Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
May 5, 2015

(A Top Pick April 30/14. Up 10.28%.) Thinks the market is cautious on this because of the troubles they had in 2008. He still believes there is a bit of a wait-and-see attitude on it. Well-managed. From a fundamental standpoint it is quite attractive, trading at about 10X earnings. Off the 2008 situation they have a tax credit, a deferred tax account, which is worth $7-$8 a share. The property/casualty area is quite constructive.

(A Top Pick April 30/14. Up 10.28%.) Thinks the market is cautious on this because of the troubles they had in 2008. He still believes there is a bit of a wait-and-see attitude on it. Well-managed. From a fundamental standpoint it is quite attractive, trading at about 10X earnings. Off the 2008 situation they have a tax credit, a deferred tax account, which is worth $7-$8 a share. The property/casualty area is quite constructive.

Gordon Reid
President, GoodReid Investment Counsel
Price
$58.000
Owned
Yes
PAST TOP PICK
PAST TOP PICK
May 5, 2015

(A Top Pick April 30/14. Up 10.58%.) Bought this basically on the back of what he expected and still expects, i.e. a long term secular move in terms of the housing market and household formation. Looking at statistics, household formation in the US right now is running somewhere around $1 million a year, and the run rate of $1.5 million a year is needed to keep up with the immigration and population growth. Well-managed and produce a good product. Have done well and thinks they will do better.

(A Top Pick April 30/14. Up 10.58%.) Bought this basically on the back of what he expected and still expects, i.e. a long term secular move in terms of the housing market and household formation. Looking at statistics, household formation in the US right now is running somewhere around $1 million a year, and the run rate of $1.5 million a year is needed to keep up with the immigration and population growth. Well-managed and produce a good product. Have done well and thinks they will do better.

Gordon Reid
President, GoodReid Investment Counsel
Price
$26.230
Owned
Yes
PAST TOP PICK
PAST TOP PICK
May 5, 2015

(A Top Pick April 30/14. Up 8.9%.) Last quarter was gangbusters. Came out with very, very strong numbers. Expects gross bookings and earnings to rise, somewhere in the high 20% area. Trading at below 20X earnings, so not expensive.

(A Top Pick April 30/14. Up 8.9%.) Last quarter was gangbusters. Came out with very, very strong numbers. Expects gross bookings and earnings to rise, somewhere in the high 20% area. Trading at below 20X earnings, so not expensive.

Gordon Reid
President, GoodReid Investment Counsel
Price
$1263.320
Owned
Yes
COMMENT
COMMENT
May 5, 2015

Sold his holdings about a year ago. They recently made a huge announcement in terms of selling off the assets of GE Capital. This had been a problem through the 2008 time period because it was a financial hiding out as an industrial. The selloff is going to hurt earnings because GE Capital is a big contributor to earnings. They are offsetting that in large part with a huge buyback.

Sold his holdings about a year ago. They recently made a huge announcement in terms of selling off the assets of GE Capital. This had been a problem through the 2008 time period because it was a financial hiding out as an industrial. The selloff is going to hurt earnings because GE Capital is a big contributor to earnings. They are offsetting that in large part with a huge buyback.

Gordon Reid
President, GoodReid Investment Counsel
Price
$26.920
Owned
No
COMMENT
COMMENT
May 5, 2015

His feeling on this is that you are probably better off buying the car rather than the stock. The company has a tremendous amount of optimism built into the stock price. They produce a wonderful product. But looking at the stock in any way, they are many, many hundreds of times more expensive than Ford (F-N) or General Motors (GM-N). Thinks the market got carried away with their response to the product, and bid the stock up to levels that is pure speculation.

His feeling on this is that you are probably better off buying the car rather than the stock. The company has a tremendous amount of optimism built into the stock price. They produce a wonderful product. But looking at the stock in any way, they are many, many hundreds of times more expensive than Ford (F-N) or General Motors (GM-N). Thinks the market got carried away with their response to the product, and bid the stock up to levels that is pure speculation.

Gordon Reid
President, GoodReid Investment Counsel
Price
$232.950
Owned
Unknown
COMMENT
COMMENT
May 5, 2015

A pharmacy benefits manager (PBM) which basically creates a large buying pool on behalf of their holders. Thinks this whole group is interesting, but he has chosen to play it by owning CVS Health (CVS-N), which owns a company called CareMark, a competitor of this company. He would prefer CVS Health instead.

A pharmacy benefits manager (PBM) which basically creates a large buying pool on behalf of their holders. Thinks this whole group is interesting, but he has chosen to play it by owning CVS Health (CVS-N), which owns a company called CareMark, a competitor of this company. He would prefer CVS Health instead.

Gordon Reid
President, GoodReid Investment Counsel
Price
$84.610
Owned
No
COMMENT
COMMENT
May 5, 2015

Feels that people are questioning the long-term viability of this company’s model, in terms of monetizing the different initiatives that they have. Also, their dedication to good management, expense control, etc. He thinks the company is responding. What it is doing behind the scenes is getting less and less expensive, because they are growing. Have brought on a new CFO to handle their cost control. There are going to be some good things from this company.

Feels that people are questioning the long-term viability of this company’s model, in terms of monetizing the different initiatives that they have. Also, their dedication to good management, expense control, etc. He thinks the company is responding. What it is doing behind the scenes is getting less and less expensive, because they are growing. Have brought on a new CFO to handle their cost control. There are going to be some good things from this company.

Gordon Reid
President, GoodReid Investment Counsel
Price
$543.045
Owned
Yes