Recent Opinions with Comments from our Viewers | StockChase

Opinions Table


Signal Opinion Expert
PAST TOP PICK
Aegon N.V.(AEG-N) 

December 8, 2017

(A Top Pick Dec 22/16. Up 17%.) A huge Dutch company that is in many, many countries. This could go up quite a bit. He can see it getting back over $20.

Financial Services

(A Top Pick Dec 22/16. Up 17%.) A huge Dutch company that is in many, many countries. This could go up quite a bit. He can see it getting back over $20.

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$6.190
Owned Owned
Yes

BUY

He loves ZWB-T and it is a great way to hold the banks.  But he sold out, taking profits, putting it into ZWU-T.  This is a lot more interest rate sensitive.  ZWU-T will outperform in a market correction as utilities are more defensive.

E.T.F.'s

He loves ZWB-T and it is a great way to hold the banks.  But he sold out, taking profits, putting it into ZWU-T.  This is a lot more interest rate sensitive.  ZWU-T will outperform in a market correction as utilities are more defensive.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$13.980
Owned Owned
Yes

HOLD
CCL Industries (B)(CCL.B-T) 

November 30, 2017

It stumbled a bit in the last 6 months since their last acquisition.  They have a tremendous track record with acquisitions and adding to cash flow.  He does not see much multiple expansion in their future.

packaging/containers

It stumbled a bit in the last 6 months since their last acquisition.  They have a tremendous track record with acquisitions and adding to cash flow.  He does not see much multiple expansion in their future.

packaging/containers
Don Lato

President, Padlock Investment M...

PricePrice
$59.790
Owned Owned
Yes

BUY
Capital Power(CPX-T) 

November 30, 2017

It is a good entry point.  Their legacy business was coal powered generation.  They are transforming these plants to natural gas and collecting a termination payment from the province.  The yield is close to 7% and the dividend has grown steadily.  The strategy is sound and the entry point looks good.

electrical utilities

It is a good entry point.  Their legacy business was coal powered generation.  They are transforming these plants to natural gas and collecting a termination payment from the province.  The yield is close to 7% and the dividend has grown steadily.  The strategy is sound and the entry point looks good.

electrical utilities
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$24.370
Owned Owned
Unknown

TOP PICK
Quarterhill Inc(QTRH-T) 

November 24, 2017

Revenues last year were $93 million. Last quarter, they were $85 million. Made about $22 million, and the stock price, which he thought would really jump, came down. One of the reasons could be that a bulletin board  “Stock House” had said he had “pumped and dumped” this stock, which is something he never does. Dividend yield of 2.3%. (Analysts’ price target is $2.75.)

electrical/electronic

Revenues last year were $93 million. Last quarter, they were $85 million. Made about $22 million, and the stock price, which he thought would really jump, came down. One of the reasons could be that a bulletin board  “Stock House” had said he had “pumped and dumped” this stock, which is something he never does. Dividend yield of 2.3%. (Analysts’ price target is $2.75.)

electrical/electronic
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$2.170
Owned Owned
Yes

COMMENT
TorstarCorp (B)(TS.B-T) 

November 24, 2017

Prem Watsa owns about 40.1% of the common shares. Do you buy this for capital appreciation, the dividend, or perhaps for the breakup value later on? That is definitely a good signal. It could be a good contrarian pick now. They have no debt, and the dividend is over 6%. The high dividend is a danger signal. This is risky.

publishing/printing

Prem Watsa owns about 40.1% of the common shares. Do you buy this for capital appreciation, the dividend, or perhaps for the breakup value later on? That is definitely a good signal. It could be a good contrarian pick now. They have no debt, and the dividend is over 6%. The high dividend is a danger signal. This is risky.

publishing/printing
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$1.550
Owned Owned
No

COMMENT
Emera Inc(EMA-T) 

November 22, 2017

Long-term hold? Canada has a number of Public utility companies, and a couple of them, such as this one and Fortis (FTS-T), are what he would call growth utility companies, where they don’t just stick to the market they are in, but are active acquirers and growers in other geographies, mostly in the US. He looks at this as being the leading Canadian growth utility company, and sees them continuing to grow their earnings in Canada, and more so outside Canada. Interest rate sensitive, so if interest rates go down, the stock does better. For a long-term investor, companies like this should be a part of your portfolio.

mngmnt/diversified

Long-term hold? Canada has a number of Public utility companies, and a couple of them, such as this one and Fortis (FTS-T), are what he would call growth utility companies, where they don’t just stick to the market they are in, but are active acquirers and growers in other geographies, mostly in the US. He looks at this as being the leading Canadian growth utility company, and sees them continuing to grow their earnings in Canada, and more so outside Canada. Interest rate sensitive, so if interest rates go down, the stock does better. For a long-term investor, companies like this should be a part of your portfolio.

mngmnt/diversified
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$48.420
Owned Owned
Unknown

PAST TOP PICK
Knight Therapeutics(GUD-T) 

November 17, 2017

(A Top Pick Dec 14/16. Down 19%.) Jonathan Goodman is a man of great patience and enormous wealth, which he got out of his first company. You have to be patient with this. 

(A Top Pick Dec 14/16. Down 19%.) Jonathan Goodman is a man of great patience and enormous wealth, which he got out of his first company. You have to be patient with this. 

