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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
2017-04-28 N/A A Comment -- General Comments From an Expert
A Commentary
EDITOR

Tonight's program is on taxes not stocks.


Price: $0.020
Subject: N/A
Bias: UNKNOWN
Owned: No
2017-04-28 BUY AGT Food & Ingredients
AGT-T
Michael Sprung

Lentils and pulses. This has traced back from $40 down to around $30. A lot has happened with crops being locked in by weather and various other factors, but the long-term future for pulses, proteins and food ingredients is very good. Feels the company is getting more and more coverage. This is now at levels that are attractive, and he would be adding to any new accounts that came in.


Price: $31.670
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2017-04-28 COMMENT BlackBerry
BB-T
Michael Sprung

This lived through a period when things really looked questionable. They’ve managed to change the profile from a hardware phone maker company, to a software company. They now have very, very good relations with the auto industry. At current prices, it is discounting a pretty positive future, so he would be a little cautious.


Price: $12.705
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2017-04-28 PAST TOP PICK Bank of Nova Scotia
BNS-T
Michael Sprung

(A Top Pick June 2/16. Up 21%.) This bank has had tremendous focus on cost control, as well as technology development, over the last few years. The new CEO has made them more competitive in a modern environment. The most internationally diversified of all the Canadian banks. It has great exposure to South America, so if there is an uptick in materials, etc., that will do very well for them. Still a Buy. (See Top Picks.)


Price: $76.080
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2017-04-28 TOP PICK Canadian Imperial Bank of Commerce
CM-T
Michael Sprung

Relatively exposed to home loans in Canada, which is why he picked it. Americans don’t actually understand Canada’s mortgage market. Because of this, a lot of US Shorts are going after not only the alternate mortgage lenders, but primary banks and other lenders. This is also probably one of the most profitable banks in Canada. Dividend yield of 4.6%. (Analysts’ price target is $124.)


Price: $110.580
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2017-04-28 COMMENT Cenovus Energy
CVE-T
Michael Sprung

Just put forward a massive acquisition of $17 billion into the oil sands, a significant size relative to their market cap. Maybe this is not a bad time for these companies to be buying out these assets. Thinks that it is a stretch for them. He owns this because it has such a great sheet. After this acquisition, the balance sheet is not going to be that great. Also, it is going to be exposed to oil sands which are very, very long-term assets. Costs of getting oil out, are coming down, so this could be a buy of the century for them, but could also go the other way.


Price: $13.680
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2017-04-28 DON'T BUY Empire Company (A)
EMP.A-T
Michael Sprung

They made a huge purchase of Safeway at just the wrong time, just before the Western economy fell apart. This isn’t the 1st time they have stumbled, in one way or another. They will eventually pull out of this, but they are behind the 8 ball right now. He prefers Loblaws (L-T), which is the dominant player in Canada. It also has the biggest reach into the discount outlets.


Price: $21.015
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2017-04-28 COMMENT Equitable Group
EQB-T
Michael Sprung

Assuming that the contagion is not so devastating, and assuming that they can still raise capital at a reasonable cost, he thinks this company will pull through. A year from now, many of these companies will regain their losses.


Price: $37.580
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2017-04-28 COMMENT Fairfax Financial
FFH-T
Michael Sprung

When you invest in this, you have to be prepared for volatility in earnings. Their insurance operations are well-run and well-managed, and their combined ratio is around 95% which is pretty good. They make a great deal of their earnings through their investment portfolio, which is large and well-managed, but has tremendous volatility. Lately, they’ve taken off a lot of hedges that they had, looking for more of a bear market going forward. Have also suffered with some of their equity shorts because markets have generally been going up. It always trades around BV, and right now it is about 1.25% of BV, so it is probably not a bad place to be looking at it. You have to be a long-term player to own these shares.


Price: $620.000
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2017-04-28 PAST TOP PICK Fortis Inc.
FTS-T
Michael Sprung

(A Top Pick June 2/16. Up 11%.) Recently did a huge acquisition in the US. He admires their diversification across many regulatory factions. They are now well positioned in the US.


Price: $44.310
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2017-04-28 TOP PICK Goldcorp Inc
G-T
Michael Sprung

This has been in the penalty box because of troubles in Red Lake, but people didn’t understand that it was just a temporary issue with some activities that fell out of sync. Thinks they will be back on stream for the remainder of the year. Gold companies these days are really driven by efficiencies. This company has excellent assets in Mexico and Argentina. They also have some joint ventures with some major companies. Dividend yield of 0.57%. (Analysts’ price target is $23.56.)


Price: $19.015
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2017-04-28 COMMENT CGI Group (A)
GIB.A-T
Michael Sprung

This has grown both organically and by acquisition. They have really taken advantage of the trend to outsource computer systems, programming, etc. This has always traded at multiples that have not been appealing to him as a value investor. If you own, it never hurts to take a profit.


Price: $65.930
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2017-04-28 COMMENT Great West Lifeco
GWO-T
Michael Sprung

This has always been one of the most profitable of the large life insurers. If you think we are going into a rising interest rate environment, the insurers are the ones who can benefit greatly. He would prefer owning Power Financial (PWF-T) over this because of its diversification, but also increases in dividends.


Price: $36.700
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2017-04-28 COMMENT Hudbay Minerals Inc.
HBM-T
Michael Sprung

Thinks there will be another leg up in the sector, and this company will be a beneficiary of that. It has probably not performed as well as some of its peers, but at current prices it is still a fairly good buy. Constancia is doing very well for them. They have some projects in line for development over the next few years. A lot of their big spends are behind them. This would be one of his top choices in the sector.


