Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
February 1, 2019
Too big to be taken over, except by a major, and it's quite independent, so that's a very low chance. Pure gas play, well run, profitable, has growth. Chart is pretty good for an energy stock. But valuations are still extremely low. It's in upper 5% of names, but whole group is out of favour. It will be a long process to make money.
Tourmaline Oil Corp(TOU-T)
February 1, 2019
Too big to be taken over, except by a major, and it's quite independent, so that's a very low chance. Pure gas play, well run, profitable, has growth. Chart is pretty good for an energy stock. But valuations are still extremely low. It's in upper 5% of names, but whole group is out of favour. It will be a long process to make money.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$17.760
Owned
Unknown
HOLD
HOLD
February 1, 2019
There will be either 1 or 2 rate hikes, not 3 or 4. As long as there are no rate surprises, Fortis will be fine. Single digit return.
Fortis Inc.(FTS-T)
February 1, 2019
There will be either 1 or 2 rate hikes, not 3 or 4. As long as there are no rate surprises, Fortis will be fine. Single digit return.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$46.810
Owned
Unknown
DON'T BUY
DON'T BUY
February 1, 2019
When they missed and the stock cratered, he spent time looking at it. He concluded that, given the muted growth with higher valuations, he would buy at $28 and it hasn't reached that. Thinks it will go sideways for a while, but that doesn't make it attractive.
Dollarama Inc.(DOL-T)
February 1, 2019
When they missed and the stock cratered, he spent time looking at it. He concluded that, given the muted growth with higher valuations, he would buy at $28 and it hasn't reached that. Thinks it will go sideways for a while, but that doesn't make it attractive.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$34.800
Owned
No
DON'T BUY
DON'T BUY
February 1, 2019
Two strikes against it: Canadian energy, and the name is in the penalty box because they over-promised and under-delivered. They're doing all the right things, and the assets are good, but nobody cares. It's going to lag. If you like it, buy Tourmaline, or CNQ, or Suncor, or Whitecap.
Two strikes against it: Canadian energy, and the name is in the penalty box because they over-promised and under-delivered. They're doing all the right things, and the assets are good, but nobody cares. It's going to lag. If you like it, buy Tourmaline, or CNQ, or Suncor, or Whitecap.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$3.850
Owned
Unknown
HOLD
HOLD
February 1, 2019
Good for an RRSP? This is solid, pretty nice dividend. The bounce is rate-related. Underperforming the REIT sector. Could see some further upside. A bit of Brookfield "tiredness" out there. Assets are good, and so is the balance sheet. Not expecting loads of growth, but your returns should be positive from here.
Good for an RRSP? This is solid, pretty nice dividend. The bounce is rate-related. Underperforming the REIT sector. Could see some further upside. A bit of Brookfield "tiredness" out there. Assets are good, and so is the balance sheet. Not expecting loads of growth, but your returns should be positive from here.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$23.810
Owned
Unknown
DON'T BUY
DON'T BUY
February 1, 2019
Likes the group. It was crazy expensive. They're like junior mines, they have a run up and then eventually it's messed up by reality. You need to justify the valuation, need about 30% earnings growth over the next 5 years. If you think they're going to be successful, then it's probably fine. So volatile, you need a cheap entry point. Too volatile and expensive for him.
Canopy Growth Corp.(WEED-T)
February 1, 2019
Likes the group. It was crazy expensive. They're like junior mines, they have a run up and then eventually it's messed up by reality. You need to justify the valuation, need about 30% earnings growth over the next 5 years. If you think they're going to be successful, then it's probably fine. So volatile, you need a cheap entry point. Too volatile and expensive for him.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$63.900
Owned
No
COMMENT
COMMENT
February 1, 2019
Of the E&C companies, this is the most US-centric. If you like the US economy in particular, you'd pick this one, though the stock has gone sideways since its run-up. Stantec is the most expensive, SNC is the cheapest, and Aecon is also cheap.
Stantec Inc(STN-T)
February 1, 2019
Of the E&C companies, this is the most US-centric. If you like the US economy in particular, you'd pick this one, though the stock has gone sideways since its run-up. Stantec is the most expensive, SNC is the cheapest, and Aecon is also cheap.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$31.360
Owned
Unknown