Stock Opinions by Don Lato - Stockchase Experts
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Don Lato @

On Stockchase since : Nov 2007

President at Padlock Investment Management

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Don Lato Latest Top Picks...

Stock Opinions by Don Lato - Stockchase Experts

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TOP PICK
A long term holding for him. The stock price is almost half of its high. The National Bank released a report recently that highlighted how they will do in a slowing economy and with other concerns in a favourable light. The company is trading at 6.3 times earnings versus historical average of 9 times. A steady grower with a 2.5 year backlog in orders. Yield 4.7%. (Analysts’ price target is $54.14)
Automotive
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A long term holding for him. The stock price is almost half of its high. The National Bank released a report recently that highlighted how they will do in a slowing economy and with other concerns in a favourable light. The company is trading at 6.3 times earnings versus historical average of 9 times. A steady grower with a 2.5 year backlog in orders. Yield 4.7%. (Analysts’ price target is $54.14)
Automotive
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Don Lato

President, Padlock Investment M...

Price Price
$32.500
Owned Owned
Yes

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WATCH
Manulife Financial(MFC-T) 

October 29, 2018

It's been hammered because of this lawsuit and report by a short-seller. Normally this would be a buy based on valuation. There's a tiny chance that MFC will lose this case. That said, he'll wait for the decision before buying this. The judgement may pass in late-2018 or early-2019.

insurance
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It's been hammered because of this lawsuit and report by a short-seller. Normally this would be a buy based on valuation. There's a tiny chance that MFC will lose this case. That said, he'll wait for the decision before buying this. The judgement may pass in late-2018 or early-2019.

insurance
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Don Lato

President, Padlock Investment M...

Price Price
$19.860
Owned Owned
Unknown

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BUY
Alphabet Inc. (A)(GOOGL-Q) 

October 29, 2018

He's long owned it and it's a major holding. All the FANGs have been hit lately. Google's last report beat, but their revenues were light. It went down today because of the general sell-off and a possible UK digital tax is rearing its head. The markets are overreacting now. Google has 21x earnings for 2019, so it's still reasonable. Now, is a great entry point.

Business Services
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He's long owned it and it's a major holding. All the FANGs have been hit lately. Google's last report beat, but their revenues were light. It went down today because of the general sell-off and a possible UK digital tax is rearing its head. The markets are overreacting now. Google has 21x earnings for 2019, so it's still reasonable. Now, is a great entry point.

Business Services
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Don Lato

President, Padlock Investment M...

Price Price
$1034.730
Owned Owned
Yes

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DON'T BUY
Aurora Cannabis(ACB-T) 

October 29, 2018

This sector has been caught up in euphoria. Peers are now breaking below their 200-day moving averages, which is not a good sign. This sector is very, very overvalued though it has a lot of potential. Cannabis is like the internet crash of the late-1900's. Same thing. There will be an industry, but you can't pick out the winners and losers at today's valuations.

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This sector has been caught up in euphoria. Peers are now breaking below their 200-day moving averages, which is not a good sign. This sector is very, very overvalued though it has a lot of potential. Cannabis is like the internet crash of the late-1900's. Same thing. There will be an industry, but you can't pick out the winners and losers at today's valuations.

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Don Lato

President, Padlock Investment M...

Price Price
$7.700
Owned Owned
No

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HOLD
Freehold Royalties(FRU-T) 

October 29, 2018

Pays a fair 6.5% dividend yield. Things are as bleak as they can be in Canadian oil. FRU is generating enough cash to pay their dividend. Don't buy more or enter it. Hold.

oil/gas
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Pays a fair 6.5% dividend yield. Things are as bleak as they can be in Canadian oil. FRU is generating enough cash to pay their dividend. Don't buy more or enter it. Hold.

oil/gas
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Don Lato

President, Padlock Investment M...

Price Price
$9.610
Owned Owned
Unknown

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COMMENT
General Market Comment 

October 29, 2018

Canadian  banks: All are 10-15% off their highs and have broken below their 200-day moving averages. If you're long-term, you'll get paid a decent dividend to wait. Eventually the big 5 banks will come back. Good P/E's. You can buy them now for the long term. He prefers TD for its U.S. exposure, and the weak Canadian dollar. The banks could fall another 5% along with this market. Nobody knows.

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Canadian  banks: All are 10-15% off their highs and have broken below their 200-day moving averages. If you're long-term, you'll get paid a decent dividend to wait. Eventually the big 5 banks will come back. Good P/E's. You can buy them now for the long term. He prefers TD for its U.S. exposure, and the weak Canadian dollar. The banks could fall another 5% along with this market. Nobody knows.

Unknown
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Don Lato

President, Padlock Investment M...

Price Price
$0.020
Owned Owned
Unknown

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PAST TOP PICK
Parex Resources Inc.(PXT-T) 

October 29, 2018

(Past Top Pick Nov. 30, 2017, Up 7%)  He still own this and will talk about it later (in the show).

oil/gas
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(Past Top Pick Nov. 30, 2017, Up 7%)  He still own this and will talk about it later (in the show).

oil/gas
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Don Lato

President, Padlock Investment M...

Price Price
$18.420
Owned Owned
Yes

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DON'T BUY
Amazon.com(AMZN-Q) 

October 29, 2018

They've had a rough few days after reporting last week. They're starting to report earnings regularly, so investors can now put multiples on them. Their 56x 2019 earnings are too rich for him. It's trading at 19x book. A great company and will do very well across different ventures. Still too pricey for him, but it's getting reasonable.

specialty stores
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They've had a rough few days after reporting last week. They're starting to report earnings regularly, so investors can now put multiples on them. Their 56x 2019 earnings are too rich for him. It's trading at 19x book. A great company and will do very well across different ventures. Still too pricey for him, but it's getting reasonable.

specialty stores
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Don Lato

President, Padlock Investment M...

