The Globe and Mail reports in its Thursday, Nov. 24, edition that some folks believe the top performing equities of 2023 could be the "dogs," or worst performers, of 2022. The Globe's guest columnist Sean Pugliese writes in the Number Cruncher column that the belief is that these stocks become oversold partially for tax purposes, and have the potential to bounce back the following year. Markets are down sharply this year, making for a large number of negative performers, unlike 2021. Mr. Pugliese, along with his colleague Allan Meyer, took a closer look at this years dogs using there investment philosophy focused on safety and value in hopes of identifying opportunities for the new year. They started with TSX-listed equities with a market capitalization of $1-billion or more. Mr. Pugliese says this is a safety factor. He believes larger is better. To identify their dogs they looked at companies with a 52-week total return of minus 25 per cent or worse. They limited their picks to dividend payers. All their picks are projected to generate earnings. Stocks they expect to rebound are Leon's Furniture, FirstService, Colliers International Group, GFL Environmental, SNC-Lavalin Group and First Majestic Silver.
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