David Driscoll
Member since: Oct '00
President & CEO at
Liberty International Investment Management Inc
Liberty International Investment Management Inc
2238 Opinions
Latest Top Picks
If you believe the job numbers from Monday, they were substantial. This name is a beneficiary from job growth. They deal with small and mid-sized companies with and pays out a dividend of 3.6%. They have been growing business into HR so the dividend is going higher. It's a cash cow since they bank the payroll money. (Analysts’ price target is $85.44)
Earnings were a blow out announced yesterday. Since there were little catastrophes last year, profits boomed. The book value is rising. It's the best insurance company based on combined ratio, how much you're paying in claims versus premiums, which is at 98%. (Analysts’ price target is $165.17)
They just bought Carbonite, which is a leading provider of cloud-based back-up. Their cloud business will continue to rise and grow even faster going forward. You will then see an earnings explosion if they grow quickly. They have owned it for 5 years and continues to buy. (Analysts’ price target is $68.69)
(A Top Pick Jan 17/19, Up 54%) A life-sciences companies that also does consumables and mass spectrometers. They recently purchased the GE biopharma section. They have big margins coming into the company. Earnings were higher than their peer group. He has owned this since 2013 and he sees no reason to sell it. He wouldn't enter now with 30x earnings. It works as a core holding since life science has good growth potential.
(A Top Pick Jan 17/19, Down 7%) He blames the CFO for the loss. They were signing contracts that were not compliant and their guidance was off. Even though the stock is down, if they have earnings of 3.20 per share range, the stock is fully valued. If they make 4.20 next year, the stock becomes cheap and you might see it trading at 14x earnings. Infrastructure needs are large in the US so he expects it to perform.
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Expert
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TOP PICK
TOP PICK
February 7, 2020
If you believe the job numbers from Monday, they were substantial. This name is a beneficiary from job growth. They deal with small and mid-sized companies with and pays out a dividend of 3.6%. They have been growing business into HR so the dividend is going higher. It's a cash cow since they bank the payroll money. (Analysts’ price target is $85.44)
Show full opinionHide full opinion
If you believe the job numbers from Monday, they were substantial. This name is a beneficiary from job growth. They deal with small and mid-sized companies with and pays out a dividend of 3.6%. They have been growing business into HR so the dividend is going higher. It's a cash cow since they bank the payroll money. (Analysts’ price target is $85.44)
computer software/processing
TOP PICK
TOP PICK
February 7, 2020
Earnings were a blow out announced yesterday. Since there were little catastrophes last year, profits boomed. The book value is rising. It's the best insurance company based on combined ratio, how much you're paying in claims versus premiums, which is at 98%. (Analysts’ price target is $165.17)
Show full opinionHide full opinionEarnings were a blow out announced yesterday. Since there were little catastrophes last year, profits boomed. The book value is rising. It's the best insurance company based on combined ratio, how much you're paying in claims versus premiums, which is at 98%. (Analysts’ price target is $165.17)
insurance
TOP PICK
TOP PICK
February 7, 2020
They just bought Carbonite, which is a leading provider of cloud-based back-up. Their cloud business will continue to rise and grow even faster going forward. You will then see an earnings explosion if they grow quickly. They have owned it for 5 years and continues to buy. (Analysts’ price target is $68.69)
Show full opinionHide full opinionThey just bought Carbonite, which is a leading provider of cloud-based back-up. Their cloud business will continue to rise and grow even faster going forward. You will then see an earnings explosion if they grow quickly. They have owned it for 5 years and continues to buy. (Analysts’ price target is $68.69)
computer software/processing
PAST TOP PICK
PAST TOP PICK
February 7, 2020
(A Top Pick Jan 17/19, Up 54%) A life-sciences companies that also does consumables and mass spectrometers. They recently purchased the GE biopharma section. They have big margins coming into the company. Earnings were higher than their peer group. He has owned this since 2013 and he sees no reason to sell it. He wouldn't enter now with 30x earnings. It works as a core holding since life science has good growth potential.
