Earnings
July 5, 2020 - EXE
New! Extendicare Inc. Q1-2020 Earnings, Price Target Update .....
July 3, 2020 - SIA
Sienna Senior Living Inc. Q1-2020 Earnings, Price Target Update .....
July 2, 2020 - CSH.UN
Chartwell Retirement Residences, Q1-2020 Earnings, Price Target Update .....
July 1, 2020 - IAG
iA Financial Corporation Inc. Q1-2020 Earnings, Price Target .....
June 27, 2020 - T
Telus Corporation - Q1-2020 Earnings, Price Target Update .....
June 26, 2020 - BEP.UN
Brookfield Renewable Partners - Q1-2020 Earnings, Price Target Update .....
June 24, 2020 - CU
Canadian Utilities Ltd Q1-2020 Earnings, Price Target Update .....
June 23, 2020 - NFI
NFI Group Inc. Q1-2020 Earnings, Price Target Update .....
Recommendation Changes
NWC, CPX, H, QBR.B, AW.UN, more...

Patiently Waiting for the Bottom- Earnings: NWC, NTR, NVU, CU, Preferred Shares

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Picking up where we left off last week, markets have added to losses in response to the negative economic impact of the Coronavirus. The state of panic in markets, that is supposed to be the ultimate buy signal is still a true indicator, it just lacks precision. The coronavirus pandemic may yet prove to be more damaging to values than the banking and credit collapse that triggered the Global Financial Crisis.

Before explaining the reasons this could happen, some comments on earnings and companies that will survive in the longer term. It has been noted in a previous update, that forecasting earnings and share prices has become exceedingly difficult given the uncertainty about future earnings. The longer the coronavirus event remains, the more earnings will suffer. This is not something normal, like a drop in revenues from increased competition, or a fire at a production facility.

There are large sectors of the economy where businesses are completely shut down. The doors are closed. The early signs of this are the swelling number of unemployment claims. These will significantly reduce both personal and corporate government tax revenues.

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