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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
2017-06-26 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Markets.  An Italian bank is purchasing for one Euro two Italian regional lenders that were being bailed out, and are now being wound up.  This is the continuation of ‘too big to fail’.  The government is not doing a good enough job of regulating the banks there.  This is going to be troubling for decades to come.  If interest rates go up marginally, you see purchasing coming down.  At the end of the day, fixed income is a safe place to put your money.  There are doubts that Trump can ever cut corporate tax rates all the way to 15%.  This will affect small cap US stocks, which would have benefited tremendously from a big tax cut.  That makes the Russell 2000 index the most expensive in the world, so he is short that index. 


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-06-26 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment.  Robots.  A lot of boring jobs were replaced by computers and so a lot of jobs have gone away.  Amazon is breaking every space.  They could have cost a million jobs by now.  They are only going to get bigger and bigger in this space.  He feels there will be social problems coming.  From the mid-70s to today, the bottom 50% of people have seen no real growth in their incomes.  The next 40% have seen only a marginal growth.  The top 10% are all doing well.  BOTZ-Q and ROBO-Q are ETFs for robots and they have outperformed the world.  He will love them once we get a market correction.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-06-26 N/A A Comment -- General Comments From an Expert
A Commentary
Stephen Takacsy, B. Eng, MBA

Markets. Stocks aren’t cheap, but where else are investors going to invest.  It is more and more of a stock picker’s market.  It will be tough for Trump to accelerate US growth to 4%.  Canada is doing far better.  Stimulus spending and tax cuts are temporary.  We are probably in low inflation for the rest of our lives.  There is a lot of government debt.  There is too much stuff in the world and not enough people to buy it all.  He feels tech specialty companies are the way to go.  We are running out of tech names in Canada, however.


Price: $0.020
Subject: CANADIAN
Bias: SELECTIVE
Owned: _N/A
2017-06-26 COMMENT A Comment -- General Comments From an Expert
A Commentary
Stephen Takacsy, B. Eng, MBA

Fixed income is very tough.  You are earning next to nothing on government bonds.  He focuses on high yield, but keeps getting the companies redeeming them early.  He was picking away on beaten up preferred shares.  He suggests keeping your duration very short.


Price: $0.020
Subject: CANADIAN
Bias: SELECTIVE
Owned: Unknown
2017-06-26 N/A A Comment -- General Comments From an Expert
A Commentary
Peter Brieger

Market. A number of consumer sentiment indicators along with other broad indicators, peaked about a month ago and have pulled back slightly. Someone suggested that they have in fact peaked and are now in for a decline, a forerunner of a major economic slowdown, followed by a recession. If this is the case, you could look for a 5%-10% market correction. Given the severity of the recession in 2007-2008 and given debt levels, the recovery is going to take quite a bit longer than normal. He thinks we have another couple of years of 2% growth plus/minus, which is disappointing. However, he expects these pullbacks will be nothing more than short-term blips.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2017-06-26 COMMENT A Comment -- General Comments From an Expert
A Commentary
Peter Brieger

Royalty companies, large cap golds or intermediate golds over the next 3 years? If he had to own a gold security, it would be Central Fund (CAF.A-T) or a Gold bullion fund. Over the next 3-10 years, a number of things will happen. First of all, it is insurance against a major disaster. Secondly, inflation is not a factor right now, but should it reignite, this gives you some insurance. Finally, there is going to be a day of reckoning because a lot of companies will not be able to meet their pension fund liabilities, and there could be quite an upset in International circles and gold is a protection against that. If he had to pick 2 companies, the 1st would be Goldcorp (G-T) and the 2nd would be Agnico-Eagle (AEM-T).


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-06-26 COMMENT A Comment -- General Comments From an Expert
A Commentary
Peter Brieger

Sectors you would avoid? Very early he learned to avoid commodity stocks. Doesn’t think the world needs another hamburger stand or fast food outlet. He has never liked airlines, because they are always subject to uncertainties and price wars. On the other hand, US defence stocks are a natural, and he has looked at General Dynamics (GD-N), Huntington Ingalls (HII-N) for space weapons and defence and Raytheon (RTN-N).


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-06-26 COMMENT A Comment -- General Comments From an Expert
A Commentary
Peter Brieger

A robotics stock for growth? He doesn’t own any at this time. One that he does favour is an ETF Robo-Global and Automation (ROBO-Q). He likes that it has 35 or 40 different robotic companies, but most of them are Japanese or foreign. He likes Rockwell Automation (ROK-N), but it is just a tad too high. If this had a 5% pullback, he would be buying it big time.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-06-26 COMMENT Apple
AAPL-Q
Peter Brieger

A stock that, subject to your view of the market and your price parameters, you could own. You know for certain that this company is going to continue to be an innovator in a number of different areas.


Price: $145.820
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-06-26 STRONG BUY Andrew Peller
ADW.A-T
Stephen Takacsy, B. Eng, MBA

It got ahead of itself.  He is buying it at these levels and it is one of his biggest positions.  Wine is the fastest growing beverage in Canada.  It is a very good business and very well managed.  It is a good time to get in.  Their kits for home winemaking is a very good business.


Price: $11.100
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 PAST TOP PICK Agrium
AGU-T
Peter Brieger

(A Top Pick June 27/16. Up 9.95%.) The long-term case is that the world needs more food, and to maximize production, you need fertilizer. They have a great retail business which continues to grow. He wouldn’t be inclined to own it here because they are going to merge with Potash (POT-T), which will make them a major player in potash which, in the short term, creates quite a few questions. He would avoid this here.


Price: $122.770
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 BUY on WEAKNESS Algonquin Power & Utilities Corp
AQN-T
Stephen Takacsy, B. Eng, MBA

It is the renewable energy space and power/water utilities so only one side of the business is regulated.  There are a lot more acquisitions yet to come.  The dividend will continue to grow and there are organic growth prospects.  It is a little pricey so buy it on dips. 


