Norman Levine
Member since: Feb '01
Managing Director at
Portfolio Management Corp
Portfolio Management Corp
4846 Opinions
Latest Top Picks
(A Top Pick Apr 17/19, Down 74%) It has the problem that it has more debt than he would like because of an acquisition. They paid off a good chunk of the debt but there is still some left and they suffer compared to some others. It will look in the future as a super bargain at these levels. Some oil company somewhere in the world will go into bankruptcy. It makes no sense to sell it here.
(A Top Pick Apr 17/19, Down 36%) Late last year it merged and it made them an even bigger presence in the south east US. It has a lot of cost cutting ahead of it. Long term he thinks the prospects are quite good.
(A Top Pick Apr 17/19, Down 8%) All the new intelligent things going on in automotive makes them the biggest beneficiary of all this. He rode it up and then it came back. They are not going to go away. He is happy to own it and would buy on weakness.
It is a utility stock, a pipeline. It distributes to local people in parts of Southern Ontario. It delivers energy products and is being slammed with other energy stocks. He does not find it makes any sense. Today it is yielding 8.5%. In the long run it is going to be good. They raise their dividend every year. (Analysts’ price target is $57.95)
It is not economically sensitive even though the stock is getting hit. It is one of the biggest vaccine manufacturers in the world. They are working on a CoVid19 vaccine and they own an arthritis drug that could be a possible drug for treatment of CoVid19. (Analysts’ price target is $56.93)
Signal
Opinion
Expert
Chart
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March 12, 2020
Market. The markets cannot continue to decline the way they are as 10 days in Toronto and 15 days in New York would see the indexes at zero. In past huge dips if you owned quality companies and stuck with them, the dividend payments mostly stay where they are and the stocks will recover. He may sell bonds and go to cash. His worry is that at some point they will turn around and interest rates will go up.
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Market. The markets cannot continue to decline the way they are as 10 days in Toronto and 15 days in New York would see the indexes at zero. In past huge dips if you owned quality companies and stuck with them, the dividend payments mostly stay where they are and the stocks will recover. He may sell bonds and go to cash. His worry is that at some point they will turn around and interest rates will go up.
HOLD
HOLD
March 12, 2020
It is an excellent example of a company whose stock is getting hit here. Its economic sensitivity is as close to zero as possible. For the long term this is a great company to continue to hold. Step in and buy great companies if the stock price goes way down.
Show full opinionHide full opinionIt is an excellent example of a company whose stock is getting hit here. Its economic sensitivity is as close to zero as possible. For the long term this is a great company to continue to hold. Step in and buy great companies if the stock price goes way down.
food processing
BUY WEAKNESS
BUY WEAKNESS
March 12, 2020
All banks are down. This one is down 42% so far this year and could possibly go further. In the long term it is a bank that will continue to survive. Interest rates are going so low that they can't make a spread on the money they loan out. Banks are much better capitalized and in far better shape than in the financial crisis. It's going to hurt but you will look back in 5 years and say this was an opportunity.
Show full opinionHide full opinionAll banks are down. This one is down 42% so far this year and could possibly go further. In the long term it is a bank that will continue to survive. Interest rates are going so low that they can't make a spread on the money they loan out. Banks are much better capitalized and in far better shape than in the financial crisis. It's going to hurt but you will look back in 5 years and say this was an opportunity.
banks
WATCH
WATCH
March 12, 2020
He did not own this on the way up. It is one that is now on his radar for when things settle down. Demand for its products isnot going to go away. Most of its current problems are China-based supply chain problems.
Show full opinionHide full opinionHe did not own this on the way up. It is one that is now on his radar for when things settle down. Demand for its products isnot going to go away. Most of its current problems are China-based supply chain problems.
electrical/electronic
HOLD
HOLD
March 12, 2020
It has a lot of assets outside of Canada. The price of oil has collapsed. They took quick action and kept their dividend where it was, then brought their dividend down in half and may have to again. He would not sell here. It will continue to be an oil producer for a long time.
Show full opinionHide full opinionIt has a lot of assets outside of Canada. The price of oil has collapsed. They took quick action and kept their dividend where it was, then brought their dividend down in half and may have to again. He would not sell here. It will continue to be an oil producer for a long time.
oil/gas
WATCH
WATCH
March 12, 2020
He missed it on the way up but will get a chance on the way down. It held up better than he would have thought recently. It is not going away and is going to continue to innovate.
Show full opinionHide full opinionHe missed it on the way up but will get a chance on the way down. It held up better than he would have thought recently. It is not going away and is going to continue to innovate.
computer software/processing
PAST TOP PICK
PAST TOP PICK
March 12, 2020
(A Top Pick Apr 17/19, Down 74%) It has the problem that it has more debt than he would like because of an acquisition. They paid off a good chunk of the debt but there is still some left and they suffer compared to some others. It will look in the future as a super bargain at these levels. Some oil company somewhere in the world will go into bankruptcy. It makes no sense to sell it here.
