Today, Brian Madden commented about whether POT-T, IPL-T, RY-T, MFC-T, SHOP-T, ATD.B-T, CTC.A-T, WFG-T, MG-T, PD-T, ACQ-T, RCI.B-T, T-T, SJR.B-T, CLS-T, TWM-T, CPX-T, PPL-T, TCN-T, ENB-T, CPG-T, GMP-T, TOU-T, ECI-T, NA-T are stocks to buy or sell.
There is a short call on this one. Canada’s largest company and one of the largest banks in the world. It is the undisputed leader in wealth management. It is a leverage play on domestic banking. It has a 3.6% dividend that grows at 10% compounded. It should be a core part of any Canadian portfolio. (Analysts’ target: $108.00).
There is a big catalyst in front of them. They are about to make a decision on a propane dehydrogenation and polypropylene plant in the next quarter. Alberta is awash in propane so there is a glut. It has a 6.3% dividend. 80% of the business is underpinned with take or pay contracts. (Analysts’ target: $29.00).
(Market Call Minute) He likes it. It has a good global footprint. High ROE and a good capital return to shareholder strategy. If it has become outsized in your portfolio, don’t be shy about taking profits.