Opinions by David Baskin | StockChase
4290
David Baskin

President

ON STOCKCHASE SINCE Feb 2001

Baskin Wealth Management

http://www.baskinfinancial.com/main/

4290
David Baskin

President

ON STOCKCHASE SINCE Feb 2001

Baskin Wealth Management

http://www.baskinfinancial.com/main/


Opinions by David Baskin


Signal Opinion Expert Chart
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General Market Comment 

January 4, 2018

Market.  There is going to be a business in Canada in Marijuana but it is not nearly big enough to support the $6 Billion market Cap of just WEED-T.  What worries him is that he is seeing unsophisticated investors buying online and having no idea how to value the companies.  It reminds him of the .com bubble.  Heavy users will grow their own and the government price that is set will be unsustainable.  The whole thing is a complete bubble.  It will end in tears.

Market.  There is going to be a business in Canada in Marijuana but it is not nearly big enough to support the $6 Billion market Cap of just WEED-T.  What worries him is that he is seeing unsophisticated investors buying online and having no idea how to value the companies.  It reminds him of the .com bubble.  Heavy users will grow their own and the government price that is set will be unsustainable.  The whole thing is a complete bubble.  It will end in tears.

Unknown
David Baskin

President, Baskin Wealth Manage...

PricePrice
$0.020
Owned Owned
No

Must be logged in to use chart
DON'T BUY
General Market Comment 

January 4, 2018

Negative Sectors.  Sector allocation should precede stock selection.  Be wary of oil sands.  Frackers will get back into business in the US and oil prices will be down by the middle of the year.  Don’t own oil production.  Don’t own precious metals.  Gas is better than oil.  Cryptic currency does not form a part of his portfolio.

Negative Sectors.  Sector allocation should precede stock selection.  Be wary of oil sands.  Frackers will get back into business in the US and oil prices will be down by the middle of the year.  Don’t own oil production.  Don’t own precious metals.  Gas is better than oil.  Cryptic currency does not form a part of his portfolio.

Unknown
David Baskin

President, Baskin Wealth Manage...

PricePrice
$0.020
Owned Owned
No

Must be logged in to use chart
PAST TOP PICK

(A Top Pick Jan 4/17, Down 6%)  He thought the street might recognize its value.  He got his money back but decided he could do better elsewhere.

insurance

(A Top Pick Jan 4/17, Down 6%)  He thought the street might recognize its value.  He got his money back but decided he could do better elsewhere.

insurance
David Baskin

President, Baskin Wealth Manage...

PricePrice
$60.400
Owned Owned
Yes

Must be logged in to use chart
BUY

Performance of this stock has everything to do with interest rates.  Interest sensitive issues are down.  This is a good opportunity to buy more.  It is not going away and has a nice dividend.  It has good growth. 

electrical utilities

Performance of this stock has everything to do with interest rates.  Interest sensitive issues are down.  This is a good opportunity to buy more.  It is not going away and has a nice dividend.  It has good growth. 

electrical utilities
David Baskin

President, Baskin Wealth Manage...

PricePrice
$13.280
Owned Owned
Unknown

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BUY

He views the management as the best asset managers in Canada and among the best in the world.  They are continually successful in raising more pools of capital.  When they raise these pools, they get a management fee as well a percentage of the profits when the project is sold.  The latter is not recognized in the stock price.  The dividend will tend to rise as it flows up from the companies beneath it.  A key hold for every Canadian investor.

management/diversified

He views the management as the best asset managers in Canada and among the best in the world.  They are continually successful in raising more pools of capital.  When they raise these pools, they get a management fee as well a percentage of the profits when the project is sold.  The latter is not recognized in the stock price.  The dividend will tend to rise as it flows up from the companies beneath it.  A key hold for every Canadian investor.

management/diversified
David Baskin

President, Baskin Wealth Manage...

PricePrice
$54.580
Owned Owned
Unknown

Must be logged in to use chart
BUY
BCE Inc.(BCE-T) 

January 4, 2018

He is confident with it because of the size and scope of its operations.  Yield is about 5.1% and keeps rising, even if the stock has not done much.  This is the telco to own.

telephone utilities

He is confident with it because of the size and scope of its operations.  Yield is about 5.1% and keeps rising, even if the stock has not done much.  This is the telco to own.

telephone utilities
David Baskin

President, Baskin Wealth Manage...

PricePrice
$59.490
Owned Owned
Unknown

Must be logged in to use chart
TOP PICK
Becton Dickinson(BDX-N) 

January 4, 2018

Their acquisition closed at the end of the year and they now have a commanding position.  They will have great pricing power.  They are well managed.  (Analysts’ target: $245.00).

biotechnology/pharmaceutical

Their acquisition closed at the end of the year and they now have a commanding position.  They will have great pricing power.  They are well managed.  (Analysts’ target: $245.00).

biotechnology/pharmaceutical
David Baskin

President, Baskin Wealth Manage...

PricePrice
$220.990
Owned Owned
Yes

Must be logged in to use chart
BUY

He still likes it.  They had a change of ownership.  They seem to be steady.  He has a lot of clients at 70 that want to sell their house and move into an apartment.  But there are insufficient apartments.

investment companies/funds

He still likes it.  They had a change of ownership.  They seem to be steady.  He has a lot of clients at 70 that want to sell their house and move into an apartment.  But there are insufficient apartments.

investment companies/funds
David Baskin

President, Baskin Wealth Manage...

