I have dividend portfolio. As I have built it up over the years, it has produced more and more dividends. I have always tried to get dividend growth stocks and most were when I purchased them and most of the stocks are dividend growth stocks now. I live off my dividend portfolio so it is important that this portfolio continue to produce dividend income for me.
It has produced a growing income for me over the years. The growth has been higher than the rate of inflation. With every bear market some stocks have cut or suspended their dividends. However, there were also stocks that increased their dividends in a bear market. Each bear market affects different sectors differently, so it is important to have dividend stocks across a variety of sectors or industries.
The only sectors or industries that I do not invest in for dividend income is the resource sectors. That includes mining and oil and gas. These sectors are much to volatile I believe for a dividend portfolio. However, I do have companies that service these sectors, like Mullen Group (TSX-MTL, OTC-MLLGF) and Ensign Energy Services (TSX-ESI, OTC-ESVIF). The Mullen Group has been branching out to service other industries beside oil and gas.
The only newsletter I would recommend to get ideas for dividend stock is Investment Reporter. You can also get good ideas on stock to invest in from Bloggers.
On my other blog I wrote yesterday about Ballard Power Systems Inc (TSX-BLDP, NASDAQ-BLDP) ... learn more. Next, I will write about Loblaw Companies Ltd (TSX-L, OTC-LBLCF) ... learn more on Friday, July 30, 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, July 29, 2021
Tuesday, July 27, 2021
Algonquin Power
Douglas Gerlach of Money Show talks about Algonquin Power and Utilities Corp. He says that a stock like Algonquin Power can provide a nice defensive hedge while also generating an income stream.
On my other blog I wrote yesterday about Savaria Corporation (TSX-SIS, OTC-SISXF) ... learn more. Next, I will write about Ballard Power Systems Inc (TSX-BLDP, NASDAQ-BLDP) ... learn more on Wednesday, July 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.
On my other blog I wrote yesterday about Savaria Corporation (TSX-SIS, OTC-SISXF) ... learn more. Next, I will write about Ballard Power Systems Inc (TSX-BLDP, NASDAQ-BLDP) ... learn more on Wednesday, July 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, July 22, 2021
Director Diversity
I think that boards having minority directors is a good thing. This would include having women on the board and minority peoples. There are statistics that tell us that when boards have 25% to 30% women on the board the company generally performs better. I think it would help even more if there were more minorities too. I would think that having women and minorities on board certainly helps to counter act “group think”.
I found that it is easy to tell if there are women on a board, since most give names and pictures. However, telling whether or not someone is of a minority group I found a lot more difficult. In any event, for the stocks I cover the table below shows how many boards have women or minorities in number and percentages. For example, 146 of the 155 companies I follow have women on their boards and that is 94% of the companies I follow. 51 of the boards I follow or 33% have people who I think for minorities. This is my first stab at this.
There is an Canadian article on diversity on boards at Canadian Lawyer. This site talks about women on boards. This article on Harvard Law sites talks about women and minorities on boards. Jeff Green on Bloomberg writes about what companies are doing in US ahead of SEC’s ruling on its board diversity proposal.
I may have underreported minority directors. I watched the British show, Lady Parts and thought the cast was 3 white women and 1 woman of color. But I read an interview with the stars of the show and they refer to themselves as 4 women of color. So, I have to wonder how good I am at picking out minorities.
On my other blog I wrote yesterday about Pulse Seismic Inc (TSX-PSD, OTC-PLSDF) ... learn more. Tomorrow, I will write about TECSYS Inc (TSX-TCS, OTC-TCYSF) ... learn more on Friday, July 23, 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 found that it is easy to tell if there are women on a board, since most give names and pictures. However, telling whether or not someone is of a minority group I found a lot more difficult. In any event, for the stocks I cover the table below shows how many boards have women or minorities in number and percentages. For example, 146 of the 155 companies I follow have women on their boards and that is 94% of the companies I follow. 51 of the boards I follow or 33% have people who I think for minorities. This is my first stab at this.
| Diversity | Women | % | Minority | % |
|---|---|---|---|---|
| Women or Minority | 146 | 94% | 51 | 33% |
| None | 9 | 6% | 104 | 67% |
| Total | 155 | 100% | 155 | 100% |
There is an Canadian article on diversity on boards at Canadian Lawyer. This site talks about women on boards. This article on Harvard Law sites talks about women and minorities on boards. Jeff Green on Bloomberg writes about what companies are doing in US ahead of SEC’s ruling on its board diversity proposal.
I may have underreported minority directors. I watched the British show, Lady Parts and thought the cast was 3 white women and 1 woman of color. But I read an interview with the stars of the show and they refer to themselves as 4 women of color. So, I have to wonder how good I am at picking out minorities.
