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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
2017-03-15 N/A A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Cdn$. This has very strong seasonality. Historically, from around the middle of March, it normally reaches a very important low, and moves higher through until the middle of May of each year. It has a lot to do with US activity generating more demand for Canadian commodities.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: _N/A
2017-03-15 N/A A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Energy. Oil had a big jump today because of better than expected inventory data. The other component, of course, is the weaker US$. Historically, crude oil’s seasonality is positive this time of year. It has a lot to do with growing economic activity coming in the spring time. There is good reason to believe that it will be even stronger than average this year. This has a lot to do with the weather. He is expecting greater demand for crude oil and for natural gas.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: _N/A
2017-03-15 WATCH A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Gold. Historically, gold and gold stocks have a history of 2 periods of seasonal strength. The most recent has been from the middle of December right through until the 3rd week of February. It then has a history of moving lower. The other period of seasonal strength is from July through until October. We’ve now passed the period of seasonal strength. If you own gold, you want to use the strength meter that we are probably going to see in the next few days as an opportunity to lighten up.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 BUY A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Banks? These have sold off in the last week or so, and is providing a buying opportunity. On a seasonal basis, the banks normally do very well from about the middle of March through to the end of April or the beginning of May. This is the time when people are buying new cars, fixing up houses, spending a lot of money. The recent weakness in the banks is providing a buying opportunity for a nice seasonal trade, at least until around the end of April or beginning of May.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 PAST TOP PICK Allison Transmission Holdings
ALSN-N
Stephen Groff

(A Top Pick April 20/16. Up 34%.) This tends to specialize on medium/heavy duty size automatic transmissions that go into things like school buses, refuse trucks, etc. This is a cash flow machine. It was very cheap a year ago and is still attractive, but not inexpensive. Still a great company.


Price: $36.520
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 BUY Brookfield Asset Management (A)
BAM.A-T
Don Vialoux

This is a good choice because historically, on a seasonal basis, it goes right through until the middle of May each year. We are currently in the period of seasonal strength. Chart shows that it has recently started moving on the upside and broke above its previous highs, and is currently outperforming the market.


Price: $49.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT BCE Inc.
BCE-T
Stephen Groff

He would value this on a free cash flow basis, looking 1-2 years out. It has come off a little and free cash flow yield has gotten a little better. Management has done a great job. However, top line growth is only at about 1%. They have to spend a lot of money to continue to work on the network to stay competitive. Dividend yield of about 5%.


Price: $57.570
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 PAST TOP PICK Brookfield Infrastucture Partners
BIP.UN-T
Stephen Groff

(A Top Pick April 20/16. Up 45%.) He still likes this and still believes in the strategy and owns a good amount of it.


Price: $48.660
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 WATCH Birchcliff Energy Ltd.
BIR-T
Don Vialoux

A gassy stock and has very strong seasonality, historically from around the last week in January right through until approximately the middle of May. However, it is not happening this year, so wait until the technicals confirm that seasonal trends are actually occurring. This is still in a downward trend.


Price: $6.870
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Bank of Montreal
BMO-T
Stephen Groff

Bank of Montréal (BMO-T) or Manulife (MFC-T)? Doesn’t own either, and prefers some US banks, although many of them are no longer as attractive and he has had to reposition.


Price: $101.240
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 COMMENT Canam Group Inc.
CAM-T
Stephen Groff

Structural steel. A very cyclical, and highly asset intensive in terms of what is needed in working capital. Make sure they have the balance sheet needed, because it is cyclical. A competitive business. They often have contracts that can either make them or break them.


Price: $5.980
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 BUY Cara Operations Ltd.
CARA-T
Stephen Groff

This has been a very interesting turnaround. They’ve done a great transition on costs, and have become better on marketing. There are some short-term challenges in terms of the economic environment, primarily in the West. It is very much a franchise model they are shifting towards that with many other banners. Generates solid cash flow. Not the cheapest stock, but you have to give management credit with what they have done. Reasonable value for what you are getting. Dividend yield of 1.5%.


