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

BUY

Could play this as well as the banks. Likes it and would buy it here. Good hedge on the stock market. Great west will be under a cloud and could be a takeout candidate. Stay with the banks, but if you want to peel a bit off to PWF, that is fine too.

PAST TOP PICK

(A Top Pick Feb 11/11. Down 9.33%.) Still solid and still likes.

DON'T BUY

Dividend is sustainable but there is no earnings growth whatsoever.

BUY

Good dividend yield. Have been struggling. Not just the insurance, but also the asset management business, which will be under some competitive pressure. Also had some exposure to some European assets. It's a non-bank financial, which he is more positive on. Be a seller at $30.

COMMENT

Primary components are Paraba (?), Great West life (GWO-T) and Investors Group. What drives this company's price is the outlook for great West life and investors group. Selling at reasonable multiples to earn 13%-15% return on equity. Yield is about 5%. Not a bad place for a longer-term investor.

COMMENT

Has been disappointing like all financials. Not a bank, but is largely an insurance company. 3 areas including European investments, fund management and life insurance through Great West Life (GWO-T). If a long-term investor, keep the stock. If you are short-term, no reason to be here.

DON'T BUY

Not a lot of downside. Doesn’t like the financials that are linked to lifecos. It’s fine but there are financial institutions he prefers. There is better value in the small to mid-cap financials.

BUY

Primary components of this company are Great West Life (GWO-T) and IGM Financial (IGM-T). Through the years has been a fairly good provider of dividends. Insurance companies have had difficulty in dealing with the environment of low interest rates and the declining equity values. You should be quite safe over the next 5 years.

PAST TOP PICK

(A Top Pick Sept 17/10. Up 15.2%.)(Preferred A.)

BUY

Owns Mackenzie Funds, Great West Life (GWO-T) and IGM Financial (IGM-T). Sells at a discount to its NAV. Looking at its dividend and its consistent growth, this is a great way to go.

COMMENT

Has been a Top Pick several times over the last 5 years but has been a disappointment as it’s off 25% over the last 5 years even though it raised the dividend for 3 of those 5 years. It owns Mackenzie Funds, Great West Life (GWO-T) and IGM Financial (IGM-T). Once financials improve, you'll see this reflected in this company. 5% yield.

HOLD

Extremely well run company. Has really high quality assets, main ones being IGM, Lifecos, Putnam in the US, European assets as well. Problem is Mutual finds – IGM; Lifecos don’t like declining interest and stock prices. Long term they are high quality companies that will do well. He will continue to hold because he is a long-term investor. 5.8% dividend.

PAST TOP PICK

(Top pick Aug 10/10, Down 10.08%) Down because interest rates will stay low for the longer term. If economy does normalize, then this one will benefit from rising interest rates. We will be in a better position in 6 months. 6% dividend.

COMMENT

Not seeing enough to get excited among the big lumbering financials. Good dividend at 5.3%. Can see the stock being range bound a train $25 and $30. Think there are better opportunities for growth and dividends in some of the smaller financials.

BUY

Cheap stock. Consists of Great West Life (GWO-T) and Investors Group (IGM-T). One of the best managed financial companies in Canada. Dividend is very safe.

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Power Financial Corp (PWF.TO)