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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Stock Opinions by Christine Poole - Stockchase Experts

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COMMENT
General Market Comment 

March 12, 2019

UK rejects another Brexit proposal today which creates further uncertainty. She suspects the decision will just got pushed back more. She invests in US dollars outside Canada, so the UK pound doesn't effect her investments directly. Rosenberg warns of recession fears: the Canadian economy is certainly weaker than America's but Canada's employment numbers last week were very strong. Also, the US shutdown in December-January distorted their economic numbers. The US service sector remains strong and has rebounded from December. Also central banks around the world, including Canada's, are holding interest rates for now. We're heading into an election year, so policies may be tweaked to help our economy. The OECD is still projecting world growth--albeit it is slowing, and the UK is a weak spot.
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UK rejects another Brexit proposal today which creates further uncertainty. She suspects the decision will just got pushed back more. She invests in US dollars outside Canada, so the UK pound doesn't effect her investments directly. Rosenberg warns of recession fears: the Canadian economy is certainly weaker than America's but Canada's employment numbers last week were very strong. Also, the US shutdown in December-January distorted their economic numbers. The US service sector remains strong and has rebounded from December. Also central banks around the world, including Canada's, are holding interest rates for now. We're heading into an election year, so policies may be tweaked to help our economy. The OECD is still projecting world growth--albeit it is slowing, and the UK is a weak spot.
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$0.000
Owned Owned
Unknown

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BUY
Walt Disney(DIS-N) 

March 12, 2019

Disney+ streaming service She's optimistic that it'll do well. Last year, Disney streamed ESPN and have picked up subscriber growth. They plan on pricing Disney+ at a discount to Netflix. Disney has lots of content, like Star Wars, Pixar and Marvel. They will make original shows. They bought 20th Century Fox to add more content. Also have National Geographic content. More details to come on analyst day in April.
entertainment services
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Disney+ streaming service She's optimistic that it'll do well. Last year, Disney streamed ESPN and have picked up subscriber growth. They plan on pricing Disney+ at a discount to Netflix. Disney has lots of content, like Star Wars, Pixar and Marvel. They will make original shows. They bought 20th Century Fox to add more content. Also have National Geographic content. More details to come on analyst day in April.
entertainment services
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$114.730
Owned Owned
Yes

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WATCH
Facebook(FB-Q) 

March 12, 2019

Fear of regulatory fines Regulatory risks still overhang the stock. She's on the sidelines watching this issue.
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Fear of regulatory fines Regulatory risks still overhang the stock. She's on the sidelines watching this issue.
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$171.920
Owned Owned
No

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WAIT
CVS Health Corp(CVS-N) 

March 12, 2019

It's lagged in the past year. Just closed the Aetna purchase. Lots of negative sentiment, including political talk of limiting drug costs as well as fears of Amazon taking over drug delivery. Aetna recently decreased their guidance and the stock dropped. That said, CVS they have good assets including health insurance. Trades at a low 8x multiple. She'll wait what they have to say on investor day in May. Yield is over 3%.
specialty stores
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It's lagged in the past year. Just closed the Aetna purchase. Lots of negative sentiment, including political talk of limiting drug costs as well as fears of Amazon taking over drug delivery. Aetna recently decreased their guidance and the stock dropped. That said, CVS they have good assets including health insurance. Trades at a low 8x multiple. She'll wait what they have to say on investor day in May. Yield is over 3%.
specialty stores
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$54.650
Owned Owned
Yes

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BUY
Riocan vs. Choice Properties REITs Riocan is trying to change their mix and their development properties are doing well. You're fine with either REIT, both quality. Choice is stable, because of Loblaw. Both are good for income in the long run.
property mngmnt/investment
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Riocan vs. Choice Properties REITs Riocan is trying to change their mix and their development properties are doing well. You're fine with either REIT, both quality. Choice is stable, because of Loblaw. Both are good for income in the long run.
property mngmnt/investment
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$25.480
Owned Owned
Unknown

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BUY
Riocan vs. Choice Properties REITs Riocan is trying to change their mix and their development properties are doing well. You're fine with either REIT, both quality. Choice is stable, because of Loblaw. Both are good for income in the long run.
REAL ESTATE
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Riocan vs. Choice Properties REITs Riocan is trying to change their mix and their development properties are doing well. You're fine with either REIT, both quality. Choice is stable, because of Loblaw. Both are good for income in the long run.
REAL ESTATE
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$13.670
Owned Owned
Unknown

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DON'T BUY
Shopify Inc.(SHOP-T) 

March 12, 2019

They're in a great space and appear to do it well. It's a high-growth and -momentum name, which is not her style of stock. It has had stumbles in the past and has come off sharply. High-growth but the valuation keeps her on the sidelines.
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They're in a great space and appear to do it well. It's a high-growth and -momentum name, which is not her style of stock. It has had stumbles in the past and has come off sharply. High-growth but the valuation keeps her on the sidelines.
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$270.520
Owned Owned
No

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PARTIAL SELL
Boeing(BA-N) 

March 12, 2019

The Boeing 737 tragic crash on Sunday in Ethiopia. Sell after owning it a few years? You likely have enjoyed good gains, so take some profits and wait. Boeing will likely overcome the current drop in stock price in time, as they have before. We still need to hear the results of the airplane's black box. It's a great company with fine engineers.
Transportation
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The Boeing 737 tragic crash on Sunday in Ethiopia. Sell after owning it a few years? You likely have enjoyed good gains, so take some profits and wait. Boeing will likely overcome the current drop in stock price in time, as they have before. We still need to hear the results of the airplane's black box. It's a great company with fine engineers.
Transportation
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$375.410
Owned Owned
Unknown

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DON'T BUY
NFI has pulled back for some time over concerns of a slowing US economy. Buses are a mature sector, too. They bought a company to source the after-market, but that resulted in soft earnings.
Automotive
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NFI has pulled back for some time over concerns of a slowing US economy. Buses are a mature sector, too. They bought a company to source the after-market, but that resulted in soft earnings.
Automotive
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$31.960
Owned Owned
Unknown

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PAST TOP PICK
(A Top Pick Mar 08/18, Up 23%) 75% of earnings come from regulated utilities. 25% are renewable power under long-term contracts. Over 90% of earnings come from the U.S. paying dividends in USD. Pays a 4.5% yield that they can increase 10% annually because of a project backlog. They have an equity interest in Atlantic Yield which owns renewable power assets mostly in the U.S.--this gives AQN a foray to grow internationally.
electrical utilities
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(A Top Pick Mar 08/18, Up 23%) 75% of earnings come from regulated utilities. 25% are renewable power under long-term contracts. Over 90% of earnings come from the U.S. paying dividends in USD. Pays a 4.5% yield that they can increase 10% annually because of a project backlog. They have an equity interest in Atlantic Yield which owns renewable power assets mostly in the U.S.--this gives AQN a foray to grow internationally.
electrical utilities
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$15.100
Owned Owned
Yes

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PAST TOP PICK
(A Top Pick Mar 08/18, Down 24%) A defence company with 25% of revenues from aerospace. They make business jets. Their multiple shrunk from 20x to 14x earnings in the past year, which is now attractive. Short-term their margins will slip from 17% last year to 5-6% this year. She expects margins to pick up next year as the planes ramp up. An IT services purchase on the defense side needs time to intergrate. Their marine division accounts for a quarter of their profits. They're in the process of refurbishing that fleet. Today, this stock is attractive. They increase their dividend 10% last week.
transportation equip & components
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(A Top Pick Mar 08/18, Down 24%) A defence company with 25% of revenues from aerospace. They make business jets. Their multiple shrunk from 20x to 14x earnings in the past year, which is now attractive. Short-term their margins will slip from 17% last year to 5-6% this year. She expects margins to pick up next year as the planes ramp up. An IT services purchase on the defense side needs time to intergrate. Their marine division accounts for a quarter of their profits. They're in the process of refurbishing that fleet. Today, this stock is attractive. They increase their dividend 10% last week.
transportation equip & components
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$168.770
Owned Owned
Yes

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PAST TOP PICK
Unilever PLC(UL-N) 

March 12, 2019

(A Top Pick Mar 08/18, Up 5%) Has long owned this. 58% of revenues come from emerging markets where there's stronger demand for consumer packaged goods. However, the economies of emerging economies can go up and down. They want to grow their presence in EM. Pays a 3.3% yield. They're making small acqusitions in personal care which boasts higher margins.
food processing
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(A Top Pick Mar 08/18, Up 5%) Has long owned this. 58% of revenues come from emerging markets where there's stronger demand for consumer packaged goods. However, the economies of emerging economies can go up and down. They want to grow their presence in EM. Pays a 3.3% yield. They're making small acqusitions in personal care which boasts higher margins.
food processing
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$54.370
Owned Owned
Yes

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DON'T BUY
Dollarama Inc.(DOL-T) 

March 12, 2019

With a 20-year horizon It's on her watch list, but they had a few disappointing quarters. They've always traded at a premium to peers in America. DOL has grown their basket by gradually raising item prices. She wants to see a turnaround in traffic or how they plan their growth in the next few quarters.
Consumer Products
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With a 20-year horizon It's on her watch list, but they had a few disappointing quarters. They've always traded at a premium to peers in America. DOL has grown their basket by gradually raising item prices. She wants to see a turnaround in traffic or how they plan their growth in the next few quarters.
Consumer Products
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$36.320
Owned Owned
No

