Recent Opinions | StockChase

Opinions Table


Signal Opinion Expert
N/A
General Market Comment 

December 14, 2017

Market.  US markets are not cheap but there are some names and industries that are good investments.  Some of the block chain companies are scarce in revenues and profits and high on valuation, so be careful.  And for Oil pipelines, you don’t have enough outlets, pipelines that are going under maintenance and storage that is getting full.  You could see oil in a $50 to $60 range but if inventories get depleted faster you could see it up to $65.

Market.  US markets are not cheap but there are some names and industries that are good investments.  Some of the block chain companies are scarce in revenues and profits and high on valuation, so be careful.  And for Oil pipelines, you don’t have enough outlets, pipelines that are going under maintenance and storage that is getting full.  You could see oil in a $50 to $60 range but if inventories get depleted faster you could see it up to $65.

Unknown
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
_N/A

COMMENT
Alaris Royalty(AD-T) 

December 14, 2017

You have to have a lot of faith as to where you are getting the royalty income.  You have to have a lot of confidence in what they are investing in.  Some of them have not worked out and some have been spectacular.  He has a small holding.

Financial Services

You have to have a lot of faith as to where you are getting the royalty income.  You have to have a lot of confidence in what they are investing in.  Some of them have not worked out and some have been spectacular.  He has a small holding.

Financial Services
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
Yes

TOP PICK
Allergan PLC.(AGN-N) 

December 14, 2017

They are the maker of Botox.  They have a drug for dry eye syndrome that will come off patent but his analysis of the case for losing all revenue from the drug has them still doing well.  They have a good drug pipeline.  (Analysts’ target: $225.00).

Consumer Products

They are the maker of Botox.  They have a drug for dry eye syndrome that will come off patent but his analysis of the case for losing all revenue from the drug has them still doing well.  They have a good drug pipeline.  (Analysts’ target: $225.00).

Consumer Products
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
Yes

BUY
Altagas Ltd(ALA-T) 

December 14, 2017

He likes the name.  There is the uncertainty of the acquisition in the US.  They are going through the process of getting state approval.  They are down to one district.  It will probably come in March or April.  Some announced divestitures will probably be a catalyst for the stock.

oil/gas

He likes the name.  There is the uncertainty of the acquisition in the US.  They are going through the process of getting state approval.  They are down to one district.  It will probably come in March or April.  Some announced divestitures will probably be a catalyst for the stock.

oil/gas
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
Unknown

WEAK BUY

Almost 10% dividend.  It specializes in children’s content and woman’s content.  They have too much debt but are paying it down.  Dividend coverage is getting a bit close.  There is a large holding by Shaw so you never know when they will sell more of it.

entertainment services

Almost 10% dividend.  It specializes in children’s content and woman’s content.  They have too much debt but are paying it down.  Dividend coverage is getting a bit close.  There is a large holding by Shaw so you never know when they will sell more of it.

entertainment services
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
No

BUY

Hard liquor and some wines.  Very good brands.  He has looked at it and likes it at times but they are too highly valued at times. It one shareholder has too much so it is not liquid enough for him.  As cannabis becomes more main stream, they may want to invest in it in some way.

breweries/beverages

Hard liquor and some wines.  Very good brands.  He has looked at it and likes it at times but they are too highly valued at times. It one shareholder has too much so it is not liquid enough for him.  As cannabis becomes more main stream, they may want to invest in it in some way.

breweries/beverages
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
Unknown

DON'T BUY
Empire Company (A)(EMP.A-T) 

December 14, 2017

A year ago they went through a restructuring and then a big acquisition in Safeway.  They were left with a banner that had few discount brands in Western Canada, then tinkered with their loyalty program and that upset consumers.  Last quarter the results were not liked.  He used to have it but now prefers WN-T or L-T. 

food stores

A year ago they went through a restructuring and then a big acquisition in Safeway.  They were left with a banner that had few discount brands in Western Canada, then tinkered with their loyalty program and that upset consumers.  Last quarter the results were not liked.  He used to have it but now prefers WN-T or L-T. 

food stores
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
No

HOLD
Johnson & Johnson(JNJ-N) 

December 14, 2017

A very large US company.  Pharma, consumer products and medical devices.  Great balance sheet, triple ‘A” rated.  The first two areas are doing well right now, but have done better.  Expect good earnings and cash flow.

biotechnology/pharmaceutical

A very large US company.  Pharma, consumer products and medical devices.  Great balance sheet, triple ‘A” rated.  The first two areas are doing well right now, but have done better.  Expect good earnings and cash flow.

