Power Financial Corp

PWF-T

TSE:PWF

36.31
0.00 (0.00%)
Founded in 1984, Power Financial Corporation is a diversified management and holding company that has interest, directly or indirectly, in companies in the financial services sector in Canada, the United ...
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Analysis and Opinions about PWF-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 28, 2018

It is a holding company. The dividend is safe. Trading in line to the value of the assets underlying namely Great-West Life (GWO-T) and the rest is Mackenzie Financial and Investors Group. Would you want to own a Mutual Fund company now? ETFs are destroying them. The individual pieces are not particularly attractive.

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It is a holding company. The dividend is safe. Trading in line to the value of the assets underlying namely Great-West Life (GWO-T) and the rest is Mackenzie Financial and Investors Group. Would you want to own a Mutual Fund company now? ETFs are destroying them. The individual pieces are not particularly attractive.

HOLD
HOLD
June 27, 2018

The underlying components of the mutual fund side of the business have been under significant pressure, he says. The market is looking forward and sees the mutual fund business lacking the ability to create growth. Yield 5.6%.

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The underlying components of the mutual fund side of the business have been under significant pressure, he says. The market is looking forward and sees the mutual fund business lacking the ability to create growth. Yield 5.6%.

BUY
BUY
June 22, 2018

Very frustrating name that hasn’t done much in terms of capital appreciation. Model to grow their earnings at 9% over their forecast horizon. Trading at 9.3 times earnings. They own 80% of Great-West Life (GWO-T) and the rest is Mackenzie Financial and Investors Group. Steady eddy that is not going to hurt you.

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Very frustrating name that hasn’t done much in terms of capital appreciation. Model to grow their earnings at 9% over their forecast horizon. Trading at 9.3 times earnings. They own 80% of Great-West Life (GWO-T) and the rest is Mackenzie Financial and Investors Group. Steady eddy that is not going to hurt you.

DON'T BUY
DON'T BUY
June 22, 2018

They've had a pullback. He's worried that interest rate rises will hit dividends, including this stock. He wouldn't chase it now, especially if you're a retiree. Instead look at bonds and convertibles and stay away from blue-chips like this.

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They've had a pullback. He's worried that interest rate rises will hit dividends, including this stock. He wouldn't chase it now, especially if you're a retiree. Instead look at bonds and convertibles and stay away from blue-chips like this.

PAST TOP PICK
PAST TOP PICK
May 29, 2018

(A Top Pick June 16/17, Up 2% ) Sold it early April. This was a growth company until recently, but since the financial crisis has done very little and not much to improve shareholder values. Management is competent but nothing special. The Desmarais sons haven’t proven themselves and haven’t done as well as their father and they still have a lot of influence in the company.

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(A Top Pick June 16/17, Up 2% ) Sold it early April. This was a growth company until recently, but since the financial crisis has done very little and not much to improve shareholder values. Management is competent but nothing special. The Desmarais sons haven’t proven themselves and haven’t done as well as their father and they still have a lot of influence in the company.

PAST TOP PICK
PAST TOP PICK
March 29, 2018

(A Top Pick Apr 21/17, Down 2.09%) This is the Canadian vacuum. The reason for buying is still all intact. It is being ignored because of NAFTA concerns. Value will really surface.

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(A Top Pick Apr 21/17, Down 2.09%) This is the Canadian vacuum. The reason for buying is still all intact. It is being ignored because of NAFTA concerns. Value will really surface.

HOLD
HOLD
March 26, 2018

POW and PWF: Recent reports were in-line. Not exciting stocks in the financial sector. The dividends are attractive, but don't expect huge upside on the share price.

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POW and PWF: Recent reports were in-line. Not exciting stocks in the financial sector. The dividends are attractive, but don't expect huge upside on the share price.

Jim Huang

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Price
$31.540
Owned
Unknown
HOLD
HOLD
March 7, 2018

Owns Sunlife and Manulife instead. PWF is Challenged by slower growth. Are increasing their dividend. Doesn't expect it to outperform the market. A good hold, but don't put new money into it.

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Owns Sunlife and Manulife instead. PWF is Challenged by slower growth. Are increasing their dividend. Doesn't expect it to outperform the market. A good hold, but don't put new money into it.

HOLD
HOLD
February 22, 2018

A common complaint is that it's been trading in a narrow range for many years, despite great assets like Great West Life. They're challenged by their mutual fund operation which has been challenged by low-cost ETFs. Over time, expect to see occasional dividend increases. Don't expect much capital appreciation, but that yield should continue.

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A common complaint is that it's been trading in a narrow range for many years, despite great assets like Great West Life. They're challenged by their mutual fund operation which has been challenged by low-cost ETFs. Over time, expect to see occasional dividend increases. Don't expect much capital appreciation, but that yield should continue.

