Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
February 17, 2016

The sector is rather strange because of a transforming acquisition by Ontario Teachers on Amica, which messed up all valuations on these retirement investments. Sold their US assets and are now totally located in Canada. The largest provider of seniors housing. Have done a good job of curtailing costs and have grown through acquisitions. They only pay out about 70% of their Net Operating Income. They are in a good spot to execute further, as well as a possible distribution increase. The sector is still somewhat expensive.

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The sector is rather strange because of a transforming acquisition by Ontario Teachers on Amica, which messed up all valuations on these retirement investments. Sold their US assets and are now totally located in Canada. The largest provider of seniors housing. Have done a good job of curtailing costs and have grown through acquisitions. They only pay out about 70% of their Net Operating Income. They are in a good spot to execute further, as well as a possible distribution increase. The sector is still somewhat expensive.

DON'T BUY
DON'T BUY
February 17, 2016

Has never owned this because it was too expensive. With this you have to deal with the Alberta issue. He prefers BCE (BCE-T) which has done a great job with fibre and with content.

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Telus Corp (T-T)
February 17, 2016

Has never owned this because it was too expensive. With this you have to deal with the Alberta issue. He prefers BCE (BCE-T) which has done a great job with fibre and with content.

COMMENT
COMMENT
February 17, 2016

Canadian Banks have been the massive outperformers over the last 5 years. All banks have been saying that exposure to the oil/gas sector has been minimal, but they will be taking write-downs. Household debt is at an all-time high. There are a lot of negative headwinds coming. He prefers TD (TD-T) and Royal (RY-T). If you are going to be in this sector, he would want to be in the best and the most conservative with regards to the Canadian consumer. Has shaved down some of his banking positions in the last 6 weeks. In the long-term, you are not going to really get hurt, because they are good managers of their business.

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Canadian Banks have been the massive outperformers over the last 5 years. All banks have been saying that exposure to the oil/gas sector has been minimal, but they will be taking write-downs. Household debt is at an all-time high. There are a lot of negative headwinds coming. He prefers TD (TD-T) and Royal (RY-T). If you are going to be in this sector, he would want to be in the best and the most conservative with regards to the Canadian consumer. Has shaved down some of his banking positions in the last 6 weeks. In the long-term, you are not going to really get hurt, because they are good managers of their business.

COMMENT
COMMENT
February 17, 2016

One, several, or an ETF in Canadian Banks? If the amount is under $20,000, you are probably better off with an ETF such as BMO’s Equal Weight Bank ETF (ZEB-T). There are really no wrong answers on this.

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One, several, or an ETF in Canadian Banks? If the amount is under $20,000, you are probably better off with an ETF such as BMO’s Equal Weight Bank ETF (ZEB-T). There are really no wrong answers on this.

COMMENT
COMMENT
February 17, 2016

Preferred R. Preferred market was terrible last year, down 30% minimum. This is not a fixed income product, but an enhanced equity instrument. There is just as much risk of rates going lower than higher. This is a hybrid of an equity instrument.

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Preferred R. Preferred market was terrible last year, down 30% minimum. This is not a fixed income product, but an enhanced equity instrument. There is just as much risk of rates going lower than higher. This is a hybrid of an equity instrument.

COMMENT
COMMENT
February 17, 2016

There are things he likes and things he doesn’t. Has exposure to Alberta, but the properties are preleased for 10 years. One thing he doesn’t like is that it is all over the place. It is in the US. It has office and retail. Prefers the simple stories. One of the benefits is their US assets which is in US$. Good managers. Yield of 7%+.

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There are things he likes and things he doesn’t. Has exposure to Alberta, but the properties are preleased for 10 years. One thing he doesn’t like is that it is all over the place. It is in the US. It has office and retail. Prefers the simple stories. One of the benefits is their US assets which is in US$. Good managers. Yield of 7%+.

COMMENT
COMMENT
February 17, 2016

Lagged for a couple of years, but is now deemed as a defensive asset class. Most of their holdings are in Ontario. Spent a lot of CapX to refurbish their old buildings and are buying new ones. In a good spot and will probably continue to outperform the market.

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Lagged for a couple of years, but is now deemed as a defensive asset class. Most of their holdings are in Ontario. Spent a lot of CapX to refurbish their old buildings and are buying new ones. In a good spot and will probably continue to outperform the market.