Opinions by Christine Poole | StockChase
2306
Christine Poole

CEO & Managing Director

ON STOCKCHASE SINCE Jul 2009

GlobeInvest Capital Management

2306
Christine Poole

CEO & Managing Director

ON STOCKCHASE SINCE Jul 2009

GlobeInvest Capital Management


Opinions by Christine Poole


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General Market Comment 

January 9, 2018

Market. The strength in the US market is already reflecting US tax cuts. The lowered corporate tax to 21% and the 100% expensing of capital investments for the next 5 years will be good for the bottom line. Also, the repatriation of funds from overseas will help. It will also be healthy if interest rates go up, because they have been historically way too low. Because inflationary pressures are now relatively benign globally, there is no pressure on banks to raise rates quickly. Growth is fairly solid in the US and is improving in the rest of the world as well.

Market. The strength in the US market is already reflecting US tax cuts. The lowered corporate tax to 21% and the 100% expensing of capital investments for the next 5 years will be good for the bottom line. Also, the repatriation of funds from overseas will help. It will also be healthy if interest rates go up, because they have been historically way too low. Because inflationary pressures are now relatively benign globally, there is no pressure on banks to raise rates quickly. Growth is fairly solid in the US and is improving in the rest of the world as well.

Unknown
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$0.020
Owned Owned
_N/A

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COMMENT
Altagas Ltd(ALA-T) 

January 9, 2018

Feels the dividend on this is safe. They are in the process of making a big US acquisition, which is supposed to close later this year. That could be a bit of an overhang until they actually close it. A good income stock. Dividend yield of 7.5%.

oil/gas

Feels the dividend on this is safe. They are in the process of making a big US acquisition, which is supposed to close later this year. That could be a bit of an overhang until they actually close it. A good income stock. Dividend yield of 7.5%.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$28.840
Owned Owned
Unknown

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BUY

Owns this in a few of her client's portfolios, and one she would potentially add to as well. It has pulled back and has a renewable component to it which she likes, because she wants to increase exposure to the renewable space, as well as regulator to the operators in the US. Has an attractive yield. A good name to own.

electrical utilities

Owns this in a few of her client's portfolios, and one she would potentially add to as well. It has pulled back and has a renewable component to it which she likes, because she wants to increase exposure to the renewable space, as well as regulator to the operators in the US. Has an attractive yield. A good name to own.

electrical utilities
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$13.400
Owned Owned
Yes

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COMMENT
Boeing(BA-N) 

January 9, 2018

Sold her holdings about a year ago when it went through her price targets. They have done very well. Some of the rally early in 2017 was due to the defence side. Also, the stock is benefiting from what is happening with the US tax reform packages, and they were building their backlog and are now having to produce. They will be generating a lot of cash flow. If you’ve owned this for a couple of years, you might consider taking some profits.

Transportation

Sold her holdings about a year ago when it went through her price targets. They have done very well. Some of the rally early in 2017 was due to the defence side. Also, the stock is benefiting from what is happening with the US tax reform packages, and they were building their backlog and are now having to produce. They will be generating a lot of cash flow. If you’ve owned this for a couple of years, you might consider taking some profits.

Transportation
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$318.430
Owned Owned
Unknown

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BUY
Bank of America(BAC-N) 

January 9, 2018

Has never owned this in her clients' portfolios. It's a good proxy for a large cap US financial Bank. If you own this, keep holding it. It is going to benefit from an improving economy and from lower US corporate tax rates.

banks

Has never owned this in her clients' portfolios. It's a good proxy for a large cap US financial Bank. If you own this, keep holding it. It is going to benefit from an improving economy and from lower US corporate tax rates.

banks
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$30.270
Owned Owned
No

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HOLD
CCL Industries (B)(CCL.B-T) 

January 9, 2018

A consumer packaging company, which also prints money. If you own, continue to hold. A relatively well-run company. Very geographically diversified with a lot of operations outside of Canada.

packaging/containers

A consumer packaging company, which also prints money. If you own, continue to hold. A relatively well-run company. Very geographically diversified with a lot of operations outside of Canada.

packaging/containers
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$57.000
Owned Owned
No

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HOLD
Cineplex Inc(CGX-T) 

January 9, 2018

2017 had a very poor movie slate, which caused the stock to pull back. Numbers are still below what most analysts were expecting, so it will take awhile. They are staying away from the movie slate as much as they can, opening the rec rooms, top golf, retrofitting theatres to increase spend in the theatres. This will take some time. Pays a good dividend.

other services

2017 had a very poor movie slate, which caused the stock to pull back. Numbers are still below what most analysts were expecting, so it will take awhile. They are staying away from the movie slate as much as they can, opening the rec rooms, top golf, retrofitting theatres to increase spend in the theatres. This will take some time. Pays a good dividend.

other services
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$34.390
Owned Owned
Yes

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COMMENT

Has held this in clients’ portfolios for some time, but has not been adding in the last 3 years. Right now, energy producers in Canada are suffering from a widening differential.

