Viewing Expert Paul Harris, CFA | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Paul Harris, CFA , Portfolio Manager and Partner

Avenue Investment Management


Date Signal Chart Symbol Company Opinion Price
2017-03-08 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Energy. There is a lot of dynamics happening from the Middle East and we are seeing a little of it. Thinks oil stays around the $60 level. It is going to be volatile because there are many things going on. A lot of the shale companies are in better shape and are willing to produce a lot more oil. You are a buyer at $50 and a seller at $60. In that lucky environment, it may get up to $65-$70, but you have to see a lot of good things happen in the economy to push it up there.


Price:
$0.020
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
_N/A
2017-03-08 COMMENT Must be logged in to use chart AC-T Air Canada (B)

Doesn’t own airlines, because he always felt it was a difficult sector. Too many variables that can hurt the stock. This has done well over the last little while, better than in the past. If he were going to look at an airline, it would probably be Westjet (WJA-T), because Calgary and oil are slowly getting better. These are hard stocks to own, and he would suggest you use them as a trade, rather than a hold for the long-term.


Price:
$13.100
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2017-03-08 TOP PICK Must be logged in to use chart ACQ-T AutoCanada Inc.

He really likes the story. They were buying up auto dealerships, but management made many promises which they didn’t do. New management came in and cut the dividend quite substantially. They are slowly going to buy 2 or 3 dealerships. Integrated their back-office which helps them. They are going to throw off about $50 million in cash, which allows them to buy more assets and more franchises. He expects they will be diversifying out of the Alberta area in the next little while. Dividend yield of 1.67%. (Analysts’ price target is $27.)


Price:
$24.010
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-03-08 COMMENT Must be logged in to use chart BAC-N Bank of America

Sell and use proceeds to buy Manulife (MFC-T)? He wouldn’t make that trade. You have to own US financials, and this is one of them. Earnings growth is happening well above the S&P number. Earnings revisions are happening in the banking sector. On a valuation basis, they have been re-rated, but there is lots more room to be re-rated as it is trading below BV. It could certainly trade at 1.5X Book, and he could see the dividend going up. They are accumulating capital at an unprecedented rate, which is really important, because they can buy back more of their shares.


Price:
$25.260
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-03-08 DON'T BUY Must be logged in to use chart BBD.B-T Bombardier Inc (B)

He doesn’t like this. It is a lot more about Quebec, and from a corporate governance point of view, he doesn’t like the company. Outside of that, they really missed the boat on the jet side. They’ve had competitors come in and eaten their lunch. They have to make their C series successful, but he hasn’t seen the numbers that would make it successful. There are much better companies that you can buy at good valuations.


Price:
$2.100
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2017-03-08 COMMENT Must be logged in to use chart BEP.UN-T Brookfield Renewable Energy

He prefers Brookfield Asset Management (BAM-N), effectively the parent of all these Brookfield pieces. Brookfield Renewable has done a very good job and is well run. The dividend is safe.


Price:
$38.680
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2017-03-08 PAST TOP PICK Must be logged in to use chart BMW-GR Bayerische Motoren Werke AG

(A Top Pick March 24/16. Up 13.61%.)


Price:
$0.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-03-08 TOP PICK Must be logged in to use chart BMW-GR Bayerische Motoren Werke AG

About 40% of the company is owned by the Quandt family, so you have a very stable shareholder. Also, the company has been very good at introducing people to products, like their cars, which is very good from a marketing perspective. The company will give up margin in the short term for longer-term gains. They will spend more on R&D and more on CapX. Car sales in Europe have not been strong compared to Canada and the US, and he sees that as an opportunity. Dividend yield of 3.71%. (Analysts’ price target is euro 88.)


Price:
$0.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-03-08 TOP PICK Must be logged in to use chart BX-N Blackstone Group LP

This has not run up a lot, like other financials. A private equity company, but they have a hedge fund business. Has a great dividend yield of 5.17%. They’re very good at harvesting their assets. They’ve been able to use the debt market when they buy things, to lever them up. Have brought in over $100 billion, that they can actually deploy if something happens. (Analysts’ price target is $35.50.)


Price:
$29.100
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-03-08 DON'T BUY Must be logged in to use chart CSCO-Q Cisco

Not an expensive stock. On the switching side, they’ve not been able to get that to grow more aggressively which has really hurt them. They’ve augmented the slower growth by making acquisitions and buying assorted things. Now they are going to get squeezed on the margin side. The numbers are going to be OK numbers, but you can put your money in other places and do better. Over the next couple of years, you may get some margin compression, as their switching business is just not running on all cylinders.


Price:
$34.020
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2017-03-08 COMMENT Must be logged in to use chart DH-T DH Corporation

He bought more when it fell because it was massively discounted. Also, management gave very poor guidance about what was happening to a lot of their businesses. Feels their core businesses really has good opportunities on the FinTech side, in the US specifically, and the stock can slowly go up. Pays a decent yield.


Price:
$23.280
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-03-08 PAST TOP PICK Must be logged in to use chart FSV-T Firstservice Corp

(A Top Pick March 24/16. Up 40.87%.) They own College Pro Painters and California Closets. They also have a property management business, taking care of apartment buildings and gated communities in the US. They have a great way of growing their business, and there is lots of room to grow. When they start a contract with somebody, it is for a couple of years. It has run up a lot, so wait for a pullback before buying.


Price:
$74.280
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-03-08 COMMENT Must be logged in to use chart GE-N General Electric

This is a stock he has stayed away from. Prior to 2007, when they owned GE Capital, everybody paid a higher multiple for it because of the earnings and the high return on equity, but a lot of that came from GE Capital. Now they’ve gotten rid of GE Capital, so why would you pay a much higher multiple for a company that has a lot more cyclicality than people think. It is fairly valued at these levels, so it is not going to go up dramatically.


Price:
$29.800
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2017-03-08 COMMENT Must be logged in to use chart INTC-Q Intel

This is in a very awkward situation. They missed the boat on smart phones and those areas. ARM is a company that has done incredibly well. Even Microsoft recently announced that they may be using ARM in some of their products. Thinks this will continue. You are not going to see the growth that they had many, many years ago.


Price:
$35.620
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2017-03-08 PAST TOP PICK Must be logged in to use chart KHC-Q Kraft Heinz Company (merged)

(A Top Pick March 24/16. Up 22.19%.) You have a lot of top line growth, but they are really good at cutting costs. They have some of the highest margins in the industry. He thinks he can see some top line growth at some point and will give some really great margin expansion and some great bottom line. They are going to do another deal, even though it may not be with Unilever. Still a Buy.


Price:
$90.900
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 2,347 entries
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