Power Corp (POW.TO)

(Market Call Minute.) The operating subs are doing well.

(A Top Pick Sept 7/12. Up 20.64%.) Sold his holdings at $27 for a 13% gain plus the 5% yield.

Sold a week ago. Looks like we will be bound by the resistance from 2011. He would like it to break out before going in. Must go above $32.

(A Top Pick March 15/12. Up .02%.) With Great West Life’s (GWO-T) acquisition of Irish Life, this should add 10% to GWO’s earnings from next year, then we could start to see some substantial movement in this companies earnings.

Power Corp (POW-T) or Power Financial (PWF-T)? Likes both of them. Tends to invest in Power Financial because of a somewhat higher dividend. If the European situation settled out, this one could perform better. If you want to take a chance on a little more on the growth, buy this one.

Had a pretty good quarter last quarter but a lot of that came from a US investment firm they have. Operating EPS is down a bit. Currently fairly valued. 4.8% dividend.

Good conservative management and balance sheets. Good dividends. Does have some exposure to Europe.

Cheap on a price to book basis. Balance sheet has grown very nicely. A fairly diversified kind of financial company. Has a nice dividend of 4.9%.

Had some positive results from some US holdings. Operating earnings were down primarily because of what they were accounting for in Power Financial (PWF-T). He would prefer Power Financial (PWF-T) but he wouldn’t be selling either one of them at these prices.

Power fin and/or power corp., depending on fund. This one gives you better value on a historical basis.