Since Canada legalized recreational cannabis in October 2018, the world has been watching its progress. After a disappointing 2019, we think the Canadian market will remain challenged in 2020. More failures will likely be needed before the situation improves materially. The “Top 10” Canadian LPs While there have been moreRead More →

Firm Overview & Structure Source: KOF As illustrated in the top left, Coca-Cola FEMSA (KOF) is engaged primarily in Mexico, Guatemala, Costa Rica, Nicaragua, Panama, Brazil, Argentina, Columbia, Uruguay, and Venezuela. The countries it has focused on have shifted over time. The structure consists of FEMSA, Coca-Cola (KO), and SeriesRead More →

Bloomberg News Members of the People’s Armed Police walk past the National Museum of China at Tiananmen Square in Beijing. Looking for an investing strategy as the U.S.-China trade war rolls on? There may be an ETF for that, whether you feel most comfortable with as little risk as possible,Read More →

One excellent, if underappreciated, way to generate income off of your portfolio is by investing in preferred stocks. This is something of a mix between debt and equity that often has a higher yield than either. Admittedly though, not all companies issue preferred stocks as most issues come from financials,Read More →

Investment Thesis In the aftermath of the last recession brought on by the global financial crisis, we saw an unprecedented era of low inflation which disproportionately benefited the cyclical consumer discretionary names. We think that low inflation is likely the new normal, even with exploding monetary policy and government deficits.Read More →