Gordon Reid
Member since: Oct '07
President at
GoodReid Investment Counsel
GoodReid Investment Counsel
2430 Opinions
Latest Top Picks
(A Top Pick Oct 03/18, Down 1%) Not as bullish on US financials. Has lightened up on the group. Financials generally like steepening yield curves. Likes Citi on its valuation. Management getting better. Compelling long-term hold. Quality + price = value.
(A Top Pick Oct 03/18, Down 19%) Auto industry has been on its back. Need a solution in the trade wars. Fine company. Trades at 8x earnings. 10% free cashflow yield. Good quality company. No reason to sell.
(A Top Pick Oct 03/18, Up 32%) Stock's gone up 32%, but fundamentals haven't improved by the same amount. Defensive hold. Somewhat recession-proof. Likes management. Struggling with recycling. China is no longer a big recipient of recycling, but WM is building recycling capacity.
Small cap. Construction services. Reasonably priced at 15x earnings. 7% free cashflow yield. 95% of revenue comes from US. Nice option in the face of trade wars. Yield is 0.36%. (Analysts’ price target is $93.40)
They're growing. Despite regulatory headwinds, people want them. Real growth engine is Instagram. Growing into their valuation of 22x earnings. No dividend. (Analysts’ price target is $231.24)
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COMMENT
COMMENT
October 17, 2019
Markets right now. White House is stealing the headlines. Don't confuse political turmoil with market turmoil. Politicians come and go, and markets have a long life. In the last 2 impeachments, the markets went in opposite directions.
Markets right now. White House is stealing the headlines. Don't confuse political turmoil with market turmoil. Politicians come and go, and markets have a long life. In the last 2 impeachments, the markets went in opposite directions.
Gordon Reid
President, GoodReid Investment Counsel
COMMENT
COMMENT
October 17, 2019
E-Trade is under pressure now. Markets care less about what you did, and more about what you're going to do. Have cut commissions to zero, which will affect all discount brokers. Often see knee-jerk reactions to results, though it opened up after hours, so you have to be careful.
E-Trade is under pressure now. Markets care less about what you did, and more about what you're going to do. Have cut commissions to zero, which will affect all discount brokers. Often see knee-jerk reactions to results, though it opened up after hours, so you have to be careful.
Gordon Reid
President, GoodReid Investment Counsel
COMMENT
COMMENT
October 17, 2019
How do you position in this market? He doesn't try to time the market. Set up a long-term investment policy and asset mix and stick with it. When equities go above the correct percentage, they take profits by selling high and reinvest by buying low.
How do you position in this market? He doesn't try to time the market. Set up a long-term investment policy and asset mix and stick with it. When equities go above the correct percentage, they take profits by selling high and reinvest by buying low.
Gordon Reid
President, GoodReid Investment Counsel
BUY
BUY
October 17, 2019
Good company. Biggest product is pacemakers. Trades at 19x earnings. Good stock price stability. Trades attractively against peers. Given the multiple, and predictability of earnings, you should look at a 10% return or greater over time.
Good company. Biggest product is pacemakers. Trades at 19x earnings. Good stock price stability. Trades attractively against peers. Given the multiple, and predictability of earnings, you should look at a 10% return or greater over time.
biotechnology/pharmaceutical
COMMENT
COMMENT
October 17, 2019
Whether you should average down depends on individual circumstances. The concept is ill-founded. The market doesn't care what the average price is. Instead, you could diversify and put your money into another constructive company. If you're just making yourself feel better, think about it carefully.
Whether you should average down depends on individual circumstances. The concept is ill-founded. The market doesn't care what the average price is. Instead, you could diversify and put your money into another constructive company. If you're just making yourself feel better, think about it carefully.
investment companies/funds
DON'T BUY
DON'T BUY
October 17, 2019
One of the good reads on the economy at large. Model is interesting, as 90% of revenue comes from membership fees. So they can keep margins tight. Trades at 35x earnings, high multiple, but skinny margins, so he wouldn't buy.
One of the good reads on the economy at large. Model is interesting, as 90% of revenue comes from membership fees. So they can keep margins tight. Trades at 35x earnings, high multiple, but skinny margins, so he wouldn't buy.
department stores
WATCH
WATCH
October 17, 2019
Difficult to analyze. Successful, but how good is the stock? Trillion dollar market cap, and revenues grow at 20% year over year. Bezos reinvests in the business. Trading at multiples that make no sense. They just want to grow, and they've done a fantastic job. Wants more clarity on revenue and cash flow growth before he'd buy.
