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

PARTIAL BUY

Has pulled back because we are in a corrective phase in the market. Nothing wrong with this one. Reasonable yield. Well run company through the years. By a partial position and see how the stock performs.

TOP PICK

Owns very solid assets including Great West Life (GWO-T) and Investors Group (IGM-T), which are very well managed. 4.5% dividend.

TOP PICK

Insurers generally have not done as well as banks as the market has recovered. This is a holding company with 70% of Great West Life (GWO-T) and a little over half of Investors Group (IGM-T). As the economy improves and interest rates rise, both of those businesses should do really well. 4.5% dividend is quite solid. Great track record of increased dividends.

BUY

Likes the power group of companies. He thinks this one will do well.

DON'T BUY

Model price is $32.86, a -2% differential. In general all of the financials have come a long way. You could consider looking at National Bank (NA-T), which has a 20.5% upside to the current price.

TOP PICK

Series L 5.10% Bond. This is a perpetual and the perpetuals have really gotten beaten down so are worth a look.

HOLD

Underlying assets of Great West (GWO-T) and IGM (IGM-T) gives good reason to think they will continue to grow. Will probably be increasing its dividend over time. 4% yield.

TOP PICK

Holding company, owns great west life (the best performing lifeco). Owns IGM, which has done well. Own an asset manger in the US that was troubled and is turning around. European assets are doing well. Thinks it will resume raising its dividend again.

BUY

It’s slow growth and not a lot of opportunities for a great increase in the price. If you are buying it for the dividend, then great. Dividend is safe. It’s fairly priced.

TOP PICK

Holding company for Great West (GWO-T), IGM (IGM-T) and Putnam in the US (Best mutual fund in Barrens). 4.5% dividend yield. You have coverage for virtually everything you need within the asset management/investment field and insurance. Due for another dividend increase.

TOP PICK

In the financial sector banks have seen their best for a while but insurers have a better outlook and better value. This one is a holding company for Great West (GWO-T), IGM (IGM-T) and Putnam in the US. Stock got overdone on the downside. Good dividend of about 4.5%, which it regularly raises.

HOLD

Very diversified in terms of its financial holdings. Could see this one going sideways over the next 6 to 12 months. Well run company. Still has room to the upside but it will be a slower crawl.

BUY

Likes it – it’s on his buy list. 4.71% and expectation of 10-12% capital gain over the next 12 months. High grade stock, well run – one of our premier companies in Canada.

SELL

Key underlying businesses are Investors Group and Great West Life are very good businesses but investors group doesn't seem to have a lot of growth in it. If you own, consider moving to a small financial.

HOLD

Trades in lockstep with POW but this has a higher dividend.

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Power Financial Corp (PWF.TO)