Power Corp | StockChase
356
Power Corp (POW-T)

Last Price Recorded: $30.5900 on 2018-06-20

ON STOCKCHASE SINCE Oct 2000

Owned by Demaris family, Control Great West/Invs Grp

mngmnt/diversified
356
Power Corp (POW-T)

Last Price Recorded: $30.5900 on 2018-06-20

ON STOCKCHASE SINCE Oct 2000

Owned by Demaris family, Control Great West/Invs Grp

mngmnt/diversified

Power Corp


Signal Opinion Expert
TOP PICK
Power Corp(POW-T) 

June 12, 2018

This is a family-owned empire. Control has changed and they have cut loose their newspaper and are talking about doing interesting new things with their assets, including consolidating their European assets which valued at $0 by the street. The stock trades at about 80% of its net asset value. It is inexpensive in absolute terms and in comparison to its historical valuation, and poised for growth. Rising bond yields will boost their earnings of the Power Financial companies. The dividend yield is high, with very little risk. (Analysts' price target is $33.69)

mngmnt/diversified

This is a family-owned empire. Control has changed and they have cut loose their newspaper and are talking about doing interesting new things with their assets, including consolidating their European assets which valued at $0 by the street. The stock trades at about 80% of its net asset value. It is inexpensive in absolute terms and in comparison to its historical valuation, and poised for growth. Rising bond yields will boost their earnings of the Power Financial companies. The dividend yield is high, with very little risk. (Analysts' price target is $33.69)

mngmnt/diversified
David Baskin

President, Baskin Wealth Manage...

Price Price
$30.540
Owned Owned
Yes

HOLD
Power Corp(POW-T) 

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.

mngmnt/diversified

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.

mngmnt/diversified
Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$28.270
Owned Owned
Unknown

COMMENT
Power Corp(POW-T) 

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%.

mngmnt/diversified

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%.

mngmnt/diversified
Norman Levine

Managing D, Portfolio Management...

Price Price
$30.230
Owned Owned
Unknown

COMMENT
Power Corp(POW-T) 

February 16, 2018

Power Corp vs Power Corp Preferred Shares. The preferreds are yielding a similar value (near 5%). However, you can benefit from rising dividends with the common stock, which had previously been increasing twice a year prior to the financial crisis. Yield 4.98%

mngmnt/diversified

Power Corp vs Power Corp Preferred Shares. The preferreds are yielding a similar value (near 5%). However, you can benefit from rising dividends with the common stock, which had previously been increasing twice a year prior to the financial crisis. Yield 4.98%

mngmnt/diversified
Norman Levine

Managing D, Portfolio Management...

Price Price
$30.230
Owned Owned
Unknown

COMMENT
Power Corp(POW-T) 

February 13, 2018

She holds Power Financial, which is part of the same family. She thinks the dividend, around 4%, is very safe. Looking at the underlying businesses, Great West Life has performed well but Investors’ Group is going through a change with move to ETFs. POW is working through this. It generally trades at a discount to the net asset value of its underlying companies. The discount is now around 19% compared to a typical level of 10%. This indicates that the market would rather own the underlying companies directly rather than through a large conglomerate.

mngmnt/diversified

She holds Power Financial, which is part of the same family. She thinks the dividend, around 4%, is very safe. Looking at the underlying businesses, Great West Life has performed well but Investors’ Group is going through a change with move to ETFs. POW is working through this. It generally trades at a discount to the net asset value of its underlying companies. The discount is now around 19% compared to a typical level of 10%. This indicates that the market would rather own the underlying companies directly rather than through a large conglomerate.

mngmnt/diversified
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$29.830
Owned Owned
No

COMMENT
Power Corp(POW-T) 

February 13, 2018

Waiting for Desmarais kids to do something transformative with their father's business. Growing impatient with them, but still own it.

mngmnt/diversified

Waiting for Desmarais kids to do something transformative with their father's business. Growing impatient with them, but still own it.

mngmnt/diversified
David Baskin

President, Baskin Wealth Manage...

Price Price
$29.830
Owned Owned
Yes

COMMENT
Power Corp(POW-T) 

January 23, 2018

Over the last number of years, this has traded in this range, and hasn't moved a whole a lot. The bulk of this is coming from Power Financial, which is their exposure to Great West Life (GWO-T) and Investors Group. They have other interests as well. From a dividend point of view this is a safe stock to own. You are going to lose a whole lot of money by owning this company, but in terms of upside, they have not shown that they have been able to generate any sort of catalytic reason for the stock to accelerate. Dividend yield of 4.5%.  

mngmnt/diversified

Over the last number of years, this has traded in this range, and hasn't moved a whole a lot. The bulk of this is coming from Power Financial, which is their exposure to Great West Life (GWO-T) and Investors Group. They have other interests as well. From a dividend point of view this is a safe stock to own. You are going to lose a whole lot of money by owning this company, but in terms of upside, they have not shown that they have been able to generate any sort of catalytic reason for the stock to accelerate. Dividend yield of 4.5%.  

mngmnt/diversified
Michael Sprung

President, Sprung Investment Ma...

