It has set aside $2.6 billion for the money laundering issues and this would be for the worse case scenario. This means that the uncertainty over the payout has gone which has caused the stock to rally. Also the U.S. regulatory board may constrict expansion in the U.S. but this could be good for TD since it would need to focus more in Canada.
It is struggling right now. It is a turn around opportunity but this is hard to do for tech companies. Turn around opportunities are better in the resource sector. It created 2 divisions but it hasn't worked that well. It has wanted a chip to compete with Nvidia. There is talk about splitting up the company.
The airline sector has come off again. Delta is the dominant carrier in Atlanta airport, the world's biggest airport and it is the least unionized airline. Also they own their own refinery and fuel is a big expense. It trades at 6X next year's earnings. Buy 21 Hold 1 Sell 0
(Analysts’ price target is $59.05)It is paying down debt at $200 million per year and is half-way through the process of paying off the total of $600 million. When debt is paid off and it is generating $200 million excess capital it can use this capital for dividends and share buybacks. As they approach this point we should see the stock price increase. It is worth about $450 million today. Buy 7 Hold 2 Sell 0
He has owned it for 20 years. It is the 6th largest bank in Canada but not trading at a discount to the big 5 now. In fact it is valued at second place behind Royal Bank so be wary. It hasn't been this expensive before. Banks tend to trade in a range. It bought Canadian Western Bank which is a good deal for both banks.