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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
2016-01-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. He focuses on companies that create free cash flow consistently over time. When you get into markets like this, you don’t want to have companies that are heavily indebted, because their costs of borrowing are going through the roof. He started to accumulate cash, probably in 2014, and was happy to have 10%-15% cash last year, because if the market continued higher then clients would make money, but if it started to pull off then there is cash on the sidelines to take advantage of opportunities. What we saw today is nothing compared to what we saw in 2008. There hasn’t been capitulation, you are not getting everybody screaming to Sell watching the bids disappear. Normally, when PEs get up around 23 or 24 times, that is usually signalling a peak. We’ve had ultra low interest rates for a very long time, and if you back out the extraordinary items from earnings, you are going to start to see the S&P, 600 Europe, etc. all trading at 22-23 times earnings. There is nothing wrong with having cash on the sidelines. He has always advocated no more than 20%, because that is deemed to be a synthetic Short cash.


Price:
$0.020
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
_N/A
2016-01-15 TOP PICK Must be logged in to use chart ATRI-Q Atrion Corp

A tiny healthcare company that no US brokerage analyst covers. A quiet stock that small investors can buy. Not very liquid, but they have been around for many, many years. They make widgets in operating rooms for open-heart surgery, and the machines that moves medicine and blood flow into the heart while the surgery is going on. Growth about 7%-8% a year. Dividend yield of 1.01%.


Price:
$356.450
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-01-15 COMMENT Must be logged in to use chart BMO-T Bank of Montreal

Canadian Banks are in a conundrum right now. They are not growing the way they should be growing, because parts of their business has dried up. Capital markets activity is not great and the mortgage business is starting to slow down. Some banks are starting to lay people off which is not a good sign as it means they’ve got cost overruns. Just own one of the banks. This one would rank 4th or 5th of the top 5, and only because they have always been trying to reinvent themselves.


Price:
$70.850
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-01-15 COMMENT Must be logged in to use chart CCL.B-T CCL Industries (B)

The tuck in acquisitions made in the last few years has really boded well for them, and has got them on a growth line, which has most portfolio managers in Canada jumping on board. Not going to grow at the same rate it has in the last couple of years, but there is nothing wrong with the quality of the stock. Dividends are also showing some decent growth.


Price:
$217.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-01-15 TOP PICK Must be logged in to use chart DSY-FP Dassault Systemes

(Paris exchange.) A software company that does CAD/CAM technologies. Companies can run simulations on their ideas and get their specifications done in 3 dimension. They are in every kind of sector you can think of, and have major clients globally. This is a company that will continue to grow over time because the demand is there for technological advances and cost cutting. Dividend yield of 0.67%.


Price:
$0.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-01-15 DON'T BUY Must be logged in to use chart ECA-T Encana Corp

This has been a really bumpy stock, because it is one that doesn’t have its house in order. For the most part it has not been able to grow the business appropriately. They had to split off a few years ago, and that was followed by commodity prices whacking them. This has issues, so stay away from it.


Price:
$5.380
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-01-15 PAST TOP PICK Must be logged in to use chart FEIC-Q FEI Company

(A Top Pick May 20/14. Down 11.27%.) Out of Oregon and makes electron microscopes. If you want an investment in nanotechnology, this is the place to be. Just started dividends 3 years ago, which means the free cash flow is strong. He is still buying.


Price:
$69.460
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-01-15 PAST TOP PICK Must be logged in to use chart FTS-T Fortis Inc.

(A Top Pick May 20/14. Up 19.04%.) Of the 3 picks, this is the one for downside protection and conservative, because he was expecting interest rates to fall in 2014. With the acquisitions they have made in the US they have electricity production and hydroelectricity coming on stream. When the rate base grows, the earnings rise. The dividend has been bumped a couple of times.


Price:
$36.520
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-01-15 PAST TOP PICK Must be logged in to use chart GETIB-SS Getinge AB

(A Top Pick May 20/14. Up 2.44%.) This is a turnaround stock. They make hospital beds, equipment and sterilization. Made an acquisition in the US that turned sour. He would rather be in medical equipment rather than pharmaceuticals because they offer a better demographic play.


Price:
$0.000
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-01-15 BUY Must be logged in to use chart HAS-Q Hasbro Inc

When comparing this to Mattel (MAT-Q), you get a really good company. In this game space, you have a consumer stock that has been there forever and that continues to generate wonderful free cash flows. The dividend has been growing at a wonderful pace. Has no problem if he wanted to own this.


Price:
$72.070
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-01-15 TOP PICK Must be logged in to use chart JM-SP Jardine Matheson

(Singapore exchange.) A gargantuan conglomerate that goes back to the 1600s. They do everything in South East Asia including hotels, restaurants, groceries, car dealerships, etc. In 2008, Hong Kong prices fell almost in half, and the stock stepped up to the plate and doubled their development position by buying up land in Hong Kong and developing it. A very underleveraged company with lots of room to make acquisitions if the South East Asian countries continue to suffer. A good stock to own for complete coverage in Southeast Asia.


Price:
$0.010
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-01-15 COMMENT Must be logged in to use chart KKR-N KKR & Co. LP

Are you investing in the business or trading in the stock prices? The important thing when being in the stock market is that you are investing in a group of businesses with an expectation of sharing in the profits in the form of a dividend. If the dividend is rising every year, then you are going to participate. If the dividend rises, then the share price will ultimately follow. This one is in the private equity area. M&A was great last year and pushed the stock up, but who knows what is going to happen in 2016.


Price:
$13.440
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2016-01-15 COMMENT Must be logged in to use chart MFC-T Manulife Financial

Manulife (MFC-T) or Power Financial (PWF-T)? Power financial is more into Investors Group and Great West Life. Great West is basically health benefits and the demand is there, so it is inelastic. This company is in life insurance and other things that are little bit riskier. He prefers Chubb Ltd (CB-N).


Price:
$18.040
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-01-15 HOLD Must be logged in to use chart PPL-T Pembina Pipeline Corp

Likes the midsize pipelines. This company has seen its share price really falter, but that is just in line with pretty much what the sector is doing. Has no problem with an investor owning this. The yield is pretty hefty at about 6.5%.


Price:
$28.020
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-01-15 COMMENT Must be logged in to use chart PWF-T Power Financial Corp

Manulife (MFC-T) or Power Financial (PWF-T)? This one is more into Investors Group and Great West Life. Great West is basically health benefits and the demand is there, so it is inelastic. Manulife is in life insurance and other things that are little bit riskier. He prefers Chubb Ltd (CB-N).


Price:
$30.100
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
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