Kash Pashootan, CEO and chief investment officer, First Avenue Investment Counsel

Focus: North American dividend stocks and portfolio construction
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MARKET OUTLOOK

  • The Canadian economy is soft and expectations for interest rate hikes are aggressive
  • U.S. economic growth will slow in 2019

TOP PICKS

Kash Pashootan's Top Picks

Kash Pashootan, CEO and chief investment officer at First Avenue Investment Counsel, shares his top picks: Capital Power, Transcontinental and Telus.

CAPITAL POWER (CPX.TO) | 6.2% yield | 15x FP/E | October 2018

  • Top-performing Canadian utility
  • Expect outperformance to continue as the introduction of carbon taxes in Alberta support higher electricity prices

TRANSCONTINENTAL (TCLa.TO) | 3.9% yield | 8x FP/E | October 2018

  • Recent selloff on margin miss from Coveris acquisition
  • Selloff likely overdone; any progress in December earnings report should see a positive reaction

TELUS (T.TO) | 4.6% yield | 16x FP/E | October 2018

  • Most pure-play Canadian wireless company.
  • Investments in 4G/5G networks should increase data speeds and help boost ARPU
  • CAPEX to slow, which supports higher free-cash-flow and +7-10 per cent dividend growth target
     
DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
 CPX Y Y Y
TCLa Y Y Y
T Y Y Y


PAST PICKS: NOV. 1, 2017

Kash Pashootan's Past Picks

Kash Pashootan, CEO and chief investment officer at First Avenue Investment Counsel, reviews his past picks: Ruth's Hospitality Group, NFI Group and Emera.

RUTH’S HOSPITALITY GROUP (RUTH.O)

  • Then: $20.50
  • Now: $28.43
  • Return: +39%
  • Total return: +41%

NFI GROUP (NFI.TO)

  • Then: $54.83
  • Now: $43.51
  • Return: -21%
  • Total return: -19%

EMERA (EMA.TO)

  • Then: $48.14
  • Now: $39.58
  • Return: -18%
  • Total return: -14%

TOTAL RETURN AVERAGE: +3%
 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
RUTH Y Y Y
NFI Y Y Y
EMA Y Y Y


TWITTER: @KashPashootan
WEBSITE: www.firstavenuecounsel.com