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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
2017-07-24 N/A A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Markets.  Last week we saw the market starting to roll over.  The transports really got hit.  The DOW Transportation Index moved significantly lower into October and last week it moved down 2.79% so we are clearly into the corrective phase already.  He recommends gold and gold stocks.  As you get into the summer time there is a slowdown in the use of transportation services.  39% of the S&P stocks report results this week.  When the DOW companies report he feel there will be a selloff in that market.


Price: $0.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: _N/A
2017-07-24 WATCH A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Natural Gas.  It has two periods of seasonal strength.  One is in the summer time when it is used for generation of power for air conditioning.  It is still in a downward trend and is building a base.  If it breaks out above $3.05 there will be an interesting trade on Nat. Gas.  A good way to play it is to invest in Nat. Gas stocks.  Gassy stocks are starting to show some interesting bottoming patterns.  Watch for results from gassy stocks.


Price: $0.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-24 N/A A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Educational segment.  How to Play Earnings Season.  Next week is the big week.  Looking at Canada’s top 60 TSX companies, earnings should be up 11.3%, 47 should report higher earnings.  Base metals and energy are expecting the biggest percentage gains.  Look for those that had a loss last year at this time and report a profit this year.  The banks are expected to have robust earnings coming into this quarter.  The key in gold is how they calculate their future asset base. 


Price: $0.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: _N/A
2017-07-24 N/A A Comment -- General Comments From an Expert
A Commentary
Matt Kacur

Markets.  The market is looking expensive by quite a few metrics.  Sentiment is pretty strong.  In 2012 the total value of the future performance of a company was 54% and now it is 71%.  The rest of the value is fixed and working capital.  The FANG stocks are surprising okay.  He is little leery of AAPL-Q, however. 


Price: $0.000
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: _N/A
2017-07-24 DON'T BUY BlackBerry
BB-T
Matt Kacur

He flips back and forth on it.  They have a negative return on capital.  He does not think it is going to be able to come back.  They have not shown him enough for now.  He is not there yet.


Price: $0.000
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: No
2017-07-24 WATCH BCE Inc.
BCE-T
Don Vialoux

It takes time for companies to merge operations after an acquisition.  Typically BCE-T does well this time of year, but not this year.  It seems to be forming a bit of a base here, but wait for it to move more above that base.  There is no compelling reason to get excited right now.


Price: $0.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-24 WAIT Cineplex Inc
CGX-T
Don Vialoux

The summer picture season is not as dramatic as it was last year.  We recently had a break of support back to March.  Now is not a good time to buy it.  It is in a downward trend.  There may be interesting potentials closer to the end of the year.


Price: $0.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-24 COMMENT CRH Medical Corp.
CRH-T
Matt Kacur

News items make it difficult for anyone to analyze.  They have one of the best returns of capital.  The rules have changed.  Probably it is okay.  Usually the rule changes sound more threatening than they really are.


Price: $0.000
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: Unknown
2017-07-24 BUY Walt Disney
DIS-N
Matt Kacur

The return on capital has been improving.  When you have a pullback it is a good time to get in.  He is not worried about cord cutting on ESPN.


Price: $0.000
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: Unknown
2017-07-24 WATCH Dollarama Inc.
DOL-T
Don Vialoux

Seasonally it does well in the spring time.  It has been forming a trading range.  If it breaks below the support then it becomes a head and shoulders pattern.  There are some warning signs that the stock is having some difficulties.


Price: $0.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-24 BUY Descartes
DSG-T
Matt Kacur

It is really quite a good company.  There is no question about it.  He always likes to see an upward trend in the return on capital, which we have.  Valuation is a little rich but when you have a high quality company it tends to be justified.


Price: $0.000
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: Unknown
2017-07-24 WATCH Goldcorp Inc
G-T
Don Vialoux

They report tomorrow.  The numbers are going to be mixed in gold producers.  On a technical basis, G-T is starting to form a base and typically bottoms about now.  A move above its trading range would signal the start of its seasonal trade to the beginning of October.


Price: $0.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-24 DON'T BUY Liquor Stores N. A.
LIQ-T
Matt Kacur

It is not in its hay day right now.  That was in 2010.  Every year their return on capital keeps getting worse. 