Price: $8.220
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2017-04-28 COMMENT Home Capital Group
HCG-T
Michael Sprung

This has almost become a speculation rather than an investment. He thinks it is a crime what has happened to them. Operationally they were doing just fine. It was well-managed. He wonders if things couldn’t have been handled differently in terms of how they dealt with the failure to disclose in a timely basis, the fact that they had fired a bunch of the mortgage brokers. Whoever buys this company is going to get a bargain, if they can lower that cost of capital again, and get out from under the thumb of a $2 billion 10% line of credit. Feels the argument is going to be that if someone does attempt to buy them, how cheap will they be able to buy them.


Price: $8.140
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2017-04-28 COMMENT Kinross Gold
K-T
Michael Sprung

In today’s environment, with low interest rates and low inflation, it is a good environment for a lot of gold companies. They have begun to clean up their act in being more cautious in terms of development of new projects. Overall, a lot of the gold companies are in much better shape than they were 5 years ago. This one has been doing a little better lately. He prefers others. (See Top Picks.)


Price: $4.745
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2017-04-28 HOLD Painted Pony Petroleum
PPY-T
Michael Sprung

Recently hit his radar screens. Seems to be a well-managed company. They hit the pocket when a lot of the energy companies were having some difficulties. Have very good land positions. He is looking at this as a possible purchase.


Price: $5.010
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2017-04-28 COMMENT Power Financial Corp
PWF-T
Michael Sprung

This should map pretty closely with Great West Life (GWO-T), as what most people are looking at in this company is the Great West component. He would still prefer owning this as opposed to just a pure play in Great West Life, not only because of diversification, but increases in dividends. Dividend yield of 4.5%.


Price: $34.780
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2017-04-28 COMMENT Royal Bank
RY-T
Michael Sprung

Toronto Dominion (TD-T) or Royal (RY-T)? The benchmark in Canada. The most diversified and dominant in almost every area they participate in. From a price point of view, he thinks this one is a little more preferable. There is not much to differentiate between the 2 yields. This would be his preferred holding. (See Top Picks.)


Price: $93.580
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2017-04-28 TOP PICK Suncor Energy Inc
SU-T
Michael Sprung

There have been a string of mergers and acquisitions in the oil patch, and this company is going to reap the benefit of that. Has a great balance sheet, which they will be using for share buyback and possible dividend increases. They have great growth prospects going forward. Dividend yield of 3.1%. (Analysts’ price target is $49.)


Price: $42.860
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2017-04-28 COMMENT Toronto Dominion
TD-T
Michael Sprung

Toronto Dominion (TD-T) or Royal (RY-T)? This has made a huge push into the US, and have used a lot of capital to do that. Those kinds of moves take a long time before you earn a sufficient Return on Capital employed. A great bank and very well-run, but of all the banks, Royal is the benchmark in Canada, the most diversified and dominant in almost every area they participate in. There is not much to differentiate between the 2 yields. (See Top Picks.)


Price: $64.260
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2017-04-28 PAST TOP PICK Vermilion Energy Inc
VET-T
Michael Sprung

(A Top Pick June 2/16. Up 16%.) One of the more international players. Their first wells in France have just come on. Australia is doing quite well. Faced a few small delays in the Netherlands. This is a company that you can own, not only because of great management and diversification, but it also pays fairly well to own it. Fully valued right now, but if it took a hit, he would be adding for new clients.


Price: $48.100
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2017-04-28 COMMENT Yamana Gold Inc.
YRI-T
Michael Sprung

In today’s environment, with low interest rates and low inflation, it is a good environment for a lot of gold companies. They have begun to clean up their act in being more cautious in terms of development of new projects. Overall, a lot of the gold companies are in much better shape than they were 5 years ago. He prefers others. (See Top Picks.)


Price: $3.675
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2017-04-27 COMMENT A Comment -- General Comments From an Expert
A Commentary
Mohsin Bashir

Markets.  There is no shortage of things to look at in this market this week, especially in the US and that is where he is paying the most attention.  All markets are saying the same thing.  It is not cheap.  It is tough for that to have any relevance because we are undertaking one of the most elaborate global monitory policy experiments in history.  Eventually we will hit recession.  It is important to be watching the economic data points.  The number one geopolitical threat is NAFTA.  We have to bear in mind that if there is any military activity in Asian we have to be mindful as to what the impact will be on commodities.  The home Capital situation raises questions.  Who takes on the risk for the home mortgage market?  The banks will be very careful of taking more risk on their books.  Default rates so far are very low.  Banks were down in 2016 due to oil and gas loan books and we saw how that played out.  He has difficulty in taking a risk in HCG-T.  Some investors are shorting Canadian banks because of HCG-T risks, but he sees this as a buying opportunity. However, be careful that they are at the top of their range.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 COMMENT A Comment -- General Comments From an Expert
A Commentary
Mohsin Bashir

Boarder adjustment taxes.  It is early days.  There is a high probability of there being all kinds of negotiating tactics:  Softwood lumber tariff – automotive – diary.  You can’t reduce everything.  If you were risk adverse, you would go toward businesses that were well insulated: businesses that are operating in the US.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 N/A A Comment -- General Comments From an Expert
A Commentary
Mike S. Newton, CIM FCSI

Market. The market is now a Hobson’s choice. You either have to take it or leave it. In after hours today, Google and Amazon, which have already had a great move, had another 3%-5% upside in after-hours. You can either stick with the so-called crowded trades, which he is continuing to do, or go fishing in some of the more bargain areas of the market. With new money, he would be very, very careful. It is a very bifurcated market, and you have to be very careful.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-04-27 COMMENT A Comment -- General Comments From an Expert
A Commentary
Mike S. Newton, CIM FCSI

Canadian Banks? He is not too concerned about the banks. However, believes that we are going to have a bit of negativity in this space. Still a firm believer in the big banks.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-04-27 BUY on WEAKNESS Apple
AAPL-Q
Mohsin Bashir

A myriad of multinational companies with off shore cash would be huge beneficiaries of the opportunity to repatriate cash.  He does not view Apple as a tech company, but as a consumer discretionary company.  This is one of highest weights on the NASDAQ.  There is probably room for continued dividend growth.  It would be a beneficiary of more relaxed regulatory action in the US.


