Greg Newman
Member since: Sep '11
Director & Portfolio Manager at
Scotia Wealth Management
Scotia Wealth Management
1590 Opinions
Latest Top Picks
(A Top Pick Oct 26/18, Up 37%) It was defensive at the time. Markets were falling. Even at these levels, it's trading at 15x and growing at 15%. On a price to growth basis, still a good opportunity in a fragmented market.
(A Top Pick Oct 26/18, Down 14%) Sold most of it. At the time, it was cheap compared to peers and defensive. He believed that their multiple would increase if they sold off their construction business. However, they had higher costs and softer activity. The stock didn't respond the way he wanted to, and there is problems with accelerated work reduction.
(A Top Pick Oct 26/18, Up 0%) He is holding less cash. The markets are going higher now. A year ago, markets were in free-fall. It was just before the drop.
The stock has come down. Software is out of favour with a move towards cyclical tech. They missed on earnings due to one time charges. Revenue growth is slowing that worries investors. However, it's a good time to buy here. They just passed 1M merchants and starting to offer loans to them. Has a very good management team with good growth opportunity.
They just beat by 3%. A free cash flow story. Just raised dividends by 8% and buy backs. They completed 2 acquisitions recently. Cost cutting and buy back will be enough. It doesn't depend on a strong economy.
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Expert
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COMMENT
COMMENT
November 1, 2019
Markets continue to go higher as long as there is advances in defusing trade tensions. The yield curve is now sloping positive, the Federal Reserve keeps adding to their balance sheet. Job markets are robust, and seasonality is good. Earnings are beating expectations.
Markets continue to go higher as long as there is advances in defusing trade tensions. The yield curve is now sloping positive, the Federal Reserve keeps adding to their balance sheet. Job markets are robust, and seasonality is good. Earnings are beating expectations.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
COMMENT
COMMENT
November 1, 2019
The yield on the S&P 500 is around 1.9%. The 10 year in the US is 1.73%. When this happens, stocks usually go up as long as trade talks continue.
The yield on the S&P 500 is around 1.9%. The 10 year in the US is 1.73%. When this happens, stocks usually go up as long as trade talks continue.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
COMMENT
COMMENT
November 1, 2019
The multiple in the market is reasonable. They probably engineered a soft landing. If global PMIs pick up, maybe there could be 3 or 4 more years of this cycle.
The multiple in the market is reasonable. They probably engineered a soft landing. If global PMIs pick up, maybe there could be 3 or 4 more years of this cycle.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
COMMENT
COMMENT
November 1, 2019
Are interest rates going to zero? He doesn't think we would get to 0 but they will probably go down.
Are interest rates going to zero? He doesn't think we would get to 0 but they will probably go down.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
BUY
BUY
November 1, 2019
Has a decent growth of 5% with good dividends. They missed on Q2 with an elevated balance sheet but it is trading at a nice 15.4 times valuation. Longterm outlook is good with an aging population. The management team is executing well.
Has a decent growth of 5% with good dividends. They missed on Q2 with an elevated balance sheet but it is trading at a nice 15.4 times valuation. Longterm outlook is good with an aging population. The management team is executing well.
property mngmnt/investment
COMMENT
COMMENT
November 1, 2019
They are the best they have been. 62% is industrial with a lot of concentration in Montreal. It has a safe and improving payout ratio 74%. However, their growth is slow and their leverage is high. He would prefer H&R.
They are the best they have been. 62% is industrial with a lot of concentration in Montreal. It has a safe and improving payout ratio 74%. However, their growth is slow and their leverage is high. He would prefer H&R.
investment companies/funds
BUY
BUY
November 1, 2019
electrical utilities
BUY
BUY
November 1, 2019
electrical utilities
BUY WEAKNESS
BUY WEAKNESS
November 1, 2019
The company is still a box office play. It really depends on the film slate. The stock is at the cheapest it's been with a very high dividend. The payout ratio is very high, though it should come down to a safer level next year. He thinks they will turn around and is a good value here.
The company is still a box office play. It really depends on the film slate. The stock is at the cheapest it's been with a very high dividend. The payout ratio is very high, though it should come down to a safer level next year. He thinks they will turn around and is a good value here.
other services
BUY
BUY
November 1, 2019
Infrastructure and utility play can be offence and defence in these climate. You'll probably get growth even in an economic slowdown with names like this, and Algonquin.
Infrastructure and utility play can be offence and defence in these climate. You'll probably get growth even in an economic slowdown with names like this, and Algonquin.
INDUSTRIAL PRODUCTS
COMMENT
COMMENT
November 1, 2019
He would buy Bank of America. The stock is still very cheap, price to book value. It has a decent growth rate. This is the one to be buying in this kind of climate.
He would buy Bank of America. The stock is still very cheap, price to book value. It has a decent growth rate. This is the one to be buying in this kind of climate.
banks
COMMENT
COMMENT
November 1, 2019
He would buy Bank of America. The stock is still very cheap, price to book value. It has a decent growth rate. This is the one to be buying in this kind of climate.
He would buy Bank of America. The stock is still very cheap, price to book value. It has a decent growth rate. This is the one to be buying in this kind of climate.
Telecommunications
BUY
BUY
November 1, 2019
He just took a position in this company. There's a duopoly and it's not a question of if the Max air comes back, it's when. They missed on earnings but they are seeing the Max coming back in Q4. From a financial point of view, this is a stock he would buy here.
He just took a position in this company. There's a duopoly and it's not a question of if the Max air comes back, it's when. They missed on earnings but they are seeing the Max coming back in Q4. From a financial point of view, this is a stock he would buy here.
Transportation
BUY
BUY
November 1, 2019
They have done a fabulous job turning around Burger King and Poppeye's. Tim Horton's disappointed with the slow turn around. It's expensive at 21 times, but they pay a nice dividend to wait. When you see Tim Horton's turns, it'll grow well. There is doubt now, which is the time to buy.
They have done a fabulous job turning around Burger King and Poppeye's. Tim Horton's disappointed with the slow turn around. It's expensive at 21 times, but they pay a nice dividend to wait. When you see Tim Horton's turns, it'll grow well. There is doubt now, which is the time to buy.
food services
COMMENT
COMMENT
November 1, 2019
Microsoft continues to benefit from moving to the cloud. Servers, Azur, and software continues to perform. Xbox momentum continues. It's very expensive and he wouldn't buy right now. He would prefer FAANGs that have higher growth.
Microsoft continues to benefit from moving to the cloud. Servers, Azur, and software continues to perform. Xbox momentum continues. It's very expensive and he wouldn't buy right now. He would prefer FAANGs that have higher growth.
computer software/processing
Comments
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