Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
February 13, 2018

She likes this stock. Half its revenues are from IT outsourcing, which yields a long-term recurring revenue stream. The other half is from consulting. The company typically does a large acquisition every few years. They are very disciplined about how much they pay and they have not made a large acquisition since 2012. They are growing organically in the US in federal markets.

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CGI Group (A) (GIB.A-T)
February 13, 2018

She likes this stock. Half its revenues are from IT outsourcing, which yields a long-term recurring revenue stream. The other half is from consulting. The company typically does a large acquisition every few years. They are very disciplined about how much they pay and they have not made a large acquisition since 2012. They are growing organically in the US in federal markets.

COMMENT
COMMENT
February 13, 2018

Has owned this stock for a number of years. 75% of its revenues are box-office related and traffic has declined. They are diversifying with a restaurant chain and TopGolf. Their goal will be much less reliance on the box office, over the next 5 years. Decrease in traffic is reflected in share price, dividend yield is over 4%. They will report on Feb 22. She thinks the movie lineup over the next 6 months looks good, which can help traffic improve.

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Cineplex Inc (CGX-T)
February 13, 2018

Has owned this stock for a number of years. 75% of its revenues are box-office related and traffic has declined. They are diversifying with a restaurant chain and TopGolf. Their goal will be much less reliance on the box office, over the next 5 years. Decrease in traffic is reflected in share price, dividend yield is over 4%. They will report on Feb 22. She thinks the movie lineup over the next 6 months looks good, which can help traffic improve.

BUY
BUY
February 13, 2018

This is the insurance company they own in their portfolios. The company has pulled back below $25. You can start building a position here. She likes their 30% exposure in Asia, which provides higher growth. It has legacy problems in the US, such as John Hancock. They can’t just sell these, and they weigh on valuation. It will take a while to work through these issues, but she likes their asset management, their wealth management business and their core insurance business.

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Manulife Financial (MFC-T)
February 13, 2018

This is the insurance company they own in their portfolios. The company has pulled back below $25. You can start building a position here. She likes their 30% exposure in Asia, which provides higher growth. It has legacy problems in the US, such as John Hancock. They can’t just sell these, and they weigh on valuation. It will take a while to work through these issues, but she likes their asset management, their wealth management business and their core insurance business.

BUY
BUY
February 13, 2018

She owns Brookfield Asset Management, which is the parent. This gives her exposure to the success of BRE and to the broader set of assets held by the parent. BRE invest in property management across the globe, owns commercial malls and retail malls. It is diversified geographically. They have a very long-term perspective, buy assets that are distressed and repurposes them, such as repurposing failing retail malls into condos.

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She owns Brookfield Asset Management, which is the parent. This gives her exposure to the success of BRE and to the broader set of assets held by the parent. BRE invest in property management across the globe, owns commercial malls and retail malls. It is diversified geographically. They have a very long-term perspective, buy assets that are distressed and repurposes them, such as repurposing failing retail malls into condos.

BUY
BUY
February 13, 2018

Added shares during the pullback as it dropped below 1100. Google still has a long way to run and the parent company has growth potential in many new areas. Grows its top line over 20% annually. Regulatory scrutiny, such as antitrust scrutiny, is the biggest risk for the company.

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Added shares during the pullback as it dropped below 1100. Google still has a long way to run and the parent company has growth potential in many new areas. Grows its top line over 20% annually. Regulatory scrutiny, such as antitrust scrutiny, is the biggest risk for the company.

BUY
BUY
February 13, 2018

This is one of two pipeline companies she owns. She liked the Spectra acquisition because it diversifies them out of liquids into natural gas and increased their exposure to the US. They are now half natural gas. They increased their debt but sold off assets and equity to limit their level of debt. The pullback in their price was to be expected as interest rates rose. This is normal for this sector. However, she considers the ENB pullback overdone. ENB is waiting for approval for its Line 3 project, to double the capacity of its pipe. They expect approval in the spring. The dividend is high at this level, about 6%. She considers the dividend safe, taking about 65% of cash available from operations. The company has announced that it plans to increase the dividend every year into 2020.

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Enbridge (ENB-T)
February 13, 2018

This is one of two pipeline companies she owns. She liked the Spectra acquisition because it diversifies them out of liquids into natural gas and increased their exposure to the US. They are now half natural gas. They increased their debt but sold off assets and equity to limit their level of debt. The pullback in their price was to be expected as interest rates rose. This is normal for this sector. However, she considers the ENB pullback overdone. ENB is waiting for approval for its Line 3 project, to double the capacity of its pipe. They expect approval in the spring. The dividend is high at this level, about 6%. She considers the dividend safe, taking about 65% of cash available from operations. The company has announced that it plans to increase the dividend every year into 2020.

BUY
BUY
February 13, 2018

The company will grow with its launch of ESPN to the consumer and then Disney to the consumer. At the end of 2018, they will not stream through Netflix and will instead stream their content directly to the consumer. If the acquisition of FOX goes through, this will also increase the content they have available to stream. Their parks are doing well, Shanghai is doing very well. Traffic is good and their are raising prices. Their movie studio is also doing well, which drives the success of their retail products. The stock valuation is trading only at 13 or 14x forward earnings, and the tax package will increase their free cash, which they can use to improve their parks.

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Walt Disney (DIS-N)
February 13, 2018

The company will grow with its launch of ESPN to the consumer and then Disney to the consumer. At the end of 2018, they will not stream through Netflix and will instead stream their content directly to the consumer. If the acquisition of FOX goes through, this will also increase the content they have available to stream. Their parks are doing well, Shanghai is doing very well. Traffic is good and their are raising prices. Their movie studio is also doing well, which drives the success of their retail products. The stock valuation is trading only at 13 or 14x forward earnings, and the tax package will increase their free cash, which they can use to improve their parks.