0
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$8.070
Owned Owned
Yes

N/A
General Market Comment 

November 15, 2017

Energy. He made the decision to leverage up earlier this year and buy some oil stocks, on the belief that the macro for oil was and is continuing to improve with the continued drawdown in the oil glut. With the passage in time due to strong demand growth, compliance by OPEC and by faltering US production growth, means inventories will draw, and would normalize towards a more normal oil market. At the end of October, the OEC inventory glut fell by 60% and should continue. Oil is up on the year, and yet his fund is still down 38%, a huge disconnect between the commodity price and stocks. This is because energy has been the worst performing sector on the planet. There is an OPEC meeting on the 30th and an element of uncertainty as to whether the agreement will be extended to the end of 2018. Oil is up 2 days ago, making a two-year high. Inventories are falling at the fastest pace in history. He is hoping that in the next couple of weeks buyers will come back, recognizing the opportunities that are available.

Energy. He made the decision to leverage up earlier this year and buy some oil stocks, on the belief that the macro for oil was and is continuing to improve with the continued drawdown in the oil glut. With the passage in time due to strong demand growth, compliance by OPEC and by faltering US production growth, means inventories will draw, and would normalize towards a more normal oil market. At the end of October, the OEC inventory glut fell by 60% and should continue. Oil is up on the year, and yet his fund is still down 38%, a huge disconnect between the commodity price and stocks. This is because energy has been the worst performing sector on the planet. There is an OPEC meeting on the 30th and an element of uncertainty as to whether the agreement will be extended to the end of 2018. Oil is up 2 days ago, making a two-year high. Inventories are falling at the fastest pace in history. He is hoping that in the next couple of weeks buyers will come back, recognizing the opportunities that are available.

Unknown
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$0.020
Owned Owned
_N/A

COMMENT
Torc Oil & Gas Ltd(TOG-T) 

November 15, 2017

This company runs a very good shop when it comes to keeping the cost structure low and declines in check. The team is at the top of his list. He is looking for a little more torque to the coming inflection and sentiment towards oil, so would rather find names that are a little more beaten down. Dividend yield of 3.7%, which is sustainable at today’s oil prices.

oil/gas

This company runs a very good shop when it comes to keeping the cost structure low and declines in check. The team is at the top of his list. He is looking for a little more torque to the coming inflection and sentiment towards oil, so would rather find names that are a little more beaten down. Dividend yield of 3.7%, which is sustainable at today’s oil prices.

oil/gas
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$6.490
Owned Owned
Unknown

COMMENT
Yangarra Resources(YGR-T) 

November 15, 2017

For a small-cap Canadian oil stock, this has done phenomenally well. It’s one of the names that you always find an excuse not to own, and then kick yourself a couple of months later. One of the few oil names that is actually up this year. He would just stick this one aside, forget that you own, and look at it a couple of years from now.

For a small-cap Canadian oil stock, this has done phenomenally well. It’s one of the names that you always find an excuse not to own, and then kick yourself a couple of months later. One of the few oil names that is actually up this year. He would just stick this one aside, forget that you own, and look at it a couple of years from now.

0
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$4.340
Owned Owned
Unknown

COMMENT
Quarterhill Inc(QTRH-T) 

November 14, 2017

When they changed, he thought they might be able to get rid of the WiLan issues. They couldn’t put a consistent quarter together if their life depended on it. The quarter before, blew out estimates because they had some really big settlements with patent litigations. However, the recent quarter was not great, missing estimates and not doing what people expected. A pretty cheap company. Diversifying into an Internet of Things company, and he kind of likes the space they are trying to get into. It’s very hard to get excited about this company.

electrical/electronic

When they changed, he thought they might be able to get rid of the WiLan issues. They couldn’t put a consistent quarter together if their life depended on it. The quarter before, blew out estimates because they had some really big settlements with patent litigations. However, the recent quarter was not great, missing estimates and not doing what people expected. A pretty cheap company. Diversifying into an Internet of Things company, and he kind of likes the space they are trying to get into. It’s very hard to get excited about this company.

electrical/electronic
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$2.110
Owned Owned
Unknown

PAST TOP PICK
Spin Master Corp(TOY-T) 

November 14, 2017

(A Top Pick Sept 30/16. Up 56%.) A great Canadian story. He still likes this. They are very innovative. Last year they had Hatchimals, which was a blockbuster product, but doesn’t expect them to have the same sales this year. There is also the Toys “R” Us bankruptcy issues which might create some disruption in the short-term. Wait for 3 months until their holiday results come through.

(A Top Pick Sept 30/16. Up 56%.) A great Canadian story. He still likes this. They are very innovative. Last year they had Hatchimals, which was a blockbuster product, but doesn’t expect them to have the same sales this year. There is also the Toys “R” Us bankruptcy issues which might create some disruption in the short-term. Wait for 3 months until their holiday results come through.

0
Ryan Modesto

Managing Partner, 5i Research...

PricePrice
$15.150
Owned Owned
No

WEAK BUY

He loves covered call strategies.  They are very active managers and he thinks they do a very good job of it.  The last few years have been an up market in the healthcare market.  XLV-N is the broad US healthcare market.  You have a much better return with HHL-T because of the dividend as well.  It is a good way to hold healthcare late in the cycle.

