Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
December 11, 2018
The lifecos are attractive after this correction. Solid businesses. SLF has a big U.S. asset management operation. But she prefers (and owns) MFC which has a better valuation. In the past. SLF's earnings have outgrown MFC's, but MFC's should outpace SLF's going forward. MFC trades at a discount to SLF.
Show full opinionHide full opinion
Manulife Financial (MFC-T)
December 11, 2018
The lifecos are attractive after this correction. Solid businesses. SLF has a big U.S. asset management operation. But she prefers (and owns) MFC which has a better valuation. In the past. SLF's earnings have outgrown MFC's, but MFC's should outpace SLF's going forward. MFC trades at a discount to SLF.
COMMENT
COMMENT
December 11, 2018
She doesn't invest in ETFs and isn't familiar with this. If you want to play US banks, then an ETF could work though this one is hedged to the CAD, which she doesn't like. She prefers individual U.S. banks like JPM.
Show full opinionHide full opinion
She doesn't invest in ETFs and isn't familiar with this. If you want to play US banks, then an ETF could work though this one is hedged to the CAD, which she doesn't like. She prefers individual U.S. banks like JPM.
DON'T BUY
DON'T BUY
December 11, 2018
She doesn't follow this closely. She owns nothing in auto parts, because the U.S. auto cycle has likely peaked and things in Europe are slowing.
Show full opinionHide full opinion
Martinrea (MRE-T)
December 11, 2018
She doesn't follow this closely. She owns nothing in auto parts, because the U.S. auto cycle has likely peaked and things in Europe are slowing.
DON'T BUY
DON'T BUY
December 11, 2018
She used to own it. They've had issues of reinforcing royalty payments in China, and now have a dispute with Apple. Too much uncertainty over how they protect their patents.
Show full opinionHide full opinion
Qualcomm (QCOM-Q)
December 11, 2018
She used to own it. They've had issues of reinforcing royalty payments in China, and now have a dispute with Apple. Too much uncertainty over how they protect their patents.
BUY
BUY
December 11, 2018
Will this correction in Canadian banks continue? They've all been down 5-10% this year. TD just reported strongly with earnings up 13% YOY. TD was questioned about energy and residential loans. The former are well-contained, and mortgage growth is in the single-digits. TD is attractively valued; all the Canadian banks are below historic price-to-earnings or -book. In 2019, she expects all the Canadian banks to catch-up to these metrics. All have increased their dividends. TD has a 45% payout ratio. This year, the banks have been reflecting a lot of bad news, but next year she expects them to catch up. She'd buy TD now.
Show full opinionHide full opinion
Toronto Dominion (TD-T)
December 11, 2018
Will this correction in Canadian banks continue? They've all been down 5-10% this year. TD just reported strongly with earnings up 13% YOY. TD was questioned about energy and residential loans. The former are well-contained, and mortgage growth is in the single-digits. TD is attractively valued; all the Canadian banks are below historic price-to-earnings or -book. In 2019, she expects all the Canadian banks to catch-up to these metrics. All have increased their dividends. TD has a 45% payout ratio. This year, the banks have been reflecting a lot of bad news, but next year she expects them to catch up. She'd buy TD now.
COMMENT
COMMENT
December 11, 2018
POW or PWF for income? Owns PWF for the yield. Neither stock has done much. PWF owns Investors Group and GWL, a solid insurance company. IG had to disclose their fee structure, which was a negative, but is now slowly improving. You can own PWF for the yield, but there's been little price movement. POW owns PWF. The discounts to NAV are wide; she's unsure what the catalyst will be to narrow that. Both dividends are safe.
Show full opinionHide full opinion
POW or PWF for income? Owns PWF for the yield. Neither stock has done much. PWF owns Investors Group and GWL, a solid insurance company. IG had to disclose their fee structure, which was a negative, but is now slowly improving. You can own PWF for the yield, but there's been little price movement. POW owns PWF. The discounts to NAV are wide; she's unsure what the catalyst will be to narrow that. Both dividends are safe.
COMMENT
COMMENT
December 11, 2018
POW or PWF for income? Owns PWF for the yield. Neither stock has done much. PWF owns Investors Group and GWL, a solid insurance company. IG had to disclose their fee structure, which was a negative, but is now slowly improving. You can own PWF for the yield, but there's been little price movement. POW owns PWF. The discounts to NAV are wide; she's unsure what the catalyst will be to narrow that. Both dividends are safe.
Show full opinionHide full opinion
Power Corp (POW-T)
December 11, 2018
POW or PWF for income? Owns PWF for the yield. Neither stock has done much. PWF owns Investors Group and GWL, a solid insurance company. IG had to disclose their fee structure, which was a negative, but is now slowly improving. You can own PWF for the yield, but there's been little price movement. POW owns PWF. The discounts to NAV are wide; she's unsure what the catalyst will be to narrow that. Both dividends are safe.