Latest Expert Opinions

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

A great company and a great business. They purchase in US$ for most of their inputs even though they are Canadian. Their input costs should be rising, but they should be able to pass that through into their end prices.

McCormick & Co (MKC-N)
January 12, 2017

A great company and a great business. They purchase in US$ for most of their inputs even though they are Canadian. Their input costs should be rising, but they should be able to pass that through into their end prices.

Mohsin Bashir
VP Investments, Stone Asset Management
Price
$90.700
Owned
No
BUY
BUY
January 12, 2017

He was looking at this one as a potential, but he missed the opportunities when it traded off a bit. They are one of the biggest bus manufacturers for municipal transport. A lot of it will hinge on municipality budgets and spending on public transit. They are going to be susceptible to the timings on when approvals are granted. The trends are not broken, however.

He was looking at this one as a potential, but he missed the opportunities when it traded off a bit. They are one of the biggest bus manufacturers for municipal transport. A lot of it will hinge on municipality budgets and spending on public transit. They are going to be susceptible to the timings on when approvals are granted. The trends are not broken, however.

Mohsin Bashir
VP Investments, Stone Asset Management
Price
$40.890
Owned
Unknown
TOP PICK
TOP PICK
January 12, 2017

He sees more upside. There are several reasons to like it. The chart is scary. He is recommending it here. It stands to benefit after being handcuffed for nearly 10 years. They have gone the extra mile to streamline their product line up and reduce costs. They are going to benefit from being a more streamlined operator. They will get the tail wind of higher interest rates. (Analysts’ Target: $23.81).

Bank of America (BAC-N)
January 12, 2017

He sees more upside. There are several reasons to like it. The chart is scary. He is recommending it here. It stands to benefit after being handcuffed for nearly 10 years. They have gone the extra mile to streamline their product line up and reduce costs. They are going to benefit from being a more streamlined operator. They will get the tail wind of higher interest rates. (Analysts’ Target: $23.81).

Mohsin Bashir
VP Investments, Stone Asset Management
Price
$22.920
Owned
Yes
TOP PICK
TOP PICK
January 12, 2017

Exploration and production light oil production. They plan to increase from 45k to 55k barrels per day production by the end of this year. He likes that the balance sheet has room on it and they carry less debt than peers. They stand to benefit from a rising commodity. (Analysts’ Target; $14.80).

Whitecap Resources (WCP-T)
January 12, 2017

Exploration and production light oil production. They plan to increase from 45k to 55k barrels per day production by the end of this year. He likes that the balance sheet has room on it and they carry less debt than peers. They stand to benefit from a rising commodity. (Analysts’ Target; $14.80).

Mohsin Bashir
VP Investments, Stone Asset Management
Price
$11.250
Owned
Yes
TOP PICK
TOP PICK
January 12, 2017

They are a junior version of a BAM.A-T. They have a hot opportunity in the form of single family properties in the US sun belt. There are secular growth trail winds in single family rental homes. (Analysts’ Target: $12.56).

They are a junior version of a BAM.A-T. They have a hot opportunity in the form of single family properties in the US sun belt. There are secular growth trail winds in single family rental homes. (Analysts’ Target: $12.56).

Mohsin Bashir
VP Investments, Stone Asset Management
Price
$9.840
Owned
Yes
COMMENT
COMMENT
January 12, 2017

Royalty plays. Great dividend yields, but doesn’t see a lot of reason to get constructive on these names. Sees better opportunity on dividend growth elsewhere.

Alaris Royalty (AD-T)
January 12, 2017

Royalty plays. Great dividend yields, but doesn’t see a lot of reason to get constructive on these names. Sees better opportunity on dividend growth elsewhere.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$23.470
Owned
No
DON'T BUY
DON'T BUY
January 12, 2017

This hasn’t been able to get anything going. Valuation looked compelling, but it turned out to be a bit of a value trap. They have fantastic real estate, but if retail sales are going into a secular decline, which seems to be happening because of Amazon (AMZN-Q), what is the real estate actually worth. They’ve loaded up their balance sheet with debt. They have attractive assets, but at what price can they sell those assets at. Wait for a bit of a turnaround or a catalyst.

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

This hasn’t been able to get anything going. Valuation looked compelling, but it turned out to be a bit of a value trap. They have fantastic real estate, but if retail sales are going into a secular decline, which seems to be happening because of Amazon (AMZN-Q), what is the real estate actually worth. They’ve loaded up their balance sheet with debt. They have attractive assets, but at what price can they sell those assets at. Wait for a bit of a turnaround or a catalyst.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$9.080
Owned
No