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Compiling comments that experts make about stocks while on public TV.

Recent Opinions

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Date Signal Company Expert Opinion Price
2017-02-21 N/A A Comment -- General Comments From an Expert
A Commentary
Robert McWhirter

Market. Using Schiller’s cyclically adjusted PE, US stocks are not cheap. At 28X, it is 70% higher than the long-term average. However, valuations in most cases is not a good measure for market timing. More important is what is happening to interest rates. A lot of people indicate we still have another year or 2 for the market to run before there needs to be concern about an economic slowdown. Goldman Sachs thinks interest rates would need to go to nearly 4% before the economy would be markedly slowed down.


Price: $0.020
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: _N/A
2017-02-21 N/A A Comment -- General Comments From an Expert
A Commentary
Robert McWhirter

Energy. Charts are pointing to a $75 oil in the next year. If oil breaks out, you are going to see a lot of people in Alberta having a spring back in their step.


Price: $0.020
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: _N/A
2017-02-21 N/A A Comment -- General Comments From an Expert
A Commentary
Alex Ruus

Market. There is more bullishness. Canadians, with our much more centric political viewpoint, have taken the Trump election much more cautiously than the US, which are putting the pedal to the metal, as they are realizing it is really, really good for business. Canadians are slowly starting to clue in that it is really good for the US economy, and consequently good for Canadian and global economies. We will get indigestion in certain areas as we move on through 2017, but in other areas we will get some very positive results.


Price: $0.020
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: _N/A
2017-02-21 SELL Apple
AAPL-Q
Alex Ruus

(Market Call Minute.) A great company, but it is coming up to an unsustainable earnings level and their margins are going to be under pressure in the future.


Price: $136.700
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 COMMENT Alaris Royalty
AD-T
Robert McWhirter

6.9% dividend yield, and the payout is 75%, so the dividend is covered, but stretched. Earnings estimates are up 1% in the last 90 days. Earnings are expected to have a very modest growth of 3% for 2017 versus 2016. Free cash flow is a modest at 2.3%. This borders in the top 3rd of his database. If looking for an income vehicle, he would look elsewhere.


Price: $23.200
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Unknown
2017-02-21 PAST TOP PICK Alaris Royalty
AD-T
Alex Ruus

(A Top Pick Feb 2/16. Up 3.97%.) This has been a phenomenal long-term performer. The market has become very quantitative and momentum driven. The stock is now stabilizing and it is a great buying opportunity.


Price: $23.200
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2017-02-21 PAST TOP PICK Agnico-Eagle Mines
AEM-T
Robert McWhirter

(A Top Pick Feb 8/16. Up 29.61%.) The forecast at the time was that the long-term price of gold had bottomed and was headed up. Still thinks there is a good opportunity for gold because of rising inflation over the next couple of years.


Price: $61.410
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: No
2017-02-21 DON'T BUY Altagas Ltd
ALA-T
Robert McWhirter

Sold his holdings about 2 months ago. Payout ratio is 56%, reasonable within the utility part of their business. Earnings grew 75% as of October 20, and are forecast to decline by 19% when they report in February. Overall earnings for the year is forecast at $.99, and a slight decline to $.97 in 2017. Free cash flow growth is negative. He would prefer other stocks. Dividend yield of 6.7%.


Price: $31.650
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: No
2017-02-21 PAST TOP PICK Anthem Inc
ANTM-N
Alex Ruus

(A Top Pick Feb 2/16. Up 31.82%.) The #2 healthcare insurer in the US. Healthcare has been out of favour in the last year, but even with that this has made decent money. A testament to what a great quality business is. A fantastic cash generating business. Undervalued, trading at 12X 2018 earnings. Dividend increases every year, and they buy back stock.


Price: $164.220
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2017-02-21 COMMENT Algonquin Power & Utilities Corp
AQN-T
Robert McWhirter

Payout ratio is 50%. A “sleep at night” stock meaning it has a low beta, volatility is half of the market over the last 5 years. Year-over-year sales was up 9% in November and earnings were down 31% and down 21% in the coming quarter, but are expected to grow from $.42 to $.65, a 54% lift, against an 18 PE giving you a .33 PE to growth. A PE to growth that is less than 1%X is typically viewed as attractive. Ranks in the top 25% of his database. Enterprise value to EBITDA is 13X, which is pretty reasonable. Thinks there is a pretty secure future. Dividend yield of 5.2%. (See Top Picks.)


Price: $11.830
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: No
2017-02-21 BUY Birchcliff Energy Ltd.
BIR-T
Alex Ruus

(Market Call Minute.) A solid, solid gas producer on the West Coast.


Price: $7.580
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 PAST TOP PICK Boralex Inc.
BLX-T
Robert McWhirter

(A Top Pick Feb 8/16. Up 38.9%.) Wind and renewable energy. Continues to rank well in his overall dividend model. Yield of 3% and payout ratio of 23%. The purpose of owning this is to benefit from the rising earnings, up 36% in November, and expected to be up 75% when they report in March. Year-over-year earnings growth is expected to go from $.21 in 2016, to $.48 in 2017, giving a 42X PE multiple. Free cash flow is minus 7%. Enterprise value to EBITDA is at 13X. Still feels there are great opportunities for growth.


