Viewing Expert David Baskin | StockChase
stockchase picture

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
2017-05-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The market had quite a selloff. People are maybe concerned that if Trump has to take gas, by either resigning or getting impeached, that his agenda won’t go through. We have gone a long time in these markets without a major retracement. There is a lot of good out there that kind of gets ignored. The US has essentially full employment. On the other hand, people are not making as much money and there is no upward wage pressure at all. We are seeing terrific corporate earnings, but on the other hand the US is having difficulty boosting its GDP anywhere north of 2%-2.25%.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2017-05-17 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Marijuana. Right now, clearly some of the medical marijuana companies are making money selling a demand. Once marijuana becomes legal, what is the barrier to entry? What is the moat that keeps everybody from growing their own marijuana in their backyard? He doesn’t know what is possibly going to keep the price of marijuana up. If he owned stocks, he would sell his shares before marijuana became legal.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-05-17 COMMENT Must be logged in to use chart ABX-T Barrick Gold

They have a lot of difficult geography in the sense of geopolitics. It seems that everywhere they have a mine, they are running into environmental and governmental activism and ecological concerns. It is not as easy for companies like this to go to Chile and dig a hole in the ground, and start taking out ore.


Price:
$23.260
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-05-17 COMMENT Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

A lot of people were looking for yield names, and a lot of names became too popular. This one came on the radar screen, and a lot of people bought it. The performance has been good. Most analysts feel that the distribution will continue to rise. If it’s an overweight in your portfolio, take some money off the table. 4.7% dividend yield.


Price:
$13.450
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-05-17 COMMENT Must be logged in to use chart BAC-N Bank of America

US banks took a big kick today. This is a good bank. He owns J.P. Morgan (JPM-N) and Goldman Sachs (GS-N), because he likes the underwriting as well as the commercial bank. You don’t get that with Bank of America. A lot of the enthusiasm about US banks, had to do with the Trump agenda of getting rid of a lot of the Dodd Franks regulatory structure. If you feel that the Trump thing is a tempest in a teapot and it is going to blow over, this is a buying opportunity. US banks are not expensive, and everybody should own at least one.


Price:
$22.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-05-17 COMMENT Must be logged in to use chart BAD-T Badger Daylighting

This is the latest Canadian company that is the subject of a Short selling campaign, originating in California. He could never understand how they could build a competitive company in this kind of business.


Price:
$23.000
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-05-17 COMMENT Must be logged in to use chart BB-T BlackBerry

If you want a technology play, this is really not in the game. It’s on life support.


Price:
$13.760
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-05-17 COMMENT Must be logged in to use chart BBD.B-T Bombardier Inc (B)

The problem with this is that there is a massive hole on the balance sheet, even after raising $1.6 billion. That’s about equal to the amount of money they blew through in the last 5 quarters. There is about $4 billion of negative equity on their balance sheet, along with $8 billion of debt, some of which is rolling over next year. You don’t really know if they are making money on their planes. The board is still stacked with family members and insiders.


Price:
$2.070
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-05-17 PAST TOP PICK Must be logged in to use chart BRK.B-N Berkshire Hathaway Inc. (B)

(A Top Pick March 2/16. Up 9.70%.) When he bought this, he felt it was undervalued on a Price to Book Value basis. This is still a buy.


Price:
$161.260
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-05-17 TOP PICK Must be logged in to use chart CCL.B-T CCL Industries (B)

A tremendous allocator of capital. They’ve made some great acquisitions. This is the world’s largest maker of specialty labels. They make banknotes, a very specialized product. Have grown both organically and through acquisitions. Dividend yield of 0.8%. (Analysts’ price target is $337.50.)


Price:
$303.170
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-05-17 TOP PICK Must be logged in to use chart CGX-T Cineplex Inc

When people go to movies, they are not now just going to the movies. Some are going to VIP movies. They are going to the enhanced screens. While it used to be a $20 experience, now you can pay $80. They are also opening up rec rooms where you can spend your money before you even go into the movie theatre. When you go on an airplane, movies are brought to you by Cineplex. They also have advertising. A lot of revenue lines. Dividend yield of 3.1%. (Analysts’ price target is $58.50.)


Price:
$51.940
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-05-17 DON'T BUY Must be logged in to use chart CNR-T Canadian National R.R.

One of the big questions having to do with this rail is NAFTA. A lot of what it does depends on commodity movement and commodity prices. It is a profitable company and is doing quite well. He wouldn’t buy it at this price.


Price:
$99.220
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-05-17 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

A good operator. If he were going to own oil, it might be one he would think about. He is not going to own any oil companies, because there is lots of evidence that there is too much production capability around the world. As soon as the oil price does go up, more production comes online.


Price:
$12.780
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-05-17 COMMENT Must be logged in to use chart CVS-N CVS Health Corp

The problem they’ve run into is a controversy about pharmaceutical benefits management, and what is going to happen with the intermediary companies. The problem is that Trump and some congressmen feel that what they are doing raises the price of drugs for other people. In the meantime, they are running a huge chain of drugstores, and increasingly, home-based medical care. He thinks the pharmaceutical benefits thing will blow over. He is still a buyer.


Price:
$76.330
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-05-17 COMMENT Must be logged in to use chart ENB-T Enbridge

You buy this for the dividend and the growth in the dividend. It’s one you stick in your portfolio and look at it once every year or two. 4.6% dividend yield.


Price:
$52.650
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 4,195 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.