Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
July 28, 2014

The oil and gas companies will be facing the tax man as tax pools run out. But CPG-T is nowhere near that point. They are aggressive in acquiring company’s land. They are perfecting water flood secondary recovery.

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The oil and gas companies will be facing the tax man as tax pools run out. But CPG-T is nowhere near that point. They are aggressive in acquiring company’s land. They are perfecting water flood secondary recovery.

BUY
BUY
July 28, 2014

Had a fairly good run, but would still buy it. As they get more and more into ingredients, rather than just the pulses, it is certainly broadening their markets. Have a new line in North Dakota, and are talking about adding a 2nd line to that production facility. Situated pretty well on a global basis between operations in North America and Turkey, etc. Trading at about 12.5X earnings, which is not terribly rich.

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Had a fairly good run, but would still buy it. As they get more and more into ingredients, rather than just the pulses, it is certainly broadening their markets. Have a new line in North Dakota, and are talking about adding a 2nd line to that production facility. Situated pretty well on a global basis between operations in North America and Turkey, etc. Trading at about 12.5X earnings, which is not terribly rich.

COMMENT
COMMENT
July 28, 2014

Very well-run utility and is well-positioned. Their earnings are growing, and they seem to be on the right track. Has a nice yield. Their recent deal in the US is very much a transformational deal for them. It almost doubles their size, and opens up a whole new market to them.

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Fortis Inc. (FTS-T)
July 28, 2014

Very well-run utility and is well-positioned. Their earnings are growing, and they seem to be on the right track. Has a nice yield. Their recent deal in the US is very much a transformational deal for them. It almost doubles their size, and opens up a whole new market to them.

DON'T BUY
DON'T BUY
July 28, 2014

He doesn’t have too much of a position in telecommunications. Going from the 3-year to the 2-year contracts has made it more expensive, and he thinks people are holding on to their phones a little longer. Also, when they do issue new phones, they now have to amortize them over a shorter period of time to recoup their costs. Revenues per person are being squeezed a little. Very competitive market. With the government wanting a 4th national competitor, that could really affect the market to some extent too. Too many uncertainties.

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Telus Corp (T-T)
July 28, 2014

He doesn’t have too much of a position in telecommunications. Going from the 3-year to the 2-year contracts has made it more expensive, and he thinks people are holding on to their phones a little longer. Also, when they do issue new phones, they now have to amortize them over a shorter period of time to recoup their costs. Revenues per person are being squeezed a little. Very competitive market. With the government wanting a 4th national competitor, that could really affect the market to some extent too. Too many uncertainties.

BUY
BUY
July 28, 2014

Moved from Brookfield Office to this. Probably a reasonable thing to do. Property is certainly a good area to be exposed to at this time. The REIT side of the market is mainly going to be supported by yield from here on in, but yields are not too bad. This one has always been a very, very well-managed company. This is something you could invest in for the long term.

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Moved from Brookfield Office to this. Probably a reasonable thing to do. Property is certainly a good area to be exposed to at this time. The REIT side of the market is mainly going to be supported by yield from here on in, but yields are not too bad. This one has always been a very, very well-managed company. This is something you could invest in for the long term.

BUY
BUY
July 28, 2014

Feels the market has been improving for them a little bit lately, with the increasing activity in oil/gas and some of the mining sectors. A cyclical company. Right now it is probably a good company to own. Management would be pretty determined to retain their dividend. Yield of 6.8%.

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Wajax Corp (WJX-T)
July 28, 2014

Feels the market has been improving for them a little bit lately, with the increasing activity in oil/gas and some of the mining sectors. A cyclical company. Right now it is probably a good company to own. Management would be pretty determined to retain their dividend. Yield of 6.8%.

COMMENT
COMMENT
July 28, 2014

Made a good profit on the rails, but bailed out long before their latest profits. If he were comparing this with Canadian Pacific (CP-T) today on a valuation perspective, he would certainly own this one. It is a more profitable company with a lower operating ratio. A much bigger company in terms of revenues. Rails are currently trading at 20X earnings, and he would have to see a fairly significant correction of 25% or more, before he was interested.

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Made a good profit on the rails, but bailed out long before their latest profits. If he were comparing this with Canadian Pacific (CP-T) today on a valuation perspective, he would certainly own this one. It is a more profitable company with a lower operating ratio. A much bigger company in terms of revenues. Rails are currently trading at 20X earnings, and he would have to see a fairly significant correction of 25% or more, before he was interested.