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

Viewing Expert

David Baskin , President

Baskin Wealth Management

Contact Info

Website: http://www.baskinfinancial.com/main/

Bio:

Following his early career as a lawyer and banker, David founded Baskin Financial Services Inc. in 1992. The firm, now operating as Baskin Wealth Management, has grown from assets under management of $25 million in 2000 to over $700 million today, with about 500 client families in seven provinces. David appears frequently on national television and radio as a commentator on the markets and is frequently quoted in the press. An enthusiastic sailor and traveller, David and his wife Joan Garson have two adult children. All are actively involved in community and charitable activities. 

Date Signal Chart Symbol Company Opinion Price
2017-02-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Trumps policies will be business friendly no matter what we think of his politics.  Everyone thinks a tax cut is good in the short term.  The infrastructure program could boost GDP by ½ half to ¾ of a point.  But then there is the debt on the other side of it.  Saying you are going to spend money and spending money effectively are two different things.  Spending has to be ramped up.  Markets may be getting a little ahead of themselves.  A lot of market gains have been concentrated in a couple of sectors.  If you take those out of the equation the rest of the market looks a little more sensible. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
_N/A
2017-02-16 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Lithium.  It is everyone’s favourite metal because of batteries.  There is no world shortage of lithium, but it does not mean it is hard to find.  It is not a scarce resource.  If you bought it 5 years ago you were a genius, but now everyone is on that trade.  It is too late.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-02-16 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Retailers like WMT-N and TGT-N with Trump's import policies.  Will Trump do something drastic about imports from the East?  If he does then Walmart's and Target’s margins will shrink.  Amazon has eaten the lunch of the retail industry and it is not stopping any time soon.  He is reluctant to get anywhere near the big retailers until we see exactly what Trump will do.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2017-02-16 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Over concentrating in financials.  If you are not diversified you are taking risk.  The Canadian financials are a tremendous sector.  It is an oligopoly.  If they do go down, however, they will all do so in concert.  He limits himself to no more than 20% of a portfolio in any one sector.  He likes Utilities, Telephones, Pipelines and REITs as they are nice diversifiers away from the banks.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
_N/A
2017-02-16 PAST TOP PICK Must be logged in to use chart AAPL-Q Apple

(Top Pick Jan 5/16, Up 35.29%) He still likes the stock.  If you take out all the cash they are trading at 9 or 10 times earnings.


Price:
$135.345
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2017-02-16 BUY Must be logged in to use chart AIG-N American International Group

They reported this week and the stock went down 10%.  It went down because they had to take some provisions.  They are the big beneficiaries of rising interest rates.  This is his favourite of the group.


Price:
$62.270
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-02-16 STRONG BUY Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Management is absolutely top grade.  Their idea of raising capital in partnerships is absolutely brilliant.  The street has systematically undervalued them in terms of these partnerships.  It is trading less than NAV.  It also has a rising dividend.  It is a must own.


Price:
$48.550
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-02-16 BUY Must be logged in to use chart BRK.B-N Berkshire Hathaway Inc. (B)

They are two of the best investors in the world.  They made a huge bet on AAPL-Q and on the airline industry.  You don’t get rich betting against these two guys.  It has not gone up as much as other financials.  It is still good value at this price.


Price:
$167.740
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2017-02-16 DON'T BUY Must be logged in to use chart BTI-A British American Tobacco

(Market Call Minute) He does not touch companies that addict their customers to deadly products.


Price:
$62.660
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2017-02-16 TOP PICK Must be logged in to use chart CAR.UN-T Canadian Apartment Properties

Canada’s biggest land lord.  They are opening up frontiers in Europe.  It is a wonderfully run company.  Very nice distribution.  Very solid balance sheet.  (Analysts target: $33.15).


Price:
$31.910
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2017-02-16 BUY Must be logged in to use chart CLR-T Clearwater Seafoods Inc.

He is less concerned about seafood going across the border than other farm products.  It is a very international business.  People are eating more and more seafood products.  This company is well positioned.


Price:
$10.980
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-02-16 HOLD Must be logged in to use chart CP-T Canadian Pacific Rail

He is not generally a big fan of CEOs as a rock stars, but in the case of Hunter Harrison what he did at CP-T was notable.  The efficiencies he found will stay on after he leaves.  Rails are commodity dependant.  If prices go up they will do well.  Trump is good for railways.  Commodities are unpredictable.  He thinks CP-T is fully priced.


Price:
$197.510
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-02-16 DON'T BUY Must be logged in to use chart CPG-T Crescent Point Energy Corp

The problem with oil is that as soon as oil gets above $50, there are lots of operators ready jump into action.  The question is if CPG-T can be profitable with $50 oil.  Warrant Buffet believes oil prices will be contained forever.


Price:
$15.070
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-02-16 TOP PICK Must be logged in to use chart CVS-N CVS Health Corp

They have a huge platform of pharmacies in the US, pharma benefits management and home healthcare.  The baby boomer generation is not going to suddenly not need their pills any more.  It is very cheap right now.  (Analysts’ target: $86.34).


Price:
$79.450
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2017-02-16 WEAK BUY Must be logged in to use chart CWB-T Canadian Western Bank

(Market Call Minute) Completely exposed to the West.  Its loan book is not as bad as people thought.  It is not going out of business.


Price:
$29.900
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
Showing 1 to 15 of 4,167 entries
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