Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
November 26, 2018
Morgan Stanley vs. Goldman Sachs They're similar--they're in investment banking, but he prefers MS with its cheaper valuation with steadier earnings growth and less earnings volatility. Goldman is more into investment banking which is vulnerable to a market downturn, thus a little more volatile. Overall, he is light U.S. banks: there's slower loan growth and the cost of loaning money has risen along with interest rates. Analysts have been too optimistic about American banks' earnings growth going forward.
Goldman Sachs (GS-N)
November 26, 2018
Morgan Stanley vs. Goldman Sachs They're similar--they're in investment banking, but he prefers MS with its cheaper valuation with steadier earnings growth and less earnings volatility. Goldman is more into investment banking which is vulnerable to a market downturn, thus a little more volatile. Overall, he is light U.S. banks: there's slower loan growth and the cost of loaning money has risen along with interest rates. Analysts have been too optimistic about American banks' earnings growth going forward.
John Zechner
Chairman, J. Zechner & Assoc
Price
$194.340
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 26, 2018
(A Top Pick Nov 06/17, Down 10%) Any oil pick has disappointed this past year as oil prices fell, though this hasn't done as badly. TDG has two take-out offers, yet this stock is still down for the year.
(A Top Pick Nov 06/17, Down 10%) Any oil pick has disappointed this past year as oil prices fell, though this hasn't done as badly. TDG has two take-out offers, yet this stock is still down for the year.
John Zechner
Chairman, J. Zechner & Assoc
Price
$1.630
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 26, 2018
(A Top Pick Nov 06/17, Up 1%) Tech is over-owned and we'll see continued selling pressure, but he worries less about Google (and MSFT), because it's supported by earnings and growth, driven by the Cloud. Google is still a great story.
(A Top Pick Nov 06/17, Up 1%) Tech is over-owned and we'll see continued selling pressure, but he worries less about Google (and MSFT), because it's supported by earnings and growth, driven by the Cloud. Google is still a great story.
John Zechner
Chairman, J. Zechner & Assoc
Price
$1048.620
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 26, 2018
(A Top Pick Nov 06/17, Down 31%) A disappointment. They continue to bottom. He exited. They've been bleeding money and are negative EBITDA. The new CEO is doing a alittle better by selling off some of their lines to return to the core business. Retail is slightly better and they carry some real estate value. But their balance sheet is stretched. They should've sold their Vancouver property sooner.
Hudson Bay Co. (HBC-T)
November 26, 2018
(A Top Pick Nov 06/17, Down 31%) A disappointment. They continue to bottom. He exited. They've been bleeding money and are negative EBITDA. The new CEO is doing a alittle better by selling off some of their lines to return to the core business. Retail is slightly better and they carry some real estate value. But their balance sheet is stretched. They should've sold their Vancouver property sooner.
John Zechner
Chairman, J. Zechner & Assoc
Price
$8.230
Owned
No
DON'T BUY
DON'T BUY
November 26, 2018
National Bank vs. Laurentian Bank Laurentian, because their mortgage debacle has dragged down the stock until it's now the cheapest Canadian bank. National isn't trading as much at a discount as its peers (as LB), and it also has the biggest exposure to Canadian oil, which is a red flag.
National Bank vs. Laurentian Bank Laurentian, because their mortgage debacle has dragged down the stock until it's now the cheapest Canadian bank. National isn't trading as much at a discount as its peers (as LB), and it also has the biggest exposure to Canadian oil, which is a red flag.
John Zechner
Chairman, J. Zechner & Assoc
Price
$60.060
Owned
No
BUY
BUY
November 26, 2018

National Bank vs. Laurentian Bank Laurentian, because their mortgage debacle has dragged down the stock until it's the cheapest Canadian bank. National isn't trading as much at a discount as its peers, and it has the biggest exposure to Canadian oil, which is a red flag.

Laurentian Bank (LB-T)
November 26, 2018

National Bank vs. Laurentian Bank Laurentian, because their mortgage debacle has dragged down the stock until it's the cheapest Canadian bank. National isn't trading as much at a discount as its peers, and it has the biggest exposure to Canadian oil, which is a red flag.

John Zechner
Chairman, J. Zechner & Assoc
Price
$41.560
Owned
No
BUY
BUY
November 26, 2018
He likes the telecoms. They pay a decent part of the earnings and a good dividend. They've done a great job consolidating the sector. BCE is a tremendous operator. It's now cheap. There's some growth left.
BCE Inc. (BCE-T)
November 26, 2018
He likes the telecoms. They pay a decent part of the earnings and a good dividend. They've done a great job consolidating the sector. BCE is a tremendous operator. It's now cheap. There's some growth left.
John Zechner
Chairman, J. Zechner & Assoc
Price
$56.730
Owned
Unknown