Gavin Graham is the host of In-depth Investing with Gavin Graham, a weekly investment-focused podcast (www.indepthradio.com) and contributing editor to the Income Investor and Internet Wealth Builder. He is a trustee of the Royal Medical Foundation Investment Committee (UK). Mr. Graham has over 30 years' experience as a senior asset manager and was chief investment officer of several leading fund management companies on three continents, including Citigroup Asset Management (Asia), Guardian Group of Funds, and BMO Asset Management.
Gavin Graham, contributing editor to The Income Investor, has a long career in money management and international securities, holding senior positions in financial organizations in London, Hong Kong, and Toronto; here, he looks at two London-based plays in the food and beverage sectors.
Loews Corporation (L) is a financial conglomerate sometimes compared with Warren Buffett’s Berkshire Hathaway (BRK.B), suggests Gavin Graham, a contributing editor at Internet Wealth Builder — and a participant in the MoneyShow Canada Premier Virtual Investor Conference on Feb. 2-4.
Montreal based Stella-Jones (Toronto: SJ) is one of the leading producers of pressure-treated wood products in North America, supplying electrical utility poles and railway ties (laid under the rail tracks) and timbers, explains Gavin Graham, contributing editor to The Income Investor.
Nova Scotia-based Empire Company Limited (OTC: EMLAF) (Toronto: EMP.A) is the parent company of the Sobeys and Safeway supermarket chains, notes Gavin Graham, contributing editor to Internet Wealth Builder.
While many commentators are asserting that the coronavirus pandemic has changed everything, and that the trends which characterized most of 2020 will continue in 2021, the situation appears most similar to the end of the technology bubble in 1999-2000. Then too, confident assertions were made that Its different this time, that valuations were irrelevant, and that old economy stocks and sectors such as energy, industrials, materials, and financials were permanently dead and buried. Events proved this view to be mistaken, and the Noughties decade saw out-performance of value against growth and old economy against technology and new wave stocks. Reversion to the mean is one of the most fundamental of investment doctrines. One suspects it will prove itself to be so again this year and for the foreseeable future.