Prime Restaurants was a hit, on to the next stock

Since I last posted Prime Restaurants (EAT) ended up being a real winner from an investment point of view. They got bought out and the shares paid out at $7.57 so shot up by 80% since my previous post about the company.

The current stock I've been increasing exposure to is CSE (Capstone Infrastructure). It's actually the same old MPT.UN (Macquarie Power & Infrastructure) that went through a rebranding / name change to Capstone. The shares currently trade at $3.87 (about a 17% div yield). They are planning to do a dividend cut in 2012 to bring the payout ratio lower (it's currently hovering over 100% which isn't sustainable). I'm expecting a worse case scenario of 50% dividend cut which would still give an attractive 8.5% div yield.

Once again I'm staying diversified, as not all the companies I've followed have been winners like Prime. Yellow Media and Priszm being the two stinkers outside of an otherwise excellent history of growth companies.