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DON'T BUY
Vermillion Inc(VRML-Q) 

March 12, 2019

They have both foreign and Canadian oil assets. Investors like the former, but less so the latter. She hasn't bought Canadian oil companies because of takeaway capacity (lack of pipelines). That said, Vermillion is better-positioned because they hold assets outside Canada.
Healthcare
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They have both foreign and Canadian oil assets. Investors like the former, but less so the latter. She hasn't bought Canadian oil companies because of takeaway capacity (lack of pipelines). That said, Vermillion is better-positioned because they hold assets outside Canada.
Healthcare
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$1.170
Owned Owned
No

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BUY
Nutrien Ltd.(NTR-T) 

March 12, 2019

She's buying this now. Pricing is leveraged to potash prices which were stronger than expected in 2018. This year, there should be supply coming onstream from the Russian producers. NTR has the excess supply to bring onstream if they wish in the coming years. Pricing has been stronger in China and Brazil. It's up to NTR to manage demand and supply and pricing; last year they stumbled and demand got killed. They generate a lot of free cash flow and are selling assets. After the merger, they have to sell assets which they will use to grow their retail network across North America and Australia. They've been increasing the dividend, which is 3.2%, and buying back stock.
agriculture
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She's buying this now. Pricing is leveraged to potash prices which were stronger than expected in 2018. This year, there should be supply coming onstream from the Russian producers. NTR has the excess supply to bring onstream if they wish in the coming years. Pricing has been stronger in China and Brazil. It's up to NTR to manage demand and supply and pricing; last year they stumbled and demand got killed. They generate a lot of free cash flow and are selling assets. After the merger, they have to sell assets which they will use to grow their retail network across North America and Australia. They've been increasing the dividend, which is 3.2%, and buying back stock.
agriculture
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$71.830
Owned Owned
Yes

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COMMENT
General Market Comment 

March 12, 2019

Okay to buy Canadian telcos with stagnant interest rates? And the effect of Huawei on telcos? Canadian telcos are defensive income stocks, sensitive to interest rate moves. They tend to raise their yield every year by around 5%. These kinds of stock belong in a portfolio (she own utilities instead of telcos). The telcos have done well--they keep adding subscribers, perhaps because customers are buying more than one phone and immigrants are fuelling demand. BCE and Telus are exposed to Huawei equipment, but not at their cores. She doesn't prefer any of the telcos, which are in an oligopoly which won't change.
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Okay to buy Canadian telcos with stagnant interest rates? And the effect of Huawei on telcos? Canadian telcos are defensive income stocks, sensitive to interest rate moves. They tend to raise their yield every year by around 5%. These kinds of stock belong in a portfolio (she own utilities instead of telcos). The telcos have done well--they keep adding subscribers, perhaps because customers are buying more than one phone and immigrants are fuelling demand. BCE and Telus are exposed to Huawei equipment, but not at their cores. She doesn't prefer any of the telcos, which are in an oligopoly which won't change.
Unknown
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$0.000
Owned Owned
Unknown

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BUY on WEAKNESS
Xylem Inc.(XYL-N) 

March 12, 2019

She'd wait for a pullback. Likes their longterm fundamentals. They have 20% in emerging markets where they are building water infrastructure. They're enjoying good growth in American cities. They made a few acquisitions in water metering to track water spillage, which is a big issue in this business.
environmental
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She'd wait for a pullback. Likes their longterm fundamentals. They have 20% in emerging markets where they are building water infrastructure. They're enjoying good growth in American cities. They made a few acquisitions in water metering to track water spillage, which is a big issue in this business.
environmental
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$76.690
Owned Owned
Yes

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DON'T BUY
Too high a multiple. She's watching it. Maybe buy when they stumble.
computer software/processing
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Too high a multiple. She's watching it. Maybe buy when they stumble.
computer software/processing
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$158.280
Owned Owned
No

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COMMENT
Costco Wholesale(COST-Q) 

March 12, 2019

As a long-term hold? A great company that keeps producing results. Trades at a high multiple in the retail space. If you own a lot of this in your portfolio, say over 10%, then take some money off the table.
department stores
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As a long-term hold? A great company that keeps producing results. Trades at a high multiple in the retail space. If you own a lot of this in your portfolio, say over 10%, then take some money off the table.
department stores
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$232.960
Owned Owned
No

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TOP PICK
The leader in Canadian seniors housing, a fragmented sector so there's room for growth. CSH holds 10% of this market. She likes this sector for the aging demographics that will need more care. CSH has a good pipeline of projects. Occupancy is 91% and they target 95%. They have started to market their services. Top management. (Analysts’ price target is $16.65)
property mngmnt/investment
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The leader in Canadian seniors housing, a fragmented sector so there's room for growth. CSH holds 10% of this market. She likes this sector for the aging demographics that will need more care. CSH has a good pipeline of projects. Occupancy is 91% and they target 95%. They have started to market their services. Top management. (Analysts’ price target is $16.65)
property mngmnt/investment
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$15.040
Owned Owned
Yes

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TOP PICK
Royal Bank(RY-T) 

March 12, 2019

The Canadian banks' multiples have contracted and now look attractive. RY grew their earnings 17% last year and the stock is up only 1%. They had that weird Q4 quarter, but they saw decent loan growth. They increased their dividend 9% and grown their book value. Payout ratio is 45%. They can increase their dividend and earnings. (Analysts’ price target is $109.65)
banks
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The Canadian banks' multiples have contracted and now look attractive. RY grew their earnings 17% last year and the stock is up only 1%. They had that weird Q4 quarter, but they saw decent loan growth. They increased their dividend 9% and grown their book value. Payout ratio is 45%. They can increase their dividend and earnings. (Analysts’ price target is $109.65)
banks
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$102.650
Owned Owned
Yes

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TOP PICK
A diversified industrial company. They plan to spin off divisions Carriere Air Conditioning and Otis Elevators as standalone entities, but keep their aerospace division. The companies would become more nimble to pursue opportunities. Attractively valued now and pays a yield over 2% that will grow. (Analysts’ price target is $140.48)
mngmnt/diversified
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A diversified industrial company. They plan to spin off divisions Carriere Air Conditioning and Otis Elevators as standalone entities, but keep their aerospace division. The companies would become more nimble to pursue opportunities. Attractively valued now and pays a yield over 2% that will grow. (Analysts’ price target is $140.48)
mngmnt/diversified
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$124.670
Owned Owned
Yes

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BUY
Visa Inc.(V-N) 

March 12, 2019

Visa vs. Mastercard She likes this space. They're both into e-commerce where there is a lot of growth to come. Visa bought Visa Europe a year ago and are Integrating it which will make Visa more international than Mastercard. These companies aren't trying to gain market share from each other; they're both growing from cash/cheque to online payments.
other services
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Visa vs. Mastercard She likes this space. They're both into e-commerce where there is a lot of growth to come. Visa bought Visa Europe a year ago and are Integrating it which will make Visa more international than Mastercard. These companies aren't trying to gain market share from each other; they're both growing from cash/cheque to online payments.
other services
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$151.730
Owned Owned
Yes

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BUY
Mastercard Inc.(MA-N) 

March 12, 2019

Visa vs. Mastercard She likes this space. They're both into e-commerce where there is a lot of growth to come. Visa bought Visa Europe a year ago and are Integrating it which will make Visa more international than Mastercard. These companies aren't trying to gain market share from each other; they're both growing from cash/cheque to online payments.
other services
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Visa vs. Mastercard She likes this space. They're both into e-commerce where there is a lot of growth to come. Visa bought Visa Europe a year ago and are Integrating it which will make Visa more international than Mastercard. These companies aren't trying to gain market share from each other; they're both growing from cash/cheque to online payments.
other services
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$226.940
Owned Owned
No

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COMMENT
General Market Comment 

February 13, 2019

Market Outlook She thinks US earnings met expectations for 15% growth over the year. Dove comments from the FED and improvement in trade relations has allowed for a 15+% recovery in US and Canadian markets since the lows in December. Going forward the market will again need earnings growth to continue rising. She does not see a recession on the horizon, given good employment numbers. The FED announced in early January that further interest rate increases will be driven by market dynamics -- which soothed market concerns that rates would increase regardless. Canadian growth will lag that of the US, because of rising interest rates here causing a cooling of the housing market.
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Market Outlook She thinks US earnings met expectations for 15% growth over the year. Dove comments from the FED and improvement in trade relations has allowed for a 15+% recovery in US and Canadian markets since the lows in December. Going forward the market will again need earnings growth to continue rising. She does not see a recession on the horizon, given good employment numbers. The FED announced in early January that further interest rate increases will be driven by market dynamics -- which soothed market concerns that rates would increase regardless. Canadian growth will lag that of the US, because of rising interest rates here causing a cooling of the housing market.
Unknown
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$0.000
Owned Owned
_N/A

