Insights

Today's Thoughts: MSGS Sports & Market Insanity Madison Square Garden Sports (MSGS) – Last week, Forbes published their most recent valuations on NBA teams. They now value the New York Knicks at $5.8 billion. Recall that MSGS owns both the Knicks and...

Today's Thoughts: Allied Properties Thinking of taking the boys to watch the salmon run tomorrow. If anyone knows of a good spot to watch that in the east end, please let me know. Allied Properties (AP.UN-T) – Scotia has a report out this morning naming...

Today's Thoughts: Optionality Two strangers are sitting next to each other on a long flight. Let’s say they are a man and a woman. The man asks the woman if she would like to play a fun game. The woman is tired and just wants to have a nap, so she politely...

Cash On The Side – I thought the chart below from the Bank of America fund managers’ survey was interesting. This is a survey where they ask institutional managers (people managing pension plans, mutual funds and hedge funds) how they have positioned...

Today's Thoughts: NTR Broke down and turned on the heat last night. October 18th isn’t too bad. Nutrien (NTR) – It’s been a good year for Nutrien. The stock is up (in US$ terms) 83% over the last 12 months and 51% so far in 2021. One of the main reasons...

Today's Thoughts: Energy Charts Energy – I thought this chart from Sentieo was interesting (if not a little hard to read). The y-axis here is the amount of money that a sample of 6 large US energy companies have spent on capital expenditures. Capital...

Today's Thoughts: Energy & Compounding Energy Tidbits – A few energy stories from this week that I thought were interesting: France is now halting the closures of some nuclear facilities and is proposing building new smaller reactors. The country is also...

Today's Thoughts: BAC's earnings and homes Bank of America (BAC) – Bank of America reported a very solid quarter this morning. Earnings per share came in at $0.85 versus expectations of $0.71 – the bank also beat revenue estimates with $22.8 billion (analysts...

Today's Thoughts: Sector Comparison RBC has a new tool out for Portfolio Managers and Investment Advisors that allows them to compare the makeup of the investments in their portfolios to benchmarks. So for example, I can compare how large our weighting...