Latest Expert Opinions

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Opinion
Expert
COMMENT
COMMENT
January 26, 2016

His work entails looking at stock prices relative to “his” adjusted Book Values. This company got way overvalued at $70, and way over its Fair Market Value. All the pipelines look exactly like this, getting way above FMV. They have fallen back to their FMV’s, and some a bit below. (See Top Picks.)

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Enbridge (ENB-T)
January 26, 2016

His work entails looking at stock prices relative to “his” adjusted Book Values. This company got way overvalued at $70, and way over its Fair Market Value. All the pipelines look exactly like this, getting way above FMV. They have fallen back to their FMV’s, and some a bit below. (See Top Picks.)

COMMENT
COMMENT
January 26, 2016

This has had a heck of a correction, almost 50%. The problem is that the earnings forecast has been rising and rising, and has now turned and is going down. This is a reflection on the movement of goods in the US economy, including away from the ports. He had a “bounce target” of $66. To get the stock really, really cheaply, you want it to get down to 2X Book which is $53-$54. He would be afraid of another 10% drop in the market. If it did, this would then be beautifully cheap.

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Union Pacific Corp (UNP-N)
January 26, 2016

This has had a heck of a correction, almost 50%. The problem is that the earnings forecast has been rising and rising, and has now turned and is going down. This is a reflection on the movement of goods in the US economy, including away from the ports. He had a “bounce target” of $66. To get the stock really, really cheaply, you want it to get down to 2X Book which is $53-$54. He would be afraid of another 10% drop in the market. If it did, this would then be beautifully cheap.

DON'T BUY
DON'T BUY
January 26, 2016

This has given him a Sell signal and won’t give him a Buy until about $69-$71.

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This has given him a Sell signal and won’t give him a Buy until about $69-$71.

DON'T BUY
DON'T BUY
January 26, 2016

This has set back from its high, but FMV is only about 18%-19% above where it is now. That may be enough to turn things around. It is on structural support at around $94, and maybe it will rebound from here, but the stock isn’t cheap. If there is further weakness in the market, he wouldn’t be surprised if this falls further.

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CVS Health Corp (CVS-N)
January 26, 2016

This has set back from its high, but FMV is only about 18%-19% above where it is now. That may be enough to turn things around. It is on structural support at around $94, and maybe it will rebound from here, but the stock isn’t cheap. If there is further weakness in the market, he wouldn’t be surprised if this falls further.

DON'T BUY
DON'T BUY
January 26, 2016

This reached his FMV as well as a major technical resistance point, and the stock is setting back. His target would be $77-$80 before he would be interested.

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Walt Disney (DIS-N)
January 26, 2016

This reached his FMV as well as a major technical resistance point, and the stock is setting back. His target would be $77-$80 before he would be interested.

COMMENT
COMMENT
January 26, 2016

Has some good technical support at about $98. As long as it holds in there, then it is fine. Doesn’t have a lot of upside potential. His downside target is $71

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Johnson & Johnson (JNJ-N)
January 26, 2016

Has some good technical support at about $98. As long as it holds in there, then it is fine. Doesn’t have a lot of upside potential. His downside target is $71

COMMENT
COMMENT
January 26, 2016

Earnings are sort of catching up to the stock. It is selling at 29X PE ratio, which is not exactly a giveaway. Earnings forecast has been rocketing upwards, but that would still call for a downside risk of about 22%. If it doesn’t hold here, it is going to take a step down. To him, this has an abyss in front of it.

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Earnings are sort of catching up to the stock. It is selling at 29X PE ratio, which is not exactly a giveaway. Earnings forecast has been rocketing upwards, but that would still call for a downside risk of about 22%. If it doesn’t hold here, it is going to take a step down. To him, this has an abyss in front of it.