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COMMENT
Chartwell vs Sienna She owns Chartwell and thinks both are in a growing sector -- senior housing. Sienna has a lower level of regulation, compared to Chartwell, due to the former's higher level of long term care facilities. Chartwell holds the largest market share in Canada -- giving them economies of scale. Chartwell's yield is just under 4% and they have a good pipeline to develop future growth.
property mngmnt/investment
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Chartwell vs Sienna She owns Chartwell and thinks both are in a growing sector -- senior housing. Sienna has a lower level of regulation, compared to Chartwell, due to the former's higher level of long term care facilities. Chartwell holds the largest market share in Canada -- giving them economies of scale. Chartwell's yield is just under 4% and they have a good pipeline to develop future growth.
property mngmnt/investment
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$14.800
Owned Owned
_N/A

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COMMENT
Chartwell vs Sienna She owns Chartwell and thinks both are in a growing sector -- senior housing. Sienna has a lower level of regulation, compared to Chartwell, due to the former's higher level of long term care facilities. Chartwell holds the largest market share in Canada -- giving them economies of scale. Chartwell's yield is just under 4% and they have a good pipeline to develop future growth.
other services
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Chartwell vs Sienna She owns Chartwell and thinks both are in a growing sector -- senior housing. Sienna has a lower level of regulation, compared to Chartwell, due to the former's higher level of long term care facilities. Chartwell holds the largest market share in Canada -- giving them economies of scale. Chartwell's yield is just under 4% and they have a good pipeline to develop future growth.
other services
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$17.450
Owned Owned
_N/A

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WAIT
Maxar Technologies(MAXR-T) 

February 13, 2019

The company has gone through a lot of change and the market has reacted negatively. She got out of it as their satellite business was slowing. They acquired a US digital imaging business and now they are much more leveraged. They also had one of their satellite's recently was lost, which will negatively impact their earnings. A new CEO will be hopeful, but she does not have a good sense of their earnings growth. She wants to wait.
computer software/processing
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The company has gone through a lot of change and the market has reacted negatively. She got out of it as their satellite business was slowing. They acquired a US digital imaging business and now they are much more leveraged. They also had one of their satellite's recently was lost, which will negatively impact their earnings. A new CEO will be hopeful, but she does not have a good sense of their earnings growth. She wants to wait.
computer software/processing
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$7.900
Owned Owned
No

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HOLD
Inter Pipeline(IPL-T) 

February 13, 2019

She thinks the yield is safe. She holds two other pipelines instead. Yield 8.1%.
oil pipelines
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She thinks the yield is safe. She holds two other pipelines instead. Yield 8.1%.
oil pipelines
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$21.210
Owned Owned
No

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WAIT
Facebook(FB-Q) 

February 13, 2019

With the recent pullback in price and the regulatory issues still uncertain, she thinks they will need to spend more to resolve these issues. She will watch, but is not a buyer yet. The user base is not growing like it was and the younger users are not going in this direction. She is on the sidelines. (Analysts’ price target is $194.00)
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With the recent pullback in price and the regulatory issues still uncertain, she thinks they will need to spend more to resolve these issues. She will watch, but is not a buyer yet. The user base is not growing like it was and the younger users are not going in this direction. She is on the sidelines. (Analysts’ price target is $194.00)
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$165.023
Owned Owned
No

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DON'T BUY

This bus manufacturer also has a service offering as well. There had been fears that a slowdown in the US economy would hurt orders. She does not see a compelling reason to own this as the earnings are not defensible.

Automotive
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This bus manufacturer also has a service offering as well. There had been fears that a slowdown in the US economy would hurt orders. She does not see a compelling reason to own this as the earnings are not defensible.

Automotive
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$33.970
Owned Owned
No

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DON'T BUY
Parkland Fuel Corp(PKI-T) 

February 13, 2019

The pullback in the stock price might be related to the spreads in their business. She is not looking at this due to the unpredictability of earnings.
merchandising/lodging
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0 comments
The pullback in the stock price might be related to the spreads in their business. She is not looking at this due to the unpredictability of earnings.
merchandising/lodging
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$37.830
Owned Owned
No

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COMMENT
Vermilion Energy Inc(VET-T) 

February 13, 2019

Dividend sustainable? She thinks you need to watch that the dividend does not become too high relative to earnings per share, but she does think the yield is sustainable. She holds almost 0% in energy at this time. They started buying Canadian properties, which has caused the market to question that when they hold so many assets in higher priced markets. Yield 9%.
oil/gas
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0 comments
Dividend sustainable? She thinks you need to watch that the dividend does not become too high relative to earnings per share, but she does think the yield is sustainable. She holds almost 0% in energy at this time. They started buying Canadian properties, which has caused the market to question that when they hold so many assets in higher priced markets. Yield 9%.
oil/gas
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$32.210
Owned Owned
No

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PAST TOP PICK
(A Top Pick Feb 13/18, Up 19%) It has some growth with 25% of revenues from renewables. 90% of earnings comes from the US. Pays it dividends in US dollars. She still likes it and calls it a defensive holding. Yield 4.2%.
electrical utilities
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(A Top Pick Feb 13/18, Up 19%) It has some growth with 25% of revenues from renewables. 90% of earnings comes from the US. Pays it dividends in US dollars. She still likes it and calls it a defensive holding. Yield 4.2%.
electrical utilities
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$14.340
Owned Owned
Yes

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PAST TOP PICK
Toronto Dominion(TD-T) 

February 13, 2019

(A Top Pick Feb 13/18, Up 9%) TD still looks attractively valued with metrics trading below 10 year averages. She expects another 9-10% increase in the dividend and the payout ratio remains around 50%.
banks
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0 comments
(A Top Pick Feb 13/18, Up 9%) TD still looks attractively valued with metrics trading below 10 year averages. She expects another 9-10% increase in the dividend and the payout ratio remains around 50%.
banks
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$74.930
Owned Owned
Yes

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PAST TOP PICK
JP Morgan Chase & Co(JPM-N) 

February 13, 2019

(A Top Pick Feb 13/18, Down 6%) The US bank sector took a hit in December and it has not quite recovered entirely yet. This is her play on the US economy and they have the largest holding of US investor holdings. They increased the dividend by 40% last year and the yield exceeds 3%. It trades at 10 times earnings -- below historical norms. Yield 3.1%.
Financial Services
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(A Top Pick Feb 13/18, Down 6%) The US bank sector took a hit in December and it has not quite recovered entirely yet. This is her play on the US economy and they have the largest holding of US investor holdings. They increased the dividend by 40% last year and the yield exceeds 3%. It trades at 10 times earnings -- below historical norms. Yield 3.1%.
Financial Services
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$103.310
Owned Owned
Yes

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HOLD
She likes how they make smart acquisitions and know when to sell out for good profits. It has an attractive yield. She owns the parent company as it gives exposure to infrastructure and renewables, allowing for more growth opportunities. This asset offers an investor the best opportunity for income between the two.
INDUSTRIAL PRODUCTS
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0 comments
She likes how they make smart acquisitions and know when to sell out for good profits. It has an attractive yield. She owns the parent company as it gives exposure to infrastructure and renewables, allowing for more growth opportunities. This asset offers an investor the best opportunity for income between the two.
INDUSTRIAL PRODUCTS
0 0 0 0 0
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$53.730
Owned Owned
No

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DON'T BUY
The company trades at 12 times earnings, but despite the reasonable metrics, she does not own a lot in the retail brick and mortar space in Canada. The online competition is fierce. She does not see strong growth prospects here.
specialty stores
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The company trades at 12 times earnings, but despite the reasonable metrics, she does not own a lot in the retail brick and mortar space in Canada. The online competition is fierce. She does not see strong growth prospects here.
specialty stores
0 0 0 0 0
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$230.000
Owned Owned
No

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HOLD
Boeing(BA-N) 

February 13, 2019

Time to take profit? She sold it way too early. They are generating great new cash flow. She is not adverse to take profits -- perhaps take out your initial investment. A lot depends on the US market in general. If it pulls back, it would be a good opportunity to buy back in.
Transportation
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0 comments
Time to take profit? She sold it way too early. They are generating great new cash flow. She is not adverse to take profits -- perhaps take out your initial investment. A lot depends on the US market in general. If it pulls back, it would be a good opportunity to buy back in.
Transportation
0 0 0 0 0
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$410.100
Owned Owned
Unknown

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DON'T BUY
Earnings were a miss on today's report. The guidance is also looking weaker. Copper-zinc and natural gas production are both late in the cycle, so she is not looking to add today. Chinese growth in metals is slowing as infrastructure spending is slowing.
precious metals
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0 comments
Earnings were a miss on today's report. The guidance is also looking weaker. Copper-zinc and natural gas production are both late in the cycle, so she is not looking to add today. Chinese growth in metals is slowing as infrastructure spending is slowing.
precious metals
0 0 0 0 0
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$28.430
Owned Owned
No

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STRONG BUY
Enbridge(ENB-T) 

