Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
December 13, 2010
6.11% bond due Aug/25/40 with a Short of equal term of Gov’t CDN bond. Cheap.
6.11% bond due Aug/25/40 with a Short of equal term of Gov’t CDN bond. Cheap.
Mike MacBain
Founding Partner, East Coast Funds Management
Price
$34.880
Owned
Yes
TOP PICK
TOP PICK
December 13, 2010
4.72% bond due Sept 26/11. 4-month bond that will preserve your capital when interest rates blow out. You’ll still have your money and you’ll have a better idea of what is happening in bond yields.
Bell Aliant (BA-T)
December 13, 2010
4.72% bond due Sept 26/11. 4-month bond that will preserve your capital when interest rates blow out. You’ll still have your money and you’ll have a better idea of what is happening in bond yields.
Mike MacBain
Founding Partner, East Coast Funds Management
Price
$26.380
Owned
Yes
COMMENT
COMMENT
December 13, 2010
30-year bond. Good company and well managed. A bit higher yield than most plays. He owns it as a Short against a 30-year Government of Canada bond interest rate as a hedge.
30-year bond. Good company and well managed. A bit higher yield than most plays. He owns it as a Short against a 30-year Government of Canada bond interest rate as a hedge.
Mike MacBain
Founding Partner, East Coast Funds Management
Price
$17.160
Owned
Yes
HOLD
HOLD
December 13, 2010
7.5% bond due August 2019. Good company and decent spread. Likes the bond but recently sold his holdings because it has come in such a long way in terms of credit narrowing.
Fairfax Financial (FFH-T)
December 13, 2010
7.5% bond due August 2019. Good company and decent spread. Likes the bond but recently sold his holdings because it has come in such a long way in terms of credit narrowing.
Mike MacBain
Founding Partner, East Coast Funds Management
Price
$405.080
Owned
No
SELL
SELL
December 13, 2010
May 2029 strip bond. Good company and great management but a strip bond is basically a leveraged play on interest rates. You want to own Strips when rates are high, not when they are low, as is the case now.
BCE Inc. (BCE-T)
December 13, 2010
May 2029 strip bond. Good company and great management but a strip bond is basically a leveraged play on interest rates. You want to own Strips when rates are high, not when they are low, as is the case now.
Mike MacBain
Founding Partner, East Coast Funds Management
Price
$35.630
Owned
No
DON'T BUY
DON'T BUY
December 13, 2010
5.75% bond due march 2017. Great company and great management team. Likes longer dated Shaw paper rather than shorter dated so consider the 2039 bonds. However he would also Short a 30-year Government of Canada bond interest rate as a hedge.
5.75% bond due march 2017. Great company and great management team. Likes longer dated Shaw paper rather than shorter dated so consider the 2039 bonds. However he would also Short a 30-year Government of Canada bond interest rate as a hedge.
Mike MacBain
Founding Partner, East Coast Funds Management
Price
$20.700
Owned
Unknown
TOP PICK
TOP PICK
December 13, 2010
A departure for him because it is gassy but is very liquids rich with gas liquids coming out of their production. Have 5 gas plants throughout the deep basin. Will probably grow production by 35% next year. About to convert to a Corp which could become more attractive to common stock investors. 4% yield.
A departure for him because it is gassy but is very liquids rich with gas liquids coming out of their production. Have 5 gas plants throughout the deep basin. Will probably grow production by 35% next year. About to convert to a Corp which could become more attractive to common stock investors. 4% yield.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$18.840
Owned
Yes