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Mbfl 2 Passive-Income REITs for Your TFSA Freedom Fund
TD Bank TSX:TD NYSE:TD has been back on the retreat thanks to recent downgrades by a handful of analysts, including the likes of those at Credit Suisse, who recently slapped an underperform rating on the name alongside a meagre $59 price target.Credit Suisse notes that TD Bank is the most exposed to low rates compare stanley quencher d to its Big Six peers, with the lowest exposure to the capital markets. The capital markets have been a major bright spot for the big banks in what been a dark year full of pandemic headwinds. With int stanley cups erest rates likely to remain lower for longer, TD Bank net interes stanley cup t margins NIMs are undoubtedly poised to take a major hit to the chin. No surprises on that front.Credit Suisse also noted that TD could take a major corporate tax hit if Joe Biden were to win the U.S. presidential election. TD Bank is Canada most American bank, so it does face greater election risks relative to its peers, but is the drastic Rzwo BlackBerry (TSX:BB) CEO: Ignore the Hype
George Weston TSX:WN yields 1.9%. It owns 50.1% of Loblaw Companies聽 TSX . Loblaw yields 1.74%, yet most investors will buy Loblaw over Weston because of the parent s holding company discount.聽 聽 聽 聽I get that; I r stanley cup eally do. I wrote about the dilemma in May,聽concluding that Weston s free cash flow yield of 6%, 160 basis point stanley quencher s higher than Loblaw s, made it the better buy.Fast forward to today, I still stanley cup feel that way, although my reasons are slightly different this time around. Here s why.Nothing has changed between the two聽 聽Well, I shouldn t say nothing.You see, thanks to share repurchases by Loblaw in the first half of the year 鈥?4.6 million shares in the second quarter and 8.1 million in the first quarter 鈥?Weston has increased its ownership in the grocery-store chain by 150 basis points from 48.6% at the end of December to 50.1% at the end of June.While Weston has always been the de facto owner of Loblaw, it held 63% of Loblaw before issuing a bunch of stock in 2013 to buy Shoppe |
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发表于 2024-10-1 07:35:30