investment

These two REITs own some of the best properties in Canada’s biggest cities. Despite the disruptions caused by the work from home and online shopping trends, those high-quality holdings should continue to attract tenants.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $16.92, is a buy. The REIT (Toronto symbol AP.UN; Units outstanding: 128.0 million; Market cap: $2.4 billion; TSINetwork Rating: Average; Dividend yield: 10.6%; www.alliedreit.com) owns 201 office buildings and nine properties under development, mainly in major Canadian cities....
A subscriber recently wrote to ask about bitcoin:

“Pat, I know you’ve never been fond of bitcoin, but could it be that now is a good time to buy? It seems to be moving into the mainstream. I believe bitcoin is already legal tender in a handful of countries....
Before You Invest in France, Explore France’s Economic Landscape, Government Reforms, and the Resurgence of its Thriving Tourism Industry
FIVE BELOW INC., $181.38, symbol FIVE on Nasdaq, is a retailer that offers a broad range of merchandise for teen and pre-teen customers. Most of its products are priced between $1 and $5. However, in recent years, it has added merchandise priced above $5 through its Five Below and Beyond format....
GARMIN LTD., $148.87, is a buy. The company (symbol GRMN on Nasdaq) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine.

As part of its marketing efforts, Garmin forms a Marine Team of professional anglers each year....
Loblaw has come under fire in the past few months from politicians and consumer advocates complaining that it earned “excessive profits” during and after the COVID-19 pandemic. Despite the threats of new taxes and rules on how food sellers operate, the stock has gained an impressive 31% in the past year compared to the 13% rise for the S&P/TSX Composite Index....
SAVARIA CORP., $16.81, symbol SIS on Toronto, designs and builds mobility products for consumers. These include home elevators, commercial lifts, stairlifts, ceiling lifts, and adapted vehicles. The business has manufacturing facilities in North America, Europe, Mexico and China....
Republic Services Inc. has reported impressive quarterly results with results surpassing consensus estimates.

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You can’t fake a record of dividends....
MANULIFE FINANCIAL CORP. $33 is a buy. The company (Toronto symbol MFC; Conservative-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.8 billion; Market cap: $59.4 billion; Dividend yield: 4.8%; Dividend Sustainability Rating: Above Average; www.manulife.ca) is Canada’s largest life insurer....