Difficult to analyze. Successful, but how good is the stock? Trillion dollar market cap, and revenues grow at 20% year over year. Bezos reinvests in the business. Trading at multiples that make no sense. They just want to grow, and they've done a fantastic job. Wants more clarity on revenue and cash flow growth before he'd buy.
specialty stores
BUY
BUY
October 17, 2019
DIS vs. NFLX Two completely different companies in the same business. Netflix is the grand daddy of streaming. Success built on increasing subscriber base. Under the hood, it's cashflow negative. Accounting tricks let them amortize earnings. Disney is an established behemoth, getting into streaming. They own parks and ESPN, and have substance to support streaming investment.
DIS vs. NFLX Two completely different companies in the same business. Netflix is the grand daddy of streaming. Success built on increasing subscriber base. Under the hood, it's cashflow negative. Accounting tricks let them amortize earnings. Disney is an established behemoth, getting into streaming. They own parks and ESPN, and have substance to support streaming investment.
entertainment services
DON'T BUY
DON'T BUY
October 17, 2019
NFLX vs. DIS Two completely different companies in the same business. Netflix is the grand daddy of streaming. Success built on increasing subscriber base. Under the hood, it's cashflow negative. Accounting tricks let them amortize earnings. Disney is an established behemoth, getting into streaming. They own parks and ESPN, and have substance to support streaming investment.
NFLX vs. DIS Two completely different companies in the same business. Netflix is the grand daddy of streaming. Success built on increasing subscriber base. Under the hood, it's cashflow negative. Accounting tricks let them amortize earnings. Disney is an established behemoth, getting into streaming. They own parks and ESPN, and have substance to support streaming investment.
Unknown
PAST TOP PICK
PAST TOP PICK
October 17, 2019
(A Top Pick Oct 03/18, Down 1%) Not as bullish on US financials. Has lightened up on the group. Financials generally like steepening yield curves. Likes Citi on its valuation. Management getting better. Compelling long-term hold. Quality + price = value.
(A Top Pick Oct 03/18, Down 1%) Not as bullish on US financials. Has lightened up on the group. Financials generally like steepening yield curves. Likes Citi on its valuation. Management getting better. Compelling long-term hold. Quality + price = value.
insurance
PAST TOP PICK
PAST TOP PICK
October 17, 2019
(A Top Pick Oct 03/18, Down 19%) Auto industry has been on its back. Need a solution in the trade wars. Fine company. Trades at 8x earnings. 10% free cashflow yield. Good quality company. No reason to sell.
(A Top Pick Oct 03/18, Down 19%) Auto industry has been on its back. Need a solution in the trade wars. Fine company. Trades at 8x earnings. 10% free cashflow yield. Good quality company. No reason to sell.
Automotive
PAST TOP PICK
PAST TOP PICK
October 17, 2019
(A Top Pick Oct 03/18, Up 32%) Stock's gone up 32%, but fundamentals haven't improved by the same amount. Defensive hold. Somewhat recession-proof. Likes management. Struggling with recycling. China is no longer a big recipient of recycling, but WM is building recycling capacity.
(A Top Pick Oct 03/18, Up 32%) Stock's gone up 32%, but fundamentals haven't improved by the same amount. Defensive hold. Somewhat recession-proof. Likes management. Struggling with recycling. China is no longer a big recipient of recycling, but WM is building recycling capacity.
environmental
DON'T BUY
DON'T BUY
October 17, 2019
DON'T BUY
DON'T BUY
October 17, 2019
Wouldn't be a buyer at almost any price. Too much of an unknown with asbestos in talc, opioids, etc. Operationally, doing fine. But unknown legal liabilities in front of them, which often lead to a contraction of valuation.
Wouldn't be a buyer at almost any price. Too much of an unknown with asbestos in talc, opioids, etc. Operationally, doing fine. But unknown legal liabilities in front of them, which often lead to a contraction of valuation.
biotechnology/pharmaceutical
DON'T BUY
DON'T BUY
October 17, 2019
Cash cow, but how much growth is there? What are its long-term opportunities? Tobacco side of the business is in decline. Vaping, the saviour, now under pressure. Don't be baited by the high dividend. Not a good result if you get the dividend, but stock price declines.
Cash cow, but how much growth is there? What are its long-term opportunities? Tobacco side of the business is in decline. Vaping, the saviour, now under pressure. Don't be baited by the high dividend. Not a good result if you get the dividend, but stock price declines.
tobacco
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