Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
February 1, 2016

New Preferred shares? Thinks this is referring to one that was just issued that has an annual dividend rate of 5.5%. A nice new benchmark rate with about a 465 spread reset. This stabilizes the preferred market, and is one you can buy and hold.

Royal Bank (RY-T)
February 1, 2016

New Preferred shares? Thinks this is referring to one that was just issued that has an annual dividend rate of 5.5%. A nice new benchmark rate with about a 465 spread reset. This stabilizes the preferred market, and is one you can buy and hold.

Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$71.270
Owned
Unknown
SELL
SELL
February 1, 2016

April 9, 2019 bond with a rate of 3.95%. Unlikely you can sell this at a higher price than what it is at now, because it is rolling down the yield curve and getting close to maturity. These bonds are very liquid and you can sell them at any time, and then pick up another one that will mature in 2 or 3 years. He would not hold this bond to maturity.

April 9, 2019 bond with a rate of 3.95%. Unlikely you can sell this at a higher price than what it is at now, because it is rolling down the yield curve and getting close to maturity. These bonds are very liquid and you can sell them at any time, and then pick up another one that will mature in 2 or 3 years. He would not hold this bond to maturity.

Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$41.520
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
February 1, 2016

(A Top Pick Feb 11/15. Up 4.42%.) 4% bond maturing April 16, 2018. Brookfield is an undervalued investment. He likes the bonds very much.

(A Top Pick Feb 11/15. Up 4.42%.) 4% bond maturing April 16, 2018. Brookfield is an undervalued investment. He likes the bonds very much.

Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$22.360
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 1, 2016

(A Top Pick Feb 11/15. Up 0.94%.) Likes this because it is diversified, and you are not guessing where interest rates are going. He likes the 10 year laddered, because the average yield pickup from 6 to 10 years has been 100 basis points over the last 25 years.

(A Top Pick Feb 11/15. Up 0.94%.) Likes this because it is diversified, and you are not guessing where interest rates are going. He likes the 10 year laddered, because the average yield pickup from 6 to 10 years has been 100 basis points over the last 25 years.

Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$19.660
Owned
Yes
TOP PICK
TOP PICK
February 1, 2016

(A Top Pick Feb 11/15. Down 10.5%.) This has been one of the worst years ever for the high-yield market. He has been in and out of this twice since his recommendation. This is nothing, but US high-yield bonds, and hedged back to the Cdn$. Well diversified both by maturity and credit. The yield to maturity is slightly under 9%.

(A Top Pick Feb 11/15. Down 10.5%.) This has been one of the worst years ever for the high-yield market. He has been in and out of this twice since his recommendation. This is nothing, but US high-yield bonds, and hedged back to the Cdn$. Well diversified both by maturity and credit. The yield to maturity is slightly under 9%.

Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$18.000
Owned
Yes
COMMENT
COMMENT
February 1, 2016

The average maturity of a corporate bond index would probably be 6-7 years. Doesn’t like the iShares product line, and prefers the laddered ETF’s to the street corporate bond ones. Nevertheless, corporate bond yields have widened out so far from government bonds, that he thinks there is going to be a very good compounding effect by owning corporate bonds from this point on, especially in the low inflation environment.

The average maturity of a corporate bond index would probably be 6-7 years. Doesn’t like the iShares product line, and prefers the laddered ETF’s to the street corporate bond ones. Nevertheless, corporate bond yields have widened out so far from government bonds, that he thinks there is going to be a very good compounding effect by owning corporate bonds from this point on, especially in the low inflation environment.

Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$21.090
Owned
Unknown
DON'T BUY
DON'T BUY
February 1, 2016

Doesn’t like this very much. The convertible market in Canada is very low quality. It consists of nothing, but unrated, junior, subordinated debentures, issued by people who couldn’t borrow money any other way. There are very few decent industrial names in this, and a lot of them are energy names.

Doesn’t like this very much. The convertible market in Canada is very low quality. It consists of nothing, but unrated, junior, subordinated debentures, issued by people who couldn’t borrow money any other way. There are very few decent industrial names in this, and a lot of them are energy names.

Hank Cunningham
Fixed Income Strategist, Odlum Brown Limited
Price
$17.600
Owned
No