Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 12, 2016

A non-traditional, mortgage only bank. Mortgage rule changes last week have caused a pullback. No one knows for sure what the impact of the rule changes will be. She would stay with the big six banks rather than this group. 6.8% yield.

A non-traditional, mortgage only bank. Mortgage rule changes last week have caused a pullback. No one knows for sure what the impact of the rule changes will be. She would stay with the big six banks rather than this group. 6.8% yield.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$25.270
Owned
Unknown
BUY
BUY
October 12, 2016

It has done quite well in the past month or so. There were problems in the past with energy loans. There has been a change in sentiment regarding the energy component of their loan portfolio. With rates likely going up in December and possibly Canada following, it will be a tailwind for lifecos. You could wait for a pullback, but you could still buy it here. She likes their operations in Asia.

Manulife Financial (MFC-T)
October 12, 2016

It has done quite well in the past month or so. There were problems in the past with energy loans. There has been a change in sentiment regarding the energy component of their loan portfolio. With rates likely going up in December and possibly Canada following, it will be a tailwind for lifecos. You could wait for a pullback, but you could still buy it here. She likes their operations in Asia.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$19.270
Owned
Yes
COMMENT
COMMENT
October 12, 2016

Sell before election? All the health care names have been under the threat of Hillary getting in. PFE-N sold off some non-core assets. She has chosen JNJ-N.

Pfizer Inc (PFE-N)
October 12, 2016

Sell before election? All the health care names have been under the threat of Hillary getting in. PFE-N sold off some non-core assets. She has chosen JNJ-N.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$33.070
Owned
No
TOP PICK
TOP PICK
October 12, 2016

It was primarily a crude oil transportation company, but the Spectra Energy acquisition gives them 50/50 Nat. gas and oil exposure now. There is no commodity risk and they have long term contracts in place. They have a 2.7% yield, although not the highest in the group. They have visible cash flow growth going forward. They have projected 10-12% dividend growth for the next 9 years and she expects share price appreciation.

Enbridge (ENB-T)
October 12, 2016

It was primarily a crude oil transportation company, but the Spectra Energy acquisition gives them 50/50 Nat. gas and oil exposure now. There is no commodity risk and they have long term contracts in place. They have a 2.7% yield, although not the highest in the group. They have visible cash flow growth going forward. They have projected 10-12% dividend growth for the next 9 years and she expects share price appreciation.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$57.940
Owned
Yes
TOP PICK
TOP PICK
October 12, 2016

It has just under a 4% yield. They acquired a fully regulated US electric transmission company. They expect to close the deal Oct 14th. Then their shares will trade in New York as well. They increased their dividend for 43 consecutive years and forecast the dividend growth through 2021.

Fortis Inc. (FTS-T)
October 12, 2016

It has just under a 4% yield. They acquired a fully regulated US electric transmission company. They expect to close the deal Oct 14th. Then their shares will trade in New York as well. They increased their dividend for 43 consecutive years and forecast the dividend growth through 2021.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$41.340
Owned
Yes
TOP PICK
TOP PICK
October 12, 2016

51% of revenues come from US, where they get revenue from the repair, reno, and replacement cycle.

Whirlpool Corp (WHR-N)
October 12, 2016

51% of revenues come from US, where they get revenue from the repair, reno, and replacement cycle.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$160.830
Owned
Yes
COMMENT
COMMENT
October 12, 2016

NWH.UN-T vs. CSH.UN-T. CSH.UN-T has decent growth because of their demographics. His problem with REITs is that they were one of the biggest beneficiaries of the low interest rate. He looks at the cap rate and turns it into an enterprise value and you are paying 15-16 times operating cash flow. You should pay that for a high tech company, not a healthcare company. You are paying out 80-90% of the income as yield. You can’t do that in other sectors. Where is the money to invest in the business – how does it grow? He went short the REITs about two months ago. He does not like either one, but if forced to choose it would be CSH.UN-T.

NWH.UN-T vs. CSH.UN-T. CSH.UN-T has decent growth because of their demographics. His problem with REITs is that they were one of the biggest beneficiaries of the low interest rate. He looks at the cap rate and turns it into an enterprise value and you are paying 15-16 times operating cash flow. You should pay that for a high tech company, not a healthcare company. You are paying out 80-90% of the income as yield. You can’t do that in other sectors. Where is the money to invest in the business – how does it grow? He went short the REITs about two months ago. He does not like either one, but if forced to choose it would be CSH.UN-T.

John Zechner
Chairman, J. Zechner & Assoc
Price
$15.310
Owned
No