RE:And AnotherMore general notes from Takacsy. GLTA
We have stayed invested in equities but well diversified in recession resistant businesses that have pricing power such as telecoms, pipelines and utilities. These safe high dividend-yielding sectors look particularly attractive having corrected significantly over the past few months. We also own companies benefitting from strong tailwinds such as the transition to clean energy (renewable power producers like Boralex and Northland Power). Other long-term investment themes include aging demographics (Savaria, Park Lawn, Neighbourly), digitization and automation (CGI, MDF Commerce, ATS) and infrastructure (Stella Jones, AG Growth, Logistec). We took advantage of volatility this year to add high-quality companies to our portfolio at more reasonable valuations as share prices came down, such as WSP Global, CCL, Cargojet, Richelieu Hardware, Jamieson Wellness, and Neighbourly Pharmacies.