Latest Expert Opinions

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Opinion
Expert
DON'T BUY
DON'T BUY
June 19, 2018

Great Canadian success story, with lots of US contracts. Some near-term NAFTA risk, significant tariffs would be a vulnerability on their Canadian manufacturing facilities. More fully valued now.

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Great Canadian success story, with lots of US contracts. Some near-term NAFTA risk, significant tariffs would be a vulnerability on their Canadian manufacturing facilities. More fully valued now.

DON'T BUY
DON'T BUY
June 19, 2018

Is recent dip an opportunity to buy? They’re not in chip stocks. They’re not at cheap valuations right now. Semiconductor space is vulnerable because of its competitive, commodity-type business. Has had a fairly good run, pretty steep valuation.

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Intel (INTC-Q)
June 19, 2018

Is recent dip an opportunity to buy? They’re not in chip stocks. They’re not at cheap valuations right now. Semiconductor space is vulnerable because of its competitive, commodity-type business. Has had a fairly good run, pretty steep valuation.

PARTIAL BUY
PARTIAL BUY
June 19, 2018

Entry point now? The way to think about it is that it’s like a utility. One of their favourite technology investments. When the name is synonymous with the task, that’s a dominant position. Stock has had a great run, but it’s not expensive at 16-17x PE. They’re innovating, investing in all kinds of businesses, they have YouTube which isn’t fully monetized yet. Market pullback is a good time to look at it, but it’s also a difficult market. A great company. You could start a position now and take a very long-term view. Comfortable it’ll be higher in 5-10 years.

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Entry point now? The way to think about it is that it’s like a utility. One of their favourite technology investments. When the name is synonymous with the task, that’s a dominant position. Stock has had a great run, but it’s not expensive at 16-17x PE. They’re innovating, investing in all kinds of businesses, they have YouTube which isn’t fully monetized yet. Market pullback is a good time to look at it, but it’s also a difficult market. A great company. You could start a position now and take a very long-term view. Comfortable it’ll be higher in 5-10 years.

PARTIAL BUY
PARTIAL BUY
June 19, 2018

Entry point now? The way to think about it is that it’s like a utility. One of their favourite technology investments. When the name is synonymous with the task, that’s a dominant position. Stock has had a great run, but it’s not expensive at 16-17x PE. They’re innovating, investing in all kinds of businesses, they have YouTube which isn’t fully monetized yet. Market pullback is a good time to look at it, but it’s also a difficult market. A great company. You could start a position now and take a very long-term view. Comfortable it’ll be higher in 5-10 years.

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Entry point now? The way to think about it is that it’s like a utility. One of their favourite technology investments. When the name is synonymous with the task, that’s a dominant position. Stock has had a great run, but it’s not expensive at 16-17x PE. They’re innovating, investing in all kinds of businesses, they have YouTube which isn’t fully monetized yet. Market pullback is a good time to look at it, but it’s also a difficult market. A great company. You could start a position now and take a very long-term view. Comfortable it’ll be higher in 5-10 years.

WAIT
WAIT
June 19, 2018

Impacted by NAFTA? Diversified manufacturing base, so no big NAFTA impact. Housing market continues to look strong. Cheap stock, nice dividend, nothing bad to say. Risk is if correction in OSB prices, how will stock react in near term? If stock corrects, good time to buy. Volatile, based on underlying commodity. Well run, excellent management, lots of free cash flow. A good core holding in this industry.

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Norbord Inc (OSB-T)
June 19, 2018

Impacted by NAFTA? Diversified manufacturing base, so no big NAFTA impact. Housing market continues to look strong. Cheap stock, nice dividend, nothing bad to say. Risk is if correction in OSB prices, how will stock react in near term? If stock corrects, good time to buy. Volatile, based on underlying commodity. Well run, excellent management, lots of free cash flow. A good core holding in this industry.

COMMENT
COMMENT
June 19, 2018

Merger with Canfor? Cheap, well-run, but there’s softwood lumber deal risk. Market has already reacted to the softwood deal. They’ve heard M&A speculation, but unlikely with Canfor. Not a lot of M&A in public companies, instead, companies just buy smaller US mills. Outlook very strong, and upcoming earnings should be good, especially given strong lumber prices.

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Merger with Canfor? Cheap, well-run, but there’s softwood lumber deal risk. Market has already reacted to the softwood deal. They’ve heard M&A speculation, but unlikely with Canfor. Not a lot of M&A in public companies, instead, companies just buy smaller US mills. Outlook very strong, and upcoming earnings should be good, especially given strong lumber prices.

TOP PICK
TOP PICK
June 19, 2018

Earnings have gone up significantly, trades at less than book value, stock buybacks, increased dividend with more to come he thinks. Will continue to benefit from rising interest rates, deregulation, strong US economy and housing market. Earnings growth expectations significant over next years. Good way to play rising rates, cheapest of big US banks. Has been out of favour, but doing a good job in capital allocation and growth. (Analyst’s price target is $82.89.)

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Citigroup Inc. (C-N)
June 19, 2018

Earnings have gone up significantly, trades at less than book value, stock buybacks, increased dividend with more to come he thinks. Will continue to benefit from rising interest rates, deregulation, strong US economy and housing market. Earnings growth expectations significant over next years. Good way to play rising rates, cheapest of big US banks. Has been out of favour, but doing a good job in capital allocation and growth. (Analyst’s price target is $82.89.)