Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 26, 2018

Contrarian investors think that beaten-up stocks like this will turn around. IBM just beat their Q3 slightly, but there's no growth. He sees -2% growth. The dividend is solid. If you have US dollars, look at BAC instead.

IBM (IBM-N)
October 26, 2018

Contrarian investors think that beaten-up stocks like this will turn around. IBM just beat their Q3 slightly, but there's no growth. He sees -2% growth. The dividend is solid. If you have US dollars, look at BAC instead.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$124.790
Owned
Unknown
TOP PICK
TOP PICK
October 26, 2018

In Q2 they showed progress in personal auto profit, and their OneBeacon acqusition. Their combined ratio beat guidance. He sees EPS growth. It's very cheap at 13x earnings. It hasn't come off as much as its peers. It's a beacon of safety, a steady Eddy. This is a late-cycle business play. (2.79% dividend yield, Analysts' price target: $112.46)

Intact Financial (IFC-T)
October 26, 2018

In Q2 they showed progress in personal auto profit, and their OneBeacon acqusition. Their combined ratio beat guidance. He sees EPS growth. It's very cheap at 13x earnings. It hasn't come off as much as its peers. It's a beacon of safety, a steady Eddy. This is a late-cycle business play. (2.79% dividend yield, Analysts' price target: $112.46)

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$100.630
Owned
Yes
TOP PICK
TOP PICK
October 26, 2018

They just sold their construction business, which is a catalyst. Their contruction obscured their consulting business which will shine thought now. Got a good balance sheet so they can contine to buy. 17% EPS growth. It's trading below its peers. An infrastructure play, so even in a late cycle they can still attract capital. (1.65% dividend yield; no price target given)

Stantec Inc (STN-T)
October 26, 2018

They just sold their construction business, which is a catalyst. Their contruction obscured their consulting business which will shine thought now. Got a good balance sheet so they can contine to buy. 17% EPS growth. It's trading below its peers. An infrastructure play, so even in a late cycle they can still attract capital. (1.65% dividend yield; no price target given)

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$33.360
Owned
Yes
TOP PICK
TOP PICK
October 26, 2018

Cash gives you options to buy when markets fall lower or build more cash to be a shock absorber to go into GIC's, floating rate bonds paying 6% or rate reset preferreds paying 5.5%. You need these things at the top of the cycle--and one never knows when that it. He holds 12-14% cash now. He thinks this correction is temporary, so he'll be buying beaten-up stocks.

CASH (CASH)
October 26, 2018

Cash gives you options to buy when markets fall lower or build more cash to be a shock absorber to go into GIC's, floating rate bonds paying 6% or rate reset preferreds paying 5.5%. You need these things at the top of the cycle--and one never knows when that it. He holds 12-14% cash now. He thinks this correction is temporary, so he'll be buying beaten-up stocks.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$0.010
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 26, 2018

(Past Top Pick Nov. 3, 2017, Up 1%) Still likes it, its dividend and dividend growth. Likes its defensive qualities. He sees 10% EPS growth. Telus will be fine over the next few years. Also look at BCE which has gotten a lot cheaper.

Telus Corp (T-T)
October 26, 2018

(Past Top Pick Nov. 3, 2017, Up 1%) Still likes it, its dividend and dividend growth. Likes its defensive qualities. He sees 10% EPS growth. Telus will be fine over the next few years. Also look at BCE which has gotten a lot cheaper.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$44.840
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 26, 2018

(Past Top Pick Nov. 3, 2017, Up 9%) Cheap compared to its peers. Trading at a 4-year low. Liked its dividend growth, earnings prospects and share buybacks. They sold their financial risk business. They have $9-10 billion cash to deploy to add to their segments. He's been trimming this, because there are better names out there given the downturn, but TRI is still fine.

(Past Top Pick Nov. 3, 2017, Up 9%) Cheap compared to its peers. Trading at a 4-year low. Liked its dividend growth, earnings prospects and share buybacks. They sold their financial risk business. They have $9-10 billion cash to deploy to add to their segments. He's been trimming this, because there are better names out there given the downturn, but TRI is still fine.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$60.120
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 26, 2018

(Past Top Pick Nov.3, 2017, Down 11%) At the time, he liked its strong global growth and expected upturn at Tim Horton's. Burger King remains strong. Popeye's has turned a corner. Tim's is showing progress. He sees 17% EPS share. Trading at 19x with a reasonable growth rate. Their Q3 was a little disappointing, but he isn't changing his estimates. This will be fine over five years. They need to do a better job with their franchisees. Menu innovation is strong, but they are growing internationally (as in China) which is what investors should pay attention to.

(Past Top Pick Nov.3, 2017, Down 11%) At the time, he liked its strong global growth and expected upturn at Tim Horton's. Burger King remains strong. Popeye's has turned a corner. Tim's is showing progress. He sees 17% EPS share. Trading at 19x with a reasonable growth rate. Their Q3 was a little disappointing, but he isn't changing his estimates. This will be fine over five years. They need to do a better job with their franchisees. Menu innovation is strong, but they are growing internationally (as in China) which is what investors should pay attention to.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$72.500
Owned
Yes