Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
February 26, 2019
(A Top Pick Feb 22/18, Up 1%) He just sold it last week. All of his returns came from the dividend. They're building a giant petrochemical plant in Alberta, which is a big capital expenditure. To pay for this in part, IPL is deferring dividend payments. Also, a new competitor in Alberta and Saskatchewan is taking on their oil pipeline business, which triggered his sell. Also, their storage business in Europe is struggling with storage capacity. The dividend is safe, but he doesn't see growth in the business.
Inter Pipeline (IPL-T)
February 26, 2019
(A Top Pick Feb 22/18, Up 1%) He just sold it last week. All of his returns came from the dividend. They're building a giant petrochemical plant in Alberta, which is a big capital expenditure. To pay for this in part, IPL is deferring dividend payments. Also, a new competitor in Alberta and Saskatchewan is taking on their oil pipeline business, which triggered his sell. Also, their storage business in Europe is struggling with storage capacity. The dividend is safe, but he doesn't see growth in the business.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$21.100
Owned
No
PAST TOP PICK
PAST TOP PICK
February 26, 2019
(A Top Pick Feb 22/18, Up 9%) He's happy with this. They report in two days. He likes TD's strong Canadian banking franchise as well as their US operations. $1.71 EPS is the street's expectation which would be 10% YOY growth and would lead its sector. TD is among the top three Canadian banks, best of breed.
Toronto Dominion (TD-T)
February 26, 2019
(A Top Pick Feb 22/18, Up 9%) He's happy with this. They report in two days. He likes TD's strong Canadian banking franchise as well as their US operations. $1.71 EPS is the street's expectation which would be 10% YOY growth and would lead its sector. TD is among the top three Canadian banks, best of breed.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$76.720
Owned
Yes
DON'T BUY
DON'T BUY
February 26, 2019
Has the run-up been too far, too fast? He sold it last summer around $223 due to high expectations and valuation. The stock was struggling to break above $230. It's a a volatile stock that plunged to $160 in December 2018. The valuation is now about 1000x PE. Will this be the next Amazon--or not? If not, then it's likely overvalued. True, Shopify is likely the best homegrown tech story in Canada. If you own this, lighten up now. If you don't, then sit on your hands.
Shopify Inc. (SHOP-T)
February 26, 2019
Has the run-up been too far, too fast? He sold it last summer around $223 due to high expectations and valuation. The stock was struggling to break above $230. It's a a volatile stock that plunged to $160 in December 2018. The valuation is now about 1000x PE. Will this be the next Amazon--or not? If not, then it's likely overvalued. True, Shopify is likely the best homegrown tech story in Canada. If you own this, lighten up now. If you don't, then sit on your hands.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$244.140
Owned
No
DON'T BUY
DON'T BUY
February 26, 2019
The market de-rated this stock after last fall after making a big purchase in the U.S. which is a good idea because nat. gas But this purchase was too expensive and the market isn't confident Encana can integrate this company. There's also a long-term risk of oversupply in natural gas.
Encana Corp (ECA-T)
February 26, 2019
The market de-rated this stock after last fall after making a big purchase in the U.S. which is a good idea because nat. gas But this purchase was too expensive and the market isn't confident Encana can integrate this company. There's also a long-term risk of oversupply in natural gas.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$9.180
Owned
No
DON'T BUY
DON'T BUY
February 26, 2019
ALA has recently risen from the low-teens to $16 He sold this in 2016. He didn't know it then, but ALA bought a big utility in Washington. They are de-leveraging when many other companies are. He isn't fond of the cost of that utility. They just changed CEO's under strange circumstances. The CEO has cut the dividend, but not enough has changed for him. Take profits or don't own.
Altagas Ltd (ALA-T)
February 26, 2019
ALA has recently risen from the low-teens to $16 He sold this in 2016. He didn't know it then, but ALA bought a big utility in Washington. They are de-leveraging when many other companies are. He isn't fond of the cost of that utility. They just changed CEO's under strange circumstances. The CEO has cut the dividend, but not enough has changed for him. Take profits or don't own.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$16.200
Owned
No
WEAK BUY
WEAK BUY
February 26, 2019
They produce in France, not western Canada, and are exposed to international oil prices, not WCS. VET is respectible in their sector, but he prefers Parex. But anyone selling at international oil prices deserves a nod.
They produce in France, not western Canada, and are exposed to international oil prices, not WCS. VET is respectible in their sector, but he prefers Parex. But anyone selling at international oil prices deserves a nod.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$33.290
Owned
No
COMMENT
COMMENT
February 26, 2019
No, retail is not going out of fashion. HR will work out okay and will grind out a slowly growing dividend. The fear out there is that Amazon will destroy all retail--but that's unfounded. Also, HR diversifies into building condos too. A safe dividend, but with modest growth prospects.
No, retail is not going out of fashion. HR will work out okay and will grind out a slowly growing dividend. The fear out there is that Amazon will destroy all retail--but that's unfounded. Also, HR diversifies into building condos too. A safe dividend, but with modest growth prospects.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$22.750
Owned
Unknown