50% off Premium Yearly
Today, Greg Newman commented about whether QSR.TO, MFC.TO, TD.TO, CNR.TO, SGY.TO, RY.TO, CGX.TO, CVE.TO, PKI.TO, CPG.TO, ALA.TO, GE, IPL.TO, RUS.TO, ENB.TO, IFC.TO, AQN.TO, CHE.UN.TO, CSCO, WFC, BTE.TO, SPB.TO, EIF.TO, REI.UN.TO are stocks to buy or sell.
They had troubles with their franchises. A famous guy in the US disclosed recently that he shorted this stock. Management has done a good job turning around Burger King and Popeyes. Earnings growth 20% and trades at 18 times 2019. Way cheaper than its 4-year average. Nice and safe dividend yield of 3.3%. He thinks it is a winner. (Analysts’ price target is $85.52)
He thinks banks look cheap as a group. TD looks good compared to its peers with its more US focus. Very good balance sheet. Yield 3.7%. Nice growth. (Analysts’ price target is $81.84)