Stock Opinions by Christine Poole - Stockchase Experts
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Christine Poole

On Stockchase since : Jul 2009

CEO & Managing Director at GlobeInvest Capital Management

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Christine Poole Latest Top Picks...

Stock Opinions by Christine Poole - Stockchase Experts

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BUY
Visa Inc.(V-N) 

May 14, 2019

Lots of room for secular growth in e-payments. Globally, many payments are still in cash and cheque, so more people will move to debit and credit. As e-commerce starts to grow, Visa will benefit. A fine long-term hold. Visa bought Visa Europe a few years ago to expand their geographic reach.
other services
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Lots of room for secular growth in e-payments. Globally, many payments are still in cash and cheque, so more people will move to debit and credit. As e-commerce starts to grow, Visa will benefit. A fine long-term hold. Visa bought Visa Europe a few years ago to expand their geographic reach.
other services
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$160.210
Owned Owned
Yes

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DON'T BUY
Facebook(FB-Q) 

May 14, 2019

The biggest overang are regulatory concerns and privacy issues. FB is trying to address these issues pro-actively with some investments. She prefers Google in the online ad space.

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The biggest overang are regulatory concerns and privacy issues. FB is trying to address these issues pro-actively with some investments. She prefers Google in the online ad space.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$180.730
Owned Owned
No

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BUY
Enbridge(ENB-T) 

May 14, 2019

She likes it. Dividend is under 6% and it will continue to grow. They bought Spectra to expand their presence to America and into natural gas, but they took on debt. So they issued various equity and sold non-core assets and streamlined their corporate structure. Their line 3 was approved last year, but has since been delayed to end-2020. This would double their capacity in western Canada. Their debt and balance sheet are much better now.
oil/gas pipelines
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She likes it. Dividend is under 6% and it will continue to grow. They bought Spectra to expand their presence to America and into natural gas, but they took on debt. So they issued various equity and sold non-core assets and streamlined their corporate structure. Their line 3 was approved last year, but has since been delayed to end-2020. This would double their capacity in western Canada. Their debt and balance sheet are much better now.
oil/gas pipelines
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$49.090
Owned Owned
Yes

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COMMENT
Will it ever stock split? She can't comment on that, but splitting would make this stock more affordable for retailer investors.
Business Services
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Will it ever stock split? She can't comment on that, but splitting would make this stock more affordable for retailer investors.
Business Services
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$1120.440
Owned Owned
Unknown

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BUY

vs. the Canadian banks It's not an either-or question. You can buy both. The new CEO has done a very good job to put aside the legacy businesses that are a drag. They have high-growth insurance business in Asia. MFC has lagged SLF the past few years in terms of stock price, but MFC's earnings should outpace SLF's. Also, MFC is closer to book value than SLF. It pays a good dividend. The banks are attractively priced too.

insurance
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vs. the Canadian banks It's not an either-or question. You can buy both. The new CEO has done a very good job to put aside the legacy businesses that are a drag. They have high-growth insurance business in Asia. MFC has lagged SLF the past few years in terms of stock price, but MFC's earnings should outpace SLF's. Also, MFC is closer to book value than SLF. It pays a good dividend. The banks are attractively priced too.

insurance
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$23.630
Owned Owned
Yes

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BUY
They recently bought back 5-8% of shares outstanding. It's a good income stock at a 5.9% dividend. PWF's performance depends on its subsidiaries, though it trades at an historially wide 19% discount to those subs. Maybe the subs have better growth. It's a safe defensive stock.
finance/leasing
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They recently bought back 5-8% of shares outstanding. It's a good income stock at a 5.9% dividend. PWF's performance depends on its subsidiaries, though it trades at an historially wide 19% discount to those subs. Maybe the subs have better growth. It's a safe defensive stock.
finance/leasing
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$30.780
Owned Owned
Yes

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BUY on WEAKNESS
Buy on a pullback, not now. Their pharma division is doing very well with products in the pipeline and wide margins. A strong balance sheet. Their dividend is almost 3% with a long history of increasing. A diversified, global name. This is quite defensive and good to hold in a weak economy. Lawsuits remain an overhang; JNJ has likely put aside some contingency money for these suits.
biotechnology/pharmaceutical
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Buy on a pullback, not now. Their pharma division is doing very well with products in the pipeline and wide margins. A strong balance sheet. Their dividend is almost 3% with a long history of increasing. A diversified, global name. This is quite defensive and good to hold in a weak economy. Lawsuits remain an overhang; JNJ has likely put aside some contingency money for these suits.
biotechnology/pharmaceutical
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$136.820
Owned Owned
Yes

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DON'T BUY
Aecon Group Inc(ARE-T) 

May 14, 2019

She doesn't own this space, because these companies suffer cost overruns on the construction side. Also, government pledges to build infrastructure a few years ago have been slow to ramp up. These companies also need to make acquisitions to grow. She is watching WSP Global which is purely in services--and she prefers WSP.

