It’s not a pleasant feeling when we consider buying a stock, pass it up, and then watch the share price take off. In fact, it seems that only losing money feels worse. Don’t worry though, we’ve all done this plenty of times; you are not alone.
On that note, below are three stocks that seem like great buys. If you don’t buy any shares now, and the prices take off, you might get that aching feeling all over again.
1. Brookfield
There may be quite a few people who already regret passing up alternative asset manager Brookfield Asset Management (TSX: BAM.A)(NYSE: BAM). After all, if you had looked at the company 20 years ago, but then decided not to buy, you would have missed out on a return of 19% per year.
So is it too late? Well, not necessarily. The company has a proven track record of making smart investment decisions, and there’s no reason to expect this to stop. Although 19% returns may be unrealistic, the company will likely continue to perform very well. And that could lead to big regrets if you stay on the sidelines.
2. Cameco
Remember two years ago, when natural gas prices were down at $2? You had the chance to buy very efficient producers like Peyto Exploration & Development or Tourmaline Oil for a fraction of their net asset value. Since then, both companies are up about 150% as gas prices have recovered.
Now the story is very similar with uranium, giving you a similar opportunity with Cameco (TSX: CCO)(NYSE: CCJ). With prices so low, it’s only a matter of time before demand recovers and supply gets cut. And Cameco has the world’s highest-quality uranium mines. So you don’t want to miss out on this kind of opportunity again.
3. CIBC
It seems that everyone always asks the same question when talking about Canadian Imperial Bank of Commerce (TSX: CM)(NYSE: CM): where’s the growth going to come from? But that doesn’t have to be such a big issue.
It is true that CIBC has resigned itself to the domestic market, and growth will be hard to come by. Yet the bank still devotes less than half of its income to dividends. With dividends in such high demand these days, CIBC’s share price could easily soar if the company simply decided to pay more of its earnings to shareholders.
If CIBC decided to do this in the future (and it doesn’t seem that difficult), then the share price can only go in one direction. And those left out will certainly regret it.
