Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 27, 2019
A past top pick. They were doing well in Canada, but not the U.S. They changed their management team, which meant a few quarters of weak US growth, so he sold at a loss. Now, it looks a little interesting as the stock gets closer to being fully valued. He hasn't followed it recently.
IBI Group(IBG-T)
February 27, 2019
A past top pick. They were doing well in Canada, but not the U.S. They changed their management team, which meant a few quarters of weak US growth, so he sold at a loss. Now, it looks a little interesting as the stock gets closer to being fully valued. He hasn't followed it recently.
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$4.850
Owned
No
DON'T BUY
DON'T BUY
February 27, 2019
BNS missed its earnings earlier this week, so is it a buying opportunity? For the first time in years, he's owned BMO which he prefers. Valuations of all the banks fell to a good level in December, so he bought. BNS is his least-favourite bank, having made poor acquisitions in the last few years. They didn't execute in the past quarter, unlike its peers. You don't need to unload this stock, though.
Bank of Nova Scotia(BNS-T)
February 27, 2019
BNS missed its earnings earlier this week, so is it a buying opportunity? For the first time in years, he's owned BMO which he prefers. Valuations of all the banks fell to a good level in December, so he bought. BNS is his least-favourite bank, having made poor acquisitions in the last few years. They didn't execute in the past quarter, unlike its peers. You don't need to unload this stock, though.
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$72.720
Owned
No
BUY
BUY
February 27, 2019
It's a top pick tonight. He likes the packaging stocks which is getting past a rough quarter where there were recession fears and rising costs due to rising oil prices. But these stocks will leave this behind and regain strength. More details on CCL in his top picks.
CCL Industries (B)(CCL.B-T)
February 27, 2019
It's a top pick tonight. He likes the packaging stocks which is getting past a rough quarter where there were recession fears and rising costs due to rising oil prices. But these stocks will leave this behind and regain strength. More details on CCL in his top picks.
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$54.850
Owned
Yes
BUY
BUY
February 27, 2019
Likes it. Canadian financials had a gift in Q4. The short report, he can't comment on it because he doesn't know enough. They've been executing well and buying back an insane number of shares. It's one of his largest positions. He liked their last quarter and they will continue buybacks.
Manulife Financial(MFC-T)
February 27, 2019
Likes it. Canadian financials had a gift in Q4. The short report, he can't comment on it because he doesn't know enough. They've been executing well and buying back an insane number of shares. It's one of his largest positions. He liked their last quarter and they will continue buybacks.
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$22.460
Owned
Yes
WATCH
WATCH
February 27, 2019
A great Canadian story. Managerment has executed on everything. They've been pushing into the US and Caribbean, buying asset, though he can't tell how that will effect their next report. They've been buying assets like gas stations that came with refineries. That's great because it creates vertical integration, but it comes with a crack spread, which creates positivity. So analysts built that into their estimates and the stock got a little ahead of themselves. He's excited to see how tomorrow's report is. He may buy. They've been shrewd buyers. A long-term buy.
Parkland Fuel Corp(PKI-T)
February 27, 2019
A great Canadian story. Managerment has executed on everything. They've been pushing into the US and Caribbean, buying asset, though he can't tell how that will effect their next report. They've been buying assets like gas stations that came with refineries. That's great because it creates vertical integration, but it comes with a crack spread, which creates positivity. So analysts built that into their estimates and the stock got a little ahead of themselves. He's excited to see how tomorrow's report is. He may buy. They've been shrewd buyers. A long-term buy.
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$37.250
Owned
No
BUY
BUY
February 27, 2019
Will the 5G conversion hurt the telcos? A challenge but also an opportunity for them. Look at how much capital they can tap, which BCE can without problem. Their stock price doesn't indicate that there's a big risk on the horizon. A great company with a fine dividend. You can buy and hold this and it will weather a recession. A big holding of his.
BCE Inc.(BCE-T)
February 27, 2019
Will the 5G conversion hurt the telcos? A challenge but also an opportunity for them. Look at how much capital they can tap, which BCE can without problem. Their stock price doesn't indicate that there's a big risk on the horizon. A great company with a fine dividend. You can buy and hold this and it will weather a recession. A big holding of his.
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$58.420
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 27, 2019
(A Top Pick Apr 24/18, Up 9%) Not followed much, but he stands by this stock. A great business plan that managers have executed. A growth by acquisition story that has tripled its market cap to $500 million since he bought it. They do HR, admin and consulting. Done a great job integrating purchases. Their runway is long. Think it'll hit $10-15 in 4-5 years or bought out by a lifeco.
People Corp.(PEO-X)
February 27, 2019
(A Top Pick Apr 24/18, Up 9%) Not followed much, but he stands by this stock. A great business plan that managers have executed. A growth by acquisition story that has tripled its market cap to $500 million since he bought it. They do HR, admin and consulting. Done a great job integrating purchases. Their runway is long. Think it'll hit $10-15 in 4-5 years or bought out by a lifeco.
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$7.880
Owned
Yes