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Stock impact report

Cash-Rich Canadian Companies That Thrive in Economic Downturns [Yahoo! Finance Canada]

Brookfield Corporation Class A Limited Voting Shares (BN) 
In the next market correction, the biggest gains may go to investors in the predators that dominate investment markets during economic downturns. These cash-rich companies often do better than an average TSX stock that simply “holds on.” History shows that economic downturns are not just periods of “destruction”; they are the greatest wealth-building windows for those with the right ammunition. While the average Canadian stock may be slashing dividends and begging the big banks for liquidity, a select few Canadian giants will be playing offence — buying distressed assets, acquiring competitors, and swallowing market share whole. Here are three cash-rich TSX stocks with the balance sheets to turn a recession into their most profitable era yet. You may wish to buy and hold some or all of them to fortify your core portfolio. Brookfield Corporation (BN) If a recession triggers a fire sale on otherwise valuable assets, Brookfield Corporation TSX:BN ) is the tough guy walking into Show less Read more
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