Latest Expert Opinions

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Opinion
Expert
WATCH
WATCH
April 12, 2012
Industrial real estate assets that were spun out from Magna (MG-T). Currently Magna is a tenant in about 96% of their properties. Low payout ratio. For a REIT they have an amazingly low debt on their balance sheet. If management works it right, they will buy additional properties and diversify away from Magna. This is a “wait-and-see” if management can execute.
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Granite REIT (GRT.UN-T)
April 12, 2012
Industrial real estate assets that were spun out from Magna (MG-T). Currently Magna is a tenant in about 96% of their properties. Low payout ratio. For a REIT they have an amazingly low debt on their balance sheet. If management works it right, they will buy additional properties and diversify away from Magna. This is a “wait-and-see” if management can execute.
BUY
BUY
April 12, 2012
Apartment REITs in Ontario. Trades at about a 10% discount to NAV with a 73% payout ratio. Likes the direction they are heading.
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Apartment REITs in Ontario. Trades at about a 10% discount to NAV with a 73% payout ratio. Likes the direction they are heading.
PAST TOP PICK
PAST TOP PICK
April 12, 2012
(A Top Pick March 2/11. Up 30.6%.) Acquired a European subsidiary, which then merged in with their own operations. Very well managed.
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(A Top Pick March 2/11. Up 30.6%.) Acquired a European subsidiary, which then merged in with their own operations. Very well managed.
PAST TOP PICK
PAST TOP PICK
April 12, 2012
(A Top Pick March 2/11. Up 19.32%.) World's largest retailer and doing quite well in Canada. Trades at a very attractive valuation at 12-13 times earnings. Has a history of buying back shares.
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Walmart Inc (WMT-N)
April 12, 2012
(A Top Pick March 2/11. Up 19.32%.) World's largest retailer and doing quite well in Canada. Trades at a very attractive valuation at 12-13 times earnings. Has a history of buying back shares.
PAST TOP PICK
PAST TOP PICK
April 12, 2012
(A Top Pick March 2/11. Up 13.6%.) Provides laundry services to hospitals and hotels, mostly hospitals. Low debt on the balance sheet. Expects a dividend increase later this year. Extremely well managed.
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K-Bro Linen Inc (KBL-T)
April 12, 2012
(A Top Pick March 2/11. Up 13.6%.) Provides laundry services to hospitals and hotels, mostly hospitals. Low debt on the balance sheet. Expects a dividend increase later this year. Extremely well managed.
DON'T BUY
DON'T BUY
April 12, 2012
Building products distributor. Generally you get low margins in the distribution business. He expects the housing cycle in Canada will have to slow down at some point.
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Building products distributor. Generally you get low margins in the distribution business. He expects the housing cycle in Canada will have to slow down at some point.
DON'T BUY
DON'T BUY
April 12, 2012
Assets are primarily in the US. Recently acquired a Canadian company with Canadian and US assets. Feels the payout ratio is too high.
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Assets are primarily in the US. Recently acquired a Canadian company with Canadian and US assets. Feels the payout ratio is too high.