E.T.F.'s

He loves covered call strategies.  They are very active managers and he thinks they do a very good job of it.  The last few years have been an up market in the healthcare market.  XLV-N is the broad US healthcare market.  You have a much better return with HHL-T because of the dividend as well.  It is a good way to hold healthcare late in the cycle.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$8.300
Owned Owned
No

COMMENT
KKR & Co. LP(KKR-N) 

November 8, 2017

Has been a strong performer. The story hasn't changed for a number of years. When credit spreads blew out in the 1st part of 2016, this company did a good job of clawing its way back. A lot of good things are happening in the company. They still have the ability to raise a lot of capital. Assets under management year-over-year has very strong growth. Performance has been very good, which leads to performance fees they've been collecting. This is a core holding in her portfolio.

Has been a strong performer. The story hasn't changed for a number of years. When credit spreads blew out in the 1st part of 2016, this company did a good job of clawing its way back. A lot of good things are happening in the company. They still have the ability to raise a lot of capital. Assets under management year-over-year has very strong growth. Performance has been very good, which leads to performance fees they've been collecting. This is a core holding in her portfolio.

0
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment ...

PricePrice
$19.760
Owned Owned
Yes

TOP PICK
Fairfax Financial(FFH-T) 

October 31, 2017

Has been watching this for a very long time. He likes Prem Watsa and the company, but Prem was doing some goofy things with hedging, etc. and it showed in the stock price. He just bought this and thinks there is a lot more room to go. Prem has got back to the basics of investing, and he thinks this is going right back to the top of its trading range of around $750. (Analysts' price target is $699.16.)

insurance

Has been watching this for a very long time. He likes Prem Watsa and the company, but Prem was doing some goofy things with hedging, etc. and it showed in the stock price. He just bought this and thinks there is a lot more room to go. Prem has got back to the basics of investing, and he thinks this is going right back to the top of its trading range of around $750. (Analysts' price target is $699.16.)

insurance
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$679.410
Owned Owned
Yes

COMMENT
Novartis AG(NVS-N) 

October 26, 2017

This has 3 things going for it. It is an international stock being Swedish, and European stocks have been stronger than US stocks for the 1st time in 10 years, and that should continue. Secondly, it is in healthcare which he likes. Thirdly, they’ve been doing a lot of research in immune boosting therapy, helping people fight cancer. This is going to be huge as we have so much further to go in fighting this scourge.

biotechnology/pharmaceutical

This has 3 things going for it. It is an international stock being Swedish, and European stocks have been stronger than US stocks for the 1st time in 10 years, and that should continue. Secondly, it is in healthcare which he likes. Thirdly, they’ve been doing a lot of research in immune boosting therapy, helping people fight cancer. This is going to be huge as we have so much further to go in fighting this scourge.

biotechnology/pharmaceutical
John Burke

CEO & CIO, Burke Financial Stra...

PricePrice
$80.910
Owned Owned
Unknown

DON'T BUY
Enbridge(ENB-T) 

October 23, 2017

It is one of the quality companies.  The risk is that rates start rising and there is a fair amount of debt on the books.  They are professional managers and can handle that kind of debt increase.  The issue for them is that in this country we have an anti-pipe attitude.  He is worried about the growth on this one.  It is well managed although there will be some headwinds on rate rises.  He is not in the sector because he does not know where the growth comes from.

oil/gas pipelines

It is one of the quality companies.  The risk is that rates start rising and there is a fair amount of debt on the books.  They are professional managers and can handle that kind of debt increase.  The issue for them is that in this country we have an anti-pipe attitude.  He is worried about the growth on this one.  It is well managed although there will be some headwinds on rate rises.  He is not in the sector because he does not know where the growth comes from.

oil/gas pipelines
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$49.380
Owned Owned
No

SELL
CCL Industries (B)(CCL.B-T) 

October 20, 2017

Specializes in labels and have been acquiring mom-and-pop operators. A very successful business model of acquisitions. Because it was getting a little pricey, he recently sold his holdings. If you own, take your profit and run.

packaging/containers

Specializes in labels and have been acquiring mom-and-pop operators. A very successful business model of acquisitions. Because it was getting a little pricey, he recently sold his holdings. If you own, take your profit and run.

packaging/containers
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$63.580
Owned Owned
No

COMMENT
Linamar Corp(LNR-T) 

October 17, 2017

He sees a ceiling of $100. It is currently at $70.26. His model price is $132.82, a 70% potential upside, but this is a cyclical. The stock dropped so much because everyone thought we were at peak auto, but this company’s worked through that and has gone higher. He sees better potential elsewhere.

transportation equip & components

He sees a ceiling of $100. It is currently at $70.26. His model price is $132.82, a 70% potential upside, but this is a cyclical. The stock dropped so much because everyone thought we were at peak auto, but this company’s worked through that and has gone higher. He sees better potential elsewhere.

transportation equip & components
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$78.980
Owned Owned
Unknown

COMMENT
Pembina Pipeline Corp(PPL-T) 

October 17, 2017

Closed at $42.91, and he has a model price of $53.25, a 24% premium over the current price. If it got $39.51, it would be interesting. Remember that in the 1st part of 2016, the stock was basically down to about $27. It’s had a good recovery. Feels that a lot of interest sensitive stocks are meeting a lot of competition as interest rates move higher.

