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

Viewing Expert

Brian Madden , Senior VP & Portfolio Manager

Goodreid Investment Council


Date Signal Chart Symbol Company Opinion Price
2017-04-05 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. He is seeing a bit of a pullback in some of the dominant Trump themes, such as the weakness in the Mexican peso, the rise in government bond yields and leadership in the financial sector. Investors should understand that when a regime takes hold, there are invariably a lot of doubters, so you do get these setbacks in any major or dominant trend in the market, but only because sentiment runs faster and hotter than underlying fundamentals do. This waning of enthusiasm is only a corrective counter-Trump phase, and the leadership should reassert itself going forward. The defeat on the Obama care was a setback for the Trump administration and the pushing forward of their agenda, but it’s too simplistic to just write off. They’ve got a long runway in front of them, and is hopeful they will get some part of the tax cut agenda enacted. He continues to like financials, which are well positioned, particularly in the US, for a rising interest rate and rising net interest margin environment. As well, if the government is successful in rolling back some of the regulatory red tape that has encumbered the sector, notably Dodd Frank, that should be a tailwind for them. He’s also constructive on energy, although recognizing there are some challenges in Western Canada.


Price:
$0.020
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
_N/A
2017-04-05 COMMENT Must be logged in to use chart ACQ-T AutoCanada Inc.

They own a network of car dealerships and are concentrated in Western Canada. There has been weakness in retail sales which has put a damper on the stock. However, it is quite likely that the lows are in, and it seems to be mustering a choppy uptrend. The company doesn’t seem to be consistently meeting earnings expectations. He would want to see a more consistent progression.


Price:
$22.290
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
No
2017-04-05 PAST TOP PICK Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

(A Top Pick Aug 29/16. Down 9%.) Had just announced their largest acquisition at the time, which is going to be quite accretive. Enthusiasm has waned as there has been a slight delay in the closing of the transaction. This company manages to grow earnings at a 20% clip year in and year out. Trading at about 16 or 17 times earnings. Dips on this are a buying opportunity. The growth is on track.


Price:
$61.050
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Yes
2017-04-05 PAST TOP PICK Must be logged in to use chart CCL.B-T CCL Industries (B)

(A Top Pick Aug 29/16. Up 20%.) Involved in containers, plastics and packaging. It has decent mid-single digit organic growth, but has been a tremendous “growth by acquisition” story. They acquired Innovia last year, which should be about 12%-13% accretive to their earnings.


Price:
$286.700
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Yes
2017-04-05 TOP PICK Must be logged in to use chart CCL.B-T CCL Industries (B)

In containers, plastics and packaging. Very profitable. It has grown earnings at a torrid pace, 40%+ compound growth rate over the last 5 years. Trading at about 20X earnings. They just closed on the acquisition of Innovia, which is quite profitable and has some very attractive segments such as polymer banknotes, which are very under penetrated globally at about only 3%. Dividend yield of 0.8%. (Analysts’ price target is $325.)


Price:
$286.700
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Yes
2017-04-05 TOP PICK Must be logged in to use chart CCO-T Cameco Corporation

The real game changer in his view was when the OPEC cartel opted to take about 2 million barrels a day of global oil supply off the market to support prices. The Kazakhstan state owned mining company who controlled 30% of the global uranium supply, curtailed production by 10% in early January, and that immediately tightened the uranium market. The stock actually responded prior to that, so there might be some element of a Trump bump in there. Uranium prices have strengthened from $18 a pound to $23, and long-term prices are much higher. Dividend yield of 2.7%. (Analysts’ price target is $16.)


Price:
$14.600
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Yes
2017-04-05 COMMENT Must be logged in to use chart CVE-T Cenovus Energy

Acquired the oil sands and deep basin assets from ConocoPhillips last week, and doubled the size of the company. Acquired about 300,000 barrels a day of production. However, it is an $18 billion deal, and the market didn’t react very well, probably on concerns of balance sheet risks. Although constructive on Canadian energy, this would not be his preferred choice in the space.


