Latest Expert Opinions

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Opinion
Expert
WEAK BUY
WEAK BUY
July 12, 2018

It is not a bad alternative for individuals in their retirement years. You need to have your return expectations in check. You are getting same property NOI in the single digits. They are in the process of high grading their real estate and will be left with more core urban centers typically near transit. You can't expect more than single digit returns.

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It is not a bad alternative for individuals in their retirement years. You need to have your return expectations in check. You are getting same property NOI in the single digits. They are in the process of high grading their real estate and will be left with more core urban centers typically near transit. You can't expect more than single digit returns.

BUY
BUY
July 12, 2018

He really likes the company. He likes the management team with an unbelievable long term track record. There were concerns about fuel margins. There is store rebranding so it will be circle K all over. He really increased his position earlier in the year. He thinks you are paying a very fair price for the business and could hold it for a fair amount of time.

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He really likes the company. He likes the management team with an unbelievable long term track record. There were concerns about fuel margins. There is store rebranding so it will be circle K all over. He really increased his position earlier in the year. He thinks you are paying a very fair price for the business and could hold it for a fair amount of time.

BUY
BUY
July 12, 2018

He thinks they have an outstanding CEO. They had a tough start to the issue with well publicized issues and now they are resolved. They are getting more efficient with their capital stock. They run longer trains with shorter dwell times. He thinks they can grow the dividends. He prefers this to CNR-T because of what CNR has to invest in the next few years.

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He thinks they have an outstanding CEO. They had a tough start to the issue with well publicized issues and now they are resolved. They are getting more efficient with their capital stock. They run longer trains with shorter dwell times. He thinks they can grow the dividends. He prefers this to CNR-T because of what CNR has to invest in the next few years.

BUY
BUY
July 12, 2018

He still likes it here. It rebounded from its lows. A lot of energy companies have very high decline rates. This one has a low decline rate. This company is truly a free cash flow machine. He likes how they are de-levering. He feels more comfortable with this one vs. SU-T. He prefers the cash flow profile given capital expenditures over the next few years.

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He still likes it here. It rebounded from its lows. A lot of energy companies have very high decline rates. This one has a low decline rate. This company is truly a free cash flow machine. He likes how they are de-levering. He feels more comfortable with this one vs. SU-T. He prefers the cash flow profile given capital expenditures over the next few years.

BUY
BUY
July 12, 2018

It is a large holding in a number of his funds. It has a nice dividend and the service revenues are good. They are getting better. They have the best margins in the space and have the best opportunities for 5G because they can roll out faster. He trusts them in terms of allocating capital well. They are more profitable than their peers so they can better survive any price wars.

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It is a large holding in a number of his funds. It has a nice dividend and the service revenues are good. They are getting better. They have the best margins in the space and have the best opportunities for 5G because they can roll out faster. He trusts them in terms of allocating capital well. They are more profitable than their peers so they can better survive any price wars.

BUY
BUY
July 12, 2018

They did M&A that did not add shareholder value until now. They sold half their business to Blackstone. It will be busy for the next couple of years as they deal with stranded corporate costs. Their tax business should improve over time from the mid single digits.

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They did M&A that did not add shareholder value until now. They sold half their business to Blackstone. It will be busy for the next couple of years as they deal with stranded corporate costs. Their tax business should improve over time from the mid single digits.

PAST TOP PICK
PAST TOP PICK
July 12, 2018

(A Top Pick Sep 6/17, Up 27%) They are still making progress on a recent acquisition. It is a high quality business that can continue to invest as they are smart allocators of capital. The barriers of entry are very high.

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Praxair Inc (PX-N)
July 12, 2018

(A Top Pick Sep 6/17, Up 27%) They are still making progress on a recent acquisition. It is a high quality business that can continue to invest as they are smart allocators of capital. The barriers of entry are very high.