Opinions by Lorne Zeiler | StockChase
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Lorne Zeiler

Portfolio Manager & Wealth Advisor

ON STOCKCHASE SINCE Jul 2016

TriDelta Financial


Opinions by Lorne Zeiler


Signal Opinion Expert Chart

2016-12-23

TOP PICK
Apple (AAPL-Q)

He sees catalysts in this. They have what is called a “refresh” or “repurchase” program with the iPhone. The iPhone 8 is going to be hitting right at that point and grabbing market share, and you are going to have people switching devices. That will bring a new revenue source for them. People have been concerned about declining iPhone sales, and he thinks they will increase in 2017. Repatriation would be massive for this company. They have over $150 billion sitting offshore. The expectation is that if it actually does happen, they are probably going to bring about $100 billion back, which could go into special dividends, dividend increases and share buybacks. Also, they have been significantly increasing the revenue for services. Dividend yield of 1.97%. (Analysts’ price target is $131.65.)

electrical/electronic
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $116.520
Owned: Yes

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2016-12-23

TOP PICK
AbbVie Inc. (ABBV-N)

Thinks healthcare has been an un-forgotten asset class. As a result, there are a lot of companies with compelling valuations. This is trading at about 13.5X earnings. The majority of that comes from the auto immune therapy product, Humira, that really changes people’s lives. This will contribute about $17 billion to total earnings next year. They are seeing huge growth for emerging markets. It has come off patent, but this is an infusion medication with numerous patents around it. They’ve got a good pipeline, because they have made a number of acquisitions. They are expecting earnings growth of about 30% over the next 4 years. Dividend yield of 4.11%. (Analysts’ price target is $71.94.)

Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $62.340
Owned: Yes

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2016-07-29

TOP PICK
Computer Program & Systems (CPSI-Q)

Provides end to end solutions for patient care for small, rural hospitals, acute care facilities and financial planning and accounting software. They made an acquisition and lost some clients as a result, and the stock came down significantly. They see some great synergies, and are actually ahead of schedule. There are a lot of positives going on with the company. It has a great pipeline. They figure about 150% growth in terms of sales. There is a new compliance regulation coming out, which a lot of smaller players will not be able to comply with. Trading at about 11X forward earnings. Dividend yield of 6.46%.

Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $39.640
Owned: Yes

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2017-04-20

TOP PICK
iShares MSCI Edge Min Vol EAFE (EFAV-N)

There are better opportunities now in Europe and Japan. This gives you a broader exposure across Europe of all the countries, with a little bit less on the UK. Also, there is a better mix in terms of stability in the sectors. In the last 3 years, there has been significant outperformance on this ETF, but last year underperformance. Good dividend yield.

E.T.F.'s
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $66.400
Owned: Yes

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2017-04-20

TOP PICK
Johnson & Johnson (JNJ-N)

Recently missed on revenues and the stock sold off a bit. They actually beat on the earnings per share. This company has 3 solid lines of business, pharmaceuticals, consumer products and medical devices. There should be significant earnings growth this year. They did a significant acquisition last year which should be coming into earnings this year. Trading at about 20X earnings. Dividend yield of 2.6%. (Analysts’ price target is $130.)

biotechnology/pharmaceutical
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $121.870
Owned: Yes

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2016-07-29

TOP PICK
LyondellBasell Industries (LYB-N)

Basically a manufacturer, designer and technology company around plastics and polymers. They also have a refining division. Valuation is really cheap. The company did quite well, particularly when there was a disparity between oil and gas. Trading at about 7X forward earnings. He anticipates earnings to be on a declining scale in 2016, but likely to stabilize in 2017. Dividend yield of 4.52%.

