Bruce Campbell (1)
Member since: May '01
President at
Campbell and Lee InvMngmnt
Campbell and Lee InvMngmnt
4010 Opinions
Latest Top Picks
(A Top Pick Jan 03/19, Up 14%) The only REIT that trades at a discount to NAV. The yield is 6%. It has another 10% in it plus the yield. They have Calgary office space exposure, but they still get paid by Encana.
(A Top Pick Jan 03/19, Up 9%) They've had some soft quarters as the potash market adjusts with global growth slowing. The first potash deal with India this year was just signed for $10/ton under market, though the market expected $20 under. The stock has been choppy. Buy below $65, and you can sell around $72-73 as a trade. He's sticking with it. But NTR has lagged the TSX in 2019.
(A Top Pick Jan 03/19, Up 4%) Pays big 5-6% dividends without needing to worry about Canadian pipeline politics. Oil is starting to move up again. He's sticking with this.
They have the Star Wars movie coming and Disney+ launches on Nov. 12. They have 40 million US cable customers, and they will all get a free introductory streamng subscription. Not to mention, Disney has their theme parks and ESPN. The stock has pulled back, so it's a good time to enter. (Analysts’ price target is $153.71)
They've been absorbing some acquisitions, including a wealth management one that's 50/50 Canadian/international. The latter will counter the soft global growth; looks pretty good. It went down last year, but will return to the low-80s. (Analysts’ price target is $77.13)
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COMMENT
COMMENT
October 29, 2019
The U.S. is doing better than we are, because Canada has a resource--and now, a gold--drag. Gold has pulled back recently like yesterday. Some TSX sectors are cheap. Financials are fine, for instance; Canadian banks do well in recessions as they manage risk well. So, you will do well with banks, long term though they haven't done well in the past 18 months due to flat rates and mortgage worries.
The U.S. is doing better than we are, because Canada has a resource--and now, a gold--drag. Gold has pulled back recently like yesterday. Some TSX sectors are cheap. Financials are fine, for instance; Canadian banks do well in recessions as they manage risk well. So, you will do well with banks, long term though they haven't done well in the past 18 months due to flat rates and mortgage worries.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
BUY WEAKNESS
BUY WEAKNESS
October 29, 2019
A long-term hold. He's been buying around $28, though has moved above $30 today. A profit warning last quarter led to a pullback and buying opportunity. They've had a checkered past 12 months, but it's okay moving forward. It's a play on iPhone's continued growth. Now, it's a dollar away from an entry point.
A long-term hold. He's been buying around $28, though has moved above $30 today. A profit warning last quarter led to a pullback and buying opportunity. They've had a checkered past 12 months, but it's okay moving forward. It's a play on iPhone's continued growth. Now, it's a dollar away from an entry point.
misc industrial products
HOLD
HOLD
October 29, 2019
He owns no food retailers; it's a tough space with no inflation which limits margins. But Metro is the best of the group and a fine operator. Buy at $50.
He owns no food retailers; it's a tough space with no inflation which limits margins. But Metro is the best of the group and a fine operator. Buy at $50.
food stores
BUY WEAKNESS
BUY WEAKNESS
October 29, 2019
It's suffering. It's a "black box" with insurance and investment sides; the latter has had a checkered performance. It had a big dip in the past 12 months. It does well in relatively poor markets, though. Maybe it's a buy on a pullback.
It's suffering. It's a "black box" with insurance and investment sides; the latter has had a checkered performance. It had a big dip in the past 12 months. It does well in relatively poor markets, though. Maybe it's a buy on a pullback.
insurance
DON'T BUY
DON'T BUY
October 29, 2019
BB disappointed on earnings recently. The long-term chart is flat over 5 years. It's been a bit of a struggle to turnaround for them. It nearly reached $16. But it's worth a re-look, now that it's this low. He's out of touch with the stock though. Do some homework then consider it, because the assets alone may be worth more than the current stock price.
BB disappointed on earnings recently. The long-term chart is flat over 5 years. It's been a bit of a struggle to turnaround for them. It nearly reached $16. But it's worth a re-look, now that it's this low. He's out of touch with the stock though. Do some homework then consider it, because the assets alone may be worth more than the current stock price.
electrical/electronic
BUY
BUY
October 29, 2019
Been rolling over lately. Is there running room to come? Yes, it has rolled over, because they raised money to pay down debt. Now is a buying opportunity. It probably won't jump another third to $24, but the dividend offers a good return. Buy below $18. It needs a US acquisition that they're planning to push the stock up.
