COMMENT
Why has it dipped lately? Not sure. Could be a wider market sell-off or profit-taking. WSP is the best in this space. The stock has done quite well. Maybe buy it on weakness.
DON'T BUY
She's never been interested in this; not a strong growth name and it's in a competitive space. There are better growth names in secular growth industries. Doesn't know why it pulled back lately.
BUY ON WEAKNESS
She used to own it for years. She's waiting for it to fall below $100 to re-enter. It used to trade at a discount to peers, but now more than its peers.
WATCH
They have a great portfolio of high-end cosmetics. The PE is a high 32x. They do well in China. It's on her watch list. If the valuation declines, she'll consider it.
COMMENT
Metro vs. Empire She owns Loblaw instead. The sector is defensive, so it's done well this year. She likes Shoppers Drug Mart, hence Loblaw, for its cross-selling via their Optimum rewards card. She prefers Metro of the two here, but thinks Loblaw is better.
BUY ON WEAKNESS
Will it bounce back quickly? All rails have pulled back over fears of a slowing economy. Shipping volumes in things like coal have slowed. Rails are soft industrials, meaning less cyclical than, say, mining. She's been buying on dips. Or you can hold onto it. Crude by rail will continue to benefit them. A well-run company that's investing in tech to increase efficiency.
BUY

Stock appreciation and dividend growth coming? It's an income stock and has been rangebound this year. In Ontario, the occupancy rate has declined (too much supply). Demand will catch up to supply eventually. They're well-positioned in a good industry driven by demographics (an aging population). There's room to grow. They gradually increase their dividend (4%).

BUY ON WEAKNESS
Yields 6.5% that will grow by 5-10% annually. She expects line 3 will get built. Meanwhile, they have a large ground transportation system. Their cash flow will grow. She's buying on pullbacks.
TOP PICK
It's not too late to enter this. Interest rates keep falling, which makes a great environment for alternative assets, which BAM manages. They're global in outlook, too. They just closed the Oak Tree Capital deal, focussed on credit strategies which is an area BAM wanted to get into. Oak Tree is very well-run. BAM is counter-cyclical. Trades at a reasonable valuation and is a fine long-term hold. (Analysts’ price target is $79.12)
TOP PICK
They have great content and will be streaming in November at an attractive $6.99/monthly. Their movies and parks still do well. Streaming offers a new growth platform. Trades at a good multiple. (Analysts’ price target is $154.96)
TOP PICK
One of the few pure water plays, testing water in North America and emerging markets. The latter are building their water infrastructure. In North America, they repair and upgrades which are rising. Also, they bought a smart-metering company that utilities can use to improve efficiency. Now is an attractive entry point with secular growth. (Analysts’ price target is $81.67)
BUY
Metro vs. Empire She owns Loblaw instead. The sector is defensive, so it's done well this year. She likes Shoppers Drug Mart, hence Loblaw, for its cross-selling via their Optimum rewards card. She prefers Metro of the two, but thinks Loblaw is better.
BUY

Pays a good yield. They invest in hard assets like toll bridges and are global. They're defensive which are doing well these days. She owns more of the Brookfield parent, but you can buy this for yield and start a position now.

PAST TOP PICK

(A Top Pick Oct 10/18, Down 5%) It's been a volatile year due to weather and trade war tensions, with US soy bean farmers exporting less to China. But NTR is cutting back on some of their potash mines to get demand-supply back in place. That said, NTR generates a lot of free cash flow and is increasing their 3.7% dividend, so you're paid to wait. They're also building out their retail network, which is less cyclical. Still likes it.

PAST TOP PICK
(A Top Pick Oct 10/18, Up 10%) Pays no dividend, so it's all price appreciation. The whole sector has struggled. It's the leading search engine, with 40% of all online advertising going to Google. They have a strong balance sheet. They have $167/share in cash, which means they're trading at 18x forward earnings. They're growing their topline by 20%. Waymo will launch, Youtube is strong, and their cloud division is growing. You can buy it now.