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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
2014-07-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. The problem with the TSX is that you have a large component of resources, which throws off the PE multiple. Cdn and US markets are fairly valued, but there are still lots of areas where you can invest and make a decent return. You’re not going to see some of the returns that you saw in the last 5 years, but you will see a reasonable rate of return of about 8%-10%. He feels very comfortable that the stock market will continue to do well over the next couple of years. Looks for stock price increases, but also for dividends. You can buy some really great companies that pay a very good dividend, and that have great balance sheets.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
_N/A
2014-07-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

European banks? Thinks banks globally are going to do better because the economy is turning around. Deutsche Bank (DB-N) is highly levered to the capital markets as opposed to retail. Because of this, you are playing a capital markets bank, and if that’s the case, he would rather buy Goldman Sachs (GS-N). There are a lot of European banks that are trading at a very large discount to their BV.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
_N/A
2014-07-04 COMMENT Must be logged in to use chart AAPL-Q Apple

Google (GOOGL-Q) or Apple (AAPL-Q)? Given this choice, he would pick Google. On a balance sheet level, etc., they are very similar. Google is a software company whereas Apple gets about 60% of their revenue off of one product, the iPhone. There has not been a real product from them for a long, long time. Also, this company has gone up a lot more, but that has to do more with financial engineering, as opposed to anything else.


Price:
$94.030
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-04 TOP PICK Must be logged in to use chart BAC-N Bank of America

Own 10% of all deposits in the US. Great retail branch brand. Has great investment banking in Merrill Lynch, and a great asset management business along with a great brokerage business. US growth, global growth, and a better housing market will help. Not expensive. This could easily trade at 2X Book. Great time to buy at these levels.


Price:
$16.030
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-04 PAST TOP PICK Must be logged in to use chart BCE-T BCE Inc.

(A Top Pick June 27/13. Up 18.81%.) You are not going to see the upside that you saw over the last little while. Pays a 5.1% dividend. Trading at the high end of its range, so wouldn’t expect to see huge things coming out. You are getting a 6%-8% return.


Price:
$48.520
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-04 COMMENT Must be logged in to use chart COH-N Coach Inc

J C Penney (JPC-N) or Coach (COH-N)? This is the one that he would buy. It is a really well run company with a great yield of 3.8%, and trading at 19X earnings. Had some real problems on the North American side on same-store sale numbers that they are trying to improve. Very good management and no debt. Have a really good opportunity to grow their brand internationally, especially in emerging markets.


Price:
$35.140
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-04 TOP PICK Must be logged in to use chart DE-N Deere & Co.

Feels they are really going to benefit from a growing economy, especially on the crop production side. Consumption is growing globally. Not expensive. Trading at 12X earnings. Nice dividend yield of 2.6%. Has a good construction side that is growing.


Price:
$91.380
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-04 DON'T BUY Must be logged in to use chart ECA-T Encana Corp

Spun off Cenovus (CVE-T), which he thought was foolish. The gas market fell apart, and Encana went through a very difficult time. This is very much more of a restructuring story in the last little while. Have new management which is doing a good job. It’s going to be a much slower process now. Would prefer others.


Price:
$24.410
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2014-07-04 COMMENT Must be logged in to use chart GOOGL-Q Google

Google (GOOGL-Q) or Apple (AAPL-Q)? Given this choice, he would pick Google. On a balance sheet level, etc., they are very similar. Google is a software company whereas Apple is not so much, and gets about 60% of their revenue off of one product, the iPhone, and there has not been a real product from them for a long, long time.


Price:
$593.080
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-04 COMMENT Must be logged in to use chart GS-N Goldman Sachs

One of the largest investment banks in the US. He is very bullish on banking in general, but feels investment banking is a very good ROE business. Lots of pressure on the capital side for these companies, but this one trades at 1.1X Book, and he could see it trading at 1.5X Book. Has a great franchise in the asset management business.


Price:
$169.460
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-04 DON'T BUY Must be logged in to use chart JCP-N J.C. Penney

J C Penney (JPC-N) or Coach (COH-N)? He would prefer Coach. The trouble with this company is that it makes no money. This is a department store that is competing with a lot of other department stores that are a way better at that.


Price:
$9.250
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-04 COMMENT Must be logged in to use chart JPM-N JP Morgan Chase & Co

What is the advantage of owning this, rather than owning a good Canadian bank? Canadian banks are incredible businesses to own at these levels. From a multiple perspective, Canadian banks trade at 12 or 13 times earnings, and are over 2X book. From a valuation perspective, US banks are trading at much cheaper multiples. Also, people perceive growth opportunities to be much higher.


Price:
$57.050
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-04 COMMENT Must be logged in to use chart MEQ-T Mainstreet Equity Corp

This is a real estate company, not a REIT, and does not pay a dividend like REITs do. Management feels it is best to keep on reinvesting, as opposed to paying it out to shareholders. Had a nice little run in the last little while, and will continue to do well. Management buys its assets cheaply and re-develops them.


Price:
$38.990
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-04 COMMENT Must be logged in to use chart MET-N Metlife

Fairly cheap and cheaper than all the Canadian financials. Has lots of capital, and pays a nice dividend. Has an excess of capital because they are not sure what is going to happen in the regulatory environment. If they are put in a situation where they can keep less capital, they will definitely be increasing dividend and buying back shares. Also, trades at a much cheaper multiple than the Canadian lifecos.


Price:
$57.220
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-04 COMMENT Must be logged in to use chart NA-T National Bank of Canada

Trades at a discount to the rest of the banks because it is considered more of a Quebec bank. They have done a lot of acquisitions in the last little while. It will never give you the full multiple that all the other banks give you. Feels there are better growth opportunities in Toronto Dominion (TD-T) or Royal (RY-T), but you are fine to own this one. 4.2% dividend yield.


Price:
$45.800
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
Showing 1 to 15 of 1,802 entries
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