Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
May 3, 2018

Has a strong quarter. 28% earnings growth. 62% payout ratio. It is trading at a high value. He likes it. Balance sheet is OK. Not cheap.

Has a strong quarter. 28% earnings growth. 62% payout ratio. It is trading at a high value. He likes it. Balance sheet is OK. Not cheap.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$31.390
Owned
Yes
BUY
BUY
May 3, 2018

The story is turning around here. He is modeling 55% cash flow growth 2018 to 2019. Trades at 5 times 2019 cash flow which is reasonable. The problem here is their balance sheet is 3.5 times debt to cash flow. This will come down if oil prices stay at these levels. A name you can own if you like oil.

The story is turning around here. He is modeling 55% cash flow growth 2018 to 2019. Trades at 5 times 2019 cash flow which is reasonable. The problem here is their balance sheet is 3.5 times debt to cash flow. This will come down if oil prices stay at these levels. A name you can own if you like oil.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$12.990
Owned
No
BUY
BUY
May 3, 2018

They missed earnings just yesterday. Box office is still 70% of their revenues. Trading at 23 times 2018 the stick is still not cheap. They are growing the other businesses. The film slate will probably come back. The balance sheet is stable. Paying a 6% dividend.

They missed earnings just yesterday. Box office is still 70% of their revenues. Trading at 23 times 2018 the stick is still not cheap. They are growing the other businesses. The film slate will probably come back. The balance sheet is stable. Paying a 6% dividend.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$28.170
Owned
No
HOLD
HOLD
May 3, 2018

Can I hold this for the next several years and forget it? Yes. Banks in general are cheap. Cheaper certainly than they were a year ago with better growth. Growth in their model is 5% here. Good capital ratio. If you are putting new money, he would look at other banks as this one is trading at a premium compared to peers.

Royal Bank (RY-T)
May 3, 2018

Can I hold this for the next several years and forget it? Yes. Banks in general are cheap. Cheaper certainly than they were a year ago with better growth. Growth in their model is 5% here. Good capital ratio. If you are putting new money, he would look at other banks as this one is trading at a premium compared to peers.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$97.660
Owned
No
COMMENT
COMMENT
May 3, 2018

The story is really improving with higher oil prices. Balance sheet looks better now. Valuation is in line with peers. A small cap with a dividend that looks OK. Other companies offer better opportunities, but a story that has improved.

The story is really improving with higher oil prices. Balance sheet looks better now. Valuation is in line with peers. A small cap with a dividend that looks OK. Other companies offer better opportunities, but a story that has improved.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$2.310
Owned
No
BUY
BUY
May 3, 2018

Relatively cheap compared to its peers. Cost increases. He is modeling 9% earnings growth. You can write a put. The trend is good over a couple of years.

Relatively cheap compared to its peers. Cost increases. He is modeling 9% earnings growth. You can write a put. The trend is good over a couple of years.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$98.450
Owned
No
TOP PICK
TOP PICK
May 3, 2018

He thinks banks look cheap as a group. TD looks good compared to its peers with its more US focus. Very good balance sheet. Yield 3.7%. Nice growth. (Analysts’ price target is $81.84)

He thinks banks look cheap as a group. TD looks good compared to its peers with its more US focus. Very good balance sheet. Yield 3.7%. Nice growth. (Analysts’ price target is $81.84)

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$72.640
Owned
Yes