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

Viewing Expert

Paul Gardner, CFA , Partner and Portfolio Manager

Avenue Investment Management

Address
47 Colborne Street
Suite 300
Toronto, ON
M5E 1P8

Contact Info
Telephone: 416.482.2004
Toll Free: 888.482.2007
Fax: 416.482.0007
Email:
Website: http://www.avenueinvestment.com/


Date Signal Chart Symbol Company Opinion Price
2016-01-05 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  To look forward you have to look backward because it will be more of the same thing.  There such a depressed commodity market.  The underlying TSX and the Canadian economy are underpinned by that.  There is a feeling of capitulation, but it is very tenuous to pick a bottom.  The US recovery is still very tenuous.  This is a stock picker’s market as it was for the last year.  It will not be a big momentum situation.  Canada has underperformed the US market for several years and statistically, it should not do so this year.  Canada keeping interest rates low is encouraging even more debt.  Lowering rates would create a run on the currency.


Price:
$0.020
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
_N/A
2016-01-05 PAST TOP PICK Must be logged in to use chart BEI.UN-T Boardwalk REIT

(Top Pick Jan 20/15, Down 20.27%) He sold out at $53.  Management is second to none.  It is a very difficult market.  The numbers were okay last quarter, but it will be very difficult for them.  They will be impacted by the spike in vacancy rates.


Price:
$47.010
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
No
2016-01-05 DON'T BUY Must be logged in to use chart BNS-T Bank of Nova Scotia

Nothing is going to trigger it to outperform.  You are buying it for the long term.  He prefers TD-T and RY-T to this one. 


Price:
$56.130
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
No
2016-01-05 BUY Must be logged in to use chart CAR.UN-T Canadian Apartment Properties

The company has lagged for a long time because it never had access to the Alberta market.  They are in Ontario, Quebec, BC and only a little bit of Alberta.  In Ontario they can now raise rents 2.5%.  It should continue to outperform.  They are in a good spot.


Price:
$26.890
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
No
2016-01-05 BUY Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

They have been a problem for so many years.  They blew their brains out trying to get into the US.  But now, since they sold those assets, they lowered their debt and own good assets now.  Retirement residences are better than nursing homes. 


Price:
$12.800
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Unknown
2016-01-05 HOLD Must be logged in to use chart CUF.UN-T Cominar Real Estate Inv Tr

Quebec will outperform.  They have done a great job at creating pharma services.  They got hit by Target’s departure.  Retailers are trying to create value by lowering their square footage.  CUF.UN-T should do alright, however.


Price:
$14.670
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Unknown
2016-01-05 DON'T BUY Must be logged in to use chart D.UN-T Dream Office REIT

He has disliked this story for so long.  He has a problem with their management contract and their fees.  They are in a space that is struggling.  They have suffered because of the properties outside of Calgary.  The overall assets are not great.  The dividend is safe.


Price:
$16.860
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Unknown
2016-01-05 TOP PICK Must be logged in to use chart DH-T DH Corporation

It has come off quite a bit.  It keeps on doing what it is doing.  They are the back office of many financial institutions in North America.  It got hit by a short seller who thought their accounting was aggressive.  He does not believe this is true and so it is a great buying opportunity.  The insiders were big buyers recently.


Price:
$31.690
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Yes
2016-01-05 COMMENT Must be logged in to use chart DRG.UN-T Dream Global REIT

If you don’t like Canada, German has a growing economy.  It should outperform.  He does not know their management.


Price:
$8.640
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
No
2016-01-05 TOP PICK Must be logged in to use chart ENB-T Enbridge

He just added to it a couple of weeks ago.  The whole sector has been hit.  ENB-T is one of the great asset managers out there.  They are the toll booth of the North American economy.


Price:
$46.000
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Yes
2016-01-05 BUY Must be logged in to use chart FCR-T First Capital Realty

They are not taxable yet so they don’t have to be a REIT.  The real estate market is not great right now:  Target left, rising rates, anything related to Alberta.  FCR-T is defensive.  They are great managers.  A lot of properties are anchored by Shoppers or grocery stores.  They de-levered their balance sheet a few years ago.  They are benefiting from intensification in large cities.


Price:
$18.100
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Yes
2016-01-05 DON'T BUY Must be logged in to use chart HR.UN-T H&R Real Estate Inv Trust

HR.UN-T has so many asset classes.  He likes companies that specialize in one or two asset classes.  They have office towers in Calgary that thankfully have been leased. 


Price:
$20.050
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Unknown
2016-01-05 BUY Must be logged in to use chart NA-T National Bank of Canada

They are the cheapest of the group because they appear not to have a national platform, even though they do.  They are at 1.4 times book value, so are cheap relative to others.  The impairments from out west will be minimal.  Over the short term it should either hold up with the others or do better.


Price:
$40.090
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Unknown
2016-01-05 DON'T BUY Must be logged in to use chart TA-T Transalta Corp

Has been a problem child for a long time.  They executed very poorly on their assets.  They are over levered.  Moody downgraded their debt.  It all stems from the government’s climate change policy.  The coal assets are about 40% and they had to take a write down.  The dividend is susceptible to cutting because they have to get their debt down.  You are in a headwind because coal assets will be forced to go offline.


Price:
$4.710
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
Unknown
2016-01-05 PAST TOP PICK Must be logged in to use chart TCN-T Tricon Capital Group

(Top Pick Jan 20/15, Up 2.23%) He sold about $10.  He had wanted to participate in the recovery of the US residential housing market. 


Price:
$8.860
Subject:
DIVIDENDS, FIXED INCOME & REITs
Bias:
SELECTIVE
Owned:
No
Showing 1 to 15 of 1,181 entries
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