Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
January 18, 2019
Growing dividend 5% annually, with 9% AFFO growth. 14.6x valuation. High-quality REIT, a play on U.S. office. They break old malls and re-package them. This is defence as well as offence.
Growing dividend 5% annually, with 9% AFFO growth. 14.6x valuation. High-quality REIT, a play on U.S. office. They break old malls and re-package them. This is defence as well as offence.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$23.140
Owned
Unknown
BUY
BUY
January 18, 2019

The short-seller raising the lawsuit is an old issue; he strongly doubts this lawsuit will hurt MFC. MFC is cheaper than its peers, trading at 8x. He sees 8% growth and dividend growth. Their only issue is their John Hancock purchase. They're growing in Asia. Won't hurt you long-term. Very cheap now. He likes it here.

Manulife Financial(MFC-T)
January 18, 2019

The short-seller raising the lawsuit is an old issue; he strongly doubts this lawsuit will hurt MFC. MFC is cheaper than its peers, trading at 8x. He sees 8% growth and dividend growth. Their only issue is their John Hancock purchase. They're growing in Asia. Won't hurt you long-term. Very cheap now. He likes it here.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$21.380
Owned
Unknown
BUY
BUY
January 18, 2019
Had too much debt a year ago, but they've made asset sales and made progress with line 3. He sees 7% EPS growth, trading at 16x. 61% payout ratio, so a safe dividend that will likely grow. Only issue is their growth isn't as high as before. Not cheap at 16x earnings. Middling value though a quality name.
Enbridge(ENB-T)
January 18, 2019
Had too much debt a year ago, but they've made asset sales and made progress with line 3. He sees 7% EPS growth, trading at 16x. 61% payout ratio, so a safe dividend that will likely grow. Only issue is their growth isn't as high as before. Not cheap at 16x earnings. Middling value though a quality name.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$47.910
Owned
Unknown
HOLD
HOLD
January 18, 2019
They cut their payout by 50% and are selling lots of assets to reduce debt. He sees growth of 0.8%. It's very cheap and trading at a discount. A safe hold and safe dividend.
They cut their payout by 50% and are selling lots of assets to reduce debt. He sees growth of 0.8%. It's very cheap and trading at a discount. A safe hold and safe dividend.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$10.120
Owned
Unknown
COMMENT
COMMENT
January 18, 2019

D.UN vs DRG.UN D.UN isn't cheap at 19.2x. It's improved its asset base to higher quality, focusing on Toronto. Decent 6% growth. They've already had their big move though. DRG.UN has room to go, in contrast. It's a play on Germany and Holland. He see grow and slightly lower growth, but a much cheaper valuation than D.UN AT 14.5x. Similar balance sheets. Safe payout ratio. He prefers D.UN.

Dream Office REIT(D.UN-T)
January 18, 2019

D.UN vs DRG.UN D.UN isn't cheap at 19.2x. It's improved its asset base to higher quality, focusing on Toronto. Decent 6% growth. They've already had their big move though. DRG.UN has room to go, in contrast. It's a play on Germany and Holland. He see grow and slightly lower growth, but a much cheaper valuation than D.UN AT 14.5x. Similar balance sheets. Safe payout ratio. He prefers D.UN.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$22.870
Owned
Unknown
BUY
BUY
January 18, 2019
High quality. They can fund their capex with their own cash flow. Their projects are low-profile and don't attract opposition like Keystone. Strong balance sheet. Decen 8% growth rate this year. Dividend growth. Only problem is their tax pools that they use to shelter taxes are being used up faster than expected.
High quality. They can fund their capex with their own cash flow. Their projects are low-profile and don't attract opposition like Keystone. Strong balance sheet. Decen 8% growth rate this year. Dividend growth. Only problem is their tax pools that they use to shelter taxes are being used up faster than expected.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$45.330
Owned
Unknown
BUY
BUY
January 18, 2019
This has a moat. It's had a nice run recently, though he didn't expect it to have fallen this far to start with. Given all their spending, 2019 will be flat. Be he sees 15% growth beyond 2019. Trades at a fair 17x. A very high-quality company. You can add to it here. It may get cheaper, but you can buy now.
Facebook(FB-Q)
January 18, 2019
This has a moat. It's had a nice run recently, though he didn't expect it to have fallen this far to start with. Given all their spending, 2019 will be flat. Be he sees 15% growth beyond 2019. Trades at a fair 17x. A very high-quality company. You can add to it here. It may get cheaper, but you can buy now.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$150.040
Owned
Unknown