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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Michael Simpson, CFA commented about whether MTL.TO, HEQ.TO, PZA.TO, AG.UN-CSE, DAY.TO, BLX.TO, CSH.UN.TO, AVF.TO, GMP.TO, Y.TO, COS.TO, CET.TO, TFII.TO, BA.TO, PMT.TO, XRE.TO, ERF.TO, IPL.TO, LIF.TO, HR.UN.TO, CLC.TO, FEL.UN.TO, CPG.TO, ARX.TO, OBE.TO, ZAR.TO, WCN.TO, KMP.UN.TO, PKI.TO, REI.UN.TO, AX.UN.TO are stocks to buy or sell.
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TOP PICK
Western Canadian diversified REIT, office, industrial and retail. 25% of their portfolio has rents rolling over in offices. A lot of their rents are anywhere from 30% to 65% below market, so even if there is a slowdown in Alberta with rents dropping 15%, there is still a lot of upside. 2/3 of their operating income is out of Alberta. Trades at about 24% of its NAV. 8.1% yield.
Michael Simpson, CFAOwned
property mngmntinvestment
TOP PICK
Largest shopping centre REIT in Canada. Have properties in the 6 main large markets across Canada. Also have growth opportunities in some of their urban areas. Trades at a discount to NAV.
Michael Simpson, CFAOwned
property mngmntinvestment
TOP PICK
Primarily gas stations in rural western Canada. Diversified by selling propane, lubricants, etc. over the last year or two. This offsets Q1 weakness on gasoline sales. In the last couple of years they have raised their distributions and paid dividends. Low debt to cash flow. Well-managed. Very cheap.
Michael Simpson, CFAOwned
merchandisinglodging
PAST TOP PICK
(A Top Pick Feb 23/07. Down 3.4% including distributions.) One of the premier waste management companies in North America. Industry leading margins. Good entry point.
Michael Simpson, CFAOwned
Transportation & Environmental Services
PAST TOP PICK
(A Top Pick Feb 23/07. Down 11.7% including distributions.) Small energy trust evenly weighted between gas and oil. Very conservatively managed. After about 4 years, management finally did an acquisition, so are now up to about 9500 barrels a day. 10% yield.
Michael Simpson, CFAOwned
oilgas
COMMENT
One of the largest oil/gas trusts. Have been making a lot of acquisitions and have reached about 200,000 barrels a day. This leads to a lot of spending to maintain production. Has dropped a lot so he is looking at this. Almost 16% yield and will depend on the price of commodities and capital spending needed.
oilgas
BUY
3 good balanced and diversified energy trusts would include Arc Energy (AET.UN-T), which is evenly weighted between oil and gas, Crescent Point Energy (CPG.UN-T) at about 78% oil and a great play in Saskatchewan or Enerplus Resources (ERF.UN-T) with oil sands and exposure. All 3 are excellent value right now.
Michael Simpson, CFAOwned
oilgas
BUY
3 good balanced and diversified energy trusts would include Arc Energy (AET.UN-T), which is evenly weighted between oil and gas, Crescent Point Energy (CPG.UN-T) at about 78% oil and a great play in Saskatchewan or Enerplus Resources (ERF.UN-T) with oil sands and exposure. All 3 are excellent value right now.
Michael Simpson, CFAOwned
oilgas
DON'T BUY
BUY
Made a US acquisition last year. Likes this trust a lot. Have increased their debt a little, but it's a stable business.
Michael Simpson, CFAOwned
other services
BUY
Diversified REIT with office, industrial and retail properties across the country. Agreed to build Encana’s new Bow complex tower in Calgary but don't have all the contracts in place to build it. This might be having an effect on the share price. Very well run REIT with an institutional grade portfolio. Good price.
Michael Simpson, CFAOwned
property mngmntinvestment
BUY
This is a great play on iron ore with assets in Labrador. Produce iron ore concentrate and pellets that are used in steel mills in Europe and Asia. 3 major mining companies control this. Expect it will eventually be consolidated. Fundamentals are good for iron ore.
Michael Simpson, CFAOwned
Financial Services
BUY
An infrastructure play with pipelines, midstream assets and energy storage assets in Europe. Also have a lot of growth from their oil sands pipeline. Payout ratio is about 92%. Good price.
Michael Simpson, CFAOwned
oil pipelines
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