One of the most important principles of sound investment management is staying on top of what’s happening in the world and how those events affect finances. Conditions change quickly, and keeping up-to-date on developments and trends can be challenging. The team of experts producing IWB have been advising Canadian investors for over 25 years.
Edited and Published by Gordon Pape. Associate Editor: Richard Croft
With Gavin Graham, Ryan Irvine, Glenn Rogers, Shawn Allen, Adam Mayers, Paul Bamford & Michael Corcoran.
Recent Issues
iwb22323 (June 19, 2023)
Buy and Hold setback… Inflation cools less than expected… Richard Croft updates Premium Income Corp., First Trust Dow Jones Internet Index Fund, Global X U.S. Infrastructure Development ETF… Gordon Pape’s ETF updates: BMO Low Volatility Canadian Equity ETF, BMO Low Volatility International Equity Hedged to Canadian Dollar ETF, CI First Asset Canadian REIT ETF
iwb22322 (June 12, 2023)
Don’t laugh at emerging markets… AI could be a game-changer – or not… Glenn Rogers updates Palo Alto Networks, Devon Energy, Airbnb, Cheniere Energy, Roku… Gordon Pape updates Okta Inc., American Water Works, Canadian Utilities
iwb22321 (June 5, 2023)
Even Buffett likes AI… Quality trumps value in the long run… Shawn Allen updates Canadian Tire, Starbucks, Linamar… Big box stores diverge… Gordon Pape’s ETF updates: iShares USD Green Bond ETF, iShares Core S&P/TSX Capped Composite Index ETF
iwb22320 (May 29, 2023)
The diversification challenge… Three small-cap winners… Gordon Pape updates Stryker Corp., CAPREIT, Telus, Apple… Gavin Graham updates Winpak… Your Questions: RRSP mortgage
Recent Updates
Canadian National Railway (TSX: CNR, NYSE: CNI)
CNR operates across Canada and south through Chicago and Memphis to the Gulf of Mexico. Most of its revenue (69%) is from Canada and the rest is from the US. About 35% of its revenues relate to overseas traffic, while 65% represents freight moving within North America.
Berkshire Hathaway (NYSE: BRK.B)
Berkshire is a giant conglomerate holding company, with hundreds of operating subsidiaries and huge stock investments.
Dollarama (TSX: DOL)
Dollarama has 1,719 stores in Canada. Its highly profitable business model includes directly sourcing its products at low cost, generally from Asia, and from China in particular. All stores are company-owned and operated in leased premises. It also owns 60% of the fast-growing 752-store Dollarcity chain, with established locations in Colombia, El Salvador, Guatemala, and Peru. Dollarcity recently opened its first eleven stores in Mexico.
lululemon Athletic (NDQ: LULU)
The fact that its products are proprietary, along with its strong brand reputation, allows lululemon to sell at very lucrative margins. Its gross margin of 54% equates to a markup over costs of 117%!
It now has 811 company-operated stores in 23 countries. The locations of the stores are 47% in the US, 21% China, 9% Canada, 14% in Asia Pacific, 6% in Europe and the Middle East, and 3% in Mexico. Close to half of its revenue is now derived from online direct-to-consumer sales.
iShares Russell 2000 ETF
IWM is an ETF designed to track the investment results of the Russell 2000 Index. The underlying index is the most widely followed benchmark for small‑cap equities.