The Globe and Mail reports in its Tuesday edition that Paul Carter of Capstone Asset Management in Langley, B.C., is keen on Power Corp. ($60.72). The Globe's Brenda Bouw writes that Power Corp. is a stock his firm started buying in October, 2024, at around $44 a share. Power is a diversified conglomerate with holdings across insurance and wealth management, including 69 per cent of Great-West Lifeco and 63 per cent of IGM Financial. About two-thirds of Power's value comes from its stake in Great-West, which has been posting strong double-digit earnings growth recently, driven by its wealth and group benefits businesses. At the current stock price, Power's market cap roughly equals its Great-West stake, meaning as a shareholder, you are effectively getting the other businesses for free. The stock trades at about a 17-per-cent discount to its net asset value. "While that discount has narrowed since we first bought the stock, we believe there's still room for it to tighten further," Mr. Carter says. "Even if it doesn't, Power will continue to benefit from the growth of its underlying businesses. On top of that, Power pays a quarterly dividend that annualizes to 4.1 per cent," and has regularly increased it.