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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Dennis Mitchell, CFA commented about whether REF.UN.TO, PMZ.UN.TO, RYL.TO, FC.TO, MRD.TO, D.UN.TO, HOT.UN.TO, HR.UN.TO, KRE.UN.TO, REI.UN.TO, NVU.UN.TO, KMP.UN.TO, HNT.TO, IUR.UN.TO, AP.UN.TO, CAR.UN.TO, MEQ.TO, HII.A.TO, AX.UN.TO, HLC.TO, EXE.TO, BPO.TO, IS.UN.TO, FCR.UN.TO are stocks to buy or sell.
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TOP PICK
Grocery and drug store anchored real estate. Best management team in the business. Significant internal growth. Significantly below NAV. Good free cash flow yield at about 5.8%. Buy and forget about it.
Dennis Mitchell, CFAOwned
property mngmntinvestment
TOP PICK
The only aggregator of self-storage in Canada. Covering its distribution on a free cash flow run rate. Over 7% cash yield and about 10% free cash flow yield.
Dennis Mitchell, CFAOwned
income trust
TOP PICK
The best property portfolio and best real estate team in North America. Significant internal growth from rent increases. An overhang is Merrill Lynch, which accounts for about 8% of their rental income, mainly midtown Manhattan.
Dennis Mitchell, CFAOwned
property mngmntinvestment
PAST TOP PICK
(A Top Pick Nov 21/06. Down 4.8%.) Still likes. Still very under levered. Good consolidation space.
Dennis Mitchell, CFAOwned
other services
PAST TOP PICK
(A Top Pick Nov 21/06. Down 9.5%.) Yielding almost 12%. Management has delivered and the story is still intact. Still a Buy.
Dennis Mitchell, CFAOwned
income trust
PAST TOP PICK
(A Top Pick Nov 21/06. Up .08%.) They continue to deliver on the B assets in A locations in western Canada and A assets in B locations. 40% of their portfolio comes up for renewal in the next 3 years. A good entry point.
Dennis Mitchell, CFAOwned
property mngmntinvestment
COMMENT
This is an interesting animal. They were the winning bidder for Alexis Nihon (AN.UN-T), which is commercial diversified in Quebec. They have since diversified into Europe as well and significant exposure to the Calgary market. For him, he wants to sit back and analyze further.
property mngmntinvestment
BUY
One of his favourite names. CEO owns about 40% of the company. They buy C & D multi-rent properties, primarily in Western Canada, and reposition them into B assets. Significant exposure in Edmonton. At $15, you are $4 or $5 below NAV. significant internal growth potential.
Dennis Mitchell, CFAOwned
property mngmntinvestment
BUY
Biggest exposure is to Montreal and Toronto. Starting to see a little bit of rental increase. Still spending $20 million to $40 million a year repositioning properties from a company they acquired a long time ago. In the long-term, this may be one you want to own because they assets are enduring and the locations are core.
investment companiesfunds
BUY
Seemed to be going through a strategic transformation. Started off multi-residential with some commercial and have added more and more commercial including a large office complex in Yellowknife. Expect they will branch out. Now have a seniors housing too. Trading significantly below NAV. Gives an attractive yield. Great management.
investment companiesfunds
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