February 13, 2019

She likes the company and thinks it has executed their strategy to sell off non-core assets. They streamlined their corporate structure and Line 3 is moving forward. This will add to earnings and cash flow and think the dividend can continue to grow until 2020. She would be buying here. Yield 6.2%
oil/gas pipelines
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She likes the company and thinks it has executed their strategy to sell off non-core assets. They streamlined their corporate structure and Line 3 is moving forward. This will add to earnings and cash flow and think the dividend can continue to grow until 2020. She would be buying here. Yield 6.2%
oil/gas pipelines
0 0 0 0 0
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$47.490
Owned Owned
Yes

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HOLD
TransCanada Corp(TRP-T) 

February 13, 2019

She prefers to own ENB-T, but thinks this stock will do well. The dividend is safe. But it is getting more difficult to build pipelines. There is no compelling reason to shift over just yet.
oil/gas pipelines
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0 comments
She prefers to own ENB-T, but thinks this stock will do well. The dividend is safe. But it is getting more difficult to build pipelines. There is no compelling reason to shift over just yet.
oil/gas pipelines
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$55.660
Owned Owned
No

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BUY on WEAKNESS
WSP Global Inc.(WSP-T) 

February 13, 2019

This is on her radar screen. It is purely a service play, rather than construction. This allows them to avoid cost overruns on projects. She thinks this is the best in the space in Canada. She would wait for a pullback in price.
Business Services
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0 comments
This is on her radar screen. It is purely a service play, rather than construction. This allows them to avoid cost overruns on projects. She thinks this is the best in the space in Canada. She would wait for a pullback in price.
Business Services
0 0 0 0 0
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$68.780
Owned Owned
Unknown

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DON'T BUY
Linamar Corp(LNR-T) 

February 13, 2019

She thinks the auto sector in the US has peaked. The space is trading at low multiples, but this is normal based on the cyclical nature of the sector.
transportation equip & components
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0 comments
She thinks the auto sector in the US has peaked. The space is trading at low multiples, but this is normal based on the cyclical nature of the sector.
transportation equip & components
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$48.460
Owned Owned
No

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HOLD
Power Corp(POW-T) 

February 13, 2019

Is the dividend safe? She thinks the yield is safe. Investors' Group is going through changes, so that is eroding the earnings. She wonders about how much growth there is, so the dividend may not grow forever.
mngmnt/diversified
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Is the dividend safe? She thinks the yield is safe. Investors' Group is going through changes, so that is eroding the earnings. She wonders about how much growth there is, so the dividend may not grow forever.
mngmnt/diversified
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$26.900
Owned Owned
Unknown

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WAIT
General Electric(GE-N) 

February 13, 2019

It should be trading higher in a year and is on here watch list. The new CEO still has to provide out their new business model. If you don't already own it, you should watch for direction.
electrical/electronic
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0 comments
It should be trading higher in a year and is on here watch list. The new CEO still has to provide out their new business model. If you don't already own it, you should watch for direction.
electrical/electronic
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$10.370
Owned Owned
No

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TOP PICK
Nutrien Ltd.(NTR-T) 

February 13, 2019

The Potash and Agrium merger. They netted about $5.2 billion in cash following the regulatory requirement to sell off some assets. They are also targeting synergy economies of $500-600 million. Potash prices look to be stable, but new capacity is coming from Russia. Management has learned to watch pricing for their product to maintain margins. The retail business, now accounting for 35% of revenue, will grow in the US and Brazil. The dividend grew last year and they have announced a share buy back program. Yield 3.17% (Analysts’ price target is $81.89)
agriculture
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The Potash and Agrium merger. They netted about $5.2 billion in cash following the regulatory requirement to sell off some assets. They are also targeting synergy economies of $500-600 million. Potash prices look to be stable, but new capacity is coming from Russia. Management has learned to watch pricing for their product to maintain margins. The retail business, now accounting for 35% of revenue, will grow in the US and Brazil. The dividend grew last year and they have announced a share buy back program. Yield 3.17% (Analysts’ price target is $81.89)
agriculture
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$71.740
Owned Owned
Yes

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TOP PICK
Pembina Pipeline Corp(PPL-T) 

February 13, 2019

This is her infrastructure Top Pick. They are well positioned in the Canadian shale plays of Montney and Duvernay. They bought Verasan about a year ago, bringing allow some high quality assets in Western Canada and the prospect of a LNG facility. Stable cash flow anchored by take or pay contracts. Yield 4.9%. (Analysts’ price target is $54.28)
pipelines
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This is her infrastructure Top Pick. They are well positioned in the Canadian shale plays of Montney and Duvernay. They bought Verasan about a year ago, bringing allow some high quality assets in Western Canada and the prospect of a LNG facility. Stable cash flow anchored by take or pay contracts. Yield 4.9%. (Analysts’ price target is $54.28)
pipelines
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$47.500
Owned Owned
Yes

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TOP PICK
Alphabet Inc. (A)(GOOGL-Q) 

February 13, 2019

It continues to garner a large percentage of online advertising spending. Newer driver-less car technology and YouTube offer good prospects. They have over 36 consecutive quarters of 20% organic growth. They can fund their growth through internal cash flow. Yield 0%. (Analysts’ price target is $1334.78)
Business Services
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0 comments
It continues to garner a large percentage of online advertising spending. Newer driver-less car technology and YouTube offer good prospects. They have over 36 consecutive quarters of 20% organic growth. They can fund their growth through internal cash flow. Yield 0%. (Analysts’ price target is $1334.78)
Business Services
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$1134.800
Owned Owned
Yes

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COMMENT
General Market Comment 

January 10, 2019

Market Outlook - The Market got oversold on December due to negative sentiment. Concerns about US trade war with China, flat yield curve flattening and oil price collapsing and a misinterpretation from the market on what Powell said about raising rates regardless of what was going on weighted on sentiment. Powell then talked again and he said that he was data dependent. The Bank of Canada said the same recently. That provided relieve to the market. The preliminary holiday sales estimates indicate that it was a strong season. Unemployment is still low. It is too early to say.
0 0 0 0 0
0 comments
Market Outlook - The Market got oversold on December due to negative sentiment. Concerns about US trade war with China, flat yield curve flattening and oil price collapsing and a misinterpretation from the market on what Powell said about raising rates regardless of what was going on weighted on sentiment. Powell then talked again and he said that he was data dependent. The Bank of Canada said the same recently. That provided relieve to the market. The preliminary holiday sales estimates indicate that it was a strong season. Unemployment is still low. It is too early to say.
Unknown
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$0.000
Owned Owned
Unknown

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DON'T BUY
FedEx(FDX-N) 

January 10, 2019

They had to reduce guidance. They are seeing a global slowdown particularly in Europe. A couple of years ago they invested in an express delivery company in Europe. They lower their operating profits target for this company. Another overhang on the stock is Amazon (AMZN-Q) that is trying to build their own delivery network. Stay on the sidelines.
Transportation
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0 comments
They had to reduce guidance. They are seeing a global slowdown particularly in Europe. A couple of years ago they invested in an express delivery company in Europe. They lower their operating profits target for this company. Another overhang on the stock is Amazon (AMZN-Q) that is trying to build their own delivery network. Stay on the sidelines.
Transportation
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$170.120
Owned Owned
No

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BUY
Xylem Inc.(XYL-N) 

January 10, 2019

Pure play on water. They transport and treat and test water. As a scarce resource this is a good long term play. They tend to operate locally. At this level after the pullback they are adding to clients' portfolios. Good entry point.
environmental
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0 comments
Pure play on water. They transport and treat and test water. As a scarce resource this is a good long term play. They tend to operate locally. At this level after the pullback they are adding to clients' portfolios. Good entry point.
environmental
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$68.910
Owned Owned
Yes

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COMMENT
BCE Inc.(BCE-T) 

January 10, 2019

If Canada bans Huawei would this company be hurt as they are using Huawei equipment to build the 5G network - They do have a lot of their equipment from Huawei. They would have to replace this equipment. It might cost them some money but eventually it will be passed through to the consumer. It is an incremental expense but will be manageable.
telephone utilities
0 0 0 0 0
0 comments
If Canada bans Huawei would this company be hurt as they are using Huawei equipment to build the 5G network - They do have a lot of their equipment from Huawei. They would have to replace this equipment. It might cost them some money but eventually it will be passed through to the consumer. It is an incremental expense but will be manageable.
telephone utilities
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$55.140
Owned Owned
Unknown

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HOLD
Telus Corp(T-T) 

January 10, 2019

If Canada bans Huawei would this company be hurt as they are using Huawei equipment to build the 5G network - They do have a lot of their equipment from Huawei. They would have to replace this equipment. It might cost them some money but eventually it will be passed through to the consumer. It is an incremental expense but will be manageable. Attractive yield. Nothing wrong with this company as part of an income bucket.
telephone utilities
0 0 0 0 0
0 comments
If Canada bans Huawei would this company be hurt as they are using Huawei equipment to build the 5G network - They do have a lot of their equipment from Huawei. They would have to replace this equipment. It might cost them some money but eventually it will be passed through to the consumer. It is an incremental expense but will be manageable. Attractive yield. Nothing wrong with this company as part of an income bucket.
telephone utilities
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$45.350
Owned Owned
Unknown

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BUY
Johnson & Johnson(JNJ-N) 

