Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
January 8, 2021
It has a compelling business proposition. The largest online marketplace in China. Regulation is the big overhang. Last year, the Chinese governments put out anti-trust rules that have the potential to impact them the most. It is an enduring business model with favourable valuation. Would not purchase with new money, but would hold if you already have it. The disappearance of the founder, Jack Ma, is also worrying.
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It has a compelling business proposition. The largest online marketplace in China. Regulation is the big overhang. Last year, the Chinese governments put out anti-trust rules that have the potential to impact them the most. It is an enduring business model with favourable valuation. Would not purchase with new money, but would hold if you already have it. The disappearance of the founder, Jack Ma, is also worrying.
HOLD
HOLD
January 8, 2021
Their largest segment is with PC. They have been left behind as more and more usage has shifted to smartphones and away from their strong hold PC segment. There were also problems with the manufacturing side that has caused headwinds for the company. There was an activist that has come in recently to put pressure for change. Short-term, there could be some improvements. If you own it, hold it since they have some space to maneuver. Re-evaluate in 6 months.
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Intel (INTC-Q)
January 8, 2021
Their largest segment is with PC. They have been left behind as more and more usage has shifted to smartphones and away from their strong hold PC segment. There were also problems with the manufacturing side that has caused headwinds for the company. There was an activist that has come in recently to put pressure for change. Short-term, there could be some improvements. If you own it, hold it since they have some space to maneuver. Re-evaluate in 6 months.
BUY WEAKNESS
BUY WEAKNESS
January 8, 2021

The largest portion of its value comes from its stake in Canadian Utilities. It is a durable, defensive company. Prefer Fortis and Algonquin to it. If you own Atco, hold it. The valuation can swing around due to sentiment, but the company is disciplined and has a good balance sheet. Their capital program is good and generates good returns. A good defensive long term hold.

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Atco Ltd (ACO.X-T)
January 8, 2021

The largest portion of its value comes from its stake in Canadian Utilities. It is a durable, defensive company. Prefer Fortis and Algonquin to it. If you own Atco, hold it. The valuation can swing around due to sentiment, but the company is disciplined and has a good balance sheet. Their capital program is good and generates good returns. A good defensive long term hold.

BUY WEAKNESS
BUY WEAKNESS
January 8, 2021
A big fan of Brookfield in general. You get a collection of utility like assets that gives you an added level of diversification. Capital allocation and management team is good too. The valuation must be looked at carefully. He is willing to pay up to 14x forward funds for operations but it is a little expensive right now. An excellent example of a defensive company that will grow regardless of the economic environment. Invest when there is a pullback.
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A big fan of Brookfield in general. You get a collection of utility like assets that gives you an added level of diversification. Capital allocation and management team is good too. The valuation must be looked at carefully. He is willing to pay up to 14x forward funds for operations but it is a little expensive right now. An excellent example of a defensive company that will grow regardless of the economic environment. Invest when there is a pullback.
COMMENT
COMMENT
January 8, 2021

The 3 different Brookfield offer is destined to appeal to different segments of investors and the reason they own it. For opportunistic traders, there is the cash buyout. For long investors, they are offering BAM.A shares. For income investors, they are offering preferred shares that still offers some dividends, although it is not as high as BPY paid. The best option depends on who you are.

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The 3 different Brookfield offer is destined to appeal to different segments of investors and the reason they own it. For opportunistic traders, there is the cash buyout. For long investors, they are offering BAM.A shares. For income investors, they are offering preferred shares that still offers some dividends, although it is not as high as BPY paid. The best option depends on who you are.

HOLD
HOLD
January 8, 2021

He favours Fortis and Algonquin. H-T is a very stable business model. They had aggressive growth projects but they didn't work out. Would like to see more diversification of cashflow since it is very dependant on Ontario. It is a good, durable business. Would not sell it but it may not perform as well as others. Growth platform is limited.

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Hydro One (H-T)
January 8, 2021

He favours Fortis and Algonquin. H-T is a very stable business model. They had aggressive growth projects but they didn't work out. Would like to see more diversification of cashflow since it is very dependant on Ontario. It is a good, durable business. Would not sell it but it may not perform as well as others. Growth platform is limited.

BUY WEAKNESS
BUY WEAKNESS
January 8, 2021
Really likes it. A defensive holding. Global with a good emerging markets footprint. They have now unified their listing. Cashflow is durable. The dividend is attractive. Trading at 19x forward earnings. A little expensive so wait for pullback.
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Unilever PLC (UL-N)
January 8, 2021
Really likes it. A defensive holding. Global with a good emerging markets footprint. They have now unified their listing. Cashflow is durable. The dividend is attractive. Trading at 19x forward earnings. A little expensive so wait for pullback.