Price: $20.210
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: No
2017-02-21 HOLD Bristol Myers Squibb
BMY-N
Alex Ruus

A big legacy pharmaceutical company that has undergone a bit of a Renaissance in the last 5 years. One of the 2 big pharmas (along with Merck (MRK-N)) that have become leaders in cancer immunotherapy area, a fast growing area. In mid-2016 the stock really dropped because of a negative trial result. He likes this longer-term, but you have to be cautious because they are going through some turbulence. The stock still isn’t cheap. If it got down to around the 52-week low, that would be an area to start looking.


Price: $54.780
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 BUY Brookfield Property Partners
BPY.UN-T
Robert McWhirter

Year-over-year sales is up 14% and earnings are expected to grow by 17% when the report in May. Year-over-year earnings are expected to grow 47% for 2017. This gives a PE of 24X and a PE to growth of .5. ROE is still pretty modest and is expected to be 3.3%, however free cash flow on a 4th quarter trailing basis is attractive at 7%. This looks like a pretty good opportunity to make some money. Dividend yield of 5.1%.


Price: $30.810
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: No
2017-02-21 BUY Anheuser Busch Companies Inc.
BUD-N
Alex Ruus

(Market Call Minute.) This would be a Buy on weakness, and we are now at that weak point.


Price: $68.580
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 COMMENT Callidus Capital Corp
CBL-T
Robert McWhirter

Payout ratio on 4th quarter trailing cash flow is 28%. The challenge is near term earnings which are forecast to grow significantly from $1.19 to $1.82, a 53% earnings growth forecast for 2017 gives a PE of 10X and a PE/Growth of .2 which is particularly attractive. ROE of 19% is forecasted for this year with 11% free cash flow yield. Dividend yield of 6.5%.


Price: $18.380
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: No
2017-02-21 COMMENT Cardinal Energy Ltd
CJ-T
Robert McWhirter

Year-over-year cash flow was down 42% in November. However, earnings estimates have gone up by 20% in the last 90 days. Expected to lose $.13 in earnings this year, and $.02 next year. Forecasted as having $1.76 of cash flow for 2018 and $1.21 in 2017. If there is a rise in oil prices, this looks like a reasonable expectation.


Price: $8.850
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: No
2017-02-21 BUY Crescent Point Energy Corp
CPG-T
Alex Ruus

One of Canada’s preeminent oil companies. The largest landholder on the Canadian Bakken play in Saskatchewan, and have built a very big company on the back of that. One of the more profitable oil plays. We are now in a bottoming and slowly rising process now with oil prices. This is probably one of the better plays in the Canadian energy patch. A lot of institutions have a sour taste because of past transactions. A good investment.


Price: $16.310
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 COMMENT Capital Power
CPX-T
Robert McWhirter

In the top 10% of his database. Just acquired some new assets and it will be interesting to see how that will impact earnings. The 6.2% yield is significant, but they have significant free cash flow to support it.


Price: $25.800
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Yes
2017-02-21 HOLD CT Real Estate Invest Trust
CRT.UN-T
Alex Ruus

(Market Call Minute.) Owns a lot of Canadian Tire retail holdings.


Price: $15.330
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 COMMENT Capstone Mining Corp.
CS-T
Robert McWhirter

This has done well but charts show it getting a little toppy. Longer-term, this is a play on copper. Copper prices look like they have broken out recently, which would be quite positive for a lot of Canadian mining and copper companies over the coming 12 months. Ranks in the top 3% of his database.


Price: $1.730
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Unknown
2017-02-21 BUY on WEAKNESS Canadian Tire Corporation Ltd. (A)
CTC.A-T
Alex Ruus

(Market Call Minute.) A great, long term, Canadian retail franchise. It’s close to its 52- week high.


Price: $156.740
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 COMMENT Ceapro Inc.
CZO-X
Robert McWhirter

They extract the good stuff from oats for use in cosmetics. Also, extracts for use in food for reducing cholesterol. Recently increased their plant size by 10X. Still has a year’s worth of inventory stockpiled for covering risks with their new plant. There was some lumpiness in the most recent quarter with a Chinese customer not reordering. The question is, will he be back in the upcoming quarter. Thinks growth is pretty good with some interesting opportunities.


Price: $1.620
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Unknown
2017-02-21 TOP PICK Element Fleet Management
EFN-T
Alex Ruus

This is one of 2 parts that was spun out from the old Element Financial. North America’s leading fleet manager and growing organically as well as rolling up other fleet managers over time. They also have some fleet management in other parts of the world. Also, have a lot of peripheral services that they can provide to customers. Trading at 11X next year’s earnings. Dividend yield of 0.71%, which will probably be increased every year. He can see 40% upside from here. (Analysts’ price target is $14.66.)


Price: $14.030
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2017-02-21 HOLD Exchange Income
EIF-T
Alex Ruus

(Market Call Minute.) A good, well-run company. It has had a heck of a run over the last year.


Price: $39.640
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 DON'T BUY First Capital Realty
FCR-T
Robert McWhirter

Ranks in the top 3rd of his database. A fairly slow growing company. Earnings growth is forecast to be negative, going from $1.03 in 2016 to $.86 in 2017. Free cash flow is a minus 3% on a 4th quarter trailing basis. Using enterprise value to EBITDA, it trades at 22X 4th quarter trailing and is down 2.6%. Dividend yield of 4.2%.


Price: $20.570
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: No
2017-02-21 COMMENT Flyht Aerospace Solutions
FLY-X
Alex Ruus

An “Internet of things” company in a way, but for the aircraft industry. Provides critical data streaming from planes to the ground, and are the leader in that segment. Over time, this will become a global standard. They struggled for a number of years and just became profitable this year. It has great things ahead of it. Thinks the stock goes significantly higher.