pipelines

Closed at $42.91, and he has a model price of $53.25, a 24% premium over the current price. If it got $39.51, it would be interesting. Remember that in the 1st part of 2016, the stock was basically down to about $27. It’s had a good recovery. Feels that a lot of interest sensitive stocks are meeting a lot of competition as interest rates move higher.

pipelines
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$42.390
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

October 16, 2017

When you have an unusually high dividend, it is sometimes an opportunity but more often it is a sign that the market is selling off the stock thinking there is worse times coming.  ALA-T is in a down trend.  Until lower lows and lower highs stop, it is in a downward trend.  The market may be forecasting a cut in the dividend.

oil/gas

When you have an unusually high dividend, it is sometimes an opportunity but more often it is a sign that the market is selling off the stock thinking there is worse times coming.  ALA-T is in a down trend.  Until lower lows and lower highs stop, it is in a downward trend.  The market may be forecasting a cut in the dividend.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$28.430
Owned Owned
Unknown

PAST TOP PICK
CSX Corp(CSX-Q) 

October 13, 2017

(A Top Pick Jan 27/17. Up 12%.) This is a Hunter Harrison story. He is turning the company around. The unions and clients were getting unhappy, and if he works his magic as he has done in the past, we should see continued upside from here. Still a Buy.

Transportation

(A Top Pick Jan 27/17. Up 12%.) This is a Hunter Harrison story. He is turning the company around. The unions and clients were getting unhappy, and if he works his magic as he has done in the past, we should see continued upside from here. Still a Buy.

Transportation
Darren Sissons

Vice President and Partner, Campbell Lee & Ross...

PricePrice
$52.830
Owned Owned
Yes

TOP PICK
CCL Industries (B)(CCL.B-T) 

October 12, 2017

They make acquisitions, pulling costs out of the business.  They keep repeating.  They have organic growth.  The stock has been consolidating recently.  Executives have a decent amount of stock.  It looks like it is about to reaccelerate.

packaging/containers

They make acquisitions, pulling costs out of the business.  They keep repeating.  They have organic growth.  The stock has been consolidating recently.  Executives have a decent amount of stock.  It looks like it is about to reaccelerate.

packaging/containers
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$63.960
Owned Owned
Yes

COMMENT
Bank of Nova Scotia(BNS-T) 

October 4, 2017

(Market Call Minute.) Bank of Canada is raising rates. Margins are starting to increase. They’ll probably take a write down or hit with their Caribbean operations.

banks

(Market Call Minute.) Bank of Canada is raising rates. Margins are starting to increase. They’ll probably take a write down or hit with their Caribbean operations.

banks
David Driscoll

President & CEO, Liberty Internationa...

PricePrice
$80.700
Owned Owned
Unknown

PAST TOP PICK
Goldcorp Inc(G-T) 

September 29, 2017

(A Top Pick Oct 19/16. Down 19%.) This was a call on the gold sector generally. The new CEO has a 20/20/20 plan of increasing reserves by 20%, increasing production by 20% and cutting costs by 20%. He is getting there. He still likes this.

precious metals

(A Top Pick Oct 19/16. Down 19%.) This was a call on the gold sector generally. The new CEO has a 20/20/20 plan of increasing reserves by 20%, increasing production by 20% and cutting costs by 20%. He is getting there. He still likes this.

precious metals
Gavin Graham

Trustee, Pointbreak ETFs...

PricePrice
$16.200
Owned Owned
Yes

COMMENT
Linamar Corp(LNR-T) 

September 29, 2017

Had recommended selling this about 18 months ago, because it looked like the auto cycle was peaking out. A wonderful company, but the major problem is that North American car sales have rolled over. You don’t want to be in this at the wrong cycle, which is where we now are.

transportation equip & components

Had recommended selling this about 18 months ago, because it looked like the auto cycle was peaking out. A wonderful company, but the major problem is that North American car sales have rolled over. You don’t want to be in this at the wrong cycle, which is where we now are.

transportation equip & components
Gavin Graham

Trustee, Pointbreak ETFs...

PricePrice
$76.140
Owned Owned
Unknown

HOLD
Diamcor Mining Inc.(DMI-X) 

September 28, 2017

South African mining.  It has been quite disappointing.  They had a hiccup in their production.  He still owns it.  They have been finding larger karats but have had a bit of a water issue.  You need to continue to hold it. 

Mining

South African mining.  It has been quite disappointing.  They had a hiccup in their production.  He still owns it.  They have been finding larger karats but have had a bit of a water issue.  You need to continue to hold it. 

Mining
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc...

