Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
September 26, 2017

(A Top Pick Nov 30/16. Up 4%.) Bought this just prior to the Trump bump, but after they made the first announcement with respect to the deposit issue. He got a good price and a good dividend. The dividend will continue to grow. Trading at 1.2X Book, which is really, really cheap.

Wells Fargo (WFC-N)
September 26, 2017

(A Top Pick Nov 30/16. Up 4%.) Bought this just prior to the Trump bump, but after they made the first announcement with respect to the deposit issue. He got a good price and a good dividend. The dividend will continue to grow. Trading at 1.2X Book, which is really, really cheap.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$53.800
Owned
Yes
COMMENT
COMMENT
September 26, 2017

Recently bought this. Had been looking at names that were unduly hurt or had not participated in this big rally, and this one was a screaming opportunity. Had some struggles lately, as the market is trying to digest its recent acquisitions. They have a bit of a tax issue with respect to the US. A good fundamental company with a reasonable amount of earnings. Their acquisition makes sense and will allow them to continue to grow.

Open Text (OTEX-T)
September 26, 2017

Recently bought this. Had been looking at names that were unduly hurt or had not participated in this big rally, and this one was a screaming opportunity. Had some struggles lately, as the market is trying to digest its recent acquisitions. They have a bit of a tax issue with respect to the US. A good fundamental company with a reasonable amount of earnings. Their acquisition makes sense and will allow them to continue to grow.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$38.840
Owned
Yes
COMMENT
COMMENT
September 26, 2017

A pure play in zinc. He likes what they did on the acquisition of the Glencore assets, with respect to the share issues they made. Zinc is very, very tight. Supply has been very tight, and he thinks zinc is going to have to get to $1.50-$1.60 soon. Too small for his holdings.

Trevali Mining Corp (TV-T)
September 26, 2017

A pure play in zinc. He likes what they did on the acquisition of the Glencore assets, with respect to the share issues they made. Zinc is very, very tight. Supply has been very tight, and he thinks zinc is going to have to get to $1.50-$1.60 soon. Too small for his holdings.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$1.380
Owned
No
WAIT
WAIT
September 26, 2017

Slashed its store opening forecast and the shares fell 35%. This hasn’t been seasoned enough to test the mettle of the management team. He would wait to see.

Freshii Inc (FRII-T)
September 26, 2017

Slashed its store opening forecast and the shares fell 35%. This hasn’t been seasoned enough to test the mettle of the management team. He would wait to see.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$5.750
Owned
No
COMMENT
COMMENT
September 26, 2017

A good dividend growth story. Well-managed from the perspective that it generates cash to the owners. They are very good to their shareholders. He would attribute the last $5 decline more to the fear of rising interest rates than anything specifically material to the company. Close to a 5% dividend yield is pretty darned good.

BCE Inc. (BCE-T)
September 26, 2017

A good dividend growth story. Well-managed from the perspective that it generates cash to the owners. They are very good to their shareholders. He would attribute the last $5 decline more to the fear of rising interest rates than anything specifically material to the company. Close to a 5% dividend yield is pretty darned good.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$57.980
Owned
Yes
COMMENT
COMMENT
September 26, 2017

Auto parts have climbed a wall of worry. Everybody was waiting for the auto cycle to end, to roll over from 17.5 million and go down to 16 million, which it appears to be doing. However, these stocks haven’t done anything, they just continue to make money. Generates lots and lots of cash. The multiple has gone from a very low level to a still cheap basis, because of fears. You want to buy a stock when everybody is afraid. As long as they keep spinning cash, it’s a wonderful business to own. He wouldn’t be adding to new clients accounts today.

Linamar Corp (LNR-T)
September 26, 2017

Auto parts have climbed a wall of worry. Everybody was waiting for the auto cycle to end, to roll over from 17.5 million and go down to 16 million, which it appears to be doing. However, these stocks haven’t done anything, they just continue to make money. Generates lots and lots of cash. The multiple has gone from a very low level to a still cheap basis, because of fears. You want to buy a stock when everybody is afraid. As long as they keep spinning cash, it’s a wonderful business to own. He wouldn’t be adding to new clients accounts today.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$74.350
Owned
No
COMMENT
COMMENT
September 26, 2017

This has been a good Canadian story. The issue for him is, what do you pay for a good story today. It has very, very high expectations, and is part of the whole disruption world. What they do for businesses is wonderful, and they have a good lock, as proved by the fact that Amazon (AMZN-Q) uses their technology. The issue for him is valuation.

Shopify Inc. (SHOP-T)
September 26, 2017

This has been a good Canadian story. The issue for him is, what do you pay for a good story today. It has very, very high expectations, and is part of the whole disruption world. What they do for businesses is wonderful, and they have a good lock, as proved by the fact that Amazon (AMZN-Q) uses their technology. The issue for him is valuation.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$140.060
Owned
No