Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
July 28, 2016

A name he hasn’t liked for many years, but “speculatively” he now likes it here. They are free cash flow negative for 2017 and 2018. A good management team. Have made some tough decisions that is already starting to bear fruit. They have liquidity out to 2018. If they get their “blue sky” guidance, this is a stock that could triple over the next 3 years if they execute. The real risk is the aerospace cycle.

A name he hasn’t liked for many years, but “speculatively” he now likes it here. They are free cash flow negative for 2017 and 2018. A good management team. Have made some tough decisions that is already starting to bear fruit. They have liquidity out to 2018. If they get their “blue sky” guidance, this is a stock that could triple over the next 3 years if they execute. The real risk is the aerospace cycle.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$1.990
Owned
Unknown
BUY
BUY
July 28, 2016

This has diversified itself away from the film place. The box office is now only about 50% with concessions at about 30%, and they are getting into E-gaming, building out the rec room, digital signage. He sees them being able to earn 15% compounded annual growth rate over the next couple of years. Pretty expensive relative to its 5 year, but if we are in an environment of multiple expansion, this is a good one to own.

Cineplex Inc (CGX-T)
July 28, 2016

This has diversified itself away from the film place. The box office is now only about 50% with concessions at about 30%, and they are getting into E-gaming, building out the rec room, digital signage. He sees them being able to earn 15% compounded annual growth rate over the next couple of years. Pretty expensive relative to its 5 year, but if we are in an environment of multiple expansion, this is a good one to own.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$50.700
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 28, 2016

(A Top Pick Oct 2/15. Up 34.65%.) This had been cheaper than its peers, but growing better. It also had FX tailwinds, because most of its business was in the US. Now it is slightly more expensive than its peers, but still growing at 22% annually over the next couple of years. Thinks it can grow its dividend 10% year-over-year.

(A Top Pick Oct 2/15. Up 34.65%.) This had been cheaper than its peers, but growing better. It also had FX tailwinds, because most of its business was in the US. Now it is slightly more expensive than its peers, but still growing at 22% annually over the next couple of years. Thinks it can grow its dividend 10% year-over-year.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$12.180
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 28, 2016

(A Top Pick Oct 2/15. Down 9.85%.) He still likes this. It has visible earnings growth of 12% per annum over the next couple of years. It has 11% annual dividend growth. Operationally they did everything right, but their energy book was a real problem, which knocked down their BV per share. It is doing well in both its US and Asian operations. Thinks they can grow their dividend 11% year-over-year.

(A Top Pick Oct 2/15. Down 9.85%.) He still likes this. It has visible earnings growth of 12% per annum over the next couple of years. It has 11% annual dividend growth. Operationally they did everything right, but their energy book was a real problem, which knocked down their BV per share. It is doing well in both its US and Asian operations. Thinks they can grow their dividend 11% year-over-year.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$17.910
Owned
Yes
DON'T BUY
DON'T BUY
July 28, 2016

Had improved results in their metal service business in Q1. They are looking to sell some US operations to help fix the balance sheet. They have a good bank line, and probably have some good, long term growth, but their payout ratio is 125% 2016 (est.). They may cut their dividend in Q3 if their energy outlook does not improve. If he owned, he would be selling Calls on it. 6.5% dividend yield.

Russel Metals (RUS-T)
July 28, 2016

Had improved results in their metal service business in Q1. They are looking to sell some US operations to help fix the balance sheet. They have a good bank line, and probably have some good, long term growth, but their payout ratio is 125% 2016 (est.). They may cut their dividend in Q3 if their energy outlook does not improve. If he owned, he would be selling Calls on it. 6.5% dividend yield.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$23.440
Owned
Unknown
HOLD
HOLD
July 28, 2016

Just came out with earnings, which he didn’t think was that good. They are going to really have to prove itself with its US lending segment Laser Pro. He doesn’t expect to see colour on that until Q3. Has a really good dividend which is really well supported. Should have some good growth in their new fintech area GTBS. The growth, investors are looking for, is being held back by global financial institutions. This is a name you are going to want to pick away at.

DH Corporation (DH-T)
July 28, 2016

Just came out with earnings, which he didn’t think was that good. They are going to really have to prove itself with its US lending segment Laser Pro. He doesn’t expect to see colour on that until Q3. Has a really good dividend which is really well supported. Should have some good growth in their new fintech area GTBS. The growth, investors are looking for, is being held back by global financial institutions. This is a name you are going to want to pick away at.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$33.050
Owned
Unknown
DON'T BUY
DON'T BUY
July 28, 2016

This is one where you are betting on what happens with their coal assets, and whether or not they are successful against the government. 190% payout ratio. He won’t buy this name right now because it is trading at 37X 2016 PE. Dividend yield of 7.5%.

Capital Power (CPX-T)
July 28, 2016

This is one where you are betting on what happens with their coal assets, and whether or not they are successful against the government. 190% payout ratio. He won’t buy this name right now because it is trading at 37X 2016 PE. Dividend yield of 7.5%.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$20.760
Owned
No