Latest Expert Opinions

Signal
Opinion
Expert
SELL
SELL
February 24, 2017

This is fairly valued at around $200. Management is pretty strong and it has an OK dividend, but operating efficiencies and ratios have improved significantly over time, and how much more can they get out of it at this point. Fully valued. Dividend yield of 1%.

This is fairly valued at around $200. Management is pretty strong and it has an OK dividend, but operating efficiencies and ratios have improved significantly over time, and how much more can they get out of it at this point. Fully valued. Dividend yield of 1%.

Bill Shaw
Partner & Portfolio Manager, Exponent Investment Management
Price
$194.070
Owned
Unknown
BUY
BUY
February 24, 2017

Had a great quarter. All the banks are likely to come out with fairly reasonable earnings over the next couple of days. They are going to benefit from a rising interest rate environment. Security prices are a lot higher, so capital markets are doing a lot better. Dividend increases continue and he sees that continuing. (See Top Picks.)

Royal Bank (RY-T)
February 24, 2017

Had a great quarter. All the banks are likely to come out with fairly reasonable earnings over the next couple of days. They are going to benefit from a rising interest rate environment. Security prices are a lot higher, so capital markets are doing a lot better. Dividend increases continue and he sees that continuing. (See Top Picks.)

Bill Shaw
Partner & Portfolio Manager, Exponent Investment Management
Price
$96.610
Owned
Unknown
COMMENT
COMMENT
February 24, 2017

This has had quite a run in the past year. Efficiency ratios are excellent and management is good. Pays a modest dividend. It is fully valued.

This has had quite a run in the past year. Efficiency ratios are excellent and management is good. Pays a modest dividend. It is fully valued.

Bill Shaw
Partner & Portfolio Manager, Exponent Investment Management
Price
$92.360
Owned
Unknown
BUY
BUY
February 24, 2017

A very well-managed REIT. Has a portfolio of basically Walmart anchored tenants for its plazas. Has a good development team in place, so he expects they will continue to see growth. Very reasonable dividend at just over 5%. A name that you could buy over the next several years.

Smart REIT (SRU.UN-T)
February 24, 2017

A very well-managed REIT. Has a portfolio of basically Walmart anchored tenants for its plazas. Has a good development team in place, so he expects they will continue to see growth. Very reasonable dividend at just over 5%. A name that you could buy over the next several years.

Bill Shaw
Partner & Portfolio Manager, Exponent Investment Management
Price
$33.450
Owned
Unknown
DON'T BUY
DON'T BUY
February 24, 2017

A smaller energy producer. Results have been OK. Most of these names have gotten a bit stretched in terms of valuation.

Northland Power Inc (NPI-T)
February 24, 2017

A smaller energy producer. Results have been OK. Most of these names have gotten a bit stretched in terms of valuation.

Bill Shaw
Partner & Portfolio Manager, Exponent Investment Management
Price
$24.430
Owned
Unknown
HOLD
HOLD
February 24, 2017

This has underperformed. They did a stock issue that investors were not too happy with. In terms of communication, this company has not been the best. There have been rumours of potential activists investors coming in, but the company has stated that there is no one really interested. Thinks it is going to be a “show me” story. They have great technical expertise and have been able to increase production in the past.

This has underperformed. They did a stock issue that investors were not too happy with. In terms of communication, this company has not been the best. There have been rumours of potential activists investors coming in, but the company has stated that there is no one really interested. Thinks it is going to be a “show me” story. They have great technical expertise and have been able to increase production in the past.

Bill Shaw
Partner & Portfolio Manager, Exponent Investment Management
Price
$14.990
Owned
Unknown
COMMENT
COMMENT
February 24, 2017

Well-managed. Its properties are pretty decent. Retail REITs are not performing as well, so he prefers more diversified REITs. The yield is north of 8%.

Well-managed. Its properties are pretty decent. Retail REITs are not performing as well, so he prefers more diversified REITs. The yield is north of 8%.

Bill Shaw
Partner & Portfolio Manager, Exponent Investment Management
Price
$12.860
Owned
Unknown