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

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Paul Harris, CFA , Portfolio Manager and Partner

Avenue Investment Management


Date Signal Chart Symbol Company Opinion Price
2014-03-26 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Very comfortable that stocks are going to go up over the next little while. There is always going to be a pullback or something like that and his view is that you should look to buy those things over the next little while. Doesn’t see interest rates going up dramatically. You had margins get to peak levels which people were worried about, but you also had P multiples expand. In order for stocks to go higher, you need to see more revenue growth. He thinks you will because there will be more capital expenditure down the road as people feel a lot more secure about where the economy is going, not only in the US, but in Europe as well. That will lead to some capital expenditure. Most of these companies, because of what happened in 2007-2009 have very good cost structures so he expects to see very reasonable margins go higher as you see capital expenditures and some top line revenue growth.


Price:
$0.020
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
_N/A
2014-03-26 PAST TOP PICK Must be logged in to use chart BA-T Bell Aliant

(A Top Pick March 28/13. Up 7.62%.) Held this for the dividend and expected it to execute a little bit better. Didn’t see that happening so he sold the stock. This is really going to give you the dividend without upside on the stock price.


Price:
$26.580
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
No
2014-03-26 TOP PICK Must be logged in to use chart BAC-N Bank of America

A great story. Has a great franchise in the US on the retail side. Has a great investment banking franchise through Merrill Lynch. Has a great asset management business from the broker business. He can see them executing incredibly well through 2014, especially if the stock market continues to do well. Earning power potential is very strong.


Price:
$17.180
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2014-03-26 BUY Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Great long-term hold. Very good managers of their business and they understand the business. A holding company and have done a very good job of narrowing the discount. What some people don’t like is that they have done a little bit of financial engineering, so you have to believe that they are doing it fairly. Some great organic growth in the areas they are talking about, whether on the property side or the infrastructure side. Thinks there is going to be a lot of growth in infrastructure business and they will be able to buy some really great assets, especially as governments need to sell off a lot of assets.


Price:
$44.180
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2014-03-26 DON'T BUY Must be logged in to use chart C-N CitiGroup

Failed the stress test. Gets a little bit worried that there is some lack of clarity in how the organization is executing. This has not been one of his favourite stocks. You have to remember that this is not a bank that is spread out through the US; it really is a bank in New York state. Has a great overseas franchise.


Price:
$50.160
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
No
2014-03-26 TOP PICK Must be logged in to use chart DE-N Deere & Co.

Has underperformed in the last little while. Nice dividend yield of 2.31%. Trading at about 10X earnings, which is pretty cheap. The stock has a real opportunity in the next little while to move higher, simply because you are going to see good growth globally and the agricultural sector is going to do a little bit better.


Price:
$88.330
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2014-03-26 BUY Must be logged in to use chart DEO-N Diageo PLC

What is good is that there has been a consolidation on the drink side, but there is still room for more consolidation. Have some great brands. What has hurt them in the last little while is that they have gone through a period were margins had been compressed because they had to spend a little bit extra on marketing, especially in Asia. The fruits of this have not come through as yet.


Price:
$121.510
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2014-03-26 COMMENT Must be logged in to use chart F-N Ford Motor

Have done a very good job of executing. The only auto company that didn’t get help from the US government. What he likes, relative to the others is that they have executed incredibly well. Have some great products coming out. Slowly turning around the difficult parts of their business. Expects you will see some reasonable growth over the next little while, as the US picks up on the economic side. What may have caused a pull back on this stock is that there was some really strong pent-up demand motor vehicles from late 2009 until now and this has sort of tapered off slightly.


Price:
$15.250
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
No
2014-03-26 COMMENT Must be logged in to use chart FB-Q Facebook

Has done incredibly well and is massively overpriced. Has made a lot of acquisitions over the last little while and paid a lot of money for them. Finds it very hard to understand this company as a business model because there is just not the need to buy things. Advertisers are there because they have a billion people, but not sure people are looking at that advertising. Doesn’t expect this will be would grow like Google (GOOG-Q) which has grown incredibly well.


Price:
$60.385
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
No
2014-03-26 COMMENT Must be logged in to use chart FDX-N FedEx

A problem he has with this is that its competitor UPS (UPS-N) trades at a much lower PE, has a higher dividend, trades at a higher price to free cash flow and has higher net margins. You are paying for a higher multiple for a company that is not as good. Regardless, the company will do well because the economy is improving globally. Consider rotating into UPS.


Price:
$132.120
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
No
2014-03-26 COMMENT Must be logged in to use chart FEZ-N SPDR Euro STOXX 50 E.T.F.

Doesn’t know this particular ETF, but from an overall view, Europe seems to be recovering nicely. The problem with this one is that the UK is at a much higher level of the recovery level than continental Europe, but there is a recovery there. Would prefer something with UK in it.


Price:
$42.030
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
No
2014-03-26 BUY Must be logged in to use chart GE-N General Electric

Expects this will do well and this is not a bad level to Buy it at. Nice dividend yield. One of the issues you have to face is that GE Capital drove its capital giving it a very high return on equity. GE Capital has been scaled back dramatically over the last 10 years. You are not going to get the multiple that it was trading at before. He is expecting the industrial sector to really pick up over the next couple of years.


Price:
$25.620
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
No
2014-03-26 BUY Must be logged in to use chart JPM-N JP Morgan Chase & Co

Great franchise. A global investment bank with a very strong retail franchise in the US. Not as cheap as some of the other banks for several reasons including a higher dividend.


Price:
$59.900
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2014-03-26 PAST TOP PICK Must be logged in to use chart LNF-T Leon's Furniture

(A Top Pick March 28/13. Up 28.48%.) Thinks it is going to continue to do well. Great franchise and great brand-name in Canada. Owns a lot of their own property. It has probably $4-$6 of value in their property.


Price:
$15.510
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2014-03-26 COMMENT Must be logged in to use chart MFC-T Manulife Financial

A problem with the life insurance businesses is that it is very hard in this low interest environment for them to make money. Stock has come back because the environment is a lot better for equities which have helped a great deal. Have a very strong franchise in Asia. Would prefer to be in banks.


Price:
$21.420
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Unknown
Showing 1 to 15 of 1,735 entries
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