Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
July 31, 2018

Solid management. But it’s in retail, which is not doing well. Transitioned out of US. Sears and Target receiverships. Nothing wrong with it. Neutral on it. Doesn’t like the retail sector, with the Amazon effect. Doesn’t foresee anything that will transform it. (Analysts’ price target is $27.00.)

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Solid management. But it’s in retail, which is not doing well. Transitioned out of US. Sears and Target receiverships. Nothing wrong with it. Neutral on it. Doesn’t like the retail sector, with the Amazon effect. Doesn’t foresee anything that will transform it. (Analysts’ price target is $27.00.)

PAST TOP PICK
PAST TOP PICK
July 31, 2018

(A Top Pick August 3/2017, Up 12%) Still trading at a discount. If I can get 12% out of a bond, why would I buy equity? Less risky to own the bond than the stock. Buying the stock would need the price of oil to go up, guaranteed.

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(A Top Pick August 3/2017, Up 12%) Still trading at a discount. If I can get 12% out of a bond, why would I buy equity? Less risky to own the bond than the stock. Buying the stock would need the price of oil to go up, guaranteed.

PAST TOP PICK
PAST TOP PICK
July 31, 2018

(A Top Pick August 3/2017, Up 4%) A cult stock. Not that liquid. Great company, along with the Brick. A tough business, but they are the best. Own a ton of real estate under the business, which they will eventually do something with. Hard to buy furniture online, so they have some protection. Earnings next week, he’s assuming decent numbers.

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(A Top Pick August 3/2017, Up 4%) A cult stock. Not that liquid. Great company, along with the Brick. A tough business, but they are the best. Own a ton of real estate under the business, which they will eventually do something with. Hard to buy furniture online, so they have some protection. Earnings next week, he’s assuming decent numbers.

PAST TOP PICK
PAST TOP PICK
July 31, 2018

(A Top Pick August 3/2017, Up 8%) Recently exited and bought JNJ instead. Hurt by own success with drugs that cure. Great for society, but not great for the equity. Waiting for transitional acquisition that’s not coming.

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(A Top Pick August 3/2017, Up 8%) Recently exited and bought JNJ instead. Hurt by own success with drugs that cure. Great for society, but not great for the equity. Waiting for transitional acquisition that’s not coming.

DON'T BUY
DON'T BUY
July 31, 2018

Has done fantastically, owning apartment buildings mainly in Ontario. Largest landlord in Toronto region, and benefiting from high rents. Biggest issue is that it’s very expensive, trading about 28x AFFO, compared to most REITs at 16-18x. Large cap spend on older units, but they’re developing so there’s growth. Question as to what new Ontario government will do with rent control.

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Has done fantastically, owning apartment buildings mainly in Ontario. Largest landlord in Toronto region, and benefiting from high rents. Biggest issue is that it’s very expensive, trading about 28x AFFO, compared to most REITs at 16-18x. Large cap spend on older units, but they’re developing so there’s growth. Question as to what new Ontario government will do with rent control.

BUY
BUY
July 31, 2018

Likes it. Core position. Free cash flow yield is about 8%, whereas Telus and Rogers are around 5-6%. Has room to increase dividend. Bell spending millions to get fibre to the home. This is a transitional move that will get market share from the cable companies. Good balance sheet, great management. Trades at lower end of EV to EBITDA. Has underperformed other Telco’s for last 6 months. Best growth profile and best dividend profile.

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BCE Inc. (BCE-T)
July 31, 2018

Likes it. Core position. Free cash flow yield is about 8%, whereas Telus and Rogers are around 5-6%. Has room to increase dividend. Bell spending millions to get fibre to the home. This is a transitional move that will get market share from the cable companies. Good balance sheet, great management. Trades at lower end of EV to EBITDA. Has underperformed other Telco’s for last 6 months. Best growth profile and best dividend profile.

HOLD
HOLD
July 31, 2018

Not a sell, though he owns the bonds. A retail story, but more defensive with liquor, drug, and grocery stores. Higher rates, and did a questionable issuance. Into new green development. Likes the company and its assets. But not the time to own it.

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Not a sell, though he owns the bonds. A retail story, but more defensive with liquor, drug, and grocery stores. Higher rates, and did a questionable issuance. Into new green development. Likes the company and its assets. But not the time to own it.