Price: $14.170
Subject: CANADIAN
Bias: SELECTIVE
Owned: Unknown
2017-06-26 DON'T BUY Alimentation Couche-Tard (B)
ATD.B-T
Stephen Takacsy, B. Eng, MBA

It is a great success story.  They have done a good job of consolidating the industry on a global basis.  There is not a lot of organic growth and gasoline margins are very thin.  30-40% of sales are from tobacco so he has an ethical problem with it.  They have benefited from other retail not selling tobacco.  It is not an attractive business, nor is it attractively priced.


Price: $63.620
Subject: CANADIAN
Bias: SELECTIVE
Owned: No
2017-06-26 PAST TOP PICK Badger Daylighting
BAD-T
Stephen Takacsy, B. Eng, MBA

(Top Pick Jun 29/16, Up 14.70%) He thinks manipulation is going on.  You should load up the truck on it.  This is a great business.  They are growing profitably in the US.


Price: $25.740
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 DON'T BUY BlackBerry
BB-T
Stephen Takacsy, B. Eng, MBA

They are in fast decline and some of the new businesses they want to get into have no guarantee of making up for the declining business.  It is a tech stock, is very uncertain and is too risky.


Price: $13.590
Subject: CANADIAN
Bias: SELECTIVE
Owned: Unknown
2017-06-26 DON'T BUY Callidus Capital Corp
CBL-T
Larry Berman CFA, CMT, CTA

It is specialty financing so they get caught up in the whole HCG-T space.  CBL-T is in a corporate mess.  You have to wait for the dust to settle.  When there is something this acute, the chart and technical analysis are not useful.


Price: $14.970
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-06-26 COMMENT Central Fund of Canada Ltd (A)
CEF.A-T
Peter Brieger

He likes gold, and this is a very easy way to play bullion, both silver and gold. Unlike some of the US ETF’s, where there was a question mark about security of delivery, this company’s funds are stored at King and Bay, and is not lent out. A very conservative way to play bullion.


Price: $16.290
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 WATCH Corus Entertainment (B)
CJR.B-T
Stephen Takacsy, B. Eng, MBA

They are coming out with results today or tomorrow.  He feels the next couple of quarters will show some growth, in which case it is very undervalued.  The advertising revenue should start to go up.  The high yield is sustainable and is not a warning sign.  There should be some really good upside here.


Price: $13.300
Subject: CANADIAN
Bias: SELECTIVE
Owned: Unknown
2017-06-26 DON'T BUY Cargojet Inc
CJT-T
Stephen Takacsy, B. Eng, MBA

They have high barriers to entry.  It is a virtual pipeline in the sky.  The stock is quite pricey now, however.


Price: $47.300
Subject: CANADIAN
Bias: SELECTIVE
Owned: Unknown
2017-06-26 BUY on WEAKNESS Canadian Natural Rsrcs
CNQ-T
Larry Berman CFA, CMT, CTA

Energy is his biggest weight in his portfolios and has been for a couple of weeks.  We are at the lower end of the oil price range.  CNQ-T has held up well over the last 5 years.  He does not see the tail risk currently.  You want to buy a quarter or a third into a position and do so on weakness.


Price: $37.530
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-06-26 WATCH Canadian National R.R.
CNR-T
Peter Brieger

This has had quite a run and wouldn’t buy it at this time. All the rails are expensive. He would like to see this pull back at least 5%-8%.


Price: $107.010
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 COMMENT Crescent Point Energy Corp
CPG-T
Peter Brieger

He can’t see this or any other major oil companies turning around, until there is a better resolution on oil prices. However, it is so cheap at this point that he would think it is a take-out candidate at some time. It has just become too cheap.


Price: $9.970
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 PAST TOP PICK D-Box Technologies
DBO-T
Stephen Takacsy, B. Eng, MBA

(Top Pick Jun 29/16, Down 52.23%) They just had a great quarter, but the backlog went way down in the commercial movie theatre side. The backlog is now way up.  The year was disappointing, however.  Growth is enormous for them now.


Price: $0.320
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 COMMENT Defiance Silver Corporation
DEF-X
Peter Brieger

A silver play in Mexico, one of the last great potential silver discoveries, i.e., an extension of the vein in terms of the length, width and depth. A great play and a good speculation.


Price: $0.310
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 WATCH DHX Media
DHX.B-T
Stephen Takacsy, B. Eng, MBA

He follows it closely for the children’s content space.  They did a great job of monetizing content.  They have been on an acquisition binge and have to keep acquiring content to keep the ball rolling.  They have quite a bit of debt and have to pay that down quickly.  The stock has come down a lot and it is coming close to a buy.


Price: $5.550
Subject: CANADIAN
Bias: SELECTIVE
Owned: No
2017-06-26 BUY Emera Inc
EMA-T
Stephen Takacsy, B. Eng, MBA

It is a really defensive name with a great yield.  They are a really diversified power producer in the North East US and Eastern Canada.  They should be able to grow the dividend over the next year.  It is a really well managed company.


Price: $48.860
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 BUY Enbridge
ENB-T
Peter Brieger

One of the major players in the North American energy field, and will become more so with the closing of the Spectra deal. Incredibly cheap. The company feels their dividends can be grown at 10% per year.


Price: $52.450
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 TOP PICK Equitable Group
EQB-T
Stephen Takacsy, B. Eng, MBA

It was caught up in the HCG-T issues.  The short sellers started pouncing on these players.  They secured loans at very low interest rates.  They pre-empted potential contagion in the industry. They are getting so much new business that they can cherry pick their new customers.  It is trading just above book.  (Analysts’ target: $62.00).


Price: $61.910
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 HOLD Goldcorp Inc
G-T
Peter Brieger

This would be a good choice. A 2nd one would be Agnico Eagle (AEM-T).


Price: $18.130
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 DON'T BUY Gibson Energy
GEI-T
Stephen Takacsy, B. Eng, MBA

They are more transportation than pipeline.  It is a little riskier.  The dividend is safe, but the growth is a little more challenged.


