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Lorne Steinberg
President & Portfolio Manager at Lorne Steinberg Wealth Management Inc
Member since: Jan '11 · 1499 Opinions
Rating Card
| All | 
Rating
| 
Big Win
| 
Win
| 
Neutral
| 
Loss
| 
Big Loss
|  |
|---|---|---|---|---|---|---|---|
| 3.94 | 121 27.69% | 91 20.82% | 62 14.19% | 94 21.51% | 69 15.79% | ||
| 1 Month | 4.2 | 12 10.26% | 40 34.19% | 36 30.77% | 28 23.93% | 1 0.85% | |
| 6 Months | 3.91 | 24 22.22% | 23 21.30% | 15 13.89% | 32 29.63% | 14 12.96% | |
| 12 Months | 3.92 | 33 34.02% | 14 14.43% | 7 7.22% | 18 18.56% | 25 25.77% | |
| 2 Years | 4.15 | 36 45.00% | 11 13.75% | 4 5.00% | 9 11.25% | 20 25.00% | |
| 5 Years | 3.52 | 16 45.71% | 3 8.57% | 0 0.00% | 7 20.00% | 9 25.71% |
Stock Opinions by Lorne Steinberg
COMMENT
Investors need to ignore short term market gyrations and "buy when others are fearful".
Interest rates likely to rise again, but not expecting major increases.
Economy slowing down which creates good buying opportunity for investors.
If housing markets cools in the USA, it will impact markets, but not worried about global banking system.
Believes recent TSX downtime will not affect credibility of the exchange.
Unknown
$0.000
Unknown
TOP PICK
By far the largest distributor of alcohol beverages globally.
Focusing on premium brands(higher margins).
Sales rising which creates good profits.
Able to buy emerging brands such as George Clooney's vodka brand.
Rebound in travel increasing demand for alcohol.
High dividend yield is good for investors.
Not worried about looming recession, but high end products/brands won't be affected.
food processing
TOP PICK
Custodian for securities (lending institution).
Oligopoly business - very large pension funds are major clients.
Declining markets hard, but not worried about prospects going forward.
Gaining market share with rising profits.
3% dividend yield is good for investors.
investment companies / funds
TOP PICK
Very strong business that is largest semi-conductor supplier in the world.
Building largest plant in the world in Arizona, USA.
Shortage in chips creating good business opportunity.
Expecting 20% revenue growth going forward.
Semi-conductor demand is not going away.
electrical / electronic
PAST TOP PICK
(A Top Pick Nov 11/21, Down 28%) Global banks have been hit hard by falling markets and rising interest rates.
8% dividend yield, and will continue to hold.
Ukraine war hard on European banks.
Well run bank with good management.
Buying back shares.
investment companies / funds
PAST TOP PICK
(A Top Pick Nov 11/21, Down 5%) Consumer products company (Lysol etc.)
Difficult times, but undergoing turnaround.
Revenue growth estimated to be ~8%.
Will continue to hold.
misc consumer products
PAST TOP PICK
(A Top Pick Nov 11/21, Down 34%) Recently added to position and will continue to hold.
Likes company and believes has excellent prospects going forward.
Disney has fasted growing streaming business in the world.
Theme parks will continue to see rise in attendance.
Lots of room for expansion of franchises.
Sees lots of upside and is expecting a double in share price.
entertainment services
BUY
Doesn't own stock, but sees current share price as good entry point.
Electric/gas utility - interest rates very sensitive to business model.
Very consistent business model (~4% dividend yield).
Good for defensive investors.
electrical utilities
BUY
Likes Canadian banks stocks.
Recent selloff has sold of shares at ~30%.
Controversial CEO change recently.
Very steady business with excellent capitalization.
History of Canadian banks very strong.
banks
BUY
Very consistent track record of making money.
Large generator of free cash flow.
Return on equity is strong.
Trading at book value with ~3% dividend.
investment companies / funds
DON'T BUY
Has under-performed for a long time.
Opportunity to buy other names.
JP Morgan or Goldman Sachs a better investment.
banks
BUY on WEAKNESS
Recent market selloff/rising interest rates have impacted share price.
Believes that business model is stable and demand for pipelines not going away.
Too much debt for comfort level.
Prefers TC Energy.
pipelines
BUY
Pharmaceutical company that sells generic drugs.
Healthy dividend yield and cash flow.
About to close on M&A deal.
Big question is whether company will return capital to shareholders (share buybacks).
Shares very cheap at current price.
Pharma & Healthcare
DON'T BUY
Swedish electric car company(similar to Tesla).
Bleeding cash and not profiting.
Will have to issue equity in order to re-capitalize.
Risky stock and better options out there.
Automotive
BUY on WEAKNESS
Very well run business, but Covid-19 hard on earnings.
Cost of labor and regulatory costs going up.
Margins down and earnings down.
~7% dividend yield very sold.
Current share price very cheap.
Looking to buy shares.
property mngmnt / investment
