Latest Expert Opinions

Signal
Opinion
Expert
STRONG BUY
STRONG BUY
August 20, 2012

Commercially diversified. (Almost had it as a Top Pick today as he still sees upside in it.) Spinning off their entire industrial portfolio as a standalone REIT but will retain 43% to 46% ownership. Good value at these levels.

Commercially diversified. (Almost had it as a Top Pick today as he still sees upside in it.) Spinning off their entire industrial portfolio as a standalone REIT but will retain 43% to 46% ownership. Good value at these levels.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$38.910
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
August 20, 2012

Coal handling facility and terminal. Coal volumes have come down dramatically. Huge movement from coal to gas in the US that has also impacted the rail names. He would buy sub-$24.

Coal handling facility and terminal. Coal volumes have come down dramatically. Huge movement from coal to gas in the US that has also impacted the rail names. He would buy sub-$24.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$25.940
Owned
No
BUY WEAKNESS
BUY WEAKNESS
August 20, 2012

Fantastic looking chart. Feels it is worth $36-$37, which is the current price. You have to factor in a lot of free cash flow growth. They are generating it but there is a limit to what one company can grow its cash flow by. He would prefer it at $34.

Fantastic looking chart. Feels it is worth $36-$37, which is the current price. You have to factor in a lot of free cash flow growth. They are generating it but there is a limit to what one company can grow its cash flow by. He would prefer it at $34.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$36.260
Owned
Unknown
DON'T BUY
DON'T BUY
August 20, 2012

Large power generation company located in Canada, US and Australia. Numerous issues including a balance sheet that is more over leveraged than he would like, high payout ratio and a credit rating that has been cut. Their trading business has not done well this year. Doesn’t think the dividend will get cut but will not grow at all for the next few years.

Transalta Corp (TA-T)
August 20, 2012

Large power generation company located in Canada, US and Australia. Numerous issues including a balance sheet that is more over leveraged than he would like, high payout ratio and a credit rating that has been cut. Their trading business has not done well this year. Doesn’t think the dividend will get cut but will not grow at all for the next few years.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$15.860
Owned
No
BUY WEAKNESS
BUY WEAKNESS
August 20, 2012

Allied Properties (AP.UN-T) or Calloway (CWT.UN-T)? 2 completely different REITs so you could buy both of them if you wanted. Expect that analysts will increase their target prices to the $32-$33 range. Great quality name. Exposed brick and beam finishes, Class I real estate. Quality management, quality assets, low payout and low leverage. Try to buy below $31 in order to get a 15% total return. 4.2% yield.

Allied Properties (AP.UN-T) or Calloway (CWT.UN-T)? 2 completely different REITs so you could buy both of them if you wanted. Expect that analysts will increase their target prices to the $32-$33 range. Great quality name. Exposed brick and beam finishes, Class I real estate. Quality management, quality assets, low payout and low leverage. Try to buy below $31 in order to get a 15% total return. 4.2% yield.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$31.500
Owned
Yes
COMMENT
COMMENT
August 20, 2012

Allied Properties (AP.UN-T) or Calloway (CWT.UN-T)? Two completely different REITs so you could buy both of them if you wanted.

Smart REIT (SRU.UN-T)
August 20, 2012

Allied Properties (AP.UN-T) or Calloway (CWT.UN-T)? Two completely different REITs so you could buy both of them if you wanted.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$30.660
Owned
Unknown
DON'T BUY
DON'T BUY
August 20, 2012

Power generation plus has a small transmission business as well. 92% payout ratio so chances of a dividend increase is pretty slim. Average duration of the in place power purchase agreements is below 10 years while other power companies are in the mid teens to above. Sustainability is not as great as one of the other power names. 8.2% yield.

Power generation plus has a small transmission business as well. 92% payout ratio so chances of a dividend increase is pretty slim. Average duration of the in place power purchase agreements is below 10 years while other power companies are in the mid teens to above. Sustainability is not as great as one of the other power names. 8.2% yield.

Dennis Mitchell, CFA
Executive Vice-President & Chief Investment Office, Sentry Select Capital Corp
Price
$13.950
Owned
No