Norman Levine
Member since: Feb '01
Managing Director at
Portfolio Management Corp
Portfolio Management Corp
4894 Opinions
Latest Top Picks
(A Top Pick Nov 08/19, Down 7%) All pharmas face a "patent cliff" where they drugs they developed are about to go generic, so companies need to develop new drugs or buy companies. Theirs ended in March. This is going from a value into a growth stock. They now have 3 drugs in the pipeline, including a blader cancer one, a prostate one, and one for severe menopause which has great potential and awaiting approval. The stock hasn't done much, but the potential is high.
(A Top Pick Nov 08/19, Down 1%) They're the biggest maker of actuators, devices which signal valves to open and close and allow pumping of fluids. These are used in oil/gas refining. He sold this earlier this year. Nothing wrong with the stock, but he owns a similar stock. A fine company.
You need to look outside Canada to find a quality miner. Our mining companies sold at peak prices in the last cycle. This is a fine Australian one in copper, iron ore and metallurgical coal that goes into steel production; also in oil and gas. You need to own commodity companies when their commodity is doing well. China's economy is recovering and driving up prices. Big upside, but remember mining companies are cyclical--own in good times, but don't hold on. (Analysts’ price target is $54.69)
They're a Spanish travel company. He sees travel bouncing back. AMADY is the reservation system for the world travel industry--airlines, cruises and travel agencies for bookings. It's gaining market share. Travel will recover in stages. This is well-capitalized and well-run.
A UK company. They make minimally invasive surgical equipment. Hip and joint surgeries were cancelled/postponed during Covid which hurt SN's sales, but there's a huge backlog. This will bounce back after Covid. (Analysts’ price target is $41.33)
Signal
Opinion
Expert
Chart
DON'T BUY
DON'T BUY
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)
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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)
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
TOP PICK
TOP PICK
March 12, 2020
He has $130 Billion is cash right now so he is not panicking. He will view this as quite an opportunity.
Show full opinionHide full opinionHe has $130 Billion is cash right now so he is not panicking. He will view this as quite an opportunity.
insurance
WAIT
WAIT
December 18, 2019
This is a good indicator of the economy as it represents the movement of goods to the consumer. Amazon has disrupted their part of the world as they have setup their own delivery service in the US. At some point it will be time to buy, but it is not now.
This is a good indicator of the economy as it represents the movement of goods to the consumer. Amazon has disrupted their part of the world as they have setup their own delivery service in the US. At some point it will be time to buy, but it is not now.
Transportation
PAST TOP PICK
PAST TOP PICK
December 18, 2019
(A Top Pick Dec 20/18, Up 30%) A mid-cap specialty insurer. It can charge higher premiums as it is in niche markets. Their investing was very successful and they had lower insurance payouts.
Show full opinionHide full opinion(A Top Pick Dec 20/18, Up 30%) A mid-cap specialty insurer. It can charge higher premiums as it is in niche markets. Their investing was very successful and they had lower insurance payouts.
insurance
PAST TOP PICK
PAST TOP PICK
December 18, 2019
(A Top Pick Dec 20/18, Up 8%) Results were muted as the spring was wet for planting. Fall saw early snow and slowed demand. The thesis still stands, pricing will increase for potash and nutrients.
Show full opinionHide full opinion(A Top Pick Dec 20/18, Up 8%) Results were muted as the spring was wet for planting. Fall saw early snow and slowed demand. The thesis still stands, pricing will increase for potash and nutrients.
agriculture
PAST TOP PICK
PAST TOP PICK
December 18, 2019
(A Top Pick Dec 20/18, Down 14%) He sold at just around $13. The largest auto parts distributor in Canada. The company fired their CEO and announced a strategic review and nothing has happened since. They have done nothing to reorganize. He would not touch it.
Show full opinionHide full opinion(A Top Pick Dec 20/18, Down 14%) He sold at just around $13. The largest auto parts distributor in Canada. The company fired their CEO and announced a strategic review and nothing has happened since. They have done nothing to reorganize. He would not touch it.
wholesale distributors
COMMENT
COMMENT
December 18, 2019
BNS or TD? He prefers BNS over TD. TD is more of a play on the US and he wants a bank with the least exposure in Canada.
banks
COMMENT
COMMENT
December 18, 2019
BNS or TD? He prefers BNS over TD. TD is more of a play on the US and he wants a bank with the least exposure in Canada.
banks
HOLD
HOLD
December 18, 2019
Dividend safe? He owns ENB. It was a poor performer for a while, but it seems to be coming their way. Pipelines are getting approval, and Line 3 is beginning to flow in Canada. Michigan is putting up a fight so it may take a while. The dividend was announced to increase by 10% and he believes it is solid. He would have no issue owning it here. Just be aware that a rise in interest rates would hurt them as they trade like a utility.
Show full opinionHide full opinionDividend safe? He owns ENB. It was a poor performer for a while, but it seems to be coming their way. Pipelines are getting approval, and Line 3 is beginning to flow in Canada. Michigan is putting up a fight so it may take a while. The dividend was announced to increase by 10% and he believes it is solid. He would have no issue owning it here. Just be aware that a rise in interest rates would hurt them as they trade like a utility.
oil/gas pipelines
HOLD
HOLD
December 18, 2019
It has been a spectacular performer. It has a very profitable niche in Quebec. They have a strong wealth management business that has helped them as well. They are the largest custodian for large institutional investors. He would hold it here.
Show full opinionHide full opinionIt has been a spectacular performer. It has a very profitable niche in Quebec. They have a strong wealth management business that has helped them as well. They are the largest custodian for large institutional investors. He would hold it here.
banks
COMMENT
COMMENT
December 18, 2019
Canada has four major life insurance companies. Since the financial crisis, Sun Life aas done the best. He does not see much change at Manulife so would prefer Sun Life.
insurance
COMMENT
COMMENT
December 18, 2019
Canada has four major life insurance companies. Since the financial crisis, Sun Life aas done the best. He does not see much change at Manulife so would prefer Sun Life.
insurance
BUY
BUY
December 18, 2019
Money seems to want to return to the Canadian oil sector. He owns Suncor and would put more money into it. They are shareholder friendly, paying good dividends and buying back stock.
Show full opinionHide full opinionMoney seems to want to return to the Canadian oil sector. He owns Suncor and would put more money into it. They are shareholder friendly, paying good dividends and buying back stock.
integrated oils
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He would wait for now and would prefer SLF-T. Insurance companies can't benefit from lowering interest rates.