The total of a company's assets less any liabilities. This amount is also referred to as Shareholder's Equity.
A: Canadian General Investments Ltd., $38.85, symbol CGI on Toronto (Units outstanding: 20.9 million; Market cap: $790.2 million; www.mmainvestments.com), is a closed-end fund that mainly invests in shares of Canadian companies that it sees as average or above-average in quality.
Established in 1930, it is one… Read More
A holding company discount represents a great hidden opportunity for investor profit
Even in 2024, a holding company discount is a little-understood phenomenon in finance. It represents a special kind of hidden asset and source of potential profit for investors in those conglomerates.
A holding company is… Read More
Precious metals should let you profit over the next few years if interest rates begin falling (a clear possibility). That lowers the appeal of the U.S. dollar and increases the appeal of gold—and other precious metals—as a store of value. Here we look at three… Read More
POWER CORP., $36.86, is a buy. The conglomerate (Toronto symbol POW; Shares o/s: 600.8 million; Market cap: $24.3 billion; Rating: Above Average; Yield: 6.1%) has several primary investments, including controlling stakes in Canadian financial services firms Great-West Lifeco (insurance) and IGM Financial (mutual funds). It also owns 15.5% of… Read More
POWER CORP. OF CANADA $37 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 652.2 million; Market cap: $24.1 billion; Dividend yield: 6.1%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) has several primary investments, including controlling stakes in Canadian financial services firms Great-West… Read More
The ins and out of closed-end funds — and when to buy them
Closed-end funds are a lot like conventional, open-end mutual funds. They hold a diversified portfolio of stocks, chosen by a fund manager who gets a fee for his or her services (a key… Read More
A Member of Pat McKeough’s Inner Circle recently asked for his advice on Canadian General Investments, a closed-end fund that stands as a venerable player in the investment landscape since its establishment in 1930.
Pat likes the firm’s diverse holdings and strong discount to its net… Read More
NAVIOS MARITIME PARTNERS L.P. $29 is a hold but only for aggressive investors. This Monaco-based limited partnership (New York symbol NMM; Manufacturing & Industry sector; Units outstanding: 30.8 million; Market cap: $893.2 million; Dividend yield: 0.7%; Takeover Target Rating: Medium; www.navios-mlp.com) operates a fleet of 177 dry bulk, container… Read More
A: Canadian General Investments Ltd., $34.06, symbol CGI on Toronto (Units outstanding: 20.9 million; Market cap: $710.5 million; www.mmainvestments.com), is a closed-end fund that mainly invests in shares of Canadian companies that it sees as average or above-average in quality.
Established in 1930, it is one… Read More
POWER CORP. OF CANADA $37 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 660.4 million; Market cap: $24.4 billion; Dividend yield: 5.7%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) has several primary investments, including controlling stakes in Canadian financial services firms Great-West… Read More
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