Recent Buy: Power Financial Corp. PF Series S

This morning I sold another chunk of my iShares bond ETF, CLF, and purchased 100 shares of Power Financial Corporation First Preferred Shares, Series S, at $25 per share. The current yield is 4.80%, just slightly higher than the common shares of PWF. The shares are rated Pfd-1 by DBRS, and P-1 by S&P, which are considered highest quality ratings. Preferred shares (PF Shares) from Canada’s biggest companies are rarely offered with TD Waterhouse, and these new issues are usually gone within 20 ...

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Ninja’s 2012 Canadian Stock Picks – Part 2

Last week I covered the first half of my 2012 Canadian Stock Picks . I covered three of my favourite companies I’ve had on my watch list for quite awhile, Husky Energy (HSE-T), Telus Communications (T-T and TU-N), and Corby Distilleries (CDL.A-T). This week I continue with my other picks, all in the financial sector. Unless noted, the following companies trade on the TSX (Toronto Stock Exchange). AGF Management (AGF.B) If you invest in Canadian mutual funds, then you will be quite familiar with ...

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