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
iwb22311 (March 20, 2023)
Life imitates art… Swimming naked… Glenn Rogers updates BWX Technologies, e.l.f. Beauty Inc., Ford Motor Co., Sabre Corp., The Boeing Company… Deposit insurance needs a boost… Gordon Pape updates BCE
iwb22310 (March 13, 2023)
Stock buybacks – good or bad?… Rising interest rates are good for banks… Gavin Graham’s bank updates… Gordon Pape updates Fortis Inc., TFI International, Descartes Systems… Shawn Allen updates Stantec… Your Questions: RESP for grandchild
iwb22309 (March 6, 2023)
What if?… “Paying up” for reliable growth… Buy Dollarama… Shawn Allen updates Visa, Toll Brothers… Gordon Pape updates Target, Thermo Fisher Scientific, Stryker Corp… Your Questions: GAAP vs. non-GAAP… Last call for Ryan Irvine’s webinars
iwb22308 (February 27, 2023)
Growth shake-up… Markets are not cheap… Ryan Irvine update Firan Technology, Dynacor Group, Viemed Health Care, Boyd Group Services… Gordon Pape updates Walmart, The Home Depot… Your Questions: Buying mutual funds… Ryan Irvine’s March events
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.