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Stocks In The News

Daily Market Highlights

Slack prepares IPO
25/Apr
Slack prepares IPO
Walt Disney
25/Apr
Walt Disney new beginning starts with Endgame
Microsoft
25/Apr
Microsoft sales top estimates
Facebook
25/Apr
Facebook beats profit estimates
Nokia
25/Apr
Nokia shares plunge

Latest Stock Opinions and Top Picks from Market Call Guests

Thu
Apr 25
NORTH AMERICAN
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BIG WIN
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Thu
Apr 25
GLOBAL EQUITIES & TECHNOLOGY
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BIG WIN
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HORIZON
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Wed
Apr 24
NORTH AMERICAN DIVIDENDS
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Today's Market Outlook

Thu
Apr 25
Speed of US national debt increasing. It's been said that US growth rate has outpaced others. Economy is growing at 2-3%, but the deficit is increasing at 7%. For any other country, the currency would be down 20%. Decent growth, good corporate earnings, but the debt issue is lingering. The only reason they're growing is because of their debt. Tougher to grow late cycle. Not a massive red flag right now, but eventual result will be a lower US dollar. Bid to the US because Europe has been tough for so long.
Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 25, 2019
Back end of slowing US housing market. He owns Western Forest Products (WEF), which has high-end finishes, and selling into Asia, so demand on pricing is better; almost 4.5% dividend; small debt vs. cash. Whereas Canfor is cyclically linked, so you don't want to own it at this point in the cycle. Costs are up, so margins are squeezed. Wouldn't be looking at these levels.
Canfor Corp (CFP-T)
April 25, 2019
Back end of slowing US housing market. He owns Western Forest Products (WEF), which has high-end finishes, and selling into Asia, so demand on pricing is better; almost 4.5% dividend; small debt vs. cash. Whereas Canfor is cyclically linked, so you don't want to own it at this point in the cycle. Costs are up, so margins are squeezed. Wouldn't be looking at these levels.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$13.300
Owned
No
HOLD
HOLD
April 25, 2019
For longer term, if you hold it, not a bad time to be averaging down. Need strong rebound in US housing market to get material lift from here. But don't put new money in.
Norbord Inc (OSB-T)
April 25, 2019
For longer term, if you hold it, not a bad time to be averaging down. Need strong rebound in US housing market to get material lift from here. But don't put new money in.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$31.850
Owned
Unknown
DON'T BUY
DON'T BUY
April 25, 2019
Issue is the short report, though this has been resolved. Issue in general with insurers is they have difficult time making money in low interest rate environment. Trying to grow in Asia. Not expensive, and over 4% dividend yield. Hard to see where sustainable growth will come going forward. Good dividend yield and a bit of growth over time, but not an exciting growth story. It'll be stuck in the 20s.
Issue is the short report, though this has been resolved. Issue in general with insurers is they have difficult time making money in low interest rate environment. Trying to grow in Asia. Not expensive, and over 4% dividend yield. Hard to see where sustainable growth will come going forward. Good dividend yield and a bit of growth over time, but not an exciting growth story. It'll be stuck in the 20s.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$24.450
Owned
No
DON'T BUY
DON'T BUY
April 25, 2019
Sector has faced headwinds. What does growth in e-cigarettes mean for growth? Getting a dividend yield of 4-5%. Wouldn't buy here. Likes Molson-Coors better, it's been washed out, 3% dividend, room for growth.
Sector has faced headwinds. What does growth in e-cigarettes mean for growth? Getting a dividend yield of 4-5%. Wouldn't buy here. Likes Molson-Coors better, it's been washed out, 3% dividend, room for growth.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$83.590
Owned
No
COMMENT
COMMENT
April 25, 2019
Own debt rather than the stock. Acquisition from 2016-17 got delayed, too much debt, management changes. Core focus has to be on what core assets are in US. Not top of his list in the space. Have to get the debt down and sell assets. For dividend investors, it's at an OK level.
Altagas Ltd (ALA-T)
April 25, 2019
Own debt rather than the stock. Acquisition from 2016-17 got delayed, too much debt, management changes. Core focus has to be on what core assets are in US. Not top of his list in the space. Have to get the debt down and sell assets. For dividend investors, it's at an OK level.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$17.730
Owned
No
WAIT
WAIT
April 25, 2019
Merger made sense. Over short term, difficult weather environment in US, so growing season will be under pressure. Bounced back nicely since December. Trading about 7x EBITDA, so not expensive, but he'd be looking to buy lower. Well run.
Nutrien Ltd. (NTR-T)
April 25, 2019
Merger made sense. Over short term, difficult weather environment in US, so growing season will be under pressure. Bounced back nicely since December. Trading about 7x EBITDA, so not expensive, but he'd be looking to buy lower. Well run.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$71.860
Owned
No
DON'T BUY
DON'T BUY
April 25, 2019
Numbers last quarter weren't the greatest. Lots of debt. Media and telco space in US has a lot going on, very competitive. Trying to find a way to monetize the distribution. Prefers BCE, which operates in the much safer business environment in Canada, and has a good dividend of 5%.
AT&T (T-N)
April 25, 2019
Numbers last quarter weren't the greatest. Lots of debt. Media and telco space in US has a lot going on, very competitive. Trying to find a way to monetize the distribution. Prefers BCE, which operates in the much safer business environment in Canada, and has a good dividend of 5%.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$30.340
Owned
No
WEAK BUY
WEAK BUY
April 25, 2019
Had been on a really good run, but then the differentials ran out a year ago. Went from a sleepy name, to one with really attractive assets which boosted the stock. Could grow incrementally, with some small M&A. Not expensive. It's at an attractive level, and he wouldn't be against buying it here, though he doesn't have room for it in his portfolio.
Had been on a really good run, but then the differentials ran out a year ago. Went from a sleepy name, to one with really attractive assets which boosted the stock. Could grow incrementally, with some small M&A. Not expensive. It's at an attractive level, and he wouldn't be against buying it here, though he doesn't have room for it in his portfolio.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$41.560
Owned
No
PAST TOP PICK
PAST TOP PICK
April 25, 2019
(A Top Pick Aug 17/18, Up 2%) Still likes. Recent acquisition about a month ago. E-commerce friendly space. Good way for Canadian investors to get access to US industrial space. Good institutional partners. Yield just over 5%.
(A Top Pick Aug 17/18, Up 2%) Still likes. Recent acquisition about a month ago. E-commerce friendly space. Good way for Canadian investors to get access to US industrial space. Good institutional partners. Yield just over 5%.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$13.710
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 25, 2019
(A Top Pick Aug 17/18, Up 31%) Thesis of great investments in the business, de-leveraged, great growth internationally. Sold out about 2 months ago, having met his return targets. Over next few years, estimates are a bit aggressive, and airlines can be fickle.
Air Canada (AC-T)
April 25, 2019
(A Top Pick Aug 17/18, Up 31%) Thesis of great investments in the business, de-leveraged, great growth internationally. Sold out about 2 months ago, having met his return targets. Over next few years, estimates are a bit aggressive, and airlines can be fickle.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$32.060
Owned
No