Today, Brian Madden commented about whether TCL.A-T, FNV-T, PXT-T, BCE-T, GOOS-T, ENB-T, TFII-T, ATD.B-T, CURLF-OTC, QBR.B-T, STN-T, MFC-T, LIF-T, NA-T are stocks to buy or sell.
New CEO. About as textbook a succession planning as you'll ever see. Louis Vachon leaves pretty big shoes. It's been the best performer of the big 6 banks under his tenure. New CEO has been the COO, career NA employee for 23 years, digitally savvy, ran capital markets, known to the board and investors. Business as usual under his watch.
Good operator. Serial acquirer, and he's not averse to this. Went sideways for a while. Last 8-9 quarters, meaningfully beating estimates. Now back in gear. This space is advantaged by big US infrastructure spending. A bit of ahead of itself. ROE is about 13%. You could buy on a meaningful pullback. Not his favourite horse in the sector, which is SNC.