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

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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
2014-07-08 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. The summer correction is when all the traders go on holidays July 1st so it is like a buyers’ strike.  Seasonality kicks in.  It has felt rather weak over the last few days possibly for this reason.  Everyone thinks there is going to be a correction which probably means there won’t be, yet we have had such a good run that we do need to have a correction.  He expects a 5-7% pullback over the next 5-7 weeks.  He is more fundamental and less technical, but it looks like the market is toppish and rolling over, even though company earnings are strong.  Global growth is humming around 4% and North America is recovering nicely from the winter.  Interest rates have hit the lows of the last 30 years.  It’s hard to impress the bond market.  The emergency lending has started to wrap up and rates should go up next spring.  Rates will still remain relatively low, however, on a historical basis.


Price:
$0.020
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
_N/A
2014-07-08 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

The US housing market is going sideways.  There are supply issues.  Banks would not lend to many consumers so it was people from other countries going into Florida and buying up properties for cash.  Thinks it will go up 5-7% later in the year.


Price:
$0.020
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
_N/A
2014-07-08 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

REIT Prospects.  REITs got hurt when rates increased a while back.  If rates go up again, REITs will certainly be hurt.  However, their payout ratios are now lower and they are locking in all this long term funding.  So interest rates are becoming less of an issue.


Price:
$0.020
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
_N/A
2014-07-08 BUY Must be logged in to use chart AX.UN-T Artis Real Estate Investment Trust

A great management team.  Made a strategic decision to explore in the US when assets were cheap.  About 25% of the portfolio is US.  They have retail, office, industrial.  They execute well.  They will be slightly hurt by the recent Canadian dollar appreciation.  They are trading nicely and not too expensive, but interest rates can get in the way. 


Price:
$15.370
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Unknown
2014-07-08 PAST TOP PICK Must be logged in to use chart BAC-N Bank of America

(Top Pick July 02/13, Up 21.09%) It has done its thing, but it still trades well on its tangible book value.  There are only so many people that can sue them.  The US housing recovery is in place.


Price:
$15.580
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Yes
2014-07-08 WEAK BUY Must be logged in to use chart CHP.UN-T Choice Properties REIT

Tenants are 95% Loblaw’s anchored.  Stable asset.  It hasn’t done much since the IPO.  There is nothing wrong with it.  There is always that inherent conflict where so much of it is owned by Loblaw’s.  He finds this a conflict.


Price:
$10.610
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Unknown
2014-07-08 DON'T BUY Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

Buying before or after an upcoming split is a short term technical thing.  From his perspective it really doesn’t matter.  It is hard to get excited about the Canadian banks.  The housing market is rock solid and the banks are strong businesses.  The return on equity is really high.  At this time you talk about best in class and CIBC has always had issues such as write-downs, so he has always tended toward TD-T and RY-T.


Price:
$97.650
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Unknown
2014-07-08 BUY Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

Such a great operator, great growth profile.  Analysts are still forecasting a $90 barrel of oil and $4 MCF for gas.  CNQ-T has some more room to go.  Prefers SU-T because of assets, but CNQ-T is also good.  There are probably more legs even if oil comes off a little.


Price:
$49.120
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Unknown
2014-07-08 BUY Must be logged in to use chart CRR.UN-T Crombie Real Estate Investment Trust

Great operators, great managers.  Their assets out east are very strong and consistent.  There is a certain defensiveness to this asset class.  This company will probably outperform other REITs.


Price:
$13.170
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Yes
2014-07-08 DON'T BUY Must be logged in to use chart DIR.UN-T Dream Industrial REIT

Dream International, Dream REIT and lots of assets going all over the place.  He would prefer a more conservative stance.  He doesn’t want to get involved because the restructuring hasn’t really gone on and they just hid the problems under the mat.


Price:
$9.670
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Unknown
2014-07-08 HOLD Must be logged in to use chart DR-T Medical Facilities Corp.

Owns medical facilities in the US.  It is getting access to assets in the US.  They are private clinics and don’t suffer from Obamacare.  Valuation is still trying to catch up, however.  Don’t expect anything except the dividend.  To buy, wait for another dollar cheaper.


Price:
$16.950
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Yes
2014-07-08 PAST TOP PICK Must be logged in to use chart MEQ-T Mainstreet Equity Corp

(Top Pick July 02/13, Up 15.84%) Two and 3 story apartment buildings in Western Canada.  They don’t pay out anything, but just keep buying new properties.  They do an incredible job.


Price:
$38.680
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Yes
2014-07-08 DON'T BUY Must be logged in to use chart MOB.UN-X North West International Healthcare Prop.REIT

There is always execution risk.  They also own North West Medical.  He likes the management team to be focused on doing only one thing.  He shies away from this kind of thing.


Price:
$2.050
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
No
2014-07-08 TOP PICK Must be logged in to use chart MTG-T Timbercreek Senior Mortgage

A mortgage investment company.  Trades at a discount.  75% of their book is first mortgages.  They are at about 44% loan to value. If real estate falls apart they still get all their money back.  This is almost equivalent to a bond.


Price:
$8.960
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Yes
2014-07-08 WEAK BUY Must be logged in to use chart RUF.U-X Pure Multi-Family REIT LP

Nothing wrong with it.  They are part of the Pure REITs and he would prefer the management team focused on only one thing.  Prefers Tricon.


Price:
$4.820
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Unknown
Showing 1 to 15 of 1,021 entries
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