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Chip graphics. Has owned this in her aggressive portfolios for a long time, and has been regularly taking profits on it. A chip maker in the graphic area, more and more applications. Elon Musk announced that it was going to be central in Tesla (TSLA-Q) going forward, which adds even more excitement. Doesn’t know if you should be buying large positions today. Watch it trade for a while and make sure you really know what is going on before buying a new position. When the smoke clears, it is basically a semiconductor company, and what we pay for a semiconductor company depends on what the product cycles are.

COMMENT

This doesn’t look like good value, but she looks at a stock and the company separately. This is a disruptive company, which is good for the auto industry and everybody. The stock is very rich for a company that is really making very few cars right now, and very little profit on that car. The stock really represents the incredible long-term promise of a disruptive company in the automobile industry.

COMMENT

The fast food restaurant industry is very competitive. This stock has been struggling lately, which was partly on changing tastes in the US, and on diminishing returns. These companies sometimes get growth on product cycles, and they got them for a while on global expansion, but this is a very mature fast food company that exists globally now. They might have a few more places to expand, but fundamentally their business growth should be tied generally to the economic growth where they exist.

TOP PICK

This is still on her buying list, and one that she thinks has great upside to go.

TOP PICK

This is still on her buying list, and one that she thinks has great upside to go.

TOP PICK

Down 30% from its high a year ago, with cord cutting because of ESPN. It was a $120 stock very recently. Year-to-date it is only down about 12%, but that is in a market that has been flat to up, so far. On a relative basis, we have seen the stock reflect uncertainty, but doesn’t think that uncertainty is a third of the value of the company. You are seeing other companies trying to get into the content and media industry, who may not be experts at running that. There is no question that this company is an expert on cross content. Dividend yield of 1.51%.

N/A

Markets. A strange turnaround from last night to this morning due to the US Election. He was surprised by the strength after rallying Monday on the idea that Hillary could be elected. Investors just like certainty at this stage. You might want to wait for clarity on certain policies before committing a lot of money. Markets will probably grind higher from here. There is execution risk as well as headline risk around these policies. A lot of names that were particularly strong today were also probably heavily shorted and short covering was taking place. The lower for longer trade is fading.

TOP PICK

*Short* He recently added to his short position. It was the first real pop in the stock since he started shorting it. The earnings were particularly bad and the firm sees net outflows from their funds. CRM2 is forcing brokers to disclose what they are paid by mutual fund companies. He thinks it is a secular bear story. There is somewhat of a risk that they get bought out.

TOP PICK

He had sold around Brexit and just added it back. A solid free cash flow story. Once it crossed 10% free cash flow he was interested. They can harvest the cash flow to pay down debt and then you have more value accruing for the shareholders and away from lenders. 1.75% dividend.

TOP PICK

*Short* It is a call on interest rates and he has been right so far. It is in a low growth/high debt situation. They acquired a utility in Florida and the result is an enormous amount of debt.

DON'T BUY

It is one of the oldest companies in Canada. It is a no growth situation. There are far more interesting names to own in the food distribution space.

DON'T BUY

It is not a short, but it does not look great. They pay out more than they bring in. The stock has been beaten up. The market is pricing in a distribution cut. Wait until that happens to look at it again.

DON'T BUY

He would not buy it. You are better off with one that has more US exposure, rather than BNS’s emerging market exposure. He prefers TD-T.

DON'T BUY

He used to be short. It was a decent trade. Canadian natural gas producers are in a tough place given that they might be pushed out of their biggest end market, i.e. the US. If you need Nat gas exposure in Canada then this is not bad, but he does not think one needs Canadian gas exposure.

DON'T BUY

It is probably time to sell as all the telcos are pretty expensive. The Cap-X requirements leave them with little or no free cash flow. Telcos are not going to outperform. Interest rates will be a headwind while the tail wind from the last 7 years has gone.