biotechnology/pharmaceutical
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
Unknown

BUY
Linamar Corp(LNR-T) 

December 14, 2017

They are winning a lot of business from OEMs as they outsource part of the design of engine blocks.  They have another industrial division, Skyjack.  Last year they had a contract that was cancelled. He likes them.  They are really well managed.  It might too early to call an end to car purchases.  He likes this one and thinks it is a good buy right here.

transportation equip & components

They are winning a lot of business from OEMs as they outsource part of the design of engine blocks.  They have another industrial division, Skyjack.  Last year they had a contract that was cancelled. He likes them.  They are really well managed.  It might too early to call an end to car purchases.  He likes this one and thinks it is a good buy right here.

transportation equip & components
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
Yes

PAST TOP PICK
Lowes Companies Inc.(LOW-N) 

December 14, 2017

(A Top Pick Oct 13/16, Up 24%)  HD-N is the number one player.  He thinks if there is room for improvement here then he would go into this one.  It does not have the premium valuation of HD-N.

misc industrial products

(A Top Pick Oct 13/16, Up 24%)  HD-N is the number one player.  He thinks if there is room for improvement here then he would go into this one.  It does not have the premium valuation of HD-N.

misc industrial products
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
Yes

PAST TOP PICK
Maxar Technologies(MAXR-T) 

December 14, 2017

(A Top Pick Oct 13/16, Up 8%)  They build a lot of satellites for a lot of defense agencies around the world.  He thinks it will get a valuation more in tune with US satellite companies.  He continues to hold it and likes the prospects.  They bought digital global and so should find it easier to win US contracts.

computer software/processing

(A Top Pick Oct 13/16, Up 8%)  They build a lot of satellites for a lot of defense agencies around the world.  He thinks it will get a valuation more in tune with US satellite companies.  He continues to hold it and likes the prospects.  They bought digital global and so should find it easier to win US contracts.

computer software/processing
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
Yes

BUY
Scholastic Corp.(SCHL-Q) 

December 14, 2017

He owns it in a smaller cap fund.  They are the largest printer of children’s content in the world.  They have great real estate in Manhattan.  They reported last night and EPS and revenue were down a bit.  But a better metric is price to cash flow and he likes it.  They have no debt.  In a couple of years this company could be taken out by a larger entity.

communications/media

He owns it in a smaller cap fund.  They are the largest printer of children’s content in the world.  They have great real estate in Manhattan.  They reported last night and EPS and revenue were down a bit.  But a better metric is price to cash flow and he likes it.  They have no debt.  In a couple of years this company could be taken out by a larger entity.

communications/media
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Oct 13/16, Up 19%)  There is concern about how much they have to spend to build out the Wind network.  He decided to take his profits.

Cable

(A Top Pick Oct 13/16, Up 19%)  There is concern about how much they have to spend to build out the Wind network.  He decided to take his profits.

Cable
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
No

TOP PICK
Sun Life Financial Inc(SLF-T) 

December 14, 2017

They have done really well in Asia over the last 5 years.  They have grown it at 30%.  He sees good growth there.  They have done a great job of getting away from capital heavy businesses into capital light businesses.  12 times earnings, good valuation and a very solid company.  (Analysts’ target: $54.00).

insurance

They have done really well in Asia over the last 5 years.  They have grown it at 30%.  He sees good growth there.  They have done a great job of getting away from capital heavy businesses into capital light businesses.  12 times earnings, good valuation and a very solid company.  (Analysts’ target: $54.00).

insurance
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
Yes

WEAK BUY
TransCanada Corp(TRP-T) 

December 14, 2017

The pipeline space is quite stable.  Their plans are quite good.  He could only own so many names in the space.  He prefers PPL-T because they are diversified more into the mid-stream and infrastructure spaces.

oil/gas pipelines

The pipeline space is quite stable.  Their plans are quite good.  He could only own so many names in the space.  He prefers PPL-T because they are diversified more into the mid-stream and infrastructure spaces.

oil/gas pipelines
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.000
Owned Owned
No

