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

COMMENT

Very cheap. Has been a very disappointing performer. Yielding over 4% and trading under 12X earnings. Has a record of being a very savvy acquisitor. Looking at this one very closely.

HOLD

(Preferred A.) Gives a decent yield. And you get a dividend tax credit. All of the financial preferreds are all down but the dividends are intact and he doesn’t think they are in jeopardy.

TOP PICK

Not in the banking business. Mostly in the life insurance and mutual fund business. 3.9% dividend. Owns Canada Life, Great West Life, London Life, Mackenzie Financial and Investors Group. Also have the Putnam Group in the US, which he thinks could turn around.

BUY

Market are concerned about financial companies. Very comfortable with recent management moves they made.

TOP PICK

Off 15%. Basically life insurance and minimal exposure to credit and yet it is off as much as some of the banks. 3.8% yield.

TOP PICK

A multiplicity of assets. Sold off with the rest of the financials. Good European exposure. 3.5% yield. Recent of all PE at around 13X.

BUY

Will trade relatively comparable to other banks and insurance companies. Very well run company and he has no issue with it. Have good assets. Good credit profile.

BUY

(Market Call Minute.) The Power group of companies have come down with the other financials even though its parts don't own any bad paper.

TOP PICK

This gives you exposure to life insurance and mutual funds. Minimal credit exposure and yet it fell as much as the other financials. 3.5% yield. This is one of the rare occasions you get to buy this when it is not just motoring ahead.

PAST TOP PICK

(A Top Pick May 2/07. Down 7% including dividends.) He would be buying for new accounts when he got into buying financials again. Dividends are increased regularly. Hold. This is the area to be if you are a long-term investor.

PAST TOP PICK

(Top pick, March 28, 2007. Down 12.7%) They don’t own directly or indirectly any bad subprimes. Down by association, which gives a great opportunity to investors.

HOLD

Likes this one over the next 2 years. What is really hurting them right now is their big exposure to the mutual fund industry through Investors Group (IGM-T). With the financial markets in turmoil the market is thinking that sales are likely to slow. Also have a big holding in Great West (GWO-T), which has a large exposure to the US market. Over the longer term, all of their holdings are very good and will do well over time.

DON'T BUY

Just taken out of an RBC portfolio, which has put pressure on it. Also named in a class action lawsuit where Great West Life (GWO-T) and London Life are being sued. All financials are under a lot of pressure. Not as compelling as a lot of other financial service stocks and will have some problems for a while. (OK to hold from a long-term point of view.)

BUY

Controls Investors Group (IGM-T), Great West (GWO-T), London life and Canada Life. Also have some holdings in Europe. Stock has come off largely because financials in general have been hit and is big in the mutual fund business. Good long-term Buy. Raises its dividends annually, usually twice a year.

BUY

A great long-term buy if you are satisfied with the market. A great way to participate in mutual fund companies and Great West Life (GWO-T). This is on his watch list.

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Power Financial Corp (PWF.TO)