Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
June 13, 2019
It has a strong position but in an industry that is in a secular decline. In the US we are seeing the same. The box office is not growing so they need to increase the ancillary revenues. He likes the strategy of the rec room and increase sales in liquor and pop corn. Still not enough for him to be a sleep well at night stock. (Analysts’ price target is $31.05)
Cineplex Inc (CGX-T)
June 13, 2019
It has a strong position but in an industry that is in a secular decline. In the US we are seeing the same. The box office is not growing so they need to increase the ancillary revenues. He likes the strategy of the rec room and increase sales in liquor and pop corn. Still not enough for him to be a sleep well at night stock. (Analysts’ price target is $31.05)
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$23.690
Owned
No
DON'T BUY
DON'T BUY
June 13, 2019
Most gold producers are serial destroyers of capital. Gold is kind of an anti-US dollar hedge and there is a benefit in owning in the portfolio.
Most gold producers are serial destroyers of capital. Gold is kind of an anti-US dollar hedge and there is a benefit in owning in the portfolio.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$12.730
Owned
No
DON'T BUY
DON'T BUY
June 13, 2019
They sold it because they are involved in a $3.5B mega project in Alberta that will take 3-4 years to finalize and start generating the $500M expected.
They sold it because they are involved in a $3.5B mega project in Alberta that will take 3-4 years to finalize and start generating the $500M expected.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$20.000
Owned
No
BUY
BUY
June 13, 2019
It is the kind of stock to buy in a pullback. Lots of respect for the company. It is timely here.
It is the kind of stock to buy in a pullback. Lots of respect for the company. It is timely here.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$121.720
Owned
No
TOP PICK
TOP PICK
June 13, 2019

Largest bank in Canada and largest company in Canada and one of the ten largest banks in the world. Well diversified. Core part of their portfolio. Well governed oligopoly. It operates the leading wealth management business in the country. They are leaders in digital and AI. Dividend yield is 4% and grows at a 7% clip a year. Very comfortable buying it now. (Analysts’ price target is $111.21)

Royal Bank (RY-T)
June 13, 2019

Largest bank in Canada and largest company in Canada and one of the ten largest banks in the world. Well diversified. Core part of their portfolio. Well governed oligopoly. It operates the leading wealth management business in the country. They are leaders in digital and AI. Dividend yield is 4% and grows at a 7% clip a year. Very comfortable buying it now. (Analysts’ price target is $111.21)

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$103.030
Owned
Yes
TOP PICK
TOP PICK
June 13, 2019
It has been a ten-bagger since the IPO. Had a couple of tough quarters in the last year. A new addition in their portfolio. 1,200 stores in Canada. They are excellent at logistics, procurement and merchandising. They have a joint-venture in Central America with an option to take control of Dollar City next year. A good entry point. (Analysts’ price target is $44.67)
It has been a ten-bagger since the IPO. Had a couple of tough quarters in the last year. A new addition in their portfolio. 1,200 stores in Canada. They are excellent at logistics, procurement and merchandising. They have a joint-venture in Central America with an option to take control of Dollar City next year. A good entry point. (Analysts’ price target is $44.67)
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$46.990
Owned
Yes
TOP PICK
TOP PICK
June 13, 2019
They continue to be highly profitable in the packaging business. They have grown earnings ten fold over the last decade. They had been struggling with their input costs but that is behind now. Estimated P/E is 22. Buy with confidence here. (Analysts’ price target is $67.33)
They continue to be highly profitable in the packaging business. They have grown earnings ten fold over the last decade. They had been struggling with their input costs but that is behind now. Estimated P/E is 22. Buy with confidence here. (Analysts’ price target is $67.33)
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$64.060
Owned
Yes