Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
January 16, 2017

Sell? Transports have done quite well in the last while and are up a fair bit. This is trading at about 18X earnings. The rail industry has consolidated quite heavily over the last 5-10 years, so you have seen them really thinking about ROI. Because they have a better efficiency and asset utilization, they’ve had better margins, and that is going to continue. With oil stabilizing and commodities doing a little better, you should see better returns over the next while.

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Sell? Transports have done quite well in the last while and are up a fair bit. This is trading at about 18X earnings. The rail industry has consolidated quite heavily over the last 5-10 years, so you have seen them really thinking about ROI. Because they have a better efficiency and asset utilization, they’ve had better margins, and that is going to continue. With oil stabilizing and commodities doing a little better, you should see better returns over the next while.

COMMENT
COMMENT
January 16, 2017

A holding company for many other Brookfield holdings, including real estate. A really well run company. They’ve really narrowed NAV, because it used to trade at a discount. They spin out stuff and you end up getting 1 or 2 shares. An asset management company, so they constantly buy assets. They look for undervalued assets, nurture them and grow them and then either spin them out or sell them. This is always going to trade at a discount to its NAV.

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A holding company for many other Brookfield holdings, including real estate. A really well run company. They’ve really narrowed NAV, because it used to trade at a discount. They spin out stuff and you end up getting 1 or 2 shares. An asset management company, so they constantly buy assets. They look for undervalued assets, nurture them and grow them and then either spin them out or sell them. This is always going to trade at a discount to its NAV.

COMMENT
COMMENT
January 16, 2017

From a valuation perspective, this is not a stock he would own as the metrics are too high for him. When you talk to advertising and Digital media people, and ask where the advertising dollar is going, it is really just going to 2 places; Google and Facebook. They really have a stranglehold on Internet advertising. As print media disappears, it is all going to these 2 companies. They have some real momentum behind them in growing their businesses. The risk from a valuation perspective is if people start seeing this as a media company as opposed to a tech company.

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Facebook (FB-Q)
January 16, 2017

From a valuation perspective, this is not a stock he would own as the metrics are too high for him. When you talk to advertising and Digital media people, and ask where the advertising dollar is going, it is really just going to 2 places; Google and Facebook. They really have a stranglehold on Internet advertising. As print media disappears, it is all going to these 2 companies. They have some real momentum behind them in growing their businesses. The risk from a valuation perspective is if people start seeing this as a media company as opposed to a tech company.

COMMENT
COMMENT
January 16, 2017

Manulife (MFC-T) or Sun Life (SLF-T)? As interest rates started going up, they have done well in the last little while. To him, Sun Life is a much more stable company. This company has a really great Asian franchise which can drive their business a lot more than Sun Life’s.

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Manulife Financial (MFC-T)
January 16, 2017

Manulife (MFC-T) or Sun Life (SLF-T)? As interest rates started going up, they have done well in the last little while. To him, Sun Life is a much more stable company. This company has a really great Asian franchise which can drive their business a lot more than Sun Life’s.

COMMENT
COMMENT
January 16, 2017

Manulife (MFC-T) or Sun Life (SLF-T)? As interest rates started going up, they have done well in the last little while. To him, this one is much more stable. They’ve had some restructuring going on. Although their asset management business has lost some assets, it is a very strong company and is much better than Manulife’s asset management business. They’ve had the ability to reprice some of their products which is going to help them on the margin side. With rates going up, it totally benefits them. This is a much more stable company and less volatile.

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Manulife (MFC-T) or Sun Life (SLF-T)? As interest rates started going up, they have done well in the last little while. To him, this one is much more stable. They’ve had some restructuring going on. Although their asset management business has lost some assets, it is a very strong company and is much better than Manulife’s asset management business. They’ve had the ability to reprice some of their products which is going to help them on the margin side. With rates going up, it totally benefits them. This is a much more stable company and less volatile.

PAST TOP PICK
PAST TOP PICK
January 16, 2017

(A Top Pick Feb 11/16. Up 109.35%.) This has done incredibly well since November 9. It is still trading at .8X Book. (Canadian banks are trading at close to 2X Book.) It has a great franchise, whether it is retail or investment banking. He can see a lot of room on the upside. Try to Buy on weakness.

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Bank of America (BAC-N)
January 16, 2017

(A Top Pick Feb 11/16. Up 109.35%.) This has done incredibly well since November 9. It is still trading at .8X Book. (Canadian banks are trading at close to 2X Book.) It has a great franchise, whether it is retail or investment banking. He can see a lot of room on the upside. Try to Buy on weakness.

PAST TOP PICK
PAST TOP PICK
January 16, 2017

(A Top Pick Feb 11/16. Up 34.39%.) About 40% of this is owned by a German family, so it has a very stable ownership base. Also, it has a great brand. They’ve done a very good job on research/development.

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(A Top Pick Feb 11/16. Up 34.39%.) About 40% of this is owned by a German family, so it has a very stable ownership base. Also, it has a great brand. They’ve done a very good job on research/development.