Opinions by Norman Levine | StockChase
4373
Norman Levine

Managing Director

ON STOCKCHASE SINCE Feb 2001


Opinions by Norman Levine



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2017-09-27

PAST TOP PICK
Arc Resources Ltd (ARX-T)

(A Top Pick Nov 8/16. Down 19%.) The whole energy complex has come down. Despite the fact that this is 70% natural gas and only 30% oil, it traded like an oil stock. In spite of being the best capitalized, one of the best run, and with great properties, especially in the Montney region of BC, it got sold off. The new BC government is against fracing, LNG, etc. It seems to have bottomed, which is a great buying opportunity.

oil/gas
Norman Levine

Managing Director, Portfolio Management Corp

Price: $17.740
Owned: Yes

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2017-09-27

COMMENT
Bank of America (BAC-N)

Prefers regional US banks. When you go with the regional banks, you are getting pure banking and exposure to loan growth with exposure to higher interest rates helping them. With the centre moneyed banks, you are also bringing capital markets into play, which is an area he doesn’t want to play in right now.

banks
Norman Levine

Managing Director, Portfolio Management Corp

Price: $25.410
Owned: Unknown

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2017-09-27

TOP PICK
Badger Daylighting (BAD-T)

Recently came under selling pressure after its 1st quarter earnings were announced, because of a bad month of January. Their operations have been doing well since then. A Short Seller jumped all over it, saying bad things, which scared people away, creating a buying opportunity. They are in earthmoving using high-pressure water, and are the biggest in North America. They are now bigger in the US and non-energy than they had been before. Dividend yield of 1.8%. (Analysts’ price target is $36.)

oil/gas
Norman Levine

Managing Director, Portfolio Management Corp

Price: $26.100
Owned: Yes

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2017-09-27

DON'T BUY
Bombardier Inc (B) (BBD.B-T)

He can think of absolutely no reason to ever own this stock. The #1 corporate bum company in Canada. If you take away its gifts of money, subsidies, cheap loans and favouritism, he doesn’t understand why they exist.

transportation equip & components
Norman Levine

Managing Director, Portfolio Management Corp

Price: $2.100
Owned: No

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2017-09-27

COMMENT
Bank of Nova Scotia (BNS-T)

Buy, Sell or Hold? The only Canadian bank he owns. He owns this because it has the smallest Canadian footprint and the largest non-Canadian footprint as a percentage of their assets, of the banks. It is mostly in emerging markets of south America and Asia, which are the growth markets. Dividend yield of 3.9%.

banks
Norman Levine

Managing Director, Portfolio Management Corp

Price: $80.020
Owned: Yes

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2017-09-27

TOP PICK
Cara Operations Ltd. (CARA-T)

Has been suffering lately. It went from being overpriced to being hugely underpriced. Part of the reason is that they have a good set of their operations in Alberta, and the weakness in the energy patch has hurt sales. Recently they’ve suffered by negative same store sales, which apparently has now turned positive. They’ll be hurt by rising minimum wages in Alberta and Ontario. Dividend yield 1.7%. (Analysts’ price target is $27.)

food services
Norman Levine

Managing Director, Portfolio Management Corp

Price: $23.720
Owned: Yes

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2017-09-27

COMMENT
CCL Industries (B) (CCL.B-T)

Sold half his position close to the top last year, and continues to buy it for new clients. In the near term, it is probably seen the best part of its run. The latest quarter was a little disappointing. Their acquisition of the UK company that prints plastic currency, exposed them to the resin price market, and there was a spike in the price which caught them by surprise and hurt them. A great company to continue to own, but doesn’t think it is going to lead the market like it has in the past.

packaging/containers
Norman Levine

Managing Director, Portfolio Management Corp

Price: $60.600
Owned: Yes

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2017-09-27

COMMENT
Cenovus Energy (CVE-T)

Not one of his favourite energy stocks. Made one really bad acquisition at the wrong time and piled themselves up with debt. The CEO announced he is leaving, but in the meantime is trying to undo some of the mess. He would rather go for a well-managed company with good assets and that will be growing.

oil/gas
Norman Levine

Managing Director, Portfolio Management Corp

Price: $12.780
Owned: No

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2017-09-27

COMMENT
Emera Inc (EMA-T)

This has done a good job in recent years of diversifying away into some US markets. However, it is interest rate sensitive. With interest rates going up in Canada, it bodes negatively for this stock.

mngmnt/diversified
Norman Levine

Managing Director, Portfolio Management Corp

Price: $46.690
Owned: Yes

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2017-09-27

COMMENT
Empire Company (A) (EMP.A-T)

Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? Loblaw has proven to be the best run grocer in Canada. This company has had its challenges but under the new CEO, it is showing that it is starting to come back. If you are a turnaround person, even though it has had a big run already, it is starting to outperform off a very bad low, and has the most turnaround potential.

food stores
Norman Levine

Managing Director, Portfolio Management Corp

Price: $22.030
Owned: Unknown

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2017-09-27

COMMENT
Facebook (FB-Q)

Which FAANG stock would you choose? As a value investor, he wouldn’t touch any of them. It looks like they have peaked as money is moving out of them temporarily, into more cyclical stocks, financials and even energy stocks for now. Because of that, he wouldn’t own any right now. If he had to pick one, this one seems to really dominate what they do.

Norman Levine

Managing Director, Portfolio Management Corp

Price: $167.680
Owned: No

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2017-09-27

COMMENT
Coca-Cola Company (KO-N)

This has been diversifying into other beverages including water and new age beverages. Prefers PepsiCo (PEP-N) which can do foods with snack foods where their focus on growth is. In the short term, both are going to be a little weak. The consumer staples group has done well, but now people are looking to get a little more cyclical, so these 2 are running out of favour in the short term.

food processing
Norman Levine

Managing Director, Portfolio Management Corp

Price: $44.640
Owned: No

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2017-09-27

COMMENT
Loblaw Companies Ltd (L-T)

Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? This has proven to be the best run grocer in Canada.

food stores
Norman Levine

Managing Director, Portfolio Management Corp

Price: $67.130
Owned: Unknown

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2017-09-27

PAST TOP PICK
Metlife (MET-N)

(A Top Pick Nov 8/16. Up 12%.) One of the biggest financial companies in the US. In late July, they spun out their consumer division, which he took advantage of. He still likes the outlook for this company.

insurance
Norman Levine

Managing Director, Portfolio Management Corp

Price: $51.860
Owned: Yes

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2017-09-27

COMMENT
Metro Inc (A) (MRU-T)

Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? Loblaw has proven to be the best run grocer in Canada. Empire has had its challenges but is starting to come back. This company would be somewhere in between the two.

food stores
Norman Levine

Managing Director, Portfolio Management Corp

Price: $43.610
Owned: Unknown

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