Either Sun Life (SLF-T) or Manufacturers Life (MFC-T) is a good buy at this time. Good yield at 2.3%. Good earnings profile going forward going from $2.51 to about $2.80 this year and perhaps over $3 next year. Making very large inroads and strong market share gains in wealth management.
Price has been relatively strong within the income trust market. Cash flow is fairly predictable. The one overhang is that we are getting closer and closer to 2011.
Great cash flow. Located in Alberta, which is a great growth area. Good fundamentals and strong balance sheet. His only question is, are you being paid enough for the slight risk there is. 7% distribution.
Has been performing extremely well lately. It is over 3X book value right now. With earnings of $1.80 this year on a book value of about $10 (18%) it is a little bit expensive.
