Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
August 20, 2012

This is rumoured to be one of the lead buyers for ING Canada. It would be a good fit but the problem would be possible alienation of existing customers. Acquisitions outside of North America are one of their primary expansions. They don’t have a lot of competition and they have a good track record. Will possibly raise their dividends in December or March. 4.1% dividend yield. Can see it in the high $50s in 12 months.

This is rumoured to be one of the lead buyers for ING Canada. It would be a good fit but the problem would be possible alienation of existing customers. Acquisitions outside of North America are one of their primary expansions. They don’t have a lot of competition and they have a good track record. Will possibly raise their dividends in December or March. 4.1% dividend yield. Can see it in the high $50s in 12 months.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$53.200
Owned
Yes
COMMENT
COMMENT
August 20, 2012

Bought this around $28 when it had a 4.2% yield. Knew there would have to be a little bit of patience required as the financial side (Reuters) is taking its time paying off. Starting to come. You get paid to wait.

Bought this around $28 when it had a 4.2% yield. Knew there would have to be a little bit of patience required as the financial side (Reuters) is taking its time paying off. Starting to come. You get paid to wait.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$29.400
Owned
Yes
COMMENT
COMMENT
August 20, 2012

He is a little bit nervous about the next 2-3 months on gas prices. Technically it is over the 200 day moving average for the 1st time in a long time giving you a bit of support. You also have a bit of fundamental support if Europe doesn’t do something stupid in the next month but this company will not lead it because gas price will still be in the shoulder season.

He is a little bit nervous about the next 2-3 months on gas prices. Technically it is over the 200 day moving average for the 1st time in a long time giving you a bit of support. You also have a bit of fundamental support if Europe doesn’t do something stupid in the next month but this company will not lead it because gas price will still be in the shoulder season.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$17.210
Owned
Unknown
COMMENT
COMMENT
August 20, 2012

Reported a disappointing quarter. Expected EBITDA of $30 million was actually $22 million. He owns through some of their convertible debentures. There is probably some upside on the stock from here but he prefers the debentures.

Canexus Corp (CUS-T)
August 20, 2012

Reported a disappointing quarter. Expected EBITDA of $30 million was actually $22 million. He owns through some of their convertible debentures. There is probably some upside on the stock from here but he prefers the debentures.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$7.700
Owned
Yes
DON'T BUY
DON'T BUY
August 20, 2012

Doesn’t like this one. It has the highest payout ratio. No growth because all it owns is a piece of Syncrude. (See Top Picks.)

Doesn’t like this one. It has the highest payout ratio. No growth because all it owns is a piece of Syncrude. (See Top Picks.)

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$22.030
Owned
No
BUY
BUY
August 20, 2012

One of the cheapest oil companies by price to projected cash flow. North Sea producer. Asset value is about $3.50. They are going to cash flow $2 a year out. There is a real good chance of it getting to $3 again. Good solid hold.

One of the cheapest oil companies by price to projected cash flow. North Sea producer. Asset value is about $3.50. They are going to cash flow $2 a year out. There is a real good chance of it getting to $3 again. Good solid hold.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$2.070
Owned
Yes
BUY
BUY
August 20, 2012

Did a large UK acquisition. Margins are less than the North American business so the blended margins don’t look as good. He is not hung up on the margins. 6.9% yield.

WSP Global Inc. (WSP-T)
August 20, 2012

Did a large UK acquisition. Margins are less than the North American business so the blended margins don’t look as good. He is not hung up on the margins. 6.9% yield.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$21.730
Owned
Yes