Price: $0.270
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 TOP PICK Fortis Inc.
FTS-T
Robert McWhirter

A diversified international distribution utility holding company. 25% dividend payout ratio. Reported a 15% earnings surprise on Feb 16. Sales are up 11% year-over-year, and the growth margin grew 7% year-over-year. Free cash flow was up 44% and ROE is 8%. 3.7% dividend yield. (Analysts’ price target is $48.55.)


Price: $43.180
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Yes
2017-02-21 COMMENT Knight Therapeutics
GUD-T
Robert McWhirter

Basically a company that acquires pharmaceutical products, typically from other large established companies. Ranks in the top 3rd of his database. Earnings have been a bit challenged for the coming quarter. Most recently, sales were up 26% and earnings were up 54%. In the coming quarter,it is expected to have a step back, and earnings are expected to be $.03 versus $.08 last year. Earnings estimates have been shaved by 15%, and earnings for 2017 versus 2016 are literally unchanged at $.13 per share. Against a $10 stock price, that gives you and 82X PE multiple with low to no growth. There is a lot of competition and better opportunities in others.


Price: $10.820
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Unknown
2017-02-21 HOLD Hudson Bay Co.
HBC-T
Alex Ruus

(Market Call Minute.) Going through a bit of choppiness. Real estate is probably worth a lot, relative to the share price. Until you actually see that realized, weakness in their retail operations could put pressure on the stock.


Price: $12.360
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 SELL IBM
IBM-N
Alex Ruus

This has done pretty well in the last year, but that is after a five-year period of choppy performance. It has rallied out of the Trump election, and is probably not sustainable over a longer-term basis. They are a little behind the curve in terms of where technology is moving these days. It is more of a trading range stock now, and is at the higher end of its range. If it got closer to its 52 week lows, it would be a Buy again.


Price: $180.260
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-21 HOLD McKesson Corp
MCK-N
Alex Ruus

One of 3 really big pharmaceutical distributors in the US. A perfect example of short-term versus long-term investing. Healthcare has been a tough sector for the last year. Politically, it always has a big target on it back. He expects the sector as a whole to do a lot better this year. They are working in an oligopoly type structure now. They’ve had a lot of margin expansion over time, which may have ended. Longer-term he likes this, but in the short term it is going to struggle.


Price: $150.890
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2017-02-21 TOP PICK Magna Int'l. (A)
MG-T
Alex Ruus

The biggest auto parts manufacturer in Canada, and the 2nd globally. One of the most underappreciated Canadian success stories. He continues to be defied by the valuation in this market where we have Shopify (SHOP-T) trading at 100X 3-4 years out earnings, and you can buy this one at 7X next year’s earnings with a dividend that increases every year and they buy back stock. Dividend yield of 2.25%. (Analysts’ price target is $65.37.)


Price: $59.890
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2017-02-21 COMMENT Mitel Networks
MNW-T
Robert McWhirter

Year-over-year sales were down 11% and earnings were down 28% in November. For the coming quarter, earnings are expected to be down 13% year-over-year. PE is relatively modest at 9.9%, but growth is forecasted at 23%. If they can actually deliver that growth, the stock appears to be attractive, but with estimates being chopped, analysts are sceptical.


Price: $9.520
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Unknown
2017-02-21 PAST TOP PICK Microsoft
MSFT-Q
Alex Ruus

(A Top Pick Feb 2/16. Up 25.38%.) A nice performer. One of those great tech companies that is sticking with what is working and evolving with technology. They and Amazon (AMZN-Q) are neck and neck for Web services now. Amazon has the early lead in that business, but this company is better positioned to potentially become the longer-term winner because of their historic legacy relationships with businesses. 10% of their market cap is in cash. They pay a nice dividend and buy back a lot of shares. Thinks it is going higher.


Price: $64.490
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2017-02-21 COMMENT Neptune Tech & Bioresource
NEPT-T
Alex Ruus

He is quite excited about this. His 52-week target is $3. They had a really good quarter. The 3-year chart shows it has been a little tough. The old management left something to be desired. New management came in about 1.5 years ago, and have done a phenomenally good job of getting it turned around. It is now making money. Made a great acquisition last year and made some great strategic moves. They are settling all the lawsuits and making peace with the industry and moving forward. They’ve diversified the business and made a great acquisition last year for making special formulations of special health products. A cheap stock, trading at about 10X next year’s earnings.


Price: $1.350
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2017-02-21 TOP PICK New Flyer Industries Inc.
NFI-T
Robert McWhirter

The largest bus manufacturer and parts distributor in North America. Expecting earnings to grow by 37% year-over-year. There are great opportunities for bus manufacturers in North America. Dividend yield of 2.14%. (Analysts’ price target is $51.29.)


Price: $44.770
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Yes
2017-02-21 COMMENT Memex Inc.
OEE-X
Robert McWhirter

A kind of “Internet of Things” company within the 4 walls of a shop floor. If you have a manufacturing company, you want to be able to figure out if your machine is up and running, productivity, wait time, etc. In a lot of cases, the equipment on the shop floor is 15 years or older, and this company has an adapter that they can use to communicate with them. The company works with Cisco (CSCO-Q) as well as a very large Japanese equipment manufacturer. The payback is less than 6 months. Have just unleashed some new software, and are quite optimistic their clients should be keen on embracing that. Latest earnings were a bit lumpy, but overall the trend for what is going on in the industry is quite good.