Price: $143.790
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 COMMENT Apple
AAPL-Q
Mike S. Newton, CIM FCSI

Loves this company. Has always been a big believer in the services side and was never too concerned about the fancy phone releases. The services side is going to be the real driver. Longer-term, we are probably looking at a $50 billion a year revenue line, just from the services side.


Price: $143.790
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-04-27 PAST TOP PICK AutoCanada Inc.
ACQ-T
Mike S. Newton, CIM FCSI

(A Top Pick April 27/16. Up 11.88%.) His original reason for buying this was for a recovery in Alberta in oil and a bounce off Fort McMurray. He got stopped out of this.


Price: $23.430
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: No
2017-04-27 PAST TOP PICK Adobe Systems
ADBE-Q
Mike S. Newton, CIM FCSI

(A Top Pick April 27/16. Up 39.46%.) Every quarter has been better than the previous quarter for 8 straight quarters. Earnings rose 370% when they reported last month. 26% growth in their Cloud business. It is very, very heavily used in corporate America.


Price: $133.380
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-04-27 TOP PICK Altagas Ltd
ALA-T
Mohsin Bashir

It is painted with the same brush as the rest of the group.  Their recent acquisition in WGL Holdings ups their exposure to power and electricity and the greater consistency of cash flow.  They have north of 6% sustainable dividend yield.  (Analysts’ target: $36.00).


Price: $30.530
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-04-27 BUY Bank of America
BAC-N
Mike S. Newton, CIM FCSI

There are 2 big events coming up. The May 3rd Fed meeting. Not a lot of people think that they will raise rates, but there is a chance they will. That would be very good for the bank sector, especially for this bank. There is also the French election. If Trump delivers some meaningful tax cuts and some regulation repeals, it could be very good for the banks.


Price: $23.650
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-04-27 COMMENT BCE Inc.
BCE-T
Mike S. Newton, CIM FCSI

Just reported earnings which were extremely well received. This is just within a whisker of its all-time highs. He has to give them a lot of credit on their customer service.


Price: $62.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-04-27 BUY on WEAKNESS Bank of Nova Scotia
BNS-T
Mohsin Bashir

Banks are not cheap.  This is one of the cheaper ones because its return on equity is stronger than other banks because it is the most international banks of the family.  It is driving higher returns on equity than other banks.  This is not a bad one to be picking away at.


Price: $75.310
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 COMMENT Canam Group Inc.
CAM-T
Mike S. Newton, CIM FCSI

This is going private and went up 96% today.


Price: $12.190
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-04-27 TOP PICK Canadian Imperial Bank of Commerce
CM-T
Mohsin Bashir

They have a higher amount of residential exposure than peers.  Famous last words.  One should recognize their ability to play catch up to peers and not being recognized in terms of valuation.  They had 8 consecutive dividend increases since 2008.  There is plenty of room for them to move forward.  They have a great opportunity in terms of cost cutting.  They have great inroads to providing financial services to newcomers to Canada.  (Analysts' target: $124.00).


Price: $109.710
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-04-27 PAST TOP PICK Comcast Corp
CMCSA-Q
Mike S. Newton, CIM FCSI

(A Top Pick April 27/16. Up 31.31%.) Going back 5-6 years, this is a dream stock to own. They bought NBC and Universal in 2011, and are now believes they are right at the top of the box office. They beat earnings substantially this morning.


Price: $39.590
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-04-27 PARTIAL SELL Canadian Pacific Rail
CP-T
Mohsin Bashir

It is a strategic asset.  There is a duopoly in the rail space in Canada and this is the leader.  They have a pretty well entrenched management team.  They can drive some significant improvement in their operating ratios.  The valuation is on the rich side so he would take profits.


Price: $209.320
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-04-27 DON'T BUY CVS Health Corp
CVS-N
Mohsin Bashir

He used to believe it was worth hanging onto, but he has moved on.  It is stuck in limbo.  The question is what the margins will look like.


Price: $82.790
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2017-04-27 COMMENT Walt Disney
DIS-N
Mike S. Newton, CIM FCSI

A name that he held on for too long, and got stopped out in late August. They were going through the issue with the ESPN, and whether or not they could really integrate some of the big acquisitions they had just made. However, they have done extremely well since election time. World-class properties. Feels ESPN was overdone. He will eventually get back into this.


Price: $115.840
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: No
2017-04-27 BUY on WEAKNESS Exchange Income
EIF-T
Mohsin Bashir

Believes it has a pretty handsome yield.  He used to own it years ago.  It is a proper business.  He thinks it has a good long term yield and should be picked away at on weakness.


Price: $35.000
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2017-04-27 BUY Enbridge
ENB-T
Mohsin Bashir

TRP-T vs. PPL-T.   PPL-T has been expensive historically because management is worthy of it and so he would go for this one.  He owns EMB-T because of the advantage that whoever you have to pay bills to you should own them.  They have growing dividends at 8-10%.  He likes the premium management of PPL-T and it is worthy of an increased multiple. 


Price: $56.450
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-04-27 COMMENT Gilead Sciences Inc.
GILD-Q
Mike S. Newton, CIM FCSI

A big winner for him for about 5-6 years, but when Hillary Clinton did her famous tweet, he sold his holdings. Their hepatitis C drug basically eradicated the disease. They have an HIV drug regimen that is turning out great results, but is expensive. It could be a great long term franchise for them. This looks really interesting, and would get back into the name on a break out. Trading at only 8X forward earnings.


