Alexander MacDonald

War & geopolitical conflicts making headlines, but real concern for investors is interest rates. Believes investors are starting to believe US Fed will keep rates higher for longer. Stronger economy & high US Fed spending will also ensure rates are buoyant. 40 year downward trend in rates is starting to reverse. 

Due to geopolitical tension, demand for defense spending will be high. High quality r&d pipeline of products. More commercial travel after Covid-19 will help business. Valuation of share price an attractive entry point. Concerns over engine problems and product recalls are overblown. Strong management team. Good for long term investors. 

Cloud computing division growth not as high as Microsoft. Dominant in search business. Very strong YouTube segment. Excellent in A.I. tech. Valuation at 19x forward earnings is attractive. Very strong brand and franchise. 

Very strong portfolio of brands (Oreo & Ritz etc.). Recent selloff of stock due to weight loss drugs hitting the market. Not worried about selloff and believes is over stated. Very attractive share price to buy at. 

World's largest property & casualty insurance business. Very profitable business model. Premium income very attractive. Strong management team with excellent track record. 

Stock overhang due to commercial real estate portfolio. Still thinks overall - real estate will be strong. Interest rates will put pressure on company in mid term. Long term is a strong business. Excellent ability to raise money. Will continue to own shares. 

(A Top Pick Aug 14/23, Down 9%)

Will continue to own shares. Higher interest rates hard on business. Lots of capital on the balance sheet. Will begin to buy back shares. Has expressed interest in new immigrants to sell products to. 

Very strong management team. Excellent assets. Shareholder friendly. Lots of land. 

Does not own shares. Too regional for preferences. Has been a tough time for the business. Recent strategic process not going well. Would not recommend buying. Better options in sector. 

Hard business to run in North America. High energy, input & labor costs. Margins compressed due to competition with China. Difficult to compete internationally. Not a great business. Would not recommend buying. 

Questions on whether iPhone can growth further. Ability to sell services to wide range of customers since everybody owns an iPhone. Very good business. Will hold for the long term. 

Owns shares in company. Hard time with rising interest rates. Current share price a good place to buy. Assets hard to replicate. Attractive growth targets. Will continue to own. Great for long term investors. 

Lots of changes the past few years. Not the same company as in the past. Like aerospace business, but not GE specifically. Better names in sector. 

Insurance business very strong. Ability to raise capital very good. High quality management team. Diverse array of assets. Would hold for the long term. 

Great foundation of users. Lots of great products. Little concerned on Metaverse interest. Not investing at this time. Ability to generate cash is strong in software business.