Today, David Baskin commented about whether CSU-T, FIH.U-T, SJ-T, ENF-T, ATD.B-T, TFII-T, DIS-N, INTC-Q, META-Q, CCL.B-T, ATRL-T, V-N, IMO-T, CAR.UN-T, MRC-T, VIU-T, BNS-T, MG-T, SAP-T, T-N, GOOS-T, HLF-T, RSI-T, GS-N are stocks to buy or sell.
U.S. markets hit another all-time high today: 4.2% GDP growth in Q2. What's not to like? For the bears: we can't go from 4.2% GDP to negative instantly. Yes, there'll be a recession at some point, but he doesn't think it'll be soon. Maybe Canada is producing above capacity with a lack of truck and rail capacity with some inflationary pressure. Debt will bring the party to a close in both Canada and the U.S.--personal, government and corporate. Gradual increases in interest rates will eventually force people to wake up to the cost of their mortage. He warns people about debt. In good times, pay it down.
Has owned this for over 10 years. Subject to volatility due to the price of its raw material that they can't control. Dairy is a low-growth market. China's growth has been slower than hoped. He feels so-so about Saputo. Likes the management, but not the raw material. Food stocks never go out of fashion, so a good diversifyer in a portfolio, but it won't create fireworks for an investor.
Warning: You're in for the long term because it's very illiquid stock. A Hotel California where you check in anytime, but you can never leave. He loves this stock--great value. Companies like this either go private, is bought or it gradually rises in time. Trading at only half-book--incredible value.
The construction companies are difficult for investors. You can't tell how much money they'll make on a contract. Suppose they underbid or hit execution problems or a customer stiffs them? It's okay to own one of them in a portfolio, but no more. SNC is okay--has worldwide exposure but also carries geopolitical risk. It's riskier than most stocks he owns.