Our updates for safety-conscious investors

LOBLAW COMPANIES, $116.07, is a buy. The retailer (Toronto symbol L; Shares outstanding: 327.3 million; Market cap: $38.1 billion; TSINetwork Rating: Above Average; Dividend yield: 1.4%; www.loblaw.ca) paid $832 million for Lifemark Health Group in May 2022. It operates over 300 clinics across Canada that provide physiotherapy, massagetherapy, occupational… Read More

Updating your Conservative-Growth Payers: Power Corp.

POWER CORP. $34 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 616.2 million; Market cap: $21.0 billion; Dividend yield: 5.8%; 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

Enjoy a 6.3% yield from IGM Financial Inc.

Enjoy a 6.3% yield from IGM Financial Inc.

While assets under management have dropped, recent stock market volatility and higher interest rates will probably prompt more individuals to turn to IGM’s professional advisors.

The stock trades at just 9.2 times the company’s 2022 earnings forecast.

IGM FINANCIAL INC. (Toronto symbol IGM; www.igmfinancial.com) is Canada’s largest… Read More

Three key updates to spur your success

MOLSON COORS CANADA INC. remains a hold. The company (Toronto symbols TPX.A $74 and TPX.B $71; Conservative Growth and Income Portfolios, Consumer sector; Shares outstanding: 216.7 million; Market cap: $15.5 billion; Price-to-sales ratio: 1.1; Dividend yield: 2.8%; TSINetwork Rating: Average; www.molsoncoors.com) is the world’s fifth-largest beer brewer.
The company… Read More

IGM takes a writedown

POWER CORP., $36.47, is a buy. The conglomerate (Toronto symbol POW; Shares o/s: 619.6 million; Market cap: $24.8 billion; TSINetwork Rating: Above Average; Dividend yield: 5.4%) owns 61.8% of IGM Financial (symbol IGM on Toronto). IGM is Canada’s largest independent mutual-fund provider with $268.3 billion in assets under administration.
IGM… Read More

IGM writes down Wealthsimple

IGM FINANCIAL INC. $36 is a buy. The company (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 239.7 million; Market cap: $8.6 billion; Price-to-sales ratio: 2.5; Dividend yield: 6.3%; TSINetwork Rating: Above Average; www.igmfinancial.com) is Canada’s largest independent mutual-fund provider. Power Corp. owns 61.9% of the… Read More