PricePrice
$0.590
Owned Owned
Yes

COMMENT
Hudson Bay Co.(HBC-T) 

September 28, 2017

This one is hard. Missed on Q2 again, where they missed $.90. Margin compression was an issue again. There are headwinds for retail, especially for department stores. However Saks did beat their best comp in 2 years. HBC also had some pretty good comps. There are better trends in retail so far for Q3, and there is optimism for the 2nd half. This is a risky name. It is very hard to model, as they don’t have any clear earnings path. When stocks are really hard to model, often they are the best buy.

department stores

This one is hard. Missed on Q2 again, where they missed $.90. Margin compression was an issue again. There are headwinds for retail, especially for department stores. However Saks did beat their best comp in 2 years. HBC also had some pretty good comps. There are better trends in retail so far for Q3, and there is optimism for the 2nd half. This is a risky name. It is very hard to model, as they don’t have any clear earnings path. When stocks are really hard to model, often they are the best buy.

department stores
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$13.130
Owned Owned
Yes

HOLD
Linamar Corp(LNR-T) 

September 22, 2017

Historically this has done very well in the springtime from February to May of each year, but recently, the stock has done better than that. All auto stocks have been moving very, very strongly higher during the last few weeks, but is not related to seasonality. Technically, this is currently in an upward trend and just broke to new highs. Short-term momentum indicators are doing well also. Stick with it for now.

transportation equip & components

Historically this has done very well in the springtime from February to May of each year, but recently, the stock has done better than that. All auto stocks have been moving very, very strongly higher during the last few weeks, but is not related to seasonality. Technically, this is currently in an upward trend and just broke to new highs. Short-term momentum indicators are doing well also. Stick with it for now.

transportation equip & components
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$74.940
Owned Owned
Unknown

HOLD
Linamar Corp(LNR-T) 

September 21, 2017

Ten year investment?  This is tough.  They are great at execution and built a great business.  He likes the auto group but there is improvement happening in various parts of the world.  If he had a choice, he would buy MG-T (which he owns) over LNR-T, which is a hold.  There are no transmissions in an electric vehicle.

transportation equip & components

Ten year investment?  This is tough.  They are great at execution and built a great business.  He likes the auto group but there is improvement happening in various parts of the world.  If he had a choice, he would buy MG-T (which he owns) over LNR-T, which is a hold.  There are no transmissions in an electric vehicle.

transportation equip & components
David Burrows

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

PricePrice
$73.850
Owned Owned
No

COMMENT

He likes this company. Real estate has headwinds, but this company has a tailwind because it is industrial. Also, they are buying assets in the US which has extensive corridors with a population base where there would be some desired locations to own in the Midwest and in secondary cities. Yield is around 5%. They are pretty good at what they do. He would like to own this, but at the right price.

property mngmnt/investment

He likes this company. Real estate has headwinds, but this company has a tailwind because it is industrial. Also, they are buying assets in the US which has extensive corridors with a population base where there would be some desired locations to own in the Midwest and in secondary cities. Yield is around 5%. They are pretty good at what they do. He would like to own this, but at the right price.

property mngmnt/investment
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$6.480
Owned Owned
No

TOP PICK
Altagas Ltd(ALA-T) 

September 13, 2017

Incredibly cheap, and mispriced. The market doesn’t like that they made a transformational acquisition of WGL, the US utility. It is going to have to go through a year’s worth of regulatory reviews, but it will double their earnings, and effectively their yields and dividends will increase in about a year’s time. They beat numbers last quarter. Dividend yield of 7.6%. (Analysts’ price target is $33.)

oil/gas

Incredibly cheap, and mispriced. The market doesn’t like that they made a transformational acquisition of WGL, the US utility. It is going to have to go through a year’s worth of regulatory reviews, but it will double their earnings, and effectively their yields and dividends will increase in about a year’s time. They beat numbers last quarter. Dividend yield of 7.6%. (Analysts’ price target is $33.)

oil/gas
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$27.590
Owned Owned
Yes

COMMENT
Microsoft(MSFT-Q) 

September 13, 2017

Had a great run. When he bought it, it was on a free cash flow yield basis of about 12%. Now it sits with a 5%-6% free cash flow yield. Their Cloud-based business has exploded upwards. Office Suite 65 has done incredibly well. The only issue is valuation. It used to trade at 10X earnings, but now trades at 25X. If you take out the cash, it is more like 15X. Thinks there is more upside, but he is cautious. He is going to look at this in the next couple of weeks as to what he is going to do with reallocating.

computer software/processing

Had a great run. When he bought it, it was on a free cash flow yield basis of about 12%. Now it sits with a 5%-6% free cash flow yield. Their Cloud-based business has exploded upwards. Office Suite 65 has done incredibly well. The only issue is valuation. It used to trade at 10X earnings, but now trades at 25X. If you take out the cash, it is more like 15X. Thinks there is more upside, but he is cautious. He is going to look at this in the next couple of weeks as to what he is going to do with reallocating.

computer software/processing
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Ma...

PricePrice
$75.210
Owned Owned
Yes

TOP PICK
JP Morgan Chase & Co(JPM-N) 

August 30, 2017

He is a big fan of management and the business. Their latest quarter was excellent, for one main reason; every sector of the business is firing on all cylinders. Also, the board just approved the quarterly dividend being increased by $.56. They are basically going to return about $21 billion to shareholders over the next 12 months. Dividend yield of 2.2%. (Analysts’ price target is $96.)

Financial Services

He is a big fan of management and the business. Their latest quarter was excellent, for one main reason; every sector of the business is firing on all cylinders. Also, the board just approved the quarterly dividend being increased by $.56. They are basically going to return about $21 billion to shareholders over the next 12 months. Dividend yield of 2.2%. (Analysts’ price target is $96.)

Financial Services
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$91.310
Owned Owned
Yes

BUY

This has gone from around $21 to $19 and the yield is about 5.1%. A good entry point.