Price Price
$1538.880
Owned Owned
No

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DON'T BUY
Pfizer Inc(PFE-N) 

October 29, 2018

A very defensive stock with great products and brand, but little earnings growth, not enough for him. Pays a good dividend yield and the company won't go out of business. It will weather this downturn. He prefers Gilead.

biotechnology/pharmaceutical
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A very defensive stock with great products and brand, but little earnings growth, not enough for him. Pays a good dividend yield and the company won't go out of business. It will weather this downturn. He prefers Gilead.

biotechnology/pharmaceutical
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Don Lato

President, Padlock Investment M...

Price Price
$43.230
Owned Owned
No

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BUY
Gilead Sciences Inc.(GILD-Q) 

October 29, 2018

Has long owned it and likes it. They had some bad years when they overpriced their hepatitis C drug and received bad press. They also sell HIV and heart drugs, sectors that are growing. They increased their guidance last week, a rarity these days. At 10x earnings, he'd buy it, not sell it. One overhang is that their CEO is leaving.

biotechnology/pharmaceutical
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Has long owned it and likes it. They had some bad years when they overpriced their hepatitis C drug and received bad press. They also sell HIV and heart drugs, sectors that are growing. They increased their guidance last week, a rarity these days. At 10x earnings, he'd buy it, not sell it. One overhang is that their CEO is leaving.

biotechnology/pharmaceutical
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Don Lato

President, Padlock Investment M...

Price Price
$70.900
Owned Owned
Yes

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WAIT
Boeing(BA-N) 

October 29, 2018

The crash of their 737 in Indonesia hit the stock today. Stay low and wait--see what the aviation findings are. If it turns out that their aircraft are in trouble, this stock will fall further.

Transportation
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The crash of their 737 in Indonesia hit the stock today. Stay low and wait--see what the aviation findings are. If it turns out that their aircraft are in trouble, this stock will fall further.

Transportation
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Don Lato

President, Padlock Investment M...

Price Price
$335.590
Owned Owned
Unknown

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COMMENT
Netflix Inc.(NFLX-Q) 

October 29, 2018

This is a tremendous growth \opportunity as they expand internationally more. He watches it. They can raise their rates by $1 per month and easily raise revenues, yetd nobody will unsubscribe. But their multiple is way too high at 108x forward earnings.

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This is a tremendous growth \opportunity as they expand internationally more. He watches it. They can raise their rates by $1 per month and easily raise revenues, yetd nobody will unsubscribe. But their multiple is way too high at 108x forward earnings.

Unknown
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Don Lato

President, Padlock Investment M...

Price Price
$284.840
Owned Owned
Unknown

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TOP PICK
Parex Resources Inc.(PXT-T) 

October 29, 2018

The best-performing energy stock a year ago, but in July they announced they'd sell their Colombian developmen properties and distributing the cash to shareholders. It's a successful exploration company. They had been generating so much cash flow from their Colombian success that they felt they were being penalized for it, because they couldn't reinvest that cash fast enough. The market took it very negatively. Plus, their August earnings announced a dry well, and triggered more selling. Now, it's one of the worst energy performers. That said, since August they've had two successful well announcements that nobody noticed. Sometimes the market acts irrationally on a stock like this one. Trading at 3.2x cash flow. (Analysts' price target $31.08)

oil/gas
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The best-performing energy stock a year ago, but in July they announced they'd sell their Colombian developmen properties and distributing the cash to shareholders. It's a successful exploration company. They had been generating so much cash flow from their Colombian success that they felt they were being penalized for it, because they couldn't reinvest that cash fast enough. The market took it very negatively. Plus, their August earnings announced a dry well, and triggered more selling. Now, it's one of the worst energy performers. That said, since August they've had two successful well announcements that nobody noticed. Sometimes the market acts irrationally on a stock like this one. Trading at 3.2x cash flow. (Analysts' price target $31.08)

oil/gas
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Don Lato

President, Padlock Investment M...

Price Price
$18.420
Owned Owned
Yes

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TOP PICK
Apple(AAPL-Q) 

October 29, 2018

This is a security blanket in times of volatility. A big, long-time holding for him. Big product and earnings announcements this week. There could be another positive surprise coming. The analysts underestimate the new phones--they could have a good impact on the bottom line.  (1.4% dividend, $237.59 price target

electrical/electronic
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This is a security blanket in times of volatility. A big, long-time holding for him. Big product and earnings announcements this week. There could be another positive surprise coming. The analysts underestimate the new phones--they could have a good impact on the bottom line.  (1.4% dividend, $237.59 price target

electrical/electronic
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Don Lato

President, Padlock Investment M...

Price Price
$212.240
Owned Owned
Yes

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TOP PICK
Borg Warner(BWA-N) 

October 29, 2018

Has come down with all the auto stocks. BWA has outperformed the industry by a lot in the last quarter. Sales growth of 3% vs. -3%. They're making good advances in hybrids and e-cars. Pays 8x 2019 earnings and has a growing market share while the auto market will recover. (1.7% yield, $49.91 price target)

Automotive
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Has come down with all the auto stocks. BWA has outperformed the industry by a lot in the last quarter. Sales growth of 3% vs. -3%. They're making good advances in hybrids and e-cars. Pays 8x 2019 earnings and has a growing market share while the auto market will recover. (1.7% yield, $49.91 price target)

Automotive
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Don Lato

President, Padlock Investment M...

Price Price
$39.560
Owned Owned
Yes

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