When buying stock, it is a good idea to try to pay at least a reasonable price for your stocks. Paying a price that is relatively high can affect your long term return for any stock.
The test I like best is the dividend yield test where you compare the current dividend yield to the historical and 10 year median dividend yields. What you want is the current dividend yield to be equal or high than the historical and/or 10 year median dividend yields. In stock that I follow, I have the historical and 10 year dividend median yields.
I like a positive dividend yield test to be confirmed by the P/S Ratio test. The P/S Ratio test is where the current P/S Ratio is lower than the 10 year median dividend yield. I do these tests for me because I have spreadsheets on the stocks I have and that I follow.
However, there are some simple ways to get information that is close. If you do a quote for a stock on Morningstar you can get the current dividend yield. On this site you can also get 5 year average "Trailing Dividend Yield %". You can compare these yields and get a good idea if the stock price is reasonable or not.
Take a look at Canadian Utilities Ltd (TSX-CU, OTC, CDUAF) on the Morningstar site. If you click on the "Dividends" tab, you will see a forward Dividend Yield of 4.96%. Below the 5 year average "Trailing Dividend Yield %", is 4.34%. Since the 5 year average is low than the current yield, the stock is probably selling at a reasonable price.
I like a positive dividend yield test to be confirmed by the P/S Ratio test. The P/S Ratio test is where the current P/S Ratio is lower than the 10 year median dividend yield. In stocks that I follow, I give the 10 year median dividend yield. If you do a quote for a stock on Morningstar you can get the current P/S Ratio for this comparison.
On my other blog I wrote yesterday about HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) ... learn more. Next, I will write about Reitmans (Canada) Ltd (TSX-RET.A, OTC-RTMAF) ... learn more on Friday, May 28, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, May 27, 2021
Tuesday, May 25, 2021
Globe and Mail Newsletters
I get some newsletters from Globe and Mail. One recent newsletter, a Investor’s newsletter gives a list of good Canadian Dividend Growth stocks. Here is the list:
Here are the S&P/TSX 60 Index stocks in all non-resource sectors with five-year annualized dividend growth of at least 7 per cent:
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Here are the S&P/TSX 60 Index stocks in all non-resource sectors with five-year annualized dividend growth of at least 7 per cent:
- Restaurant Brands International Inc. (QSR-T): 36.4 per cent dividend growth
- Canadian Pacific Railway Ltd. (CP-T): 20.5 per cent
- Alimentation Couche-Tard Inc. Class B (ATD.B-T): 20.3 per cent
- CCL Industries Inc. Class B (CCL.B-T): 19.1 per cent
- Canadian Tire Corp. Class A (CTC.A-T): 16.7 per cent
- Magna International Inc. (MG-T): 15.8 per cent
- Open Text Corp. (OTEX-T): 14.3 per cent
- Metro Inc. (MRU-T): 14.2 per cent
- Canadian Natural Resources Ltd. (CNQ-T): 13.1 per cent
- Power Corp. of Canada (POW-T): 12.4 per cent
- Enbridge Inc. (ENB-T): 11.7 per cent
- Manulife Financial Corp. (MFC-T): 11 per cent
- Algonquin Power and Utilities Corp. (AQN-T): 10 per cent
- TC Energy Corp. (TRP-T): 9.3 per cent
- Toronto-Dominion Bank (TD-T): 9.2 per cent
- Brookfield Asset Management Inc. (BAM.A-T): 8.8 per cent
- Dollarama Inc. (DOL-T): 8.3 per cent
- Emera Inc. (EMA-T): 8.3 per cent
- Sun Life Financial Inc. (SLF-T): 7.8 per cent
- Telus Corp. (T-T): 7.1 per cent
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, May 20, 2021
Buying for Capital Gains
In every bull market, you get new investors coming into the market to buy and sell stocks to earn capital gains. This can be easy in bull market. They may not win on all their trades, but generally do quite well. They think that they know about investing.
However, along comes a bear market and these new investors lose their shirts. In market corrections or bear markets, the market can plummet 20% to 50%. These new investors usually desert the stock market and often to never come back. This happens all the time.
