Great West Lifeco

GWO-T

Analysis and Opinions about GWO-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
September 30, 2013

(A Top Pick August 27/12. Down 0.2%.) 5.4%, Series P. . All 3 picks are down because over the summer, there was a perfect storm of events including 1) the tapering, 2) index rebalances in preferred shares (ETFs must exchange their holdings), which drove prices down and 3) in August there was a program trade go through which drove them down even further.

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Great West Lifeco (GWO-T)
September 30, 2013

(A Top Pick August 27/12. Down 0.2%.) 5.4%, Series P. . All 3 picks are down because over the summer, there was a perfect storm of events including 1) the tapering, 2) index rebalances in preferred shares (ETFs must exchange their holdings), which drove prices down and 3) in August there was a program trade go through which drove them down even further.

COMMENT
COMMENT
September 18, 2013

Just sold his holdings. Had a nice run. Insurance companies are certainly going to benefit if rates rise and equity markets move up. He is seeing a little bit of topping in the last little while although the trend is still there. It is susceptible to come down to the $27-$28 range. Looks like it is time for a pause. 4% dividend.

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Great West Lifeco (GWO-T)
September 18, 2013

Just sold his holdings. Had a nice run. Insurance companies are certainly going to benefit if rates rise and equity markets move up. He is seeing a little bit of topping in the last little while although the trend is still there. It is susceptible to come down to the $27-$28 range. Looks like it is time for a pause. 4% dividend.

HOLD
HOLD
September 10, 2013

Very high quality life insurance company. Never had the issues with market sensitivity that the others had. Very safe name. 4% dividend increases over time.

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Great West Lifeco (GWO-T)
September 10, 2013

Very high quality life insurance company. Never had the issues with market sensitivity that the others had. Very safe name. 4% dividend increases over time.

HOLD
HOLD
September 4, 2013

Lifecos are just starting into the reporting period and he thinks we are going to see a relatively good quarter. This is one that has always returned a more consistent ROE.

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Great West Lifeco (GWO-T)
September 4, 2013

Lifecos are just starting into the reporting period and he thinks we are going to see a relatively good quarter. This is one that has always returned a more consistent ROE.

DON'T BUY
DON'T BUY
August 22, 2013

The period of seasonal strength for financials is normally in the springtime. He would avoid it until then. It is showing signs of rolling over.

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The period of seasonal strength for financials is normally in the springtime. He would avoid it until then. It is showing signs of rolling over.

BUY WEAKNESS
BUY WEAKNESS
July 29, 2013

Price to book is more expensive than Sun Life (SLF-T) or Manulife (MFC-T). Just did the Irish life transaction which will be very accretive for them.

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Price to book is more expensive than Sun Life (SLF-T) or Manulife (MFC-T). Just did the Irish life transaction which will be very accretive for them.

BUY
BUY
June 14, 2013

(See Top Picks for the insurance company that he prefers.) Likes the insurance space because they fund their liabilities through their investments. They can re-deploy a lot of cash now. Reasonable dividend (4.5%) and valuation. Prefers MFC-T. You can also buy Power Financial Corp which holds GWO-T.

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(See Top Picks for the insurance company that he prefers.) Likes the insurance space because they fund their liabilities through their investments. They can re-deploy a lot of cash now. Reasonable dividend (4.5%) and valuation. Prefers MFC-T. You can also buy Power Financial Corp which holds GWO-T.

PAST TOP PICK
PAST TOP PICK
March 26, 2013

(A Top Pick March 30/12. Up 17.3%.) Completed the acquisition of Irish Life which will add about $0.10-$0.12 in earnings next year. They are overdue to raise the dividend and expects this later this year or early next year.

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(A Top Pick March 30/12. Up 17.3%.) Completed the acquisition of Irish Life which will add about $0.10-$0.12 in earnings next year. They are overdue to raise the dividend and expects this later this year or early next year.

PAST TOP PICK
PAST TOP PICK
March 15, 2013

(A Top Pick Feb 29/12. Up 7.8%.) Preferred P series 5.4%. This is a perpetual. He is bullish on the market so he wants to be a bit longer-term.

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(A Top Pick Feb 29/12. Up 7.8%.) Preferred P series 5.4%. This is a perpetual. He is bullish on the market so he wants to be a bit longer-term.

BUY
BUY
March 15, 2013

Acquired Irish Life Group, which will be accretive as they got this at a bargain price. Owns this through Power Financial (PWF-T).

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Acquired Irish Life Group, which will be accretive as they got this at a bargain price. Owns this through Power Financial (PWF-T).

HOLD
HOLD
February 5, 2013

(Market Call Minute.) It’s a complicated business down in the US and they are struggling with it.

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Great West Lifeco (GWO-T)
February 5, 2013

(Market Call Minute.) It’s a complicated business down in the US and they are struggling with it.

TOP PICK
TOP PICK
January 18, 2013

With this lifeco, your dividend is solidly and safely covered. 4.84% yield. He is looking for stocks that are cheap with a good yield for the coming year. Wouldn’t be surprised if it got 15%-20% higher from here.

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Great West Lifeco (GWO-T)
January 18, 2013

With this lifeco, your dividend is solidly and safely covered. 4.84% yield. He is looking for stocks that are cheap with a good yield for the coming year. Wouldn’t be surprised if it got 15%-20% higher from here.

DON'T BUY
DON'T BUY
January 8, 2013

(Market Call Minute.) Wake him up when it is all over. Just can’t get fired up on the lifecos right now.

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(Market Call Minute.) Wake him up when it is all over. Just can’t get fired up on the lifecos right now.

TOP PICK
TOP PICK
November 5, 2012

Preferred Series R, 4.8%. A recent new issue. It will be sometime before it is called. A perpetual. Has the 2017 and then being $26 reduces down to $25 by 2021.

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Great West Lifeco (GWO-T)
November 5, 2012

Preferred Series R, 4.8%. A recent new issue. It will be sometime before it is called. A perpetual. Has the 2017 and then being $26 reduces down to $25 by 2021.

DON'T BUY
DON'T BUY
October 23, 2012

Great West Life (GWO-T) or Power Financial (PWF-T)? He is out of this space completely. They need higher interest rates and he doesn’t see them going up anytime soon.

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Great West Lifeco (GWO-T)
October 23, 2012

Great West Life (GWO-T) or Power Financial (PWF-T)? He is out of this space completely. They need higher interest rates and he doesn’t see them going up anytime soon.

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