Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
October 10, 2019
Doesn't own it in their core portfolio, but does own it in the income-seeking one. Juicy yield. Risk of dividend cut is moderate, but not immiment. Payout ratio is manageable. Has never cut a dividend. Stock is cheap. Yield is 14.2%.
Doesn't own it in their core portfolio, but does own it in the income-seeking one. Juicy yield. Risk of dividend cut is moderate, but not immiment. Payout ratio is manageable. Has never cut a dividend. Stock is cheap. Yield is 14.2%.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$19.580
Owned
Yes
HOLD
HOLD
October 10, 2019
Warming up to it. Concentrated heavily in Quebec. Mostly industrial, retail, office. Was overexposed to fashion in the malls. Can't change this quickly. New management team is good. Building condos on top of assets, to some success. Reframe how you look at it, from will it get back to a certain level, to will it go higher from here. Payout ratio not too onerous. Dividend is safe. Can hold it comfortably.
Warming up to it. Concentrated heavily in Quebec. Mostly industrial, retail, office. Was overexposed to fashion in the malls. Can't change this quickly. New management team is good. Building condos on top of assets, to some success. Reframe how you look at it, from will it get back to a certain level, to will it go higher from here. Payout ratio not too onerous. Dividend is safe. Can hold it comfortably.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$13.730
Owned
No
SELL
SELL
October 10, 2019
Afflicted by the same thing afflicting all the other nat gas producers. They're at the end of the pipe. Selling at a deep discount. Not making money, but continuing to spend. Dividend is at risk. Producers are going to be in the penalty box until the LNG plant gets built off the west coast. Could fall further.
Arc Resources Ltd (ARX-T)
October 10, 2019
Afflicted by the same thing afflicting all the other nat gas producers. They're at the end of the pipe. Selling at a deep discount. Not making money, but continuing to spend. Dividend is at risk. Producers are going to be in the penalty box until the LNG plant gets built off the west coast. Could fall further.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$5.460
Owned
No
SELL
SELL
October 10, 2019
Arizona mine hung up in admin for at least another year. Copper prices rolled over. Don't want to own a marginal commodity producer admidst slowing global growth.
Arizona mine hung up in admin for at least another year. Copper prices rolled over. Don't want to own a marginal commodity producer admidst slowing global growth.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$4.550
Owned
No
WEAK BUY
WEAK BUY
October 10, 2019
Great company. Beta is between 0.8-1, so more defensive than broad market. In a choppy market, things with high yields and low beta tend to do better, though not immune to a downturn altogether. Could do worse, but could do better. Not your best horse in terms of asset management. Dividend yield is about 6%.
Power Corp (POW-T)
October 10, 2019
Great company. Beta is between 0.8-1, so more defensive than broad market. In a choppy market, things with high yields and low beta tend to do better, though not immune to a downturn altogether. Could do worse, but could do better. Not your best horse in terms of asset management. Dividend yield is about 6%.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$29.930
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
October 10, 2019
(A Top Pick Oct 24/18, Up 33%) Good dividend yield, defensive business, mid-single digit level of growth. When the market gives you a gift, sometimes you need to lock it in. Valuation is now stretched, because though stock price has appreciated, earnings have not kept pace.
Fortis Inc. (FTS-T)
October 10, 2019
(A Top Pick Oct 24/18, Up 33%) Good dividend yield, defensive business, mid-single digit level of growth. When the market gives you a gift, sometimes you need to lock it in. Valuation is now stretched, because though stock price has appreciated, earnings have not kept pace.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$56.220
Owned
No
PAST TOP PICK
PAST TOP PICK
October 10, 2019
(A Top Pick Oct 24/18, Up 22%) There's a lot more gas in the tank. Preferred horse in the life insurance sector. 13% ROE. Trades at 7.5x earnings. Should have a "3" handle on it. Yield is 4.2%.
Manulife Financial (MFC-T)
October 10, 2019
(A Top Pick Oct 24/18, Up 22%) There's a lot more gas in the tank. Preferred horse in the life insurance sector. 13% ROE. Trades at 7.5x earnings. Should have a "3" handle on it. Yield is 4.2%.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$23.460
Owned
Yes