Onex Corp (ONEX.TO)

Consolidating over the last year. Rally off the bottom has not been terribly convincing. If cost of capital is rising, makes it tougher on these businesses. You'll do fine, but he'd rather own companies that are more leveraged to public, not private, markets. Try TROW, BAM, or CIX.

Brilliantly run for the last 30 years. They've made many successful investments, but the Westjet buy was untimely and slowed down Onex. But post-pandemic, airline travel will really pick up. So, it's now cheap in PE, though the dividend is only 0.5%. Onex hands so much stuff, so you don't know what business will work or bite them. Overall, this is fine.

An acquirer of private businesses and long-established. Strong managers. They began expanding into distresses credit, so there could be opportunities now. They bought Gluskin-Sheff, a private wealth manager for the rich which they rescued from floundering. Synergy here is good. ONEX is a fine company, though pays little in dividends. You can buy this.

(A Top Pick Apr 11/19, Down 3%) They had bought WestJet and the shares were cheap. They are a great long term private equity firm. He thinks there are other things to put his cash into now.

Onex is well-positioned as the Westjet deal looks likely. If it's a long-term hold, so you can buy it today.

(A Top Pick Mar 20/19, Up 19%) It trades at a huge 15% discount to NAV. They just bought WestJet. It should be trading at $100.

Onyx has done a good job on their portfolios. She has been playing this through KKR-N and Brookfield to get these secular drivers. They have strong alignment with shareholders.