Portfolio manager at Signature Global Asset Management, CI Investments
Member since: Aug '18 · 120 Opinions
For an RRSP as a 2-3-year hold, vs. BAM Go with BAM. But he likes Granite--boasts a very strong balance sheet with low debt which protects them in a downturn. Or they can lever up their balance sheet and buy accretive assets.
Was a spin-out of MGM (the casino). They structure a master lease to this parent. These rents are bullet-proof. Cash flows within MGM are strong (from gambling), even if there will be a recession. You're buying good long-term cash flow, supported by an investment-grade tenant. Also, they can buy more quality assets, some within gambling, some outside, which leads to more accretion. Offers stability yet growth. Pays a 6.1% yield. (Analysts’ price target is $36.15)