Opinions by David Baskin | StockChase
4265
David Baskin

President

ON STOCKCHASE SINCE Feb 2001

Baskin Wealth Management

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

4265
David Baskin

President

ON STOCKCHASE SINCE Feb 2001

Baskin Wealth Management

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


Opinions by David Baskin


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General Market Comment 

November 14, 2017

Market. Earnings were very strong across the industries, and went a fair distance towards justifying the rally that we have seen in equities in 2017. The Fed Chairman is dovish on interest rates and for good reason. As economies around the world have strengthened, Europe is probably doing better now than it has in the last 10 years, we are seeing no signs of inflation anywhere.

Market. Earnings were very strong across the industries, and went a fair distance towards justifying the rally that we have seen in equities in 2017. The Fed Chairman is dovish on interest rates and for good reason. As economies around the world have strengthened, Europe is probably doing better now than it has in the last 10 years, we are seeing no signs of inflation anywhere.

Unknown
David Baskin

President, Baskin Wealth Manage...

PricePrice
$0.020
Owned Owned
_N/A

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N/A
General Market Comment 

November 14, 2017

How do ethical questions involved with owning marijuana stocks compared with those involved with owning tobacco stocks? Has an aging client base in part, with no fewer than 5 who have Parkinsons. 3 of them are taking medical marijuana which is alleviating their symptoms. He has nothing against the ethical use of marijuana for medical purposes. Also probably doesn’t have much against non-medical uses for recreational purposes.

How do ethical questions involved with owning marijuana stocks compared with those involved with owning tobacco stocks? Has an aging client base in part, with no fewer than 5 who have Parkinsons. 3 of them are taking medical marijuana which is alleviating their symptoms. He has nothing against the ethical use of marijuana for medical purposes. Also probably doesn’t have much against non-medical uses for recreational purposes.

Unknown
David Baskin

President, Baskin Wealth Manage...

PricePrice
$0.020
Owned Owned
_N/A

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BUY
General Market Comment 

November 14, 2017

Canadian Banks. Their year-end is October 31, and we haven’t seen results yet. He predicts the Canadian banks have all made a bunch of money for their year end, and a number of them are going to raise their dividend. There should be pretty good trading revenues in the 4th quarter. You have to own Canadian banks.

Canadian Banks. Their year-end is October 31, and we haven’t seen results yet. He predicts the Canadian banks have all made a bunch of money for their year end, and a number of them are going to raise their dividend. There should be pretty good trading revenues in the 4th quarter. You have to own Canadian banks.

Unknown
David Baskin

President, Baskin Wealth Manage...

PricePrice
$0.020
Owned Owned
Unknown

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COMMENT
AGF Management (B)(AGF.B-T) 

November 14, 2017

People were worried about their survival. They have survived, but thinks it is not a great industry right now. They are having trouble gaining assets. Fees are still under pressure, which means margins are under pressure. He wouldn’t rush out to buy the stock.

investment companies/funds

People were worried about their survival. They have survived, but thinks it is not a great industry right now. They are having trouble gaining assets. Fees are still under pressure, which means margins are under pressure. He wouldn’t rush out to buy the stock.

investment companies/funds
David Baskin

President, Baskin Wealth Manage...

PricePrice
$8.210
Owned Owned
No

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TOP PICK
BCE Inc.(BCE-T) 

November 14, 2017

In Canada, more than half your total return comes from dividends. The government has been kind enough to give us a tax break on dividends. In this high tax era, we should take advantage. The company is growing their wireless business and we are all using more data all the time. We are going to be using a lot more data when we all have autonomous cars. Dividend yield of 4.7%. (Analysts’ price target is $62.)

telephone utilities

In Canada, more than half your total return comes from dividends. The government has been kind enough to give us a tax break on dividends. In this high tax era, we should take advantage. The company is growing their wireless business and we are all using more data all the time. We are going to be using a lot more data when we all have autonomous cars. Dividend yield of 4.7%. (Analysts’ price target is $62.)

telephone utilities
David Baskin

President, Baskin Wealth Manage...

PricePrice
$61.560
Owned Owned
Yes

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TOP PICK

Of all the Brookfield spinoffs, this has been one of the best. It has all kinds of infrastructures such as utilities, timber, transportation, energy, communications, water. Funds from Operations is growing at 20% per year. This is the kind of stock everybody should own. Dividend yield of 4%. (Analysts’ price target is $47.)

INDUSTRIAL PRODUCTS

Of all the Brookfield spinoffs, this has been one of the best. It has all kinds of infrastructures such as utilities, timber, transportation, energy, communications, water. Funds from Operations is growing at 20% per year. This is the kind of stock everybody should own. Dividend yield of 4%. (Analysts’ price target is $47.)

INDUSTRIAL PRODUCTS
David Baskin

President, Baskin Wealth Manage...

PricePrice
$55.740
Owned Owned
Yes

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COMMENT
CAE Inc(CAE-T) 

November 14, 2017

There is a huge wave of tourism, particularly in Asia. Group tours, from the growing economy is driving the demand for aircraft. There is a shortage of trained commercial pilots, and this company should be a beneficiary of that. However, they have a history of not doing as well as people think they should do. He is not sure this is the right player.

transportation equip & components

There is a huge wave of tourism, particularly in Asia. Group tours, from the growing economy is driving the demand for aircraft. There is a shortage of trained commercial pilots, and this company should be a beneficiary of that. However, they have a history of not doing as well as people think they should do. He is not sure this is the right player.

transportation equip & components
David Baskin

President, Baskin Wealth Manage...

