The banks have been the dominant performers in the financial sectors. SLF-T has been under a lot of pressure along with the banks because of fears of exposure to the oil patch. LifeCos tend to do much better in a rising market because of their wealth management business. Insurance companies have been competing longer abroad than the banks.
One of North America’s largest distributors of renovation lumber. You won’t be too disappointed six months or a year from now. This is a correction.
His favourite of the banks. It is the most international of the Canadian banks. It did not expand to the US but to the Caribbean and South America as well as the rest of the world. This is a better bet for a longer term growth strategy.
He has owned this and LNR-T, but owned them early in the auto cycle. He just sold LNR-T in August. The auto cycle is long in the tooth. He prefers auto repair facilities.
(Top Pick Feb 13/15, Down 29.71%) He sold out before it went down. The auto sales are down. He is skeptical of the growth in the auto sector.
(Top Pick Feb 13/15, Up 29.69%) Convenience stores. They just bought a chain in Ireland. It has come a long way and done very well, but it still makes sense to buy it.
(Top Pick Feb 13/15, Up 32.94%) Used cars are doing better and better and these guys keep them on the road.
The banks have been the dominant performers in the financial sectors. SLF-T has been under a lot of pressure along with the banks because of fears of exposure to the oil patch. LifeCos tend to do much better in a rising market because of their wealth management business. Insurance companies have been competing longer abroad than the banks.