On my other blog I wrote yesterday about Pulse Seismic Inc (TSX-PSD, OTC-PLSDF) ... learn more. Tomorrow, I will write about TECSYS Inc (TSX-TCS, OTC-TCYSF) ... learn more on Friday, July 23, 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.
Tuesday, July 20, 2021
U. S. Investing and Taxes
This article entitled Tax planning for Canadians who invest in the U.S. on
Money Sense is a good one to read if you have any investments in the U. S.
On my other blog I wrote yesterday about Dorel Industries Inc (TSX-DII.B, OTC-DIIBF) ... learn more. Next, I will write about Pulse Seismic Inc (TSX-PSD, OTC-PLSDF) ... learn more on Wednesday, July 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.
On my other blog I wrote yesterday about Dorel Industries Inc (TSX-DII.B, OTC-DIIBF) ... learn more. Next, I will write about Pulse Seismic Inc (TSX-PSD, OTC-PLSDF) ... learn more on Wednesday, July 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.
Thursday, July 15, 2021
Maxar Technologies Ltd
Michael Brush on Money Show speaks positively of Maxar. Symbols for Maxar Technologies Ltd are TSX-MAXR, NYSE-MAXR.
On my other blog I wrote yesterday about Obsidian Energy Ltd (TSX-OBE, OTC-OBELF) ... learn more. Next, I will write about Artis REIT (TSX-AX.UN, OTC-ARESF) ... learn more on Friday, July 16, 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 Obsidian Energy Ltd (TSX-OBE, OTC-OBELF) ... learn more. Next, I will write about Artis REIT (TSX-AX.UN, OTC-ARESF) ... learn more on Friday, July 16, 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, July 13, 2021
Fund for Retirement
The blogger Cut the Crap Investing talks about a new type of pension plan for Canadian Retirees. It is not something I would be interested in as I like my dividend portfolio for my pension plan. However, if you do not want to bother doing your own investing, this may be a great alternative.
On my other blog I wrote yesterday about TMX Group Ltd (TSX-X, OTC-TMXXF) ... learn more. Next, I will write about Obsidian Energy Ltd (TSX-OBE, OTC-OBELF) ... learn more on Wednesday, July 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.
On my other blog I wrote yesterday about TMX Group Ltd (TSX-X, OTC-TMXXF) ... learn more. Next, I will write about Obsidian Energy Ltd (TSX-OBE, OTC-OBELF) ... learn more on Wednesday, July 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.
Thursday, July 8, 2021
Something to Buy July 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 July 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). There is no change from last month.
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.
Six stocks (60%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Loblaw Companies (TSX-L, OTC-LBLCF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) has been added to this list.
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.
Three stocks (60%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). There is no change from last month.
I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) has been removed from 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 26 Financial stocks under the categories of Banks, Financial Services, and Insurance.
I follow 8 Bank 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 (25%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), 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.
Four stocks (31%) are showing as cheap by the historical median dividend yield. These stocks are AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 5 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 is reduced to 5 stocks.
Three stocks (60%) 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), and Manulife Financial Corp (TSX-MFC, NYSE-MFC). 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 (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
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.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). 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.
One stocks (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) has been removed from this list.
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.
Two stocks (13%) are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). 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.
Four stock (40%) are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), Chemtrade Logistics Inc. Fund (TSX-CHE.UN, OTC-CGIFF), 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 added to 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 (0%) 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.
Three stock (33%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF), Evertz Technologies (TSX-ET, OTC-EVTZF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF) has been added to 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. There is no change from last month.
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), and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 9 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 no change from last month.
On my other blog I wrote yesterday about Suncor Energy Inc (TSX-SU, NYSE-SU) ... learn more. Next, I will write about LifeWorks Inc (TSX-LWRK, OTC-MSIXF) ... learn more on Friday, July 09, 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 July 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). There is no change from last month.
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.
Six stocks (60%) are showing cheap by historical median dividend yield. These are Alimentation Couche-Tard (TSX-ATD.B, OTC-ANCUF), Empire Company Ltd (TSX-EMP.A, OTC-EMLAF), Lassonde Industries (TSX-LAS.A, OTC-LSDAF), Loblaw Companies (TSX-L, OTC-LBLCF), Metro Inc (TSX-MRU, OTC-MTRAF), and Saputo Inc. (TSX-SAP, OTC-SAPIF). Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) has been added to this list.
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.
Three stocks (60%) are cheap by the historical median dividend yield. The stocks are HLS Therapeutics Inc (TSX-HLS, OTC-HLTRF), Johnson and Johnson (NYSE-JNJ), and Medtronic Inc. (NYSE-MDT). There is no change from last month.
