Viewing Expert Paul Gardner, CFA | StockChase
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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
2017-03-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Everyone was euphoric when Trump got a majority republican congress.  The market has now spent 24 hours worrying about healthcare.  There would probably be a good mandate to see lower corporate tax rates.  Now he can allow companies to grow more without needless US regulation.  Earnings are string to bubble upward.  The market is not that expensive.  We need to see lower tax rates and deregulation, but we are now a lot less confident in a clear agenda.  World economics are strong enough now to drive stock prices upward.  Unemployment is dropping.  The Fed is raising rates.  We are seeing growth spurts from Japan and growth numbers in Europe.  Greece seems not to be an issue.  Canada is a proxy for global growth.


Price:
$0.020
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
_N/A
2017-03-28 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian banks.  They are expensive based on book value.  10 years from now, they will probably double.  Europe has some incredibly cheap banks so it would be a good idea to move some money from Canadian banks to Europe for diversification purposes. 


Price:
$0.020
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2017-03-28 TOP PICK Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Baytex 6.625% bonds maturing 2022.  He feels they are a much safer investment.  You don’t have to hope oil comes back. 


Price:
$0.020
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2017-03-28 DON'T BUY Must be logged in to use chart AAR.UN-T Pure Industrial Real Estatetrust Trust

They have had the ability to grow and this is why they issued units.  Industrial space is the hot commodity right now.  17 times price to AFFO so it is on the higher side. 


Price:
$6.040
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Unknown
2017-03-28 TOP PICK Must be logged in to use chart ACQ-T AutoCanada Inc.

He just started buying this.  It was washed out because of Alberta exposure.  2/3rds of the dealers are privately owned and looking to transition out.  They should do well, even though nothing should happen for the next 6 to 9 months.  (Analysts’ target:  $26.50).


Price:
$21.440
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2017-03-28 BUY Must be logged in to use chart ALA-T Altagas Ltd

The dividend is sustainable.  They did an acquisition in the US.  The market did not technically like it because of equity issue, but he things it is transformational and incredibly accretive.  It will take about 18 month for the process to go through and for them to close the deal.  It is cheap and you will see it outperform next year.  Their assets are incredibly strong.


Price:
$30.960
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2017-03-28 PAST TOP PICK Must be logged in to use chart ARE-T Aecon Group Inc

Convertible 5.5% bond due Dec 1/18. (Top Pick Feb 17/16, Up 6%) He sold about two quarters ago.


Price:
$17.360
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
No
2017-03-28 BUY Must be logged in to use chart BAC-N Bank of America

They raised their dividend quietly, but not too aggressively.  They are at the higher end of capital requirements.  They did a lot of stock buybacks.  He would not be surprised if they raised their dividend soon.  He likes it.  They are the largest deposit holder.  If interest rates rise it drops directly to their bottom line.  He is pretty sure deregulation is going to happen and there will be re-valuation.


Price:
$23.480
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2017-03-28 TOP PICK Must be logged in to use chart BCE-T BCE Inc.

Tremendous free cash flow yield.  It is in the best position of all the telcos and cable companies.  Fiber to the home has a compelling element. They are tremendous cost cutters.  (Analysts’ Target:  $60.00).


Price:
$58.910
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2017-03-28 BUY Must be logged in to use chart CAR.UN-T Canadian Apartment Properties

They have some exposure to Alberta but most is Ontario, Quebec and BC.  There is very little vacancy.  They have executed incredibly well. He likes the company and its assets.  This one is defensive in nature.  Apartments do well in a real estate downturn.


Price:
$33.350
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Unknown
2017-03-28 DON'T BUY Must be logged in to use chart CJR.B-T Corus Entertainment (B)

The yield tells you they are under stress.  They have underperformed.  We have seen a number of earnings misses.  It is an underperforming sector.  He does not know if the dividend is that sustainable.


Price:
$13.060
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Unknown
2017-03-28 BUY Must be logged in to use chart CTC.A-T Canadian Tire Corporation Ltd. (A)

They have executed well with their Marks brand, gas stations and financial arm.  They are one of the few retailers that has constantly made growth and dividend growth.  They even succeeded in holding their own when Wal-Mart came to Canada.


Price:
$154.910
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Unknown
2017-03-28 DON'T BUY Must be logged in to use chart D.UN-T Dream Office REIT

He avoided it for years.  It got crushed in Alberta.  The biggest issue is the quality of their assets.  Management has a contract that is based on growth and is excessive.  Avoid it.


Price:
$19.250
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Unknown
2017-03-28 PAST TOP PICK Must be logged in to use chart DH-T DH Corporation

(Top Pick Feb 17/16, Down 17%) They are effectively being taken out.  He liked what they were acquiring.  The problem was their execution failed and they bought acquisitions through debt.  It was a bit of a miss.


Price:
$25.200
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2017-03-28 COMMENT Must be logged in to use chart ENF-T Enbridge Income Fund Holdings

He prefers the income fund.  They are tremendously good at return on equity and capital.  He does not know of anything specific about why they are down today.  It may be the record date being 3 days before today.  You would not get the dividend if you bought it today.  Today they decided to sell half a million worth of assets to the income fund.


Price:
$33.330
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
No
Showing 1 to 15 of 1,221 entries
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