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David Baskin @DavidBaskinBWM

Company founder, financial pundit, sailor.

Joined June 2012
  • Tweets 9,275
  • Following 163
  • Followers 7,424
283 Photos and videos
The First World War is now a distant memory; there are none alive who remember it. With wars raging in Europe, the Middle East and Africa, it is worth revisiting Wilfred Owen, who died this week 106 years ago. poetryfoundation.org/poems/4…

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When life knocks you down, you want someone in your corner. Our monthly newsletter. baskinwealth.com/latest-news…
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David Baskin retweeted
Baskin Wealth Management@BaskinWealth
24 Oct 2024
Join seasoned investors @BarrySchwartzBW and @ErnestWongBWM for an exclusive webinar, Quality Investing for the Long Run. Discover timeless strategies to build wealth and secure your financial future, even in a volatile market. okt.to/VuqcpQ
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HMCS Ville De Quebec steaming into Halifax harbour today
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Next Monday we celebrate Thanksgiving in Canada. With so many lamenting the things that are going wrong, we should spend some time rejoicing in our good fortune in living here. My essay on the topic: baskinwealth.com/latest-news…

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David Baskin retweeted
Barry Schwartz
@BarrySchwartzBW
20 Sep 2024
over 1,200 views of our latest podcast on Brookfield $BN $BAM on YouTube. Thank you so much for watching! youtu.be/ULTId6VKtoY?si=5p1y…

Building to the top: Bullish on Brookfield

In this week's episode, Barry and Ernest discuss why buying and hol...

youtube.com
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$BCE has sold its interest in #Maple Leaf Sports Entertainment to $Rogers for $4.3B cash. This will reduce #Bell's debt load by a bit more than 10% and will certainly ensure that there will be no dividend cut in the near future. But the $BCE balance sheet still stinks 1/2
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#BCE added $8B of long-term debt in just the last 3 years; this sale pays back about half of that. It's a help but not a cure. A likely drop in interest rates of say 2.5% over a year would save $BCE about $1B/yr in interest. Also helpful. Bottom line: Dividend is safe for now
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Yes, we have no inflation. CDN inflation now running at 2% and only that high due to housing costs. With unemployment rising and per capita GDP falling, Bank of Canada is still behind the curb and needs to cut 50bps to start catching up. 1/n
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Mid-stream $KEY $PPL; utilities $EMA $ENB $CU and the banks. There are still outliers offering over-sized yields including $BCE. Could #Bell cut its dividend? It would be a disaster for an already beaten-up stock but it isn't earning its payout so the risk is there 3/n
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Two interesting ideas: $POW still yielding 5% and trading at significant discount to NAV. $NA.PR.S is a pref that reset at 6% yield a few months ago; so that is locked in now for 5 years and getting more attractive as yields fall elsewhere.
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On the Cdn front Bank of Canada is still behind the curve as unemployment is up to 6.6% on lousy job creation. 25 bps/month is not getting the job done; Tiff needs to be more aggressive. Canada dropping faster than US has NOT killed the loonie as some predicted.
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US Jobs report is a big yawn. Pretty much as expected - bear in mind that any difference of /- 50,000 jobs is a rounding error. Most importantly, wages continue to rise faster than inflation. Unemployment rate up a tick. Still expect Fed to drop rates.
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David Baskin retweeted
Ernest Wong
@ErnestWongBWM
30 Aug 2024
If you happen to be watching @BNNBloomberg on a Friday afternoon before a long weekend... I will be on at 1:20 to talk about retailers and 3 names we like
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$NA and $RY continue to demonstrate they are best banks in Canada. #National Bank's acquisition of $CWB is a smart move that will increase its scope and presence and boost eps. $NA is trading < 11x 2025 earnings, with room to hike dividend; payout ratio < 40%. 5% today justified
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The #CRTC has knee-capped the three big CDN telcos, $BCE $RCI and $T, which will have to grant free access to their fiber networks to all and sundry at regulated rates. This is supposed to enhance competition and lower rates for consumers. 1/n
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This is a Federal government that believes deeply in subsidizing companies for "job creation" - witness billions for battery and tire plants for cars that might never be built or sold - but deeply distrusts the free market for capital allocation. 3/n
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Cdn investors already own a lot of US stocks. We understand why, and luckily we went zero weight for CDN telcos some time ago.
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