E.T.F.'s

This has gone from around $21 to $19 and the yield is about 5.1%. A good entry point.

E.T.F.'s
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$18.080
Owned Owned
Unknown

PAST TOP PICK

(Top Pick Jun 23/16,  Up 8.60%) The dividend will grow over the years.  It had an earnings miss, but the acquisition of VET-T will help them.  He continues to hold it.

pipelines

(Top Pick Jun 23/16,  Up 8.60%) The dividend will grow over the years.  It had an earnings miss, but the acquisition of VET-T will help them.  He continues to hold it.

pipelines
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$39.980
Owned Owned
Yes

WEAK BUY

ZUB-T vs. BAC-N.  ZUB-T is hedged back to CAD$ and is an equal weight mix of US banks.  With the economies strengthening around the world these banks can do well.  He feels ZUK-T would be okay without the hedging.

E.T.F.'s

ZUB-T vs. BAC-N.  ZUB-T is hedged back to CAD$ and is an equal weight mix of US banks.  With the economies strengthening around the world these banks can do well.  He feels ZUK-T would be okay without the hedging.

E.T.F.'s
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$25.800
Owned Owned
Unknown

DON'T BUY
Inter Pipeline(IPL-T) 

August 23, 2017

He has lots of pipeline and mid-stream companies.  They all are challenged with where they get the next growth.  They are all buying other businesses.  If IPL-T’s acquisition works it will be a good business to be in. 

oil pipelines

He has lots of pipeline and mid-stream companies.  They all are challenged with where they get the next growth.  They are all buying other businesses.  If IPL-T’s acquisition works it will be a good business to be in. 

oil pipelines
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$23.150
Owned Owned
No

BUY
Shopify Inc.(SHOP-T) 

August 22, 2017

It is a very expensive name.  SHOP-T is in bed with AMZN-Q.  It is a story about technology facilitating online shopping.  They are growing very rapidly.  They have net cash, even though they are losing money.  If it were to crack then investors would sell this name first.  The business is very solid.  He likes it.

It is a very expensive name.  SHOP-T is in bed with AMZN-Q.  It is a story about technology facilitating online shopping.  They are growing very rapidly.  They have net cash, even though they are losing money.  If it were to crack then investors would sell this name first.  The business is very solid.  He likes it.

0
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$123.880
Owned Owned
Yes

TOP PICK
Arc Resources Ltd(ARX-T) 

August 18, 2017

Oil and gas company, mostly natural gas, mostly in BC.  A lot of that is explaining why it is acting as it is in the short term.  It has a secure dividend.  The problem is that it is in BC. He likes natural gas.  Buy things when they are beaten up. 

oil/gas

Oil and gas company, mostly natural gas, mostly in BC.  A lot of that is explaining why it is acting as it is in the short term.  It has a secure dividend.  The problem is that it is in BC. He likes natural gas.  Buy things when they are beaten up. 

oil/gas
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$15.790
Owned Owned
Yes

TOP PICK
Enbridge(ENB-T) 

August 17, 2017

It traded at a 5 year high yesterday.  They are raising the dividend 12% through 2020.  Yield and growth.  It has pulled back to a nice entry point.  (Analysts’ target: $62.00).

oil/gas pipelines

It traded at a 5 year high yesterday.  They are raising the dividend 12% through 2020.  Yield and growth.  It has pulled back to a nice entry point.  (Analysts’ target: $62.00).

oil/gas pipelines
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$49.610
Owned Owned
Yes

SELL
Canexus Corp(CUS-T) 

August 16, 2017

This has had tremendous momentum in revenue growth and sales growth. Provides logistics software to large multinational companies to help them manage delivery of product to customers. In a company that has had high momentum, if you disappoint you get punished. It appears Samsung is not going to continue to pay for their product. If you own, use its recent strength as an exit.

INDUSTRIAL PRODUCTS

This has had tremendous momentum in revenue growth and sales growth. Provides logistics software to large multinational companies to help them manage delivery of product to customers. In a company that has had high momentum, if you disappoint you get punished. It appears Samsung is not going to continue to pay for their product. If you own, use its recent strength as an exit.

INDUSTRIAL PRODUCTS
David Burrows

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

PricePrice
$1.640
Owned Owned
Unknown

PAST TOP PICK
Exxon Mobil(XOM-N) 

August 4, 2017

(A Top Pick June 23/16. Down 9.46%.) He loves this one. It is cheap in terms of valuation. Looking back to 1994, it has never been this cheap. His model price is $75.77, 5% lower than the stock price. In terms of balance sheet valuation, he doesn’t think we have ever seen the stock this cheap. Dividend yield of almost 4%.

integrated oils

(A Top Pick June 23/16. Down 9.46%.) He loves this one. It is cheap in terms of valuation. Looking back to 1994, it has never been this cheap. His model price is $75.77, 5% lower than the stock price. In terms of balance sheet valuation, he doesn’t think we have ever seen the stock this cheap. Dividend yield of almost 4%.

integrated oils
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$80.210
Owned Owned
Yes

COMMENT
Apple(AAPL-Q) 

August 1, 2017

Just reported and looks like they had a pretty decent quarter. He would caution that on a very long-term perspective, leaders eventually always get toppled. This one probably has a more sustainable handset model than any of the previous leaders. Sales climbed like crazy for many years, but are basically flat lining now. They will be under margin pressure because they’ve filled the market with their high-priced phones, but the broader population in the emerging markets can’t afford an iPhone. He sees Android taking a bigger and bigger market share. He would be cautious.

electrical/electronic

Just reported and looks like they had a pretty decent quarter. He would caution that on a very long-term perspective, leaders eventually always get toppled. This one probably has a more sustainable handset model than any of the previous leaders. Sales climbed like crazy for many years, but are basically flat lining now. They will be under margin pressure because they’ve filled the market with their high-priced phones, but the broader population in the emerging markets can’t afford an iPhone. He sees Android taking a bigger and bigger market share. He would be cautious.

electrical/electronic
Alex Ruus

Portfolio Manager, Arrow Capital Manage...

