Ryan Bushell
Member since: Jan '13
President at
Newhaven Asset Management
Newhaven Asset Management
596 Opinions
Latest Top Picks
(A Top Pick Jul 03/18, Up 6%) He is surprised the stock has not done better. They are looking to divest some of their US divisions, which he sees as having weighed the company down. The new CEO has been working hard and he expects to come up with some good strategies going forward.
(A Top Pick Jul 03/18, Down 2%) The Canadian banks are good value right now. They trade between 9 & 12 times earnings. The yield is almost 5% and there could be room for dividend growth. He continues to add to his clients holdings.
(A Top Pick Jul 03/18, Down 49%) The company made the same amount of money in Q1 as last year. He is perplexed by the market sentiment. The dividend is over 9% and he thinks they will not cut it at current oil and gas prices. Oil accounts for 70% of their cash flow. A bargain and he continues to buy. Yield 9.2%
He does not think the dividend will be cut, unless commodity values drop sharply or they decide to use capital to buy back shares. They have a huge undeveloped land holding position. The management team is building the company for the next decade. He has faith in them. Yield 9.23%. (Analysts’ price target is $11.37)
They are building a petrochemical facility in Alberta and the market is a bit nervous. This is creating a good buying opportunity. You are getting paid to wait for the project to add a further $5-$10 per share capital appreciation. Yield 7.62% (Analysts’ price target is $24.27)
2
0
0
0
0
Your ReactionSignal
Opinion
Expert
Chart
COMMENT
COMMENT
July 16, 2019
Market Outlook He is of the opinion that the US Fed will cut rates and this is helping fuel the latest rally in the market. But he wonders if we are pushing on string and might make matters worse down the road. He sees a lot of excesses like crypto currency. He thinks the Republication party is wanting to keep things strong going into the 2020 elections. He thinks the energy sector could be producing up to 5 million barrels per day in Canada if the proposed pipeline projects in and out of Canada would have been completed as originally proposed. Instead the US has increased its production to take this opportunity away. WTI prices are near $80 Canadian per barrel, so things are not that bad. Maybe now is the time to buy when everyone is heading for the door.
Market Outlook He is of the opinion that the US Fed will cut rates and this is helping fuel the latest rally in the market. But he wonders if we are pushing on string and might make matters worse down the road. He sees a lot of excesses like crypto currency. He thinks the Republication party is wanting to keep things strong going into the 2020 elections. He thinks the energy sector could be producing up to 5 million barrels per day in Canada if the proposed pipeline projects in and out of Canada would have been completed as originally proposed. Instead the US has increased its production to take this opportunity away. WTI prices are near $80 Canadian per barrel, so things are not that bad. Maybe now is the time to buy when everyone is heading for the door.
Ryan Bushell
President, Newhaven Asset Management
DON'T BUY
DON'T BUY
July 16, 2019
His analyst see it trading at half its normal value to book value -- incredibly cheap. The problem is we are late in the economic expansion cycle. There is a school of that that the central banks may prolong the trend, but he doesn't believe it. There is fear about auto demand going forward. He doesn't think you need to be into this just yet.
His analyst see it trading at half its normal value to book value -- incredibly cheap. The problem is we are late in the economic expansion cycle. There is a school of that that the central banks may prolong the trend, but he doesn't believe it. There is fear about auto demand going forward. He doesn't think you need to be into this just yet.
transportation equip & components
HOLD
HOLD
July 16, 2019
A bond proxy? A steady stock with a good dividend. The price war in wireless is canalizing some margins. He thinks the fundamentals of the company will likely deteriorate over the next couple of years. A 5.3% yield. He will continue to hold for now.
A bond proxy? A steady stock with a good dividend. The price war in wireless is canalizing some margins. He thinks the fundamentals of the company will likely deteriorate over the next couple of years. A 5.3% yield. He will continue to hold for now.
telephone utilities
HOLD
HOLD
July 16, 2019
The industrial real estate space has done very well. E-commerce and changing logistics needs of customer has driven demand. He holds WPT-T instead. He would continue to hold both.
The industrial real estate space has done very well. E-commerce and changing logistics needs of customer has driven demand. He holds WPT-T instead. He would continue to hold both.
investment companies/funds
HOLD
HOLD
July 16, 2019
The industrial real estate space has done very well. E-commerce and changing logistics needs of customer has driven demand. He holds WPT-T instead. He would continue to hold both.
The industrial real estate space has done very well. E-commerce and changing logistics needs of customer has driven demand. He holds WPT-T instead. He would continue to hold both.
DON'T BUY
DON'T BUY
July 16, 2019
He does not own this. There has been a lot of consolidation in the retail food space. The company has been withering a bit and is feeling the impact of Uber Eats. The question is if they can be re-define themselves. He hopes they don't cut the dividend. He would not buy into it.
He does not own this. There has been a lot of consolidation in the retail food space. The company has been withering a bit and is feeling the impact of Uber Eats. The question is if they can be re-define themselves. He hopes they don't cut the dividend. He would not buy into it.
merchandising/lodging
BUY WEAKNESS
BUY WEAKNESS
July 16, 2019
Telus vs Rogers? He prefers neither. The valuation is too rich. He sold his Rogers around $72. He would prefer Telus as it is more diversified and does not have the struggles of content issues. He would actually buy Shaw instead as they enter the wireless space. He would buy all three on weakness, but enter Shaw today.