Price: $0.000
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: Unknown
2017-07-24 BUY Purpose Premium Yield Fund
PYF-T
Don Vialoux

An excellent way of sitting on cash.  Between now and mid-October, we have volatile markets seasonally and this is a cash equivalent.


Price: $0.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-24 WEAK BUY Shaw Communication (B)
SJR.B-T
Matt Kacur

There are better cable companies but he likes this one.  Most people should own those types of names.  He prefers the metrics of CCA-T.


Price: $0.000
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: Unknown
2017-07-24 WAIT Sun Life Financial Inc
SLF-T
Don Vialoux

It has a period of strength from September to December each year.  We are still in a downward trend and it is forming a base.  It is too early to consider it from a seasonal perspective.  Take another look in the fall.


Price: $0.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Ross Healy

Market. There is a lot of liquidity sloshing around the market, which really doesn’t know what to do. However, when you try to reach into the market to grab some value, it’s difficult. Because of this, what has happened increasingly lately is that as a kind of default investment, investors are going into ETF’s, somewhat blindly. The issue he has is that people buy and never mind what the quality, the underlying fundamentals are. When he sees the market doing the same thing again, he has to look back and remember what happened when this happened before. In the end, it wasn’t terribly pretty. It is very hard to fight it. There is still value to be found in certain segments. The financial sector is an obvious standout on both sides of the border as being cheap. When this market stops, you better get off.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2017-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Sprung

Market.Non-resource markets did very well. The European economies are putting up better numbers. Even in the Asian emerging markets, there was a lot of trade in technology happening. The resource markets were somewhat left out of it, and financials were kind of dull in the 1st half. When you set the stage for the 2nd half, all of a sudden you have Central Banks around the world talking more hawkishly and interest rates rising. We are just coming out of what has been a very long, slow and tepid recovery. You don’t really know how economies are going to adjust to higher rates, and how fast that is going to happen, and whether or not there might be some adjustments along the way. Inflation is almost negligible, so why push interest rates up against that? This is a time to be really cautious and look at the quality of the companies you are investing in. Even though the recovery has been slow, markets have been fairly good. The wildcard in all of this are trade talks which have just started.


Price: $0.020
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: _N/A
2017-07-21 BUY Alaris Royalty
AD-T
Michael Sprung

This had a bit of a setback over the last couple of years, but we are finally beginning to see them work out of the problems they’ve had with their partner companies. A good stock for people who are looking for steady income. One of the fears was when a number of these companies were having trouble meeting their preferred payments. They’ve made a few new investments with some new companies and have started a small-cap division. They are finally getting back on track. Dividend yield of 7.25%.


Price: $21.880
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2017-07-21 TOP PICK AGT Food & Ingredients
AGT-T
Michael Sprung

This has been an off year for them. The pulse market has been somewhat in the doldrums. The perennial problem with the fumigation issues on importing pulses into India, has surfaced again. Over time, the company has been diversifying into ingredients for human and pet consumption. They’ve recently just bought some more transportation access to a port facility. Dividend yield of 2.4%. (Analysts’ price target is $35.)


Price: $26.000
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2017-07-21 COMMENT Altagas Ltd
ALA-T
Michael Sprung

A company that is balanced between regulatory and other activities. The dividend is fairly secure at this time. Originally, they were more western based. Within the sector there are probably other quasi-utility type situations that he would look at first.


Price: $29.270
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2017-07-21 COMMENT Brookfield Asset Management (A)
BAM.A-T
Michael Sprung

An extremely well-managed company over the years. They’ve been very, very astute investors over time. It is just a question of what you pay for it. He has a very small position in this.


Price: $49.720
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2017-07-21 COMMENT BlackBerry
BB-T
Ross Healy

The company never was able to deliver on the promise that John Chen brought. If they can translate those 60 million dashboards to another 60 million self driving cars, that would be wonderful. However, there isn’t anybody out there who is taking them on. This is not an investment, it is a speculation.


Price: $12.570
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 COMMENT BCE Inc.
BCE-T
Michael Sprung

Sell Rogers (RCI.B-T) and buy Bell (BCE-T)?A really interesting question, particularly with the 1st salvo we’ve had from the trade negotiations were the US has said that they want to have greater access to our telecommunications industry. In that case, he’s not sure you want to own any of these. His preference would be with this one, but only because it is dominant within the wireless industry. Also feels it would be a little more secure in the longer-term.


