Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
March 13, 2019
Doesn't know this well. It pays a safe, decent yield. It ran up recently. One question is renewing their Air Canada deal later and renewals make investors jittery.
Doesn't know this well. It pays a safe, decent yield. It ran up recently. One question is renewing their Air Canada deal later and renewals make investors jittery.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$7.210
Owned
No
DON'T BUY
DON'T BUY
March 13, 2019
He follows it closely. They made a lot of money from distress housing in the States after 2008. They pay a reasonable dividend. But TCN has gone nowhere, because US housing hasn't gone anywhere either. People are still burnt from the Recession.
He follows it closely. They made a lot of money from distress housing in the States after 2008. They pay a reasonable dividend. But TCN has gone nowhere, because US housing hasn't gone anywhere either. People are still burnt from the Recession.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$11.440
Owned
No
WEAK BUY
WEAK BUY
March 13, 2019
3-5-year horizon, given Ontario government planning $30-billion infrastructure spending A good company that will do well in that time horizon. Caveat: Capex projects like the one Ontario is announcing take a long time to get going. Instead, look at an infrastructure's backlog of projects--buy when that backlog is going up.
Aecon Group Inc(ARE-T)
March 13, 2019
3-5-year horizon, given Ontario government planning $30-billion infrastructure spending A good company that will do well in that time horizon. Caveat: Capex projects like the one Ontario is announcing take a long time to get going. Instead, look at an infrastructure's backlog of projects--buy when that backlog is going up.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$18.350
Owned
No
COMMENT
COMMENT
March 13, 2019
A good royalty company that pays over a 7% yield (safe), with a payout ratio over 60%. They carry no debt. The only problem with their model happens when their oil drillers don't drill, as they did last year. If this happens, collect the yield and wait.
A good royalty company that pays over a 7% yield (safe), with a payout ratio over 60%. They carry no debt. The only problem with their model happens when their oil drillers don't drill, as they did last year. If this happens, collect the yield and wait.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$8.680
Owned
Yes
DON'T BUY
DON'T BUY
March 13, 2019
He once owned it. They were good at growing assets and production, but they issued a lot of equity to do this. When oil prices rolled over, CPG got hurt; their debt levels went through the roof and got into a bind. New management is selling assets and cutting the dividend to deal with this problem. It'll be a struggle for them for a while. They have more assets they can sell, but buyers think they can get them cheaper.
He once owned it. They were good at growing assets and production, but they issued a lot of equity to do this. When oil prices rolled over, CPG got hurt; their debt levels went through the roof and got into a bind. New management is selling assets and cutting the dividend to deal with this problem. It'll be a struggle for them for a while. They have more assets they can sell, but buyers think they can get them cheaper.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$4.070
Owned
No
PAST TOP PICK
PAST TOP PICK
March 13, 2019
(A Top Pick Mar 07/18, Up 3%) Doing okay like all the Canadian banks. He likes TD's recent 10% dividend increase. It surprised last quarter being on the downside, because their capital markets were a lot worse than the other banks'. Still likes it.
Toronto Dominion(TD-T)
March 13, 2019
(A Top Pick Mar 07/18, Up 3%) Doing okay like all the Canadian banks. He likes TD's recent 10% dividend increase. It surprised last quarter being on the downside, because their capital markets were a lot worse than the other banks'. Still likes it.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$75.160
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 13, 2019
(A Top Pick Mar 07/18, Up 27%) Benefitted from shipping more oil by train (and the lack of pipelines). Their system was overloaded, but they've since spent money on more trains, so volumes have risen, all wonderful.
(A Top Pick Mar 07/18, Up 27%) Benefitted from shipping more oil by train (and the lack of pipelines). Their system was overloaded, but they've since spent money on more trains, so volumes have risen, all wonderful.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$117.400
Owned
Yes