Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
July 11, 2019
It's a secular growth business with organic growth driven by same-store sales growth led by Popeye's and Burger King. Tim Horton's is accelerating after a tough 2018. They're expanding in Canada and abroad, namely Popeye's and Burger King. Third, they grow by acquisitions, backed by 3G Capital. They are good operators. It pays a 3% dividend and are buying back stock.
It's a secular growth business with organic growth driven by same-store sales growth led by Popeye's and Burger King. Tim Horton's is accelerating after a tough 2018. They're expanding in Canada and abroad, namely Popeye's and Burger King. Third, they grow by acquisitions, backed by 3G Capital. They are good operators. It pays a 3% dividend and are buying back stock.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$93.240
Owned
Yes
PARTIAL SELL
PARTIAL SELL
July 11, 2019

Could someone like Amazon take it over? Take some money off the table if you've held this for a while. He sold some shares a year ago, but continues to blaze higher. But its valuation is in nosebleed territory. He doubts that the lead shareholder will allow SHOP to be sold. Amazon is a candidate, possibly, but he doesn't feel it will happen.

Shopify Inc. (SHOP-T)
July 11, 2019

Could someone like Amazon take it over? Take some money off the table if you've held this for a while. He sold some shares a year ago, but continues to blaze higher. But its valuation is in nosebleed territory. He doubts that the lead shareholder will allow SHOP to be sold. Amazon is a candidate, possibly, but he doesn't feel it will happen.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$411.210
Owned
Yes
BUY
BUY
July 11, 2019
Good for a retiree needing income? He sold his stake a few quarters ago. It's a consistent dividend payer and the yield is safe. Yes, it's good for retirees, but there is better share price growth elsewhere. Their new propane facility should add $600 million to EBITDA profit when it comes online at the end of 2021 or 2022.
Good for a retiree needing income? He sold his stake a few quarters ago. It's a consistent dividend payer and the yield is safe. Yes, it's good for retirees, but there is better share price growth elsewhere. Their new propane facility should add $600 million to EBITDA profit when it comes online at the end of 2021 or 2022.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$22.200
Owned
No
DON'T BUY
DON'T BUY
July 11, 2019

POW vs. PWF POW has better liquidity so institutional investors prefer it. For growth, though, these are plays on life insurance. The PWF yield is over 6% and tantalizing. They likely won't cut the dividend, but probably will pause dividend growth. There are better stocks in asset management or insurance. He wouldn't buy either for capital appreciation.

Power Corp (POW-T)
July 11, 2019

POW vs. PWF POW has better liquidity so institutional investors prefer it. For growth, though, these are plays on life insurance. The PWF yield is over 6% and tantalizing. They likely won't cut the dividend, but probably will pause dividend growth. There are better stocks in asset management or insurance. He wouldn't buy either for capital appreciation.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$28.170
Owned
No
DON'T BUY
DON'T BUY
July 11, 2019

POW vs. PWF POW has better liquidity so institutional investors prefer it. For growth, though, these are plays on life insurance. The PWF yield is over 6% and tantalizing. They likely won't cut the dividend, but probably will pause dividend growth. There are better stocks in asset management or insurance. He wouldn't buy either for capital appreciation.

POW vs. PWF POW has better liquidity so institutional investors prefer it. For growth, though, these are plays on life insurance. The PWF yield is over 6% and tantalizing. They likely won't cut the dividend, but probably will pause dividend growth. There are better stocks in asset management or insurance. He wouldn't buy either for capital appreciation.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$29.890
Owned
No
SELL
SELL
July 11, 2019

Facing a 20% loss. Sell? It's missed earnings in 5 of the last 7 quarters, and it's exposed to the consumer discretionary space, which is vulnerable in a downturn. Also, it's vulnerable to Amazon. Their chart is making lower highs and lows as the TSX is moving the opposite direction. It isn't cheap, trading at 2.4x book value vs. 1.7x historic average. Also, past major downturns fell 60%.

Facing a 20% loss. Sell? It's missed earnings in 5 of the last 7 quarters, and it's exposed to the consumer discretionary space, which is vulnerable in a downturn. Also, it's vulnerable to Amazon. Their chart is making lower highs and lows as the TSX is moving the opposite direction. It isn't cheap, trading at 2.4x book value vs. 1.7x historic average. Also, past major downturns fell 60%.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$0.000
Owned
No
BUY
BUY
July 11, 2019
It's a growth story with a lower payout ratio than the larger life insurance companies. It's different from the lifecos, because they are the biggest Canadian property and casualty insurer. They've enjoyed significant capital appreciation. Their costs are lower than their peers and they have a strong balance sheet, allowing them to make acquisitions. They recently bought an American company. An excellent CEO. This will continue to grow.
It's a growth story with a lower payout ratio than the larger life insurance companies. It's different from the lifecos, because they are the biggest Canadian property and casualty insurer. They've enjoyed significant capital appreciation. Their costs are lower than their peers and they have a strong balance sheet, allowing them to make acquisitions. They recently bought an American company. An excellent CEO. This will continue to grow.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$126.340
Owned
Yes