Opinions by Lyle Stein | StockChase
768
Lyle Stein

Sr. Portfolio & Managing Director

ON STOCKCHASE SINCE Mar 2008

Vestcap Investment Management

768
Lyle Stein

Sr. Portfolio & Managing Director

ON STOCKCHASE SINCE Mar 2008

Vestcap Investment Management


Opinions by Lyle Stein


Signal Opinion Expert Chart
COMMENT
CGI Group (A)(GIB.A-T) 

August 8, 2017

He is looking at all the Canadian tech stocks, simply because they are down relative to the US ones. This one is reasonably valued and is a fine company. They do a nice job in their contract work and it is a stable producer.

consulting

He is looking at all the Canadian tech stocks, simply because they are down relative to the US ones. This one is reasonably valued and is a fine company. They do a nice job in their contract work and it is a stable producer.

consulting
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$64.060
Owned Owned
No

Must be logged in to use chart
COMMENT
Magna Int'l. (A)(MG-T) 

August 8, 2017

Is the auto sector coming to an end? Is it over? The decline in 2015-2016 reflected some of those concerns. The multiple got compressed, but earnings kept coming through. He is not a believer that the auto cycle is going to stage an immediate come back. A good company to own in the sense that it is cheap, and did remarkably well in taking costs out of the business. Thinks he can get more torque in an upside move from other sectors.

Automotive

Is the auto sector coming to an end? Is it over? The decline in 2015-2016 reflected some of those concerns. The multiple got compressed, but earnings kept coming through. He is not a believer that the auto cycle is going to stage an immediate come back. A good company to own in the sense that it is cheap, and did remarkably well in taking costs out of the business. Thinks he can get more torque in an upside move from other sectors.

Automotive
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$61.440
Owned Owned
No

Must be logged in to use chart
TOP PICK
Open Text(OTEX-T) 

August 8, 2017

The stock has fallen. They made some acquisitions, and feels the market is concerned that the steady progression of cash might not quite be as steady as they go through the digestion of these acquisitions. He likes that they can grow and that it trades at a multiple of earnings, not a multiple of cash flow, revenues, etc. Likes the stability and the growth by acquisition. Dividend yield of 1.5%. (Analysts’ price target is $40.)

computer software/processing

The stock has fallen. They made some acquisitions, and feels the market is concerned that the steady progression of cash might not quite be as steady as they go through the digestion of these acquisitions. He likes that they can grow and that it trades at a multiple of earnings, not a multiple of cash flow, revenues, etc. Likes the stability and the growth by acquisition. Dividend yield of 1.5%. (Analysts’ price target is $40.)

computer software/processing
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$41.550
Owned Owned
Yes

Must be logged in to use chart
TOP PICK
J. M. Smuckers Co.(SJM-N) 

August 8, 2017

This is another of those boring US consumer product names. We now have an $.80 dollar that is good for purchasing US stocks. Good discipline with their balance sheet. A quality company. Dividend yield of 2.5%. (Analysts’ price target is $131.)

food processing

This is another of those boring US consumer product names. We now have an $.80 dollar that is good for purchasing US stocks. Good discipline with their balance sheet. A quality company. Dividend yield of 2.5%. (Analysts’ price target is $131.)

food processing
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$121.790
Owned Owned
Yes

Must be logged in to use chart
COMMENT

This and Manulife (MFC-T) are both good names, and both have benefited from the anticipated rise in interest rates. They’ve lagged the banks and there is a valuation adjustment that can occur. Prefers Manulife (MFC-T) because of its opportunities in Asia.

insurance

This and Manulife (MFC-T) are both good names, and both have benefited from the anticipated rise in interest rates. They’ve lagged the banks and there is a valuation adjustment that can occur. Prefers Manulife (MFC-T) because of its opportunities in Asia.

insurance
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$48.690
Owned Owned
No

Must be logged in to use chart
PAST TOP PICK

(A Top Pick Oct 3/16. Up 13.13%.) This did well up to the last 2 months. He looks at this simply for its ownership of US single-family dwellings. In February, they made a much bigger acquisition of another 7000 homes. The stock has come down, and thinks it is because it is being rated as a Canadian REIT, which it isn’t. A really interesting entry point. Dividend yield of 2.5%.

REAL ESTATE

(A Top Pick Oct 3/16. Up 13.13%.) This did well up to the last 2 months. He looks at this simply for its ownership of US single-family dwellings. In February, they made a much bigger acquisition of another 7000 homes. The stock has come down, and thinks it is because it is being rated as a Canadian REIT, which it isn’t. A really interesting entry point. Dividend yield of 2.5%.

