Latest Expert Opinions

Signal
Opinion
Expert
PARTIAL SELL
PARTIAL SELL
June 19, 2018

Good time to take profits? Cautious, because has significantly outperformed Martinrea and Linamar, based on its forays into autonomous vehicles, joint Chinese ventures, and partnership with Lyft. All these are potential financial positives in years down the road. Not expensive, but there is a risk from NAFTA, so yes, take some profits.

Magna Int'l. (A)(MG-T)
June 19, 2018

Good time to take profits? Cautious, because has significantly outperformed Martinrea and Linamar, based on its forays into autonomous vehicles, joint Chinese ventures, and partnership with Lyft. All these are potential financial positives in years down the road. Not expensive, but there is a risk from NAFTA, so yes, take some profits.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$84.250
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
June 19, 2018

(A Top Pick May 29/2017, Up 10%)  Still likes it, though it’s underperformed YTD.  On the narrower spreads, bit of a misplaced concern, since banks are still able to lend at more attractive rates. The banks are benefiting from a strong global economy, financial deregulation. Don’t think yield will completely flatten. Rising rates and strong US housing starts will benefit US banks in general.

CitiGroup(C-N)
June 19, 2018

(A Top Pick May 29/2017, Up 10%)  Still likes it, though it’s underperformed YTD.  On the narrower spreads, bit of a misplaced concern, since banks are still able to lend at more attractive rates. The banks are benefiting from a strong global economy, financial deregulation. Don’t think yield will completely flatten. Rising rates and strong US housing starts will benefit US banks in general.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$66.780
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 19, 2018

(A Top Pick May 29/2017, Down 17%) Own geothermal facility in Nicaragua. Steady cash flow, nice dividend. Had been performing well until recently, with civil unrest in Nicaragua, which they think will resolve, but this is one of the risks of investing in another jurisdiction. One positive is that this asset is a stable business and is pretty important to the country. Pullback could even be a buying opportunity.

(A Top Pick May 29/2017, Down 17%) Own geothermal facility in Nicaragua. Steady cash flow, nice dividend. Had been performing well until recently, with civil unrest in Nicaragua, which they think will resolve, but this is one of the risks of investing in another jurisdiction. One positive is that this asset is a stable business and is pretty important to the country. Pullback could even be a buying opportunity.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$13.030
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 19, 2018

(A Top Pick May 29/2017, Down 3%) Exited a few months back. Healthy business, but asset purchase 9 months ago, US single family housing portfolio. One risk is that it's valued on a cap rate basis, so rising interest rates will hurt the perceived value of the assets. Well-run business. If it pulled back, they'd consider re-entering it.

(A Top Pick May 29/2017, Down 3%) Exited a few months back. Healthy business, but asset purchase 9 months ago, US single family housing portfolio. One risk is that it's valued on a cap rate basis, so rising interest rates will hurt the perceived value of the assets. Well-run business. If it pulled back, they'd consider re-entering it.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$10.560
Owned
No
COMMENT
COMMENT
June 19, 2018

Can you explain the price of Enbridge buying ENF? Can retail investors try for a better deal? Premium is not large, but company is extolling virtues of accretion, and ENB pays an attractive dividend. If institutions are on board, hard for retail investors to get their say in. When companies consolidate, there are usually some savings.

Can you explain the price of Enbridge buying ENF? Can retail investors try for a better deal? Premium is not large, but company is extolling virtues of accretion, and ENB pays an attractive dividend. If institutions are on board, hard for retail investors to get their say in. When companies consolidate, there are usually some savings.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$29.290
Owned
No
WATCH
WATCH
June 19, 2018

Maybe this is finally the bottom. They’ve been watching it, because they’re value investors. Haven’t taken a position yet because lots of debt on balance sheet, lowered earnings guidance, trying to decide which assets to sell. Getting booted out of the Dow could cause selling pressure.

General Electric(GE-N)
June 19, 2018

Maybe this is finally the bottom. They’ve been watching it, because they’re value investors. Haven’t taken a position yet because lots of debt on balance sheet, lowered earnings guidance, trying to decide which assets to sell. Getting booted out of the Dow could cause selling pressure.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$12.950
Owned
No
COMMENT
COMMENT
June 19, 2018

Get in now for a dividend investor? Can’t go too far wrong with Royal Bank. They favour US banks right now, not Canadian. US economy and housing doing better, whereas Canada has housing mortgage risks. Long-term steady dividend payer, as long as you take a long-term view, a good core name to own. May want to mix in some blue-chip US banks like JP Morgan or Citigroup.

Royal Bank(RY-T)
June 19, 2018

Get in now for a dividend investor? Can’t go too far wrong with Royal Bank. They favour US banks right now, not Canadian. US economy and housing doing better, whereas Canada has housing mortgage risks. Long-term steady dividend payer, as long as you take a long-term view, a good core name to own. May want to mix in some blue-chip US banks like JP Morgan or Citigroup.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$99.970
Owned
No