option

An option offers its holder the right to buy or sell a particular security at a specific price within a specific time frame. Two kind of options are put options and call options.

Exploring the Elusive Nature of Interest Rates, Financial Physics, and the Bond Game Brokers Play in the Investment World
This country’s traditional retailers, like Canadian Tire, face rising competition from big U.S. chains, like Walmart and Costco, as they continue to expand in Canada. As well, consumers are now spending less on non-essential items as they adjust to high prices and interest rates.

We feel Canadian Tire will overcome any challenges, as it has for over 100 years....
Here’s Part Two of the letter I sent to our Portfolio Management clients in May 2023:

The coming boom in ‘income investments’

The post-World War II generation—the baby boomers—were born between 1946 and 1964. The youngest boomers are now around 59 and the oldest are around 77....
TOTAL HELIUM LTD., $0.43, symbol TOH on the TSX Venture Exchange, aims to become a significant producer of helium. Its focus is now on a recently acquired interest in the Pinta South helium field in Arizona.

In March 2023, Total Helium announced that it had entered into a transaction with Brooks Range Corporation to acquire 20% working interest in two producing wells at the Pinta South helium field, a 50% working interest in eight more wells at the Arizona project, and a 50% interest in any future wells beyond those 10.

The company paid $12 million U.S....
ResMed’s sales and profits got a boost during the pandemic with a sharp rise in demand for its ventilators and other respiration devices. Even as the pandemic eased, the gains continued as the company introduced more products and expanded its software offerings. Today, ResMed’s outlook remains attractive—and not just for its CPAP machines.

Those CPAP devices successfully treat sleep apnea, which gets far less media attention than other health issues such as high blood pressure, obesity, diabetes, depression, stroke and heart problems....
PFIZER INC., $35.02, New York symbol PFE, remains a buy.

The company is one of the world’s largest makers of prescription drugs. Its top-selling brands include Enbrel (arthritis), Ibrance (breast cancer) and Prevnar (pneumonia).

Sales in the three months ended June 30, 2023, fell 54.1%, to $12.73 billion from $27.74 billion a year earlier....
Alcon shares let you benefit from the rapidly growing contact lenses and cataract surgery markets. The company’s technological leadership is also set to pay off for investors.

Alcon is a spinoff, with Novartis setting it up as a separate company in early 2019....
RESTAURANT BRANDS INTERNATIONAL INC., $76.43, is a buy. The stock (symbol QSR on New York) gives you exposure to the world’s third-largest fast-food operator. That’s after McDonald’s (No. 1) and Yum Brands (No. 2). The company has 30,722 outlets in over 100 countries: 19,789 Burger King, 5,600 Tim Hortons (coffee and donuts), 4,091 Popeyes Louisiana Kitchen (fried chicken) and 1,242 Firehouse Subs.

Tim Hortons is launching a credit card that can be used through its mobile app.

Tims Financial is a new division of Tim Hortons that will offer a no-annual-fee Mastercard powered by Neo Financial....

While rising interest rates have increased the appeal of bonds and hurt REITs in the past year, Choice Properties and H&R remain excellent ways for investors to earn income. We see both as buys.


CHOICE PROPERTIES REIT, $13.56, is a buy. Canada’s biggest REIT (Toronto symbol CHP.UN; Units o/s: 327.9 million; Market cap: $9.9 billion; TSINetwork Rating: Average; Yield: 5.5%; www.choicereit.ca) owns 703 retail, industrial, office space and residential properties with 64.2 million square feet of gross leasable area....
BOSTON SCIENTIFIC CORP., $52.12, is a buy. The company (symbol BSX on New York) develops and markets medical devices used in minimally invasive procedures. Its products are used for angioplasty (blood vessel repair), blood clot filtration, cardiac rhythm management, catheter-aided ultrasound imaging, and many other surgical procedures....