Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
September 26, 2017

This has zinc and copper. The stock hit $11.50 and then came down. Did an issue at $10, which he thinks caught the street by surprise. This is a good time to own this. In commodities, he prefers base metals to gold stocks, etc. The best way to do this is to buy this company.

Hudbay Minerals Inc. (HBM-T)
September 26, 2017

This has zinc and copper. The stock hit $11.50 and then came down. Did an issue at $10, which he thinks caught the street by surprise. This is a good time to own this. In commodities, he prefers base metals to gold stocks, etc. The best way to do this is to buy this company.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$8.730
Owned
Unknown
COMMENT
COMMENT
September 26, 2017

He continues to like this. Trading at only 14X earnings. Had some recent disappointments. Anticipated the appliance market would grow 4%-6% this year, but it looks like it is going to grow at only 3.5%. This market doesn’t like disappointments. He likes that he is getting a global franchise that has a reasonable currency play because of the weakness in the US$. A well-run company.

Whirlpool Corp (WHR-N)
September 26, 2017

He continues to like this. Trading at only 14X earnings. Had some recent disappointments. Anticipated the appliance market would grow 4%-6% this year, but it looks like it is going to grow at only 3.5%. This market doesn’t like disappointments. He likes that he is getting a global franchise that has a reasonable currency play because of the weakness in the US$. A well-run company.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$181.630
Owned
Yes
COMMENT
COMMENT
September 26, 2017

Had owned this for a long time, but recently sold it. A bigger portion of their business is tied to heavy oil. Prefers Canadian Natural Resources (CNQ-T).

Suncor Energy Inc (SU-T)
September 26, 2017

Had owned this for a long time, but recently sold it. A bigger portion of their business is tied to heavy oil. Prefers Canadian Natural Resources (CNQ-T).

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$42.660
Owned
No
TOP PICK
TOP PICK
September 26, 2017

He likes to look at contrarian opportunities. This is a monopoly movie distribution business in Canada. It had a lousy quarter, and is going to have a lousy quarter coming up. He looks at this like a commodity. Movie cycles come and go. There is good hope on the screen looking forward. It has become a wonderful value opportunity to buy a depressed stock. Dividend yield of 4.4%. (Analysts’ price target is $48.)

Cineplex Inc (CGX-T)
September 26, 2017

He likes to look at contrarian opportunities. This is a monopoly movie distribution business in Canada. It had a lousy quarter, and is going to have a lousy quarter coming up. He looks at this like a commodity. Movie cycles come and go. There is good hope on the screen looking forward. It has become a wonderful value opportunity to buy a depressed stock. Dividend yield of 4.4%. (Analysts’ price target is $48.)

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$38.010
Owned
Yes
TOP PICK
TOP PICK
September 26, 2017

This has a dividend yield of 4.8%, the highest it has been since 2001. It got punished with the oil sector, and because of all the politics involved. This is a growth business. They are going to grow the dividend at double digits for the next couple of years, and thinks it can continue to grow at double digits beyond that. (Analysts’ price target is $62.)

Enbridge (ENB-T)
September 26, 2017

This has a dividend yield of 4.8%, the highest it has been since 2001. It got punished with the oil sector, and because of all the politics involved. This is a growth business. They are going to grow the dividend at double digits for the next couple of years, and thinks it can continue to grow at double digits beyond that. (Analysts’ price target is $62.)

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$50.940
Owned
Yes
TOP PICK
TOP PICK
September 26, 2017

A play on the US single family home market. Made an acquisition earlier this year of the Silver Bay portfolio of about 9000 single-family homes, adding to their portfolio of about 8000 homes. This is a back-door way to get US exposure into a Canadian portfolio. Also, the supply of single-family homes in the US has been light. Dividend yield of 2.5%. (Analysts’ price target is $13.63.)

Tricon Capital Group (TCN-T)
September 26, 2017

A play on the US single family home market. Made an acquisition earlier this year of the Silver Bay portfolio of about 9000 single-family homes, adding to their portfolio of about 8000 homes. This is a back-door way to get US exposure into a Canadian portfolio. Also, the supply of single-family homes in the US has been light. Dividend yield of 2.5%. (Analysts’ price target is $13.63.)

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$10.040
Owned
Yes