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Making sense of the markets this week: August 3 Aug 1st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Gold outshines itself
Gold stole the headlines this week. That can happen when an infamous asset takes out its previous all-time highs.
Last Sunday, gold made another push a.... More »
Is the U.S. economy strong enough to lift Canada? + MORE Apr 7th
It’s full throttle into spring after the Easter break, with this week bringing central bank meetings around the world, and lots of economic news from Canada in the lead-up to the federal budget. After the U.S. employment report released Friday, the essential question we’re weighing today.... More »
RBC said in advanced talks to sell Swiss unit to Banque Syz + MORE Jun 25th
The Geneva-based business has about $10.6-billion of client assets under management
.... More »
Canada to offer apology, millions in compensation to Omar Khadr + MORE Jul 4th
TORONTO – The Canadian government is going to apologize and give millions to a former Guantanamo Bay prisoner who pleaded guilty to killing a U.S. soldier in Afghanistan when he was 15, with Canada’s Supreme Court later ruling that officials had interrogated him under “oppressive circ.... More »
Market instability comes at an inconvenient time for Canada's financial industry: Don Pittis + MORE Feb 1st
This week's market stutter is a reminder that stocks don't just go up, and that the economy and securities markets are two separate beasts..... More »
Stock picks to generate cash flow
– moneysense.ca
(Ben Nelms/Bloomberg/Getty)Rob Edel
Chief Investment Officer
Nicola Wealth Management
For Rob Edel, cash is king. As chief investment officer for Vancouver-based Nicola Wealth Management, Edel looks out for businesses with a competitive advantage and that generate consistent and growing revenues. “You can see that in the cash flow they generate,” he says. Edel prefers to get that money back in dividends, but it’s not always necessary, depending on what the business does with its dollars. Still, cash flow yields should be in excess of 5% to attract his attention, says Edel.
Diversification is also important, as is differentiating his portfolio from the index. It’s why Edel is currently underweight in energy stocks. “It’s not because we saw a decline in oil prices, it’s just not prudent to have so much of your portfolio in a cyclical sector like that,” he says. While he’s partial to undervalued operations, he believes that well-diversified investors need to keep an eye on growth options, particularly Canadian companies with a global reach…
Sino-Forest underwriters settle for $32.5-million
– theglobeandmail.com
Investment banks deny liability in case of former forestry giant facing fraud allegations
'Barbie is falling off a cliff': Mattel removes CEO amid sales warnings
– theglobeandmail.com
Sales of Barbie dolls fell 21 per cent in Mattel’s third quarter and investors are waiting anxiously for the latest numbers in the fourth-quarter earnings report on Friday
Brookfield Office posts lower Q4 profit; cities loss on fair value of assets
– canadianbusiness.com
TORONTO – Brookfield Canada Office Properties (TSX:BOX.UN) cited a $14.3-million charge on the fair value of assets versus a gain a year ago among reasons for reporting a big drop in fourth-quarter earnings.
The owner of premier officer properties in several major Canadian cities says net income for the three months ended Dec. 31 was $25.8 million or 28 cents per unit, compared with $50.5 million or 54 cents in the same year-earlier period when it booked a gain on assets of $13.3 million.
Commercial property revenue in the quarter was $134.8 million, up from $132.7 million, while net operating income of $67.9 million compared with $67.2 million in the 2013 period.
For the full year, Brookfield Office reported net income of $116.1 million or $1.24 per unit on commercial revenue of $517.2 million compared with $164.8 million or $1.77 per unit in 2013 on revenue of $521.9 million.
The full-year numbers included a charge of $38.8 million on the fair value of assets versus a gain of $22…
The owner of premier officer properties in several major Canadian cities says net income for the three months ended Dec. 31 was $25.8 million or 28 cents per unit, compared with $50.5 million or 54 cents in the same year-earlier period when it booked a gain on assets of $13.3 million.
Commercial property revenue in the quarter was $134.8 million, up from $132.7 million, while net operating income of $67.9 million compared with $67.2 million in the 2013 period.
For the full year, Brookfield Office reported net income of $116.1 million or $1.24 per unit on commercial revenue of $517.2 million compared with $164.8 million or $1.77 per unit in 2013 on revenue of $521.9 million.
The full-year numbers included a charge of $38.8 million on the fair value of assets versus a gain of $22…
REITs warned over failure to disclose shortfalls
– theglobeandmail.com
The Ontario Securities Commission said 33 per cent of real estate investment trusts it reviewed had insufficient cash flow to fully fund payouts to investors, but did not provide ‘expected disclosures’ to investors
