Air Canada, Couche-Tard & More at 52-week Highs and Lows (Feb 6-12)

Target price? Great to own for the last 6 years, and one of the best-run airlines in the world. Great performance since late-December. You won't see the same upside this year, but AC remains attractive. It can keep growing by bringing its rewards program in house and using more efficient planes. You could see a…

He's impressed with Brookfield as a company. Long-term this is a sector that'll continue to attract bigger and bigger investors like pension funds. Their highway 407 continues to make them money. (David Cockfield)

It had a meteoric move. Speculative name at these levels. He likes the name and he got out at around 62. Maybe there is something there that he doesn't see. A quality name but he wouldn't be adding here. (Greg Newman)

(A Top Pick May 18/18, Up 17%) The industry continues to consolidate. It looks good going forward. They own dumps and needing dumps is a barrier to entry by new comers. (Robert McWhirter)

It's stronger than a few years before. They have innovative technology used in construction and design. They're big in healthcare and office design. The new managers must aim for less volatility and diversify their customer base, which he believes they are executing. Given their 30-40% growth rate and trading at 17x, this isn't expensive. Also,…

Always liked it. It's the best in class, dealing in the industrial space in Canadian cities. They have executed very well. They beat their last quarter and outperform the market. But it trades at a pricey 26x AFFO which gives him pause. It rents small office space that's attracting tech companies. This is in the…

Dream Industrial REIT vs. BPY Dream is a good asset in a good space with a decent valuation. He likes it, but he prefers BYP for its global focus and better long-term growth. BPY trades at a good valuation. He prefers BPY, but you can buy both. (Greg Newman)

Riocan vs. Choice Properties REITs Riocan is trying to change their mix and their development properties are doing well. You're fine with either REIT, both quality. Choice is stable, because of Loblaw. Both are good for income in the long run. (Christine Poole)

He does not know this one well. You need to understand debt, payout ratios and they could have difficulty down the road. (Stephen Groff)

(A Top Pick Dec 15/17, Up 4%) They are buying back their shares -- $265 million. The company still trades below book value and now the stock is starting to move higher. Growth projections are still on track. (Peter Hodson)

2020 looks promising with success in U.S> multi. (Greg Newman)

This is benefiting from the trend towards renting by the residential space. Canadians have not had good rental options provided by landlords offering real services to their tenants. (Joshua Varghese)

Doesn’t own this, primarily because the balance sheet is a little too highly leveraged for his liking. He worries about the sheer amount of debt they are carrying, which is being coupled with some soft fundamentals in the market they are in. He would prefer others. (Andy Nasr)

Wish he had owned this much earlier. Beautiful chart and dividend over 5%. They flattened then shares started lifting when interest rates looked less hawkish. It's been doing quite well. He just bought it after the new year. (Analysts’ price target is $10.14) (Mike S. Newton, CIM FCSI)

(Past Top Pick Sept. 29, 2017, Up 3%) The operate grocery-centred, easter nU.S. shopping malls. The big fear over Amazon buying Whole Foods is overdone; people will always want to buy groceries in person. For instance, grocery sales at Walmarts are holding their own. (Gavin Graham)

If you buy it today, it is getting acquired and you get some cash. It serves stock option plans. (Bruce Murray)

(A Top Pick Feb 12/18, Up 37%) A great Canadian business with American assets like California Closets. smartly, they make small tuck-in acqusitions that grow the business. Also, their property management business is an annuity because clients sig 3/4/5-year contracts that see inflationaty increases. They have no fixed assets, so they're capital-lite. Managers own a…

A very small REIT that has a very interesting business model. They were working with companies that go into industries, especially Alberta focused, to see if they needed financing. They would buy the buildings in exchange for a long-term lease. Considering what has happened to the Alberta economy, this is really not the place to…

They have been one of the best growth by acquisition company in Canada. It is leveraged but they have been buying $500 million every quarter. At this pace they will have lots of cash to play around with in 2-3 years. Convenience store purchases are uninterruptible. One of the better managed companies in Canada. (Chris…

