Viewing Expert Alex Ruus | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Alex Ruus , Portfolio Manager

Arrow Capital Management

Bio:

 


Date Signal Chart Symbol Company Opinion Price
2017-08-01 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. We are in a kind of Goldilocks environment in that there is slow economic growth. The one problem is that central banks are inclined to be raising rates. It has been a while since we have had a correction, and that could be the catalyst for our first 5% correction for some time. The US and Chinese economies are growing probably as strong as they have for a year or 2. That gives central banks the ability to start to slowly taper back to a tighter monetary policy. There are certain areas of the market that are being left behind because of the craze over ETF’s that are flooding their market into a smaller and smaller cadre of really big large cap companies that are leading the market. There is a lot of stuff getting left behind, and there is a lot of value there. It shows up in terms of takeover activity.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
_N/A
2017-08-01 COMMENT Must be logged in to use chart AAPL-Q Apple

Just reported and looks like they had a pretty decent quarter. He would caution that on a very long-term perspective, leaders eventually always get toppled. This one probably has a more sustainable handset model than any of the previous leaders. Sales climbed like crazy for many years, but are basically flat lining now. They will be under margin pressure because they’ve filled the market with their high-priced phones, but the broader population in the emerging markets can’t afford an iPhone. He sees Android taking a bigger and bigger market share. He would be cautious.


Price:
$150.050
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-08-01 TOP PICK Must be logged in to use chart AD-T Alaris Royalty

This became public about 10 years ago and has done extremely well over the long-term. They’ve had a few issues in the last couple of years, and the stock has struggled because of that. Dividend yield of 7.1%. (Analysts’ price target is $24.00.)


Price:
$22.680
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-01 PAST TOP PICK Must be logged in to use chart ANTM-N Anthem Inc

(A Top Pick Sept 6/16. Up 53%.) The number 2 health insurer in the US. They are primarily in 13-14 states and tend to be the #1 provider. Has about a 2% dividend yield. Trading at only around 14X earnings.


Price:
$186.670
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-01 SELL Must be logged in to use chart BA-N Boeing

(Market Call Minute.) Good solid company, but not a big grower and is super expensive now.


Price:
$239.440
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 COMMENT Must be logged in to use chart BB-T BlackBerry

(Market Call Minute.) There is an interesting revival happening here. He is still doing a lot of homework on this. There is a lot of technology risk here.


Price:
$11.910
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-08-01 HOLD Must be logged in to use chart CAE-T CAE Inc

The world leader in aircraft simulators. They have a dominant market share in that sector. Most of the major airlines buy from this company. Stock is starting to get a little pricey.


Price:
$21.290
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 BUY on WEAKNESS Must be logged in to use chart CP-T Canadian Pacific Rail

(Market Call Minute.) Rails are a great business, and this one has corrected a bit. Would prefer something like Union Pacific (UNP-N) or Canadian National (CNR-T).


Price:
$195.930
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 BUY Must be logged in to use chart CSCO-Q Cisco

He likes this. As far as network deployment, they are still in the thick of things, central to everything that is going on. It had a slight correction after the last quarter after coming out with a fairly dour forecast.


Price:
$31.650
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 COMMENT Must be logged in to use chart CVS-N CVS Health Corp

A solid company. The #2 drug store in the US, as well as being involved in the pharmacy benefits management business, which has been a super profitable business over time, but is now under pressure. Feels the whole PBM business could be under a bit of profit pressure for the next several years. He would prefer a health insurer.


Price:
$79.700
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 PAST TOP PICK Must be logged in to use chart ECN-T ECN Capital

(A Top Pick Sept 6/16.) Split into 2 companies. ECN Capital (ECN-T) was up 21%, while Element Fleet Management (EFN-T) was down 11%. He likes both.


Price:
$3.950
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-01 PAST TOP PICK Must be logged in to use chart EFN-T Element Fleet Management

(A Top Pick Sept 6/16.) Split into 2 companies. ECN Capital (ECN-T) was up 21%, while Element Fleet Management (EFN-T) was down 11%. He likes both.


Price:
$9.650
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-01 COMMENT Must be logged in to use chart FLY-X Flyht Aerospace Solutions

A great little Calgary-based company. An Infotech provider to aerospace. It has been around for about 15 years, and just recently emerged into profitability. This is the type of leader of tomorrow that he likes to invest in. A very cheap stock. It provides smart black box streaming off planes. They sell their product to the airlines as a streaming service, which helps the airlines maximize profitability of their planes.


Price:
$2.420
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 TOP PICK Must be logged in to use chart FRU-T Freehold Royalties

Very similar characteristics to PrairieSky (PSK-T). Historically people preferred PrairieSky because it was bigger and was absolutely a 100% pure royalty story. This one has had some working interest properties, and they are now getting rid of those, and is already 90% royalties, and will soon be 100%. Dividend yield of 4.2%. (Analysts’ price target is $16.50.)


Price:
$14.020
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-01 WAIT Must be logged in to use chart GD-N General Dynamics Corp.

This has had a great run. It has done really well since Mr. Trump was elected in November. He would stay away over the next 3 months. We are coming up to the US debt ceiling limit in the fall, and it is going to be very interesting to see what happens. One of the worst places to be, could be defence stocks. The stock did really well over the past year, so it is really expensive now.


Price:
$196.530
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 PAST TOP PICK Must be logged in to use chart GILD-Q Gilead Sciences Inc.