N/A
General Market Comment 

December 13, 2017

Market. Believes we began a re-evaluation of the equity asset class in 2013. 2013 was when we took out the highs of the bull market of the 1990s, and it was the first major global developed market to take out all time highs. That was and has been the leader ever since. Bull markets tend to last 15-18 years with interruptions. Since 2013, multiples have steadily been improving since people became more comfortable with the future. We had the first serious correction in 2015 and beginning of 2016, and that was a reset starting a 2nd cyclical rally. We’re about 2 years into that and probably have another year in front of us in the cyclical rally. The secular re-evaluation of the equities goes on for another 10-12 years. Earnings are going up, so we pay for that. The quality of the earnings is getting better. We have revenue growth as opposed to just cost cutting. The average company in the S&P 500 is yielding just over 6% on its capital, so you are getting paid about 3% excess return to buy stocks, compared to bonds. You're getting paid well to take risks. Expects that a year from now we will get a significant correction, but we have another year to get pretty significant returns before it happens. Once you have that correction out of the way, then you have another 3-4 years in front of you.

Market. Believes we began a re-evaluation of the equity asset class in 2013. 2013 was when we took out the highs of the bull market of the 1990s, and it was the first major global developed market to take out all time highs. That was and has been the leader ever since. Bull markets tend to last 15-18 years with interruptions. Since 2013, multiples have steadily been improving since people became more comfortable with the future. We had the first serious correction in 2015 and beginning of 2016, and that was a reset starting a 2nd cyclical rally. We’re about 2 years into that and probably have another year in front of us in the cyclical rally. The secular re-evaluation of the equities goes on for another 10-12 years. Earnings are going up, so we pay for that. The quality of the earnings is getting better. We have revenue growth as opposed to just cost cutting. The average company in the S&P 500 is yielding just over 6% on its capital, so you are getting paid about 3% excess return to buy stocks, compared to bonds. You're getting paid well to take risks. Expects that a year from now we will get a significant correction, but we have another year to get pretty significant returns before it happens. Once you have that correction out of the way, then you have another 3-4 years in front of you.

Unknown
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 13, 2017

Bitcoins. He looked at this from an interest standpoint 4 or 5 years ago in the early stages, and has done a fair bit of work on blockchain, but who would've known that there would have been this kind of parabolic move. Anecdotally, some people are saying that when they go to sell their Bitcoins, it can be hard to actually realize the cash. The plumbing is really very early stage, but is slowly being built and he will see what it will build into. Blockchain technology, as it applies to a whole bunch of different industries, might be really, really interesting.

Bitcoins. He looked at this from an interest standpoint 4 or 5 years ago in the early stages, and has done a fair bit of work on blockchain, but who would've known that there would have been this kind of parabolic move. Anecdotally, some people are saying that when they go to sell their Bitcoins, it can be hard to actually realize the cash. The plumbing is really very early stage, but is slowly being built and he will see what it will build into. Blockchain technology, as it applies to a whole bunch of different industries, might be really, really interesting.

Unknown
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 13, 2017

Lighten up on ETF fang stocks to put more into US financials? There is a question as to whether we are seeing money rotate from tech into some financials, which are a beneficiary of rising rates. We are in a reflationary cycle that benefits banks and the banks have a long path in front of them for revaluation. You want to own both. It is a great pairing to have the growth attached to the fangs, and at the same time have a significant position in the financials.

Lighten up on ETF fang stocks to put more into US financials? There is a question as to whether we are seeing money rotate from tech into some financials, which are a beneficiary of rising rates. We are in a reflationary cycle that benefits banks and the banks have a long path in front of them for revaluation. You want to own both. It is a great pairing to have the growth attached to the fangs, and at the same time have a significant position in the financials.

Unknown
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 13, 2017

Market. We are into tax loss selling which will put pressure on the upside going forward. People are becoming very wary of valuation levels. Since 2008, we haven't had any really significant setback in the markets. The underlying geopolitical factors are still at work. There are tensions in Europe but have been most predominant since 2008 with the debts of Italy, Portugal, Spain, etc. That ultimately led to the BREXIT vote. There are also tensions in Asia. The US itself is a big unknown right now because of NAFTA, which has been of particular concern in Canada. Despite that, the market has continued pushing ahead. He is in higher levels of cash than he was a year ago. That's about the only thing a prudent investor can do at this time.

Market. We are into tax loss selling which will put pressure on the upside going forward. People are becoming very wary of valuation levels. Since 2008, we haven't had any really significant setback in the markets. The underlying geopolitical factors are still at work. There are tensions in Europe but have been most predominant since 2008 with the debts of Italy, Portugal, Spain, etc. That ultimately led to the BREXIT vote. There are also tensions in Asia. The US itself is a big unknown right now because of NAFTA, which has been of particular concern in Canada. Despite that, the market has continued pushing ahead. He is in higher levels of cash than he was a year ago. That's about the only thing a prudent investor can do at this time.

