Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
July 31, 2014

Great Short? If you Short here, you are going to have to pay that -10% dividend that the stock is paying. They just came out in Q2 and said that the dividend is safe, at least until the end of 2014. The housing data in the US was a big surprise. OSB pricing is exceptionally weak, however the company is executing. Better pricing and their shipments are up 10%, year-over-year. There is a lot of talk right now that the housing recovery doesn’t happen, and he thinks that pent-up demand will eventually turn housing around.

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Norbord Inc. (OSB-N)
July 31, 2014

Great Short? If you Short here, you are going to have to pay that -10% dividend that the stock is paying. They just came out in Q2 and said that the dividend is safe, at least until the end of 2014. The housing data in the US was a big surprise. OSB pricing is exceptionally weak, however the company is executing. Better pricing and their shipments are up 10%, year-over-year. There is a lot of talk right now that the housing recovery doesn’t happen, and he thinks that pent-up demand will eventually turn housing around.

BUY
BUY
July 31, 2014

Thinks they can grow their operational earnings by 8.7% in the next couple of years. The US banking exposure is going to limit some of their growth right now. Have very favourable trends in credit expenses. Thinks you can get $59-$60 over the next 12 months combined with a nice dividend.

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Thinks they can grow their operational earnings by 8.7% in the next couple of years. The US banking exposure is going to limit some of their growth right now. Have very favourable trends in credit expenses. Thinks you can get $59-$60 over the next 12 months combined with a nice dividend.

BUY
BUY
July 31, 2014

Suffered a little bit because natural gas prices have come down. He is constructive on this name. Just reported and had 110,000 production versus 107,000 that the market was looking for. Their Parkland and Tower assets are having very impressive production growth. His model suggests that this could have 40% earnings growth over the next few years. Payout ratio of 116% on 2015 estimates is pretty good. A pretty clean balance sheet.

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Suffered a little bit because natural gas prices have come down. He is constructive on this name. Just reported and had 110,000 production versus 107,000 that the market was looking for. Their Parkland and Tower assets are having very impressive production growth. His model suggests that this could have 40% earnings growth over the next few years. Payout ratio of 116% on 2015 estimates is pretty good. A pretty clean balance sheet.

BUY WEAKNESS
BUY WEAKNESS
July 31, 2014

Have done a great job in replacing their lost Suncor contract. Thinks the 5.1% dividend yield is pretty safe for 2014 with a 71% payout ratio. Have a really good history of growing by acquisition. Balance sheet still has flexibility to be able to make more acquisitions. Not a whole lot of organic growth right now and yet it is trading beyond its 5-year average. He would buy this on a pullback.

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Have done a great job in replacing their lost Suncor contract. Thinks the 5.1% dividend yield is pretty safe for 2014 with a 71% payout ratio. Have a really good history of growing by acquisition. Balance sheet still has flexibility to be able to make more acquisitions. Not a whole lot of organic growth right now and yet it is trading beyond its 5-year average. He would buy this on a pullback.

BUY
BUY
July 31, 2014

They are upping their exposure into the US, which is currently at about 24%. Their goal is 30%. A higher leveraged name, but their balance sheet is improving. He sees in-line growth of around 3.5%, which is equal to its diversified peers. Payout ratio is trending down and looking a lot better.

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They are upping their exposure into the US, which is currently at about 24%. Their goal is 30%. A higher leveraged name, but their balance sheet is improving. He sees in-line growth of around 3.5%, which is equal to its diversified peers. Payout ratio is trending down and looking a lot better.

BUY
BUY
July 31, 2014

Trading at a Price to Book of around 1.4% and is on track for its 2016 targets, and he sees them growing their annual compound growth rate and operating earnings at 19% over the next 2 years. This is a name for the future.

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Trading at a Price to Book of around 1.4% and is on track for its 2016 targets, and he sees them growing their annual compound growth rate and operating earnings at 19% over the next 2 years. This is a name for the future.

DON'T BUY
DON'T BUY
July 31, 2014

Have been improving their operations and have been making asset sales, which is what the market wants to see. Payout ratio is getting a little bit better. For the risks, he thinks there are better names such as Long Run Energy (LRE-T) which probably has much better upside. He is optimistic as they have executed on their turnaround, but there are better opportunities elsewhere.

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Have been improving their operations and have been making asset sales, which is what the market wants to see. Payout ratio is getting a little bit better. For the risks, he thinks there are better names such as Long Run Energy (LRE-T) which probably has much better upside. He is optimistic as they have executed on their turnaround, but there are better opportunities elsewhere.