Latest Expert Opinions

Signal
Opinion
Expert
PARTIAL SELL
PARTIAL SELL
September 15, 2020
A smaller cap name in paper and forestry. The tissue side has benefited from stay-at-home, but hotels aren't using as much tissue. The packaging business has enjoyed an increase with more packages needed for online shopping. However, this sector is cyclical, falling a lot if the market falls, though bouncing a lot if it rises. Cascades has performed quite well. Next year, supply is coming onstream in the container board business which have pressure pricing going forward. Take profits.
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Cascades Inc (CAS-T)
September 15, 2020
A smaller cap name in paper and forestry. The tissue side has benefited from stay-at-home, but hotels aren't using as much tissue. The packaging business has enjoyed an increase with more packages needed for online shopping. However, this sector is cyclical, falling a lot if the market falls, though bouncing a lot if it rises. Cascades has performed quite well. Next year, supply is coming onstream in the container board business which have pressure pricing going forward. Take profits.
HOLD
HOLD
September 15, 2020
A human resource company that's fairly defensive. The price has come off some, but has held in well during the pandemic. Anchored by a steady income stream. They grow organically with some acquisitions. A hold. Defensive.
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Morneau Shepell Inc (MSI-T)
September 15, 2020
A human resource company that's fairly defensive. The price has come off some, but has held in well during the pandemic. Anchored by a steady income stream. They grow organically with some acquisitions. A hold. Defensive.
BUY
BUY
September 15, 2020

Canadian bank outlook The Canadian banks offer decent value though have lagged the overall market. The banks have provisioned in Q2 and Q3, and this level has likely peaked, so these levels should decline ahead. Look out for the next quarterly report, because the banks heavily warned about mortgages and commercial loans and many of these will start to roll off. The banks offer good dividend yields that she expects to hold. The banks entered the pandemic with strong capital and continued to strengthen it. She also own RY. Like this and TD. She'd buy both presently.

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Toronto Dominion (TD-T)
September 15, 2020

Canadian bank outlook The Canadian banks offer decent value though have lagged the overall market. The banks have provisioned in Q2 and Q3, and this level has likely peaked, so these levels should decline ahead. Look out for the next quarterly report, because the banks heavily warned about mortgages and commercial loans and many of these will start to roll off. The banks offer good dividend yields that she expects to hold. The banks entered the pandemic with strong capital and continued to strengthen it. She also own RY. Like this and TD. She'd buy both presently.

BUY
BUY
September 15, 2020
Was a top pick recently. A leader in elevators, a oligopoly in this sector. They're diversified geographically. She has bought more shares, liking their recurring revenues. It's sort of defensive/industrial with opportunities for growth in China. Pays a 2% dividend. Good for long-term price appreciation.
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Otis Worldwide Corp. (OTIS-N)
September 15, 2020
Was a top pick recently. A leader in elevators, a oligopoly in this sector. They're diversified geographically. She has bought more shares, liking their recurring revenues. It's sort of defensive/industrial with opportunities for growth in China. Pays a 2% dividend. Good for long-term price appreciation.
COMMENT
COMMENT
September 15, 2020

Regulations in the U.S. may affect distribution They recently bought health insurer Aetna. A cheap stock trading at 9x forward earnings. Not sure why the price has come off in the past month, maybe a rotation into momentum. The PBM business (https://en.wikipedia.org/wiki/Pharmacy_benefit_management) always has an overhang with the US government wanting to lower prices. These worries are absorbed into the CVS stock price. Also, CVS has had to pay more for PPE and labour wages, but these costs should abate in time. The current price reflects all these overhangs.

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CVS Health Corp (CVS-N)
September 15, 2020

Regulations in the U.S. may affect distribution They recently bought health insurer Aetna. A cheap stock trading at 9x forward earnings. Not sure why the price has come off in the past month, maybe a rotation into momentum. The PBM business (https://en.wikipedia.org/wiki/Pharmacy_benefit_management) always has an overhang with the US government wanting to lower prices. These worries are absorbed into the CVS stock price. Also, CVS has had to pay more for PPE and labour wages, but these costs should abate in time. The current price reflects all these overhangs.

WEAK BUY
WEAK BUY
September 15, 2020
An excellent health operator. But if this crisis continues, employment levels may remain very low which could impact UNH. But UNH has probably seen the worst of the pandemic and this is a blue-chip name. Will be fine after this crisis, which she sees passing one day.
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An excellent health operator. But if this crisis continues, employment levels may remain very low which could impact UNH. But UNH has probably seen the worst of the pandemic and this is a blue-chip name. Will be fine after this crisis, which she sees passing one day.
BUY WEAKNESS
BUY WEAKNESS
September 15, 2020
The renewable sector offers great long-term secular growth and she's increasing her exposure. BEP is one of the biggest stocks in this space, and BEP operates globally. Offers attractive exposure to this space. Hold and buy on weakness.
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The renewable sector offers great long-term secular growth and she's increasing her exposure. BEP is one of the biggest stocks in this space, and BEP operates globally. Offers attractive exposure to this space. Hold and buy on weakness.