Price: $68.580
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: No
2017-04-27 BUY on WEAKNESS Alphabet Inc. (A)
GOOGL-Q
Mohsin Bashir

You must weight political positions with investment data.  Policy is forming in the US, but there are truths about economical data that we cannot ignore.  The prospects for US investment are hard to ignore.  He cannot own this one in his portfolio because it does not pay a dividend.  Cloud computing is a story that is playing out and Google is a leading company in this business.  It is a pretty good choice to hold.  Buy it on weakness.


Price: $891.440
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2017-04-27 SELL Hudson Bay Co.
HBC-T
Mohsin Bashir

He has difficulty in what is happening in the retail market.  He does not see a heck of lot of volume in the stores.  There is a secular movement toward on-line shopping and he does not see how they can compete.  Plowing through inventory is a margin squeeze.


Price: $12.180
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 COMMENT HBP S&P/TSX 60 Index ETF
HXT-T
Mike S. Newton, CIM FCSI

This is a derivative play, which has scared some people. It holds the dividend and builds it into the capital costs. If you are not looking for income, this is not bad. Another one you could consider is the iShares TSX 60 (XIU-T).


Price: $31.260
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-04-27 PAST TOP PICK Kroger Co.
KR-N
Mohsin Bashir

(Top Pick Jun 21’16, Up 11.95%)  This is his sore one.  He is hanging in, though.  It is because of fears of food deflation.  He sees this as a temporary blip.  They have a pretty good brand of organics.  They have this segment of food and it is not perceived as just for the elite.  They have a great deal of market share.


Price: $30.150
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-04-27 COMMENT Linamar Corp
LNR-T
Mike S. Newton, CIM FCSI

Linamar (LNR-T) or Magna (MG-T)? Both are great names. The Magna name is more of a pure play in what he is trying to look for in the auto parts area.


Price: $57.810
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-04-27 TOP PICK MacDonald Dettwiler & Assoc.
MDA-T
Mohsin Bashir

Premium imagery and heat signature on land and on sea.  They are the premium provider of imagery.  (Analysts’ target: $83.00).


Price: $67.890
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-04-27 COMMENT Manulife Financial
MFC-T
Mike S. Newton, CIM FCSI

This seems to be the favoured insurance company right now. The business needs interest rates to pick up. They also need their Asian and US businesses to pick up. You may see flows Canadian banks into this insurance company.


Price: $23.830
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: No
2017-04-27 COMMENT Magna Int'l. (A)
MG-T
Mike S. Newton, CIM FCSI

Linamar (LNR-T) or Magna (MG-T)? Both are great names. This one is more of a pure play in what he is trying to look for in the auto parts area. It is having a difficult time getting off the ground with a lot of doubts about Europe and what is going on with currencies. He would like to get back into this. If you believe the global economy is picking up, and you want to have a great global name that you can buy with the Cdn$, this is certainly one of the top class name he would be looking at.


Price: $56.390
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: No
2017-04-27 HOLD Microsoft
MSFT-Q
Mike S. Newton, CIM FCSI

Feels their earnings were a little soft. The whole buzzword is the Cloud. This company clearly has their game back, and he would be very happy to continue owning if you have it.


Price: $68.270
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: No
2017-04-27 DON'T BUY New Flyer Industries Inc.
NFI-T
Mohsin Bashir

He missed the bus. They are the consolidator in North American for all coaches and busses.  There should be an infrastructure trickle down into this business.  He is reluctant to pay this much for it, however.


Price: $49.900
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2017-04-27 SELL ON STRENGTH Jean Coutu Group (PJC) (A)
PJC.A-T
Mohsin Bashir

He does not hold because of valuation and that the sector is one that he does not need to be in.  If you are sitting on gains, there is nothing wrong with taking them.  It may go up because of share buybacks, however.


Price: $23.320
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2017-04-27 BUY Pembina Pipeline Corp
PPL-T
Mohsin Bashir

TRP-T vs. PPL-T.   PPL-T has been expensive historically because management is worthy of it and so he would go for this one.  He owns EMB-T because of the advantage that whoever you have to pay bills to you should own them.  They have growing dividends at 8-10%.  He likes the premium management of PPL-T and it is worthy of an increased multiple. 


Price: $43.330
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 TOP PICK Starbucks
SBUX-Q
Mike S. Newton, CIM FCSI

He was disappointed after the market today, but that is an opportunity for anyone who wants to pick this up tomorrow. They had a big issue with congestion in mobile ordering, but that is a good problem to have. Have all kinds of developments in cold and fresh food. Dividend yield of 1.6%. (Analysts’ price target is $65.)


Price: $61.300
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-04-27 BUY on WEAKNESS Suncor Energy Inc
SU-T
Mohsin Bashir

Arguably one of his favourite names in the energy sector.  This would be the premium name to go with because of their ability to deliver results and increase cash flows.  They have added amounts of cash flow to be coming soon.  This is why they announced a $Million share buyback to come soon.


Price: $41.750
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 PAST TOP PICK Transcontinental Inc. (A)
TCL.A-T
Mohsin Bashir

(Top Pick Jun 21’16, Up 39.78%) Everyone threw in the towel in that they couldn’t recover from being just a printer.  They reduced costs and footprint.  They are selling off activities in Eastern Canada and this is to go to better margin business.  3.3% yield.


Price: $24.070
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-04-27 PAST TOP PICK Tricon Capital Group
TCN-T
Mohsin Bashir

(Top Pick Jun 21’16, Up 26.65%) It used to be at a 30% discount to NAV.  They captured the US sunbelt rental market. 