REAL ESTATE
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$10.460
Owned Owned
Yes

Must be logged in to use chart
BUY on WEAKNESS

Had a huge downdraft in 2015 and recovered nicely in 2016 with a huge run, and then finally gave up the ghost. It has 3 commodities, metallurgical coal, zinc and copper. Met coal hit $300, fell back to $150, and is now rallying up to $200. Commodity stocks are hard to investment in unless you buy right. The nice thing about this one is that for the near term you have met coal which has stabilized at much higher prices than anyone anticipated and generates lots of cash. Most important though, over the next 6 months, zinc looks very, very tight. Then when you get out to 2020, 2021 and 2022, copper looks to be in significant shortfall, and this company will play that, especially with their 2nd project of QB2. Also, the company has fixed the balance sheet. He would like to see a bit of a pullback.

precious metals

Had a huge downdraft in 2015 and recovered nicely in 2016 with a huge run, and then finally gave up the ghost. It has 3 commodities, metallurgical coal, zinc and copper. Met coal hit $300, fell back to $150, and is now rallying up to $200. Commodity stocks are hard to investment in unless you buy right. The nice thing about this one is that for the near term you have met coal which has stabilized at much higher prices than anyone anticipated and generates lots of cash. Most important though, over the next 6 months, zinc looks very, very tight. Then when you get out to 2020, 2021 and 2022, copper looks to be in significant shortfall, and this company will play that, especially with their 2nd project of QB2. Also, the company has fixed the balance sheet. He would like to see a bit of a pullback.

precious metals
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$29.060
Owned Owned
Yes

Must be logged in to use chart
COMMENT
TransCanada Corp(TRP-T) 

August 8, 2017

Headlines today are all about Brascan Keystone. As a long-term investor, you want to ask yourself if you want to own a major North American mover of an energy commodity. This company fills that bill quite nicely. With their most recent acquisition of Columbia, they have a really good play on the whole North American energy infrastructure. Reasonably hedged between oil and natural gas. A great place to play in the dividend growth we have seen for 50 years, and will probably see down the road as well. A little pricey relative to Enbridge (ENB-T), but this is a great long-term ownership, particularly since we are not going to build a lot of new pipelines. Dividend yield of 3.9%.

oil/gas pipelines

Headlines today are all about Brascan Keystone. As a long-term investor, you want to ask yourself if you want to own a major North American mover of an energy commodity. This company fills that bill quite nicely. With their most recent acquisition of Columbia, they have a really good play on the whole North American energy infrastructure. Reasonably hedged between oil and natural gas. A great place to play in the dividend growth we have seen for 50 years, and will probably see down the road as well. A little pricey relative to Enbridge (ENB-T), but this is a great long-term ownership, particularly since we are not going to build a lot of new pipelines. Dividend yield of 3.9%.

oil/gas pipelines
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$63.440
Owned Owned
Yes

Must be logged in to use chart
PAST TOP PICK
Whirlpool Corp(WHR-N) 

August 8, 2017

(A Top Pick Oct 3/16. Up 12.13%.) He likes its discipline and its discipline of returning money to shareholders. The balance sheet continues to get better. A great, global franchise.

household goods

(A Top Pick Oct 3/16. Up 12.13%.) He likes its discipline and its discipline of returning money to shareholders. The balance sheet continues to get better. A great, global franchise.

household goods
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$178.540
Owned Owned
Yes

Must be logged in to use chart
N/A
General Market Comment 

June 27, 2017

Market. It has been a really tough year for the Canadian marketplace. Looking back to 2016, things were going right. Commodities were firmer coming off that terrible 2015, and the bank stocks were moving. In 2017, bank stocks are not moving and energy is down, down and down. The market is treating commodity stocks like there is a recession, but there is no risk on the horizon. That is a great dichotomy that will come unwound as the year unfolds. US technology stocks have been the darlings. The big cap names have seen all the money flowing. The bond market keeps going as if there is going to be a recession. There is a decline in long bond yields, which is a bit of a shock. He wants to protect his clients’ capital and the best way to do that is by being careful of high growth names, those trading at very, very high multiples, and look for value in downtrodden areas. When the market comes back, it will be good for the Canadian market, and Canadian resource stocks in particular.

Market. It has been a really tough year for the Canadian marketplace. Looking back to 2016, things were going right. Commodities were firmer coming off that terrible 2015, and the bank stocks were moving. In 2017, bank stocks are not moving and energy is down, down and down. The market is treating commodity stocks like there is a recession, but there is no risk on the horizon. That is a great dichotomy that will come unwound as the year unfolds. US technology stocks have been the darlings. The big cap names have seen all the money flowing. The bond market keeps going as if there is going to be a recession. There is a decline in long bond yields, which is a bit of a shock. He wants to protect his clients’ capital and the best way to do that is by being careful of high growth names, those trading at very, very high multiples, and look for value in downtrodden areas. When the market comes back, it will be good for the Canadian market, and Canadian resource stocks in particular.

