Michael Simpson, CFA
Senior Vice-President at Sentry Investments
Member since: Oct '05 · 1214 Opinions
Rating Card
| All | 
Rating
| 
Big Win
| 
Win
| 
Neutral
| 
Loss
| 
Big Loss
|  |
|---|---|---|---|---|---|---|---|
| 3.7 | 58 27.23% | 57 26.76% | 32 15.02% | 45 21.13% | 21 9.86% | ||
| 1 Month | 3.74 | 0 0.00% | 18 41.86% | 18 41.86% | 7 16.28% | 0 0.00% | |
| 6 Months | 3.78 | 6 13.95% | 18 41.86% | 6 13.95% | 11 25.58% | 2 4.65% | |
| 12 Months | 3.56 | 14 32.56% | 8 18.60% | 7 16.28% | 9 20.93% | 5 11.63% | |
| 2 Years | 3.55 | 15 34.88% | 7 16.28% | 1 2.33% | 13 30.23% | 7 16.28% | |
| 5 Years | 3.89 | 23 56.10% | 6 14.63% | 0 0.00% | 5 12.20% | 7 17.07% |
Stock Opinions by Michael Simpson, CFA
N/A
Market. There is a demand for stability and for yield. There were some hundred-year European bonds issued in Austria at just over 1%. You are a lot better with European stocks that have a dividend over 1% and increase their dividends over time. Either the bond market or the stock market is right at being at all time highs. Resolving trade issues over the next 6 months would give reasons for the economy to improve. In a pullback he would look for sectors such as healthcare. Companies have to be able to increase dividends.
BUY
Yielding oil companies such as CNQ-T (Owns), WCP-T, VET-T. CNQ-T is cheap and trades under 5 times cash flow and has great assets. He has been buying it. VET-T is a great company and has maintained their dividend over a dozen years. WCP-T is smaller but an excellent company and trading at a cheap valuation.
COMMENT
It has a US parent and they want to deleverage their balance sheet. CMHC is the biggest in their space. Some banks like to give some of their business to Genworth. He does not know if the US parent will sell to the Canadian public. Holders should consult with a financial advisor as to whether to sell or move on.
0
BUY
Wind in the North Sea. They started in Canada. They decided two years ago whether to put themselves up for sale and it did not go through. It has stable cash flows and there is potential for a rising dividend. Debt goes up when projects are build and then when completed, cash flow goes up and debt goes down. He sees good prospects for it going forward.
Utilities
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