Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
February 12, 2016

This scores in the top 10% for him. Valuation is great and is in the top 15%. A low volatility stock. ROE is 20%. It is defensive in nature. Pays a small dividend.

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Metro Inc (A) (MRU-T)
February 12, 2016

This scores in the top 10% for him. Valuation is great and is in the top 15%. A low volatility stock. ROE is 20%. It is defensive in nature. Pays a small dividend.

PAST TOP PICK
PAST TOP PICK
February 12, 2016

(A Top Pick Sept 8/15. Down 4.49%.) More or less flat, but pays a nice dividend yield of just over 9%. A feeder for Air Canada (AC-T). This remains a cheap stock. Solid ROE’s at 20%. 5X EBITDA.

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Chorus Aviation Inc (CHR-T)
February 12, 2016

(A Top Pick Sept 8/15. Down 4.49%.) More or less flat, but pays a nice dividend yield of just over 9%. A feeder for Air Canada (AC-T). This remains a cheap stock. Solid ROE’s at 20%. 5X EBITDA.

PAST TOP PICK
PAST TOP PICK
February 12, 2016

(A Top Pick Sept 8/15. Down 9.87%.) Hasn’t worked out as well, but is still one of his largest holdings in 2 of his funds. Ironically, as markets get harder, auctioneers’ volumes of resales actually pick up. Great balance sheet with no net debt. Score in the top 10% for him on valuation.

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(A Top Pick Sept 8/15. Down 9.87%.) Hasn’t worked out as well, but is still one of his largest holdings in 2 of his funds. Ironically, as markets get harder, auctioneers’ volumes of resales actually pick up. Great balance sheet with no net debt. Score in the top 10% for him on valuation.

PAST TOP PICK
PAST TOP PICK
February 12, 2016

(A Top Pick Sept 8/15. Up 9.72%.) Light oil. Pristine balance sheet. Also, has some of the best netbacks in the business. At $30-$35 oil, they can actually increase production. Still a buy. (See Top Picks.)

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(A Top Pick Sept 8/15. Up 9.72%.) Light oil. Pristine balance sheet. Also, has some of the best netbacks in the business. At $30-$35 oil, they can actually increase production. Still a buy. (See Top Picks.)

BUY
BUY
February 12, 2016

This has been a beneficiary of the parent Transalta (TA-T) pushing assets down, so they have a built-in growth model. TransAlta probably needs to push more assets into this. Valuation and price momentum are okay, kind of the middle of the pack, but you wouldn’t expect super cheap valuation for a utility. Quite stable and low volatility. Relatively safe and pays a good yield.

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This has been a beneficiary of the parent Transalta (TA-T) pushing assets down, so they have a built-in growth model. TransAlta probably needs to push more assets into this. Valuation and price momentum are okay, kind of the middle of the pack, but you wouldn’t expect super cheap valuation for a utility. Quite stable and low volatility. Relatively safe and pays a good yield.

DON'T BUY
DON'T BUY
February 12, 2016

Had been Short this. An expensive company and has got pretty lousy price momentum, and given its status as a pseudo-utility, it is pretty poor. High yield of about 7.5%, but has a high payout ratio, which should be questioned. Could be at risk of having a dividend cut. Reasonably low ROE and trading at 26X Free Cash Flow. Not something he would want to hold here.

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Inter Pipeline (IPL-T)
February 12, 2016

Had been Short this. An expensive company and has got pretty lousy price momentum, and given its status as a pseudo-utility, it is pretty poor. High yield of about 7.5%, but has a high payout ratio, which should be questioned. Could be at risk of having a dividend cut. Reasonably low ROE and trading at 26X Free Cash Flow. Not something he would want to hold here.

BUY
BUY
February 12, 2016

One of his largest holdings in 2 of his funds. This has always been a stock with good valuation, and they continually beat on earnings. Pristine balance sheet. Fantastic ROE at 55%. Quite a defensive, stable stock.

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Dollarama Inc. (DOL-T)
February 12, 2016

One of his largest holdings in 2 of his funds. This has always been a stock with good valuation, and they continually beat on earnings. Pristine balance sheet. Fantastic ROE at 55%. Quite a defensive, stable stock.