Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 12, 2017

Consumer discretionary is not an area he wants to be overweight in. HBC-T had a good run and good pull back. He wonders what the prospects are to generate cash flow, despite Saks and new brands they have aquired. A US consumer is in far better shape than a Canadian consumer. A lot of volume has moved on to on-line purchases. The ability to reinvest and to get people out there is so much more challenging. This is a value trap. Department stores are in a long term cyclical decline.

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Hudson Bay Co. (HBC-T)
January 12, 2017

Consumer discretionary is not an area he wants to be overweight in. HBC-T had a good run and good pull back. He wonders what the prospects are to generate cash flow, despite Saks and new brands they have aquired. A US consumer is in far better shape than a Canadian consumer. A lot of volume has moved on to on-line purchases. The ability to reinvest and to get people out there is so much more challenging. This is a value trap. Department stores are in a long term cyclical decline.

BUY WEAKNESS
BUY WEAKNESS
January 12, 2017

A great unique company and business model. Pharma and personal care consumer businesses. If you built a position at these levels you probably won’t regret it. It will be akin to US GDP growth. It will not be in the cross hairs of any pharma policy changes.

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Johnson & Johnson (JNJ-N)
January 12, 2017

A great unique company and business model. Pharma and personal care consumer businesses. If you built a position at these levels you probably won’t regret it. It will be akin to US GDP growth. It will not be in the cross hairs of any pharma policy changes.

COMMENT
COMMENT
January 12, 2017

They were downgraded because of worries in the housing markets. The risks are that they are predominantly the Canadian housing lender and winning market share from peers. They have reinvented themselves. There are also concerns about the Canadian housing market. Multiples for all the Canadian banks are low in absolute terms, but high is historical terms. They might grow in terms of dividend growth, but may have headwinds that their peers who are in the US don’t have as much.

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They were downgraded because of worries in the housing markets. The risks are that they are predominantly the Canadian housing lender and winning market share from peers. They have reinvented themselves. There are also concerns about the Canadian housing market. Multiples for all the Canadian banks are low in absolute terms, but high is historical terms. They might grow in terms of dividend growth, but may have headwinds that their peers who are in the US don’t have as much.

BUY WEAKNESS
BUY WEAKNESS
January 12, 2017

He has a small position because it is one of the top market share grocers in the US. They have their organic line, private label, as a catalyst for growth. This could help propel margin expansion. Find it in the low $30s or below. There may be some fund flows out of this stock in some funds and this would create an opportunity.

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Kroger Co. (KR-N)
January 12, 2017

He has a small position because it is one of the top market share grocers in the US. They have their organic line, private label, as a catalyst for growth. This could help propel margin expansion. Find it in the low $30s or below. There may be some fund flows out of this stock in some funds and this would create an opportunity.

BUY WEAKNESS
BUY WEAKNESS
January 12, 2017

When they reported Q3 results there were several disappointments, mainly due to operations in Western Canada. When we finally get some real infrastructure spending, that should really benefit them. He would buy under $14 and sell above $17.

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Aecon Group Inc (ARE-T)
January 12, 2017

When they reported Q3 results there were several disappointments, mainly due to operations in Western Canada. When we finally get some real infrastructure spending, that should really benefit them. He would buy under $14 and sell above $17.

WEAK BUY
WEAK BUY
January 12, 2017

T-T Vs. BCE-T. It is West vs. East. He had to decide when to move toward growth. That means getting rid of some of the "steady Eddies". He owns none of the telecoms right now. Multiples are extremely high. T-T ranks number 1 with customer service and the ability to generate cash flow. Both are great dividend growth companies.

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Telus Corp (T-T)
January 12, 2017

T-T Vs. BCE-T. It is West vs. East. He had to decide when to move toward growth. That means getting rid of some of the "steady Eddies". He owns none of the telecoms right now. Multiples are extremely high. T-T ranks number 1 with customer service and the ability to generate cash flow. Both are great dividend growth companies.

WEAK BUY
WEAK BUY
January 12, 2017

T-T Vs. BCE-T. It is West vs. East. He had to decide when to move toward growth. That means getting rid of some of the steady eddies. He owns none of the telecoms right now. Multiples are extremely high. T-T ranks number 1 with customer service and the ability to generate cash flow. Both are great dividend growth companies.

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BCE Inc. (BCE-T)
January 12, 2017

T-T Vs. BCE-T. It is West vs. East. He had to decide when to move toward growth. That means getting rid of some of the steady eddies. He owns none of the telecoms right now. Multiples are extremely high. T-T ranks number 1 with customer service and the ability to generate cash flow. Both are great dividend growth companies.