(A Top Pick Jan 17/19, Up 54%) A life-sciences companies that also does consumables and mass spectrometers. They recently purchased the GE biopharma section. They have big margins coming into the company. Earnings were higher than their peer group. He has owned this since 2013 and he sees no reason to sell it. He wouldn't enter now with 30x earnings. It works as a core holding since life science has good growth potential.
machinery
PAST TOP PICK
PAST TOP PICK
February 7, 2020
(A Top Pick Jan 17/19, Down 7%) He blames the CFO for the loss. They were signing contracts that were not compliant and their guidance was off. Even though the stock is down, if they have earnings of 3.20 per share range, the stock is fully valued. If they make 4.20 next year, the stock becomes cheap and you might see it trading at 14x earnings. Infrastructure needs are large in the US so he expects it to perform.
Show full opinionHide full opinion(A Top Pick Jan 17/19, Down 7%) He blames the CFO for the loss. They were signing contracts that were not compliant and their guidance was off. Even though the stock is down, if they have earnings of 3.20 per share range, the stock is fully valued. If they make 4.20 next year, the stock becomes cheap and you might see it trading at 14x earnings. Infrastructure needs are large in the US so he expects it to perform.
PAST TOP PICK
PAST TOP PICK
February 7, 2020
(A Top Pick Jan 17/19, Up 68%) This is artificial intelligence that is replacing people in call centres. These are insurance and financial call centres. He expects there to still be a long runway to come. This trades in France.
(A Top Pick Jan 17/19, Up 68%) This is artificial intelligence that is replacing people in call centres. These are insurance and financial call centres. He expects there to still be a long runway to come. This trades in France.
COMMENT
COMMENT
February 7, 2020
We saw bond prices rising by 6 basis points which is a concern. The yield curve has inverted yet again. Bond investors are running to the hills. Looking at the junk bond yields, at 2008, it was at 16%. Now, the yield is at 3%. It tells him that the bond market does not reflect the equities.
Show full opinionHide full opinionWe saw bond prices rising by 6 basis points which is a concern. The yield curve has inverted yet again. Bond investors are running to the hills. Looking at the junk bond yields, at 2008, it was at 16%. Now, the yield is at 3%. It tells him that the bond market does not reflect the equities.
COMMENT
COMMENT
February 7, 2020
Looking at the background of what's going on and why. Last year the NASDAQ was up 35% and stock prices were up 25% based on price-earnings multiple expansion and not on earnings. There were investors who were rotating sectors or piling into shares, like what happened to Tesla. He would recommend half-position entries. Have some cash on hand to see how things unfold.
Show full opinionHide full opinionLooking at the background of what's going on and why. Last year the NASDAQ was up 35% and stock prices were up 25% based on price-earnings multiple expansion and not on earnings. There were investors who were rotating sectors or piling into shares, like what happened to Tesla. He would recommend half-position entries. Have some cash on hand to see how things unfold.
COMMENT
COMMENT
February 7, 2020
Historically, momentum traders last around 2-3 years. When the music stops, stocks can dip 60%. Right now, the stock market is overbought so any volatility will send the market even lower quickly.
Show full opinionHide full opinionHistorically, momentum traders last around 2-3 years. When the music stops, stocks can dip 60%. Right now, the stock market is overbought so any volatility will send the market even lower quickly.
DON'T BUY
DON'T BUY
February 7, 2020
It's suffering like any company in the commodities space. As USD stays strong, commodity prices continue to fall. This impacts Nutrien's potash and other phosphates. They are holding steady in their retail business. The dividend is not under stress so you get paid while you wait. However, there's nothing on the horizon that commodity prices will improve so it's not the time to buy.
