Two top non-bank financial buys

A great way to diversify your Finance sector holdings beyond the big banks is to buy shares of Great-West Lifeco and IGM Financial. Both companies lead their fields, trade at low multiples to earnings and have a history of rising dividends.

GREAT-WEST LIFECO INC. $37… Read More

The Successful Investor Hotline – Friday, June 5, 2015

SNC-LAVALIN GROUP INC., $46.40, Toronto symbol SNC, gained 3% this week on speculation that larger engineering firms in Spain and Australia are interested in buying the company.

The stock fell to $36.24 in March 2015 after the RCMP laid charges against SNC and two of its… Read More

POWER CORP. $33.51 – Toronto symbol POW

POWER CORP. $33.51 (Toronto symbol POW; Shares outstanding: 413.5 million; Market cap: $15.5 billion; TSINetwork Rating: Above Average; Div. yield: 3.4%; www.powercorporation.com) holds its financial assets through 65.7%-owned Power Financial. These holdings include 58.7% of IGM Financial, a leading Canadian mutual fund provider.

As of… Read More

Updating TransCanada Corp., Power Corp. and Telus

TRANSCANADA CORP. $56.04 (Toronto symbol TRP; Shares outstanding: 708.9 million; Market cap: $40.4 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.transcanada.com) has announced a new deal with Magellan Midstream Partners (New York symbol MMP).

The two firms have formed a 50/50 partnership to build… Read More

POWER CORP. $33.52 – Toronto symbol POW

POWER CORP. $33.52 (Toronto symbol POW; Shares outstanding: 412.6 million; Market cap: $15.5 billion; TSINetwork Rating: Above Average; Div. yield: 3.5%; www.powercorporation.com) is a diversified holding company. It holds its financial assets through 65.7%-owned Power Financial.

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

Please give me your thoughts on Gluskin Sheff + Associates. I enjoy your weekly comments. Thank you for the valuable advice through the past decade.

Gluskin Sheff + Associates, $27.25, symbol GS on Toronto (Shares outstanding: 31.7 million; Market cap: $839.5 million; www.gluskinsheff.com), is a Toronto-based wealth management firm that serves high-net-worth individuals and institutional investors. It has around $8.2 billion in assets under management.

In August 2014, the company acquired… Read More

Updating Molson Coors Canada Inc., Atco Ltd. and IGM Financial Inc.

MOLSON COORS CANADA INC. (Toronto symbols TPX.A $94 and TPX.B $99; Conservative Growth and Income Portfolios, Consumer sector; Shares outstanding: 185.9 million; Market cap: $18.4 billion; Price-to-sales ratio: 3.5; Dividend yield: 2.1%; TSINetwork Rating: Average; www.molson coors.com) has paid an undisclosed sum for Mount Shivalik… Read More