Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 2, 2018

(A Top Pick Oct 04/17, Down 7%) Has owned this for 22 years. #1 insulin maker in the world. Just came out with a drug for weight loss. There'll be a 54% increase in diabetes in 12 years. They and Merck had the best revenue growth. Stock fell a little because a competitor got FDA approval for a similar insulin. They are selling more outside the U.S. and need to sell more to China and India. Then, the street will favour them again.

Novo-Nordisk(NVO-N)
November 2, 2018

(A Top Pick Oct 04/17, Down 7%) Has owned this for 22 years. #1 insulin maker in the world. Just came out with a drug for weight loss. There'll be a 54% increase in diabetes in 12 years. They and Merck had the best revenue growth. Stock fell a little because a competitor got FDA approval for a similar insulin. They are selling more outside the U.S. and need to sell more to China and India. Then, the street will favour them again.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$43.720
Owned
Yes
HOLD
HOLD
November 2, 2018

Worth buying for a TFSA? Yes. And he has no plans to sell it. Cyclicals will do well when the economy is doing well, but do poorly when the economy slows or the company makes a purchase and must pay for it. The latter is happening to CCL. They're growing but now as quickly as investors expect. One acquisition is holding back their bottom line. This will fall off in the next recession. Packaging success will depend on the wider economy. Their main issue is price inflation with resin prices rising, and CCL didn't pass on that increase yet.

CCL Industries (B)(CCL.B-T)
November 2, 2018

Worth buying for a TFSA? Yes. And he has no plans to sell it. Cyclicals will do well when the economy is doing well, but do poorly when the economy slows or the company makes a purchase and must pay for it. The latter is happening to CCL. They're growing but now as quickly as investors expect. One acquisition is holding back their bottom line. This will fall off in the next recession. Packaging success will depend on the wider economy. Their main issue is price inflation with resin prices rising, and CCL didn't pass on that increase yet.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$56.820
Owned
Yes
WAIT
WAIT
November 2, 2018

They own toll roads in Spain now. Also India, Brazil and Chile. They own the duty free shops in the Rome and Nice airports. They're getting blamed for the Genoa bridge collapse (they own Italian toll roads), which has hit the stock. He's waiting to see how the Italian government reacts.

Atlantia SpA (ATL-BIT)
November 2, 2018

They own toll roads in Spain now. Also India, Brazil and Chile. They own the duty free shops in the Rome and Nice airports. They're getting blamed for the Genoa bridge collapse (they own Italian toll roads), which has hit the stock. He's waiting to see how the Italian government reacts.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$0.000
Owned
Yes
BUY
BUY
November 2, 2018
Payroll processor for small/medium-sized companies. They're a cash cow. Interest rates are rising, so they make more money. In the last quarter, organic growth was 9%, 3x the US economy's rate. Profits up 18%. Dividend rising. Unlike Square, PAYX deals with all the States in America. Trades at 18-21x earnings. Dividend around 3%.
Paychex(PAYX-Q)
November 2, 2018
Payroll processor for small/medium-sized companies. They're a cash cow. Interest rates are rising, so they make more money. In the last quarter, organic growth was 9%, 3x the US economy's rate. Profits up 18%. Dividend rising. Unlike Square, PAYX deals with all the States in America. Trades at 18-21x earnings. Dividend around 3%.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$65.490
Owned
Unknown
DON'T BUY
DON'T BUY
November 2, 2018
Sell after doubling down recently? They'll likely cut the dividend; that's why there's major selling. They swallowed a lot of debt to pay for the WGL purchase. They sold some assets, but it's not enough--they need to sell more. They just missed targets badly. Failed to pay a good price for WGL and he doesn't feel they can absorb WGL with its other assets.
Altagas Ltd(ALA-T)
November 2, 2018
Sell after doubling down recently? They'll likely cut the dividend; that's why there's major selling. They swallowed a lot of debt to pay for the WGL purchase. They sold some assets, but it's not enough--they need to sell more. They just missed targets badly. Failed to pay a good price for WGL and he doesn't feel they can absorb WGL with its other assets.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$15.270
Owned
Unknown
DON'T BUY
DON'T BUY
November 2, 2018

Visa vs. Mastercard? MC is sluggish in Europe. Visa is making deals in India, which MC doen't like. MC has a long relationship with PayPal. MC's earnings are up $1.70, but mostly due to tax cuts. Do half a position. If it doubles, don't buy more. Managing your cash is the most improtant think. He likes both stocks, but not these prices.

Mastercard Inc.(MA-N)
November 2, 2018

Visa vs. Mastercard? MC is sluggish in Europe. Visa is making deals in India, which MC doen't like. MC has a long relationship with PayPal. MC's earnings are up $1.70, but mostly due to tax cuts. Do half a position. If it doubles, don't buy more. Managing your cash is the most improtant think. He likes both stocks, but not these prices.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$197.720
Owned
Unknown
DON'T BUY
DON'T BUY
November 2, 2018

India's currency has fallen. Oil pricess have rose (their big product), so inflation is running rampant now. FIU is like a hedge fund for Prem Watsa. So, he'd rather own Fairfax parent company, FFH, than this subsidiary. FIU is mostly infrastructure. He doesn't like how they manage this Indian subsidiary.

India's currency has fallen. Oil pricess have rose (their big product), so inflation is running rampant now. FIU is like a hedge fund for Prem Watsa. So, he'd rather own Fairfax parent company, FFH, than this subsidiary. FIU is mostly infrastructure. He doesn't like how they manage this Indian subsidiary.

David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$13.090
Owned
No