Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
September 15, 2010
Likes Cdn banks and their history of growing dividends. This one is well run and one of the lowest on a cost to income basis. Conservative with their credit quality. Good growth opportunities in non-North American areas. Want to expand in wealth management. Trading at about 12X earnings. Expected to raise dividends again in 2011.
Bank of Nova Scotia (BNS-T)
September 15, 2010
Likes Cdn banks and their history of growing dividends. This one is well run and one of the lowest on a cost to income basis. Conservative with their credit quality. Good growth opportunities in non-North American areas. Want to expand in wealth management. Trading at about 12X earnings. Expected to raise dividends again in 2011.
Tony Demarin
President & CIO, BCV Asset Management
Price
$53.750
Owned
Yes
TOP PICK
TOP PICK
September 15, 2010
Growth primarily in oil sands area. Finished phase 1 of Horizons project with about 110,000 barrels a day. Phase 2 and 3 will raise that to .25 million barrels and 4 and 5 will bring it to half a million barrels a day. Strong history of increasing cash flow back to shareholders.
Growth primarily in oil sands area. Finished phase 1 of Horizons project with about 110,000 barrels a day. Phase 2 and 3 will raise that to .25 million barrels and 4 and 5 will bring it to half a million barrels a day. Strong history of increasing cash flow back to shareholders.
Tony Demarin
President & CIO, BCV Asset Management
Price
$34.230
Owned
Yes
TOP PICK
TOP PICK
September 15, 2010
World leader in generic drug manufacturing. Significant operations in Europe and the US. Made a couple of good acquisitions. Will benefit when other companies drugs come off patent.
Teva Pharmaceutical (TEVA-N)
September 15, 2010
World leader in generic drug manufacturing. Significant operations in Europe and the US. Made a couple of good acquisitions. Will benefit when other companies drugs come off patent.
Tony Demarin
President & CIO, BCV Asset Management
Price
$54.260
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
September 15, 2010
Sold his holdings because of valuations. If it fell below $50 and into the higher $40’s he would be interested.
Enbridge (ENB-T)
September 15, 2010
Sold his holdings because of valuations. If it fell below $50 and into the higher $40’s he would be interested.
Tony Demarin
President & CIO, BCV Asset Management
Price
$52.240
Owned
No
COMMENT
COMMENT
September 15, 2010
Likes long-term outlook. Operationally doing well. Significant growth opportunities in Asia, primarily Vietnam and China. Biggest challenge is liability on variable annuities and segregated funds. Will be dependent on stock market growth (which he is optimistic on) as well as long-term interest rates, which will help.
Manulife Financial (MFC-T)
September 15, 2010
Likes long-term outlook. Operationally doing well. Significant growth opportunities in Asia, primarily Vietnam and China. Biggest challenge is liability on variable annuities and segregated funds. Will be dependent on stock market growth (which he is optimistic on) as well as long-term interest rates, which will help.
Tony Demarin
President & CIO, BCV Asset Management
Price
$13.220
Owned
Yes
COMMENT
COMMENT
September 15, 2010
Recently sold his holdings when it got into the mid-$30's and raised dividends. Just acquired CTV so well now revaluate the situation. Challenge for telecom companies in Canada is that they are slow growing. Replacing wire line with faster wireless, which has much more competition in the next couple of years.
BCE Inc. (BCE-T)
September 15, 2010
Recently sold his holdings when it got into the mid-$30's and raised dividends. Just acquired CTV so well now revaluate the situation. Challenge for telecom companies in Canada is that they are slow growing. Replacing wire line with faster wireless, which has much more competition in the next couple of years.
Tony Demarin
President & CIO, BCV Asset Management
Price
$33.110
Owned
No
DON'T BUY
DON'T BUY
September 15, 2010
When Ontario government announced they were going to change the rules on generic drugs he took the opportunity to exit the stock and assess the landscape in the next couple of years. Expect other provincial governments will follow. Still good growth opportunities in Western Canada. Well managed, pays a dividend and trades at a reasonable multiple but he would like more clarity on the rules.
When Ontario government announced they were going to change the rules on generic drugs he took the opportunity to exit the stock and assess the landscape in the next couple of years. Expect other provincial governments will follow. Still good growth opportunities in Western Canada. Well managed, pays a dividend and trades at a reasonable multiple but he would like more clarity on the rules.
Tony Demarin
President & CIO, BCV Asset Management
Price
$37.210
Owned
No