Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
October 24, 2018

He owns the holding company instead. A great company, well managed. BIP is not meant to be a capital appreciator and will trade within the $25 range. But own this for a stable, tax-advanted cash flow through its safe, sustainable dividend of 5%.

He owns the holding company instead. A great company, well managed. BIP is not meant to be a capital appreciator and will trade within the $25 range. But own this for a stable, tax-advanted cash flow through its safe, sustainable dividend of 5%.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$50.570
Owned
No
BUY
BUY
October 24, 2018

The Canadian banks are value creators. RY is the granddaddy of them all. Ignore the short-term pullbacks and consider 5 years or more. RY will eventually rise above $150. The banks always grow their dividends around 5-7% annually. RY is the leading capital markets business and commercial and personal bank in Canada as well as wealth management. They have a good U.S. business. If you bought this recently before the correction, just hold on.

Royal Bank (RY-T)
October 24, 2018

The Canadian banks are value creators. RY is the granddaddy of them all. Ignore the short-term pullbacks and consider 5 years or more. RY will eventually rise above $150. The banks always grow their dividends around 5-7% annually. RY is the leading capital markets business and commercial and personal bank in Canada as well as wealth management. They have a good U.S. business. If you bought this recently before the correction, just hold on.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$94.600
Owned
Yes
COMMENT
COMMENT
October 24, 2018

They just bought Choice Properties reit from Loblaw in a complicated deal. This creates a lot of cash flow that will likely go towards M&A. He suspects WN will invest in healthcare to synergize with the supermarkets. The bakeries, though, make up only 6% of the business and he's not thrilled by them.

George Weston Ltd. (WN-T)
October 24, 2018

They just bought Choice Properties reit from Loblaw in a complicated deal. This creates a lot of cash flow that will likely go towards M&A. He suspects WN will invest in healthcare to synergize with the supermarkets. The bakeries, though, make up only 6% of the business and he's not thrilled by them.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$91.580
Owned
Unknown
DON'T BUY
DON'T BUY
October 24, 2018

The 10% dividend isn't safe. They bought WGL in 2016 and this expensive deal just closed. The market didn't like it. ALA now has a ton of debt and it's paying it down by spinning off the Canadian assets. The market gave it a giant yawn, so ALA had to lower the IPO price. He doesn't like the management. Look elsewhere for a stable divide

Altagas Ltd (ALA-T)
October 24, 2018

The 10% dividend isn't safe. They bought WGL in 2016 and this expensive deal just closed. The market didn't like it. ALA now has a ton of debt and it's paying it down by spinning off the Canadian assets. The market gave it a giant yawn, so ALA had to lower the IPO price. He doesn't like the management. Look elsewhere for a stable divide

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$21.660
Owned
No
DON'T BUY
DON'T BUY
October 24, 2018

A troubled bank. Problems with mortgages last year sparked a plunge in investor confidence and a stock sell-off.
He avoids laggards in a sector.

Laurentian Bank (LB-T)
October 24, 2018

A troubled bank. Problems with mortgages last year sparked a plunge in investor confidence and a stock sell-off.
He avoids laggards in a sector.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$40.770
Owned
No
TOP PICK
TOP PICK
October 24, 2018

Deals in staples with inelastic demand, running stores in Alaska and remote northern Canada and isolated parts of the South Pacific and Caribbean selling food and general merchandise. These areas are so remote that there is no competition from e-commerce. These are natural monopolies, so NWC enjoys higher margins than a grocer. They're rebuilding their Caribbean stores after the 2017 hurricanes. (4.55% dividend yield, Analysts; Price Target $32.40)

North West Company (NWC-T)
October 24, 2018

Deals in staples with inelastic demand, running stores in Alaska and remote northern Canada and isolated parts of the South Pacific and Caribbean selling food and general merchandise. These areas are so remote that there is no competition from e-commerce. These are natural monopolies, so NWC enjoys higher margins than a grocer. They're rebuilding their Caribbean stores after the 2017 hurricanes. (4.55% dividend yield, Analysts; Price Target $32.40)

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$28.160
Owned
Yes
TOP PICK
TOP PICK
October 24, 2018

Recently added to his position. Offers non-cyclical stability. 97% of their assets are rate-regulated which insulates shareholders from changes in commodity prices and economic conditions. It pays a consistent and growing dividend which will continue to grow at 6% annually in the next five years. Thre's also a $17 billion capital expansion plan. (4.17% dividend yield, Analysts' Price Target $47.43)

Fortis Inc. (FTS-T)
October 24, 2018

Recently added to his position. Offers non-cyclical stability. 97% of their assets are rate-regulated which insulates shareholders from changes in commodity prices and economic conditions. It pays a consistent and growing dividend which will continue to grow at 6% annually in the next five years. Thre's also a $17 billion capital expansion plan. (4.17% dividend yield, Analysts' Price Target $47.43)

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$43.840
Owned
Yes