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N/A
Market. When you look at the facts it is difficult to make an argument on how the next few years will be as fruitful as the last few. The market is tired, exhausted, out of steam and is running out of catalysts as to why it should go higher and higher. He is realistic with his expectations now. When volatility does subside, we still can't have the same expectations for equities because the catalysts just aren't there. He invests 1/3rd Canada and 2/3rds US. He does not think we will be entering any kind of commodity boom.
Kash PashootanUnknown
COMMENT
There is still lots of room for penetration in the credit card space in terms of the consumer not using cash but using plastic. You have to look at it long term. He feels there is still more upside. It's up 30% this year. V-N has a larger market share and has not had the same year as MA-T. You could say you are buying V-N at a slightly less rich a valuation. You will do fine on both long term. He does not own V-N because the dividend is less than 1%.
other services
BUY
This is a portfolio anchor type of company. It is defensive and pays a great dividend for a US equity. If you want to make a bet on Pharma you would not use this one because there are two other businesses in there. These other two businesses give it some diversification. It is a good long term play.
biotechnologypharmaceutical
DON'T BUY
It is not one he owns or sees a lot of opportunity in. Most investors stop doing due diligence after they see the dividend yield. You lose more on the back end than you make on the dividend. We need more pipelines to be built for them to grow their top line. He stays away because he cannot see where future growth comes from.
oilgas pipelines
BUY
It is a portfolio anchor. They consistently raise the dividend. They have first mover advantage in terms of going into the US. They were quite successful. He invests 20% in financials. The dividends are safe. There has been a pull back in TD-T. Longer term you will do fine with this name. Don't be enthusiastic about over-weighting the name just because it pulled back. There will be volatility in the short term. There are other Canadian banks with higher yields.
banks
BUY
It has been a rough ride over the last year, down over 40%. It has run up and then missed on earnings. It is a recession proof business. He is a buyer at these levels. It's an entry point.
Kash PashootanOwned
Automotive
PARTIAL BUY
He likes this name. You get a reasonable dividend. It had a great year. It makes him hit the pause button and be more patient before buying more. He would step in with a half position and be patient with the other half.
Kash PashootanOwned
Transportation
PAST TOP PICK
(A Top Pick Jan 10/18, Down 14%) A lot has changed from the first half of the year to the last half of the year. He was trimming his position. He is not as enthusiastic about this name as he was earlier in the year.
Kash PashootanOwned
Automotive
PAST TOP PICK
(A Top Pick Jan 10/18, Down 23%) He lightened up on this one due to economic factors.
Kash PashootanOwned
INDUSTRIAL PRODUCTS
PAST TOP PICK
(A Top Pick Jan 10/18, Up 1%) You need to be careful in the semiconductor space. He is still buy it and believes in it longer term.
Kash PashootanOwned
0
DON'T BUY
It got an upgrade from JP Morgan today. The upgrade is going from really bad to a little bit less bad so don't treat it as a catalyst. It is down about 60% in 2018. The drop was due to challenged management and then they spent a lot of money on acquisitions. Most people don’t know what GE-N now does, what business they are in. There is no clear path as to what the business will look like in 2 or 5 years from now. It is speculative in terms of whether it is near the bottom.
electricalelectronic
BUY
Anything in the auto space has been quite challenged. He feels this is one of the more conservative ways to play the auto sector. It is cheap on a valuation basis. They are into driver autonomy and electrification and are a leader in these. You need to be patient with it because auto sales will not go through the roof any time soon.
Kash PashootanOwned
Automotive
BUY
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