Latest Expert Opinions

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Opinion
Expert
COMMENT
COMMENT
December 20, 2017

An incredibly big global company. It's hard to see how a company like this can get the rate of return he is looking for. Over time they have sort of compounded a 4%-5% return. It’s very difficult for them to grow because they are so big. This is not inexpensive. There are more interesting things in Canada from a consistency and profitability point of view.

An incredibly big global company. It's hard to see how a company like this can get the rate of return he is looking for. Over time they have sort of compounded a 4%-5% return. It’s very difficult for them to grow because they are so big. This is not inexpensive. There are more interesting things in Canada from a consistency and profitability point of view.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$65.100
Owned
Unknown
COMMENT
COMMENT
December 20, 2017

The big global trend right now is to have synchronized global growth for the 1st time in a decade. That all looks good and this company can usually rise into that. If he had to play catch-up on being left behind in resources, he would have to own this because it is a big Canadian company going from $20 to $30. We are over halfway through the cycle when you are going to be rolling out of these things. He’s lowered his mining exposure dramatically, because he can see other things he can do with his money.

The big global trend right now is to have synchronized global growth for the 1st time in a decade. That all looks good and this company can usually rise into that. If he had to play catch-up on being left behind in resources, he would have to own this because it is a big Canadian company going from $20 to $30. We are over halfway through the cycle when you are going to be rolling out of these things. He’s lowered his mining exposure dramatically, because he can see other things he can do with his money.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$31.750
Owned
Unknown
COMMENT
COMMENT
December 20, 2017

An incredible success story. There is a rebound in the housing market in the US. This stock is now relatively expensive because it has had such a good move, but there is nothing to stop it because the housing market in the US seems like it is getting tight.

Norbord Inc (OSB-T)
December 20, 2017

An incredible success story. There is a rebound in the housing market in the US. This stock is now relatively expensive because it has had such a good move, but there is nothing to stop it because the housing market in the US seems like it is getting tight.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$43.730
Owned
Unknown
COMMENT
COMMENT
December 20, 2017

He can understand the technology and how the software is going to be rolled out and what the company is, but it is hard to pin down the profits. Even though it looks like it is rolling out, it is hard to grasp what the profitability is. When he can't figure out what it is, he stays away.

BlackBerry (BB-T)
December 20, 2017

He can understand the technology and how the software is going to be rolled out and what the company is, but it is hard to pin down the profits. Even though it looks like it is rolling out, it is hard to grasp what the profitability is. When he can't figure out what it is, he stays away.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$15.590
Owned
No
COMMENT
COMMENT
December 20, 2017

This does air shipping in Canada for Amazon. A neat little Canadian monopoly on shipping. However, it is expensive, so he is not interested.

Cargojet Inc (CJT-T)
December 20, 2017

This does air shipping in Canada for Amazon. A neat little Canadian monopoly on shipping. However, it is expensive, so he is not interested.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$57.350
Owned
No
COMMENT
COMMENT
December 20, 2017

Sold this a little over a year ago in the mid-$80 because the valuation was too high. His mandate is to double his money in 10 years, and this one starts running into the law of round numbers which is his problem with this company.

Franco-Nevada Corp. (FNV-T)
December 20, 2017

Sold this a little over a year ago in the mid-$80 because the valuation was too high. His mandate is to double his money in 10 years, and this one starts running into the law of round numbers which is his problem with this company.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$98.930
Owned
No
COMMENT
COMMENT
December 20, 2017

This started out as a gas play, but there is more oil to it. The stock market is still supporting the top companies, and this one is easily in the top 5 gas drillers in Western Canada. His problem is that he just can't get his head around gas. There is just too much of it. He would rather own the infrastructure such as pipelines.

Kelt Exploration (KEL-T)
December 20, 2017

This started out as a gas play, but there is more oil to it. The stock market is still supporting the top companies, and this one is easily in the top 5 gas drillers in Western Canada. His problem is that he just can't get his head around gas. There is just too much of it. He would rather own the infrastructure such as pipelines.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$6.920
Owned
No