Opinions by Allan Meyer | StockChase
166
Allan Meyer

VP & Portfolio Manager

ON STOCKCHASE SINCE Apr 2004

Wickham Investment Counsel


Opinions by Allan Meyer


Signal Opinion Expert Chart

2016-04-01

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

Economy. There could be 5 years of muted economic growth. We are looking at world growth slower than it has been historically, and demographics is part of the reason. Once you get the slower growth with the GNP, you are going to see that going back through the markets. Also doesn’t think there is going to be upward pressure on interest rates. His advice to investors is to look for good quality dividend paying companies.

Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $0.020
Owned: _N/A

Must be logged in to use chart

2016-04-01

COMMENT
Barrick Gold (ABX-T)

Evaluating gold is next to impossible. Has made some tremendous mistakes in acquisitions and the write offs that they have had. He avoids gold companies generally.

precious metals
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $17.780
Owned: No

Must be logged in to use chart

2016-04-01

COMMENT
Algonquin Power & Utilities Corp (AQN-T)

This scores very well on his safety & value strategy. It doesn’t have an excessive amount of debt. However, analysts have been revising down their estimates recently, so he would avoid at this time.

electrical utilities
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $10.880
Owned: Unknown

Must be logged in to use chart

2016-04-01

COMMENT
Canadian National R.R. (CNR-T)

Has an analyst friend that recommends a Pair trade going Long on this and Shorting Canadian Pacific (CP-T), and he is going to defer to him that this rail looks good.

Transportation
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $81.120
Owned: Unknown

Must be logged in to use chart

2016-04-01

COMMENT
Concordia International Corp (CXR-T)

Has been caught up in the Valeant (VRX-T) downdraft. However, it is starting to look very interesting from a value proposition. If the earnings can be believed, it is less than 4X earnings, but they have a lot of debt. While it looks cheap on a Price/Book basis, the debt worries him. It might be a short-term buy, but for the long-term you have to really worry about the debt.

Pharma & Healthcare
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $33.100
Owned: Unknown

Must be logged in to use chart

2016-04-01

PAST TOP PICK
Dominion Diamond (DDC-T)

(A Top Pick May 14/15. Down 37.97%.) Sold his holdings shortly after at around $20.

precious metals
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $14.560
Owned: No

Must be logged in to use chart

2016-04-01

TOP PICK
Descartes (DSG-T)

Helps companies manage their complex supply chains. A little expensive on a PE basis at 18X, but has no debt. Reasonable free cash flow. This is a reasonable entry point and he can see more upside.

computer software/processing
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $25.720
Owned: Yes

Must be logged in to use chart

2016-04-01

HOLD
Enbridge (ENB-T)

Not one of his favourite stocks. Has a lovely 4% yield, but has a premium multiple, so is open to some disappointment. People are definitely flocking to pipelines and utilities, because of their dependability, and are bidding them up in price. He would not be buying any more at these levels. This would be a Soft Hold.

oil/gas pipelines
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $49.320
Owned: Unknown

Must be logged in to use chart

2016-04-01

TOP PICK
Information Services (ISV-T)

Has a 20-year exclusive mandate to provide land registry and affiliated services in Saskatchewan. Very, very inexpensive. Trading at 13X on a PE basis, and has something like a 10% free cash flow to enterprise value. Also, has a very low level of debt. Dividend yield of 5.68%.

Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $14.400
Owned: Yes

Must be logged in to use chart

2016-04-01

DON'T BUY
Liquor Stores N. A. (LIQ-T)

Very tied to the Alberta economy, so it is under a lot of pressure. Wouldn’t go in at this time. He also has some balance sheet concerns.

merchandising/lodging
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $8.020
Owned: No

Must be logged in to use chart

2016-04-01

BUY
Linamar Corp (LNR-T)

Reasonable debt levels, low P/E and good cash flow. Magnificently well run. Loves this company and what they are doing.

transportation equip & components
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $62.440
Owned: Yes

Must be logged in to use chart

2016-04-01

PAST TOP PICK
Magna Int'l. (A) (MG-T)

(A Top Pick May 14/15. Down 16.74%.) It swooned because of the trade agreement we had and people’s concerns about auto sales. Currently it is dirt cheap. Thinks there is great, great value here. Still a Hold. Dividend yield of around 4%.

Automotive
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $54.500
Owned: Yes

Must be logged in to use chart

2016-04-01

COMMENT
Open Text (OTEX-T)

Trading at less than 3X Price to Book. Looks attractive on a P/E basis and has great free cash flow value to enterprise value. Likes in the short term, but wouldn’t treat this as a hold for 5 – 10 years.

computer software/processing
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $67.380
Owned: Unknown

Must be logged in to use chart

2016-04-01

COMMENT
Power Corp (POW-T)

Trading at around 10X earnings, so it is not expensive. Has a reasonable dividend. However, it doesn’t look like it has any earnings momentum. It is probably going to sit, doing very little at this point. You are probably in a sideways market unless they can do something to rejuvenate the earnings and get them going up, so you are probably sitting with dead money. Dividend yield of 4.2%.

mngmnt/diversified
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $29.860
Owned: Unknown

Must be logged in to use chart

2016-04-01

COMMENT
Pembina Pipeline Corp (PPL-T)

This is a little bit expensive on a P/E basis. Got hurt with the lower oil prices, but has some great growth opportunities. Wouldn’t have any concerns with the dividends on this. Dividend yield of about 4%.

pipelines
Allan Meyer

VP & Portfolio Manager, Wickham Investment Counsel

Price: $34.290
Owned: No

Must be logged in to use chart
Showing 1 to 15 of 166 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company