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

Recent Opinions

Generated Feb 22, 2017 2:39:56 PM

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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


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

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


Price: $2.530
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Unknown
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