oil/gas

Has held this in clients’ portfolios for some time, but has not been adding in the last 3 years. Right now, energy producers in Canada are suffering from a widening differential.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$10.470
Owned Owned
Yes

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COMMENT

Hasn't been too positive on Canadian retail, but this has actually done quite well. They may have gotten some of Sears’ business. Also have been working on their online and reformatting their stores, which has been doing well for them. This is probably the best of the group, but she is not sold on retailers.

specialty stores

Hasn't been too positive on Canadian retail, but this has actually done quite well. They may have gotten some of Sears’ business. Also have been working on their online and reformatting their stores, which has been doing well for them. This is probably the best of the group, but she is not sold on retailers.

specialty stores
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$167.500
Owned Owned
No

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COMMENT
Cenovus Energy(CVE-T) 

January 9, 2018

She is very low on energy weighted stocks. It’s not conducive for strength in cash flow and pricing in the US producers. The large cap ones, including this one, have done relatively better than smaller oil producers.

oil/gas

She is very low on energy weighted stocks. It’s not conducive for strength in cash flow and pricing in the US producers. The large cap ones, including this one, have done relatively better than smaller oil producers.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$12.930
Owned Owned
No

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TOP PICK
Walt Disney(DIS-N) 

January 9, 2018

In the past couple of years there has been an overhang with ESPN about cord cutting. In December, they announced the acquisition of Fox, and the stock has responded favourably. As a "standalone", Disney is a great content company, and with the addition of Fox, it is going to be an even greater content company, because they are going to get some other platforms. They've announced they are launching their own "direct to consumer" ESPN channel this spring with one from Disney next year. Dividend yield of 1.5%. (Analysts' price target is $113.50.)

entertainment services

In the past couple of years there has been an overhang with ESPN about cord cutting. In December, they announced the acquisition of Fox, and the stock has responded favourably. As a "standalone", Disney is a great content company, and with the addition of Fox, it is going to be an even greater content company, because they are going to get some other platforms. They've announced they are launching their own "direct to consumer" ESPN channel this spring with one from Disney next year. Dividend yield of 1.5%. (Analysts' price target is $113.50.)

entertainment services
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$109.940
Owned Owned
Yes

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HOLD

A good investment for yield and income. The stock has been held back and thinks the market is waiting for their line 3 replacement to get final approval, which is due later on this year. Prefers the parent Enbridge (ENB-T) for their global diversity and their Spectra assets. However, both are good income vehicles.

oil/gas

A good investment for yield and income. The stock has been held back and thinks the market is waiting for their line 3 replacement to get final approval, which is due later on this year. Prefers the parent Enbridge (ENB-T) for their global diversity and their Spectra assets. However, both are good income vehicles.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$29.520
Owned Owned
No

Must be logged in to use chart
TOP PICK
Fortis Inc.(FTS-T) 

January 9, 2018

This is her utility pick. The stock has pulled back to about $45, and has not participated in this recent rally. Made an acquisition about a year ago that expanded their presence in the US. Based on their backlog of projects in place, the company announced they can grow their dividend 6% through to 2020. Dividend yield of 3.8%. (Analysts' price target is $50.50.)

electrical utilities

This is her utility pick. The stock has pulled back to about $45, and has not participated in this recent rally. Made an acquisition about a year ago that expanded their presence in the US. Based on their backlog of projects in place, the company announced they can grow their dividend 6% through to 2020. Dividend yield of 3.8%. (Analysts' price target is $50.50.)

electrical utilities
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$44.800
Owned Owned
Yes

Must be logged in to use chart
WAIT
General Electric(GE-N) 

January 9, 2018

This has been a huge underperformer for a number of years. There seems to be interest now because they have done so poorly. The new CEO has reduced guidance considerably. They are still trying to reshape their business. This is on her Watch List, but she is not tempted to get in yet.

electrical/electronic

This has been a huge underperformer for a number of years. There seems to be interest now because they have done so poorly. The new CEO has reduced guidance considerably. They are still trying to reshape their business. This is on her Watch List, but she is not tempted to get in yet.

electrical/electronic
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$18.560
Owned Owned
No

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PAST TOP PICK
CGI Group (A)(GIB.A-T) 

January 9, 2018

(A Top Pick Jan 11/17. Up 3%.) Still likes this. Half the company is outsourcing and half is systems integration. The outsourcing is a recurring revenue stream. They are seeing solid organic growth from their financial service end market, as older financial firms are having to modernize their systems. Attractively valued, so it is still a Buy. Doesn’t pay a dividend, which is a drawback for income investors.

consulting

(A Top Pick Jan 11/17. Up 3%.) Still likes this. Half the company is outsourcing and half is systems integration. The outsourcing is a recurring revenue stream. They are seeing solid organic growth from their financial service end market, as older financial firms are having to modernize their systems. Attractively valued, so it is still a Buy. Doesn’t pay a dividend, which is a drawback for income investors.

consulting
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$67.030
Owned Owned
Yes

Must be logged in to use chart
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