Viewing Expert Andy Nasr | StockChase
stockchase picture

Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Andy Nasr , VP & Investment Strategist

Sentry Investments


Date Signal Chart Symbol Company Opinion Price
2017-06-21 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. He still likes the look of the US market, but is seeing opportunities elsewhere. If he had to characterize the 1st half of this year, he would sum it up by saying less is more. There has been less likelihood of fiscal reform in the US, which has been overshadowed by an improvement in corporate profitability that has helped US equities. In Europe, political risks have diminished, and there has been an improvement in fundamentals, which has probably helped European equities. The decline in interest rates and low volatility this just screams for diversification. As the year progresses, there is likelihood that volatility increases, and you’ll start to see the correlation between some asset classes deteriorate, which means you want more broad-based exposure. He is overweight equities relative to fixed income, and is seeing some opportunities in the US, but there is probably more capital appreciation potential in continental Europe, where things are getting a lot better.


Price:
$0.020
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
_N/A
2017-06-21 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Which pipelines should be held, and which should be sold? Not knowing which ones you own, he would suggest keeping the Kinder IPO along with TransCanada (TRP-T) and Enbridge (ENB-T). He wouldn’t hesitate to add to Pembina (PPL-T) and Alta gas (ALA-T).


Price:
$0.020
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-06-21 COMMENT Must be logged in to use chart AX.UN-T Artis Real Estate Investment Trust

Has a very small position in this, and wouldn’t be one of his Top picks right now. They are somewhat challenged in that they derive about 13% of their Net Operating Income from offices in Calgary. We are going to see a significant increase in office supply, with a good chunk happening in Calgary. Rents are trending lower which is bad news for this company. Feels the dividend should be relatively sustainable, and he can’t foresee any balance sheet issues. If you want a yield with a little more risk associated to it, you could hold onto this.


Price:
$13.160
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-06-21 COMMENT Must be logged in to use chart BAC-N Bank of America

Toronto Dominion (TD-T) or Bank of America (BAC-N)? Not one of his favourite US banks. He would rather own J.P. Morgan (JPM-N) or Wells Fargo (WFC-N). This is amongst the most sensitive US banks to fluctuations in interest rates.


Price:
$23.130
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-06-21 TOP PICK Must be logged in to use chart CAP-FP Capgemini

This is a consulting company, not too dissimilar from IBM and CGI. Located in Europe. They will really benefit from the migration to the Cloud proliferation of data. There is more information needed to be stored, analysed, and eventually consumed. Because this is domiciled in Europe with relatively decent market share, you should see a bit of an uplift as a result of BREXIT. If a company decides to relocate, or eventually they don’t want to deal with political risk or regulatory headaches, they’ll want to migrate more to the Cloud. Dividend yield of 1.6%. (Analysts’ price target is €106.)


Price:
$0.000
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-06-21 COMMENT Must be logged in to use chart CAR.UN-T Canadian Apartment Properties

Apartment REITs? Apartment REITs are very defensive. If the economy slows down, it actually increases the demand for low income housing, which is what these apartments are. If you see the Canadian economy decline or slip into a recession, you’ll probably see more people migrate into apartments that rent out for a lot less than what it would cost you for a house or a condo. This one has been very well-managed and have spent a lot of money reinvesting back into properties. That has allowed them to affect an increase in rents above the guideline increases that is allowed in Ontario.


Price:
$33.510
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-06-21 PAST TOP PICK Must be logged in to use chart CCL.B-T CCL Industries (B)

(A Top Pick March 30/16. Up 36%.) Manufactures labels, packaging for US consumer package good companies. They’ve integrated their acquisition and have got a lot of synergies out of it. A great name to own.


Price:
$66.210
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-06-21 COMMENT Must be logged in to use chart CRT.UN-T CT Real Estate Invest Trust

This is probably the safer way to get a little bit of income into your portfolio without having to take on a lot of volatility. His only concern is that, given that it is a very well capitalized company, if Canadian Tire is going to be a going concern over the course of the next 10-15 years. This is probably a good opportunity to get yield and have a little bit of upside.


Price:
$14.630
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-06-21 COMMENT Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

The number of people globally, over 65 years of age, will probably double over the next 20-25 years. That increase will result in more demand for retirement housing. This company should really benefit, provided you don’t see a material increase in supply. Not particularly cheap and is probably fairly valued here. Senior Housing is probably amongst the most operationally intensive asset class in commercial real estate. Great management team. He would probably look elsewhere. Dividend yield of 3.6%.


Price:
$15.840
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-06-21 COMMENT Must be logged in to use chart CTC.A-T Canadian Tire Corporation Ltd. (A)

He has no retail exposure in Canada, other than Loblaws (L-T), which has been challenged. He isn’t worried about a Canadian recession; however, doesn’t think there is very good, long term, secular growth underpinning a lot of Canadian retailers, including this one. There are headwinds, including increases in e-commerce penetration, which they have done a pretty good job of staving off. If consumption, household formation and homeownership starts to turn, that could have more of a negative impact on companies like this.


Price:
$147.180
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-06-21 COMMENT Must be logged in to use chart CUF.UN-T Cominar Real Estate Inv Tr

Not one of his favourites. They had done historically well of growing through development. It was family owned, which spent a lot of money buying properties, and then went on a huge acquisition binge a few years ago. As a result, they probably overpaid. Tried to diversify out of Québec. Operationally, things haven’t gone their way. You probably have better risk/reward in other REITs. Dividend yield of 11%+, which would worry him.


Price:
$12.800
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-06-21 BUY Must be logged in to use chart ENB-T Enbridge

Sell TransCanada (TRP-T) and move into Enbridge (ENB-T)? He would keep TransCanada as well as buying into this one. You can’t really go wrong with both. This has $30 billion of secured projects, so should be able to sustain mid-single digit dividend growth to high-single digit dividend growth during the next few years. Their capital requirements are relatively minimal. The stock price has declined along with the price of oil. This pipeline transports about 30% of the oil in North America and account for about two thirds of the transportation from oil origination in Canada to the US.


Price:
$50.610
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-06-21 COMMENT Must be logged in to use chart FCR-T First Capital Realty

A very well-capitalized Real Estate Operating Company, with a lot of retail properties across Canada. Focused in urban major city centres and are buying up real estate in good locations, in close proximity to where people live, which benefits from a combination of an increase in population growth and an increase in incomes. About 20% of properties are anchored by grocery stores. Has a good development pipeline and an exceptional balance sheet. 70% of assets are unencumbered, which gives a lot of flexibility in the event of higher rates or an economic downturn. Dividend yield of 4.1%.


Price:
$20.840
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-06-21 COMMENT Must be logged in to use chart FTN-T Financial 15 Split Corp

Not a fan of split shares and doesn’t think they are an adequate substitute for GICs or bonds. Their make up is a little convoluted in that there is a Capital Share and a Preferred Share. Effectively all the dividends that come out of the Capital Share get thrown into the Preferred Share. If all those companies don’t do very well, the dividends get cut and the preferred share dividend is susceptible to getting cut as well.


Price:
$10.430
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-06-21 PAST TOP PICK Must be logged in to use chart FTS-T Fortis Inc.

(A Top Pick March 30/16. Up 18%.) A very high-quality utility. By putting this in your portfolio, you are actually getting a very defensive business. Recently made a large acquisition in the US, which should be accretive to earnings. Cash flow growth should continue to materialize, especially given that a lot of its earnings come from regulated utilities. Thinks there is still 10%-15% upside in the name.


Price:
$45.730
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 856 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.