There is a lot of debt but pretty stable assets. It is becoming increasingly difficult to build pipelines and they have them. They own pretty good franchises. Maybe a little overleveraged but it will be largely taken care of. Many US and international investors are taking money off Canada because of the stupid things our Government is doing.
Massive agricultural supplier. He is looking at it to buy. The issue is that the commodities they sell are under price pressure. Potash, that is the biggest part of the business, is interesting because goes through these periods that are great but now they have to fight for market share. There might be some stabilization now. One great business to keep an eye on.
What company do you prefer CN Rail (CNR-T) or TransCanada (TRP-T)? He likes both. Near term he likes a little more Transcanada (TRP-T) as it is an asset class that is in shortage now. CN Rail (CNR-T) took the cost cutting a little too far and is struggling a little but long term they are a great business.
What company do you prefer CN Rail (CNR-T) or TransCanada (TRP-T)? He likes both. Near term he likes a little more Transcanada (TRP-T) as it is an asset class that is in shortage now. CN Rail (CNR-T) took the cost cutting a little too far and is struggling a little but long term they are a great business.
(A Top Pick August 1/17 - Down 27%.). Has had a few issues. They run portfolio investments. Their problems only affect 10% of their businesses. He just picked up a little of this stock today as it is getting crazy how cheap it is now. A dividend yield now of 10%.