Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
January 5, 2017

Not a huge yielder, but a steady grower of income. A great company. Good management team. They have their fingers in a lot of different places. The core business is managing assets, primarily for pension funds, superannuation funds, etc. They put their own money on the line, but they also manage money for other people.

Not a huge yielder, but a steady grower of income. A great company. Good management team. They have their fingers in a lot of different places. The core business is managing assets, primarily for pension funds, superannuation funds, etc. They put their own money on the line, but they also manage money for other people.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$44.320
Owned
No
COMMENT
COMMENT
January 5, 2017

The company has done pretty well. He is not a big believer in gold. Prefers Goldcorp (G-T).

The company has done pretty well. He is not a big believer in gold. Prefers Goldcorp (G-T).

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$60.300
Owned
No
COMMENT
COMMENT
January 5, 2017

This trades on the price of iron ore which has had a decent move in the last year, but has now kind of rolled over again. Pays a good dividend, and the dividend is sustainable.

This trades on the price of iron ore which has had a decent move in the last year, but has now kind of rolled over again. Pays a good dividend, and the dividend is sustainable.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$18.510
Owned
Unknown
DON'T BUY
DON'T BUY
January 5, 2017

Owned this years ago, and has no intention of buying again. The stock has done better with uranium and energy prices in general going up, but uranium is uranium. You read in the papers about 60 nuclear plants being built, but that was 6 years ago, and they are still having trouble bringing them on. He would avoid this.

Owned this years ago, and has no intention of buying again. The stock has done better with uranium and energy prices in general going up, but uranium is uranium. You read in the papers about 60 nuclear plants being built, but that was 6 years ago, and they are still having trouble bringing them on. He would avoid this.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$14.460
Owned
No
TOP PICK
TOP PICK
January 5, 2017

An independent power producer, producing 1400 MW. The attraction is the growth in offshore wind in Europe where they have 2 projects currently coming on. One is coming on right now, and the other will be coming on in 2017-2018, which will bump their cash flow by 50%-60%. There is potential for pretty big increases in dividends over the next couple of years. In July, they announced that they were doing a strategic review. One family owns 30% of the company, and the question is, do they want out. There is a potential that the assets could be sold. He likes the company long term, because he thinks the dividends are going up. Dividend yield of 4.59%. (Analysts’ price target is $25.60.)

An independent power producer, producing 1400 MW. The attraction is the growth in offshore wind in Europe where they have 2 projects currently coming on. One is coming on right now, and the other will be coming on in 2017-2018, which will bump their cash flow by 50%-60%. There is potential for pretty big increases in dividends over the next couple of years. In July, they announced that they were doing a strategic review. One family owns 30% of the company, and the question is, do they want out. There is a potential that the assets could be sold. He likes the company long term, because he thinks the dividends are going up. Dividend yield of 4.59%. (Analysts’ price target is $25.60.)

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$23.510
Owned
Yes
TOP PICK
TOP PICK
January 5, 2017

He picked this because it has the biggest leverage to the US. They have expanded substantially into the US retail. They have more retail branches in the US than they do in Canada. Have built their brand, merging the 2 banks that they bought. They are deposit heavy, so have more deposits than they have loans. As the economy improves in the US, they can make more loans, which is good. If interest rates go up and they can expand their margins, that is even better. Dividend yield of 3.24%. (Analysts’ price target is $66.84.)

Toronto Dominion (TD-T)
January 5, 2017

He picked this because it has the biggest leverage to the US. They have expanded substantially into the US retail. They have more retail branches in the US than they do in Canada. Have built their brand, merging the 2 banks that they bought. They are deposit heavy, so have more deposits than they have loans. As the economy improves in the US, they can make more loans, which is good. If interest rates go up and they can expand their margins, that is even better. Dividend yield of 3.24%. (Analysts’ price target is $66.84.)

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$67.810
Owned
Yes
TOP PICK
TOP PICK
January 5, 2017

This is down about 13% from its 2016 highs. This is because of self-inflicted stuff. They wrote off the Shomi business they had with Shaw. Hired a new CEO, which he thinks is a good acquisition for them. Also, wrote off the IPTV business, preferring to go with Comcast in the US, so the drain on capital goes away and in the future, they just pay per user. They’ll probably increase their dividend this year, which is the 1st time in a couple of years. Dividend yield of 3.65%. (Analysts’ price target is $57.38.)

This is down about 13% from its 2016 highs. This is because of self-inflicted stuff. They wrote off the Shomi business they had with Shaw. Hired a new CEO, which he thinks is a good acquisition for them. Also, wrote off the IPTV business, preferring to go with Comcast in the US, so the drain on capital goes away and in the future, they just pay per user. They’ll probably increase their dividend this year, which is the 1st time in a couple of years. Dividend yield of 3.65%. (Analysts’ price target is $57.38.)

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$52.670
Owned
Yes