Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
September 20, 2012

Doing very well but when you really look at the company and get under the hood, you find that this company is really being driven by the success of PayPal. Nothing wrong with that but you have to understand what is driving it. This is really a competitor of Visa (V-N) and MasterCard (MA-N). It is really a payment processor company. Doing well. Trading at a little rich multiple at about 20X earnings.

eBay Inc (EBAY-Q)
September 20, 2012

Doing very well but when you really look at the company and get under the hood, you find that this company is really being driven by the success of PayPal. Nothing wrong with that but you have to understand what is driving it. This is really a competitor of Visa (V-N) and MasterCard (MA-N). It is really a payment processor company. Doing well. Trading at a little rich multiple at about 20X earnings.

Gordon Reid
President, GoodReid Investment Counsel
Price
$50.080
Owned
Unknown
DON'T BUY
DON'T BUY
September 20, 2012

Has been worried about the PC sector. Tablets are literally running them down. It is not even a fair race. This company is the granddaddy of chips. Has lots of resources. They will continue to do very well in the PC market as it exists but given that it is a shrinking market he would be very careful about paying up for this company.

Intel (INTC-Q)
September 20, 2012

Has been worried about the PC sector. Tablets are literally running them down. It is not even a fair race. This company is the granddaddy of chips. Has lots of resources. They will continue to do very well in the PC market as it exists but given that it is a shrinking market he would be very careful about paying up for this company.

Gordon Reid
President, GoodReid Investment Counsel
Price
$23.179
Owned
No
COMMENT
COMMENT
September 20, 2012

Was down and trading in the low teens multiple because of the Durban proposal that would inhibit their debit card business. It is now back to the multiple it deserves given their growth rate. Fairly valued at this price. You are going to rely on organic growth of around 20% a year for your stock appreciation but you shouldn’t expect any upward revision of the multiple that there has been in the past.

Visa Inc. (V-N)
September 20, 2012

Was down and trading in the low teens multiple because of the Durban proposal that would inhibit their debit card business. It is now back to the multiple it deserves given their growth rate. Fairly valued at this price. You are going to rely on organic growth of around 20% a year for your stock appreciation but you shouldn’t expect any upward revision of the multiple that there has been in the past.

Gordon Reid
President, GoodReid Investment Counsel
Price
$134.610
Owned
Yes
DON'T BUY
DON'T BUY
September 20, 2012

Has done very, very well for itself but is still facing a big headwind in Europe. They will lose $1 billion in Europe this year and until that is solved it is going to have some big problems. Average age of the US car is over 11 years so the cycle is very mature and he is looking for sales to increase but you have to let the macro issues sort themselves out. Have a lot of debt and a very large unfunded pension liability.

Ford Motor (F-N)
September 20, 2012

Has done very, very well for itself but is still facing a big headwind in Europe. They will lose $1 billion in Europe this year and until that is solved it is going to have some big problems. Average age of the US car is over 11 years so the cycle is very mature and he is looking for sales to increase but you have to let the macro issues sort themselves out. Have a lot of debt and a very large unfunded pension liability.

Gordon Reid
President, GoodReid Investment Counsel
Price
$10.440
Owned
Unknown
TOP PICK
TOP PICK
September 20, 2012

Parks and resource is about 30% of their total business. The growth engine though is really about content, the movie studios of Pixar and Marvel and their networks ABC and ESPN. Content is becoming more and more valuable because we consumers demand it everywhere we go.

Walt Disney (DIS-N)
September 20, 2012

Parks and resource is about 30% of their total business. The growth engine though is really about content, the movie studios of Pixar and Marvel and their networks ABC and ESPN. Content is becoming more and more valuable because we consumers demand it everywhere we go.

Gordon Reid
President, GoodReid Investment Counsel
Price
$52.660
Owned
Yes
TOP PICK
TOP PICK
September 20, 2012

We are in an Olympic year and a presidential year. For the presidential side they own CNN as well as publication people and Time as well as Warner Bros. This is a content play.

Time Warner Inc (TWX-N)
September 20, 2012

We are in an Olympic year and a presidential year. For the presidential side they own CNN as well as publication people and Time as well as Warner Bros. This is a content play.

Gordon Reid
President, GoodReid Investment Counsel
Price
$45.790
Owned
Yes
TOP PICK
TOP PICK
September 20, 2012

In the business of commercial ovens, ventilators and heat equipment for commercial restaurants. Very acquisitive. Made 7 acquisitions last year which were accretive to the business right at the get-go. Only made one acquisition this year but they are doing very well in earnings progression and revenue progression. Still has room to run.

Middleby Corp. (MIDD-Q)
September 20, 2012

In the business of commercial ovens, ventilators and heat equipment for commercial restaurants. Very acquisitive. Made 7 acquisitions last year which were accretive to the business right at the get-go. Only made one acquisition this year but they are doing very well in earnings progression and revenue progression. Still has room to run.

Gordon Reid
President, GoodReid Investment Counsel
Price
$117.010
Owned
Yes