Price: $16.940
Subject: CANADIAN
Bias: SELECTIVE
Owned: No
2017-06-26 PAST TOP PICK Home Depot
HD-N
Peter Brieger

(A Top Pick June 27/16. Up 24.19%.) He still likes this and it is still a Buy for a long-term buyer.


Price: $151.420
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 BUY Input Capital Corp
INP-X
Stephen Takacsy, B. Eng, MBA

Management are really sharp guys.  Canola prices have remained quite stable for some time.  This is early days for this company.  They are barely scratching the surface with all the farmers out West.  This is the time to buy if you want an agricultural stock.


Price: $2.030
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 TOP PICK Inter Pipeline
IPL-T
Peter Brieger

This has been a consistent long-term grower. The reason for its recent poor performance is that most of its business comes from transmission to and from the oil sands, which has been in the doldrums. They also have conventional oil and a gas fracing business as well as storage in the UK. There is tremendous potential of long-term leverage in a pickup in the oil sands business, where they have 50% capacity in their pipelines. They are experimenting with looking at propane dehydration, which will eventually lead to the production of plastic, which could be a major growth business. Dividend yield of 6.5%. (Analysts’ price target is $30.)


Price: $24.940
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 TOP PICK K-Bro Linen Inc
KBL-T
Stephen Takacsy, B. Eng, MBA

Canadian leader in linen services to hotels and hospitals.  There are high barriers to entry into the industry and they have limited competition.  It is a duopoly in Canada.  They have high margins and good cash flow.  It has pulled back in the last year because they are in a large cap-x program.  It is better valued now considering the future benefit of the cap-x program.  Demographics are behind them.  They have long term contracts with very high renewal rates.  (Analysts’ target: $43.50).


Price: $39.460
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 BUY Napec Inc
NPC-T
Stephen Takacsy, B. Eng, MBA

They had very good results last quarter, but it is still a ‘show me’ story to a lot of people. There are big investors accumulating in the name. If management delivers on promises the stock price should go a lot higher.


Price: $1.110
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 HOLD PowerShares Canadian Dividend Index ETF
PDC-T
Larry Berman CFA, CMT, CTA

Canadian dividend index.  You have big exposure to banks and insurance.  It is a fine, diversified mix, and fine as long as we don’t get a pull back in any of the names.  He would have preferred a covered call overlay (e.g. ZWC-T).


Price: $27.600
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-06-26 COMMENT Pembina Pipeline Corp
PPL-T
Stephen Takacsy, B. Eng, MBA

VSN-T was a natural one to get acquired.  He is going to hang on to the stock he gets in the deal.


Price: $42.970
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 BUY Power Financial Corp
PWF-T
Peter Brieger

Had owned this in the past and likes it. It holds Great West Life (GWO-T) and Investors Group, so it has some European participation. A great way to play these 2 stocks plus Europe at a discount. Expects there will be continuing dividend growth.


Price: $33.320
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-06-26 COMMENT Russel Metals
RUS-T
Stephen Takacsy, B. Eng, MBA

He owns bonds of this company.  It is a very cyclical stock.  They have cut the dividend before and will again if need be.  It is going to be a volatile stock, but it is a very well managed company.


Price: $25.380
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 PAST TOP PICK Royal Bank
RY-T
Peter Brieger

(A Top Pick June 27/16. Up 29.82%.) One of his 3 favourites along with Bank of Montréal (BMO-T) and Toronto Dominion (TD-T). This is one that you can buy here and hold it happily. (See Top Picks.)


Price: $93.990
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 COMMENT Scorpio Gold Corp.
SGN-X
Peter Brieger

He would advise viewers to go to this company’s website and looking at the management discussion, which you might find interesting.


Price: $0.055
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 DON'T BUY Shopify Inc.
SHOP-T
Stephen Takacsy, B. Eng, MBA

It is one of those stocks he would not normally be able to buy because the valuation is so high based on earnings today.  They are continually investing in growth.  They cater to small to mid-sized businesses.  They have to keep marketing.  They are trying to go up-market to larger corporations.  It is nosebleed valuation. 


Price: $122.220
Subject: CANADIAN
Bias: SELECTIVE
Owned: Unknown
2017-06-26 BUY on WEAKNESS Savaria Corp
SIS-T
Stephen Takacsy, B. Eng, MBA

One of his biggest positions.  They have done well in terms of growing their business organically.  They make mobility aids.  They acquired a company in the US that makes mattresses for institutions.  Management have done a good job of growing SIS-T organically, but now are making a very opportune acquisition in the US.  The stock is not cheap, but the demographics are blowing a huge tailwind into it.


Price: $16.160
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 WEAK BUY Stella-Jones Inc.
SJ-T
Stephen Takacsy, B. Eng, MBA

They are mostly railway ties and utility poles.  They will not be greatly impacted by additional infrastructure spending.  They will benefit from the replacement cycle.  It is not cheap.  He was looking to get back in in the mid-$30s, but never did.  It is well managed and their acquisitions were very accretive.  There has been a slowdown in the sector and some margin pressure due to inventory builds.


Price: $43.690
Subject: CANADIAN
Bias: SELECTIVE
Owned: Unknown
2017-06-26 COMMENT Sun Life Financial Inc
SLF-T
Peter Brieger

Prefers Manulife (MFC-T), although the earnings are not terribly different, but Manulife is somewhat cheaper, and also is very well-placed to benefit from the growth in Asia.


Price: $44.970
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-06-26 PAST TOP PICK Sandvine Corp.
SVC-T
Stephen Takacsy, B. Eng, MBA

(Top Pick Jun 29/16, Up 53.61%) They are being taken out.  He thinks it is worth substantially more, however.  It is extremely profitable with high margins.  He thinks a higher bid will come in.


Price: $3.930
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 WAIT Toronto Dominion
TD-T
Larry Berman CFA, CMT, CTA

The Canadian market has come off about 5% from the highs.  This is why the banks are off from earlier in the year.  There is definitely risk around real estate and the Canadian economy.  Banks are much more attractive at the level they were at about the time of the Trump election and there is a risk they will go there again.


