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
2017-08-02 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Central Banks are in no hurry to see interest rates climbing. They are going to remain data dependent. Large central banks tend to target inflation. Canada was one of the first Central Banks to use monetary policy to target inflation. What they are really trying to do is create price stability and sustained economic growth, not choke it off. Despite the fact that they may want to increase and normalize rates, the reality is that if they do it too quickly, economic growth probably slows down very significantly. He thinks they are going to remain data dependent, which broadly supports maintaining overweight exposure in equities, and even maintaining some fixed income exposure, because one of the absurd things that has happened this year is that volatility is a very low. You are going to need that fixed income exposure in the event that volatility increases.


Price:
$0.020
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
_N/A
2017-08-02 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Should Canadians be investing in Canada?  For any Canadian investor that is looking at the TSX as their benchmark, there are obviously flaws with it and it is heavily exposed financials, materials and energy. Having a little bit of diversification outside of Canada gives an opportunity to complement your Canadian exposure with sectors like healthcare and technology. Use the stronger Cdn$ to increase your US exposure, and it will be great from a diversification standpoint.


Price:
$0.020
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-08-02 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Junior energy service companies? His view is that oil prices are going to remain relatively range bound. If you are going to buy some junior energy service companies, you are better off buying a basket of them and probably maintaining a relatively low concentration within your overall portfolio.


Price:
$0.020
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
_N/A
2017-08-02 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Energy. He is invested in energy infrastructure companies versus producers, because he thinks commodity prices are going to remain range bound. Also, thinks you are going to see a bit of an increase in oil and gas production in North America. All of a sudden US shale producers have become the swing producers. If you are invested in energy infrastructure, you should generate very substantial dividends and very good free cash flow.


Price:
$0.020
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
_N/A
2017-08-02 TOP PICK Must be logged in to use chart AGT-T AGT Food & Ingredients

They’ve been hurt by tough lentil market conditions, and a lot of that has to do with what is happening in India. India had a requirement, effectively a tariff, where they wanted lentils going into India to be fumigated before they got there. They have now relaxed the restriction. However, that more than anything, depressed lentil prices, which is only about 5% of this company’s business. They are moving more downstream which should help stabilize the business. Dividend yield of 2.3%. (Analysts’ price target is $33.)


Price:
$24.800
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-08-02 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

Has a lot of conviction in this company. When their acquisition in the US goes through, you will probably see the company get re-rated. The large US acquisition is somewhat transformational in that it creates a company with much more predictable cash flows, and reduces their sensitivity to commodity prices. Right now, it is a little bit of a mix between energy infrastructure and regulated utilities. The acquisition of WGL tilts it more towards stable cash flow regulated utility power generation. When the acquisition is completed, you have very visible cash flow and dividend growth. The “subscription receipts” will eventually convert into regular shares. The “subscription receipts” trades at a discount to the equities, so if you are going to buy this, you should buy it through the subscription receipts.


Price:
$29.190
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-08-02 PAST TOP PICK Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

(A Top Pick July 28/16. Up 10%.) The unique thing with this is that it is evolving a little into a company that really generates a lot of money off its fees. These are fees associated with publicly traded companies and they are going to be able to make a lot of money as those companies grow. In addition, they have about $250 billion in assets under management, where they can go out, raise money from investors and redeploy it.


Price:
$48.700
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-08-02 HOLD Must be logged in to use chart BCE-T BCE Inc.

Switch out of Bell Canada (BCE-T) to Pembina Pipeline (PPL-T)? An interesting comparison. He wouldn’t make the switch. They are very different risk profiles. This is a very stable business and you can rely on the dividend and not have to worry about it. Yield of about 4.8%.


Price:
$59.410
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-08-02 COMMENT Must be logged in to use chart CAR.UN-T Canadian Apartment Properties

He likes this and the apartment sector in general. Apartments are more affordable housing, and tend to be countercyclical. When the economy goes down, you tend to have people move into more affordable housing. A lot of their Net Operating Income is concentrated in Ontario. Spent a lot of money in the last 5 years on improving their properties, which has resulted in significant increases in rents. If you hold this longer-term, you should be fine. Dividend yield of 3.9%.


Price:
$32.970
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-08-02 HOLD Must be logged in to use chart CSCO-Q Cisco

You might want to add if it pulls back a little. A pretty well positioned company if you consider the Internet of things and technology becoming more embedded in our everyday lives. The number of devices connected to the Internet could potentially exceed 25 billion to 50 billion over 5-10 year timeframe, and this company is really going to benefit from that.


Price:
$31.520
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-08-02 DON'T BUY Must be logged in to use chart CUF.UN-T Cominar Real Estate Inv Tr

He would be a little concerned with this REIT because the balance sheet is stretched. They’ve got a lot of debt. If you think inflation rates are going to creep a little higher, you want to have a relatively strong balance sheet. A lot of their net operating income tends to be focused in Québec, and he has seen NOI (net operating income) growth, which tends to overhang the stock, especially when you marry it with how heavily indebted it is. Management had gone on an acquisition spree in the last 5 years and leveraged up the balance sheet.


Price:
$13.090
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-08-02 PAST TOP PICK Must be logged in to use chart CVS-N CVS Health Corp

(A Top Pick July 28/16. Down 13%.) This has slipped because of some concerns of the pharmacy benefit management industry in the US. The valuation is still very, very compelling. It trades at a deep discount to the S&P 500 at about 13X earnings.


Price:
$79.750
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-08-02 COMMENT Must be logged in to use chart DRG.UN-T Dream Global REIT

Inovalis (INO.UN-T) or Dream Global (DRG.UN-T)? There is probably too much duplication to own both. Management has done a very, very good job since the IPO. They’ve grown through acquisition and have diversified. They own an institutional quality portfolio, and thinks they have an opportunity to grow in continental Europe. Their assets are primarily in Germany. Instead of buying Canadian names that have exposure to Europe, he is actually going directly into Europe and buying some names.


Price:
$10.460
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-08-02 TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

This company benefits from the transition to the Cloud. Thinks they will benefit from a combination of acquisitions and a transition from on-premises computing to off-premises computing, which really is the Cloud. A very significant size of their business is in Europe, where a lot of companies are in the early stages of making a migration to the Cloud. (Analysts’ price target is $74.)


Price:
$64.260
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-08-02 BUY Must be logged in to use chart HR.UN-T (Dead) H&R Real Estate Inv Trust

A good company. A diversified REIT with some office properties and retail properties. They’ve increased their US exposure and now have a lot of apartments there. You are getting a very well diversified company that has a very good management team and a strong balance sheet. The weighted average lease term is 5.5 years, so there is some good visibility in terms of debt renewals. It trades at a discount to NAV.


Price:
$20.920
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
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