Lorne Steinberg
Member since: Jan '11
President & Portfolio Manager at
Lorne Steinberg Wealth Management Inc
Lorne Steinberg Wealth Management Inc
1112 Opinions
Latest Top Picks
(A Top Pick Aug 15/19, Up 36%) They just came out with great earnings. It trades at 10 times earnings and 2.7% yield. He is still a very happy owner.
(A Top Pick Aug 15/19, Down 38%) He sold this about a month ago on the basis of them exiting all energy stocks. A great company, but they created an earthquake when they cut dividends for the first time since WWII. The whole sector is under incredible pressure.
(A Top Pick Aug 15/19, Down 2%) He still owns this. They are an electronic manufacturer. The stock has recovered well and trades still at a single-digit multiple and below book value. He is absolutely sticking with it.
They bought their first shares of this just very recently. Warren Buffet is very much not in favour with his investment style and investors were disappointed when they did not acquire anything during the market meltdown. Now is a perfect to time to buy a collection of wonderful private and public companies at the most attractive valuation -- 1.2 times book value. They also have a large cash position and not much debt. Apple has been the most successful investment they made in the past several years -- representing over 1/3 of the portfolio value. He is not concerned about the concentration in Apple. Yield 0% (Analysts’ price target is $221.00)
A yogurt play that just added a lactose intolerant product. Now a diversified business model. They have a strong dividend and growing earnings. The dividend is rock solid. An excellent investment trading a cheap price. Yield 3.48% (Analysts’ price target is $68.46)
Signal
Opinion
Expert
Chart
COMMENT
COMMENT
July 22, 2020
Market Outlook Investing when interest rates are zero are driving up bond values. Ten year US treasuries are down to a yield of 0.6%, down from 2.0% a year ago. Interest rates will likely creep back up a bit as central banks take their foot off the gas, at least a little. This is expected to reduce the valuations of bonds soon. He expects the global economies will recover eventually after this. In ten years time we think of this event as a distant memory. Don't get used to mortgage rates being this low forever. His free website is steinbergwealth.com.
Show full opinionHide full opinion
Market Outlook Investing when interest rates are zero are driving up bond values. Ten year US treasuries are down to a yield of 0.6%, down from 2.0% a year ago. Interest rates will likely creep back up a bit as central banks take their foot off the gas, at least a little. This is expected to reduce the valuations of bonds soon. He expects the global economies will recover eventually after this. In ten years time we think of this event as a distant memory. Don't get used to mortgage rates being this low forever. His free website is steinbergwealth.com.
DON'T BUY
DON'T BUY
July 22, 2020
It is the only unionized bank in North America. That is why it remains independent. They will struggle to get scale and as a result they have cut the dividend. There are better opportunities out there.
Show full opinionHide full opinionIt is the only unionized bank in North America. That is why it remains independent. They will struggle to get scale and as a result they have cut the dividend. There are better opportunities out there.
banks
DON'T BUY
DON'T BUY
July 22, 2020
A $15 billion marketcap company and no revenues -- a "story" stock. A venture capital type of investment. It is highly speculative. A competitive space and not for the faint of heart.
Show full opinionHide full opinionA $15 billion marketcap company and no revenues -- a "story" stock. A venture capital type of investment. It is highly speculative. A competitive space and not for the faint of heart.
Automotive
HOLD
HOLD
July 22, 2020
Collateralized loan obligations? He likes the US banking sector in general, although he holds others than JPM. CLOs are hard to understand. The Fed Reserve looks closely at these in depth. He is not concerned about their exposure in CLOs and believes they are well capitalized.
Show full opinionHide full opinionCollateralized loan obligations? He likes the US banking sector in general, although he holds others than JPM. CLOs are hard to understand. The Fed Reserve looks closely at these in depth. He is not concerned about their exposure in CLOs and believes they are well capitalized.
Financial Services
COMMENT
COMMENT
July 22, 2020
BoC interest rates? He thinks the Bank of Canada is following the footsteps of other central banks. We have probably seen the last cut from the BoC and we are in a good position now.
Show full opinionHide full opinionBoC interest rates? He thinks the Bank of Canada is following the footsteps of other central banks. We have probably seen the last cut from the BoC and we are in a good position now.
