Today, Allan Meyer commented about whether RBA-T, DDC-T, MG-T, TRP-T, IPL-T, GEI-T, ENGH-T, AC-T, CCR.UN-T, CLS-T, BBD.B-T, WPK-T, HR.UN-T, CPG-T, STB-T, VET-T, COS-T, T-T, CNR-T, HCG-T, BAM.A-T, BCE-T, BPF.UN-T, SU-T are stocks to buy or sell.
These guys are all going to be facing the same headwinds. He likes the return of capital as well as dividends. If we see rising interest rates they will be facing these headwinds. He is comfortable with the dividends and payments. It is a stable business with a high lease rate. A quarter to a half percent increase in rates will not do that much harm because their distribution is so high.
Markets. He runs conservative money for balanced portfolios. He focuses on a safety and value strategy. He is cautious because it is 6 years onto the bull market without corrections. He can justify current multiples on the market. Stay the course. He does not let his clients get out at the wrong time. If you can’t handle a 10% drop you should not be in the market. He sees increases in interest rates led out of the US. Canada might be slow to react due to oil prices. He is comfortable having more money into stocks at this point and he is getting out of bonds.