(A Top Pick Sept 6/16. Down 0.4%.) This was in a downtrend, but has finally broken into an uptrend. A cheap, cheap stock, trading at a single digit PE. The #1 provider of HIV drugs globally, and the #1 provider of hepatitis drugs. About 2-3 years ago, they introduced a revolutionary Hepatitis C drug which cured, so the inflow of patients dropped off. Pays about a 3% dividend. Cheap, cheap stock.


Price:
$75.700
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-01 HOLD Must be logged in to use chart HD-N Home Depot

(Market Call Minute.) A leader in home improvement retail. A little ahead of where he would like to buy it. Weak Buy to a Hold.


Price:
$149.850
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 COMMENT Must be logged in to use chart LUN-T Lundin Mining Corp.

Mining is a difficult business. When he is investing in resources, he much prefers oil and gas. The companies tend to be much more diversified on a property perspective. This company is an example of one that has been well-managed. They keep their capital allocation hat on and really go after the best properties. He would have this as a Hold to a Buy.


Price:
$9.160
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 TOP PICK Must be logged in to use chart MSFT-Q Microsoft

He likes the Web services. This has had a good run over the last year, but thinks it is justified by the evolution of the company picking up LinkedIn. A real competitor to Amazon and Web services. Dividend yield of 2.1%. (Analysts’ price target is $82.00.)


Price:
$72.580
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-01 BUY Must be logged in to use chart NEPT-T Neptune Tech & Bioresource

A super frustrating stock. It has been discarded by the market because it has taken much longer to recover. New management came in about 2 years ago, and have done an excellent job. Last year they more than doubled revenues and turned it profitable after a number of years of struggling. The really exciting part is that they own 35% of Acasti Pharmaceuticals. In his viewpoint, this is a huge opportunity. The stock is trading around a $25 million market cap, and they have almost $10 million in cash. Going into phase 3 trials, and thinks their drug has multi-billion-dollar potential.


Price:
$1.080
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 COMMENT Must be logged in to use chart NVDA-Q Nvidia Corp

Great tech company, but really expensive. It has had a huge run and he would stay on the sidelines until there is a huge ramp up in earnings to justify the ramp up in the stock price.


Price:
$164.490
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 BUY on WEAKNESS Must be logged in to use chart ORCL-N Oracle

He likes this, but doesn’t own it. A leader in databases and a number of other areas in software. They are starting to make some progress, and he would categorize this as a more conservative way to play technology. It has had a run, so he wouldn’t be a buyer here. In the lower $40, it would be quite interesting.


Price:
$50.160
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-08-01 HOLD Must be logged in to use chart SBUX-Q Starbucks

(Market Call Minute.) A great company, and he would classify it as a Weak Buy to a Hold. If it dropped another 10% he would definitely be a buyer.


Price:
$54.730
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 DON'T BUY Must be logged in to use chart SHOP-T Shopify Inc.

The market leader in what it does. They help small businesses get an online presence effectively. They’ll become profitable eventually. At these levels, you are factoring in 10-20 years of growth, and taking a lot of risk. The company has not made a penny of earnings yet. If it went down 50%-60% he would be interested, but not at these levels.


Price:
$130.610
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-08-01 BUY Must be logged in to use chart SPE-T Spartan Energy Corp

A solid Junior to intermediate oil producer. The energy sector took quite a beating in the 1st half. Feels energy is probably in a bottoming process. This is one of the companies that has kept themselves in good shape from a balance sheet perspective. A relatively low cost operation. Good properties in southern Saskatchewan.


Price:
$6.010
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 HOLD Must be logged in to use chart V-N Visa Inc.

Great, great company. One of the central players in the electronic commerce. Purchases of anything are happening increasingly electronically, and the credit cards are right at the front of that. Great franchise and great business, but it is trading at a 52-week all-time high. Expensive.


Price:
$100.870
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 COMMENT Must be logged in to use chart WFC-N Wells Fargo

(Market Call Minute.) There is an interesting revival happening here. He is still doing a lot of homework on this. There is a lot of technology risk here.


Price:
$54.080
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-01 COMMENT Must be logged in to use chart WMT-N Wal-Mart Stores Inc.

Widely viewed as an old time conventional huge retailer. He is positively predisposed towards it. They are one of the biggest Internet retailers. Feels this is going to be right up there as being one of the successful long-term e-retailers.


Price:
$80.500
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-05-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The 3 US government houses are aligned, which is a big deal. That is good for the economy, and we have already seen a pickup in business in consumer confidence. We are starting to see a pickup in economic growth in the US. When the US gets better, that is great for Canada as its biggest trading partner, and that will be positive for stock markets. The corporate tax cut plan of 35% to 15% could probably be brought down to 20%. The direction is the important part. Probably most important from a tax perspective is some movement on the repatriation of capital from foreign subsidiaries.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
_N/A
2017-05-15 COMMENT Must be logged in to use chart AABA-Q Altaba Inc

From a sum of the parts basis, this is undervalued. The risk is that you have to be careful of Chinese companies. The primary value in this company is there shareholding in Ali Baba (BABA-N). There is a lot of great growth in China, but Ali Baba does not pay a dividend. If something bad happens in China, the primary determinant in this stock is going to get hit.


Price:
$49.860
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2017-05-15 PAST TOP PICK Must be logged in to use chart AD-T Alaris Royalty

(A Top Pick April 21/16. Down 29.47%.) A company that has done really well building a really well run business. Kind of a unique model. It is kind of like a royalty on non-resource companies. A great buying opportunity. Dividend yield of 8% which is sustainable. The stock is worth about $30.


Price:
$20.070
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-15 TOP PICK Must be logged in to use chart ANTM-N Anthem Inc

A great story. The stock has done really well over the last 10 years. The 2nd largest health insurer in the US. It helps to deal with some of the escalating health-care costs problems. Generates gobs and gobs of free cash flow. Trading at about 13X next year’s earnings. Dividend yield of 1.4%. (Analysts’ price target is $191.)


