Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
September 4, 2009
Regional bank based largely in Quebec. Has done a great job over the past few years of improving its returns on capital. Being a smaller regional bank, they are more susceptible to very focused economic situations. For a Quebec play he would prefer National Bank (NA-T).
Laurentian Bank (LB-T)
September 4, 2009
Regional bank based largely in Quebec. Has done a great job over the past few years of improving its returns on capital. Being a smaller regional bank, they are more susceptible to very focused economic situations. For a Quebec play he would prefer National Bank (NA-T).
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$38.320
Owned
Unknown
COMMENT
COMMENT
September 4, 2009
Fertilizers. Good returns on capital and have strong balance sheets but are not dividend friendly. A seasonal play. Possibly November/December would be a better time to play.
Fertilizers. Good returns on capital and have strong balance sheets but are not dividend friendly. A seasonal play. Possibly November/December would be a better time to play.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$97.180
Owned
Unknown
COMMENT
COMMENT
September 4, 2009
Fertilizers. Well diversified. Shareholder friendly and increases their dividend. Very disciplined approach. Very strong return on capital. 0.23% dividend.
Agrium (AGU-T)
September 4, 2009
Fertilizers. Well diversified. Shareholder friendly and increases their dividend. Very disciplined approach. Very strong return on capital. 0.23% dividend.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$53.890
Owned
Unknown
BUY
BUY
September 4, 2009
Regulated utility. In the last few years have done a great job of diversifying but into regulated businesses that they know very well. Stable, strong free cash flow. Good management.
Fortis Inc. (FTS-T)
September 4, 2009
Regulated utility. In the last few years have done a great job of diversifying but into regulated businesses that they know very well. Stable, strong free cash flow. Good management.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$25.190
Owned
Unknown
DON'T BUY
DON'T BUY
September 4, 2009
Very speculative. Have a huge insurance company that needs to break itself up. Has only kept going because of lifelines from the US government. The government has the right to convert its holdings into shares, which could reduce individual shareholders holdings.
Very speculative. Have a huge insurance company that needs to break itself up. Has only kept going because of lifelines from the US government. The government has the right to convert its holdings into shares, which could reduce individual shareholders holdings.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$40.050
Owned
No
BUY
BUY
September 4, 2009
Very strong balance sheet. Strong returns on capital over time. Steady increase of dividends. In a competitive sector but with the merger with Reuters last year it has ended up in a duopoly in information to the desktop.
Very strong balance sheet. Strong returns on capital over time. Steady increase of dividends. In a competitive sector but with the merger with Reuters last year it has ended up in a duopoly in information to the desktop.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$34.260
Owned
Unknown
DON'T BUY
DON'T BUY
September 4, 2009
Largest drug company globally. Very strong number of products but along with most of the big pharmaceutical companies there are a large number of drugs that come off patent. About 25% of their earnings comes from one drug, Lipitor and when it comes off patent it will have a big effect on their earnings. There are better places to be.
Pfizer Inc (PFE-N)
September 4, 2009
Largest drug company globally. Very strong number of products but along with most of the big pharmaceutical companies there are a large number of drugs that come off patent. About 25% of their earnings comes from one drug, Lipitor and when it comes off patent it will have a big effect on their earnings. There are better places to be.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$16.390
Owned
Unknown