Price: $26.450
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 TOP PICK CASH
CASH
Stephen Groff

He will always hold cash if he has a tough time finding value. His cash values are elevated today, and it is not uncommon for him to be north of 20% cash. When he finds opportunities, he will invest the money. Right now, stocks are not cheap and there is risk.


Price: $0.010
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 PAST TOP PICK CASH
CASH
Don Vialoux

(A Top Pick Jan 20/17.) This was kind of a chicken recommendation which worked out quite well. Both the Canadian and US equity markets are looking a little rocky over the next 2 months. You want to be cautious over the next 2 months.


Price: $0.010
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Yes
2017-03-15 TOP PICK CASH
CASH
Don Vialoux

He is very conservative on what can happen to equity markets over the next few months. Yesterday we had the TSE Composite complete a head and shoulders pattern. The downside technical target on that pattern is 14,850. It’s not a huge amount, but it is about a 3.5% drop that you can expect to see in the Canadian equity market over the next few months.


Price: $0.010
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Yes
2017-03-15 HOLD Carnival Corp.
CCL-N
Don Vialoux

Cruise ships have a tendency to do very well in the latter part of the year and into the spring. Chart shows a long-term upward trend from 2014 and it just recently broke to new highs. This is outperforming the market, and we are still in a period of seasonal strength. When owning a stock, you want technicals showing an upward trend and positive strength relative to the S&P 500, with positive seasonality as the extra positive. If you own, continue holding until April.


Price: $57.370
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT CCL Industries (B)
CCL.B-T
Stephen Groff

An outstanding CEO who has created an enormous amount of value. Their core business of labels is outstanding. They generated outstanding returns. Keep in mind that some parts are cyclical and some parts are declining. It is really the core that matters. Over time they will be able to continue to improve margins across segments, and have healthy organic growth. Dividend yield of 0.8%.


Price: $299.350
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 HOLD CCL Industries (B)
CCL.B-T
Don Vialoux

This has a history of moving higher, normally from around November of each year through until April. Technically, the stock is in an upward trend and is outperforming the market.


Price: $299.350
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Chorus Aviation Inc
CHR-T
Stephen Groff

Hasn’t spent as much time looking at this, but there is a peer in Canada he would highlight, Cargojet (CJT-T). It’s a little different in that it is centred around cargo rather than people.


Price: $7.330
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Unknown
2017-03-15 COMMENT Cargojet Inc
CJT-T
Stephen Groff

A very well-run company and very dominant, because they basically have a lock on the Canadian market for time sensitive airfreight. They’ve been able to get more and more contracts, build on the network affect and reinvest in better capacity. Not as cheap as it was, but generates a healthy amount of cash flow, particularly as they get past the final plane refreshes. Dividend yield of 1.6%, which will grow.


Price: $44.030
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Unknown
2017-03-15 COMMENT Canadian Imperial Bank of Commerce
CM-T
Stephen Groff

Doesn’t own any Canadian bank. Every stock he owns has to be attractive on an absolute basis. If there were incredibly low values on the banks, he would be interested. Looking at them today, he does not think their price is at a point where he has a positive enough risk/return skew.


Price: $117.900
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 COMMENT Costco Wholesale
COST-Q
Stephen Groff

An outstanding business model. It is e-commerce resilient. The unit economics are very, very strong. A very durable moat type business. They make a ton of money on membership fees, and are about to increase them in July, which will be a nice earnings tailwind. However, it always comes back to what you want to pay for it. He is waiting for a better entry point. Dividend yield of about 1.1%.


Price: $166.540
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 TOP PICK iShares MSCI Emerging Markets Index
EEM-N
Don Vialoux

(This is in US$, but is also available in Cnd$ through ZEM-T, FDE-T and SHZ-T, which also offers a nice dividend yield.) Technically, the chart shows a nice upward trend, and today, after 2 PM we had a break out to a new high. The growth is coming from India, China, South Korea, Brazil, Taiwan. Seasonally, this runs from the middle of January right through to approximately the end of April.


