| | |
| DON'T BUY | 3.540 | David Driscoll | Not paying cash dividends but is paying with more shares. Think they have more to swallow from the ABN acquisition. | 2008-09-16 | |
| | |
| DON'T BUY | 6.990 | David Driscoll | News came out yesterday that there were large write-downs and they were planning on issuing billions of dollars of new shares. Dividends will be in shares as opposed to cash. This will create a huge dilution effect at a time when loan loss provisions continue to rise. | 2008-04-23 | |
| | |
| PAST TOP PICK | 6.790 | Mark Grammer | Then 670.00 GBP Down 48%
Guilty by association. The big issue is the ABN acquisition, which he doesn't like.
Has sold some, wishes he had sold it all. | 2008-03-18 | |
| | |
| HOLD | 6.280 | David Driscoll | One of the more solvent banks. Balance sheet in alright space. Yield is around 7.3%. Keep your eye on it. | 2008-03-17 | |
| | |
| BUY | 7.640 | Don Reed | Full-service bank. Very content with the company. Price has been beaten up quite badly. As far as he can make out, they were not major participants in the sub prime loans. | 2008-02-22 | |
| | |
| BUY | 8.100 | Paul Harris, CFA | Sold his holdings last summer. Trades at a ridiculous multiple of 5X earnings, below book. Think the yield will be cut. If you have a long time horizon, this is a great company. Has great franchises in the US and UK. Have done some very good things, which will help the stock out in the long run. | 2008-01-24 | |
| | |
| DON'T BUY | 0.001 | Paul Harris, CFA | Sold his holdings because of the sub prime problems. Did keep his Canadian bank stocks. Banks don't know the actual risk they have on their books because it's a moving target. Difficulty is the negative momentum that is pushing bank stocks down. Wait. | 2007-12-13 | |
| | |
| BUY | 0.001 | David Driscoll | Earnings just came out and were quite good given that they had huge write-downs on the sub prime mess. Their ABN Amro acquisition is going to turn out very well for them. Yielding about 6.75%. Lots of growth potential ahead of it. | 2007-12-06 | |
| | |
| TOP PICK | 0.001 | Mark Grammer | Has been a Top Pick before but hasn't worked out but he is sticking with it. Just gave an outlook for their earnings and their CDO exposure and sub prime were much lower than expected. Historically has grown 15% a year. Their ADN acquisition is already ahead of expectations. | 2007-12-06 | |
| | |
| DON'T BUY | 0.001 | Cameron Webster | Would avoid global as well as US financials until there is some clarity as to who owns what. Could potentially be tied into subprime issues. 6.8% is a record high yield, which is an indication there is a crisis going on. | 2007-11-14 | |
| | |
| Comment | 0.001 | Paul Harris, CFA | Sold his holdings recently because he found other opportunities in the financial sector. A good company and trades at a very cheap multiple with about a 5% yield. | 2007-09-27 | |
| | |
| BUY | 0.001 | David Driscoll | Very cheap. Doesn't own it because he has 2 other foreign banks in his portfolio. Has a good yield. | 2007-08-16 | |
| | |
| BUY | 0.001 | Mark Grammer | Banks around the world have been aggressively sold off. Has also been impacted by their bid on ABN AMRO against Barclays (BCS-N). Very cheap. | 2007-08-13 | |
| | |
| PAST TOP PICK | 0.001 | Paul Gardner, CFA | (A Top Pick June 14/06. Up 10%.) Relative to the Canadian banks, it trades at a lower multiple. Now in the midst of buying the US La Salle bank. Still a Buy. | 2007-07-19 | |
| | |
| BUY | 0.001 | Don Reed | Has had a negative feel with many investors and he's not sure why. Recently announced they are joining a consortium to take over a Dutch bank. That would be a great fit for them. Well-run and it's totally integrated. | 2007-07-12 | |
| | |
| PAST TOP PICK | 0.001 | Paul Harris, CFA | From June 30th 2006
Still holding. They've got a strong franchise. | 2007-06-28 | |
| | |
| BUY | 0.001 | Mark Grammer | Fundamentals are very strong.
