Buy quality assets at a discount

POWER CORP. $38 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 676.6 million; Market cap: $25.7 billion; Dividend yield: 5.2%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) is a holding company with a diversified list of businesses. Its primary investments are controlling… Read More

Q: Can I get your recommendation on the new Definity Financial, trading on Toronto. Thank you.

A: Definity Financial Corp., $30.10, symbol DFY on Toronto (Shares outstanding: 115.9 million; Market cap: $3.5 billion; www.definityfinancial.com), is the new name for the holding company of Economical Insurance, Family Insurance Solutions, Petline Insurance, and Sonnet Insurance.

Definity was created as part of Economical Insurance’s demutualization… Read More

Insurance landscape favours Intact

Intact Financial dropped along with the market when COVID-19 first hit—the stock fell to as low as $104.81 in March 2020. But the shares have now rebounded 74% as investors again take note of Intact’s underlying business strength. We think this Power Buy is poised to keep… Read More

Power pays you a special dividend

POWER CORP. $41 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 676.5 million; Market cap: $27.7 billion; Dividend yield: 4.4%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) is a holding company with a diversified list of businesses. Its primary investments are controlling… Read More

Let these three fuel your 2022 gains

Here are your three top U.S. stock picks for 2022—one each from our Conservative, Aggressive and Income portfolios.
In light of ongoing COVID-19 uncertainty, this year we are zeroing in on resilient stocks that have successfully adapted to the pandemic to thrive. That experience will help… Read More

This new IPO looks promising

DEFINITY FINANCIAL CORP. $29 is a buy. The company (Toronto symbol DFY; Finance sector; Shares outstanding: 115.9 million; Market cap: $3.4 billion; Dividend yield: 1.7%; Takeover Target Rating: Medium; www.definityfinancial.com) is the new name for the parent of Economical Insurance. The holding company also owns Family Insurance Solutions, Petline… Read More

Becton is your #1 Spinoff Buy in 2022

We have selected Becton Dickinson as your #1 Spinoff Buy for 2022.
The medical device maker now plans to set up its diabetes-products business as a separate, publicly listed company. The split should unlock some of Becton’s holding company discount and let it focus on its… Read More