INDUSTRIAL PRODUCTS
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $75.260
Owned: Yes

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2017-04-20

TOP PICK
Sun Life Financial Inc (SLF-T)

Compared to the other insurers, their valuation is more reasonable at 7.6X earnings. Recently they’ve provided their medium-term outlook, looking at 8%-10% earnings growth per year. Very stable name. Dividend yield of 3.6%. (Analysts’ price target is $54.)

insurance
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $47.800
Owned: Yes

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2016-12-23

TOP PICK
TransCanada Corp (TRP-T)

Great management team. Reasonable valuation to the peer group. There is going to be a lot of pipeline that he is expecting to come online in the next number of years. There is about $25 billion of infrastructure that has been spent, and will be coming online, probably within the next 2 years. There is another $45 billion that is likely coming on in the next 5 years from there. A huge amount of growth in that space. The company has said that they are likely to increase dividends at a 10% clip over the next 5 years. We are also likely going to see Keystone approved. Dividend yield of 3.64%. (Analysts’ price target is $68.31.)

oil/gas pipelines
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $62.130
Owned: Yes

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2016-07-29

TOP PICK
BMO S&P/TSX Laddered Preferred (ZPR-T)

Rate reset preferreds started coming out in 2008. They declare a dividend which has a formula attached to it. Every 5 years that rate gets reset based on a formula, a 5-year Government bond and some kind of spread. Sold off a lot last year, because the yield curve flattened significantly and there was a fear the rate resets were going to be a lot lower. However, what has tended to happen, is that you are now getting yields of about 5.5%. Actually one of the few securities that if interest rates go up, you are going to benefit from it. He could see about 5%-10% growth, plus reset rates going higher if rates do increase.

E.T.F.'s
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $9.960
Owned: Yes

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2017-04-20

PAST TOP PICK
Apple (AAPL-Q)

(A Top Pick Dec 23/16. Up 23%.) This has been a great buy. Has reduced his holdings, because the catalysts he was looking for hasn’t happened yet. Two of them were related tax reforms, particularly the possible repeat duration of offshore funds. He is also hearing of delays of iPhone 8. He still likes this. Still at a reasonable valuation.

electrical/electronic
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $142.440
Owned: Yes

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2017-04-20

PAST TOP PICK
AbbVie Inc. (ABBV-N)

(A Top Pick Dec 23/16. Up 4%.) A one trick pony with their drug Humira. Valuation is quite reasonable and is going to be 12-13X projected earnings. A lot of that is based on sales of Humira, a life altering drug, which accounts for over 60% of their revenues. Made 2 very large acquisitions in the past few years, and we are starting to see some of those drugs in the pipeline getting approved.

Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $63.780
Owned: Yes

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2016-12-23

PAST TOP PICK
Computer Program & Systems (CPSI-Q)

(A Top Pick July 29/16. Down 39.82%.) Had been looking at this, and it had a great sales pipeline. He was looking at it to realize on some of that pipeline. It did not meet expectations so he exited at about $28 in August.

Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $23.350
Owned: No

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2016-12-23

PAST TOP PICK
LyondellBasell Industries (LYB-N)

(A Top Pick July 29/16. Up 19%.) This was great value. Basically industrial, focused on the chemical side. Producing plastics is its main business. Stable oil prices really helped out. Trading at about a 30% discount to its peers, which is warranted, because earnings are likely to be lacklustre in the next little while. You are still getting a 4%+ dividend. There is still room left on the stock.

INDUSTRIAL PRODUCTS
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $87.700
Owned: Yes

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2017-04-20

PAST TOP PICK
TransCanada Corp (TRP-T)

(A Top Pick Dec 23/16. Up 4%.) He thought there might be some uptick if the Keystone pipeline was approved and the integration of the Columbian pipeline. A great name to continue to hold. They are projecting dividend growth of over 10% over the next 3 years. They have $23-$24 billion of projects coming on in Mexico, the US and Canada.

oil/gas pipelines
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $63.560
Owned: Yes

Must be logged in to use chart

2016-12-23

PAST TOP PICK
BMO S&P/TSX Laddered Preferred (ZPR-T)

(A Top Pick July 29/16. Up 8.13%.) Has a lot of clients that are really focused on how they are going to get the income they need. Every 5 years, these preferred shares get reset, and they benefit when interest rates are going up.

E.T.F.'s
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial

Price: $10.580
Owned: Yes

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