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Today, Mario Mainelli, CFA commented about whether TCN.TO, ABC, DLPH, CHR.TO, AAPL, MNW.TO, AFN.TO, BYD.TO, TCL.A.TO, CNR.TO, TOY.TO, BCE.TO, GUD.TO, PKI.TO, AXL, BNS.TO, NA.TO, AMZN, LULU, DIS, GIB.A.TO, GOOS.TO, SHOP.TO, TSLA, MSFT are stocks to buy or sell.
(Past Top Pick on Feb. 15, 2018, Up 29%) An acquisition last year accelerated their move into the Cloud which is higher growth. The market didn't appreciate this move until MNW announced a few solid quarters. Then it was announced a private equity company would acquire MNW. Currently, they're in a period where MNW can field other offers. He still holds it.
They have a massive amount of cash, repatriating a lot of it, and are doing a huge share buyback. They project strong growth in their services segment. Caveat: iPhones are still over 60% of what they make--how sustainable is this? Overall, you can do a lot worse than Apple. They've executed very well this past qurater. It won't hurt to own Apple.
It hasn't done well this year. A low-growth, low-multiple, high-dividend stock. They operate Jazz Airlines and recently lease regional planes--there's potential growth here. An overhang is whether Air Canada will cut Chorus out of its Jazz operations but that's locked into 2025. He thinks this is unlikely.