TopPicks from Lorne Steinberg, president, Lorne Steinberg Wealth Management
Lorne Steinberg, president of Lorne Steinberg Wealth Management, discusses his top picks: Kirin Holdings, Walt Disney, and Reckitt Benckiser Group PLC.Kirin is best known as the second-largest beer company in Japan, but it also produces domestic spirits and non-alcoholic beverages. The company owns substantial stakes in two Japanese public companies .
The company is generating significant free cash flow which has been used to fund share buybacks and dividends. At a P/E of 11, with a 3.3 per cent dividend yield, these shares represent outstanding value.The decline in the price of Disney shares offers an excellent entry point for this unique company. The major reason for the drop is due to a slowdown in subscriber growth at Disney+. However, there is so much more to this company.
The streaming platform is not yet profitable, but ad revenues, price increases and slowing content expense growth all lead to the conclusion that profitability for this division is not far off. We anticipate double-digit annual earnings growth over the next several years, making these shares a compelling purchase.This consumer products company has a number of top brands in hygiene , health and nutrition . The company has emerged from a reorganization in excellent shape, as evidenced by a return to revenue, margin and profit growth. However, the shares still trade at a significant discount to its peers.
At a P/E of 17 with a three per cent dividend, yield investors have the chance to buy into a well-positioned consumer business with above-average growth potential.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Biden aide Ron Klain expected to soon leave White HouseWhite House chief of staff Ron Klain, who has spent more than two years as President Joe Biden's top aide, is preparing to leave his job in the coming weeks, according to a person familiar with Klain's plans.
Read more »
Top Biden aide Ron Klain expected to leave White House soonWhite House chief of staff Ron Klain, who has spent more than two years as President Joe Biden's top aide, is preparing to leave his job in the coming weeks, according to a person familiar with Klain's plans.
Read more »
TOP CLICKS: The week that was in viral storiesThese are the most popular online stories from the past seven days, clicked on by Sun readers like you.
Read more »
WARMINGTON: Toronto's top doc was among world's most powerful at WEF in DavosKlaus Schwab, Chrystia Freeland, Albert Bourla, John Kerry, Tony Blair, Greta Thunberg and Dr. Eileen de Villa.
Read more »
'A sign that price pressures are easing': Here are the week's top 7 storiesFrom inflation to big bank deals, Financial Post reporter Stephanie Hughes breaks down the stories that made headlines. Watch here
Read more »
Elena Rybakina knocks top seed Iga Swiatek out of Australian OpenRybakina will face either American Coco Gauff or Latvia’s Jelena Ostapenko in the next round
Read more »