I am not sure what you mean by "which side of the fence am I on ?
You mean would I buy them because Buffet's metric/valuation likes them ?
No
I have no problem with owning/trading dividend stocks...since they are never long term investments... the dividend is merely an appendage.
I have said this repeatedly.
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But since they are being impacted by rising rates, I would only be interested in holding (even temporarily)   the "good ones"...or undervalued ones...(which do not exist currently imo)
These two are on my (extensive) watch list,I admit.
I consider the overvalued,and having a lot of debt....they are also valued in $C...which I see as mis priced currently.
My magic BMO "Value analyzer" (which I know you hate) rates them both as 30 % overvalued.
I have to add that "book value" imo is a very poor metric.
Its often all over the map.
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I am disappointed you did not address my frustration with my (recent and rapidly rising) comment deletion problem.
It seems a form of censorship.