Ryan Bushell
Member since: Jan '13
President at
Newhaven Asset Management
Newhaven Asset Management
687 Opinions
Latest Top Picks
(A Top Pick Feb 27/19, Down 7%) A week and a half ago this was up in value. He thinks the sell off will be short lived. This is still a Top Pick for him.
(A Top Pick Feb 27/19, Down 34%) A smaller position for them. He was hoping housing and trade would improve. Unfortunately their workers went on strike for 7 months. The shares are poised to go higher with bullish US housing stats. Their exports to Asia as significant so he would be careful and watch this one. There is also some risk the dividend could be cut.
Any time the share price drops to the low $30s this is a good buy. He expects it to rebound back above the mid-$40s when oil prices recover. Their capex has peaked and now they can reap the benefits in higher cash flows. When capital returns to Canada, this will be one of the first ones to attract new investor interest. Yield 4.47% (Analysts’ price target is $47.00)
A quality company with a dividend that just went up 6%. They will be able to increase the dividend going forward. Longer term, growth for Banks in Canada may be slow, but they can add efficiency from technology improvements and asset prices will continue to rise if interest rates remain low.
Yield 4.66% (Analysts’ price target is $77.14)
He liked this more when it was $20.55. It trades at 3/4s of the valuation of their utility peers. They expect an 8-10% growth in the rate payer base. You want to own regulated utilities going forward. They are likely to increase the dividend again next year. Yield 4.43% (Analysts’ price target is $23.14)
Signal
Opinion
Expert
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COMMENT
COMMENT
March 4, 2020
Market Outlook The uncertain nature of the Coronavirus is causing uncertainty in the economic outlook. The most vivid resetting of the investment picture is the where the 10 year yield has gone -- below 1% for the first time. This will provide good support for good quality income paying securities. Interest rates could one day in the next decade drop below zero, he thinks.
Show full opinionHide full opinion
Market Outlook The uncertain nature of the Coronavirus is causing uncertainty in the economic outlook. The most vivid resetting of the investment picture is the where the 10 year yield has gone -- below 1% for the first time. This will provide good support for good quality income paying securities. Interest rates could one day in the next decade drop below zero, he thinks.
DON'T BUY
DON'T BUY
March 4, 2020
It has been a very difficult share to own for investors. Right now they are in defense mode again as oil prices have fallen recently. He expects a proactive cut in production out of OPEC however. Creditors are putting clamps on further US shale production currently, so he feels there is a road to better times ahead. He thinks there are better investments than Husky out there though.
Show full opinionHide full opinionIt has been a very difficult share to own for investors. Right now they are in defense mode again as oil prices have fallen recently. He expects a proactive cut in production out of OPEC however. Creditors are putting clamps on further US shale production currently, so he feels there is a road to better times ahead. He thinks there are better investments than Husky out there though.
oil/gas
BUY
BUY
March 4, 2020
He has been purchasing this lately at higher levels even. It has performed poorly in share price, despite how well the cash flow profile is good and the dividend was raised by 10%. Their growth is pretty much assured as they continue to win bids on infrastructure projects. It appears to be on sale to him right now. Yield 4%
Show full opinionHide full opinionHe has been purchasing this lately at higher levels even. It has performed poorly in share price, despite how well the cash flow profile is good and the dividend was raised by 10%. Their growth is pretty much assured as they continue to win bids on infrastructure projects. It appears to be on sale to him right now. Yield 4%
contractors
DON'T BUY
DON'T BUY
March 4, 2020
They just acquired a large land position. The company has great assets and is well run. However, he needs a higher dividend yield and he needs to see how the new management team works out. Yield 4.4%
Show full opinionHide full opinionThey just acquired a large land position. The company has great assets and is well run. However, he needs a higher dividend yield and he needs to see how the new management team works out. Yield 4.4%
oil/gas
BUY
BUY
March 4, 2020
Hold or buy a pipeline? He owns this one for his clients. They may decrease drilling, but when other companies reduce drilling they are forced to sell off royalty interests -- this is good for them. They are slow and steady. CN's pension plan owns this as well in a big way. It appears to be on sale to him. He thinks their cash flow will improve when oil returns to above $50 by June.
