Opinions by Barry Schwartz | StockChase
1856
Barry Schwartz

CIO & Portfolio Manager

ON STOCKCHASE SINCE Sep 2009

Baskin Wealth Management

1856
Barry Schwartz

CIO & Portfolio Manager

ON STOCKCHASE SINCE Sep 2009

Baskin Wealth Management


Opinions by Barry Schwartz


Signal Opinion Expert Chart
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General Market Comment 

January 9, 2018

Market. He is positive on equities, versus other alternative assets. The decade ending 2000, was the worst decade for the US market ever. It makes sense that the markets 2010 to 2020 are going to be better markets. He is expecting spectacular earnings growth this year. The tax reform is not priced in whatsoever. As long as interest rates don't go up significantly, stocks are the way to invest. Sees a lot of value in technology.

Market. He is positive on equities, versus other alternative assets. The decade ending 2000, was the worst decade for the US market ever. It makes sense that the markets 2010 to 2020 are going to be better markets. He is expecting spectacular earnings growth this year. The tax reform is not priced in whatsoever. As long as interest rates don't go up significantly, stocks are the way to invest. Sees a lot of value in technology.

Unknown
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
COMMENT

Being acquired by Blackstone. Hold for the dividends for the next 2 quarters or Sell for $8.10? It depends. If you have a good idea, Sell. If not, be patient.

property mngmnt/investment

Being acquired by Blackstone. Hold for the dividends for the next 2 quarters or Sell for $8.10? It depends. If you have a good idea, Sell. If not, be patient.

property mngmnt/investment
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$8.090
Owned Owned
Unknown

Must be logged in to use chart
BUY
BCE Inc.(BCE-T) 

January 9, 2018

Bell Canada (BCE-T) or Telus (T-T)? He owns all 3 Canadian telcos, because people are addicted to their cell phones, which is why he loves cell phone companies. There has been a little rotation out of interest sensitive companies, but he sees many, many years of earnings growth. Prefers Rogers (RCI.B-T) out of the 3, as he thinks they have better assets and faster growth.

telephone utilities

Bell Canada (BCE-T) or Telus (T-T)? He owns all 3 Canadian telcos, because people are addicted to their cell phones, which is why he loves cell phone companies. There has been a little rotation out of interest sensitive companies, but he sees many, many years of earnings growth. Prefers Rogers (RCI.B-T) out of the 3, as he thinks they have better assets and faster growth.

telephone utilities
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$58.570
Owned Owned
Yes

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BUY
Bank of Montreal(BMO-T) 

January 9, 2018

Long-term investors who have just held Canadian banks have made out like bandits. They’ve compounded rates of double digits and dividend growth, and he doesn't see that ending. Canadian banks should trade at more than 13X earnings. The overall market is trading at 19X earnings. He likes Canadian banks and feels you should overweight them in your portfolio.

banks

Long-term investors who have just held Canadian banks have made out like bandits. They’ve compounded rates of double digits and dividend growth, and he doesn't see that ending. Canadian banks should trade at more than 13X earnings. The overall market is trading at 19X earnings. He likes Canadian banks and feels you should overweight them in your portfolio.

banks
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$102.410
Owned Owned
Unknown

Must be logged in to use chart
BUY
CCL Industries (B)(CCL.B-T) 

January 9, 2018

Recently bought this. It is adhesives, labels and printing money. A brilliant management team. They make acquisitions, not when they have to, but when they want to. They can strike any time they want because they make so much free cash flow. It's a business you could hold in your portfolio for a very long time.

packaging/containers

Recently bought this. It is adhesives, labels and printing money. A brilliant management team. They make acquisitions, not when they have to, but when they want to. They can strike any time they want because they make so much free cash flow. It's a business you could hold in your portfolio for a very long time.

packaging/containers
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$57.000
Owned Owned
Yes

Must be logged in to use chart
COMMENT
Cineplex Inc(CGX-T) 

January 9, 2018

This had a terrible 2017, and has no idea why it is down even further in 2018. Thinks the film slate in 2018 is going to be better than 2017. They are making a lot of money and are going to have very good results for 2017, and even better in 2018. He sees them recovering, but doesn't know when.

other services

This had a terrible 2017, and has no idea why it is down even further in 2018. Thinks the film slate in 2018 is going to be better than 2017. They are making a lot of money and are going to have very good results for 2017, and even better in 2018. He sees them recovering, but doesn't know when.

other services
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$34.390
Owned Owned
Unknown

Must be logged in to use chart
COMMENT
Costco Wholesale(COST-Q) 

January 9, 2018

This company has yet to disappoint. Looking at the long-term chart, this just keeps going up. Same-store sales for December were double digits. It has an enormous moat around its business, and he doesn't know if Amazon will be able to penetrate it. It’s always going to look expensive.

department stores

This company has yet to disappoint. Looking at the long-term chart, this just keeps going up. Same-store sales for December were double digits. It has an enormous moat around its business, and he doesn't know if Amazon will be able to penetrate it. It’s always going to look expensive.

department stores
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$186.290
Owned Owned
No

Must be logged in to use chart
COMMENT
CVS Health Corp(CVS-N) 

January 9, 2018

Had owned this, but sold it to buy something else. They are going to have a big benefit from tax reform, although they acquired Aetna. That is going to really transform them. It is no longer going to be a retailer and a pharmaceutical benefits manager, it is also going to have healthcare plans. Taking on a lot of debt to make the acquisition and there is no guarantee of success. Although it looks cheap, it is not one he is excited about getting into at the moment.