PricePrice
$36.570
Owned Owned
Unknown

Must be logged in to use chart
BUY
CCL Industries (B)(CCL.B-T) 

January 4, 2018

It has grown quickly by acquisitions all over the world and may have gotten ahead of itself on price.  It has come down a bit.  The value here is very strong.  Management is very strong.  It is a good entry level at this price.

packaging/containers

It has grown quickly by acquisitions all over the world and may have gotten ahead of itself on price.  It has come down a bit.  The value here is very strong.  Management is very strong.  It is a good entry level at this price.

packaging/containers
David Baskin

President, Baskin Wealth Manage...

PricePrice
$56.190
Owned Owned
Yes

Must be logged in to use chart
BUY
Cineplex Inc(CGX-T) 

January 4, 2018

It was considerably higher a year and a half ago.  The fundamental question is if people will keep going to movies.  He thinks they will.  People want that experience.  CGX hedged their bets in a number of ways.  They have VIP seats for a custom sandwich with wine.  There is the Rec Room.  There is Cineplex TV showing on escalators.  2013 was the third highest box office ever.  It always traded at a high multiple.  It has come down now and the dividend is more reasonable.  It is very smart management.

other services

It was considerably higher a year and a half ago.  The fundamental question is if people will keep going to movies.  He thinks they will.  People want that experience.  CGX hedged their bets in a number of ways.  They have VIP seats for a custom sandwich with wine.  There is the Rec Room.  There is Cineplex TV showing on escalators.  2013 was the third highest box office ever.  It always traded at a high multiple.  It has come down now and the dividend is more reasonable.  It is very smart management.

other services
David Baskin

President, Baskin Wealth Manage...

PricePrice
$38.050
Owned Owned
Unknown

Must be logged in to use chart
DON'T BUY

It is an industry that is changing rapidly.  The pricing model and paradigms are changing rapidly.  It is difficult to know how valuable the assets in the corporation are and what pricing power they will have.  He thinks the dividend is at risk.

entertainment services

It is an industry that is changing rapidly.  The pricing model and paradigms are changing rapidly.  It is difficult to know how valuable the assets in the corporation are and what pricing power they will have.  He thinks the dividend is at risk.

entertainment services
David Baskin

President, Baskin Wealth Manage...

PricePrice
$11.610
Owned Owned
Unknown

Must be logged in to use chart
BUY

It has been playing second fiddle to CP-T for the last 5 years.  It has always been the more efficient of the railways throughout North America.  There is no reason it can’t go to $110.  It is a solid play, but not for fast money.

Transportation

It has been playing second fiddle to CP-T for the last 5 years.  It has always been the more efficient of the railways throughout North America.  There is no reason it can’t go to $110.  It is a solid play, but not for fast money.

Transportation
David Baskin

President, Baskin Wealth Manage...

PricePrice
$105.310
Owned Owned
Unknown

Must be logged in to use chart
STRONG BUY
Enbridge(ENB-T) 

January 4, 2018

ENB-T vs. IPL-T.  Oil pipelines are not going away and pipelines are safer than rail.  The question is where interest rates are going because people buy them for the dividend.  He believes rates are not going up very far so the yields remain quite compelling.  A Pipeline should be a key part of every portfolio and ENB-T would be his preferred because it has been so beaten up and the yield is higher.

oil/gas pipelines

ENB-T vs. IPL-T.  Oil pipelines are not going away and pipelines are safer than rail.  The question is where interest rates are going because people buy them for the dividend.  He believes rates are not going up very far so the yields remain quite compelling.  A Pipeline should be a key part of every portfolio and ENB-T would be his preferred because it has been so beaten up and the yield is higher.

oil/gas pipelines
David Baskin

President, Baskin Wealth Manage...

PricePrice
$50.980
Owned Owned
Unknown

Must be logged in to use chart
BUY
High Liner Foods(HLF-T) 

January 4, 2018

There are a lot of moving parts.  They made a major acquisition and were immediately faced with a recall.  So they brought back the former CEO.  They have put the product questions behind them.  But the market has really lost confidence in the company.  They are quite inexpensive.  The price can be volatile because of liquidity.  He would hold it and see how the returning CEO changes things.

Consumer Products

There are a lot of moving parts.  They made a major acquisition and were immediately faced with a recall.  So they brought back the former CEO.  They have put the product questions behind them.  But the market has really lost confidence in the company.  They are quite inexpensive.  The price can be volatile because of liquidity.  He would hold it and see how the returning CEO changes things.

Consumer Products
David Baskin

President, Baskin Wealth Manage...

PricePrice
$14.950
Owned Owned
Yes

Must be logged in to use chart
BUY
Inter Pipeline(IPL-T) 

January 4, 2018

ENB-T vs. IPL-T.  Oil pipelines are not going away and pipelines are safer than rail.  The question is where interest rates are going because people buy them for the dividend.  He believes rates are not going up very far so the yields remain quite compelling.  A Pipeline should be a key part of every portfolio and ENB-T would be his preferred because it has been so beaten up and the yield is higher.

oil pipelines

ENB-T vs. IPL-T.  Oil pipelines are not going away and pipelines are safer than rail.  The question is where interest rates are going because people buy them for the dividend.  He believes rates are not going up very far so the yields remain quite compelling.  A Pipeline should be a key part of every portfolio and ENB-T would be his preferred because it has been so beaten up and the yield is higher.

oil pipelines
David Baskin

President, Baskin Wealth Manage...

PricePrice
$26.110
Owned Owned
Unknown

Must be logged in to use chart
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