Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
January 10, 2017

(A Top Pick Aug 17/16. Up 21.34%.) This had really terrific results shortly after he had recommended it. A very well-run company. It doesn’t face a lot of the same type of problems that a lot of energy companies face. A very disciplined and well run company.

Suncor Energy Inc (SU-T)
January 10, 2017

(A Top Pick Aug 17/16. Up 21.34%.) This had really terrific results shortly after he had recommended it. A very well-run company. It doesn’t face a lot of the same type of problems that a lot of energy companies face. A very disciplined and well run company.

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management
Price
$43.010
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 10, 2017

(A Top Pick Aug 17/16. Up 21.05%.) A global freight logistics company. One of those businesses in 2015 that got hit really hard because it had done too many acquisitions with a little bit too much debt into early 2016. Likes that it is a very high, free cash flow business. Trading at about 8.5X EBITDA, and growing in the 20%-25% rate. A fantastic business.

XPO Logistics, Inc (XPO-N)
January 10, 2017

(A Top Pick Aug 17/16. Up 21.05%.) A global freight logistics company. One of those businesses in 2015 that got hit really hard because it had done too many acquisitions with a little bit too much debt into early 2016. Likes that it is a very high, free cash flow business. Trading at about 8.5X EBITDA, and growing in the 20%-25% rate. A fantastic business.

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management
Price
$43.510
Owned
Yes
HOLD
HOLD
January 10, 2017

A packaging company for a lot of consumer products. Has done extremely well over the last couple of years. As long as the Cdn$ stays weak, it is a nice tailwind for them. There are some US competitors, so there may be some US legislation coming down which may drop the US tax rates from 30% to 15%, which would make the US competition a lot more competitive.

A packaging company for a lot of consumer products. Has done extremely well over the last couple of years. As long as the Cdn$ stays weak, it is a nice tailwind for them. There are some US competitors, so there may be some US legislation coming down which may drop the US tax rates from 30% to 15%, which would make the US competition a lot more competitive.

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management
Price
$256.900
Owned
Unknown
COMMENT
COMMENT
January 10, 2017

He is constructive on oil and thinks prices will do better this year. For the very first time, this coming quarter you are going to get really strong year-over-year comparisons in energy, so energy is a good place to be. This one tends to be a more defensive, but in this environment it is going to do just fine. It wouldn’t be his 1st preference, especially when you have a company like Suncor (SU-T) in your backyard.

He is constructive on oil and thinks prices will do better this year. For the very first time, this coming quarter you are going to get really strong year-over-year comparisons in energy, so energy is a good place to be. This one tends to be a more defensive, but in this environment it is going to do just fine. It wouldn’t be his 1st preference, especially when you have a company like Suncor (SU-T) in your backyard.

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management
Price
$54.370
Owned
Unknown
COMMENT
COMMENT
January 10, 2017

North American rail stocks had a pretty difficult 2014-2015. He got more constructive on them early last year. The stocks have had a pretty big recovery over the course of the year. In the transportation arena, rails are very properly valued. In most cases they are at or above the market multiple. Canadian Pacific (CP-T) stands out as a little cheaper, so there may be a bit more opportunity in that. There has been a real change going on in the North American airline industry, and he thinks those names are going to do the best. (See Top Picks.)

Union Pacific Corp (UNP-N)
January 10, 2017

North American rail stocks had a pretty difficult 2014-2015. He got more constructive on them early last year. The stocks have had a pretty big recovery over the course of the year. In the transportation arena, rails are very properly valued. In most cases they are at or above the market multiple. Canadian Pacific (CP-T) stands out as a little cheaper, so there may be a bit more opportunity in that. There has been a real change going on in the North American airline industry, and he thinks those names are going to do the best. (See Top Picks.)

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management
Price
$103.420
Owned
Unknown
COMMENT
COMMENT
January 10, 2017

There are a lot of these types of companies that have very, very fast hyper growth periods for the brand. This one has had one of the longer runs of any brand, to the point where athletic apparel, a little over a year ago, was at the point where people thought that is all that people were going to wear. Because of this, valuations just got too high. A fantastic business, but everything can have too much of a run. Although this has pulled back, it is still too rich for him, relative to its growth rate.

Nike Inc (NKE-N)
January 10, 2017

There are a lot of these types of companies that have very, very fast hyper growth periods for the brand. This one has had one of the longer runs of any brand, to the point where athletic apparel, a little over a year ago, was at the point where people thought that is all that people were going to wear. Because of this, valuations just got too high. A fantastic business, but everything can have too much of a run. Although this has pulled back, it is still too rich for him, relative to its growth rate.

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management
Price
$53.110
Owned
No
TOP PICK
TOP PICK
January 10, 2017

This has done well and is still cheap. One of the more international players. Dividend yield of 1.06%. (Analysts’ price target is $63.96.)

CitiGroup (C-N)
January 10, 2017

This has done well and is still cheap. One of the more international players. Dividend yield of 1.06%. (Analysts’ price target is $63.96.)

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management
Price
$60.230
Owned
Yes