Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
March 21, 2014

Finnish company. Third-largest elevator/escalator company globally. Trades in Helsinki, but also in New York in the Pink Sheets. Has 2 distinct businesses. One is the new elevator and elevator construction business and the other part is the maintenance business. In the developing world, the big business is new elevators, new escalators and construction. In the developed world, the big business is on maintenance contracts. Margins on these are humongous. Yield of 3.44%.

Kone Oyj (KNEBV-OMX)
March 21, 2014

Finnish company. Third-largest elevator/escalator company globally. Trades in Helsinki, but also in New York in the Pink Sheets. Has 2 distinct businesses. One is the new elevator and elevator construction business and the other part is the maintenance business. In the developing world, the big business is new elevators, new escalators and construction. In the developed world, the big business is on maintenance contracts. Margins on these are humongous. Yield of 3.44%.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$0.000
Owned
Yes
TOP PICK
TOP PICK
March 21, 2014

Oil sands producers in general have been treading water. In this company’s case, it has been largely because Syncrude has been expanding a lot and there have been huge capital expenditures so the debt level has gone up a lot and the dividend has not gone. Starting next year, capital expenditures start to plummet as the expansion becomes complete. Thinks production will start to go up. Unlike a lot of other producers, Syncrude produces light sweet crude, which gets a slight premium to market price, not a discounted price. They are not subject to Keystone. 6.4% dividend yield.

Oil sands producers in general have been treading water. In this company’s case, it has been largely because Syncrude has been expanding a lot and there have been huge capital expenditures so the debt level has gone up a lot and the dividend has not gone. Starting next year, capital expenditures start to plummet as the expansion becomes complete. Thinks production will start to go up. Unlike a lot of other producers, Syncrude produces light sweet crude, which gets a slight premium to market price, not a discounted price. They are not subject to Keystone. 6.4% dividend yield.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$21.990
Owned
Yes
TOP PICK
TOP PICK
March 21, 2014

Packaging. World’s largest converter of pressure sensitive labels. Clients are the major consumer goods companies of the world. Got bigger last year when they acquired Avery pressure sensitive business. Earnings this year and next are exploding because of that. Also, in aluminum aerosol cans as well as the plastic laminate tubes that cosmetics come in. Yield of 1.07%.

Packaging. World’s largest converter of pressure sensitive labels. Clients are the major consumer goods companies of the world. Got bigger last year when they acquired Avery pressure sensitive business. Earnings this year and next are exploding because of that. Also, in aluminum aerosol cans as well as the plastic laminate tubes that cosmetics come in. Yield of 1.07%.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$93.000
Owned
Yes
COMMENT
COMMENT
March 21, 2014

Has been reluctant to add to his holdings. Reported good earnings. While it is not a bargain, it is not vastly overpriced. Dividend is safe.

Has been reluctant to add to his holdings. Reported good earnings. While it is not a bargain, it is not vastly overpriced. Dividend is safe.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$38.250
Owned
Yes
BUY
BUY
March 21, 2014

Has been a disappointment along with most oil sands producers. Has been kind of just treading water and going sideways however, some of them have started to stick their nose up now, which he is very happy about. Would have no problem buying this. Thinks it has a great future. It has to break out of its sideways pattern. (See Top Picks.)

Has been a disappointment along with most oil sands producers. Has been kind of just treading water and going sideways however, some of them have started to stick their nose up now, which he is very happy about. Would have no problem buying this. Thinks it has a great future. It has to break out of its sideways pattern. (See Top Picks.)

Norman Levine
Managing Director, Portfolio Management Corp
Price
$36.340
Owned
Yes
HOLD
HOLD
March 21, 2014

Likes the life insurance area in Canada better than the bank area because their interest-rate sensitivity is greater. When interest rates go up, they are huge beneficiaries. Also, feels they have much greater earnings growth potential. Banks have some pretty big headwinds. This lifeco is a little bit different because it recently bought Irish Life, which exposes it more to the European market. There is some confusion here, but this weekend Britain came out with some new standards as far as annuities go in England and they are a big player in that. He has seen some research reports that go both ways that it is either positive or negative for them and he is not quite sure what the answer is.

Likes the life insurance area in Canada better than the bank area because their interest-rate sensitivity is greater. When interest rates go up, they are huge beneficiaries. Also, feels they have much greater earnings growth potential. Banks have some pretty big headwinds. This lifeco is a little bit different because it recently bought Irish Life, which exposes it more to the European market. There is some confusion here, but this weekend Britain came out with some new standards as far as annuities go in England and they are a big player in that. He has seen some research reports that go both ways that it is either positive or negative for them and he is not quite sure what the answer is.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$29.840
Owned
Unknown
COMMENT
COMMENT
March 21, 2014

Like all other drilling companies they have been affected by the weather, which has depressed earnings and probably will for the 1st quarter as well. He is viewing this as a 2nd half stock. If it were broken up and sold it would be worth about $3.50 which shows it is severely undervalued. Has a great yield (4.38%) which is safe. Good management. Very well run. Have good prospects for the year.

Like all other drilling companies they have been affected by the weather, which has depressed earnings and probably will for the 1st quarter as well. He is viewing this as a 2nd half stock. If it were broken up and sold it would be worth about $3.50 which shows it is severely undervalued. Has a great yield (4.38%) which is safe. Good management. Very well run. Have good prospects for the year.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$2.730
Owned
Yes