Latest Expert Opinions

Signal
Opinion
Expert
WAIT
WAIT
November 3, 2010
This has not been a stock you want to be in this year. He has been significantly underweight financials, especially US. He has recently added to that, however. Well Capitalized and earnings are growing. You are starting to get write backs (bad loans that come back). Still have foreclosure mess to deal with but until dealt with you wont see great performance, but in 12-24 months you will.
This has not been a stock you want to be in this year. He has been significantly underweight financials, especially US. He has recently added to that, however. Well Capitalized and earnings are growing. You are starting to get write backs (bad loans that come back). Still have foreclosure mess to deal with but until dealt with you wont see great performance, but in 12-24 months you will.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$37.720
Owned
Yes
HOLD
HOLD
November 3, 2010
Has not followed this name that closely, but still has a little concern for insurance and banking industry in Europe. Doesn’t know if they have completely recognized the pain and suffering. He would add US Brokerage, then US banks and then third would be European financial services. ING is right up there in terms of European financial services.
ING Groep NV (ING-N)
November 3, 2010
Has not followed this name that closely, but still has a little concern for insurance and banking industry in Europe. Doesn’t know if they have completely recognized the pain and suffering. He would add US Brokerage, then US banks and then third would be European financial services. ING is right up there in terms of European financial services.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$10.980
Owned
Unknown
WEAK BUY
WEAK BUY
November 3, 2010
Has a very strong position and he wishes he owned it. He was a little nervous about the multiple. When Google pulled out of China there was another opportunity to buy it but he thought it was too highly priced. They are in a very strong position in China. Now that Google is not a competitor, they are in a good position. Very optimistic outlook for the Internet industry. The business will do well, even if not the stock.
Baidu.com (BIDU-Q)
November 3, 2010
Has a very strong position and he wishes he owned it. He was a little nervous about the multiple. When Google pulled out of China there was another opportunity to buy it but he thought it was too highly priced. They are in a very strong position in China. Now that Google is not a competitor, they are in a good position. Very optimistic outlook for the Internet industry. The business will do well, even if not the stock.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$110.650
Owned
Unknown
COMMENT
COMMENT
November 3, 2010
Not a big integrated oil guy. Prefers companies that are a little more targeted. They have upstream all the way to downstream, refining, gas stations, etc. 5.7% dividend is great for dividend player.
Total SA (TOT-N)
November 3, 2010
Not a big integrated oil guy. Prefers companies that are a little more targeted. They have upstream all the way to downstream, refining, gas stations, etc. 5.7% dividend is great for dividend player.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$56.130
Owned
Unknown
TOP PICK
TOP PICK
November 3, 2010
(Denmark exchange) Biggest wind turbine manufacturer in the world. They were pummeled. They revised down their earnings significantly, recently. Biggest concern is subsidies. Coal is the cheapest. The world is not awash with money to finance this. Subsidies are being scaled back. GE is a competitor, but competition is getting less. GE’s product is considered less optimal compared to VWS’s. They have a year’s advantage over Siemans and GE. He is optimistic about the future.
(Denmark exchange) Biggest wind turbine manufacturer in the world. They were pummeled. They revised down their earnings significantly, recently. Biggest concern is subsidies. Coal is the cheapest. The world is not awash with money to finance this. Subsidies are being scaled back. GE is a competitor, but competition is getting less. GE’s product is considered less optimal compared to VWS’s. They have a year’s advantage over Siemans and GE. He is optimistic about the future.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$0.010
Owned
Yes
TOP PICK
TOP PICK
November 3, 2010
There is a lot of negative sentiment right now: The talk about regulating interchange rates, talk about exclusivity with merchants being removed. But the prospects for Visa have not changed. They are growing their earnings about 15-20% per annum. 17-18 multiple, which is very, very strong. Good global footprint. They are dominant.
Visa Inc. (V-N)
November 3, 2010
There is a lot of negative sentiment right now: The talk about regulating interchange rates, talk about exclusivity with merchants being removed. But the prospects for Visa have not changed. They are growing their earnings about 15-20% per annum. 17-18 multiple, which is very, very strong. Good global footprint. They are dominant.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$33.930
Owned
Yes
TOP PICK
TOP PICK
November 3, 2010
(Philippines exchange)Biggest mining and materials producer in the Philippines. Gold and copper producer. Low cost producer. Projects being developed right now to come on line soon.
(Philippines exchange)Biggest mining and materials producer in the Philippines. Gold and copper producer. Low cost producer. Projects being developed right now to come on line soon.
Mark Grammer
Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates
Price
$0.010
Owned
Yes