Personally, I seldom buy a stock just for capital gains although I have done this with my throw away money that I have in the TFSA. I have a portfolio of dividend growth stocks. I know corrections and bear markets can be scary, but I also know that I am still going to collect dividends from my portfolio and my portfolio will recover because of the type of stock I own.
On my other blog I wrote yesterday about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more. Next, I will write about Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) ... learn more on Friday, May 21, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
However, along comes a bear market and these new investors lose their shirts. In market corrections or bear markets, the market can plummet 20% to 50%. These new investors usually desert the stock market and often to never come back. This happens all the time.
Personally, I seldom buy a stock just for capital gains although I have done this with my throw away money that I have in the TFSA. I have a portfolio of dividend growth stocks. I know corrections and bear markets can be scary, but I also know that I am still going to collect dividends from my portfolio and my portfolio will recover because of the type of stock I own.
On my other blog I wrote yesterday about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more. Next, I will write about Canadian Utilities Ltd (TSX-CU, OTC-CDUAF) ... learn more on Friday, May 21, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, May 18, 2021
Pipelines to Buy
Daily Advice site of MPL Communications talks about buying two Canadian Pipelines for growth and income. These pipelines are ones I own and are:
AltaGas Ltd (TSX- LA, OTC-ATGFF) and
Pembina Pipeline Corp (TSX-PPL, NYSE-PBA)
On my other blog I wrote yesterday about Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) ... learn more. Next, I will write about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more on Tuesday, May 19, 2021 day, around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
AltaGas Ltd (TSX- LA, OTC-ATGFF) and
Pembina Pipeline Corp (TSX-PPL, NYSE-PBA)
On my other blog I wrote yesterday about Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) ... learn more. Next, I will write about Mullen Group Ltd (TSX-MTL, OTC-MLLGF) ... learn more on Tuesday, May 19, 2021 day, around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, May 13, 2021
Going to Cash
I hear a lot of talk recently of people raising the level of cash that they have in their stock portfolio. People talk about having cash of 25% and plus. I personally generally have never more than 5% in cash. The only reason for my cash is to be able to take money from my RIF accounts yearly.
The most I will do with market uncertainty is to stop investing. If I build up some cash, I put it into an investment savings account waiting for when I find something I want to buy at a price I want to pay. This is because I believe in paying a reasonable price for stocks and try not to over pay for any of my stock purchases. There are times in market highs that I find nothing I want to buy at a price I am willing to pay.
What do I do about bear markets? I just sit them out. I am been investing since the 1970’s and I have been through many bear markets. The drop in the value of your portfolio can at times be jaw dropping. This is never easy to watch, but I know I have good stocks and that they will recover.
Also, I invest in dividend growth stocks. In bear markets, I find that some companies cut or suspend their dividends, some keep them flat and some will raise them. Overall, I find in bear markets that my dividends go up. They will not go up as much as in bull markets, but my total dividends do increase. Each bear market affects different industries differently and that is why dividends are handled differently by different companies. This is why you need a diversified portfolio.
On my other blog I wrote yesterday about Ag Growth International (TSX-AFN, OTC-AGGZF) ... learn more. Next, I will write about Kirkland Lake Gold (TSX-KL, NYSE-KL) ... learn more on Friday, May 14, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
The most I will do with market uncertainty is to stop investing. If I build up some cash, I put it into an investment savings account waiting for when I find something I want to buy at a price I want to pay. This is because I believe in paying a reasonable price for stocks and try not to over pay for any of my stock purchases. There are times in market highs that I find nothing I want to buy at a price I am willing to pay.
What do I do about bear markets? I just sit them out. I am been investing since the 1970’s and I have been through many bear markets. The drop in the value of your portfolio can at times be jaw dropping. This is never easy to watch, but I know I have good stocks and that they will recover.