Price: $39.320
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: No
2017-03-15 WAIT Extendicare Inc
EXE-T
Don Vialoux

This is more of a defensive stock, and its period of seasonal strength tends to be more in the summertime. You want to be an owner of this as you get close to June of each year right through until approximately September.


Price: $10.560
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Ivanhoe Mines
IVN-T
Don Vialoux

This has very strong periods of seasonal strength from about October through until usually April. The chart shows it is currently trying to form support at around $2.80. There is still a period of strength going forward, so there is an opportunity to continue owning this. There is a good chance of this taking a shot at its previous high. If it gets to that level, that would be the opportunity to take profits.


Price: $4.260
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Kinross Gold
K-T
Don Vialoux

A classic example of a gold stock. This has very strong seasonality during the early part of the 2 cycles for gold. Historically that is from the middle of December through until around the 3rd week in February. We are now outside of the period of seasonality until we get to the period of seasonal strength, around the 2nd week of July.


Price: $4.640
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Coca-Cola Company
KO-N
Don Vialoux

This typically does very well in the summer. Currently it is in a trading range. You want to watch this trading range, and if it starts to move above the range, it could be an interesting seasonal trade in about June right through until September or October.


Price: $42.120
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 WAIT Loblaw Companies Ltd
L-T
Don Vialoux

Historically this has been a summer stock. Normally it starts to do well at approximately the middle of June right through until the end of September. It’s in a trading range right now and not doing much of anything. If you see this moving above its trading range by the middle of June, that is going to be the set up for the next seasonal trade, which will take you into September. Dividend yield of 1.5%.


Price: $71.360
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Manulife Financial
MFC-T
Stephen Groff

Bank of Montréal (BMO-T) or Manulife (MFC-T)? Doesn’t own either, and prefers some US banks, although many of them are no longer as attractive and he has had to reposition.


Price: $24.490
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 COMMENT Morguard North American REIT
MRG.UN-T
Stephen Groff

A vehicle for holding more stable properties. More of a yield play than Morguard Corp. He owns both. Over the long-term, Morguard Corp is the more attractive, because it is where fees accrue to, and also retains more capital instead of paying the bigger dividend. Because the shares of Morguard Corp trade at a meaningful discount to its fair value, they continue to buy back stock from time to time, which further accretes value per share.


Price: $14.360
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 TOP PICK Metro Inc (A)
MRU-T
Stephen Groff

Looking out over 20 years, this has been one of the best performing stocks out there. Has a lot of respect for management. They are excellent at allocating capital and at operations. Shares have pulled back recently because of inflationary concerns, but when he looks at this over the long-term, nothing has changed. Although there is a bit of inflation now and a little bit of competitive intensity in a weak economy, they have dealt with this before and will deal with it again. The multiple has pulled back to what he thinks is a fair number for long-term holders. Dividend yield of 1.6%. (Analysts’ price target is $45.50.)


Price: $40.570
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 TOP PICK Metro Inc (A)
MRU-T
Don Vialoux

This is his trade to hide somewhere in Canada. The chart shows this is in a long-term upward trend from 2014. In the last few days, the chart shows it has formed a gorgeous double bottom pattern, and is finally showing signs of improvement. It has already outperformed the Canadian market. It also does well in the summer, as defensive stocks do much better at that time. Seasonally, this does well from around now through to the middle of July. (Analysts’ price target is $45.50.)


Price: $40.570
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: No
2017-03-15 COMMENT New Flyer Industries Inc.
NFI-T
Stephen Groff

What they’ve accomplished is fairly impressive in terms of improving operations. Did a recent deal which makes a lot of strategic and financial sense. The stock has had a healthy run.


