Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
January 3, 2019
It was a disappointment in 2018. Their acquisition caused them to take on a lot of debt. People's appetite for debt laden companies came off the table. They restructured and took some debt off the table. The market didn't like their reduction in investment rating by a ratings company. It is still yielding 7% and they have an export terminal and they bought some gas assets that will generate some cash. The only issue is how they will raise money to address their remaining debt.
Altagas Ltd(ALA-T)
January 3, 2019
It was a disappointment in 2018. Their acquisition caused them to take on a lot of debt. People's appetite for debt laden companies came off the table. They restructured and took some debt off the table. The market didn't like their reduction in investment rating by a ratings company. It is still yielding 7% and they have an export terminal and they bought some gas assets that will generate some cash. The only issue is how they will raise money to address their remaining debt.
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$14.090
Owned
Unknown
HOLD
HOLD
January 3, 2019
It was the worst performing bank stock in 2018. It should be the best this year on that basis. At these prices it is at or above 5% yield. It is one of the more domestic banks. The Canadian economy will not be the engine it was. The earnings momentum going forward will be linked to the Canadian economy. He is leaning outside of Canada for future bank investments.
It was the worst performing bank stock in 2018. It should be the best this year on that basis. At these prices it is at or above 5% yield. It is one of the more domestic banks. The Canadian economy will not be the engine it was. The earnings momentum going forward will be linked to the Canadian economy. He is leaning outside of Canada for future bank investments.
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$101.920
Owned
Yes
DON'T BUY
DON'T BUY
January 3, 2019
He sold it in 2018 to move the money into VZ-N. The growth potential for VZ-N was much higher. The BCE-T payout ratio has moved up over the years. We have the highest phone rates in Canada. It gets his out of the Canadian economy. (Analysts’ price target is $59.00)
BCE Inc.(BCE-T)
January 3, 2019
He sold it in 2018 to move the money into VZ-N. The growth potential for VZ-N was much higher. The BCE-T payout ratio has moved up over the years. We have the highest phone rates in Canada. It gets his out of the Canadian economy. (Analysts’ price target is $59.00)
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$54.030
Owned
No
BUY
BUY
January 3, 2019
It is not necessarily as link to the price of oil as are typical energy producers. This is part of the energy index and because it is part of the energy group it has not performed as it should The management has done an exceptional job. As the company has grown the price has not gone up as fast as some of the others. He likes the diversification and what they are doing.
Parkland Fuel Corp(PKI-T)
January 3, 2019
It is not necessarily as link to the price of oil as are typical energy producers. This is part of the energy index and because it is part of the energy group it has not performed as it should The management has done an exceptional job. As the company has grown the price has not gone up as fast as some of the others. He likes the diversification and what they are doing.
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$34.590
Owned
Yes
DON'T BUY
DON'T BUY
January 3, 2019
It is a much more domestic bank. The yield is higher than CM-T and banks don’t typically cut their yields. The problem is if this company can grow. You are buying this purely for the income. Are there better growth opportunities elsewhere? The yield is good.
Laurentian Bank(LB-T)
January 3, 2019
It is a much more domestic bank. The yield is higher than CM-T and banks don’t typically cut their yields. The problem is if this company can grow. You are buying this purely for the income. Are there better growth opportunities elsewhere? The yield is good.
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$38.840
Owned
Unknown
WATCH
WATCH
January 3, 2019
It is one of those fallen darlings of the energy patch. It has a pretty good dividend yield. The management team is very good. They lay out objectives and generally meet them. It may not go up for the next little while but he does not think energy will disappear.
Whitecap Resources(WCP-T)
January 3, 2019
It is one of those fallen darlings of the energy patch. It has a pretty good dividend yield. The management team is very good. They lay out objectives and generally meet them. It may not go up for the next little while but he does not think energy will disappear.
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$4.540
Owned
No
BUY
BUY
January 3, 2019
It is one of those great Canadian companies with a monopoly There is only two companies in Canada. This is a name you should always own because you don’t have a competitive pressure on it. Crude by rail is not a huge impact to either railroad company either way. Earnings have not fallen on CNR-T because they continue to move things regardless of growth rates in China. He buys it because he has cash.
It is one of those great Canadian companies with a monopoly There is only two companies in Canada. This is a name you should always own because you don’t have a competitive pressure on it. Crude by rail is not a huge impact to either railroad company either way. Earnings have not fallen on CNR-T because they continue to move things regardless of growth rates in China. He buys it because he has cash.
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$98.760
Owned
Yes