Opinions by Norman Levine | StockChase
4394
Norman Levine

Managing Director

ON STOCKCHASE SINCE Feb 2001


Opinions by Norman Levine


Signal Opinion Expert Chart
       

2017-11-22

N/A
A Comment -- General Comments From an Expert 

Market. The TSX 10-year chart shows it breaking into highs which were reached before the financial crisis, which is pretty sad. The TSX index is the worst major Index in the world. It is dominated by resource and financials. Normally, a country’s stock index should reflect the economy of a country. Because so many of our large companies are foreign owned or privately owned, ours does not reflect that at all. In the US and in most countries, their main index better reflects their economies. He would never own a Canadian Index product. Most indexes are market cap weighted, so that as a stock goes up in value its percentage in that index keeps going up. There is an index you can buy called an equal weight index, where all stocks are weighted equally. It better reflects what is really going on in markets.

Norman Levine

Managing Director, Portfolio Management Corp

Price: $0.020
Owned: _N/A

Must be logged in to use chart

2017-11-22

PAST TOP PICK
Arc Resources Ltd (ARX-T)

(A Top Pick Dec 28/16. Down 30%.) In hindsight, this had been a mistake. The company has an excellent balance sheet, great management, is mostly natural gas in the Montney area. He was optimistic on the price of natural gas. His mistake was buying a Canadian natural gas stock rather than a US natural gas stock. The Henry hub price for natural gas has gone up significantly since last year. Unfortunately, most of the Canadian natural gas does not get priced at Henry hub, they get AECO which is priced off of Alberta, and that price has collapsed.

oil/gas
Norman Levine

Managing Director, Portfolio Management Corp

Price: $15.770
Owned: Yes

Must be logged in to use chart

2017-11-22

BUY
Badger Daylighting (BAD-T)

The company has most of its earnings outside of the oil patch now, and most of its revenues outside of Canada. It is by far the largest hydro-vac company in North America. It has attracted the attention of a major short-seller, who has damaged the stock. The Short is zeroing in on what their 0-30 day receivables are, which is an irrelevant number. A good company and is showing excellent growth. He is still buying for new clients.

oil/gas
Norman Levine

Managing Director, Portfolio Management Corp

Price: $28.180
Owned: Yes

Must be logged in to use chart

2017-11-22

BUY
BCE Inc. (BCE-T)

Owns because of its steady growth in income. It steadily grows its dividend every year. It’s not exciting and you’re not going to get rich, but you are not going to get killed either. Like other utilities, it is very interest rate sensitive. If interest rates are going down, these types of stocks tend to do really well. It is a bond alternative. Should be a part of everybody’s portfolio. Dividend yield of 4.7%.

telephone utilities
Norman Levine

Managing Director, Portfolio Management Corp

Price: $61.560
Owned: Yes

Must be logged in to use chart

2017-11-22

TOP PICK
Cara Operations Ltd. (CARA-T)

The largest restaurant chain in Canada, and have grown quite a bit by acquisition. The stock went public and it was a market darling until it got overpriced. Then with the downturn in Alberta, oil prices started to tumble and people stopped going, so same-store sales took a big hit. That is now starting to stabilize. They’ve made some acquisitions which have diversified them. Valuation is very reasonable. Dividend yield of 1.6%. (Analysts’ price target is $26.)

food services
Norman Levine

Managing Director, Portfolio Management Corp

Price: $24.630
Owned: Yes

Must be logged in to use chart

2017-11-22

HOLD
Constellation Software Inc. (CSU-T)

A great company and very well-managed. A consolidator of software companies, and their strategy continues to work. (See Top Picks.)

computer software/processing
Norman Levine

Managing Director, Portfolio Management Corp

Price: $760.470
Owned: No

Must be logged in to use chart

2017-11-22

HOLD
Callaway Golf (ELY-N)

Sold his holdings about a year ago, because it had gone from “turnaround” to “good profits”, and had thought that in the near term its profitability had probably gotten ahead of itself. However, the CEO has continued to deliver great results. They are the leading company in the industry.

