Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
September 18, 2013

Undervalued, experimental medicines is the cure for an ailing portfolio. Well-run company. Healthcare is in a secular bull market. He would wait for a pullback or a breakout. Yield of 3.38%.

AbbVie Inc.(ABBV-N)
September 18, 2013

Undervalued, experimental medicines is the cure for an ailing portfolio. Well-run company. Healthcare is in a secular bull market. He would wait for a pullback or a breakout. Yield of 3.38%.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$47.920
Owned
Yes
TOP PICK
TOP PICK
September 18, 2013

In hindsight, the whole Verizon (VZ-N) thing seemed to be a red herring. Even if other companies came into Canada, he doesn’t expect it would affect valuations on our companies. There is a lot of support in the $40 range. Have lots of room to raise the dividend. Yield of 5.33%.

BCE Inc.(BCE-T)
September 18, 2013

In hindsight, the whole Verizon (VZ-N) thing seemed to be a red herring. Even if other companies came into Canada, he doesn’t expect it would affect valuations on our companies. There is a lot of support in the $40 range. Have lots of room to raise the dividend. Yield of 5.33%.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$43.690
Owned
Yes
TOP PICK
TOP PICK
September 18, 2013

This one is on a risk/reward basis. Current thinking is that interest sensitives, be it bonds or utilities, sentiment is terrible, inflation is apparently coming and rates are going to be rising. He doesn’t think this thesis is a strong as we think. This is really a question of valuation. Yield of 4.07%.

Fortis Inc.(FTS-T)
September 18, 2013

This one is on a risk/reward basis. Current thinking is that interest sensitives, be it bonds or utilities, sentiment is terrible, inflation is apparently coming and rates are going to be rising. He doesn’t think this thesis is a strong as we think. This is really a question of valuation. Yield of 4.07%.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$30.880
Owned
Yes
HOLD
HOLD
September 18, 2013

Banks, whether looking in the US or Canada, have been beneficiaries of government stimulus, especially Canadian banks. Chart indicates that we might be a little bit overbought in the short term, but looking at support, it comes in at around $62.

Bank of Montreal(BMO-T)
September 18, 2013

Banks, whether looking in the US or Canada, have been beneficiaries of government stimulus, especially Canadian banks. Chart indicates that we might be a little bit overbought in the short term, but looking at support, it comes in at around $62.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$67.410
Owned
Unknown
BUY
BUY
September 18, 2013

For individual seasonality, you might want to look at www.equityclock.com. Hit Charts and punch in any stock you want and that will give you specific seasonality. There are usually 2 periods for energy, winter and another one in the summer. The little breakout a while ago, following the base pattern, was very positive. He expects it to get to around $4.50 at which point he would start paring.

Bankers Petroleum(BNK-T)
September 18, 2013

For individual seasonality, you might want to look at www.equityclock.com. Hit Charts and punch in any stock you want and that will give you specific seasonality. There are usually 2 periods for energy, winter and another one in the summer. The little breakout a while ago, following the base pattern, was very positive. He expects it to get to around $4.50 at which point he would start paring.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$3.820
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
September 18, 2013

Just announced 2nd quarter earnings, where adjusted net earnings dropped quite a bit and the stock dropped. Looks like they threw everything in but the kitchen sink. Sometimes when companies do this, as much as it causes havoc the day it happens, it sets the stage going forward for a positive announcement. Technically, it gapped up to around $72 and it doesn’t break down below that, it is pretty good. $70-$72 is probably a pretty good range and at $70 he would be looking to add to his portfolio.

Empire Company (A)(EMP.A-T)
September 18, 2013

Just announced 2nd quarter earnings, where adjusted net earnings dropped quite a bit and the stock dropped. Looks like they threw everything in but the kitchen sink. Sometimes when companies do this, as much as it causes havoc the day it happens, it sets the stage going forward for a positive announcement. Technically, it gapped up to around $72 and it doesn’t break down below that, it is pretty good. $70-$72 is probably a pretty good range and at $70 he would be looking to add to his portfolio.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$76.200
Owned
No
COMMENT
COMMENT
September 18, 2013

Although their flight was successful, the stock dropped. This is a case of Buy on Rumour and Sell on News scenario. Chart shows an upward trend from late 2012. This is going to be a bit of a wild ride. If it gets above the $5 mark, there is a lot of room up to the $7 range. He expects there would be support in the $4.72 area with the next level being at $4.32. If you are a long-term holder, he would stick with it.

Bombardier Inc (B)(BBD.B-T)
September 18, 2013

Although their flight was successful, the stock dropped. This is a case of Buy on Rumour and Sell on News scenario. Chart shows an upward trend from late 2012. This is going to be a bit of a wild ride. If it gets above the $5 mark, there is a lot of room up to the $7 range. He expects there would be support in the $4.72 area with the next level being at $4.32. If you are a long-term holder, he would stick with it.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$4.800
Owned
No