Price: $43.830
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 WAIT Precision Drilling
PD-T
Don Vialoux

Historically this has very strong seasonality from around the end of January through to the beginning of May. This year it is not there. There is still time for this seasonal trade, so far there is no indication that the stock has even tried to bottom. It is still in a downward trend. Be patient. There still could be time to do a seasonal trade, but you are starting to run out of time.


Price: $6.290
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Potash Corp of Saskatchewan
POT-T
Don Vialoux

Historically, fertilizer stocks have a period of seasonal strength from around October, through to the end of the year. He is not expecting to see much movement to the upside at this time of year. There has been some good news in the last couple of weeks, where it looks like European competition is becoming less competitive, which will be a positive for this company and fertilizer stocks in general. There are better opportunities elsewhere.


Price: $22.990
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 HOLD Pembina Pipeline Corp
PPL-T
Don Vialoux

Technically this looks very interesting. The trend is still on the upside, and it recently just broke above a trading range. It looks like the stock is outperforming the TSX composite which is positive. Looks like a good trade right through until spring.


Price: $43.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 PAST TOP PICK ETFS Physical Platinum Shares
PPLT-N
Don Vialoux

(A Top Pick Jan 20/17. Down 3%.) The intention here is to own platinum right through until the end of April. This is because platinum is used in catalytic converters. Coming into the car season, there is greater demand expected for platinum. If you own, what do you do now? The answer is, stick with it and buy some more. The interest in the auto industry and catalytic converters is growing.


Price: $91.451
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: No
2017-03-15 COMMENT Restaurent Brands International
QSR-T
Stephen Groff

This has made a number of transformative deals, with Tim Hortons being the major one. Their strength is in cost cutting, and they’ve done a very good job managing that. There has been a little controversy lately of how far they go on costs. Not a cheap stock. Has a healthy amount of leverage. There are some well known catalysts including refinancing, a very expensive pref instrument, which will drive earnings growth and accelerate it heading into 2018. He likes this and would own more if it was cheaper.


Price: $73.050
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 COMMENT Starbucks
SBUX-Q
Stephen Groff

Trading at one of the lowest premiums to the S&P than it has for a long time. A great business. Very strong brand. Have had some operational issues lately, partly to do with their North American operations; the new mobile app and issues it has created in the stores. They are working through that. Also, China is very important for them. Generates great returns. Well run and getting cheaper than what it was. Still not cheap though. When he thinks it is appropriate, he will Buy. Dividend yield of 1.8%.


Price: $54.540
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 WEAK BUY Stella-Jones Inc.
SJ-T
Stephen Groff

2016 was a tough year, and 2017 is a continuation of that. Railroad ties and utility poles. A business with a natural barrier, because they are heavy and can’t be transported too far. Also, they need a license to produce ties because of the type of wood preservative used. Railroad ties wear out over time based on age, train weight and how many times a train goes over that tie. In the latter part of 2016, there was some pressure as Class1 pulled back and effectively de-stocked a little which created pressure. Also, wood pricing moved, so that they knew pricing was going to come down, and there was a cost mismatch between inventory and what they could sell for. The back half of 2017 is going to get better. Not a bargain, but a reasonably fair price if you’ve got a 2-year time horizon.


Price: $42.200
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 TOP PICK Store Capital Corp.
STOR-N
Stephen Groff

This business is fairly simple. They approach business owners and buy their real estate, leasing it back to them. The management team behind is excellent at what they do. This is the 3rd time they’ve done this. The first 2 were home runs for shareholders. They target the middle market, which is way less competitive. They offer value to the people they buy property from and manage it very tightly. Very focused on risk. The important part is that they earn cap rates that are significantly higher than their cost of capital, which enables them to grow at a very healthy rate. Dividend yield of 5.1%. (Analysts’ price target is $28.)


