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August 10, 2018

Hardev Bains, president and portfolio manager at Lionridge Capital Management, says equity markets are richly valued, so his clients are sitting on about 40 per cent cash. Bains says it’s been difficult finding a stock worth buying, but that doesn’t mean he has not been active in the market. Just last month, Bains acquired Manulife Financial and Mondelez.

Follow the link below to watch video.

Source: BNN Bloomberg
https://www.bnnbloomberg.ca/video/holding-lots-of-cash-buys-are-hard-to-find-lionridge-s-hardev-bains~1458716