Stock Opinions by Keith Summers - Stockchase Experts
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Keith Summers

On Stockchase since : Mar 2013

Portfolio Manager at Tricoastal Capital

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Stock Opinions by Keith Summers - Stockchase Experts

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General Market Comment 

March 25, 2013

Markets. Cyprus is what they should have done all along – make sure insured depositors are covered and uninsured depositors are not.  We as investors have to be concerned about this.  When there is a weak banking sector in any country we have to worry about contagion.  The markets are in for a rougher ride than we have seen for the last 9 months. 

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Markets. Cyprus is what they should have done all along – make sure insured depositors are covered and uninsured depositors are not.  We as investors have to be concerned about this.  When there is a weak banking sector in any country we have to worry about contagion.  The markets are in for a rougher ride than we have seen for the last 9 months. 

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$0.020
Owned Owned
_N/A

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DON'T BUY

This is the one that holds US government backed securities.  He is not convinced that bond yields are going up any time soon, but doesn’t think they will go down either, so you are left with whatever yield this one is throwing off.  Prefers ones that are tied to real estate and mortgages in the US or Internationally. 

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This is the one that holds US government backed securities.  He is not convinced that bond yields are going up any time soon, but doesn’t think they will go down either, so you are left with whatever yield this one is throwing off.  Prefers ones that are tied to real estate and mortgages in the US or Internationally. 

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$117.220
Owned Owned
Unknown

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BUY

Generally likes mortgages.  You get higher yields and there is harder collateral security.  You are a step removed from the volatility of underlying real estate prices.  30% of it is in two securities, which concerns him somewhat.

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Generally likes mortgages.  You get higher yields and there is harder collateral security.  You are a step removed from the volatility of underlying real estate prices.  30% of it is in two securities, which concerns him somewhat.

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$29.310
Owned Owned
Unknown

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BUY
SPDR S&P 500 ETF(SPY-N) 

March 25, 2013

The original ETF.  It is almost as big as RY and BNS combined.  Any other ETF trying to track the S&P is secondary to this one.  If you have an investment horizon of more than 3 years you should be in stocks.

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The original ETF.  It is almost as big as RY and BNS combined.  Any other ETF trying to track the S&P is secondary to this one.  If you have an investment horizon of more than 3 years you should be in stocks.

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$154.950
Owned Owned
Unknown

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DON'T BUY
Alerian MLP ETF(AMLP-N) 

March 25, 2013

Master Limited Partnership ETF.  Only type of ETF where the manager can collect a performance fee.  This one is focused on pipelines, storage, etc.  It is not really keeping up with its index, which leads him to think there is a problem in the structure or the management.  It’s not working out.

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Master Limited Partnership ETF.  Only type of ETF where the manager can collect a performance fee.  This one is focused on pipelines, storage, etc.  It is not really keeping up with its index, which leads him to think there is a problem in the structure or the management.  It’s not working out.

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$17.540
Owned Owned
Unknown

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BUY

If there is a widows and orphans ETF, this is it.  There are defense contractors and tobacco to some extent, if you are a socially responsible investor.  15 times forward estimates.  Pretty fairly valued.  There are not too many buy and holds in ETF land, but this would be one.

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If there is a widows and orphans ETF, this is it.  There are defense contractors and tobacco to some extent, if you are a socially responsible investor.  15 times forward estimates.  Pretty fairly valued.  There are not too many buy and holds in ETF land, but this would be one.

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$60.970
Owned Owned
Unknown

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BUY

He likes Mexico for a number of years.  Earnings growth down there is about 22%, impressive.  Valuation is a little on the high side, (17 times), but that isn’t so high in Mexico.  It has a ways to go.

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He likes Mexico for a number of years.  Earnings growth down there is about 22%, impressive.  Valuation is a little on the high side, (17 times), but that isn’t so high in Mexico.  It has a ways to go.

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$72.240
Owned Owned
Unknown

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BUY
iShares Japan ETF(EWJ-N) 

March 25, 2013

With Japan there is currency risk – they are actively working on devaluing the Yen.  Forward earnings estimate is over 50%, valuation is 14 times.  Export oriented and strong consumer sector.  You will not be disappointed.  Providing earnings estimates are achieved, if it goes up 10-15% over the next 3-4 months then the run is done and if not, then it won’t.

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With Japan there is currency risk – they are actively working on devaluing the Yen.  Forward earnings estimate is over 50%, valuation is 14 times.  Export oriented and strong consumer sector.  You will not be disappointed.  Providing earnings estimates are achieved, if it goes up 10-15% over the next 3-4 months then the run is done and if not, then it won’t.

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$10.670
Owned Owned
Unknown

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WEAK BUY

Not crazy about the Canadian market because the earnings estimates are coming down.  Nothing terribly wrong with it but he would prefer something where there are upwards revisions.

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Not crazy about the Canadian market because the earnings estimates are coming down.  Nothing terribly wrong with it but he would prefer something where there are upwards revisions.

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$28.200
Owned Owned
Unknown

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DON'T BUY

Great idea because it is harder to buy bonds retail and you pay more as a retail investor.  Holding them through an ETF is a much better way to go and as well you get diversification.  This one is not particularly big and is focused on really long term corporate.  These are not part of the QE mechanism.  He is worried if bond yields go up then the price on the ETF will be hurt.  They don’t tell you the credit rating, but in 10 years they must be all blue chip companies.

E.T.F.'s
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Great idea because it is harder to buy bonds retail and you pay more as a retail investor.  Holding them through an ETF is a much better way to go and as well you get diversification.  This one is not particularly big and is focused on really long term corporate.  These are not part of the QE mechanism.  He is worried if bond yields go up then the price on the ETF will be hurt.  They don’t tell you the credit rating, but in 10 years they must be all blue chip companies.

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$40.320
Owned Owned
Unknown

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TOP PICK

He looks for sectors that have solid momentum, reasonable valuations, upwards revisions on earnings, positive earnings growth, and good geopolitics.  Philippines has made the grade.  It has everything he likes.  Since he bought it it is a little ripe as it went from $16 to $18.  He will hold until the end of this month.

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He looks for sectors that have solid momentum, reasonable valuations, upwards revisions on earnings, positive earnings growth, and good geopolitics.  Philippines has made the grade.  It has everything he likes.  Since he bought it it is a little ripe as it went from $16 to $18.  He will hold until the end of this month.

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$39.130
Owned Owned
Yes

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TOP PICK

Projected earnings are to grow 34% over the next 12 months.  Reasonably valued at 13x earnings.  Bank oriented.  When it is trading 16x forward earnings that is when you exit.

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Projected earnings are to grow 34% over the next 12 months.  Reasonably valued at 13x earnings.  Bank oriented.  When it is trading 16x forward earnings that is when you exit.

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$88.910
Owned Owned
Yes

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TOP PICK

It’s the formula that works – positive earnings revisions and growth, plus reasonable valuation at 15x.  Very financial services and real estate oriented.  Will probably be in for a couple of months. 

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It’s the formula that works – positive earnings revisions and growth, plus reasonable valuation at 15x.  Very financial services and real estate oriented.  Will probably be in for a couple of months. 

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Keith Summers

Portfolio , Tricoastal Capital...

Price Price
$19.390
Owned Owned
Yes

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