Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
October 29, 2018

CN-T or CP-T? He owns CN and CSX in the U.S. He likes CN for its north-south traffic to the States--it's safer. CP is east-west (more Canadian). CN will benefit from shipping out Alberta oil to California. It costs $12 per barrel to ship it, but the low WCS cost makes it still worth it.

Canadian Pacific Rail(CP-T)
October 29, 2018

CN-T or CP-T? He owns CN and CSX in the U.S. He likes CN for its north-south traffic to the States--it's safer. CP is east-west (more Canadian). CN will benefit from shipping out Alberta oil to California. It costs $12 per barrel to ship it, but the low WCS cost makes it still worth it.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$256.460
Owned
No
BUY
BUY
October 29, 2018

BAC vs. PRUDENTIAL If both benefit from wider rates, the spreads will widen for U.S. banks, which have been
pulling back. BAC has A 10% market share in the U.S. which is as big as the entire Canadian banking system. BAC has lot of exposure to the plain mortgage side where spreads should expand. Be patient and you'll see earnings and dividends. U.S. lifecos should benefit, too, but so will Canadian ones like MFC-T (which is a good entry point now). He prefers American banks over their lifecos.

Bank of America(BAC-N)
October 29, 2018

BAC vs. PRUDENTIAL If both benefit from wider rates, the spreads will widen for U.S. banks, which have been
pulling back. BAC has A 10% market share in the U.S. which is as big as the entire Canadian banking system. BAC has lot of exposure to the plain mortgage side where spreads should expand. Be patient and you'll see earnings and dividends. U.S. lifecos should benefit, too, but so will Canadian ones like MFC-T (which is a good entry point now). He prefers American banks over their lifecos.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$26.610
Owned
Yes
COMMENT
COMMENT
October 29, 2018

BAC vsPRUDENTIAL If both benefit from wider rates, the spreads will widen for U.S. banks, which have been 
pulling back. BAC has A 10% market share in the U.S. which is as big as the entire Canadian banking system. BAC has lot of exposure to the plain mortgage side where spreads should expand. Be patient and you'll see earnings and dividends. U.S. lifecos should benefit, too, but so will Canadian ones like MFC-T (which is a good entry point now). He prefers American banks over their lifecos.

BAC vsPRUDENTIAL If both benefit from wider rates, the spreads will widen for U.S. banks, which have been 
pulling back. BAC has A 10% market share in the U.S. which is as big as the entire Canadian banking system. BAC has lot of exposure to the plain mortgage side where spreads should expand. Be patient and you'll see earnings and dividends. U.S. lifecos should benefit, too, but so will Canadian ones like MFC-T (which is a good entry point now). He prefers American banks over their lifecos.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$90.750
Owned
No
COMMENT
COMMENT
October 29, 2018

They reported a good number lately, but failed to go private. It's too energy-centric for him. It's fully valued now after failing to go private.

Aecon Group Inc(ARE-T)
October 29, 2018

They reported a good number lately, but failed to go private. It's too energy-centric for him. It's fully valued now after failing to go private.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$18.640
Owned
No
DON'T BUY
DON'T BUY
October 29, 2018

Sold it 7 years ago. He's not a silver/gold fan, so he won't rebuy it. It could recover partially from its decline. But he's not up on Guatemala now where Tahoe has a flagship silver mine that's currently shut down. There is lots of value here, if they can get it going. This is probably dead money.

Tahoe Resources(THO-T)
October 29, 2018

Sold it 7 years ago. He's not a silver/gold fan, so he won't rebuy it. It could recover partially from its decline. But he's not up on Guatemala now where Tahoe has a flagship silver mine that's currently shut down. There is lots of value here, if they can get it going. This is probably dead money.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$3.300
Owned
No
PAST TOP PICK
PAST TOP PICK
October 29, 2018

(Past Top Pick Oct. 20. 2017, Down  16%) There is growth coming. He'll stick with it. The lack of pipelines has pulled them back and down like all else in October. Historic valuation is good. Dividend yield is 5.6%. If it rebounds to the high-$50s, plus that dividend, you will do fine.

TransCanada Corp(TRP-T)
October 29, 2018

(Past Top Pick Oct. 20. 2017, Down  16%) There is growth coming. He'll stick with it. The lack of pipelines has pulled them back and down like all else in October. Historic valuation is good. Dividend yield is 5.6%. If it rebounds to the high-$50s, plus that dividend, you will do fine.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$49.320
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 29, 2018

(Past Top Pick Oct. 20. 2017, Up 16%) ESPN numbers have stopped falling; they're doing their own streaming with 1 million subscribers already in the first five months. It's cannibalizing the cable which was going to go anyway. They own Hulu, also good. Theme parks are fine. It's relatively cheap. He targets $125. 

Walt Disney(DIS-N)
October 29, 2018

(Past Top Pick Oct. 20. 2017, Up 16%) ESPN numbers have stopped falling; they're doing their own streaming with 1 million subscribers already in the first five months. It's cannibalizing the cable which was going to go anyway. They own Hulu, also good. Theme parks are fine. It's relatively cheap. He targets $125. 

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$113.040
Owned
Yes