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
iwb22319 (May 15, 2023)
Utilities recover… A recession with high oil prices?… Gavin Graham likes Chevron… Gavin Graham updates Cameco, First Quantum Minerals, Canadian Natural Resources, Empire Company… Gordon Pape updates Thermo Fisher Scientific… Your Questions: Buy Topicus?
iwb22318 (May 8, 2023)
TD calls off First Horizon deal… Trucking stocks pull back… Why spin-offs add value for investors… McDonald’s, RBI hit new highs… Gordon Pape updates Norfolk Southern, Pfizer… Your Questions: Royalty trusts
iwb22317 (May 1, 2023)
Tech turnaround… Play defence with healthcare… Glenn Rogers updates Teck Resources, Xylem Inc., Consumer Staples Select Sector SPDR ETF, Health Care Select Sector SPDR Fund, Rivian Automative… Gordon Pape updates TC Energy… Your Questions: Return of capital
iwb22316 (April 24, 2023)
Investing in tough times… Earnings in a slow-growth environment… Richard Croft picks Paramount Global… Richard Croft updates e.l.f. Beauty Inc., Goldman Sachs, BMO Covered Call Canadian Banks ETF, BMO S&P/TSX Equal Weight Banks Index ETF… Gordon Pape updates UnitedHealth Group, ExxonMobil… Your Questions: Too much cash flow… Members’ Corner: Shiller p/e
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.