Insights

Canadian Preferred Shares – One of these days, I’m going to figure out how to make charts look better in these e-mails. The chart below is the 1 year rate of return of three assets: In blue we have the NASDAQ in Canadian Dollar terms. It’s up 40%. In...

Today's Thoughts: Potash, Dogecoin & Climate Change Nutrien (NTR) – Last night, Nutrien announced that they are increasing their potash production guidance for the year by another 500 tonnes. This is on top of the increase they announced a couple of weeks...

Today's Thoughts: Hot Medical Science In a conversation on Friday, the name Theranos came up. Theranos was Silicon Valley’s hottest medical science company, except it was all a fraud. I continue to recommend John Carreyrou’s book Bad Blood which detailed...

Today's Thoughts: BAM & EVs Brookfield Asset Management (BAM) - Earlier this week, Brookfield announced a relatively small deal to buy a number of office towers in the Washington DC area. The seller is a US publicly traded REIT, called Washington Real...

Today's Thoughts: Fairfax & Elanco Fairfax India (FIH’U-T) – Last night Fairfax, India announced a substantial issuer bid for US$105 million. This means that the company is willing to buy back up to US$105 million worth of their own stock at a price of...

Two members of the team are getting their second vaccine doses today. My wife got her second dose yesterday, so I might be in and out of the “office” depending on how she's feeling. I get my second vaccine dose on Friday. My first dose was AstraZeneca...

The company continues to have a pristine balance sheet. If they wanted to they could essentially be debt free by early 2023. In conjunction with the acquisition, they also increased their dividend. Management continues to own over 20% of the outstanding...

Economist Presentation – Earlier this week I mentioned that RBC is having an event with its chief economist Eric Lascelles, I believe I had a typo in that email. The presentation is next Thursday at two o'clock. We have space available. If you would like...

Today's Thoughts: Non-US Stocks Non-US Stocks – Via Bespoke Investment, I see that the MSCI World Index Ex. US, which is the value of all the stocks in the world, minus anything based in the United States is very close to making a new all-time high today...