April 2017 – Stock Picks
April 2017 – Stock Picks
Its that time of month again. What to buy, what to buy. I want to add something to my lowest sectors. I missed the boat on Extendicare when it fell to $10. Technology stocks aren’t that good in Canada and the conversion at the moment is horrible. Currently I’m watching 2 stocks to buy this month, but anything can change. Here are my April 2017 Stock Picks.
Potash Corporation of Saskatchewan (Basic Materials)
Potash Corporation of Saskatchewan Inc. (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. No question potash prices have been getting killed over the past couple years. While most stocks are up potash really hasn’t done much but cut their dividend. The merger with Agrium will be fantastic and definitely will make the company more stable. The world keeps getting less and less farm-able land as we build houses everywhere and with the potential legalization of dope, Fertilizer should be in High demand (see what I did there?) ZING!
- P/E ratio 43.9
- Dividend Yield 2.37%
- Current Price – $22.19
- 52 week high – $26.62 (currently %16.64 below 52 wk high)
This could be a great buy at today’s prices for the future. I also already have a position in potash so always like adding to existing positions.
High Liner Foods Inc (Consumer Defensive)
High Liner Foods Incorporated is a Canada-based company, which is engaged in the processing and marketing of frozen seafood products. The Company produces a range of products from breaded and battered items to seafood entrees, which are sold to North American food retailers and food service distributors. From what I read it missed a couple projections and the stock tumbled. I think fish is a great source of protein and we eat high liner fish at our house.
- P/E ratio 12.8
- Dividend Yield %3.12
- Current Price $17.94
- 52 week high – $27.62 (currently %35.04 below 52 week high)
I’m really leaning to this, I have 0 positions in consumer defensive. I think a stock like this 35% below their 52 week high screams buy. It has also maintained or increased its dividend for 9 years in a row. One of the downsides personally is its dividend is paid in the months which I currently receive the most March, June,Sept,Dec which shouldn’t be a factor. haha but I wanna get each month to $100
Well there it is, 2 stocks I really have been debating. The dividend income isn’t going to make me a millionaire anytime soon but there is great potential in each. What are your thoughts? Do you think I should look into something else? Let me know!