Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
October 11, 2017

Sold this in late June. The issue is that they did an earnings report in August, and everybody was disappointed and they lowered their guidance. The main culprit is the loss of a very good Asian client. It wasn’t anything the company was doing, but that the Asian client wasn’t paying their bills. They have more and more partners penetrating more and more markets and, as a result had to pay out more in commissions. It will end up shooting out a better share price. However, the negative is that expectations are extremely high. He would like to get back into this at some time.

Kinaxis Inc (KXS-T)
October 11, 2017

Sold this in late June. The issue is that they did an earnings report in August, and everybody was disappointed and they lowered their guidance. The main culprit is the loss of a very good Asian client. It wasn’t anything the company was doing, but that the Asian client wasn’t paying their bills. They have more and more partners penetrating more and more markets and, as a result had to pay out more in commissions. It will end up shooting out a better share price. However, the negative is that expectations are extremely high. He would like to get back into this at some time.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$71.360
Owned
No
PAST TOP PICK
PAST TOP PICK
October 11, 2017

(A Top Pick Oct 6/16. Up 23%.) Also known as the Bank of the Internet. They take high interest deposits online, make niche loans and jumbo mortgages to really wealthy foreign nationals. Something that caused him some consternation is that there are a whole bunch of extraneous lawsuits and some regulatory examinations, and it is hard to say what was really going on. They got cleared on all of them.

BofI Holding (BOFI-Q)
October 11, 2017

(A Top Pick Oct 6/16. Up 23%.) Also known as the Bank of the Internet. They take high interest deposits online, make niche loans and jumbo mortgages to really wealthy foreign nationals. Something that caused him some consternation is that there are a whole bunch of extraneous lawsuits and some regulatory examinations, and it is hard to say what was really going on. They got cleared on all of them.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$27.460
Owned
No
PAST TOP PICK
PAST TOP PICK
October 11, 2017

(A Top Pick Oct 6/16. Up 23%.) This bank ETF was interesting to him because it was actively managed, Cdn$ denominated and with mostly foreign exposure.

(A Top Pick Oct 6/16. Up 23%.) This bank ETF was interesting to him because it was actively managed, Cdn$ denominated and with mostly foreign exposure.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$21.780
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 11, 2017

(A Top Pick Oct 6/16. Up 43%.) Acquired by Amazon (AMZN-Q), which he had felt would happen.

(A Top Pick Oct 6/16. Up 43%.) Acquired by Amazon (AMZN-Q), which he had felt would happen.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$41.990
Owned
No
HOLD
HOLD
October 11, 2017

A beautiful, beautiful stock. Went from about 190 million accounts to 220 billion accounts, with 70% of them active. A lot of those active accounts, are doing 30 transactions a year, whereas 2 years ago they were doing 20 transactions. All the metrics are pointing in the right direction.

A beautiful, beautiful stock. Went from about 190 million accounts to 220 billion accounts, with 70% of them active. A lot of those active accounts, are doing 30 transactions a year, whereas 2 years ago they were doing 20 transactions. All the metrics are pointing in the right direction.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$67.780
Owned
No
COMMENT
COMMENT
October 11, 2017

Selling their Couche-Tard shares and buying Jean Coutu (PJC.A-T). Amazon (AMZN-Q) is entering the market with their purchase of Whole Foods. A very competitive space now. Besides the issue of having price competitiveness, you also have the minimum wage situation coming.

Metro Inc (A) (MRU-T)
October 11, 2017

Selling their Couche-Tard shares and buying Jean Coutu (PJC.A-T). Amazon (AMZN-Q) is entering the market with their purchase of Whole Foods. A very competitive space now. Besides the issue of having price competitiveness, you also have the minimum wage situation coming.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$41.990
Owned
No
BUY
BUY
October 11, 2017

Not as familiar with this as he would like to be. It is denominated in US$s. He believes in Prem Watsa and what he is doing. The India story is really attractive, and he seems to be playing this properly. At an $0.80 dollar, you are better buying this then at a $0.72 dollar.

Not as familiar with this as he would like to be. It is denominated in US$s. He believes in Prem Watsa and what he is doing. The India story is really attractive, and he seems to be playing this properly. At an $0.80 dollar, you are better buying this then at a $0.72 dollar.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$17.955
Owned
No