I remain concerned about both the TSX and S&P 500 from valuation, political and economic standpoints, making it worthwhile to look also toward other countries.
Tag Archives TSX
Where in the world are the best investment opportunities?
Investing for Fun and Profit: When looking beyond Canada and the U.S., the data tells the story
Wish not for a weak Canadian dollar
Investing for Fun and Profit: Weak currency is symptomatic of weak investing confidence in a country
There exists what I believe is a very common misconception that a weak currency is good for the economy. Statements by news media and politicians often parrot this theme because on a short-term basis, exports become cheaper for foreign buyers and imports more expensive for domestic purchasers, theoretically enhancing domestic production. However, what’s missing in […] Read more
Analysts’ target prices again miss the mark
Investing for Fun and Profit: I plan to continue to ignore those target prices when making decisions
Approximately a year ago a column titled “The value of target prices” studied analyst price targets on every TSX index stock with how the stock actually performed over the next year. Analyst target prices had been conveniently amalgamated in a Globe and Mail article. While I had never used target prices to make purchase or […] Read more
Economic and market outlook for 2024
If the U.S. avoids recession, Canada's will probably be shallow
It’s difficult to make predictions, especially about the future.” One of my favorite prediction quotes comes by way of the legendary baseball player, manager and philosopher, Yogi Berra. This quote, like many of his famous quips, incorporates a meaningful paradox. Following up on my previous column, the TSX ended 2023 with a total return — […] Read more
How did 2023’s economic and market predictions turn out?
Predictions are often made but their accuracy never evaluated, yet this is an important step
For the past seven years in my newsletter, I have made annual “Fearless Predictions.” I also summarize predictions from the investment industry. The last chapter of my book, titled “If I claim to be a wise man…it surely means that I don’t know,” launched my annual prediction exercise, largely to poke fun at the process. […] Read more
The value of target prices
How accurate are analysts’ projections on stocks’ price movements?
One aspect of my character that has served me well over the years is a healthy sense of skepticism of what I hear or read. This “skill,” for lack of a better word, is becoming increasingly important in the information age, more accurately described as the misinformation age. I read a lot to know what […] Read more
Farmers Edge launches IPO
Digital ag firm makes first public share offering to big demand
Manitoba’s best-known digital agriculture firm is now a publicly-traded company. Farmers Edge, founded in 2005 in Pilot Mound, Man. by agronomists Wade Barnes and Curtis MacKinnon, has carved out a niche using field-centric data, artificial intelligence and its FarmCommand data management platform. CEO Wade Barnes called it an exciting day during an online press conference […] Read more
Couche-Tard takes stake in cannabis retailer
One of Canada’s biggest convenience store operators is moving ahead on its stated goal of getting into the retail cannabis business. Edmonton-based cannabis retailer Fire + Flower announced Wednesday it has issued a $25.99 million debenture, convertible to a 9.9 per cent ownership stake, to Quebec’s Alimentation Couche-Tard. The Laval-based firm said its planned investment […] Read more
AGT’s privatization to proceed
CNS Canada — AGT Food and Ingredients has announced a definitive agreement to take the publicly-traded Saskatchewan pulse and durum processing and export firm private. If all conditions are met, the deal is expected to go through in the first quarter of 2019. The buyer group, including AGT CEO Murad Al-Katib, Fairfax Financial Holdings Limited […] Read more
AGT managers seek to take company private
CNS Canada — Plans are afoot to take publicly-traded Saskatchewan pulse and specialty crop processing firm AGT Food and Ingredients private. AGT, in a release Thursday, said it has received a non-binding proposal from a senior management group, led by company CEO Murad Al-Katib, to acquire all its issued and outstanding common shares. The proposal […] Read more
Cyber-Savvy Farmer