Also, I invest in dividend growth stocks. In bear markets, I find that some companies cut or suspend their dividends, some keep them flat and some will raise them. Overall, I find in bear markets that my dividends go up. They will not go up as much as in bull markets, but my total dividends do increase. Each bear market affects different industries differently and that is why dividends are handled differently by different companies. This is why you need a diversified portfolio.
On my other blog I wrote yesterday about Ag Growth International (TSX-AFN, OTC-AGGZF) ... learn more. Next, I will write about Kirkland Lake Gold (TSX-KL, NYSE-KL) ... learn more on Friday, May 14, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, May 11, 2021
Investing in Canada
Dan Kent on Stock Trades has produced a good guide to How to Buy Stocks in Canada. There is a lot of information and a lot of advertising, but if you are not novice investors, it might be worth your while to read this post. Twitter account is @StockTrades_CA.
On my other blog I wrote yesterday about Power Corp of Canada (TSX-POW, OTC-PWCDF) ... learn more. Next, I will write about Ag Growth International (TSX-AFN, OTC-AGGZF) ... learn more on Wednesday, May 12, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
On my other blog I wrote yesterday about Power Corp of Canada (TSX-POW, OTC-PWCDF) ... learn more. Next, I will write about Ag Growth International (TSX-AFN, OTC-AGGZF) ... learn more on Wednesday, May 12, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Thursday, May 6, 2021
Something to Buy May 2021
There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield. The dividend yield test in this note is a quick way of finding possible stock buys. See my Spreadsheet .
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy May 2021 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 5 year median dividend yields (P/5Yr). As in other spreadsheets, you can highlight a line or a number of lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 23 stocks in the Consumer Discretionary category. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four (17%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goodfellow Inc (TSX-GDL, OTC-GFELF), Leon's Furniture (TSX-LNF, OTC-LEFUF), and Stingray Digital Group Inc (TSX-RAY.A). Magna International Inc. (TSX-MG, NYSE-MGA) has been deleted from this list.
I follow 10 Consumer Staples stocks. No stocks are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (40%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Loblaw Companies (TSX-L, OTC-LBLCF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). There is no change from last month.
I follow Five Health Care stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) has been removed from this list.
Four stocks (80%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.
I follow 9 Energy stocks. One stock (11%) is showing as cheap by the historical high dividend yield. It is Canadian Natural Resources (TSX-CNQ, NYSE-CNQ). Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) has been added back to this list.
There are two stocks (22%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Three stocks (38%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), CIBC (TSX-CM, NYSE-CM), and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Five stocks (38%) are showing as cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), CI Financial (TSX-CIX, OTC-CIFAF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF) has been deleted from this group.
I follow 6 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month. Sagen MI Canada Inc (TSX-MIC, OTC-GMICF) has been bought out so the number will be reduced to 5 stocks.
Four stocks (83%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sagen MI Canada Inc (TSX-MIC, OTC-GMICF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial is not very descriptive, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction, Industrial, Manufacturing and (Business) Services.
I have 7 Construction stocks. No stocks are showing as cheap by the historically high dividend yield. Aecon Group Inc (TSX-ARE, OTC-AEGXF) has been removed from this group.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
I have 3 stocks I have left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Two stock (66%) are showing as cheap by historical median dividend yield. They are Finning International Inc. (TSX-FTT, OTC-FINGF), and Russel Metals (TSX-RUS, OTC-RUSMF). There is no change from last month.
I have 7 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (29%) are showing as cheap by historical median dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), and Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF). There is no change from last month.
I follow 16 Services stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Three stocks (19%) are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Kirkland Lake Gold (TSX-KL, NYSE-KL). There is no change from last month.
Three stock (30%) are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), Kirkland Lake Gold (TSX-KL, NYSE-KL), and Stella-Jones (TSX-SJ, OTC-STLJF). Chemtrade Logistics Inc. Fund (TSX-CHE.UN, OTC-CGIFF) has been removed from this list.
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Two stocks (20%) are showing as cheap by historical median dividend yield. They are Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.
I follow 3 of the Telecom Service stocks. None of the stocks (33%) are showing as cheap by historically high dividend yield. There is no change from last month.
