Power Corp (POW.TO)

Essentially a conglomerate. Derives majority of its value from its equity stakes in GWO and IGM. Typically trades at a 20-25% discount just because of its structure, and this is hard to do away with. He really likes GWO.

Owns shares in portfolio.
Trades on a NAV basis - currently trading at 24% discount.
Diversified business.
~5% yield is strong.
Good for shareholders looking for yield.

Very cheap at 7.5x 2024 earnings, 14% estimated growth rate. Insurance companies do well in the current environment. Underlying businesses are good. Own a name like this and get a really nice dividend. Won't hurt you from here.

His preference to owning its subsidiaries. Simplified company structure. Pretty nice dividend, just over 6%. Longer term, you can hold this one. Discounted price makes it a buying opportunity.

Lots of potential, good balance sheet. Nice dividend. FMV is excellent. Needs a catalyst. Yield is 5.3%.

Good growth in insurance, an industry which took a hit during Covid due to the rise in mortalities. This is fading away. Pays a 5.3% dividend, better than the banks.

EBV negative 3. Market doesn't like something on the balance sheet. Writedowns, perhaps? Where's the catalyst? Yield of 5.5% puts your capital at risk. In a bear market, story stocks like this don't do well. Avoid.