Price: $0.225
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Unknown
2017-02-21 COMMENT Photon Control
PHO-X
Robert McWhirter

This makes stuff that makes stuff, particularly in the semiconductor space. Their key is extremely precise temperature and measurement pieces. Extremely profitable with a large free cash flow generation. Also, has a lot of cash on the shelf. They may end up acquiring something, or they may be acquired. They are dealing with 4 of the 5 large semiconductor makers. Thinks they have now signed the 5th giving them all of them, and they continue to try to get greater market share within those 5. The latest earnings results for a couple of their clients has been quite positive. Earnings are expected to be $.09 against $1.29, and he thinks there is still pretty good opportunity for the stock going forward.


Price: $1.240
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Unknown
2017-02-21 COMMENT Questor Technology
QST-X
Robert McWhirter

Great technology. Makes an extremely efficient incinerator for burning flared gas, in particular for getting rid of sulphur dioxide, etc. In spite of having great technology, not a lot of people are using it. Part of that relates to the declining price of oil and natural gas. With his expectation of rising oil prices, that should be beneficial for them. At the moment, earnings are expected to be $.02 against a $.75 stock price, giving a 38X PE multiple and a 4% ROE. He is waiting for an increase in overall sales volume to turn the company around.


Price: $0.750
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Unknown
2017-02-21 DON'T BUY Rio Tinto
RIO-N
Alex Ruus

One of the globes biggest mining companies. Before investing in any of these things, you have to figure out what resource prices are going to do over the course of the coming year. The mining sector tends to be a real momentum play. The stocks right now are running in a positive direction. Feels that they have surged up too far now.


Price: $46.150
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2017-02-21 PAST TOP PICK Saputo Inc.
SAP-T
Robert McWhirter

(A Top Pick Feb 8/16. Up 26.61%.) Ranks in the top 3% of his database. Overall yield is a modest 1.3%, but it does pay a dividend. Earnings were up 12% year-over-year on a 2% sales growth. In the coming quarter earnings are expected to be up another 12% with year-over-year growth at about 10.5%.


Price: $45.980
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Yes
2017-02-21 COMMENT Shopify Inc.
SHOP-T
Robert McWhirter

In recent results, sales grew like crazy, but unfortunately expenses also grew. Analysts have shaved estimates for earnings. Expected to lose $.28 in 2017, and to improve to positive $.19 in 2018. Against an $80 stock price, the 13X Price to sales multiple is somewhat breathtaking. It is a bit of a challenge figuring out what a reasonable price is.


Price: $82.890
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Unknown
2017-02-21 SELL Shopify Inc.
SHOP-T
Alex Ruus

This will soon be a great company, but he finds the valuation they receive interesting. Unfortunately, they don’t make money yet. They’ve been losing money every day so far. Have a lot of cash on the balance sheet and are rapidly increasing sales, and a year from now they should be profitable. Feels the valuation is out of control. If we get any kind of pullback, look for a sharp correction because there is no earnings support. Even looking out over 5 years, he can’t justify the valuation.


Price: $82.890
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2017-02-21 SELL Savaria Corp
SIS-T
Alex Ruus

A very interesting little Canadian company out of Montréal. Has done a great job of growing their business. They provide chairlifts for old and disabled people in homes, and small elevators for residences. Have been growing nicely over the last several years. He likes the business longer-term, but the stock has had one heck of a run, and the stock is pretty expensive. If you own the stock, he would be trimming, if not Selling it.


Price: $10.860
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2017-02-21 COMMENT Sun Life Financial Inc
SLF-T
Alex Ruus

Doesn’t own any insurers. However, long term, the Canadian insurers have been good businesses and have done quite well. Trying to figure out earnings, etc. is very difficult. A lot of these big financial institutions are big black boxes, and you don’t really know what is inside. In financial investments, you are probably better off with US financials.


Price: $49.080
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2017-02-21 COMMENT Tio Networks Corp
TNC-X
Robert McWhirter

PayPal (PYPL-Q) is acquiring this for about $3.35 in cash. The company has a bunch of locations in the US.


Price: $3.290
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: Unknown
2017-02-21 TOP PICK United Parcel Services
UPS-N
Alex Ruus

The world’s largest, global logistic company. The largest provider of small package and document delivery in the world. There was a little disappointment with their earnings last quarter and the stock pulled off, making it a great buying opportunity. Trading at 16X next year’s earnings and a 5% free cash flow yield. Dividend yield of 3.08%. (Analysts’ price target is $115.)


Price: $107.720
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2017-02-21 TOP PICK Western Forest Products Inc.
WEF-T
Robert McWhirter

Technical analyst Leon Tuey likes the profile. Year-over-year sales was up 10% and year-over-year earnings was up over 62%. ROE is 16.4% on a trailing basis and free cash flow yield is 8%, compared to 1.5% last year. Dividend yield of 3.72%. (Analysts’ price target is $2.32.)


Price: $2.200
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on OIL
Owned: No
2017-02-21 HOLD ZCL Composites Inc.
ZCL-T
Alex Ruus

(Market Call Minute.) An outstanding Edmonton-based company. A leader in the underground fibre glass storage tank market. Below $10, he would be a strong buyer.


