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
2017-08-30 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The TSX has lagged pretty much every major developed world market year to date and is down about 1%. The MSCI ACWI (All Country World Index) is up about 15% in US$ (7% in Cdn$), so this is really in stark contrast to what is happening in the economies of Canada and most of the other developed countries. Canada has economic growth and is leading the G8 by about 3.7% annualized. Job creation has been quite robust. The TSX is trading below its 10-year average trading multiples on P/E and P/B. It offers a little more dividend yield than it has on average over the last decade. The rest of the world is trading at a premium to the 10-year average on all those metrics. The relative underperformance is attributed to worries being overblown about NAFTA getting torn up, or domestically a US style meltdown in our housing market. You have opportunity where stock prices are moving in one direction and corporate profits moving in another, which is where we are right now, so he expects the TSX to be moving higher later this year and into 2018.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
_N/A
2017-08-30 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold.  It has broken out past $1300. In the last couple of days there has been the sabre rattling with North Korea. It may have made a bottom in early 2016. He is not convinced that a new secular bull market is underway. However, our gold does have a role in a diversified and well-balanced portfolio, as a sort of alternative to cash. Thinks the decisive level for gold is $1375.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
_N/A
2017-08-30 PAST TOP PICK Must be logged in to use chart AGT-T AGT Food & Ingredients

(A Top Pick Oct 31/16. Down 33.88%.) Sold his holdings in May when they had a couple of back-to-back quarters of disappointing earnings.


Price:
$25.210
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-30 DON'T BUY Must be logged in to use chart ALA-T Altagas Ltd

Sold his holdings about a year ago because of valuation concerns, when the stock had gotten very expensive. It was trading north of 15-16 times EV to EBITDA. He would continue to avoid this, even with the setback in the stock price.


Price:
$27.400
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-30 PAST TOP PICK Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

(A Top Pick Oct 31/16. Down 10.7%.) Still believes in this. A rapid growth by acquisition. They run a big chain of convenience stores and gas stations in Canada, the US and northern Europe. Just closed on their largest acquisition, CFT Brands, a couple of months ago. Then they launched another take over of the Holiday chain convenience stores. Stock is cheap and undervalued, and he is still buying.


Price:
$60.050
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-30 TOP PICK Must be logged in to use chart BNS-T Bank of Nova Scotia

Canada’s 3rd largest bank. Our most globally ambitious bank. They have a strong and growing footprint in Mexico and Latin America, and increasingly in Asia. They have the most excess capital of any of the Canadian banks. Have been buying back shares, but they have shown good expansionist capabilities. Not expensive at 11X earnings. This, and many of the other Canadian banks has beaten the TSX in 18 of the last 25 years. Dividend yield of 4.1%. (Analysts’ price target is $86.)


Price:
$77.720
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-30 DON'T BUY Must be logged in to use chart CGX-T Cineplex Inc

The market darling for quite a long time. It did very well from about 2011 through to earlier this year. In the course of thriving and prospering, the stock got very richly priced. Trading at about 30X earnings. When you have a company trading at that multiple, and not really growing their earnings at a commensurate rate, it is very vulnerable to any short-term swing in sentiment. Hollywood has not come out with a good slate of movies this summer, which has really impacted them. He would be wary of the stock until things started to improve.


Price:
$36.930
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-30 COMMENT Must be logged in to use chart CTC.A-T Canadian Tire Corporation Ltd. (A)

Retail sales in Canada are extremely strong, and were up about 7.3% year-over-year as of June. This company is a direct play on that. This is vulnerable to the Amazon (AMZN-Q) impact, but that is down the road.


Price:
$148.500
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-30 TOP PICK Must be logged in to use chart FTT-T Finning Int

The world’s largest Caterpillar dealer. Their largest customers are public works. Mining is their 2nd largest. Mining industry capital spend has been in a nuclear winter since 2012, and is just coming out of that. Dividend yield of 2.8% per year and they’ve grown their dividend 8% per year (Analysts’ price target is $32.)


Price:
$28.750
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-30 BUY Must be logged in to use chart GIB.A-T CGI Group (A)

Canada’s largest provider of outsourcing IT services and solutions. Trades at a modest multiple on earnings of about 16 or 17 times. New management has ambitious plans to double the size of the company over the next 5-7 years. They’ve been doing small tuck in mergers and acquisitions.


Price:
$63.100
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-30 HOLD Must be logged in to use chart HCG-T Home Capital Group

This has been a battleground stock over the last year. There has been a lot of controversy, which culminated with an infusion of capital from Warren Buffett. The trouble was entirely of their own creation. They are going to survive and they have new management. The dividend is not likely to be reinstated anytime soon. He would prefer Canadian banks instead.


Price:
$13.360
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-30 COMMENT Must be logged in to use chart IPL-T Inter Pipeline

He likes this company. A lot of people are incorrectly lumping it in with oil. It is not a producer, but a transporter. They also have the midstream fractionation asset. They have a $3 billion capital spend decision which they expected to make by the 2nd quarter. Management is now saying that should fall into the 3rd quarter. This is to build an ethylene/polyethylene plant in Alberta. The province is awash in natural gas which is a feed stock for petrochemicals. Green lighting this project should put a lift to the stock price.


Price:
$22.850
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-30 COMMENT Must be logged in to use chart MFC-T Manulife Financial

Has had a nice move off the 2016 $18 level. Some of that is in tandem with the backup of interest rates. Beyond that though there are the company specific growth opportunities which are pretty good. What he likes most is their Asian division, which is growing by leaps and bounds. Also, their wealth management division is pretty strong. The one drawback is their US operations and they’ve been talking about monetizing that by spinning it off, which could be a potential catalyst for them.


Price:
$24.600
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-08-30 COMMENT Must be logged in to use chart MG-T Magna Int'l. (A)

Canada’s largest auto parts Company. It has been doing well over the last year. The albatross is the threat of NAFTA being torn up. His view is that the rhetoric and posturing is perhaps a bluff. Doesn’t think the fears are going to be born out. This company is taking share and outgrowing the industry in every region they operate in. There are also buying back a lot of stock. He still likes it.


Price:
$58.810
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-30 PAST TOP PICK Must be logged in to use chart PEY-T Peyto Exploration & Develop.

(A Top Pick Oct 31/16. Down 38.27%.) Historically this was one of the very best and growthiest producers in the Canadian oil patch. Unfortunately, they are swimming upstream in the natural gas environment we have seen. He sold his holdings.


Price:
$20.350
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
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