Barry Schwartz
Member since: Sep '09
CIO & Portfolio Manager at
Baskin Wealth Management
Baskin Wealth Management
2129 Opinions
Latest Top Picks
(A Top Pick Oct 31/18, Up 35%) Just killing it. Makes money 3 ways: a percentage on every transaction, settling the transaction with the banks, settling the currency transaction. Will continue to make money by economic growth, online shopping, and exploring other payment opportunities. Will continue to grow 13-15% per year. Very bullish on the name.
(A Top Pick Oct 31/18, Up 45%) Management has cut costs like crazy. Diversified. Good acquisitions. Last quarter was phenomenal. Trading at a discount to global exchange peers. Still buying here.
(A Top Pick Oct 31/18, Up 35%) Continues to buy. They buy one of a kind, unique assets that have price escalators and inflation protection. Over 4% yield. Beware that tax paperwork is a bit of a nightmare at the end of the year, but it's worth it.
New games. 300 million people are playing their games every month. Balance sheet is perfect. Stock's been beaten up too much. Well undervalued. Whole space has many tailwinds. Yield is 0.68%. (Analysts’ price target is $55.17)
Tailwinds. Technology means parts need to be replaced for minor bumps. Only one competitor. Great opportunities for growth. Recession resistant. Optically expensive, but trades at a deep discount to its competitor. No dividend. (Analysts’ price target is $49.17)
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COMMENT
COMMENT
September 5, 2019
Markets. Ignore the tweet noise. Earnings are fabulous, slowdown in manufacturing, crazy negative interest rates globally except for Canada.
Markets. Ignore the tweet noise. Earnings are fabulous, slowdown in manufacturing, crazy negative interest rates globally except for Canada.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
COMMENT
COMMENT
September 5, 2019
Interest rates in Canada. BOC reluctant to cut rates. But if the US keeps cutting, Canada will have to as well. If things don't improve globally, we can expect cuts at home. We aren't falling off a cliff globally. You can still make money in equities in uncertain times if you just hold tight. TSX is at all-time highs.
Interest rates in Canada. BOC reluctant to cut rates. But if the US keeps cutting, Canada will have to as well. If things don't improve globally, we can expect cuts at home. We aren't falling off a cliff globally. You can still make money in equities in uncertain times if you just hold tight. TSX is at all-time highs.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
COMMENT
COMMENT
September 5, 2019
Uncertain times. There will always be uncertainty. He can't say if current uncertainty is "more uncertain" than previous times. If you're going to be in the market, this is what happens. Ignore the noise, focus on quality assets, and stay invested.
Uncertain times. There will always be uncertainty. He can't say if current uncertainty is "more uncertain" than previous times. If you're going to be in the market, this is what happens. Ignore the noise, focus on quality assets, and stay invested.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
COMMENT
COMMENT
September 5, 2019
Easy to short a stock that's already been beaten up. Nothing in the numbers says they're having trouble. Last quarter wasn't great. Retail is tough. Looks cheap, buying back stock, trying for 10% EPS growth this year. He doesn't like retail against Amazon, which he owns. Could be a trade.
Easy to short a stock that's already been beaten up. Nothing in the numbers says they're having trouble. Last quarter wasn't great. Retail is tough. Looks cheap, buying back stock, trying for 10% EPS growth this year. He doesn't like retail against Amazon, which he owns. Could be a trade.
specialty stores
DON'T BUY
DON'T BUY
September 5, 2019
To grow, they made lousy acquisitions, which blew up their balance sheet. Their product line is out of favour with consumers. Long-term, still has to de-lever. No earnings or revenue growth.
To grow, they made lousy acquisitions, which blew up their balance sheet. Their product line is out of favour with consumers. Long-term, still has to de-lever. No earnings or revenue growth.
Consumer Products
COMMENT
COMMENT
September 5, 2019
Diversifying, last quarter was good. Dividend safe. For his clients, not the best idea. Still holds personally. Undervalued here at $26. Looks like they're turning the ship around. Lot of free cash flow.
Diversifying, last quarter was good. Dividend safe. For his clients, not the best idea. Still holds personally. Undervalued here at $26. Looks like they're turning the ship around. Lot of free cash flow.
other services
DON'T BUY
DON'T BUY
September 5, 2019
Merging with CBS. Third-rate movies. Lots of free cash flow. Wants to own the best companies for the long term, and this one doesn't fit the bill.
