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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
2017-08-11 HOLD Apple
AAPL-Q
Darren Sissons

The challenge is the law of large numbers. How can you continue to grow at the right component where the market has priced earnings growth moving forward? People talk about the extra cash, but if they could do something about the cash they would have done it. A lot of it is invested in tier 1 bank capital, propping up a lot of the banking system. Until there is a next product, they have to find upgrade cycles.


Price: $157.480
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Unknown
2017-08-11 COMMENT Air Canada
AC-T
David Cockfield

He’s been in business a long time and has seen a number of airlines disappear, so is very nervous about investing in them. When fuel costs are low and the economy is doing okay, airlines do well, but if things turn a little negative they are one of the first ones to suffer.


Price: $22.110
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: No
2017-08-11 COMMENT Altagas Ltd
ALA-T
David Cockfield

Their big problem was the Washington acquisition. The Washington utility is well established with their facilities on the east coast. Altagas facilities are all on the West Coast, and is quite a different kind of utility. Just too big a change for him. Dividend yield of 7.5%.


Price: $27.870
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: No
2017-08-11 COMMENT Algonquin Power & Utilities Corp
AQN-T
David Cockfield

One of the smaller utilities, which he thinks means it could be taken out by one of the bigger ones. In the meantime, they have a good mix of energy producers. They are into the water side in the US as well as biotech. Dividend yield of about 4.5%.


Price: $13.310
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Yes
2017-08-11 TOP PICK Algonquin Power & Utilities Corp
AQN-T
Darren Sissons

With the overlay of clients that need yield and to get a yield that is growing in a rising interest rate environment, this is one of the few utilities that has the ability to grow its dividend, and has a fairly safe growth path. Dividend yield of 4.4%. (Analysts’ price target is $15.)


Price: $13.310
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 COMMENT Alibaba Group Holding
BABA-N
Darren Sissons

Population density lends itself very closely to local delivery, and this company does a very good job of that. It has a very big captive audience and a very good business model. He likes the concept and feels the business model is sustainable. However, he struggles with the valuation. It is very rich. There are concerns with the governments aspects, and disclosure is not as great as it could be. Until he sees some kind of correction in the stock, it is one he would not buy.


Price: $151.700
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: No
2017-08-11 COMMENT Bank of America
BAC-N
Darren Sissons

The Trump regime is potentially looking at rolling back the punitive Dodd-Franks act. Because of that, this bank is probably going to do quite well.


Price: $23.860
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 BUY Brookfield Asset Management (A)
BAM.A-T
Darren Sissons

A very complicated business. It is contractually driven. They build the company based on accumulating assets from institutional investors. The stock has been a fabulous performer. He thinks there is more upside.


Price: $48.530
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 COMMENT BB&T Corp.
BBT-N
Darren Sissons

Under the Obama government, the banks preferred were the regionals because of the regulatory glare, which was much more negative, on the money centred banks.


Price: $46.310
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 BUY on WEAKNESS BCE Inc.
BCE-T
David Cockfield

He considers this as a core stock, 3%-4% and you might get up to 5%. Throws off a very predictable dividend. This is definitely a Buy under $57, and even under $58 you could pick away at it. You are buying this for the dividend. Dividend yield of 5%.


Price: $58.600
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Yes
2017-08-11 TOP PICK Bank of Nova Scotia
BNS-T
David Cockfield

Everybody should own one of the Canadian banks. There is some volatility, but this has the offshore Hispanic exposure in Central and South America, areas that are doing quite well economically. Dividend yield of 3.9%. (Analysts’ price target is $86.)


Price: $76.650
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Yes
2017-08-11 BUY Bank of Nova Scotia
BNS-T
Darren Sissons

He likes this for its international exposure. It has been a great rewarder to shareholders over time.


Price: $76.650
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 HOLD Baytex Energy Corp
BTE-T
David Cockfield

There is a lot of misinformation on oil investment. People think oil fields continue to pump oil regardless. This is a diminishing resource, so if you don’t spend the money up front for exploration and well development, production declines. Inventories in the US are declining, and the money hasn’t been spent upfront. Often, it’s 1 or 2 years of money spent to develop the necessary resources, and it actually returns as production. We may be facing a situation where we are more short of oil than we think.