Price: $65.210
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-06-26 TOP PICK Toronto Dominion
TD-T
Peter Brieger

He likes their PNC business, the efficient quality of their loans and the efficiency that they are running their affairs. They are very focused on cutting costs and making the whole organization more efficient. The quality of their credit losses is one of the best of the bunch. Also, likes that they can innovate with new marketing, especially in the US. Dividend yield of 3.7%. (Analysts’ price target is $71.)


Price: $65.210
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 SELL ON STRENGTH Teck Resources Ltd. (B)
TECK.B-T
Larry Berman CFA, CMT, CTA

Steel stocks have been beaten up and he plays it through an ETF.  You have Met. coal in TECK.B-T and so he thinks there is downside potential.  He would sell into rallies.


Price: $21.900
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-06-26 TOP PICK Ten Peaks Coffee Co
TPK-T
Stephen Takacsy, B. Eng, MBA

The only one with a chemical free decaffeination process – the Swiss water method.  They are spreading it throughout the world as the chemical process is being banned in more and more countries.  He owns about 7.5% of the company as he accumulates it.


Price: $6.340
Subject: CANADIAN
Bias: SELECTIVE
Owned: Yes
2017-06-26 HOLD Americas Silver Corp
USA-T
Peter Brieger

The main focus of their property is in Mexico. The initial ore body ran out, and they are now putting another one into production. There are a number of ample opportunities in that whole area, so there could be an expansion in that part of the holding. They also have a property in Idaho, which basically has a 10-year reserve life, as well as a new holding in Mexico.


Price: $3.800
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-06-26 TOP PICK Xylem Inc.
XYL-N
Peter Brieger

This is water. Given the rise in world temperatures, and given the droughts in specific areas, water is going to be in a major scarcity mode. This company is a major player in that area. They are a very socially responsible company and recognize the problems, and are pouring more and more money into R&D. They are basically working with their customers in a broad range of water usage. They have a global orientation. Trading at 23.5X this year’s earnings which is somewhat expensive, but he is seeing consistent double-digit growth. Dividend yield of 1.3%. (Analysts’ price target is $55.)


Price: $54.680
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-06-26 DON'T BUY BMO Emerging Mkts Bond Hedged CAD
ZEF-T
Larry Berman CFA, CMT, CTA

ZEF-T vs. ZHY-T.  The question is credit risk.  You have emerging market risk with ZEF-T and so you get extra yield.  When you do the correlation of the higher yield, they trade more like an equity than a bond.  ZEF-T is an equity type risk, where as ZHY-T is more like fixed income.  He does not think it is the time to step into either of these.


Price: $17.080
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-06-26 DON'T BUY BMO HighYield Corp Bond US Hedge to CAD ETF
ZHY-T
Larry Berman CFA, CMT, CTA

ZEF-T vs. ZHY-T.  The question is credit risk.  You have emerging market risk with ZEF-T and so you get extra yield.  When you do the correlation of the higher yield, they trade more like an equity than a bond.  ZEF-T is an equity type risk, where as ZHY-T is more like fixed income.  He does not think it is the time to step into either of these.


Price: $14.660
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-06-26 WATCH BMO Covered Call Utilities ETF
ZWU-T
Larry Berman CFA, CMT, CTA

80% Canada / 20% US.  It is not a fixed income replacement.  He is not adding to his holding right now.  He loves it as a yield play and would add more if we sold off more aggressively.  He has half a position.


Price: $14.150
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-06-23 N/A A Comment -- General Comments From an Expert
A Commentary
James Hodgins

Market. The US market is extremely overvalued. On a Price to Sales basis, it is more expensive than it was in 2000. That tells us that there is not a lot of expected return from here. He is not saying equities over the long-term can’t be good investments, but when you are entering at a point of such extreme overvaluation, like we are now, it is best to wait. Every 10 years there is at least one 30% drop-down in stocks, and we are now approaching 10 years in this bull market, and there hasn’t been much of a drawdown so far. We are well overdue for one. The extraordinary debt bubble that has been created since 2000, never really was sold. Debt to GDP ratios are extremely elevated. When that starts to unwind and we get to the other side of the credit cycle and liquidity is no longer being created into the economy, that is when you will see the big decline in equities. Any Long positions he has are special situations. He has a lot of Short positions.


Price: $0.020
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: _N/A
2017-06-23 N/A A Comment -- General Comments From an Expert
A Commentary
David Cockfield

Market. The market has been a bit of a disappointment this year. When both financials and energy are a little weak in the knees, the market doesn’t do much. We have probably seen a bottom in the banks at this point. There is a misunderstanding or lack of knowledge in the US of how Canadian banking works. We are in a low interest rate environment for the foreseeable future. Doesn’t see a recession coming again, but we need to see a period of drift down of 5%-10% with some stability coming in.


Price: $0.020
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: _N/A
2017-06-23 COMMENT A Comment -- General Comments From an Expert
A Commentary
David Cockfield

Indexed based ETF’s or sector-based ETF’s? He buys both. You have to look through the name and what they hold, and decide where you want to focus. If you really feel strongly about a particular sector, that is the one that you go to.


Price: $0.020
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2017-06-23 N/A A Comment -- General Comments From an Expert
A Commentary
David Cockfield

The difference between mutual funds and ETF’s? Mutual funds are fully managed portfolios, and fees are higher because of that. They are selling to a lot of small investors and there is a fair amount of administrative costs. ETF’s are much simpler in that you have just a straight portfolio that is usually focused in a particular area and there is not a lot of investment management going on, and a lot less administrative costs. Fees on ETF’s are significantly less.


Price: $0.020
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: _N/A
2017-06-23 DON'T BUY AutoCanada Inc.
ACQ-T
David Cockfield

A great concept, and initially there were savings in aggregating a bunch of dealerships. Unfortunately, they started in Alberta. Until there is more diversification across Canada, or until we get a big recovery in Western Canada, this is a stock that is not going to do much for you.