Are trying to buy the La Salle bank in America which is giving it some problems, but a very good stock to hold. | 2007-06-06 | |
| | |
| PAST TOP PICK | 0.001 | Paul Gardner, CFA | (A Top Pick June 14/06. Up 13%.) Dividend of about 4.5%. Trades at 9 X earnings versus Canadian banks at 15 X. still a Buy. | 2007-05-17 | |
| | |
| PAST TOP PICK | 0.001 | Paul Harris, CFA | (A Top Pick Apr 18/06. Up 11%.) An undervalued stock. 5% yield. Have some very solid businesses in the UK. Trades at about 10 X earnings and 1.5 X Book. Two good assets in the US. Great growth potential. | 2007-04-23 | |
| | |
|
| PAST TOP PICK | 0.001 | Paul Harris, CFA | (A Top Pick March 30/06. Up 5%.) Still likes it. Large portion of their business is in the US. This hurt the stock, but doesn't feel they have a large exposure to the sub-prime mortgage market. A good buying opportunity. | 2007-03-16 | |
| | |
| BUY | 0.001 | Charles Lannon | Yield is around 4%. Fantastic operators in terms of their cost structure. Good ability to make accretive acquisitions. | 2007-03-01 | |
| | |
| TOP PICK | 0.001 | Mark Grammer | Consistently grown their earnings between 10% and 15% over the last 5 or 6 years. Trades at 9 X earnings with 15% growth. | 2007-02-28 | |
| | |
| PAST TOP PICK | 0.001 | Paul Gardner, CFA | (A Top Pick Feb 23/06. Up 12%.) | 2007-02-05 | |
| | |
| Comment | 0.001 | Jim O'Shaughnessy | This is a stock you want to buy when it has a very attractive dividend yield. A market leading blue chip company. | 2007-01-23 | |
| | |
| TOP PICK | 0.001 | Paul Harris, CFA | (A Top Pick Aug 22/06. Up 16%.) Trades at a discount and low multiple compared to continental European banks and North American banks. Very solid company with a great retail franchise. Almost 4.5% yield. | 2007-01-15 | |
| | |
| BUY | 0.001 | Charles Lannon | When a bank gets to this size, organic growth becomes increasingly difficult, however this is arguably the best bank in this lot. Fantastic allocators of capital. Dividend yield is getting close to 4%. | 2007-01-09 | |
| | |
| PAST TOP PICK | 0.001 | Paul Gardner, CFA | (A Top Pick Sept 5/06. Up 9%.) Trades at 10.5 X versus Canadian banks at 14 or 15 X’s. | 2006-12-19 | |
| | |
| TOP PICK | 0.001 | Mark Grammer | 15% growth per annum over the last 5 years. An unloved stock in the UK. | 2006-12-13 | |
| | |
| TOP PICK | 0.001 | Paul Harris, CFA | (A Top Pick Aug 15/06. Up 12%.) A British bank that is undervalued relevant to continental Europe banks. 5% yield. Trades at 10 X earnings. Market didn’t like all the acquisitions they were making, so this is stopping. | 2006-12-12 | |
| | |
| TOP PICK | 0.001 | Paul Harris, CFA | Very cheap at less than 10 X earnings and 1.5 X Book. Next year the yield goes to almost 5.2%. Doesn’t think they will be making as many acquisitions. Have a large US franchise which the market is undervaluing. Good retail business. Not involved in investment banking. | 2006-11-30 | |
| | |
| PAST TOP PICK | 0.001 | Paul Gardner, CFA | (A Top Pick July 7/06. Up 8%.) This is a value play. It trades at about 1.5 X book compared to Canadian banks at 2.5. Dividend of 4.5 %. | 2006-11-07 | |
| | |
| BUY | 0.001 | David Driscoll | Has some good growth behind it. Very good at what they do. | 2006-10-20 | |
| | |
| PAST TOP PICK | 0.001 | Paul Harris, CFA | (A Top Pick Aug 15/06. Up 6.4%.) Some international banks are much cheaper than Canadian. Trades below 10 X earnings. Dividend of almost 4.5%. | 2006-10-04 | |
| | |
| BUY | 0.001 | Mark Grammer | One of their biggest holdings. One of the cheapest banks in Europe. | 2006-09-28 | |
| | |
| TOP PICK | 0.001 | Paul Harris, CFA | They have a margin of safety. It has a large frachaise in the US. Not a global bank, but more retail. | 2006-09-26 | |
| | |
| TOP PICK | 0.001 | Paul Gardner, CFA | (A Top Pick Apr 4/06. Down 3.5%.) A value play. Most banks trade about 2.5 X Book but this one trades about 1.5 X. Dividend around 5%. Better positioned now. Own City Bank in the US. The inverse negative yield curve in the UK is hurting them but this should unwind. Cheap. | 2006-09-05 | |
| | |
| TOP PICK | 0.001 | Paul Harris, CFA | Trades at 10 X earnings. Has a 4% yield. Trades below 2 X book. | 2006-08-22 | |
| | |
| TOP PICK | 0.001 | Paul Harris, CFA | (A Top Pick Mar 30/06. Down 5%.) Trades at 10 X earnings. At 4.5% yield and 18% ROE, the stock is not going to collapse on you. Management is making important changes that the market is not giving them credit for. | 2006-08-15 | |
| | |
| TOP PICK | 0.001 | Paul Gardner, CFA | (A Top Pick Apr 4/06. Down 6.3%.) A valuation call. It trades at about 1.5 X Book where Canadian banks trade and about 2.5. Good yield. | 2006-07-07 | |
| | |
|
| TOP PICK | 0.001 | Paul Harris, CFA | Pays about 4%. Valuation at 10 X earnings is very compelling. Buying back shares. | 2006-06-30 | |
| | |
| TOP PICK | 0.001 | Paul Gardner, CFA | 4.25% dividend. Was used to lower his Canadian content. Valuation is compelling. Trades at about 1.5 X book whereas Canadian banks trade at about 2.3. He is making a small bet that the flat UK yield curve normalizes. Have a good wealth management business. | 2006-06-14 | |
| | |
| TOP PICK | 0.001 | Paul Harris, CFA | (London Stock Exchange) Trades at 10 X earnings. Has a 4.8% yield. Has a great franchise in the UK retail sector which has done very well. Also have a strong franchise in the US. Have the lowest cost income ratios of any bank. | 2006-05-26 | |
| | |
| TOP PICK | 0.020 | Paul Harris, CFA | Royal Bank of Scotland, (Doesn't trade locally so no symbol available-- on London stock exchange). Trades at 10 times earnings, it has yield of 4 1/2 percent. Has outperformed over the last 12 months, due to acquisitions. Have recently increased their dividend by 25%. | 2006-03-18 | |
Experts that have talked about Royal Bank of Scotland PLC
Rss Top Picks Feed