Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
December 3, 2009
Urban bus manufacturer. Facilities in Winnipeg and Minnesota. Has dominant market share and winning a fair share of new orders. New CEO is very impressive. Generates a lot of cash flow. Almost 12% yield should be sustainable.
Urban bus manufacturer. Facilities in Winnipeg and Minnesota. Has dominant market share and winning a fair share of new orders. New CEO is very impressive. Generates a lot of cash flow. Almost 12% yield should be sustainable.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$9.830
Owned
Yes
BUY
BUY
December 3, 2009
Provide environmental services in the recovery of sulphur and does a lot of work with refineries. Outlook is quite good as refinery regulations just increased. Market is a little bit concerned that Shell may want to close their Montreal refinery where they are participants but this is not a big concern. 7.1% yield.
Marsulex Inc (MLX-T)
December 3, 2009
Provide environmental services in the recovery of sulphur and does a lot of work with refineries. Outlook is quite good as refinery regulations just increased. Market is a little bit concerned that Shell may want to close their Montreal refinery where they are participants but this is not a big concern. 7.1% yield.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$10.500
Owned
Yes
BUY
BUY
December 3, 2009
Prints and publishes various material. Customers include Canadian Tire and Shoppers Drug Mart. Have been hit hard by the recession. Have a very high yield. Over distributing at about 109% payout ratio and market is already pricing in a distribution cut.
Data Group Ltd. (DGI-T)
December 3, 2009
Prints and publishes various material. Customers include Canadian Tire and Shoppers Drug Mart. Have been hit hard by the recession. Have a very high yield. Over distributing at about 109% payout ratio and market is already pricing in a distribution cut.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$5.550
Owned
Yes
BUY
BUY
December 3, 2009
Electrical generating assets, primarily from hydro, wind and biomass. Have long-term contracts for all of their facilities. No exposure to spot markets in Ontario or Alberta. Payout ratio of about 85%. Great, long-term asset.
Electrical generating assets, primarily from hydro, wind and biomass. Have long-term contracts for all of their facilities. No exposure to spot markets in Ontario or Alberta. Payout ratio of about 85%. Great, long-term asset.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$11.000
Owned
Yes
WEAK BUY
WEAK BUY
December 3, 2009
Starting to get interesting at these levels. Had a problem with underestimating amount needed on CapX for apartment restorations but are now addressing this. Have free cash flow payout at about 107%-108% but should be stable for the next 2 years.
Starting to get interesting at these levels. Had a problem with underestimating amount needed on CapX for apartment restorations but are now addressing this. Have free cash flow payout at about 107%-108% but should be stable for the next 2 years.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$12.950
Owned
No
COMMENT
COMMENT
December 3, 2009
Distribution is safe. Has about an 82%-83% payout ratio. Have diversified outside of the cheque business, which is declining. Have invested in Biologics and mortgage brokerage software. Looking for a distribution cut to take into account taxes and possibly more growth acquisitions.
DH Corporation (DH-T)
December 3, 2009
Distribution is safe. Has about an 82%-83% payout ratio. Have diversified outside of the cheque business, which is declining. Have invested in Biologics and mortgage brokerage software. Looking for a distribution cut to take into account taxes and possibly more growth acquisitions.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$16.010
Owned
Yes
BUY
BUY
December 3, 2009
2 divisions. 1) Agricultural storage products and 2) building products. Huge opportunities for growth in international markets for grain storage because of loss/damage. Margins were higher last quarter because of buying lower priced steel, which they sold at higher prices. Payout ratio of about 65%.
Vicwest Inc (VIC-T)
December 3, 2009
2 divisions. 1) Agricultural storage products and 2) building products. Huge opportunities for growth in international markets for grain storage because of loss/damage. Margins were higher last quarter because of buying lower priced steel, which they sold at higher prices. Payout ratio of about 65%.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$16.200
Owned
Yes