Summary 2025

InvestorsFriend Inc.’s performance – Year 2025  
In 2025 we had no Strong Buys. Our 19 Buys an average of 9.9% and (not counting dividends). Our 11 preferred shares that were rated Buy gained an average of 11% (not counting dividends of about 6% average). We trailed the market as the TSX was up a stunning 28.0% and the S&P 500 was 16%. In all cases not counting dividends.  
Group   Rating to start 2025   Price Increase Our Performance
Average of 0 strong buys   Strong Buy   0.0% n.a.
Average of 19 buys   Buy   9.9% good
Average of 11 Pref Buys   Buy   10.5% good
Average for all 28 buys and strong buys   10.1%  
Average of 5 weak buys   Weak Buy   23.1% very good
Average of 2 weak sells   Weak Sell   34.3% very bad
Average for all 8 Neutral ratings (weak buy or weak sell)   25.9%  
Average of 2 Sells   Sell   -17.6% good
Average of 0 Strong Sell   Strong Sell   0% bad
Average Sell / Strong Sell          
Rated As – Strong Buy at January 1, 2025
Name Beginning 2025 Price Rating to start 2025  Price Now Price Increase Our Performance
0
Average Strong buy   Strong buy   0.0% good
0          
Rated As  – Buy
Name Beginning 2025 Price Rating to start 2025  Price Now Price Increase Our Performance
RioCan Real Estate Investment Trust (REI.UN, Toronto)                            18.28  (higher) Buy rated at 18.96            18.70 2% good
Melcor Developments Ltd. (MRD, Toronto)                            12.90  Buy at $12.23            15.24 18% good
Fortis Inc. (FTS, Toronto)                            59.73  Buy at $55.62            71.36 19% good
Enbridge Inc. (ENB, Toronto and New York)                            61.01  Buy at $59.43            65.68 8% good
Alimentation Couche-Tard Inc.(ATD, Toronto)                            79.72  (lower) Buy rated at $78            74.96 -6% bad
Vanguard Balanced Fund                            33.27  Buy            36.83 11% good
 Linamar Corporation (LNR, Toronto)                            56.79  Buy at $62.64            82.96 46%  very good
VISA  Inc.(V, New York)                          316.04  Buy at $256           350.71 11% good
Shopify Inc. (SHOP, on Toronto and U.S.)                          106.33  Speculative Buy/ Hold at U.S. $79 and CAN $110           160.97 51% very good
Melcor Real Estate Investment Trust (MR.UN, Toronto)                              5.25  Speculative Buy at $5.22              5.50 5% good
Canadian Natural Resources (CNQ, Toronto and U.S.)                            44.38  Speculative Buy at $48.22            46.49 5% good
U.S. Long Treasury Bond ETF (TLT, U.S.)                            87.33  Speculative Buy at $87.50            87.16 0% bad
lululemon athletica inc. (lulu, NASDAQ)                          382.41  (lower) Buy at $400           207.81 -46% very poor
Canadian National Railway Company (CNR, Toronto CNI, New York)                          145.97  (lower) Buy at CAD $148 or US $104.           135.75 -7% bad
Toll Brothers Inc. (TOL, New York)                          125.95  (lower) Buy at $142           135.22 7% good
TFI International Inc. (TFII, Toronto)                          194.24  (lower) Buy at CAN $185 or U.S. $136           141.87 -27% very poor
Dollarama Inc. (DOL, Toronto)                          140.28  (lower) Buy at $127           205.14 46% very good
Royal Bank of Canada (RY, Toronto and U.S.)                          173.32  (lower) Buy rated at $146.35           233.99 35% very good
Metro Inc. (MRU, Toronto)                            90.15  (lower) Buy at $90.30            98.79 10% good
Average Buy   Buy   9.9% good
19          
 Rated As Weak Buy
Name Beginning 2025 Price Rating to start 2025  Price Now Price Increase Our Performance
Starbucks (SBUX, U.S.)                            91.25  Weak Buy / Hold at $95.57            84.21 -8% bad
American Express Company (AXP, New York)                          296.79  Weak Buy / Hold at $254           369.95 25% very good
Apple Inc. (AAPL, U.S.)                          250.42  Weak Buy / Hold at $227           271.86 9% good
Canadian Tire (CTC.a, TO)                          151.22  Weak Buy / Hold rated at $149           173.94 15% good
Andrew Peller Limited (ADW.A, Toronto)                              4.14  Weak Buy / Hold at $4.05              5.30 28% very good
Cameco Corporation (CCO, Toronto, CCJ, New York)                            73.91  Highly Speculative Weak Buy at CAN $70.73           125.68 70% very good
Average Weak Buy   Weak Buy   23.1% very good
6          
Rated As – Weak Sell
Name Beginning 2025 Price Rating to start 2025  Price Now Price Increase Our Performance
Canadian Western Bank (CWB, Toronto)                            58.75  Weak Sell / Hold            77.67 32% very bad
AutoCanada Inc. (ACQ, Toronto)                            17.33  Speculative Weak Sell / Hold at $17.35            23.65 36% very good
Average Weak Sell   Weak Sell   34.3% very bad
2
           
