Bill Harris' Top Picks: February 9, 2023
Bill Harris, partner and portfolio manager, Avenue Investment Management
FOCUS: Canadian large and mid-caps
MARKET OUTLOOK:
This is a slow-motion correction and it might take years to unwind a decade of zero interest rate policy.
Avenue’s investment strategy is focusing on essential businesses in the economy that can pass on cost increases to maintain profit margins and, for the most part, do not need public market financing.
Our plan is to accumulate shares in high-quality businesses as we go through this period of stock market weakness and emerge with a stronger portfolio than where we are today.
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TOP PICKS:
Bill Harris, partner and portfolio manager at Avenue Investment Management, discusses his top picks: BCE Inc., Atkore, and Gibson Energy.
BCE Inc. (BCE TSX)
Atkore (ATKR NYSE)
Gibson Energy (GEI TSX)
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| BCE Inc. (BCE TSX) | Y | Y | Y |
| Atkore (ATKR NYSE) | Y | Y | Y |
| Gibson Energy (GEI TSX) | Y | Y | Y |
PAST PICKS: February 10, 2022
Bill Harris, partner and portfolio manager at Avenue Investment Management, discusses his past picks: Arc Resources, Superior Plus, and Kirkland Lake Gold.
Arc Resources (ARX TSX)
- Then: $14.55
- Now: $15.43
- Return: 6%
- Total Return: 9%
Superior Plus (SPB TSX)
- Then: $13.16
- Now: $10.33
- Return: -21%
- Total Return: -16%
Kirkland Lake Gold (KL TSX)
- Then: $60.03
- Now: $71.24
- Return: 19%
- Total Return: 23%
Total Return Average: 5%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| ARX TSX | Y | Y | Y |
| SPB TSX | Y | Y | Y |
| AEM TSX | N | N | N |
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