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COMMENT

Amia bid by Air Canada – The re-purchase of Amia by Air Canada has a lot of points customers upset. Was it fair for Air Canada to buy them and not redeem all the previously earned air miles, only to bid for the company at a sizable discount? The unsolicited bid has driven up the Amia stock by 30%.

Unknown
COMMENT

Market. He does not see a recession soon, but it depends on interest rates and earnings. Thus far, 90% of companies are beating on earnings expectations. Tariffs could result in higher costs in things like automobiles and it is not yet clear how that may influence the economy.

Unknown
HOLD

The balance sheet is in good shape. They have been building new plants in Toronto and Vancouver and developing new markets in the UK. There is about 1.4 times debt to EBIDA, so there are no concerns.

other services
HOLD

This started as a Western Canadian focused REIT and has expanded into the US. Their payout ratio is a little higher than others, but overtime this is an investment that will pay well and he has faith they will work to lower the leverage on the balance sheet. Yield 8.4%.

property mngmnt / investment
HOLD

They recently reported very strong earnings and have good success in the cloud technology. He likes the dividend growth. The stock is getting more expensive, so it is a good hold here.

computer software / processing
DON'T BUY

This lumber distributor sells to the large retail outlets. He does not like their debt levels after an acquisition in the US and thinks this is holding the dividend from being increased. The distribution business is very competitive and he would prefer not to hold this.

wholesale distributors
RISKY BUY

The media sector is so competitive. They have a good network of radio stations as well. They cut the dividend by 60% a few weeks ago. The CEO is doing all the right things by selling off some assets. If you have longer term target and believe management can de-leverage itself, it may be a speculative buy.

entertainment services