Opinions by Norman Levine | StockChase
4418
Norman Levine

Managing Director

ON STOCKCHASE SINCE Feb 2001

Portfolio Management Corp

http://www.portfoliomanagement.ca/welcome.html

4418
Norman Levine

Managing Director

ON STOCKCHASE SINCE Feb 2001

Portfolio Management Corp

http://www.portfoliomanagement.ca/welcome.html


Opinions by Norman Levine


Signal Opinion Expert Chart
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General Market Comment 

December 28, 2017

Market.  The TSX hitting a high is a relative thing compared to the rest of the world.  Weed stocks are not stocks he has invested in for his clients because it is a business that is in its infancy in Canada.  No one knows what it will look like in 2, 5 or 10 years.  He does not know who the survivors will be, the winners, etc.  Lots of money managers have not invested in these stocks.  Most companies are getting in the beginning into the medical marijuana business.  It is not based on science like regular drugs.  There is not a good substitute to use as a bind placebo.  You don’t know how much of the product will come from private grow-ops where it is not taxed.

Market.  The TSX hitting a high is a relative thing compared to the rest of the world.  Weed stocks are not stocks he has invested in for his clients because it is a business that is in its infancy in Canada.  No one knows what it will look like in 2, 5 or 10 years.  He does not know who the survivors will be, the winners, etc.  Lots of money managers have not invested in these stocks.  Most companies are getting in the beginning into the medical marijuana business.  It is not based on science like regular drugs.  There is not a good substitute to use as a bind placebo.  You don’t know how much of the product will come from private grow-ops where it is not taxed.

Unknown
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$0.020
Owned Owned
_N/A

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BUY
General Market Comment 

December 28, 2017

US Bank Recommendation.  He favors US over Canadian banks right now.  See his Top Picks today.  A second one is BKU-N.  It is based in Florida.  It is mostly commercial and real estate loans.  It is well run and has a great future ahead of it.

US Bank Recommendation.  He favors US over Canadian banks right now.  See his Top Picks today.  A second one is BKU-N.  It is based in Florida.  It is mostly commercial and real estate loans.  It is well run and has a great future ahead of it.

Unknown
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$0.020
Owned Owned
Yes

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HOLD
General Market Comment 

December 28, 2017

Utility Stocks.  See his Top Picks today.  Every portfolio should have a portion in utilities and regulated companies.  You own them for diversification and dividends.  They outperform when other stocks don’t do well.

Utility Stocks.  See his Top Picks today.  Every portfolio should have a portion in utilities and regulated companies.  You own them for diversification and dividends.  They outperform when other stocks don’t do well.

Unknown
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$0.020
Owned Owned
Yes

Must be logged in to use chart
PAST TOP PICK
Arc Resources Ltd(ARX-T) 

December 28, 2017

(A Top Pick Feb 10/17, Down 26%)  He tax loss sold it and then bought it back yesterday.  It is a good energy company with an excellent balance sheet and excellent properties.  No one cared about energy this year and it was out of favour.  Canadian Natural Gas prices were quite poor this year.  The worst is behind it, however.

oil/gas

(A Top Pick Feb 10/17, Down 26%)  He tax loss sold it and then bought it back yesterday.  It is a good energy company with an excellent balance sheet and excellent properties.  No one cared about energy this year and it was out of favour.  Canadian Natural Gas prices were quite poor this year.  The worst is behind it, however.

oil/gas
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$14.960
Owned Owned
Yes

Must be logged in to use chart
TOP PICK
BB&T Corp.(BBT-N) 

December 28, 2017

A consumer bank making money both in spread and on loan growth.  It will benefit from US tax law changes.

Financial Services

A consumer bank making money both in spread and on loan growth.  It will benefit from US tax law changes.

Financial Services
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$50.120
Owned Owned
Yes

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WEAK BUY
BCE Inc.(BCE-T) 

December 28, 2017

It is a good name for a yield.  It is a telecom and a utility and so is interest rate sensitive.  As rates rise it will start to complete with bonds and preferred shares.  Their earnings will continue to grow as will its dividend.  It will do well on a relative basis if the market starts to weaken.

telephone utilities

It is a good name for a yield.  It is a telecom and a utility and so is interest rate sensitive.  As rates rise it will start to complete with bonds and preferred shares.  Their earnings will continue to grow as will its dividend.  It will do well on a relative basis if the market starts to weaken.

telephone utilities
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$60.060
Owned Owned
Yes

Must be logged in to use chart
BUY
Bank of Montreal(BMO-T) 

