Canadian Dividend Investing
@cdinewsletter.bsky.social
I invest in conservative, old-school companies that gush free cash flow and pay dividends. It's boring, but it works. Not investment advice.
The Canadian prairies are the best value in the country, and it's not even close:
- Cheap real estate
- Very reasonable taxes (esp. Alberta)
- Lots of jobs
- Better weather than you think (esp. the summer)
- Nicest people in the country
- Tons of golf/outdoor rec. opportunities
- Cheap real estate
- Very reasonable taxes (esp. Alberta)
- Lots of jobs
- Better weather than you think (esp. the summer)
- Nicest people in the country
- Tons of golf/outdoor rec. opportunities
April 13, 2025 at 6:45 PM
The Canadian prairies are the best value in the country, and it's not even close:
- Cheap real estate
- Very reasonable taxes (esp. Alberta)
- Lots of jobs
- Better weather than you think (esp. the summer)
- Nicest people in the country
- Tons of golf/outdoor rec. opportunities
- Cheap real estate
- Very reasonable taxes (esp. Alberta)
- Lots of jobs
- Better weather than you think (esp. the summer)
- Nicest people in the country
- Tons of golf/outdoor rec. opportunities
Anyone else think it would be absolutely hilarious if China added export duties to all the U.S. tariff-exempt electronics?
April 12, 2025 at 6:43 PM
Anyone else think it would be absolutely hilarious if China added export duties to all the U.S. tariff-exempt electronics?
This whole tariff fiasco is America’s worst self-inflicted mistake in at least a century.
And we get to watch it play out in real time knowing we can do nothing about it.
Yay?
And we get to watch it play out in real time knowing we can do nothing about it.
Yay?
April 9, 2025 at 1:05 PM
This whole tariff fiasco is America’s worst self-inflicted mistake in at least a century.
And we get to watch it play out in real time knowing we can do nothing about it.
Yay?
And we get to watch it play out in real time knowing we can do nothing about it.
Yay?
Weird how I’m no longer hearing any comments on how Canada is uninvestable.
April 9, 2025 at 4:18 AM
Weird how I’m no longer hearing any comments on how Canada is uninvestable.
Canadian bank forward P/E ratios based on 2025 estimates:
$BNS.to: 9.1x
$CM.to: 9.8x
$TD.to: 10.2x
$NA.to: 10.5x
$BMO.to: 11x
$RY.to: 11.6x
And...
$EQB.to: 7.6x
Better growth, plus a cheaper valuation. And nice ROEs. EQB is a stud. A few of the other banks aren't bad either.
$BNS.to: 9.1x
$CM.to: 9.8x
$TD.to: 10.2x
$NA.to: 10.5x
$BMO.to: 11x
$RY.to: 11.6x
And...
$EQB.to: 7.6x
Better growth, plus a cheaper valuation. And nice ROEs. EQB is a stud. A few of the other banks aren't bad either.
April 8, 2025 at 7:04 PM
Canadian bank forward P/E ratios based on 2025 estimates:
$BNS.to: 9.1x
$CM.to: 9.8x
$TD.to: 10.2x
$NA.to: 10.5x
$BMO.to: 11x
$RY.to: 11.6x
And...
$EQB.to: 7.6x
Better growth, plus a cheaper valuation. And nice ROEs. EQB is a stud. A few of the other banks aren't bad either.
$BNS.to: 9.1x
$CM.to: 9.8x
$TD.to: 10.2x
$NA.to: 10.5x
$BMO.to: 11x
$RY.to: 11.6x
And...
$EQB.to: 7.6x
Better growth, plus a cheaper valuation. And nice ROEs. EQB is a stud. A few of the other banks aren't bad either.
I’m beginning to think that tariffs might be a little bit unpopular, guys.
April 7, 2025 at 4:50 AM
I’m beginning to think that tariffs might be a little bit unpopular, guys.