Price:
$182.300
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-15 HOLD Must be logged in to use chart BBI-X Blackbird Energy Inc

A great little small cap in the energy sector. They own a nice block of land in the Montney, and have done a good job of moving the story forward. Drilling a number of wells this year, and tying in production.


Price:
$0.490
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 COMMENT Must be logged in to use chart CCL.B-T CCL Industries (B)

A well-run Canadian company. Involved in packaging, and recently developed some innovative technology aspects in packaging. He likes the company, but at these prices this would definitely be at least a Hold if not a Sell. It is really rich compared to historic trading valuations.


Price:
$305.880
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 COMMENT Must be logged in to use chart CP-T Canadian Pacific Rail

Great company. One of 6 major rails in North America. From a long-term perspective, they are all great holdings. This had a fantastic run from 2011 to 2015. It is still in a consolidation phase. The entire rail space is pricey from his perspective, and he has a hard time finding anything to buy in the sector. This would be a Hold to a Weak Sell. On pullbacks, these are very interesting stocks.


Price:
$217.490
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 BUY Must be logged in to use chart ECI-T EnerCare Inc

Good solid company. They made a big acquisition to enter the US market last year. Now is probably a good time to be buying the stock as it has had a pullback off its recent high.


Price:
$18.670
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-15 HOLD Must be logged in to use chart ESI-T Ensign Resource Service Group

The 2nd largest driller in Canada with significant international drilling operations as well. This is a derivative play on the energy sector. Unlike some of the other service companies, it has not performed that well from a stock perspective.


Price:
$7.240
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 BUY on WEAKNESS Must be logged in to use chart FB-Q Facebook

A great company. A leader in social media and continuing to grow strongly. A lot has been reflected in the stock. They are continuing to perform really well. In the next 2 to-3 years, the stock will go higher again. He would wait for a pullback.


Price:
$150.190
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 BUY Must be logged in to use chart FLY-X Flyht Aerospace Solutions

A great little aerospace technology story, based out of Calgary. They have a smart “black box” which has following capabilities as well as flight data monitoring capabilities. They allow airlines to operate more efficiently. It has taken a while for them to develop a market, but it has now turned profitable in the last year. The stock is quite undervalued here. If you buy it today, 12 to 24 months out you will be very, very happy.


Price:
$0.240
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 TOP PICK Must be logged in to use chart FRU-T Freehold Royalties

Energy prices are slowly gravitating upwards, but we are still probably a year or 2 sideways in oil prices. The key to successful investing is keeping costs low, and you can’t get lower costs than what the royalty companies have. This company has a great portfolio of royalty properties. Dividend yield of 4.3%. (Analysts’ price target is $16.75)


Price:
$14.010
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-15 PAST TOP PICK Must be logged in to use chart GILD-Q Gilead Sciences Inc.

(A Top Pick April 21/16. Down 33.5%.) World’s largest provider of HIV medication. In the last 3-4 years, it became the market leader in providing hepatitis C medication, which actually cures the patient. It has a 13% free cash flow yield and trades at about 8X earnings with over a 3% dividend that will increase every year for the next several years. This is worth in the $90’s.


Price:
$65.950
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-15 PAST TOP PICK Must be logged in to use chart MG-T Magna Int'l. (A)

(A Top Pick April 21/16. Up 16.76%.) This continues to grow, despite all the skeptics saying the auto cycle is coming to an end. Trading at 7X next year’s earnings and 3.9X EBITDA, which is unheard of for this size of company. 2.5% dividend, which increases every year.


Price:
$62.540
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-15 TOP PICK Must be logged in to use chart MSFT-Q Microsoft

This blue-chip stuff that you want to invest in, in the Tech sector. They are going to connect in market services with Amazon (AMZN-Q). A great balance sheet with tons of cash. Trading at around 18X 2019 earnings. Thinks it still has another 20%-30% to go. Dividend yield of 2.3%. (Analysts’ price target is $75.)


Price:
$68.430
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-15 STRONG BUY Must be logged in to use chart NEPT-T Neptune Tech & Bioresource

This is really, really undervalued here. This owns 35% of Acasti Pharmaceuticals, manufacturer of a drug which has great test results in reduction of hypertriglyceridemia, as well as having positive benefits for lowering your LDL and increasing HEL cholesterol. They are going to be going into phase 3 in the next 12 months. Over half the value of the company is represented by cash on the balance sheet. Their main business is krill oil and nutraceuticals, which was struggling for a while. They’ve turned this around and are starting to make some acquisitions.


Price:
$1.360
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-15 HOLD Must be logged in to use chart OTEX-T Open Text

One of the largest Canadian software companies which has a combination of some organic growth along with a consolidation play. Very well-run. The stock has done extremely well, and is probably going to be in a sideways pattern for a while.


Price:
$44.300
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 BUY Must be logged in to use chart PEY-T Peyto Exploration & Develop.

Very, very solid Western Canadian gas producer. Like a lot of the energy stocks, the past 6 months have been very painful. It is undervalued, and you get paid a nice dividend to wait.


Price:
$26.110
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 BUY Must be logged in to use chart QCOM-Q Qualcomm

The global leader in wireless technology licensing. They have 2 businesses, licensing their wireless technology to other companies and producing conductor chips for the wireless area. The stock has been choppy over the last year. Apple (AAPL-Q) has basically stopped paying them, being unhappy with the terms. A good franchise, and with a pullback, this is good value here. 4.1% dividend yield.