December 28, 2017

The worst performing bank in a year is a good one the following year.  It has decent US exposure.  He favours US banks so if you want US exposure from a Canadian bank this would be a good one.

banks

The worst performing bank in a year is a good one the following year.  It has decent US exposure.  He favours US banks so if you want US exposure from a Canadian bank this would be a good one.

banks
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$100.490
Owned Owned
Unknown

Must be logged in to use chart
PAST TOP PICK
Cara Operations Ltd.(CARA-T) 

December 28, 2017

(A Top Pick Feb 10/17, Up 2%)  It got hurt because same store sales had gone down.  They have been refreshing some of their older restaurants.  It is excellent value here.

food services

(A Top Pick Feb 10/17, Up 2%)  It got hurt because same store sales had gone down.  They have been refreshing some of their older restaurants.  It is excellent value here.

food services
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$26.210
Owned Owned
Yes

Must be logged in to use chart
DON'T BUY
Cineplex Inc(CGX-T) 

December 28, 2017

His problem with it is that they have no control over their product.  It will take time for them to diversify away from movies.  He has a problem dealing with machines to go see a movie.  He needs a human interaction.  He thinks it may come back to bite them at some point.  If you think it will be a great Hollywood season then you might want to buy it.

other services

His problem with it is that they have no control over their product.  It will take time for them to diversify away from movies.  He has a problem dealing with machines to go see a movie.  He needs a human interaction.  He thinks it may come back to bite them at some point.  If you think it will be a great Hollywood season then you might want to buy it.

other services
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$37.220
Owned Owned
No

Must be logged in to use chart
BUY
Canadian National R.R.(CNR-T) 

December 28, 2017

He likes the railways.  This is the one he owns.  It is a direct play on the economy. 

Transportation

He likes the railways.  This is the one he owns.  It is a direct play on the economy. 

Transportation
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$103.910
Owned Owned
Yes

Must be logged in to use chart
BUY
Costco Wholesale(COST-Q) 

December 28, 2017

It is not a value stock.  If you are a long term investor then it is still relatively immune from online shopping.  It is an experience and will continue to be the case.

department stores

It is not a value stock.  If you are a long term investor then it is still relatively immune from online shopping.  It is an experience and will continue to be the case.

department stores
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$186.620
Owned Owned
Unknown

Must be logged in to use chart
WATCH

He has been watching it.  It is Canadian.  It is confined to the Canadian market and so not participating as much.  It is a worldwide company.

breweries/beverages

He has been watching it.  It is Canadian.  It is confined to the Canadian market and so not participating as much.  It is a worldwide company.

breweries/beverages
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$22.500
Owned Owned
No

Must be logged in to use chart
DON'T BUY
Cenovus Energy(CVE-T) 

December 28, 2017

When they made their big acquisition he wondered what they were doing.  They destroyed their balance sheet.  It’s becoming a show me stock.  There are better quality names to choose from.

oil/gas

When they made their big acquisition he wondered what they were doing.  They destroyed their balance sheet.  It’s becoming a show me stock.  There are better quality names to choose from.

oil/gas
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$11.580
Owned Owned
Unknown

Must be logged in to use chart
TOP PICK
Enbridge(ENB-T) 

December 28, 2017

People love to hate it.  The biggest pipeline company in North America.  Most of its distribution had been oil but an auction this year made it bigger in Gas.  They are selling some assets they bought to bring down the debt.  Line 3 is in bad need for replacement into the US and if that goes ahead it will be good for the stock.  (Analysts’ target: $60.00).

oil/gas pipelines

People love to hate it.  The biggest pipeline company in North America.  Most of its distribution had been oil but an auction this year made it bigger in Gas.  They are selling some assets they bought to bring down the debt.  Line 3 is in bad need for replacement into the US and if that goes ahead it will be good for the stock.  (Analysts’ target: $60.00).

oil/gas pipelines
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$49.320
Owned Owned
Yes

Must be logged in to use chart
BUY
Gorman-Rupp(GRC-N) 

December 28, 2017

The world’s largest industrial pump manufacturer.  It has raised its dividend every year for over 40 years.  What has hurt it is that a lot of exposure is in the energy area.  As energy starts to come back it should do better.  30% of earnings are from outside of the US and so it should benefit from changes to US tax policy.

The world’s largest industrial pump manufacturer.  It has raised its dividend every year for over 40 years.  What has hurt it is that a lot of exposure is in the energy area.  As energy starts to come back it should do better.  30% of earnings are from outside of the US and so it should benefit from changes to US tax policy.

0
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$31.790
Owned Owned
Unknown

Must be logged in to use chart
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