I follow 9 Energy stocks. No stock (0%) is showing as cheap by the historical high dividend yield. Canadian Natural Resources (TSX-CNQ, NYSE-CNQ) has been removed from 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 26 Financial stocks under the categories of Banks, Financial Services, and Insurance.
I follow 8 Bank 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 (25%) are showing as cheap by historical median dividend yield. They are Bank of Nova Scotia (TSX-BNS, NYSE-BNS), 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.
Four stocks (31%) are showing as cheap by the historical median dividend yield. These stocks are AGF Management Ltd (TSX-AGF.B, OTC-AGFMF), Alaris Equity Partners Income Trust (TSX-AD.UN, OTC-ALARF), IGM Financial (TSX-IGM, OTC-IGIFF), and Power Corp (TSX-POW, OTC-PWCDF). There is no change from last month.
I follow 5 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 is reduced to 5 stocks.
Three stocks (60%) 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), and Manulife Financial Corp (TSX-MFC, NYSE-MFC). 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 (0%) are showing as cheap by the historically high dividend yield. There is no change from last month.
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.
One stock (33%) is showing as cheap by historical median dividend yield. It is Finning International Inc. (TSX-FTT, OTC-FINGF). 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.
One stocks (14%) is showing as cheap by historical median dividend yield. It is Exco Technologies Ltd. (TSX-XTC, OTC-EXCOF). Hammond Power Solutions Inc (TSX-HPS.A, OTC-HMDPF) has been removed from this list.
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.
Two stocks (13%) are showing as cheap by historical median dividend yield. These stocks are Canadian National Railway (TSX-CNR, NYSE-CNI), and Transcontinental Inc (TSX-TCL.A, OTC-TCLAF). 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.
Four stock (40%) are showing as cheap by historical median dividend yield. The stocks are Barrick Gold Corp (TSX-ABX, NYSE-ABX), Chemtrade Logistics Inc. Fund (TSX-CHE.UN, OTC-CGIFF), 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 added to 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 (0%) 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.
Three stock (33%) are showing cheap by historical median dividend yield. They are Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF), Evertz Technologies (TSX-ET, OTC-EVTZF), and Sylogist Ltd (TSXV-SYZ, OTC-SYZLF). Computer Modelling Group Ltd (TSX-CMG, OTC-CMDXF) has been added to 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. There is no change from last month.
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), and TC Energy Corp (TSX-TRP, NYSE-TRP). There is no change from last month.
I follow 9 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 no change from last month.
On my other blog I wrote yesterday about Suncor Energy Inc (TSX-SU, NYSE-SU) ... learn more. Next, I will write about LifeWorks Inc (TSX-LWRK, OTC-MSIXF) ... learn more on Friday, July 09, 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, July 6, 2021
Dividend Stocks July 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 July 2021.
On this list,
Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF)
Empire Company Ltd (TSX-EMP.A, OTC-EMLAF)
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 19 stocks are not paying any dividends and this would be some 12.26% of the stocks that I follow. Three of these stocks never had dividends, so 10.32% 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 Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF) ... learn more. The next stock I will write about will be Suncor Energy Inc (TSX-SU, NYSE-SU) ... learn more on Wednesday, July 7, 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 July 2021.
On this list,
- I have 2 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 46 stocks with a dividend yield higher than the historical median dividend yield and
- 40 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 29 stocks with a dividend yield higher than the historical average dividend yield
- I have 44 stocks with a dividend yield higher than the historical median dividend yield and
- 43 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.
Andrew Peller Ltd (TSX-ADW.A, OTC-ADWPF)
Empire Company Ltd (TSX-EMP.A, OTC-EMLAF)
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 |
|---|---|---|---|---|---|
| Just Energy Group Inc | TSX | JE | NYSE | JE | -65.45% |
| Trigon Metals Inc. | TSX | TM | OTC | PNTZF | -20.00% |
| Barrick Gold Corp | TSX | ABX | NYSE | ABX | -11.92% |
| Saputo Inc | TSX | SAP | OTC | SAPIF | -11.16% |
| Andrew Peller Ltd | TSX | ADW.A | OTC | ADWPF | -10.88% |
| Chemtrade Logistics | TSX | CHE.UN | OTC | CGIFF | -9.91% |
| Bird Construction Inc | TSX | BDT | OTC | BIRDF | -9.32% |
| Barclays PLC | LSE | BARC | NYSE | BCS | -8.31% |
| Kirkland Lake Gold | TSX | KL | NYSE | KL | -8.06% |
| Richelieu Hardware Ltd | TSX | RCH | OTC | RHUHF | -7.44% |
Of the stock that I follow, these stocks gained the most in their stock price.
