Power Corp (POW.TO)

It is hard to ignore the strong momentum shares of POW have had. Trading at 11X forward earnings with results that continue to look strong, we would be fine with owning the name. Even if it starts to level out from here, the 3.6% yield doesn't hurt.
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Pretty safe company. Uptrend, but not parabolic. Great-looking chart. Not the next NFLX or NVDA, but proving to be a steady eddy. Use the little dips to add to your position. He wouldn't be selling.

One of Canada's great success stories. But on risk/return, analysts think it's worth less a year from now than what it's trading at today. Fundamental analysts aren't always right, but if they are then it's overvalued. Markets are going up and everything's at an all-time high, so it's hard to find assets priced cheaply right now.

Very solid blue-chip Canadian asset manager. If you're a long-term holder, continue to hold. If you have gains to harvest, you could trim. Really good job managing assets and increasing dividend. For new $$, wait for a pullback.

Still a big part of his portfolio, but he's trimmed because it became too big a weighting. Increases dividend by 7% annually, and this will continue. Dividend of 4.5% plus growth of 7% equals return of 11-12% for a low-risk company.

Insurance space is cheaper than the banks, better growth, lower payout ratios. Fairly exempt from tariffs. Cradle-to-grave financial services. Beautiful dividend. Nice discount to NAV. Upside from private capital and nice little investments like Wealthsimple. Another quiet place to put $$ to work.

Sleep easy at night, tends to move up over time. Safe and steady rather than the kind of growth you'd get from a BN or one of the banks. Used to be dead money, but that's changed. Attractive dividend. A good name to fund your retirement.

Good way to get exposure to GWO lifeco. Essentially an asset manager that has positions in public and private companies. Trades at 25% discount to NAV, and GWO is about 70% of its NAV. Defensive way to play the space. Yielding slightly higher than GWO.

With rates going down, you could consider a fixed-rate preferred. He's been buying POW.PR.D, yielding about 6.1%. Beauty of it is that it doesn't reset, it's perpetual. So if the BOC moves rates lower, these preferred shares won't reset to a lower level. Gets more valuable as the BOC lowers interest rates.

The theme for today is "What wins Stanley Cups is defense." Very defensive name. Rare combination of dividend that grows every year by ~7%, value, resilience. Trades at discount of 23% to NAV; he expects this to narrow to 10-15% as the company scales more into alternative assets. 

Tepid sentiment on GWO has provided an opportunity to buy; now has upwards earnings momentum. Trades at 9x PE, growing at 14.6%. May be able to get it slightly cheaper. Yield is 4.80%. 

In his dividend portfolio. NAV is around $64, so it's trading at a discount as usual. He likes that they continue to increase dividend. In current environment, asset management is more volatile but life insurance is less. Yield is ~5%.

Great as a diversified financial. Great dividend payer and grower. Technically hanging in really well. Great long-term hold. Trading now at the 50-day MA. Yield is 5.1%.

He's been buying. Great valuation, holding-company discount, decent growth rate of 6-8%. Nice dividend with a good payout ratio. Technically over its skis, but likes the name long term. Better entry at $44-45.

Only problem is that when bull markets start to give way to bear markets, people look for areas immune from tariffs. If the economy rights itself, and you see $$ going into names like tech again, this type of name will fall off. If we go into a real downturn, money will leave the market and this name will go lower along with everything else.

Terrific FMV. Stock's at a point where it has to break out technically, but it's a story unfolding on the back of more engaged management. Big discount to book value, lots of upside. Could probably survive a Trump walloping. Nice dividend of 4.5%.

He's a real chicken, and looking for stocks that won't hurt too much if tariffs go the wrong way. Life insurance is fairly insulated. Won out as his pick compared to MFC. Cheap at 8.6x 2025, growing 6-7%. Market thinks growth will be 12% next year. A win-by-not-losing choice. Yield is 5.5%.

Owns Mackenzie Investors Group, GWO. Investments in names like Wealthsimple and asset management. Alternative lending business. Many different ways to surface value.