If you don't own TD, steer clear of it for now: portfolio manager

As an investor, if you already own TD I would be comfortable holding it still as at this point, however, if you don’t own it, I would still steer clear for now, says Grant White, Portfolio Manager & Investment Advisor, iA Private Wealth. TD has been facing compliance probes in the U.S.
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[@Dictone-kg3tq]

Statistically speaking, doing the opposite of what the analysts are doing makes better returns.

[@CB-ob5vh]

Yeah, I agree. I'm increasing my position.

[@fernendo4]

Yeah that’s why they have a job. They lie to others.

[@ponyboytoronto6516]

Just bought more TD stock on Friday May 3, first time since the COVID market dip. TD will be a $90+ stock within 1 to 2 years, plus the dividends you'll be collecting along the way.

[@MrChampManager]

I owned a small position but tripled it today. I'm ready to double my position if it keeps falling and I'm happy to get the cheapies and make the money if you don't want then.

[@CB-ob5vh]

Exactly. I'm 27, holding TD stock for the next 20 + years. I buy more on weakness every single time.

[@josed3265]

He's not adding TD on the dip, not buying TC Energy even though went below $50, and he thinks Telus is overpriced. I wonder what is he buying??......Nvidia?, Tesla?, Apple?

[@Ilost11]

Buying the whole market at the top, genius!

[@josed3265]

@@Ilost11 be greedy only when others are fearful. WB :)

[@ShamileII]

Not buy TD on the btfd! Are you kidding??? It was down 3.42 on my gain /loss in .y portfolio. I loaded up! You don't get that kind of opportunity in a Canadian bank. Greetings from always sunny Florida!

[@dougsmith7195]

How will it affect earnings? Overall, it’s a blip, TD over 10 years, you’ll be smiles. Still pays juicy dividend.

[@Spp235.]

Telus has a serious corporate governance issue. Stock performance has been crap yet they pay their CEO close to the highest in Canada. Best red-flag indicator that I have. (Look at Rogers, BNS all that had incredibly poor governance issues over the past couple of years.). Leadership is key!!

[@heehooo6095]

Mr Analyst, Capital intensive companies should be priced on EV/EBITDA. Telus is at 7.7 which is cheap compared to historical metrics.

[@MrJabez89]

NOW you tell me...

[@heehooo6095]

The analyst doesn't like oil and gas, banks, telcoms. What's left in Canada then? I think he is in his own dream land.

[@goldeneastgun]

How is TD any different than every other bank? Criminal activities have been the status quo since I first stumble upon this concept decades ago.

[@EPICWILDETAILING]

Damn. I was about to apply for the TD Aeroplan Visa Infinite Privilege card. Should I hold off?

[@CB-ob5vh]

No.

[@Soohoo-rv3sn]

what if I already owns it

[@christosp.tsonis6194]

TD used to be an excellent bank until a new CEO Bharat Masrani took over in 2014. It appears that he is incompetent and corrupt. One would expect that by now he must be sacked and be replaced by a new CEO to clean up the mess of the company.

[@ThreeLions82]

Sadly they just had the shareholders meeting.

[@martinithechobit]

Time to buy.

[@fernendo4]

Time to buy is now 5% yield.

[@MomToBeFamous]

He is right, there is no growth future for Telus

[@nafizhasan4349]

so buy TD and lots of it

[@brodieobrien-pickering2202]

Shorting td has been going well for me. Terribly managed, over extended in real estate. Corrupt (all banks are, but td was caught).

[@CB-ob5vh]

Shorting a big 6 bank? Good luck.

[@CB-ob5vh]

Terrible idea.

[@rochester3]

talus is over priced he says🤣🤣

[@RD2564]

They will get past the fentanyl, 75 bucks is a good price on TD. I do not have enough fingers and toes to count the number of times I've seen a wall street lightweight like this guy from Industrial Alliance talk about how he is waiting to see what happens and what happens is he misses the good entry point ... This guy is a nothing holding onto his IA job for the dental insurance, this guy will never amount to anything.

[@B_knows_A_R_D-xh5lo]

😊😊😊😊🎉🎉🎉

[@ddaman5764]

This cannot be good short term

[@kimchan7189]

Buy when blood is on the street.

[@APICSKH]

Just doubled it today. They want your shares for even cheaper price.

[@CB-ob5vh]

Exactly.

[@Yelllowchild7]

Of course the day after I buy. It goes to shit

[@tommclaren812]

Same. Owned it for less than 2 weeks. I think this is a double down, honestly. I doubt we will see covid levels, but this is a canadian bank with a market cap of $140 billion. Maybe an opportunity.

[@Spp235.]

My best winners also seem to go to crap days after buying. Hope that helps.

[@Ilost11]

Average down and/or learn to practice some patience and discipline when entering positions and incrementally buy in.

[@someoneelse.2252]

Yelowchild7 : Join the club my friend. I'm heavily invested in TD. So far down 50k. Am I selling?, nope. It's for the long term, it'll come back, banks always do. Stay positive amidst all the doomsayers.

[@mr-of4kd]

😂

[@TechFollower]

Professional Jokers

[@APICSKH]

Yup most of them are, I always do the opposite of what they say, did that last month with Tesla, Google and Apple. TD won’t be different. That’s the reasoning for me retired at 54. Use your own brain, don’t listen to these *** as you mentioned.

[@JessT-vg7ib]

fjt

[@tobyhala9649]

Do the opposite 😊