Opinions by Michael Smedley | StockChase
3382
Michael Smedley

Exec VP & Chief Investment Officer

ON STOCKCHASE SINCE Aug 2001

Morgan Meighan & Associates


Opinions by Michael Smedley


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2017-11-17

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

Market. He is christening this “The Year of the Repetition”. Feels we are going to see oil and gas pretty much the same. Oil and gas stocks have not really helped the market, but the rest are doing quite well. Mining is humming a bit. It’s at the lower end of things because we don’t have big mining companies any more. Banks will just plow on, so don’t bother to trade them. 

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.020
Owned: _N/A

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2017-11-17

TOP PICK
Bombardier Inc (B) (BBD.B-T)

There is an amazing saga of the great bully Boeing (BA-N) trying to crush the situation, but it appears to have reversed on them somewhat. Great technology. Everybody is bored stiff with the delays on this brilliant plane. Now you have the great strength of the Airbus to carry on through. Thinks you are going to see deal after deal on the world stage. (Analysts’ price target is $3.50.)

transportation equip & components
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $3.100
Owned: Yes

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2017-11-17

COMMENT
Cott Corp (BCB-T)

Has been out of this for a long time. It moved into a new era of water, and probably tea and coffee as well. It’s worth looking at again.

food processing
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $21.650
Owned: No

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2017-11-17

COMMENT
Bee Vectoring Technologies International (BEE-X)

If there ever was an extreme niche, this is it. They gather the pollen and special powders to deal with the fields and nasty pesticides. 90% of the world’s commercial greenhouses actually buy hives of bees.

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.275
Owned: Yes

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2017-11-17

BUY
Brookfield Infrastucture Partners (BIP.UN-T)

Which Brookfield subsidiary would you recommend for a 4-5 year hold? If you like dividends while waiting, this is one he would recommend.

INDUSTRIAL PRODUCTS
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $56.270
Owned: Yes

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2017-11-17

COMMENT
Canadian Utilities (CU-T)

Has held this for very long time. 3.8% dividend yield. Very low risk.

electrical/electronic
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $37.940
Owned: Yes

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2017-11-17

HOLD
Canadian Western Bank (CWB-T)

Although located in the West, the company is not dependent on oil and gas. They’ve been doing well. Have broken into eastern Canada a little. It is probably worth holding. 2.7% dividend yield.

banks
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $35.310
Owned: Unknown

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2017-11-17

COMMENT
Enbridge (ENB-T)

Trying to get producers to market, and the producers have amalgamated and improved things, but the overall effect is not really helping. A very inventive and innovative company. It’s the most aggressive of the Canadian pipeline companies. 5.5% dividend yield.

oil/gas pipelines
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $44.860
Owned: Yes

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2017-11-17

COMMENT
Fairfax India Holdings Corp (FIH.U-T)

He likes this. Hasn’t bothered to look at it because it is a marvellous creation by highly skilled people. Prem Watsa himself is originally from India. It’s not simply a fund holding Indian assets, it is inventing, contriving in a sense, and has bought out companies. Thinks it is going to continue to be very good.

E.T.F.'s
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $15.700
Owned: Yes

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2017-11-17

COMMENT
Fortune Minerals Ltd. (FT-T)

Cobalt. He was told to wait for the very high quality nickel, as the battery of the future will be nickel, lithium, etc., which gave him a sense of cobalt receding a bit. They are also big in bismuth.

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.185
Owned: Yes

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2017-11-17

PAST TOP PICK
Knight Therapeutics (GUD-T)

(A Top Pick Dec 14/16. Down 19%.) Jonathan Goodman is a man of great patience and enormous wealth, which he got out of his first company. You have to be patient with this. 

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $8.070
Owned: Yes

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2017-11-17

TOP PICK
Hudson Bay Co. (HBC-T)

Richard Baker is regarded as the best man in the ghastly department store sector. Had a meeting about a month ago and it was intriguing to hear him talk. He is very creative, and expected to create more things. Dividend yield of 0.4%. (Analysts’ price target is $13.75.)

department stores
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $11.290
Owned: No

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2017-11-17

COMMENT
Hudbay Minerals Inc. (HBM-T)

Hudbay (HBM-T) or Lundin Mining (LUN-T)? The great, great history going back in time is this one. The shorter-term great history is Lundin, and has been much more active on the world scene. Very successful and one of the few decent sized names. We are not marching to great heights with these companies. He holds both.

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $9.810
Owned: Yes

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2017-11-17

COMMENT
Hardwoods Distribution (HWD-T)

Value play or value trap? This is not a value trap. It builds wonderful kitchenware and stuff to entrap the American consumers. He’s in this for the long-term.

merchandising/lodging
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $19.580
Owned: Yes

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2017-11-17

COMMENT
Katanga Mining Ltd. (KAT-T)

The foremost listed quoted viable cobalt stock globally. Utterly controlled by Glencore, who are masters at their trade and own other assets in cobalt, mainly in the Congo. This one has made a big, recent liftoff. They’ve improved processing facilities and have greater capacity. It’s a matter of them knowing how to play the African game.

metal mines
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $1.260
Owned: Yes

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