Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
September 12, 2013

Investors in general are very interested in seeing strong recurring and growing cash flows. One of the things that Warren Buffett, particularly looks for is cash flow and visible cash flow. Made lots of acquisitions and private investments over the last number of years.

Investors in general are very interested in seeing strong recurring and growing cash flows. One of the things that Warren Buffett, particularly looks for is cash flow and visible cash flow. Made lots of acquisitions and private investments over the last number of years.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$113.380
Owned
No
COMMENT
COMMENT
September 12, 2013

Trading at a higher multiple of earnings due to the fame of Hunter Harrison. As they continue to build value into the company, is it likely it will experience PE compression over time, or will they be able to maintain that high multiple of earnings? So far he is doing a great job, so multiples will expand or contract based on their success going forward. If they can continue to execute, the multiple can continue to expand a bit. Rails have been a little choppy in the last little while, so the group does not have quite the same tailwind that it had. This one, with very heavy exposure to moving commodities, is fighting a headwind.

Canadian Pacific Rail (CP-T)
September 12, 2013

Trading at a higher multiple of earnings due to the fame of Hunter Harrison. As they continue to build value into the company, is it likely it will experience PE compression over time, or will they be able to maintain that high multiple of earnings? So far he is doing a great job, so multiples will expand or contract based on their success going forward. If they can continue to execute, the multiple can continue to expand a bit. Rails have been a little choppy in the last little while, so the group does not have quite the same tailwind that it had. This one, with very heavy exposure to moving commodities, is fighting a headwind.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$125.640
Owned
Unknown
BUY
BUY
September 12, 2013

Clearly trying to show that the business is worth more than the sum of the parts and this is likely true. Stock is behaving particularly well. Had a nice lift as the Verizon (VZ-N) deal was coming out and it continues to lift.

Vodafone Group PLC (VOD-Q)
September 12, 2013

Clearly trying to show that the business is worth more than the sum of the parts and this is likely true. Stock is behaving particularly well. Had a nice lift as the Verizon (VZ-N) deal was coming out and it continues to lift.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$33.400
Owned
Unknown
DON'T BUY
DON'T BUY
September 12, 2013

His REIT exposure is fairly low. His income portfolios a year ago would have been 22%-23% of the portfolio but today, is only about 6%. In particular, he focused on industrial REITs and more interested in Canada and US than anywhere else. Wouldn’t be too concerned about their holdings in Germany as Germany’s economy is pretty strong, but he would prefer to stay closer to home. This one has not been a strong performer and he prefers looking for those securities within a sector that are holding up better than the rest through a downturn, because they will generally lead on the other side.

Dream Global REIT (DRG.UN-T)
September 12, 2013

His REIT exposure is fairly low. His income portfolios a year ago would have been 22%-23% of the portfolio but today, is only about 6%. In particular, he focused on industrial REITs and more interested in Canada and US than anywhere else. Wouldn’t be too concerned about their holdings in Germany as Germany’s economy is pretty strong, but he would prefer to stay closer to home. This one has not been a strong performer and he prefers looking for those securities within a sector that are holding up better than the rest through a downturn, because they will generally lead on the other side.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$8.850
Owned
No
PAST TOP PICK
PAST TOP PICK
September 12, 2013

(A Top Pick September 18/12. Up 10.79%.) Of the infrastructure companies, there are probably 3 or 4 that he prefers over this one. This is the most utility like of the bunch. They have some very attractive growth assets as well. They’ll continue to grow the dividend. There’s a good chance it will have a pretty good fall.

Altagas Ltd (ALA-T)
September 12, 2013

(A Top Pick September 18/12. Up 10.79%.) Of the infrastructure companies, there are probably 3 or 4 that he prefers over this one. This is the most utility like of the bunch. They have some very attractive growth assets as well. They’ll continue to grow the dividend. There’s a good chance it will have a pretty good fall.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$35.000
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 12, 2013

(A Top Pick September 18/12. Down 49.77%.) Last year this was around $7-$8 and got to almost $14. He got stopped out at $12 (Up 9.8%).

Sandstorm Gold Ltd. (SSL-T)
September 12, 2013

(A Top Pick September 18/12. Down 49.77%.) Last year this was around $7-$8 and got to almost $14. He got stopped out at $12 (Up 9.8%).

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$5.560
Owned
No
PAST TOP PICK
PAST TOP PICK
September 12, 2013

(A Top Pick September 18/12. Down 0.38%.) Many of the emerging markets had a very, very good fall and early winter this year but you had to come out of them in January-February. Be careful of emerging economies now as they are highly related to commodities whose prices look like they could be weak for a while.

(A Top Pick September 18/12. Down 0.38%.) Many of the emerging markets had a very, very good fall and early winter this year but you had to come out of them in January-February. Be careful of emerging economies now as they are highly related to commodities whose prices look like they could be weak for a while.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$64.760
Owned
No