BUY

He runs income orientated portfolios and likes the dividend on this and sees good growth. He sees some concern post 2020 when their deal with Air Canada Jazz ends. A great cash business and they are expanding their business beyond Air Canada. A great contrarian name. Yield 6.3%.

COMMENT

An intriguing name and wishes he could talk to the CEO about how the global tariff issues are impacting their business. They are a logistics software company – he thinks the tariff issues feeds right into this company. A couple of years ago, as a contrarian, he would have liked it, but now it is too expensive for him to buy.

DON'T BUY

His partner just went through this stock and despite it having a great yield and trading below book value, it still needs time to improve. There are some mortgage lending issues that still need to be worked out. He would rather own any of the major chartered banks, despite having a lower 4% yield. Yield 6%.

HOLD

This has been a go to bank, because of their US exposure. It could make new highs and there are not a lot of warts with this one. At some point you would be better off holding a US bank as some there are trading at lower valuations. There will be other leaders going forward.

HOLD

With the company completing their major maintenance projects, he believes the returns will come. It will come down to where oil prices go. It has out-performed most of the other oil and gas stocks. He thinks the fact they have made their major capital investments, they can now sit back and reap the benefits.

WATCH

The negative reaction to the latest earnings release now has him interested. He wonders what its capacity to grow in Canada will be. A one quarter blip is interesting, but he would rather wait and better assess their ability to grow and protect margins going forward before buying. He thinks input costs are on the rise and questions whether they have the scale to compete against online sales.

HOLD

A holder of the Income Fund has to consider the tax factor if you sell ahead of the share exchange. He likes holding the Enbridge stock with a high yield. Yield 6%.

DON'T BUY

He thinks this mortgage lender has a dividend that is growing and trades at a low PE ratio. It is not a low risk company, as it makes loans to non-conventional borrowers. At this point in the market cycle, with high consumer debt, he would prefer to own a bank with larger market cap and higher liquidity. Yield 1.5%.

HOLD

He is a happy shareholder of this one. He bought it because it had lagged the whole software cycle in the beginning. They made an acquisition that caused the stock to tumble – they saw that as an opportunity at $40. He would not be adding to his position at this value, but expects future valuation appreciation.

HOLD

A great company and they have executed their strategy well. They have been moving more oil and sees them as a good long term hold. Not necessarily the time to buy.

HOLD

Potash is less of a commodity than in the past. The world needs this commodity around the world. The previous supply situation globally is abating as marginal mines are not being built. This is a good name to own. He prefers to hold base metals instead, where there is even greater growth potential. Yield 2.7%.

WATCH

Natural gas is a dirty word today. As a contrarian, he likes the yield but wonders if it is sustainable. They have a good management team. At some point there will be demand for Canadian natural gas – west coast LNG could be a catalyst. He thinks there are other energy names, but he continues to watch it. Yield 6.8%.

HOLD

One of the higher dividend yields of the Canadian banks. He would be favoring Scotiabank, with the higher yield at the moment. It has US and domestic exposure and he thinks the dividend will continue to grow. He would continue to hold and collect the dividend. Yield 4.4%.

TOP PICK

The stock is out of favor after the two year wait for the WGL acquisition. They have raised $1.5 billion in shares of the $2 billion they said was needed and now the market wonders if the IPO will make up the difference. All the news is negative currently and he sees less risk now that the stock has fallen. He is betting the dividend is safe. Yield 10%. (Analysts’ price target is $27.79)

TOP PICK

The Canadian communications sector still looks over valued, that is why he is looking to this US holding. The company is making a huge bet on being the 5G provider. To get a 12 times PE and good yield, he sees this as a good bet. Yield 4.5%. (Analysts’ price target is $56.46)