Stock Opinions by Norman Levine - Stockchase Experts
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Norman Levine @

On Stockchase since : Feb 2001

Managing Director at Portfolio Management Corp

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Norman Levine Latest Top Picks...

Stock Opinions by Norman Levine - Stockchase Experts

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COMMENT
General Market Comment 

January 18, 2019

Market Outlook He is not really buying into the full rally mode of the market. He is holding a larger amount of cash than normal. He is not sure we have seen the lows yet. He does not buy into a "V" bottom. Nobody really knows. The key is to own companies that you can own for the long run. Don't try to guess what the market is going to do in the short run. He is looking to get back into the Canadian oil sector. Although he doesn't like the political environment, he thinks it is too oversold now.
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Market Outlook He is not really buying into the full rally mode of the market. He is holding a larger amount of cash than normal. He is not sure we have seen the lows yet. He does not buy into a "V" bottom. Nobody really knows. The key is to own companies that you can own for the long run. Don't try to guess what the market is going to do in the short run. He is looking to get back into the Canadian oil sector. Although he doesn't like the political environment, he thinks it is too oversold now.
Unknown
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Norman Levine

Managing D, Portfolio Management...

Price Price
$0.000
Owned Owned
_N/A

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BUY
Enbridge(ENB-T) 

January 18, 2019

Is the dividend safe? He owns this and would be recommending to buy at these levels. He likes the outlook for the company, which has gone into a offensive mode now that it has unwound the recent acquisition to extract the best value and is moving toward the completion of Line 3. The dividend is safe and will grow. Most of its debt is long term bonds or preferred shares that are not too sensitive to rising interest rates. As regulated entity it is allowed a regulated rate of return on any debt it takes on. Yield 6%.
oil/gas pipelines
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Is the dividend safe? He owns this and would be recommending to buy at these levels. He likes the outlook for the company, which has gone into a offensive mode now that it has unwound the recent acquisition to extract the best value and is moving toward the completion of Line 3. The dividend is safe and will grow. Most of its debt is long term bonds or preferred shares that are not too sensitive to rising interest rates. As regulated entity it is allowed a regulated rate of return on any debt it takes on. Yield 6%.
oil/gas pipelines
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Norman Levine

Managing D, Portfolio Management...

Price Price
$47.910
Owned Owned
Yes

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DON'T BUY
Apple(AAPL-Q) 

January 18, 2019

It is a cash rich company and only holds debt for tax purposes. He doesn't want to own it although he has a lot of their products. 2/3 of their business is iPhones and that business is stagnant. It needs to develop a new breakthrough product.
electrical/electronic
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It is a cash rich company and only holds debt for tax purposes. He doesn't want to own it although he has a lot of their products. 2/3 of their business is iPhones and that business is stagnant. It needs to develop a new breakthrough product.
electrical/electronic
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Norman Levine

Managing D, Portfolio Management...

Price Price
$156.820
Owned Owned
No

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HOLD
Arc Resources Ltd(ARX-T) 

January 18, 2019

Is the dividend safe? He owned it a while ago. It is a really good company with good management and a pristine balance sheet. Even still the stock has not done well, due to the low natural gas prices and no sign of improvement. He is cautious on the dividend and thinks it depends on the natural gas price going forward. He would continue to hold it.
oil/gas
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Is the dividend safe? He owned it a while ago. It is a really good company with good management and a pristine balance sheet. Even still the stock has not done well, due to the low natural gas prices and no sign of improvement. He is cautious on the dividend and thinks it depends on the natural gas price going forward. He would continue to hold it.
oil/gas
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Norman Levine

Managing D, Portfolio Management...

Price Price
$9.900
Owned Owned
No

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HOLD
Open Text(OTEX-T) 

January 18, 2019

A software company and a good value stock. He likes it as it grows by acquisition. The market is taking a wait and see on the latest acquisitions, but he thinks the CEO is rock solid.
computer software/processing
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0 comments
A software company and a good value stock. He likes it as it grows by acquisition. The market is taking a wait and see on the latest acquisitions, but he thinks the CEO is rock solid.
computer software/processing
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Norman Levine

Managing D, Portfolio Management...

Price Price
$46.870
Owned Owned
Unknown

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COMMENT
General Market Comment 

January 18, 2019

Are banks a good investment? He is not big into Canadian banks. There is a small US hedge fund shorting Canadian banks on the expectation of a slowing housing market. He is not saying it will be anything like the US banking system was, but he actually is holding more US banks today. He sees Vancouver and Toronto real estate markets starting to plateau.
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Are banks a good investment? He is not big into Canadian banks. There is a small US hedge fund shorting Canadian banks on the expectation of a slowing housing market. He is not saying it will be anything like the US banking system was, but he actually is holding more US banks today. He sees Vancouver and Toronto real estate markets starting to plateau.
Unknown
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Norman Levine

Managing D, Portfolio Management...

Price Price
$0.000
Owned Owned
_N/A

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HOLD
He is a value manager and views this as a growth stock so he is not a buyer of it. He likes the product and sees lots of people using it. The stock is too expensive and he sees it is being impacted by China tariff worries. Long term you would want to own it.
clothing
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He is a value manager and views this as a growth stock so he is not a buyer of it. He likes the product and sees lots of people using it. The stock is too expensive and he sees it is being impacted by China tariff worries. Long term you would want to own it.
clothing
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Norman Levine

Managing D, Portfolio Management...

