Opinions by Bruce Murray | StockChase
204
Bruce Murray

CEO & Chief Investment Officer

ON STOCKCHASE SINCE May 2016

The Murray Wealth Group

204
Bruce Murray

CEO & Chief Investment Officer

ON STOCKCHASE SINCE May 2016

The Murray Wealth Group


Opinions by Bruce Murray


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General Market Comment 

December 11, 2017

Market. We are in one of the greatest Bull Markets of our lifetime. Valuations have been increasing, and thinks they can still go higher. In the 60’s had low interest rates for a long period of time, and we saw stocks getting into the 40, 50, 60 PE range, which were high quality companies. If you had bought them, even though they got badly slammed in the 70’s correction and the higher interest rate yield in the inflationary time period, by 2000 you had your money back. We could be in for a repeat of that.

Market. We are in one of the greatest Bull Markets of our lifetime. Valuations have been increasing, and thinks they can still go higher. In the 60’s had low interest rates for a long period of time, and we saw stocks getting into the 40, 50, 60 PE range, which were high quality companies. If you had bought them, even though they got badly slammed in the 70’s correction and the higher interest rate yield in the inflationary time period, by 2000 you had your money back. We could be in for a repeat of that.

Unknown
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$0.020
Owned Owned
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General Market Comment 

December 11, 2017

Gold. Which company would you invest in? He doesn’t believe in investing in gold stocks. Most gold stocks are run for ounces produced, rather than profitability. We always get into trouble when the commodity prices dip. If you have to own gold, buy the high-quality ones. Franco Nevada (FNV-T) has been the best play in the sector, because they are not producers, but just take X% of the production and have no costs.

Gold. Which company would you invest in? He doesn’t believe in investing in gold stocks. Most gold stocks are run for ounces produced, rather than profitability. We always get into trouble when the commodity prices dip. If you have to own gold, buy the high-quality ones. Franco Nevada (FNV-T) has been the best play in the sector, because they are not producers, but just take X% of the production and have no costs.

Unknown
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$0.020
Owned Owned
_N/A

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BUY
Air Canada(AC-T) 

December 11, 2017

He likes this, and thinks it can continue to move up. Has almost doubled off is lows in the last year from the $10-$12 range. It’s quite volatile. It could pull back to $15 or go to $35. Its value is substantially higher than what it is. Get on for the ride.

Transportation

He likes this, and thinks it can continue to move up. Has almost doubled off is lows in the last year from the $10-$12 range. It’s quite volatile. It could pull back to $15 or go to $35. Its value is substantially higher than what it is. Get on for the ride.

Transportation
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$25.320
Owned Owned
Yes

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PAST TOP PICK
Amazon.com(AMZN-Q) 

December 11, 2017

(A Top Pick June 20/17. Up 18%.) This is on quite a roll. Their business is expanding and will continue to do so massively for the next several years. The issue is profitability. They are throwing all their cash flow back into growing the business.  When they slow down, the earnings will come roaring through. 

specialty stores

(A Top Pick June 20/17. Up 18%.) This is on quite a roll. Their business is expanding and will continue to do so massively for the next several years. The issue is profitability. They are throwing all their cash flow back into growing the business.  When they slow down, the earnings will come roaring through. 

specialty stores
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$1168.920
Owned Owned
Yes

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TOP PICK
Astrazeneca P L C(AZN-N) 

December 11, 2017

Has an impressive line of new products that should hit the market over the next 10 years, in cancer, diabetes and Alzheimer’s. They have underperformed for the last several years, and now is starting to turn the corner. Dividend yield of 4.28%. (Analysts’ Price Target is $38.)

biotechnology/pharmaceutical

Has an impressive line of new products that should hit the market over the next 10 years, in cancer, diabetes and Alzheimer’s. They have underperformed for the last several years, and now is starting to turn the corner. Dividend yield of 4.28%. (Analysts’ Price Target is $38.)

biotechnology/pharmaceutical
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$33.120
Owned Owned
Yes

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COMMENT

A very solid investment. They’ve done a great job.

INDUSTRIAL PRODUCTS

A very solid investment. They’ve done a great job.

INDUSTRIAL PRODUCTS
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$56.400
Owned Owned
No

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COMMENT
Cogeco Cable(CCA-T) 

December 11, 2017

This has done very, very well over the last couple of years   with a lot of the other telecommunication companies. It has always been held out as an acquisition that Rogers (RCI.B-T) has to make to get a hold of Oakville, Burlington area. The company has continued to diversify by buying more US assets. He would Buy Rogers or BCE (BCE-T) instead.

Cable

This has done very, very well over the last couple of years   with a lot of the other telecommunication companies. It has always been held out as an acquisition that Rogers (RCI.B-T) has to make to get a hold of Oakville, Burlington area. The company has continued to diversify by buying more US assets. He would Buy Rogers or BCE (BCE-T) instead.

