MI.UN-T 0.33 DRVN-Q 0 SWIM-Q 0 TOL-N -0.07 NOG-N -0.26 CPA-N -0.03 PBH-T 1.49
Daily Stock Opinions and Ratings

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Today, Nick Majendie commented about whether BEP.UN-T, TRI-T, AEM-T, JE-T, CTC.A-T, K-T, BB-T, ECA-T, ENB-T, MFC-T, SLF-T, ABX-T, SU-T, MG-T, ARX-T, RY-T, POT-T, T-T, TECK.B-T are stocks to buy or sell.

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COMMENT

A Comment -- General Comments From an Expert(A Commentary)

Apr 23, 2012
Markets. There has been a liquidity driven strong market since Oct/11 but none of the underlying problems has really gone away, particularly in Europe, but China is also slowing down. Feels there is another 20% downside from here. He is still not totally convinced that the US is out of recession danger and the odds are about 50-50. His Cdn portfolio has about 20% cash.
Nick MajendieNick Majendie
Unknown
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COMMENT

Teck Resources Ltd. (B)(TECK.B-T)

Apr 23, 2012
Long-term outlook on this stock is very positive. Short time there is some downside to the levels we saw last fall if the market falls 20%, which he expects. Will respond to the key commodities of copper and coal. Would buy into weakness.
Nick MajendieNick Majendie
Owned
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$35.330

Stock price when the opinion was issued

Mining
HOLD

Telus Corp(T-T)

Apr 23, 2012
Switching non-voting shares to voting and a hedge fund is getting involved. Comments? Hard to know what the result of that will be. Hedge fund owns a good slug of the voting shares. They want the premium and are complaining that they are not getting it. You should look beyond this as it will not be a big difference. Dividends have been growing 5% every 6 months. Feels the earnings growth over the next 3 years will be in the order of 9%-11% per year.
Nick MajendieNick Majendie
Owned
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$58.770

Stock price when the opinion was issued

telephone utilities
BUY ON WEAKNESS

PotashCorp(POT-T)

Apr 23, 2012
Pretty optimistic on long-term pricing of potash because cyclical stocks were underweight because of concerns on global commodity prices. Wouldn't buy currently but would hold for the longer-term. Would like to see it under $40. 1.3% dividend.
Nick MajendieNick Majendie
Unknown
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$42.430

Stock price when the opinion was issued

integrated mines
HOLD

Royal Bank(RY-T)

Apr 23, 2012
Buy at around $53-$54 and selling at $57. Good strategy? The Buy price is reasonable but he is not strong on the strategy. A little nervous of banks generally because if you get European problems developing over the summer, it will affect Canadian banks.
Nick MajendieNick Majendie
Owned
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$56.500

Stock price when the opinion was issued

banks
PARTIAL BUY

Arc Resources Ltd(ARX-T)

Apr 23, 2012
The low price is obviously reflecting weaker gas pricing. Have a large exposure to the Montney play. Very well run company. Conservative balance sheet. Good level to start accumulating. 6.3% dividend yield should be safe.
Nick MajendieNick Majendie
Unknown
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$18.870

Stock price when the opinion was issued

oil gas
BUY

Magna Int'l. (A)(MG-T)

Apr 23, 2012
Likes this company for the longer term. Has a terrific balance sheet. 4th largest auto parts company globally. Orienting Has production to potential growth to Asia. Had problems in Europe but are making good improvements in those operations.
Nick MajendieNick Majendie
No
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$44.530

Stock price when the opinion was issued

Automotive
HOLD

Suncor Energy Inc(SU-T)

Apr 23, 2012
(Market Call Minute.) Tremendous long-term growth potential but short-term production difficulties.
Nick MajendieNick Majendie
Unknown
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$31.020

Stock price when the opinion was issued

integrated oils
BUY ON WEAKNESS

Barrick Gold(ABX-T)

Apr 23, 2012
(Market Call Minute.) Very cheap valuation but could get cheaper in the next month or 2.
Nick MajendieNick Majendie
Unknown
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$39.290

Stock price when the opinion was issued

precious metals
SELL

Sun Life Financial Inc(SLF-T)

Apr 23, 2012
(Market Call Minute.) Doesn't like the life insurance industry. If he is right about bond yields staying low, you don't want to own in this industry.
Nick MajendieNick Majendie
No
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$24.420

Stock price when the opinion was issued

insurance
SELL

Manulife Financial(MFC-T)

Apr 23, 2012
(Market Call Minute.) Doesn't like the life insurance industry. If he is right about bond yields staying low, you don't want to own in this industry.
Nick MajendieNick Majendie
No
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$13.130

Stock price when the opinion was issued

insurance
HOLD

Enbridge(ENB-T)

Apr 23, 2012
(Market Call Minute.) Great long-term situation. Increased dividends 10% a year for 60 years. Will continue that pace, if not better for the next 3-5 years. Currently about 3 multiple points above its 15 year average.
Nick MajendieNick Majendie
Unknown
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$39.500

Stock price when the opinion was issued

oil gas pipelines
SELL

Encana Corp(ECA-T)

Apr 23, 2012
(Market Call Minute.) Has concerns about being able to maintain the dividend if these gas prices hold at these level for the next year.
Nick MajendieNick Majendie
Unknown
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$17.630

Stock price when the opinion was issued

oil gas
HOLD

BlackBerry(BB-T)

Apr 23, 2012
(Market Call Minute.) A very speculative Hold.
Nick MajendieNick Majendie
Unknown
Unlock Rating
$12.980

Stock price when the opinion was issued

electrical electronic
PAST TOP PICK

Kinross Gold(K-T)

Apr 23, 2012
(A Top Pick Oct 26/10. Down 49.6%.) Sold in the $11-$12 area. Will be worth looking at as a cyclical play over the next few months.
Nick MajendieNick Majendie
No
Unlock Rating
$8.810

Stock price when the opinion was issued

precious metals

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: hello@stockchase.com.

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