Price: $12.700
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2017-02-17 N/A A Comment -- General Comments From an Expert
A Commentary
Hap (Robert) Sneddon FCSI

Markets.  Valuations have run ahead a little bit.  The Trump rally surprised a lot of people as did Brexit.  The French election will probably get the world’s attention.  Breakdowns are not always what they seem.  There are some things that are not adding up.  What is the fuel for the year?  The VIX is also going up.  Part of this last little push last week is that a hedge fund had to cover an error in their prediction.  The breakout confounded everybody.  Now we have a pause.  For a month or two there is a risk of a correction. 


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: _N/A
2017-02-17 COMMENT A Comment -- General Comments From an Expert
A Commentary
Hap (Robert) Sneddon FCSI

The Five Banks.  Caller is 50%+ with them.  Is splitting positive?  It can get more investors into the shares.  Look at BRK-N that have not ever split.  It is great that we focus on the general sector.  He does not see inflation as a big issue and we have seen a good run in the banks. 


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 N/A A Comment -- General Comments From an Expert
A Commentary
Christine Poole

Markets.  We have priced a lot of things in.  The S&P is up almost 10% since the election, with the TSX up 9%.  The market is anticipating the pro-growth policies being implemented and ignoring the anti-trade comments.  If there are delays in implementation we could easily get a pullback.  The US economy has been improving all along even before Trump.  Unemployment has been at 5% or lower for 16 months.  She likes what she sees for the earnings season.  Tax cuts will help to bring price to earnings ratios down.  We need to see policies implemented now. 


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: _N/A
2017-02-17 BUY on WEAKNESS A Comment -- General Comments From an Expert
A Commentary
Christine Poole

US Banks.  They have all done quite well post- the election due to the potential of less regulation.  She owns WFC-N.  There is nothing wrong with the others, but WFC-N has lagged and was better managed during the financial crisis.  JPM-N is the second best one.  Wait for a pullback before buying or adding to a position.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-17 HOLD Apple
AAPL-Q
Christine Poole

(Market Call Minute) It has done well, but don’t chase it.


Price: $135.720
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 HOLD Agrium
AGU-T
Christine Poole

She has held it for a number of years.  It was always her preferred play in that area.  Nutrients should have a good long term demand.  But this industry can get quite cyclical because using them can be put off for a number of years.  They have a retail operation which cushions them more than POT-T.  POT-T is buying them at the trough of the commodity price.  (Analysts’ Target: $141.06).


Price: $135.640
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 DON'T BUY American International Group
AIG-N
Christine Poole

They will benefit from higher interest rates.  They ran into difficulty during the financial crisis and had to restructure.  They are trying to grow their return on equity.  She keeps her insurance exposure in Canada.


Price: $62.500
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2017-02-17 BUY Bank of America
BAC-N
Christine Poole

(Market Call Minute) You could buy it for exposure to the US economy.


Price: $24.520
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 BUY Brookfield Asset Management (A)
BAM.A-T
Hap (Robert) Sneddon FCSI

He likes this business.  There is a loose base and you could call it a triangle.  Below there is a nice little support there.  It could come back to the trend line.  It is a really good name and they are good managers of assets.  He may buy this one.  Nice dividend and they run a really good business.


Price: $48.910
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 BUY Bombardier Inc (B)
BBD.B-T
Hap (Robert) Sneddon FCSI

It has been a tough one.  His bias is to stay away from this one.  He has been looking at taking a shot at this one, though.  The recent range is quite positive as it absorbed the news in the last two days.  It is interesting form a technical perspective.  $2.30 makes it interesting and a he has a target over $4.  If it breaks below $2.30 then it could below $2. 


Price: $2.530
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 DON'T BUY Avis Budget Group
CAR-Q
Christine Poole

The whole rental business is going through a difficult period.  The popularity of Uber is actually a negative for car rentals.  It is quite competitive in terms of pricing.  The business is pretty difficult and she would not invest there.


Price: $33.760
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2017-02-17 HOLD Caterpillar
CAT-N
Christine Poole

Things are slowly improving post- the election.  It is one of the highest quality players in this area. 


Price: $98.850
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2017-02-17 PAST TOP PICK Cineplex Inc
CGX-T
Christine Poole

(Top Pick Feb 9/16, Up 8.49%) She still likes it.  She bought it for the 3-3.5% yield and capital return of 5-8%.  She still likes it.  They are the largest theatre operator in Canada with a 77% market share.  They can’t control what happens at the box office, but they are really good at things they can control such as concessions spending.  They have advertising in their theatres and advertising signage.  They also have ‘rec room’ which offers gaming, etc.  They are a well managed company and will continue to grow.  She will be continuing to hold it.


Price: $51.250
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-17 BUY Chorus Aviation Inc
CHR-T
Hap (Robert) Sneddon FCSI

He uses a linear regression line right through the mean.  With dynamic regression it may not come back to you and you might have to just buy it.  He would just take your initial position here.  There is a bit of a level around $6.60 where there is support.  There are also levels in the high $5s.  It has an upward-to-the-right look.  Take a half or third position and then take more and that will confirm it is doing what you want.


Price: $7.460
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 BUY on WEAKNESS Cardinal Energy Ltd
CJ-T
Hap (Robert) Sneddon FCSI

In the next month energy could be presenting a good buying opportunity.  It has broken a downtrend and is base building.  It is ready to rip out of that zone.  The support should hold.  Take a half position on weakness.


Price: $8.640
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 COMMENT Crescent Point Energy Corp
CPG-T
Hap (Robert) Sneddon FCSI

It is in the sights of an active investor.  There is this downtrend and will probably run into resistance around $17.  People are interested when you get two bottoms so close. 


