Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
June 16, 2016

Business development companies were developed in the 1970s when the US government was trying to figure out how to get money into the hands of businessmen. They were focused on lending money to companies that couldn’t get money from Wall Street or traditional banks. Because of securitization, banks got into this business and it is a very sleepy business. They have to distribute 90% of what they get in terms of interest rates from their clients. In 2008, you had Basil III, Dodd Frank and the Volcker rule, so banks could no longer lend willy-nilly to anybody, so they pulled back. Dividend yield of 9.11%.

Business development companies were developed in the 1970s when the US government was trying to figure out how to get money into the hands of businessmen. They were focused on lending money to companies that couldn’t get money from Wall Street or traditional banks. Because of securitization, banks got into this business and it is a very sleepy business. They have to distribute 90% of what they get in terms of interest rates from their clients. In 2008, you had Basil III, Dodd Frank and the Volcker rule, so banks could no longer lend willy-nilly to anybody, so they pulled back. Dividend yield of 9.11%.

James Thorne
Sr Portfolio Manager & Chief Capital Markets Strat, Caldwell Investment Management
Price
$19.880
Owned
Yes
TOP PICK
TOP PICK
June 16, 2016

He is constructive on commodities and likes wood. This company has been working for years to get out of the unprofitable areas of wood. It’s timberland, wood, levered to housing and non-residential construction in the US.

He is constructive on commodities and likes wood. This company has been working for years to get out of the unprofitable areas of wood. It’s timberland, wood, levered to housing and non-residential construction in the US.

James Thorne
Sr Portfolio Manager & Chief Capital Markets Strat, Caldwell Investment Management
Price
$28.720
Owned
Yes
TOP PICK
TOP PICK
June 16, 2016

The largest distributor of natural gas in North America. It got hammered because everybody thought it was going to be cut to junk. They cut the dividend, but their higher yields are trading at or higher than they were back in the middle of last year. So there is no stress on their high yields. If they go back to the market and finance their expansion with debt, maybe that dividend comes back. Feels natural gas is going to have a nice rally. Dividend yield of 2.88%.

The largest distributor of natural gas in North America. It got hammered because everybody thought it was going to be cut to junk. They cut the dividend, but their higher yields are trading at or higher than they were back in the middle of last year. So there is no stress on their high yields. If they go back to the market and finance their expansion with debt, maybe that dividend comes back. Feels natural gas is going to have a nice rally. Dividend yield of 2.88%.

James Thorne
Sr Portfolio Manager & Chief Capital Markets Strat, Caldwell Investment Management
Price
$17.600
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
June 16, 2016

As far as a pharmaceutical company goes, this is pretty expensive, trading at about 24X earnings. Has about a 50% share in the insulin market, and diabetes is a disease that is growing quite rapidly. Thinks they will continue to do well. Has a very low yield of 1.7%. You would want to buy this on a pullback.

Novo-Nordisk (NVO-N)
June 16, 2016

As far as a pharmaceutical company goes, this is pretty expensive, trading at about 24X earnings. Has about a 50% share in the insulin market, and diabetes is a disease that is growing quite rapidly. Thinks they will continue to do well. Has a very low yield of 1.7%. You would want to buy this on a pullback.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$51.560
Owned
Unknown
COMMENT
COMMENT
June 16, 2016

Has held the stock for a long time and really likes it. The acquisition of LinkedIn is a very big deal, and he can see the value of them doing this. It seems to make a lot of sense.

Microsoft (MSFT-Q)
June 16, 2016

Has held the stock for a long time and really likes it. The acquisition of LinkedIn is a very big deal, and he can see the value of them doing this. It seems to make a lot of sense.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$50.390
Owned
Yes
COMMENT
COMMENT
June 16, 2016

A very large mining company. It bounced off the low and there was a huge run on these commodity products. Not sure that you want to buy it at these levels. If you feel strongly about commodities, he would wait for a pullback. Feels very uncomfortable owning iron ore, when looking at the dynamics of China.

A very large mining company. It bounced off the low and there was a huge run on these commodity products. Not sure that you want to buy it at these levels. If you feel strongly about commodities, he would wait for a pullback. Feels very uncomfortable owning iron ore, when looking at the dynamics of China.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$26.870
Owned
Unknown
BUY
BUY
June 16, 2016

Canadian National (CNR-T) or Canadian Pacific (CP-T)? He likes the rails. This has suffered in the last little while and kind of moved sideways. Buying at these levels makes a lot of sense. A great thing about the rails is the effect that shipping has on the environment. It is much better to transport by rail than by trucking. Also, the rail industry has really consolidated over the last 10 years, and are far more conscientious about their cost structure and their return on capital.

Canadian National (CNR-T) or Canadian Pacific (CP-T)? He likes the rails. This has suffered in the last little while and kind of moved sideways. Buying at these levels makes a lot of sense. A great thing about the rails is the effect that shipping has on the environment. It is much better to transport by rail than by trucking. Also, the rail industry has really consolidated over the last 10 years, and are far more conscientious about their cost structure and their return on capital.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$75.130
Owned
Yes