BUY
A lot of cash on the balance sheet, so by default you're going to underperform. To bet against Warren Buffet is a bad bet. There's a lot worse to own than this. Positive view. Good value in the long run. He prefers to own the individual parts.
PAST TOP PICK
(A Top Pick Nov 20/18, Up 49%) Still likes it. Trading in a nice range. Transitioning from hardware to services. Overhang is dependence on iPhone, but they are growing services side.
PAST TOP PICK
(A Top Pick Nov 20/18, Up 35%) Continues to like it. Steady as she goes. Tried and true formula of redeploy capital, earn a nice return, sell the asset at a good return. Like a pipeline company for everything. Good dividend, capital appreciation.
PAST TOP PICK
(A Top Pick Nov 20/18, Up 22%) Demographically, in a great spot. Recent acquisition will expand their market. Developing robotics. Positive long-term.
PARTIAL BUY
Interesting company. You could buy it, as Raytheon will add a lot to it. Spending will continue, no matter who is in charge in the US. Positive on it long-term. Take a half position to hedge your bets.
DON'T BUY
Great business, but valuation is extremely high and profits are beyond low. It's an enabler. He wants companies that generate profits. You have to be prepared for the valuation to change dramatically. Too aggressive for him.
DON'T BUY
Growth by acquisition. Appreciation slows down as acquisitions slow down. Need organic growth to keep the story going. Valuation high. The law of large numbers eventually catches up with you. Other opportunities at better valuations.
BUY
Steady eddy, good dividend. Great company, very well managed, high quality dividend. Standalone utility. Good value, but an income generating tool. If you want a bit more growth, there are other names, but they aren't pure utilities.
BUY
BAM.A vs. BPY.UN Neither for steady income. He owns BAM. All the other Brookfield pieces flow up to the top. Dividend not huge, but capital appreciation good. Another steady income is Brookfield Infrastructure, with a higher dividend.
HOLD
If your time horizon is 5 years, you can hold this name. Valuations tend to be higher, and dividends lower. Industry is ripe for consolidation. Once the services are in place, you just need a little price increase here and there and you get organic growth. Stable.
HOLD
Acquisition in Europe is the reason for downturn. Overall, online shopping and delivery should grow. Hiccups of the acquisition will be resolved. Monitor it going forward for positive news about the acquisition.
COMMENT
Fairly valued. Concern is the regulatory risk. A lot of things going wrong. Data breaches, systemic company problems caused them to sell. For valuation and growth, there are worse names to own.
TOP PICK
New products. Incremental price tweaks are beneficial. Yield is 1.19%. (Analysts’ price target is $253.41)
TOP PICK
Low rates are hurting a bit. Great company. Has all the pieces: commercial, personal, investment, asset management. Extremely well run. Dividend increases. US consumer is in a great space right now. Huge cash machine. Yield is 2.77%. (Analysts’ price target is $125.29)
TOP PICK
Huge capital spend, but the payoff could be really big. Getting paid to wait. Over the next 2 years, they'll get their funding. Yield is 7.61%. (Analysts’ price target is $25.09)