Price: $16.240
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 HOLD Crescent Point Energy Corp
CPG-T
Christine Poole

She has been adding to the name for at least the last year and a half.  It is 90% oil and is leveraged to its price.  They are in Saskatchewan and Alberta.  Prior to the down turn in energy they were criticized for continually issuing equity to fund acquisitions.  In September of 2016, they came again to the market, but to strengthen their balance sheet and fund Cap-X.  They have lagged in this rally because of this.  We will hear more about what the activist investor wants to do.  She is going to hold on to it.


Price: $16.240
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-17 HOLD Chartwell Seniors Housing
CSH.UN-T
Christine Poole

She has owned it for quite a number of years.  It is the largest seniors housing player in Canada.  She likes the demographics play.  The company sold off all their US properties and they have been developing and re-investing the money.  It has a 3.5% yield.  It has been strong over the past three weeks.  She would not buy it here, but hold it.  Wait for a pullback if you want to imitate a position.


Price: $15.870
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-17 PARTIAL SELL Canadian Tire Corporation Ltd. (A)
CTC.A-T
Hap (Robert) Sneddon FCSI

Big news today.  Strong sales.  Maybe there is something else in there.  See how it closes today.  It could come back to the $145-8 level.  We could be a slight amount over valued and you might want to sell half your position here.


Price: $157.490
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 BUY Chevron Texaco
CVX-N
Christine Poole

(Market Call Minute) Large integrated company paying a nice yield.


Price: $110.330
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 DON'T BUY DH Corporation
DH-T
Christine Poole

(Market Call Minute) They are having troubles in the US.


Price: $23.600
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 WEAK BUY Enbridge Income Fund Holdings
ENF-T
Christine Poole

She owns ENB-T because it is the bigger company.  She likes that company and the Spectra acquisition.  There is more growth in ENB-T.  ENF-T pays a higher yield.  When the Spectra deal closes they are bumping up the dividend.


Price: $34.260
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2017-02-17 DON'T BUY Fairfax Financial
FFH-T
Christine Poole

(Market Call Minute) She prefers to have more direct plays in the sectors or industries FFH-T is in.


Price: $618.000
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 DON'T BUY Freshii Inc
FRII-T
Christine Poole

(Market Call Minute) It is high growth and high multiple so she can’t get around the valuation.  The industry is highly competitive.


Price: $14.010
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 TOP PICK Fortis Inc.
FTS-T
Christine Poole

She likes it for the income, growth and the defensive nature of the business.  They just bought ITC corp. which is out of the US and expands their presence there.  ITC is a regulated electric utility.  Over 60% of FTS-T’s earnings are going to be coming from the US now.  They have good visibility post- the acquisition to grow their dividend 6% per year until 2021.  It has lagged the market, so all in, you should get 12% on this name. (Analysts’ target: $48.55).


Price: $43.200
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-17 DON'T BUY Gilead Sciences Inc.
GILD-Q
Christine Poole

They brought guidance down going forward.  They have a key HEP-C drug which is getting competition.  They have to figure out a way to grow their pipeline and then their revenue and earnings.  She would not be buying it for Pharma exposure.  See her top picks and she also likes ABT-N.


Price: $69.850
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2017-02-17 PAST TOP PICK Alphabet Inc. (A)
GOOGL-Q
Christine Poole

(Top Pick Feb 9/16, Up 20.76%) She still likes it.  It has lagged the rally, only up at 4% vs. the market being up 10%.  It is the 28th consecutive quarter of organic growth over 20% year over year.  That trend of digital advertising is going to continue to grow as only about 35% of advertising budgets are allocated to it.  They got a new CFO a couple of years ago who has brought a lot of financial discipline to the company so more growth is dropping to the bottom line.  They have been buying back stock even though they don’t yet pay a dividend.  They have a lot of cash off shore so policy changes in repatriation of cash will benefit them.


Price: $846.550
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-17 BUY Gran Tierra Energy Inc.
GTE-T
Hap (Robert) Sneddon FCSI

The downtrend is broken.  This is an energy name he would suggest.  The seasonal run may not happen on queue.  He tends to be more on pure service plays, but would buy this one.


Price: $3.600
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: No
2017-02-17 PAST TOP PICK Home Depot
HD-N
Christine Poole

(Top Pick Feb 9/16, Up 28.27%) She still likes it. It is a play on the US economy.  As employment and GDP improve people may spend more on home improvement. With a third of the age group 18-36 still living at home and as the job environment improves they tend to move out into a home of their own. The company is well managed and always increases their dividend. They report later on this month.


Price: $143.000
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-17 DON'T BUY IBM
IBM-N
Christine Poole

MSFT-Q vs. IBM-N.  If she had to choose, her preference would be MSFT-Q because of their cloud business which will grow.  IBM has not been able to figure out how to grow their top line.  Both have cash overseas and will benefit if there is repatriation of cash policy changes.


Price: $180.670
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2017-02-17 BUY Inter Pipeline
IPL-T
Christine Poole

(Market Call Minute) She likes it and it has a nice yield.  It just reported a good quarter.


Price: $29.510
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-17 TOP PICK Johnson & Johnson
JNJ-N
Christine Poole

They have done well in the pharma side.  They just announced the acquisition of a Swiss based pharma company.  They grow organically also.  They have identified about 10 products they are going to launch in the next three years that have about $1 Billion each.  They trade at 16 times earnings and have increased their dividend for 54 consecutive years.  (Analysts’ target: $126.32).


