At the meeting of Tuesday April 13th, the Investment Club discussed elements that will affect our world and what some companies are doing to circumvent catastrophic environmental incidents in the future caused by CO2 emissions.
Our discussion on green bonds and Canadian companies investing in green projects revealed that carbon capture (extracting CO2 from air) is an emerging industry.
Nancy proceeded to review Stantec, rated No. 5 on the Corporate Knights Global 100 Most Sustainable Corporations who are presently committed to a net-zero emission target.
Stantec Review
- Presently trading at $57
- Excellent company
- Target price $62.
- Yield 1.2%
- Overvalued at the present time
Decision: Good company with good prospects. Diversified. Look to purchase if the cost comes down
Banks in Our Portfolio
Tim proceeded to review our four bank holdings (two Canadian and two American): Bank of Nova Scotia, TD Bank, Bank of America and JP Morgan. Each bank has recovered from the downturn last March and is trading above its late 2020 highs. Each of these banks face the threat of Fin Techs such as Square, Credit Karma, Ayden, So Fi, Stripe, and Pay Pal. All four banks have shown great growth and good dividends but are presently considered to be overvalued.
We all agreed that banks are generally part of a good portfolio due to their good dividends and reliability. Together they form 10% of our portfolio.
Decision: Hold our positions at the present time.
Shopify
We discussed our holdings in Shopify. It is now becoming profitable.
Decision: Hold our position
To Do List
David MacDonald Review copper
Eric Fines Review chips
Linda Hasler Review lithium sources in Canada
We are still looking for speakers for any of our meetings. We have one speaker for next fall and have a lead on another. We will keep you up to date.
Probus Club of Kingsway-Islington 