Price:
$55.400
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 DON'T BUY Must be logged in to use chart SHOP-T Shopify Inc.

A great Canadian success story. It enables small retailers to sell online. He wouldn’t touch this here as it is crazy, crazy expensive. The company has yet to turn profitable, but is expected to this year.


Price:
$128.970
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 COMMENT Must be logged in to use chart SPE-T Spartan Energy Corp

A good, little, oil/gas producer in Southern Saskatchewan. A well-run company with good management. Trying to pick a bottom on this is a tough one, but a year from now, he would expect the stock to be higher.


Price:
$2.420
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 HOLD Must be logged in to use chart SU-T Suncor Energy Inc

Canada’s largest oil producer. Solid, solid company. This has done really well over the last year, and is probably going to be in a holding pattern for a while. Relatively expensive compared to other stocks in the sector. Depending on commodity prices, it should gravitate upwards.


Price:
$43.850
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-15 DON'T BUY Must be logged in to use chart TWTR-N Twitter, Inc

Despite having a fairly prominent name and a place in the media, they really haven’t learned to make money yet. He has never owned this stock. He continues to watch it with interest, but at these levels he wouldn’t touch it.


Price:
$19.230
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2017-05-15 BUY Must be logged in to use chart VZ-N Verizon Communications

US’s largest cell phone provider. He likes the sector. Growth in North American wireless has slowed down quite a bit. We are reaching a relatively high level of penetration, and there is not going to be as much growth as there has been over the last 10 years. However, these companies continue to generate a lot of free cash flow. They are great businesses, and he likes to buy the market leader in this type of business. From his perspective, this company has the best network, so they get the highest value customers.


Price:
$45.380
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-15 SELL Must be logged in to use chart WEED-T Canopy Growth Corp.

A hot, hot space in the Canadian market these days. He owns nothing in marijuana. If he did, he would be trimming his positions if not exiting altogether. The stocks have had massive runs. There is an opportunity in the longer-term, but if you look at the market valuations relative to the actual profit generation opportunity over the next 5-10 years, they are super expensive. He would urge taking profits.


Price:
$8.260
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2017-02-21 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. There is more bullishness. Canadians, with our much more centric political viewpoint, have taken the Trump election much more cautiously than the US, which are putting the pedal to the metal, as they are realizing it is really, really good for business. Canadians are slowly starting to clue in that it is really good for the US economy, and consequently good for Canadian and global economies. We will get indigestion in certain areas as we move on through 2017, but in other areas we will get some very positive results.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
_N/A
2017-02-21 SELL Must be logged in to use chart AAPL-Q Apple

(Market Call Minute.) A great company, but it is coming up to an unsustainable earnings level and their margins are going to be under pressure in the future.


Price:
$136.700
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 PAST TOP PICK Must be logged in to use chart AD-T Alaris Royalty

(A Top Pick Feb 2/16. Up 3.97%.) This has been a phenomenal long-term performer. The market has become very quantitative and momentum driven. The stock is now stabilizing and it is a great buying opportunity.


Price:
$23.200
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-21 PAST TOP PICK Must be logged in to use chart ANTM-N Anthem Inc

(A Top Pick Feb 2/16. Up 31.82%.) The #2 healthcare insurer in the US. Healthcare has been out of favour in the last year, but even with that this has made decent money. A testament to what a great quality business is. A fantastic cash generating business. Undervalued, trading at 12X 2018 earnings. Dividend increases every year, and they buy back stock.


Price:
$164.220
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-21 BUY Must be logged in to use chart BIR-T Birchcliff Energy Ltd.

(Market Call Minute.) A solid, solid gas producer on the West Coast.


Price:
$7.580
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 HOLD Must be logged in to use chart BMY-N Bristol Myers Squibb

A big legacy pharmaceutical company that has undergone a bit of a Renaissance in the last 5 years. One of the 2 big pharmas (along with Merck (MRK-N)) that have become leaders in cancer immunotherapy area, a fast growing area. In mid-2016 the stock really dropped because of a negative trial result. He likes this longer-term, but you have to be cautious because they are going through some turbulence. The stock still isn’t cheap. If it got down to around the 52-week low, that would be an area to start looking.


Price:
$54.780
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 BUY Must be logged in to use chart BUD-N Anheuser Busch Companies Inc.

(Market Call Minute.) This would be a Buy on weakness, and we are now at that weak point.


Price:
$109.330
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 BUY Must be logged in to use chart CPG-T Crescent Point Energy Corp

One of Canada’s preeminent oil companies. The largest landholder on the Canadian Bakken play in Saskatchewan, and have built a very big company on the back of that. One of the more profitable oil plays. We are now in a bottoming and slowly rising process now with oil prices. This is probably one of the better plays in the Canadian energy patch. A lot of institutions have a sour taste because of past transactions. A good investment.


Price:
$16.310
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 HOLD Must be logged in to use chart CRT.UN-T CT Real Estate Invest Trust

(Market Call Minute.) Owns a lot of Canadian Tire retail holdings.


Price:
$15.330
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 BUY on WEAKNESS Must be logged in to use chart CTC.A-T Canadian Tire Corporation Ltd. (A)

(Market Call Minute.) A great, long term, Canadian retail franchise. It’s close to its 52- week high.


Price:
$156.740
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 TOP PICK Must be logged in to use chart EFN-T Element Fleet Management

This is one of 2 parts that was spun out from the old Element Financial. North America’s leading fleet manager and growing organically as well as rolling up other fleet managers over time. They also have some fleet management in other parts of the world. Also, have a lot of peripheral services that they can provide to customers. Trading at 11X next year’s earnings. Dividend yield of 0.71%, which will probably be increased every year. He can see 40% upside from here. (Analysts’ price target is $14.66.)