Price Price
$32.170
Owned Owned
Unknown

DON'T BUY
Power Corp(POW-T) 

January 11, 2018

Feels the problem over the last decade or so, is that they used to sit on cash and then jump at opportunities, but haven't really been jumping at acquisitions recently. There hasn't been any growth in the mutual fund industry or even at Great West (GWO-T). In 2009, the dividend was at $1.40, and stayed at that until 2015 when they raised its to $1.49. The average growth rate of the dividend over the last 5 and 10 years has only been 5%. He would avoid this.

mngmnt/diversified

Feels the problem over the last decade or so, is that they used to sit on cash and then jump at opportunities, but haven't really been jumping at acquisitions recently. There hasn't been any growth in the mutual fund industry or even at Great West (GWO-T). In 2009, the dividend was at $1.40, and stayed at that until 2015 when they raised its to $1.49. The average growth rate of the dividend over the last 5 and 10 years has only been 5%. He would avoid this.

mngmnt/diversified
David Driscoll

President , Liberty Internationa...

Price Price
$32.380
Owned Owned
No

HOLD
Power Corp(POW-T) 

December 13, 2017

Has minimal exposure to this. A 4%+ dividend is a fairly attractive place to have some money parked. Doesn't see any significant downside.

mngmnt/diversified

Has minimal exposure to this. A 4%+ dividend is a fairly attractive place to have some money parked. Doesn't see any significant downside.

mngmnt/diversified
Michael Sprung

President, Sprung Investment Ma...

Price Price
$32.350
Owned Owned
Yes

SELL
Power Corp(POW-T) 

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.

mngmnt/diversified

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.

mngmnt/diversified
Kash Pashootan

Sr. VP & P, First Avenue Advisor...

Price Price
$32.410
Owned Owned
Unknown

COMMENT
Power Corp(POW-T) 

November 27, 2017

Most people value this on a NAV basis, which means you take its ownership in Power Financial (PFC-T) and come up with a NAV. The reason to stick around is that it has always traded at a discount to NAV, and continues to trade at a deep discount to NAV. In the meantime, you get a big dividend. A good anchor for your portfolio. If looking for a non-bank investment, this one is good. 4.3% dividend.

mngmnt/diversified

Most people value this on a NAV basis, which means you take its ownership in Power Financial (PFC-T) and come up with a NAV. The reason to stick around is that it has always traded at a discount to NAV, and continues to trade at a deep discount to NAV. In the meantime, you get a big dividend. A good anchor for your portfolio. If looking for a non-bank investment, this one is good. 4.3% dividend.

mngmnt/diversified
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$32.870
Owned Owned
Yes

PAST TOP PICK
Power Corp(POW-T) 

November 14, 2017

(A Top Pick Oct 13/16. Up 21%.) His thesis is that the basic business is okay, and Paul Desmarais’s sons would reinvigorate the company after his death. He was wrong. No catalyst has emerged. However, prospects for insurance companies have improved somewhat, as interest rates have come up.

mngmnt/diversified

(A Top Pick Oct 13/16. Up 21%.) His thesis is that the basic business is okay, and Paul Desmarais’s sons would reinvigorate the company after his death. He was wrong. No catalyst has emerged. However, prospects for insurance companies have improved somewhat, as interest rates have come up.

mngmnt/diversified
David Baskin

President, Baskin Wealth Manage...

Price Price
$32.850
Owned Owned
Yes

HOLD
Power Corp(POW-T) 

October 30, 2017

The $33-$35 range is a little problematic. One thing that is positive is that there is some action about $32. The trend line below that is moving higher. It is going to run into resistance at about $35. There are some better names, but if you are in this, he wouldn't bail on it. If you notice in the next couple of weeks that the rest of the financials are going upwards, and this is not moving, you may want to jump out of this into one of the other financials.

mngmnt/diversified

The $33-$35 range is a little problematic. One thing that is positive is that there is some action about $32. The trend line below that is moving higher. It is going to run into resistance at about $35. There are some better names, but if you are in this, he wouldn't bail on it. If you notice in the next couple of weeks that the rest of the financials are going upwards, and this is not moving, you may want to jump out of this into one of the other financials.

mngmnt/diversified
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$32.860
Owned Owned
Unknown

COMMENT
Power Corp(POW-T) 

September 8, 2017

A well-run company. The yield is okay, but it doesn’t seem to be going anywhere. Either Power Financial (PWF-T) or Sun Life (SLF-T) are good alternatives. They have a little different asset mix than the banks. Yields are good, but maybe not good enough to justify them. They’ve not been increasing their dividends as fast as the banks.

mngmnt/diversified

A well-run company. The yield is okay, but it doesn’t seem to be going anywhere. Either Power Financial (PWF-T) or Sun Life (SLF-T) are good alternatives. They have a little different asset mix than the banks. Yields are good, but maybe not good enough to justify them. They’ve not been increasing their dividends as fast as the banks.

mngmnt/diversified
David Cockfield

Managing D, Northland Wealth Man...

Price Price
$29.740
Owned Owned
Unknown

SELL
Power Corp(POW-T) 

August 25, 2017

The challenge is that it is a holding company.  It is not easy to understand.  It is 114 in his model.  It has not shown up in his screening.  Cash flow growth has dropped off in the last year.  Consider alternatives.

mngmnt/diversified

The challenge is that it is a holding company.  It is not easy to understand.  It is 114 in his model.  It has not shown up in his screening.  Cash flow growth has dropped off in the last year.  Consider alternatives.

mngmnt/diversified
Robert McWhirte

President, Selective Asset Mana...

Price Price
$30.880
Owned Owned
No

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