COMMENT
Emergency Measures Act in Canada. End goal is to choke off capital to the protestors. Unique test case for alternative financing via digital currencies. Will alternative avenues remain open? If yes, more regulations are in the cards, and it's another argument to ban them down the road.
Unknown
COMMENT
Inflation. Has knocked markets back considerably. The Fed has done an abrupt u-turn on interest rate hikes and trimming the balance sheet. Caught the market off guard. Every day, the inflation numbers seem to get worse. Fed is under pressure to act. It probably put too much capital into the system, and now it has to reverse course.
Unknown
COMMENT
Bright lights for investors. Three positives. GDP performance has been very strong in US and Canada. Unemployment has been strong for both countries. Reverse purchase agreements on the Fed balance sheet, used to prevent interest rates going below zero, could be unwound to easily trim the balance sheet.
Unknown
DON'T BUY
Avoid. Spectacular revenue growth, but cashflows and profits have remained very weak. Share price performance down around 80% from 52-week high. One positive is very strong balance sheet. Price to sales at 9x is a negative.
0
COMMENT
CDRs on the NEO Exchange. Canadian Depository Receipts. Covers about 25 of the largest companies in the US. A way for Canadians to own US assets without the currency risk, as well as own fractional units. Over time, there will be more of them.
Unknown
BUY
Life insurance in general is undervalued at 8-10x forward earnings. The players in Canada have strong dividend yields. EM focus in Asia and India. Earnings were somewhat disappointing. But longer term, a reasonable investment. His preference is GWO, with more of a mature market focus. See his Top Picks.
insurance
DON'T BUY
Traditionally, bonds were sold over the phone. This was inefficient. Their specialty is corporate bonds, but they do them all, domestic and emerging. Platform has been very successful, spectacular revenue growth. Business economics and balance sheet are phenomenal. Strong management. Problem is it's a tech company. Competitor has gained market share quickly. 2021 revenue growth muted. He's paused on the sector and this company.
Financial Services