Show full opinionHide full opinion(A Top Pick Apr 17/19, Down 74%) It has the problem that it has more debt than he would like because of an acquisition. They paid off a good chunk of the debt but there is still some left and they suffer compared to some others. It will look in the future as a super bargain at these levels. Some oil company somewhere in the world will go into bankruptcy. It makes no sense to sell it here.
oil/gas
PAST TOP PICK
PAST TOP PICK
March 12, 2020
(A Top Pick Apr 17/19, Down 36%) Late last year it merged and it made them an even bigger presence in the south east US. It has a lot of cost cutting ahead of it. Long term he thinks the prospects are quite good.
Show full opinionHide full opinion(A Top Pick Apr 17/19, Down 36%) Late last year it merged and it made them an even bigger presence in the south east US. It has a lot of cost cutting ahead of it. Long term he thinks the prospects are quite good.
Financial Services
PAST TOP PICK
PAST TOP PICK
March 12, 2020
(A Top Pick Apr 17/19, Down 8%) All the new intelligent things going on in automotive makes them the biggest beneficiary of all this. He rode it up and then it came back. They are not going to go away. He is happy to own it and would buy on weakness.
Show full opinionHide full opinion(A Top Pick Apr 17/19, Down 8%) All the new intelligent things going on in automotive makes them the biggest beneficiary of all this. He rode it up and then it came back. They are not going to go away. He is happy to own it and would buy on weakness.
INDUSTRIAL PRODUCTS
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March 12, 2020
What if you have no more money to put to work? What happens in the short run can be very unpleasant but if you have quality it will do fine in the long run. Don't go in on margin or with debt, however.
Show full opinionHide full opinionWhat if you have no more money to put to work? What happens in the short run can be very unpleasant but if you have quality it will do fine in the long run. Don't go in on margin or with debt, however.
HOLD
HOLD
March 12, 2020
Nobody knows what the Saudi price is doing and Putin is worrying about himself and trying to be in power for life. SU-T will be a survivor. It has a health dividend that is probably not at risk. The share buy-back program may be at risk. He would not worry about it.
Show full opinionHide full opinionNobody knows what the Saudi price is doing and Putin is worrying about himself and trying to be in power for life. SU-T will be a survivor. It has a health dividend that is probably not at risk. The share buy-back program may be at risk. He would not worry about it.
integrated oils
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March 12, 2020
Currency Risk. You have to be cognoscente of currency around the world. He buys only the best companies around the world. It does not look like the Canadian dollar is coming down as much as the US$ so as you see huge losses on US markets, after currency conversion your investment has not come down quite as much. Coming out of the financial crisis the US markets were the ones to own. Currencies tend to even off after 10 years.
Show full opinionHide full opinionCurrency Risk. You have to be cognoscente of currency around the world. He buys only the best companies around the world. It does not look like the Canadian dollar is coming down as much as the US$ so as you see huge losses on US markets, after currency conversion your investment has not come down quite as much. Coming out of the financial crisis the US markets were the ones to own. Currencies tend to even off after 10 years.
DON'T BUY
DON'T BUY
March 12, 2020
He would wait for now and would prefer SLF-T. Insurance companies can't benefit from lowering interest rates.
He would wait for now and would prefer SLF-T. Insurance companies can't benefit from lowering interest rates.
insurance
TOP PICK
TOP PICK
March 12, 2020
It is a utility stock, a pipeline. It distributes to local people in parts of Southern Ontario. It delivers energy products and is being slammed with other energy stocks. He does not find it makes any sense. Today it is yielding 8.5%. In the long run it is going to be good. They raise their dividend every year. (Analysts’ price target is $57.95)
Show full opinionHide full opinionIt is a utility stock, a pipeline. It distributes to local people in parts of Southern Ontario. It delivers energy products and is being slammed with other energy stocks. He does not find it makes any sense. Today it is yielding 8.5%. In the long run it is going to be good. They raise their dividend every year. (Analysts’ price target is $57.95)
oil/gas pipelines
TOP PICK
TOP PICK
March 12, 2020
It is not economically sensitive even though the stock is getting hit. It is one of the biggest vaccine manufacturers in the world. They are working on a CoVid19 vaccine and they own an arthritis drug that could be a possible drug for treatment of CoVid19. (Analysts’ price target is $56.93)
Show full opinionHide full opinionIt is not economically sensitive even though the stock is getting hit. It is one of the biggest vaccine manufacturers in the world. They are working on a CoVid19 vaccine and they own an arthritis drug that could be a possible drug for treatment of CoVid19. (Analysts’ price target is $56.93)
Pharma & Healthcare
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