Many people are excited for shoppers to return, but many have switched to e-commerce. (Getty)
Amid rising vaccination numbers and lifting of Covid-related capacity restrictions nationwide, landlords are eager to see shoppers return to brick-and-mortar stores. But retailers may have different ideas.
On their first-quarter earnings calls, executives of major retail brands said they’ve embraced the shift to e-commerce accelerated by the pandemic. Several big companies reported record-breaking sales, largely driven by the incorporation of curbside pick-up and delivery.
“This is the power of ‘and,’” Target CEO Brian Cornell said during the big-box store’s call with investors. “Guests go to Target because of our stores ‘and’ our digital options. Not one versus the other.”
Best Stocks to Buy in 2021 According to Billionaire Prem Watsa
In this article we will take a look at some of the best stocks to buy now based on Prem Watsa’s Q1 portfolio. You can skip our detailed analysis of Watsa’s history, investment philosophy, and hedge fund performance, and go directly to
Prem Watsa is an Indian-Canadian billionaire businessman and the founder, chairman, and CEO of Fairfax Financial Holdings. Commonly called “Canadian Warren Buffett,” Watsa has been acquiring insurance companies and structuring them like his successful idol Warren Buffett. Watsa has a large following and offers great insights into becoming a successful investor. Fairfax has stakes in companies like BlackBerry Limited (NYSE: BB) and General Electric Company (NYSE: GE) and owns property and casualty insurance and reinsurance interests worldwide.
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Occasionally,
TSX stocks perform normal course issuer bids (NCIB), a fancy term for stock buybacks. These stock buybacks must be approved in advance by the stock exchange, which allows for buybacks of up to 5-10% in a given period.
Share buyback programs are a double-edged sword. It makes perfect sense for a company to buy back its shares when the respective stock is undervalued. This would create value for long-term shareholders who would own a larger piece of the business if the shares were cancelled.
Repurchased shares are turned into treasury shares which can be cancelled or be reissued in the future. If cancelled, the shares are retired and the company’s outstanding shares reduce, increasing the company pie for existing shareholders.