Unpopular Adverse Stocks [Podcast]

How the “Most Popular Stocks” list is created—and how to utilize it effectively
This isn’t merely a list of “top stocks.” It’s an overview of what countless experienced DIY investors currently possess—based on how frequently a stock is represented in member portfolios (not the size of the holdings). Mike clarifies why this distinction is essential and how the list can inspire research ideas without mindlessly emulating others.

Why “I don’t like this stock” doesn’t imply “it’s a poor company.”
Mike outlines a distinct separation between high-quality companies and those that are ideal for dividend growth investors. You’ll grasp the contrast between a stock that may still be beneficial for income-oriented investors versus one that turns into “dead money” when the Dividend Triangle falters.

TELUS: the dividend freeze that altered the thesis
Mike details what made TELUS so attractive (the unique growth + income combination in a defensive sector), then clarifies why the dividend freeze marked his firm stop. The crucial point isn’t solely the freeze—it’s what it indicates about cash flow challenges, debt management, and the long-term expense of funding dividends through DRIPs and share issuance.

Canadian Tire: a legendary brand, but the Dividend Triangle has dimmed
You’ll discover what Mike still appreciates (scale, private labels, distribution strength) and what has let him down: uneven growth, a more volatile stock price, and dividend hikes that have dwindled to “barely thrilling.” If you possess it, this section aids you in determining whether you’re holding a dividend grower… or a seasoned income investment.

Scotiabank: why Mike places it last (even if it remains a good payer)
Mike refrains from criticizing the business—he positions it against competitors. He explains why a higher payout ratio, elevated yield, and sluggish dividend growth have kept BNS lagging behind the other Big Six banks in his analysis, and why one strong year doesn’t change a decades-long contest.

Starbucks: when a cherished brand ceases to be a smart investment
Starbucks was once a “darling” in Mike’s portfolio—until the growth story shifted. You’ll learn what faltered: decelerating momentum, increased competition, operational hurdles, and dividend growth that transitioned from thrilling to minimal. This serves as a guide in distinguishing “I adore the product” from “I value the stock.”

The overlooked skill: selling strategies that shield you from yourself
Mike discusses the difficulty of parting with a losing investment—and why “buy and hold indefinitely” can become costly guidance. You’ll discover how straightforward, objective rules (particularly regarding dividend growth and financial indicators) eliminate emotions from the equation and simplify your annual portfolio assessment.

The “replacement strategy” that eases selling
It’s simpler to divest when you have a clear idea of where the funds will be redirected. Mike explains how he conceptualizes substituting a weaker position with a stronger idea—sometimes even outside the initial sector—and how gradual rotations can occur naturally as opportunities evolve.

Related Content
This New Year mini-series is designed for investors who seek a solid plan for 2026—without being overwhelmed by market noise. In six brief episodes, Mike and Vero explore where markets stood in 2025, what might disrupt portfolios in 2026, how to approach high-yield stocks cautiously, and how to refine your process to invest with confidence.

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This podcast episode is brought to you by Dividend Stocks Rock.