Stock Opinions by Mark Carpani - Stockchase Experts
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Mark Carpani

On Stockchase since : Jun 2007

Senior Vice President at Ridgewood Capital

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Stock Opinions by Mark Carpani - Stockchase Experts

Signal Opinion Expert Chart
DON'T BUY
Doesn't like this because you are buying the index and if you believe rates are going to rise, you want an actively managed portfolio. You don't want to hold anything in the 1-5 year area, which make up almost half this index.
E.T.F.'s
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Doesn't like this because you are buying the index and if you believe rates are going to rise, you want an actively managed portfolio. You don't want to hold anything in the 1-5 year area, which make up almost half this index.
E.T.F.'s
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0 comments
Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$29.690
Owned Owned
No

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COMMENT
General Market Comment 

March 11, 2010

Bank perpetual preferreds. Paying over 5% but if interest rates go up will the banks call these? As interest rates rise, bonds and preferreds will get hurt, especially perpetuals. Generally, the banks do not call these.
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Bank perpetual preferreds. Paying over 5% but if interest rates go up will the banks call these? As interest rates rise, bonds and preferreds will get hurt, especially perpetuals. Generally, the banks do not call these.
Unknown
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0 comments
Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$0.020
Owned Owned
No

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COMMENT
General Market Comment 

March 11, 2010

US or Canadian corporate bonds? He would prefer to the Canadian over the US. Doesn't like the currency risk. Also, Canadian corporate balance sheets are generally in better shape. Growth prospects for Canada is probably better.
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US or Canadian corporate bonds? He would prefer to the Canadian over the US. Doesn't like the currency risk. Also, Canadian corporate balance sheets are generally in better shape. Growth prospects for Canada is probably better.
Unknown
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Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
BCE Inc.(BCE-T) 

March 11, 2010

Strip bond due in 2026, yield of 6.2%. 16 years is fairly long and it is a zero coupon bond which means duration is also 16. If you don't need the cash flow, it is an OK longer-term hold.
telephone utilities
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Strip bond due in 2026, yield of 6.2%. 16 years is fairly long and it is a zero coupon bond which means duration is also 16. If you don't need the cash flow, it is an OK longer-term hold.
telephone utilities
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Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$30.570
Owned Owned
No

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COMMENT
Emera Inc(EMA-T) 

March 11, 2010

4.83% due 2019 trading around par. Pretty stable cash flow and is rated BBB high so good from a credit perspective. 90% of revenue from Nova Scotia Power/Bangor Hydroelectric, which is pretty safe cash flow.
mngmnt/diversified
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4.83% due 2019 trading around par. Pretty stable cash flow and is rated BBB high so good from a credit perspective. 90% of revenue from Nova Scotia Power/Bangor Hydroelectric, which is pretty safe cash flow.
mngmnt/diversified
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Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$24.080
Owned Owned
Yes

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HOLD
Yellow Media Inc(Y-T) 

March 11, 2010

Preferred bonds with 7% yield. Preferreds would rank a little below on the capital structure. Comfortable with this name.
communications/media
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Preferred bonds with 7% yield. Preferreds would rank a little below on the capital structure. Comfortable with this name.
communications/media
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Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$6.000
Owned Owned
Yes

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COMMENT
General Market Comment 

March 11, 2010

City of Winnipeg bonds Feb 11/13 yielding 9.375%. Credit risk is pretty close to zero. Between now and 2013, it will go from $118-$100. So every year you lose approximately $6 in capital. To offset that you are getting a huge coupon.
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City of Winnipeg bonds Feb 11/13 yielding 9.375%. Credit risk is pretty close to zero. Between now and 2013, it will go from $118-$100. So every year you lose approximately $6 in capital. To offset that you are getting a huge coupon.
Unknown
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0 comments
Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$0.020
Owned Owned
No

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COMMENT
General Market Comment 

