Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
October 1, 2009
Increased dividends by 5% twice since the Teachers deal fell through. Over the last 5 years the dividend is actually down about 8%. Thinks management is doing a good job. Cutting costs, reorganizing management and getting more aggressive on the wireless side. 6.5% yield. Could be 5%-10% capital appreciation also.
BCE Inc. (BCE-T)
October 1, 2009
Increased dividends by 5% twice since the Teachers deal fell through. Over the last 5 years the dividend is actually down about 8%. Thinks management is doing a good job. Cutting costs, reorganizing management and getting more aggressive on the wireless side. 6.5% yield. Could be 5%-10% capital appreciation also.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$26.090
Owned
Yes
HOLD
HOLD
October 1, 2009
Not as positive on insurance companies as he is on the banking sector as they have credit problems on their bond portfolios as well as some volatility to earnings. Expects returns to be lower than what they have been.
Not as positive on insurance companies as he is on the banking sector as they have credit problems on their bond portfolios as well as some volatility to earnings. Expects returns to be lower than what they have been.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$21.900
Owned
Yes
COMMENT
COMMENT
October 1, 2009
Not as positive on insurance companies as he is on the banking sector. Have credit problems on their bond portfolios as well as some volatility to earnings but not as severe as ManuLife (MFC-T). Expects returns to be lower than what they have been. Good company, well managed and basic good dividend. Over 4% yield.
Not as positive on insurance companies as he is on the banking sector. Have credit problems on their bond portfolios as well as some volatility to earnings but not as severe as ManuLife (MFC-T). Expects returns to be lower than what they have been. Good company, well managed and basic good dividend. Over 4% yield.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$32.170
Owned
Yes
BUY
BUY
October 1, 2009
Free cash flow story. Balance sheet is in good shape and the business is running well.
Free cash flow story. Balance sheet is in good shape and the business is running well.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$29.050
Owned
Yes
BUY
BUY
October 1, 2009
Payout is a little high but he thinks the earnings will come back quite nicely next year. Likes the international side, which will be a growth area longer term and a higher margin business. Loan-loss provisions on that side are kind of lagging. Domestic retail is good.
Payout is a little high but he thinks the earnings will come back quite nicely next year. Likes the international side, which will be a growth area longer term and a higher margin business. Loan-loss provisions on that side are kind of lagging. Domestic retail is good.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$48.030
Owned
Yes
TOP PICK
TOP PICK
October 1, 2009
$400-$500 million free cash flow in the next couple of years. History of increasing dividends and buying back shares. Potential for wireless but doesn't think they will invest in this right now but will piggyback on what Rogers (RCI.B-T) does for them.
$400-$500 million free cash flow in the next couple of years. History of increasing dividends and buying back shares. Potential for wireless but doesn't think they will invest in this right now but will piggyback on what Rogers (RCI.B-T) does for them.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$19.030
Owned
Yes
COMMENT
COMMENT
October 1, 2009
5.5% dividend should be sustainable even though the payout is a little high. Earnings will probably be $.95 in 2010 and a little higher in 2011. Like all newspapers, they are suffering from the advertising side.
TorstarCorp (B) (TS.B-T)
October 1, 2009
5.5% dividend should be sustainable even though the payout is a little high. Earnings will probably be $.95 in 2010 and a little higher in 2011. Like all newspapers, they are suffering from the advertising side.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$6.610
Owned
No