Grocers got hit in the last quarter last year. There is high competition and the acquisition of Shoppers was good. However, the low yield holds him back from buying. Yield 2% (Ryan Bushell)

There is a good amount of leverage in this company. Run by 3G Capital. Lately there have been some questions with the cost cut business model that was implemented in Kraft Foods (same team). (Analysts’ price target is $69.43) (Chris Stuchberry)

(A Top Pick Feb 22/18, Up 23%) He bought at the right time; NWC has since benefitted from the rise in defensive stocks. It's a multi-year secular grower, insulated from competitors. NWC bought a small regional airline and have struggled to integrate it into their supply chain, and were hit hard in the Caribbean where…

(A Top Pick Mar 07/18, Up 20%) A core holding for him. They pay a good dividend. They've bought good assets in the States. They're geographically diversified, so are no longer 100% Canadian, but 50/50 with America. Good balance sheet. They raise dividends 6-7% annually. (Douglas Kee)

Is the dividend safe? Stable company. Their price to book is 2.41. (Above 3 is a red flag.) So, they can pay their dividend, yet acquire new projects.Their PE is 17. He hasn't seen any issues with PEGI. As long they keep earning those cash flows and pay that dividend, this is fine. (Tim Nash)

A lot of success is tied to Gaz Metro in Québec, but they also have some wind farms that have recently come online in the last year or 2, and giving good returns to the company. Recent earnings were solid and they raised the dividend by 3.7%, and plan to raise it 4% next year.…

Open Text vs CGI? The major difference is that one pays a dividend and one grows by acquisition. For these reasons he prefers OTEX-T for the 1.6% dividend. (Darren Sissons)

480 times PE. Sales growth grew 45% in a recent report. He thinks there are good opportunities for overall growth. (Robert McWhirter)

(A Top Pick Oct 18/19, Up 4%) Investors are appreciating the steady cash flow. Some day they will be an acquisition target. They have a great niche in the market. They have the ability to grow, although it is not a giant market. (Peter Hodson)

This has been the best performer in the portfolio. He has taken some money off the table. He expects it to continue to move. Good reserves and good production. A solid name. Yield = 0.35% (Analysts’ price target is $51.22) (Jaime Carrasco)

It's really hard to find a silver deposit, so that's probably why they moved away from silver operations. (Brent Cook)

An interesting one. Brazil. They have some high-grade veins that they have done some work on. They are drilling and it will prove it one way or the other. There will be lots of entry points coming up. (Brent Cook)

(A Top Pick Aug 31/18, Up 0.4%) Yields 2.15%. As he raised cash before seaonal volatility in September and October, he parked that cash here. As the market plunged, he was 50% cash in August. (Jon Vialoux)

We’ve all fallen in love with income investing because interest rates are so low, so everybody is looking afield for income. He would caution people to not just stick to Canada, but also look further afield. This ETF has done incredibly well. As interest rates have declined, there are some issues in terms of Cap…

You use this to park your cash. Not a long-term investment. This is for the short-term. Has very small price swings. If central banks raise rates, XSH will trend down. (David Cockfield)

Time to invest in the Utility Sector? The sector should do better than 2018 with the expectation of flat interest rates. If rates to up it will be negative for this space. He would prefer to own a select few strong companies, rather than a diluted ETF. The ETF yields about 4.6%. (Chris Stuchberry)

He called PIMCO about this. It is an expensive ETF, like 75 basis points. A global ETF. They can’t do less than 50% investment grade. Emerging markets there and high yield that he wouldn’t normally go to. But, it is PIMCO. He wouldn’t buy it for retirees’ clients. The Management team knows what is doing.…

ZJK-T vs. ZHY-T. High yield is a sexy name for junk bonds. They are the worst quality bonds. In a downturn these companies will not be able to pay back their bond holders first. If equities fall 20%, high yield bonds fall 13%. There is more risk for a portfolio. (Larry Berman CFA, CMT, CTA)