Price: $10.820
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 HOLD Toronto Dominion
TD-T
Mike S. Newton, CIM FCSI

It has been difficult for this bank when the CBC report came out. Also, it didn’t help that the Wells Fargo had a situation as well. It is really difficult to quantify sentiment, and it has clearly been negative on this bank. This is a great franchise.


Price: $64.170
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: No
2017-04-27 HOLD Teck Resources Ltd. (B)
TECK.B-T
Mohsin Bashir

He delved into it as part of a tactical strategy.  He thinks the resource stocks will overheat.  It is reasonable to have a position here.  Their portfolio is reasonably strong.  It will be volatile in the short term.


Price: $28.140
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 COMMENT Trans Canada Corp
TRP-T
Mohsin Bashir

TRP-T vs. PPL-T.   PPL-T has been expensive historically because management is worthy of it and so he would go for this one.  He owns EMB-T because of the advantage that whoever you have to pay bills to you should own them.  They have growing dividends at 8-10%.  He likes the premium management of PPL-T and it is worthy of an increased multiple. 


Price: $63.300
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 COMMENT Tesla Motors Inc
TSLA-Q
Mike S. Newton, CIM FCSI

Would you buy this now? Yes, but in the right size weighting, which might be 2.5%, or maybe as high as 3.5%. He had said that if it were to break above $280, he would get a little more interested. They are going to need to ramp up their supercharger network. They have 5000 now and have announced that they are going to get up to 10,000, and going to try to have 15,000 charging stations at destination locations. There is a lot of concern in the analysts’ community on the solar city amalgamation and the debt load.


Price: $308.630
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-04-27 TOP PICK Under Armour Inc.
UAA-N
Mike S. Newton, CIM FCSI

Retail has been an absolute disaster. However, this one had a great morning and was up 10% today. It dropped about 30% last year and had dropped 30% at the end of the year. They have an excellent CEO. This hasn’t really gone international yet which is a huge growth driver. Also, they haven’t got into general fashion, and just announced a deal with Kohl’s to sell in 1100 different department stores in the US. (Analysts’ price target is $20.)


Price: $21.670
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-04-27 BUY on WEAKNESS Visa Inc.
V-N
Mohsin Bashir

He has no reservations as to having it in a core holding, but he missed it.  You want a toll collector for financial transactions.  They have a pretty substantial network.  It is a financial technology company with an exceptional portfolio. 


Price: $91.600
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2017-04-27 COMMENT Visa Inc.
V-N
Mike S. Newton, CIM FCSI

This is a long-term keeper. $4.5 billion in profit last quarter. Has owned this for 10 years, and hopes to own it for another 10. Global payments is where everybody wants to be. Had a few bumps along the way with Visa Europe, but are getting that reorganized.


Price: $91.600
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-04-27 TOP PICK Vanguard FTSE Emerg. Mkts. All Cap ETF
VEE-T
Mike S. Newton, CIM FCSI

This continues to surprise him on its upside. If you really believe in global economic growth over the next 2-3 years, and looking for something that has a little bit better valuation than this really hot US market, this is potentially where you could get a little higher yield and it is a pretty good macro economic backdrop in this space. Very low cost.


Price: $32.930
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-04-27 COMMENT World Wrestling Entertainment
WWE-N
Mohsin Bashir

It is entertainment although they are amazing athletes.  They wreck their bodies.  As a business it is interesting and moving to a subscription model is good.  The fan base is not as wide as 30 years ago.  You have to lock your core fans in.


Price: $21.530
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-04-27 COMMENT iShares S&P/TSX Global Gold
XGD-T
Mike S. Newton, CIM FCSI

Gold is always very much a top pick in Canada, much more so than anywhere else, such as the US. It is also one of those things that people are going to run to when things get unstable and a bit difficult. This ETF has a very large weighting in Barrick (ABX-T), Newmont (NEM-N) and Goldcorp (G-T). His preference would be to own Franco Nevada (FNV-T), a streaming company, that pays a decent dividend, and is not in the business of exploring, drilling and production.


Price: $12.640
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: No
2017-04-26 N/A A Comment -- General Comments From an Expert
A Commentary
Robert McWhirter

Market. The Russell 2000 (US small equities) has broken out above its March 1 highs, which bodes well for the market. This is important, because when smaller companies are moving up, it typically implies more optimism in the broad market. It would suggest that this could be for the next 12 months. The Fed is still convinced they are going to raise interest rates twice between now and the end of the year. US 10-year bond yields are around 2.33%, and if they move as high as 2.4%, from a techno analysis perspective, it gives a new intermediate weekly buy.


Price: $0.020
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: _N/A
2017-04-26 N/A A Comment -- General Comments From an Expert
A Commentary
Bruce Campbell (2)

Market. He is a little cautious right now, a little concerned about how frothy things are. Now is the time to go through your portfolio and cull anything that you are not happy with and really make sure your portfolio is high graded.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2017-04-26 COMMENT Aurora Cannabis
ACB-X
Bruce Campbell (2)

The 2nd largest of all the cannabis producers. They have a plan to build an 800,000 ft.² facility in Edmonton, and it is fully funded. He understands they have some of the highest quality cannabis growing. They are also working on international expansion, which is an area that is really going to differentiate some of these companies.


Price: $2.610
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-04-26 COMMENT Alaris Royalty
AD-T
Robert McWhirter

Ranks in the top 5% of his database. Free cash flow yield is about 2.8%. The overall payment of 4th quarter trailing cash flow is around 72%. Historically, if it is more than 100% of cash flow, it is not sustainable. The outlook for earnings is slightly down for 2017, and a glacial rebound for 2018 at 7%. The dividend looks to be sustainable. Dividend yield of 7.3%.


