Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
June 7, 2017

He respects their business and what they are doing in terms of being global, especially with their exposure in China. It also pays a dividend. All of that is positive. The issue he has is that it is a hard stock to make money on. They recently reported earnings having a strong quarter. With their dividend of about 3.3% and trading at 11 or 12 times, that yield and Price to earnings valuation is very much in line with where Canadian banks are right now, and he would rather own Canadian banks.

He respects their business and what they are doing in terms of being global, especially with their exposure in China. It also pays a dividend. All of that is positive. The issue he has is that it is a hard stock to make money on. They recently reported earnings having a strong quarter. With their dividend of about 3.3% and trading at 11 or 12 times, that yield and Price to earnings valuation is very much in line with where Canadian banks are right now, and he would rather own Canadian banks.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$23.190
Owned
Unknown
COMMENT
COMMENT
June 7, 2017

Has no exposure to REITs because of valuations. Also, these names are ultrasensitive to even a whisper of interest rates going up. Any time you buy into an asset class that has done as well as REITs, combined with how sensitive they are to interest rate movements, it is a risky proposition. However, this one is top of class.

Has no exposure to REITs because of valuations. Also, these names are ultrasensitive to even a whisper of interest rates going up. Any time you buy into an asset class that has done as well as REITs, combined with how sensitive they are to interest rate movements, it is a risky proposition. However, this one is top of class.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$16.040
Owned
No
COMMENT
COMMENT
June 7, 2017

There are still lots of uncertainties. If you are buying it now, there is a significant component of speculation. It is a little too rich for him, in terms of a risk.

There are still lots of uncertainties. If you are buying it now, there is a significant component of speculation. It is a little too rich for him, in terms of a risk.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$9.640
Owned
No
BUY
BUY
June 7, 2017

A utility stock? This has run up a lot, and he wouldn’t expect the same rate of return on a go forward basis. About half of this is power generation with about half being distribution. They have invested significant capital in the generation business.

A utility stock? This has run up a lot, and he wouldn’t expect the same rate of return on a go forward basis. About half of this is power generation with about half being distribution. They have invested significant capital in the generation business.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$13.960
Owned
Yes
BUY
BUY
June 7, 2017

A utility stock? This has run up a lot, and he wouldn’t expect the same rate of return on a go forward basis. Focused on growth and bought a large acquisition in the US. That will provide them with upside and growth potential, and they’ve indicated that they expect a 8%-10% dividend growth trajectory.

Emera Inc (EMA-T)
June 7, 2017

A utility stock? This has run up a lot, and he wouldn’t expect the same rate of return on a go forward basis. Focused on growth and bought a large acquisition in the US. That will provide them with upside and growth potential, and they’ve indicated that they expect a 8%-10% dividend growth trajectory.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$48.890
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 7, 2017

(A Top Pick March 17/16. Up 17%.) Sold this recently. They are still undergoing a move from the traditional business, which is still making money, but they have been very aggressive in making acquisitions.

Cisco (CSCO-Q)
June 7, 2017

(A Top Pick March 17/16. Up 17%.) Sold this recently. They are still undergoing a move from the traditional business, which is still making money, but they have been very aggressive in making acquisitions.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$31.610
Owned
No
PAST TOP PICK
PAST TOP PICK
June 7, 2017

(A Top Pick March 17/16. Down 26%.) This has been a tough name. He sold his holdings in February. Their hep C and HIV drugs have been under a lot of pressure from competition and lower drug prices.

(A Top Pick March 17/16. Down 26%.) This has been a tough name. He sold his holdings in February. Their hep C and HIV drugs have been under a lot of pressure from competition and lower drug prices.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$64.320
Owned
No