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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
2015-01-29 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Thinks interest rates will be lower, longer than people think.  The Bank of Canada is worried about a slower Canadian Economy.  We are in the phase where the oil price drop is now affecting other areas of the market.  Oil is very little of the US economy compared to Canada.  The world has not changed that much.  Earnings came out from a lot of companies and all they said was that the dollar was affecting them.  Yet commodities have collapsed.  China may be slowing down faster than people think.


Price:
$0.020
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
_N/A
2015-01-29 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Is it time to get out of Canada?  Nobody really knows where oil is going.  He feels oil can still go lower as there is still excess supply.  The other problem with oil is that it can be stored and eventually storage could get filled up.  It has to settle somewhere.  It will probably go up higher over a period of time.  There will be a point over the next period of time when it is a great time to buy great oil companies [Canadian].


Price:
$0.020
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
_N/A
2015-01-29 TOP PICK Must be logged in to use chart BAC-N Bank of America

It has come off a fair bit as have a lot of the US banks.  You have a really good chance to get a great company really cheap.


Price:
$15.430
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2015-01-29 DON'T BUY Must be logged in to use chart BB-T BlackBerry

It is hard to see where it will go from here.  It is a difficult environment.  He thinks it would work better if Amazon bought them out.  He is not sure BB-T will be around in a year.


Price:
$12.920
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
No
2015-01-29 DON'T BUY Must be logged in to use chart BBD.B-T Bombardier Inc (B)

Has done poorly and it is a tough business.  He has never owned it.


Price:
$2.930
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
No
2015-01-29 HOLD Must be logged in to use chart CGX-T Cineplex Inc

He sold it because it got a little bit too expensive.  It has a decent yield of about 4%.  It technically has a monopoly.  They have done a very good job.  But their business is driven by blockbusters.  There are some really big-brand things coming out and that should cause them to full up.  It is about driving concessions and other parts of the business that do well.


Price:
$45.720
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
No
2015-01-29 DON'T BUY Must be logged in to use chart CIX-T CI Financial Corp

A lot of people are moving to the ETF market.  The mutual fund industry is not growing quickly.  The mutual fund industry has to bring their cost structure down.  It can survive and at some time there could be more acquisitions.


Price:
$32.800
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2015-01-29 COMMENT Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

They are cutting some 500 jobs.  There is pressure on them to be more cost effective.  But they say they will hire 5000 more in the next year.


Price:
$91.370
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2015-01-29 BUY Must be logged in to use chart DEO-N Diageo PLC

They are a global company, around 21 times earnings and a great dividend.  They had issues where they spent too much on marketing.  The volume of spirits does not move up. People move from clear to premium spirits.  He thinks they will do more bolt-on acquisitions in local markets.  It is a great growth business that is consolidating. It is a well managed company and will continue to do well.


Price:
$121.940
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
No
2015-01-29 BUY Must be logged in to use chart DOL-T Dollarama Inc.

They are very good at their organic growth.  They are defensive and cyclical at the same time.  People still shop there when things are improving.  One of the issues is that they source a lot of their product from the US so the currency issue may affect them.


Price:
$59.950
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2015-01-29 SELL Must be logged in to use chart DPS-N Dr. Pepper Snapple Group

They have effectively used their capital structure well and increased free cash flow.  His issues are that the whole sugary drink area is under pressure as it is adding to the diabetes problem and a lot of the cost structure taken out has finished and so you need them to grow the top line.  They are getting a lot of price competition from Coke and Pepsi.  They are not as international as the other two so there is some room for growth there.  He would suggest, however that it is time to get out.


Price:
$79.080
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
No
2015-01-29 DON'T BUY Must be logged in to use chart HSBC-N HSBC Holdings P L C

The issue is that they are a large international bank with a large presence in Asia.  Their acquisition of Household Finance was a disaster.  They are not making changes as fast as BCS-N.  HSBC-N has gotten lost in their strategy somewhere, so he would prefer BCS-N.


Price:
$46.680
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
No
2015-01-29 BUY on WEAKNESS Must be logged in to use chart JNJ-N Johnson & Johnson

It is a great company, not expensive.  As things come off in one business another picks up.  There are devices, pharmaceutical and consumer products.  Thinks they will continue to make small acquisitions.  You can hold this for the long, long term.  He would buy more on a pullback.


Price:
$102.380
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
No
2015-01-29 BUY Must be logged in to use chart JPM-N JP Morgan Chase & Co

A great company.  He thinks it is not expensive, 9 times earnings, around book value and has a decent dividend yield.  The net interest margin has been hurt over the last little while.  It has also been hurt by some fixed income business.  They did well on equities and M & A.  You are not paying a lot and the US economy is doing better, so it should help JPM-N.  It is a very large asset management bank as well as having a credit card business.  There are a lot of issues with regulation.  But he thinks they are good value here.


Price:
$55.670
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2015-01-29 PAST TOP PICK Must be logged in to use chart LNF-T Leon's Furniture

(Top Pick Jan 20/14, Up 37.08%) Management owns a very large percentage of the stock.  LNF-T owns the properties under the stores.  He sold some off because it ran up so far and would buy it back on a dip.


Price:
$19.000
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
No
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