Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 26, 2018

Banks in the US had good numbers but the stocks are all down. So how much of the higher interest rates are already baked into the numbers. Loan loss provisions are at low levels. People are concerned about defaults. He has not been adding banks. This one's yield is higher than most, but he is not jumping up and down to buy more and is looking to expand elsewhere.

Banks in the US had good numbers but the stocks are all down. So how much of the higher interest rates are already baked into the numbers. Loan loss provisions are at low levels. People are concerned about defaults. He has not been adding banks. This one's yield is higher than most, but he is not jumping up and down to buy more and is looking to expand elsewhere.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$111.980
Owned
Yes
DON'T BUY
DON'T BUY
April 26, 2018

It is down 20% from the top and it is attributed to interest rates. His play in this space is NPI-T. He wants the diversification outside of Canada.

Emera Inc (EMA-T)
April 26, 2018

It is down 20% from the top and it is attributed to interest rates. His play in this space is NPI-T. He wants the diversification outside of Canada.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$40.780
Owned
No
BUY
BUY
April 26, 2018

He decided to keep the name because the yield is safe and good. It is a touch business. They are doing value added food processing on many types of fish. Margins have been squeezed. He thinks this might be coming to an end. The shrimp farm in Asia looks like it is fixed. The company has value at some point. It is the kind of name that private equity tends to gravitate to. He thinks it should be trading higher, but it is not a momentum name.

He decided to keep the name because the yield is safe and good. It is a touch business. They are doing value added food processing on many types of fish. Margins have been squeezed. He thinks this might be coming to an end. The shrimp farm in Asia looks like it is fixed. The company has value at some point. It is the kind of name that private equity tends to gravitate to. He thinks it should be trading higher, but it is not a momentum name.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$11.100
Owned
Yes
COMMENT
COMMENT
April 26, 2018

This does not have great leverage to the oil price. This is a classic, well run, good operators company. It is not going to give you the big play to oil. They run the company as a shareholder friendly company, however.

This does not have great leverage to the oil price. This is a classic, well run, good operators company. It is not going to give you the big play to oil. They run the company as a shareholder friendly company, however.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$44.970
Owned
Unknown
BUY
BUY
April 26, 2018

Metal prices are up but mining stocks are not tracking that. There is a disconnect that he does not get. This is a pure play and there is nothing wrong with the company. But zinc prices are coming down. This caught the market by surprise. There is not a lot of supply in zinc coming on. There are not a lot of mines under construction right now. He does not think zinc is going to collapse. He thinks it is a great name.

Metal prices are up but mining stocks are not tracking that. There is a disconnect that he does not get. This is a pure play and there is nothing wrong with the company. But zinc prices are coming down. This caught the market by surprise. There is not a lot of supply in zinc coming on. There are not a lot of mines under construction right now. He does not think zinc is going to collapse. He thinks it is a great name.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$1.190
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
April 26, 2018

(A Top Pick Mar 20/17, Flat after including the dividend) He equates the dip due to interest rates rather than the company. It is a good name and he has a nice steady dividend from it. The business is not going away any time soon.

BCE Inc. (BCE-T)
April 26, 2018

(A Top Pick Mar 20/17, Flat after including the dividend) He equates the dip due to interest rates rather than the company. It is a good name and he has a nice steady dividend from it. The business is not going away any time soon.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$54.660
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 26, 2018

(A Top Pick Mar 20/17, Up 15%) He would not buy it today but it is a great investment to hold. His favourite bank.

Toronto Dominion (TD-T)
April 26, 2018

(A Top Pick Mar 20/17, Up 15%) He would not buy it today but it is a great investment to hold. His favourite bank.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$72.150
Owned
Yes