Price: $118.860
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-17 BUY Kraft Heinz Company (merged)
KHC-Q
Hap (Robert) Sneddon FCSI

They are going to take over UL-N.   Companies are going up during an acquisition now.  There is a nice general trend in this stock.  We are probably just coming up to valuations.  The down side is probably about $91.  It is looking pretty good in its space.


Price: $96.650
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 DON'T BUY Coca-Cola Company
KO-N
Hap (Robert) Sneddon FCSI

It is a really tough business.  It has a nice little rounded base on the 20 year chart.  Deterioration happened in September in the industry.  He does not see tones of catalysts.  You have to buy when valuations are in your favour.


Price: $41.230
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 DON'T BUY McDonalds
MCD-N
Christine Poole

It has done very well.  But she prefers Yum Brands in that space.  She holds both the companies after YUM split.  MCD-N has brought in some growth with menu innovation.  They have room to grow outside of the US, but YUM China is a more direct play.  MCD-N is probably fairly valued.


Price: $127.800
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 BUY Manulife Financial
MFC-T
Christine Poole

MFC vs. SLF-T (Market Call Minute) MFC-T is her preferred because it is at a lower multiple.  They can improve their ROE and garner a higher multiple.


Price: $24.830
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 COMMENT Microsoft
MSFT-Q
Christine Poole

MSFT-Q vs. IBM-N.  If she had to choose, her preference would be MSFT-Q because of their cloud business which will grow.  IBM has not been able to figure out how to grow their top line.  Both have cash overseas and will benefit if there is repatriation of cash policy changes.


Price: $64.620
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2017-02-17 BUY on WEAKNESS Merus Labs International
MSL-T
Hap (Robert) Sneddon FCSI

We have a downtrend in place.  It had to hold the $1.40 level and which it did for almost 2 years and then broke it.  This is a lower risk place to come in here.  It is starting to base here again.  You might get a nice upside breakout move here. 


Price: $1.140
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 PARTIAL BUY Northern Dynasty Minerals Ltd
NDM-T
Hap (Robert) Sneddon FCSI

We had a shot up post-Trump and then we see that rocket up (a triple).  When you have these kinds of news, it can go parabolic.  Only take a partial position.


Price: $2.970
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 WATCH Nvidia Corp
NVDA-Q
Hap (Robert) Sneddon FCSI

We are seeing a bit of a double top.  The relative strength is getting weak.  It is a classical exhaustion pattern.  It is a nice trend here so if the market resumes then it should participate.  Look for it to test the $90 range in a correction.


Price: $107.230
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 COMMENT NexGen Energy
NXE-T
Hap (Robert) Sneddon FCSI

A uranium project in Saskatchewan.  It has strong seasonality right now.  It is hard to know, if we get an exhaustion in the market, where will it go.  Probably the $3.80 and then the $2.60 levels.  It is tough to call.  There are safer names in Uranium.


Price: $4.020
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 PAST TOP PICK Proctor & Gamble
PG-N
Hap (Robert) Sneddon FCSI

(Top Pick Feb 5/16, Up 16.09%) They are in the sights of a hostile investor.  It got beaten down Sept. to Dec. last year.  The stock has now broken out and it is quite positive.  He expects it would work quite well in any correction.  He moved to XLP-N, which he loves.


Price: $91.090
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: No
2017-02-17 DON'T BUY Philip Morris International
PM-N
Christine Poole

(Market Call Minute) Their product is in a secular decline.


Price: $103.660
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 BUY on WEAKNESS Shopify Inc.
SHOP-T
Hap (Robert) Sneddon FCSI

Has been hitting record highs recently.  We have a nice trend, but that last leg is something you don’t want to pay up to.  They are open to a pretty decent haircut.  He has a target of $100.  It is framed by the market.  It is a higher beta.  Try to get it in the $60s or low $70s. 


Price: $80.660
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 DON'T BUY Sun Life Financial Inc
SLF-T
Christine Poole

MFC vs. SLF-T (Market Call Minute) MFC-T is her preferred because it is at a lower multiple.  They can improve their ROE and garner a higher multiple.


Price: $49.890
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 HOLD Telus Corp
T-T
Christine Poole

(Market Call Minute) Not her preferred play, but it is an oligopoly.


Price: $43.930
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 BUY on WEAKNESS Teck Resources Ltd. (B)
TECK.B-T
Christine Poole

They had a very strong fourth quarter and their guidance for the first quarter of this year because of pre-buying of Iron Ore in the fourth quarter on fears of prices spiking.  They had a big run.  Iron ore prices are not going to go back to the levels they were before.  The zinc outlook is quite favourable.  It is now getting back down to levels where she may pick up some more.


Price: $27.980
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-17 DON'T BUY Toyota
TM-N
Hap (Robert) Sneddon FCSI

He is about to buy another Toyota vehicle.  $95 was a recent bottom and it ran up.  It is right on trend here.  Around $107 is the top.  He expects weakness and also in other automakers.


Price: $113.700
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
2017-02-17 PAST TOP PICK Trans Canada Corp
TRP-T
Hap (Robert) Sneddon FCSI

(Top Pick Feb 5/16, Up 30.97%) The whole sector was starting to break down.  He does not hold this one anymore.  He now has ALA-T and SLB-N.


Price: $62.240
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: No
2017-02-17 COMMENT Unilever PLC
UL-N
Christine Poole

She has owned UL-N for 4 years.  She thinks the price is significantly too low.  She owns it because 15% of revenues is from emerging markets.  That is where the growth is in consumer goods. 


