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Chris Blumas Definity Financial DFY-T DON'T BUY Oct 16, 2024

Keep adding to a position?

Depends on what percentage it makes of your portfolio, plus what your cost base is. #1 competitor to DFY is IFC. The industry is consolidating more. DFY might have a leg up on IFC, as DFY is smaller and can buy a few more things in Canada.

Cost inflation and extreme weather give him pause in this area. Both well-run businesses, but inclined to stay away. The sector poses some risks.

Chris Blumas

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$54.270

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HOLD

P&C business. Making a ton of money. Great business, good valuation. Will probably be acquired at some point. His insurance play remains BRK.B.

PARTIAL BUY

Recent insurance losses (flooding) in Toronto will be hard on the business, but overall long term prospects are good. Climate change actually good for the business (more premiums). Likes business, but does not own shares (prefers Intact).

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 14/23, Up 36.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DFY is progressing well. To remain disciplined, we recommend trailing up the stop (from $41) to $46 at this time.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 14/23, Up 50.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DFY is progressing well. To remain disciplined, we recommend trailing up the stop (from $46) to $51 at this time.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 14/23, Up 60.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DFY is progressing well. To remain disciplined, we recommend trailing up the stop (from $51) to $56 at this time.

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Dec 14/23, Up 54.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DFY has triggered its stop at $56. To remain disciplined, we recommend covering the position at this time. Combined with our previous guidance, this will result in a net investment gain of 37%.

TOP PICK

Predictable. Smaller P&C insurance. Pretty stable chart. ROE has an exceptionally bright future because of how well the business is run. Topline growth over 9% in recent earnings, and really good expense management. Yield is 1.21%.

(Analysts’ price target is $64.30)

HOLD

Has done exceptionally well. Best technology platform in the space. Great management. In November, it's allowed to be taken out if a suitor comes calling. Lofty premium will remain until then. Would make sense for IFC to buy it.

HOLD

Strong balance sheet, buying smaller businesses. Has an opportunity in front of them that the likes of MFC do not.

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Chris Blumas Definity Financial DFY-T DON'T BUY Oct 16, 2024

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