Unknown
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$0.020
Owned Owned
_N/A

TOP PICK
Alaris Royalty(AD-T) 

December 13, 2017

Invests in a diversified range of private companies in North America. A number of their investee companies ran into problems, and at the same time, they got into a dispute with the CRA. It's been a long work-out with a number of these companies, and a few are still outstanding, but most things are beginning to settle and stabilize. Some of the investments have been renegotiated and are beginning to contribute to cash flow again. The main point is that they are beginning to deploy capital again in a very significant way. This has limited downside, but great potential upside. Dividend yield of 8.6%. (Analysts' price target is $23.)

Financial Services

Invests in a diversified range of private companies in North America. A number of their investee companies ran into problems, and at the same time, they got into a dispute with the CRA. It's been a long work-out with a number of these companies, and a few are still outstanding, but most things are beginning to settle and stabilize. Some of the investments have been renegotiated and are beginning to contribute to cash flow again. The main point is that they are beginning to deploy capital again in a very significant way. This has limited downside, but great potential upside. Dividend yield of 8.6%. (Analysts' price target is $23.)

Financial Services
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$18.990
Owned Owned
Yes

PAST TOP PICK
AGT Food & Ingredients(AGT-T) 

December 13, 2017

(A Top Pick Feb 1/17. Down 42%.) It was as though the perfect storm had hit. Because they don't treat their pulses a certain way, they had some problems importing to India until they received the exemption. The company has diversified into the food and ingredients area more. Parts of the business are doing very well. He perceives this as more of a cyclical problem. They have an oversupply in a number of areas that have to work its way through the system, which could happen within the next 6 months to a year. At these prices, this stock could be fairly attractive, although it is a bit higher risk/reward.

agriculture

(A Top Pick Feb 1/17. Down 42%.) It was as though the perfect storm had hit. Because they don't treat their pulses a certain way, they had some problems importing to India until they received the exemption. The company has diversified into the food and ingredients area more. Parts of the business are doing very well. He perceives this as more of a cyclical problem. They have an oversupply in a number of areas that have to work its way through the system, which could happen within the next 6 months to a year. At these prices, this stock could be fairly attractive, although it is a bit higher risk/reward.

agriculture
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$20.440
Owned Owned
Yes

DON'T BUY
Agrium(AGU-T) 

December 13, 2017

Doesn't think you should get into this right now. He did own it, but when they announced that they were going to integrate with Potash (POT-T), that changed the complexion of the company quite a bit. Doesn't think there will be much in the way of a stock price change until it has been time-tested for a while.

chemicals

Doesn't think you should get into this right now. He did own it, but when they announced that they were going to integrate with Potash (POT-T), that changed the complexion of the company quite a bit. Doesn't think there will be much in the way of a stock price change until it has been time-tested for a while.

chemicals
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$143.550
Owned Owned
No

BUY
Alibaba Group Holding(BABA-N) 

December 13, 2017

This is right in the heart of e-commerce alongside of Amazon (AMZN-Q). It really is a juggernaut, growing at a tremendous rate. The most recent quarter revenues were up 63% and earnings were up 65%. The Internet stocks have had a tremendous year, especially Internet retail as a whole. It’s one you could have a little piece of to participate in the very important structural theme, which is not slowing down at all.

This is right in the heart of e-commerce alongside of Amazon (AMZN-Q). It really is a juggernaut, growing at a tremendous rate. The most recent quarter revenues were up 63% and earnings were up 65%. The Internet stocks have had a tremendous year, especially Internet retail as a whole. It’s one you could have a little piece of to participate in the very important structural theme, which is not slowing down at all.

0
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$176.470
Owned Owned
Unknown

COMMENT
BCE Inc.(BCE-T) 

December 13, 2017

There are some structural challenges in wire line telecoms, which historically get tied to interest rates. We have seen the secular long-term low in interest rates in June 2016, and we are unlikely to revisit them. Expect that rates move higher from here. This is not the #1 company he would choose in the group. Prefers Telus (T-T).

telephone utilities

There are some structural challenges in wire line telecoms, which historically get tied to interest rates. We have seen the secular long-term low in interest rates in June 2016, and we are unlikely to revisit them. Expect that rates move higher from here. This is not the #1 company he would choose in the group. Prefers Telus (T-T).

