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
2017-09-26 COMMENT Must be logged in to use chart OTEX-T Open Text

Recently bought this. Had been looking at names that were unduly hurt or had not participated in this big rally, and this one was a screaming opportunity. Had some struggles lately, as the market is trying to digest its recent acquisitions. They have a bit of a tax issue with respect to the US. A good fundamental company with a reasonable amount of earnings. Their acquisition makes sense and will allow them to continue to grow.


Price:
$38.840
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 COMMENT Must be logged in to use chart SHOP-T Shopify Inc.

This has been a good Canadian story. The issue for him is, what do you pay for a good story today. It has very, very high expectations, and is part of the whole disruption world. What they do for businesses is wonderful, and they have a good lock, as proved by the fact that Amazon (AMZN-Q) uses their technology. The issue for him is valuation.


Price:
$140.060
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-26 COMMENT Must be logged in to use chart SU-T Suncor Energy Inc

Had owned this for a long time, but recently sold it. A bigger portion of their business is tied to heavy oil. Prefers Canadian Natural Resources (CNQ-T).


Price:
$42.660
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-26 TOP PICK Must be logged in to use chart TCN-T Tricon Capital Group

A play on the US single family home market. Made an acquisition earlier this year of the Silver Bay portfolio of about 9000 single-family homes, adding to their portfolio of about 8000 homes. This is a back-door way to get US exposure into a Canadian portfolio. Also, the supply of single-family homes in the US has been light. Dividend yield of 2.5%. (Analysts’ price target is $13.63.)


Price:
$10.040
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 COMMENT Must be logged in to use chart TD-T Toronto Dominion

One of his favourite banks. They’ve done an exceptional job of moving into the US market place. A well-known bank brand, and he sees that continuing. It is a back-door way of getting US exposure into a Canadian portfolio. He sees the dividend continuing to grow. A well-managed bank and they don’t make missteps.


Price:
$69.380
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 COMMENT Must be logged in to use chart TECK.B-T Teck Resources Ltd. (B)

Looking at the commodity spectrum, this one comes right to the top of the list, because of the 3 stools, metallurgical coal, zinc and copper. Met coal tanked 2-3 years ago and had a remarkable recovery at over $300 a ton. Collapsed to $150 a ton, and is now trading at around $200 with a bias to probably going lower. That kind of spooked the street. What was forgotten is that this is probably the largest zinc producer, and is trading at multiyear highs. Inventory of zinc globally is about 11 days. Where zinc is a play today, copper should be the play 2-3 years from now. The price is pretty attractive. He would be looking to Buy more than to Sell today.


Price:
$26.070
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 COMMENT Must be logged in to use chart TV-T Trevali Mining Corp

A pure play in zinc. He likes what they did on the acquisition of the Glencore assets, with respect to the share issues they made. Zinc is very, very tight. Supply has been very tight, and he thinks zinc is going to have to get to $1.50-$1.60 soon. Too small for his holdings.


Price:
$1.380
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-09-26 PAST TOP PICK Must be logged in to use chart WFC-N Wells Fargo

(A Top Pick Nov 30/16. Up 4%.) Bought this just prior to the Trump bump, but after they made the first announcement with respect to the deposit issue. He got a good price and a good dividend. The dividend will continue to grow. Trading at 1.2X Book, which is really, really cheap.


Price:
$53.800
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 COMMENT Must be logged in to use chart WHR-N Whirlpool Corp

He continues to like this. Trading at only 14X earnings. Had some recent disappointments. Anticipated the appliance market would grow 4%-6% this year, but it looks like it is going to grow at only 3.5%. This market doesn’t like disappointments. He likes that he is getting a global franchise that has a reasonable currency play because of the weakness in the US$. A well-run company.


Price:
$181.630
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The TSX has had a very difficult year. 2016 was a banner year, and we are giving that back this year in terms of relative underperformance. However, you can forget the impact of the currency. That was the big surprise coming out of the 2nd quarter to now, with the Bank of Canada announcing they were not going to raise interest rates. There was a huge Short covering rally that took the loonie up to $.80. That nips into those returns. As an investor, as opposed to a trader, he suggests we just hold our positions. Had felt that at $.75, the Cdn$ was probably undervalued. As it got closer to $.80, he was looking to add more US names, particularly in those areas we don’t have in Canada. Feels the US market is overvalued and the Canadian market is undervalued, and that tends to correct over time.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
_N/A
2017-08-08 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold companies. There are 2 kinds of gold companies. Operating companies, the ones that build and operate mines, and royalty companies. He owns Goldcorp (G-T) and Agnico-Eagle (AEM-T). Agnico has been an outstanding operating company, and if you have to buy an operator, you won’t go wrong owning this. If you want an operator and get some leverage to the upside, buy when sentiment is negative, and Goldcorp is clearly the name. If you just want a safe, stable name on the price of gold, then Franco Nevada (FNV-T) is the right way to deal.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian Banks share splits? Share splits are an interesting academic exercise. It typically occurs after a stock has moved, and they just want to make the shares more appealing to small investors. Feels share splits are meaningful in that suddenly more demand occurs.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
_N/A
2017-08-08 COMMENT Must be logged in to use chart AAR.UN-T Pure Industrial Real Estatetrust Trust