Price: $18.410
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2017-06-23 WAIT Agrium
AGU-T
David Cockfield

The stock got pricey, and he is not keen on Potash (POT-T) which is merging with them. He wished that they had both stayed independent. If it got down under $100, he would have another hard look at this.


Price: $122.390
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: No
2017-06-23 COMMENT Alimentation Couche-Tard (B)
ATD.B-T
David Cockfield

Thinks this company is going to do okay. The stock has run into a sort of flat period right now, and he doesn’t see any significant downside. These people are super operators, and seemed to be able to take on good sized acquisitions and make them accretive.


Price: $61.420
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: No
2017-06-23 COMMENT Badger Daylighting
BAD-T
James Hodgins

He doesn’t like the huge amount of management turn over. There are some questions around accounting and some of their franchisees. Has a very tiny Short position on this. There is more downside than upside on this.


Price: $25.920
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 COMMENT BlackBerry
BB-T
David Cockfield

Considers this as somewhat speculative. He has some in portfolios, but usually at the direction of clients. Recently the stock has gone up on the basis of the present management doing a better job. There was a little disappointment in the last quarter. The stock is fine, expectations just got a little ahead of themselves. They have lots of cash. Expects the stock will continue to make progress.


Price: $12.860
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2017-06-23 PAST TOP PICK Baytex Energy Corp
BTE-T
David Cockfield

(A Top Pick May 27/16. Down 52%.) He believed that the market was changing and it looked like the price of oil was going to stay in the $50 area.


Price: $2.950
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2017-06-23 TOP PICK CASH
CASH
James Hodgins

For people who are comfortable Shorting, he would have no problem recommending Shorting a broader ETF of equity markets. Thinks we are in for about a 30% downdraft in equities over the next 12-18 months.


Price: $0.010
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 DON'T BUY Callidus Capital Corp
CBL-T
James Hodgins

A high-risk lender. It is down a lot and offers a dividend yield, and they’ve been buying back tons and tons of stock. If there is any downturn in the economy, some of the protection that was offered on their loans from their parent company, has now expired. He would stay away.


Price: $15.040
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: No
2017-06-23 COMMENT Concordia Healthcare
CXR-T
James Hodgins

He is pessimistic on this. They recently hired another set of advisors to advise them on capital structure. That usually doesn’t end well for equity holders. Just had so much debt. The big UK acquisition they made really went south on them in a hurry. Expects debt holders are either going to want a massive equity dilution or for some kind of bankruptcy and restructuring. The equity is probably close to worthless.


Price: $1.710
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Unknown
2017-06-23 COMMENT EcoSynthetix Inc
ECO-T
James Hodgins

He is one of the largest shareholders in this. They now have 2 commercial mills up and running with their DuraBind products. They make the binding that goes into IKEA-like furniture. Not into IKEA yet, but there is a good chance they will be. IKEA has announced that they want all their bindings for furniture, flooring, etc. to be formaldehyde free by 2020. This company’s products are the best alternative out there. They have about 40% of their market cap in cash, so he sees very limited downside, but a lot of growth potential. There is a good chance they will be profitable by the end of the year.


Price: $2.860
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 BUY Enbridge
ENB-T
David Cockfield

The pipelines are essentially utilities. He is glad the Northern pipeline is dead and buried as he thinks it would have been a major problem for them. This is in a Buy zone right now and has a good yield. He can see more construction coming on for the pipelines in Canada. Dividend yield of 4.7%.


Price: $52.220
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2017-06-23 BUY Supreme Pharmaceuticals Inc
FIRE-X
James Hodgins

Cannabis. They’ve had their cultivation license for a long time. There should be no problem. Seem to have a well-run operation. Management is fine. Once they get the sales license, there is some good upside in the stock. This is a reasonable time to be picking away at stocks like this.


Price: $1.290
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 COMMENT goeasy
GSY-T
James Hodgins

Subprime lending with an average duration of 3-6 months. Extremely high interest rates for people who can get loans from banks. He exited his position because the stock had such a huge run, and he thought it was getting fairly valued. There is still a lot of growth in the company. Because these are subprime loans and his views on Canadian housing, he would have a kind of negative 1-2 year view on this. He will be watching to see if the stock takes a plunge before he gets interested. He likes management.


Price: $29.440
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: No
2017-06-23 COMMENT Home Capital Group
HCG-T
James Hodgins

There were some lax lending practices, and some prior relationships with mortgage brokers that had fudged the numbers. When the tide goes out on the Canadian housing market, there will be a lag factor of about 6 months on prices. When it goes, there will be a huge recession in Canada. He has Shorted this in the past.


Price: $18.610
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: No
2017-06-23 COMMENT Horizon North Logistics
HNL-T
James Hodgins

A maker of work camps for resource projects. Oil/gas was their biggest sector base, so it took a big decline. There are some infrastructure projects they can bid on, but there is a lot of competition. Prefers Macro Enterprises (MCR-X), where if you add up the cash and equipment it is worth about $3.


Price: $1.340
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Unknown
2017-06-23 PAST TOP PICK Intertain Group
ITX-T
James Hodgins

(A Top Pick March 29/16. Up 3%.) Online bingo. He still likes the company and owns a small amount.


Price: $10.630
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 COMMENT Greenspace Brands Inc
JTR-X
James Hodgins

He likes this a lot. They just reported earnings which were fine. This is not really an earnings story yet, it is a revenue growth story. Their strategy is to acquire organic food and beverage companies, and use their distribution relationships to gain shelf space in the organic food aisles.


Price: $1.570
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 TOP PICK Klondex Mines Ltd
KDX-T
James Hodgins

He likes the gold sector, and thinks it will do well in the downturn. This company is the 4th Canadian domiciled company to enter the Russell 2000, so their investor base is going to increase dramatically. It has the most stable growth in the gold sector, and is trading at about a 20% discount. (Analysts’ price target is $6.13.)