Price: $23.250
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 BUY Toronto Dominion
TD-T
Don Vialoux

Banks have 2 periods of seasonal strength, and we are just into one of them now. It runs from about the middle of March through until the reporting of their fiscal 2nd quarter results, approximately the end of April. The stock has been hit in the last while, because of the controversy of bank employees being a little aggressive on marketing. That is a short-term factor. We are now into the period of seasonal strength. The recent weakness is probably an excellent buying opportunity.


Price: $65.950
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Teck Resources Ltd. (B)
TECK.B-T
Don Vialoux

This has been benefiting from higher copper prices, and particularly on zinc prices that have been very strong in the last little while. This is also a coal producer. Seasonally, the stock does very well from about mid-October through until April. Unfortunately, the chart is showing it is forming a trading range right now. It is probably near the bottom of that right now. We still have periods of strength coming forward into early this spring, and there will probably be another test of the previous high, which will be the opportunity to take some money off the table.


Price: $28.330
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Tahoe Resources
THO-T
Don Vialoux

This has been interesting and a bit disappointing. Historically this has done well from January to approximately the middle of May of each year, but this year not so much. Seasonality works most of the time, but not all the time. What you need to do with a seasonal trade is to wait until technicals show that the stocks have shown signs of bottoming and are starting to show signs of outperformance relative to the market.


Price: $10.280
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 BUY on WEAKNESS Thomson Reuters Corp
TRI-T
Stephen Groff

This is a powerhouse. A well-run company with significant management ownership via Woodbridge. He has a lot of respect for the team. Not a cheap stock. Free cash flow this tear will be a bit lower, primarily due to one-time items. He looks 2-3 years out and the amount of free cash flow they can generate. The free cash flow yield is fair, not great. It gets out to about 6.5%-7% a little farther out. This gives you a healthy dividend and modest share repurchases. They are very good at allocating capital. He would own more at a lower price. A lower risk/high quality business.


Price: $58.160
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 PAST TOP PICK Walgreen Boots Alliance
WBA-Q
Stephen Groff

(A Top Pick April 20/16. Up 7%.) This has been fine. It hasn’t been an unbelievable return, but when looking at how it has done relative to many of its peers, it has actually been fairly solid. Feels managements’ strategy is sound.


Price: $85.800
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 PAST TOP PICK iShares S&P/TSX Global Gold
XGD-T
Don Vialoux

(A Top Pick Jan 20/17. Down .9%.) The seasonality for gold and gold stocks are identical. Historically they bottom right around the middle of December and then move higher. After that they selloff.


Price: $13.100
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Yes
2017-03-15 COMMENT ZCL Composites Inc.
ZCL-T
Stephen Groff

Hasn’t followed this closely. Make sure you understand the cyclicality. They have the water business and the oil sands business. The business is very much tied to CapX, and you have to really understand those cycles.


Price: $13.460
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-14 N/A A Comment -- General Comments From an Expert
A Commentary
Kash Pashootan

Market. We are in such a choppy period that a week from now the market could be either up or down and people wouldn’t be that surprised. Given that there isn’t a real clear path of where the markets are going, you have to be nimble. It is important to have a little bit of cash. He recently added gold for the 1st time since December 2012, and has a 4% weighting in bullion, which provides him with some defence if there is a pullback. At the same time, he is still invested in high quality dividend paying equities. If the market goes up, his clients will be participating. If there is a correction, he is able to step in and do some selective buying. This is not an environment where you want to be sitting in 30%-40% cash. At the same time, it is a mistake to be overly bullish.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: _N/A
2017-03-14 N/A A Comment -- General Comments From an Expert
A Commentary
Kash Pashootan

Advantage of a US DRIP program? The benefit of a DRIP program is that you don’t have to do much thinking. The dividend comes in and buys you more shares, without having commissions. The negative is that you don’t necessarily want to invest those dividends back into the same company. By not using a DRIP program, it allows you to be more tactical.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: _N/A
2017-03-14 N/A A Comment -- General Comments From an Expert
A Commentary
Daniel Lloyd