Price: $3.310
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Yes
2017-08-11 COMMENT Facebook
FB-Q
Darren Sissons

He could never understand why people pay an increasing amount of money for a desktop or an iPhone advert when they are not going to ultimately buy the product. The stock has done fabulously well and people have made a lot of money, but he doesn’t understand the business model beyond it being just a great advertising story.


Price: $168.080
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: No
2017-08-11 BUY Fortis Inc.
FTS-T
David Cockfield

Has been under some pressure as the market anticipates rising interest rates. Thinks the market is overreacting and interest rates are going to stay relatively low, because inflation is not rearing its head. On that basis, it is probably not a bad Buy in this range. Well run, and one of the more growth oriented utilities. You should be buying this for the safe dividend.


Price: $45.920
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Unknown
2017-08-11 TOP PICK General Electric
GE-N
Darren Sissons

After the global financial crisis, they went through a process of selling off their assets. When you start divesting assets, it generates a lot of cash flow, and that attracts a lot of interest. Investors flocked to the company and did very well. For the last little while, they had some problems with 2 of the industrial businesses. One was the power business and energy is not doing very well. However, the aviation business is fairly solid and the healthcare business has also done well. If we believe that we are going to get a recovery in the energy sector, and the increasing demand for electricity and power is going to continue, those businesses will right themselves. Dividend yield of 3.7%. (Analysts’ price target is $30.)


Price: $25.200
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 BUY CGI Group (A)
GIB.A-T
Darren Sissons

Open Text (OTEX-T) or CGI Group (GIB.A-T)? These are in different businesses. This one does not carry a dividend, and if you don’t have a requirement for that, this is a high-quality company. Both are good companies and he would have no trouble buying them here.


Price: $62.890
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Unknown
2017-08-11 BUY on WEAKNESS Corning Inc
GLW-N
Darren Sissons

A very flat revenue line relative to most technology companies. The reason is that most of the volatility in earnings comes via joint ventures. The joint ventures, in many cases, is 50-50, where they own less than 51%. By owning less than 51%, it comes as an equity earning, so you need to look at the equity line. He feels this is very expensive. The US$ is making it a little cheaper.


Price: $28.980
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: No
2017-08-11 COMMENT HSBC Holdings P L C
HSBC-N
Darren Sissons

If looking at European banks, Banco Santander (SAN-N) or HSBC Holdings (HSBC-N) are two that he would consider.


Price: $47.770
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: No
2017-08-11 PAST TOP PICK iShares N.A. Technology ETF
IGM-N
David Cockfield

(A Top Pick Aug 12/16. Up 24.92%.) He still likes technology. It recently sold back very smartly, because of currency. If you want to get into technology that you can’t find in Canada, this is a nice way to do it.


Price: $149.120
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Yes
2017-08-11 PAST TOP PICK Infosys Technologies Ltd.
INFY-N
Darren Sissons

(A Top Pick July 7/17. Down 0.95%.) If you ignore the last year or so, the stock had a fabulous run for about 15 years with double digit growth rates. Over a 3-5 year timeframe, he expects there will be a $2 billion share buyback announced, and the dividend should get increased. He is still buying this for clients.


Price: $15.490
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 PAST TOP PICK Inter Pipeline
IPL-T
David Cockfield

(A Top Pick Aug 12/16. Down 9.73%.) This was really bought for the dividend. He considers this as a utility. It’s in Alberta and doesn’t have the political problems that TransCanada (TRP-T) or Enbridge (ENB-T) has of an out of province pipeline. He is still buying this. Dividend yield of 6.8%.


Price: $23.220
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Yes
2017-08-11 WAIT Loblaw Companies Ltd
L-T
David Cockfield

He is always neutral on this. A good place to be after the stock has corrected, and thinks it can correct some more. He can’t see any reason why this would take off. It’s a tough business, but they are well-established.


