David Cockfield
Managing Director at Northland Wealth Management
Member since: Apr '01 · 3298 Opinions
Rating Card
Premium content| All | 
Rating
| 
Big Win
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Win
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Neutral
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Loss
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Big Loss
|  |
|---|---|---|---|---|---|---|---|
| 4.18 | 106 19.13% | 158 28.52% | 151 27.26% | 91 16.43% | 48 8.66% | ||
| 1 Month | 3.8 | 2 1.80% | 21 18.92% | 67 60.36% | 20 18.02% | 1 0.90% | |
| 6 Months | 4.11 | 7 6.31% | 38 34.23% | 35 31.53% | 26 23.42% | 5 4.50% | |
| 12 Months | 4.18 | 13 11.71% | 39 35.14% | 31 27.93% | 20 18.02% | 8 7.21% | |
| 2 Years | 4.29 | 25 22.52% | 45 40.54% | 11 9.91% | 15 13.51% | 15 13.51% | |
| 5 Years | 4.52 | 59 53.64% | 15 13.64% | 7 6.36% | 10 9.09% | 19 17.27% |
Stock Opinions by David Cockfield
COMMENT
He thinks there could be some problems with the coronavirus, but China is better organized that during SARS. The tricky part is the longer incubation period that helps the virus spread. China has shut everything down, and it's interesting to see how this pans out. Canada and the US are on guard, but it's not like SARS. It's more a Chinese problem generally but they will over come it.
COMMENT
He wonders if consumption will fall because of the virus. If you're nervous about your energy stocks, people might jump off. Energy stocks might not perform until the anti-fossil fuel group gets rid of all their positions. The sector is super cheap, but they could stay cheap for quite a while. Energy is not partaking in the lift that we see in other sectors.
COMMENT
The company and the stock has suffered because people feel Rona, Lowes and Home Depot will trampled them. One of the things they have is great locations. They are located in places other big-box stores can't get in. They are also very competitive and they have great selections for new Canadians. They are well positioned to compete with others. The stores are individually managed so they have a lot of say what is on their shelves.
specialty stores
BUY ON WEAKNESS
He would hold off. It's a good, nimble company that has good strategies and takeovers. They have continued to go down, however. There is weakness in commodity prices, though they are good operators. They trade at a higher multiple than others. You could probably start to participate at these prices, but there are mixed feelings in the fertilizer sector. Last year there was a lot of problems that impacted farm income. The need for better fertilizer is still there so they will do alright in the long-run. You could average into this stock.
agriculture
BUY
He typically uses a hedge to protect when investing in Europe and international. ZEQ is a high quality EU index that is hedged to the Canadian dollar. It's performed quite well. It's all big companies, including Nestle, health companies and you're in multinationals that are not purely European. There is also UK representation that risks doing better with Brexit.
E.T.F.'s
DON'T BUY
A well-run company that pays a reasonable dividend. Until the sell-off in energy sector stocks finishes, which he thinks isn't over, he would steer clear. It needs to build a better base before he would enter. Some of the multiples are attractive but the fossil fuel sell-off is still underway. With the warm winter, natural gas consumption could also be depressed. Dividend at 8.5%.
oil
gas