Unknown
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
COMMENT
General Market Comment 

June 27, 2017

Gold. Gold shares haven’t done much. We’ve been seeing higher lows and higher highs, so we may be in a bit of an up channel. The trend is positive. He would recommend you have some gold in your portfolio. Has 5% of client’s portfolios in gold stocks. As the US$ continues to weaken with euro strength, gold could go up with an upward bias. It would be great to see it break $1300.

Gold. Gold shares haven’t done much. We’ve been seeing higher lows and higher highs, so we may be in a bit of an up channel. The trend is positive. He would recommend you have some gold in your portfolio. Has 5% of client’s portfolios in gold stocks. As the US$ continues to weaken with euro strength, gold could go up with an upward bias. It would be great to see it break $1300.

Unknown
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$0.020
Owned Owned
Yes

Must be logged in to use chart
N/A
General Market Comment 

June 27, 2017

Cdn$? A lower Cdn$ historically has been good for Canada, particularly in manufacturing and resources. It makes energy producers and mining companies that much more profitable, because they sell products in the US$. It used to be much more beneficial when we had a manufacturing economy, but we no longer have the manufacturing strength that we used to, and that is going to be a headwind going forward.

Cdn$? A lower Cdn$ historically has been good for Canada, particularly in manufacturing and resources. It makes energy producers and mining companies that much more profitable, because they sell products in the US$. It used to be much more beneficial when we had a manufacturing economy, but we no longer have the manufacturing strength that we used to, and that is going to be a headwind going forward.

Unknown
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
PAST TOP PICK

(A Top Pick July 5/16. Down 14.54%.) This is a time to be in gold stocks, and this is the premier “go to” name in the Canadian gold patch. The pipeline on this looks really interesting on a go forward basis.

precious metals

(A Top Pick July 5/16. Down 14.54%.) This is a time to be in gold stocks, and this is the premier “go to” name in the Canadian gold patch. The pipeline on this looks really interesting on a go forward basis.

precious metals
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$60.650
Owned Owned
Yes

Must be logged in to use chart
COMMENT
Altagas Ltd(ALA-T) 

June 27, 2017

Thinks this will continue to tread water. They are digesting the WG Washington Gas/Light US acquisition. This has cleared shareholder approval, but now they are waiting for the regulators. Pays a nice yield of 7%, and he believes that the dividend is safe. Doesn’t see a lot of action coming because of regulatory uncertainty. However, this company is pretty well postured in energy markets, not just in Canada, but also in California. The cash that is going to come from that will keep the company in good stead. It is more like a utility than it has ever been and WGL will make it even more like a utility.

oil/gas

Thinks this will continue to tread water. They are digesting the WG Washington Gas/Light US acquisition. This has cleared shareholder approval, but now they are waiting for the regulators. Pays a nice yield of 7%, and he believes that the dividend is safe. Doesn’t see a lot of action coming because of regulatory uncertainty. However, this company is pretty well postured in energy markets, not just in Canada, but also in California. The cash that is going to come from that will keep the company in good stead. It is more like a utility than it has ever been and WGL will make it even more like a utility.

oil/gas
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$29.500
Owned Owned
Unknown

Must be logged in to use chart
HOLD
BlackBerry(BB-T) 

June 27, 2017

This had been a great story, but had to reinvent itself, so your time frame is really important. John Chen decided to change this into a software company, and it is going in a totally different direction. The market liked that their software, particularly in the automobile sector, is widely used, and there are lots of applications for that great software. The problem is, they have to change the business. Their unit sales are not really profitable relative to the share price, so it trades at a valuation level that doesn’t make any sense. You buy this because you believe that their software will be in vehicles or something else, 5-10 years from now.

electrical/electronic

This had been a great story, but had to reinvent itself, so your time frame is really important. John Chen decided to change this into a software company, and it is going in a totally different direction. The market liked that their software, particularly in the automobile sector, is widely used, and there are lots of applications for that great software. The problem is, they have to change the business. Their unit sales are not really profitable relative to the share price, so it trades at a valuation level that doesn’t make any sense. You buy this because you believe that their software will be in vehicles or something else, 5-10 years from now.

electrical/electronic
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$13.140
Owned Owned
No

Must be logged in to use chart
Showing 61 to 75 of 768 entries
<< < 3 4 5 6 7 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company