Stock Opinions by Jim Houston - Stockchase Experts
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15
Jim Houston

On Stockchase since : Mar 2010

President & COO at Davis-Rea Ltd

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Jim Houston Latest Top Picks...

Stock Opinions by Jim Houston - Stockchase Experts

Signal Opinion Expert Chart
SELL
Barrick Gold(ABX-T) 

March 25, 2010

A proxy for gold bullion. Prefers GoldCorp (G-T) because of their production growth and low cash costs and are expected to increase production by about 50% by 2013.
precious metals
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A proxy for gold bullion. Prefers GoldCorp (G-T) because of their production growth and low cash costs and are expected to increase production by about 50% by 2013.
precious metals
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0 comments
Jim Houston

President , Davis-Rea Ltd...

Price Price
$37.650
Owned Owned
No

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COMMENT
BCE Inc.(BCE-T) 

March 25, 2010

Have increased dividends a couple of times and payout ratio would indicate there is still room for more increases. Their business is under a fair bit of competition in prices and new competitors. Attractive dividend.
telephone utilities
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Have increased dividends a couple of times and payout ratio would indicate there is still room for more increases. Their business is under a fair bit of competition in prices and new competitors. Attractive dividend.
telephone utilities
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0 comments
Jim Houston

President , Davis-Rea Ltd...

Price Price
$30.760
Owned Owned
No

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SELL
Low growth and high dividend yield in a difficult industry. Borrowing to pay the dividend is not a great model. Recently forced to pay $100 million into an under funded pension but are appealing it. Yielding about 8%.
telephone utilities
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0 comments
Low growth and high dividend yield in a difficult industry. Borrowing to pay the dividend is not a great model. Recently forced to pay $100 million into an under funded pension but are appealing it. Yielding about 8%.
telephone utilities
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Jim Houston

President , Davis-Rea Ltd...

Price Price
$31.950
Owned Owned
No

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TOP PICK
Toronto Dominion(TD-T) 

March 25, 2010

Could be backing and filling in the short term. Will have a marvellous opportunity to consolidate their Northeast US business. Dividends have been growing at 12% a year over the last 10 years.
banks
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Could be backing and filling in the short term. Will have a marvellous opportunity to consolidate their Northeast US business. Dividends have been growing at 12% a year over the last 10 years.
banks
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Jim Houston

President , Davis-Rea Ltd...

Price Price
$76.500
Owned Owned
Yes

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TOP PICK
Enbridge(ENB-T) 

March 25, 2010

Had a fantastic combination of earnings and dividend growth providing very solid returns. Dividend has grown at an average annual rate of about 10% over the last 10 years and expects this to continue for the next 5 years.
oil/gas pipelines
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Had a fantastic combination of earnings and dividend growth providing very solid returns. Dividend has grown at an average annual rate of about 10% over the last 10 years and expects this to continue for the next 5 years.
oil/gas pipelines
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Jim Houston

President , Davis-Rea Ltd...

Price Price
$49.170
Owned Owned
Yes

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TOP PICK
When they acquired Reuters in 2008, it significantly increased exposure to financial markets vertical but thinks they have a significant value proposition advantage to principal competitor Bloomberg. When contracts are up, there is a good chance they will increase market share. Also have accounting, legal and medical that are somewhat recession proof.
publishing/printing
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When they acquired Reuters in 2008, it significantly increased exposure to financial markets vertical but thinks they have a significant value proposition advantage to principal competitor Bloomberg. When contracts are up, there is a good chance they will increase market share. Also have accounting, legal and medical that are somewhat recession proof.
publishing/printing
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Jim Houston

President , Davis-Rea Ltd...

Price Price
$36.770
Owned Owned
Yes

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COMMENT
Encana Corp(ECA-T) 

March 25, 2010

Sees it going up in the long-term. Recently announced doubling production in the next 5 years, which has caused a problem for natural gas and share price. Fantastic inventory of projects with good positions in the shale play. Low-cost producer. Hedged about 60% of production at over $6 this year.
oil/gas
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Sees it going up in the long-term. Recently announced doubling production in the next 5 years, which has caused a problem for natural gas and share price. Fantastic inventory of projects with good positions in the shale play. Low-cost producer. Hedged about 60% of production at over $6 this year.
oil/gas
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Jim Houston

President , Davis-Rea Ltd...

