Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
December 19, 2018
(A Top Pick Jan 25/18, Down 15%) Their construction made them miss their earnings by 12%. They are exiting that business. Core consulting is increasing. Trading at 14 times. Very cheap.
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Stantec Inc (STN-T)
December 19, 2018
(A Top Pick Jan 25/18, Down 15%) Their construction made them miss their earnings by 12%. They are exiting that business. Core consulting is increasing. Trading at 14 times. Very cheap.
PAST TOP PICK
PAST TOP PICK
December 19, 2018
(A Top Pick Jan 26/18, Up 13%) They executed very well. Q3 was a beat. He is modeling 230% EPS growth. Great name, It trades at a very high multiple. Trading at 133 2020 earnings. he still think it will go higher. Not for the faint of heart.
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Shopify Inc. (SHOP-T)
December 19, 2018
(A Top Pick Jan 26/18, Up 13%) They executed very well. Q3 was a beat. He is modeling 230% EPS growth. Great name, It trades at a very high multiple. Trading at 133 2020 earnings. he still think it will go higher. Not for the faint of heart.
COMMENT
COMMENT
December 19, 2018
Good yield. 65% and declining payout ratio. Balance sheet is improving. Modeling growth of 3.5%. In a normal market, this is not a bad risk/reward place to get some distribution.
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Good yield. 65% and declining payout ratio. Balance sheet is improving. Modeling growth of 3.5%. In a normal market, this is not a bad risk/reward place to get some distribution.
HOLD
HOLD
December 19, 2018
Their payout ratio is fine. Going into 2020 if keeps rising it will reach 80%. Reasonable balance sheet. He doesn't model any growth.
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Inter Pipeline (IPL-T)
December 19, 2018
Their payout ratio is fine. Going into 2020 if keeps rising it will reach 80%. Reasonable balance sheet. He doesn't model any growth.
BUY
BUY
December 19, 2018
He likes their strategy. They have just bought shopping malls in the States. They missed in Q3 and interest rates are to blame. Operationally very sound. If the US economy continues, which is the base case, US office should improve, occupancy should improve. Trading at exceptionally good valuation.
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He likes their strategy. They have just bought shopping malls in the States. They missed in Q3 and interest rates are to blame. Operationally very sound. If the US economy continues, which is the base case, US office should improve, occupancy should improve. Trading at exceptionally good valuation.
BUY
BUY
December 19, 2018
2018 earnings were up by 14%. ROE is at 18%. Premium customer base in Canada. Trading at a premium to the group. The credit cycle is aging. He models growth at 5.5% combined with a nice dividend. At some point investors are going to decide they want to buy.
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Royal Bank (RY-T)
December 19, 2018
2018 earnings were up by 14%. ROE is at 18%. Premium customer base in Canada. Trading at a premium to the group. The credit cycle is aging. He models growth at 5.5% combined with a nice dividend. At some point investors are going to decide they want to buy.
BUY
BUY
December 19, 2018

He see it growing at 12%. 87% and declining payout ratio. High quality asset base. Accretive acquisition upside. It has come down quite a bit.

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He see it growing at 12%. 87% and declining payout ratio. High quality asset base. Accretive acquisition upside. It has come down quite a bit.