Viewing Expert David Driscoll | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

David Driscoll , President & CEO

Liberty International Investment Management Inc


Date Signal Chart Symbol Company Opinion Price
2017-03-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The elections are going on right now in Europe. We have Trump, and we don’t know what kind of legislation is going to go through. We have the debt ceiling coming up at the end of April, so Trump is going to try to push through a $1 trillion budget. Earnings are starting to grow nicely for many companies, and they are generating free cash flow, but overall the market is still looking pretty rich. There has been a lot of money moving from bond ETF’s back into the market and that is usually not a good indication.


Price:
$0.020
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
_N/A
2017-03-13 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Defence stocks? Defence stocks have had a big run since the election. You really have to drill down through each individual company, because each of them provides a different type of defence. A couple of companies he owns do have defence in their businesses. The biggest one would be Heico (HEI-N) which does aerospace parts as well as electronic equipment. In this environment, his recommendation would be, if a 1st time purchase, to buy half a position in the event that there is a market correction and you can step in at a better price.


Price:
$0.020
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2017-03-13 PAST TOP PICK Must be logged in to use chart ABC-N Amerisourcebergen Corp

(A Top Pick April 4/16. Up 4%.) Part of the fallout from the healthcare situation in the US. Trading at very mid-teen multiples, much less than what the market is trading at. Also, this is partially owned by Walgreens (WBA-Q) who got the contract away from CVS (CVS-N), so there is going to be an extra 40 million prescriptions going to be written that Amerisource is going to take advantage of. He is going to continue to Buy more.


Price:
$89.140
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2017-03-13 DON'T BUY Must be logged in to use chart BCE-T BCE Inc.

Not a fan of this. Prefers Telus (T-T) because they are turning around with the Western economy starting to grow again. BCE’s revenues were up 1% in the last year. Assets aren’t growing. While they have good margins, the dividend is only growing roughly at a 4%-5% rate. When you take into account tax and inflation, you are pretty much getting to zero.


Price:
$57.770
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2017-03-13 DON'T BUY Must be logged in to use chart BX-N Blackstone Group LP

(Market Call Minute.) He would pass on this. Carlysle Group have been selling off their pools, and this company hasn’t started yet. (See Top Picks.)


Price:
$30.350
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2017-03-13 COMMENT Must be logged in to use chart CHRW-Q CH Robinson Worldwide

Has owned this since 2012-2013. This is logistics for trucking and transport. It was mostly US, but have gotten into airfreight marine with their latest acquisition of a logistics company in New Zealand and Australia. Because the headcount is so low, this is known as an asset light business, where the current assets are greater than the total liabilities. Chances of going bankrupt are slim to nil.


Price:
$79.310
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2017-03-13 DON'T BUY Must be logged in to use chart CSCO-Q Cisco

This has gone from a hardware company to software. They are trying desperately to do that quickly, being in the Cloud and providing artificial intelligence moving forward. The old hardware business is pretty much gone and they are trying to make a transformation. The jury is still out as to whether they are going to be hugely successful. He would avoid this.


Price:
$34.100
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2017-03-13 TOP PICK Must be logged in to use chart DHR-N Danaher Corp.

This is in 4 basic businesses, which are all trends moving forward. They got rid of their industrial business about a year ago with a spinoff, and what is left is what he wants to own. Life sciences, diagnostics, dental and environment. Instead of owning oil and gas stocks, his resource of choice is water. This company does wastewater management. Long-term returns have been almost double what the S&P 500 has been over the last 5, 10, 20 years. These guys are like private equities. They come in and buy a company, but unlike the 3 Gs of the world, where they rip everything apart, they work with the owners and build the businesses as turnarounds. This is where the value added comes from. Dividend growth, free cash flow growth and revenue growth. In 3 of the 4 businesses, the margins are mid-teens and with the water business, it is up in the 20s, creating huge returns on capital. Yield of 0.6%. (Analysts’ price target is $89.82.)


Price:
$87.500
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2017-03-13 TOP PICK Must be logged in to use chart DSY-FP Dassault Systemes

A 3-D CAD/CAM company, that makes software for companies, but take an idea, run the iterations of the 3-D experience, and come up with the best business model, find out if it is implementable, and at what cost. Artificial intelligence is coming. Internet of things. This company is right in the middle of everything. They are in huge demand. Free cash flow is growing in the mid-teens. The dividend has been rising by 10%. Dividend yield of 0.6%. (Analysts’ price target is 78.22 €.)


Price:
$0.000
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2017-03-13 PAST TOP PICK Must be logged in to use chart FFH-T Fairfax Financial

(A Top Pick April 4/16. Down 11%.) Not back to breakeven yet, but he was buying at around $590. At the time, this was his hedge against other stocks in his TFSA accounts, because Prem Watsa was Short the market at the time. After the election he sold all his long-dated bonds, and most recently sold all his bonds. He is now all in cash and covered his losses on his S&P puts. They made the Allied acquisition in Switzerland, as well as some underwriting investments in Fairfax India and Fairfax Africa. There are a lot of compelling reasons to want to continue owning the stock.


Price:
$626.060
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2017-03-13 WAIT Must be logged in to use chart HEI-N HEICO CORP

Aerospace parts as well as electronic equipment. This has done exceptionally well over time. They are about to split their shares in May, which will probably be a 5 to 4 split, so he would hold back on buying this.


Price:
$86.290
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2017-03-13 COMMENT Must be logged in to use chart HRL-N Hormel Foods Corp

OK at these levels, but he would just do a half position now if he were getting into it. Growth is starting to slow a little on the top side, and they are struggling a little with some of their pork products because of rising prices. He would only do a half position and see what happens with that.


Price:
$34.940
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2017-03-13 DON'T BUY Must be logged in to use chart HSBC-N HSBC Holdings P L C

(Market Call Minute.) This is still downsizing, selling off a lot of assets to get their margins back on board, so he wouldn’t be a buyer.


Price:
$41.160
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2017-03-13 BUY on WEAKNESS Must be logged in to use chart ING-N ING Groep NV

Compared to other European banks, he would consider this as average. Dividend yield of 4.5%, which probably attracts a number of people. However, ROE is only 9.5%, and they are still highly leveraged. If you own, continue to hold, but look for prices in order to Buy more.


Price:
$15.470
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2017-03-13 COMMENT Must be logged in to use chart INTC-Q Intel

Just acquired Mobileye, which is all about autonomous vehicles. It’s a big gulp, but it is the only way they are going to survive. They can’t sell chips into laptops and standalone computers any more. This is really the direction they want to go. There is lots of competition. He doesn’t want to own this, because free cash flow has been falling. There is nothing wrong with the quality, it’s just way down on his list.


Price:
$35.160
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
Showing 1 to 15 of 1,737 entries
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