Power Corp | StockChase
349
Power Corp (POW-T)

Last Price Recorded: $31.9000 on 2018-01-18

ON STOCKCHASE SINCE Oct 2000

Owned by Demaris family, Control Great West/Invs Grp

mngmnt/diversified
349
Power Corp (POW-T)

Last Price Recorded: $31.9000 on 2018-01-18

ON STOCKCHASE SINCE Oct 2000

Owned by Demaris family, Control Great West/Invs Grp

mngmnt/diversified

Power Corp


Signal Opinion Expert
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 & CEO, Liberty Internationa...

PricePrice
$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...

PricePrice
$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 & Portfolio Manager, First Avenue Advisor...

PricePrice
$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 & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$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...

PricePrice
$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) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$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 Director, Northland Wealth Man...

PricePrice
$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 McWhirter

President, Selective Asset Mana...

PricePrice
$30.880
Owned Owned
No

HOLD
Power Corp(POW-T) 

August 24, 2017

He has POW-T for the yield.  91% of revenues is from life insurance.  You want to see rising yields in lifecos and you do with this one.  If interest rates continue to move higher it is beneficial. 

mngmnt/diversified

He has POW-T for the yield.  91% of revenues is from life insurance.  You want to see rising yields in lifecos and you do with this one.  If interest rates continue to move higher it is beneficial. 

mngmnt/diversified
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$30.860
Owned Owned
Yes

COMMENT
Power Corp(POW-T) 

July 21, 2017

This has got a nice yield and a huge upside potential from a Fair Market point of view. Trades at a beautiful discount to its BV. However, the market doesn’t seem to care. He likes the group and they are cheap.

mngmnt/diversified

This has got a nice yield and a huge upside potential from a Fair Market point of view. Trades at a beautiful discount to its BV. However, the market doesn’t seem to care. He likes the group and they are cheap.

mngmnt/diversified
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$29.890
Owned Owned
No

COMMENT
Power Corp(POW-T) 

June 23, 2017

The problem is that the market doesn’t recognize that this has good assets offshore, and they don’t like Power Financial (PWF-T) because of their emphasis on mutual fund sales. It is sort of in limbo. You only buy this on the basis of wanting a stock that has a safe dividend and a reasonable yield. Thinks this is just going to go sideways. You could probably do just as well by going to one of the banks or one of the insurance companies.

mngmnt/diversified

The problem is that the market doesn’t recognize that this has good assets offshore, and they don’t like Power Financial (PWF-T) because of their emphasis on mutual fund sales. It is sort of in limbo. You only buy this on the basis of wanting a stock that has a safe dividend and a reasonable yield. Thinks this is just going to go sideways. You could probably do just as well by going to one of the banks or one of the insurance companies.

mngmnt/diversified
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$29.250
Owned Owned
Unknown

COMMENT
Power Corp(POW-T) 

June 7, 2017

You are trading an upside appreciation opportunity, for a little better cash flow, compared to buying a Canadian bank. Pays a dividend of about 5% and trades at around 12X. Many Canadian banks are trading at around that same multiple, less dividend, but over the medium term you are going to see larger share price appreciation. He is not overly optimistic about mutual funds which is under their umbrella. He would rather own a Canadian bank.

mngmnt/diversified

You are trading an upside appreciation opportunity, for a little better cash flow, compared to buying a Canadian bank. Pays a dividend of about 5% and trades at around 12X. Many Canadian banks are trading at around that same multiple, less dividend, but over the medium term you are going to see larger share price appreciation. He is not overly optimistic about mutual funds which is under their umbrella. He would rather own a Canadian bank.

mngmnt/diversified
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$28.650
Owned Owned
No

SELL
Power Corp(POW-T) 

May 15, 2017

This is Power Financial (PWF-T) which is made up mostly of Great West Life (GWO-T) and Investors Group. Great West reported a very disappointing quarter, which is the main reason why this company is a little weaker. If you own, he would swap your holdings into Manulife (MFC-T) where there is more upside.

mngmnt/diversified

This is Power Financial (PWF-T) which is made up mostly of Great West Life (GWO-T) and Investors Group. Great West reported a very disappointing quarter, which is the main reason why this company is a little weaker. If you own, he would swap your holdings into Manulife (MFC-T) where there is more upside.

mngmnt/diversified
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$29.780
Owned Owned
No

COMMENT
Power Corp(POW-T) 

April 19, 2017

A business that gets revenue stream from multiple operating businesses. Not a rocket ship, just a slow steady performer. In financials, he would prefer focusing on US banks and capital market companies like Morgan Stanley (MS-N). They will give you better returns going forward. (See Top Picks.)

mngmnt/diversified

A business that gets revenue stream from multiple operating businesses. Not a rocket ship, just a slow steady performer. In financials, he would prefer focusing on US banks and capital market companies like Morgan Stanley (MS-N). They will give you better returns going forward. (See Top Picks.)

mngmnt/diversified
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$30.720
Owned Owned
No

COMMENT
Power Corp(POW-T) 

April 18, 2017

A really good company and in the right space. It is undervalued historically and now.

mngmnt/diversified

A really good company and in the right space. It is undervalued historically and now.

mngmnt/diversified
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$30.740
Owned Owned
Unknown

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