navfish

Four Canadian Financial Plays

Hi Larry,

Good analysis. One issue I had in evaluating MFC was the amount of leverage on their balance sheet compared to other insurers with similar growth prospects such as MET. Then there are other smaller growers such as Industrial Alliance. How do you look at leverage?

I did recently sell POW. I had issues evaluating the balance sheet again and the amount of goodwill that the components companies took on as part of their acquisitions. How do you look at goodwill?

BNS is the bank I own and GE is one of my top two holdings. I would appreciate your insight into the balance sheet items?

Sincerely,

Derek