Price:
$14.030
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-21 HOLD Must be logged in to use chart EIF-T Exchange Income

(Market Call Minute.) A good, well-run company. It has had a heck of a run over the last year.


Price:
$39.640
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 COMMENT Must be logged in to use chart FLY-X Flyht Aerospace Solutions

An “Internet of things” company in a way, but for the aircraft industry. Provides critical data streaming from planes to the ground, and are the leader in that segment. Over time, this will become a global standard. They struggled for a number of years and just became profitable this year. It has great things ahead of it. Thinks the stock goes significantly higher.


Price:
$0.270
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 HOLD Must be logged in to use chart HBC-T Hudson Bay Co.

(Market Call Minute.) Going through a bit of choppiness. Real estate is probably worth a lot, relative to the share price. Until you actually see that realized, weakness in their retail operations could put pressure on the stock.


Price:
$12.360
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 SELL Must be logged in to use chart IBM-N IBM

This has done pretty well in the last year, but that is after a five-year period of choppy performance. It has rallied out of the Trump election, and is probably not sustainable over a longer-term basis. They are a little behind the curve in terms of where technology is moving these days. It is more of a trading range stock now, and is at the higher end of its range. If it got closer to its 52 week lows, it would be a Buy again.


Price:
$180.260
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-02-21 HOLD Must be logged in to use chart MCK-N McKesson Corp

One of 3 really big pharmaceutical distributors in the US. A perfect example of short-term versus long-term investing. Healthcare has been a tough sector for the last year. Politically, it always has a big target on it back. He expects the sector as a whole to do a lot better this year. They are working in an oligopoly type structure now. They’ve had a lot of margin expansion over time, which may have ended. Longer-term he likes this, but in the short term it is going to struggle.


Price:
$150.890
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2017-02-21 TOP PICK Must be logged in to use chart MG-T Magna Int'l. (A)

The biggest auto parts manufacturer in Canada, and the 2nd globally. One of the most underappreciated Canadian success stories. He continues to be defied by the valuation in this market where we have Shopify (SHOP-T) trading at 100X 3-4 years out earnings, and you can buy this one at 7X next year’s earnings with a dividend that increases every year and they buy back stock. Dividend yield of 2.25%. (Analysts’ price target is $65.37.)


Price:
$59.890
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-21 PAST TOP PICK Must be logged in to use chart MSFT-Q Microsoft

(A Top Pick Feb 2/16. Up 25.38%.) A nice performer. One of those great tech companies that is sticking with what is working and evolving with technology. They and Amazon (AMZN-Q) are neck and neck for Web services now. Amazon has the early lead in that business, but this company is better positioned to potentially become the longer-term winner because of their historic legacy relationships with businesses. 10% of their market cap is in cash. They pay a nice dividend and buy back a lot of shares. Thinks it is going higher.


Price:
$64.490
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-21 COMMENT Must be logged in to use chart NEPT-T Neptune Tech & Bioresource

He is quite excited about this. His 52-week target is $3. They had a really good quarter. The 3-year chart shows it has been a little tough. The old management left something to be desired. New management came in about 1.5 years ago, and have done a phenomenally good job of getting it turned around. It is now making money. Made a great acquisition last year and made some great strategic moves. They are settling all the lawsuits and making peace with the industry and moving forward. They’ve diversified the business and made a great acquisition last year for making special formulations of special health products. A cheap stock, trading at about 10X next year’s earnings.


Price:
$1.350
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-21 DON'T BUY Must be logged in to use chart RIO-N Rio Tinto

One of the globes biggest mining companies. Before investing in any of these things, you have to figure out what resource prices are going to do over the course of the coming year. The mining sector tends to be a real momentum play. The stocks right now are running in a positive direction. Feels that they have surged up too far now.


Price:
$46.150
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2017-02-21 SELL Must be logged in to use chart SHOP-T Shopify Inc.

This will soon be a great company, but he finds the valuation they receive interesting. Unfortunately, they don’t make money yet. They’ve been losing money every day so far. Have a lot of cash on the balance sheet and are rapidly increasing sales, and a year from now they should be profitable. Feels the valuation is out of control. If we get any kind of pullback, look for a sharp correction because there is no earnings support. Even looking out over 5 years, he can’t justify the valuation.


Price:
$82.890
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2017-02-21 SELL Must be logged in to use chart SIS-T Savaria Corp

A very interesting little Canadian company out of Montréal. Has done a great job of growing their business. They provide chairlifts for old and disabled people in homes, and small elevators for residences. Have been growing nicely over the last several years. He likes the business longer-term, but the stock has had one heck of a run, and the stock is pretty expensive. If you own the stock, he would be trimming, if not Selling it.


Price:
$10.860
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2017-02-21 COMMENT Must be logged in to use chart SLF-T Sun Life Financial Inc

Doesn’t own any insurers. However, long term, the Canadian insurers have been good businesses and have done quite well. Trying to figure out earnings, etc. is very difficult. A lot of these big financial institutions are big black boxes, and you don’t really know what is inside. In financial investments, you are probably better off with US financials.


Price:
$49.080
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2017-02-21 TOP PICK Must be logged in to use chart UPS-N United Parcel Services

The world’s largest, global logistic company. The largest provider of small package and document delivery in the world. There was a little disappointment with their earnings last quarter and the stock pulled off, making it a great buying opportunity. Trading at 16X next year’s earnings and a 5% free cash flow yield. Dividend yield of 3.08%. (Analysts’ price target is $115.)