Price: $21.880
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: Unknown
2017-04-26 COMMENT AGT Food & Ingredients
AGT-T
Robert McWhirter

Their key revolves around lentil and pulse crops for protein with non-animal source products. It ranks 279 in his database. Latest results have been modest. Sales increase is 9% and a 14% earnings increase. Earnings growth is forecast at 15%, against a PE of 12.9%. They are not free cash flow positive, which is why the stock has gone sideways.


Price: $29.890
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: No
2017-04-26 COMMENT Aphria Inc
APH-T
Bruce Campbell (2)

Of the major producers in Canada that were originally public, this is probably the best as far as management teams go. They know greenhouse growing very well, and it is probably really high quality in Canada. However, a lot of that has already been built into the stock.


Price: $6.300
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 COMMENT Badger Daylighting
BAD-T
Bruce Campbell (2)

They continue to move more and more of their business down into the US, and the stock has done really well. They are starting to see a pickup in the number of trucks they are building. If we see a ramp up in the infrastructure in the US, that would probably really help this company.


Price: $33.430
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 COMMENT Bewhere Holdings Inc
BEW-X
Bruce Campbell (2)

This has Bluetooth Beacons. In the past, everyone has used RFID, is a low-power version. Just signed a deal with Brinks in the US, to get their hardware into the trucks. Now they’ll sell Brinks Beacons for everything including money bags. A recurring revenue model. Expects they will be cash flow positive somewhere around the end of the year.


Price: $0.255
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-04-26 COMMENT Boralex Inc.
BLX-T
Bruce Campbell (2)

Thinks the weakness on this has been the French elections. They have a lot of wind farms in France, and the talk is that, depending on who gets elected, they could be done with the wind farms or any new wind farms. Thinks it is a safe dividend, and they are continuing to grow with new projects.


Price: $20.800
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 COMMENT Grande West Transportation Group
BUS-X
Bruce Campbell (2)

He continues to like this. They’ve had their 1st sale into the US on the transit side, as well as the non-transit side. Feels there is tons of room left in the future.


Price: $2.880
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-04-26 COMMENT Centric Health
CHH-T
Bruce Campbell (2)

There is a lot of room for them to grow on 2 fronts. They look after prescriptions for a long-term care facility and get paid a dispensing fee for that. From that perspective, they have lots of room to grow. They have a relationship with McKesson, which bought Rexall, and it was thought that they would get some of those contracts from McKesson which would increase their earnings and cash flow. The other side of the business is their surgical centres and are looking to increase the usage so they would be much more profitable.


Price: $0.810
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 COMMENT CanniMed Therapeutics
CMED-T
Bruce Campbell (2)

This has been focused strictly on the medical market, and not the recreational market. The stock is below where it was issued last December, probably because they have not talked about a recreational strategy.


Price: $10.840
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 COMMENT CRH Medical Corp.
CRH-T
Robert McWhirter

Ranks 222 out of 723 stocks in his model. If putting new money to work, you would typically look for something higher up in the rank. Currently trading at $9.12, and the overall earnings estimates for 2017 is $.28, giving a reasonable PE multiple. ROE of 25% looks attractive. Next year’s earnings growth is expected to be 21%, against a 28 PE, giving a PE to growth next year of 1.3X. It looks a bit expensive.


Price: $8.990
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: Unknown
2017-04-26 COMMENT CRH Medical Corp.
CRH-T
Bruce Campbell (2)

Just reported and beat street expectations. Revenue was expected to be $21.3 million, and came in at $22.5 million. Total operating earnings was up 63%. They continue to make acquisitions, and have great cash flow. Last week, there was a Short report which scared a lot of people, probably because of the valuation. He likes it here.


Price: $8.990
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-04-26 COMMENT Convalo Health International Corp
CXV-X
Bruce Campbell (2)

They are changing the way they compensate each of the ground managers. Have built out 5 pods so far, which offered in-patient services as well as day services. They were making all the decisions from a top down perspective, and the individual centres were not as profitable as they should have been. They recently adjusted the compensation structure, so now the managers are compensated on the profitability of each of their individual pods. This next quarter will not be indicative of that change, it will be one quarter after that. It has a lot of potential, but they haven’t lived up to that yet.


Price: $0.120
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 COMMENT EnerCare Inc
ECI-T
Bruce Campbell (2)

He likes this. Basically leasing HVAC systems for homes. It has done phenomenally well. It sounds like the service expert side of their business is really starting to see some acceleration. He expects to see earnings continue to ramp up.


Price: $21.560
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-04-26 COMMENT Flyht Aerospace Solutions
FLY-X
Robert McWhirter

Makes electronic black boxes for airplanes. In addition to knowing where the plane is, they also have captured a bunch of data for making things more efficient from an operations viewpoint, fuel consumption, proper hours of operation, etc. They just announced a new contract with a Chinese airline. China really is the key for the company, because they are building out a massive increase in their fleets and airports.


Price: $0.235
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: Unknown
2017-04-26 COMMENT Home Capital Group
HCG-T
Robert McWhirter

Part of the problem on this is a lack of confidence, in spite of the fact that depositors are covered by the Canadian government up to $100,000.


Price: $5.990
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: No
2017-04-26 COMMENT Halogen Software Inc
HGN-T
Robert McWhirter

Possibly being acquired at $12.50. Expected to earn $.27 in 2017. Earnings estimates have increased by 33% over the last 90 days.


Price: $12.460
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: Unknown
2017-04-26 COMMENT Horizon's Medical Marijuana
HMMJ-T
Bruce Campbell (2)

If you need sector exposure, this is a great way to do it, but he would prefer just using an individual stock. The issue is how the actual index itself is made up. Scott’s Miracle Grow, a fertilizer company, is 10% of this. So is Canopy Growth. He would prefer an active manager approach instead.


