Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
November 27, 2017

Management team is very smart and seem to have endless opportunities to get growth. It’s hard to justify the valuation, so he is watching this with interest. If there is a material pullback, or he gets more comfortable, he may take some on. Trading at about 25X Forward Earnings.

Management team is very smart and seem to have endless opportunities to get growth. It’s hard to justify the valuation, so he is watching this with interest. If there is a material pullback, or he gets more comfortable, he may take some on. Trading at about 25X Forward Earnings.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$84.160
Owned
No
BUY
BUY
November 27, 2017

An extremely well-run company. They are working so many projects, plus they just acquired Veresen, which they have to digest. If you are going to play energy, this is an interesting way to play it, because about 70% of it is contract based. They just boosted their dividend again.

An extremely well-run company. They are working so many projects, plus they just acquired Veresen, which they have to digest. If you are going to play energy, this is an interesting way to play it, because about 70% of it is contract based. They just boosted their dividend again.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$44.220
Owned
Yes
SELL
SELL
November 27, 2017

Hold or Sell? A great business. It has a moat as there is never going to be another terminal to hold coal in BC. They are making a lot of hay now because of the big demand for metallurgical coal. He doesn’t own this because it is a one company customer, being married to Teck Resources (TECK.B-T), which runs into trouble every few years. A brilliant asset, but you need more diversification. Would prefer something like Brookfield Infrastructure (BIP.UN-T) instead.

Hold or Sell? A great business. It has a moat as there is never going to be another terminal to hold coal in BC. They are making a lot of hay now because of the big demand for metallurgical coal. He doesn’t own this because it is a one company customer, being married to Teck Resources (TECK.B-T), which runs into trouble every few years. A brilliant asset, but you need more diversification. Would prefer something like Brookfield Infrastructure (BIP.UN-T) instead.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$24.770
Owned
Unknown
COMMENT
COMMENT
November 27, 2017

The 2nd biggest in the Cloud, and are also making a lot of money in selling software. Microsoft 365 Solution is 90% margin for them, and they are transitioning more people to the Cloud. Valuation is quite inexpensive.

Microsoft (MSFT-Q)
November 27, 2017

The 2nd biggest in the Cloud, and are also making a lot of money in selling software. Microsoft 365 Solution is 90% margin for them, and they are transitioning more people to the Cloud. Valuation is quite inexpensive.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$83.870
Owned
Unknown
TOP PICK
TOP PICK
November 27, 2017

Thinks this is the world’s largest asset manager. They own iShares ETF’s, which is the biggest seller having 50% of market share. What excites him about this company is their 3 trillion of ETF’s. There are 16 trillion of mutual funds. Mutual funds have 2%-2.5% fees where you can buy an ETF very inexpensively. More fund managers, more retail investors and Robo advisors are going to be using ETF’s more and more. The company sells a software program that helps financial advisors allocate their portfolios into assets. Dividend yield of 2.1%. (Analysts’ price target is $515.00)

Blackrock Inc. (BLK-N)
November 27, 2017

Thinks this is the world’s largest asset manager. They own iShares ETF’s, which is the biggest seller having 50% of market share. What excites him about this company is their 3 trillion of ETF’s. There are 16 trillion of mutual funds. Mutual funds have 2%-2.5% fees where you can buy an ETF very inexpensively. More fund managers, more retail investors and Robo advisors are going to be using ETF’s more and more. The company sells a software program that helps financial advisors allocate their portfolios into assets. Dividend yield of 2.1%. (Analysts’ price target is $515.00)

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$481.960
Owned
Yes
TOP PICK
TOP PICK
November 27, 2017

He likes the cash flow they get from the hot water business to get into smart meters and HVAC service sales and rental in North America. The average age of the air-conditioner in the US is 10 years old, and there are some new standards that are coming in. Meanwhile there are about 50,000 mom-and-pop HVAC service companies in the US. There is a big opportunity to acquire them. This is trading at 10 or 11 times EBITDA, and they can make acquisitions at 4 or 5 times EBITDA. Then they just rinse and repeat. Millennial’s are going to need a lot of houses. Dividend yield of 4.8%. (Analysts’ price target is $24.00)

EnerCare Inc (ECI-T)
November 27, 2017

He likes the cash flow they get from the hot water business to get into smart meters and HVAC service sales and rental in North America. The average age of the air-conditioner in the US is 10 years old, and there are some new standards that are coming in. Meanwhile there are about 50,000 mom-and-pop HVAC service companies in the US. There is a big opportunity to acquire them. This is trading at 10 or 11 times EBITDA, and they can make acquisitions at 4 or 5 times EBITDA. Then they just rinse and repeat. Millennial’s are going to need a lot of houses. Dividend yield of 4.8%. (Analysts’ price target is $24.00)

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$19.690
Owned
Yes
TOP PICK
TOP PICK
November 27, 2017

Doesn’t think there has been a pullback since this company went public, and that is because the runway is so massive. 80% of all worldwide transactions are still done with cash. They acquired Visa Europe. Europe is about 79% transactions with cash. Dividend yield of 0.7%. (Analysts’ price target is $125.00)

Visa Inc. (V-N)
November 27, 2017

Doesn’t think there has been a pullback since this company went public, and that is because the runway is so massive. 80% of all worldwide transactions are still done with cash. They acquired Visa Europe. Europe is about 79% transactions with cash. Dividend yield of 0.7%. (Analysts’ price target is $125.00)

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$112.380
Owned
Yes