Price:
$107.720
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-21 HOLD Must be logged in to use chart ZCL-T ZCL Composites Inc.

(Market Call Minute.) An outstanding Edmonton-based company. A leader in the underground fibre glass storage tank market. Below $10, he would be a strong buyer.


Price:
$12.700
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-05 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. We are in a strong seasonal period, and with the Trump election, people have come to the realization that although there are quite a few unknowns, net/net it is a pretty positive development for markets in the near term for a potential stimulus and confidence in the economy. In the last 5 years, we have had an economic recovery, but it has been a grudgingly slow economic recovery. A lot of that had to do with business confidence. One potentially exciting thing that comes out of the Trump election is that we could get some higher confidence, where businesses start to invest a little more. Thinks Trump and both houses are positive for the economy, and we are going to see slightly better than expected growth. Also, with the potential tweaking of tax rates, there could be stronger than expected growth, which is very positive in this low interest rate environment.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
_N/A
2016-12-05 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Marijuana? These have had huge runs. None of them are really making money, and some of the valuations are absolutely nuts. If he were doing anything in the sector, he would be Shorting some of these. To him it is just inevitable that eventually the valuations are going to go down.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 WAIT Must be logged in to use chart ACQ-T AutoCanada Inc.

Canada’s largest retailer of automobiles, using somewhat of a rollup strategy. Western based retailer, with almost 50% of sales exposure in Alberta, which explains the meltdown in the last 2 years. The chart looks like it is starting to bottom, but he is still on the sidelines. Wait until next year before getting involved.


Price:
$20.240
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 PAST TOP PICK Must be logged in to use chart AD-T Alaris Royalty

(A Top Pick Dec 7/15. Up 6.72%.) Great long-term growth story, that went through a bit of a hiccup in the last year. Has been buying in the last month. This has been operating and growing continuously for 13 years. This may be the 1st year that they end up with flat, too little bit down, earnings. Pays a 7%+ dividend, and trades at around 12X earnings, and at 1 or 2X Book. Good management.


Price:
$23.000
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-05 TOP PICK Must be logged in to use chart ANTM-N Anthem Inc

This has been a long term holding for him, and has done really well owning it. He took some profits about 1.5 years ago during the merger mania, when this company announced its merger with Cigna, and since that time you can see the peak, and the stock has tailed off until just recently. The Obama administration were really pushing back against mergers, and there is a much better prospect that the mergers will go forward. The stock is really cheap trading at 12X earnings, and it should trade closer to a market multiple. Dividend yield of 1.8%. (Analysts’ price target is $155.88.)


Price:
$144.090
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-05 BUY Must be logged in to use chart BAC-N Bank of America

(Market Call Minute.) He likes the US banks.


Price:
$21.840
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-05 COMMENT Must be logged in to use chart C-N CitiGroup

One of the largest banks in the US, and in the world. This sector is probably a good area to be involved in for the next year or so. US banks were under a bit of pressure with a slower than expected rise in rates. Now, with a Trump victory, the prospects are for slightly faster growth. Has a relatively low dividend level, but it is a safe dividend and you are likely to see increases in the coming years.


Price:
$57.280
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-05 COMMENT Must be logged in to use chart CCO-T Cameco Corporation

For a 5+ year hold? On a 5-year basis, even on a 1-year basis, he would say this is definitely a Buy. It has undergone a fair bit of pressure in the last year, which has to do with the Spot uranium price, which has been very, very weak. Also, they are going through a tax battle with revenue Canada.


Price:
$12.950
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-05 DON'T BUY Must be logged in to use chart CET-T Cathedral Energy Services

There is starting to be some interest in oilfield services. His initial reaction is to continue to stay away. A lot of these companies are continuing to lose a fair bit of cash. A lot of stocks are starting to turn in anticipation of improving conditions. While drilling activity has started to pick up, and there are talks of potential price increases at the field level, it will be a muted approach and a muted response in pricing, which will restrain profitability for quite a while. Essential Services (ESN-T) would be a more substantial, safer pick in this area.


Price:
$0.510
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 SELL Must be logged in to use chart CRH-T CRH Medical Corp.

A good little Canadian medical story. Operates primarily in the US, and has been rolling up some healthcare services. He is cautious in this area right now. The US health business is pretty complicated right now, as there are a bunch of pieces to it, unlike the Canadian system. One segment of this company has a fair bit of “off network” business, which pays much better than being paid by Medicare and Medicaid, but sometimes it is hard to get paid, as insurers take their time. Companies like this could be under a bit of pressure next year, so he would be cautious. At this point he wouldn’t be owning it.


Price:
$7.530
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 COMMENT Must be logged in to use chart ECI-T EnerCare Inc

(Market Call Minute.) He likes this and thinks it is going higher over the next year.


Price:
$18.150
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-05 PAST TOP PICK Must be logged in to use chart EFN-T Element Fleet Management

(A Top Pick Dec 7/15. Down 9.54%.) Broke into 2 pieces. One is Element Financial and the other is Element Fleet Management (EFN-T), North America’s biggest fleet management. The other is ECN Capital (ECN-T) with railcar and equipment leasing. They missed in the last quarter which is why the stock seemed a little weak, but the long-term growth story in both companies is excellent, and he has been adding both to his portfolio.


Price:
$11.780
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-05 COMMENT Must be logged in to use chart ESN-T Essential Energy Services Ltd.

An oilfield services company. Longer-term, he likes this. They are the Western Canadian leader in the coil tubing service business. Long-term, there is a good opportunity in this space. In the short term, he would be a little bit cautious on the entire services space. Profitability is pretty muted.