Telus vs Rogers? He prefers neither. The valuation is too rich. He sold his Rogers around $72. He would prefer Telus as it is more diversified and does not have the struggles of content issues. He would actually buy Shaw instead as they enter the wireless space. He would buy all three on weakness, but enter Shaw today.
telephone utilities
BUY WEAKNESS
BUY WEAKNESS
July 16, 2019
Telus vs Rogers? He prefers neither. The valuation is too rich. He sold his Rogers around $72. He would prefer Telus as it is more diversified and does not have the struggles of content issues. He would actually buy Shaw instead as they enter the wireless space. He would buy all three on weakness, but enter Shaw today.
Telus vs Rogers? He prefers neither. The valuation is too rich. He sold his Rogers around $72. He would prefer Telus as it is more diversified and does not have the struggles of content issues. He would actually buy Shaw instead as they enter the wireless space. He would buy all three on weakness, but enter Shaw today.
Cable
BUY WEAKNESS
BUY WEAKNESS
July 16, 2019
Telus vs Rogers? He prefers neither. The valuation is too rich. He sold his Rogers around $72. He would prefer Telus as it is more diversified and does not have the struggles of content issues. He would actually buy Shaw instead as they enter the wireless space. He would buy all three on weakness, but enter Shaw today.
Telus vs Rogers? He prefers neither. The valuation is too rich. He sold his Rogers around $72. He would prefer Telus as it is more diversified and does not have the struggles of content issues. He would actually buy Shaw instead as they enter the wireless space. He would buy all three on weakness, but enter Shaw today.
steel
DON'T BUY
DON'T BUY
July 16, 2019
He would not pick this one. Their dividend is not favorable. They have consistently bought high and sold low -- moving in and out of natural gas at the wrong time. There are better choices out there.
He would not pick this one. Their dividend is not favorable. They have consistently bought high and sold low -- moving in and out of natural gas at the wrong time. There are better choices out there.
oil/gas
BUY
BUY
July 16, 2019
2019 forecast cut? They cut the guidance by 3.4% and the stock is down 10%. He thinks this was overly punitive. They just completed a UK acquisition that he likes and the dividend is solid. They just bought more in the past few months and will buy more when he gets back to his desk. The trend in urbanization continues to increase and this is the fastest, low cost method for increasing transportation. Their recent issues will be transient.
2019 forecast cut? They cut the guidance by 3.4% and the stock is down 10%. He thinks this was overly punitive. They just completed a UK acquisition that he likes and the dividend is solid. They just bought more in the past few months and will buy more when he gets back to his desk. The trend in urbanization continues to increase and this is the fastest, low cost method for increasing transportation. Their recent issues will be transient.
Automotive
PAST TOP PICK
PAST TOP PICK
July 16, 2019
(A Top Pick Jul 03/18, Up 6%) He is surprised the stock has not done better. They are looking to divest some of their US divisions, which he sees as having weighed the company down. The new CEO has been working hard and he expects to come up with some good strategies going forward.
(A Top Pick Jul 03/18, Up 6%) He is surprised the stock has not done better. They are looking to divest some of their US divisions, which he sees as having weighed the company down. The new CEO has been working hard and he expects to come up with some good strategies going forward.
insurance
PAST TOP PICK
PAST TOP PICK
July 16, 2019
(A Top Pick Jul 03/18, Down 2%) The Canadian banks are good value right now. They trade between 9 & 12 times earnings. The yield is almost 5% and there could be room for dividend growth. He continues to add to his clients holdings.
(A Top Pick Jul 03/18, Down 2%) The Canadian banks are good value right now. They trade between 9 & 12 times earnings. The yield is almost 5% and there could be room for dividend growth. He continues to add to his clients holdings.
banks
PAST TOP PICK
PAST TOP PICK
July 16, 2019
(A Top Pick Jul 03/18, Down 49%) The company made the same amount of money in Q1 as last year. He is perplexed by the market sentiment. The dividend is over 9% and he thinks they will not cut it at current oil and gas prices. Oil accounts for 70% of their cash flow. A bargain and he continues to buy. Yield 9.2%
(A Top Pick Jul 03/18, Down 49%) The company made the same amount of money in Q1 as last year. He is perplexed by the market sentiment. The dividend is over 9% and he thinks they will not cut it at current oil and gas prices. Oil accounts for 70% of their cash flow. A bargain and he continues to buy. Yield 9.2%
oil/gas
BUY WEAKNESS
BUY WEAKNESS
July 16, 2019
Good for slowing economic growth? He owns this. This is a good as it diversifies away from real estate. He has a hard time buying at these valuations. He likes the assets like toll roads. He would buy back into the low $50s. Yield is close to 5% and the dividend grows by 5% each year. (Analysts’ price target is $61.00)
Good for slowing economic growth? He owns this. This is a good as it diversifies away from real estate. He has a hard time buying at these valuations. He likes the assets like toll roads. He would buy back into the low $50s. Yield is close to 5% and the dividend grows by 5% each year. (Analysts’ price target is $61.00)
INDUSTRIAL PRODUCTS
Comments
20000
© Stockchase Inc.
5
Stock saved to your watch list successfully.View Watch List
