Stock Opinions by Gordon Reid - Stockchase Experts
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Gordon Reid @

On Stockchase since : Oct 2007

President at GoodReid Investment Counsel

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Stock Opinions by Gordon Reid - Stockchase Experts

Signal Opinion Expert Chart
COMMENT
General Market Comment 

December 19, 2018

Market Outlook He sees extreme oversold indicators in the market right now. The market has discounted a deep recession for next year, which is good, he thinks. Now the market looks forward and there is great opportunity. Looking at corporate earnings and GDP growth he is not too pessimistic; rather thinking that a lot of the issues concerning the market are transient. You need to take on a non-emotional view of the market. His balanced portfolio is about 6% above his benchmark -- he is pleased with his performance this year.
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Market Outlook He sees extreme oversold indicators in the market right now. The market has discounted a deep recession for next year, which is good, he thinks. Now the market looks forward and there is great opportunity. Looking at corporate earnings and GDP growth he is not too pessimistic; rather thinking that a lot of the issues concerning the market are transient. You need to take on a non-emotional view of the market. His balanced portfolio is about 6% above his benchmark -- he is pleased with his performance this year.
Unknown
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Gordon Reid

President, GoodReid Investment ...

Price Price
$0.000
Owned Owned
Unknown

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DON'T BUY
Starbucks(SBUX-Q) 

December 19, 2018

It has always been too expensive for him. Maybe they have built out too many stores, but it has had a hard time continuing to justify valuations.
food services
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It has always been too expensive for him. Maybe they have built out too many stores, but it has had a hard time continuing to justify valuations.
food services
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Gordon Reid

President, GoodReid Investment ...

Price Price
$64.060
Owned Owned
No

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HOLD
Anthem Inc(ANTM-N) 

December 19, 2018

Health insurer in the US. With Obama Care, it is hard to know if it will be repealed or not. A good company, trading at reasonable valuations.
medical services
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Health insurer in the US. With Obama Care, it is hard to know if it will be repealed or not. A good company, trading at reasonable valuations.
medical services
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Gordon Reid

President, GoodReid Investment ...

Price Price
$257.610
Owned Owned
Yes

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DON'T BUY
Procter & Gamble(PG-N) 

December 19, 2018

They try to manage their P&L well to earn a 7-9% earnings growth rate and the yields have competed well against bonds. He is hesitant on this space, because society has evolved away from buying branded products that can be 50% more expensive.
misc consumer products
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They try to manage their P&L well to earn a 7-9% earnings growth rate and the yields have competed well against bonds. He is hesitant on this space, because society has evolved away from buying branded products that can be 50% more expensive.
misc consumer products
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Gordon Reid

President, GoodReid Investment ...

Price Price
$91.760
Owned Owned
No

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COMMENT
CVS Health Corp(CVS-N) 

December 19, 2018

CVS or BAC? He owns both and struggles to pick one over the other. Building a portfolio with different balances makes sense. CVS is a little out of favour as it is being "Amazoned". However, they have 11,000 locations in the US and have set up mini-health clinics with nurses on staff -- a good differentiation. BAC has corrected and is now trading at recessionary levels (below book value) -- extreme levels not seen since 2008 and great value.
specialty stores
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CVS or BAC? He owns both and struggles to pick one over the other. Building a portfolio with different balances makes sense. CVS is a little out of favour as it is being "Amazoned". However, they have 11,000 locations in the US and have set up mini-health clinics with nurses on staff -- a good differentiation. BAC has corrected and is now trading at recessionary levels (below book value) -- extreme levels not seen since 2008 and great value.
specialty stores
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0 comments
Gordon Reid

President, GoodReid Investment ...

Price Price
$68.590
Owned Owned
Yes

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COMMENT
Bank of America(BAC-N) 

December 19, 2018

CVS or BAC? He owns both and struggles to pick one over the other. Building a portfolio with different balances makes sense. CVS is a little out of favour as it is being "Amazoned". However, they have 11,000 locations in the US and have set up mini-health clinics with nurses on staff -- a good differentiation. BAC has corrected and is now trading at recessionary levels (below book value) -- extreme levels not seen since 2008 and great value.
banks
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CVS or BAC? He owns both and struggles to pick one over the other. Building a portfolio with different balances makes sense. CVS is a little out of favour as it is being "Amazoned". However, they have 11,000 locations in the US and have set up mini-health clinics with nurses on staff -- a good differentiation. BAC has corrected and is now trading at recessionary levels (below book value) -- extreme levels not seen since 2008 and great value.
banks
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0 comments
Gordon Reid

President, GoodReid Investment ...

Price Price
$24.180
Owned Owned
Yes

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DON'T BUY
Square Inc(SQ-N) 

December 19, 2018

It is hard to not be excited about their new technology in payment systems. His concern is paying 9 times revenue -- hugely expensive, he thinks. Maybe it stands the test of time, but he will pass at this level.
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It is hard to not be excited about their new technology in payment systems. His concern is paying 9 times revenue -- hugely expensive, he thinks. Maybe it stands the test of time, but he will pass at this level.
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Gordon Reid

President, GoodReid Investment ...

Price Price
$59.030
Owned Owned
No

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DON'T BUY
Pfizer Inc(PFE-N) 

December 19, 2018

They make their money by constantly cost cutting. When their drugs go off-patent then they need to find another to replace it. It is a leaky-boat story. When you look at the cost multiples, which he thinks are expensive, he would pass on this. He would consider bio-pharma instead.
biotechnology/pharmaceutical
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They make their money by constantly cost cutting. When their drugs go off-patent then they need to find another to replace it. It is a leaky-boat story. When you look at the cost multiples, which he thinks are expensive, he would pass on this. He would consider bio-pharma instead.
biotechnology/pharmaceutical
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Gordon Reid

President, GoodReid Investment ...