Price: $4.760
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 TOP PICK Leucrotta Exploration Inc.
LXE-X
James Hodgins

He is quite bearish on the broader markets, but the sentiment in the energy sector in Canada has been so negative that he thinks it is undervalued. They have no debt and has 900 prime low-cost Montney drilling locations with significant infrastructure and only about 10% of it is dry gas. CEO owns about 30% of the stock. (Analysts’ price target is $3.25.)


Price: $1.850
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 COMMENT Manulife Financial
MFC-T
David Cockfield

They’ve been doing much better. His big objection is that they have so much focus in the far East. He would rather have more European/North American focus. Prefers Canada Life. Dividend yield of 3.5%.


Price: $23.610
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2017-06-23 PAST TOP PICK Merus Labs International
MSL-T
James Hodgins

(A Top Pick March 29/16. Down 10%.) This is being taken over by an Italian private pharmaceutical company.


Price: $1.640
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: No
2017-06-23 COMMENT New Flyer Industries Inc.
NFI-T
James Hodgins

This has had a huge run. He is a little nervous about some of the Canadian companies that have big US businesses. The political environment is not that favourable, so he has a Short position on this.


Price: $55.760
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 TOP PICK Norbord Inc
OSB-T
David Cockfield

Oriented strand board is the equivalent to plywood, when they put the panels together. The softwood lumber dispute could actually be positive for this company. A lot of their plants are in the US. This is a way to get your toe into the housing market. They just tripled the dividend. Dividend yield of 3%. (Analysts’ price target is $46.50.)


Price: $39.980
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2017-06-23 COMMENT Patient Home Monitoring
PHM-X
James Hodgins

This was taking over all the little sleep-aid companies in the US, and then ran into some issues, both with management and Medicare. Then it collapsed, but seemed to have turned around. They have some debt, but it is not a big problem. Sold off a couple of non-core businesses. Management has changed. He likes the new management team. Cash flow is growing again, so the debt is not a problem. He owns some of the debt, but not the equity.


Price: $0.475
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 COMMENT Prometic Life Sciences Inc.
PLI-T
James Hodgins

This does blood plasma protein. It is something that has been very easy for them to get FDA approval for their treatments. However, revenues and cash flow just haven’t come as they promised in the past. Did a pretty dilutive equity raise recently, which didn’t go that well. He is Short this, and probably will stay Short until the stock from the equity deal gets cleaned up.


Price: $1.780
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 COMMENT Power Corp
POW-T
David Cockfield

The problem is that the market doesn’t recognize that this has good assets offshore, and they don’t like Power Financial (PWF-T) because of their emphasis on mutual fund sales. It is sort of in limbo. You only buy this on the basis of wanting a stock that has a safe dividend and a reasonable yield. Thinks this is just going to go sideways. You could probably do just as well by going to one of the banks or one of the insurance companies.


Price: $29.250
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2017-06-23 COMMENT TheScore Inc.
SCR-X
James Hodgins

As the growth slowed in the adoption of the app, the stock declined. However, the company still has plenty of cash and they are getting a big tax refund. Thinks they are going to be “break even” in the 3rd quarter this year. They’ve taken their user base of about 11 million people or so, and are starting to break into some really larger advertising accounts. Revenue growth has been quite nice, and he sees that continuing. They also have a good relation with Facebook (FB-Q) where they get a lot of traffic. Sees more upside than downside.


Price: $0.185
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 DON'T BUY Stella-Jones Inc.
SJ-T
James Hodgins

This doesn’t show up well on his screens. Earnings growth has really slowed, so he has a small Short on it. The railway ties are tied to oil/gas and infrastructure in Western Canada. He would stay away from this.


Price: $43.740
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 COMMENT Sun Life Financial Inc
SLF-T
David Cockfield

A very well-managed company. The market problems lately, particularly on the Canadian side, has held them back. They have a good product. This is a long-term hold. Good product spread. Dividend yield of 3.9%.


Price: $44.880
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2017-06-23 COMMENT StorageVault Canada
SVI-X
James Hodgins

Public storage. Fairly valued at this time. Management still has a lot of runway in terms of acquisitions.


Price: $2.710
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Unknown
2017-06-23 PAST TOP PICK Stillwater Mining Co.
SWC-N (Dead)
James Hodgins

(A Top Pick March 29/16. Up 4%.) *Short* This was taken over by another company.


Price: $18.000
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: No
2017-06-23 PAST TOP PICK Toronto Dominion
TD-T
David Cockfield

(A Top Pick May 27/16. Up 17%.) Banks make a great, solid part of your portfolio. Dividends are okay and they increase on a regular basis. He likes this bank, particularly because of their expansion into the US. A little disappointed that it has not paid off recently, but he understands they are reorganizing in the US.


Price: $65.270
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2017-06-23 COMMENT Teck Resources Ltd. (B)
TECK.B-T
David Cockfield

The stock shot up when demand for met coal was strong, but that has now passed and we are really waiting for base commodities such a zinc, copper, etc. There really hasn’t been a major change in the commodity cycle just yet. It will come, but it may not be for a couple of years.


Price: $21.970
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2017-06-23 HOLD TransCanada Corp
TRP-T
David Cockfield

The prospects for this company with Keystone has improved significantly. Trump’s positive approach to this is not going to go away. The States they are involved with seem to have a positive attitude towards it.


Price: $62.350
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2017-06-23 COMMENT iShares MSCI World Index Fund
XWD-T
David Cockfield

An ETF that is basically invested in a number of countries around the world. It is an international type index. Has been avoiding this area because of some of the problems different countries have had. Indications are that growth outside of North America is definitely improving. You may be back in a situation where you want to have part of your portfolio in international securities. He is not quite convinced yet. It has potential for growth.


Price: $46.480
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: No
2017-06-23 DON'T BUY Yamana Gold Inc.
YRI-T
James Hodgins

There are concerns over the balance sheet as it has quite a bit of debt. They spun off a few mines into a new vehicle called Brio Gold, and got some cash in the door from that. Operationally, it has been an under performer for such a long period of time, and the stock has really tracked that. There are better places to be in gold. He is Short this against some of his Long positions. (See Top Picks.)