Market. Valuations are pretty stretched. Getting policies passed through the US is going to be a lot more difficult than just "tweeting" about them. The political backdrop of Trump compared with the valuation of the market, he struggles to see how the market can go materially higher from here. To him, the market looks very, very expensive.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2017-03-14 COMMENT A Comment -- General Comments From an Expert
A Commentary
Daniel Lloyd

Oil. There has been a big shift to the downside in crude on the supply side, and there was confirmation that OPEC was pumping more oil than expected. He was stepping in on oil because today’s headlines read a lot worse than it really is. Saudi Arabia is still producing below where they need to be. The OPEC agreement is to be respected, and is very difficult to Short into it. It is the demand side of the equation that is really going to save this market. Demand numbers have been extraordinarily strong.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-14 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Daniel Lloyd

Banks or Lifecos? These have done incredibly well, particularly since the election and the whole reflation trade that rates are going to be moving higher. If he were forced to commit capital to one or the other, it would be banks. Lifecos are a little too sensitive to the yield curve, and the result could be that at some point we would get an inversion of the yield curve if the Fed continues to raise rates while long rates don’t necessarily go up. US banks are also quite a bit cheaper. He personally would not commit new capital to either at this time.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-03-14 TOP PICK Apple
AAPL-Q
Kash Pashootan

Although the stock has gone up considerably over 3-4 years, it is still not expensive, because the earnings growth has been there. Where can you buy a company that is trading at 15-16 times with the amount of cash on hand and this kind of a balance sheet. Dividend yield of 1.6%.  (Analysts’ price target is $145.)


Price: $138.990
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Yes
2017-03-14 BUY Algonquin Power & Utilities Corp
AQN-T
Kash Pashootan

Thinks the 5% dividend is safe. You have to look past the dividend and at the fundamentals of the business. Their business is 50% generation and 50% distribution. On the generation side, they continue to reinvest. On the distribution side, they continue to grow their customer base.


Price: $12.460
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Yes
2017-03-14 COMMENT Bank of America
BAC-N
Kash Pashootan

Rates are going up which is great for financials. The bad news is when you look at this over the last 52 weeks, it is up about 90%, so a lot of that is priced in. The big question is, how much of it is priced in. If you are light in US financials, this is one of the best ways to get exposure to rising rates. The interest margin will continue to skyrocket if interest rates stay where they are or continue to rise. Trading at about 15X, which is not cheap nor expensive. If buying at these levels with a 3-4 year hold, you will be fine. Dividend yield of 1.25%.


Price: $25.320
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Unknown
2017-03-14 COMMENT Badger Daylighting
BAD-T
Daniel Lloyd

This is not a bad business, and if you believe in a large fiscal stimulus structure spend in North America, this company would stand to benefit. He would rather own something in the engineering space.


Price: $30.460
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-14 COMMENT BCE Inc.
BCE-T
Kash Pashootan

This is a yield play completely. If looking for share price appreciation, there are better places for that. A great anchor within a portfolio. One of the lowest beta stocks on the TSX. Dividend yield of about 5%.


Price: $57.240
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Yes
2017-03-14 DON'T BUY Birchcliff Energy Ltd.
BIR-T
Daniel Lloyd

A Canadian natural gas focused producer. He is bearish on Canadian natural gas, so would want to avoid a name like this. The Canadian natural gas space is going to have problems competing with the US shale industry.


Price: $6.560
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-14 WAIT Boralex Inc.
BLX-T
Daniel Lloyd

Sold his holdings fairly recently. This has just been added to the TSX Composite, so there will be quite a bit of index investors buying the stock over the coming weeks. 19.9% of the company is owned by Cascades (CAS-T), and he gets the impression that we are in a target range where Cascades might actually sell that block, or at least a portion of it, so you may get an opportunity to buy this a little bit lower.


Price: $20.500
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
Showing 241 to 300 of 162,705 entries
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