Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
January 11, 2017

This tends to get labelled as a regional bank because it has a strong Québec presence. Thinks the regulatory rollback that is likely to occur in the US will favour some of our banks, some more so than others. He would tend to favour the larger and more diversified Canadian banks, such as Bank of Nova Scotia (BNS-T) which has a large presence in Latin America, TD (TD-T) and Royal (RY-T) that are very active in the US.

This tends to get labelled as a regional bank because it has a strong Québec presence. Thinks the regulatory rollback that is likely to occur in the US will favour some of our banks, some more so than others. He would tend to favour the larger and more diversified Canadian banks, such as Bank of Nova Scotia (BNS-T) which has a large presence in Latin America, TD (TD-T) and Royal (RY-T) that are very active in the US.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$55.160
Owned
Unknown
BUY
BUY
January 11, 2017

Playing in the growing category of pulses, beans and lentils, which are on trend with consumers’ tastes and preferences, and increasingly dietary restrictions. A robust growth story. He likes this.

Playing in the growing category of pulses, beans and lentils, which are on trend with consumers’ tastes and preferences, and increasingly dietary restrictions. A robust growth story. He likes this.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$35.370
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 11, 2017

(A Top Pick Aug 29/16. Down 10.9%.) The consumer staples group as a whole, has been a source of money for investors chasing more procyclical exposure in energy, and in some cases gold or base metals in the 4th quarter, or even industrials or financials. He continues to Buy this.

(A Top Pick Aug 29/16. Down 10.9%.) The consumer staples group as a whole, has been a source of money for investors chasing more procyclical exposure in energy, and in some cases gold or base metals in the 4th quarter, or even industrials or financials. He continues to Buy this.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$60.100
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 11, 2017

(A Top Pick Aug 29/16. Up 8.21%.) This has been a tremendous “shareholder value” creator. It is in labels, printing, containers and packaging. Had a very nice bump in December when they announced the largest acquisition in corporate history of Innovia.

(A Top Pick Aug 29/16. Up 8.21%.) This has been a tremendous “shareholder value” creator. It is in labels, printing, containers and packaging. Had a very nice bump in December when they announced the largest acquisition in corporate history of Innovia.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$259.000
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 11, 2017

(A Top Pick Aug 29/16. Up 14.93%.) Very much on trend to where investors are reallocating funds in the 4th quarter in the wake of signals given from the election. Canada’s largest auto parts supplier. A prolific cash flow generator with a decent dividend yield. Expects they are going to be buying back stock, which is a new phenomenon for them.

Magna Int'l. (A) (MG-T)
January 11, 2017

(A Top Pick Aug 29/16. Up 14.93%.) Very much on trend to where investors are reallocating funds in the 4th quarter in the wake of signals given from the election. Canada’s largest auto parts supplier. A prolific cash flow generator with a decent dividend yield. Expects they are going to be buying back stock, which is a new phenomenon for them.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$60.080
Owned
Yes
BUY
BUY
January 11, 2017

Banks are going to continue to be leadership. This is his largest single holding. He has tremendous confidence in management, in the strategy, and in the US expansion plans. Their acquisition of the discount brokerage of Scott Trade should be accretive to earnings.

Toronto Dominion (TD-T)
January 11, 2017

Banks are going to continue to be leadership. This is his largest single holding. He has tremendous confidence in management, in the strategy, and in the US expansion plans. Their acquisition of the discount brokerage of Scott Trade should be accretive to earnings.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$67.350
Owned
Yes
COMMENT
COMMENT
January 11, 2017

Gold can be tail risk insurance in a portfolio in the event of financial calamity, currency debasement or rampant inflation. Sometimes an effective way to put on that positioning in the portfolio is through the producers. His view is less constructive on gold as a commodity at the moment. This has a large-scale open pit mine in Northern Ontario, and a long mine life. With the US$ being very strong and the Fed likely increasing interest rates, that would colour his view on holding this name.

Detour Gold (DGC-T)
January 11, 2017

Gold can be tail risk insurance in a portfolio in the event of financial calamity, currency debasement or rampant inflation. Sometimes an effective way to put on that positioning in the portfolio is through the producers. His view is less constructive on gold as a commodity at the moment. This has a large-scale open pit mine in Northern Ontario, and a long mine life. With the US$ being very strong and the Fed likely increasing interest rates, that would colour his view on holding this name.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$17.690
Owned
Unknown