Latest Stock Buy or Sell?
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Today, John Zechner commented about whether FDX-N, MAXR-T, U-T, IFP-T, WFG-T, MFC-T, ABX-T, G-T, F-N, ALA-T, BTE-T, ECA-T, TS.B-T, OIH-N, QCOM-Q, OTEX-T, ENB-T, CELG-Q, TV-T, X-N, VET-T, GS-N, GOOG-Q are stocks to buy or sell.

BUY
Enbridge
The valuation has become a lot more attractive. They did consolidation of ancillary operations and sold off assets to get the debt down. The valuation is reasonable and they are positioned for growth now.
oil / gas pipelines
PAST TOP PICK
Open Text
(A Top Pick Feb 15/18, Up 2%) He still likes it. A good long term growth story. They acquire and then pay down the debt with cash flow.
computer software / processing
PAST TOP PICK
Qualcomm
(A Top Pick Feb 15/18, Down 10%) The XP acquisition attempt in China was a problem. There are a lot of potential levers to this story. He would get back into it.
Telecommunications
PAST TOP PICK
(A Top Pick Feb 15/18, Down 42%) He was looking for US oil. This ETF started under-performing mid-year and he got out. He is not rushing back into energy names except for a few very highly beat up names.
E.T.F.'s
COMMENT
TorstarCorp (B)
It is unbelievable where this stock is trading at. Acquisitions this year are worth less than half what they paid for them. It was trading at less than half what it was worth. They are trading below the amount of cash they have. It shocks him how far it continues to go down.
publishing / printing
COMMENT
Encana Corp
They did a good move out of Canada a few years ago. They have better growth there. The street really soured on an acquisition they did. Global demand for oil seems to be coming back a little bit.
oil / gas
N/A
Canadian and US$. It is a good question to ask when buying US stocks. He does not know if the Canadian dollar will have a big move either way. Canada has its economic problems. The economic outlook in Canada is getting clouded and could cause a move downwards. However it does not have a huge impact on his decisions about US stocks.
Unknown
WEAK BUY
Baytex Energy Corp
He would have thought the bottom was higher than this. They did some great acquisitions recently and are in much better shape balance sheet wise. It is a better company than the market gives it credit for. You need crude to get out of the $45 range.
oil / gas
DON'T BUY
Altagas Ltd
It is beaten up. The debt and acquisition they did. The spin out, AUI-T, he owns and likes. It has a safer yield.
oil / gas
DON'T BUY
Ford Motor
The warning flags are out for the auto sector in general. He would prefer GM-N because they are better positioned for electric vehicles. It is better valuation-wise. The risk in the auto sector is like the housing in the last downturn.
Automotive
BUY
Augusta Gold
ABX-T vs. G-T. G-T is more the defacto go-to name. ABX-T does not have the growth any more. He thinks G-T has better assets. The problem with G-T used to be excessive valuation but that is not the case now.
precious metals
DON'T BUY
Barrick Gold
ABX-T vs. G-T. G-T is more the defacto go-to name. ABX-T does not have the growth any more. He thinks G-T has better assets. The problem with G-T used to be excessive valuation but that is not the case now.
precious metals
WEAK BUY
Manulife Financial
He bought a couple of weeks ago. 8 times core operating earnings. The balance sheet is in better shape. They fixed a lot of their problems and you still have growth in Asia. There is still financial market risk.
insurance
DON'T BUY
West Fraser Timber
WFT-T vs. IFP-T. He is still cautious on lumber stocks. We have seen the peak in US housing. Canadian lumber stocks do better with the Canadian dollar down. IFP-T is a better play because at least 50% of the lumber is out of the US. There is probably going to be a bit of a cloud over the sector for some time.
west coast forestry
WEAK BUY
Interfor Corp
WFT-T vs. IFP-T He is still cautious on lumber stocks. We have seen the peak in US housing. Canadian lumber stocks do better with the Canadian dollar down. IFP-T is a better play because at least 50% of the lumber is out of the US. There is probably going to be a bit of a cloud over the sector for some time.
west coast forestry