Today, Ryan Bushell and Keith Richards commented about whether MFC-T, GOOS-T, TLT-Q, XLP-N, BCE-T, ATRL-T, CME-Q, RIG-N, DML-T, TSGI-T, BNS-T, G-T, IQ-Q, ABX-T, CLR-T, T-N, CASH, BAM.A-T, TRP-T, IMAX-N, JPM-N, ENB-T, XRX-N, META-Q, SQ-N, CCL.B-T, ALA-T, BNS-T, CVE-T, CNQ-T, BIP.UN-T, ALA-T, ARX-T, ABX-T, FRU-T, TRP-T, ENB-T, RUS-T, GSY-T, CJ-T, PBH-T, TD-T, BCE-T, NPI-T, IPL-T are stocks to buy or sell.
He's bearish on the Canadian market. The CAD has been trending since its 2010 peak. He expects more USD upside, but forecasts low-$70's for the CAD within the next 12 months, though there will be a few rallies. The trendline to crack 80 cents hasn't happened. He sees 10% upside for the USD against world currencies. He's bullish US markets.
The company has good assets that produce good cash flows. He believes the market has overreacted to the recent acquisitions and how it is being funded. If this company was trading in the private capital markets, it would be trading a much higher multiple. Yield 10.7%. (Analysts’ price target is $28.23)