Jonathan Wellum, CEO, AIC Ltd. Stock Picks
Jonathan Wellum, CEO, AIC Ltd. was on RoBTV October 10 with his STOCK PICKS
Hartford Financial (NYSE:HIG): we've owned Hartford for 2 years or more..has commerical and retail market..Property & Casualty..can buy this business..10-11X earnings..massive distribution..big in Far East Japan..less in hurricane problem..
American International Group (NYSE:AIG): we've had AIG for many years..after all the issues surrounding AIG, stock has really come down..can buy one of the best investments franchises globally..financial powerhouse..good diversification..good asset management..these guys just know how to make money
Manulife Financial (NYSE:MFC): we own this in a number of funds..20-25% Canadian, 55-60% US..we like wealth management longer-term..management can grow organically, good at acquisitions, wonderful job with Hancock..excess capital..buy 36, little less than 36..
Hartford Financial (NYSE:HIG): we've owned Hartford for 2 years or more..has commerical and retail market..Property & Casualty..can buy this business..10-11X earnings..massive distribution..big in Far East Japan..less in hurricane problem..
American International Group (NYSE:AIG): we've had AIG for many years..after all the issues surrounding AIG, stock has really come down..can buy one of the best investments franchises globally..financial powerhouse..good diversification..good asset management..these guys just know how to make money
Manulife Financial (NYSE:MFC): we own this in a number of funds..20-25% Canadian, 55-60% US..we like wealth management longer-term..management can grow organically, good at acquisitions, wonderful job with Hancock..excess capital..buy 36, little less than 36..
posted by Spelunca at 10:57 PM
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