Three stocks (100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Shaw Communications Inc (TSX-SJR.B, NYSE-SJR) and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
I follow 9 Tech stocks. No stocks (0%) are showing as cheap by historical high dividend yield. There is no change from last month.
One stock (11%) is showing cheap by historical median dividend yield. It is Evertz Technologies (TSX-ET, OTC-EVTZF). Sylogist Ltd (TSXV-SYZ, OTC-SYZLF) has been removed from this list.
I follow 8 of the Infrastructure type utility companies. None of the stocks (0%) are showing as cheap by historical high dividend yield. Enbridge Inc. (TSX-ENB, NYSE-ENB) and TC Energy Corp (TSX-TRP, NYSE-TRP) have been deleted from this list.
Three stocks (38%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), Pembina Pipeline Corp (TSX-PPL, NYSE-PBA) and TC Energy Corp (TSX-TRP, NYSE-TRP). There is not change from last month.
I follow 10 of the Power type utility companies. One stock (10%) is showing as cheap by historical high dividend yield. It is ATCO Ltd (TSX-ACO.X, OTC-ACLLF). There is no change from last month.
Two stocks (20%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). There is not change from last month.
On my other blog I wrote yesterday about Thomson Reuters Corp (TSX-TRI, NYSE-TRI) ... learn more. Next, I will write about McCoy Global Inc (TSX-MCB, OTC-MCCRF) ... learn more on Friday, May 07, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
The advantages to using dividend yield to judge how cheap or expensive a stock is, is that you are not using estimates or old data (like last reported quarter's data). You are using today's stock price and today's dividend yield. However, this is just a place to start. It is a good idea to check the stock price with other tests, especially the P/S Ratio test. For other testing, like P/E Ratios, P/S Ratios, P/CF Ratios, P/BV Ratios and Price/Graham Price Ratios, you use estimates or data from the last reported financial quarter.
If a stock is showing as a buy using the dividend yield test, I usually like to verify it is a buy by doing a P/S Ratio test. Here you compare the current P/S Ratio to the 10 year median P/S Ratio. If the current P/S Ratio is lower than the 10 year median, then the stock is a buy. I note that Morningstar gives a current P/S Ratio. The 10 year median ratio is shown in my review of a stock. The 10 year median ratio in a review is good for one year from the date of review.
This historical dividend yield test does not work well for old Income Trust companies. These companies had quite high Dividend Yields which will probably never be seen again. So, I started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this. For these stocks, you might be better comparing the current dividend yield to the 10 year median dividend yield.
However, no system is perfect. But if you are interested in buying a stock a list of stocks cheap or reasonable using dividend yield data might be a good place to start.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See Something to Buy May 2021 Spreadsheet above to see what stocks are showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 5 year median dividend yields (P/5Yr). As in other spreadsheets, you can highlight a line or a number of lines for better viewing.
In the following notes I am only going to list stocks showing as cheap using the historical high dividend yields (P/Hi) and historical median dividend yields (P/Med).
I follow 23 stocks in the Consumer Discretionary category. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Four (17%) of Consumer Discretionary are showing cheap by historical median dividend yield. They are Canadian Tire Corp (TSX-CTC.A, OTC-CDNAF), Goodfellow Inc (TSX-GDL, OTC-GFELF), Leon's Furniture (TSX-LNF, OTC-LEFUF), and Stingray Digital Group Inc (TSX-RAY.A). Magna International Inc. (TSX-MG, NYSE-MGA) has been deleted from this list.
I follow 10 Consumer Staples stocks. No stocks are showing as cheap by the historically high dividend yield. There is no change from last month.
Four stocks (40%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Loblaw Companies (TSX-L, OTC-LBLCF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). There is no change from last month.
I follow Five Health Care stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF) has been removed from this list.
Four stocks (80%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), Medtronic Inc. (NYSE-MDT), and Sienna Senior Living Inc (TSX-SIA, OTC-LWSCF). There is no change from last month.
