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
2016-11-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Global Market. Markets were pretty flat line until the US president’s election was over, and caught everybody by surprise. Suddenly everything goes haywire. Bond yields are rising overseas, emerging markets are getting crushed, the US$ is rising, Cdn$ is falling, and everybody is scrambling to rotate from one sector to another so that if interest rates are rising, insurance and banks are in favour. People are also rotating out of the sane stocks such as the NASDAQ, Facebook, Amazon, Netflix and Google, back into the infrastructure plays. As a portfolio manager, his play is to have all bases covered, so he is not doing any sector rotation or any big calls one way or another. It is just a matter of being able to manage that correlation risk and concentration risk. He is not going to shoot the lights out, but at the same time he is not going to lose 20%-30% in a year. It keeps investors in the game, so that no matter whatever happens down the road, they are not going to run out of money.


Price:
$0.020
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
_N/A
2016-11-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

International diversification? Canadian stock market is mostly financials and commodities. When looking at Canadian stocks on the TSX 300, you are going to find very little revenue exposure outside of North America. US companies are much more aggressive, so there is some diversification. Long term studies going back over 20 years has shown international investments have enhanced returns by 1%-2%. He wants to own International stocks so that there is less correlation risk by having multiple currencies in a portfolio. Doesn’t think of companies as to where they are domiciled, but as to where their revenues are coming from. When he can find global companies that are doing 80% of their revenues outside of North America, it gives him the opportunity to diversify further, and reduce the correlation risk.


Price:
$0.020
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
_N/A
2016-11-14 COMMENT Must be logged in to use chart AAPL-Q Apple

The Trump victory throws things wide open, because if they get to repatriate some of their overseas capital, that could give them the opportunity to allocate cash to shareholders. Not a big fan as he thinks they have already hit their plateau, and their innovation is just one iPhone after another.


Price:
$105.710
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-11-14 DON'T BUY Must be logged in to use chart AGF.B-T AGF Management (B)

The problem is that they just sell mutual funds and are under huge duress right now to be able to do something more than just that. Expects they will come out with a brand of ETF’s. Net outflows are continuing. It is not a good time to be a mutual fund company. When CRM2 regulations come out, people will start to see exactly what they are paying in fees, which are much, much higher than ETF’s. 6.4% dividend yield.


Price:
$5.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-11-14 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

He believes in this firm. Now that Trump is in power, here come the pipelines. TransCanada (TRP-T) is probably going to get Keystone. He is expecting a little jump in all the pipelines now.


Price:
$31.380
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-11-14 BUY Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

This company was really happy with the results of the election, because they had just bought a company in Missouri. The benefits to them will be switching from coal to natural gas, and also getting wind power assets with a lower tax rate, and being able to convert the US$ back to Canadian to pay off shareholders. Shareholders are probably going to get a nice bump every year on their dividend, probably in the 10% range. As a dividend grows, the share price often follows.


Price:
$10.570
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-11-14 DON'T BUY Must be logged in to use chart CX-N Cemex SA

40% of revenues are already in the US, so Trump is not going to have a huge detrimental effect. The only problem with this company is that they made a bad acquisition about 5-6 years ago, and are still paying for it. Their credit quality is a little under investment grade, and they still have a lot of debts to pay off before they can really turn this company around and start to have more success.


Price:
$7.490
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-11-14 PAST TOP PICK Must be logged in to use chart FCFS-N First Cash Financial Services

(A Top Pick Aug 25/16. Down 4.18%.) Fund stores through the US and Mexico through Cash America and First Cash Financial. They’ve also started building some pawnshops in Colombia, as well as looking at Chili and Peru. Because Mexico does not have great banking services, pawnshops actually do quite well. This has pretty much been tracking the price of gold. Rather than tracking the gold producers, their balance sheet has been a whole lot better. Dividend has been rising on an escalating scale in double digits, and they just continue to build out their stores. The response has been good because they are in areas where banking has not been great.


Price:
$49.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-11-14 COMMENT Must be logged in to use chart FRRVY-OTC Ferrovial SA

With global utilities or yield plays falling, what would be a good name to buy? This one is a Spanish infrastructure group. It is utility-like in that they own part of the Highway 407 toll road, so you are almost getting an infrastructure play. This gives you a long dated asset that is earning 5%-6%, compared to where 30-year yields are in the 2% range. Thinks it is good value moving forward.


Price:
$0.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-11-14 COMMENT Must be logged in to use chart FTS-T Fortis Inc.

Just made an acquisition in the US. With lower US taxes, they will have more cash available to start to pay off shareholders with higher dividends. They are also benefiting from a lot of coal fired plants turning to natural gas, which is still pretty cheap. As long as they keep drilling and supplying, they should be able to do well with their US operations. In the long run, he is not a big fan of electric utilities, only from the standpoint, in that there is that destructive technology risk. If Elon Musk gets a power pack on the side of every house, then everybody comes off the grid, and suddenly there is no need for transmission lines. His latest idea is having solar powered shingles on houses.


Price:
$39.840
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-11-14 TOP PICK Must be logged in to use chart HLMA-LN Halma plc

A little British company that does protection services. It does CO2 emissions testing, fire alarms, smoke detectors, etc. Their future is really protection and safety, which is a big theme moving forward, because of government regulations, and the need to offset litigation. This is mostly with new builds, non-discretionary income. From a free cash flow standpoint, this has been growing at roughly 10%-15% a year. Dividend yield of 1.3%. (Analysts’ price target is GBP 1077.33.)


Price:
$0.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-11-14 HOLD Must be logged in to use chart MA-N Mastercard Inc.

With the US election of lower tax rates and the ability to repatriate profits from overseas, that would be a positive. He doesn’t see this or Visa (V-N) slowing down anytime soon. There is a lot of growth inherently within both of these going forward. He would rather own Gemalto (GTO-NV), the company that provides the chip technology that they both use, which has also been hit with tough times.


Price:
$101.140
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-11-14 HOLD Must be logged in to use chart MRW-LSE Wm Morrison Supermarkets

(Market Call Minute.) The supermarket business in Britain is still undergoing deflation pressures on prices.


Price:
$0.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-11-14 SELL Must be logged in to use chart NSRGY-OTC Nestles

(Market Call Minute.) Not a big fan of the company. The CEO and management need to get a kick in the head, and get out of there.


Price:
$0.001
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-11-14 COMMENT Must be logged in to use chart NVO-N Novo-Nordisk

The share price has come down roughly 45% in the last year, mostly on lack of pricing power in the US. Now that Trump is in power, healthcare stocks have started to turn back to some degree. This company has seen a decline in sales in the US, but they are primarily insulin makers, and have got 51% market share. Where they fall in price, they are going to pick up on volume, because there is still expected to be another 50% increase in type I and type II diabetes over the next 25 years. Because they are no longer the high growth story, the stock has come down and is now trading at a value that is based on 6%-7% revenue growth, which he thinks is fairly valued right now. They have no debt and are going to start to diversify away from the step-by-step insulin, into kidney and liver disease. The dividend has plenty of room to grow.


Price:
$32.980
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
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