| Name | Exch | Sym | Exch | Sym | Chge SP |
|---|---|---|---|---|---|
| Cenovus Energy Inc | TSX | CVE | NYSE | CVE | 22.12% |
| Blackberry Ltd. (RIM) | TSX | BB | NYSE | BB | 22.16% |
| Ovintiv Inc | TSX | OVV | OTC | OVV | 23.24% |
| Pulse Seismic Inc. | TSX | PSD | OTC | PLSDF | 29.38% |
| Maxar Technologies Ltd | TSX | MAXR | NYSE | MAXR | 31.22% |
| McCoy Global Inc | TSX | MCB | OTC | MCCRF | 32.35% |
| Dorel Industries | TSX | DII.B | OTC | DIIBF | 32.53% |
| Bombardier Inc. | TSX | BBD.B | OTC | BDRBF | 37.11% |
| Ensign Energy Services | TSX | ESI | OTC | ESVIF | 70.77% |
| Obsidian Energy Ltd | TSX | OBE | OTC | OBELF | 121.95% |
Most of my stocks started out as Dividend Payers. Currently 19 stocks are not paying any dividends and this would be some 12.26% of the stocks that I follow. Three of these stocks never had dividends, so 10.32% 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 Premium Brands Holdings Corp (TSX-PBH, OTC-PRBZF) ... learn more. The next stock I will write about will be Suncor Energy Inc (TSX-SU, NYSE-SU) ... learn more on Wednesday, July 7, 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.
Friday, July 2, 2021
Dividend Portfolio
I have dividend portfolio. As I have built it up over the years, it has produced more and more dividends. I have always tried to get dividend growth stocks and most were when I purchased them and most of the stocks are dividend growth stocks now. I bought them slowly over time as I had money to do so.
Some I had to discard because times change. I have sold companies I have lost faith in. But I did not sell just because dividends were cut. For example, I bought TransCanada, now TC Energy when it cut its dividend in 2000 because it had a plan and they felt for long term variability of the company, they needed to reorganize. By 2004, this company’s dividend was above the old high.
Also, in my early years of investing, I did diversify into a lot of things. I bought mutual funds and stocks of US and Europe. Some of these did fine, but I realized that my small number of good Canadian Dividend Growth stocks did the best. So, I geared my investing more and more to these sorts of stocks.
I was also influenced by some early bloggers and my reports put out my MPL Communications which sells the Investment Reporter investment letter. The first blogger I followed was Mike Higgs and he had his list of Canadian dividend Growth Stock, many of which I bought or still follow.
As I sold off others stuff, I had bought, I bought more Canadian Dividend Growth stocks. In the end, it was my portfolio of Canadian Dividend Growth Stocks that provided the money for me to stop working at a traditional job in my early 50’s. If I had invested always in Dividend Growth Stocks and not tried all the other stuff, I was reading about that I should have in my portfolio, I could have stopped working a lot sooner.
On my other blog I wrote yesterday about Saputo Inc (TSX-SAP, OTC-SAPIF) ... learn more. Next, I will write about Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) ... learn more on Friday, July 2, 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.
Some I had to discard because times change. I have sold companies I have lost faith in. But I did not sell just because dividends were cut. For example, I bought TransCanada, now TC Energy when it cut its dividend in 2000 because it had a plan and they felt for long term variability of the company, they needed to reorganize. By 2004, this company’s dividend was above the old high.
Also, in my early years of investing, I did diversify into a lot of things. I bought mutual funds and stocks of US and Europe. Some of these did fine, but I realized that my small number of good Canadian Dividend Growth stocks did the best. So, I geared my investing more and more to these sorts of stocks.
I was also influenced by some early bloggers and my reports put out my MPL Communications which sells the Investment Reporter investment letter. The first blogger I followed was Mike Higgs and he had his list of Canadian dividend Growth Stock, many of which I bought or still follow.
As I sold off others stuff, I had bought, I bought more Canadian Dividend Growth stocks. In the end, it was my portfolio of Canadian Dividend Growth Stocks that provided the money for me to stop working at a traditional job in my early 50’s. If I had invested always in Dividend Growth Stocks and not tried all the other stuff, I was reading about that I should have in my portfolio, I could have stopped working a lot sooner.
On my other blog I wrote yesterday about Saputo Inc (TSX-SAP, OTC-SAPIF) ... learn more. Next, I will write about Empire Company Ltd (TSX-EMP.A, OTC-EMLAF) ... learn more on Friday, July 2, 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.
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