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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
2016-02-11 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. It is very difficult to figure out exactly when all this stuff stops. There are a lot of things happening that are driving the stock market including a disbelief that the US is probably going to put off rate increases for quite a while. China is slowing down with a lot of talk about further devaluation of their currency. Inflationary expectations have been going down in the last little while, not only in the US, but in Europe as well. There is a real worry in the world that monetary policy cannot do the things it was supposed to do. Thinks the argument is valid that monetary policy has to be mixed with fiscal policy. We are looking for this to be happening in Canada in the next little while, and we need to see it in other parts of the world as well, such as US, Europe, UK, etc.


Price:
$0.020
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
_N/A
2016-02-11 WATCH Must be logged in to use chart AMZN-Q Amazon.com

You have to believe in the greater concept that Amazon is trying to achieve. They can make money if they want to, but is probably positioned not to give you a lot of earnings or dividends for a long time. A lot of the money goes back into developing and growing the business. The Cloud business is doing incredibly well and the retail business continues to grow taking market share away from the big box players. The company has changed the way people think about retail and will continue to do so. Expects they will continue to grab market share away from a lot of stores. When you see big Down moves in the stock, that is the time to try and buy it.


Price:
$490.480
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-02-11 TOP PICK Must be logged in to use chart BAC-N Bank of America

(A Top Pick Jan 29/15. Down 26.79%.) A cheap stock, and they own 10% of the deposits in the US. Great retail franchise. In the top 3 globally in investment banking. Also, have a great credit card business and wealth management business. Trading below tangible BV. Dividend yield of 1.79%.


Price:
$11.980
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-02-11 COMMENT Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Likes that the vast majority of management gets paid in shares. From an NAV point of view, he sees it as around $45, or even a little higher. Very good at buying assets at the right time and selling assets when they think they are mature.


Price:
$38.720
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-02-11 COMMENT Must be logged in to use chart BCS-N Barclays Bank PLC

Primarily a UK retail bank with credit card businesses and wealth management and a global investment bank. Feels the global investment bank, especially on the fixed income side, which was their primary business before they bought Lehman Brothers, is having a really difficult time and they’ve had to cut back on that. It has taken away from the earnings on the retail side. The bank is restructuring and he felt the banking industry was getting a little bit more difficult, so he sold his position. Trading well below BV.


Price:
$9.200
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-02-11 TOP PICK Must be logged in to use chart BMW-GR Bayerische Motoren Werke AG

Has a great franchise in China, but people feel China is slowing down, but even if they stabilize, they’ll do very well. European car sales have been much lower than in North America. Their peak was in 2007, and they haven’t reached that yet, where North American car sales have. There is pent-up demand for cars in Europe. Not an expensive stock. Trading at 7X earnings with a 4.3% dividend yield.


Price:
$0.000
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-02-11 WATCH Must be logged in to use chart BNS-T Bank of Nova Scotia

One of the things you have to look for in Canadian banks are their earnings in their balance sheets, which are coming out in a couple of weeks, as it may give you an opportunity to buy them cheaper because of volatility. From a valuation perspective, they are all trading below 10X earnings, except for TD (TD-T). Dividend yield of 5.4%.


Price:
$52.660
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-02-11 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Much more levered to oil prices than a lot of other companies, so if oil goes up you are going to get a bigger return. He would stick with companies that are more integrated like Suncor (SU-T) that has good balance sheet. Thinks oil will be touching the lower end of the range between $20 and $30 as opposed to going up.


Price:
$13.660
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-02-11 TOP PICK Must be logged in to use chart FSV-T Firstservice Corp

A great little Canadian company with most of their business in the US. They look after gated communities. Not cheap, trading at about 23X earnings. Dividend yield of 1.23% which they plan on increasing. They have very strong market share. Their contracts are longer-term. They are doing small acquisitions all the time in different areas of the US. Good organic and acquisition growth.


Price:
$46.970
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-02-11 BUY Must be logged in to use chart LYG-N Lloyds TSB Group PLC

From a banking perspective, this is really leveraged to a lot of what is going on in the UK. UK economy is doing very well. This bank does not have a lot of investment banking. Have done a very good job of getting rid of assets they had in Spain and other parts of Europe. Primarily a domestic retail/commercial bank, and in this environment this is probably not a bad story. They trade at a premium to their BV, unlike a lot of other banks.


Price:
$3.410
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-02-11 BUY on WEAKNESS Must be logged in to use chart MG-T Magna Int'l. (A)

An interesting story. Not expensive, at 7X earnings. Good dividend yield of 2.4%. Car sales in North America last year hit a real peak, and people are feeling that is going to come off, which is probably the case. However, this is a much more global company and more diversified. Global growth in the car industry is probably going to be about 3.3% next year, so this company can participate in that. Have good leverage to the European car industry and also to the emerging-market side. Great balance sheet, so they can take on some leverage and increase ROE that way, buy back shares and increase dividends.


Price:
$44.110
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-02-11 PAST TOP PICK Must be logged in to use chart MSFT-Q Microsoft

(A Top Pick Jan 29/15. Up 21.51%.) He is continuing to buy this. They are executing very well and have some great products. The Surface was outselling iPad over the holidays. Their Cloud business is doing well. Thinks there is potential for them to do very, very well. Probably worth in the $60 range.


Price:
$49.710
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-02-11 COMMENT Must be logged in to use chart NA-T National Bank of Canada

Had some difficulty in the last little while. Their Maple division was closed down by the German government. Also, had to do a big share issue. Has become very good at becoming much more of a Canadian bank, rather than just a Québec bank. Trades at about 7X earnings and 1.27X Book. Very good dividend yield. Management has been very clear on their issues. In the Canadian banks, you have to look at what loan losses are going to look like and any exposure to Calgary. However, buying banks at these levels makes a lot of sense.


Price:
$36.940
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-02-11 BUY on WEAKNESS Must be logged in to use chart POT-T Potash Corp of Saskatchewan

Has gone through some turmoil of late and cut their dividend. Closed down some operations in Nova Scotia. Potash is an oligopoly and thinks some of the people in the oligopoly are just going to continue to produce a lot and get out of the oligopoly and push down prices. The risk here is if the price of potash goes down. If you are going to buy it, look for a price of $15-$18. Fundamentals for that industry is pretty good.


Price:
$21.290
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-02-11 PAST TOP PICK Must be logged in to use chart QCOM-Q Qualcomm

(A Top Pick Jan 29/15. Down 30.36%.) Fundamentally, this is a very cheap stock. Great balance sheet with cash on it. Trading at a very low multiple. Sold his holdings because of how they handled the China issue. They kept having little hiccups all the time.


Price:
$42.960
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
No
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