Price: $48.530
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 HOLD UnitedHealth Group Inc
UNH-N
Christine Poole

A very high quality health care provider in the US.  If you want exposure there, it is one of the best companies to hold.  She likes healthcare as a secular theme due to the aging demographics.  There is not one specific reason why is has gone up recently.  Keep holding it.


Price: $157.620
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-02-17 TOP PICK Wajax Corp
WJX-T
Hap (Robert) Sneddon FCSI

They have three divisions. Industrial components, power systems and equipment.  They have had a huge run up based on earnings.  They report in a couple of weeks.  It may be necessary to sell after that.


Price: $23.700
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Yes
2017-02-17 PAST TOP PICK Wal-Mart Stores Inc.
WMT-N
Hap (Robert) Sneddon FCSI

(Top Pick Feb 5/16, Up 5.84%) They were higher, but fell a little bit.  This one got hit a little bit more than the sector.  It is going to focus on its comps and its digital business.  It is doing a bit of base building. You get paid nicely to hold it now.  If it does not hold $65.80 then he would be concerned.  It looks good here at this level.


Price: $69.370
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Yes
2017-02-17 TOP PICK SPDR Utilities E.T.F.
XLU-N
Hap (Robert) Sneddon FCSI

If we think inflation is coming we should see that 10 year north of 3%, but it is not.  We broke above the $49 level.  There are a lot of buyers in there.  It is one of the strongest sectors.  If the 1 year gets above 2.6% then you have broken the theme.


Price: $49.570
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Yes
2017-02-17 TOP PICK SPDR Health Care E.T.F.
XLV-N
Hap (Robert) Sneddon FCSI

Just the big names in US healthcare.  We have seen the bottom in here.  It is one of the strongest sectors out there right now.  We saw some rotation last week.  It is in a secular bull market and we are at the beginning of it.  It has a really good valuation.  The political football that it has been is going to die down.


Price: $73.660
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Yes
2017-02-17 TOP PICK Xylem Inc.
XYL-N
Christine Poole

They are in the business of transportation, testing and treatment of water.  Drinkable water is a very scarce commodity.  21% of revenues are from emerging markets.  They are trying to give people access to sanitation.  In the US there is a lot of overhaul required on the existing systems.  In 2012 state governments cut back because there was no funding.  XYL-N also have exposure in the UK.  They just acquired a smart metering company and will do some cross selling.  (Analysts’ target: $54.00).


Price: $47.800
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-02-16 N/A A Comment -- General Comments From an Expert
A Commentary
Fabrice Taylor

Markets.  Big stocks are not cheap right now.  We had an 8-9 year bull market.  They are made all the more expensive given that interest rates might go up.  He is a bottom up guy and feels there is always something to buy.  Stocks always take a breather when they have had a run for a long time.  You have to expect there will be a breather at some point.  Have lots of cash and be ready to pounce when you have an opportunity. 


Price: $0.020
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: _N/A
2017-02-16 N/A A Comment -- General Comments From an Expert
A Commentary
David Baskin

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 A Comment -- General Comments From an Expert
A Commentary
David Baskin

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 A Comment -- General Comments From an Expert
A Commentary
David Baskin

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 A Comment -- General Comments From an Expert
A Commentary
David Baskin

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 Apple
AAPL-Q
David Baskin

(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 WATCH Athabasca Minerals
ABM-X
Fabrice Taylor

They operate some gravel pits in Fort McMurray and it is a hot commodity there.  They also have frac sand.  He is hesitant due to a lawsuit with one of their customers.  Wait for that to clear up.


Price: $0.240
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: Unknown
2017-02-16 BUY American International Group
AIG-N
David Baskin

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 DON'T BUY Altagas Ltd
ALA-T
Fabrice Taylor

They just made a very large acquisition. He owned it until just before they announced the acquisition.  They pay a big dividend by borrowing and raising equity to fund it.  Look at their cash flow statement and you may decide it is not as blue chip as you think.


Price: $31.210
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: No
2017-02-16 BUY Aecon Group Inc
ARE-T
Fabrice Taylor

Alberta is bouncing back a little.  It was a drag on them over the last couple of years.  Trudeau and Trump are promising infrastructure spending and that will benefit them.  (Analysts’ target: $18).


Price: $16.780
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: Unknown
2017-02-16 BUY AcuityAds Inc
AT-X
Fabrice Taylor

They have been a great performer and he is a customer of theirs also.  They do what they do very well.  They have an edge and are doing very well organically and also making some shrewd acquisitions.  He likes it.  [The Caller clearly asked for Acuity Ads but the control room put up the chart for Acuity Brands (AYI-N) instead].


Price: $3.640
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: Yes
2017-02-16 STRONG BUY Brookfield Asset Management (A)
BAM.A-T
David Baskin

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 COMMENT Birchcliff Energy Ltd.
BIR-T
Fabrice Taylor

Best in class, smaller natural gas producer.  Good management.  Good at increasing their reserves and managing costs.  It is just a play on gas prices.


Price: $7.840
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: No
2017-02-16 BUY BP PLC
BP-N
Fabrice Taylor

He thinks oil prices have bottomed and will start to move higher in fits and starts.  They had issues in the past that are behind them now.  They are a good company to own and are a cash cow.


Price: $33.680
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: Unknown
Showing 1 to 120 of 161,687 entries
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