Gkaz Risk Takers: Forget CI Financial Corp. and Buy This Financial Stock Instead
Welcome to a series where I break down and compare some of the most popular exchange-traded funds ETFs available to Canadian investors!The financial sector outperformed in 2021 and 2022 thanks to a series of central bank interest rate hikes. Bo
stanley shop th BlackRock a
stanley becher nd BMO Global Asset Management provide a set of low-cost, high-liquidity ETFs that offer exposure to a portfolio of TSX financial sector stocks.The two tickers up for consideration today are iShares SP/TX Capped Financials Index ETF TSX:XFN and BMO Equal Weight Banks Index ETF TSX:ZEB . Which one is the better option Keep reading to find out.XFN vs. ZEB: FeesThe fee charged by an ETF is expressed as the management expense ratio MER . This is the percentage that is deducted from the ETF s net asset value
stanley cup NAV over time and is calculated on an annual basis. For example, an MER of 0.50% means that for every $10,000 invested, the ETF charges a fee of $50 annually.XFN has an MER of 0.61% vs. ZEB at 0.28%. ZEB is clearly the Pqrb 1 TSX Stock That Can Beat the Market in 2020
TWC TSX:TWC is engaged in golf club operations and is Canada s largest owner,
stanley quencher operator, and manager of golf clubs, with 53.5, 18-hole equivalent championship courses and 3.5, 18-hole equivalent academy
stanley isolierkanne courses at 41 locations in Ontario, Quebec, and Florida.The company reports a market capitalization of $345 million and a 52-week low of $12.51 and a 52-week high of $15.80.Intrinsic priceBased on my calculations, using a discounted cash flow valuation model, I determined that TWC has an intrinsic value of $4.62 per share.Assuming less-than-average industry growth, the intrinsic value would be $4.10 per share, and higher-than-average industry growth would result in an intrinsic value of $5.20 per share.At the current
stanley quencher share price of $12.90, I believe TWC is substantially overvalued. That said, TWC owns a lot of valuable land and I would not be opposed to investing in TWC when its share price dips below intrinsic value. Given the size of golf courses, the land has a myriad of practical u