COMMENT
COMMENT
February 16, 2018

Power Corp (POW-T) vs Power Financial (PWF-T). He owns Power Financial. Power Corp is the parent. It has been a disappointing stock. PWF owns Great West Life (GWO-T) and IGM-T and a European investment company. GWO has been the drag on Power Financial due to a poor acquisition of a US investment company and some poor European investments. He still owns Power Financial and hopes they will return to twice yearly dividend increases (which stopped following the financial crisis). Yield 4.98%.

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Power Corp (POW-T) vs Power Financial (PWF-T). He owns Power Financial. Power Corp is the parent. It has been a disappointing stock. PWF owns Great West Life (GWO-T) and IGM-T and a European investment company. GWO has been the drag on Power Financial due to a poor acquisition of a US investment company and some poor European investments. He still owns Power Financial and hopes they will return to twice yearly dividend increases (which stopped following the financial crisis). Yield 4.98%.

COMMENT
COMMENT
January 30, 2018

The 2 biggest parts of this are Great West Life (GWO-T) and Investors Group (IGM-T). Investors Group is the largest mutual fund company in Canada. Mutual fund fees are coming under pressure because of more transparency and disclosure. That is going to put a bit of a cap on this. It is controlled by a family, and he doesn't buy companies that have 2 classes of shares. Dividend yield of 4.9%.

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The 2 biggest parts of this are Great West Life (GWO-T) and Investors Group (IGM-T). Investors Group is the largest mutual fund company in Canada. Mutual fund fees are coming under pressure because of more transparency and disclosure. That is going to put a bit of a cap on this. It is controlled by a family, and he doesn't buy companies that have 2 classes of shares. Dividend yield of 4.9%.

COMMENT
COMMENT
January 4, 2018

The inverse to the rising interest rate question is life insurance companies, of which this company owns one. As interest rates go up, liabilities out in the future that they have to pay off, get smaller. This company is giving you almost 1.5X dividend yield over the rest of the sector. The problem is that Great West Life (GWO-T) is not the best of the lifecos. However, IGM Financial has the highest fee structure and has been a great money-maker, and the demographics are really great for wealth management. However, it’s an area where they could lose significant market share. There are better places in the sector.

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The inverse to the rising interest rate question is life insurance companies, of which this company owns one. As interest rates go up, liabilities out in the future that they have to pay off, get smaller. This company is giving you almost 1.5X dividend yield over the rest of the sector. The problem is that Great West Life (GWO-T) is not the best of the lifecos. However, IGM Financial has the highest fee structure and has been a great money-maker, and the demographics are really great for wealth management. However, it’s an area where they could lose significant market share. There are better places in the sector.

SELL
SELL
December 6, 2017

Cash, Power Financial (PWF-T) or Power Corp. (POW-T)? These are very different propositions. It depends on what else you own in your portfolio. Power would not be his pick of where to go in the financial space. Having cash at this point makes sense. Given how much markets have run up, you have to have a mechanism of being able to play some defence, so Cash would be his first pick at of these choices.

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Cash, Power Financial (PWF-T) or Power Corp. (POW-T)? These are very different propositions. It depends on what else you own in your portfolio. Power would not be his pick of where to go in the financial space. Having cash at this point makes sense. Given how much markets have run up, you have to have a mechanism of being able to play some defence, so Cash would be his first pick at of these choices.

PAST TOP PICK
PAST TOP PICK
December 5, 2017

(A Top Pick Jan 19/17. Up 9%.) The fact that the values of insurance companies don’t seem to be going anywhere, makes him wonder if he is really interested in this company or not.

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(A Top Pick Jan 19/17. Up 9%.) The fact that the values of insurance companies don’t seem to be going anywhere, makes him wonder if he is really interested in this company or not.

COMMENT
COMMENT
November 6, 2017

A very safe investment, and sees no risk on the dividend. Doesn't own it right now, because it effectively it is a holding company, and he questions what are the pieces worth. The biggest piece is Investors Group, and doesn't know if he wants to invest in a mutual fund company right now with the movement of ETFs, passive investing, etc. He would be more inclined to own Sun Life (SLF-T) for its recovery, or Manulife (MFC-T) for its Asian operation, and better potential growth down the road. 4.5% dividend yield.

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A very safe investment, and sees no risk on the dividend. Doesn't own it right now, because it effectively it is a holding company, and he questions what are the pieces worth. The biggest piece is Investors Group, and doesn't know if he wants to invest in a mutual fund company right now with the movement of ETFs, passive investing, etc. He would be more inclined to own Sun Life (SLF-T) for its recovery, or Manulife (MFC-T) for its Asian operation, and better potential growth down the road. 4.5% dividend yield.

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