Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 29, 2018
(A Top Pick Dec 06/17, Up 14%) Regional bank in the U.S. They only open 3-5 branches a year, 5% or so loan growth a year. Not a Blockbuster growth story and more of a boring name, but he has a lot of time and patience for it. Had a good year, decent dividend. Still owns it.
Show full opinionHide full opinion
City Holding (CHCO-Q)
November 29, 2018
(A Top Pick Dec 06/17, Up 14%) Regional bank in the U.S. They only open 3-5 branches a year, 5% or so loan growth a year. Not a Blockbuster growth story and more of a boring name, but he has a lot of time and patience for it. Had a good year, decent dividend. Still owns it.
PAST TOP PICK
PAST TOP PICK
November 29, 2018
(A Top Pick Dec 06/17, Down 10%) Had much of its run last year and has been readjusting and rebalancing this year. When looking at the regional banks overall it's been a great place to be.
Show full opinionHide full opinion
(A Top Pick Dec 06/17, Down 10%) Had much of its run last year and has been readjusting and rebalancing this year. When looking at the regional banks overall it's been a great place to be.
COMMENT
COMMENT
November 29, 2018
It's a yield play. It's difficult to see a scenario for meaningful growth without the approval of future pipelines. Prefers the utilities because unlike the pipelines he does see some share price appreciation potential as well. Great yield at about 5.1% but growth is a challenge.
Show full opinionHide full opinion
TC Energy (TRP-T)
November 29, 2018
It's a yield play. It's difficult to see a scenario for meaningful growth without the approval of future pipelines. Prefers the utilities because unlike the pipelines he does see some share price appreciation potential as well. Great yield at about 5.1% but growth is a challenge.
WATCH
WATCH
November 29, 2018
Likes the name, held in the past, sold a little less than a year ago. The stock is sold-off quite a bit, down 20% this quarter. Had some challenges with the new iPhone production and more recently the tariffs from Trump. Today Apple came out and said the new iPhone is the best selling iPhone yet. Starting to get more diversified, services side is growing very well and he likes that. Cheap. Trading at a lower multiple than it should at 13X forward earnings. Anything under 15X is worth a look. Wouldn't be surprised if they start to add to that name over the next quarter.
Show full opinionHide full opinion
Apple (AAPL-Q)
November 29, 2018
Likes the name, held in the past, sold a little less than a year ago. The stock is sold-off quite a bit, down 20% this quarter. Had some challenges with the new iPhone production and more recently the tariffs from Trump. Today Apple came out and said the new iPhone is the best selling iPhone yet. Starting to get more diversified, services side is growing very well and he likes that. Cheap. Trading at a lower multiple than it should at 13X forward earnings. Anything under 15X is worth a look. Wouldn't be surprised if they start to add to that name over the next quarter.
DON'T BUY
DON'T BUY
November 29, 2018
Strong brand. Demonstrated success pretty much in all businesses they are involved in. Prefers Brookfield Assets Management (BAM-T). The main question if you own it is what else you have in the way of interest sensitive names. Brookfield Property will be an interest sensitive name. He'd be looking at lightening up on the entire interest sensitive segment and make sure you're well positioned going into 2019.
Show full opinionHide full opinion
Strong brand. Demonstrated success pretty much in all businesses they are involved in. Prefers Brookfield Assets Management (BAM-T). The main question if you own it is what else you have in the way of interest sensitive names. Brookfield Property will be an interest sensitive name. He'd be looking at lightening up on the entire interest sensitive segment and make sure you're well positioned going into 2019.
BUY WEAKNESS
BUY WEAKNESS
November 29, 2018
Has held it in the past but sold it too early. Had a great year, up 25%. Has transitioned from being a traditional network, switch and router business, to a more software focused business through acquisitions. The market places higher multiples on software companies then it does on hardware companies. He likes it. Had a real big run. You'll be rewarded buying it on weakness or bad news. (Analysts’ price target is $50.00)
Show full opinionHide full opinion
Cisco (CSCO-Q)
November 29, 2018
Has held it in the past but sold it too early. Had a great year, up 25%. Has transitioned from being a traditional network, switch and router business, to a more software focused business through acquisitions. The market places higher multiples on software companies then it does on hardware companies. He likes it. Had a real big run. You'll be rewarded buying it on weakness or bad news. (Analysts’ price target is $50.00)
WAIT
WAIT
November 29, 2018
Likes it longer term, doesn't like it on the short term. Spent a lot of money over the last couple of years doing acquisitions here in Canada and also in Latin America. The next few years are really going to be a time for Scotia to digest their acquisitions and hopefully realize some synergies. He sees a challenging time for the share price while that's happening. Not in a rush to buy it.
Show full opinionHide full opinion
Bank of Nova Scotia (BNS-T)
November 29, 2018
Likes it longer term, doesn't like it on the short term. Spent a lot of money over the last couple of years doing acquisitions here in Canada and also in Latin America. The next few years are really going to be a time for Scotia to digest their acquisitions and hopefully realize some synergies. He sees a challenging time for the share price while that's happening. Not in a rush to buy it.