While much of the market is chasing the same handful of stocks,
Scott Morrison is looking somewhere else. The Founder & CIO
of Wealhouse Capital Management oversees $2.2 billion with a
contrarian strategy focused on buying great businesses at
discounted prices. He joins Amber Kanwar to discuss why
international markets are becoming more attractive, where he's
finding value today, and how investors can profit from unpopular
ideas before they become consensus.
In the mailbag, Scott weighs in on whether Canadian banks are too
expensive after their massive rally, shares his outlook on
BlackBerry (TSX: BB), CAE (TSX: CAE), Aritzia (TSX: ATZ), Groupe
Dynamite (TSX: GRGD), Primaris REIT (TSX: PMZ.UN), Propel
Holdings (TSX: PRL) and Kinaxis (TSX: KXS), and explains where he
still sees compelling value despite a market trading near record
highs.
In Pro Picks, Scott shares three international ideas he believes
offer compelling upside: Shinhan Financial Group (NYSE: SHG), one
of South Korea's leading banks trading at a significant discount
to its North American peers; Zeta Global Holdings (NYSE: ZETA),
an AI-enabled marketing technology company using proprietary data
to help businesses improve advertising returns; and Tritax Big
Box REIT (LSE: BBOX), a U.K. logistics real estate company
positioned to benefit from growing demand for warehouses,
automation and data centre infrastructure.
Timestamps
00:00 Intro
01:25 Intro
02:25 Scott Morrison’s approach to investing
05:45 Businesses with idiosyncratic opportunities, and why Scott
is finding more outside of North America
10:45 More money chasing fewer opportunities
12:50 Hamilton Enhanced Mixed Asset Allocation ETF- MIX
14:50 ITM Mailbag: Canadian banks
22:25 Blackberry stock (BB)
29:30 Aritzia & Groupe Dynamite (ATZ, GRGD)
32:30 Primaris REIT (PMZ.UN)
37:35 Propel Holdings (PRL)
41:00 Kinaxis (KXS)
46:15 Scott’s Pro Picks (SHG, ZETA, BBOX)
Sponsors
For over 25 years, Raymond James has been helping Canadians
achieve their financial goals. Visit https://raymondjames.ca
today to discover how you can live a life well planned.
Pro Picks is brought to you by ATB Financial. Visit
https://ATB.com/inthemoney for more information
The mailbag is sponsored by Hamilton ETFs. For more information
on the Hamilton Enhanced Mixed Asset Allocation ETF visit:
https://hamiltonetfs.com/etf/mix/
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