Latest Expert Opinions

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Opinion
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BUY
BUY
September 23, 2013

REITs should be a part of any portfolio where someone is trying to get yield. It is a reasonable valuation at this point so it is okay to nibble away. Go to a half position. If we pull back 5% then up your position to 10%. There are risks if interest rates rise over the next few years.

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REITs should be a part of any portfolio where someone is trying to get yield. It is a reasonable valuation at this point so it is okay to nibble away. Go to a half position. If we pull back 5% then up your position to 10%. There are risks if interest rates rise over the next few years.

HOLD
HOLD
September 23, 2013

Likes the company. When you invest for dividends be diversified enough that any one bad play does not hurt you too much. It is probably a little toward the upper end of the range right now, so he would not put a lot of new money there so don’t use a DRIP program. Prefers ZWU-T

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Inter Pipeline (IPL-T)
September 23, 2013

Likes the company. When you invest for dividends be diversified enough that any one bad play does not hurt you too much. It is probably a little toward the upper end of the range right now, so he would not put a lot of new money there so don’t use a DRIP program. Prefers ZWU-T

COMMENT
COMMENT
September 23, 2013

There has been a letter of intent from Fairfax Financial (FFH-T) to acquire this company. It is a nonbinding kind of a deal. He wonders if there is a strategy here to try to pull some interests from other sources, but he feels they are willing to go through with the whole transaction. Not sure what it will mean for the company itself. The price they have offered is probably good for the buyer, and perhaps any bid is better than no bid.

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BlackBerry (BB-T)
September 23, 2013

There has been a letter of intent from Fairfax Financial (FFH-T) to acquire this company. It is a nonbinding kind of a deal. He wonders if there is a strategy here to try to pull some interests from other sources, but he feels they are willing to go through with the whole transaction. Not sure what it will mean for the company itself. The price they have offered is probably good for the buyer, and perhaps any bid is better than no bid.

DON'T BUY
DON'T BUY
September 23, 2013

The world has sort of turned against the world of print. Newspapers are having trouble globally. A tough area to make money and it’s going to get tougher.

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TorstarCorp (B) (TS.B-T)
September 23, 2013

The world has sort of turned against the world of print. Newspapers are having trouble globally. A tough area to make money and it’s going to get tougher.

BUY
BUY
September 23, 2013

A good section of his portfolios are in telcos. This hurt when Verizon (VZ-N) rumours came but he added to some of his positions at that time. He is quite happy with the dividends. This one has a good business. Took a big jump up when they sold the fibre-optic side. Took some profits at that time. Excellent yield and dividends are safe.

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A good section of his portfolios are in telcos. This hurt when Verizon (VZ-N) rumours came but he added to some of his positions at that time. He is quite happy with the dividends. This one has a good business. Took a big jump up when they sold the fibre-optic side. Took some profits at that time. Excellent yield and dividends are safe.

COMMENT
COMMENT
September 23, 2013

What factors should we focus on in comparing this with the other lifecos? Also, what should we focus on when comparing with other financial stocks? Lifecos are quite different than other financials. Also, in the insurance industry, it is important to know if a company is in the life side or the casualty side. He stays clear of the casualty side. This is an area that can get squeezed on margins, particularly when bond market yields are so low. Lifecos are legislated to put a portion of their investment portfolios into fixed incomes, and when these are running 2%-3%, it’s a pretty tough market to maintain margins. He owns Great West Life (GWO-T) through Power Financial (PWF-T). Not that enthused about Sun Life.

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What factors should we focus on in comparing this with the other lifecos? Also, what should we focus on when comparing with other financial stocks? Lifecos are quite different than other financials. Also, in the insurance industry, it is important to know if a company is in the life side or the casualty side. He stays clear of the casualty side. This is an area that can get squeezed on margins, particularly when bond market yields are so low. Lifecos are legislated to put a portion of their investment portfolios into fixed incomes, and when these are running 2%-3%, it’s a pretty tough market to maintain margins. He owns Great West Life (GWO-T) through Power Financial (PWF-T). Not that enthused about Sun Life.

BUY
BUY
September 23, 2013

Bell Canada (BCE-T) is his favourite, although he does own some of this as well. Well-run company and it will grow with the market. Have done a reasonable job of getting new business and are in areas that have relatively high growth.

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Telus Corp (T-T)
September 23, 2013

Bell Canada (BCE-T) is his favourite, although he does own some of this as well. Well-run company and it will grow with the market. Have done a reasonable job of getting new business and are in areas that have relatively high growth.