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Posted on October 18th, 2014 by Jeff Pollock

Market bears have been calling for a correction – in some cases, by as much as 20% – since the start of the year. So far, they have been wrong. Perhaps the best reason is that unlike past calms before the storm, this market isn’t that expensive. The S&P 500 is currently trading at 14x […]

Posted on October 18th, 2014 by David Baskin

GRADING OUR OUTLOOK 2014 FORECASTS The proliferation of social media, blogs and others forms of self-publishing has swamped consumers with information. Most can’t remember where they read the last piece of data, and as new information floods in, old things are quickly forgotten. This works in favour of those who make predictions. If the predictions […]

Posted on October 18th, 2014 by David Baskin

Long term holders of Tim Hortons have now, counting dividends, about quadrupled their money. Now that’s a double-double we can all love. So it is with regret that we have sold our holdings in this long-held core position. Here are our reasons: 1. The price is very attractive. We thought the stock was expensive in […]

Posted on October 18th, 2014 by Stephen Barook

As investors digest this week’s slew of bank earnings, slower loan growth appears to be a recurring trend. Last Friday, the Royal Bank of Canada reported its mortgage book grew an unexciting 4 percent year-over-year. More information about the state of Canada’s housing market will become known in the quarters ahead. While Canadian housing prices […]

Posted on August 8th, 2014 by Barry Schwartz

There are parts of the market that are frothy and there are parts that are extremely cheap. Bull market, bear market; this has always been the case.  The names may change but the culprits are always the same. When you invest in pie in the sky, expect to get the pie in your face. I […]

Posted on July 31st, 2014 by Barry Schwartz

“If a fine business is selling in the marketplace for far less than intrinsic value, what more certain or more profitable utilization of capital can there be than significant enlargement of the interests of all owners at that bargain price?” -Warren Buffett Shrinkage. Not a topic one usually brings up at the dinner table. But […]