COMMENT
COMMENT
July 22, 2020
A risky telco? He does not own RCI in his portfolios. The dividends are secure, but he prefers BCE and T. They are all facing similar challenges. He thinks RCI has not been as good at controlling costs.
Cable
COMMENT
COMMENT
July 22, 2020
A risky telco? He does not own RCI in his portfolios. The dividends are secure, but he prefers BCE and T. They are all facing similar challenges. He thinks RCI has not been as good at controlling costs.
telephone utilities
COMMENT
COMMENT
July 22, 2020
A risky telco? He does not own RCI in his portfolios. The dividends are secure, but he prefers BCE and T. They are all facing similar challenges. He thinks RCI has not been as good at controlling costs.
telephone utilities
HOLD
HOLD
July 22, 2020
7% 2027 debenture All BCE securities are rock-solid credit. Nothing to worry about even in this environment and he owns these bonds in their portfolios. Zero worry.
Show full opinionHide full opinion7% 2027 debenture All BCE securities are rock-solid credit. Nothing to worry about even in this environment and he owns these bonds in their portfolios. Zero worry.
telephone utilities
BUY WEAKNESS
BUY WEAKNESS
July 22, 2020
If you buy ZQQ, you are buying all the stocks that have done remarkably well -- so timing is not good. He would look for a better entry point.
Show full opinionHide full opinionIf you buy ZQQ, you are buying all the stocks that have done remarkably well -- so timing is not good. He would look for a better entry point.
E.T.F.'s
SELL STRENGTH
SELL STRENGTH
July 22, 2020
Gold stocks have done a terrible job creating investor wealth. The share price is basically where it was 30 years ago. If gold keeps going up, then the share price will go up. When interest rates go up, it will be the end of this gold run. He would suggest taking profit and going elsewhere.
Show full opinionHide full opinionGold stocks have done a terrible job creating investor wealth. The share price is basically where it was 30 years ago. If gold keeps going up, then the share price will go up. When interest rates go up, it will be the end of this gold run. He would suggest taking profit and going elsewhere.
precious metals
DON'T BUY
DON'T BUY
July 22, 2020
The entire oil sector will continue to struggle. The only reason oil prices have rebounded is that Russia and OPEC agreed to cut production a bit. His view on the energy sector is that they no longer own anything in this sector. Cutting dividends or eliminated dividends are likely.
Show full opinionHide full opinionThe entire oil sector will continue to struggle. The only reason oil prices have rebounded is that Russia and OPEC agreed to cut production a bit. His view on the energy sector is that they no longer own anything in this sector. Cutting dividends or eliminated dividends are likely.
integrated oils
BUY WEAKNESS
BUY WEAKNESS
July 22, 2020
INTC has always been a top pick for him. They are losing the contract with Apple, because the company will begin making their own chips. It will not have a massive impact on their bottom line. They do not own INTC right now. As the earnings have been cyclical, he is waiting for a pullback. It has a bullet proof balance sheet.
INTC has always been a top pick for him. They are losing the contract with Apple, because the company will begin making their own chips. It will not have a massive impact on their bottom line. They do not own INTC right now. As the earnings have been cyclical, he is waiting for a pullback. It has a bullet proof balance sheet.
electrical/electronic
PAST TOP PICK
PAST TOP PICK
July 22, 2020
(A Top Pick Aug 15/19, Up 36%) They just came out with great earnings. It trades at 10 times earnings and 2.7% yield. He is still a very happy owner.
Show full opinionHide full opinion(A Top Pick Aug 15/19, Up 36%) They just came out with great earnings. It trades at 10 times earnings and 2.7% yield. He is still a very happy owner.
investment companies/funds
PAST TOP PICK
PAST TOP PICK
July 22, 2020
(A Top Pick Aug 15/19, Down 38%) He sold this about a month ago on the basis of them exiting all energy stocks. A great company, but they created an earthquake when they cut dividends for the first time since WWII. The whole sector is under incredible pressure.
Show full opinionHide full opinion(A Top Pick Aug 15/19, Down 38%) He sold this about a month ago on the basis of them exiting all energy stocks. A great company, but they created an earthquake when they cut dividends for the first time since WWII. The whole sector is under incredible pressure.
Energy
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