Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
February 13, 2018

This company does private equity and is similar to Brookfield Asset Management, which is what she owns in Canada. They are the leader in their space. They are raising cash for new funds, which is usually a good time to get into a stock like this. She is considering buying but has not yet decided whether to buy it.

Blackstone Group LP (BX-N)
February 13, 2018

This company does private equity and is similar to Brookfield Asset Management, which is what she owns in Canada. They are the leader in their space. They are raising cash for new funds, which is usually a good time to get into a stock like this. She is considering buying but has not yet decided whether to buy it.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$33.550
Owned
No
PAST TOP PICK
PAST TOP PICK
February 13, 2018

(A Top Pick February 17, 2017. Down 2.63%). It pays an attractive yield, over 4%. Pulled back because of rising bond yields. She still likes it and still owns it as an income stock. It offers a stable cash flow. They are growing in Canada and the US and expect to increase their dividend 6% every year into 2021.

Fortis Inc. (FTS-T)
February 13, 2018

(A Top Pick February 17, 2017. Down 2.63%). It pays an attractive yield, over 4%. Pulled back because of rising bond yields. She still likes it and still owns it as an income stock. It offers a stable cash flow. They are growing in Canada and the US and expect to increase their dividend 6% every year into 2021.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$40.710
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 13, 2018

(A Top Pick February 17, 2017. Up 11.49%). Still likes it and added to her portfolio as it pulled back last week. Their pharma business is doing quite well. This is their highest-margin business. They invest about 13% of revenues into R&D, which supports a strong pipeline. They will use some of their strong cash flow to pay down debt. Their dividend, 2%, has grown every year for 55 years.

Johnson & Johnson (JNJ-N)
February 13, 2018

(A Top Pick February 17, 2017. Up 11.49%). Still likes it and added to her portfolio as it pulled back last week. Their pharma business is doing quite well. This is their highest-margin business. They invest about 13% of revenues into R&D, which supports a strong pipeline. They will use some of their strong cash flow to pay down debt. Their dividend, 2%, has grown every year for 55 years.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$129.960
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 13, 2018

(A Top Pick February 17, 2017. Up 52.65%). This is a pure play on water, which she sees as a scarce resource. It treats and transports water. 70% of the world is water, but only 1% is drinkable. 21% of revenues is in emerging markets, which is a high-growth area for clean water. In the US, there is pent-up demand for upgrading water infrastructure, which XYL can provide. Still holds the stock for clients but waiting for a pullback before buying more.

Xylem Inc. (XYL-N)
February 13, 2018

(A Top Pick February 17, 2017. Up 52.65%). This is a pure play on water, which she sees as a scarce resource. It treats and transports water. 70% of the world is water, but only 1% is drinkable. 21% of revenues is in emerging markets, which is a high-growth area for clean water. In the US, there is pent-up demand for upgrading water infrastructure, which XYL can provide. Still holds the stock for clients but waiting for a pullback before buying more.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$72.770
Owned
Yes
DON'T BUY
DON'T BUY
February 13, 2018

Decided last month to sell their position. One of her concerns is the cost of the new propane and polypropylene facility they are building. She estimates that they have only about 55% of capacity contracted and would have preferred 70% before they go ahead. This increases the future risk profile. The dividend is probably sustainable for now, the yield is attractive, but the future yield might have to come down.

Inter Pipeline (IPL-T)
February 13, 2018

Decided last month to sell their position. One of her concerns is the cost of the new propane and polypropylene facility they are building. She estimates that they have only about 55% of capacity contracted and would have preferred 70% before they go ahead. This increases the future risk profile. The dividend is probably sustainable for now, the yield is attractive, but the future yield might have to come down.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$22.580
Owned
No
COMMENT
COMMENT
February 13, 2018

She holds Power Financial, which is part of the same family. She thinks the dividend, around 4%, is very safe. Looking at the underlying businesses, Great West Life has performed well but Investors’ Group is going through a change with move to ETFs. POW is working through this. It generally trades at a discount to the net asset value of its underlying companies. The discount is now around 19% compared to a typical level of 10%. This indicates that the market would rather own the underlying companies directly rather than through a large conglomerate.

Power Corp (POW-T)
February 13, 2018

She holds Power Financial, which is part of the same family. She thinks the dividend, around 4%, is very safe. Looking at the underlying businesses, Great West Life has performed well but Investors’ Group is going through a change with move to ETFs. POW is working through this. It generally trades at a discount to the net asset value of its underlying companies. The discount is now around 19% compared to a typical level of 10%. This indicates that the market would rather own the underlying companies directly rather than through a large conglomerate.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$29.830
Owned
No
COMMENT
COMMENT
February 13, 2018

The Price to Earnings multiple at this time is about 14.5x, which is in-line with its historical average. So even though the index has run up a great deal since 2009, it is not expensive compared to historical levels. It will probably lag the U.S. market, because of the instability of the energy sector.

S&P/TSX Composite (TSX-I)
February 13, 2018

The Price to Earnings multiple at this time is about 14.5x, which is in-line with its historical average. So even though the index has run up a great deal since 2009, it is not expensive compared to historical levels. It will probably lag the U.S. market, because of the instability of the energy sector.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$15216.470
Owned
Unknown