Target Corp $TGT
- Nearly 2,000 U.S. stores
- 230 consecutive dividend payments
- Terrific history of divided growth
- Repurchased ~10% of shares since 2019
- Trades at ~10x fwd. earnings, lowest valuation in a decade
- 4.8% dividend yield
- Nearly 2,000 U.S. stores
- 230 consecutive dividend payments
- Terrific history of divided growth
- Repurchased ~10% of shares since 2019
- Trades at ~10x fwd. earnings, lowest valuation in a decade
- 4.8% dividend yield
April 6, 2025 at 7:24 PM
Target Corp $TGT
- Nearly 2,000 U.S. stores
- 230 consecutive dividend payments
- Terrific history of divided growth
- Repurchased ~10% of shares since 2019
- Trades at ~10x fwd. earnings, lowest valuation in a decade
- 4.8% dividend yield
- Nearly 2,000 U.S. stores
- 230 consecutive dividend payments
- Terrific history of divided growth
- Repurchased ~10% of shares since 2019
- Trades at ~10x fwd. earnings, lowest valuation in a decade
- 4.8% dividend yield
Stop it, I can only get so erect
April 6, 2025 at 7:14 PM
Stop it, I can only get so erect
Enghouse Systems $ENGH.to
- No debt, cash balance of 20% of current market cap
- Strong gross margins, ROE, ROIC
- Using cash to make acquisitions
- Large insider ownership
- Trades at ~9x EV/FCF
- 5% dividend
- No debt, cash balance of 20% of current market cap
- Strong gross margins, ROE, ROIC
- Using cash to make acquisitions
- Large insider ownership
- Trades at ~9x EV/FCF
- 5% dividend
April 6, 2025 at 6:24 PM
Enghouse Systems $ENGH.to
- No debt, cash balance of 20% of current market cap
- Strong gross margins, ROE, ROIC
- Using cash to make acquisitions
- Large insider ownership
- Trades at ~9x EV/FCF
- 5% dividend
- No debt, cash balance of 20% of current market cap
- Strong gross margins, ROE, ROIC
- Using cash to make acquisitions
- Large insider ownership
- Trades at ~9x EV/FCF
- 5% dividend
Goeasy $GSY.to
- Canada's largest alternative finance company
- Has grown EPS by 1,000% since 2015
- Dividend growth is about 1,100% in that same period
- 4%+ dividend yield, highest yield in years
- Trades at 7x 2025's est. EPS
- Still loads of expansion potential
- Canada's largest alternative finance company
- Has grown EPS by 1,000% since 2015
- Dividend growth is about 1,100% in that same period
- 4%+ dividend yield, highest yield in years
- Trades at 7x 2025's est. EPS
- Still loads of expansion potential
April 6, 2025 at 5:24 PM
Goeasy $GSY.to
- Canada's largest alternative finance company
- Has grown EPS by 1,000% since 2015
- Dividend growth is about 1,100% in that same period
- 4%+ dividend yield, highest yield in years
- Trades at 7x 2025's est. EPS
- Still loads of expansion potential
- Canada's largest alternative finance company
- Has grown EPS by 1,000% since 2015
- Dividend growth is about 1,100% in that same period
- 4%+ dividend yield, highest yield in years
- Trades at 7x 2025's est. EPS
- Still loads of expansion potential
Scott's Miracle-Gro $SMG
- Down ~50% over the last 10 years
- FCF up 215% in the same period, $3.03/share to $10.26/share
- Strong relationships with retailers
- Dominates its niche
- 5% dividend yield
- History of dividend growth (although not so much lately)
- Down ~50% over the last 10 years
- FCF up 215% in the same period, $3.03/share to $10.26/share
- Strong relationships with retailers
- Dominates its niche
- 5% dividend yield
- History of dividend growth (although not so much lately)
April 6, 2025 at 4:24 PM
Scott's Miracle-Gro $SMG
- Down ~50% over the last 10 years
- FCF up 215% in the same period, $3.03/share to $10.26/share
- Strong relationships with retailers
- Dominates its niche
- 5% dividend yield
- History of dividend growth (although not so much lately)
- Down ~50% over the last 10 years
- FCF up 215% in the same period, $3.03/share to $10.26/share
- Strong relationships with retailers
- Dominates its niche
- 5% dividend yield
- History of dividend growth (although not so much lately)
Only 1,314 days left until Election Day, 2028.
Not that I'm counting, or anything.
Not that I'm counting, or anything.
April 4, 2025 at 4:11 PM
Only 1,314 days left until Election Day, 2028.
Not that I'm counting, or anything.
Not that I'm counting, or anything.
How come only some of the countries are being charged half on their reciprocal tariffs?
