Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
November 2, 2016

This is pretty attractive. Telephone poles and railway ties. The stock hasn’t done a whole lot this year, but it is one of the best run Canadian companies he has seen. They have done many, many things right for a long period of time. Have done very nice acquisitions, and are positioning themselves for growth.

Stella-Jones Inc. (SJ-T)
November 2, 2016

This is pretty attractive. Telephone poles and railway ties. The stock hasn’t done a whole lot this year, but it is one of the best run Canadian companies he has seen. They have done many, many things right for a long period of time. Have done very nice acquisitions, and are positioning themselves for growth.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$49.230
Owned
No
COMMENT
COMMENT
November 2, 2016

This is a decent company for the long-term. Has a nice little income coming out of it, half income and half interest. Have done some very nice acquisitions. Highly economically sensitive on chemical pricing. He wouldn’t expect a whole lot from this, other than the income.

This is a decent company for the long-term. Has a nice little income coming out of it, half income and half interest. Have done some very nice acquisitions. Highly economically sensitive on chemical pricing. He wouldn’t expect a whole lot from this, other than the income.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$17.430
Owned
No
COMMENT
COMMENT
November 2, 2016

This has been a very, very strong stock for the past couple of months. Their last quarter, which is typically their weakest quarter, had absolute stunning blow away numbers. Raised their dividend by about 5%, and the payout ratio went down dramatically in the quarter. Their divisions are firing on all cylinders. Very heavily tied to aviation and aeronautics, and he would like to see them do another deal to dilute that exposure a bit. A very cheap stock with a very nice dividend yield of 5.6%.

Exchange Income (EIF-T)
November 2, 2016

This has been a very, very strong stock for the past couple of months. Their last quarter, which is typically their weakest quarter, had absolute stunning blow away numbers. Raised their dividend by about 5%, and the payout ratio went down dramatically in the quarter. Their divisions are firing on all cylinders. Very heavily tied to aviation and aeronautics, and he would like to see them do another deal to dilute that exposure a bit. A very cheap stock with a very nice dividend yield of 5.6%.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$35.680
Owned
No
COMMENT
COMMENT
November 2, 2016

Primarily electronic distribution. This was growing very, very rapidly, and the stock was doing very well. People were extrapolating their quarterly growth going forward. Nothing really bad happened with this company, it’s just that they stopped growing at the same rate. A nice, little, solid growth company with a low valuation and good management. Starting to look a little bit better these days.

Primarily electronic distribution. This was growing very, very rapidly, and the stock was doing very well. People were extrapolating their quarterly growth going forward. Nothing really bad happened with this company, it’s just that they stopped growing at the same rate. A nice, little, solid growth company with a low valuation and good management. Starting to look a little bit better these days.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$7.780
Owned
No
COMMENT
COMMENT
November 2, 2016

Asset management. National Bank (NA-T) owns a big chunk. They’ve started to make acquisitions in the US, which is where the growth opportunity really is. Unfortunately asset management is changing. Margins are going down, sales are dropping and everyone really doesn’t like the business right now. This is one of the better ones in the business. Has a decent dividend which is still growing. Own it for the dividend and the long-term story and asset accumulation, but just don’t expect a whole lot in the next year.

Fiera Capital Corp (FSZ-T)
November 2, 2016

Asset management. National Bank (NA-T) owns a big chunk. They’ve started to make acquisitions in the US, which is where the growth opportunity really is. Unfortunately asset management is changing. Margins are going down, sales are dropping and everyone really doesn’t like the business right now. This is one of the better ones in the business. Has a decent dividend which is still growing. Own it for the dividend and the long-term story and asset accumulation, but just don’t expect a whole lot in the next year.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$11.890
Owned
No
COMMENT
COMMENT
November 2, 2016

Probably a little too early to get excited about the drilling services sector. You need to see better sustained oil prices before a company starts spending more money. This company kept its balance sheet clean right through the cycle. They pay a nice dividend. They are survivors, and are using their strong balance sheet to pick away at acquisitions. They are getting iron at very, very discounted prices. Adding rigs very, very cheaply.

Probably a little too early to get excited about the drilling services sector. You need to see better sustained oil prices before a company starts spending more money. This company kept its balance sheet clean right through the cycle. They pay a nice dividend. They are survivors, and are using their strong balance sheet to pick away at acquisitions. They are getting iron at very, very discounted prices. Adding rigs very, very cheaply.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$4.460
Owned
No
COMMENT
COMMENT
November 2, 2016

A couple of years ago, the whole plan was to utilize their Brookfield relationship to expand and make acquisitions and make this a much bigger player. That has been slow to come to fruition, but is still very much possible in terms of what they could and could not do. Has some Eastern Canadian and US exposure. It depends largely on housing and construction, but with their Brookfield relationship, there is still plenty they can do. A patient, waiting game, but a nice little company while waiting.

A couple of years ago, the whole plan was to utilize their Brookfield relationship to expand and make acquisitions and make this a much bigger player. That has been slow to come to fruition, but is still very much possible in terms of what they could and could not do. Has some Eastern Canadian and US exposure. It depends largely on housing and construction, but with their Brookfield relationship, there is still plenty they can do. A patient, waiting game, but a nice little company while waiting.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$17.350
Owned
No