Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
March 20, 2018

(A Top Pick December 27, 2017. Down 2.09%). It’s currently in a bit of a limbo period, waiting for regulatory approval of a large acquisition (they bought The Linde Group, which is a peer of Praxair) to close. Praxair is a very good operator but the industrial gases business raises monopoly concerns, so the regulator will have make decisions about which businesses Praxair will have to divest. He expects the business to do well after the regulatory decisions are made. [Note: There was no table for this stock at the end of the end of the segment to show whether he owns this stock or not.)

Praxair Inc (PX-N)
March 20, 2018

(A Top Pick December 27, 2017. Down 2.09%). It’s currently in a bit of a limbo period, waiting for regulatory approval of a large acquisition (they bought The Linde Group, which is a peer of Praxair) to close. Praxair is a very good operator but the industrial gases business raises monopoly concerns, so the regulator will have make decisions about which businesses Praxair will have to divest. He expects the business to do well after the regulatory decisions are made. [Note: There was no table for this stock at the end of the end of the segment to show whether he owns this stock or not.)

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$150.220
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
March 20, 2018

(A Top Pick December 27, 2017. Down 4.49%). This is a player in restaurant equipment. They have done a great job deploying capital into complementary kitchen equipment businesses. They do a great sales job, explaining the value of new equipment for water savings, energy savings, etc. Their margins have been under pressure but he believes this will improve over the year.

Middleby Corp. (MIDD-Q)
March 20, 2018

(A Top Pick December 27, 2017. Down 4.49%). This is a player in restaurant equipment. They have done a great job deploying capital into complementary kitchen equipment businesses. They do a great sales job, explaining the value of new equipment for water savings, energy savings, etc. Their margins have been under pressure but he believes this will improve over the year.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$128.540
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 20, 2018

(A Top Pick December 27, 2017. Down 10.29%). This is a natural gas stock. There is a cloud of negative sentiment around Canadian energy. He believes that the cloud of issues that plagued Canada in 2017 are resolving themselves. He sees this as a low-cost operator and disciplined. He expects this company to do well at the end of shakeout. Tourmaline added a dividend, which shows a lot of self-confidence in the company. They have very strong management, very high insider ownership, and is committed to the shareholders.

(A Top Pick December 27, 2017. Down 10.29%). This is a natural gas stock. There is a cloud of negative sentiment around Canadian energy. He believes that the cloud of issues that plagued Canada in 2017 are resolving themselves. He sees this as a low-cost operator and disciplined. He expects this company to do well at the end of shakeout. Tourmaline added a dividend, which shows a lot of self-confidence in the company. They have very strong management, very high insider ownership, and is committed to the shareholders.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$20.610
Owned
Yes
DON'T BUY
DON'T BUY
March 20, 2018

They’re in the middle of a transition, trying to improve their use of capital and the utilization of their ships. The stock has had a great run for the past several years. He likes the metrics they are focusing on but he is not following it closely today because of its high valuation.

Carnival Corp. (CCL-N)
March 20, 2018

They’re in the middle of a transition, trying to improve their use of capital and the utilization of their ships. The stock has had a great run for the past several years. He likes the metrics they are focusing on but he is not following it closely today because of its high valuation.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$67.850
Owned
No
COMMENT
COMMENT
March 20, 2018

Buffet has put together a strong collection of consumer and industrial businesses. However, he is having difficulty in putting capital to work. He has 120 billion in cash on hand and is having trouble finding good places to put it. The company has a good succession plan and they have diversified their operations which will ease the transition to new management after Buffet is gone.

Buffet has put together a strong collection of consumer and industrial businesses. However, he is having difficulty in putting capital to work. He has 120 billion in cash on hand and is having trouble finding good places to put it. The company has a good succession plan and they have diversified their operations which will ease the transition to new management after Buffet is gone.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$204.750
Owned
Unknown
BUY
BUY
March 20, 2018

He owns both Fortis and Emera. They are attractive, stable, dividend payers with similar drivers. He slightly prefers Fortis.

Fortis Inc. (FTS-T)
March 20, 2018

He owns both Fortis and Emera. They are attractive, stable, dividend payers with similar drivers. He slightly prefers Fortis.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$43.260
Owned
Yes
DON'T BUY
DON'T BUY
March 20, 2018

He prefers US banks to Canadian banks, given where they are in the cycle. He owned this back in 2016 and it has done very well but the drivers of the growth that were expected in 2016 have now played their role. He doesn’t see a good risk-adjusted return in the near future for this stock.

Bank of America (BAC-N)
March 20, 2018

He prefers US banks to Canadian banks, given where they are in the cycle. He owned this back in 2016 and it has done very well but the drivers of the growth that were expected in 2016 have now played their role. He doesn’t see a good risk-adjusted return in the near future for this stock.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$31.980
Owned
No