Stock Opinions by Michael Herring - Stockchase Experts
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Michael Herring

On Stockchase since : Apr 2009

Managing Director & Fixed Income Strategist at BMO Nesbitt Burns

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Stock Opinions by Michael Herring - Stockchase Experts

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COMMENT
General Market Comment 

April 28, 2009

The US Fed will say that they will remove the stimulus when it is apparent that the economy is growing again. He thinks they will mean that but wont ultimately do that. They could announce an increase in the quantity of securities that they are purchasing. They would be just printing money. Value exists in US corporate bonds below investment grade (US Junk Bonds) – diversified.
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The US Fed will say that they will remove the stimulus when it is apparent that the economy is growing again. He thinks they will mean that but wont ultimately do that. They could announce an increase in the quantity of securities that they are purchasing. They would be just printing money. Value exists in US corporate bonds below investment grade (US Junk Bonds) – diversified.
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Michael Herring

Managing D, BMO Nesbitt Burns...

Price Price
$0.020
Owned Owned
Unknown

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TOP PICK
121 holdings in it. High Yield Bond ETF. Experienced low defaults so far but expect it them to go up. You are getting such a high yield that you can sustain a certain level of defaults. Yield around 15%. Risk is that economy is not recovering to the extent that we think.
E.T.F.'s
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121 holdings in it. High Yield Bond ETF. Experienced low defaults so far but expect it them to go up. You are getting such a high yield that you can sustain a certain level of defaults. Yield around 15%. Risk is that economy is not recovering to the extent that we think.
E.T.F.'s
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Michael Herring

Managing D, BMO Nesbitt Burns...

Price Price
$32.040
Owned Owned
Yes

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TOP PICK
US Corporate, investment grade, bonds. Low risk, 6.5% yield.
E.T.F.'s
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US Corporate, investment grade, bonds. Low risk, 6.5% yield.
E.T.F.'s
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Michael Herring

Managing D, BMO Nesbitt Burns...

Price Price
$95.800
Owned Owned
No

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TOP PICK
Would form a good core holding for an investor. Can be paired with other two top picks. Canadian bonds will not yield as high because the situation was not as severe in Canada as in the US
E.T.F.'s
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Would form a good core holding for an investor. Can be paired with other two top picks. Canadian bonds will not yield as high because the situation was not as severe in Canada as in the US
E.T.F.'s
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Michael Herring

Managing D, BMO Nesbitt Burns...

Price Price
$19.270
Owned Owned
No

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BUY
General Market Comment 

April 28, 2009

Strip bonds as part of an RRSP: Excellent way to get exposure to bonds, especially in a small RRSP.
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Strip bonds as part of an RRSP: Excellent way to get exposure to bonds, especially in a small RRSP.
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Michael Herring

Managing D, BMO Nesbitt Burns...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
Yellow Media Inc(Y-T) 

April 28, 2009

caller asked: Who gets paid first?: Debentures, Preferred Share holders, and finally common shareholder.
communications/media
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caller asked: Who gets paid first?: Debentures, Preferred Share holders, and finally common shareholder.
communications/media
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Michael Herring

Managing D, BMO Nesbitt Burns...

Price Price
$5.750
Owned Owned
Unknown

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DON'T BUY
General Market Comment 

April 28, 2009

Real Return Bonds: Pay am interest rate on top of the inflation rate. Around 2% so total coupon rates are 2%+3%=5%. Want them at or above 3% above inflation.
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Real Return Bonds: Pay am interest rate on top of the inflation rate. Around 2% so total coupon rates are 2%+3%=5%. Want them at or above 3% above inflation.
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Michael Herring

Managing D, BMO Nesbitt Burns...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

April 28, 2009

How bonds are priced: Interest rate used on bond is the “coupon rate”. They trade at either a discount or a premium to face value, depending on prevailing interest rates.
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How bonds are priced: Interest rate used on bond is the “coupon rate”. They trade at either a discount or a premium to face value, depending on prevailing interest rates.
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Michael Herring

Managing D, BMO Nesbitt Burns...

Price Price
$0.020
Owned Owned
Unknown

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