Power Corporation of Canada T.POW

Alternate Symbol(s): PWCDF | T.POW.PR.A | PWCCF | T.POW.PR.B | T.POW.PR.C | T.POW.PR.D | T.POW.PR.E | T.POW.PR.G

Financial Services Insurance - Diversified

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. It operates through three segments: Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term value creation with a diversified quality portfolio of listed and private investments.

TSX:POW - Post by User

Power Corporation of Canada

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Post by Possibleidiot01on Aug 30, 2023 2:28pm

350 Views

Post# 35612473

James Telfser - BNN - BUY

BUY

His preference is for quality. He likes POW for dividend growth and share buybacks. A smaller asset manager might have higher return potential because it has more volatility, but a POW will give him a higher Sharpe ratio over the long term because it's not as volatile. Closing gap to NAV. Ideal asset manager to park your money in. Owning POW makes it easier to monitor the subsidiary pieces. Yield is around 6%.

mngmnt / diversified

N/A