Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
June 21, 2011
Being fined more than $150 million for allegedly misleading investors in connection with a collateralized debt obligation. Expect there will be other banks that will see similar fines. Meaningless in the grand scheme of things.
Being fined more than $150 million for allegedly misleading investors in connection with a collateralized debt obligation. Expect there will be other banks that will see similar fines. Meaningless in the grand scheme of things.
Andrew McCreath
Senior Portfolio Manager, Sentry Select Capital
Price
$40.910
Owned
Unknown
COMMENT
COMMENT
June 21, 2011
Very well positioned. Have a great balance sheet. Decent yield. There are some challenges that we have to see to get some clear sailing in the stock. European margins where disappointing last quarter and are they going to pick up? Understands that Mr. Stronach is now out of the stock. Feels this would be a better buy than the auto companies.
Very well positioned. Have a great balance sheet. Decent yield. There are some challenges that we have to see to get some clear sailing in the stock. European margins where disappointing last quarter and are they going to pick up? Understands that Mr. Stronach is now out of the stock. Feels this would be a better buy than the auto companies.
Andrew McCreath
Senior Portfolio Manager, Sentry Select Capital
Price
$48.230
Owned
Unknown
TOP PICK
TOP PICK
June 21, 2011
Owned 2 businesses. Nitrogen fertilizer and a refinery. Spun off the nitrogen fertilizer in April, which will declare a dividend of $1.92 a share. An 8% yield on the spin-off would be worth about $24 a share. CVR has a $1.3 billion position in the spin-off. CVR market cap is $2 billion and subtracting $1.3 billion gets you $0.7 billion for the refinery business. Current crack spreads generate $600 million in EBITDA this year with the replacement value of $2.8 billion.
CVR Energy (CVI-N)
June 21, 2011
Owned 2 businesses. Nitrogen fertilizer and a refinery. Spun off the nitrogen fertilizer in April, which will declare a dividend of $1.92 a share. An 8% yield on the spin-off would be worth about $24 a share. CVR has a $1.3 billion position in the spin-off. CVR market cap is $2 billion and subtracting $1.3 billion gets you $0.7 billion for the refinery business. Current crack spreads generate $600 million in EBITDA this year with the replacement value of $2.8 billion.
Andrew McCreath
Senior Portfolio Manager, Sentry Select Capital
Price
$23.300
Owned
Yes
TOP PICK
TOP PICK
June 21, 2011
An old line telephone company that came out of the ashes of US West. They had just closed the acquisition of Quest. They should be able to reap merger synergies of several hundred million dollars. Trades at about a 16X free cash flow yield and offers a dividend of 7.25%.
An old line telephone company that came out of the ashes of US West. They had just closed the acquisition of Quest. They should be able to reap merger synergies of several hundred million dollars. Trades at about a 16X free cash flow yield and offers a dividend of 7.25%.
Andrew McCreath
Senior Portfolio Manager, Sentry Select Capital
Price
$40.060
Owned
Yes
TOP PICK
TOP PICK
June 21, 2011
(A Top Pick Oct 15/10. Down 65.03%.) Extracting protein out of canola. Moving in the right direction, but they slipped on the time element and they got pounded. Believes the market potential is large.
(A Top Pick Oct 15/10. Down 65.03%.) Extracting protein out of canola. Moving in the right direction, but they slipped on the time element and they got pounded. Believes the market potential is large.
Andrew McCreath
Senior Portfolio Manager, Sentry Select Capital
Price
$1.000
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 21, 2011
(A Top Pick Oct 15/20. Up 0.18%.) Not expensive. Appears the product cycle is to extend it with new products.
Apple (AAPL-Q)
June 21, 2011
(A Top Pick Oct 15/20. Up 0.18%.) Not expensive. Appears the product cycle is to extend it with new products.
Andrew McCreath
Senior Portfolio Manager, Sentry Select Capital
Price
$325.300
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 21, 2011
(A Top Pick Oct 15/20.) Still likes. Trading at 10X earnings.
CASH (CASH)
June 21, 2011
(A Top Pick Oct 15/20.) Still likes. Trading at 10X earnings.
Andrew McCreath
Senior Portfolio Manager, Sentry Select Capital
Price
$0.010
Owned
Unknown