I follow 9 Energy stocks. One stock (11%) is showing as cheap by the historical high dividend yield. It is Canadian Natural Resources (TSX-CNQ, NYSE-CNQ). Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) has been added back to this list.
There are two stocks (22%) showing as cheap by historical median dividend yield. They are Canadian Natural Resources (TSX-CNQ, NYSE-CNQ), and Suncor Energy (TSX-SU, NYSE-SU). There is no change from last month.
I follow 8 Bank stocks. None of these stocks (0%) is showing as cheap by the historically high dividend yield. There is no change from last month.
Three stocks (38%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), CIBC (TSX-CM, NYSE-CM), and Toronto Dominion Bank (TSX-TD, NYSE-TD). There is no change from last month.
I follow 13 Financial Service stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Five stocks (38%) are showing as cheap by the historical median dividend yield. These stocks are Accord Financial Corp (TSX-ACD, OTC-ACCFF), AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), CI Financial (TSX-CIX, OTC-CIFAF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF) has been deleted from this group.
I follow 6 Insurance stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month. Sagen MI Canada Inc (TSX-MIC, OTC-GMICF) has been bought out so the number will be reduced to 5 stocks.
Four stocks (83%) are showing as cheap by historical median dividend yield. These stocks are Great-West Lifeco Inc. (TSX-GWO, OTC-GWLIF), IA Financial Corp (TSX-IAG, OTC-IDLLF), Manulife Financial Corp (TSX-MFC, NYSE-MFC), and Sagen MI Canada Inc (TSX-MIC, OTC-GMICF). There is no change from last month.
I follow 33 Industrial stocks. Because I have so many and Industrial is not very descriptive, I have divided my Industrial stocks into 4 separate categories under Industrial. They are Construction, Industrial, Manufacturing and (Business) Services.
I have 7 Construction stocks. No stocks are showing as cheap by the historically high dividend yield. Aecon Group Inc (TSX-ARE, OTC-AEGXF) has been removed from this group.
One stock (14%) is showing as cheap by historical median dividend yield. It is Aecon Group Inc (TSX-ARE, OTC-AEGXF). There is no change from last month.
I have 3 stocks I have left with the sub-index of Industrial. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Two stock (66%) are showing as cheap by historical median dividend yield. They are Finning International Inc. (TSX-FTT, OTC-FINGF), and Russel Metals (TSX-RUS, OTC-RUSMF). There is no change from last month.
I have 7 Manufacturing stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Two stocks (29%) are showing as cheap by historical median dividend yield. They are Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF), and Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF). There is no change from last month.
I follow 16 Services stocks. None of these stocks (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
Three stocks (19%) are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), Transcontinental Inc (TSX-TCL.A, OTC-TCLAF) and Wajax Corp (TSX-WJX, OTC-WJXFF). There is no change from last month.
I follow 10 Material stocks. One stock (10%) is showing as cheap by the historically high dividend yield. It is Kirkland Lake Gold (TSX-KL, NYSE-KL). There is no change from last month.
Three stock (30%) are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), Kirkland Lake Gold (TSX-KL, NYSE-KL), and Stella-Jones (TSX-SJ, OTC-STLJF). Chemtrade Logistics Inc. Fund (TSX-CHE.UN, OTC-CGIFF) has been removed from this list.
I follow 10 Real Estate stocks. No stocks (0%) are showing as cheap by historically high dividend yield. There is no change from last month.
Two stocks (20%) are showing as cheap by historical median dividend yield. They are Melcor Developments Inc. (TSX-MRD, OTC-MODVF), and SmartCentres REIT (TSX-SRU.UN, OTC-CWYUF). There is no change from last month.
I follow 3 of the Telecom Service stocks. None of the stocks (33%) are showing as cheap by historically high dividend yield. There is no change from last month.
Three stocks (100%) are showing cheap by historical median dividend yield. These stocks are BCE (TSX-BCE, NYSE-BCE), Shaw Communications Inc (TSX-SJR.B, NYSE-SJR) and Telus Corp (TSX-T, NYSE-TU). There is no change from last month.
