Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
September 21, 2012

He likes the REITs. This is an ETF that has been perceived as safe money. Probably just bounced off support at just a little under $17. 4.4% yield. When rates move higher this will probably be hurt but doesn’t see that happening until late 2013.

He likes the REITs. This is an ETF that has been perceived as safe money. Probably just bounced off support at just a little under $17. 4.4% yield. When rates move higher this will probably be hurt but doesn’t see that happening until late 2013.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$17.020
Owned
Unknown
COMMENT
COMMENT
September 21, 2012

Likes the pipelines but thinks they are pretty much at the top of the value range. Cash flow was not that great on it. Good yield at 5.9%. Pipelines will definitely provide some yield but doesn’t see the share price moving that much higher. Could see it reaching $30.

Pembina Pipeline Corp (PPL-T)
September 21, 2012

Likes the pipelines but thinks they are pretty much at the top of the value range. Cash flow was not that great on it. Good yield at 5.9%. Pipelines will definitely provide some yield but doesn’t see the share price moving that much higher. Could see it reaching $30.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$27.460
Owned
Unknown
DON'T BUY
DON'T BUY
September 21, 2012

There are some real risks here because it is so concentrated in Brazil and China. Holds 30 large-cap companies. In 2007-2008, infrastructure was the big buzzword. It never really happened. He is staying clear of emerging-market infrastructure.

There are some real risks here because it is so concentrated in Brazil and China. Holds 30 large-cap companies. In 2007-2008, infrastructure was the big buzzword. It never really happened. He is staying clear of emerging-market infrastructure.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$32.590
Owned
No
COMMENT
COMMENT
September 21, 2012

Not great earnings last quarter. Disappointed on the transportation side. Things were a lot better on the aerospace side. There are 2 issues here. Cash flow has to come in from internal operations and the pipeline on new aircraft must be kept open. Came out with guidance that was a lot better than it had been before.

Bombardier Inc (B) (BBD.B-T)
September 21, 2012

Not great earnings last quarter. Disappointed on the transportation side. Things were a lot better on the aerospace side. There are 2 issues here. Cash flow has to come in from internal operations and the pipeline on new aircraft must be kept open. Came out with guidance that was a lot better than it had been before.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$3.710
Owned
Unknown
BUY
BUY
September 21, 2012

Came out with great earnings in the 2nd quarter. Stock looks really good here. You have to question where oil is going. Anything above $114 a barrel may slow down economic recovery but where we are right now, he likes the oil stocks right here. This is a solid company. Increased cash flow along with production increases.

Cenovus Energy (CVE-T)
September 21, 2012

Came out with great earnings in the 2nd quarter. Stock looks really good here. You have to question where oil is going. Anything above $114 a barrel may slow down economic recovery but where we are right now, he likes the oil stocks right here. This is a solid company. Increased cash flow along with production increases.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$34.440
Owned
Yes
DON'T BUY
DON'T BUY
September 21, 2012

There are a lot of Covered Call ETFs out there that enhance income and give you a lot more money. Haven’t been doing all that well and he thinks it is because it is how the Covered Call works. For instance, he is going to buy a stock for $10 and Sell a Call on it and bring in some money. Calls work wonderfully in a flat or slightly trending market, otherwise he is not big on Call Options. Feels there is more money to be made by strictly buying equities because a Call Option is going to limit your upside.

There are a lot of Covered Call ETFs out there that enhance income and give you a lot more money. Haven’t been doing all that well and he thinks it is because it is how the Covered Call works. For instance, he is going to buy a stock for $10 and Sell a Call on it and bring in some money. Calls work wonderfully in a flat or slightly trending market, otherwise he is not big on Call Options. Feels there is more money to be made by strictly buying equities because a Call Option is going to limit your upside.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$7.350
Owned
Unknown
DON'T BUY
DON'T BUY
September 21, 2012

This was a real favourite ETF of his back in the days of Inco and Falconbridge. Now it is basically agriculture and gold companies in there. Thinks there are better plays out there.

This was a real favourite ETF of his back in the days of Inco and Falconbridge. Now it is basically agriculture and gold companies in there. Thinks there are better plays out there.

Michael Bowman
Portfolio Manager, Wickham Investment Management
Price
$19.320
Owned
Unknown