Price Price
$30.550
Owned Owned
Yes

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BUY
Royal Bank(RY-T) 

March 25, 2010

Expect banks to move higher over the long term. In the short term there could be backing and filling. Fantastic domestic franchise.
banks
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Expect banks to move higher over the long term. In the short term there could be backing and filling. Fantastic domestic franchise.
banks
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Jim Houston

President , Davis-Rea Ltd...

Price Price
$60.380
Owned Owned
Yes

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DON'T BUY
Expect banks to move higher over the long term. In the short term there could be backing and filling. Too much volatility compared to Royal (RY-T) and Toronto Dominion (TD-T).
banks
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0 comments
Expect banks to move higher over the long term. In the short term there could be backing and filling. Too much volatility compared to Royal (RY-T) and Toronto Dominion (TD-T).
banks
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0 comments
Jim Houston

President , Davis-Rea Ltd...

Price Price
$75.970
Owned Owned
No

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BUY
Goldcorp Inc(G-T) 

March 25, 2010

Should outperform bullion because its production will be growing by about 50% by 2013 at reasonably low costs.
precious metals
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Should outperform bullion because its production will be growing by about 50% by 2013 at reasonably low costs.
precious metals
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Jim Houston

President , Davis-Rea Ltd...

Price Price
$37.500
Owned Owned
Yes

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DON'T BUY
Manulife Financial(MFC-T) 

March 25, 2010

Prefers Sun Life (SLF-T), which yields about 4.5%. Had some issues last year. Almost became a 2X proxy on the market because of their leveraged ETF. Since then have raised equity twice and cut the dividend. Expects Canadian insurance industry can do quite well.
insurance
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Prefers Sun Life (SLF-T), which yields about 4.5%. Had some issues last year. Almost became a 2X proxy on the market because of their leveraged ETF. Since then have raised equity twice and cut the dividend. Expects Canadian insurance industry can do quite well.
insurance
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0 comments
Jim Houston

President , Davis-Rea Ltd...

Price Price
$20.130
Owned Owned
No

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BUY
Lots of evidence they will do well in the US, where they have about 40% of their business. MFS business looks like it is turning around quite nicely and should be able to gain market share. 4.5% yield.
insurance
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Lots of evidence they will do well in the US, where they have about 40% of their business. MFS business looks like it is turning around quite nicely and should be able to gain market share. 4.5% yield.
insurance
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0 comments
Jim Houston

President , Davis-Rea Ltd...

Price Price
$32.720
Owned Owned
Yes

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DON'T BUY
Glory days of 1990s are gone and not coming back. Rail revenues are low margins and difficult to raise because it is usually state run railway companies they deal with. This represents 50% of overall revenues. Airline side is cyclical. C series is a positive development and they have orders for 90 of them but not enough to justify long-term growth.
transportation equip & components
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Glory days of 1990s are gone and not coming back. Rail revenues are low margins and difficult to raise because it is usually state run railway companies they deal with. This represents 50% of overall revenues. Airline side is cyclical. C series is a positive development and they have orders for 90 of them but not enough to justify long-term growth.
transportation equip & components
0 0 0 0 0
0 comments
Jim Houston

President , Davis-Rea Ltd...

Price Price
$5.960
Owned Owned
No

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BUY
Very impressed with the move that the banks have shown. Has exposure to growing markets of Latin America, Caribbean and Mexico. Great yield. Banks have had a great run so that may be some backing and filling in the short term.
banks
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Very impressed with the move that the banks have shown. Has exposure to growing markets of Latin America, Caribbean and Mexico. Great yield. Banks have had a great run so that may be some backing and filling in the short term.
banks
0 0 0 0 0
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Jim Houston

President , Davis-Rea Ltd...

Price Price
$51.820
Owned Owned
Unknown

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HOLD
Underlying assets of Great West (GWO-T) and IGM (IGM-T) gives good reason to think they will continue to grow. Will probably be increasing its dividend over time. 4% yield.
finance/leasing
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0 comments
Underlying assets of Great West (GWO-T) and IGM (IGM-T) gives good reason to think they will continue to grow. Will probably be increasing its dividend over time. 4% yield.
finance/leasing
0 0 0 0 0
0 comments
Jim Houston

President , Davis-Rea Ltd...

Price Price
$33.850
Owned Owned
No

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