Paul Harris is a partner and portfolio manager at Avenue Investment Management. His focus is North American and global equities.
Mainstreet Equity Corp.
Mainstreet is a real estate company that has properties in western Canada in the apartment space. The stock trades at 1-per-cent% discount to its NAV.
Regions Financial Corp.
Regions is a commercial and retail bank in the southeast United States. The stock trades at .7 times book value and a 10.6 times earnings. The company will benefit from a continuing improvement of the U.S. housing market and a continued reduction in cost.
Microsoft has limited downside and good upside, we believe the risk/reward trade-off is compelling. We continue to see operational momentum improving with a raft of new products. The stock trades at 13 times earnings, has a 3.0-per-cent yield and has free cash flow of 25 billion a year
Past Picks: November 22, 2012
Davis & Henderson
Total return: +37.38 per cent
Bank of America
Total return: +42.18 per cent
Brookfield Asset Management
**Spin out** Brookfield Property Partners April 15, 2013
Total return: +26.32 per cent
Total return average: +35.29 per cent
We think the opportunity is increasing in companies that can achieve good total return – a good dividend yield accompanied by strong balance sheets and high cash flow cover. In a low inflation environment these stock are likely to remain attractive.Report Typo/Error
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- Mainstreet Equity Corp$32.40-0.11(-0.34%)
- Regions Financial Corp$10.62+0.08(+0.76%)
- Microsoft Corp$57.11-0.42(-0.73%)
- DH Corp$29.15-0.10(-0.34%)
- Bank of America Corp$16.56+0.09(+0.55%)
- Brookfield Asset Management Inc$47.24-0.11(-0.23%)
- Brookfield Property Partners LP$30.02-0.13(-0.43%)
- Updated October 20 1:02 PM EDT. Delayed by at least 15 minutes.