Opinions by Andrew McCreath | StockChase
470
Andrew McCreath

Senior Portfolio Manager

ON STOCKCHASE SINCE Jun 2002

Sentry Select Capital

470
Andrew McCreath

Senior Portfolio Manager

ON STOCKCHASE SINCE Jun 2002

Sentry Select Capital


Opinions by Andrew McCreath


Signal Opinion Expert Chart
COMMENT
General Market Comment 

June 21, 2011

Market. Volatile market and it's all about Europe. Whether it's geopolitical risk in the middle east, the sovereign debt traces in Europe or the US economy. Expect it will be a turbulent several months.
Market. Volatile market and it's all about Europe. Whether it's geopolitical risk in the middle east, the sovereign debt traces in Europe or the US economy. Expect it will be a turbulent several months.
Unknown
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$0.020
Owned Owned
Unknown

Must be logged in to use chart
DON'T BUY
Alcoa(AA-N) 

June 21, 2011

Not a big fan of this one. There is a growing surplus of aluminum. Aluminum prices have gone up but this is more speculation than a sustainable increase in the lumen and prices.
non-base metal mining
Not a big fan of this one. There is a growing surplus of aluminum. Aluminum prices have gone up but this is more speculation than a sustainable increase in the lumen and prices.
non-base metal mining
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$15.370
Owned Owned
No

Must be logged in to use chart
PAST TOP PICK
Apple(AAPL-Q) 

June 21, 2011

(A Top Pick Oct 15/20. Up 0.18%.) Not expensive. Appears the product cycle is to extend it with new products.
electrical/electronic
(A Top Pick Oct 15/20. Up 0.18%.) Not expensive. Appears the product cycle is to extend it with new products.
electrical/electronic
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$325.300
Owned Owned
Yes

Must be logged in to use chart
DON'T BUY
BlackBerry(BB-T) 

June 21, 2011

Given what we have seen Nokia go through, it is far from clear that this company may not be a value trap. Would prefer Apple (AAPL-Q).
electrical/electronic
Given what we have seen Nokia go through, it is far from clear that this company may not be a value trap. Would prefer Apple (AAPL-Q).
electrical/electronic
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$25.410
Owned Owned
No

Must be logged in to use chart
TOP PICK
(A Top Pick Oct 15/10. Down 65.03%.) Extracting protein out of canola. Moving in the right direction, but they slipped on the time element and they got pounded. Believes the market potential is large.
Other Agricultural Products
(A Top Pick Oct 15/10. Down 65.03%.) Extracting protein out of canola. Moving in the right direction, but they slipped on the time element and they got pounded. Believes the market potential is large.
Other Agricultural Products
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$1.000
Owned Owned
Yes

Must be logged in to use chart
PAST TOP PICK
CASH(CASH) 

June 21, 2011

(A Top Pick Oct 15/20.) Still likes. Trading at 10X earnings.
N/A
(A Top Pick Oct 15/20.) Still likes. Trading at 10X earnings.
N/A
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$0.010
Owned Owned
Unknown

Must be logged in to use chart
TOP PICK
CenturyLink Inc(CTL-N) 

June 21, 2011

An old line telephone company that came out of the ashes of US West. They had just closed the acquisition of Quest. They should be able to reap merger synergies of several hundred million dollars. Trades at about a 16X free cash flow yield and offers a dividend of 7.25%.
Utilities
An old line telephone company that came out of the ashes of US West. They had just closed the acquisition of Quest. They should be able to reap merger synergies of several hundred million dollars. Trades at about a 16X free cash flow yield and offers a dividend of 7.25%.
Utilities
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$40.060
Owned Owned
Yes

Must be logged in to use chart
TOP PICK
CVR Energy(CVI-N) 

June 21, 2011

Owned 2 businesses. Nitrogen fertilizer and a refinery. Spun off the nitrogen fertilizer in April, which will declare a dividend of $1.92 a share. An 8% yield on the spin-off would be worth about $24 a share. CVR has a $1.3 billion position in the spin-off. CVR market cap is $2 billion and subtracting $1.3 billion gets you $0.7 billion for the refinery business. Current crack spreads generate $600 million in EBITDA this year with the replacement value of $2.8 billion.
oil/gas
Owned 2 businesses. Nitrogen fertilizer and a refinery. Spun off the nitrogen fertilizer in April, which will declare a dividend of $1.92 a share. An 8% yield on the spin-off would be worth about $24 a share. CVR has a $1.3 billion position in the spin-off. CVR market cap is $2 billion and subtracting $1.3 billion gets you $0.7 billion for the refinery business. Current crack spreads generate $600 million in EBITDA this year with the replacement value of $2.8 billion.
oil/gas
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$23.300
Owned Owned
Yes