Price: $3.530
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: BEARISH
Owned: Yes
2017-06-23 TOP PICK BMO Low Volatility Cdn Eqty ETF
ZLB-T
David Cockfield

When he sees markets getting into the patterns they have been lately, this is a package of stocks, low volatility, that seems to do well in rather uncertain kinds of environment. A good fall-back position if you are concerned about markets.


Price: $30.070
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2017-06-23 PAST TOP PICK BMO Low Volatility US Equity ETF
ZLU-T
David Cockfield

(A Top Pick May 27/16. Up 10%.) He still likes this. It is a good safe way to tap into the US market, particularly if you are concerned about the Canadian situation.


Price: $31.260
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2017-06-23 TOP PICK BMO Covered Call Utilities ETF
ZWU-T
David Cockfield

Had been avoiding the utility area, because he saw the temper tantrum the market went through with the thought that rates were going up in the US. He’s come to the conclusion that interest rates are going to stay low for a lot longer than anticipated. Utility yields are quite attractive, and it is almost impossible to get those kinds of yields out of the fixed income market.


Price: $14.110
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2017-06-22 N/A A Comment -- General Comments From an Expert
A Commentary
Bruce Campbell (2)

Markets. He sees a fairly strong economic backdrop.  There are checks in every box he is looking for.  There are technicals shorter-term that have deteriorated.  He is primarily Canadian.  Banks and oil have pulled back.  There are a lot of other sectors that have picked up and the TSX has done well.  He would like to see the technicals improve before going full into the market.  The HCG-T financing adds more stability to the Canadian financials.  Investors have taken some money off the table in energy and banks.  HMMJ-T (Cannabis) was launched during a very feverous pitch in the Marijuana sector and about the time legislation was tabled.  There has now not been a lot of news.  We will not expect any news through the summer and then get some news in the area of regulation.


Price: $0.020
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: _N/A
2017-06-22 N/A A Comment -- General Comments From an Expert
A Commentary
Paul Harris, CFA

Market. We are getting global economic growth, but not at a significant clip. A year ago, the whole world was not growing. Europe was down, Canada was having trouble and the US was growing at 2%. Looking at some of the numbers now, you are seeing good global growth. It’s not going to be 3% or 4%, it’s going to be something like 2%. The world growing at 2% is much better than a part of the world going at 2% and the rest of the world growing at negative numbers. You are seeing low rates, low inflation and good global growth, which adds up to a stock market that continues to do well.


Price: $0.020
Subject: NORTH AMERICAN/GLOBAL
Bias: OPTIMISTIC
Owned: _N/A
2017-06-22 COMMENT A Comment -- General Comments From an Expert
A Commentary
Paul Harris, CFA

Individual stocks or an ETF in the European market? If you are going to be putting money into Europe, the best way to deal with that is probably through an ETF. Europe is going to do well. It is a much more cyclical economy, so you tend to have a lot less tech there, and more utilities. Dividend yields are quite high there, so he would look for more of a dividend paying ETF.


Price: $0.020
Subject: NORTH AMERICAN/GLOBAL
Bias: OPTIMISTIC
Owned: Unknown
2017-06-22 DON'T BUY Aurora Cannabis
ACB-X
Bruce Campbell (2)

(Market Call Minute) Certainly not his top pick here.  They are building a massive operation in Alberta, however. 


Price: $2.190
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: Unknown
2017-06-22 WATCH AutoCanada Inc.
ACQ-T
Bruce Campbell (2)

The issue that continues is that so many of their dealerships are in Western Canada and tied to the oil business.  As long as that is the case it will trade up and down with oil.  There are a lot of dealers that are looking to retire and in some cases they don’t have anyone to sell their business to.  There is a lot of room there and we have not seen any US companies come into Canada.


Price: $18.000
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: Unknown
2017-06-22 TOP PICK AutoCanada Inc.
ACQ-T
Paul Harris, CFA

This collapsed when they were buying auto dealerships, integrating them, and supplying technology to their back-office, etc., but they never integrated them, made 14 acquisitions in one year and were primarily in BC and Alberta. New management came in and did a lot of things the old management didn’t do, including reducing the number of acquisitions per year. They are now one of the largest players. Trading at about 11X earnings. They throw off about $40-$50 million of free cash, which they will use to buy a couple of other dealerships. Dividend yield of 2.2%. (Analysts’ price target is $22.)


Price: $18.000
Subject: NORTH AMERICAN/GLOBAL
Bias: OPTIMISTIC
Owned: Yes
2017-06-22 WAIT Alaris Royalty
AD-T
Bruce Campbell (2)

It broke down on a technical basis and he sold it.  They had a couple of royalty companies that went sideways.  Investors are in it for the yield.  They are constantly looking for new acquisitions, but they have been dealing with all these ones that went sideways.  Wait until they have things cleared up before buying.


Price: $20.130
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: No
2017-06-22 BUY Automotive Finco Corp.
AFCC-X
Bruce Campbell (2)

They are providing almost a royalty payment to those wanting to financial auto dealership loans.  They go out and borrow money and make royalty investment in those investing in a dealership.  He is watching for them to make a third party investment outside of their dealer group.  They pay a great dividend and have fantastic cash flow.


Price: $2.500
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: Unknown
2017-06-22 BUY on WEAKNESS Alibaba Group Holding
BABA-N
Paul Harris, CFA

An online, mobile, e-commerce site. They don’t actually own inventory or sell anything. They provide a 3rd party online service to people who want to sell. They have some really good businesses including Alipay which is growing rapidly, and a Cloud business. 80% of revenue comes from China with about 400 million buyers and about 5 million sellers. A very big company in China. The stock has done well because of the expectation that they are going to be moving internationally. There are a lot of positive things. The one problem is that it is competing outside of China, and it is much harder for them to compete against the Amazons of the world. Look at this on a big pull back.


