Avenue Investment Management
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Focused on the western part of the country and which is still going through a difficult economic period of time. It has had a decent couple of years as credit losses have been kept to a decent low. Their traditional business of lending with a flat yield curve is very difficult. He prefers TD-T and RY-T because they are doing the best with regards to investing.
Focused on the western part of the country and which is still going through a difficult economic period of time. It has had a decent couple of years as credit losses have been kept to a decent low. Their traditional business of lending with a flat yield curve is very difficult. He prefers TD-T and RY-T because they are doing the best with regards to investing.
(A Top Pick Oct 19/18, Down 40%) They garnered a higher multiple than the rest of the sector because of their European assets. They have transitioned more capital to North American assets. He sold because of its relative valuation and he switched to ARX-T. It has a 13.6% yield.
(A Top Pick Oct 19/18, Down 40%) They garnered a higher multiple than the rest of the sector because of their European assets. They have transitioned more capital to North American assets. He sold because of its relative valuation and he switched to ARX-T. It has a 13.6% yield.
It has been a fantastic global private equity business. They made a huge play at rolling up a lot of these industrial real estate portfolios across the world. They do all kinds of different asset allocations across the world. They announced they will convert from a partnership into a corp. so the share price increased due to anticipation of this being part of an index, thereby making all kinds of institutions need to own it because it is the index. He prefers ONEX-T to BX-N.
It has been a fantastic global private equity business. They made a huge play at rolling up a lot of these industrial real estate portfolios across the world. They do all kinds of different asset allocations across the world. They announced they will convert from a partnership into a corp. so the share price increased due to anticipation of this being part of an index, thereby making all kinds of institutions need to own it because it is the index. He prefers ONEX-T to BX-N.
BAD-T vs. GSY-T. BAD-T performed well and then there was a big short out on it. GSY-T was a payday lender that changed into a financial services company. Interest rates are incredibly high. They are investing in technology. The problem with it is that it is an unproven business model when economic times are bad.
BAD-T vs. GSY-T. BAD-T performed well and then there was a big short out on it. GSY-T was a payday lender that changed into a financial services company. Interest rates are incredibly high. They are investing in technology. The problem with it is that it is an unproven business model when economic times are bad.
BAD-T vs. GSY-T. BAD-T performed well and then there was a big short out on it. GSY-T was a payday lender that changed into a financial services company. Interest rates are incredibly high. They are investing in technology. The problem with it is that it is an unproven business model when economic times are bad.
BAD-T vs. GSY-T. BAD-T performed well and then there was a big short out on it. GSY-T was a payday lender that changed into a financial services company. Interest rates are incredibly high. They are investing in technology. The problem with it is that it is an unproven business model when economic times are bad.
They recently did a deal with AMZN-Q. This is overnight eCommerce packages to 14 different cities in Canada. This is the cleanest way to play eCommerce in Canada. Margins are close to 30% and they did a good job of expanding their fleet. AMZN-Q will be a shareholder. (Analysts’ price target is $114.91)
They recently did a deal with AMZN-Q. This is overnight eCommerce packages to 14 different cities in Canada. This is the cleanest way to play eCommerce in Canada. Margins are close to 30% and they did a good job of expanding their fleet. AMZN-Q will be a shareholder. (Analysts’ price target is $114.91)
Gold: buy micro-caps? It has seriously broken through $1,400. He plays it by owning Barrick, one of the best large-caps with good managers, and ROXG for its Burkino Faso mine. The micro-caps are too small for him; he prefers large-caps because they're more predictable. Barrick is his go-to gold stock.
Gold: buy micro-caps? It has seriously broken through $1,400. He plays it by owning Barrick, one of the best large-caps with good managers, and ROXG for its Burkino Faso mine. The micro-caps are too small for him; he prefers large-caps because they're more predictable. Barrick is his go-to gold stock.
In a recession? It pays a good dividend, but we're entering a part of the cycle that will pressure airlines. Air Canada has turned around very well which benefits CHR. (He owns Onex.) He is looking at Cargo Jet, which has a tailwind in shipping overnight parcels and teaming up with Amazon.
In a recession? It pays a good dividend, but we're entering a part of the cycle that will pressure airlines. Air Canada has turned around very well which benefits CHR. (He owns Onex.) He is looking at Cargo Jet, which has a tailwind in shipping overnight parcels and teaming up with Amazon.
He's long owned this, a great performer. Banks face headwinds, but TD trades at 10x earnings and pays a 4% yield. The banks can go lower in a weak economy, but the banks are long-term holds over 5-10 years. Stomach the volatility. You're paid to wait. Balance sheet is decent. TD (and RY) are investing in tech to keep up with the times.
He's long owned this, a great performer. Banks face headwinds, but TD trades at 10x earnings and pays a 4% yield. The banks can go lower in a weak economy, but the banks are long-term holds over 5-10 years. Stomach the volatility. You're paid to wait. Balance sheet is decent. TD (and RY) are investing in tech to keep up with the times.
MA vs. Visa He owns neither, though they have performed incredibly well. Don't buy them now in this part of the cycle. He likes American Express for its much-lower valuation, and have performed well, too, but buy that only on a big pullback.
MA vs. Visa He owns neither, though they have performed incredibly well. Don't buy them now in this part of the cycle. He likes American Express for its much-lower valuation, and have performed well, too, but buy that only on a big pullback.
Visa vs. Mastercard He owns neither, though they have performed incredibly well. Don't buy them now in this part of the cycle. He likes American Express for its much-lower valuation, and have performed well, too, but buy that only on a big pullback.
Visa vs. Mastercard He owns neither, though they have performed incredibly well. Don't buy them now in this part of the cycle. He likes American Express for its much-lower valuation, and have performed well, too, but buy that only on a big pullback.
Mastercard vs. Visa He owns neither, though they have performed incredibly well. Don't buy them now in this part of the cycle. He likes American Express for its much-lower valuation, and have performed well, too, but buy that only on a big pullback.
Mastercard vs. Visa He owns neither, though they have performed incredibly well. Don't buy them now in this part of the cycle. He likes American Express for its much-lower valuation, and have performed well, too, but buy that only on a big pullback.
