Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
December 29, 2016

He believes the uptick will hold because the acquisition will be accretive. In this case their acquisition is about a new way to grow rather than about new cost cutting. This is a decent stock to own. He thinks they will gradually pay down their new debt.

He believes the uptick will hold because the acquisition will be accretive. In this case their acquisition is about a new way to grow rather than about new cost cutting. This is a decent stock to own. He thinks they will gradually pay down their new debt.

Steve Belisle
Senior Portfolio Manager & Managing Director, Manulife Asset Management
Price
$265.010
Owned
Unknown
BUY
BUY
December 29, 2016

He likes it. They inject capital into companies via preferred shares. This year was tough because some of their partners ran into difficulties. The cash flow is sustainable. You get a 7% yield plus some growth.

Alaris Royalty (AD-T)
December 29, 2016

He likes it. They inject capital into companies via preferred shares. This year was tough because some of their partners ran into difficulties. The cash flow is sustainable. You get a 7% yield plus some growth.

Steve Belisle
Senior Portfolio Manager & Managing Director, Manulife Asset Management
Price
$24.000
Owned
Unknown
BUY
BUY
December 29, 2016

The company has been a good real estate investor in the past. High quality office buildings. The drag has been the exposure to the UK. Brexit has impacted only about 10% of the financials so should not derail it. Dividend growth may not be spectacular on a going forward basis.

The company has been a good real estate investor in the past. High quality office buildings. The drag has been the exposure to the UK. Brexit has impacted only about 10% of the financials so should not derail it. Dividend growth may not be spectacular on a going forward basis.

Steve Belisle
Senior Portfolio Manager & Managing Director, Manulife Asset Management
Price
$29.300
Owned
Yes
WATCH
WATCH
December 29, 2016

They have a good track record with acquisitions. They just closed an acquisition of a US utility that should give them good growth prospects for the next two years. He is concerned about what happens under Trump with renewable power investments. The other problem is tax reform. He is worried if their tax credits will stay going forward.

They have a good track record with acquisitions. They just closed an acquisition of a US utility that should give them good growth prospects for the next two years. He is concerned about what happens under Trump with renewable power investments. The other problem is tax reform. He is worried if their tax credits will stay going forward.

Steve Belisle
Senior Portfolio Manager & Managing Director, Manulife Asset Management
Price
$11.440
Owned
Unknown
BUY
BUY
December 29, 2016

The dividend is safe. The stock has been under pressure from rising interest rates. He likes the business. The water heater business provides a good base. Their recent acquisition in the US has a challenge to convert sales into rentals to provide a recurring cash flow model. You have a sustainable business and a pretty good business base.

EnerCare Inc (ECI-T)
December 29, 2016

The dividend is safe. The stock has been under pressure from rising interest rates. He likes the business. The water heater business provides a good base. Their recent acquisition in the US has a challenge to convert sales into rentals to provide a recurring cash flow model. You have a sustainable business and a pretty good business base.

Steve Belisle
Senior Portfolio Manager & Managing Director, Manulife Asset Management
Price
$17.910
Owned
Unknown
BUY
BUY
December 29, 2016

It remains interesting even though it has been the best performing. They are trading at a discount multiple to two others in the group. They have an attractive Latin American footprint that is growing faster than business here. He likes it. It is not too expensive.

Bank of Nova Scotia (BNS-T)
December 29, 2016

It remains interesting even though it has been the best performing. They are trading at a discount multiple to two others in the group. They have an attractive Latin American footprint that is growing faster than business here. He likes it. It is not too expensive.

Steve Belisle
Senior Portfolio Manager & Managing Director, Manulife Asset Management
Price
$75.390
Owned
Unknown
BUY
BUY
December 29, 2016

The key advantage is its dominance in Quebec. They keep getting market share in Ontario. They have great presence in rural areas in Quebec. They have a strong capital market business that has delivered very stable earnings in the last few years. The market has not paid sufficient multiple for this. They are reluctant to make investment outside of Canada. Hopefully they focus on capital markets this year.

The key advantage is its dominance in Quebec. They keep getting market share in Ontario. They have great presence in rural areas in Quebec. They have a strong capital market business that has delivered very stable earnings in the last few years. The market has not paid sufficient multiple for this. They are reluctant to make investment outside of Canada. Hopefully they focus on capital markets this year.

Steve Belisle
Senior Portfolio Manager & Managing Director, Manulife Asset Management
Price
$54.960
Owned
Unknown