Today, Barry Schwartz commented about whether TAP-N, VIAB-Q, NP-N, TRP-T, KPT-T, QSR-T, KHC-Q, MDT-N, BRK.A-N, MG-T, XSR-T, CLS-T, BDGI-T, T-N, HR.UN-T, SBUX-Q, DIS-N, WCN-T, NWH.UN-T, ATRL-T, RCI.B-T, POT-T, CSX-Q, AIG-N, BA-T, NA-T, RY-T, SU-T, SLF-T, QCOM-Q, MX-T are stocks to buy or sell.
New CEO on Aug 1st. Do you think he is going to bring about any significant changes in direction for the bank? If it isn’t broke, he doesn’t know why anyone would make any changes. Thinks there is corporate culture in a lot of successful companies. A lot of things are sacrosanct and making changes would be a problem.
Started buying this a few months ago. Reported very good earnings last night and are buying back stock. Announced keeping their same strategy of slow and measured growth, but came out today and said that pricing was a little bit weaker than expected, so the stock did not react to the positive earnings. Trading at a deep discount to Book Value. Thinks they are creating shareholder value by Buying back stock at a discount. A lot more upside here.
Just raised the dividends. Quarterly earnings were kind of disappointing, but there are brighter days ahead. Have new 1-man trucks. Management is now focusing on trying to grow the business at a smarter approach with Enterprise Value to EBITDA. Giving it 12-18 months to turn it around. Still trades at a deep valuation, compared to the bigger waste management companies. Its Canadian business is amazing.
Walt Disney (DIS-N) or Starbucks (SBUX-Q)? Neither. He only likes recommending the companies that he owns and follows. However, these are wonderful, wonderful companies and if you were to hold them forever, you probably would do very, very well. He would prefer Tim Hortons (THI-T). Valuation is a lot cheaper and the Return on Invested Capital is amazing.
The company sells royalties for its 3G and 4G chips. The 5G is coming out soon. There is a big demand, big demand from Asia. What is happening is that they are not paying for these licenses, so they are in a protracted fight. Chinese have accused them of being a monopoly. It’s tough doing business in China. In the meantime it is a fantastic company, and the thesis is not going away any time soon. Smart phones are going to need upgrading and this company will get licensing revenue over time. Balance sheet is terrific and they are buying back stock. Dividend is going higher. This is a wonderful entry point. 2.3% dividend yield.