Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
March 18, 2019
Dream Industrial REIT vs. BPY Dream is a good asset in a good space with a decent valuation. He likes it, but he prefers BYP for its global focus and better long-term growth. BPY trades at a good valuation. He prefers BPY, but you can buy both.
Dream Industrial REIT vs. BPY Dream is a good asset in a good space with a decent valuation. He likes it, but he prefers BYP for its global focus and better long-term growth. BPY trades at a good valuation. He prefers BPY, but you can buy both.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$11.610
Owned
Unknown
BUY
BUY
March 18, 2019
Dream Industrial REIT vs. BPY Dream is a good asset in a good space with a decent valuation. He likes it, but he prefers BYP for its global focus and better long-term growth. BPY trades at a good valuation. He prefers BPY, but you can buy both.
Dream Industrial REIT vs. BPY Dream is a good asset in a good space with a decent valuation. He likes it, but he prefers BYP for its global focus and better long-term growth. BPY trades at a good valuation. He prefers BPY, but you can buy both.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$26.450
Owned
Unknown
DON'T BUY
DON'T BUY
March 18, 2019
Their attempted Newmont purchase was arrogant, but it worked out for them. They get the joint venture they wanted. It's synergistic. Management foresees more opportunities. Q4 earnings were up. Guidance shows higher operating costs and taxes--negatives. He needs to see the price of gold move, really break out. He needs to see evidence that ABX has turned the corner after years of not doing a good job for shareholders.
Barrick Gold (ABX-T)
March 18, 2019
Their attempted Newmont purchase was arrogant, but it worked out for them. They get the joint venture they wanted. It's synergistic. Management foresees more opportunities. Q4 earnings were up. Guidance shows higher operating costs and taxes--negatives. He needs to see the price of gold move, really break out. He needs to see evidence that ABX has turned the corner after years of not doing a good job for shareholders.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$17.370
Owned
Unknown
BUY
BUY
March 18, 2019
The cons: They missed trading revenue and their wholesale statement in their latest report, though all Canadian banks did. The pros: Only 8% of their business mix is wholesale; trading is 5% of that; both those headwinds are now tailwinds. Most importantly Canadian P&C was up 9%, which is a key metric. They bumped their dividend 10%. TD's balance sheet is probably the best of this group. He see 6% EPS growth.
Toronto Dominion (TD-T)
March 18, 2019
The cons: They missed trading revenue and their wholesale statement in their latest report, though all Canadian banks did. The pros: Only 8% of their business mix is wholesale; trading is 5% of that; both those headwinds are now tailwinds. Most importantly Canadian P&C was up 9%, which is a key metric. They bumped their dividend 10%. TD's balance sheet is probably the best of this group. He see 6% EPS growth.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$76.100
Owned
Unknown
COMMENT
COMMENT
March 18, 2019
It's a great way to play gold. Gold has been out of favour for 6-7 years. When we hit the next recession, gold will likely revive. It's hard to call these things.
It's a great way to play gold. Gold has been out of favour for 6-7 years. When we hit the next recession, gold will likely revive. It's hard to call these things.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$12.010
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
March 18, 2019
(A Top Pick Mar 29/18, Up 15%) They're buying back shares. He sees 9% AFFO growth. Trades at a reasonable 14.7x. It's only fault is high leverage with a high payout ratio, but they're selling assets to take care of that. The high US dollar and rising rates are no longer headwinds.
(A Top Pick Mar 29/18, Up 15%) They're buying back shares. He sees 9% AFFO growth. Trades at a reasonable 14.7x. It's only fault is high leverage with a high payout ratio, but they're selling assets to take care of that. The high US dollar and rising rates are no longer headwinds.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$26.450
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
March 18, 2019
(A Top Pick Mar 29/18, Up 28%) They beat in Q4, earnings up nearly 16%. They can grow their earnings 15% compounded annually.
(A Top Pick Mar 29/18, Up 28%) They beat in Q4, earnings up nearly 16%. They can grow their earnings 15% compounded annually.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$117.960
Owned
Yes