This time last year, California was engulfed in devastating wildfires. Thousands of acres of property were destroyed, and it didn’t take long for fingers to point at Edison International (“EIX”). Consequently, the stock plummeted over 30% over a matter of days, wiping out almost $10 billion in the stock’s market value. The investigation into whether […]
Rogers v. Rogers investigates the power struggle that tore apart one of Canada’s wealthiest telecommunications families. Journalist Alexandra Posadzki details the 2021 boardroom battle between Edward Rogers and his family over the company’s leadership. It serves as a compelling look at how family drama and unique corporate governance can trigger a public crisis. The book […]
When our clients first became shareholders of South Bow (SOBO) on September 25, 2024, it wasn’t by choice. The new company was a spinoff from TC Energy. To be frank, we weren’t expecting much. (Disclosure: Jeff Pollock and Sunni Schneider directly and indirectly hold a financial interest in South Bow as shareholders.) Expanding SOBO’s Keystone pipeline […]
On September 17, we wrote a blog highlighting Western Copper and Gold (“WRN”), a Canada-based company we’re bullish on. Since then, WRN’s stock has gained approximately 33%. (Disclosure: Jeff Pollock and Sunni Schneider directly and indirectly hold a financial interest in Western Copper and Gold as shareholders.) With a market capitalization of about US$435 million, […]
For clients who didn’t already own it, we added Nvidia (NVDA) to suitable portfolios back in April, during the market sell-off triggered by tariff worries. We purchased the Canadian Depositary Receipt to avoid currency swings, but for context, U.S. shares traded roughly between $102 and $105 on April 23—the day of our purchase. Today, NVDA […]
It’s not often that a stock jumps almost 7% in a single day because of an analyst upgrade. Nevertheless, that’s what happened on October 1 when Desjardins published a note about Algonquin Power & Utilities (“AQN”). (Disclosure: Jeff Pollock and Sunni Schneider directly and indirectly hold a financial interest in AQN as shareholders.) “We are upgrading […]
Last spring, shares of UnitedHealth Group (UNH) lost over half their value. The stock even dropped 18% on May 13, its worst single-day plunge since September 2008. (Disclosure: Jeff Pollock and Sunni Schneider directly and indirectly hold a financial interest in UNH as shareholders.) With over 50 million people enrolled, UNH is the largest health […]
Western Copper & Gold (WRN) is up about 50% so far this year. But if Ottawa puts one particular project on its priority list to develop, the stock may go a lot higher sooner than later. (Disclosure: Jeff Pollock and Sunni Schneider directly and indirectly hold a financial interest in WRN as shareholders.) WRN’s Casino […]
Last month, at a Rotary Club meeting, I found myself sitting next to someone I hadn’t met before. After asking about my profession, he leaned in a few minutes later and said, “Is it true that to get rich, you should only buy Canadian banks?” Well, I know of at least one person who rode […]
To my surprise, Maple Leaf Foods (“MFI”) has been our strongest performer this year, up nearly 80%. (Disclosure: Jeff Pollock and Sunni Schneider directly and indirectly hold a financial interest in MFI as shareholders.) On February 26, 2024, we started buying MFI for clients at $22.82. At the time, the stock was about as unpopular […]
Canada is entering a historic infrastructure boom. Electricity demand is expected to surge 25% by 2030, driven by artificial intelligence, electrification, and manufacturing. Aecon Group is perfectly positioned to build the critical infrastructure required to meet this exploding need. (Disclosure: Jeff Pollock and Sunni Schneider directly and indirectly hold a financial interest in Aecon Group […]
As global fast food chains struggle, Pizza Pizza is quietly gaining ground—thanks in part to the growing “Buy Canada” sentiment. Back in February 2024, we published a blog titled “We Expect Pizza Pizza to Deliver”. Given the rising food inflation, higher interest rates, and shrinking household budgets, our thesis was that cheaper food would be […]
Anyone who lived through 2008 (or studied the 1930s) knows how frightening banking crises can be. The financial system runs on confidence, and once that’s shaken, restoring trust can take significant time. In 2023, the U.S. regional banking sector faced its own crisis. It started in March with the abrupt collapse of Silicon Valley Bank […]
JPMorgan CEO Jamie Dimon recently criticized remote work, using colourful language to make his point (as played on our webcast). Now Canada’s biggest banks (RBC, BMO, and Scotia) are doing the same, telling employees it’s time to show up in the office four days a week starting this fall. Mentorship and collaboration are two good […]
Anyone with a furry companion doesn’t need convincing about investing in a company that sells pet food and toys. Pets aren’t just animals; they’re cherished members of the family. The resilient pet industry even grew during the 2008 financial crisis and the recent global pandemic. Our clients are shareholders of Pet Valu, which is up […]
Our investment in Canadian Utilities (“CU”), which delivers gas and electricity, in November 2023 was based on a straightforward premise: its attractive 5.7% dividend yield positioned it as a prime beneficiary of anticipated interest rate cuts. We believed falling rates would naturally enhance the appeal of high-yielding dividend stocks like CU for income investors seeking […]
Google’s parent, Alphabet, is delivering strong results—yet shares are down almost 19% year-to-date. (Disclosure: Jeff Pollock and Sunni Schneider directly and indirectly hold a financial interest in Alphabet as shareholders.) Last quarter, Alphabet reported: Despite these strong fundamentals, the stock trades at just 16x earnings, a meaningful discount both to the broader market and to […]
