Opinions by Barry Schwartz | StockChase
1903
Barry Schwartz

CIO & Portfolio Manager

ON STOCKCHASE SINCE Sep 2009

Baskin Wealth Management


Opinions by Barry Schwartz


Signal Opinion Expert Chart
COMMENT
General Market Comment 

April 23, 2018

The 10-year US yield at 3% doesn't mean very much. Would his clients accept US t-bonds at this rate? No. But as yields rise, it would make US stocks slightly less attactive. He's not selling stocks to buy more bonds, but pleased to receive slightly higher yields on bonds. It's a little better, that's all. Investors have been complacent given the strong markets of the past two years. Guess what? We'll have more 3-5% drops (like in early-February) to come. Own quality stocks and hold some cash to buy cheaper stocks. With dividends, those stocks will out-earn fixed income bonds.

The 10-year US yield at 3% doesn't mean very much. Would his clients accept US t-bonds at this rate? No. But as yields rise, it would make US stocks slightly less attactive. He's not selling stocks to buy more bonds, but pleased to receive slightly higher yields on bonds. It's a little better, that's all. Investors have been complacent given the strong markets of the past two years. Guess what? We'll have more 3-5% drops (like in early-February) to come. Own quality stocks and hold some cash to buy cheaper stocks. With dividends, those stocks will out-earn fixed income bonds.

Unknown
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$0.020
Owned Owned
Unknown

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TOP PICK

They refinish paint for cars and other coatings. Berkshire Hathaway owns 10% of this, and in 2017 two companies were trying to buy it.. A growth play on the coatings business which is consolidating. Valuation is attractive. Worth at least $42/share. (Analysts' price target $33.75)

INDUSTRIAL PRODUCTS

They refinish paint for cars and other coatings. Berkshire Hathaway owns 10% of this, and in 2017 two companies were trying to buy it.. A growth play on the coatings business which is consolidating. Valuation is attractive. Worth at least $42/share. (Analysts' price target $33.75)

INDUSTRIAL PRODUCTS
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$30.370
Owned Owned
Yes

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HOLD
BCE Inc.(BCE-T) 

April 23, 2018

Prefers Rogers in the telecom space. BCE is a good dividend payer, but isn't growing its earnings at 10-15% a year. All telcos have been slipping due to interest rate worries. Safe to hold, though.

telephone utilities

Prefers Rogers in the telecom space. BCE is a good dividend payer, but isn't growing its earnings at 10-15% a year. All telcos have been slipping due to interest rate worries. Safe to hold, though.

telephone utilities
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$53.630
Owned Owned
Unknown

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BUY
Becton Dickinson(BDX-N) 

April 23, 2018

U.S. healthcare in the short-term? He prefers individual stocks over ETFs, starting with Becton Dickinson (and Zimmer Biomet, ZBH-N). In this sector, he prefers medical devices, not drugs which are easy to copy. Becton is a long-term opportunity and a play on demographics.

biotechnology/pharmaceutical

U.S. healthcare in the short-term? He prefers individual stocks over ETFs, starting with Becton Dickinson (and Zimmer Biomet, ZBH-N). In this sector, he prefers medical devices, not drugs which are easy to copy. Becton is a long-term opportunity and a play on demographics.

biotechnology/pharmaceutical
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$233.020
Owned Owned
Yes

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BUY
Blackrock Inc.(BLK-N) 

April 23, 2018

Loves this. It's the world's biggest asset manager. Their iShare products are great and we're still in the early innings of the popularity of ETFs. BLK is growing fast. Don't be deterred by the high stock price which could split.

Financial Services

Loves this. It's the world's biggest asset manager. Their iShare products are great and we're still in the early innings of the popularity of ETFs. BLK is growing fast. Don't be deterred by the high stock price which could split.

Financial Services
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$519.850
Owned Owned
Unknown

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BUY

One of the best capital allocators around. Debt levels are  the same as 2008, but revenues have tripled. He expects more good things from CCL and doesn't see anything slowing it down. The stock pulled back a little, because an insider took some money off the table. A good opportunuty now. A great play on the global consumer.

packaging/containers

One of the best capital allocators around. Debt levels are  the same as 2008, but revenues have tripled. He expects more good things from CCL and doesn't see anything slowing it down. The stock pulled back a little, because an insider took some money off the table. A good opportunuty now. A great play on the global consumer.

packaging/containers
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$62.740
Owned Owned
Unknown

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BUY
Cineplex Inc(CGX-T) 

April 23, 2018

Starting buying this in 2001. It worked beautifully. Cineplex has raised prices, has put customers in premier offerings and diversified its offerings. The yield is safe though unsure it it will rise. Getting 10% free cash flow yield. Wouldn't be surprised if private equity or an activist stockholder stepped in. He's still a firm believer in CGX, a very viable company.

other services

Starting buying this in 2001. It worked beautifully. Cineplex has raised prices, has put customers in premier offerings and diversified its offerings. The yield is safe though unsure it it will rise. Getting 10% free cash flow yield. Wouldn't be surprised if private equity or an activist stockholder stepped in. He's still a firm believer in CGX, a very viable company.

