Latest Expert Opinions

Signal
Opinion
Expert
PARTIAL BUY
PARTIAL BUY
April 11, 2019
The PE is lower than historically. He historically owned CVS-N. The problem with WBA-N is the political noise around drug pricing and these companies are just middlemen. He sold CVS-N a while ago. There is a lot of risk in the names for the next 5 years. Buy a half position in the name and buy the rest on later on weakness.
The PE is lower than historically. He historically owned CVS-N. The problem with WBA-N is the political noise around drug pricing and these companies are just middlemen. He sold CVS-N a while ago. There is a lot of risk in the names for the next 5 years. Buy a half position in the name and buy the rest on later on weakness.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$54.713
Owned
No
BUY
BUY
April 11, 2019
He sold at the end of the year. This has historically been one of the best run companies. They are caught up in the lack of ability to get gas out of the country. You are getting paid to wait. Consider adding to it here. When these stocks go up, they go up a lot.
Arc Resources Ltd(ARX-T)
April 11, 2019
He sold at the end of the year. This has historically been one of the best run companies. They are caught up in the lack of ability to get gas out of the country. You are getting paid to wait. Consider adding to it here. When these stocks go up, they go up a lot.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$9.280
Owned
No
DON'T BUY
DON'T BUY
April 11, 2019
They have a done a good job of growing their footprint internationally. They got caught up in the Canada/China disputes. The issue is the high multiple. If demand changes the stock will get crushed. It is high risk / high reward. He would not go after this.
They have a done a good job of growing their footprint internationally. They got caught up in the Canada/China disputes. The issue is the high multiple. If demand changes the stock will get crushed. It is high risk / high reward. He would not go after this.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$66.130
Owned
No
TOP PICK
TOP PICK
April 11, 2019
It is a play on their growth in the propane business in the northeast. The energy part of their business is about 80% and is the focus. They did a good job with a few acquisitions. The market took it too low. They pay out only half of their earnings. Retail distribution is much better the wholesale. It could move to $13-$14. (Analysts’ price target is $14.39)
It is a play on their growth in the propane business in the northeast. The energy part of their business is about 80% and is the focus. They did a good job with a few acquisitions. The market took it too low. They pay out only half of their earnings. Retail distribution is much better the wholesale. It could move to $13-$14. (Analysts’ price target is $14.39)
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$11.680
Owned
Yes
TOP PICK
TOP PICK
April 11, 2019
He has owned it for a few years. It is still earning about 8%. He likes it because of their European natural gas pricing. They are not exposed to the pipeline issue. He likes the management team and the torque to higher international oil prices. (Analysts’ price target is $42.71)
He has owned it for a few years. It is still earning about 8%. He likes it because of their European natural gas pricing. They are not exposed to the pipeline issue. He likes the management team and the torque to higher international oil prices. (Analysts’ price target is $42.71)
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$33.910
Owned
Yes
TOP PICK
TOP PICK
April 11, 2019
A private equity company. They have a historically good track record. It dropped because of slowness in redeploying money. It is at about a 15% discount to NAV right now. You are buying it at a discount. It will be a great investment for several years out. (Analysts’ price target is $96.11)
Onex Corp(ONEX-T)
April 11, 2019
A private equity company. They have a historically good track record. It dropped because of slowness in redeploying money. It is at about a 15% discount to NAV right now. You are buying it at a discount. It will be a great investment for several years out. (Analysts’ price target is $96.11)
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$77.140
Owned
Yes
PAST TOP PICK
PAST TOP PICK
April 11, 2019
(A Top Pick Apr 04/18, Up 25%) It always grows organically. The knock against it is that grows modestly at 1-3%. They buyback shares and occasionally do tuck-in acqusitions. But their growth rate has accelerated despite Brexit and American trade issues; they still get the deals they want in those territories. It's trading at higher multiples than the past, but they are not egregious and he can live with them.
CGI Group (A)(GIB.A-T)
April 11, 2019
(A Top Pick Apr 04/18, Up 25%) It always grows organically. The knock against it is that grows modestly at 1-3%. They buyback shares and occasionally do tuck-in acqusitions. But their growth rate has accelerated despite Brexit and American trade issues; they still get the deals they want in those territories. It's trading at higher multiples than the past, but they are not egregious and he can live with them.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$92.450
Owned
Yes