Price: $67.980
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Unknown
2017-08-11 DON'T BUY Lloyds TSB Group PLC
LYG-N
Darren Sissons

There are a couple of things to think about. First of all, you’ve got BREXIT risk. The pound took a nasty drop 3 or 4 months ago. From a Cdn$ point of view that would have been a great opportunity. Right now, the pound has strengthened quite a bit and he doesn’t see this bank as an opportunity.


Price: $3.400
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Unknown
2017-08-11 COMMENT Manulife Financial
MFC-T
David Cockfield

Not his favourite company. It is difficult to project what their next quarterly earnings are going to be. His big concern is where their growth is coming from. He isn’t a positive investor in the far east. Prefers Sun Life (SLF-T) because it is mainly North American/Europe.


Price: $24.880
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: No
2017-08-11 PAST TOP PICK Nestles
NSRGY-OTC
Darren Sissons

(A Top Pick July 7/17. Down 3.28%.) In the last year or so this has had quite a few transformative events. They put a new CEO in place, the first Nestlé non-insider sincerely 1900s. He is getting rid of some sacred cows. He is also looking to make working capital more efficient. This is a long-term story.


Price: $0.001
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 DON'T BUY Nvidia Corp
NVDA-Q
Darren Sissons

His view on the whole technology space is that the market is effectively pricing in the loss of cyclicality for semiconductor stocks. The technical chart is showing it going straight up and to the right. The market is not appreciating that semiconductor stocks are very cyclical and that China is building out a major industry and more supplies are going to come on stream. We need to see a correction in this space.


Price: $155.960
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Unknown
2017-08-11 BUY on WEAKNESS Open Text
OTEX-T
Darren Sissons

Open Text (OTEX-T) or CGI Group (GIB.A-T)? These are in different businesses. The New CEO on this has to pay more for acquisitions because they are bigger, which is needed to move the needle. Because of this, the company now carries more debt. They have a dividend, which CGI does not. He likes the company here, but if you can get it a little lower it would be alright. Periodically this stumbles, and you can pick it up.


Price: $40.460
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Unknown
2017-08-11 HOLD Parkland Fuel Corp
PKI-T
David Cockfield

Sold his position when he was concerned that their acquisitions were pretty big bites, creating a lot of debt. However, the company is well-run. He likes their business. A well-run company. He is watching this. Dividend yield of about 4.5%.


Price: $25.700
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: No
2017-08-11 COMMENT Qualcomm
QCOM-Q
Darren Sissons

Revenues have escalated nicely, but earnings over the years has been very volatile. Although revenues are rising higher, there is significant volatility in earnings and margins keep changing. The biggest overhang is their litigious battle with Apple (AAPL-Q). Until that goes away, the overhang on the stock is going to be such that the stock could go lower or could go higher. Thinks they could ultimately sell, but it is definitely an overhang. He can’t see any upward catalyst and you just have to wait.


Price: $52.720
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Unknown
2017-08-11 COMMENT Banco Santander SA
SAN-N
Darren Sissons

If looking at European banks, Banco Santander (SAN-N) or HSBC Holdings (HSBC-N) are two that he would consider.


Price: $6.470
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: No
2017-08-11 TOP PICK Shopify Inc.
SHOP-T
David Cockfield

Quarterly results came out and the stock has been going sideways. Had an 86% increase in 2nd quarter revenues. Still not earning any money, but they seem to have a big opportunity in the market. There is lots of room in the market they are operating in, to expand their services. If you want something that is risky, but has lots of potential upside, this is a stock for you. (Analysts’ price target is $151.)


Price: $116.390
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Yes
2017-08-11 TOP PICK SNC-Lavalin Group Inc.
SNC-T
David Cockfield

Thinks this is a sleeper. It sort of got through its bribery problems. The kind of stock that should do well in a growth environment. There was a lot of hope that the US Trump expansion was going to get into place. It hasn’t, but there is probably still good opportunity in the future. Dividend yield of 2%. (Analysts’ price target is $68.)