January 10, 2019

Would the hiccup they had with the baby powder be a problem for the company and it is safe to step in? - Still own this company. They had it for a couple of years. The company said the product is safe and they said that the evidence is in their side. It is a triple A rated company. Their pharmaceutical division is doing very well. The dividend is very attractive and with the pullback it is good to step in.
biotechnology/pharmaceutical
0 0 0 0 0
0 comments
Would the hiccup they had with the baby powder be a problem for the company and it is safe to step in? - Still own this company. They had it for a couple of years. The company said the product is safe and they said that the evidence is in their side. It is a triple A rated company. Their pharmaceutical division is doing very well. The dividend is very attractive and with the pullback it is good to step in.
biotechnology/pharmaceutical
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$129.710
Owned Owned
Yes

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DON'T BUY
Altagas Ltd(ALA-T) 

January 10, 2019

They bought a large operation in the US and then sold some assets to finance it. The market did not like it and eventually they cut the dividend. She likes other infrastructure companies that have more visibility in terms of cash flow and better growth profiles.

oil/gas
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0 comments

They bought a large operation in the US and then sold some assets to finance it. The market did not like it and eventually they cut the dividend. She likes other infrastructure companies that have more visibility in terms of cash flow and better growth profiles.

oil/gas
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$14.100
Owned Owned
No

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BUY
Very well managed company. Attractive space. We all live longer and there will be increasing demand for what they offer. They don't do any home care that is more open to potential liability. They have a good pipeline to grow over the next couple of years with an attractive distribution yield of around 4%. This is actually a good entry point for this stock.
property mngmnt/investment
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0 comments
Very well managed company. Attractive space. We all live longer and there will be increasing demand for what they offer. They don't do any home care that is more open to potential liability. They have a good pipeline to grow over the next couple of years with an attractive distribution yield of around 4%. This is actually a good entry point for this stock.
property mngmnt/investment
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$14.030
Owned Owned
Yes

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DON'T BUY
BlackBerry(BB-T) 

January 10, 2019

It has transitioned out of hardware into software. They have a lot of cash and they make software acquisitions. There is not enough visibility in their top line growth yet.

electrical/electronic
0 0 0 0 0
0 comments

It has transitioned out of hardware into software. They have a lot of cash and they make software acquisitions. There is not enough visibility in their top line growth yet.

electrical/electronic
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$9.960
Owned Owned
No

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HOLD
United Technologies(UTX-N) 

January 10, 2019

The stock came off because they announced the split in three parts ( Aerospace, Otis Elevators and Chubb and Carrier Division) but it will take up to 18 months to wait until a recent acquisition closes. All three business are great with recurring revenue streams. But the spinoff  is an overhang on the stock. You will be paid to hold here.

mngmnt/diversified
0 0 0 0 0
0 comments

The stock came off because they announced the split in three parts ( Aerospace, Otis Elevators and Chubb and Carrier Division) but it will take up to 18 months to wait until a recent acquisition closes. All three business are great with recurring revenue streams. But the spinoff  is an overhang on the stock. You will be paid to hold here.

mngmnt/diversified
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$110.410
Owned Owned
Yes

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PAST TOP PICK
Nutrien Ltd.(NTR-T) 

January 10, 2019

(A Top Pick Jan 09/18, Up 4%) They merged with Potash a year ago. Well positioned as crop prices have held. The largest potash producer and there is increasing demand for it. Their retail side is around 35% of their operations. Attractive yield of 3.5% and they are doing some share buy backs. Attractive entry point.

agriculture
0 0 0 0 0
0 comments

(A Top Pick Jan 09/18, Up 4%) They merged with Potash a year ago. Well positioned as crop prices have held. The largest potash producer and there is increasing demand for it. Their retail side is around 35% of their operations. Attractive yield of 3.5% and they are doing some share buy backs. Attractive entry point.

agriculture
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$66.280
Owned Owned
Yes

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PAST TOP PICK
Walt Disney(DIS-N) 

January 10, 2019

(A Top Pick Jan 09/18, Up 4%) It is going to be a big year for this company as they launch their direct to consumer platform. Great content. ESPN is part of their media network that is doing well. The theme park is doing well both domestically and internationally. Firing on all cylinders. Attractive entry point.
entertainment services
0 0 0 0 0
0 comments
(A Top Pick Jan 09/18, Up 4%) It is going to be a big year for this company as they launch their direct to consumer platform. Great content. ESPN is part of their media network that is doing well. The theme park is doing well both domestically and internationally. Firing on all cylinders. Attractive entry point.
entertainment services
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$112.800
Owned Owned
Yes

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PAST TOP PICK
Fortis Inc.(FTS-T) 

January 10, 2019

(A Top Pick Jan 09/18, Up 6%) Boring utility. Everybody should own any of these. Yield of 4%. She has a target price of $48. Regulated with operations in the US. She thinks they are going to grow their dividend by 6% every year for the next 5 years. Safe, defensive income stock.

electrical utilities
0 0 0 0 0
0 comments

(A Top Pick Jan 09/18, Up 6%) Boring utility. Everybody should own any of these. Yield of 4%. She has a target price of $48. Regulated with operations in the US. She thinks they are going to grow their dividend by 6% every year for the next 5 years. Safe, defensive income stock.

electrical utilities
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$45.460
Owned Owned
Yes

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COMMENT
General Market Comment 

January 10, 2019

Are we in a bear market? - How do you define a bear market? She doesn't think we are in a bear market. Some people say that a 20% threshold is how you define a bear market. The S&P 500 dropped from a high of September 20 to the low on December 24 19.4%. She doesn't see a recession in the near future. There is a slow down in 2019 with GDP growth being lower than 2018 but still positive. Same with corporate profit growth as the 2018 profits had been boosted by tax incentives.

0 0 0 0 0
0 comments

Are we in a bear market? - How do you define a bear market? She doesn't think we are in a bear market. Some people say that a 20% threshold is how you define a bear market. The S&P 500 dropped from a high of September 20 to the low on December 24 19.4%. She doesn't see a recession in the near future. There is a slow down in 2019 with GDP growth being lower than 2018 but still positive. Same with corporate profit growth as the 2018 profits had been boosted by tax incentives.

Unknown
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$0.000
Owned Owned
Unknown

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BUY

Bought it a year and a half ago. Very well managed. They have four verticals: infrastructure, renewables, property and private equity. Very global. Long term secular. Great investment.

management/diversified
0 0 0 0 0
0 comments

Bought it a year and a half ago. Very well managed. They have four verticals: infrastructure, renewables, property and private equity. Very global. Long term secular. Great investment.

management/diversified
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$40.690
Owned Owned
Yes

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COMMENT
General Market Comment 

January 10, 2019

Is it a good moment to convert CAD into USD? - It is always very difficult to call on currency. She sees the CAD in a range of 1.25 to 1.35. We are kind of at the high end of that end of that range. Having said that she doesn't see the CAD appreciating as there is no reason for that.
0 0 0 0 0
0 comments
Is it a good moment to convert CAD into USD? - It is always very difficult to call on currency. She sees the CAD in a range of 1.25 to 1.35. We are kind of at the high end of that end of that range. Having said that she doesn't see the CAD appreciating as there is no reason for that.
Unknown
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$0.000
Owned Owned
Unknown

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BUY
Microsoft(MSFT-Q) 

January 10, 2019

Just added on the recent pull back. Well positioned in terms of the cloud services and they did a good job in terms of transitioning to a subscription model for their Office programs. Lots of cash in their balance sheet and recurring revenue streams.
computer software/processing
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0 comments
Just added on the recent pull back. Well positioned in terms of the cloud services and they did a good job in terms of transitioning to a subscription model for their Office programs. Lots of cash in their balance sheet and recurring revenue streams.
computer software/processing
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$103.600
Owned Owned
Yes

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HOLD
Raytheon(RTN-N) 

January 10, 2019

The multiple contracted with the pull in the market. A defensive name. All defensive names came off in 2018.
electrical/electronic
0 0 0 0 0
0 comments
The multiple contracted with the pull in the market. A defensive name. All defensive names came off in 2018.
electrical/electronic
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$159.580
Owned Owned
No

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SELL
Celgene Corp(CELG-Q) 

January 10, 2019

Having issues in terms of competition. They wanted to merge with Bristol. She doesn't think the combination makes it a better company. She would sell on the announcement (as the stock lifted).
Consumer Products
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0 comments
Having issues in terms of competition. They wanted to merge with Bristol. She doesn't think the combination makes it a better company. She would sell on the announcement (as the stock lifted).
Consumer Products
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$86.950
Owned Owned
No

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BUY
Enbridge(ENB-T) 

January 10, 2019

They held it for a couple of years. She would buy now. They decided to sell assets to deleverage their balance sheet. Attractive yield of 6.4% and it is going to grow. All the pipeline got hit with the pullback on the energy price of collapsed even though their business model is very different to the producers.
oil/gas pipelines
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0 comments
They held it for a couple of years. She would buy now. They decided to sell assets to deleverage their balance sheet. Attractive yield of 6.4% and it is going to grow. All the pipeline got hit with the pullback on the energy price of collapsed even though their business model is very different to the producers.
oil/gas pipelines
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$45.900
Owned Owned
No

