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
iwb21609 (February 27, 2016)
First, do no harm… Ryan Irvine updates Enghouse Systems, Grenville Strategic Royalty, Merus Labs International… Gordon Pape’s updates: AT&T, J.B. Hunt Transport, MetLife, Wal-Mart, Lundin Mining… Your Questions: Portfolio results
iwb21608 (February 21, 2016)
Growth Portfolio hangs in… Glenn Rogers finds a cancer fighter… Glenn Rogers’s updates: Palo Alto Networks, FireEye, Shopify… Gordon Pape’s updates: BCE Inc., TransCanada Corp., CGI Group, PHN Short Term Bond and Mortgage Fund… Your Questions: Alimentation Couche-Tard, fixed income and taxes, bond funds
iwb21607 (February 14, 2016)
Will history repeat?… Coping with bear markets… Canadian banks ride the storm… Gavin Graham updates Royal Bank, TD Bank, Scotiabank… Gavin Graham assesses the Capstone takeover… Gordon Pape’s updates: Suncor Energy, Fortis Inc., TransForce Inc., American Express correction
iwb21606 (February 7, 2016)
The Alphabet see-saw… Understanding adjusted earnings… Shawn Allen?s updates: American Express, CN Rail… Gordon Pape?s updates: iShares Core S&P U.S. Total Market ETF, iShares Japan Fundamental Index ETF, iShares MSCI EAFE Index ETF, iShares MSCI Frontier 100 ETF, iShares Core S&P 500 Index ETF, iShares Core S&P/TSX Capped Composite Index ETF, Mawer Tax Effective Balanced Fund
Recent Updates
Pfizer Inc. (NYSE: PFE)
Pfizer is a leading international pharmaceutical company that can trace its history back more than 170 years. Its business units include Oncology, Inflammation & Immunology, Rare Disease, Hospital, Vaccines, and Internal Medicine. Pfizer was the first company (along with partner BioNTech) to have a Covid vaccine approved for general use. It has proven to be highly effective with minimal side effects. The company has also developed a drug to treat the virus.
Hold
Winpak Ltd. (TSX: WPK, OTC: WIPKF)
Winpak produces goods that are mainly used in the food and beverage and healthcare industries. Its modified atmosphere packaging is used to extend the shelf life of perishable products such as meat, poultry, and cheese as well as healthcare products. The majority of its sales are in North America.
Buy
Cameco Corp. (TSX: CCO, NYSE: CCJ)
Cameco is one of the world’s largest uranium producers, with mines at McArthur River and Cigar Lake in Saskatchewan and refineries in Ontario. As governments and investors have become more favourably inclined towards non-carbon emitting sources of baseload power such as nuclear in recent years, Cameco’s fortunes and its share price have revived.
Sell half
CGI Group (TSX: GIB.A, NYSE: GIB)
CGI is the fifth largest independent information technology and business process services firm in the world. The company, founded in 1976, delivers an end-to-end portfolio of capabilities, from IT and business consulting to systems integration, outsourcing services, and intellectual property solutions. It employs about 93,000 professionals in offices and delivery centres across the Americas, Europe, and the Asia Pacific region.
Hold
Bank of Nova Scotia (TSX, NYSE: BNS)
Scotiabank is the most internationally diversified of the major Canadian banks, with over 30% of its assets coming from its overseas operations, primarily what the bank describes as the three Pacific Alliance countries of Mexico, Peru, and Chile. It sold its subscale operations in Colombia, Panama, and Costa Rica to bank Davivienda in the first quarter in exchange for a 20% stake in Davivienda, taking a $1.4 billion impairment charge on the sale. Scotiabank has strengths in mortgage and corporate lending and wealth management and is usually the lowest cost operator amongst the major banks.