Price: $58.530
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-07-21 PAST TOP PICK CitiGroup
C-N
Ross Healy

(A Top Pick Aug 11/16. Up 45.6%.) He likes the US financials. Also the Fed has indicated that they want to keep on boosting interest rates up.


Price: $66.000
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-07-21 COMMENT CCL Industries (B)
CCL.B-T
Ross Healy

A problem with buying this is that it has had an enormous run from its bottom. It was trading at a big discount to its BV, and is now trading at about 4.5X BV, an astonishing run. This is a cyclical stock, long term. It is trading at about its Fair Market Value. It isn’t cheap anymore.


Price: $60.490
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 DON'T BUY CCL Industries (B)
CCL.B-T
Michael Sprung

He admires this since it became a label company. It has done tremendously well. Unfortunately, when a company does as well as they have, people tend to build in expectations of growth rates that he does not believe are sustainable for a long period of time. It looks expensive.


Price: $60.490
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2017-07-21 DON'T BUY Clorox Company
CLX-N
Ross Healy

The Fair Market Value is 41% below the current price. It is currently trading at the Price to Book of 25X. This stock is simply not investment grade anymore.


Price: $132.240
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 COMMENT Crescent Point Energy Corp
CPG-T
Ross Healy

For the past 5 years, the balance sheet has been slowly slipping away. That is because of the huge volatility of energy pricing. The whole oil stock complex is cheap on a Price to Book basis. However, when you value them on an earnings basis, they are not. Oil pricing keep slipping lower and lower. On this company, the PE is 50, and it is currently trading at a Price to Book of 50%.


Price: $9.210
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 TOP PICK Cominar Real Estate Inv Tr
CUF.UN-T
Ross Healy

Trading at 60% of its BV and has a payout that is covered. If they were to cut their dividend down to about 8%, a sustainable rate, he thinks the stock would take off. Dividend yield of 11%. (Analysts’ price target is $14.)


Price: $13.380
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-07-21 COMMENT CVS Health Corp
CVS-N
Ross Healy

Had a fairly large set back from the last year or so, and is kind of consolidating at about 2X BV. It has nice upside potential of 51%. The downside risk is to about $74, and that is where he would love to be a buyer. It has fairly easy upside to about $92. He wouldn’t worry about this one in the slightest.


Price: $77.030
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 WEAK BUY Detour Gold
DGC-T
Michael Sprung

Had a bit of the stumble about a year ago, which caused a delay in one of their mines. They seem to be getting past that now and things seem to be getting back on track. It could be a potential investment, but he wouldn’t put all his eggs in one basket.


Price: $14.010
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2017-07-21 COMMENT Dollarama Inc.
DOL-T
Ross Healy

A very expensive stock. On a Price to Book basis, it is out of sight. On a Price to Earnings ratio, it is nothing to write home about. However, this is a momentum stock which keeps on working and keeps on producing nice numbers, because it is a stock for the times. It will keep on going until it doesn’t. When it doesn’t, you had better not be there, because the downside risk is really something.


Price: $120.900
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 COMMENT Descartes
DSG-T
Michael Sprung

A lot of technology companies sell beyond multiples he looks at as a value investor. This one has always been an extremely good company. They are at the forefront of their technology. Longer-term they are in a very good place. Trading at 52X forward earnings. You have to grow a whole lot to justify those kinds of multiples.


Price: $30.790
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2017-07-21 TOP PICK Encana Corp
ECA-T
Michael Sprung

Just reported and the street was impressed. This is one of North America’s leading energy producers with a diverse portfolio of plays in 4 critical areas, that are all doing extremely well. Assets they own are among the best in North America. They’ve improved their balance sheet in the last year or 2. They have a five-year plan to increase production and cash flow. Dividend yield of 0.7%. (Analysts’ price target is $12.25.)


Price: $12.340
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2017-07-21 COMMENT Equitable Group
EQB-T
Ross Healy

There is nothing wrong with this company’s balance sheet. The overwhelming problem with the group was the issue of whether lenders, the people who bought the GICs, etc., wouldn’t freak out and panic when some of the US hedge funds started Shorting.