Price: $52.770
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Yes
2017-08-11 PAST TOP PICK SNC-Lavalin Group Inc.
SNC-T
Darren Sissons

(A Top Pick July 7/17. Down 7.02%.) If you look back to the bribery scandal, the stock didn’t really do too much. Oil and gas is still a drag, but it is for most companies that have energy exposure. That will correct itself over time.


Price: $52.770
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 DON'T BUY Spark New Zealand Ltd (ADR)
SPKKY-5
Darren Sissons

This used to be New Zealand Telecom. At the moment, New Zealand currency is relatively high. The challenge is that there could be a decline in currency in the next 1 to 2 years. It is like Bell Canada (BCE-T) without the wireless component. You’re going to get some growth as well as a big footprint in the New Zealand economy. He would pass on this at the moment.


Price: $0.000
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Unknown
2017-08-11 BUY Toronto Dominion
TD-T
Darren Sissons

This has its wealth component which he likes. It has been a great rewarder to shareholders over time.


Price: $63.560
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 DON'T BUY Teva Pharmaceutical
TEVA-N
Darren Sissons

A very complicated business. It is contractually driven. They build the company based on accumulating assets from institutional investors. The stock has been a fabulous performer. He thinks there is more upside.


Price: $17.300
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: No
2017-08-11 COMMENT Vodafone Group PLC
VOD-Q
Darren Sissons

The market has mistakenly perceived this as a UK company, but most of their earnings come from outside the UK. Their biggest market is actually Germany. There have been a number of recent developments. They have pushed the Indian assets into an ID cellular, which enabled them to de-consolidate some debt. All of that has happened at the same time where the Europeans have now pushed the fibre to the home, and it is a 1st time we are seeing revenue growth for European telcos for the last 15 years. He thinks there is more upside.


Price: $29.000
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 WAIT Valeant Pharmaceuticals
VRX-T
David Cockfield

Doing a pretty good job, but his view is that fallen angels are stocks you stay away from. This is going to take at least 6-9 months to build a base. They have to reduce the debt more, so it is more of a sideways situation. After it finishes its base building, have a hard look and see what their product mix looks like, and then step in.


Price: $17.590
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Unknown
2017-08-11 COMMENT SPDR Technology ETF
XLK-N
Darren Sissons

If you’ve owned this for a long period of time, you’ve done really, really well. If you look at the composition #1 is Apple, which has had a great run this year. The market is expecting high growth this year from these stocks. Given the lofty valuations on these stocks, he chose to cut his holdings in half. He wouldn’t add any fresh positions.


Price: $57.100
Subject: GLOBAL EQUITIES & TECHNOLOGY
Bias: UNKNOWN
Owned: Yes
2017-08-11 PAST TOP PICK BMO MSCI Europe High Quality
ZEQ-T
David Cockfield

(A Top Pick Aug 12/16. Up 8%.) This has done all right, but it did better in the past. There is some concern right now in that it has a fair amount of UK content. BREXIT has confused the picture. He is now looking at other European ETF’s.


Price: $19.510
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Yes
2017-08-11 BUY BMO US High Dividend Covered Call ETF
ZWH-T
David Cockfield

He likes this. One of the major reasons is the US$ taking a hit, and the ETF dropping like a rock. It has bounced, and thinks it is going to go back up. Very safe. Has an excellent yield.


Price: $19.520
Subject: CANADIAN & ETF's
Bias: CAUTIOUS
Owned: Yes
2017-08-10 N/A A Comment -- General Comments From an Expert
A Commentary
Robert Lauzon

Markets.  We could well see a pause in stocks.  Typically August, September or October you have a check back.  One out of 10 leads to something worse like a recession, but he does not see us close to that.  We are due for a 5% pullback.  Something will always cause sellers to come out of the woodwork and we are due for that.  Oil moved back a little.  If it goes above $50 something will be done to pull it back.  The US$ is helping commodities, with it having come off a little.