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COMMENT
Vermilion Energy Inc(VET-T) 

January 10, 2019

Is this a good stock as a long term income hold? - Energy producers are not income stocks as they rely on the price of the commodity. (Analysts’ price target is $44.03)
oil/gas
0 0 0 0 0
0 comments
Is this a good stock as a long term income hold? - Energy producers are not income stocks as they rely on the price of the commodity. (Analysts’ price target is $44.03)
oil/gas
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$31.560
Owned Owned
Unknown

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WAIT
General Electric(GE-N) 

January 10, 2019

In their watch list but it is going to take a while to restructure the company. Still to early. Would wait until the CEO has an investor call.
electrical/electronic
0 0 0 0 0
0 comments
In their watch list but it is going to take a while to restructure the company. Still to early. Would wait until the CEO has an investor call.
electrical/electronic
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$8.940
Owned Owned
No

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TOP PICK
Toronto Dominion(TD-T) 

January 10, 2019

Canadian Banks didn't do well in 2018. But the multiple contracted dramatically trading below 10x earnings now. Valuation is very attractive. Yield of 3.9%. Good growth in the US. They are still 70% retail. Capital markets (that tends to be more volatile) is only 8% of their revenues. They are deposit based. They can grow their earnings by 6-7% this year. Banks have a target payout ratio of 40 to 50% of earnings. (Analysts’ price target is $83.93)
banks
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0 comments
Canadian Banks didn't do well in 2018. But the multiple contracted dramatically trading below 10x earnings now. Valuation is very attractive. Yield of 3.9%. Good growth in the US. They are still 70% retail. Capital markets (that tends to be more volatile) is only 8% of their revenues. They are deposit based. They can grow their earnings by 6-7% this year. Banks have a target payout ratio of 40 to 50% of earnings. (Analysts’ price target is $83.93)
banks
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$68.800
Owned Owned
Yes

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TOP PICK
Abbott Labs(ABT-N) 

January 10, 2019

They owned for a number of years. 35% of their business is in the US and 40% emerging markets. Well diversified. They have four divisions: nutritionals, established pharmaceuticals, generics and medical devices and diagnostics. She sees double digit growth in earnings. (Analysts’ price target is $78.57)
biotechnology/pharmaceutical
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0 comments
They owned for a number of years. 35% of their business is in the US and 40% emerging markets. Well diversified. They have four divisions: nutritionals, established pharmaceuticals, generics and medical devices and diagnostics. She sees double digit growth in earnings. (Analysts’ price target is $78.57)
biotechnology/pharmaceutical
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$69.080
Owned Owned
Yes

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TOP PICK
Visa Inc.(V-N) 

January 10, 2019

Leading global payment platform. As more and more people buy online they benefit. Under penetrated in Europe. They bought Visa Europe a couple of years ago that was run before as a not for profit. Good secular growth in the space. She thinks that they can grow their earnings at a 15% - 20% rate. Valuation very attractive. (Analysts’ price target is $161.35)
other services
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0 comments
Leading global payment platform. As more and more people buy online they benefit. Under penetrated in Europe. They bought Visa Europe a couple of years ago that was run before as a not for profit. Good secular growth in the space. She thinks that they can grow their earnings at a 15% - 20% rate. Valuation very attractive. (Analysts’ price target is $161.35)
other services
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$138.670
Owned Owned
Yes

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COMMENT
General Market Comment 

December 11, 2018

Corporate profits need to lift this market. U.S. ones have had a strong YTD at over 20%. In 2019, they will increase 8%. That's positive if that happens. Markets will be higher a year from now, but the trade war is a serious overhang. Seeing car tariffs removed will certainly be positive. The detainment of the Huawei CFO is an obvious negative, so we must keep an eye on that. Executives are now hesitant to travel. Consensus is that Powell will raise U.S. interest rates next week and three times in 2019. But Powell has said factors could slow the economy and he'll be data-dependent. Now, the BOC has adopted a dovish tone. This means that interest rates in both countries will not rise as quickly as expected.
0 0 0 0 0
0 comments
Corporate profits need to lift this market. U.S. ones have had a strong YTD at over 20%. In 2019, they will increase 8%. That's positive if that happens. Markets will be higher a year from now, but the trade war is a serious overhang. Seeing car tariffs removed will certainly be positive. The detainment of the Huawei CFO is an obvious negative, so we must keep an eye on that. Executives are now hesitant to travel. Consensus is that Powell will raise U.S. interest rates next week and three times in 2019. But Powell has said factors could slow the economy and he'll be data-dependent. Now, the BOC has adopted a dovish tone. This means that interest rates in both countries will not rise as quickly as expected.
Unknown
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$0.000
Owned Owned
Unknown

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DON'T BUY
Goldman Sachs(GS-N) 

December 11, 2018

Brokerages are more volatile than banks or insurance companies, because they rely so much on capital markets. In the late-cycle, there's a lot of general uncertainty. If you want exposure to the U.S. financial sector, buy a bank of lifeco which are more stable.
investment companies/funds
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0 comments
Brokerages are more volatile than banks or insurance companies, because they rely so much on capital markets. In the late-cycle, there's a lot of general uncertainty. If you want exposure to the U.S. financial sector, buy a bank of lifeco which are more stable.
investment companies/funds
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$176.800
Owned Owned
No

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DON'T BUY
3M Co.(MMM-N) 

December 11, 2018

A diversified industrial company across consumer, industrials and materials, but they have weak topline growth. About 18 months ago, they bought back stock, but added debt, when interest rates were low. Not her first choice in this space. Others have better top- and bottom-line growth.
mngmnt/diversified
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0 comments
A diversified industrial company across consumer, industrials and materials, but they have weak topline growth. About 18 months ago, they bought back stock, but added debt, when interest rates were low. Not her first choice in this space. Others have better top- and bottom-line growth.
mngmnt/diversified
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$197.460
Owned Owned
No

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DON'T BUY
Has copper, zinc and oil exposure. She's not buying resources, because of global uncertainty. China is a big buyer of these. TECK is good at paying down their debt, though. Wait to see how the tarriffs play out.
precious metals
0 0 0 0 0
0 comments
Has copper, zinc and oil exposure. She's not buying resources, because of global uncertainty. China is a big buyer of these. TECK is good at paying down their debt, though. Wait to see how the tarriffs play out.
precious metals
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$29.320
Owned Owned
No

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COMMENT
Cineplex Inc(CGX-T) 

December 11, 2018

Pays a good 6% dividend. It's a long-term play. The box office accounts for 80% of their profits and have been diversifying into areas like the Rec Room--but this will take time. They sell tickets when the movies are popular. Steps like the VIP cinemas and serving alcohol are positive. The dividend should hold up, unless the movie business collapses, which she doesn't see. Don't see a dividend increase, though. Also, people watch movies during recessions.
other services
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0 comments
Pays a good 6% dividend. It's a long-term play. The box office accounts for 80% of their profits and have been diversifying into areas like the Rec Room--but this will take time. They sell tickets when the movies are popular. Steps like the VIP cinemas and serving alcohol are positive. The dividend should hold up, unless the movie business collapses, which she doesn't see. Don't see a dividend increase, though. Also, people watch movies during recessions.
other services
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$24.500
Owned Owned
Unknown

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BUY
REITs you recommend? Earlier this year, interest-sensitives moved down because interest rates were rising. Then, this fall, the Canadian economy looked shaky as oil fell, so rates held, and so THIS benfitted interest-sensitives. Now, there are fears of a recession (which she doesn't see), so investors bought these stocks again. You should hold 5-7% in REITS. She likes H&R REIT with a yield of 6%. It's diversified across commercial and industrial properties with some in Canada but got out of that in America. They'll benefit when Amazon builds another HQ in Long Island where HR has some residential property.
property mngmnt/investment
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0 comments
REITs you recommend? Earlier this year, interest-sensitives moved down because interest rates were rising. Then, this fall, the Canadian economy looked shaky as oil fell, so rates held, and so THIS benfitted interest-sensitives. Now, there are fears of a recession (which she doesn't see), so investors bought these stocks again. You should hold 5-7% in REITS. She likes H&R REIT with a yield of 6%. It's diversified across commercial and industrial properties with some in Canada but got out of that in America. They'll benefit when Amazon builds another HQ in Long Island where HR has some residential property.
property mngmnt/investment
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$21.380
Owned Owned
Yes

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DON'T BUY
BlackBerry(BB-T) 

December 11, 2018

The CEO has made good moves, but he hasn't said how he'll grow their topline. Also a general pullback in U.S. tech means better stocks to buy elsewhere, stocks that boast better growth.
electrical/electronic
0 0 0 0 0
0 comments
The CEO has made good moves, but he hasn't said how he'll grow their topline. Also a general pullback in U.S. tech means better stocks to buy elsewhere, stocks that boast better growth.
electrical/electronic
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$10.520
Owned Owned
No

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BUY
Alphabet Inc. (A)(GOOGL-Q) 