Price: $142.270
Subject: NORTH AMERICAN/GLOBAL
Bias: OPTIMISTIC
Owned: Unknown
2017-06-22 COMMENT BlackBerry
BB-T
Paul Harris, CFA

This has been in a period of restructuring and have really decided what they want to be now, and are executing on that. If you are patient, this will do well for you.


Price: $14.660
Subject: NORTH AMERICAN/GLOBAL
Bias: OPTIMISTIC
Owned: No
2017-06-22 BUY Bewhere Holdings Inc
BEW-X
Bruce Campbell (2)

They have an interesting technology.  It is Bluetooth.  It is low power.  They signed a deal with Bell to resell their devices which link to a cell tower and keep track of almost anything.  They are about to announce a contract with a company that is rumored to be Brinks, to track everything they handle.  He thinks it will be cash flow positive this year.


Price: $0.330
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: Yes
2017-06-22 WATCH Breaking Data Corp
BKD-X
Bruce Campbell (2)

(Market Call Minute) It looks very interesting with the deal they have just done.  He would like to see how this deal comes through.  If it is the way they thought, it would certainly be a buy.


Price: $2.050
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: Unknown
2017-06-22 PAST TOP PICK Bayerische Motoren Werke AG
BMW-GR
Paul Harris, CFA

(A Top Pick June 16/16. Up 28%.) He still likes this. A great brand name and you are not paying a high multiple for it. Pays a great dividend. The Quandt family owns about 40% of the company, so you have a very strong shareholder. China is doing very well for them. There is pent-up demand in Europe.


Price: $0.000
Subject: NORTH AMERICAN/GLOBAL
Bias: OPTIMISTIC
Owned: Yes
2017-06-22 TOP PICK Grande West Transportation Group
BUS-X
Bruce Campbell (2)

They had all these bus orders for Canadian customers.  They were getting trials and then huge orders.  Now they are doing the same thing in the US.  They provide smaller transit busses.  (Analysts’ target: $3.83).


Price: $2.660
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: Yes
2017-06-22 TOP PICK Blackstone Group LP
BX-N
Paul Harris, CFA

This is a private equity firm, one of the biggest in the world. They’ve just did a deal for an infrastructure fund for Saudi Arabia. Trading at about 10X on earnings. They are good asset accumulators. Dividend yield of 7.2%. (Analysts’ price target is $36.)


Price: $33.060
Subject: NORTH AMERICAN/GLOBAL
Bias: OPTIMISTIC
Owned: Yes
2017-06-22 BUY Centric Health
CHH-T
Bruce Campbell (2)

It is a big turnaround story over the last three years.  They managed to sell off a division for more than expected.  They are dispensing drugs through nursing homes.  They have automation to make sure all these multiple pill packs have all the right medications in them.  They get long term contracts to service these facilities.  The thought is that CHH-T will end up getting all the McKesson contracts after the acquisition of Rexall, CHH-T’s supplier.


Price: $0.700
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: Unknown
2017-06-22 PAST TOP PICK CRH Medical Corp.
CRH-T
Bruce Campbell (2)

(Top Pick Jun 30/16, Up 52%) It was almost $12 at one point and was really stretched, then a short report came out, all before he bought it.  He likes the business and feels they will continue to do well.  They have great cash flow for acquisitions. 


Price: $7.820
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: Yes
2017-06-22 TOP PICK CVS Health Corp
CVS-N
Paul Harris, CFA

Somewhat of a unique company. It is not just a pharmacy. It is a long-term care facility and a consulting firm. The stock has fallen a fair bit. It has a great cash flow yield of about 7%. On the pharmacy side, they had a few issues where same-store sales had gone down a fair bit. The long-term care thing is starting to grow and he can see very good growth there. Dividend yield of 2.5%. (Analysts’ price target is $88.)


Price: $77.220
Subject: NORTH AMERICAN/GLOBAL
Bias: OPTIMISTIC
Owned: Yes
2017-06-22 WATCH Convelo Health
CVX-X
Bruce Campbell (2)

It has been a top pick.  He has a small position right now.  Rehab facilities in California.  They changed the way they compensate employees.  It should drive profitability up.  Hopefully it will make a turn as the numbers start to come out.  He is cautiously optimistic on this one at the present time.


Price: $0.190
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: Yes
2017-06-22 BUY on WEAKNESS Dollarama Inc.
DOL-T
Bruce Campbell (2)

(Market Call Minute) A real solid company and he would continue to hold it or wait for a pull back if you want to own it.


Price: $123.360
Subject: CANADIAN & CANNABIS STOCKS
Bias: BULLISH
Owned: No
2017-06-22 COMMENT Facebook
FB-Q
Paul Harris, CFA

This has a great massive advantage over everybody else in their field. Also, there is more advertising done online now than there is on television with most of it going to this company or Alphabet (GOOGL-Q). The risk is that it is no longer seen as a technology company, but more of a broadcasting company. The multiple you pay for a broadcaster is substantially lower than what you pay for a tech company.


Price: $153.400
Subject: NORTH AMERICAN/GLOBAL
Bias: OPTIMISTIC
Owned: No
2017-06-22 HOLD Gilead Sciences Inc.
GILD-Q
Paul Harris, CFA

A very important story. They had a Hep C drug that was so good it was curing everybody, so it is running out. Everybody underestimated how fast it was happening. This is trading at about 8X earnings. Has a great dividend yield and lots of cash and an incredible balance sheet. They have an HIV drug which is very strong and does well. Feels they have to do something with their cash and move in a different direction by making an acquisition. At this point, the stock is really giving the company zero value for their Hep C business. There is some good value in their pipeline. You aren’t paying a lot for the company right now with their free cash flow yield of almost 9%.


Price: $70.480
Subject: NORTH AMERICAN/GLOBAL
Bias: OPTIMISTIC
Owned: Yes
Showing 1 to 120 of 165,717 entries
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