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

Viewing Expert

Ryan Bushell , V. P. & Portfolio Manager

Leon Frazer and Associates


Date Signal Chart Symbol Company Opinion Price
2017-06-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. We have a roaring economy, but a mismatch on the TSX. The bigger surprise is the roaring Canadian economy doing almost twice the rate that the US is on GDP growth. The Canadian market seems to be dogged by some combination of oil, NAFTA and housing fears. There is not too much fundamental basis for any of them, which creates opportunities. The bearish headlines have pretty much played out. We’ve gone down from the $55 level to the low $40s. It seems to be pretty good support here. Longs to Shorts reached a capitulation type level, the same level as they reached in February and August 2016, and there were pretty good rallies off of those levels. He is still somewhat concerned about the prospect for inflation with the economy at full employment and potential stimulus.


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

Cdn$? With the Bank of Canada speaking hawkishly for the 1st time in quite some time, people didn’t really have that in their forecast. Thinks oil prices are at the low end of their trading range and should start to drift back up. If the Bank of Canada starts to normalize interest rates in combination with the Fed, that could provide some upside to the Cdn$. He wouldn’t go wild on this, because he doesn’t think it is going above $.80.


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

Banks or lifecos? He likes the banks for the long-term. If you look at the long-term total returns on the banks, they are 2%-3% higher annualized. Both have done well. Also, there is more volatility in the lifecos. He likes the banks at their current levels.


Price:
$0.020
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
_N/A
2017-06-27 COMMENT Must be logged in to use chart AIF-T Altus Group

This is involved in real estate, and the real estate holdings in Canada have seen a bit of a pullback recently. Dividends have been pretty steady, giving about a 2% yield. It’s not enough to get him too interested, especially since he sees some slowing in the housing market. He would look at this if he got some actual real negative housing news.


Price:
$28.090
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
No
2017-06-27 PAST TOP PICK Must be logged in to use chart ALA-T Altagas Ltd

(A Top Pick July 25/16. Down 4.62%.) Confused as to why it hasn’t done better, so he just keeps buying more stock and collecting the 7% yield. The dividend is also going to grow this year. He likes their acquisition.


Price:
$29.500
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-06-27 COMMENT Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

Along with all the power producers in this space, this has seen a pretty nice rally. A good company with good assets, but you have to remember you are taking on a little more specific risk in something like this, versus a traditional rate based utility.


Price:
$14.130
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
No
2017-06-27 COMMENT Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

Emera (EMA-T) Fortis (FTS-T) or Algonquin (AQN-T)? This is a space where there has been a lot of upward pressure this year, so it is very hard to find bargains. Of the larger utilities, he thinks Emera is the best price with the best dividend yield, so it would probably be his 1st choice.


Price:
$14.130
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2017-06-27 BUY on WEAKNESS Must be logged in to use chart BCE-T BCE Inc.

This space generally has been pretty positive. If this got down a little lower, moving the yield to over 5%, it would look like pretty good value. 4.8% dividend yield.


Price:
$58.960
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2017-06-27 DON'T BUY Must be logged in to use chart CJ-T Cardinal Energy Ltd

They just did a deal where they acquired some conventional assets, and the deal hasn’t gone that well. Energy prices hasn’t helped them. Traditionally this has been a pretty conservative company but on the lower end of things. He would rather have half their yield in something that was a little bigger and a little more diversified. There is no use in trying to be a hero in picking some of these smaller companies. 9.4% dividend yield.


Price:
$4.570
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
No
2017-06-27 COMMENT Must be logged in to use chart CJR.B-T Corus Entertainment (B)

This is basically in the harvesting business. They have a business model, there is cash flow, they are harvesting that cash flow and giving it to shareholders. The question is, how long will their business model remain viable, and what do they have to do to make the dividend sustainable. The high dividend indicates there is some risk. Traditional media is in a changing phase, and there are going to have to be some changes to make that dividend sustainable. 8.57% dividend yield.


Price:
$13.700
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2017-06-27 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

One of the lowest dividend yields that he holds at 1.5%. Likes the company long term, but it is pretty rich at these prices. The dividend has been growing at mid-teens over the last 5 years. This company has great prospects ahead of it. He has been trimming his holdings recently. He would like to see the dividend at 2% before accumulating more.


Price:
$106.780
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-06-27 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Has owned this for quite some time. Feels the assets are good. They have both depth and quality of inventory. The company is very conservative with hedging and have been relatively disciplined with their balance sheet. At these levels, he feels the dividend is pretty sustainable. He has some concerns and is hoping to see some management reorganizations, which would be positive for the stock in general.


Price:
$10.070
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-06-27 COMMENT Must be logged in to use chart EMA-T Emera Inc

Emera (EMA-T) Fortis (FTS-T) or Algonquin (AQN-T)? A space where there has been a lot of upward pressure this year, so it is very hard to find bargains. Of the larger utilities, he thinks this has the best price. It has been in more of a holding pattern and the dividend yield is a bit higher, so is the one he would probably look at.


Price:
$48.800
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2017-06-27 TOP PICK Must be logged in to use chart ENB-T Enbridge

This stock hasn’t performed this year. About a week ago it got down to about a 5% yield. They did the Spectra acquisition and increased the dividend on the back of that, so it is about a 15% dividend increase year to date. Dividend guidance going forward to 2024 is 10% to 12%. Dividend yield of 4.7%. (Analysts’ price target is $62.)


Price:
$52.750
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-06-27 COMMENT Must be logged in to use chart FFH-T Fairfax Financial

He stays away from the stocks where there is a larger than life type of figure heading them, especially when it is an asset manager. A little bit too black box complex to understand. Dividend yield of 2.3%.


Price:
$553.420
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
No
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