Briefly looked at MFC annual reports: since 2015 +50% in assets and equity, +80% revenue and triple net income- yet the stock is generally flat. Any ideas why? It looks like a bargain unless I am missing smth important.
Mr. Blair, Curious on your thoughts regarding Black Stone Minerals (BSM) and Viper Energy Partners (VNOM) which are stellar royalty companies paying out 10% and 9% respectively. They should do pretty well in inflationary environment as well.
I don't follow the royalty companies in Canada or the United States. They should do well in an inflationary environment nonetheless, but cash flows will suffer if commodity prices plunge (not expected by me). I did hold Freehold for many years but switched into CJ.TO based on my expectation Cardinal's dividends will outpace Freehold's.
Thanks a lot for this blog and your talks on COM's twitter spaces. It is incredibly enlightening. Because of your knowledge sharing, I am reading and watching Aswath Damodaran's Valuation related book and Youtube videos.
I keep tobacco stocks for the same purpose - good divvi and reliable income in any market climate (unless management does smth really stupid - which is possible of course). Play for me role of bonds for classical 40:60 portfolio (real bonds yield nothing today so I’m not buying them).
I am enjoying your commentary, and would love to see more income ideas. Keep up the great work.
Briefly looked at MFC annual reports: since 2015 +50% in assets and equity, +80% revenue and triple net income- yet the stock is generally flat. Any ideas why? It looks like a bargain unless I am missing smth important.
Their China exposure is what's dogging Manulife. You need to reassess geopolitical risk.
I see China as geopolitical opportunity. I buy when others are selling.
Mr. Blair, Curious on your thoughts regarding Black Stone Minerals (BSM) and Viper Energy Partners (VNOM) which are stellar royalty companies paying out 10% and 9% respectively. They should do pretty well in inflationary environment as well.
I don't follow the royalty companies in Canada or the United States. They should do well in an inflationary environment nonetheless, but cash flows will suffer if commodity prices plunge (not expected by me). I did hold Freehold for many years but switched into CJ.TO based on my expectation Cardinal's dividends will outpace Freehold's.
Thanks a lot for this blog and your talks on COM's twitter spaces. It is incredibly enlightening. Because of your knowledge sharing, I am reading and watching Aswath Damodaran's Valuation related book and Youtube videos.
I keep tobacco stocks for the same purpose - good divvi and reliable income in any market climate (unless management does smth really stupid - which is possible of course). Play for me role of bonds for classical 40:60 portfolio (real bonds yield nothing today so I’m not buying them).
Earnings miss on their Qtr, but yield will be too hard to ignore during the next market correction.