RE:Greg Newman -BNN - Past Top PickLast stock in the clip; he and his family also own it personally.
As can be seen, he also spoke about ALA twice more. GLTA
https://www.bnnbloomberg.ca/video/greg-newman-s-past-picks~2922877
PARTIAL BUY
Altagas Ltd(ALA-T)
15/05/2024
ALA vs. BCE
ALA trades at 12x earnings, growing at 12%. On PEG ratio, it's cheaper. Yield is 4%, growing comfortably at 5-8%.
BCE is paying a wonderful dividend. PE is more expensive. No growth right now, perhaps will see 3% in a couple of years. At $47, still a bit of upside from today's levels. Regulatory announcements have to go well for BCE, still pricing issues, still a bit of wood to chop.
For fresh money, ideally split it between both. If he had to choose one, it would be ALA.
Oil / Gas
Greg Newman
$30.730
Owned
DON'T BUY
Capital Power(CPX-T)
15/05/2024
Unloaded it, as growth rate is negative. Power prices have come down, costs have gone up. Going to get paid your dividend, with 6% growth. Not bad PE at 13.1x. Trying to get into data centres. He prefers ALA or GEI. EMA is a comparable utility with better growth and price to growth.
Electrical Utilities
Greg Newman
$38.040
No