Here are 12 stocks Mike hates and why he would never invest in them. Avoid these investments based on hope and stories that don’t match the numbers, and discover better picks to replace them!
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You’ll Learn
- Let’s state why you hate some stocks: shaky business model, a weak dividend triangle, dividend cuts, what else?
- The first one used to be in Mike’s portfolio, Algonquin (AQN), but now hates how it changed its business model.
- Fortis (FTS), Brookfield Renewable (BEP), and Capital Power (CPX) could all be good replacements.
- Why are Omega Healthcare (OHI), Artis REIT (AX.UN.TO), and RioCan REIT (REI.Un.TO) on your blacklist?
- Which REITs would you put on your buy list instead? Options are harder to find in this challenging environment for REITs. But Mike has 2 picks in his hands.
- Mike always hated Altria Group (MO). Its revenues have decreased since 2021, which will not help change his mind!
- How about a replacement in another sector that is much more profitable?
- Another company in the consumer staples sector is General Mills (GIS). What are its red flags?
- Are they suitable replacements, or is it an industry to avoid altogether?
- Mullen Group (MTL.TO) is an industrial business in the trucking industry. Why do you not like it?
- In healthcare, CVS Health is among the largest drugstore companies. It has made some acquisitions in recent years. Despite all that, it remains one Mike hates. Why is it so?
- Which stock would you pick instead?
- Moving on to the material sector. A company we previously discussed on the show that still makes Mike grind is Transcontinental (TCL.A.TO). He explains the reasons for his hard feelings and what would replace it.
- Western Union (WU) has been on Mike’s blacklist for a while. Looking at the numbers, he does not even understand why it is still running!
- Why would something that rhymes with Visa or MasterCard be a better option?
- Let’s discuss Laurentian Bank (LB.TO) and a new one next to it: ScotiaBank (BNS.TO). Why do you have such bad feelings about them?
- Mike ends the episode by mentioning each big Canadian bank and stating which ones outperform the others.
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