other services
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$31.140
Owned Owned
Yes

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BUY

Benefitting from rising oil prices. Sold in mid-2015 given oil concerns. Maybe he sold too early. Wonderful management. Will see a ton of free cash flow as oil prices rise. Dividend nearly 3%.

oil/gas

Benefitting from rising oil prices. Sold in mid-2015 given oil concerns. Maybe he sold too early. Wonderful management. Will see a ton of free cash flow as oil prices rise. Dividend nearly 3%.

oil/gas
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$45.960
Owned Owned
No

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WATCH

Earnings were just announced and are in line with expectations. They've have service problems--trains sitting in dockyards and moving slowly. Did they fire the CEO as a result? But this is an interesting opportunity now as the economy improves. He's looking at it. Expects 7-10% earnings growth compounded over the long term.

Transportation

Earnings were just announced and are in line with expectations. They've have service problems--trains sitting in dockyards and moving slowly. Did they fire the CEO as a result? But this is an interesting opportunity now as the economy improves. He's looking at it. Expects 7-10% earnings growth compounded over the long term.

Transportation
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$96.580
Owned Owned
No

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SELL

Should Canadians sell their shares prior to the merger's completion, because this could be a tax problem? He endured a tax headache with another merger. If you don't plan to hold the takeover company (in the merger), then sell. Dr. Pepper is paying a dividend and giving a share of the new company. He sold his shares, not wanting this deal.

Consumer Products

Should Canadians sell their shares prior to the merger's completion, because this could be a tax problem? He endured a tax headache with another merger. If you don't plan to hold the takeover company (in the merger), then sell. Dr. Pepper is paying a dividend and giving a share of the new company. He sold his shares, not wanting this deal.

Consumer Products
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$119.880
Owned Owned
No

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PARTIAL BUY
Enbridge(ENB-T) 

April 23, 2018

Short-term the yield plays are oversold--interest rates aren't going up THAT fast. Enbridge has fixed its debt. Oil prices and the econmy are rising. Prefers Transcanada, but buy only one pipeline. Dividend is attractive, but don't expect a
lot of growth. Watch their debt levels.

oil/gas pipelines

Short-term the yield plays are oversold--interest rates aren't going up THAT fast. Enbridge has fixed its debt. Oil prices and the econmy are rising. Prefers Transcanada, but buy only one pipeline. Dividend is attractive, but don't expect a
lot of growth. Watch their debt levels.

oil/gas pipelines
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$39.820
Owned Owned
Unknown

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BUY
Enbridge(ENB-T) 

April 23, 2018

Short-term, the yield plays are oversold--interest rates aren't going up THAT fast.  Oil prices and the econmy are rising. Prefers Transcanada, but buy only one pipeline. Dividend is attractive, but don't expect a lot of growth here. Watch their debt levels.

oil/gas pipelines

Short-term, the yield plays are oversold--interest rates aren't going up THAT fast.  Oil prices and the econmy are rising. Prefers Transcanada, but buy only one pipeline. Dividend is attractive, but don't expect a lot of growth here. Watch their debt levels.

oil/gas pipelines
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$39.820
Owned Owned
Unknown

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STRONG BUY
Facebook(FB-Q) 

April 23, 2018

It's definitely an opprtunity to buy. It boasts obscene margins and a long runway of opportunity. A great entry point now. Earnings growing at 30-40% a year.

It's definitely an opprtunity to buy. It boasts obscene margins and a long runway of opportunity. A great entry point now. Earnings growing at 30-40% a year.

0
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$165.840
Owned Owned
Yes

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WATCH
Intel(INTC-Q) 

April 23, 2018

It's one of the biggest suppliers of computer chips, so they can continune to capture a growth opportunity. There are chips in everything in society now. Valuation is attractive, but earnings are stronger at, say, Google. He's watching it.

electrical/electronic

It's one of the biggest suppliers of computer chips, so they can continune to capture a growth opportunity. There are chips in everything in society now. Valuation is attractive, but earnings are stronger at, say, Google. He's watching it.

electrical/electronic
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$51.100
Owned Owned
No

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PAST TOP PICK

(A Past Top Pick on April 17, 2017, Down 14%) Had a rough year, though Q# and Q4 earnings were good. They gave guidance for 10% revenue growth and 15% earnings growth in 2018. They have a 5-7-year plan to double earnings and are doing acqusitions to achieve this. Lots of free cash flow with a decent yield. They make tapes that bind packages for the thriving e-commerce space. 

packaging/containers

(A Past Top Pick on April 17, 2017, Down 14%) Had a rough year, though Q# and Q4 earnings were good. They gave guidance for 10% revenue growth and 15% earnings growth in 2018. They have a 5-7-year plan to double earnings and are doing acqusitions to achieve this. Lots of free cash flow with a decent yield. They make tapes that bind packages for the thriving e-commerce space. 

packaging/containers
Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$19.650
Owned Owned
Yes

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