Introducing the top stocks in sectors with limited competition
Canada: three oligopolies in a trenchcoat.
Bank service charges and overdraft fees can infuriate consumers, and more choices could lower their temperature.
From the perspective of investors, though, Canada’s cozy network of oligopolies – in which a few players dominate one sector – can look very different. Slim competition can keep upstarts out and profits in, driving strong shareholder returns and attractive dividends over the long term.
“We have a handful of oligopolies that are able to fend off new entrants (whether regional or foreign) without needing to destroy profits for an extended period of time, or where we need a government financed solution,” Ian de Verteuil, head of portfolio strategy at CIBC Capital Markets, said in an e-mail.
They are extracting value from the peasant classes and the state enables it while providing muscle. Most political systems work like this but these “owners” are getting rather braisen. Rapid advances in technology has enabled them to squeeze extra hard across vast majority of markets.
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They are extracting value from the peasant classes and the state enables it while providing muscle. Most political systems work like this but these “owners” are getting rather braisen. Rapid advances in technology has enabled them to squeeze extra hard across vast majority of markets.