Viewing Expert Andy Nasr | StockChase
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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
2017-01-31 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. His portfolios are somewhat reformed agnostic. Has been reluctant to chase anything he felt would do well as a result of the US election. He is very bottom-up focused and tries to identify good companies. Feels a lot of investors can mitigate some market risks through active management diversification. Diversification is really important. You don’t want to be heavily exposed to one sector or one geography. Healthcare is a great example of a sector that suffered from negative sentiment, however fundamentals are very good.


Price:
$0.020
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
_N/A
2017-01-31 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

REITs or utilities for a buy & hold investor? Both are defensive sectors that have sold off quite significantly since the election. Prefers REITs over utilities, because there is a bit more of a cyclical component relative to regulated utilities. Generally, REITs should benefit from an improvement in economic activity.


Price:
$0.020
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
_N/A
2017-01-31 COMMENT Must be logged in to use chart AAPL-Q Apple

When looking at companies, he wants to make sure they have good visibility of cash flow. This company is more of a hardware company now, with a vast majority of its operating process coming from one product. Over time, this will evolve and service revenues will increase, which will hopefully mitigate some of the volatility and revenue stream, and allow them to branch out to other products. Valuation is compelling and they have a lot of cash, and could be one of the companies that benefits from the repatriation of corporate profits. He is concerned about the technology or hardware risks.


Price:
$121.350
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-01-31 COMMENT Must be logged in to use chart AAR.UN-T Pure Industrial Real Estatetrust Trust

He really likes this. They have exposure both in Canada and the US. Recycling some capital and increasing their US exposure. Management has done a pretty decent job considering where they started with their IPO several years ago. Fairly well diversified.


Price:
$5.690
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 HOLD Must be logged in to use chart AMT-N American Tower

He really likes this because it is globally focused. It is the largest tower company in the US. These are literally wireless towers, and have long-term agreements with telecommunication companies in the US and globally. Any time there is a migration to a new higher speed technology, effectively the telco has to pay to upgrade all the equipment on the tower. A very visible and predictable business. If you think of data traffic tripling or quadrupling over the next 4-5 years, this is a company that is really going to benefit. This has great long-term growth potential.


Price:
$103.500
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 TOP PICK Must be logged in to use chart AP.UN-T Allied Properties REIT

An office REIT, not necessarily a cheap one, but does have a lot of development potential. They own Class I brick and beam office buildings, which tend to be older office buildings where you see a lot of advertising and technology companies in. There is scarcity value. They have dominant market share in Canada. The nicest thing is the development intensification potential, because in some cases they are taking these buildings, expanding them, building them up, and will be able to get much better yields when they do that. Dividend yield of 4.51%. (Analysts’ price target is $38.53.)


Price:
$33.900
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 COMMENT Must be logged in to use chart AVB-N Avalonbay Communities

If rates go up too much, in effect you are affecting the consumer who doesn’t have a lot of debt, and affecting their ability to buy houses and spend money. This will probably mean more renting than ownership. If there is more renting, you are probably going to see an increase in occupancy in rents for apartment owners like this company. You have to be careful of excess supply. He thinks this company has a pretty good development pipeline and should be able to offset some of that increase supply.


Price:
$176.260
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 HOLD Must be logged in to use chart AX.UN-T Artis Real Estate Investment Trust

Primarily centres around Western Canada and excess office supply. Office supply in Canada is going to increase by about 3% during the next 5 years accumulatively. A lot of that office is in Toronto and Calgary, which means you are going to see above average vacancy during the next several years, which will pressure central business District rents for a lot of the new office spaces, and consequently put a bit of a downward pressure on suburban office rents, which tend to be some of the stuff this company owns. Trading at a substantial discount to NAV. He owns a little of this, but is cautious because the payout ratio is relatively high. Dividend yield of 8.8%.


Price:
$12.240
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 TOP PICK Must be logged in to use chart BDT-T Bird Construction Income Fund

This has not performed very well. However, there is a tremendous amount of upside potential, particularly because the company was negatively impaired by the slowdown in Western Canada and lower commodity prices. As we hit an inflection point and see CapX budgets increase with a bit of an improvement in the Alberta economy, which should grow 2% this year coupled with federal infrastructure spending, we could see the backlog start to go up and people get more optimistic about margin growth. They recently cut the dividend, so it should be relatively safe. Has about $4.80 in cash per share on their balance sheet. Dividend yield of 4.36%. (Analysts’ price target is $10.)


Price:
$8.860
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 COMMENT Must be logged in to use chart CHP.UN-T Choice Properties REIT

This has a lot of the real estate that Loblaws and Shoppers occupies. A great bond proxy. Versus other retail REITs, you are probably not going to get as much growth, however you are going to get pretty good stability. Loblaws owns a considerable chunk of this REIT. There is better growth in other REITs.


Price:
$13.750
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-01-31 COMMENT Must be logged in to use chart CUF.UN-T Cominar Real Estate Inv Tr

Fairly well diversified. They own some office retail properties. It is mostly a Québec REIT. This used to be family run focusing on development, and then they went on a massive acquisition binge and overspent for a lot of properties. They leveraged up the balance sheet, so it is excessively indebted. There are better alternatives.


Price:
$14.590
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-01-31 PAST TOP PICK Must be logged in to use chart ENB-T Enbridge

(A Top Pick Feb 9/16. Up 20.98%.) This happened to coincide with a rebound in commodity prices. He is generally constructive on commodity prices, especially if you get a little bit of recovery in Western Canada and production in the US.


Price:
$55.400
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 TOP PICK Must be logged in to use chart FER-SM Ferrovial SA

An infrastructure company and their 2 assets are the Highway 407 and Heathrow Airport. A good example of an infrastructure company that has been beat up giving a decent dividend yield and 2 great assets that give you inflation protection. Trades at a big discount to its replacement costs. Dividend yield of 4.87%. (Analysts’ price target is $20.92.)


Price:
$0.000
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 PAST TOP PICK Must be logged in to use chart GIL-T Gildan Activewear Inc.

(A Top Pick Feb 9/16. Up 9.1%.) He is constructive on this company because he thinks they are going to be able to construct their volumes over time. The stock price has come off because of concerns of border adjusted tariffs, and the impact it could have. However, they do have production in the US which mitigates some of that risk. A low-cost manufacturer. Still a Buy.


Price:
$34.040
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 COMMENT Must be logged in to use chart HBC-T Hudson Bay Co.

He is concerned about the retail sector and the secular trends of increased penetration from e-commerce. The company has somewhat recognized that and are trying to get ahead of the curve, so have spent a lot of money in getting best in class warehousing and distribution logistics. The issue remains on how profitable the retail entity is going to be 3-5 years from now, as e-commerce penetration continues to increase. There is definitely latent real estate value, but how much is a real estate actually worth if the tenant is no longer a going concern or is less of a going concern.


Price:
$10.000
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
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