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Paul Harris, CFA
Partner and Portfolio Manager at Harris Douglas Asset Management
Member since: Feb '04 · 3822 Opinions
Rating Card
| All | 
Rating
| 
Big Win
| 
Win
| 
Neutral
| 
Loss
| 
Big Loss
|  |
|---|---|---|---|---|---|---|---|
| 4.95 | 332 30.51% | 289 26.56% | 158 14.52% | 193 17.74% | 116 10.66% | ||
| 1 Month | 4.95 | 11 4.28% | 102 39.69% | 84 32.68% | 57 22.18% | 3 1.17% | |
| 6 Months | 5 | 54 21.34% | 84 33.20% | 33 13.04% | 59 23.32% | 23 9.09% | |
| 12 Months | 5 | 90 37.19% | 50 20.66% | 26 10.74% | 50 20.66% | 26 10.74% | |
| 2 Years | 5 | 92 43.60% | 45 21.33% | 12 5.69% | 20 9.48% | 42 19.91% | |
| 5 Years | 4.81 | 85 68.00% | 8 6.40% | 3 2.40% | 7 5.60% | 22 17.60% |
Stock Opinions by Paul Harris, CFA
We're generally in a time of easing interest rates over the next little while. How fast they're going to do that is the question. There was a perspective that the Fed would be easing a lot faster, but they may have to step back a bit before they commit to more easing. With the new administration and talk of immigration policy, tariffs, and so on, the Fed doesn't know what the economic backdrop will look like.
It's easy to say we're going to oust or limit all these people, but that has an impact on a lot of sectors of the economy. Tariffs may have a benefit short term, but long term there's more impact on inflation, etc. Musk and his department are saying they're going to change the way they lay off people, but unemployment going up will have a big impact on the economy.
N/A
Unknown
Canadian economy is in worse shape than the US. Rate cuts may slow down a bit, but they have to bring down rates another 100-150 basis points from where they are today to get the economy going. This has an impact on the CAD.
Trump says something about 25% tariffs on Canada, and the loonie weakens considerably overnight. Though it has bounced back, reality is that there are a number of things going to be affecting the Canadian dollar in the next little while. The CAD is going to be weaker going forward.
Large cost advantage due to Canadian base in potash. Big issue is volatility in a cyclical stock because of pricing of potash and nitrogen, which fluctuates a lot. Supply/demand is out of balance all the time. Volatility outweighs the story. Supply coming on globally, especially with BHP.
Controls a lot of the commercial flight market, drives a lot of its growth. Very few competitors. Highly technical. Installed base for engines is very high -- they don't get changed willy-nilly, but they do need servicing as they age. Lowered debt. Once flying gets back to normal after Covid, opportunity to be more than it is presently.
Hard to think about buying before earnings come out, as it can be so volatile (especially with a company like this). This sector has good secular growth, lots of cybersecurity issues, governments are investing a lot. He owns CHKP instead.
This sector has good secular growth, lots of cybersecurity issues, governments are investing a lot. Has done well.
This sector has good secular growth, lots of cybersecurity issues, governments are investing a lot. Has done very well.
Cloud component continues to grow, especially with growth in AI despite all the capex needed on that side. Not everyone is in the cloud yet. Ad business has exploded, growth will continue. Retail business is incredible, the logistics alone is very valuable.
Tough to be a telecom in Canada, so it's moving beyond our borders with its latest acquisition. CRTC is often overbearing. Capex is not bad in the concentrated GTA, but increases substantially as you go across our big and somewhat underpopulated country. Telus is in the same spot. Hard to hold over the next little while.
Overdone at these levels, will probably bounce over the next 3-6 months. Interest rates coming down should help.
Makes sense to take the loss to offset other gains, consider getting back in after the waiting period. Thinks it can maintain its dividend. Pays a really nice dividend, and if you need that to live your life, you many not want to sell.
Tough to be a telecom in Canada. CRTC is often overbearing. Capex is not bad in the concentrated GTA, but increases substantially as you go across our big and somewhat underpopulated country. BCE is in the same spot. Hard to hold over the next little while.
The DRIP is more about your financial circumstances and where you are in the life cycle of your wealth.
If you are a younger investor and don't need the income to live your life, the DRIP is perfect. It allows you to buy more shares in a company you really like by dollar-cost averaging every quarter. But if you need the dividend to live your life, then the DRIP is not as useful.
Lots of "brick and beam" properties, very beautiful. Redevelopment of those heritage buildings is much more difficult. Smaller square footage actually hurt them more from Covid, as many decided they didn't even need an office. Rental dynamics have changed since Covid.
Thought the fine was already priced in, so he was surprised by the huge drop once announced. Big issue is that US franchise was on autopilot, without the great returns from the Canadian side. A chance to reboot. Risk management should improve, and the multiple will come back. Acquisitions are restricted. Lots of capital on hand.
Not a high multiple at 1.2x book, 10x PE. Probably can't buy it any cheaper. Yield is over 5%.
Such an important area. Fell during Covid because classified as "elective" surgeries, but they aren't, as they help maintain quality of life without medication. Lots of opportunity to grow in EMs. Lots of free cashflow, which can be used for acquisitions.
Will continue to do well, interest rates coming down will help a lot. Will continue to pursue deals in the US. Great dividend and business. Trump coming in reinforces the oil & gas business.
