Lorne Steinberg's Top Picks: January 23, 2023 - BNN Bloomberg

Lorne Steinberg, president of Lorne Steinberg Wealth Management, discusses his top picks: Kirin Holdings, Walt Disney, and Reckitt Benckiser Group PLC.Kirin is best known as the second-largest beer company in Japan, but it also produces domestic spirits and non-alcoholic beverages. The company owns substantial stakes in two Japanese public companies .

The company is generating significant free cash flow which has been used to fund share buybacks and dividends. At a P/E of 11, with a 3.3 per cent dividend yield, these shares represent outstanding value.The decline in the price of Disney shares offers an excellent entry point for this unique company. The major reason for the drop is due to a slowdown in subscriber growth at Disney+. However, there is so much more to this company.

The streaming platform is not yet profitable, but ad revenues, price increases and slowing content expense growth all lead to the conclusion that profitability for this division is not far off. We anticipate double-digit annual earnings growth over the next several years, making these shares a compelling purchase.This consumer products company has a number of top brands in hygiene , health and nutrition . The company has emerged from a reorganization in excellent shape, as evidenced by a return to revenue, margin and profit growth. However, the shares still trade at a significant discount to its peers.

At a P/E of 17 with a three per cent dividend, yield investors have the chance to buy into a well-positioned consumer business with above-average growth potential.

Can you cover $lev.to? lionelectric

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