Consumer Products
Norman Levine

Managing Director, Portfolio Management Corp

Price: $14.340
Owned: No

Must be logged in to use chart

2017-11-22

COMMENT
Emera Inc (EMA-T)

Long-term hold? Canada has a number of Public utility companies, and a couple of them, such as this one and Fortis (FTS-T), are what he would call growth utility companies, where they don’t just stick to the market they are in, but are active acquirers and growers in other geographies, mostly in the US. He looks at this as being the leading Canadian growth utility company, and sees them continuing to grow their earnings in Canada, and more so outside Canada. Interest rate sensitive, so if interest rates go down, the stock does better. For a long-term investor, companies like this should be a part of your portfolio.

mngmnt/diversified
Norman Levine

Managing Director, Portfolio Management Corp

Price: $48.420
Owned: Unknown

Must be logged in to use chart

2017-11-22

COMMENT
Enbridge (ENB-T)

Has been a poorer performer this year, down about 20% or so. It comes on the heels of making a large acquisition. Up until this year, this was largely an oil based pipeline company. They bought Spectra Energy which diversified them much more into natural gas pipelines. Took on a lot of debt doing it. He doesn’t believe the dividend is in jeopardy, but it is now a “show me” stock. They are having an investor day in a few weeks, where he hopes there will be more information. Yields about 5.5%, the highest yield it has ever had. Believes the dividend is safe. If you are a value investor, you are buying a great company with growing and excellent income at a good price.

oil/gas pipelines
Norman Levine

Managing Director, Portfolio Management Corp

Price: $47.010
Owned: Yes

Must be logged in to use chart

2017-11-22

COMMENT
Advisorshares New Tech & Media (FNG-N)

To him a highly speculative investment, but has some very high-quality companies that have been market leaders in what they do. These are momentum stocks, and this is not his style.

E.T.F.'s
Norman Levine

Managing Director, Portfolio Management Corp

Price: $23.340
Owned: No

Must be logged in to use chart

2017-11-22

BUY
General Electric (GE-N)

Recently sold this from his taxable accounts for tax loss, with the intention of buying it back after 30 days. A new CEO has come in and the market was disappointed, but he doesn’t know what they were expecting. You want a CEO to “under promise” and “over deliver”. Investors are looking for a CEO who will “overpromise” and “hopes he delivers”, which is not realistic. He isn’t upset that the CEO is under promising to start with. Thinks it is going to take 2 to 3 years for the new CEO to prove himself. His new clients are buying this.

electrical/electronic
Norman Levine

Managing Director, Portfolio Management Corp

Price: $18.150
Owned: Yes

Must be logged in to use chart

2017-11-22

HOLD
Magna Int'l. (A) (MG-T)

Doesn’t own any auto stocks, but if he were going to own one, it would be this. Very well run and the market leader. Auto sales in the US have plateaued for now, but have plateaued at a high rate. European auto sales are growing. The NAFTA worries are overhanging the prices of Canadian autos, but if you are an investor, it’s a decent buy here.

Automotive
Norman Levine

Managing Director, Portfolio Management Corp

Price: $69.010
Owned: No

Must be logged in to use chart

2017-11-22

HOLD
National Bank of Canada (NA-T)

Almost a pure Canadian play. Being a pure Canadian play, people worry about what their exposure is to high debt levels that people have run up in housing. Being mostly a Québec based bank, this bank hasn’t had the same exposure to the housing market in Toronto and Vancouver. Compared to other banks, it has more of a capital exposure, and has done well at that. This is fine to own.

banks
Norman Levine

Managing Director, Portfolio Management Corp

Price: $63.250
Owned: No

Must be logged in to use chart

2017-11-22

TOP PICK
Open Text (OTEX-T)

A market consolidator in business software, helping large businesses organize information, storing it and retrieving it. Their acquisition policy is buying up competitors. Did a couple of acquisitions earlier this year, and the market is waiting to see how those work out. Dividend yield of 1.6%. (Analysts’ price target is $40.)

computer software/processing
Norman Levine

Managing Director, Portfolio Management Corp

Price: $41.950
Owned: Yes

Must be logged in to use chart

2017-11-22

PAST TOP PICK
Pfizer Inc (PFE-N)

(A Top Pick Dec 28/16. Up 14%.) This has given him decent earnings along the way and they have raised the dividend along the way. A good company and a good story to keep. They are investigating whether they are going to split the company in 2.

biotechnology/pharmaceutical
Norman Levine

Managing Director, Portfolio Management Corp

Price: $35.430
Owned: Yes

Must be logged in to use chart
Showing 1 to 15 of 4,394 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company