Price: $54.100
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 COMMENT Ford Motor
F-N
Ross Healy

A conundrum. Cheap on a PE basis, Price to Book, and even on a quality to balance sheet basis. However, what is the outlook for auto sales? He hears it is fairly bleak. Car lots are rapidly filling up with inventory, including used cars. This is different than General Motors (GM-N) which is going gangbusters in China. If you own these, you might have to wait for another auto cycle.


Price: $11.530
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 COMMENT Fairfax Financial
FFH-T
Ross Healy

This had a spectacular growth spurt, and since that time the growth has pretty much levelled out for a long time. Now it just kind of trades in a nice trading range. As time has gone on, the market has become less and less interested, as Prem Watsa has not been able to deliver the returns of the glory days. The stock price and Fair Market Value, as he measures it, are exactly the same. He is concerned that there may be a further set back.


Price: $563.000
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 COMMENT Fairfax India Holdings Corp
FIH.U-T
Michael Sprung

Prem Watsa for a long time has wanted to build a major business in India. He knows that the key success factor in building a business in India is the partners that he partners with. If anyone can do it, Prem probably can. For anyone looking at international exposure, this is probably not a bad one to take a hard look at.


Price: $17.760
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2017-07-21 TOP PICK Fortis Inc.
FTS-T
Ross Healy

Relatively cheap and trading at about 1.25X BV, which is about as low as the company gets. Not a bad dividend of 3.6% and nice upside potential of about 25% for a utility. It should be clear to about $51. (Analysts’ price target is $50.)


Price: $44.800
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-07-21 COMMENT Fortis Inc.
FTS-T
Michael Sprung

Well-managed. Made a large Texas acquisition a few years back which turned out very well. Then they bought the transmission assets. They have a good growth pattern ahead. You are buying a lot of US exposure now. He thinks they are in a good place at a good time. The stock has performed very well.


Price: $44.800
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2017-07-21 PAST TOP PICK Goldcorp Inc
G-T
Ross Healy

(A Top Pick Aug 11/16. Down 30.13.) It behooves any investor to have 8%-10% of their portfolio in gold stocks. This one is cheap on a Price to Book basis.


Price: $17.200
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-07-21 COMMENT Gilead Sciences Inc.
GILD-Q
Ross Healy

This had an enormous set back from its peak, and has got to a level that is quite attractive. Has loads and loads of upside potential. Feels the downside risk is now behind it and he likes it here. It could go a fair distance.


Price: $73.760
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 COMMENT Hydro One
H-T
Michael Sprung

This is a company where the government sets its rates, takes its cash flow. The flexibility that management has within Ontario is limited. You have to ask yourself, are you really buying equity or just buying a participation with a right to a dividend as it goes along. Making a US acquisition gives them an outlook for growth, and hopefully earn a better return on equities.


Price: $22.650
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-07-21 PAST TOP PICK Hudbay Minerals Inc.
HBM-T
Michael Sprung

(A Top Pick Aug 24/16. Up 48.05%.) Fairly priced. Has a lot of good things going. A large part of their CapX program went into developing Constancia, and that is now behind them. They’ve had some good news leading to the next development of permits and feasibility studies for Rosemont. They continue to have good projects on the horizon. Well-managed. If it pulled back about 15% he would add a little more to his position.


Price: $8.400
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2017-07-21 TOP PICK Home Capital Group
HCG-T
Ross Healy

This is back to being a company and not a rank speculation like it was a couple of months ago. There is nothing wrong with the balance sheet. A bunch of American speculators drove this company into the ground. In a couple of quarters, we should start seeing a bounce back in earnings, as well as dividends. (Analysts’ price target is $17.63.)


Price: $13.310
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-07-21 PAST TOP PICK Manulife Financial
MFC-T
Michael Sprung

(A Top Pick Aug 24/16. Up 48.26%.) Good management. New CEO has a lot of Asian experience. There has been recent speculation that the company may sell off some of the less performing assets that they’ve had in the US.


Price: $25.250
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2017-07-21 COMMENT National Bank of Canada
NA-T
Michael Sprung

This usually carries a pretty good yield relative to the other banks. They’ve always been a fairly conservatively managed bank, and are certainly not as regional as they used to be. Have a fairly strong capital ratio, and sell at a fairly reasonable multiple of book. He doesn’t see the possibility for growth and expansion that he can see in their larger competitors.