He likes the industrial REIT space. A wonderful way to play Amazon (AMZN-Q), which increasingly needs warehouses closer and closer to the customer. This REIT provides that kind of space. The recent weakness has been because of recent acquisitions and interest rate fears.


Price:
$6.450
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-08 DON'T BUY Must be logged in to use chart AC-T Air Canada

Airlines are stocks that you want to rent, not own. They are notoriously volatile. You have seen the good side of the volatility, but the question is, what can it do to continue. What is out there that we don’t know? Everything seems to be hitting right in this company’s case, but you are working with margins that are very thin, and if anything bad happens, down it goes.


Price:
$21.930
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-08 COMMENT Must be logged in to use chart AGT-T AGT Food & Ingredients

This has been a significant disappointment. He is looking at this more and more, because it has gotten hammered. The most recent investment by Fairfax got them out of a debt problem. We do pulses in Canada more than anyone else in the world, and that is good. The bigger issue is the importation, which has really hit the stock. India has some issues with our pulses. Pulses are a wonderful long-term play on the protein story. If they can fix their balance sheet and get over the India problem, then you might have a really good upside opportunity.


Price:
$24.770
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-08 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

Had a good quarter, and the approval of their WGL acquisition is now just waiting for the regulatory side of things. One issue is commodity prices in Canada. Canadian gas production has been a headwind. Also, they made a foray into the US, to provide some natural gas infrastructure into the California grid. With the WGL acquisition they are looking to divest some of that and putting proceeds into the Washington DC area. Thinks this is just in “show me” mode. Dividend yield of 7.25%.


Price:
$28.670
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-08 BUY Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

Long-term hold? One of the characteristics of a great investment is that it generates cash and grows that cash. For a young investor, this company would suit well. A wonderful stock to hold for the next 20-25 years. 4.6% dividend yield.


Price:
$13.210
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-08 BUY Must be logged in to use chart BCE-T BCE Inc.

He owns this for the dividend and that the dividend has seen growth and will continue to see growth. An interest sensitive name, so there has been a little bit of weakness lately. This is bread-and-butter in any core investment portfolio in Canada. Its wireless business continues to show growth. The wire line is slowing down, but it is a cash generator.


Price:
$59.320
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 DON'T BUY Must be logged in to use chart BTE-T Baytex Energy Corp

They made an acquisition at the top of the oil market. Any company that makes a bad acquisition at the wrong price, will be carrying the consequence of that. They incurred a lot of debt. The management focus isn’t on getting the productivity out of the fields that they purchased, it is rather how do they unwind the mess they created. If looking for torque and you can stomach the fact that they have debt, this is a name that will get you the torque. If there is a continued down price in oil, this company is going to struggle. There are probably better names to own.


Price:
$3.520
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-08 TOP PICK Must be logged in to use chart CGX-T Cineplex Inc

There has been a very interesting change in their business model. We saw the negative consequences last week when they put their earnings out. They continue to grow revenue per client, which is a wonderful metric that works over time. There is an interesting morphing of their business model which he likes. This is a monopoly. A good time to pick this up. Dividend yield of 3.8%. (Analysts’ price target is $50.)


Price:
$43.100
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 BUY on WEAKNESS Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

There were a lot of Shorts between mid-July and the end of July, related to the closing of their US acquisition. This is probably the most domestic of the Canadian banks, and given all the concerns about the Canadian housing market, that has also caused problems. Dividend yield of 4.9% is a great income stream. This bank has an ability to grow, and you are not overpaying for it. He would like to get it in a bit more of a downturn.


Price:
$109.280
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 COMMENT Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

Seniors’ homes is a growth market. There is not going to be enough places for baby boomers to retire, and this is a great way to participate. This has been weak lately on the basis of rising interest rates, which has hurt a lot of REITs. Ultimately, you own a hard asset with an ability to raise its prices down the road. Not a bad place to be.


Price:
$15.190
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-08 BUY Must be logged in to use chart ENB-T Enbridge

Over time, this has probably been one of the best performing Canadian stocks over 50 years. They’ve had some difficult times, particularly with respect to their potential investments. To him, it is a great way to own the equivalent of what might be a railroad. No new pipelines are going to be built. They have the infrastructure in place. A good time to be picking this up. Dividend yield of 4.6%.


