Latest Expert Opinions

Signal
Opinion
Expert
SELL
SELL
January 23, 2017

Radio station with specialty channels. They also own a children’s program. Feels the balance sheet is stretched and that the payout ratio is a little tight. Feels it is a trading stock in the $12-$13 range. Doesn’t see the business as being sustainable long-term. Prefers something with growth such as DHX Media (DHX.B-T), however you will be giving up some yield.

Radio station with specialty channels. They also own a children’s program. Feels the balance sheet is stretched and that the payout ratio is a little tight. Feels it is a trading stock in the $12-$13 range. Doesn’t see the business as being sustainable long-term. Prefers something with growth such as DHX Media (DHX.B-T), however you will be giving up some yield.

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$13.300
Owned
No
TOP PICK
TOP PICK
January 23, 2017

Satellite communications and drones. There is a lot of buying in the large-cap names in Canada, and this is where you are going to get more upside because valuations are more attractive. They make all the intelligence that is in the drones. He sees growth in the business. Valuation of 12X, which is very cheap. It was beaten down last year because of tax loss selling, and has bounced back already. Well positioned going forward given its quality. About a year ago, they got clearance from the US government to set up a US company. The majority of their manufacturing is done in California. Dividend

Satellite communications and drones. There is a lot of buying in the large-cap names in Canada, and this is where you are going to get more upside because valuations are more attractive. They make all the intelligence that is in the drones. He sees growth in the business. Valuation of 12X, which is very cheap. It was beaten down last year because of tax loss selling, and has bounced back already. Well positioned going forward given its quality. About a year ago, they got clearance from the US government to set up a US company. The majority of their manufacturing is done in California. Dividend

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$72.330
Owned
Yes
TOP PICK
TOP PICK
January 23, 2017

A controversial call, because somebody downgraded it recently, which took the stock down a little. The yield is good and he likes management. A pristine balance sheet. Real estate is a laggard area, and he expects that part of the market to improve. Next 2 quarters are probably not going to be great and he is expecting a trough in Q2, which is when you really want to be in this, but you have to be 6 months ahead of that because the market is already looking for this. There is a 20% Short interest on this out of the US. Dividend yield of 4.70%. (Analysts’ price target is $46.68.)

Boardwalk REIT (BEI.UN-T)
January 23, 2017

A controversial call, because somebody downgraded it recently, which took the stock down a little. The yield is good and he likes management. A pristine balance sheet. Real estate is a laggard area, and he expects that part of the market to improve. Next 2 quarters are probably not going to be great and he is expecting a trough in Q2, which is when you really want to be in this, but you have to be 6 months ahead of that because the market is already looking for this. There is a 20% Short interest on this out of the US. Dividend yield of 4.70%. (Analysts’ price target is $46.68.)

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$47.030
Owned
Yes
TOP PICK
TOP PICK
January 23, 2017

He recommends this because there is no interest rate sensitivity. High quality business. It has underperformed for the last 6 months, and thinks people are going to start looking back at quality. The stock just broke out over $52 which he thinks is very positive. They also have a very good slate of movies coming out this year, and have been able to diversify away from just movies. Dividend yield of 3.11%. (Analysts’ price target is $54.82.)

Cineplex Inc (CGX-T)
January 23, 2017

He recommends this because there is no interest rate sensitivity. High quality business. It has underperformed for the last 6 months, and thinks people are going to start looking back at quality. The stock just broke out over $52 which he thinks is very positive. They also have a very good slate of movies coming out this year, and have been able to diversify away from just movies. Dividend yield of 3.11%. (Analysts’ price target is $54.82.)

Steve DiGregorio
Portfolio Manager, Canoe Financial
Price
$52.110
Owned
Yes