Cable
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$88.900
Owned Owned
Yes

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COMMENT
Cineplex Inc(CGX-T) 

December 11, 2017

Had a big pull back. Last year, a lot of great movies came out but this last season was pretty tough. Cinemas are gradually losing customer base, and this one is trying to increase business with other things like game rooms. Believes the season will be better next year, and the stock possibly will increase. Still very expensive. An incredibly well managed business. Investing in great management usually pays off. 

other services

Had a big pull back. Last year, a lot of great movies came out but this last season was pretty tough. Cinemas are gradually losing customer base, and this one is trying to increase business with other things like game rooms. Believes the season will be better next year, and the stock possibly will increase. Still very expensive. An incredibly well managed business. Investing in great management usually pays off. 

other services
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$38.850
Owned Owned
Unknown

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DON'T BUY

This was a very aggressive oil/gas company, heavily involved in both Saskatchewan and Utah in intensive gas/oil drillings. They were drilling marginal resources that required high prices to be profitable. When energy prices came off, there were a number of these companies, and the dividends had to be cut and stocks fell quite substantially. Costs are coming down in the oil patch, but prices are down. The companies are struggling with this and will continue to do so until energy prices come back, which is many years away. 

oil/gas

This was a very aggressive oil/gas company, heavily involved in both Saskatchewan and Utah in intensive gas/oil drillings. They were drilling marginal resources that required high prices to be profitable. When energy prices came off, there were a number of these companies, and the dividends had to be cut and stocks fell quite substantially. Costs are coming down in the oil patch, but prices are down. The companies are struggling with this and will continue to do so until energy prices come back, which is many years away. 

oil/gas
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$9.250
Owned Owned
Unknown

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BUY
Capital Power(CPX-T) 

December 11, 2017

Has a nice fat dividend of 6.9%. Within the Alberta market there is a major shut down. The big Sundance coal power plants have been shut down. Coal pricing in Alberta has been depressed. He is optimistic that higher price will come back in Alberta, and this company is well positioned to benefit from that.

electrical utilities

Has a nice fat dividend of 6.9%. Within the Alberta market there is a major shut down. The big Sundance coal power plants have been shut down. Coal pricing in Alberta has been depressed. He is optimistic that higher price will come back in Alberta, and this company is well positioned to benefit from that.

electrical utilities
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$24.030
Owned Owned
Yes

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TOP PICK
Medical Facilities Corp.(DR-T) 

December 11, 2017

This has fallen again. The issue is that they own 6 surgical centres in the US and there is competition coming into these markets. All the things that people worry about are in place and he is using this as an opportunity to get a position. They do own the buildings. Dividend yield of 8.46%. (Analysts’ Price Target is $16.)

other services

This has fallen again. The issue is that they own 6 surgical centres in the US and there is competition coming into these markets. All the things that people worry about are in place and he is using this as an opportunity to get a position. They do own the buildings. Dividend yield of 8.46%. (Analysts’ Price Target is $16.)

other services
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$13.560
Owned Owned
Yes

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PAST TOP PICK
Enbridge(ENB-T) 

December 11, 2017

(A Top Pick June 20/17. Up 2%.) One of his few plays in energy. He likes it because of the substantial discount. It had come down from its high of $65. They have the takeovers and the rebuilding of Line 3. The stock held back because there was a lot of financing to come. A lot of that is behind them now and this can now gradually start to appreciate. Dividend yield of 5.5%.

oil/gas pipelines

(A Top Pick June 20/17. Up 2%.) One of his few plays in energy. He likes it because of the substantial discount. It had come down from its high of $65. They have the takeovers and the rebuilding of Line 3. The stock held back because there was a lot of financing to come. A lot of that is behind them now and this can now gradually start to appreciate. Dividend yield of 5.5%.

oil/gas pipelines
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$49.570
Owned Owned
Yes

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TOP PICK

Enbridge (ENB-T) rolls a portion of their Canadian assets into this and pay out the depreciation giving a nice yield. He accumulates this when it is in the $27-$28 range. Believes they will grow the dividend 10%. Dividend yield of 7.03%. (Analysts’ Price Target is $34.)

oil/gas

Enbridge (ENB-T) rolls a portion of their Canadian assets into this and pay out the depreciation giving a nice yield. He accumulates this when it is in the $27-$28 range. Believes they will grow the dividend 10%. Dividend yield of 7.03%. (Analysts’ Price Target is $34.)

oil/gas
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$29.240
Owned Owned
Yes

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COMMENT
Extendicare Inc(EXE-T) 

December 11, 2017

This has been a disappointing company over the long term. The company has recently refocused only on Canadian nursing homes. Forward EV to EBITDA is 11.5X.

other services

This has been a disappointing company over the long term. The company has recently refocused only on Canadian nursing homes. Forward EV to EBITDA is 11.5X.

other services
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$9.290
Owned Owned
No

Must be logged in to use chart
COMMENT
Facebook(FB-Q) 

December 11, 2017

PE is probably in the 40 range. Grew 50% in the last quarter. Even if the growth rate slows to 20%, it would only take a couple of years to eat through that premium and it will have a great run. There are hundreds of billions of dollars of TV advertising left, which will gradually roll into this and Google in one form or another. A great story.

PE is probably in the 40 range. Grew 50% in the last quarter. Even if the growth rate slows to 20%, it would only take a couple of years to eat through that premium and it will have a great run. There are hundreds of billions of dollars of TV advertising left, which will gradually roll into this and Google in one form or another. A great story.

0
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$179.040
Owned Owned
Yes

Must be logged in to use chart
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