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Compiling comments that experts make about stocks while on public TV.

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David Driscoll , Partner

Toron Investment Management


Date Signal Chart Symbol Company Opinion Price
2013-11-08 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Earnings growth has not been particularly impressive. You can call this a Bernanke rally. If earnings are not driving the market higher, then it is the ultra low interest rate environment that creates people to take more risks. We have had 5 years of pretty much up markets and getting close to what he feels is a top. Time to take a breath and reallocate your capital, relative to 5 years ago when it was easy. Geographically he is seeing a little bit of growth in the US, nothing in Europe so far and China is slowing down. Although emerging markets are growing at a little faster clip than North America, as interest rates grew in June, a lot of money came out of emerging markets in stocks, bonds and currency. It is now coming down to being a stock pickers market. He is still in the market with 5%-10% cash. He is just looking for the cash flow growth of dividends so he has some downside protection in the event of a correction in 2014. Don’t forget that the 2nd year of the presidential cycle usually tends to be negative.


Price:
$0.020
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
_N/A
2013-11-08 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Non-resident tax on dividends through the New York Stock Exchange? This is where strategizing has to come into play. For non-Canadian companies, there will be withholding tax, depending on country. It can range all the way from 15% in the US to 30% in Italy. Those accounts should be in taxable accounts because then you can claim back the withholding tax. On US dividends in RRSP’s there is no withholding tax. Something to think about is to never let the tax tail wag the investment dog. To invest just in Canada and Canadian dividend paying stocks, is fine but you are not going to get the diversification.


Price:
$0.020
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
_N/A
2013-11-08 TOP PICK Must be logged in to use chart ABC-N Amerisourcebergen Corp

(He recommends you take a half position only because these Top Picks are trading at multiples that are higher than average, but are still attractive as long-term investments.) Distributes pharmaceuticals to hospitals and doctors offices. With the recent joint venture with Walgreen’s (WAG-N) and Alliance Boots in England, this gives them a new footprint into Europe. There is a lot of room for this company to grow.


Price:
$68.000
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2013-11-08 COMMENT Must be logged in to use chart AI-FP Air Liquide SA

This is doing fine. It provides for hospitals, etc. Relative to US companies, they are having pricing competition in Europe. In their most recent quarter, earnings weren’t great and sales were down because of the currency. It is important for investors to look at these European companies, as to how much exposure they have on the European continent. Having to do some cost-cutting in Germany, France and Italy to deal with cheaper prices that are going on in the US. Good company and have been able to grow their dividends well over time. Yield of about 2.5%. Wouldn’t have any problems owning this.


Price:
$0.000
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2013-11-08 TOP PICK Must be logged in to use chart BCPC-Q Balchem Corp

(He recommends you take a half position only because these Top Picks are trading at multiples that are higher than average, but are still attractive as long-term investments.) A specialties chemical firm. Make choline chloride, which goes into feedstock for cattle and chickens. Also, chemicals for foodstuffs, as well as improving milk content in dairy cows. Free cash flow has consistently risen for the last decade. Dividends have been growing at a 20% clip. Yield is very small so he has been buying it for his clients’ grandchildren. This is one you can buy and hold for a long period of time.


Price:
$54.150
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2013-11-08 PARTIAL BUY Must be logged in to use chart COST-Q Costco Wholesale

Still growing. This is the preferred one over a Wal-Mart because they are doing business the right way. Likes their business model where they are trying to support growth in the economy. He would prefer it around $105-$110 range. If you are a first-time buyer, buy one half position today and then watch to see what happens in the market. Trading at roughly 20X earnings.


Price:
$122.780
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2013-11-08 COMMENT Must be logged in to use chart DEO-N Diageo PLC

ADR or London exchange? This depends on whether you want to own US dollars or British pounds. He prefers British pounds right now because it is the cheaper currency. Also, there is more liquidity in the British pound stock. If you can do this without a lot of costs, he would go on the London exchange.


Price:
$128.750
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2013-11-08 PAST TOP PICK Must be logged in to use chart EI-FP Essilor International

(A Top Pick Sept 14/12. Up 5.33%.) Has been coming down recently because they have been making acquisitions. Still likes it as they are the only game in town as far as lenses are concerned. Good long-term hold.


Price:
$0.000
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2013-11-08 TOP PICK Must be logged in to use chart EKTAB-SS Electa AB

(He recommends you take a half position only because these Top Picks are trading at multiples that are higher than average, but are still attractive as long-term investments.) Radiation therapy for brain cancer. A Swedish firm where the suffering is on the hardware side, but they also supply all the software that goes with it. Trading at a PEG ratio of about 1. They are #1 in their industry in that category. Do a lot of business in the Middle East and Asia and demand there is picking up as middle incomes begin to grow.


Price:
$0.000
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2013-11-08 BUY Must be logged in to use chart FMX-N Foment Economico Mexican

Feels political situation in Mexico is improving. Government is focused on trying to provide growth in the economy to offset the drug trade. Stock hit a high at about $120 and started to fall back for a few reasons. Storms in September hurt their 3rd-quarter earnings and flooding pretty well stopped consumer spending. Government wants to initiate a doubling of the sugar tax and this one is the Coca-Cola bottler of Femsa, Coke and sports drinks throughout Mexico, Latin America and South America. Also, own the Oxo convenience stores. Have also been buying pharmacies. Sold their beer assets 5 years ago. Because the cash is not been expended, the dividend from 2009 has gone from $.36 to $1.64.


Price:
$90.260
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2013-11-08 PAST TOP PICK Must be logged in to use chart GWW-N W. W. Grainger Inc

(A Top Pick Sept 14/12. Up 31.95%.) Feels this is a little over extended now. Historically P/E ratios in this industry have topped around 14 and this is trading around 17-18 times. Buy this on weakness.


Price:
$268.110
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2013-11-08 COMMENT Must be logged in to use chart HSBC-N HSBC Holdings P L C

Have been doing a lot of cost cutting because they have been caught in the Libor scandal. Been trying to find ways to raise cash for paying expected future fines. Standard Charter (STAN-LSE) and this one are the 2 international banks that he could live with as an investment. Their earnings are growing a little bit faster than North American or European banks because of their global exposure. It’s okay as an investment. Doesn’t think the dividend yield is going to hang around at 8% too much longer. Will probably have to reduce the dividend payout in the near-term.


Price:
$55.940
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2013-11-08 PAST TOP PICK Must be logged in to use chart JM-SP Jardine Matheson

(A Top Pick Sept 14/12. Down 1.67%.) This is a proxy on the Southeast Asian market. As China has slowed down, so has their profitability. Very good entry point.


Price:
$0.010
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2013-11-08 COMMENT Must be logged in to use chart KKR-N KKR & Co. LP

If interest rates were to rise, deal making would probably begin to slow. They are always looking for deals to be made where they can make the greatest return. As an investment, you have to deal with the cyclicality as it will be booming when deals are ripe to be made and then it pulls back every time there is nothing going on. Doesn’t own the stock but owns one of their preferred shares.


Price:
$23.350
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2013-11-08 COMMENT Must be logged in to use chart NUE-N Nucor Corp.

His favourite steel stock in the US. They have the pricing power and they don’t have leveraged balance sheet like others. You have to remember that this is cyclical. The time to be buying is when things are at their worst. These companies are going to make all their money in the good times and lose it all in the bad times. At this price. It is okay but is not a situation he would want to step into until he sees more performance of the US market that steel demand is going to continue. 2.7% yield.


Price:
$54.620
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
Showing 1 to 15 of 1,545 entries
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