Been rolling over lately. Is there running room to come? Yes, it has rolled over, because they raised money to pay down debt. Now is a buying opportunity. It probably won't jump another third to $24, but the dividend offers a good return. Buy below $18. It needs a US acquisition that they're planning to push the stock up.
electrical utilities
COMMENT
COMMENT
October 29, 2019
It's done very well. He knows the CEO. It was fully valued until the recent pullback. Their businesses are recession-proof, but the multiple has grown high.
It's done very well. He knows the CEO. It was fully valued until the recent pullback. Their businesses are recession-proof, but the multiple has grown high.
other services
HOLD
HOLD
October 29, 2019
A long-term hold. It's the safest Brookfield stock. It was undervalued the past 12 months and now is fully valued. Expect single-digit returns from here on. He wouldn't buy until this falls to $64-65.
A long-term hold. It's the safest Brookfield stock. It was undervalued the past 12 months and now is fully valued. Expect single-digit returns from here on. He wouldn't buy until this falls to $64-65.
management/diversified
PAST TOP PICK
PAST TOP PICK
October 29, 2019
(A Top Pick Jan 03/19, Up 14%) The only REIT that trades at a discount to NAV. The yield is 6%. It has another 10% in it plus the yield. They have Calgary office space exposure, but they still get paid by Encana.
(A Top Pick Jan 03/19, Up 14%) The only REIT that trades at a discount to NAV. The yield is 6%. It has another 10% in it plus the yield. They have Calgary office space exposure, but they still get paid by Encana.
property mngmnt/investment
PAST TOP PICK
PAST TOP PICK
October 29, 2019
(A Top Pick Jan 03/19, Up 9%) They've had some soft quarters as the potash market adjusts with global growth slowing. The first potash deal with India this year was just signed for $10/ton under market, though the market expected $20 under. The stock has been choppy. Buy below $65, and you can sell around $72-73 as a trade. He's sticking with it. But NTR has lagged the TSX in 2019.
(A Top Pick Jan 03/19, Up 9%) They've had some soft quarters as the potash market adjusts with global growth slowing. The first potash deal with India this year was just signed for $10/ton under market, though the market expected $20 under. The stock has been choppy. Buy below $65, and you can sell around $72-73 as a trade. He's sticking with it. But NTR has lagged the TSX in 2019.
agriculture
PAST TOP PICK
PAST TOP PICK
October 29, 2019
(A Top Pick Jan 03/19, Up 4%) Pays big 5-6% dividends without needing to worry about Canadian pipeline politics. Oil is starting to move up again. He's sticking with this.
(A Top Pick Jan 03/19, Up 4%) Pays big 5-6% dividends without needing to worry about Canadian pipeline politics. Oil is starting to move up again. He's sticking with this.
Energy
DON'T BUY
DON'T BUY
October 29, 2019
Well-managed, but Canadian energy has a big strike against it. Most are trading at 3-4x cash flow, which are 15-year lows. Even when there is enthusiasm for oil, the senior oil stocks will move up before these do. Investors don't care about oil stocks now.
Well-managed, but Canadian energy has a big strike against it. Most are trading at 3-4x cash flow, which are 15-year lows. Even when there is enthusiasm for oil, the senior oil stocks will move up before these do. Investors don't care about oil stocks now.
oil/gas
SELL STRENGTH
SELL STRENGTH
October 29, 2019
Our version of Caterpillar. If global growth continues to slow, the environment for Finning will be difficult. They have a 6-9-month window now. If Trump wins in 2020, he would take pot shots at China which will lead to a global recession that will really fit Finning. If this pops in the coming months, sell it.
Our version of Caterpillar. If global growth continues to slow, the environment for Finning will be difficult. They have a 6-9-month window now. If Trump wins in 2020, he would take pot shots at China which will lead to a global recession that will really fit Finning. If this pops in the coming months, sell it.
wholesale distributors
DON'T BUY
Unknown
DON'T BUY
DON'T BUY
October 29, 2019
He was an early adopter to their meatless products, given his wife's medical condition. He likes their burgers. But their stock got crazy. It's down $20 today. It was inevitable they would pull back from $150. 75% of the shares outstanding are no eligible for sale, a huge percentage. This stock will churn for a while. He may buy if it falls far enough. There's also competition to consider.
He was an early adopter to their meatless products, given his wife's medical condition. He likes their burgers. But their stock got crazy. It's down $20 today. It was inevitable they would pull back from $150. 75% of the shares outstanding are no eligible for sale, a huge percentage. This stock will churn for a while. He may buy if it falls far enough. There's also competition to consider.
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