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

Viewing Expert

Lyle Stein , Sr. Portfolio & Managing Director

Vestcap Investment Management


Date Signal Chart Symbol Company Opinion Price
2017-09-26 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market.He is seeing cracks in the Trump scenario. A lot of things we were expecting such as lower taxes and increased infrastructure spending didn’t happen. The only thing that we kind of got was a move to reduce regulatory red tape in Washington. As investors, we are not as aware of the risks as we should be. There has been a real complacency. Last week, the S&P 500 had the least volatility it has had in 45 years. On average, earnings came in okay, not as good as expected 12 months ago in terms of growth, but were okay. However, if you missed, you got nailed. In this kind of environment, he wants to have a little more cash than usual, to buy those kinds of dips. We haven’t had a correction though. This market has gone on so long without having a material correction.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
_N/A
2017-09-26 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

This has gone through a pretty brutal year. He owns this in certain accounts for the income. Pays a 7.2% yield, and that dividend is safe. They have power plants in California that they need to get contracts for, which is a bit of an overhang. But then they made the GWL acquisition, a gas distributor on the east coast. It is going to take time to settle. The stock went down on no news, which is an interesting signal, physically saying that Selling is done. That is an interesting time to pick up the stock. You are getting paid while you wait.


Price:
$28.870
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 COMMENT Must be logged in to use chart BCE-T BCE Inc.

A good dividend growth story. Well-managed from the perspective that it generates cash to the owners. They are very good to their shareholders. He would attribute the last $5 decline more to the fear of rising interest rates than anything specifically material to the company. Close to a 5% dividend yield is pretty darned good.


Price:
$57.980
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 TOP PICK Must be logged in to use chart CGX-T Cineplex Inc

He likes to look at contrarian opportunities. This is a monopoly movie distribution business in Canada. It had a lousy quarter, and is going to have a lousy quarter coming up. He looks at this like a commodity. Movie cycles come and go. There is good hope on the screen looking forward. It has become a wonderful value opportunity to buy a depressed stock. Dividend yield of 4.4%. (Analysts’ price target is $48.)


Price:
$38.010
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 COMMENT Must be logged in to use chart CLR-T Clearwater Seafoods Inc.

Prefers High Liner (HLF-T) because of protein and the ability to get protein to market. Also, it is a bit of a currency play.


Price:
$9.000
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-26 COMMENT Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

Recently sold this as he trimmed oil stocks. He likes the company and its management. They are buying assets at what he thinks are cheap prices from distressed sellers. Likes the way it’s managed and the exposure they have. A well-run company, but he is a little concerned about the oil patch today. Prefers PrairieSky Royalty (PSK-T) which doesn’t have any operational risks.


Price:
$42.070
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-26 COMMENT Must be logged in to use chart ECA-T Encana Corp

Got hurt in the oil/gas downturn, because they made asset acquisitions at high prices. The assets are working, which is the good news side, but had to do a lot of house cleaning. He just wants to avoid bad balance sheets.


Price:
$14.290
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-26 TOP PICK Must be logged in to use chart ENB-T Enbridge

This has a dividend yield of 4.8%, the highest it has been since 2001. It got punished with the oil sector, and because of all the politics involved. This is a growth business. They are going to grow the dividend at double digits for the next couple of years, and thinks it can continue to grow at double digits beyond that. (Analysts’ price target is $62.)


Price:
$50.940
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 COMMENT Must be logged in to use chart FIE-T iShares Cdn Financial Monthly Income ETF

How do you get your income? A nice way to get it is to own a monthly income ETF, you have to pay a fee for that. The issue is, do you buy your bank shares directly or own a bank ETF, and pay the manager 45 or 50 basis points to have the privilege of getting monthly checks. If you don’t have a lot of capital and you still need it, then it may be a better way than buying individual bank shares.


Price:
$7.230
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-09-26 WAIT Must be logged in to use chart FRII-T Freshii Inc

Slashed its store opening forecast and the shares fell 35%. This hasn’t been seasoned enough to test the mettle of the management team. He would wait to see.


Price:
$5.750
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-26 PAST TOP PICK Must be logged in to use chart G-T Goldcorp Inc

(A Top Pick Nov 30/16. Down 10%.) Gold is up, but this stock isn’t. They changed the CEO 1.5 years ago, and he made changes. Feels it is now a “show me” stock. He sold his holdings.


Price:
$15.920
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-26 BUY Must be logged in to use chart HBM-T Hudbay Minerals Inc.

This has zinc and copper. The stock hit $11.50 and then came down. Did an issue at $10, which he thinks caught the street by surprise. This is a good time to own this. In commodities, he prefers base metals to gold stocks, etc. The best way to do this is to buy this company.


Price:
$8.730
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-09-26 COMMENT Must be logged in to use chart IPL-T Inter Pipeline

Likes this, but likes others better. He likes the area because it has been forgotten. Energy is probably putting in a bottom. We’ve seen a lot of selling pressure in the oil patch, and thinks all midstream type players should do okay. Dividend yield of 6.5%. (See Top Picks.)


Price:
$24.960
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-26 COMMENT Must be logged in to use chart LNR-T Linamar Corp

Auto parts have climbed a wall of worry. Everybody was waiting for the auto cycle to end, to roll over from 17.5 million and go down to 16 million, which it appears to be doing. However, these stocks haven’t done anything, they just continue to make money. Generates lots and lots of cash. The multiple has gone from a very low level to a still cheap basis, because of fears. You want to buy a stock when everybody is afraid. As long as they keep spinning cash, it’s a wonderful business to own. He wouldn’t be adding to new clients accounts today.


Price:
$74.350
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-26 PAST TOP PICK Must be logged in to use chart NPI-T Northland Power Inc

(A Top Pick Nov 30/16. Up 11%.) He still likes this. They are in the electric generation business. A year ago, they were just finishing up the first project. Now they’ve finished the construction of the last turbine, and it should be in full operation by the end of this year. For the next 10-15 years, they’ll just be spinning cash. Thinks they’ll raise the distribution in 2018. A well-run company.


Price:
$23.350
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
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