Price:
$15.110
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
No
2017-04-05 COMMENT Must be logged in to use chart DOL-T Dollarama Inc.

The leading dollar store in Canada. An absolute growth powerhouse since the IPO in 2009. Reported 4th quarter earnings last week, and it was a massive beat relative to expectations. They increased their original target of growing to 1400 stores in Canada, to 1700 stores. At the current run rate, they are building 65-70 stores a year, and still seem to manage to generate very good 5%-6% comps in same-store sales growth, as a result of rolling out higher and higher price points. Great management and great execution. He would be very comfortable with this.


Price:
$113.870
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Unknown
2017-04-05 BUY Must be logged in to use chart GIB.A-T CGI Group (A)

Has kept a close eye on this and has a lot of respect for it. A growth company and has never paid a dividend. The new CEO has been there for about a year and the balance sheet has been substantially deleveraged. It has been about 5 years since the last major acquisition. Generally, they create value when they make acquisitions, and the new CEO is probably going to want to put his stamp on the company. The company has decent organic growth. Not overpriced.


Price:
$63.420
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
No
2017-04-05 COMMENT Must be logged in to use chart HMMJ-T Horizon's Medical Marijuana

Given how nascent the medical marijuana industry is, and how unsettled the regulatory environment is, it is very difficult to determine who is going to be the winners and losers. There is a bit of a gold rush mentality going on and it remains to be seen if that is the case.


Price:
$10.250
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
No
2017-04-05 BUY Must be logged in to use chart IPL-T Inter Pipeline

He likes this company. The yield is about 6% and they increase their dividend steadily. They own a lot of the pipelines that feed natural gas into the oil sands, and takes products out. A lot of the revenue is contracted, so there is no commodity price risk. Feels confident, both in the 6% yield and that there is strong profitability. This is a company that you can buy and sleep well at night.


Price:
$28.220
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Yes
2017-04-05 COMMENT Must be logged in to use chart LNR-T Linamar Corp

One of the 3 or 4 biggest auto parts companies in Canada. They’ve done a good job. Have benefited from the auto cycle over the last couple of years. The gains have sort of tempered a little. He prefers Magna (MG-T), given its larger breadth and scale.


Price:
$56.580
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
No
2017-04-05 PAST TOP PICK Must be logged in to use chart MG-T Magna Int'l. (A)

(A Top Pick Aug 29/16. Up 3%.) Feels people are reacting too much to peak auto sales. This sold off 4%-6% this week alone, just on weak sales numbers for the month of March, but one month doesn’t really make a trend. More importantly, the US is not the only auto market in the world. This company is selling in Europe and in Asia. They are also increasing content per vehicle.


Price:
$53.440
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Yes
2017-04-05 COMMENT Must be logged in to use chart MIC-T Genworth MI Canada Inc.

This is in a bit of a tug-of-war. CHMC has always been the dominant incumbent mortgage insurer. Given political concerns about elevated risks on housing, the government has been trying to offload some of their balance sheet risks and limiting mortgages, and that has accrued to the benefit of companies like this. It has a reasonably strong credit and bonds are BBB rated. The stock is trading below BV. A respectable yield. This is too fraught with risk for him to get all that enthusiastic at this stage.


Price:
$36.700
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
No
2017-04-05 COMMENT Must be logged in to use chart MPVD-T Mountain Province Diamonds Inc.

There are some issues in the end markets for diamonds. India had a de-monetization of currency late last year. The Indian diamond cutting and polishing industry is pretty much a cash-based fragmented market place. De-monetization has created quite a disruption and created problems for producers selling into it. He would be a little wary about this. However, there has been some M&A stirred up within the sector and there could be value buyers sniffing around, but the near-term profitability is a little bit murky.


Price:
$4.620
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Unknown
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