Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
June 18, 2019

Which North American rail to buy? He used to own CSX. Rails are a good sector--more fuel-efficient than trucking. CNR is the best rail stock in Canada. Rails are a good investment. He's a little nervious that Canadian rails carry so much oil, because he's not a fan of commodities.

Which North American rail to buy? He used to own CSX. Rails are a good sector--more fuel-efficient than trucking. CNR is the best rail stock in Canada. Rails are a good investment. He's a little nervious that Canadian rails carry so much oil, because he's not a fan of commodities.

David Baskin
President, Baskin Wealth Management
Price
$122.730
Owned
Yes
DON'T BUY
DON'T BUY
June 18, 2019
CEO Gerry Schwartz finally got his airline. Onex knows airlines very well; it made a lot of money in that business. Airlines are an oligopoly in Canada and getting more profitable all the time. But Onex pays a meager dividend, 0.5%. They can afford to pay more. It's a huge conglomerate with many holdings, so hard to analyze. Some says Onex is trading at a discount to its parts.
Onex Corp (ONEX-T)
June 18, 2019
CEO Gerry Schwartz finally got his airline. Onex knows airlines very well; it made a lot of money in that business. Airlines are an oligopoly in Canada and getting more profitable all the time. But Onex pays a meager dividend, 0.5%. They can afford to pay more. It's a huge conglomerate with many holdings, so hard to analyze. Some says Onex is trading at a discount to its parts.
David Baskin
President, Baskin Wealth Management
Price
$77.030
Owned
No
SELL
SELL
June 18, 2019
Oil field services are no longer profitable, given too much capacity in the Canadian oil patch. Write this off against your capital gains.
Oil field services are no longer profitable, given too much capacity in the Canadian oil patch. Write this off against your capital gains.
David Baskin
President, Baskin Wealth Management
Price
$1.190
Owned
No
COMMENT
COMMENT
June 18, 2019
They always bad a bad rep among Canadian banks, but it's doing better lately, trading a full point ahead in yield vs. its peers. It has the best valuation among Canadian banks. CM's big exposure to Canadian mortgages and fears of massive defaults? He doesn't worry, because the CMHC protects mortgages here, and many mortgages have a good loan-to-value ratio.
They always bad a bad rep among Canadian banks, but it's doing better lately, trading a full point ahead in yield vs. its peers. It has the best valuation among Canadian banks. CM's big exposure to Canadian mortgages and fears of massive defaults? He doesn't worry, because the CMHC protects mortgages here, and many mortgages have a good loan-to-value ratio.
David Baskin
President, Baskin Wealth Management
Price
$104.350
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
June 18, 2019
All the Canadian telcos took a hit when Rogers came out with a much-lower data plan. Now's a good time to buy Rogers. The sports part of Rogers is a distraction that has little effect on the stock, even the Raptors' championship. Sports revenue is not that huge compared to Rogers' overall revenues.
All the Canadian telcos took a hit when Rogers came out with a much-lower data plan. Now's a good time to buy Rogers. The sports part of Rogers is a distraction that has little effect on the stock, even the Raptors' championship. Sports revenue is not that huge compared to Rogers' overall revenues.
David Baskin
President, Baskin Wealth Management
Price
$70.240
Owned
Unknown
TOP PICK
TOP PICK
June 18, 2019
An unusual pick for him: Amazon doesn't pay a dividend and trades at a massive 70x forward earnings. What works for him is that Amazon has a huge future ahead. It's increasingly an advertiser; it makes a lot of money in Prime memberships; it pioneered cloud computing which is still in its infancy. He finally pulled the trigger on this after five years of watching it. (Analysts’ price target is $2249.27)
Amazon.com (AMZN-Q)
June 18, 2019
An unusual pick for him: Amazon doesn't pay a dividend and trades at a massive 70x forward earnings. What works for him is that Amazon has a huge future ahead. It's increasingly an advertiser; it makes a lot of money in Prime memberships; it pioneered cloud computing which is still in its infancy. He finally pulled the trigger on this after five years of watching it. (Analysts’ price target is $2249.27)
David Baskin
President, Baskin Wealth Management
Price
$1901.370
Owned
Yes
TOP PICK
TOP PICK
June 18, 2019
Nobody has replaced wooden railway ties, which regularly wear out--and SJ supplies them. He expects good years of earnings ahead. (Analysts’ price target is $51.86)
Nobody has replaced wooden railway ties, which regularly wear out--and SJ supplies them. He expects good years of earnings ahead. (Analysts’ price target is $51.86)
David Baskin
President, Baskin Wealth Management
Price
$46.040
Owned
Yes