Profit from retiring baby boomers

Great-West Lifeco and IGM are both in a strong position to profit as baby boomers sign up for retirement planning services and buy supplemental accident and disability insurance. Both companies also trade at low multiples to their earnings and will probably raise their dividends in… Read More

Updating Manitoba Telecom, Bank of Nova Scotia, and Power Corp.

MANITOBA TELECOM $30.63 (Toronto symbol MBT; Shares outstanding: 77.4 million; Market cap: $2.4 billion; TSINetwork Rating: Average; Dividend yield: 5.6%; www.mts.ca) jumped to just over $33 in response to BCE’s plan to buy 100% of Bell Aliant (see box on page 57). Investors believed Manitoba… Read More

The Successful Investor Hotline – Friday, July 18, 2014

CANADIAN PACIFIC RAILWAY LTD., $209.09, Toronto symbol CP, gained 6% this week after reporting better than expected quarterly results.

In the three months ended June 30, 2014, CP’s earnings jumped 47.2%, to $371 million, or $2.11 a share, beating the consensus estimate of $2.09. A year… Read More

Updating Power Corp., Telus, and Canadian Pacific Railway

POWER CORP. $30.40 (Toronto symbol POW; Shares outstanding: 412.4 million; Market cap: $14.2 billion; TSINetwork Rating: Above Average; Div. yield: 3.8%; www.powercorporation.com) is a diversified holding company. It holds its financial assets through 65.8%-owned Power Financial.

These financial assets include 68.1% of Great- West Lifeco, one… Read More

IGM FINANCIAL INC. $54 – Toronto symbol IGM

IGM FINANCIAL INC. $54 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 252.4 million; Market cap: $13.6 billion; Price-to-sales ratio: 5.1; Dividend yield: 4.0%; TSINetwork Rating: Above Average; www.igmfinancial.com) continues to benefit as rising stock markets spur the value of its clients’ holdings.

As… Read More

Updating ATCO Ltd., IGM Financial, and CP Rail

ATCO LTD. (Toronto symbols ACO.X [class I non-voting] $55 and ACO.Y [class II voting] $55; Income Portfolio, Utilities sector; Shares outstanding: 115.1 million; Market cap: $6.3 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.6%; TSINetwork Rating: Above Average; www.atco.com) has won a contract to operate a.. Read More

IGM FINANCIAL INC. $52 – Toronto symbol IGM

IGM FINANCIAL INC. $52 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 252.4 million; Market cap: $13.1 billion; Price-to-sales ratio: 4.9; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www. igmfinancial.com) is Canada’s largest independent mutual fund company. Power Financial owns 58.6% of IGM.

As… Read More

IGM FINANCIAL INC. $45 – Toronto symbol IGM

IGM FINANCIAL INC. $45 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 251.4 million; Market cap: $11.3 billion; Price-to-sales ratio: 4.8; Dividend yield: 5.0%; TSINetwork Rating: Above Average; www.igmfinancial.com) had $148.4 billion worth of assets under management as of March 31, 2015,… Read More

Going beyond the banks for high-yielding financial stocks

In our flagship Canadian advisory, The Successful Investor, we recommend that when you select investments in the financial sector, you start by looking at Canada’s big-five banks.

But we also recommend diversifying your holdings with non-bank finance stocks. Two weeks ago, we covered one such stock… Read More

These two will ride markets higher

We feel that the current global stock market rally could continue for some time, particularly as the U.S. economy picks up steam. That’s good news for insurance companies like Great-West, which must hold a broad portfolio of securities to cover potential claims. At the same… Read More