Bullboard - Stock Discussion Forum 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... see more

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TSX:POW - Post Discussion

Power Corporation of Canada > Bruce Murray - BNN - TOP PICK

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Post by Possibleidiot01 on Aug 15, 2024 3:24pm

Bruce Murray - BNN - TOP PICK

TOP PICK

Nice fat dividend yield of almost 6%, which grows 7-8%. Solid story. He worked with the CEO years ago. IGM is doing better in the US, and GWO has always been one of the better companies. PE should rise from 8x to 10-12x when interest rates come off. Yield is 5.86%.

Trades at about a 25-30% discount to NAV. Low-risk play with upside potential.

(Analysts’ price target is $43.15)

mngmnt / diversified

$38.760

Owned

Power Corp of Canada (POW TSX)

An underappreciated Canadian financial holding company with controlling interests in IGM Financial (IGM/TSX), Great West life (GWL/TSX) and GBL a European investment operation. The company sells at a significant discount to its underlying assets. GWL has been regarded as one of the best-run Canadian Lifeco’s for some time and IM has significantly modernized and improved its operations over the last decade. Its holding of GWL is worth more than its current share price and its total asset value exceeds $50. We like the stock for its six per cent yield which should grow six to eight per cent annually as well as its discount from net asset value and the leverage to lower interest rates. Analyst target prices range as high as $47.

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