Price:
$51.730
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-08 PAST TOP PICK Must be logged in to use chart G-T Goldcorp Inc

(A Top Pick Oct 3/16. Down 22.73%.) Had some difficulty with their mining, grades and production. Brought in a new CEO and are now putting this in a “show me” mode. When it turns, it will turn with a vengeance.


Price:
$15.890
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 COMMENT Must be logged in to use chart GIB.A-T CGI Group (A)

He is looking at all the Canadian tech stocks, simply because they are down relative to the US ones. This one is reasonably valued and is a fine company. They do a nice job in their contract work and it is a stable producer.


Price:
$64.060
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-08 COMMENT Must be logged in to use chart MG-T Magna Int'l. (A)

Is the auto sector coming to an end? Is it over? The decline in 2015-2016 reflected some of those concerns. The multiple got compressed, but earnings kept coming through. He is not a believer that the auto cycle is going to stage an immediate come back. A good company to own in the sense that it is cheap, and did remarkably well in taking costs out of the business. Thinks he can get more torque in an upside move from other sectors.


Price:
$61.440
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-08 TOP PICK Must be logged in to use chart OTEX-T Open Text

The stock has fallen. They made some acquisitions, and feels the market is concerned that the steady progression of cash might not quite be as steady as they go through the digestion of these acquisitions. He likes that they can grow and that it trades at a multiple of earnings, not a multiple of cash flow, revenues, etc. Likes the stability and the growth by acquisition. Dividend yield of 1.5%. (Analysts’ price target is $40.)


Price:
$41.550
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 TOP PICK Must be logged in to use chart SJM-N J. M. Smuckers Co.

This is another of those boring US consumer product names. We now have an $.80 dollar that is good for purchasing US stocks. Good discipline with their balance sheet. A quality company. Dividend yield of 2.5%. (Analysts’ price target is $131.)


Price:
$121.790
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 COMMENT Must be logged in to use chart SLF-T Sun Life Financial Inc

This and Manulife (MFC-T) are both good names, and both have benefited from the anticipated rise in interest rates. They’ve lagged the banks and there is a valuation adjustment that can occur. Prefers Manulife (MFC-T) because of its opportunities in Asia.


Price:
$48.690
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-08 PAST TOP PICK Must be logged in to use chart TCN-T Tricon Capital Group

(A Top Pick Oct 3/16. Up 13.13%.) This did well up to the last 2 months. He looks at this simply for its ownership of US single-family dwellings. In February, they made a much bigger acquisition of another 7000 homes. The stock has come down, and thinks it is because it is being rated as a Canadian REIT, which it isn’t. A really interesting entry point. Dividend yield of 2.5%.


Price:
$10.460
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 BUY on WEAKNESS Must be logged in to use chart TECK.B-T Teck Resources Ltd. (B)

Had a huge downdraft in 2015 and recovered nicely in 2016 with a huge run, and then finally gave up the ghost. It has 3 commodities, metallurgical coal, zinc and copper. Met coal hit $300, fell back to $150, and is now rallying up to $200. Commodity stocks are hard to investment in unless you buy right. The nice thing about this one is that for the near term you have met coal which has stabilized at much higher prices than anyone anticipated and generates lots of cash. Most important though, over the next 6 months, zinc looks very, very tight. Then when you get out to 2020, 2021 and 2022, copper looks to be in significant shortfall, and this company will play that, especially with their 2nd project of QB2. Also, the company has fixed the balance sheet. He would like to see a bit of a pullback.


Price:
$29.060
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 COMMENT Must be logged in to use chart TRP-T TransCanada Corp

Headlines today are all about Brascan Keystone. As a long-term investor, you want to ask yourself if you want to own a major North American mover of an energy commodity. This company fills that bill quite nicely. With their most recent acquisition of Columbia, they have a really good play on the whole North American energy infrastructure. Reasonably hedged between oil and natural gas. A great place to play in the dividend growth we have seen for 50 years, and will probably see down the road as well. A little pricey relative to Enbridge (ENB-T), but this is a great long-term ownership, particularly since we are not going to build a lot of new pipelines. Dividend yield of 3.9%.


Price:
$63.440
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-08 PAST TOP PICK Must be logged in to use chart WHR-N Whirlpool Corp

(A Top Pick Oct 3/16. Up 12.13%.) He likes its discipline and its discipline of returning money to shareholders. The balance sheet continues to get better. A great, global franchise.


