Matt Baillie
Vice President and Portfolio Manager at Sceptre Investment Council Ltd
Member since: May '04 · 162 Opinions
Rating
Big Win
Win
Neutral
Loss
Big Loss
Stock Opinions by Matt Baillie
BUY ON WEAKNESS
Going to be a great income trust as it has huge cash flows and not a lot of CapX. Spiked today, so wouldn't jump in yet.
investment companies
funds
DON'T BUY
Has been selected by IGT (IGT-N) to power their gaming machines which is a nice deal for ATI. Has been paring back on his holdings as it has been getting hit on the high end by Nvidia (NVDA-Q) and on the low end by Intel (INTC-Q). Coming out with their new chip pretty soon and hopefullly it's good.
electrical
electronic
TOP PICK
Expect it to continue to move. A real cash cow and doesn't need CapX. All Canadian, so you don't have the foreign exchange exposure. They'll be consolidators in the loyalty program space.
other services
BUY
Bought into the Fort Hills oil sand project and they paid a pretty penny. Likes it when metal companies use their cash in good times to buy into longer term energy plays.
Mining
BUY ON WEAKNESS
Have been on fire for a few years now. Could be a takeover target. Likes this sector. Feels the price has moved a little too far too fast.
oil
gas
TOP PICK
Management is gaining credibility. Have been making some acquisitions that have turned out well.
integrated oils
DON'T BUY
Not a huge fan of this company because he didn't like the Allstream acquisition. The long distance market is a tough area to be in when you're a small telco and you're being attacked by the cable companies. Can't see much upside left.
telephone utilities
HOLD
Electricity costs are so high, 70% of the cost of aluminum. Keeps on getting hit. Thinks it can't go much lower.
integrated mines
BUY
Good company. The biggest royalty trust. Has some long term opportunity in coal bed methane. Has some capital efficiency issues. For the amount of money it's spending, it should be producing more. It seems to be doing all the right things to deal with this.
oil
gas
TOP PICK
The biggest residential REIT in the country. Mainly in Alberta. Vacancy rates have been going up and rents have been coming down, so it's been tough on residential REITs. At some point housing prices are going to get to a level that it's more economical to rent rather than buy. Trades at about net asset value, so it's cheap.
property mngmnt
investment
BUY ON WEAKNESS
It might become an income trust. A cash cow. Somewhat of a monopoly and doesn't have much capital expenditures. Moved up to quickly today.
other services
WEAK BUY
A good idea to take some money from conventional oil/gas and put it in the long life assets of oil sands. A little rich, but would consider buying at this price.
oil
gas
BUY
Can't do much better than this one in the trust area. The blue chip one. Low operating costs and low payout ratios.
oil
gas
BUY
A fantastic stock. Fantastic growth story.You have the back of the store which is drugs (a play on demographics), the front of the store beauty aid and health and a play on restructuring. Have another 8 years ahead of them of building out the new stores.
specialty stores
BUY
Royalty trusts in general haven't been keeping up with the oil stocks and are now in line on a cash flow basis with the oil corporations. Look a lot more attractive. This one has a lower payout ratio than last year. Lower valuation than the group because it is somewhat of a turn around story. Prefers others, but doesn't think you will get hurt on this one.
investment companies
funds
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