Latest Expert Opinions

Signal
Opinion
Expert
PARTIAL BUY
PARTIAL BUY
September 11, 2015

His preferred pick would be Toronto Dominion (TD-T) because of their access to the US and the revenue that is coming out of there. This is a bank that traditionally always trades at a premium of all the banks, because of the growth profile. It is currently trading at a discount. This is the bank that is going to perform the best when interest rates start to rise. Nibbling away at this would be a good investment for the long-term.

Canadian Western Bank (CWB-T)
September 11, 2015

His preferred pick would be Toronto Dominion (TD-T) because of their access to the US and the revenue that is coming out of there. This is a bank that traditionally always trades at a premium of all the banks, because of the growth profile. It is currently trading at a discount. This is the bank that is going to perform the best when interest rates start to rise. Nibbling away at this would be a good investment for the long-term.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$22.660
Owned
Yes
COMMENT
COMMENT
September 11, 2015

Considers this a utility as it has a 3rd gas distribution, a 3rd electrical power generation and a 3rd of midstream assets. Very stable earnings and revenue going forward. If you are looking to get a rebound in energy without having to take too much of a downside from commodity pricing, this is one area that you could put money to work. It is one of the companies that is going to perform the best when we start to see some of the LNG finally come to fruition in Canada.

Altagas Ltd (ALA-T)
September 11, 2015

Considers this a utility as it has a 3rd gas distribution, a 3rd electrical power generation and a 3rd of midstream assets. Very stable earnings and revenue going forward. If you are looking to get a rebound in energy without having to take too much of a downside from commodity pricing, this is one area that you could put money to work. It is one of the companies that is going to perform the best when we start to see some of the LNG finally come to fruition in Canada.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$34.460
Owned
Unknown
COMMENT
COMMENT
September 11, 2015

Starting to look like very deep value. A business with growth and yield. Doesn’t think there will be any dividend increases for any of these businesses, given the current commodity environment. They are moving trucks around and starting to get them out of the commodity sensitive areas, and moving them more towards construction areas and into the US. This is a way to get exposure in the US homebuilding and construction market. Doesn’t think we are going to see this appreciate anytime soon unless there is a little bit of turn up in the energy side.

Badger Daylighting (BAD-T)
September 11, 2015

Starting to look like very deep value. A business with growth and yield. Doesn’t think there will be any dividend increases for any of these businesses, given the current commodity environment. They are moving trucks around and starting to get them out of the commodity sensitive areas, and moving them more towards construction areas and into the US. This is a way to get exposure in the US homebuilding and construction market. Doesn’t think we are going to see this appreciate anytime soon unless there is a little bit of turn up in the energy side.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$19.460
Owned
Unknown
DON'T BUY
DON'T BUY
September 11, 2015

Had a very soft quarter. A big chunk of their business comes out of Alberta and sales have been slow in that part of the country. Wait on the sidelines until you see what happens in the Alberta market. (See Top Picks.)

Had a very soft quarter. A big chunk of their business comes out of Alberta and sales have been slow in that part of the country. Wait on the sidelines until you see what happens in the Alberta market. (See Top Picks.)

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$17.560
Owned
Unknown
DON'T BUY
DON'T BUY
September 11, 2015

A big yield of about 9%, which is covered by earnings. The last quarter had very disappointing numbers out of the Montréal office, disappointing numbers on retail at east. They had 7 target locations, and only have 2 them leased up now. Putting that altogether, retail/office is not very good. On the flipside, industrial was absolutely fantastic growing at about 4.6%. Net occupancy was down. There are better places to put your money.

A big yield of about 9%, which is covered by earnings. The last quarter had very disappointing numbers out of the Montréal office, disappointing numbers on retail at east. They had 7 target locations, and only have 2 them leased up now. Putting that altogether, retail/office is not very good. On the flipside, industrial was absolutely fantastic growing at about 4.6%. Net occupancy was down. There are better places to put your money.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$16.210
Owned
Unknown
COMMENT
COMMENT
September 11, 2015

A very good area to put money to work. You’ll have to be a little patient. They’re growing revenue in Europe, so they are expanding the business. Canadian utility space has been very active outside of Canada for growth. This company is in the process of building 2 very large projects in the North Sea, and will be very interesting projects when they come to fruition. However, management is going to have to prove that they can get these projects on time, on budget, to market in 2017.

Northland Power Inc (NPI-T)
September 11, 2015

A very good area to put money to work. You’ll have to be a little patient. They’re growing revenue in Europe, so they are expanding the business. Canadian utility space has been very active outside of Canada for growth. This company is in the process of building 2 very large projects in the North Sea, and will be very interesting projects when they come to fruition. However, management is going to have to prove that they can get these projects on time, on budget, to market in 2017.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$16.030
Owned
Unknown
TOP PICK
TOP PICK
September 11, 2015

In this market, you want to own earnings growth and this is a company that will continue to deliver it. Traditionally this was not managed for costs, but they got the costs down to half of what it originally was at Burger King, and will do the same thing at Tim Hortons. They were also able to open 2000 Burger King locations in 4 years internationally, and will do the same thing with Tim’s. Dividend yield of 1.31%.

In this market, you want to own earnings growth and this is a company that will continue to deliver it. Traditionally this was not managed for costs, but they got the costs down to half of what it originally was at Burger King, and will do the same thing at Tim Hortons. They were also able to open 2000 Burger King locations in 4 years internationally, and will do the same thing with Tim’s. Dividend yield of 1.31%.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$49.500
Owned
Yes