Price: $10.100
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-04-26 PAST TOP PICK Heroux-Devtek Inc.
HRX-T
Robert McWhirter

(A Top Pick July 21/16. Down 20.91%.) Earnings have declined and pretty modest growth is being forecast. With their 9% free cash flow yield, it is still a very interesting company.


Price: $11.970
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: No
2017-04-26 TOP PICK Loblaw Companies Ltd
L-T
Robert McWhirter

The program was interupted by a news flash from Washington, and wasn't inished. Top Picks are not talked about today.


Price: $75.700
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: _N/A
2017-04-26 COMMENT Loblaw Companies Ltd
L-T
Bruce Campbell (2)

This will probably be another distribution hub for marijuana at some time. He suspects it would have a very small impact on the stock. Thinks there are better opportunities elsewhere.


Price: $75.700
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-04-26 PAST TOP PICK Inspira Financial Inc
LND-X
Bruce Campbell (2)

(A Top Pick Feb 24/16. Down 43.33%.) This was a big disappointment. They changed their focus on their business plan. He got stopped out. They were basically doing loans to doctors, but have now changed and is doing software service. The market didn’t like that.


Price: $0.275
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-04-26 TOP PICK CIBT Education Group INC
MBA-T
Bruce Campbell (2)

Not only does this company have language and career College programs, they also have a big real estate portion, where they bring foreign students in and rent them accommodation. They’ve also been very good at developing projects.


Price: $0.760
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-04-26 TOP PICK New Flyer Industries Inc.
NFI-T
Robert McWhirter

The program was interupted by a news flash from Washington, and wasn't inished. Top Picks are not talked about today.


Price: $49.990
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: Unknown
2017-04-26 COMMENT Neulion
NLN-T
Bruce Campbell (2)

Has been a little disappointed with some of their conversion to generating cash flow and earnings. Long-term it sounds like it has lots of potential, but the numbers just don’t seem to come through.


Price: $0.800
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-04-26 TOP PICK NexJ Systems Inc
NXJ-T
Robert McWhirter

The program was interupted by a news flash from Washington, and wasn't inished. Top Picks are not talked about today.


Price: $4.650
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: Unknown
2017-04-26 COMMENT Organigram Holdings
OGI-X
Bruce Campbell (2)

Marijuana stocks sold off a few days before the legislation was getting tabled. There is a lot of supply of stock coming on right now with a lot of companies going public. After everything they’ve gone through, he still thinks they are one of the best operators, and that the stock is worth more than the current price. Their relationship with TGS out of the US is really interesting, where they are looking at the extracts and other products. That is probably not going to come into play for the company, but certainly down the road with the next step of legalization, it will.


Price: $2.570
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 TOP PICK Patient Home Monitoring
PHM-X
Bruce Campbell (2)

Just reported a great quarter in February, the first quarter they ever generated any cash. Trading at a super cheap valuation. Still very cheap and under loved. He is expecting this to double or higher from here, in a year’s time.


Price: $0.255
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-04-26 COMMENT PyroGenesis Canada Inc
PYR-X
Robert McWhirter

In the past, they made extremely small titanium balls which were used to adhere to stainless steel hips, knees and joints. Instead of ordering the devices, they have decided to make the devices themselves. They have 2 markets. Titanium and Inconel and a bunch of other alloys create extremely high temperatures nickel-based products. If this unfolds as he expects, the stock could be $1 by the end of the year.


Price: $0.770
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: Yes
2017-04-26 PAST TOP PICK Transalta Renewables
RNW-T
Bruce Campbell (2)

(A Top Pick Feb 24/16. Up 51.06%.) A great business for the renewable side of things. This is going to be a long-term growth business. Selecting your entry point is going to be the most difficult part.


Price: $15.700
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-04-26 COMMENT Route 1 Inc.
ROI-X
Robert McWhirter

Their product is a USB stick that you push into computers. Unfortunately, the US government and many others have looked at this as a security risk. VIQ Solutions (VQS-X) just introduced new SAS models, which you should consider instead.


Price: $0.025
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: No
2017-04-26 COMMENT Supreme Pharmaceuticals Inc
SL-CN
Bruce Campbell (2)

A lot of people have been concerned about the sales license with this company. They were very close to getting their sales license from Health Canada, and then there were pesticide issues with some other companies. Health Canada asked the company to look at some of the fertilizers they were using. Now they have to get those onto an approved list before getting their sales license. It’s just a longer review process than what was expected.


Price: $1.480
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 COMMENT Sangoma Technologies Corp.
STC-X
Robert McWhirter

Manufactures hardware and software for Internet protocol communications, basically hand sets. This company is doing great things and the outlook appears to be pretty good going forward.


Price: $0.710
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: No
2017-04-26 COMMENT StorageVault Canada
SVI-X
Bruce Campbell (2)

There are not a lot of Canadian companies comparable to this, which is probably why the stock has done so well. This has probably been one of the biggest growth sectors in real estate in the US, and expects it will continue to be that way in Canada as well. They’ve basically been rolling up smaller operations into their bigger operations. There is lots of room as far as acquisitions, left to go. From a long-term potential, the business is a growth business. From a stock potential, it is a growth business. On valuations, it is trading very high.


Price: $2.390
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 PAST TOP PICK Tecsys Inc
TCS-T
Robert McWhirter

(A Top Pick July 21/16. Up 8.81%.) They make the lives of hospitals more efficient with some of their supply chain management work. A high recurring revenue. Earnings are expected to double by April 2018, going from $.24-$.51, giving you a 22X PE. They are free cash flow positive. ROE is very good at 24%. Feels this still has further upside.