December 11, 2018

Still buying it during this pullback. Their online advertising, which they dominate, is still growing and they hold a lot of cash so that can finance their growth without taking on a lot of debt. Their self-driving division will launch sometime in 2019 and has good potential. Google is growing their topline by 22% for a few years, which she believes they can sustain.
Business Services
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0 comments
Still buying it during this pullback. Their online advertising, which they dominate, is still growing and they hold a lot of cash so that can finance their growth without taking on a lot of debt. Their self-driving division will launch sometime in 2019 and has good potential. Google is growing their topline by 22% for a few years, which she believes they can sustain.
Business Services
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$1061.650
Owned Owned
Yes

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DON'T BUY
Why is it so low? Canadian energy suffers from very negative sentiment, though the WCS spread has narrowed (which is good). CPG management is finally getting the point that investors don't want them to keep issuing equity. So, CPG is trying to do asset sales, but so are peers. Also, we're in tax-loss selling season. She owns very few energy producers.
oil/gas
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0 comments
Why is it so low? Canadian energy suffers from very negative sentiment, though the WCS spread has narrowed (which is good). CPG management is finally getting the point that investors don't want them to keep issuing equity. So, CPG is trying to do asset sales, but so are peers. Also, we're in tax-loss selling season. She owns very few energy producers.
oil/gas
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$4.220
Owned Owned
No

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BUY
The biggest U.S. mall owner. But they also own industrial and commercial. Diversified. They're good at re-purposing malls by including condos and gyms. The stock is cheap here. They've been buying back stock. She owns this through the Brookfield parent.
REAL ESTATE
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0 comments
The biggest U.S. mall owner. But they also own industrial and commercial. Diversified. They're good at re-purposing malls by including condos and gyms. The stock is cheap here. They've been buying back stock. She owns this through the Brookfield parent.
REAL ESTATE
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$22.430
Owned Owned
No

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WATCH
Emerson Electric(EMR-N) 

December 11, 2018

A quality industrial and is on her watch list. General uncertainty, trade wars and their exposure to oil has held her back from buying. She owns other industrials, but all have come down in valuation. Wait to see how the trade war plays out before stepping into this sector.
machinery
0 0 0 0 0
0 comments
A quality industrial and is on her watch list. General uncertainty, trade wars and their exposure to oil has held her back from buying. She owns other industrials, but all have come down in valuation. Wait to see how the trade war plays out before stepping into this sector.
machinery
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$62.280
Owned Owned
No

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PAST TOP PICK
Unilever PLC(UL-N) 

December 11, 2018

(A Top Pick Dec 12/17, Down 0.2%) They operate in personal and beauty care, where margins are growing. This is a core consumer staple holding, because 60% of revenues come from emerging markets which offers more growth than in developed markets. This is a long-term secular play. Reasonably valued. A good defensive that pays over a 3% dividend.
food processing
0 0 0 0 0
0 comments
(A Top Pick Dec 12/17, Down 0.2%) They operate in personal and beauty care, where margins are growing. This is a core consumer staple holding, because 60% of revenues come from emerging markets which offers more growth than in developed markets. This is a long-term secular play. Reasonably valued. A good defensive that pays over a 3% dividend.
food processing
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$54.150
Owned Owned
Yes

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PAST TOP PICK
Enbridge(ENB-T) 

December 11, 2018

(A Top Pick Dec 12/17, Down 8%) They did what they promised: completed $7 billion in asset sales, and de-levering their balance sheet, post-Spectra deal, and simplifying their corporate structure. They'll grow their dividend 10% annually to 2020. They have a backlog of projects to support this growth. Payout ratio is 60%. The stock is attractively priced now. Line 3 pipeline should come on in late-2019.
oil/gas pipelines
0 0 0 0 0
0 comments
(A Top Pick Dec 12/17, Down 8%) They did what they promised: completed $7 billion in asset sales, and de-levering their balance sheet, post-Spectra deal, and simplifying their corporate structure. They'll grow their dividend 10% annually to 2020. They have a backlog of projects to support this growth. Payout ratio is 60%. The stock is attractively priced now. Line 3 pipeline should come on in late-2019.
oil/gas pipelines
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$42.120
Owned Owned
Yes

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PAST TOP PICK
(A Top Pick Dec 12/17, Down 2%) Pays over 4% yield. It slipped because of rising interest rates. They built somer supply in Ontario and Quebec, so occupancy in Ontario has temporarily slipped to 88% vs. 91% 18 months ago. The demand is definitely there to absorb these new rooms. She likes the play on aging demographics, so there'll be a growing need for seniors housing. CSH is well-positioned to grow in Canada and is the leader.
property mngmnt/investment
0 0 0 0 0
0 comments
(A Top Pick Dec 12/17, Down 2%) Pays over 4% yield. It slipped because of rising interest rates. They built somer supply in Ontario and Quebec, so occupancy in Ontario has temporarily slipped to 88% vs. 91% 18 months ago. The demand is definitely there to absorb these new rooms. She likes the play on aging demographics, so there'll be a growing need for seniors housing. CSH is well-positioned to grow in Canada and is the leader.
property mngmnt/investment
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$14.650
Owned Owned
Yes

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COMMENT
Sun Life Financial Inc(SLF-T) 

December 11, 2018

The lifecos are attractive after this correction. Solid businesses. SLF has a big U.S. asset management operation. But she prefers (and owns) MFC which has a better valuation. In the past. SLF's earnings have outgrown MFC's, but MFC's should outpace SLF's going forward. MFC trades at a discount to SLF.
insurance
0 0 0 0 0
0 comments
The lifecos are attractive after this correction. Solid businesses. SLF has a big U.S. asset management operation. But she prefers (and owns) MFC which has a better valuation. In the past. SLF's earnings have outgrown MFC's, but MFC's should outpace SLF's going forward. MFC trades at a discount to SLF.
insurance
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$45.010
Owned Owned
No

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BUY
Manulife Financial(MFC-T) 

December 11, 2018

The lifecos are attractive after this correction. Solid businesses. SLF has a big U.S. asset management operation. But she prefers (and owns) MFC which has a better valuation. In the past. SLF's earnings have outgrown MFC's, but MFC's should outpace SLF's going forward. MFC trades at a discount to SLF.
insurance
0 0 0 0 0
0 comments
The lifecos are attractive after this correction. Solid businesses. SLF has a big U.S. asset management operation. But she prefers (and owns) MFC which has a better valuation. In the past. SLF's earnings have outgrown MFC's, but MFC's should outpace SLF's going forward. MFC trades at a discount to SLF.
insurance
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$19.850
Owned Owned
Yes

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COMMENT
She doesn't invest in ETFs and isn't familiar with this. If you want to play US banks, then an ETF could work though this one is hedged to the CAD, which she doesn't like. She prefers individual U.S. banks like JPM.
E.T.F.'s
0 0 0 0 0
0 comments
She doesn't invest in ETFs and isn't familiar with this. If you want to play US banks, then an ETF could work though this one is hedged to the CAD, which she doesn't like. She prefers individual U.S. banks like JPM.
E.T.F.'s
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$25.010
Owned Owned
Unknown

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DON'T BUY
Martinrea(MRE-T) 

December 11, 2018

She doesn't follow this closely. She owns nothing in auto parts, because the U.S. auto cycle has likely peaked and things in Europe are slowing.
metal fabricators
0 0 0 0 0
0 comments
She doesn't follow this closely. She owns nothing in auto parts, because the U.S. auto cycle has likely peaked and things in Europe are slowing.
metal fabricators
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$9.980
Owned Owned
No

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DON'T BUY
Qualcomm(QCOM-Q) 

December 11, 2018

She used to own it. They've had issues of reinforcing royalty payments in China, and now have a dispute with Apple. Too much uncertainty over how they protect their patents.
Telecommunications
0 0 0 0 0
0 comments
She used to own it. They've had issues of reinforcing royalty payments in China, and now have a dispute with Apple. Too much uncertainty over how they protect their patents.
Telecommunications
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$57.350
Owned Owned
No

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BUY
Toronto Dominion(TD-T) 

December 11, 2018

Will this correction in Canadian banks continue? They've all been down 5-10% this year. TD just reported strongly with earnings up 13% YOY. TD was questioned about energy and residential loans. The former are well-contained, and mortgage growth is in the single-digits. TD is attractively valued; all the Canadian banks are below historic price-to-earnings or -book. In 2019, she expects all the Canadian banks to catch-up to these metrics. All have increased their dividends. TD has a 45% payout ratio. This year, the banks have been reflecting a lot of bad news, but next year she expects them to catch up. She'd buy TD now.
banks
0 0 0 0 0
0 comments
Will this correction in Canadian banks continue? They've all been down 5-10% this year. TD just reported strongly with earnings up 13% YOY. TD was questioned about energy and residential loans. The former are well-contained, and mortgage growth is in the single-digits. TD is attractively valued; all the Canadian banks are below historic price-to-earnings or -book. In 2019, she expects all the Canadian banks to catch-up to these metrics. All have increased their dividends. TD has a 45% payout ratio. This year, the banks have been reflecting a lot of bad news, but next year she expects them to catch up. She'd buy TD now.
banks
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$69.390
Owned Owned
Yes

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COMMENT
Power Financial Corp(PWF-T) 