Price:
$0.600
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 COMMENT Must be logged in to use chart FLY-X Flyht Aerospace Solutions

He likes this very much. Things are going great for them. Their Chinese business has been a particularly bright area. Potentially it looks to accelerate some more next year. With increasing pressure for increased regulation, at some point in the next 2-3 years, you could see something happen that would accelerate adoption in some of their solutions. It is likely going to finish the year profitably.


Price:
$0.195
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-05 TOP PICK Must be logged in to use chart FRU-T Freehold Royalties

An oil/gas royalty company, one of the larger ones in Western Canada. Trading at a discount to its closest comparable, PrairieSky (PSK-T). Dividend yield of 3.43%, and he thinks it could increase next year. (Analysts’ price target is $15.61.)


Price:
$13.990
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-05 DON'T BUY Must be logged in to use chart GLNG-Q Golar LNG Ltd

Hasn’t looked at this for a while. He’s just started doing some work on LNG, as there might be some opportunities. He is looking at Cheniere, which has a new liquids action terminal on the Texas Gulf Coast for exporting North American gas offshore. Golar’s primary business is tankers that take LNG across the oceans. A pretty volatile stock. Like a lot of the shipping businesses, there are really big capital assets in a ship, typically heavily debt levered, and the rates move like crazy depending on supply/demand. Shipping might be a little bit oversupplied, so he is not interested in that area. Longer-term, LNG is a growth business.


Price:
$24.500
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 BUY Must be logged in to use chart JPM-N JP Morgan Chase & Co

(Market Call Minute.) J.P. Morgan (JPM-N) or Wells Fargo (WFC-N)? He likes both, but in the near term, Wells Fargo has some issues, so he would go with this one.


Price:
$83.260
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-05 HOLD Must be logged in to use chart MFC-T Manulife Financial

(Market Call Minute.)


Price:
$23.060
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-05 TOP PICK Must be logged in to use chart MG-T Magna Int'l. (A)

Great, long term chart. Had a pullback over the last 18 months. A great time to get involved. Trading at around 7X earnings. The #2 auto parts company globally. A real innovative company that continues to grow through thick and thin. Cheap. Great balance sheet. Buys back stock. Dividend yield of 2.39%, and you will probably see an increase in the next quarter. (Analysts’ price target is $64.52.)


Price:
$56.530
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-05 PAST TOP PICK Must be logged in to use chart MSFT-Q Microsoft

(A Top Pick Dec 7/15. Up 10.85%.) If he didn’t own a position, he would be buying this today. This company has gone through a bit of Renaissance. It was a tech leader of the 90s, then turned into yesterday’s old technology, but in the last 2 years has had a Renaissance. People now realize that they and Amazon (AMZN-Q) are the global leaders in Web services. This company has certain strategic advantages that could put them in the lead at some point in the future. A great, great generator of free cash flow. Pays a 2.5% dividend, and they buy back shares. Has $63 billion of cash on the balance sheet.


Price:
$60.220
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-05 COMMENT Must be logged in to use chart NEPT-T Neptune Tech & Bioresource

This has had a frustrating share performance. It has been a very satisfying business development year for them. New management has turned operations around and has made it profitable. They are growing the business strongly. Made a great, great acquisition at the beginning of the year. Has 50% operation in the Acasti pharmaceuticals, and the Pharma development angle, should be going into phase 3 trials next year. None of that is reflected in the stock. The stock could easily double or triple in the next year or 2.


Price:
$1.330
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-05 COMMENT Must be logged in to use chart NKE-N Nike Inc

A really solid, multinational company. One of the global Giants in sports footwear and apparel. At these levels, it is starting to look interesting. It has lost a little of momentum, relative to some of the other hot names. It is a marketing machine, and they continue to churn out good quality apparel, and do a brilliant job in marketing and sales. Pulling back into more fairly valued territory, where it becomes interesting. Pays a small dividend that increases every year.


Price:
$51.850
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 SELL Must be logged in to use chart PHM-X Patient Home Monitoring

(Market Call Minute.) He doesn’t like the management.


Price:
$0.165
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-05 SELL Must be logged in to use chart SHOP-T Shopify Inc.

(Market Call Minute.) He likes the company, but it is super expensive.


Price:
$58.990
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-05 HOLD Must be logged in to use chart SMF-T Semafo Inc

(Market Call Minute.) This is a Hold, but it is getting to his Buy point.


Price:
$4.120
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-05 COMMENT Must be logged in to use chart TOU-T Tourmaline Oil Corp

Tourmaline (TOU-T), Seven Generations (VII-T), or Whitecap (WCP-T) for price appreciation? All 3 of these companies are really well run energy companies. They have all done well operationally and stock-wise over the last year. His 1st pick would probably be this one, which has the best combination of quality management and growing its earnings and cash flow, with a relatively reasonable valuation.


Price:
$37.220
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 BUY on WEAKNESS Must be logged in to use chart TV-T Trevali Mining Corp

(Market Call Minute.) If you own, continue to Hold, but you can Buy on weakness.


Price:
$1.390
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-05 BUY on WEAKNESS Must be logged in to use chart V-N Visa Inc.

A global, leading company with a dominant position. Has done extremely well over the last 5 years. It has somewhat flat lined in the last year. A great long-term, really big free cash flow generator that does really well. The multiple might be a little too expensive. Wait for some type of disruption.


Price:
$77.310
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 COMMENT Must be logged in to use chart VII-T Seven Generations Energy Ltd

Tourmaline (TOU-T), Seven Generations (VII-T), or Whitecap (WCP-T) for price appreciation? All 3 of these companies are really well run energy companies. They have all done well operationally and stock-wise over the last year. His 1st pick would probably be Tourmaline, which has the best combination of quality management and growing its earnings and cash flow, with a relatively reasonable valuation.