He bought the bonds over the years. He used to own the stock. They were playing catch-up when they developed their wireless market. They still have to reinvest a lot of money into their network. The easy money has been made. They are limited in their market in Quebec. (Stephen Takacsy, B. Eng, MBA)

He does not like this name. He is worried about its balance sheet and value. It makes sense to own Tel Co’s in a portfolio, but there are better names to own. It is trading at a 37 X P/E. He does not expect much growth in this name. (Rob Tetrault)

Shale gas in the US. A spin out from Bankers Petroleum (BNK-T). There is a lot of potential excitement but it just doesn't have the same management quality team. Just too risky in the market at this point. (Peter Hodson)

A market darling for a few years. When things went difficult in the oil patch they didn't react fast enough. They are still a big oil producer. There is a lot of uncertainty in that regard. A $100 oil seems to be a far away dream now. Stable but what is the catalyst for this…

He stayed away because they went to the states to make acquisitions.  He did not know why the Americans would not already take these assets.  He stays away from it. (Robert Lauzon)

(A Top Pick Nov 15/18, Down 4%) This was caught on the oil downwave, but it hasn't seen the pick-up in oil like, say, Suncor. A big trucking group in oil. It's trading at very depressed levels. Still likes it. (Andrew Pyle)

BBI-X is the old ticker. The merger involves a 10 for 1 split. PIPE-X shows a couple of weeks of trading and that is what to go by. They are coming on with new production facilities soon. By the end of the year, they will go to 10 times that. He thinks it is cheap…

Sees no change to the dividend theory. The 3 Irish business millionaires actually control the company and are holding it long-term for the dividends. The company has some costs going on disadvantaging it. The diamond sector itself has not produced really stellar performance. This is a “wait and see”. (Michael Smedley)

They are ramping up a lithium operation in Quebec using a novel process, so there is execution risk. Their project is over budget by $270 Million. They used debt financing. They will either dilute share price or sell part of the project. They initiated a strategic review and what is best for shareholders is that…

It looks interesting, but is too small for his funds. It has under-performed for the past few years. They are in the right place at the right time, but we need to see some good drill results soon. (Peter Imhof)

(A Top Pick May 15/18, Down 61%) A small-cap. They did some interesting deals that he liked, including a big phosphate mine off Agrium before their merger--the stock did well for a while. But their Brazil plant ran into trouble. If it is fixed, then it'll be fine.. It's a small-cap with a good balance…

He covers the stock and owns it.  The business is doing well.  They are a leader in their space.  There was a big investor out of China that fell on hard times and has had to sell shares.  It may be poised for a turnaround. (Fabrice Taylor)

Has an old mine outside of Los Angeles that was run in the 1930s. Closed down during the Second World War and they are doing open pit mining in the area. Has some issues, but at these gold prices, it will probably start to work again. Under followed. Highly speculative. (Robert Cohen B.A.Sc., MBA, CFA)

Biofuel. Canada has an incredible forestry industry with a huge emphasis on planting trees. PL takes wood waste like sawdust and turns it into energy. This fuel can replace coal that is also carbon-neutral. (Tim Nash)

A good way to play gold? The short answer is Yes. This is a multi faceted organization and have several different business lines. If you see continued growth in gold and silver, you are going to get the combination of higher market values for gold, and as a result, higher NAVs. Also, it will attract…

The strategy to build into block chain in Korea and bring it back to Canada could be a good one – not knowing the exact specifics.  You want exposure to the big players and you know it will become material when the chartered banks have departments now focusing on the new payment technology.   (Bruce…

A play that could be triple / quadruple.  Optical chips for next, next generation.  100 Gig data rates.  High risk. (John Zechner)

Where you talk about a bear or bull ETF that is levered, they have no future.  You are supposed to trade them on a day to day basis or possible a weekly basis.  They are guaranteed to lose over the long term because of the way the gains are translated over night.  These are a…

A Levearge ETF.  He advised to steer clear of these kinds of investment.  They are trading vehicles the are intended to be watched daily. D (Daniel Straus)