Amazing Canadian business. Numbers are spectacular. Relatively good multiple, especially compared to US peers. Big piece is they're going into the US by opening stores methodically. Next 2-3 years will be great. Stock's down on concerns of a consumer recession. Unique brand. Target demographic still employed.
Tricky. In a pension fund, you want to have a rail because they're incredible businesses. Can you replicate this business? No. Extraordinary pricing power. CNR has done a great job squeezing everything it can out of its infrastructure. A few years ago, CP had slightly cleaner story in terms of future profitability. CP now has the full continent and more upside.
In a pension fund, you want to have a rail because they're incredible businesses. Can you replicate this business? No. Extraordinary pricing power. CP now has the full continent and more upside than CNR. Would love to have a full position, but it's kind of expensive. He's waiting for a bad day to buy more.
He owns a starter position and would like to add. Market is skeptical, so you might be able to get it at a giveaway price. If you're building capex, the market's nervous. Coastal GasLink is massively over-budget, unlikely the company will build one of these again. Lots of project potential in eastern US through gas and infrastructure. Would be highly surprised if 6% dividend gets touched. Defensive.
Today's theme is simple, high-quality, essential businesses that don't need access to capital markets. If we have a slow market and you're accumulating shares as you go, you're compounding your investment. In the last 2 recessions no one has not paid their cell phone bill, it's the last thing to cut. Yield is 6.35%.
(Analysts’ price target is $65.53)Simple, essential business. Tanks outside oil sands that put oil into pipelines. Amazing part of the energy complex. Has decided not to grow, therefore no market pressure from increasing capex. Will maintain profit margin through a difficult, inflationary time and compound those income streams. Great way to enhance a portfolio. Yield is 6.24%.
(Analysts’ price target is $25.64)