Opinions by Mohsin Bashir | StockChase
391
Mohsin Bashir

VP Investments

ON STOCKCHASE SINCE Mar 2011

Stone Asset Management
info@highwatercapital.ca


Opinions by Mohsin Bashir


Signal Opinion Expert Chart

2017-07-20

N/A
A Comment -- General Comments From an Expert 

Markets.  He sees a little bit of opportunity in the TSX.  It did spectacularly well last year and it will be hard to replicate it.  The sectors that have outperformed the most are counter intuitive – utilities and telecommunication stocks.  They tend to be bond proxies and you won’t get the relative benefit in a rising rate environment.  He has seen opportunity in alternative energy, however.  We are trading at high PE multiples but we are having earnings grow into these multiples.  These may last for quite some time until there is a rollover of the cycle.  He would prefer financial services, and businesses that are tied to services in the industrial area.

Mohsin Bashir

VP Investments, Stone Asset Management

Price: $0.020
Owned: _N/A

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2017-07-20

BUY
Altagas Ltd (ALA-T)

He has been adding to this one at these levels. He likes it because it gets painted with the same brush as other oil companies, but it is much more diversified. There is a high degree of certainty for their revenues and cash flows. There is high visibility. They are starting to amass assets in the alternative energy space.

oil/gas
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $29.640
Owned: Yes

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2017-07-20

HOLD
Brookfield Asset Management (A) (BAM.A-T)

It is being viewed as a REIT in many ways and being stagnated due to the rising rate environment.  Management are do a good job in terms of rates of return on invested capital.  He likes it as a long term core holding.

management/diversified
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $50.240
Owned: Unknown

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2017-07-20

BUY
Berkshire Hathaway Inc. (B) (BRK.B-N)

It has been a phoenix-like rise for the Canadian dollar recently.  Given the strength of the stock portfolio it is a pretty good purchase. 

insurance
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $171.330
Owned: Unknown

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2017-07-20

SELL ON STRENGTH
Baytex Energy Corp (BTE-T)

He would not own it because he looks for risk adjusted growth opportunities.  This has been a damaged story because it is just too highly levered.  It is difficult to see oil prices high enough for them to appreciate.

oil/gas
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $3.160
Owned: No

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2017-07-20

BUY
CitiGroup (C-N)

All of the US financials stand to benefit from a rising rate environment as well as a relaxed regulatory environment. This is the one he would think is more accelerated to these new environments. You should have US banks in your portfolio.

insurance
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $66.360
Owned: Unknown

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2017-07-20

BUY on WEAKNESS
Cineplex Inc (CGX-T)

He likes the fact that it is a pretty recession-proof stock.  It is a lot more than movie tickets.  They have really built up gaming.  The PE has been high for quite some time.  It is not that elevated a PE considering its resilience, however.  It is a good idea to pick away at it.  You know you will keep getting dividend increases.

other services
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $49.860
Owned: Unknown

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2017-07-20

PAST TOP PICK
CVS Health Corp (CVS-N)

(Top Pick Aug 31/16, Down 15.40%) He really liked the uniqueness of the business model.  He got out.  It was unable to overcome the competitive threats.  It could benefit from a ‘Trump Bump’.

specialty stores
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $77.160
Owned: No

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2017-07-20

PAST TOP PICK
Emera Inc (EMA-T)

(Top Pick Aug 31/16, Up 2.04%) He moved on because it was one of those bond-proxy type of names.  A 4.4% dividend, but there may not be any tailwind from here.

mngmnt/diversified
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $47.270
Owned: No

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2017-07-20

BUY
Alphabet Inc. (A) (GOOGL-Q)

A good long term hold.  It is a spectacular business.  They are at the forefront in terms of using artificial intelligence and big data analytics.  They keep re-inventing themselves.  He wishes they would pay a dividend.

Business Services
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $992.190
Owned: Unknown

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2017-07-20

TOP PICK
Jamieson Wellness (JWEL-T)

It is the MacDonald’s of the vitamin business.  It is the number one Canadian consumer health brand.  They have more market share than their 5 biggest peers combined.  They have exposure in China.  He thinks it will be a success-IPO story like DOL-T.  It is now going to be a show-me story as they grow their top line.

Mohsin Bashir

VP Investments, Stone Asset Management

Price: $17.050
Owned: Yes

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2017-07-20

TOP PICK
Maxar Technologies (MAXR-T)

They are trying to be more and more tilted toward the US.  They are trying to get more regulatory approvals in the US, which will be a significant catalyst.  (Analysts’ target: $83.00).

computer software/processing
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $65.610
Owned: Yes

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2017-07-20

DON'T BUY
Manulife Financial (MFC-T)

It was fairly unloved for some time and he took a position.  He bought it looking for a rising rate environment.  He started seeing technical indicators showing a resistance level about where it is now.  He decided to harvest the profits and move on to greater opportunities even though it seemed just to be forming a base.

insurance
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $25.310
Owned: No

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2017-07-20

WATCH
New Flyer Industries Inc. (NFI-T)

He missed the bus on this one.  It has been a beneficiary of municipalities spending more on transportation.  They are securing long term contracts south of the border.  He would need to see a 10-15% pullback before trying to get into it now.

income trust
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $51.340
Owned: No

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2017-07-20

PAST TOP PICK
Quanta Services (PWR-N)

(Top Pick Aug 31/16, Up 16.91%) He has been accumulating more of this.  The management team has been pretty astute at picking away at assets.  There is some growth as well as the dividend.

REAL ESTATE
Mohsin Bashir

VP Investments, Stone Asset Management

Price: $32.750
Owned: Yes

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