Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
September 17, 2018

Insurance companies do better in a rising interest rate environment. It is one of the better stocks in terms of price momentum and it is stable. Valuation, though, is a little high for him at 19 times earnings. They are well within their payout ratio, however. There are no balance sheet concerns, but he can find better alternatives in the space, making it a hold. See his pas picks today for a better alternative.

Intact Financial (IFC-T)
September 17, 2018

Insurance companies do better in a rising interest rate environment. It is one of the better stocks in terms of price momentum and it is stable. Valuation, though, is a little high for him at 19 times earnings. They are well within their payout ratio, however. There are no balance sheet concerns, but he can find better alternatives in the space, making it a hold. See his pas picks today for a better alternative.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$106.070
Owned
No
WEAK BUY
WEAK BUY
September 17, 2018

It has had a tougher go as of late. They are the most internationally exposed bank. They have theoretically greater risk, but they have been through multiple cycles like this and have been fine. It lacks the momentum he wants. He wants the share price to stabilize. They have been cutting costs and reconciling businesses and the fruits of this will come in the near future. We need to see them beat once or twice.

Bank of Nova Scotia (BNS-T)
September 17, 2018

It has had a tougher go as of late. They are the most internationally exposed bank. They have theoretically greater risk, but they have been through multiple cycles like this and have been fine. It lacks the momentum he wants. He wants the share price to stabilize. They have been cutting costs and reconciling businesses and the fruits of this will come in the near future. We need to see them beat once or twice.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$76.100
Owned
Unknown
DON'T BUY
DON'T BUY
September 17, 2018

You have been through ups and down with this one including a name change from Valiant. It has decent price momentum. They are trying to reconcile their balance sheet. Forward numbers look a lot better than backward looking numbers. They are not cheap enough and it is still a volatile stock. They have too much debt so avoid it.

You have been through ups and down with this one including a name change from Valiant. It has decent price momentum. They are trying to reconcile their balance sheet. Forward numbers look a lot better than backward looking numbers. They are not cheap enough and it is still a volatile stock. They have too much debt so avoid it.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$22.550
Owned
Unknown
BUY
BUY
September 17, 2018

It is a long for him and a larger holding for him. It has good price momentum and good valuation. They beat on the recent quarter. It has an okay yield with a lot of room to move it.

Toromont Industries (TIH-T)
September 17, 2018

It is a long for him and a larger holding for him. It has good price momentum and good valuation. They beat on the recent quarter. It has an okay yield with a lot of room to move it.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$64.140
Owned
Yes
SHORT
SHORT
September 17, 2018

He avoids pipes and utilities in a rising interest rate environment. It is a small short position for him. The valuation is still pretty high. It has a big yield but the payout ratio is a concern.

Altagas Ltd (ALA-T)
September 17, 2018

He avoids pipes and utilities in a rising interest rate environment. It is a small short position for him. The valuation is still pretty high. It has a big yield but the payout ratio is a concern.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$22.380
Owned
Yes
WAIT
WAIT
September 17, 2018

It is a neutral. It has picked up some momentum recently. There will be some share issuance as they bring in the income fund. This will be a positive after the noise has passed.

Enbridge (ENB-T)
September 17, 2018

It is a neutral. It has picked up some momentum recently. There will be some share issuance as they bring in the income fund. This will be a positive after the noise has passed.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$44.700
Owned
Unknown
SHORT
SHORT
September 17, 2018

It is a 6% dividend and the payout is only 46% but the problem is the other metrics. Price moment has been poor and there have been some misses. It is a small short for him as a hedge against other financial positions.

Laurentian Bank (LB-T)
September 17, 2018

It is a 6% dividend and the payout is only 46% but the problem is the other metrics. Price moment has been poor and there have been some misses. It is a small short for him as a hedge against other financial positions.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$43.050
Owned
No