Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
March 26, 2019
Canadian consumer debt close to an all-time high. Haven't seen the big housing downturn. Mortgages are huge business for them. If we see sustained housing decline, it will have a negative impact. Would take something major for any Canadian bank to take a hit to earnings. A major bank has never decreased its dividend, and you're not going to see it anytime soon.
Toronto Dominion (TD-T)
March 26, 2019
Canadian consumer debt close to an all-time high. Haven't seen the big housing downturn. Mortgages are huge business for them. If we see sustained housing decline, it will have a negative impact. Would take something major for any Canadian bank to take a hit to earnings. A major bank has never decreased its dividend, and you're not going to see it anytime soon.
Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$73.670
Owned
Unknown
BUY
BUY
March 26, 2019
Suffering from European malaise, plus flat or inverted yield curve. Earnings are very strong, dividend is very attractive, north of 5%, and well covered. Tends to stay out of trouble, retail bank. Great stock with a great dividend. Time to buy is now, when it has a single digit multiple. Solving Brexit should be a positive for European stocks in general.
ING Groep NV (ING-N)
March 26, 2019
Suffering from European malaise, plus flat or inverted yield curve. Earnings are very strong, dividend is very attractive, north of 5%, and well covered. Tends to stay out of trouble, retail bank. Great stock with a great dividend. Time to buy is now, when it has a single digit multiple. Solving Brexit should be a positive for European stocks in general.
Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$11.890
Owned
Unknown
BUY
BUY
March 26, 2019
Buys for new clients. 6% dividend. Profitable at $50 oil. Generates so much cash flow, deleveraging balance sheet, buying back stock, and making investments.
Buys for new clients. 6% dividend. Profitable at $50 oil. Generates so much cash flow, deleveraging balance sheet, buying back stock, and making investments.
Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$63.200
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 26, 2019
(A Top Pick Apr 09/18, Down 23%) Yield curve inversion has put banks out of favour. Malaysia scandal is weighing on the stock. World's best investment bank, at a single digit multiple, looks compelling.
Goldman Sachs (GS-N)
March 26, 2019
(A Top Pick Apr 09/18, Down 23%) Yield curve inversion has put banks out of favour. Malaysia scandal is weighing on the stock. World's best investment bank, at a single digit multiple, looks compelling.
Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$190.690
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 26, 2019
(A Top Pick Apr 09/18, Up 33%) Phenomenal free cash flow. Moving into security, which is a massive area. Buying back shares, and increasing dividend by 10% a year. Likes it, but not as cheap as it was. 20x earnings. Margins are staying hefty. He focuses on valuation, and makes sure not to outstay their welcome if things get too pricey.
Cisco (CSCO-Q)
March 26, 2019
(A Top Pick Apr 09/18, Up 33%) Phenomenal free cash flow. Moving into security, which is a massive area. Buying back shares, and increasing dividend by 10% a year. Likes it, but not as cheap as it was. 20x earnings. Margins are staying hefty. He focuses on valuation, and makes sure not to outstay their welcome if things get too pricey.
Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$53.230
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 26, 2019
(A Top Pick Apr 09/18, Down 12%) Japanese small caps fell during last quarter. Great rally so far this year. Extremely cheap stock. Japanese stocks have been responsible for a good chunk of his portfolio's performance. Compelling market as a whole. Have to stick with them despite the volatility.
(A Top Pick Apr 09/18, Down 12%) Japanese small caps fell during last quarter. Great rally so far this year. Extremely cheap stock. Japanese stocks have been responsible for a good chunk of his portfolio's performance. Compelling market as a whole. Have to stick with them despite the volatility.
Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$1300.000
Owned
Yes
DON'T BUY
DON'T BUY
March 26, 2019
For US high-yield bonds, he hedges the currency. No sense buying a US high-yield bond fund, if the CAD rises from the 75 cent level. There is a US high-yield bond ETF that hedges the currency so you don't get burned if the US dollar softens up. He doesn't think XHY hedges, but check. Do not buy US bonds unless you're going to have a currency hedge.
For US high-yield bonds, he hedges the currency. No sense buying a US high-yield bond fund, if the CAD rises from the 75 cent level. There is a US high-yield bond ETF that hedges the currency so you don't get burned if the US dollar softens up. He doesn't think XHY hedges, but check. Do not buy US bonds unless you're going to have a currency hedge.
Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$19.000
Owned
Unknown