I’d like to ask about Brookfield Asset Management preferred shares. I know you recommend a handful of bank preferreds, and I was wondering if Brookfield’s preferreds might be a good investment for income and possible capital gains. I was looking particularly at the “M” series. Can I have your thoughts on that one? Thanks.

Brookfield Asset Management 4.75% Series 17 Preferreds, $14.85, symbol BAM.PR.M on Toronto, are perpetual preferred shares. That is, they have no fixed maturity date, and they have to pay their stated dividend forever, or “in perpetuity,” before they can pay common dividends in any given… Read More

Still a Portfolio Mainstay

When Wal-Mart and other big American retailers began moving into Canada in the 1990s, many Canadians assumed the worst for Canadian retail stocks. In the fall of 2000, in fact, some investors zeroed in on Canadian Tire as a tax-loss selling candidate. They dumped the… Read More