Latest Expert Opinions

Signal
Opinion
Expert
SELL STRENGTH
SELL STRENGTH
June 16, 2016

Their core business is on the block, and he thinks there are a bunch of bidders for it. There is also their position in Ali Baba (BABA-N) which is the vast majority of the stock price. This is a trade, not an investment. If you own, he would get out on any little pop.

Altaba Inc (AABA-Q)
June 16, 2016

Their core business is on the block, and he thinks there are a bunch of bidders for it. There is also their position in Ali Baba (BABA-N) which is the vast majority of the stock price. This is a trade, not an investment. If you own, he would get out on any little pop.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$37.390
Owned
Unknown
BUY
BUY
June 16, 2016

Has owned this for a long, long time. Management has done a really good job. They have consistently delivered. If you want a large cap oil play in Canada, this is one of them. Think of this as your stable stock, and if you have a really strong view on oil, you may want to own a mid-cap name where you will get much better returns.

Has owned this for a long, long time. Management has done a really good job. They have consistently delivered. If you want a large cap oil play in Canada, this is one of them. Think of this as your stable stock, and if you have a really strong view on oil, you may want to own a mid-cap name where you will get much better returns.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$37.200
Owned
Yes
COMMENT
COMMENT
June 16, 2016

Insurance businesses are not expensive stocks, and they certainly pay very strong yields. The tough issue is with lower rates. These companies have a very, very difficult time. This company not only has a good asset management business, but has grown a very strong franchise in Asia, which is a strong growth area for them. However, he doesn’t see where growth comes from and doesn’t think they can change dramatically in this low rate environment over the next little while.

Insurance businesses are not expensive stocks, and they certainly pay very strong yields. The tough issue is with lower rates. These companies have a very, very difficult time. This company not only has a good asset management business, but has grown a very strong franchise in Asia, which is a strong growth area for them. However, he doesn’t see where growth comes from and doesn’t think they can change dramatically in this low rate environment over the next little while.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$18.020
Owned
Yes
BUY
BUY
June 16, 2016

Going into a presidential cycle, healthcare is the easiest target in the world. Drug prices in the US, unlike Canada, are incredibly high. Every major drug company is there, because they can charge whatever they like for drugs. This is why a lot of these types of stocks have gone down. He likes this one a lot, and has bought more at these levels. They have a great pipeline, it is not expensive and pays a great dividend.

Amgen Inc. (AMGN-Q)
June 16, 2016

Going into a presidential cycle, healthcare is the easiest target in the world. Drug prices in the US, unlike Canada, are incredibly high. Every major drug company is there, because they can charge whatever they like for drugs. This is why a lot of these types of stocks have gone down. He likes this one a lot, and has bought more at these levels. They have a great pipeline, it is not expensive and pays a great dividend.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$152.300
Owned
Yes
COMMENT
COMMENT
June 16, 2016

Not an expensive stock. If you take out the cash, they trade at about 8X earnings. They could increase their dividend a lot more as they have a lot of cash to do that. The trouble is, people see it as a one product stock, the iPhone, and they don’t get a substantial amount of revenue from their service side. They have to move past their phone.

Apple (AAPL-Q)
June 16, 2016

Not an expensive stock. If you take out the cash, they trade at about 8X earnings. They could increase their dividend a lot more as they have a lot of cash to do that. The trouble is, people see it as a one product stock, the iPhone, and they don’t get a substantial amount of revenue from their service side. They have to move past their phone.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$97.550
Owned
Yes
COMMENT
COMMENT
June 16, 2016

This owns Tim Hortons and Burger King. They are very astute and very cost-conscious. One of the tough parts about this, is that they have to make more acquisitions. It is a cost story and a slow revenue growth story. You’ll have to see a bigger acquisition from them such as Yum Brands.

This owns Tim Hortons and Burger King. They are very astute and very cost-conscious. One of the tough parts about this, is that they have to make more acquisitions. It is a cost story and a slow revenue growth story. You’ll have to see a bigger acquisition from them such as Yum Brands.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$54.680
Owned
No
COMMENT
COMMENT
June 16, 2016

HSBC Holdings (HSBC-N) or ING Groep (ING-N)? Two very different companies. This one is a global bank. They are both cheap, but the issue becomes if we get out of this global slump, is where does the growth come from. This one has a much broader business. If he had to pick one, he would choose ING, because being a good, strong retail bank is a very good business if it is done well.

HSBC Holdings (HSBC-N) or ING Groep (ING-N)? Two very different companies. This one is a global bank. They are both cheap, but the issue becomes if we get out of this global slump, is where does the growth come from. This one has a much broader business. If he had to pick one, he would choose ING, because being a good, strong retail bank is a very good business if it is done well.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$30.510
Owned
No