PricePrice
$150.050
Owned Owned
No

DON'T BUY
Shopify Inc.(SHOP-T) 

August 1, 2017

The market leader in what it does. They help small businesses get an online presence effectively. They’ll become profitable eventually. At these levels, you are factoring in 10-20 years of growth, and taking a lot of risk. The company has not made a penny of earnings yet. If it went down 50%-60% he would be interested, but not at these levels.

The market leader in what it does. They help small businesses get an online presence effectively. They’ll become profitable eventually. At these levels, you are factoring in 10-20 years of growth, and taking a lot of risk. The company has not made a penny of earnings yet. If it went down 50%-60% he would be interested, but not at these levels.

0
Alex Ruus

Portfolio Manager, Arrow Capital Manage...

PricePrice
$130.610
Owned Owned
No

BUY

A stock that has a different approach than your typical Canadian stock in that they are in the Caribbean and in Central and South America. Economically, those areas are growing at a much faster pace than the Canadian and US economies.

banks

A stock that has a different approach than your typical Canadian stock in that they are in the Caribbean and in Central and South America. Economically, those areas are growing at a much faster pace than the Canadian and US economies.

banks
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$77.470
Owned Owned
Yes

COMMENT

Continues to execute very well. Every time they made acquisitions they announce synergies, and the synergies happen faster and usually happen bigger than what they initially told the market. Recently did a fairly large secondary offering that came out of the principals of the company, where they took some money out. That was a fairly big issue that had to get digested by the market. The stock price has languished a little, strictly on money flow, not because of the business. Management feels there are tons of consolidation left globally.

packaging/containers

Continues to execute very well. Every time they made acquisitions they announce synergies, and the synergies happen faster and usually happen bigger than what they initially told the market. Recently did a fairly large secondary offering that came out of the principals of the company, where they took some money out. That was a fairly big issue that had to get digested by the market. The stock price has languished a little, strictly on money flow, not because of the business. Management feels there are tons of consolidation left globally.

packaging/containers
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$60.250
Owned Owned
Unknown

WAIT

Thought this was a little expensive for some time, and yet it kept moving up. It is definitely overpriced at present levels. Multiples are quite high. The dividend is nothing to write home about. He would sit on the sidelines and see what happens over the next while.

Transportation

Thought this was a little expensive for some time, and yet it kept moving up. It is definitely overpriced at present levels. Multiples are quite high. The dividend is nothing to write home about. He would sit on the sidelines and see what happens over the next while.

Transportation
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$99.000
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick July 8/16. Down 49.62%.) The recovery in oil prices has been a lot slower than he had anticipated. The company is well-run. They can make money at present oil prices.

oil/gas

(A Top Pick July 8/16. Down 49.62%.) The recovery in oil prices has been a lot slower than he had anticipated. The company is well-run. They can make money at present oil prices.

oil/gas
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$9.830
Owned Owned
Yes

BUY
Fortis Inc.(FTS-T) 

July 26, 2017

A good utility. Feels interest rates are going to increase, but at a relatively slow rate. If you want a good, solid dividend paying stock, and a management that has been good in its takeovers, this one does a great job. They tend to increase dividends and revenues at a steady rate.

electrical utilities

A good utility. Feels interest rates are going to increase, but at a relatively slow rate. If you want a good, solid dividend paying stock, and a management that has been good in its takeovers, this one does a great job. They tend to increase dividends and revenues at a steady rate.

electrical utilities
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$44.510
Owned Owned
Yes

TOP PICK
Inter Pipeline(IPL-T) 

July 26, 2017

This is Calgary based and are into oil and natural gas liquids. They have storage. Dividend yield of 6.5%. This got sold down with the rest of the energy market. It is a good, base income producing stock and doesn’t have the political problems that the big national pipelines have. (Analysts’ price target is $30.)

oil pipelines

This is Calgary based and are into oil and natural gas liquids. They have storage. Dividend yield of 6.5%. This got sold down with the rest of the energy market. It is a good, base income producing stock and doesn’t have the political problems that the big national pipelines have. (Analysts’ price target is $30.)

oil pipelines
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$24.850
Owned Owned
Yes

BUY

An excellent way of sitting on cash.  Between now and mid-October, we have volatile markets seasonally and this is a cash equivalent.

E.T.F.'s

An excellent way of sitting on cash.  Between now and mid-October, we have volatile markets seasonally and this is a cash equivalent.

