Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
April 12, 2018

Financials is the largest weighting of their equity portfolios. Like all the US financial names. A fine name. Rates moving higher and asset prices moving higher are going to benefit a name like this. A good name to own. Big winner going forward. Trading at 1.4 book value which is not bad. (Analysts’ price target is $60)

Morgan Stanley (MS-N)
April 12, 2018

Financials is the largest weighting of their equity portfolios. Like all the US financial names. A fine name. Rates moving higher and asset prices moving higher are going to benefit a name like this. A good name to own. Big winner going forward. Trading at 1.4 book value which is not bad. (Analysts’ price target is $60)

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$53.850
Owned
No
COMMENT
COMMENT
April 12, 2018

Used to own it. Trading at just under 11 times Enterprise value over EBITDA which is more or less the 10-years average. He feels neutral on this stock. Long term is probably going to be OK. The fact that is trading below the 200-day moving average stops them from buying it.

Walt Disney (DIS-N)
April 12, 2018

Used to own it. Trading at just under 11 times Enterprise value over EBITDA which is more or less the 10-years average. He feels neutral on this stock. Long term is probably going to be OK. The fact that is trading below the 200-day moving average stops them from buying it.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$100.390
Owned
No
DON'T BUY
DON'T BUY
April 12, 2018

Used to own it. He stays away from the larger integrated oil companies. He prefers the refineries in the energy space. Long term is probably going to be OK. The fact that is trading below the 200-day moving average stops them from buying it. The advance in technology in taking oil out of the ground might affect the price of oil. Not really excited about the name.

Exxon Mobil (XOM-N)
April 12, 2018

Used to own it. He stays away from the larger integrated oil companies. He prefers the refineries in the energy space. Long term is probably going to be OK. The fact that is trading below the 200-day moving average stops them from buying it. The advance in technology in taking oil out of the ground might affect the price of oil. Not really excited about the name.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$77.220
Owned
No
HOLD
HOLD
April 12, 2018

He owns it. Given what is happening with the franchisees and with minimum wages you want to be patient with this name. Longer term is a great franchise. Valuation is pretty decent trading 21 times earnings with a 15% expected growth rate. Good brands underneath the umbrella (Tim’s, Burger King, etc.). In the meantime, you get a 3.3% dividend yield which is not bad given where rates are in Canada.

He owns it. Given what is happening with the franchisees and with minimum wages you want to be patient with this name. Longer term is a great franchise. Valuation is pretty decent trading 21 times earnings with a 15% expected growth rate. Good brands underneath the umbrella (Tim’s, Burger King, etc.). In the meantime, you get a 3.3% dividend yield which is not bad given where rates are in Canada.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$70.690
Owned
Yes
HOLD
HOLD
April 12, 2018

He owns it. Shares are decently valued now trading at 10.5 times enterprise value over EBITDA. Down from 18 times in 2015. Dividend yield is 5.4%. Strong movie slate this year. The premium movie platform is working for them Strong management.

Cineplex Inc (CGX-T)
April 12, 2018

He owns it. Shares are decently valued now trading at 10.5 times enterprise value over EBITDA. Down from 18 times in 2015. Dividend yield is 5.4%. Strong movie slate this year. The premium movie platform is working for them Strong management.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$30.810
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 12, 2018

(A Top Pick April 6/17 - Up 20.4%) Still like it. Trading at one times book value. One pf the cheapest in the group. Lighter regulatory environment will benefit them. They have a strong global presence (50% of their revenues).

CitiGroup (C-N)
April 12, 2018

(A Top Pick April 6/17 - Up 20.4%) Still like it. Trading at one times book value. One pf the cheapest in the group. Lighter regulatory environment will benefit them. They have a strong global presence (50% of their revenues).

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$72.130
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 12, 2018

(A Top Pick April 6/17 - Up 36%.) Still like it. Trading at 26 times forward earnings with 17% growth rate. You pay a little bit of a premium, but they dominate the payment space. They control 50% of credit card payments and more than 50% of debit card transactions. As people move from cash to plastic they benefit.

Visa Inc. (V-N)
April 12, 2018

(A Top Pick April 6/17 - Up 36%.) Still like it. Trading at 26 times forward earnings with 17% growth rate. You pay a little bit of a premium, but they dominate the payment space. They control 50% of credit card payments and more than 50% of debit card transactions. As people move from cash to plastic they benefit.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$121.070
Owned
Yes