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 […]
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 […]
The financial crisis of 2008 was a defining moment for me as an investor. Watching the panic unfold on Wall Street, with banks teetering and markets swinging wildly, solidified my philosophy to buy when others are selling. One of my purchases during that period was Apple. In December 2008, I bought shares around $3.36 (adjusted […]
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 […]