PricePrice
$22.200
Owned Owned
No

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COMMENT

There is a huge shortage of rentable apartments, particularly in Toronto. Rents keep going up. With the extension of rent control to newly built buildings in Ontario, no one is going to build anymore apartments. That has been great for this company.

investment companies/funds

There is a huge shortage of rentable apartments, particularly in Toronto. Rents keep going up. With the extension of rent control to newly built buildings in Ontario, no one is going to build anymore apartments. That has been great for this company.

investment companies/funds
David Baskin

President, Baskin Wealth Manage...

PricePrice
$36.800
Owned Owned
Unknown

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COMMENT
Cogeco Cable(CCA-T) 

November 14, 2017

He has nothing in particular against this stock, but look at his Top Picks. Dividend yield of 1.8%. (See Top Picks.)

Cable

He has nothing in particular against this stock, but look at his Top Picks. Dividend yield of 1.8%. (See Top Picks.)

Cable
David Baskin

President, Baskin Wealth Manage...

PricePrice
$87.500
Owned Owned
Unknown

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COMMENT
Emera Inc(EMA-T) 

November 14, 2017

This is never going to blow the doors off, but at the same time it is never going to blow up. The dividend has a tendency to rise over time. If you can make 6%-8% with a combination of dividend and capital gain over time, that’s not so bad. The kind of stock that should be a foundation for most portfolios. Dividend yield of 4.76%.

mngmnt/diversified

This is never going to blow the doors off, but at the same time it is never going to blow up. The dividend has a tendency to rise over time. If you can make 6%-8% with a combination of dividend and capital gain over time, that’s not so bad. The kind of stock that should be a foundation for most portfolios. Dividend yield of 4.76%.

mngmnt/diversified
David Baskin

President, Baskin Wealth Manage...

PricePrice
$47.300
Owned Owned
Unknown

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COMMENT
Enbridge(ENB-T) 

November 14, 2017

A stock people want to stick in their portfolios in the hope that the price will gradually go up. In the meantime, they are getting the dividend. It had some performance issues lately and the stock suffered. He would prefer something like Fortis (FTS-T), Canadian Utilities (CU-T), Pembina Pipeline (PPL-T) or Keyera (KEY-T), which have good dividends. Dividend yield of 5.5%.

oil/gas pipelines

A stock people want to stick in their portfolios in the hope that the price will gradually go up. In the meantime, they are getting the dividend. It had some performance issues lately and the stock suffered. He would prefer something like Fortis (FTS-T), Canadian Utilities (CU-T), Pembina Pipeline (PPL-T) or Keyera (KEY-T), which have good dividends. Dividend yield of 5.5%.

oil/gas pipelines
David Baskin

President, Baskin Wealth Manage...

PricePrice
$44.540
Owned Owned
No

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TOP PICK

These companies are old, but are not stupid. This company has $6 billion of positive cash flow this year. Compare that to Tesla which has $4 billion of negative cash flow. General Motors has the capacity, the intelligence and the engineering. The stock is trading at a ridiculous PE multiple of 7X. They are finally making money in all their markets, including Europe for the first time in 20 years. Dividend yield of 3.5%. (Analysts’ price target is $48.)

Automotive

These companies are old, but are not stupid. This company has $6 billion of positive cash flow this year. Compare that to Tesla which has $4 billion of negative cash flow. General Motors has the capacity, the intelligence and the engineering. The stock is trading at a ridiculous PE multiple of 7X. They are finally making money in all their markets, including Europe for the first time in 20 years. Dividend yield of 3.5%. (Analysts’ price target is $48.)

Automotive
David Baskin

President, Baskin Wealth Manage...

PricePrice
$43.000
Owned Owned
Yes

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COMMENT
Canada Goose Holdings(GOOS-T) 

November 14, 2017

Their products have a lot of buzz, and accordingly the stock price has some fluff in it. The stock is quite expensive. He would be cautious at this price.

clothing

Their products have a lot of buzz, and accordingly the stock price has some fluff in it. The stock is quite expensive. He would be cautious at this price.

clothing
David Baskin

President, Baskin Wealth Manage...

PricePrice
$31.000
Owned Owned
No

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DON'T BUY

Founded by 2 people who were geniuses in the business of managing money for high net worth families. The stock has struggled. The company makes its money by charging a fee on assets under management, but also by charging a participation fee on profits. Increasingly, high net worth families are resisting paying participation, simply because they don’t have to. Because of this, the company has difficulty in expanding its asset base and producing the kind of profits investors want to see.

Financial Services

Founded by 2 people who were geniuses in the business of managing money for high net worth families. The stock has struggled. The company makes its money by charging a fee on assets under management, but also by charging a participation fee on profits. Increasingly, high net worth families are resisting paying participation, simply because they don’t have to. Because of this, the company has difficulty in expanding its asset base and producing the kind of profits investors want to see.

Financial Services
David Baskin

President, Baskin Wealth Manage...

PricePrice
$15.480
Owned Owned
No

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

November 14, 2017

This has not been one of his great, shining picks in the last 2 years. He made a fortune on the stock in the early part of the decade. Unfortunately, they took part of it back. Poor execution on a recent acquisition of a shrimp company in south east Asia, and they had some product recalls that really hammered earnings. Their 4th quarter was better. He hasn’t given up on this yet.

Consumer Products

This has not been one of his great, shining picks in the last 2 years. He made a fortune on the stock in the early part of the decade. Unfortunately, they took part of it back. Poor execution on a recent acquisition of a shrimp company in south east Asia, and they had some product recalls that really hammered earnings. Their 4th quarter was better. He hasn’t given up on this yet.

Consumer Products
David Baskin

President, Baskin Wealth Manage...

PricePrice
$13.310
Owned Owned
Yes

Must be logged in to use chart
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