Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
October 2, 2018

The run will continue. Their story is cloud transition, moving client workloads on-premise (in their buildings) onto the cloud. MSFT's data centre capacity rivals Amazon's AWS, the market leaders. MSFT is catching up with advantages being brand loyalty--customers trust them for dependability. Lots of runway left; he has a target of $145 (1.6% dividend, Analysts' price target:$124.32)

Microsoft (MSFT-Q)
October 2, 2018

The run will continue. Their story is cloud transition, moving client workloads on-premise (in their buildings) onto the cloud. MSFT's data centre capacity rivals Amazon's AWS, the market leaders. MSFT is catching up with advantages being brand loyalty--customers trust them for dependability. Lots of runway left; he has a target of $145 (1.6% dividend, Analysts' price target:$124.32)

Jamie Murray
Head of research, Murray Wealth Group
Price
$115.150
Owned
Yes
TOP PICK
TOP PICK
October 2, 2018

He owned this before they bought in Canopy. They own Corona and other Mexican brands, plus wine. The beers have been growing very well. STZ has one of the best growth rates in a sluggish sector. He isn't a cannabis bull, but he sees upside in this space. (1.4% dividend, Analysts' price target: $242.00)

He owned this before they bought in Canopy. They own Corona and other Mexican brands, plus wine. The beers have been growing very well. STZ has one of the best growth rates in a sluggish sector. He isn't a cannabis bull, but he sees upside in this space. (1.4% dividend, Analysts' price target: $242.00)

Jamie Murray
Head of research, Murray Wealth Group
Price
$212.730
Owned
Yes
TOP PICK
TOP PICK
October 2, 2018

A short-term investment. The steel market is now strong. Stelco re-IPO'd last November. Has little debt and cleaned up its employee pension obligations. There are healthy margins in steel now. Good cash flows. Just paid a special dividend which could become an annual event. (1.8% dividend, Analysts' price target: $33.17)

A short-term investment. The steel market is now strong. Stelco re-IPO'd last November. Has little debt and cleaned up its employee pension obligations. There are healthy margins in steel now. Good cash flows. Just paid a special dividend which could become an annual event. (1.8% dividend, Analysts' price target: $33.17)

Jamie Murray
Head of research, Murray Wealth Group
Price
$22.240
Owned
Yes
COMMENT
COMMENT
October 2, 2018

He’s not a huge commodities fan, but he does own Royal Dutch Shell, which is a global expert in putting together large projects like LNG Canada. It is a long-term player. The fact that a skilled, major global player is driving LNG Canada is one of the important causes for optimism for the project. Has a history of being one of the least indebted oil and gas companies. They have also avoided the types of accidents that have plagued other oil companies. Yield 5.4%.

He’s not a huge commodities fan, but he does own Royal Dutch Shell, which is a global expert in putting together large projects like LNG Canada. It is a long-term player. The fact that a skilled, major global player is driving LNG Canada is one of the important causes for optimism for the project. Has a history of being one of the least indebted oil and gas companies. They have also avoided the types of accidents that have plagued other oil companies. Yield 5.4%.

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$69.070
Owned
Yes
COMMENT
COMMENT
October 2, 2018

This is one of the top brewers, but like all the others in the beer industry, Molson Coors is struggling. Their market is extremely mature, with declining consumption. Molson has bought some craft brewers but those companies are getting expensive. Very low multiple and generates good cash flow. They are using free cash to pay down debt. But it's difficulty to find new ways to grow. It's a tough call to say to buy because the company looks relatively cheap, well-managed but maybe not likely to grow much. They're entering into joint ventures with cannabis companies, experimenting with infused beverages. He is not sure how big the market will be for these products. It might get very crowded very quickly. For the next few years, for Molson Coors, these are small projects--tiny in the grand scheme of things.

This is one of the top brewers, but like all the others in the beer industry, Molson Coors is struggling. Their market is extremely mature, with declining consumption. Molson has bought some craft brewers but those companies are getting expensive. Very low multiple and generates good cash flow. They are using free cash to pay down debt. But it's difficulty to find new ways to grow. It's a tough call to say to buy because the company looks relatively cheap, well-managed but maybe not likely to grow much. They're entering into joint ventures with cannabis companies, experimenting with infused beverages. He is not sure how big the market will be for these products. It might get very crowded very quickly. For the next few years, for Molson Coors, these are small projects--tiny in the grand scheme of things.

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$62.060
Owned
No
HOLD
HOLD
October 2, 2018

He doesn’t own this, but he owns comparable banks. The whole global banking sector is trading at very cheap multiples. They are all under pressure from the flattening yield curve, and they all pay hefty dividends. The bank’s poor performance is sector-driven more than driven by the political issues in the countries where it does business.

He doesn’t own this, but he owns comparable banks. The whole global banking sector is trading at very cheap multiples. They are all under pressure from the flattening yield curve, and they all pay hefty dividends. The bank’s poor performance is sector-driven more than driven by the political issues in the countries where it does business.

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$4.920
Owned
No
BUY
BUY
October 2, 2018

Responding to a caller who argued that the company’s financials are strong and asked why it is not selling for $30. Steinberg responded that it is a mistake to evaluate this company on its own. Globally, the financial services sector is under pressure. Global banks are under pressure. European insurers are trading at single-digit multiples. For a value investor, these are opportunities to step into good companies at fairly low earnings multiples. Manulife is well-run, has a healthy level of international business, and pays a good dividend. He expects dividend growth. Rather than being frustrated with companies like this, value investors step in and buy them.

Responding to a caller who argued that the company’s financials are strong and asked why it is not selling for $30. Steinberg responded that it is a mistake to evaluate this company on its own. Globally, the financial services sector is under pressure. Global banks are under pressure. European insurers are trading at single-digit multiples. For a value investor, these are opportunities to step into good companies at fairly low earnings multiples. Manulife is well-run, has a healthy level of international business, and pays a good dividend. He expects dividend growth. Rather than being frustrated with companies like this, value investors step in and buy them.

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$22.850
Owned
Yes