Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 18, 2019
This is the second largest third-party logistics company after DHL. A family owned company for the most part. They have no net debt. They have a high return on equity. It is dependent on world trade, but he sees this as positive in the long run. Yield 4.3% (Analysts’ price target is $147.00)
This is the second largest third-party logistics company after DHL. A family owned company for the most part. They have no net debt. They have a high return on equity. It is dependent on world trade, but he sees this as positive in the long run. Yield 4.3% (Analysts’ price target is $147.00)
Norman Levine
Managing Director, Portfolio Management Corp
Price
$0.000
Owned
Yes
BUY
BUY
January 18, 2019

Last quarter revenues were a slight miss. Burger King and Popeye's did perform well. He sees 18% EPS growth and it trades at a reasonable 19X. Good growth of stores and they're turning around Horton's. A good grower. It may be close to breaking out.

Last quarter revenues were a slight miss. Burger King and Popeye's did perform well. He sees 18% EPS growth and it trades at a reasonable 19X. Good growth of stores and they're turning around Horton's. A good grower. It may be close to breaking out.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$76.210
Owned
Unknown
BUY
BUY
January 18, 2019
He sees 11% production growth, 8% cash flow per share growth which is not as good as it was, because oil prices have fallen. Good news: trading at 7.4x vs. 9.7x 5-year average. Okay balance sheet, but needs to see a better balance sheet in case the oil price falls. 116% payout ratio for 2020. The dividend is safe-ish. This one of the few dividend oil names you can own.
He sees 11% production growth, 8% cash flow per share growth which is not as good as it was, because oil prices have fallen. Good news: trading at 7.4x vs. 9.7x 5-year average. Okay balance sheet, but needs to see a better balance sheet in case the oil price falls. 116% payout ratio for 2020. The dividend is safe-ish. This one of the few dividend oil names you can own.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$32.670
Owned
Unknown
SPECULATIVE BUY
SPECULATIVE BUY
January 18, 2019
A great company, but the oil price is hurting them. 143% 2020 payout ratio, so the dividend is not safe. 6.5x earnings, cheaper than the past 5 years, but that's high compared to their peers. That said, it's a quality name. You can own this if you expect oil prices to rise.
Arc Resources Ltd (ARX-T)
January 18, 2019
A great company, but the oil price is hurting them. 143% 2020 payout ratio, so the dividend is not safe. 6.5x earnings, cheaper than the past 5 years, but that's high compared to their peers. That said, it's a quality name. You can own this if you expect oil prices to rise.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$9.900
Owned
Unknown
BUY
BUY
January 18, 2019

It'll be flat this year. It's very illiquid, so likely way cheaper than it ought to be. Good balance sheet. Cheap at 8x earnings. The payout ratio is safe. You can buy and win with this.

Wajax Corp (WJX-T)
January 18, 2019

It'll be flat this year. It's very illiquid, so likely way cheaper than it ought to be. Good balance sheet. Cheap at 8x earnings. The payout ratio is safe. You can buy and win with this.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$19.340
Owned
Unknown
COMMENT
COMMENT
January 18, 2019

They've disappointed for a long, long time. Won't see growth until 2020. He sees 1.8% AFFO growth. The balance sheet still carries a little more debt than it should. There are better opportunities out there. If they continue to execute, this should be better in coming years.

They've disappointed for a long, long time. Won't see growth until 2020. He sees 1.8% AFFO growth. The balance sheet still carries a little more debt than it should. There are better opportunities out there. If they continue to execute, this should be better in coming years.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$11.890
Owned
Unknown
HOLD
HOLD
January 18, 2019
What must the price of oil be for this to see a meaningful upside? $60-65 oil. But Alberta has curtailed production. CPG is more sustainable since cutting their dividend to near-zero. Their debt-to-cash is 1.6x, which is better. Remarkably cheapo at 3.2x earnings. But they don't have good cash flow per share growth nor production growth. We've probably seen the worst. The big difference will be the TransMountain pipeline happening. Hold if you already own, but don't enter this.
What must the price of oil be for this to see a meaningful upside? $60-65 oil. But Alberta has curtailed production. CPG is more sustainable since cutting their dividend to near-zero. Their debt-to-cash is 1.6x, which is better. Remarkably cheapo at 3.2x earnings. But they don't have good cash flow per share growth nor production growth. We've probably seen the worst. The big difference will be the TransMountain pipeline happening. Hold if you already own, but don't enter this.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$4.660
Owned
Unknown