Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
September 16, 2013

Very good balance sheet. Also, pays a pretty good dividend of about 3%. In the longer-term, he really likes the outlook for their major products of metallurgical coal, copper.

Very good balance sheet. Also, pays a pretty good dividend of about 3%. In the longer-term, he really likes the outlook for their major products of metallurgical coal, copper.

Nick Majendie
Director & Senior Portfolio Manager, Scotia Wealth Management
Price
$28.190
Owned
Yes
SELL
SELL
September 16, 2013

Sell or Hold until the REIT IPO is trading? He would sell currently. It has moved up in price. REITs will have some tough sledding over the next while, as we see more product coming onto the market and long-term pressure on interest rates.

Sell or Hold until the REIT IPO is trading? He would sell currently. It has moved up in price. REITs will have some tough sledding over the next while, as we see more product coming onto the market and long-term pressure on interest rates.

Nick Majendie
Director & Senior Portfolio Manager, Scotia Wealth Management
Price
$93.240
Owned
No
BUY WEAKNESS
BUY WEAKNESS
September 16, 2013

Which auto-parts maker would you put your money on and why? His choice would be Magna (MG-T) although the stock has done extremely well. Latest results show the European margins better than had been anticipated so their restructuring efforts are obviously starting to pay dividends. There is still very good leverage. The margin was something like 3.2% and their longer-term goal is to get it to 4%-5% over the next 2-3 years. That would offer a lot of leverage on earnings. Good upside on a 2-three-year basis. Target shorter term is $90.

Magna Int'l. (A) (MG-T)
September 16, 2013

Which auto-parts maker would you put your money on and why? His choice would be Magna (MG-T) although the stock has done extremely well. Latest results show the European margins better than had been anticipated so their restructuring efforts are obviously starting to pay dividends. There is still very good leverage. The margin was something like 3.2% and their longer-term goal is to get it to 4%-5% over the next 2-3 years. That would offer a lot of leverage on earnings. Good upside on a 2-three-year basis. Target shorter term is $90.

Nick Majendie
Director & Senior Portfolio Manager, Scotia Wealth Management
Price
$86.170
Owned
No
TOP PICK
TOP PICK
September 16, 2013

This one is selling at a discount to the group. Pays a very decent dividend of about 6.5%. Good growth. He has a target of $17. They have a good hedging program so have limited the gas risks.

Bonavista Energy Corp (BNP-T)
September 16, 2013

This one is selling at a discount to the group. Pays a very decent dividend of about 6.5%. Good growth. He has a target of $17. They have a good hedging program so have limited the gas risks.

Nick Majendie
Director & Senior Portfolio Manager, Scotia Wealth Management
Price
$13.010
Owned
Yes
TOP PICK
TOP PICK
September 16, 2013

This is a stock that has moved sideways for quite some time. There was a lot of pessimism related to short-term prospects for releasing the New York property and he thinks that has been overly emphasized. Very good growth prospects, both in Britain and North America. Dividend yield of 3.4%. His target is close to $20.

This is a stock that has moved sideways for quite some time. There was a lot of pessimism related to short-term prospects for releasing the New York property and he thinks that has been overly emphasized. Very good growth prospects, both in Britain and North America. Dividend yield of 3.4%. His target is close to $20.

Nick Majendie
Director & Senior Portfolio Manager, Scotia Wealth Management
Price
$17.260
Owned
Yes