Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
August 23, 2012

(A past Pick Aug 10/11. Up 12%.) 7% Convertible Bond due 2014. Pristine balance sheet. Very low leverage. Almost risk free.

Aecon Group Inc (ARE-T)
August 23, 2012

(A past Pick Aug 10/11. Up 12%.) 7% Convertible Bond due 2014. Pristine balance sheet. Very low leverage. Almost risk free.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$12.860
Owned
Yes
BUY
BUY
August 23, 2012

Best in class. Great free cash flow growth. Great wireless growth. The one weak spot is that they are losing wire lines and TV to Shaw (SJR.B-T). There is a good chance they are going to raise their dividend. 3.8% dividend.

Telus Corp (T-T)
August 23, 2012

Best in class. Great free cash flow growth. Great wireless growth. The one weak spot is that they are losing wire lines and TV to Shaw (SJR.B-T). There is a good chance they are going to raise their dividend. 3.8% dividend.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$63.540
Owned
No
BUY
BUY
August 23, 2012

High-end retirement homes. Very good management team. Still have the ability to grow. Good demographic play. Had a hiccup because of funding issues and operation issues but they are great operators. Payout ratio has grown from 65% in the 3rd quarter to 87.6% in the 4th in 2011. Anything under 90%-100% you are pretty safe.

High-end retirement homes. Very good management team. Still have the ability to grow. Good demographic play. Had a hiccup because of funding issues and operation issues but they are great operators. Payout ratio has grown from 65% in the 3rd quarter to 87.6% in the 4th in 2011. Anything under 90%-100% you are pretty safe.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$9.610
Owned
Yes
HOLD
HOLD
August 23, 2012

Owns the debt but has never owned the equity. Payout is still above 100%. Expanding into the US. Fantastic management and team. If there is an economic event, his bet is that it will be in apartment buildings.

Owns the debt but has never owned the equity. Payout is still above 100%. Expanding into the US. Fantastic management and team. If there is an economic event, his bet is that it will be in apartment buildings.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$28.460
Owned
Yes
PARTIAL SELL
PARTIAL SELL
August 23, 2012

If interest rates go up, this ETF will get hurt as it is a direct proxy on the interest-rate market. He doesn’t think rates are going up for the next year to year and a half. Even if rates stay steady or go lower, he doesn’t think you are getting paid to take on that risk. If you own, consider taking at least half off the table right now.

If interest rates go up, this ETF will get hurt as it is a direct proxy on the interest-rate market. He doesn’t think rates are going up for the next year to year and a half. Even if rates stay steady or go lower, he doesn’t think you are getting paid to take on that risk. If you own, consider taking at least half off the table right now.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$124.930
Owned
No
BUY
BUY
August 23, 2012

Owns this in his bond portfolio. Well diversified. Their loan to values are generally 60% leveraged so you need a drop of more than 40% to take a hit. A great investment in your tax-free account.

Owns this in his bond portfolio. Well diversified. Their loan to values are generally 60% leveraged so you need a drop of more than 40% to take a hit. A great investment in your tax-free account.

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$10.500
Owned
Yes
BUY
BUY
August 23, 2012

(Market Call Minute.) Bonds?

Yellow Media Inc (Y-T)
August 23, 2012

(Market Call Minute.) Bonds?

Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$0.055
Owned
Yes