Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
July 28, 2016

Not the highest quality REIT, but he does like it here. 8% dividend yield and it is trading at a very reasonable valuation, 10.7X 2016. Payout ratio is at about 87%, and he sees that declining next year. 32% of its revenue stream is from the US. His problem is that it doesn’t have any growth rate over the next couple of years, due to the areas they are in.

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Not the highest quality REIT, but he does like it here. 8% dividend yield and it is trading at a very reasonable valuation, 10.7X 2016. Payout ratio is at about 87%, and he sees that declining next year. 32% of its revenue stream is from the US. His problem is that it doesn’t have any growth rate over the next couple of years, due to the areas they are in.

HOLD
HOLD
July 28, 2016

The company warned of a miss in results, but held up their guidance for 2016. The car companies are at exceptionally low multiples. This is a good company. Dividend yield of 4.7%.

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Ford Motor (F-N)
July 28, 2016

The company warned of a miss in results, but held up their guidance for 2016. The car companies are at exceptionally low multiples. This is a good company. Dividend yield of 4.7%.

COMMENT
COMMENT
July 28, 2016

Just announced they are going to be selling their propane business, which is 13% of their business mix. They want to focus more on infrastructure. This is probably the most commodity focused of the energy infrastructure, so it has been very volatile. From a very low base, he is modelling that their cash flow can grow 25% between 2015 and 2017. Very good balance sheet relative to other energy infrastructure names. Not a bad little play down here all things considered. It’s one you could consider selling Puts on.

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Gibson Energy (GEI-T)
July 28, 2016

Just announced they are going to be selling their propane business, which is 13% of their business mix. They want to focus more on infrastructure. This is probably the most commodity focused of the energy infrastructure, so it has been very volatile. From a very low base, he is modelling that their cash flow can grow 25% between 2015 and 2017. Very good balance sheet relative to other energy infrastructure names. Not a bad little play down here all things considered. It’s one you could consider selling Puts on.

COMMENT
COMMENT
July 28, 2016

This is the worst of the 5 big banks at this point. They just made a US acquisition and paid 17X, and it trades at around 11X. It is likely going to be dilutive. They are going to go from the best balance sheet, highest CET1 to the worst as a result, with no earnings per share growth for the next little bit. The stock is OK, but you can get a much better growth rate and a very similar valuation with one of the other banks. He would go Royal (RY-T) or Bank of Nova Scotia (BNS-T). (See Top Picks.)

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This is the worst of the 5 big banks at this point. They just made a US acquisition and paid 17X, and it trades at around 11X. It is likely going to be dilutive. They are going to go from the best balance sheet, highest CET1 to the worst as a result, with no earnings per share growth for the next little bit. The stock is OK, but you can get a much better growth rate and a very similar valuation with one of the other banks. He would go Royal (RY-T) or Bank of Nova Scotia (BNS-T). (See Top Picks.)

BUY
BUY
July 28, 2016

(Market Call Minute.) This has 95% occupancy or better. Very sustainable yield. Long dated leases.

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(Market Call Minute.) This has 95% occupancy or better. Very sustainable yield. Long dated leases.

HOLD
HOLD
July 28, 2016

(Market Call Minute.) This has had a pretty big run, but you have pretty good sustainable cash flow.

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(Market Call Minute.) This has had a pretty big run, but you have pretty good sustainable cash flow.

SPECULATIVE BUY
SPECULATIVE BUY
July 28, 2016

(Market Call Minute.) This is interesting. Higher risk with about 100% payout ratio, but all in he thinks that business does improve, and you can own this if you don’t mind taking a bit of risk.

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Veresen Inc (VSN-T)
July 28, 2016

(Market Call Minute.) This is interesting. Higher risk with about 100% payout ratio, but all in he thinks that business does improve, and you can own this if you don’t mind taking a bit of risk.