Merging with CBS. Third-rate movies. Lots of free cash flow. Wants to own the best companies for the long term, and this one doesn't fit the bill.
communications/media
COMMENT
COMMENT
September 5, 2019
How to make 3% and sleep at night. Tax consequences, what's your health situation, how much do you need to live on, age, short and long term horizons? All go into designing a portfolio. Bottom line is there's no such thing as a safe return. There are fees, taxes, inflation. Strangely, dividends are giving you more than bonds. So equities in good quality dividend players, ETFs, and some fixed income could last you for the long term. Just don't chase yield or gold.
How to make 3% and sleep at night. Tax consequences, what's your health situation, how much do you need to live on, age, short and long term horizons? All go into designing a portfolio. Bottom line is there's no such thing as a safe return. There are fees, taxes, inflation. Strangely, dividends are giving you more than bonds. So equities in good quality dividend players, ETFs, and some fixed income could last you for the long term. Just don't chase yield or gold.
Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
BUY
BUY
September 5, 2019
Trading at a 52-week low. Telcos are an easy target for the election. Great buying opportunity. Results are improving. Dividend will go higher. Cheap valuation.
Trading at a 52-week low. Telcos are an easy target for the election. Great buying opportunity. Results are improving. Dividend will go higher. Cheap valuation.
Cable
PAST TOP PICK
PAST TOP PICK
September 5, 2019
(A Top Pick Oct 31/18, Up 35%) Just killing it. Makes money 3 ways: a percentage on every transaction, settling the transaction with the banks, settling the currency transaction. Will continue to make money by economic growth, online shopping, and exploring other payment opportunities. Will continue to grow 13-15% per year. Very bullish on the name.
(A Top Pick Oct 31/18, Up 35%) Just killing it. Makes money 3 ways: a percentage on every transaction, settling the transaction with the banks, settling the currency transaction. Will continue to make money by economic growth, online shopping, and exploring other payment opportunities. Will continue to grow 13-15% per year. Very bullish on the name.
other services
PAST TOP PICK
PAST TOP PICK
September 5, 2019
(A Top Pick Oct 31/18, Up 45%) Management has cut costs like crazy. Diversified. Good acquisitions. Last quarter was phenomenal. Trading at a discount to global exchange peers. Still buying here.
(A Top Pick Oct 31/18, Up 45%) Management has cut costs like crazy. Diversified. Good acquisitions. Last quarter was phenomenal. Trading at a discount to global exchange peers. Still buying here.
other services
PAST TOP PICK
PAST TOP PICK
September 5, 2019
(A Top Pick Oct 31/18, Up 35%) Continues to buy. They buy one of a kind, unique assets that have price escalators and inflation protection. Over 4% yield. Beware that tax paperwork is a bit of a nightmare at the end of the year, but it's worth it.
(A Top Pick Oct 31/18, Up 35%) Continues to buy. They buy one of a kind, unique assets that have price escalators and inflation protection. Over 4% yield. Beware that tax paperwork is a bit of a nightmare at the end of the year, but it's worth it.
INDUSTRIAL PRODUCTS
DON'T BUY
DON'T BUY
September 5, 2019
He totally missed it. Fantastic story, but no profits. He couldn't come up with a reasonable valuation. Bad things happen to companies that get the highest market cap but aren't banks, like Blackberry, Nortel, Valiant. He owns Amazon instead. He won't touch this one.
He totally missed it. Fantastic story, but no profits. He couldn't come up with a reasonable valuation. Bad things happen to companies that get the highest market cap but aren't banks, like Blackberry, Nortel, Valiant. He owns Amazon instead. He won't touch this one.
COMMENT
COMMENT
September 5, 2019
All-time high. Completely pivoted to digital data. Patient investing paid off. Hasn't done deep-dive research on this. Great free cash flow.
All-time high. Completely pivoted to digital data. Patient investing paid off. Hasn't done deep-dive research on this. Great free cash flow.
other services
BUY
BUY
September 5, 2019
Low interest rates, negative yields, and low growth are unbelievably positive for BAM. You have to own this stock. It's the next Berkshire Hathaway. If they get it right, this company will compound capital in the double digits for a very long time.
Low interest rates, negative yields, and low growth are unbelievably positive for BAM. You have to own this stock. It's the next Berkshire Hathaway. If they get it right, this company will compound capital in the double digits for a very long time.
management/diversified
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