Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
April 4, 2006
Cut their distributions resulting in a drop of the share price. Has benefited from the government's turnaround on trusts. Company is focused on office retail/industrial, in Canada and the US and are now divesting their US assets.
Cut their distributions resulting in a drop of the share price. Has benefited from the government's turnaround on trusts. Company is focused on office retail/industrial, in Canada and the US and are now divesting their US assets.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$8.600
Owned
Unknown
DON'T BUY
DON'T BUY
April 4, 2006
Tremendous free cash flow business. There is a litigation risk and also, their focus is on private labels which is a lower margin business because of competition. As people get used to the cheaper generic cigarettes, they will have to cannibalise their high premium cigarettes.
Rothmans Inc (ROC-T)
April 4, 2006
Tremendous free cash flow business. There is a litigation risk and also, their focus is on private labels which is a lower margin business because of competition. As people get used to the cheaper generic cigarettes, they will have to cannibalise their high premium cigarettes.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$20.300
Owned
No
BUY
BUY
April 4, 2006
Telecommunication industry is competitive. Out of all of them, this is the best. Have done a really great job on their wireless. Have run their debt to EBITDA down to 1.7%. They have increased dividends and buy back shares. They have about $1 billion in free cash flow.
Telus Corp (T-T)
April 4, 2006
Telecommunication industry is competitive. Out of all of them, this is the best. Have done a really great job on their wireless. Have run their debt to EBITDA down to 1.7%. They have increased dividends and buy back shares. They have about $1 billion in free cash flow.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$45.400
Owned
Unknown
DON'T BUY
DON'T BUY
April 4, 2006
Telecommunication industry is competitive. This company has done a really great job in growing their wireless and getting into VOIP voice over Internet. Now giving competition to rivals on landlines through their Sprint acquisition. Because of competition, all of them will struggle to raise prices on their products.
Telecommunication industry is competitive. This company has done a really great job in growing their wireless and getting into VOIP voice over Internet. Now giving competition to rivals on landlines through their Sprint acquisition. Because of competition, all of them will struggle to raise prices on their products.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$43.610
Owned
Unknown
COMMENT
COMMENT
April 4, 2006
Basically nursing and retirement homes. They have an occupancy rate of about 82% in Ontario. Their debt to asset ratio is around 75% which is getting problematic.
Basically nursing and retirement homes. They have an occupancy rate of about 82% in Ontario. Their debt to asset ratio is around 75% which is getting problematic.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$9.870
Owned
Unknown
DON'T BUY
DON'T BUY
April 4, 2006
The telecom sector in Canada has a lot of competition. Didn't like their acquisition of Allstream last year and there are some real problems with Allstream. Long-distance and business rates are coming down.
The telecom sector in Canada has a lot of competition. Didn't like their acquisition of Allstream last year and there are some real problems with Allstream. Long-distance and business rates are coming down.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$42.750
Owned
No
DON'T BUY
DON'T BUY
April 4, 2006
Have struggled over the last couple of years with loss of assets. Fully priced.
Have struggled over the last couple of years with loss of assets. Fully priced.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$25.000
Owned
No