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
iwb2919 (May 18, 2009)
Is the end in sight?… Glenn Rogers says get back into GE… Glenn Rogers updates STEC, Amazon, Monsanto… Stocks to own now: TransCanada Corp…. Updates: Kinross, Viterra, Potash Corp., Harbour Fund… Your Questions: Bond bubble?
iwb2918 (May 11, 2009)
Bull or bear?… Are banks a buy?… Tom Slee: Accounting upheaval ahead… Tom Slee’s updates: CN Rail, Burlington Northern, PepsiCo, Gildan Activewear… Stocks to own now: Canadian Utilities… Gordon Pape’s updates: Yellow Pages, Cameco… Members’ Corner: A real life success story
iwb2917 (May 4, 2009)
The impact of swine flu… Good news or bad?… Stocks to own now: Enbridge Inc…. DBRS move causes concern… Irwin Michael sees a new bull market… New picks: Cogeco Inc. and Cogeco Cable… Irwin Michael updates Morguard Corp…. MoneyLetter update: Gilead Sciences… Other updates: Fortis, RioCan REIT
iwb2916 (April 27, 2009)
Safety is more expensive … John Lawrence Reynolds on the Smith Manoeuvre… Stocks to own now: Fortis Inc…. Energy updates: EnCana, UTS, Suncor… RRIF confusion … Your Questions: Kindles in Canada… Members’ Corner: Deposit insurance
Recent Updates
Telus Corp. (TSX: T, NYSE: TU)
Telus claims to be Canada’s fastest-growing national telecommunications company. The company provides a wide range of communications products and services, including wireless, data, Internet protocol (IP), voice, television, entertainment and video, and is Canada’s largest healthcare IT provider.
Hold
Loblaw Cos. Ltd. (TSX: L, OTC: LBLCF)
Loblaws owns the Shoppers Drug Mart chain and PC Financial, which offers banking services. It also sells clothing under the Joe Fresh name. Loblaws brands include President’s Choice, No Name, Exact, No Frills, Provigo, Valu-Mart, Fortino’s, and Real Canadian. It is 53% owned by George Weston Ltd.
Hold
WSP Global (TSX: WSP, OTC: WSPOF)
WSP is an international engineering and design firm that provides a wide range of services, from urban planning to environmental remediation. Based in Montreal, the company employs approximately 54,000 people, including engineers, technicians, scientists, architects, planners, surveyors, and environmental specialists, as well as other design, program and construction management professionals. It has more than 500 offices across 40 countries, on five continents.
WSP has seen strong gains over the years. It’s up another 12% this year. And the stock is up 1,187% since the original recommendation in 2012.
Hold
Canadian Tire Corp. (TSX: CTC.A, OTC: CDNAF)
In addition to its 503 dealer-operated Canadian Tire stores, CTC also owns and directly operates Mark’s, with 383 stores, and 354 sports stores (SportChek, Sports Expert, Atmosphere, Athlete’s World, and others). As well, it has 279 gasoline bar locations, plus PartSource, Party City, and Pro Hockey Life, which total 169 stores.
Canadian Tire, through its bank subsidiary is also a large MasterCard issuer with 2.3 million active credit card holders with average account balances of $3,224 each. That’s $7.4 billion in credit card receivables.
Hold
Dollarama (TSX: DOL)
Dollarama has 1,570 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 and are in leased premises. It also owns 60% of the fast-growing 547-store Dollar City chain with locations in Colombia, El Salvador, Guatemala, and Peru. Dollar City recently opened its first store in Mexico.