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
iwb22020 (May 25, 2020)
Going green… Global brands have enduring appeal… Adam Mayers updates McDonald’s, Yum! Brands, Restaurant Brands International… Resilient Disney can rebound… Gordon Pape updates Walmart, Target, Suncor Energy… Your Questions: U.S. cash; Stock market liquidity; Building a portfolio… Members’ Corner: Buying bonds… June webinars – Crisis Investing 2.0
iwb22019 (May 11, 2020)
Is it bargain-hunting time?… Opportunities in dark times… Glenn Rogers updates Boeing, Electronic Arts, Crown Castle, Axon Enterprises, General Electric… Gordon Pape updates TC Energy, Enbridge, BCE, Whitecap Resources, Vermilion Energy… Your Questions: Transfers; Contributions… Members’ Corner: Silver
iwb22018 (May 4, 2020)
More Cornerstone stocks… Energy and financials: the impact of COVID… Gavin Graham updates bank stocks… Low-Risk Portfolio disappoints… Gordon Pape updates JPMorgan Chase, Shaw Communications, Gilead Sciences… Your Questions: Corporate bonds, Green bonds
iwb22017 (April 27, 2020)
Cornerstone stocks… REIT carnage… The bust without a boom… Gordon Pape updates CAE, AT&T… Gavin Graham updates InterRent REIT… Help for small businesses… Your Questions: Sitting in cash; RRIF relief… Members’ Corner: Power Financial Preferreds
Recent Updates
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.
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.
iShares S&P 500 Growth ETF (NYSE: IVW)
The iShares S&P 500 Growth ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics. The fund was launched in May 2000 and has almost $73 billion in assets under management. It has a low management expense ratio of 0.18.