Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
October 23, 2018

STANTEC  vs. AECON - He's studying the infrastructure space closely. He has no criticism about Stantec, but he prefers Aecon for its balance sheet ($260 million in cash) and low debt. And its new CEO has global experience, which is a catalyst for Aecon and will help them go global. He hasn't bought ARE yet, but will.

Stantec Inc(STN-T)
October 23, 2018

STANTEC  vs. AECON - He's studying the infrastructure space closely. He has no criticism about Stantec, but he prefers Aecon for its balance sheet ($260 million in cash) and low debt. And its new CEO has global experience, which is a catalyst for Aecon and will help them go global. He hasn't bought ARE yet, but will.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$34.390
Owned
No
BUY
BUY
October 23, 2018

STANTEC vs. AECON - He's studying the infrastructure space closely. He has no criticism about Stantec, but he prefers Aecon for its balance sheet ($260 million in cash) and low debt. And its new CEO has global experience, which is a catalyst for Aecon and will help them go global. He hasn't bought ARE yet, but will.

Aecon Group Inc(ARE-T)
October 23, 2018

STANTEC vs. AECON - He's studying the infrastructure space closely. He has no criticism about Stantec, but he prefers Aecon for its balance sheet ($260 million in cash) and low debt. And its new CEO has global experience, which is a catalyst for Aecon and will help them go global. He hasn't bought ARE yet, but will.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$16.770
Owned
No
TOP PICK
TOP PICK
October 23, 2018

It's the top-performing Canadian utility yet little known. Has momentum. You're paid a safe, big dividend pl;us modest price growth. It plays into the carbon tax. CPS's assets are gas, wind and solar which are higher-cost commodities to produce, so the carbon tax will hit traditional forms of energy and benefit CPX. He sees a 2-3% upside plus dividend. Pays over a 6% dividend.

Capital Power(CPX-T)
October 23, 2018

It's the top-performing Canadian utility yet little known. Has momentum. You're paid a safe, big dividend pl;us modest price growth. It plays into the carbon tax. CPS's assets are gas, wind and solar which are higher-cost commodities to produce, so the carbon tax will hit traditional forms of energy and benefit CPX. He sees a 2-3% upside plus dividend. Pays over a 6% dividend.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$28.900
Owned
Yes
TOP PICK
TOP PICK
October 23, 2018

They've been beaten up after a big U.S. acquisition where they took over $1 billion in debt which the market did not like. TCL, though, has done successful acquisitions over the years. They were a printing business, but then sold those assets and smartly reinvested in labels. It takes time for the market to digest their large acqusition, but the U.S. business is similar to TCL's business here, so TCL knows that space well. He's confident it will work. Trading at 8x P/E.

They've been beaten up after a big U.S. acquisition where they took over $1 billion in debt which the market did not like. TCL, though, has done successful acquisitions over the years. They were a printing business, but then sold those assets and smartly reinvested in labels. It takes time for the market to digest their large acqusition, but the U.S. business is similar to TCL's business here, so TCL knows that space well. He's confident it will work. Trading at 8x P/E.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$20.360
Owned
Yes
TOP PICK
TOP PICK
October 23, 2018

A pure play wireless name. We're doing more and more on our smartphones, which means data charges are rising. He sees continued growth. He's long held Telus. Telus is at the end of a capex cycle, spending money on 4G networks. So, there'll be money leftover to pay back shareholders through dividend growth.

Telus Corp(T-T)
October 23, 2018

A pure play wireless name. We're doing more and more on our smartphones, which means data charges are rising. He sees continued growth. He's long held Telus. Telus is at the end of a capex cycle, spending money on 4G networks. So, there'll be money leftover to pay back shareholders through dividend growth.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$45.660
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
October 23, 2018

He likes the company. Has owned stock of it in the past. Overvalued now trading at 12 times EBITDA. Excellent Management team at execution. He would look at it if it comes back at 10 times EBITDA.

WSP Global Inc.(WSP-T)
October 23, 2018

He likes the company. Has owned stock of it in the past. Overvalued now trading at 12 times EBITDA. Excellent Management team at execution. He would look at it if it comes back at 10 times EBITDA.

Andrew Pink
Portfolio Manager, LDIC
Price
$66.780
Owned
No
BUY WEAKNESS
BUY WEAKNESS
October 23, 2018

Financial investments can do well in a raising interest rate environment. He likes Pram Watsa. He would look closely at the valuation. He likes the theme. 

Fairfax Financial(FFH-T)
October 23, 2018

Financial investments can do well in a raising interest rate environment. He likes Pram Watsa. He would look closely at the valuation. He likes the theme. 

Andrew Pink
Portfolio Manager, LDIC
Price
$629.070
Owned
No