April 2, 2025 at 8:39 PM
How come only some of the countries are being charged half on their reciprocal tariffs?
Jack in the Box $JACK
- Trades at <6x 2025's projected EPS, lowest valuation in at least a decade
- Is expanding nationwide
- Digital sales improvements
- Has an impressive real estate portfolio, which is worth almost as much as the current market cap
- 6%+ yield
- Trades at <6x 2025's projected EPS, lowest valuation in at least a decade
- Is expanding nationwide
- Digital sales improvements
- Has an impressive real estate portfolio, which is worth almost as much as the current market cap
- 6%+ yield
April 2, 2025 at 4:24 PM
Jack in the Box $JACK
- Trades at <6x 2025's projected EPS, lowest valuation in at least a decade
- Is expanding nationwide
- Digital sales improvements
- Has an impressive real estate portfolio, which is worth almost as much as the current market cap
- 6%+ yield
- Trades at <6x 2025's projected EPS, lowest valuation in at least a decade
- Is expanding nationwide
- Digital sales improvements
- Has an impressive real estate portfolio, which is worth almost as much as the current market cap
- 6%+ yield
CN Rail $CNR.to $CNI
- 19,000 route mile network
- Network connects three N.A. coasts
- Strong balance sheet
- Projected 10%+ EPS growth in 2025, 2026
- 29 consecutive dividend raises
- $37B worth of buybacks since 2000
These guys are a literal toll road on the economy. They'll be back.
- 19,000 route mile network
- Network connects three N.A. coasts
- Strong balance sheet
- Projected 10%+ EPS growth in 2025, 2026
- 29 consecutive dividend raises
- $37B worth of buybacks since 2000
These guys are a literal toll road on the economy. They'll be back.
April 2, 2025 at 3:24 PM
CN Rail $CNR.to $CNI
- 19,000 route mile network
- Network connects three N.A. coasts
- Strong balance sheet
- Projected 10%+ EPS growth in 2025, 2026
- 29 consecutive dividend raises
- $37B worth of buybacks since 2000
These guys are a literal toll road on the economy. They'll be back.
- 19,000 route mile network
- Network connects three N.A. coasts
- Strong balance sheet
- Projected 10%+ EPS growth in 2025, 2026
- 29 consecutive dividend raises
- $37B worth of buybacks since 2000
These guys are a literal toll road on the economy. They'll be back.
Cargojet $CJT.to
- Offers next day air cargo service reaching > 90% of Canada's population
- Long-term customer contracts
- Projected 10%+ revenue growth in 2025
- Highest dividend yield in the past 5 years (1.7%)
- Repurchased > 20% of shares outstanding since 2022
- Offers next day air cargo service reaching > 90% of Canada's population
- Long-term customer contracts
- Projected 10%+ revenue growth in 2025
- Highest dividend yield in the past 5 years (1.7%)
- Repurchased > 20% of shares outstanding since 2022
April 2, 2025 at 2:24 PM
Cargojet $CJT.to
- Offers next day air cargo service reaching > 90% of Canada's population
- Long-term customer contracts
- Projected 10%+ revenue growth in 2025
- Highest dividend yield in the past 5 years (1.7%)
- Repurchased > 20% of shares outstanding since 2022
- Offers next day air cargo service reaching > 90% of Canada's population
- Long-term customer contracts
- Projected 10%+ revenue growth in 2025
- Highest dividend yield in the past 5 years (1.7%)
- Repurchased > 20% of shares outstanding since 2022
Love TMX Group as a long-term investment, but I won't be buying at a 10-year valuation high.
Happy to hold, however.
$X.to
Happy to hold, however.
$X.to
April 1, 2025 at 1:36 PM
Love TMX Group as a long-term investment, but I won't be buying at a 10-year valuation high.
Happy to hold, however.
$X.to
Happy to hold, however.
$X.to
Here are 10 stocks trading at 52-week lows that I think are interesting today:
1. Cargojet
2. CN Rail
3. Jack in the Box
4. Scott's Miracle Gro
5. Goeasy
6. Enghouse Systems
7. Target Corp
8. T. Rowe Price Group
9. Gentex
10. Spin Master
I'll share some deets on each in the next few days.
