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
iwb21828 (July 30, 2018)
Summer doldrums? Not this year!… The Portfolio Effect… Richard Croft’s recommendations… Richard Croft updates Goldman Sachs… Glenn Rogers updates Nike Inc., Telefonica SA, Healthcare Sector SPDR Fund… Update on fund portfolios
iwb21827 (July 23, 2018)
Serbian mine focus of takeover bid… Stick with these long-time winners… Ryan Irvine updates Firan Technology… Gordon Pape’s updates: UnitedHealth Group, J.B. Hunt Transport… Your Questions: Index funds, TFSAs and U.S. real estate… Toronto Money Show… Correction
iwb21826 (July 15, 2018)
Mutual funds still worth considering… Investing in the Space Force… Glenn Rogers updates Walt Disney, Boeing… SoftBank is undervalued…… Gordon Pape updates Hydro One, JPMorgan Chase… Paul Bamford updates Bombardier preferreds… Your Questions: HIVE shares and a 7% return
iwb21825 (July 9, 2018)
Trade war escalates Enbridge continues recovery… Safe ways to invest in emerging markets… Adam Mayers’s emerging markets picks… Adam Mayers updates Microsoft… Gordon Pape updates McKesson Corp…. Paul Bamford’s preferred share updates: George Weston Series 3, Bombardier Series 4
Recent Updates
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.
Berkshire Hathaway (NYSE: BRK.B)
Berkshire is a giant conglomerate holding company, with hundreds of operating subsidiaries and huge stock investments.
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.