Price:
$30.740
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 COMMENT Must be logged in to use chart WCP-T Whitecap Resources

Tourmaline (TOU-T), Seven Generations (VII-T), or Whitecap (WCP-T) for price appreciation? All 3 of these companies are really well run energy companies. They have all done well operationally and stock-wise over the last year. His 1st pick would probably be Tourmaline, which has the best combination of quality management and growing its earnings and cash flow, with a relatively reasonable valuation.


Price:
$11.990
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-12-05 COMMENT Must be logged in to use chart WFC-N Wells Fargo

(Market Call Minute.) J.P. Morgan (JPM-N) or Wells Fargo (WFC-N)? He likes both, but in the near term, Wells Fargo has some issues, so he would go with J.P. Morgan.


Price:
$54.350
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-09-06 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. He is meeting a lot of super cautious people that think the end of the world is coming. When the market is undervalued and the individual investor is afraid to put their money to work, private equity steps up, the corporations step up and jump into the void and take advantage of that. The last time we were at these valuations, interest rates were 5% higher than they are now. If you apply Capital Asset Pricing Models (CAPM), multiples should actually be quite a bit higher. Because of that, you could make that the market is undervalued. Companies are looking at this and can borrow money at very low interest rates to make undervalued acquisitions. Investors don’t have to Buy the market. There are a bunch of stocks that are trading at single digit PEs, so you are not paying up for the stuff. It people are willing to spend the time, dig and find the value they can outperform the market over the long-term.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
_N/A
2016-09-06 PAST TOP PICK Must be logged in to use chart AD-T Alaris Royalty

(A Top Pick Sept 21/15. Down 20.42%.) This has a good business model, good management, and a demonstrated record of producing results over time. He is puzzled as to why the stock has come off. Has owned this for 10 years and recently added to his holdings. 7.5% dividend yield and a 10% PE and an almost 10% free cash flow yield. Still a strong Buy.


Price:
$21.700
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-06 TOP PICK Must be logged in to use chart ANTM-N Anthem Inc

A healthcare stock. Very compelling value. Trading at 10X earnings. The US’s #2 managed care organizational health insurer. One of those good news healthcare stories. They are part of the solution of controlling the healthcare system costs. They work in ratcheting down costs for their members. The buyback on this stock has reduced its shares outstanding by 58% in the last 9 years. Dividend yield of 2%.


Price:
$124.290
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-06 HOLD Must be logged in to use chart BABA-N Alibaba Group Holding

(Market Call Minute.) He likes the long-term business model, but you have to be comfortable with China and the risk that is entailed with investing in China.


Price:
$103.780
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-09-06 SELL Must be logged in to use chart BMY-N Bristol Myers Squibb

A very good, well-run, large cap pharma company. A lot of the big caps have been in the doldrums for the last 10 years, and then in the last 2 years, things have kind of picked up for a bunch of them. This one has probably been the best performer of the old-line pharmas. They have become the leader in the cancer treatment called immunotherapy, probably the most rapidly growing area of cancer. Their immunotherapy had a bad trial on another type of cancer, which threw up some caution signs. A super expensive company trading in the 20+ PE. Prefers other players in the area. He wouldn’t hold this one. (See Top Picks.)


Price:
$56.960
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-09-06 SPECULATIVE BUY Must be logged in to use chart CCO-T Cameco Corporation

The world’s largest producer of uranium. The spot price on uranium has been pretty brutal as of late. It goes back to Fukushima several years ago. The Japanese really haven’t started up their nuclear reactors yet. Long-term, this is a screaming Buy. Short-term, this is probably range bound. The next year could be choppy because the spot price is under pressure. Feels that if you bought it today, you would make money on it in 5 years.


Price:
$12.210
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-06 BUY on WEAKNESS Must be logged in to use chart CRH-T CRH Medical Corp.

A good, small-cap, Canadian health care stock. A teensy bit too expensive for him right now. He likes where the business is going. Would be a buyer at the bottom of the 52-week trading range. He likes management and the board. (See Top Picks.)


Price:
$4.750
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-09-06 DON'T BUY Must be logged in to use chart CXR-T Concordia Healthcare

This has big red flashing danger signals. From a long-term investor’s perspective, it is a perfect example of a stock to really watch for when investing. Avoid bad balance sheets. This was built on making aggressive acquisitions with a lot of debt to back it up.


Price:
$10.200
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2016-09-06 TOP PICK Must be logged in to use chart EFN-T Element Fleet Management

Very successful emerging leasing leader. After the 08/09 downturn, the historic leasing companies blew up and this company jumped into the void with a very seasoned management team. It has had a pullback on a recent earnings miss. Trading at 8X next year’s earnings. Going to split into 2 pieces, which he thinks could be a catalyst for the stock in the coming year.


Price:
$13.830
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-06 HOLD Must be logged in to use chart EMP.A-T Empire Company (A)

(Market Call Minute.) Being punished because of the Safeway acquisition.


Price:
$21.650
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-09-06 STRONG BUY Must be logged in to use chart FLY-X Flyht Aerospace Solutions

They provide mostly commercial airlines, along with defence, the ability to download all the critical data off all their planes in real time. This results in reliability and cost savings for the airline. This is a really good opportunity. It has been in a kind of bottoming process for the last 6 months, despite the last couple of quarters hitting new record sales, etc. Really, really cheap. Brought in a new high profile CEO in the last year. Have just had their 1st profitable quarter in their history.


Price:
$0.180
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
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