0          
 Rated As  – Sell
Name Beginning 2025 Price Rating to start 2025  Price Now Price Increase Our Performance
West Fraser Timber Co. Ltd. (WFG, Toronto and U.S.)                            86.55  Sell at $87            61.11 -29% very good
Costco (COST, New York)                          916.27  Sell at $886           862.34 -6% good
Average Sell   Sell   -17.6%  
2
 Rated As  – Strong Sell
Name Beginning 2025 Price Rating to start 2025  Price Now Price Increase Our Performance
Average Strong Sell          
           
Average Sell/ Strong Sell          
DISCLAIMER: All stock ratings presented are “generic” in nature and do not take into account the unique circumstances and risk tolerance and risk capacity of any individual. The information presented is not a recommendation for any individual to buy or sell any security. The authors are not registered investment advisors and the information presented is not to be considered investment advice to any individual. The reader should consult a registered investment advisor or registered dealer prior to making any investment decision. For ease of writing style the newsletter and articles are often written in the first person. But, legally speaking, all information and opinions are provided by InvestorsFriend Inc. and not by the authors as individuals. The author(s) of this report may have a position, as disclosed in each report. The authors’ positions may subsequently change without notice.
© Copyright:  InvestorsFriend Inc. 1999 – 2026.  All rights to format and content are reserved.
Enbridge Inc. Series 9 Preferred (ENB.PF.A)                            20.42  (higher) Buy at $19.00            23.20 14% good
Power Financial Perpetual PWF.PR.G                            24.65  (higher) Buy at $24.51            25.58 4% good
Canadian Utilities Perpetual CU.PR.E                            21.20  Buy at $20.81            22.29 5% good
Emera Rate Reset EMA.PR.H                            24.12  Buy at $23.30            26.02 8% good
Intact Financial Rate Reset IFC.PR.G                            24.28  Buy at $24.17            25.80 6% good
Intact Financial (Perpetual) Preferred Share Series 5 (IFC.PR.E)                            22.10  Buy at $22.58            23.94 8% good
Great West Life 4.5% Perp Pref GWO.PR.Y                            18.66  Buy at $19.28            20.76 11% good
Brookfield Office Properties Inc. Series AA Preferred Shares (BPO.PR.A)                            16.58  Speculative Buy at $16.50            18.94 14% good
Brookfield Office Properties Inc. Series GG Preferred Shares (BPO.PR.G)                            16.75  Speculative Buy at $16.55            20.31 21% very good
Fortis Inc. (Perpetual Redeemable) Preferred Share Series F (FTS.PR.F)                            21.32  (lower) Buy at 21.90            24.05 13% good
Emera Perpetual PWF.PR.E                            18.51  (lower) Buy at $19.20            20.58 11% good
11 11%
Toronto Dominion Rate Reset TD.PF.A                            23.40  Weak  Buy / Hold at $22.85            25.84 10% good
Canadian Western Bank Preferred Shares Series 9 (CWB.PR.D)                            27.37  Weak Sell / Hold            28.19 3% bad
Canadian Western Bank Preferred Shares Series 5 (CWB.PR.B)                            25.48  Weak Sell / Hold            26.38 4% bad
Royal Bank Perpetual RY.PR.N                            24.69  Sell at $24.26            25.00 1% bad
Royal Bank Rate Reset RY.PR.S                            25.81  Sell at $25.29            26.89 4% bad
Canadian Utilities Rate Reset CU.PR.I                            24.75  Sell at $24.60            25.00 1% bad

 

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