Show full opinionHide full opinionHold or buy a pipeline? He owns this one for his clients. They may decrease drilling, but when other companies reduce drilling they are forced to sell off royalty interests -- this is good for them. They are slow and steady. CN's pension plan owns this as well in a big way. It appears to be on sale to him. He thinks their cash flow will improve when oil returns to above $50 by June.
oil/gas
HOLD
HOLD
March 4, 2020
Exposure to China? He owns a position on behalf of clients. He thinks the share drop is manageable. With a life insurance company, there is always a need to have it. Demand may be delayed and deferred, but not lost. You can hold it here. Longer term there is more upside than downside. Lower interest rates do hurt their longer term exposures, but he expects 10 year interest rates to return to normal going forward. Yield 5%
Show full opinionHide full opinionExposure to China? He owns a position on behalf of clients. He thinks the share drop is manageable. With a life insurance company, there is always a need to have it. Demand may be delayed and deferred, but not lost. You can hold it here. Longer term there is more upside than downside. Lower interest rates do hurt their longer term exposures, but he expects 10 year interest rates to return to normal going forward. Yield 5%
insurance
COMMENT
COMMENT
March 4, 2020
Dream has been a very good performer in a very good space. It is still a little over valued at this level. He prefers WPT instead.
Dream has been a very good performer in a very good space. It is still a little over valued at this level. He prefers WPT instead.
REAL ESTATE
COMMENT
COMMENT
March 4, 2020
Dream has been a very good performer in a very good space. It is still a little over valued at this level. He prefers WPT instead.
Dream has been a very good performer in a very good space. It is still a little over valued at this level. He prefers WPT instead.
DON'T BUY
DON'T BUY
March 4, 2020
Good alternative to a bank share? In a word, no. Their big 20% share drop move is significant. Asset management growth companies are more volatile, especially in falling markets when asset values are falling. He prefers to own traditional banks for their better dividend yield and more diversified business.
Show full opinionHide full opinionGood alternative to a bank share? In a word, no. Their big 20% share drop move is significant. Asset management growth companies are more volatile, especially in falling markets when asset values are falling. He prefers to own traditional banks for their better dividend yield and more diversified business.
Financial Services
WATCH
WATCH
March 4, 2020
Dividend cut? Royal Bank analysts think they may cut the dividend. This may be coming Friday, when they report earnings. He thinks there are lots of things management could do, like cut the dividend 50% or eliminate the DRIP program and the share price would jump up. He would not be selling it here, nor would he be a buyer.
Dividend cut? Royal Bank analysts think they may cut the dividend. This may be coming Friday, when they report earnings. He thinks there are lots of things management could do, like cut the dividend 50% or eliminate the DRIP program and the share price would jump up. He would not be selling it here, nor would he be a buyer.
oil/gas
PAST TOP PICK
PAST TOP PICK
March 4, 2020
(A Top Pick Feb 27/19, Down 7%) A week and a half ago this was up in value. He thinks the sell off will be short lived. This is still a Top Pick for him.
Show full opinionHide full opinion(A Top Pick Feb 27/19, Down 7%) A week and a half ago this was up in value. He thinks the sell off will be short lived. This is still a Top Pick for him.
oil/gas
PAST TOP PICK
PAST TOP PICK
March 4, 2020
(A Top Pick Feb 27/19, Down 34%) A smaller position for them. He was hoping housing and trade would improve. Unfortunately their workers went on strike for 7 months. The shares are poised to go higher with bullish US housing stats. Their exports to Asia as significant so he would be careful and watch this one. There is also some risk the dividend could be cut.
Show full opinionHide full opinion(A Top Pick Feb 27/19, Down 34%) A smaller position for them. He was hoping housing and trade would improve. Unfortunately their workers went on strike for 7 months. The shares are poised to go higher with bullish US housing stats. Their exports to Asia as significant so he would be careful and watch this one. There is also some risk the dividend could be cut.
west coast forestry
COMMENT
COMMENT
March 4, 2020
Gold It is hard for a long term investor seeking dividend income to buy into gold. He thinks the longer term cut in Fed rates is more significant than the Coronavirus. You simply don't get paid to wait holding gold. Instead, he would buy dividend payers and get paid to wait.
Show full opinionHide full opinionGold It is hard for a long term investor seeking dividend income to buy into gold. He thinks the longer term cut in Fed rates is more significant than the Coronavirus. You simply don't get paid to wait holding gold. Instead, he would buy dividend payers and get paid to wait.
HOLD
HOLD
March 4, 2020
Suncor will be a survivor of this energy down turn, but only wants to own one oil sands producer. He prefers CNQ. Suncor has benefited from their refinery assets, but that value uplift is pretty much played out.
oil/gas
HOLD
HOLD
March 4, 2020
Suncor will be a survivor of this energy down turn, but only wants to own one oil sands producer. He prefers CNQ. Suncor has benefited from their refinery assets, but that value uplift is pretty much played out.
integrated oils
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