Price: $11.740
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: No
2017-04-26 PAST TOP PICK Tio Networks Corp
TNC-X
Robert McWhirter

(A Top Pick July 21/16. Up 38.49%.) Being acquired by PayPal at $3.35 a share.


Price: $3.310
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: No
2017-04-26 COMMENT Tidewater Midstream and Infrastructure Ltd
TWM-X
Bruce Campbell (2)

This is in the midstream business. Had started off really small, and made small acquisitions. They also have organic growth. This continues to move along and grow. If you have a longer-term view, this is one you could Buy. Also has a small dividend.


Price: $1.340
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 TOP PICK Veresen Inc
VSN-T
Bruce Campbell (2)

This is in the natural gas liquids business. Have a number of projects on the go, but also the big talk is that the Jordan Cove and LNG project off Oregon could potentially be back on, and that could be a game changer for them. Dividend yield of 6.5%. (Analysts’ price target is $15.54.)


Price: $15.400
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-04-26 PAST TOP PICK Yellow Media Inc
Y-T
Bruce Campbell (2)

(A Top Pick Feb 24/16. Down 58.9%.) The print side is probably just going to continue to decline, but he thought the digital side was going to grow. They have now had a couple of bad quarters on the digital side and he got Stopped out.


Price: $7.610
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-04-26 COMMENT ZCL Composites Inc.
ZCL-T
Bruce Campbell (2)

An interesting business. They basically make underground fiberglass tanks. A lot are used to replace the metal tanks at gas stations. They don’t have a lot of competition, and they generate nice cash flow. The stock is not cheap, but also not super expensive. If it was in the $13 range, he would certainly look at it.


Price: $14.550
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-04-26 COMMENT Zecotek Photonics
ZMS-X
Robert McWhirter

Manufactures crystals that are used in medical imaging devices, as well as for the large hadron collider in Switzerland. Currently selling their product to a Chinese medical manufacturer. They are also working on 3-D displays with some European automakers. They have a great product and the industry is moving towards their solutions. Currently, they don’t have a significant visible backlog beyond the Chinese opportunity.


Price: $0.255
Subject: CANADIAN DIVIDEND & GROWTH
Bias: OPTIMISTIC
Owned: No
2017-04-25 N/A A Comment -- General Comments From an Expert
A Commentary
Craig Porter

Energy. Oil is now below $50, but there is a chance for it to get back up to $55. The world is fairly well balanced in supply/demand. OPEC seems to be sticking to their cuts and Russia has joined in. The big fear is that the US supply has been growing. Through new technology, the US has been able to get costs down and production is starting to increase. Feels we are in a $45-$60 trading range for the year. We have gone through 2 winters that have been much warmer than normal, and natural gas inventories have started to build up. The good news is that there has been a lot of industrial demand coming for natural gas in North America. LNG has started to pick up in the US. A lot of chemical industries are now using natural gas. Demand has kept pace with the supply.


Price: $0.020
Subject: RESOURCE
Bias: UNKNOWN
Owned: _N/A
2017-04-25 N/A A Comment -- General Comments From an Expert
A Commentary
Brooke Thackray

Market. We are getting close to all-time highs once again. It seems that every time we have an election, the market rallies. We shouldn’t expect to see a sustained, long rally. The European elections are not the same as a US election. Given that we are at these high levels and entering into the unfavourable 6-month period, this is the time to be a little cautious. We might get a bit of a rally for a few days, but there is still some caution warranted. There are a number of sectors that tend to do well in the summertime, but it is usually not the cyclical sectors.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: _N/A
2017-04-25 N/A A Comment -- General Comments From an Expert
A Commentary
Brooke Thackray

Natural gas. This has a seasonal period that runs from March into mid-June. So far, we have seen the uptick in natural gas, with the spot price actually doing quite well. Recently, natural gas has started to pull back a little, and $3 should be the support level you should be concerned about. This is just a probability, as it doesn’t always wait for the end to pull back. If it continues to pull back and goes below $3, it would definitely be something to be concerned with.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: _N/A
2017-04-25 N/A A Comment -- General Comments From an Expert
A Commentary
Brooke Thackray

When following the Stochastic Oscillator for overbought/oversold signals, what charts should be used? Astochastic oscillator is a range bound indicator that shows price momentum. Using this by itself is not a good idea. You want to use it as a confirmation signal with something else. If you are using daily charts, either the 1-year stock price chart or the 3-year stock year chart should match if you are using daily data. If you switch to weekly data, it is not going to match.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: _N/A
2017-04-25 N/A A Comment -- General Comments From an Expert
A Commentary
Brooke Thackray

Presidential cycles. What we want to look at are causational factors. A long time ago, governments got into power, and in the first couple of years they used to cut, cut, cut and reduce their spending, because they wanted a balanced budget. Then, in the last 2 years, they spent, spent, spent, because they wanted to be voted in again. That really drove the presidential cycle. Now, when governments get in, they spend, spend, spend and in the last 2 years, they spend, spend, spend more. He is not sure the validity of the causational factor of what caused the presidential cycle is all that significant today.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: _N/A
2017-04-25 COMMENT Advantage Oil & Gas Ltd
AAV-T
Brooke Thackray

This follows the same trend as natural gas, and is pulling back a little. You are probably looking at $8 as a support level. If it goes below that, think about exiting the trade.


Price: $8.650
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-04-25 COMMENT Barrick Gold
ABX-T
Brooke Thackray

They have done a great job in bringing their costs down. If you want to be a gold stock investor, he would prefer going with something like this, versus some of the others. At the beginning of the year, it showed a strong run, but has pulled back now and is currently at a critical level at around $22. If it breaks below that, we might see some weakness. He would look for support at around $21. This also has some geopolitical risks.


Price: $22.890
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
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