time Barrons subscriber. I read it each weekend cover to cover and respect the opinions in it, although with a grain of salt since Barrons has a generally bearish slant-of the entire market almost all the time. It's a good reality check for those of us who can get caught up in the salesmanship of WS.
IMO, this was about as positive a "negative" article as you will find in Barrons. If you compare some of the other negative articles over the years, you'll find this one is not that harsh, in fact it lays out the strong points of PCL, but tends to discount them, a matter of opinion and judgement IMO. PCL may have gotten a bit a head of itself, but not too much, I do not expect much of a correction. the rcok solid divi will assure that. Where else can you get 4% (and growing regularly) and a real opportunity to capture capital gain? I'm holding here. Good luck all.
I don't read Barron's, never have. What I have read about Barron's echos your bearish slant opinion of them. I don't expect much correction either. With earnings just hours away and the Barron's article, PCL is trading in levels not seen in......about 10 days.