March 11, 2010

Bank preferred shares as an alternative to GICs? The preferreds would be a better alternative. Credit risk is slightly higher but not much. They won't always be at $.25 on the $1 so will be more volatile. You may have figured out at quite a discount depending on market conditions,
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Bank preferred shares as an alternative to GICs? The preferreds would be a better alternative. Credit risk is slightly higher but not much. They won't always be at $.25 on the $1 so will be more volatile. You may have figured out at quite a discount depending on market conditions,
Unknown
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Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

December 29, 2009

Strip Bonds. Coupons are stripped so you only have the cash at a future date. Good in a portfolio where you want some longer-term duration as they normally have a longer term than an average bond.
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Strip Bonds. Coupons are stripped so you only have the cash at a future date. Good in a portfolio where you want some longer-term duration as they normally have a longer term than an average bond.
Unknown
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0 comments
Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$0.020
Owned Owned
Unknown

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DON'T BUY
General Market Comment 

December 29, 2009

Canada 2% 2014 Bond. Only yields about 2.8%-2.9%. If you have a low risk tolerance, it is probably an okay security. He would prefer corporate bonds.
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Canada 2% 2014 Bond. Only yields about 2.8%-2.9%. If you have a low risk tolerance, it is probably an okay security. He would prefer corporate bonds.
Unknown
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Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$0.020
Owned Owned
No

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COMMENT
1-5 Year Ladder Corp Bond ETF. Fairly short-term investment with all the securities being under 5 years. If there is a backup in interest rates because of inflation expectations, there could be a setback in price but risk would be fairly low so doesn't see a problem for the short-term.
E.T.F.'s
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1-5 Year Ladder Corp Bond ETF. Fairly short-term investment with all the securities being under 5 years. If there is a backup in interest rates because of inflation expectations, there could be a setback in price but risk would be fairly low so doesn't see a problem for the short-term.
E.T.F.'s
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Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$20.700
Owned Owned
No

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COMMENT
General Market Comment 

December 29, 2009

When to sell a bond? Before he buys a bond, he sets a target price to exit out of the position. E.g. if he buys a government bond with a 4% yield and he thinks rates are going to drop 25 basis points, when it gets to those levels he will start exiting. For corporate bonds, if this spreads narrow significantly on a short-term basis, he would probably sell it a bit ahead of time.
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When to sell a bond? Before he buys a bond, he sets a target price to exit out of the position. E.g. if he buys a government bond with a 4% yield and he thinks rates are going to drop 25 basis points, when it gets to those levels he will start exiting. For corporate bonds, if this spreads narrow significantly on a short-term basis, he would probably sell it a bit ahead of time.
Unknown
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0 comments
Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

December 29, 2009

Gold. Decent play as he thinks the US$ is going to be weak, which will cause the price of gold to go up. Any hiccups or downdrafts in the equity market could cause gold to appreciate.
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Gold. Decent play as he thinks the US$ is going to be weak, which will cause the price of gold to go up. Any hiccups or downdrafts in the equity market could cause gold to appreciate.
Unknown
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0 comments
Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$0.020
Owned Owned
Yes

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DON'T BUY
Real Return Bond ETF. A lot of the return this year has come from inflation expectations but he doesn't think inflation will materialize. There is not a great supply of these bonds and they have been a good trade but he doesn't think it will be repeated in 2010.
E.T.F.'s
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Real Return Bond ETF. A lot of the return this year has come from inflation expectations but he doesn't think inflation will materialize. There is not a great supply of these bonds and they have been a good trade but he doesn't think it will be repeated in 2010.
E.T.F.'s
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0 comments
Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$20.400
Owned Owned
Unknown

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BUY
General Market Comment 

December 29, 2009

Canada Housing Trust 1 3.75% maturing 2020. Good holding for a Tax-Free Savings account? Yes because all the income is taxable and this is not too long of a holding. Better than having money in a bank.
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Canada Housing Trust 1 3.75% maturing 2020. Good holding for a Tax-Free Savings account? Yes because all the income is taxable and this is not too long of a holding. Better than having money in a bank.
Unknown
0 0 0 0 0
0 comments
Mark Carpani

Senior Vic, Ridgewood Capital...

Price Price
$0.020
Owned Owned
Unknown

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