Price Price
$66.440
Owned Owned
No

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DON'T BUY
Power Corp(POW-T) 

January 18, 2019

He held it for about 20 years and sold out last year. In the past it was able to grow earnings and dividends, but that all stopped during the crisis of 2008 and it has gone sideways since then. It is a holding company of financial services companies and holds European securities. None of this has done much. Mutual fund management has slowed. Great West Insurance has also been a laggard.
mngmnt/diversified
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He held it for about 20 years and sold out last year. In the past it was able to grow earnings and dividends, but that all stopped during the crisis of 2008 and it has gone sideways since then. It is a holding company of financial services companies and holds European securities. None of this has done much. Mutual fund management has slowed. Great West Insurance has also been a laggard.
mngmnt/diversified
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Norman Levine

Managing D, Portfolio Management...

Price Price
$25.870
Owned Owned
No

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DON'T BUY
UPS or Fedex? Fedex gave an earnings warning late last year and that hurt the value. The two stocks trade similarly. Amazon is an issue for both, who is developing their own delivery service. He wouldn't own either stock.
Transportation
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UPS or Fedex? Fedex gave an earnings warning late last year and that hurt the value. The two stocks trade similarly. Amazon is an issue for both, who is developing their own delivery service. He wouldn't own either stock.
Transportation
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Norman Levine

Managing D, Portfolio Management...

Price Price
$101.600
Owned Owned
No

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DON'T BUY
FedEx(FDX-N) 

January 18, 2019

UPS or Fedex? Fedex gave an earnings warning late last year and that hurt the value. The two stocks trade similarly. Amazon is an issue for both, who is developing their own delivery service. He wouldn't own either stock.
Transportation
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0 comments
UPS or Fedex? Fedex gave an earnings warning late last year and that hurt the value. The two stocks trade similarly. Amazon is an issue for both, who is developing their own delivery service. He wouldn't own either stock.
Transportation
0 0 0 0 0
0 comments
Norman Levine

Managing D, Portfolio Management...

Price Price
$176.910
Owned Owned
No

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DON'T BUY
Raytheon(RTN-N) 

January 18, 2019

This defense electronics company has been in an under performing sector for the market. Politics have moved to inward looking policies, with less military action outside its borders.
electrical/electronic
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0 comments
This defense electronics company has been in an under performing sector for the market. Politics have moved to inward looking policies, with less military action outside its borders.
electrical/electronic
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0 comments
Norman Levine

Managing D, Portfolio Management...

Price Price
$165.410
Owned Owned
No

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DON'T BUY
He has not done well owning this in the past. As coal, zinc and other commodity producer it does well when these prices go up. Commodities are also tied to US currency and that is has been a challenge. He worries about the economic slowdown in China. In 2008 there were worries it might fail, but now that its debt is of financial grade, but it is not enough to bring him back as a buyer. (Analysts’ price target is $40.00)
precious metals
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0 comments
He has not done well owning this in the past. As coal, zinc and other commodity producer it does well when these prices go up. Commodities are also tied to US currency and that is has been a challenge. He worries about the economic slowdown in China. In 2008 there were worries it might fail, but now that its debt is of financial grade, but it is not enough to bring him back as a buyer. (Analysts’ price target is $40.00)
precious metals
0 0 0 0 0
0 comments
Norman Levine

Managing D, Portfolio Management...

Price Price
$30.630
Owned Owned
No

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PAST TOP PICK
Uni-Select Inc(UNS-T) 

January 18, 2019

(A Top Pick Feb 16/18, Down 26%) They sell replacement parts wholesale to garages and own paint finishing shops. Management had made great promises over the past year which did not materialize. Now the new CEO is doing a strategic evaluation of the business and he thinks this may result in the divestment of the paint division. He thinks it is a good buy here as it trades below book value. The stock has not made new lows, so he thinks investors are starting to bring support. He still owns it and likes it.
wholesale distributors
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0 comments
(A Top Pick Feb 16/18, Down 26%) They sell replacement parts wholesale to garages and own paint finishing shops. Management had made great promises over the past year which did not materialize. Now the new CEO is doing a strategic evaluation of the business and he thinks this may result in the divestment of the paint division. He thinks it is a good buy here as it trades below book value. The stock has not made new lows, so he thinks investors are starting to bring support. He still owns it and likes it.
wholesale distributors
0 0 0 0 0
0 comments
Norman Levine

Managing D, Portfolio Management...

Price Price
$18.950
Owned Owned
Yes

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PAST TOP PICK
Celestica Inc(CLS-T) 

January 18, 2019

(A Top Pick Feb 16/18, Down 9%) This technology company makes things for other manufacturers like routers for Cisco. Earnings growth is looking better he thinks. The stock looks oversold so he is staying with it.
electrical/electronic
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0 comments
(A Top Pick Feb 16/18, Down 9%) This technology company makes things for other manufacturers like routers for Cisco. Earnings growth is looking better he thinks. The stock looks oversold so he is staying with it.
electrical/electronic
0 0 0 0 0
0 comments
Norman Levine

Managing D, Portfolio Management...

Price Price
$12.200
Owned Owned
Yes

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PAST TOP PICK
Lanxess(LXS-DE) 

January 18, 2019

(A Top Pick Feb 16/18, Down 27%) The worst equity market in the world last year was Germany and this company is a specialty chemical company in the region. Their biggest products are fire retardants. It is a cycle play with good cash flow. He is still buying it.
chemicals
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0 comments
(A Top Pick Feb 16/18, Down 27%) The worst equity market in the world last year was Germany and this company is a specialty chemical company in the region. Their biggest products are fire retardants. It is a cycle play with good cash flow. He is still buying it.
chemicals
0 0 0 0 0
0 comments
Norman Levine

Managing D, Portfolio Management...

Price Price
$0.000
Owned Owned
Yes

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