Power Corp (POW-T)

Major conglomerate.
Prefers to own individual companies in insurance etc.
If shares prices fall below $40 - good time to buy.
Good brands within company. 

His preference is for quality. He likes POW for dividend growth and share buybacks. A smaller asset manager might have higher return potential because it has more volatility, but POW will give him a higher Sharpe ratio over the long term because it's not as volatile. Closing gap to NAV. Ideal asset manager to park your money in. Owning POW makes it easier to monitor the subsidiary pieces. Yield is around 6%.

High quality. Diversified in financials, industrials, energy, and utilities. Solid, stable for the long term. Insurance, wealth management, investing. Strong management. 9x earnings vs. TSX at 13.9x earnings, but profitability in line with TSX. Strong balance sheet. Yield is 5.6%.

The stock is worth $45 if you add up all the parts and consider higher bond yields. Pays a dividend of 6%.

EPS of 77c missed estimates of 93c. Revenue was $13.47B. Losses in the alternative investment platform drove the miss. Still, NAV per share continues to increase. EPS per share rose 12c from last year. After years of weak growth, EPS growth is expected to pick up nicely over the next 24 months. The stock is cheap at 9X earnings and is doing well this year. We think it is buyable for income and some growth.
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Essentially a conglomerate. Derives majority of its value from its equity stakes in GWO and IGM. Typically trades at a 20-25% discount just because of its structure, and this is hard to do away with. He really likes GWO.

Owns shares in portfolio.
Trades on a NAV basis - currently trading at 24% discount.
Diversified business.
~5% yield is strong.
Good for shareholders looking for yield.

Very cheap at 7.5x 2024 earnings, 14% estimated growth rate. Insurance companies do well in the current environment. Underlying businesses are good. Own a name like this and get a really nice dividend. Won't hurt you from here.

His preference to owning its subsidiaries. Simplified company structure. Pretty nice dividend, just over 6%. Longer term, you can hold this one. Discounted price makes it a buying opportunity.

Lots of potential, good balance sheet. Nice dividend. FMV is excellent. Needs a catalyst. Yield is 5.3%.

Good growth in insurance, an industry which took a hit during Covid due to the rise in mortalities. This is fading away. Pays a 5.3% dividend, better than the banks.