Today, The Panic-Proof Portfolio (Stockchase Research) and Paul Gardner, CFA commented about whether SGR.UN-T, CRR.UN-T, BAM.A-T, WIR.UN-T, BEI.UN-T, LNF-T, ENB-T, PPL-T, EXE-T, CP-T, CNR-T, CSU-T, BRK.B-N, BEI.UN-T, CJT-T, CTC.A-T, FCR-T, KMP.UN-T, MG-T, GRT.UN-T, REI.UN-T, BPY.UN-T, LEVI-N, COP-N, K-N, WDFC-Q, VZ-N, DHI-N are stocks to buy or sell.
Brookfield buying BPY He expects BAM to take it over and it's a good thing to keep BPY within Brookfield/BAM. The deal is accretive for BAM which he really likes. About BPY, you don't want to own these assets (offices, large retail) during this pandemic. Better to own apartments and industrials. BAM fell 5% on news of the takeover, but investors don't understand how accretive this deal is. BAM is a fantastic asset allocator; he wouldn't bet against them.
A very good REIT. They spun out their Magna industrial assets and recent quarters have been strong. Growing well. It's defensive, not totally industrial though. He likes it. He is neutral/likes this.
He just bought it. They've done a great job and expects them to be the generic "white label" parts-maker for all e-carmakers. Apple is talking to Hyundai about e-cars, but Hyundai works with Magna. He sees growth in e-cars. Costs will be managed efficiently (i.e. battery costs declining) as Magna transitions to e-cars, and Magna has been doing this for a long time, around 80 years.
It's one of the best survivors in retail. They held their own against Walmart. Great job diversifying into Sportscheck and Marks Work Warehouse. They have the goods that people want, so have benefitted from the pandemic. But the stock has recovered a lot. Trades at a 10x earning basis, so cheap. That said, there are better retailers, like ATD'B. CTC.A is well-diversified, though.
(A Top Pick Jan 29/20, Up 90%) He of course watches Amazon, but the valuation was too high. CJT was an easier way to get into e-commerce and of course this business exploded with the pandemic. Their last two quarters blew-out earnings. Also, they enjoy less competition now so they're in a sweet spot. This has more room to run. Amazon owns 10% of CJT, so there is a chance of takeover, but he doubts they will.