E.T.F.'s
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$19.290
Owned Owned
Unknown

TOP PICK

A closed-end fund, and it is India. It is the sort of magic touch of Prem Watsa. They buy big into very interesting growth companies in an amazing growth country. (Analysts’ price target is $19.25.)

E.T.F.'s

A closed-end fund, and it is India. It is the sort of magic touch of Prem Watsa. They buy big into very interesting growth companies in an amazing growth country. (Analysts’ price target is $19.25.)

E.T.F.'s
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$17.000
Owned Owned
Yes

COMMENT

Recently announced they are going to consolidate the stock, which typically means they are optimistic about the future. This revolves around 2 things. They have black box flight recorders operated through a satellite system as to where the plane is, so it is always on and always available. There is a new 2020 change in legislation that basically says that if there is an airplane in distress,  you have to know where that airplane is and be able to receive a signal at least once a minute. This is the only company globally that has the capability to do that. Their device is installed in about half of the Airbus A320 planes. They have an installed base of 1000 units in those planes, and are going back to the owners of those planes, explaining they can get huge benefits from efficiencies of reduced fuel consumption, maintenance, etc. The boxes are in about a 3rd of the Chinese fleet, which has a mandate that by 2017 they have to know where a plane is. Theoretically this has the potential to double the size of their active base by signing one of these Chinese companies in the next couple of years. There should be progress by the end of this year.

Transportation

Recently announced they are going to consolidate the stock, which typically means they are optimistic about the future. This revolves around 2 things. They have black box flight recorders operated through a satellite system as to where the plane is, so it is always on and always available. There is a new 2020 change in legislation that basically says that if there is an airplane in distress,  you have to know where that airplane is and be able to receive a signal at least once a minute. This is the only company globally that has the capability to do that. Their device is installed in about half of the Airbus A320 planes. They have an installed base of 1000 units in those planes, and are going back to the owners of those planes, explaining they can get huge benefits from efficiencies of reduced fuel consumption, maintenance, etc. The boxes are in about a 3rd of the Chinese fleet, which has a mandate that by 2017 they have to know where a plane is. Theoretically this has the potential to double the size of their active base by signing one of these Chinese companies in the next couple of years. There should be progress by the end of this year.

Transportation
Robert McWhirter

President, Selective Asset Mana...

PricePrice
$0.250
Owned Owned
Unknown

HOLD
Hudson Bay Co.(HBC-T) 

July 13, 2017

The real estate play on this has caught people’s attention.  A lot of the stores could not really afford to pay.  They have to wait to pay out until they are more profitable. 

department stores

The real estate play on this has caught people’s attention.  A lot of the stores could not really afford to pay.  They have to wait to pay out until they are more profitable. 

department stores
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$11.110
Owned Owned
Unknown

SPECULATIVE BUY

They have been enormously volatile.  It is back down to $1.17 and looks enticing.  They have good science, but this deal has him concerned because the greenhouses were used for vegetables.  They are often treated with substances that Health Canada may not approve of and they may not allow the conversion of the green houses.  Texas is not a friendly jurisdiction.  You might make money in this stock.  He is  warm on this deal.

Healthcare

They have been enormously volatile.  It is back down to $1.17 and looks enticing.  They have good science, but this deal has him concerned because the greenhouses were used for vegetables.  They are often treated with substances that Health Canada may not approve of and they may not allow the conversion of the green houses.  Texas is not a friendly jurisdiction.  You might make money in this stock.  He is  warm on this deal.

Healthcare
Chris Damas

Editor, The BCMI Report...

PricePrice
$1.180
Owned Owned
Unknown

BUY

BMO Global Infrastructure Index CAD (ZGI-T) or iShares Global Infrastructure IDX (CIF-T)? You could look at either one of these. There are some differences, but you could maybe split the amount you are using and Buy both.

E.T.F.'s

BMO Global Infrastructure Index CAD (ZGI-T) or iShares Global Infrastructure IDX (CIF-T)? You could look at either one of these. There are some differences, but you could maybe split the amount you are using and Buy both.

E.T.F.'s
John Hood

President & Portfolio Manager, J. C Hood Investment...

PricePrice
$24.820
Owned Owned
Unknown

COMMENT
Hudson Bay Co.(HBC-T) 

June 30, 2017

$9-$8 is acting as a base. You want to see it break above the range it has been trading in, around $12.95. This is going to run into resistance at about $12.77. The 200-day moving average is coming down as well. If it got above $13, you might want to get rid of half of it and hope the real estate holdings unlocks some higher value.

department stores

$9-$8 is acting as a base. You want to see it break above the range it has been trading in, around $12.95. This is going to run into resistance at about $12.77. The 200-day moving average is coming down as well. If it got above $13, you might want to get rid of half of it and hope the real estate holdings unlocks some higher value.

department stores
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$11.570
Owned Owned
Unknown

BUY
Telus Corp(T-T) 

June 28, 2017

Telcos are pretty reasonably valued. This one scores in the top 20%. A very stable stock with good price momentum. It is reasonable at 17X earnings with a 4.4% dividend yield.

telephone utilities

Telcos are pretty reasonably valued. This one scores in the top 20%. A very stable stock with good price momentum. It is reasonable at 17X earnings with a 4.4% dividend yield.

telephone utilities
Jason Mann

CIO & Co-Founder, Edgehill Patners...

PricePrice
$45.350
Owned Owned
Yes

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