Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
October 10, 2019
(A Top Pick Oct 24/18, Up 5%) Has been flattish. Frustrated with it. Used to be a compelling retail story. Earnings stalled, and share price stuck in a trading range. Didn't like their acquisition of an airline.
North West Company (NWC-T)
October 10, 2019
(A Top Pick Oct 24/18, Up 5%) Has been flattish. Frustrated with it. Used to be a compelling retail story. Earnings stalled, and share price stuck in a trading range. Didn't like their acquisition of an airline.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$28.240
Owned
No
BUY
BUY
October 10, 2019
Has zigged when other banks have zagged. Under the gun recently, because American affiliate is involved in a fee-cutting price war. "Any day that ends in 'y'" is a good day to buy Canadian banks. 8% correction off all-time high is no cause for concern. He's buying with fresh money.
Toronto Dominion (TD-T)
October 10, 2019
Has zigged when other banks have zagged. Under the gun recently, because American affiliate is involved in a fee-cutting price war. "Any day that ends in 'y'" is a good day to buy Canadian banks. 8% correction off all-time high is no cause for concern. He's buying with fresh money.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$73.030
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
October 10, 2019
Best railroad in North America. All rails are under pressure because freight volumes are declining. Trade wars are hurting the trade flows. Recent valuation got stretched. 28-29% ROE. If it gets around $110, you can jump in with both hands. Great company, respects management, oligopoly.
Best railroad in North America. All rails are under pressure because freight volumes are declining. Trade wars are hurting the trade flows. Recent valuation got stretched. 28-29% ROE. If it gets around $110, you can jump in with both hands. Great company, respects management, oligopoly.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$113.700
Owned
No
BUY
BUY
October 10, 2019
He owns it in an income-seeking fund. Income generator, plus great total return performer. 20% compound annual rate of return since inception. Like a mini-BAM or mini-Onex. Very acquisitive. Good earnings grower and dividend grower. Regional airlines and light manufacturing. Very good management. Yield is 6%.
Exchange Income (EIF-T)
October 10, 2019
He owns it in an income-seeking fund. Income generator, plus great total return performer. 20% compound annual rate of return since inception. Like a mini-BAM or mini-Onex. Very acquisitive. Good earnings grower and dividend grower. Regional airlines and light manufacturing. Very good management. Yield is 6%.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$38.170
Owned
Yes
BUY
BUY
October 10, 2019
Great company. Very diverse client base globally. Strategic partnership with Google should drive revenue and accelerate organic growth. So they won't have to rely as much on acquisitions to drive growth. Not a high P/E ratio. Very capable acquirer in a fragmented industry.
Open Text (OTEX-T)
October 10, 2019
Great company. Very diverse client base globally. Strategic partnership with Google should drive revenue and accelerate organic growth. So they won't have to rely as much on acquisitions to drive growth. Not a high P/E ratio. Very capable acquirer in a fragmented industry.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$53.620
Owned
Yes
DON'T BUY
DON'T BUY
October 10, 2019
Sold out because it's harder for a large company to grow revenue, expectations were very high, valuation was high, and the parabolic technical chart. Too much risk. Back in a corrective phase, but it would have to be about half this level for the valuation to make sense to him.
Shopify Inc. (SHOP-T)
October 10, 2019
Sold out because it's harder for a large company to grow revenue, expectations were very high, valuation was high, and the parabolic technical chart. Too much risk. Back in a corrective phase, but it would have to be about half this level for the valuation to make sense to him.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$431.240
Owned
No
BUY
BUY
October 10, 2019
ATD.A vs. PKI Couche-Tard is a better company. Parkland has run up, but returns prospectively are lower. Couche-Tard will have better returns going forward, global consolidator of a fragmented industry, profitable, scalable, marketing sophistication. Buy it comfortably here, pullback is a great opportunity.
ATD.A vs. PKI Couche-Tard is a better company. Parkland has run up, but returns prospectively are lower. Couche-Tard will have better returns going forward, global consolidator of a fragmented industry, profitable, scalable, marketing sophistication. Buy it comfortably here, pullback is a great opportunity.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$40.240
Owned
Yes