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Signal
Opinion
Expert
BUY
BUY
October 13, 2020
He's added to this recently. The banks have done a very good job; their capital ratios remain resilient. He sees no risk of any Canadian bank cutting their dividends--they're safe. We've probably seen the worst impact of Covid on their earnings. There's a lot of stimulus out there. Balance sheets are in good shape. Wealth management businesses have done well during this pandemic. Trades at a decent valuation and pays a good dividend. It's a safe investment. He's long the banks, Canadian and US.
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He's added to this recently. The banks have done a very good job; their capital ratios remain resilient. He sees no risk of any Canadian bank cutting their dividends--they're safe. We've probably seen the worst impact of Covid on their earnings. There's a lot of stimulus out there. Balance sheets are in good shape. Wealth management businesses have done well during this pandemic. Trades at a decent valuation and pays a good dividend. It's a safe investment. He's long the banks, Canadian and US.
BUY
BUY
October 13, 2020
Cybersecurity is a huge growth business, and it has always been BB's strength. It generates cash flow and are making good acquisitions. The slow-down in car production effected BB, but that was temporary. It trades at a reasonable valuation. CEO Chen is moving BB in the right direction. This is an underloved company which had done an amazing pivot.
Show full opinionHide full opinionCybersecurity is a huge growth business, and it has always been BB's strength. It generates cash flow and are making good acquisitions. The slow-down in car production effected BB, but that was temporary. It trades at a reasonable valuation. CEO Chen is moving BB in the right direction. This is an underloved company which had done an amazing pivot.
BUY
BUY
October 13, 2020
Keyera vs. Pembina He owns both. Keyera: pays a slightly higher dividend, but also slightly riskier, due to its mix of liquids and gas processing, so probably more earnings volatility short-term. Pembina is a pipeline play with operating cash flow around 9-10x. They were resilient in the downturn. What's good about both is that they are sensitive to volumes, not the oil price, especially Pembina. The dividends are safe and earnings resilient. If the stocks do nothing, at least both pay more than 8% in dividend yields.
Keyera vs. Pembina He owns both. Keyera: pays a slightly higher dividend, but also slightly riskier, due to its mix of liquids and gas processing, so probably more earnings volatility short-term. Pembina is a pipeline play with operating cash flow around 9-10x. They were resilient in the downturn. What's good about both is that they are sensitive to volumes, not the oil price, especially Pembina. The dividends are safe and earnings resilient. If the stocks do nothing, at least both pay more than 8% in dividend yields.
DON'T BUY
DON'T BUY
October 13, 2020
Buy the pullback? It's probably fine, but he's squeasy about office space occupancy in downtown Toronto. He'd rather avoid stocks that are tied to downtown office real estate and play it safe. BPY are good operators with a strong balance sheet, though.
Show full opinionHide full opinionBuy the pullback? It's probably fine, but he's squeasy about office space occupancy in downtown Toronto. He'd rather avoid stocks that are tied to downtown office real estate and play it safe. BPY are good operators with a strong balance sheet, though.
BUY
BUY
October 13, 2020
For income investors He sold this at $18. It's likely safe to own again and the yield is safe. Stable earnings, though only single-digit growth. He's comfortable with this. It pays a 5.8% yield, paid monthly.
Show full opinionHide full opinionFor income investors He sold this at $18. It's likely safe to own again and the yield is safe. Stable earnings, though only single-digit growth. He's comfortable with this. It pays a 5.8% yield, paid monthly.
BUY
BUY
October 13, 2020
It's hard not to like this given the explosion of internet use and how dominant BABA is in China online. Investors who were concerned with the company's accounting are growing more comfortable with it. It's a great global internet play. Good to own in a portfolio. BABA has branded very well. We'll see how or if US-China relations change after the Nov. 3 US election vote.
Show full opinionHide full opinionIt's hard not to like this given the explosion of internet use and how dominant BABA is in China online. Investors who were concerned with the company's accounting are growing more comfortable with it. It's a great global internet play. Good to own in a portfolio. BABA has branded very well. We'll see how or if US-China relations change after the Nov. 3 US election vote.
PARTIAL BUY
PARTIAL BUY
October 13, 2020
Oil companies are moving towards renewables. SU is underappreciated given its assets. Operating costs for the oil industry are around $15/barrel, so they can still make money even at these oil prices. There are 20-30 years of oil reserves. SU is a good low-cost play for the long term that he's comfortable to hold for the long term.
Show full opinionHide full opinionOil companies are moving towards renewables. SU is underappreciated given its assets. Operating costs for the oil industry are around $15/barrel, so they can still make money even at these oil prices. There are 20-30 years of oil reserves. SU is a good low-cost play for the long term that he's comfortable to hold for the long term.