December 11, 2018

POW or PWF for income? Owns PWF for the yield. Neither stock has done much. PWF owns Investors Group and GWL, a solid insurance company. IG had to disclose their fee structure, which was a negative, but is now slowly improving. You can own PWF for the yield, but there's been little price movement. POW owns PWF. The discounts to NAV are wide; she's unsure what the catalyst will be to narrow that. Both dividends are safe.
finance/leasing
0 0 0 0 0
0 comments
POW or PWF for income? Owns PWF for the yield. Neither stock has done much. PWF owns Investors Group and GWL, a solid insurance company. IG had to disclose their fee structure, which was a negative, but is now slowly improving. You can own PWF for the yield, but there's been little price movement. POW owns PWF. The discounts to NAV are wide; she's unsure what the catalyst will be to narrow that. Both dividends are safe.
finance/leasing
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$26.490
Owned Owned
Yes

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COMMENT
Power Corp(POW-T) 

December 11, 2018

POW or PWF for income? Owns PWF for the yield. Neither stock has done much. PWF owns Investors Group and GWL, a solid insurance company. IG had to disclose their fee structure, which was a negative, but is now slowly improving. You can own PWF for the yield, but there's been little price movement. POW owns PWF. The discounts to NAV are wide; she's unsure what the catalyst will be to narrow that. Both dividends are safe.
mngmnt/diversified
0 0 0 0 0
0 comments
POW or PWF for income? Owns PWF for the yield. Neither stock has done much. PWF owns Investors Group and GWL, a solid insurance company. IG had to disclose their fee structure, which was a negative, but is now slowly improving. You can own PWF for the yield, but there's been little price movement. POW owns PWF. The discounts to NAV are wide; she's unsure what the catalyst will be to narrow that. Both dividends are safe.
mngmnt/diversified
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$24.890
Owned Owned
No

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DON'T BUY
Magna Int'l. (A)(MG-T) 

December 11, 2018

She doesn't own this sector because of concerns (peak auto, tariffs, GM closings). But if she were to buy this sector, this would be her choice, because they have a global presence, especially Europe where they can improve their margins.
Automotive
0 0 0 0 0
0 comments
She doesn't own this sector because of concerns (peak auto, tariffs, GM closings). But if she were to buy this sector, this would be her choice, because they have a global presence, especially Europe where they can improve their margins.
Automotive
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$60.230
Owned Owned
No

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DON'T BUY
Cisco(CSCO-Q) 

December 11, 2018

Transitioning from hardware to software and seeing some growth. The valuation is attractive, but other names in this tech space are better.
electrical/electronic
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Transitioning from hardware to software and seeing some growth. The valuation is attractive, but other names in this tech space are better.
electrical/electronic
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$47.090
Owned Owned
No

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TOP PICK
Pembina Pipeline Corp(PPL-T) 

December 11, 2018

A defensive play. They're well-positioned in western Canada even with the low oil prices; they're still drilling there. They operates pipelines, processing plants, midstream operations. This year, they enjoyed strong cash flow growth and they believe they can continue to grow that by 10% annually over the next few years, and grow their dividend by 10%. Strong balance sheet with a 53% payout ratio. (Analysts’ price target is $54.11)
pipelines
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0 comments
A defensive play. They're well-positioned in western Canada even with the low oil prices; they're still drilling there. They operates pipelines, processing plants, midstream operations. This year, they enjoyed strong cash flow growth and they believe they can continue to grow that by 10% annually over the next few years, and grow their dividend by 10%. Strong balance sheet with a 53% payout ratio. (Analysts’ price target is $54.11)
pipelines
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$43.390
Owned Owned
Yes

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TOP PICK
Microsoft(MSFT-Q) 

December 11, 2018

She bought it during the October pullback. Their cloud service is second only behind Amazon. They've transitioned their Office products to become a recurring revenue stream. Definite growth will continue. Strong balance sheet with $7 net cash/share. They can fund their growth without taking on debt. (Analysts’ price target is $125.63)
computer software/processing
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0 comments
She bought it during the October pullback. Their cloud service is second only behind Amazon. They've transitioned their Office products to become a recurring revenue stream. Definite growth will continue. Strong balance sheet with $7 net cash/share. They can fund their growth without taking on debt. (Analysts’ price target is $125.63)
computer software/processing
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$108.590
Owned Owned
Yes

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TOP PICK
Xylem Inc.(XYL-N) 

December 11, 2018

A pure water player--transpor and treat water, a scare commodity. It's pulled back to a good entry point now. Good growth in the U.S. where they refurbish their water infrastructure Emerging markets are 20% of their revenues where they are still building their infrastructure, so that's another plus. (Analysts’ price target is $78.47)
environmental
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A pure water player--transpor and treat water, a scare commodity. It's pulled back to a good entry point now. Good growth in the U.S. where they refurbish their water infrastructure Emerging markets are 20% of their revenues where they are still building their infrastructure, so that's another plus. (Analysts’ price target is $78.47)
environmental
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$65.420
Owned Owned
Yes

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COMMENT
CAE Inc(CAE-T) 

November 13, 2018

Flight simulation is a good space because air travel is increasing. CAE has alot of existing relationships. Reasonably price, but she doesn't see a compelling reason to buy it.
transportation equip & components
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Flight simulation is a good space because air travel is increasing. CAE has alot of existing relationships. Reasonably price, but she doesn't see a compelling reason to buy it.
transportation equip & components
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$24.440
Owned Owned
No

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BUY
Home Depot(HD-N) 

November 13, 2018

She has owned this for years. They had a great quarter, just announced this morning. She listened on the call. The market is concerned with future housing starts. But HD looks at GDP growth, unemployment (low), consumer confidence (high) and other metrics. HD shows good growth and they predict U.S. housing price appreciation in 2019. HD sees momentum in their business. HD has been unduly punished by the market, she feels.
specialty stores
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She has owned this for years. They had a great quarter, just announced this morning. She listened on the call. The market is concerned with future housing starts. But HD looks at GDP growth, unemployment (low), consumer confidence (high) and other metrics. HD shows good growth and they predict U.S. housing price appreciation in 2019. HD sees momentum in their business. HD has been unduly punished by the market, she feels.
specialty stores
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$179.000
Owned Owned
Yes

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COMMENT
DowDuPont Inc.(DWDP-N) 

November 13, 2018

The company will spin off into three businesses: chemicals, materials and agriculture likely in 2019. She'd rather wait for the company to spin off these sections and not own all three now. Then, she'll look at the structure and valuation. Analysts feel the sum of the parts isn't reflected in the share price, which is why they're spinning off.
chemicals
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The company will spin off into three businesses: chemicals, materials and agriculture likely in 2019. She'd rather wait for the company to spin off these sections and not own all three now. Then, she'll look at the structure and valuation. Analysts feel the sum of the parts isn't reflected in the share price, which is why they're spinning off.
chemicals
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$57.470
Owned Owned
No

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DON'T BUY
Bombardier Inc (B)(BBD.B-T) 

November 13, 2018

They've gotten out of some businesses, but they still have their business jet, plus another one coming on. But the transit side of their business continues to disappoint. BBD warned that they will miss margin targets in their transit production, and said their free cash flow is below expectations. They need cash flow because they carry debt. She'd rather buy a peer.
transportation equip & components
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0 comments
They've gotten out of some businesses, but they still have their business jet, plus another one coming on. But the transit side of their business continues to disappoint. BBD warned that they will miss margin targets in their transit production, and said their free cash flow is below expectations. They need cash flow because they carry debt. She'd rather buy a peer.
transportation equip & components
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$2.250
Owned Owned
No

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BUY
They have quality office buildings with high occupancy. The REIT acts like a long-term bond, so it lags as rates rise. They're streamlining what it's doing in the US, getting out of retail to focus on multi-family housing units. Defensive stocks are starting to hold in, which is good. It's attractively valued. She's holding it for the yield and predicts price appreciation.
property mngmnt/investment
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0 comments
They have quality office buildings with high occupancy. The REIT acts like a long-term bond, so it lags as rates rise. They're streamlining what it's doing in the US, getting out of retail to focus on multi-family housing units. Defensive stocks are starting to hold in, which is good. It's attractively valued. She's holding it for the yield and predicts price appreciation.
property mngmnt/investment
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$20.880
Owned Owned
Yes

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DON'T BUY
Keyera Corp(KEY-T) 

November 13, 2018

Likes this space, because of its exposure to interest-sensitive stocks, though the group has lagged a bit. She prefers others in this space because of better cash flow growth, project backlog and dividend growth, like Pembina.
oil/gas
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0 comments
Likes this space, because of its exposure to interest-sensitive stocks, though the group has lagged a bit. She prefers others in this space because of better cash flow growth, project backlog and dividend growth, like Pembina.
oil/gas
0 0 0 0 0
0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$28.720
Owned Owned
No

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DON'T BUY
It's been trending down because orders are off and investors fears of weaker future earnings. She thinks that, yes, things will slow in bus orders, considering where we are in the cycle.
Automotive
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0 comments
It's been trending down because orders are off and investors fears of weaker future earnings. She thinks that, yes, things will slow in bus orders, considering where we are in the cycle.
Automotive