Power Financial Corp (PWF.TO) Buy, Sell or Hold

Power Financial Corp (PWF.TO)

36.31

-0.00 (0.00%)

as of Feb 19, 2020, 9:00:00 pm Market Open.

229 watching

PAST TOP PICK

(A Top Pick Aug 19/11. Up 3.01%.) Excellent yield and better than what you are getting out of the banks. Still likes. 5.6% yield.

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COMMENT

Good dividend. Primarily struggling because of the Great West Life (GWO-T) portion of its holding and the fact that in this interest-rate environment, insurance companies have an awfully difficult time in matching future obligations to their current investment portfolio. If and when interest rates start to turn up, insurance companies will be a good play. Little premature to expect much from this company in this environment but at least, with the dividends, you are being paid to wait. His bias might shift away from this company towards Great West Life.

RISKY

Has a small position. Small Cap. Successful business model. Let the money run. 60% payout ratio. You want well-covered dividends and a loyal shareholder base.

BUY

Hasn't been a great thing to own in the last while. Have 3 main businesses. Majority owner of Great West Life (GWO-T) which is the best performing and best acting of the major Canadian life goes. Dominant shareholder of IGM which includes mutual funds. Their 3rd one is Pargesa, a European investment company. Likes what they own.

HOLD

How important are the wealth management parts of the business? If interest rates recover in 2 or 3 years, could the stock price recover? The key shareholder is the Demarais family and they like dividends so your 5.75% dividend is secure. Over a five-year term, you should be okay.

SELL

She had held it for income and sold in the last month. 5.5%. She was concerned about investors group, which cut their MERs on their funds. Thinks that will be a trend in the industry. Leads to lost fees and lost profits. Questionable whether they can make it up with asset accumulation. There are other names you can own for income.

TOP PICK

Likes yield. Asset base is quite solid. Dividend covered quite well, 5.5%. Took a sharp dip recently, which he thought was unjustified.

WAIT

He is still a little more confident in the banks. When interest rates start to go up, PWF is a great way to play it. Extremely well managed. Strong sales forces. You could buy it now and be patient or wait

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BUY

Should make mid $30s within 3-4 years for sure (caller’s question). Has a pretty small exposure to Europe. Owns Great West Life, which PWF owns.

BUY

Dividend is totally secure. In 2 major businesses, life insurance through Great West Life and funds management through Investors Group. Great West Life has been a stalwart in insurance until recently when the stock stumbled. IGM just announced they are going to reduce management fees on some of their mutual funds. These and dividend. The stock should be okay.

BUY

Well run company. An issue is that they own Great West Life (GWO-T) and Mackenzie. If you think the insurance business is going to do better over the next 3 to 6 years, you would be better off with Great West. Has a great dividend. Reasonable price here.

TOP PICK

Think people overreacted to the recent happenings in their companies they hold. Nice yield of 4.8%. Holds various financial groups. Good management.

BUY

Life insurance (GWO), funds management business. He is positive on equity markets. Third business is investments in fine European companies.

PAST TOP PICK

(A Top Pick Feb 25/11. Down 7.46%.) Like this one better than the banks. Yield is good.

BUY

Slightly higher yield than banks in excess of 5%. Own Great West Life (GWO-T) and Investors Group. Great West is arguably the highest quality in terms of conservatism and has been less impacted by market sensitivities than its peers.

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Power Financial Corp (PWF.TO)