Must be logged in to use chart
DON'T BUY
General Electric(GE-N) 

June 21, 2011

If you want to buy it for a trade today, that is one thing but he would not be an owner of shares right now. Some of their businesses are doing really well but there are a bunch that are not particularly doing very well.
electrical/electronic
If you want to buy it for a trade today, that is one thing but he would not be an owner of shares right now. Some of their businesses are doing really well but there are a bunch that are not particularly doing very well.
electrical/electronic
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$18.810
Owned Owned
No

Must be logged in to use chart
COMMENT
Being fined more than $150 million for allegedly misleading investors in connection with a collateralized debt obligation. Expect there will be other banks that will see similar fines. Meaningless in the grand scheme of things.
Financial Services
Being fined more than $150 million for allegedly misleading investors in connection with a collateralized debt obligation. Expect there will be other banks that will see similar fines. Meaningless in the grand scheme of things.
Financial Services
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$40.910
Owned Owned
Unknown

Must be logged in to use chart
DON'T BUY
Having a great day today because the markets are up a lot but unfortunately this has become a pretty high beta stock. Believes we will continue to see downside pressure on yields in the US, which is not good for this company.
insurance
Having a great day today because the markets are up a lot but unfortunately this has become a pretty high beta stock. Believes we will continue to see downside pressure on yields in the US, which is not good for this company.
insurance
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$16.400
Owned Owned
Unknown

Must be logged in to use chart
COMMENT
Magna Int'l. (A)(MG-T) 

June 21, 2011

Very well positioned. Have a great balance sheet. Decent yield. There are some challenges that we have to see to get some clear sailing in the stock. European margins where disappointing last quarter and are they going to pick up? Understands that Mr. Stronach is now out of the stock. Feels this would be a better buy than the auto companies.
Automotive
Very well positioned. Have a great balance sheet. Decent yield. There are some challenges that we have to see to get some clear sailing in the stock. European margins where disappointing last quarter and are they going to pick up? Understands that Mr. Stronach is now out of the stock. Feels this would be a better buy than the auto companies.
Automotive
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$48.230
Owned Owned
Unknown

Must be logged in to use chart
DON'T BUY
Have a project in Alaska called Pebble. This is a massive, massive copper deposit. Very controversial because of environmental issues and stock price indicates they are not going to get it approved.
precious metals
Have a project in Alaska called Pebble. This is a massive, massive copper deposit. Very controversial because of environmental issues and stock price indicates they are not going to get it approved.
precious metals
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$8.980
Owned Owned
No

Must be logged in to use chart
BUY
Quarterhill Inc(QTRH-T) 

June 21, 2011

Expect to see some catalysts in the back half of the year, especially on the patent side of chips going into televisions. Have about $1.70 in cash. Bulletproof balance sheet. Expect they will earn $.70-$.75 this year.
electrical/electronic
Expect to see some catalysts in the back half of the year, especially on the patent side of chips going into televisions. Have about $1.70 in cash. Bulletproof balance sheet. Expect they will earn $.70-$.75 this year.
electrical/electronic
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$7.030
Owned Owned
Yes

Must be logged in to use chart
BUY
Rio Tinto(RIO-N) 

June 21, 2011

Solid blue-chip company. He would prefer BHP Billiton (BHP-N) because of the mix of products. This company is a major player in aluminum and iron ore where BHP has oil and copper, which he would prefer.
other mines
Solid blue-chip company. He would prefer BHP Billiton (BHP-N) because of the mix of products. This company is a major player in aluminum and iron ore where BHP has oil and copper, which he would prefer.
other mines
Andrew McCreath

Senior Portfolio Manager, Sentry Select Capita...

PricePrice
$66.370
Owned Owned
Unknown

Must be logged in to use chart
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