Opinions by Richard Croft | StockChase
836
Richard Croft

President

ON STOCKCHASE SINCE Dec 2004

R.N. Croft Financial Group Inc.
218 Steeles Ave East Thornhill, ONL3T 1A6
T: (905) 695-7777 F: (905) 695-9777 rcroft@croftgroup.com
http://www.croftgroup.com/index.htm


Opinions by Richard Croft


Signal Opinion Expert Chart

2017-08-28

N/A
A Comment -- General Comments From an Expert 

Market. The earnings is what has been driving stock prices, and not what Trump has been doing. Doesn’t think the Fed is inclined to raise rates again this year. Thinks they will concentrate on restructuring the balance sheet. Yellin could be out of a job by the end of the year. That by itself won’t be a stimulus to the market. Interest rates don’t necessarily mean PE expansion, which you would need in order for the market to start surging again.

Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $0.020
Owned: _N/A

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2017-08-28

N/A
A Comment -- General Comments From an Expert 

Calculating ROE when selling a Covered Call? ROE’s are calculated on a Covered Call based on the current price, because they are looking at it as a position that you would enter today, which would be your Rate of Return if it were exercised and it stayed the same, and your downside break even based on today’s prices.

Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $0.020
Owned: _N/A

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2017-08-28

N/A
A Comment -- General Comments From an Expert 

An international dividend ETF? There are a couple of things to think about on international holdings. There are currency risks. He would look at a US ETF that pays a high dividend, such as Global X Super Dividend US (DIV-N). Not sure he would look at a pure preferred share kind of ETF, because you have the currency risk and the interest rate exposure. Look at one that has dividends that are going to grow.

Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $0.020
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2017-08-28

N/A
A Comment -- General Comments From an Expert 

A book on options? He would recommend the hand book called “Options as a Strategic Investment”, written by Lawrence McMillan. It gives very clear examples of every possible strategy you can imagine. You want to look at the strategies that are interesting to you, read through them, and understand them.

Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $0.020
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2017-08-28

TOP PICK
Agnico-Eagle Mines (AEM-T)

Covered Call. Gold stocks fall most of the time in the top 25% in the top quartile of option premiums. You get a higher option premium against gold than almost any other sector. Secondly gold stocks, longer-term, don’t tend to go very far. They’ll rise significantly during a market downturn, and then settle back. Because there is a lot of volatility, they pay a high option premium. This is one of the better gold companies in Canada. He is looking at selling an At the Money Covered Call, and he thinks you can consistently do that. Dividend yield of 0.84%.

precious metals
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $61.990
Owned: Yes

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2017-08-28

COMMENT
Alerian MLP ETF (AMLP-N)

Is the 8% dividend sustainable, and is there any upside to the ETF? This is an energy ETF, so you want to think about this like you think about the Enbridge Income Fund. He doesn’t think the 8% is sustainable. Performance has been so-so, mainly because oil prices have slipped quite dramatically. There will be some challenges in the next few years.

E.T.F.'s
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $10.860
Owned: Unknown

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2017-08-28

COMMENT
Alimentation Couche-Tard (B) (ATD.B-T)

Writing Put options. If the stock went in the money and were Put to you, would you take the stock or Buy it back to close a contract? He would take the stock. It is a good company and he likes what they are doing.

food stores
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $59.670
Owned: Yes

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2017-08-28

PAST TOP PICK
Bank of America (BAC-N)

(A Top Pick Dec 9/16. Up 4.39%.) Synthetic Long Position. Had Bought a Call and Sold a Put which created a position equivalent to buying the stock itself. US banks have been flat and have been almost dead money for most of the year. This is good until January, so he would hold onto this position.

banks
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $23.720
Owned: Yes

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2017-08-28

COMMENT
Cineplex Inc (CGX-T)

Bought at $40 and Sold a $42 Sept 2017 covered call. Should I sell lower? He would probably go out to December.

other services
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $35.270
Owned: Unknown

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2017-08-28

TOP PICK
Canadian National R.R. (CNR-T)

Covered Call. A stock he thinks would benefit if the Canadian economy continues to do well. The Canadian economy is in pretty good shape and this company is representative of that. There was a downturn recently in the stock price, and this is a good entry point. He would look at an “at the money” covered call on this. Dividend yield of 1.6%.

Transportation
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $99.100
Owned: Yes

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2017-08-28

BUY
Costco Wholesale (COST-Q)

Covered call? This has some challenges because of Amazon (AMZN-Q). They were hit when Amazon announced their takeover of Whole Foods. He likes the company and thinks it is OK longer-term. If he were going into it, he would Buy it and Sell an At the Money Covered Call.

department stores
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $152.550
Owned: Unknown

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2017-08-28

COMMENT
SPDR Dow Jones Industrial Average ETF (DIA-N)

A good ETF for a 15-year-old? This one would be excellent. Trades at 1/100 the value of the Dow Jones industrial average, and is a great way to start. Because you live in Canada, he would put half your money in Canada and half in the US. For Canada, he would probably look at iUnits S&P/TSX 60 ETF (XIU-T).

E.T.F.'s
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $217.940
Owned: Unknown

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2017-08-28

COMMENT
Global X Super Dividend US (DIV-N)

Should this be held in a rising rate environment? There is nothing wrong with holding this in a rising rate environment. This is an ETF where they are buying stocks to increase their dividends. What you should be more interested in, is how is the economy doing. If the economy is doing reasonably well globally, which it seems to be doing right now, you are looking for companies that are going to be increasing their dividends in that environment. Not a bad way to play it.

E.T.F.'s
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $25.359
Owned: Unknown

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2017-08-28

PAST TOP PICK
Enbridge Income Fund Holdings (ENF-T)

This company was never shown as a Top Pick for Richard, so I don’t know where BNN’s information came from. We had Royal Bank, which they didn’t comment on. - Bill)

oil/gas
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $30.880
Owned: Yes

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2017-08-28

BUY
Goldman Sachs (GS-N)

He likes this company. They had a very bad quarter with trading revenue, which you don’t usually see. He would be a buyer, and you can Buy a Call option if you want to take a leveraged position.

investment companies/funds
Richard Croft

President, R.N. Croft Financial Group Inc.

Price: $220.350
Owned: Unknown

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