specialty stores

Had owned this, but sold it to buy something else. They are going to have a big benefit from tax reform, although they acquired Aetna. That is going to really transform them. It is no longer going to be a retailer and a pharmaceutical benefits manager, it is also going to have healthcare plans. Taking on a lot of debt to make the acquisition and there is no guarantee of success. Although it looks cheap, it is not one he is excited about getting into at the moment.

specialty stores
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$77.690
Owned Owned
No

Must be logged in to use chart
BUY
Enbridge(ENB-T) 

January 9, 2018

All these interest sensitive stocks have been under pressure lately. There were some rumbles on this one as their debt was getting too high, yet they had a nice analyst day. They raised capital and said they are going to show double digit dividend growth for the next 5 years. He is quite positive on these kinds of names.

oil/gas pipelines

All these interest sensitive stocks have been under pressure lately. There were some rumbles on this one as their debt was getting too high, yet they had a nice analyst day. They raised capital and said they are going to show double digit dividend growth for the next 5 years. He is quite positive on these kinds of names.

oil/gas pipelines
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$50.170
Owned Owned
Unknown

Must be logged in to use chart
TOP PICK
Firstservice Corp(FSV-Q) 

January 9, 2018

This focuses on property management for condos and other multifamily units. It also has a brands division, owning California Closets and Paul Davis Restoration. The exciting part is the property management. 95% of all condos are run by themselves, and there is a big opportunity to outsource to companies like this. Feels that in 5 years this could be a double. Dividend yield of 0.7%. (Analysts' price target is $69.)

other services

This focuses on property management for condos and other multifamily units. It also has a brands division, owning California Closets and Paul Davis Restoration. The exciting part is the property management. 95% of all condos are run by themselves, and there is a big opportunity to outsource to companies like this. Feels that in 5 years this could be a double. Dividend yield of 0.7%. (Analysts' price target is $69.)

other services
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$69.140
Owned Owned
Yes

Must be logged in to use chart
BUY
Alphabet Inc. (A)(GOOGL-Q) 

January 9, 2018

Feels this is one of his best ideas, and would have no hesitation in buying this, even though the fang stocks have had an amazing move. This is such a dominant business, and they have so many wonderful assets. The moat around YouTube is incredible. A very attractive stock.

Business Services

Feels this is one of his best ideas, and would have no hesitation in buying this, even though the fang stocks have had an amazing move. This is such a dominant business, and they have so many wonderful assets. The moat around YouTube is incredible. A very attractive stock.

Business Services
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$1112.790
Owned Owned
Yes

Must be logged in to use chart
BUY
Home Depot(HD-N) 

January 9, 2018

He is very bullish on the US housing and renovation market. He would have no hesitation in owning this. The valuation has certainly gotten up there, but you are getting pretty good growth from a retailer, and he doesn't see Amazon encroaching on them.

specialty stores

He is very bullish on the US housing and renovation market. He would have no hesitation in owning this. The valuation has certainly gotten up there, but you are getting pretty good growth from a retailer, and he doesn't see Amazon encroaching on them.

specialty stores
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$193.100
Owned Owned
No

Must be logged in to use chart
TOP PICK

This is executive recruiting for higher paying jobs. The thesis is that as the economy improves, people will be looking for better paying jobs. The knock on the company is that they made an acquisition a couple of years ago of a company that was more in the consulting business, and the margins were not there until the last couple of quarters. In the last quarter, there was 10% organic sales growth. Valuation is extremely cheap. This is going to benefit from tax reform and an improving US economy. Dividend yield of 1%. (Analysts' price target is $49.)

mngmnt/diversified

This is executive recruiting for higher paying jobs. The thesis is that as the economy improves, people will be looking for better paying jobs. The knock on the company is that they made an acquisition a couple of years ago of a company that was more in the consulting business, and the margins were not there until the last couple of quarters. In the last quarter, there was 10% organic sales growth. Valuation is extremely cheap. This is going to benefit from tax reform and an improving US economy. Dividend yield of 1%. (Analysts' price target is $49.)

mngmnt/diversified
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$41.820
Owned Owned
Yes

Must be logged in to use chart
BUY
Southwest Airlines(LUV-N) 

January 9, 2018

Very positive on airlines. He owns Delta instead. Southwest has always been one of the best run airline companies. Competition is limited with only 4 major airlines in the US, and they are very attractively priced. Thinks there is a place in your portfolio for one of these stocks.

Transportation

Very positive on airlines. He owns Delta instead. Southwest has always been one of the best run airline companies. Competition is limited with only 4 major airlines in the US, and they are very attractively priced. Thinks there is a place in your portfolio for one of these stocks.

Transportation
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$62.380
Owned Owned
No

Must be logged in to use chart
HOLD
Manulife Financial(MFC-T) 

January 9, 2018

Except for the nasty bump in 2008, this was like a "buy and forget it" type of company. Always had a dividend increase every year. Record earnings. The last few years have been ugly in terms of taking write-downs, they are still making a lot of money. He likes their Asian exposure. He wouldn't sell.

insurance

Except for the nasty bump in 2008, this was like a "buy and forget it" type of company. Always had a dividend increase every year. Record earnings. The last few years have been ugly in terms of taking write-downs, they are still making a lot of money. He likes their Asian exposure. He wouldn't sell.

insurance
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$26.660
Owned Owned
Unknown

Must be logged in to use chart
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