Stock Opinions by Bryden Teich - Stockchase Experts
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143
Bryden Teich @

On Stockchase since : Jan 2018

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Stock Opinions by Bryden Teich - Stockchase Experts


Signal Opinion Expert Chart
COMMENT
General Market Comment 

August 17, 2018

TSX outlook. Has been in a holding pattern with trade tensions lingering. Canadian economy doing pretty well, with GDP strong and inflation hot. Corporate earnings doing well. Market is a gauge on people’s sentiment. He focuses on specific companies with high quality earnings and cash flow. Have cash on the sidelines in case of volatility. Parts of the market he likes, but broader market is all over the place. Need a defensive posture right now, clipping yields where they can.

TSX outlook. Has been in a holding pattern with trade tensions lingering. Canadian economy doing pretty well, with GDP strong and inflation hot. Corporate earnings doing well. Market is a gauge on people’s sentiment. He focuses on specific companies with high quality earnings and cash flow. Have cash on the sidelines in case of volatility. Parts of the market he likes, but broader market is all over the place. Need a defensive posture right now, clipping yields where they can.

Unknown
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$0.020
Owned Owned
_N/A

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COMMENT
General Market Comment 

August 17, 2018

China. Big issue for US is China. Meeting scheduled for end of month. Hopefully, sabre rattling is over, and both sides can get to a deal they’re happy with. Toxic US political environment makes things challenging. Looks like US is locking up things with Mexico, but Canada is still in a holding pattern. Hopefully, the US and Mexico won’t turn on Canada.

China. Big issue for US is China. Meeting scheduled for end of month. Hopefully, sabre rattling is over, and both sides can get to a deal they’re happy with. Toxic US political environment makes things challenging. Looks like US is locking up things with Mexico, but Canada is still in a holding pattern. Hopefully, the US and Mexico won’t turn on Canada.

Unknown
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$0.020
Owned Owned
_N/A

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COMMENT
General Market Comment 

August 17, 2018

Trump’s wanting companies to report only every 6 months. Companies waste a lot of time having to deal with investors. A longer term horizon, not having to worry about beating earnings, is a positive thing. More companies should do it the Warren Buffet way, and not worry so much about short-term earnings.

Trump’s wanting companies to report only every 6 months. Companies waste a lot of time having to deal with investors. A longer term horizon, not having to worry about beating earnings, is a positive thing. More companies should do it the Warren Buffet way, and not worry so much about short-term earnings.

Unknown
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$0.020
Owned Owned
_N/A

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BUY

Weaker volume sales in US. Core business is US and Canada. Free cash flow is about 10% free cash flow yield. Concern that beer growth is slowing. They’ve been smart and done a joint venture with a marijuana company. This is a good level to buy.

breweries/beverages

Weaker volume sales in US. Core business is US and Canada. Free cash flow is about 10% free cash flow yield. Concern that beer growth is slowing. They’ve been smart and done a joint venture with a marijuana company. This is a good level to buy.

breweries/beverages
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$68.560
Owned Owned
No

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BUY
CVS Health Corp(CVS-N) 

August 17, 2018

Really likes. He’s doubled down. There is headline risk with the Aetna deal still ongoing, the Amazon effect, and US rhetoric about decreasing drug costs. Underlying earnings trend is strong. At a great level now. Over next year or two should tick back up.

specialty stores

Really likes. He’s doubled down. There is headline risk with the Aetna deal still ongoing, the Amazon effect, and US rhetoric about decreasing drug costs. Underlying earnings trend is strong. At a great level now. Over next year or two should tick back up.

specialty stores
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$73.680
Owned Owned
Yes

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DON'T BUY
D R Horton Inc.(DHI-N) 

August 17, 2018

Shares in US homebuilders have come off. Backup in interest rates is stalling demand for houses in US. Similar to auto market, in that once it starts to roll, it’s not something you want to trade over the short term.

contractors

Shares in US homebuilders have come off. Backup in interest rates is stalling demand for houses in US. Similar to auto market, in that once it starts to roll, it’s not something you want to trade over the short term.

contractors
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$44.380
Owned Owned
Unknown

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COMMENT

Hold or sell? Risk is the high multiple. Every earnings call, expectations are very high. Earnings and growth really have to come through every quarter, or you get volatility. Great job growing and maintaining premium brand status. He’d take some profits if you’re up, and de-risk into something with a lower multiple. 

clothing

Hold or sell? Risk is the high multiple. Every earnings call, expectations are very high. Earnings and growth really have to come through every quarter, or you get volatility. Great job growing and maintaining premium brand status. He’d take some profits if you’re up, and de-risk into something with a lower multiple. 

