Latest Expert Opinions

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Opinion
Expert
COMMENT
COMMENT
April 28, 2015

Over the last few years, we have seen the rails do so well that he no longer owns any of them. This has underperformed Canadian Pacific (CP-T) recently, making it a somewhat better value. In the long run, rails can only grow as fast as the economy, although there are occasional areas of growth such as shipping oil by rail. If it got under $70, he would be looking at it.

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Over the last few years, we have seen the rails do so well that he no longer owns any of them. This has underperformed Canadian Pacific (CP-T) recently, making it a somewhat better value. In the long run, rails can only grow as fast as the economy, although there are occasional areas of growth such as shipping oil by rail. If it got under $70, he would be looking at it.

DON'T BUY
DON'T BUY
April 28, 2015

This has certainly had its problems in the last few years, relative to the other mining sectors. Still has a lot of issues that it has to work out. He would prefer Goldcorp (G-T) where he can see a significant increase in their production going forward.

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Kinross Gold (K-T)
April 28, 2015

This has certainly had its problems in the last few years, relative to the other mining sectors. Still has a lot of issues that it has to work out. He would prefer Goldcorp (G-T) where he can see a significant increase in their production going forward.

COMMENT
COMMENT
April 28, 2015

Considers this to be one of the benchmarks within its sector. Has always been superbly managed. Over the years people have done very well just sticking to this one. Some of their recent diversification efforts they have announced have made sense. This is an interest sensitive sector, and he thinks interest rates at some point are going to rise. When they do, CAP rates are also going to rise and prices of real estate investments may come off a bit.

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Considers this to be one of the benchmarks within its sector. Has always been superbly managed. Over the years people have done very well just sticking to this one. Some of their recent diversification efforts they have announced have made sense. This is an interest sensitive sector, and he thinks interest rates at some point are going to rise. When they do, CAP rates are also going to rise and prices of real estate investments may come off a bit.

COMMENT
COMMENT
April 28, 2015

Given the changes that are going on in telecommunications, this one is not on his radar screen. Valuation wise it doesn’t look out of line. They are trying to refocus their energy. There were some disappointments in the latest quarter, both from a financial side and a subscriber metric that took people by surprise. This is largely a cable company and is finding it hard to compete with Bell’s (BCE-T) new fibre optics product. We are seeing more and more TV watching and phones, etc. are going to Internet protocol environment. Thinks they have a great deal of work to do going forward. Also, wonders about the amount of CapX they’ll need to keep going in the long run.

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Given the changes that are going on in telecommunications, this one is not on his radar screen. Valuation wise it doesn’t look out of line. They are trying to refocus their energy. There were some disappointments in the latest quarter, both from a financial side and a subscriber metric that took people by surprise. This is largely a cable company and is finding it hard to compete with Bell’s (BCE-T) new fibre optics product. We are seeing more and more TV watching and phones, etc. are going to Internet protocol environment. Thinks they have a great deal of work to do going forward. Also, wonders about the amount of CapX they’ll need to keep going in the long run.

COMMENT
COMMENT
April 28, 2015

They are going to have some difficulty with the prices being where they are and the cost of exploiting oil sands projects. Thinks this will be one of the survivors. Have some very good properties and some where they could do a royalty spin off on, which could be a couple of billion dollars for them. Over the next few years, he expects to see the price have much more appreciation power than what the downside risk is. Current yield of 4.5%.

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Cenovus Energy (CVE-T)
April 28, 2015

They are going to have some difficulty with the prices being where they are and the cost of exploiting oil sands projects. Thinks this will be one of the survivors. Have some very good properties and some where they could do a royalty spin off on, which could be a couple of billion dollars for them. Over the next few years, he expects to see the price have much more appreciation power than what the downside risk is. Current yield of 4.5%.

TOP PICK
TOP PICK
April 28, 2015

They have done so much to de-risk their balance sheet and to change the structure of the products that they sell, to be more profitable and less capital markets related. Have built a very strong balance sheet and one of the best capital bases in the industry. Have undertaken some tremendous growth initiatives in Asia as well as the US. Recently made a distribution deal in Asia. Have become very long term in focus and the ROE is improving, which he expects is going to be over 10% going forward. Yield of 2.8%.

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They have done so much to de-risk their balance sheet and to change the structure of the products that they sell, to be more profitable and less capital markets related. Have built a very strong balance sheet and one of the best capital bases in the industry. Have undertaken some tremendous growth initiatives in Asia as well as the US. Recently made a distribution deal in Asia. Have become very long term in focus and the ROE is improving, which he expects is going to be over 10% going forward. Yield of 2.8%.

TOP PICK
TOP PICK
April 28, 2015

One of the leaders in pulse processing for export and domestic markets. Recently have moved into food ingredient areas with pulses. They are non-GMO. They are in a growth segment of the market where there is growing demand. Have been reinvesting and building out and growing out their capital projects. Yield of 2.31%.

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One of the leaders in pulse processing for export and domestic markets. Recently have moved into food ingredient areas with pulses. They are non-GMO. They are in a growth segment of the market where there is growing demand. Have been reinvesting and building out and growing out their capital projects. Yield of 2.31%.