Latest Expert Opinions

Signal
Opinion
Expert
WAIT
WAIT
June 21, 2016

At today’s price, you can wait on the sidelines. Eventually when the split happens, you will get the majority in the form of a leasing company and the balance will be a spinoff, which could create some uncertainty. You will then be open to pick and choose which particular company you would like to own.

At today’s price, you can wait on the sidelines. Eventually when the split happens, you will get the majority in the form of a leasing company and the balance will be a spinoff, which could create some uncertainty. You will then be open to pick and choose which particular company you would like to own.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$14.280
Owned
Yes
WAIT
WAIT
June 21, 2016

Feels the rails are in for a bit of a rough go. There are a bunch of factors working against them. Oil shipping by rail is a factor and consumer demand is pulling back. The change in the CEO will create some potential small dislocation. If holding for a long-term, it is a great one.

Feels the rails are in for a bit of a rough go. There are a bunch of factors working against them. Oil shipping by rail is a factor and consumer demand is pulling back. The change in the CEO will create some potential small dislocation. If holding for a long-term, it is a great one.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$74.800
Owned
No
COMMENT
COMMENT
June 21, 2016

A growth by acquisition story, which presents a lot of opportunities as well risks. Their last acquisition of Pantry was a bit of a dog’s breakfast along with some potential integration issues. This would be only a hiccup, as management has done very well at integrating in the past.

A growth by acquisition story, which presents a lot of opportunities as well risks. Their last acquisition of Pantry was a bit of a dog’s breakfast along with some potential integration issues. This would be only a hiccup, as management has done very well at integrating in the past.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$52.370
Owned
Unknown
COMMENT
COMMENT
June 21, 2016

Not his favourite, but a good bank. Thinks fintech is going to be a threat going forward. There are lots of small players and very niche, which means they can attack the bigger banks in a number of ways.

Royal Bank (RY-T)
June 21, 2016

Not his favourite, but a good bank. Thinks fintech is going to be a threat going forward. There are lots of small players and very niche, which means they can attack the bigger banks in a number of ways.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$78.620
Owned
Yes
BUY
BUY
June 21, 2016

New class C non-voting shares? Very similar to what Google did with Alphabet. This doesn’t change his view on the company. It is just a way for management to keep control and to sell down their stake. A great company. Valuation is high, but growth is higher. He is positive on this company.

Facebook (FB-Q)
June 21, 2016

New class C non-voting shares? Very similar to what Google did with Alphabet. This doesn’t change his view on the company. It is just a way for management to keep control and to sell down their stake. A great company. Valuation is high, but growth is higher. He is positive on this company.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$114.380
Owned
Yes
HOLD
HOLD
June 21, 2016

Brexit affect on Canadian Banks? His view is that it will be a non-event. This bank is working its way more into the US, which he likes. Last acquisition was good and they seem to be hitting their stride.

Brexit affect on Canadian Banks? His view is that it will be a non-event. This bank is working its way more into the US, which he likes. Last acquisition was good and they seem to be hitting their stride.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$82.650
Owned
No
COMMENT
COMMENT
June 21, 2016

Pays out a good distribution. They make big acquisitions. The past 2 have been outside of Canada, which will take a while to digest. Once they get going, it’s very similar, slow and steady. They continue to increase their dividend. Feels that for the next year or 2, interest rates are going to stay low, which is positive for utilities.

Fortis Inc. (FTS-T)
June 21, 2016

Pays out a good distribution. They make big acquisitions. The past 2 have been outside of Canada, which will take a while to digest. Once they get going, it’s very similar, slow and steady. They continue to increase their dividend. Feels that for the next year or 2, interest rates are going to stay low, which is positive for utilities.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$42.150
Owned
Yes