Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
September 16, 2011
2040 Bonds? There are lots of uncertainties over 30 years in the technology space. The good thing about them is that if you don’t intend to hold them to maturity, they are liquid and you can sell them into the market. For the long end of the curve, he prefers companies that could be protected so he can make sure he gets his coupons and capital back.
2040 Bonds? There are lots of uncertainties over 30 years in the technology space. The good thing about them is that if you don’t intend to hold them to maturity, they are liquid and you can sell them into the market. For the long end of the curve, he prefers companies that could be protected so he can make sure he gets his coupons and capital back.
Marc-Andre Gaudreau
Sr. VP Fixed Income, Natcan Investment Management
Price
$37.220
Owned
Unknown
DON'T BUY
DON'T BUY
September 16, 2011
Preferreds. There are cheaper blue chips such as CIBC (CM-T).
George Weston Ltd. (WN-T)
September 16, 2011
Preferreds. There are cheaper blue chips such as CIBC (CM-T).
Marc-Andre Gaudreau
Sr. VP Fixed Income, Natcan Investment Management
Price
$66.090
Owned
No
HOLD
HOLD
September 16, 2011
Feb 2016 bonds. Safe? Trading in the low $70’s in the market so you’ve already lost a lot of money. Fundamentals of the business are not going well. Looking at the different aspects, they won’t run out of cash for the next few years. You might as well keep them.
Yellow Media Inc (Y-T)
September 16, 2011
Feb 2016 bonds. Safe? Trading in the low $70’s in the market so you’ve already lost a lot of money. Fundamentals of the business are not going well. Looking at the different aspects, they won’t run out of cash for the next few years. You might as well keep them.
Marc-Andre Gaudreau
Sr. VP Fixed Income, Natcan Investment Management
Price
$0.710
Owned
Unknown
COMMENT
COMMENT
September 16, 2011
US High Yield Bond Index Fund. Performing poorly because of the credit risks in the uncertainties of the market. Default rates haven’t moved up yet but the market is pricing higher default rates down the road.
US High Yield Bond Index Fund. Performing poorly because of the credit risks in the uncertainties of the market. Default rates haven’t moved up yet but the market is pricing higher default rates down the road.
Marc-Andre Gaudreau
Sr. VP Fixed Income, Natcan Investment Management
Price
$20.050
Owned
Yes
TOP PICK
TOP PICK
September 16, 2011
4.1% due Nov 3/15. With what is happening in the market and that financials have under preformed a lot, this one is trading from the spread and almost back to where it was during the crisis.
Goldman Sachs (GS-N)
September 16, 2011
4.1% due Nov 3/15. With what is happening in the market and that financials have under preformed a lot, this one is trading from the spread and almost back to where it was during the crisis.
Marc-Andre Gaudreau
Sr. VP Fixed Income, Natcan Investment Management
Price
$107.490
Owned
Yes
TOP PICK
TOP PICK
September 16, 2011
3.18% due Nov 2/15. Financials under performing. (Subordinated, not the seniors.) Cdn banks have very strong footing. They have the option to roll over for another 5 years.
Royal Bank (RY-T)
September 16, 2011
3.18% due Nov 2/15. Financials under performing. (Subordinated, not the seniors.) Cdn banks have very strong footing. They have the option to roll over for another 5 years.
Marc-Andre Gaudreau
Sr. VP Fixed Income, Natcan Investment Management
Price
$46.300
Owned
Yes
TOP PICK
TOP PICK
September 16, 2011
6.4% due Nov 23/39. Largest P & C company in Canada. Very fragmented industry. Very strong underwriters. Recent acquisition makes the bond safe and attractive.
Intact Financial (IFC-T)
September 16, 2011
6.4% due Nov 23/39. Largest P & C company in Canada. Very fragmented industry. Very strong underwriters. Recent acquisition makes the bond safe and attractive.
Marc-Andre Gaudreau
Sr. VP Fixed Income, Natcan Investment Management
Price
$53.210
Owned
Yes