Sep 27, 2016
Kash Pashootan's Top Picks: September 27, 2016
BNN Bloomberg
Kash Pashootan, Senior Vice President and Portfolio Manager at First Avenue Advisory, Raymond James
Focus: North American dividend stocks and portfolio construction
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Market Outlook
- Canadian investors, beware of home bias
- Current cash weighting is 20 per cent
Top Picks
AmTrust Financial Services (AFSI.O) | 9x P/E | 2.6 per cent yield | Last buy: Sept. 2016
Continues to execute acquisition strategy; will benefit from rising rates.
First American Financial (FAF.N) | 14x P/E | 3.5 per cent yield | Last buy: Sept. 2016
Conservative play on U.S. housing market; insurance premiums rise with house prices.
Cisco Systems (CSCO.O) | 14x P/E | 3.5 per cent yield | Last buy: Sept. 2016
Diversifying away from slow growth, switching and routing into higher growth businesses.
Disclosure | Personal | Family | Portfolio/Fund |
---|---|---|---|
AFSI | Y | Y | Y |
FAF | Y | Y | Y |
CSCO | Y | Y | Y |
Past Picks: September 17, 2015
McDonald’s (MCD.N)
- Then: $97.84
- Now: $116.67
- Return: +19.25%
- TR: +22.92%
ProAssurance (PRA.N)
- Then: $49.64
- Now: $51.72
- Return: +4.99%
- TR: +10.5%
Home Capital Group (HCG.TO)
- Then: $32.49
- Now: $27.85
- Return: -15.51%
- TR: -12.97%
Total Return Average: +6.82%
Disclosure | Personal | Family | Portfolio/Fund |
---|---|---|---|
MCD | N | N | N |
PRA | N | N | N |
HCG | Y | Y | Y |
Twitter: @KashPashootan
Website: raymondjames.ca