telephone utilities
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$62.800
Owned Owned
Unknown

COMMENT
Blackstone Group LP(BX-N) 

December 13, 2017

This is really focused in private equity. He prefers to invest in companies that are in public securities. In 2000, when the stock market rolled over, investors slowly stopped investing in public markets and started making private equity investments because they weren't priced every day, and were not subject to the same kind of compliance and regulations that you were in public companies. In 2013, we began a new bull market in public market equities, so he would rather invest in companies that manage public market equities rather than private equities.

investment companies/funds

This is really focused in private equity. He prefers to invest in companies that are in public securities. In 2000, when the stock market rolled over, investors slowly stopped investing in public markets and started making private equity investments because they weren't priced every day, and were not subject to the same kind of compliance and regulations that you were in public companies. In 2013, we began a new bull market in public market equities, so he would rather invest in companies that manage public market equities rather than private equities.

investment companies/funds
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$31.990
Owned Owned
Unknown

DON'T BUY

(Market Call Minute.) The media group has been very tricky and is one he would avoid right now.

entertainment services

(Market Call Minute.) The media group has been very tricky and is one he would avoid right now.

entertainment services
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$11.630
Owned Owned
No

BUY
Cargojet Inc(CJT-T) 

December 13, 2017

He really likes the transport sector as a whole. This company is a great business moving cargo for Air Canada (AC-T). Technically, the stock just recently broke out after having consolidated back to October 2015.

Transportation & Environmental Services

He really likes the transport sector as a whole. This company is a great business moving cargo for Air Canada (AC-T). Technically, the stock just recently broke out after having consolidated back to October 2015.

Transportation & Environmental Services
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$55.900
Owned Owned
Yes

TOP PICK
Comerica Inc(CMA-N) 

December 13, 2017

This is a $70 billion regional bank. Next year, the CCAR limit will rise up to $200 billion, so this bank will not have to go through that very expensive process. Compliance costs for them are coming down if deregulation hits. This is a big beneficiary of lower tax rates. There is improved commercial lending going on in the US and they benefit from that. 90% of their loans our floating rate loans. Dividend yield of 1.4%. (Analysts' price target is $83.)

banks

This is a $70 billion regional bank. Next year, the CCAR limit will rise up to $200 billion, so this bank will not have to go through that very expensive process. Compliance costs for them are coming down if deregulation hits. This is a big beneficiary of lower tax rates. There is improved commercial lending going on in the US and they benefit from that. 90% of their loans our floating rate loans. Dividend yield of 1.4%. (Analysts' price target is $83.)

banks
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$84.810
Owned Owned
Yes

BUY
Canadian Natural Rsrcs(CNQ-T) 

December 13, 2017

Canadian Natural Resources (CNQ-T) or Suncor (SU-T) for a longer outlook for gains? They are almost interchangeable. They are the 2 quality companies in the Canadian oil patch, and the 2 that have been able to purchase assets at good prices, while other companies were down. He owns both, and it is a coin toss as to which would do better in the next couple of years. He would be a buyer of both.

oil/gas

Canadian Natural Resources (CNQ-T) or Suncor (SU-T) for a longer outlook for gains? They are almost interchangeable. They are the 2 quality companies in the Canadian oil patch, and the 2 that have been able to purchase assets at good prices, while other companies were down. He owns both, and it is a coin toss as to which would do better in the next couple of years. He would be a buyer of both.

oil/gas
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$43.400
Owned Owned
Yes

COMMENT

Energy has been a sloppy sector this year, and this has not been one of the stronger holdings. He doesn't like this as an investment. However, it is under pressure with tax loss selling. If he were going to do something with it, he would probably get through year end and see how it begins to trade at the beginning of the year. There will be some bottom fishing at the beginning of the year with people looking for things that were under pressure from tax loss selling. The energy sector can improve a little here. Longer-term, he would be a seller of this.

oil/gas

Energy has been a sloppy sector this year, and this has not been one of the stronger holdings. He doesn't like this as an investment. However, it is under pressure with tax loss selling. If he were going to do something with it, he would probably get through year end and see how it begins to trade at the beginning of the year. There will be some bottom fishing at the beginning of the year with people looking for things that were under pressure from tax loss selling. The energy sector can improve a little here. Longer-term, he would be a seller of this.

oil/gas
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$8.700
Owned Owned
Unknown

Showing 1 to 30 of 171,384 entries
<< < 1 2 3 4 5 > >>
 
Successfully Saved Company