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