Latest Expert Opinions

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COMMENT
January 31, 2018

A payroll processing company. They typically focus on the smaller portions of the economy, small/medium size companies. This is a good Buy for a long-term hold. People who have owned this for a long period of time have done very well. Has a very strong balance sheet. Because companies have to pay employees in advance, they carry a float, and that float will earn increasingly higher returns with higher interest rates. It raises its dividend's very consistently. At this point, it is a little rich.

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Paychex (PAYX-Q)
January 31, 2018

A payroll processing company. They typically focus on the smaller portions of the economy, small/medium size companies. This is a good Buy for a long-term hold. People who have owned this for a long period of time have done very well. Has a very strong balance sheet. Because companies have to pay employees in advance, they carry a float, and that float will earn increasingly higher returns with higher interest rates. It raises its dividend's very consistently. At this point, it is a little rich.

HOLD
HOLD
January 31, 2018

Historically, this has been a very well-run company. They made a couple of acquisitions and got a little ahead of themselves on the balance sheet. They need to pay down a little bit of debt. Longer-term, shareholders have been rewarded well. What is required is another acquisition, but we are probably not going to see one for 6-12 months. If you don't own this, he feels the entries quite good.

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Newell Brands Inc (NWL-N)
January 31, 2018

Historically, this has been a very well-run company. They made a couple of acquisitions and got a little ahead of themselves on the balance sheet. They need to pay down a little bit of debt. Longer-term, shareholders have been rewarded well. What is required is another acquisition, but we are probably not going to see one for 6-12 months. If you don't own this, he feels the entries quite good.

TOP PICK
TOP PICK
January 31, 2018

Industrial gases. Effectively there are 4 big companies, soon to be 3. This company purchased Air Gas last year, and the stock rolled over on investors concerns, and then promptly recovered. They have a number of projects that are going to come on this year. They have a very good track record of increasing their dividend. Dividend yield of 2.2%. (Analysts' price target is $109.31.)

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Industrial gases. Effectively there are 4 big companies, soon to be 3. This company purchased Air Gas last year, and the stock rolled over on investors concerns, and then promptly recovered. They have a number of projects that are going to come on this year. They have a very good track record of increasing their dividend. Dividend yield of 2.2%. (Analysts' price target is $109.31.)

TOP PICK
TOP PICK
January 31, 2018

He likes the US business and thinks there is some upside there. The wealth management business is great. Higher interest rates will benefit their US business. Dividend yield of 3.2%. (Analysts' price target is $79.10.)

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Toronto Dominion (TD-T)
January 31, 2018

He likes the US business and thinks there is some upside there. The wealth management business is great. Higher interest rates will benefit their US business. Dividend yield of 3.2%. (Analysts' price target is $79.10.)

TOP PICK
TOP PICK
January 31, 2018

A testing company, testing food, chemicals and oil that comes out of the ground. Has a great track record of growing its dividend, something like 18% annualized over 15 years. They had a rough patch in 2013, 2014 and 2016 in line with the decline in mineral and oil prices. There is a better outlook for both those markets and the stock should move higher. Dividend yield of 3%. (Analysts' price target is 2,460.53 CGF.)

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SGS SA (SGSN-VX)
January 31, 2018

A testing company, testing food, chemicals and oil that comes out of the ground. Has a great track record of growing its dividend, something like 18% annualized over 15 years. They had a rough patch in 2013, 2014 and 2016 in line with the decline in mineral and oil prices. There is a better outlook for both those markets and the stock should move higher. Dividend yield of 3%. (Analysts' price target is 2,460.53 CGF.)

BUY
BUY
January 31, 2018

Announced a forthcoming $400 million write down on the US side of their assets. Some US banks took big write-downs because of the way they are being taxed. The US banks are the sector that benefits the most from tax cuts. They pay a lot of tax and their tax rates are going to go down a lot. In order to take advantage, there is some short-term house cleaning they have to do. The market realizes these are a one-time item so US banks literally have no impact from write-downs. Expects it will be the same for this bank. Going forward, there could be a pretty good surprise, as far as the impact on the tax changes for this bank. He would buy the stock here.

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Toronto Dominion (TD-T)
January 31, 2018

Announced a forthcoming $400 million write down on the US side of their assets. Some US banks took big write-downs because of the way they are being taxed. The US banks are the sector that benefits the most from tax cuts. They pay a lot of tax and their tax rates are going to go down a lot. In order to take advantage, there is some short-term house cleaning they have to do. The market realizes these are a one-time item so US banks literally have no impact from write-downs. Expects it will be the same for this bank. Going forward, there could be a pretty good surprise, as far as the impact on the tax changes for this bank. He would buy the stock here.

PARTIAL SELL
PARTIAL SELL
January 31, 2018

This has been a great stock. You are buying a lot of long life assets with this stock. They are things that benefit when interest rates are falling. While this company has wonderful assets and it is a great business, you might consider peeling some off, and owning something that is more tied to reflation of assets, shorter duration assets.

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This has been a great stock. You are buying a lot of long life assets with this stock. They are things that benefit when interest rates are falling. While this company has wonderful assets and it is a great business, you might consider peeling some off, and owning something that is more tied to reflation of assets, shorter duration assets.