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Hasn’t owned this for a very long time. Has never had a really good feel for this over the years. It had very high expenses which has hurt its margins over the years, more so than any of the other Canadian banks. It tends to lag. His preference is Toronto Dominion (TD-T), Bank of Nova Scotia (BNS-T) and Royal Bank (RY-T).
Has had a really disastrous time with a big drop as of late. Although obesity is a major issue globally, this company is having a large amount of walking away from the program, larger than expected. Their push into the Internet online space is not working. Also, a lot of their fast-growing segments of their specific products have not been selling as well as they had expected. Interesting where it is, and he would take a better look at it right now.
Wal-Mart (WMT-N) or Amazon.com (AMZN-Q)? 16 PE ratio. The reason Amazon has a sky high PE is because they don’t have any earnings at the moment. Of the 2, Amazon would be his preference. It is one of his favourite names. One of the best moves he has ever done is moving away from old retail to new retail.
Wal-Mart (WMT-N) or Amazon.com (AMZN-Q)? 900 PE ratio. The reason this one has a sky high PE is because they don’t have any earnings at the moment. Of the 2, this would be his preference. This is one of his favourite names. One of the best moves he has ever done is moving away from old retail to new retail. Visionary management.
This is best known for the radiofrequency devices inside the Apple (AAPL-Q) iPhone, as well as many other hand sets. The one year revenue on this company is up about 100%. There was a pullback about 3 weeks ago, but then it is kind of rolling over again. With names like this, those are your opportunities, and you need to be ready to Buy it in those cases. Valuation concerns him, but he loves having Stops that allow him to let these valuations soar.
An ETF with low volatility for a portfolio? The go to app for him has been this one. He would also accompany this with a US one if you can do so. On low volatility ETF’s, the underlying names are usually excellent, defensive, dividend paying and the kind of names you want. Also, you are not going to get bumped off because of volatility.
An opportunity to pick up a pretty good name that has done a sideways move for some time. Millennials (generation Y) are taking to the name. The company is able to price what they want because consumers believe they are getting good value for their money and the quality is very high. Store count is around 1600 in the US, which he thinks is a very low concentration, considering what they have ahead of them. This doesn’t even consider what they are doing internationally.
Brands include Corona, Jackson Triggs, Modelo, Robert Mondavi, etc. A very, very defensive name. Yield is only 1.06%, but the CEO indicated he would probably look to increase that over time. They are really knocking it out of the park in all of their verticals and doing extremely well in vodka and whiskey. They’re undergoing an expansion into tequila and craft beer. Now that it is paying a dividend, it is going to be on a lot more people’s radar.
