Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
June 7, 2018

It's one of the best integrated oil ompanies. Great balance sheet. Always improving their cost structure. Not an expensive stock. He used to own it. Well-run. Great company. As for oil, it's stuck between $60-80, and oil dynamics are really hard to predict, especially with shale oil coming on as the price falls. In Canada, we have a huge differential because we can't get oil out without more pipelines.

It's one of the best integrated oil ompanies. Great balance sheet. Always improving their cost structure. Not an expensive stock. He used to own it. Well-run. Great company. As for oil, it's stuck between $60-80, and oil dynamics are really hard to predict, especially with shale oil coming on as the price falls. In Canada, we have a huge differential because we can't get oil out without more pipelines.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$52.520
Owned
No
DON'T BUY
DON'T BUY
June 7, 2018

He sold it too early. Pays a 6% dividend at 23x earnings. They diversified their businesses which are maturing and paying off now. But he worries about audiences changing their viewing habits, meaning watching from home or downloading for free, especially by young people. He'd rather buy this at 15x earnings. Also, not every year do you get blockbuster movies.

Cineplex Inc (CGX-T)
June 7, 2018

He sold it too early. Pays a 6% dividend at 23x earnings. They diversified their businesses which are maturing and paying off now. But he worries about audiences changing their viewing habits, meaning watching from home or downloading for free, especially by young people. He'd rather buy this at 15x earnings. Also, not every year do you get blockbuster movies.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$29.020
Owned
No
BUY
BUY
June 7, 2018

Has long owned it and still likes it. The new leadership has reinvigorated the company, like a dynamic start-up. The Cloud business has huge potential as more people use it. Huge growth coming. MSFT can offer services in the Cloud. It's not a cheap stock now, but fairly valued.

Microsoft (MSFT-Q)
June 7, 2018

Has long owned it and still likes it. The new leadership has reinvigorated the company, like a dynamic start-up. The Cloud business has huge potential as more people use it. Huge growth coming. MSFT can offer services in the Cloud. It's not a cheap stock now, but fairly valued.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$100.880
Owned
Yes
DON'T BUY
DON'T BUY
June 7, 2018

He sold his holdings. Previous management was unfocussed with its many purchases to grow the business, about 14 in one year, then they failed to integrate the back offices. New management came in promising to diversify their brands internationally and reduce their purchases. Management failed to exit a relationship with a company founder well. They bought a dealership in the U.S. which didn't make sense with no synergies. Management has become unfocussed again.

He sold his holdings. Previous management was unfocussed with its many purchases to grow the business, about 14 in one year, then they failed to integrate the back offices. New management came in promising to diversify their brands internationally and reduce their purchases. Management failed to exit a relationship with a company founder well. They bought a dealership in the U.S. which didn't make sense with no synergies. Management has become unfocussed again.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$16.020
Owned
No
BUY
BUY
June 7, 2018

Goldman Sachs is an incredible franchise, not expensive as it trades at slightly above book value and a low PE. GS stayed with fixed income whereas other investment banks cut back aggressively, because this area drained capital and reduced ROE. GS is one of the top investment banks.

Goldman Sachs (GS-N)
June 7, 2018

Goldman Sachs is an incredible franchise, not expensive as it trades at slightly above book value and a low PE. GS stayed with fixed income whereas other investment banks cut back aggressively, because this area drained capital and reduced ROE. GS is one of the top investment banks.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$233.450
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
June 7, 2018

(Past Top Pick on April 13, 2017, Down 14%) Still likes it. It's more than the Shoppers Drug Mart of the US--it's a healthcare company. Trading at 9x earnings, good free cash flow. Their Aetna deal with work out.

(Past Top Pick on April 13, 2017, Down 14%) Still likes it. It's more than the Shoppers Drug Mart of the US--it's a healthcare company. Trading at 9x earnings, good free cash flow. Their Aetna deal with work out.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$65.020
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 7, 2018

(Past Top Pick on April 13, 2017, Up 24%) The largest private equity company in the world. A catalyst are the changing tax laws in the States. They're grown aggressively. They have $100 billion of cash to buy new deals. It's a good time to exit parts of their operation. Many US pension plans hire Blackstone to handle their private equity.

(Past Top Pick on April 13, 2017, Up 24%) The largest private equity company in the world. A catalyst are the changing tax laws in the States. They're grown aggressively. They have $100 billion of cash to buy new deals. It's a good time to exit parts of their operation. Many US pension plans hire Blackstone to handle their private equity.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$32.660
Owned
Yes