Global Opportunities Beyond the Radar

A Recession-Proof Business: Why We’re Watching This $64 Billion Company


Creating an investment portfolio that can deliver wealth and income for your family is a journey. Like all journeys, that begins with a single step.

My approach to investing in shares is to own a relatively concentrated stable of good businesses I understand and have conviction in.

While I do extensive research and monitor their accounts, I am not always going to be right. But this approach allows me to sleep easy. I have researched, understood, and selected the best assets I can find.

I do favour dividends. Though they are not guaranteed, a dividend strategy can enable you to receive regular income without having to sell down holdings to release cash. Remember: When you sell, there are brokerage costs. And you may have to account for sale-adjustments in your FIF or tax returns.

During the financial year of Covid, our dividend income was down 20 to 30% as many companies were forced to suspend their payments. Yet these are coming back now, and investors who used the drawdown to top up should be poised to do well on both the income and growth fronts.

Today, I wanted to look at a Company that managed to maintain dividend payments through the pandemic.

It also meets one of my ‘loyalty’ criteria. I use this business almost every week. In particular, I like to structure matters so that, as a shareholder, my custom is covered.

That is good reason to look at a company. But not necessarily reason enough to invest immediately. In this case, the share price has dropped into my buy range — and for good reason.

So let’s take a look at this $64 billion opportunity.

Here’s why it could be all set to provide stability and income in the years ahead…


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