Skip to main content

The Globe and Mail

3 top picks from Baskin Financial Services’ Barry Schwartz

Barry Schwartz, vice president and portfolio manager with Baskin Financial Services


Barry Schwartz is vice president and portfolio manager with Baskin Financial Services. His focus is on North American Large Cap stocks.

Top picks:


Story continues below advertisement

Viacom is a worldwide entertainment giant that owns television, film and digital media platforms. The company generates an enormous amount of free cash flow which is being used to buy-back shares and increase dividends.

Shoppers Drug Mart

We view Shoppers Drug Mart's stock like a long dated bond that offers a rising coupon each year. We expect the company to reward patient investors with a rising stream of dividend payment as well as share buybacks. While it faces increasing regulatory and competitive risks, its stock trades at an undemanding valuation.


Even though its stock is up 50 per cent this year, Apple's valuation is very cheap given its growth potential and cash on hand. An endless stream of new products and upgrades should satisfy consumer demand for years.

Past picks: Oct. 20, 2011

Potash Corp.

Story continues below advertisement

Then: $49.20
Now: $40.27
Total return: -17.09 per cent

Barrick Gold

Then: $44.94
Now: $38.60
Total return: -12.66 per cent

Brookfield Asset Management

Then: $27.80
Now: $34.07
Total return: +24.67 per cent

Total Return Average: -1.69 per cent

Story continues below advertisement

Market outlook

With the expectation that forward earnings growth will be less robust than in previous years, investors need to maintain an active approach to portfolio management. Stick with companies that are shareholder-friendly and trade at reasonable valuations to earnings. Take advantage of the strong Canadian dollar in order to increase foreign exposure. In the U.S., focus on companies in financial, technology, health care and consumer staple sectors. Avoid mimicking the Toronto index.  It is too heavily weighted toward volatile commodities and cyclical companies. Above all, dividend yield and dividend growth should continue to be winning strategies as long as interest rates remain comatose. Fixed income performance continues to defy skeptics but we believe the bell has tolled for the bond bull.

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at