I follow 9 Tech stocks. No stocks (0%) are showing as cheap by historical high dividend yield. There is no change from last month.
One stock (11%) is showing cheap by historical median dividend yield. It is Evertz Technologies (TSX-ET, OTC-EVTZF). Sylogist Ltd (TSXV-SYZ, OTC-SYZLF) has been removed from this list.
I follow 8 of the Infrastructure type utility companies. None of the stocks (0%) are showing as cheap by historical high dividend yield. Enbridge Inc. (TSX-ENB, NYSE-ENB) and TC Energy Corp (TSX-TRP, NYSE-TRP) have been deleted from this list.
Three stocks (38%) are showing cheap by historical median dividend yield. They are Enbridge Inc. (TSX-ENB, NYSE-ENB), Keyera Corp (TSX-KEY, OTC-KEYUF), Pembina Pipeline Corp (TSX-PPL, NYSE-PBA) and TC Energy Corp (TSX-TRP, NYSE-TRP). There is not change from last month.
I follow 10 of the Power type utility companies. One stock (10%) is showing as cheap by historical high dividend yield. It is ATCO Ltd (TSX-ACO.X, OTC-ACLLF). There is no change from last month.
Two stocks (20%) are showing as cheap by historical median dividend yield. Those stocks are ATCO Ltd (TSX-ACO.X, OTC-ACLLF), Canadian Utilities Ltd (TSX-CU, OTC-CDUAF). There is not change from last month.
On my other blog I wrote yesterday about Thomson Reuters Corp (TSX-TRI, NYSE-TRI) ... learn more. Next, I will write about McCoy Global Inc (TSX-MCB, OTC-MCCRF) ... learn more on Friday, May 07, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk . The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
Tuesday, May 4, 2021
Dividend Stocks May 2021
First, I want to point out that not all of the stocks I follow are great investments. I follow a diverse selection of stocks. There are some that I would never invest in personally.
I follow a number of resource stocks even though I personally have little invested in this area. I follow what I find interesting and with resource stocks, I think it is important for Canadians to know what is happening in the resource area. On the other hand, I do follow of good number of great dividend growth stocks. You might want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.
The theory is that you should use the dividend yield to see if a dividend stock is selling at a stock price that is relatively cheap. A stock price is considered cheap if it is selling at a dividend yield higher than the historical high yield or higher than the historical average yield or historical median yield. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for May 2021.
On this list,
Last month I entered a new dividend of $0.72 for Artis REIT (TSX-AX.UN, OTC-ARESF). This was a mistake. The new dividend should have been $0.60. I have corrected my spreadsheet for this month.
Sagen MI Canada Inc (TSX-MIC, OTC-GMICF) (formerly Genworth MI Canada Inc is now owned by Brookfield Business Partners LP. They have issued Preferred Shares that are now listed on the TSX with the symbol MIC.PR.A. I do not follow Preferred Shares, so I will drop this from my list of stocks that I follow.
Of the stocks I follow, 0 stock have cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
Of the stocks I follow, the following declined the most in their stock price.
Of the stock that I follow, these stocks gained the most in their stock price.
Most of my stocks started out as Dividend Payers. Currently 20 stocks are not paying any dividends and this would be some 12.74% of the stocks that I follow. Three of these stocks never had dividends, so 10.83% of the stocks I follow have suspended their dividends. The three stocks that never paid dividends are Ballard Power Systems Inc. (TSX-BLD, NASDAQ-BLDP), Blackberry Ltd. (TSX-BB, NASDAQ-BBRY) and Trigon Metals Inc. (TSX-TM, OTC-PNTZF).
I am showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 10 year median dividend yields (P/10Y). See these fields on the right side of the file. You can highlight a particular stock using your cursor to highlight the appropriate line.
There are always some stocks to buy because they are priced reasonably. There are always stocks to currently avoid because they are overpriced. Looking at dividend growth stocks that are selling at stock prices that give them a dividend yield above the historical median dividend yield are probably the best bet.
