Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
September 11, 2018

They are well positioned, owning pipelines and other midstream operations. The company also made an acquisition that will provide future growth. It offers an attractive yield.

Pembina Pipeline Corp (PPL-T)
September 11, 2018

They are well positioned, owning pipelines and other midstream operations. The company also made an acquisition that will provide future growth. It offers an attractive yield.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$43.490
Owned
Yes
COMMENT
COMMENT
September 11, 2018

She owns the parent, Brookfield Asset Management, rather than this subsidiary. BPY just bought General Growth Properties, which is the second-largest mall operator/owner in the US. BAM owns about 60% of BPY. She thinks this is a good long-term play with very experienced management. The company’s investments are global, with 60% of property in the US and the rest elsewhere. The company owns a variety of types of real estate, not just malls. GGP shareholders will get a combination of cash and Brookfield stock. If enough of them sell the stock, this will depress share prices. BPY’s plan for GGP is to redevelop the malls, to introduce condo’s and apartments, movie theaters, fitness centers, and other lifestyle properties to use the space that is being freed up by the departures of some large retailers. BPY is experienced in this type of development. It pays a strong dividend, 6.3%. It is a business that is good to own for the long term. She chooses to own it via the parent company rather than directly. Yield 6.3%.

She owns the parent, Brookfield Asset Management, rather than this subsidiary. BPY just bought General Growth Properties, which is the second-largest mall operator/owner in the US. BAM owns about 60% of BPY. She thinks this is a good long-term play with very experienced management. The company’s investments are global, with 60% of property in the US and the rest elsewhere. The company owns a variety of types of real estate, not just malls. GGP shareholders will get a combination of cash and Brookfield stock. If enough of them sell the stock, this will depress share prices. BPY’s plan for GGP is to redevelop the malls, to introduce condo’s and apartments, movie theaters, fitness centers, and other lifestyle properties to use the space that is being freed up by the departures of some large retailers. BPY is experienced in this type of development. It pays a strong dividend, 6.3%. It is a business that is good to own for the long term. She chooses to own it via the parent company rather than directly. Yield 6.3%.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$26.000
Owned
No
DON'T BUY
DON'T BUY
September 11, 2018

The are focused on multi-family buildings in Western Canada (60% Alberta, 10% Saskatchewan). The stock has appreciated significantly over the past year, reflecting the improvement in the Alberta economy. They are now offering smaller move-in incentives because demand has improved. Over the long run, what will drive this stock will be the economy of Alberta, and so an investor should buy the stock (or not) based on their opinion of the Alberta economy’s future. The company is well-managed but its yield is only about 2%. She sees the stock as fully valued, with a yield that is too low for an income investor. Yield 2%.

Boardwalk REIT (BEI.UN-T)
September 11, 2018

The are focused on multi-family buildings in Western Canada (60% Alberta, 10% Saskatchewan). The stock has appreciated significantly over the past year, reflecting the improvement in the Alberta economy. They are now offering smaller move-in incentives because demand has improved. Over the long run, what will drive this stock will be the economy of Alberta, and so an investor should buy the stock (or not) based on their opinion of the Alberta economy’s future. The company is well-managed but its yield is only about 2%. She sees the stock as fully valued, with a yield that is too low for an income investor. Yield 2%.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$50.350
Owned
No
PAST TOP PICK
PAST TOP PICK
September 11, 2018

(A Top Pick September 12, 2017. Up 24%). This is a large US industrial company with 4 divisions. Pratt Whitney makes the engines for several types of aircraft. They are ramping up on a new engine and probably have the manufacturing problems behind them. They also own Otis Elevator, an Aerospace division and a division that makes climate controls. They are well-positioned for increased urbanization and for air travel. They have a recurring revenue stream from the service contract attached to their original equipment contract. Recurring revenue accounts for 40 to 45% of their overall revenue, making the business less cyclical than other industrials. They are growing through another acquisition (Rockwell Collins) and have raised their guidance in the first and second quarter. She sees this as a high-quality large-cap industrial company.

United Technologies (UTX-N)
September 11, 2018

(A Top Pick September 12, 2017. Up 24%). This is a large US industrial company with 4 divisions. Pratt Whitney makes the engines for several types of aircraft. They are ramping up on a new engine and probably have the manufacturing problems behind them. They also own Otis Elevator, an Aerospace division and a division that makes climate controls. They are well-positioned for increased urbanization and for air travel. They have a recurring revenue stream from the service contract attached to their original equipment contract. Recurring revenue accounts for 40 to 45% of their overall revenue, making the business less cyclical than other industrials. They are growing through another acquisition (Rockwell Collins) and have raised their guidance in the first and second quarter. She sees this as a high-quality large-cap industrial company.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$133.610
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 11, 2018

(A Top Pick September 12, 2017. Up 17%). This is an alternative asset manager. Their focus is on buying hard assets including real property, infrastructure, and renewables, They also have a private equity arm. This (alternative asset management) is a growing category with a lot of interest from other groups such as pension fund managers. They raised funds recently and have a lot of liquidity to invest. Senior management also owns their equity.

(A Top Pick September 12, 2017. Up 17%). This is an alternative asset manager. Their focus is on buying hard assets including real property, infrastructure, and renewables, They also have a private equity arm. This (alternative asset management) is a growing category with a lot of interest from other groups such as pension fund managers. They raised funds recently and have a lot of liquidity to invest. Senior management also owns their equity.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$55.500
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 11, 2018

(A Top Pick September 12, 2017. Up 23%). This is now trading at record levels even though the bank itself has not done that well this year. The stock was knocked down in the summer because of sales practice issues but has fully recovered. It has led the big 6 banks this year. She likes the growth arising out of the US exposure and considers the 4% yield a good yield. The company increases earnings at the level of earnings growth. She expects 15% earnings growth this year, which suggests a likely rise of 15% in the dividend. Next year, as US growth moderates, she expects growth to slow to the single digit level. This is not the type buy in her current stock universe, but she still recommends buying it on a pullback. Yield just under 4%.

Toronto Dominion (TD-T)
September 11, 2018

(A Top Pick September 12, 2017. Up 23%). This is now trading at record levels even though the bank itself has not done that well this year. The stock was knocked down in the summer because of sales practice issues but has fully recovered. It has led the big 6 banks this year. She likes the growth arising out of the US exposure and considers the 4% yield a good yield. The company increases earnings at the level of earnings growth. She expects 15% earnings growth this year, which suggests a likely rise of 15% in the dividend. Next year, as US growth moderates, she expects growth to slow to the single digit level. This is not the type buy in her current stock universe, but she still recommends buying it on a pullback. Yield just under 4%.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$79.120
Owned
Yes
DON'T BUY
DON'T BUY
September 11, 2018

He's known them for a decade. He's not excited about the semi space NOW and this is not his favourite name here. He's slightly negative about it.

NXP Semiconductors (NXPI-Q)
September 11, 2018

He's known them for a decade. He's not excited about the semi space NOW and this is not his favourite name here. He's slightly negative about it.

Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$89.570
Owned
No