Tag Archives: coronavirus

Two Canadian Retailers Poised for Renewed Growth

Retail sales continue to rebound despite the slow opening of the economy. Inevitably, many storefronts will not survive but those that do will be able to negotiate much more favorable terms when it comes to rent. The online capabilities of … Continue reading

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Will black gold price follow yellow gold?

Until very recently, the oil price and gold price tended to follow a similar pattern, as evidence by the below chart.  The fundamentals driving these prices differ of course, but over my many years I’ve come to expect the two … Continue reading

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Time to Buy Canadian Energy Stocks

Oil and Gas is a Cyclical Business It’s no secret that oil demand has been demolished by the novel coronavirus and coincident recession, but in my experience the best indicator of supply adjusting to the downside is activity in the … Continue reading

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Time to sell tech stocks? Yes!

On March 25th I suggested it was okay to buy tech stocks, and featured a couple of ETF’s. I did buy at the time, and have enjoyed a 50% return in less than 2 months.  Let’s face it, with bond … Continue reading

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Why the S&P 500 should fall another 10% to 20%.

The risk of being so right in one’s projections (I called this meltdown months ago) is you begin to second guess yourself – maybe now I should turn bullish? The recent rally (which I covered in my “It’s a Trap” … Continue reading

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Fund flows drive markets, and they suggest many months of misery.

Having (with partners) founded and managed a mutual fund company, I can share some insights when it comes to timing markets.  Some say it’s impossible, but the data (and experience) suggest otherwise. For instance, just before the COVID-19 mayhem which … Continue reading

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Private Equity/Debt Cockroaches emerging.

I published here (in late January) and on SeekingAlpha.com a warning that the surge in private equity (with with emphasis on “private” or illiquid) in the past decade would reek havoc for institutional and individual investors alike.  We’re beginning to … Continue reading

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Avoid natural gas companies despite bounce in energy sector.

Oil has had a spectacular rebound as news that OPEC+ might be willing to come to some sort of agreement (with Trump’s help?) The price of WTI popped from the $20 level.  I did share that on March 20 I … Continue reading

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REIT’s may not be a bargain; distributions depend on rent being paid.

The Real Estate Investment Trust (REIT) has had a marvelous decade as property values just kept rising.  It inspired large institutional investors (pension funds for e.g.) to get directly involved.  The Canada Pension Plan has 12.1% invested in real estate.  … Continue reading

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