Price Price
$41.970
Owned Owned
No

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BUY
Walgreen Boots Alliance(WBA-Q) 

December 19, 2018

They have 13,000 stores in the US and just bought many more stores recently. They struggled to bring those into the structure, but feels they are going to do well. Trading at 12.5 times earnings (about 30% discount to normal). It is a Dow component. He thinks there are good things to come.
specialty stores
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They have 13,000 stores in the US and just bought many more stores recently. They struggled to bring those into the structure, but feels they are going to do well. Trading at 12.5 times earnings (about 30% discount to normal). It is a Dow component. He thinks there are good things to come.
specialty stores
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0 comments
Gordon Reid

President, GoodReid Investment ...

Price Price
$73.290
Owned Owned
Yes

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DON'T BUY
Goldman Sachs(GS-N) 

December 19, 2018

They are trading at 67% of book value, but are also impacted by a fraud issue in Malaysia. There is fear that there may be more issues to company. An inexpensive stock now, but there may be better opportunities out there.
investment companies/funds
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They are trading at 67% of book value, but are also impacted by a fraud issue in Malaysia. There is fear that there may be more issues to company. An inexpensive stock now, but there may be better opportunities out there.
investment companies/funds
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Gordon Reid

President, GoodReid Investment ...

Price Price
$169.250
Owned Owned
No

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PAST TOP PICK
Walt Disney(DIS-N) 

December 19, 2018

(A Top Pick Jan 30/18, Up 2%) It got mired in owning ABC and ESPN, which struggled with lost subscribers. They then made an offer for 21st Century Fox -- this was a great buy. He felt this diluted the impact of owning ABC and ESPN. They can move the Disney library online and compete against Netflix. They are trading at 15 times earnings and it has a long runaway ahead of itself.
entertainment services
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(A Top Pick Jan 30/18, Up 2%) It got mired in owning ABC and ESPN, which struggled with lost subscribers. They then made an offer for 21st Century Fox -- this was a great buy. He felt this diluted the impact of owning ABC and ESPN. They can move the Disney library online and compete against Netflix. They are trading at 15 times earnings and it has a long runaway ahead of itself.
entertainment services
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0 comments
Gordon Reid

President, GoodReid Investment ...

Price Price
$109.220
Owned Owned
Yes

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PAST TOP PICK
Hexcel Corp(HXL-N) 

December 19, 2018

(A Top Pick Jan 30/18, Down 13%) This company makes carbon-fibre materials with 66% of their revenue in the commercial airline businesses -- such as Boeing. They make the skin on aircraft. The lightweight material adds to fuel efficiencies. They trade at 20 times earnings. He thinks it is being impacted by issues with China, but he thinks this will pass.
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(A Top Pick Jan 30/18, Down 13%) This company makes carbon-fibre materials with 66% of their revenue in the commercial airline businesses -- such as Boeing. They make the skin on aircraft. The lightweight material adds to fuel efficiencies. They trade at 20 times earnings. He thinks it is being impacted by issues with China, but he thinks this will pass.
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Gordon Reid

President, GoodReid Investment ...

Price Price
$56.810
Owned Owned
Yes

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PAST TOP PICK
Time Warner Inc(TWX-N) 

December 19, 2018

(A Top Pick Jan 30/18, Up 5%) This stock was bought by AT&T back in June 2018. The US Justice Department originally challenged the takeover, which had given him another opportunity to buy and profit along the way. He would not be interested in owning AT&T as he does not like the direction they are going -- buying DirectTV (which is highly capital intensive).
Broadcasting
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(A Top Pick Jan 30/18, Up 5%) This stock was bought by AT&T back in June 2018. The US Justice Department originally challenged the takeover, which had given him another opportunity to buy and profit along the way. He would not be interested in owning AT&T as he does not like the direction they are going -- buying DirectTV (which is highly capital intensive).
Broadcasting
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0 comments
Gordon Reid

President, GoodReid Investment ...

Price Price
$0.000
Owned Owned
_N/A

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BUY on WEAKNESS
Costco Wholesale(COST-Q) 

December 19, 2018

Class action lawsuit? He was not aware of any class action lawsuit. He likes the membership revenues as it creates a competitive advantage over Walmart and others. The valuation is always a little to rich for him. He is not sure that expansion to Europe will be wildly successful. He is ambivalent, but would look to buy on weakness -- at better valuation metrics.
department stores
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Class action lawsuit? He was not aware of any class action lawsuit. He likes the membership revenues as it creates a competitive advantage over Walmart and others. The valuation is always a little to rich for him. He is not sure that expansion to Europe will be wildly successful. He is ambivalent, but would look to buy on weakness -- at better valuation metrics.
department stores
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Gordon Reid

President, GoodReid Investment ...

Price Price
$201.410
Owned Owned
No

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BUY
Cisco(CSCO-Q) 

December 19, 2018

The company has done well re-inventing themselves. They added cloud assets and more relevant technology. He regrets missing their successful transformation.
electrical/electronic
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The company has done well re-inventing themselves. They added cloud assets and more relevant technology. He regrets missing their successful transformation.
electrical/electronic
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Gordon Reid

President, GoodReid Investment ...

Price Price
$43.140
Owned Owned
No

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