The stocks that are selling at prices that give them a dividend yield above the historical high yield could be good stocks to buy. However, these stocks may be selling so cheap because of current troubles, especially financial troubles and should be treated with caution. Do not forget that I have all the stocks I follow on this spreadsheet and some are much better investments than others.
You should always investigate a stock before you buy. Sometimes different stocks in certain sectors are just out of favour or the stock market is just in one of its declines. However, a stock may be relatively cheap because it has problems. That is why you should always investigate a stock before buying.
Looking at stock this way is equivalent to a stock filter. A main problem I know of is for the old income trusts. These companies have generally lowered their dividend yields forever and they will probably never get back to the old dividend yield highs they made as an income trust company. For these stocks, you might be better comparing the current dividend yield to the 5 year median dividend yield. I also started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this.
Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.
The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
The last stock I wrote about was about was WSP Global Inc (TSX-WSP, OTC-WSPOF) ... learn more. The next stock I will write about will be Thomson Reuters Corp (TSX-TRI, NYSE-TRI) ... learn more on Wednesday, May 5, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram with #walktoronto.
I follow a number of resource stocks even though I personally have little invested in this area. I follow what I find interesting and with resource stocks, I think it is important for Canadians to know what is happening in the resource area. On the other hand, I do follow of good number of great dividend growth stocks. You might want to get the free weekly newsletter from Canadian Stock Channel which says what might be the best Canadian Dividend Stocks to buy at the present time.
The theory is that you should use the dividend yield to see if a dividend stock is selling at a stock price that is relatively cheap. A stock price is considered cheap if it is selling at a dividend yield higher than the historical high yield or higher than the historical average yield or historical median yield. Some use the 10 year average or median yield rather than the historical ones. I use median yields, always. See my spreadsheet at dividend growth stocks that I just updated for May 2021.
On this list,
- I have 3 stocks with a dividend yield higher than the historical high dividend yield,
- I have 30 stocks with a dividend yield higher than the historical average dividend yield
- I have 48 stocks with a dividend yield higher than the historical median dividend yield and
- 48 stocks with a dividend yield higher than the 5 year average dividend yield.
- I have 2 stocks with a dividend yield higher than the historical high dividend yield,
- I have 32 stocks with a dividend yield higher than the historical average dividend yield
- I have 52 stocks with a dividend yield higher than the historical median dividend yield and
- 47 stocks with a dividend yield higher than the 5 year average dividend yield.
- I had 9 stocks with a dividend yield higher than the historical high dividend yield,
- I had 45 stocks with a dividend yield higher than the historical average dividend yield and
- 39 stocks with a dividend yield higher than the 5 year average dividend yield.
Last month I entered a new dividend of $0.72 for Artis REIT (TSX-AX.UN, OTC-ARESF). This was a mistake. The new dividend should have been $0.60. I have corrected my spreadsheet for this month.
Sagen MI Canada Inc (TSX-MIC, OTC-GMICF) (formerly Genworth MI Canada Inc is now owned by Brookfield Business Partners LP. They have issued Preferred Shares that are now listed on the TSX with the symbol MIC.PR.A. I do not follow Preferred Shares, so I will drop this from my list of stocks that I follow.
Of the stocks I follow, 0 stock have cut their dividends.
Of the stocks I follow, 0 stocks have suspended or terminated their dividend.