Price: $56.130
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2017-07-21 COMMENT New Flyer Industries Inc.
NFI-T
Michael Sprung

This has done extremely well. Once this got to around $50, it became fairly richly valued. Recently they were pre-announcing some pretty good numbers what they expected their deliveries to be in the current quarter. Municipalities need to replace and rejuvenate bus fleets. The coach industry seems to be doing fairly well. One of the few major manufacturers left in North America.


Price: $52.150
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2017-07-21 COMMENT Nvidia Corp
NVDA-Q
Ross Healy

If you like to roll the dice, then buy some of this and cross your fingers. A story that has had at least 3 huge cycles since he has been following it. When it gets to the top, it has one of those moments when the market quits and the stock falls. His FMV is 66% lower than the current price. Typically, when these stocks correct, they not only correct back to their FMV, but below it.


Price: $168.100
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-21 COMMENT Parkland Fuel Corp
PKI-T
Michael Sprung

He likes this company. Extremely well-run. They just completed the acquisition of the BC assets of Chevron. Have grown very smartly through acquisitions. He doesn’t own this currently because he would sooner be paying in the low $20s rather than the high $20s.


Price: $27.830
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2017-07-21 COMMENT Potash Corp of Saskatchewan
POT-T
Michael Sprung

Thinks the time has passed to get into this. As an ex-Agrium shareholder, he was disappointed on hearing of the merger. With the merger, this is going to blend the companies, and thinks they are going to be more potash weighted. Any of the benefits of this merger are already in the 2 stocks.


Price: $22.560
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-07-21 COMMENT Power Corp
POW-T
Ross Healy

This has got a nice yield and a huge upside potential from a Fair Market point of view. Trades at a beautiful discount to its BV. However, the market doesn’t seem to care. He likes the group and they are cheap.


Price: $29.890
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-07-21 COMMENT Rogers Communcations (B)
RCI.B-T
Michael Sprung

Sell Rogers (RCI.B-T) and buy Bell (BCE-T)?A really interesting question, particularly with the 1st salvo we’ve had from the trade negotiations were the US has said that they want to have greater access to our telecommunications industry. In that case, he’s not sure you want to own any of these. His preference would be with Bell, but only because it is dominant within the wireless industry. He feels Bell would be a little more secure in the longer-term.


Price: $65.890
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-07-21 DON'T BUY RioCan Real Estate Investment
REI.UN-T
Michael Sprung

You can’t analyse this the way you used to. Dynamics of the retail industry and commercial space are changing so rapidly, that given the properties this company has, are now subject to changes that are happening within the businesses that it serves. He would not look at this one.


Price: $24.180
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-07-21 TOP PICK Royal Bank
RY-T
Michael Sprung

Banks have largely been ignored in terms of their potential for throwing off free cash flow and increasing benefits to shareholders, whether through direct dividends or through international growth. Canadian banks tend to earn 15%-20% domestically on ROE, which throws off a lot of capital that has to be reinvested. It can’t all be reinvested in Canada. This bank has a large advantage there. Dividend yield of 3.9%. (Analysts’ price target is $102.)


Price: $94.750
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2017-07-21 COMMENT Sears Canada
SCC-T
Michael Sprung

At this time, this is a speculation not an investment. He wouldn’t invest money you can’t afford to lose, because there is a possibility this could go to zero. There is value within their brands, but the retail part of the company has failed. A lot of creditors are circling.


Price: $0.620
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-07-21 PAST TOP PICK Suncor Energy Inc
SU-T
Michael Sprung

(A Top Pick Aug 24/16. Up 9.04%.) He considers this to be the benchmark of the Canadian industry. This is still a Buy.


Price: $38.420
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2017-07-21 PAST TOP PICK Telus Corp
T-T
Ross Healy

(A Top Pick Aug 11/16. Up 7.07%.) This is just sort of soldiering a long. It hasn’t quite got enough FMV to really propel it forward, but has enough that it is still keeping it up there. In the meantime it has a decent yield. The kind of thing you can tuck away in your portfolio and not worry about it.


Price: $45.220
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-07-21 BUY Teck Resources Ltd. (B)
TECK.B-T
Ross Healy

The fair market value is quite high, relative to the current price. If there is any change in the market towards the resource sector, this is a stock that could do quite well. He could see it going to $34.


Price: $24.420
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
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