- Superior Plus Corp. (SPB)
- iShares Canadian Financial Monthly Income ETF (FIE)
- Corby Spirit and Wine Limited Unlimited Voting Common Shares (CSW.A)
Q: In my TFSA I have full positions in ENB, T, TCL.A, and AQN. Objective is primarily steady income and some growth. I am looking to add FIE, SPB and CSW.A. What do you think?
5i Research Answer:
FIE is a Canadian monthly income ETF and we would be comfortable buying. SPB offers a high 7.6% yield, but has not shown much growth. We would be OK owning it as part of a basket of higher income stocks, but as a single position we would have a small position size. CSW has debt and very low growth and we think investors can sit that one out for now.