Of the stocks I follow, the following declined the most in their stock price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Obsidian Energy Ltd | TSX | OBE | OTC | OBELF | -11.46% |
| Ballard Power | TSX | BLDP | NASDAQ | BLDP | -11.39% |
| Crescent Point Energy | TSX | CPG | NYSE | CPG | -11.17% |
| WildBrain Ltd | TSX | WILD | OTC | WLDBF | -10.53% |
| Canadian National | TSX | CNR | NYSE | CNI | -10.46% |
| Innergex Renewable | TSX | INE | OTC | INGXF | -7.61% |
| Computer Modelling | TSX | CMG | OTC | CMDXF | -7.12% |
| Exchange Income Corp | TSX | EIF | OTC | EIFZF | -7.02% |
| Northland Power Inc | TSX | NPI | OTC | NPIFF | -6.84% |
| Morneau Shepell Inc. | TSX | MSI | OTC | MSIXF | -6.34% |
Of the stock that I follow, these stocks gained the most in their stock price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Medtronic PCL | NYSE | MDT | 10.92% | ||
| K-Bro Linen Inc | TSX | KBL | OTC | KBRLF | 11.33% |
| TFI International | TSX | TFII | OTC | TFIFF | 11.84% |
| Sylogist Ltd | TSXV | SYZ | OTC | SYZLF | 12.66% |
| IGM Financial | TSX | IGM | OTC | IGIFF | 13.50% |
| Goeasy Ltd. | TSX | GSY | OTC | EHMEF | 13.50% |
| Lassonde Industries | TSX | LAS.A | OTC | LSDAF | 15.28% |
| Pulse Seismic Inc. | TSX | PSD | OTC | PLSDF | 21.66% |
| Trigon Metals Inc. | TSX | TM | OTC | PNTZF | 24.00% |
| Chesswood Group | TSX | CHW | OTC | CHWWF | 32.56% |
Most of my stocks started out as Dividend Payers. Currently 20 stocks are not paying any dividends and this would be some 12.74% of the stocks that I follow. Three of these stocks never had dividends, so 10.83% of the stocks I follow have suspended their dividends. The three stocks that never paid dividends are Ballard Power Systems Inc. (TSX-BLD, NASDAQ-BLDP), Blackberry Ltd. (TSX-BB, NASDAQ-BBRY) and Trigon Metals Inc. (TSX-TM, OTC-PNTZF).
I am showing whether a stock is relatively cheap based on historical high dividend yields (P/Hi), historical average dividend yields (P/Ave), historical median dividend yields (P/Med) or on 10 year median dividend yields (P/10Y). See these fields on the right side of the file. You can highlight a particular stock using your cursor to highlight the appropriate line.
There are always some stocks to buy because they are priced reasonably. There are always stocks to currently avoid because they are overpriced. Looking at dividend growth stocks that are selling at stock prices that give them a dividend yield above the historical median dividend yield are probably the best bet.
The stocks that are selling at prices that give them a dividend yield above the historical high yield could be good stocks to buy. However, these stocks may be selling so cheap because of current troubles, especially financial troubles and should be treated with caution. Do not forget that I have all the stocks I follow on this spreadsheet and some are much better investments than others.
You should always investigate a stock before you buy. Sometimes different stocks in certain sectors are just out of favour or the stock market is just in one of its declines. However, a stock may be relatively cheap because it has problems. That is why you should always investigate a stock before buying.
Looking at stock this way is equivalent to a stock filter. A main problem I know of is for the old income trusts. These companies have generally lowered their dividend yields forever and they will probably never get back to the old dividend yield highs they made as an income trust company. For these stocks, you might be better comparing the current dividend yield to the 5 year median dividend yield. I also started a column called VT (for Valid Test) and this applies to checking stock price using dividend yield. If it is not a valid test, I use N to show this.
Also, on some stocks I have a lot more information years in my spreadsheets than for other stocks. So, finding a stock on the list as "cheap" is only the first step in finding a stock to buy. This is the same with any other sort of stock filters that you can use.
The last thing to remember is that I have entering figures into a spreadsheet. I could put them in incorrectly, I can transpose figures and I can misread figures. This is another great reason why you should check a stock out before investing. As this is just a filter, it works better on some stocks than on others.
See my entry on my methodology in establishing the historical dividend yield highs and lows for the stocks that I cover. I have an entry on my introduction to Dividend Growth. You might want to look at my original entry on Dividend Growth Stocks. I have also written about why I like Dividend Growth companies.
The last stock I wrote about was about was WSP Global Inc (TSX-WSP, OTC-WSPOF) ... learn more. The next stock I will write about will be Thomson Reuters Corp (TSX-TRI, NYSE-TRI) ... learn more on Wednesday, May 5, 2021 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram with #walktoronto.
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