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Not one he follows or would own right now. This provides construction services to Western Canada with schools, hospitals, sports arenas, high-rises, etc. It also has exposure to the energy business. Even if energy prices have something of a rebound, the suppliers are going to lag considerably. If you are looking for a play on energy and Western growth, he would look at the commodity, producers and suppliers further down the chain.
An E solutions provider for electronic commerce, and allows for payment processing. Thinks there is going to be a growing demand for financial technology for FinTech companies. Although he doesn’t own this, you are in the right sector and the right space. Expects there will be a continued demand for sectors and companies where Canada has some of the best growth stories.
One of Canada’s largest banks. A funny one in that it always seems to stub its toe. All Canadian banks have pulled back because of concerns about exposure to the energy space. This is one of the most exposed. Pays a pretty strong dividend. It will be able to fully participate in Canada’s growth, but they do have a tendency to have something happen to them. Expects there will be more volatility than many of the others, but less exposure to the energy sector. Not a bad choice.
It has a lot of issues. It has the whole US system that is focused on the drug sector. The basic model was to take over drugs and patents, and to repurpose them or at least reprice them to higher levels. There is an immense amount of debt. When regulators smell blood, they circle and attack, and do not stop. Any sort of accounting irregularity never gets better.
The US has some possibilities for Canadian banks, but there is going to be a lot of volatility. A number of Canadian banks are going to be a lot more exposed to what goes on there in the next little while, whereas this one is a lot more international. Wait a few weeks to see what follows from the hurricane blowing over the Caribbean.
Like a lot of lifecos, this is one of the few ways that you can actually buy a stock that has some possibility of doing well if interest rates go higher. If there is any way that the Fed can figure out how to raise rates in December, they are going to. Another way to play this whole sector a little bit safer, is through Power Financial (PWF-T).
Market. Indexing or quasi-indexing is just not going to work. In the Canadian market, there are so few stocks to choose from. With everybody in the newspapers, regulators and media pushing everyone towards ETF’s, passive investing or Index investing, this is changing the means to have the efficient market hypothesis. What was perceived as a safer course of action, actually becomes a lot riskier. This applies to any sort of investment strategy; if everybody is doing it, you want to be doing something else.