Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
August 23, 2012

Recently increased their dividend. Numbers are tracking really well and they are growing their wireless. Taking some market from the cable companies. Revenues are better than had been expected.

BCE Inc. (BCE-T)
August 23, 2012

Recently increased their dividend. Numbers are tracking really well and they are growing their wireless. Taking some market from the cable companies. Revenues are better than had been expected.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$44.420
Owned
Yes
DON'T BUY
DON'T BUY
August 23, 2012

Nursing homes. Have assets in US and Canada. Just sold a big portion of their US portfolio. US retirement home numbers recently came out and they were very good. Trades at 15X price to AFFO so feels it is fully valued.

Nursing homes. Have assets in US and Canada. Just sold a big portion of their US portfolio. US retirement home numbers recently came out and they were very good. Trades at 15X price to AFFO so feels it is fully valued.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$10.450
Owned
No
BUY
BUY
August 23, 2012

His favourite bank. Not ultra cheap on a Price to Book but it gives you US exposure in a very safe way. More than 50% of revenue comes from the US now.

Toronto Dominion (TD-T)
August 23, 2012

His favourite bank. Not ultra cheap on a Price to Book but it gives you US exposure in a very safe way. More than 50% of revenue comes from the US now.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$80.500
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
August 23, 2012

Likes the story a lot. Sold his holdings about 6 months ago because of rich valuation and the 3-D effect is starting to phase out. Balance sheet is great and management is strong. Their media ads missed on the last quarter. He will transition back into this because it is a fantastic yielding stock. He would like it in the mid to low $20.

Cineplex Inc (CGX-T)
August 23, 2012

Likes the story a lot. Sold his holdings about 6 months ago because of rich valuation and the 3-D effect is starting to phase out. Balance sheet is great and management is strong. Their media ads missed on the last quarter. He will transition back into this because it is a fantastic yielding stock. He would like it in the mid to low $20.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$29.950
Owned
No
BUY
BUY
August 23, 2012

This is basically a mortgaged backed security but is guaranteed by the US Treasury Department. Do really well when they have .05% funding and they lend out mortgages giving them a very high spread. There is some risk. It will underperform when the Fed starts to gradually raise rates, which is not going to be soon. Should continue to do well. 14.8% dividend.

This is basically a mortgaged backed security but is guaranteed by the US Treasury Department. Do really well when they have .05% funding and they lend out mortgages giving them a very high spread. There is some risk. It will underperform when the Fed starts to gradually raise rates, which is not going to be soon. Should continue to do well. 14.8% dividend.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$33.880
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 23, 2012

(A Past Pick Aug 10/11. Up 88.81%.) Still likes. 2 story apartment buildings in Western Canada. Fantastic operation. Vacancy rates in the West are getting tighter so subsidies are getting lower. Trades at a discount to NAV and there is probably $4-$5 left out of this but will probably take 6 months to do it. No yield.

(A Past Pick Aug 10/11. Up 88.81%.) Still likes. 2 story apartment buildings in Western Canada. Fantastic operation. Vacancy rates in the West are getting tighter so subsidies are getting lower. Trades at a discount to NAV and there is probably $4-$5 left out of this but will probably take 6 months to do it. No yield.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$33.100
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 23, 2012

(A past Pick Aug 10/11. Up 21.3%.) Still likes. Cautionary in that there is a lot of stuff in there that you have to analyze. If you believe the US housing market is stabilizing and the US economy is growing, this is probably worth more.

Bank of America (BAC-N)
August 23, 2012

(A past Pick Aug 10/11. Up 21.3%.) Still likes. Cautionary in that there is a lot of stuff in there that you have to analyze. If you believe the US housing market is stabilizing and the US economy is growing, this is probably worth more.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$8.150
Owned
Yes