Price:
$178.540
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. It has been a really tough year for the Canadian marketplace. Looking back to 2016, things were going right. Commodities were firmer coming off that terrible 2015, and the bank stocks were moving. In 2017, bank stocks are not moving and energy is down, down and down. The market is treating commodity stocks like there is a recession, but there is no risk on the horizon. That is a great dichotomy that will come unwound as the year unfolds. US technology stocks have been the darlings. The big cap names have seen all the money flowing. The bond market keeps going as if there is going to be a recession. There is a decline in long bond yields, which is a bit of a shock. He wants to protect his clients’ capital and the best way to do that is by being careful of high growth names, those trading at very, very high multiples, and look for value in downtrodden areas. When the market comes back, it will be good for the Canadian market, and Canadian resource stocks in particular.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
_N/A
2017-06-27 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold. Gold shares haven’t done much. We’ve been seeing higher lows and higher highs, so we may be in a bit of an up channel. The trend is positive. He would recommend you have some gold in your portfolio. Has 5% of client’s portfolios in gold stocks. As the US$ continues to weaken with euro strength, gold could go up with an upward bias. It would be great to see it break $1300.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Cdn$? A lower Cdn$ historically has been good for Canada, particularly in manufacturing and resources. It makes energy producers and mining companies that much more profitable, because they sell products in the US$. It used to be much more beneficial when we had a manufacturing economy, but we no longer have the manufacturing strength that we used to, and that is going to be a headwind going forward.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
_N/A
2017-06-27 PAST TOP PICK Must be logged in to use chart AEM-T Agnico-Eagle Mines

(A Top Pick July 5/16. Down 14.54%.) This is a time to be in gold stocks, and this is the premier “go to” name in the Canadian gold patch. The pipeline on this looks really interesting on a go forward basis.


Price:
$60.650
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-27 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

Thinks this will continue to tread water. They are digesting the WG Washington Gas/Light US acquisition. This has cleared shareholder approval, but now they are waiting for the regulators. Pays a nice yield of 7%, and he believes that the dividend is safe. Doesn’t see a lot of action coming because of regulatory uncertainty. However, this company is pretty well postured in energy markets, not just in Canada, but also in California. The cash that is going to come from that will keep the company in good stead. It is more like a utility than it has ever been and WGL will make it even more like a utility.


Price:
$29.500
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-06-27 HOLD Must be logged in to use chart BB-T BlackBerry

This had been a great story, but had to reinvent itself, so your time frame is really important. John Chen decided to change this into a software company, and it is going in a totally different direction. The market liked that their software, particularly in the automobile sector, is widely used, and there are lots of applications for that great software. The problem is, they have to change the business. Their unit sales are not really profitable relative to the share price, so it trades at a valuation level that doesn’t make any sense. You buy this because you believe that their software will be in vehicles or something else, 5-10 years from now.


Price:
$13.140
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-06-27 PAST TOP PICK Must be logged in to use chart CGX-T Cineplex Inc

(A Top Pick July 5/16. Up 4.70%.) Pretty close to a monopoly in showing films in Canada. He is buying it, not so much for the films, but for the popcorn and the things happening outside of the films. A great name to hold for the long-term.


Price:
$53.100
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-27 BUY Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

This has not done well now that the new acquisition of Private Bank Corp has gone through. To him this is the most interesting bank, simply because it is down the most in context to where it was relative to their $120 high. What we are seeing right now is the backflow of US holders of Private Bank Corp questioning what is this “CIBC” thing, with a natural inclination to Sell. That is actually a very good time to look at a stock. He would put new money into this today.


Price:
$104.980
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-06-27 DON'T BUY Must be logged in to use chart CVE-T Cenovus Energy

This has been particularly hit with the acquisition they made, which they had funded with debt, and now have to figure out what to do with the assets they have to sell. As crude prices come down, the value of the assets they had hoped to sell, isn’t what it used to be. Be wary of companies that have too much debt. There are a lot better plays in the oil patch with a relative higher risk/reward.


Price:
$9.550
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-06-27 TOP PICK Must be logged in to use chart CVS-N CVS Health Corp

A play on demographics. It’s a cheap stock, trading at 13X next year’s earnings. A free cash generator. A great way to get diversification in a kind of sector we don’t have in Canada. Dividend yield of 2.5%. (Analysts’ price target is $88.00.)


Price:
$80.490
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-27 COMMENT Must be logged in to use chart ENB-T Enbridge

An RESP for a 1-year-old? He would recommend this. A great kind of name for a 20-year investment, who will need the money in 18 years when they go off to school. This company pays a wonderful dividend of 4.7%.


Price:
$52.750
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-06-27 PAST TOP PICK Must be logged in to use chart EQB-T Equitable Group

(A Top Pick July 5/16. Up 14.74%.) The whole alternative lending sector took big tumbles on the Home Capital (HCG-T) situation. This is in a much better shape in this group.


Price:
$60.950
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 60 of 747 entries
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