contractors
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She doesn't own this space, because these companies suffer cost overruns on the construction side. Also, government pledges to build infrastructure a few years ago have been slow to ramp up. These companies also need to make acquisitions to grow. She is watching WSP Global which is purely in services--and she prefers WSP.

contractors
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$18.540
Owned Owned
No

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BUY
Xylem Inc.(XYL-N) 

May 14, 2019

Likes it and continues to hold it, given a strong long-term outlook. Customers are utilities, commercial industries and industrial companies. Water infrastructure is still being built up with aging systems in parts of the world needing updating. XYL is well-managed. They bought a company in the metering side.
environmental
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Likes it and continues to hold it, given a strong long-term outlook. Customers are utilities, commercial industries and industrial companies. Water infrastructure is still being built up with aging systems in parts of the world needing updating. XYL is well-managed. They bought a company in the metering side.
environmental
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$75.510
Owned Owned
Yes

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PAST TOP PICK

(A Top Pick May 08/18, Up 27%) Global in scope with operating subsidiaries that are publicly traded. They've done a lot of transactions in recent years. They're successful in buying distressed or non-core assets or taking companies private. They're very good at raising funds. Their client base (institutional clients and pension funds) is large. They bought Oak Tree Financial, focussed on distressed debt to diversify.

management/diversified
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(A Top Pick May 08/18, Up 27%) Global in scope with operating subsidiaries that are publicly traded. They've done a lot of transactions in recent years. They're successful in buying distressed or non-core assets or taking companies private. They're very good at raising funds. Their client base (institutional clients and pension funds) is large. They bought Oak Tree Financial, focussed on distressed debt to diversify.

management/diversified
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$64.060
Owned Owned
Yes

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PAST TOP PICK
Toronto Dominion(TD-T) 

May 14, 2019

(A Top Pick May 08/18, Up 4%) The stock hasn't done anything in the past year, but the dividend pays a solid 4% that continues to grow. It trades at less than 11x forward earnings, below historical averages. Canadian housing is slowing, but it won't crash. Valuations reflect these concerns, so you can buy TD at these levels.
banks
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(A Top Pick May 08/18, Up 4%) The stock hasn't done anything in the past year, but the dividend pays a solid 4% that continues to grow. It trades at less than 11x forward earnings, below historical averages. Canadian housing is slowing, but it won't crash. Valuations reflect these concerns, so you can buy TD at these levels.
banks
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$73.960
Owned Owned
Yes

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PAST TOP PICK
(A Top Pick May 08/18, Up 12%) She has long held this. Aerospace, Otis Elevators and building products are their three sectors. 45% of their revenue stream is after-market, a recurring revenue stream (e.g. servicing Otis elevators or engines which are high-margin servicing contrcsts). This is defensive in an economic slowdown. They had a strong Q1 and raised their guidance, which they rarely do in Q1. Boasts 16x forward earnings.
mngmnt/diversified
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(A Top Pick May 08/18, Up 12%) She has long held this. Aerospace, Otis Elevators and building products are their three sectors. 45% of their revenue stream is after-market, a recurring revenue stream (e.g. servicing Otis elevators or engines which are high-margin servicing contrcsts). This is defensive in an economic slowdown. They had a strong Q1 and raised their guidance, which they rarely do in Q1. Boasts 16x forward earnings.
mngmnt/diversified
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$133.980
Owned Owned
Yes

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BUY
Nutrien Ltd.(NTR-T) 

May 14, 2019

She held this company before the merger. Their Q1 was tough for all agriculture stocks due to harsh weather. But NTR maintains full-year guidance. She likes it. They are growing their retail side to the US to 30% and build their platform in Brazil and Australia. They're meeting their synergy targets and generating a lot of free cash flow. Also are buying back stock and raising their 3.4% dividend.
agriculture
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She held this company before the merger. Their Q1 was tough for all agriculture stocks due to harsh weather. But NTR maintains full-year guidance. She likes it. They are growing their retail side to the US to 30% and build their platform in Brazil and Australia. They're meeting their synergy targets and generating a lot of free cash flow. Also are buying back stock and raising their 3.4% dividend.
agriculture
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$67.130
Owned Owned
Yes

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DON'T BUY

They grow through acquisition. Some markets are mature now, though. Their PE has decreased, but it was too high in the past vs. its peers. They've been dealing with rising resin costs in the past years. A well-managed company, but packaging isn't a high-growth industry. Not enough here to excite her to buy.

packaging/containers
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They grow through acquisition. Some markets are mature now, though. Their PE has decreased, but it was too high in the past vs. its peers. They've been dealing with rising resin costs in the past years. A well-managed company, but packaging isn't a high-growth industry. Not enough here to excite her to buy.

packaging/containers
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$56.300
Owned Owned
No

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DON'T BUY
Intel(INTC-Q) 

May 14, 2019

Trades at a reasonable multiple. It's a mature market. Gross margins won't expand. They are getting hit by the new China tariffs.
electrical/electronic
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Trades at a reasonable multiple. It's a mature market. Gross margins won't expand. They are getting hit by the new China tariffs.
electrical/electronic
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$45.170
Owned Owned
No

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