clothing
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$66.470
Owned Owned
Unknown

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DON'T BUY

They own Brookfield Business Partners (BBU.U.T) instead, which contributed significant capital to a joint venture with Great Canadian, who is running the Woodbine investment. A lot of volatility with this name. Not the most consistent income stream.

entertainment services

They own Brookfield Business Partners (BBU.U.T) instead, which contributed significant capital to a joint venture with Great Canadian, who is running the Woodbine investment. A lot of volatility with this name. Not the most consistent income stream.

entertainment services
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$43.890
Owned Owned
No

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COMMENT
Tricon Capital Group(TCN-T) 

August 17, 2018

They’ve diversified. Underlying dynamics for this asset class are more positive than the homebuilders. But if rates go up, their profitability gets tougher. A low valuation way to play the US housing market, but he feels this is close to turning over.

REAL ESTATE

They’ve diversified. Underlying dynamics for this asset class are more positive than the homebuilders. But if rates go up, their profitability gets tougher. A low valuation way to play the US housing market, but he feels this is close to turning over.

REAL ESTATE
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$11.780
Owned Owned
No

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DON'T BUY

Gone sideways for past year. Great job growing their base, stock’s done incredibly well last few years. But if economy is slowing down, it’s not the part of the cycle where you’d want to buy.

Automotive

Gone sideways for past year. Great job growing their base, stock’s done incredibly well last few years. But if economy is slowing down, it’s not the part of the cycle where you’d want to buy.

Automotive
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$50.760
Owned Owned
No

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PAST TOP PICK

(A Top Pick March 1/18, Up 1%) Still really likes it. Lower end retail in the US is the place to be. In the sweet spot to benefit from the US tax cut. A global brand. They’ve grown, but not diluted shareholders once. Very clean from a financial perspective.

food stores

(A Top Pick March 1/18, Up 1%) Still really likes it. Lower end retail in the US is the place to be. In the sweet spot to benefit from the US tax cut. A global brand. They’ve grown, but not diluted shareholders once. Very clean from a financial perspective.

food stores
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$62.970
Owned Owned
Yes

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PAST TOP PICK

(A Top Pick March 1/18, Up 22 %) Really like, still a great buy. Very diversified, great access to capital, great investment professionals. Plan to hold it for a long time.

(A Top Pick March 1/18, Up 22 %) Really like, still a great buy. Very diversified, great access to capital, great investment professionals. Plan to hold it for a long time.

0
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$53.350
Owned Owned
Yes

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PAST TOP PICK
Enbridge(ENB-T) 

August 17, 2018

 (A Top Pick March 1/18, Up 19%) Negativity was priced into stock from March to June. Funding profile much better. Still room to move higher. Still a lot of debt. If they focus on paying down debt and getting Line 2 built, they’ll be in great shape, with a 6% yield.

oil/gas pipelines

 (A Top Pick March 1/18, Up 19%) Negativity was priced into stock from March to June. Funding profile much better. Still room to move higher. Still a lot of debt. If they focus on paying down debt and getting Line 2 built, they’ll be in great shape, with a 6% yield.

oil/gas pipelines
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$47.040
Owned Owned
Yes

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HOLD
Toronto Dominion(TD-T) 

August 17, 2018

One of his main Canadian bank holdings. Great idea to use DRIPs. Wouldn’t buy more right now if you already own. Great job growing the US franchise. Well diversified. Not trading at a crazy multiple. A stock you can own forever. (Analysts’ price target is $83.75.)

banks

One of his main Canadian bank holdings. Great idea to use DRIPs. Wouldn’t buy more right now if you already own. Great job growing the US franchise. Well diversified. Not trading at a crazy multiple. A stock you can own forever. (Analysts’ price target is $83.75.)

banks
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$78.700
Owned Owned
Yes

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DON'T BUY
Costco Wholesale(COST-Q) 

August 17, 2018

Pretty expensive right now. This segment of US retail doing well. Difficulty is that Costco is defensive, and the multiple is high for that at 32x earnings. Really have to execute every quarter. If you have a positive view on US consumer, look at Couche-Tard or Dollar Tree. (Analysts’ price target is around $212.)

department stores

Pretty expensive right now. This segment of US retail doing well. Difficulty is that Costco is defensive, and the multiple is high for that at 32x earnings. Really have to execute every quarter. If you have a positive view on US consumer, look at Couche-Tard or Dollar Tree. (Analysts’ price target is around $212.)

department stores
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$225.680
Owned Owned
Unknown

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