1. Cargojet
2. CN Rail
3. Jack in the Box
4. Scott's Miracle Gro
5. Goeasy
6. Enghouse Systems
7. Target Corp
8. T. Rowe Price Group
9. Gentex
10. Spin Master
I'll share some deets on each in the next few days.
March 31, 2025 at 9:51 PM
Here are 10 stocks trading at 52-week lows that I think are interesting today:
1. Cargojet
2. CN Rail
3. Jack in the Box
4. Scott's Miracle Gro
5. Goeasy
6. Enghouse Systems
7. Target Corp
8. T. Rowe Price Group
9. Gentex
10. Spin Master
I'll share some deets on each in the next few days.
1. Cargojet
2. CN Rail
3. Jack in the Box
4. Scott's Miracle Gro
5. Goeasy
6. Enghouse Systems
7. Target Corp
8. T. Rowe Price Group
9. Gentex
10. Spin Master
I'll share some deets on each in the next few days.
My mentions on the other app are either low effort garbage (by people trying to get to 5M views and $$$) or people on there just to argue.
Too bad.
Too bad.
March 31, 2025 at 6:45 PM
My mentions on the other app are either low effort garbage (by people trying to get to 5M views and $$$) or people on there just to argue.
Too bad.
Too bad.
I've yet to meet a mortgage-free homeowner who regrets the decision to pay off the house.
March 27, 2025 at 11:04 AM
I've yet to meet a mortgage-free homeowner who regrets the decision to pay off the house.
Do they… do they think we’re hiding the fentanyl in the auto parts?
March 26, 2025 at 11:32 PM
Do they… do they think we’re hiding the fentanyl in the auto parts?
Actual scammers in the crypto space when folks on the other app proclaim that 401Ks are a scam or insurance is a scam.
a black and white cartoon of a man holding a sign that says ' sickos ' .
ALT: a black and white cartoon of a man holding a sign that says ' sickos ' .
media.tenor.com
March 26, 2025 at 6:46 PM
Actual scammers in the crypto space when folks on the other app proclaim that 401Ks are a scam or insurance is a scam.
Congrats to my buddy @myownadvisor.bsky.social for finally stepping away from full-time work.
Enjoy FIWOOT, Mark! You deserve it.
t.co/crjs9FLGFX
Enjoy FIWOOT, Mark! You deserve it.
t.co/crjs9FLGFX
https://www.myownadvisor.ca/i-prefer-financial-independence-work-on-own-terms-fiwoot-versus-fire/
t.co
March 26, 2025 at 3:24 PM
Congrats to my buddy @myownadvisor.bsky.social for finally stepping away from full-time work.
Enjoy FIWOOT, Mark! You deserve it.
t.co/crjs9FLGFX
Enjoy FIWOOT, Mark! You deserve it.
t.co/crjs9FLGFX
You'll gain tons of insight if you audit your sell decisions. Here's what I do:
1. Write down my reasons for selling
2. Write down my reasons for buying a replacement
3. Revisit in a year
> 50% of the time I would've been better off doing nothing, and I bet y'all would be too.
1. Write down my reasons for selling
2. Write down my reasons for buying a replacement
3. Revisit in a year
> 50% of the time I would've been better off doing nothing, and I bet y'all would be too.
March 26, 2025 at 11:24 AM
You'll gain tons of insight if you audit your sell decisions. Here's what I do:
1. Write down my reasons for selling
2. Write down my reasons for buying a replacement
3. Revisit in a year
> 50% of the time I would've been better off doing nothing, and I bet y'all would be too.
1. Write down my reasons for selling
2. Write down my reasons for buying a replacement
3. Revisit in a year
> 50% of the time I would've been better off doing nothing, and I bet y'all would be too.
Fun game!
Whenever somebody talks about crypto, just substitute the words "magic beans" whenever they mention whatever coin.
It further proves how it's all just utter nonsense.
Whenever somebody talks about crypto, just substitute the words "magic beans" whenever they mention whatever coin.
It further proves how it's all just utter nonsense.
March 25, 2025 at 8:28 PM
Fun game!
Whenever somebody talks about crypto, just substitute the words "magic beans" whenever they mention whatever coin.
It further proves how it's all just utter nonsense.
Whenever somebody talks about crypto, just substitute the words "magic beans" whenever they mention whatever coin.
It further proves how it's all just utter nonsense.