Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
September 8, 2009
Just reported a fairly decent quarter. Been building its business on the US retail side that offers them opportunity, as well as some risk. Likes this but her favourite is Bank of Nova Scotia (BNS-T). (See Top Picks.)
Toronto Dominion (TD-T)
September 8, 2009
Just reported a fairly decent quarter. Been building its business on the US retail side that offers them opportunity, as well as some risk. Likes this but her favourite is Bank of Nova Scotia (BNS-T). (See Top Picks.)
Shauna Sexsmith
Vice President and Senior Portfolio Manager, MFC Global Investment Management
Price
$67.380
Owned
Yes
DON'T BUY
DON'T BUY
September 8, 2009
You have every right to be concerned about this because of the natural gas prices. At the end of the last recession, 2001-2002, natural gas bottomed around $2 and we are currently at $2.74. Despite global growth/Chinese demand, natural gas is purely a domestic commodity. We need economic recovery and increase in industrial production to drive natural gas demand.
Encana Corp (ECA-T)
September 8, 2009
You have every right to be concerned about this because of the natural gas prices. At the end of the last recession, 2001-2002, natural gas bottomed around $2 and we are currently at $2.74. Despite global growth/Chinese demand, natural gas is purely a domestic commodity. We need economic recovery and increase in industrial production to drive natural gas demand.
Shauna Sexsmith
Vice President and Senior Portfolio Manager, MFC Global Investment Management
Price
$56.980
Owned
Yes
BUY
BUY
September 8, 2009
Has everything from oil sands to Canadian Western conventional to N. Sea to offshore West Africa. Great production and cash flow growth. Cheap.
Has everything from oil sands to Canadian Western conventional to N. Sea to offshore West Africa. Great production and cash flow growth. Cheap.
Shauna Sexsmith
Vice President and Senior Portfolio Manager, MFC Global Investment Management
Price
$65.700
Owned
Yes
COMMENT
COMMENT
September 8, 2009
Gold. Impressive production growth over the last number of years from 1.6 million ounces to about 2.4 million ounces. Have good projects that will be coming on stream after 2013 but until that time it has limited scope for production growth. Great stock longer-term but not for short-term production growth. (See Top Picks.)
Kinross Gold (K-T)
September 8, 2009
Gold. Impressive production growth over the last number of years from 1.6 million ounces to about 2.4 million ounces. Have good projects that will be coming on stream after 2013 but until that time it has limited scope for production growth. Great stock longer-term but not for short-term production growth. (See Top Picks.)
Shauna Sexsmith
Vice President and Senior Portfolio Manager, MFC Global Investment Management
Price
$23.580
Owned
Yes
BUY
BUY
September 8, 2009
Likes this with or without the C.F. Industry acquisition. Undervalued relative to Potash (POT-T) by 20%-30% on NAV and about half the PE multiple. Thinks they will eventually acquire C. F. Industry.
Agrium (AGU-T)
September 8, 2009
Likes this with or without the C.F. Industry acquisition. Undervalued relative to Potash (POT-T) by 20%-30% on NAV and about half the PE multiple. Thinks they will eventually acquire C. F. Industry.
Shauna Sexsmith
Vice President and Senior Portfolio Manager, MFC Global Investment Management
Price
$54.880
Owned
Yes
COMMENT
COMMENT
September 8, 2009
Largest bank in Canada but has some US assets that cause some concern. Had a great quarter because of vote 50% of their revenues came from trading. Has the best ROE in the business. Strong franchise but the shares are priced to reflect that. (See Top Picks.)
Royal Bank (RY-T)
September 8, 2009
Largest bank in Canada but has some US assets that cause some concern. Had a great quarter because of vote 50% of their revenues came from trading. Has the best ROE in the business. Strong franchise but the shares are priced to reflect that. (See Top Picks.)
Shauna Sexsmith
Vice President and Senior Portfolio Manager, MFC Global Investment Management
Price
$56.840
Owned
Yes
BUY
BUY
September 8, 2009
Have been growing earnings over 20% a year and is expected to continue this over the next 2 to 3 years. Trading at a 15X forward multiple. When the PE is lower than the growth rate, that is a Buy signal for growth managers.
BlackBerry (BB-T)
September 8, 2009
Have been growing earnings over 20% a year and is expected to continue this over the next 2 to 3 years. Trading at a 15X forward multiple. When the PE is lower than the growth rate, that is a Buy signal for growth managers.
Shauna Sexsmith
Vice President and Senior Portfolio Manager, MFC Global Investment Management
Price
$85.600
Owned
Yes