An insider’s investment picks

Grant White, an Investment Advisor at National Bank Financial, shares his three top investment picks.

Powercorp

“Overall we think Powercorp is a great business and we like the idea of investing alongside the Desmarais family,” White says. “They have a strong balance sheet and we like the multiples it is trading at, especially when you consider that the PE ratio is below Great West life. We think there is a small arbitrage there. Most importantly it’s a good business that we feel we can own for a long time.”

Berkshire Hathaway

“We are big Buffett fans on our team so naturally one of our favourite holdings is Berkshire. Buying good companies at below their intrinsic value is a strategy which has proven to outperform on a long-term basis. For the same reasons we like Powercorp, we believe in the strategy that Buffett and Munger implement and feel that when you can buy Berkshire at good prices it makes sense to.”

TD

“From a Canadian bank perspective, we like TD right now. We like the valuation it’s currently trading at and believe in its long-term strategy as well as their ability to grow the dividend.”

National Bank Financial is an indirect wholly-owned subsidiary of National Bank of Canada. The National Bank of Canada is a public company listed on the Toronto Stock Exchange (NA: TSX). The opinions expressed herein do not necessarily reflect those of National Bank Financial. The securities or sectors mentioned herein are not suitable for all types of investors. Please consult your investment advisor to verify whether the securities or sectors suit your investor’s profile as well as to obtain complete information, including the main risk factors, regarding those securities or
sectors.

Reference Links: https://www.wealthprofessional.ca/news/industry-news/an-insiders-investment-picks/217864