Price: $0.020
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: _N/A
2017-08-10 N/A A Comment -- General Comments From an Expert
A Commentary
Jennifer Radman

Market. The problems between Trump and the North Koreans has certainly caused problems, which the market doesn’t like. However, we also have to remember that we are just coming off an all-time high in the US market. That, in itself, is a pretty good indicator for markets. The market has gone up so much, that investors are questioning if it is coming off. It is hard to take the headlines and say it is going to derail the markets. It has been a decent earnings season. Given where valuations are, and where global growth is, it is hard if taking a passive strategy. That is not going to work. She runs focus portfolios of 15-25 stocks, which is the way to go. Just having broad market exposure is not going to work for you going forward. Feels people are way overdiversified. Diversification is good, but you don’t want to be where people are today. She focuses on companies that have strong catalysts, where ebbs and flows of the market don’t seem to affect them as much.


Price: $0.020
Subject: US LARGE
Bias: UNKNOWN
Owned: _N/A
2017-08-10 HOLD Altagas Ltd
ALA-T
Robert Lauzon

The acquisition 6 months ago was won in the US against potentially many US competitors, and this is a concern because  why did they win this business.  They are going into areas where perhaps Trump wakes up with Tweets against Canadian takeovers of US companies.  You will not get certainty of the success of approvals on this for another year.  You could go to another company where you can get certainty going forward.  This one will be under pressure until the deal is done.  The sub-receipts are the way to play it because there is a guaranteed payment if the deal does not go up, but you get it converted to stock if it does.


Price: $28.030
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: Unknown
2017-08-10 COMMENT Activision Blizzard
ATVI-Q
Jennifer Radman

Videogame maker with a lot of titles in games that people really want to play. There are some very favourable trends. Gaming is huge and growing. People like spending their money there. Even on what they call “End Game Purchases” where you have to spend money to go to the next level, it is amazing how much revenue is generated. You are dealing with consumer preferences which can change quickly, so she stays away.


Price: $60.210
Subject: US LARGE
Bias: UNKNOWN
Owned: No
2017-08-10 PAST TOP PICK Bank of America
BAC-N
Robert Lauzon

(Top Pick Nov 1/16, Up 48%)  The banks are still pretty cheap and there are catalysts still to come:  Deregulations and repatriation of cash.  It is still one of his major holdings.  You are going to see dividend bumps and buybacks in the US banks.


Price: $24.120
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: Yes
2017-08-10 PAST TOP PICK Bristol Myers Squibb
BMY-N
Robert Lauzon

(Top Pick Nov 1/16, Up 15%)  They had a step back last year on their lung cancer drug.  He is still a major holder.


Price: $56.590
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: Yes
2017-08-10 TOP PICK Bristol Myers Squibb
BMY-N
Robert Lauzon

It represents tremendous value for patient investors.  Over 3-4 years there is tremendous value in the pipeline of drugs.  They have the best franchise.  There are activists involved.  It could be an M&A target.  (Analysts’ target: $58.00).


Price: $56.590
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: Yes
2017-08-10 PARTIAL BUY Brookfield Property Partners
BPY.UN-T
Robert Lauzon

It is probably one of the larger weights in his REIT portfolios.  It trades at a 25% discount to NAV.  You get a lot of exposure to diversity in businesses.  Private equity operators see potential for redevelopment of struggling malls in the future.  He would nibble at it here.


Price: $30.090
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: Yes
2017-08-10 TOP PICK Blackstone Group LP
BX-N
Robert Lauzon

They are launching infrastructure and real estate funds.  They have done a great job of gathering assets.  They have also had the ability of disposing of assets they bought previously through IPOs.  They are able to pay out a lot of their cash as a high level of distribution.  (Analysts’ target: $38.00).


Price: $32.300
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: Yes
2017-08-10 COMMENT CitiGroup
C-N
Jennifer Radman

Which US bank do you like the best? This is the one she owns, so is the one she picks. The huge story on the banks is the capital return. They’ve been making a lot of money, but haven’t been able to pay it out. Capital ratios have been improving, and now they’ve been given the green light to give it back. This bank had an analysts’ day, the first one in 9 years, meaning they probably had something to say. They have pretty aggressive plans. Got rid of a lot of assets that don’t make sense, and focused on what they feel they can be really good at. Set some pretty good targets for their EPS number going out to 2019-2020. Some of that is improvements within the business. They are one of the most overcapitalized banks with the most to give back to shareholders.


