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Compiling comments that experts make about stocks while on public TV.

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Norman Levine , Managing Director

Portfolio Management Corp

Contact Info

Website: http://www.portfoliomanagement.ca/welcome.html


Date Signal Chart Symbol Company Opinion Price
2014-09-05 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The economy in the US is still chugging along.  It is early in their recovery.  Some months, jobs are very encouraging and other months they are not, so don’t make a judgment on one economic number.  The 2 year bond yield in the US is starting to edge up, as is the 10 year, which is encouraging to him.  Thinks the Fed will move interest rates in the next 6 months.  He has 55% of portfolio out of North America.  That’s where bargains are.  He is looking in Northern Europe and emerging markets.  It could take a year or two to pan out for him.  Toronto has been one of the best markets this year, but he is worried about oil prices.  If the US dollar continues to be strong that does not bode well for commodities and so for Canada.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
_N/A
2014-09-05 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Financials and how much to allocate.  A lot of investors allocate a lot to financials due to weighting in the index.  He does not do that.  He only owns one Canadian bank (BNS-T).  He has 3 US financials.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
_N/A
2014-09-05 COMMENT Must be logged in to use chart BA-T Bell Aliant

Will trade off BCE until the deal closes.  You could sell it here if you don’t want to end up with the BCE shares.


Price:
$30.870
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Unknown
2014-09-05 HOLD Must be logged in to use chart BAD-T Badger Daylighting

Took partial profits twice along the way.  He is uncertain whether he will keep the rest or not.  They disappointed in the most recent quarter.  They put a lot of money and effort into expanding their US presence and wonders if they have the depth of management for it.  He will track over the next quarter of two.  Don’t put new money into it.


Price:
$29.120
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2014-09-05 TOP PICK Must be logged in to use chart BHP-N BHP Billiton Ltd.

They are spinning out some assets.  Shareholders will probably get them as a dividend.  He likes what will be left in it and he will sell the spin out and keep the core company.


Price:
$66.750
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2014-09-05 TOP PICK Must be logged in to use chart BKU-N BankUnited, Inc

Florida based commercial bank.  It is over capitalized right now.  Second biggest deposit taker in the state of Florida.  Great real estate market.  What US banks need is for interest rates to go up.


Price:
$31.900
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2014-09-05 DON'T BUY Must be logged in to use chart BKW-N Burger King Worldwide Inc.

History tells him that maybe you don’t want to own this instead of Tim Hortons because there may not be any synergies going forward because the companies are too different.  He would take money off the table if he owned Tim Hortons.


Price:
$32.160
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Unknown
2014-09-05 PAST TOP PICK Must be logged in to use chart BNS-T Bank of Nova Scotia

(Top Pick Sep 3/13, Up 27.92%) Has the least exposure to Canada as a percentage of its assets.  Thinks the best earnings and dividend growth is behind the banks.  Canadian banks are expensive.  For new money he prefers to look elsewhere.


Price:
$72.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2014-09-05 STRONG BUY Must be logged in to use chart CCL.B-T CCL Industries (B)

Still recommends it.  It is a Canadian based multinational consumer packaging company.  Have grown by acquisition and continue to do so.  Extremely well managed.  They raise their dividend regularly.  Sees much further upside.


Price:
$114.060
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2014-09-05 BUY Must be logged in to use chart CNR-T Canadian National R.R.

He is still buying it for new accounts.  The best managed and most profitable railway in North America.  It also has less commodity exposure than CP-T and some of the US rails. 


Price:
$79.920
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2014-09-05 SELL Must be logged in to use chart COV-N Covidien Ltd.

Medical devices.  He sold it when they were acquired.  Was a great performer.  He is worried US government may ban these tax inversion strategies.


Price:
$88.440
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
No
2014-09-05 WATCH Must be logged in to use chart CPG-T Crescent Point Energy Corp

Acquired an asset of Lightstream Resources.  They issued lots of shares to grow the company in the past and held back over the last couple of years and that has helped the share price.  Now they are doing it again and the question is if this will hurt shareholders.  He does not mind this latest deal.


Price:
$43.040
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2014-09-05 BUY Must be logged in to use chart GE-N General Electric

Has lagged because of high exposure to financial services.  They are slowly deemphasizing them in favour of energy and healthcare.  They want to streamline the company to where profit margins and growth are better.  Likes it longer term and is keeping it.


Price:
$26.100
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2014-09-05 PAST TOP PICK Must be logged in to use chart GLW-N Corning Inc

(Top Pick Sep 3/13, Up 56.14%) It was out of favour when he recommended it.  Liked their exposure to fiber optics and LCD screens.  LCD TVs don’t last as long as the old tube TVs so you replace them sooner.  We are entering a replacement cycle.


Price:
$21.290
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2014-09-05 DON'T BUY Must be logged in to use chart KO-N Coca-Cola Company

Not a fan because it has so much tied into its core Coke soft drink brand and people are moving away from it.  Prefers PEP-N who bought Frito Lay and Quaker for diversification.


Price:
$41.840
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Unknown
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