Show full opinionHide full opinionIt's suffering like any company in the commodities space. As USD stays strong, commodity prices continue to fall. This impacts Nutrien's potash and other phosphates. They are holding steady in their retail business. The dividend is not under stress so you get paid while you wait. However, there's nothing on the horizon that commodity prices will improve so it's not the time to buy.
agriculture
DON'T BUY
DON'T BUY
February 7, 2020
Since 2000, they have had negative free cashflow. They have been unable to generate enough cashflow to cover capital expenditures. Things have gotten more expensive along the way and the debt load is weighing down. Most of it is coming due in the next 3 years. They have sold off most assets that they could, and they may sell off their private jet business. However, it will not be enough to cover the debt load. He would look at the bonds if you want a Bombardier but he wouldn't be a buyer.
Show full opinionHide full opinionSince 2000, they have had negative free cashflow. They have been unable to generate enough cashflow to cover capital expenditures. Things have gotten more expensive along the way and the debt load is weighing down. Most of it is coming due in the next 3 years. They have sold off most assets that they could, and they may sell off their private jet business. However, it will not be enough to cover the debt load. He would look at the bonds if you want a Bombardier but he wouldn't be a buyer.
transportation equip & components
HOLD
HOLD
February 7, 2020
The stock took a hit but he would hold. Their pump software is not working and they had to withdraw it from the market. Yesterday, they reduced their forward earnings $12-$12.10. He wouldn't buy it today, but if it falls to 15x earnings, he would pull the trigger. They started with needles and they have existed for over 100 years. They continue to pay down their debt and their dividends are rising at around 7%. You can invest in it and let the company do what it does.
Show full opinionHide full opinionThe stock took a hit but he would hold. Their pump software is not working and they had to withdraw it from the market. Yesterday, they reduced their forward earnings $12-$12.10. He wouldn't buy it today, but if it falls to 15x earnings, he would pull the trigger. They started with needles and they have existed for over 100 years. They continue to pay down their debt and their dividends are rising at around 7%. You can invest in it and let the company do what it does.
Healthcare
BUY
BUY
February 7, 2020
It's part of the S&P500 midcap so it moves in tandem with it. They had a very good quarter and their Latin American operations continue to grow. Retail sales and pawn fees have been rising. If they receive more jewellery, and the USD goes down and gold prices go out, they might be a beneficiary. They have owned it for 5 years and will continue to own it.
Show full opinionHide full opinionIt's part of the S&P500 midcap so it moves in tandem with it. They had a very good quarter and their Latin American operations continue to grow. Retail sales and pawn fees have been rising. If they receive more jewellery, and the USD goes down and gold prices go out, they might be a beneficiary. They have owned it for 5 years and will continue to own it.
banks
BUY
BUY
February 7, 2020
You have to think not only about their water purification in India and China. They sold off inventories within China so they could sell upscaled equipment that are energy efficient. Their North American side of the business is also not to be neglected. Their sales here are 50% of the business with water purification, water heaters and air purification. In India, they are building revenue and will start making profit there too. The dividend continues to grow above average, and earnings for next year are between 2.40 -2.50 a share which is 20x earnings. If it goes down $5, he would be interested in adding to a position.
Show full opinionHide full opinionYou have to think not only about their water purification in India and China. They sold off inventories within China so they could sell upscaled equipment that are energy efficient. Their North American side of the business is also not to be neglected. Their sales here are 50% of the business with water purification, water heaters and air purification. In India, they are building revenue and will start making profit there too. The dividend continues to grow above average, and earnings for next year are between 2.40 -2.50 a share which is 20x earnings. If it goes down $5, he would be interested in adding to a position.
misc industrial products
DON'T BUY
DON'T BUY
February 7, 2020
With the MSCI, you get 2000 companies worldwide. You don't need another all-world fund since there will be correlation risk. It's a fundamental way to get into the stock market. He would wait and see what happens in the market, since he believes we'll see an opportunity to buy at a cheaper price.
Show full opinionHide full opinionWith the MSCI, you get 2000 companies worldwide. You don't need another all-world fund since there will be correlation risk. It's a fundamental way to get into the stock market. He would wait and see what happens in the market, since he believes we'll see an opportunity to buy at a cheaper price.
E.T.F.'s
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