Price: $67.220
Subject: US LARGE
Bias: UNKNOWN
Owned: Yes
2017-08-10 DON'T BUY Cameco Corporation
CCO-T
Robert Lauzon

The Japan accident took off a lot of demand for Uranium.  There has been a surplus of uranium out there from nuclear weapon dismantling and low cost countries’ production.  He sees the price of uranium more neutral over the next 6 months.


Price: $12.320
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: Unknown
2017-08-10 TOP PICK Cardinal Energy Ltd
CJ-T
Robert Lauzon

They did an acquisition, which was the right thing for them to do.  They needed to get more light oil.  They got bigger, lighter and got more drilling locations.  Energy is out of favour.  The underwriters judged the market incorrectly.  Given how much the stock has pulled back, he sees tremendous value here.  It has a 10% dividend.  If oil gets above $50 you have a lot of torque and there has been a lot of insider buying in the last few days.  (Analysts’ target: $7.00).


Price: $3.910
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: Yes
2017-08-10 COMMENT Cisco
CSCO-Q
Jennifer Radman

Facing some structural challenges with a couple of their businesses. They are trying to switch. When having conversations with clients, it’s not “do you want to buy some switches”, “do you want to buy some routers”, it’s “what are your issues and let’s see how we can solve them” and bundling it into more of a service type of contract. This goes to recurring revenues and higher margins, etc. Feels that concerns have eased over the last couple of years. Every year they keep executing on their strategy, and it is going to get better and better. As we go down the road, we’ll see a higher multiple on the stock.


Price: $31.000
Subject: US LARGE
Bias: UNKNOWN
Owned: Unknown
2017-08-10 BUY on WEAKNESS CSX Corp
CSX-Q
Robert Lauzon

There has been new management bought in to bring down operating ratios.  He likes it and would let it pull back a little more before buying it.  $45-$46 would be a better entry point.  He likes the steady US economy.


Price: $49.840
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: No
2017-08-10 COMMENT Cognizant Technology Solutions Corp.
CTSH-Q
Jennifer Radman

She sees a lot of good, long term, secular drivers. As technology permeates every business and every industry, these are the guys that come in and explain how a company can use technology. Historically, this was just on the expense side and how to get more efficient, but now use technology to generate revenue. This has been big on the financial services side with banking, insurance and healthcare. In the last year or so, there has been a lull in that kind of spending, but that has come back. An activist shareholder came in and put some nice targets out. The company has been executing well, and they still have a lot of room to run on some of their targets.


Price: $70.010
Subject: US LARGE
Bias: UNKNOWN
Owned: Yes
2017-08-10 COMMENT Walt Disney
DIS-N
Jennifer Radman

The whole space has struggled because of changing consumer preferences. The number of people actually watching TV and networks has been trending down. ESPN was their crown jewel, and is now showing that it is not totally immune to the trends. They are starting to take some pretty aggressive actions to get content to people in different ways. They’ve withdrawn their material from Netflix, and will be starting their own streaming service, which has a huge amount of uncertainty. Trades at a premium to the rest of the group, so she would rather just sit and watch the story play out.


Price: $101.350
Subject: US LARGE
Bias: UNKNOWN
Owned: No
2017-08-10 COMMENT Facebook
FB-Q
Jennifer Radman

The good thing is that globally, people are using it. For her, it goes back to “these are consumers”, and what happens when the next thing comes around, or if people decide they want to do other things instead of sitting in front of their screens. She has seen over and over again how quickly trends can shift. Too unpredictable for her.


Price: $167.400
Subject: US LARGE
Bias: UNKNOWN
Owned: Unknown
2017-08-10 WEAK BUY Freehold Royalties
FRU-T
Robert Lauzon

WCP vs. FRU-T.  He prefers Freehold.  It is a safer way to play energy in these times.  They put a great quarter out last night, raised their dividend.  If oil went to $55-$60 you would make more money in WCP-T.  FRU-T has a low payout ratio.


Price: $14.160
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: Yes
Showing 241 to 300 of 167,465 entries
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