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

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John O'Connell, CFA , Chairman and CEO

Davis Rea


Date Signal Chart Symbol Company Opinion Price
2014-04-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Concentrates on the best picks on the long side and then pairs them on the companies that won’t grow as rapidly.  He had a negative view on the Canadian dollar and shorted it and that worked out well.  The high flying concept stocks were short and it worked out pretty well.  The things he owns keep working out really, really well.  It’s one of those perfect storms.  He is not so much contrarian, but he wants to make sure he is thinking hard about why he is investing in things.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
_N/A
2014-04-14 TOP PICK Must be logged in to use chart AAPL-Q Apple

He is excited that there are new products later this year that will move the needle.  IPhone 6, for example.  IPhone watch is going to come out.  It will be popular.  New Ipads and new Macbook.  Technology in the phone will become an important part of payment technology.


Price:
$521.680
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-04-14 DON'T BUY Must be logged in to use chart AET.UN-T Argent Energy Trust

This is one of the most recent poster childs for the kind of financial engineering that gets sold to investors.  It paid out a dividend it could not afford for far too long.  They could not keep the game going because they could not find new things to buy to get financing to keep the scheme going.  Don’t even count on it being taken over.


Price:
$2.820
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-04-14 PAST TOP PICK Must be logged in to use chart ALA-T Altagas Ltd

(Top Pick Mar 25/13, Up 39.25%) Nowhere near attractive a valuation as it was.  If interest rates go up this one will run into trouble, but he does not think that will happen.  He is holding because he does not have good alternatives.  At the low $40s he would look at buying more.


Price:
$46.720
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-04-14 DON'T BUY Must be logged in to use chart BBD.B-T Bombardier Inc (B)

Has been wonderful at destroying shareholder value for the best part of his career.  The plane business is very competitive.  The train business has catches like having to use a jurisdiction’s manpower and factories.  Has a heck of a lot of debt.  Invested heavily in building these planes.  Probably have to raise equity at some point.  He doesn’t like the dual class voting structure.  Wonders about the motivation of the board of directors.


Price:
$4.120
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-04-14 DON'T BUY Must be logged in to use chart BTE-T Baytex Energy Corp

They bought into an oil field and are not the operator.  They just get sent a cheque.  The deal was a huge success.  It is a little rich, but a well managed company.  He thinks you can own it, but there are other names he prefers, such as CPG.  He is not a big fan of dividend energy stocks because they keep issuing equity to pay for acquisitions.  They should plow profits back into the ground.


Price:
$45.790
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-04-14 DON'T BUY Must be logged in to use chart BX-N Blackstone Group LP

There is a time to buy private equity firms.  It’s when the market is really tough and people are worried about what is in their portfolios.  These firms are selling things into the public market as much as they can so it tells you where they think things are going.  He likes diversified, banks if you want a financial.


Price:
$29.770
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-04-14 HOLD Must be logged in to use chart F-N Ford Motor

Car business continues to be pretty positive.  Consumers keep wanting to buy them.  Keep an eye on interest rates as well as energy prices.  There is anecdotal evidence that there are sub-prime lending problems cropping up again in the US and Canada where people take out big car loans to finance these things.


Price:
$15.700
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-04-14 TOP PICK Must be logged in to use chart GOOGL-Q Google

The voting shares.  You should always own the voting shares.  They don’t want control to fall to someone in the marketplace if one of the top guys dies.  A great company.


Price:
$548.700
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-04-14 PAST TOP PICK Must be logged in to use chart K-T Kinross Gold

(Top Pick Mar 25/13, Down 43.41%) He sold.  Thought we were somewhere close to the bottom of the gold market.  Liked the Russian mine.  They had just fired the previous management team and he still likes the replacement management team.  It was a good decision to get out and he does not hold any gold stocks now.


Price:
$4.550
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2014-04-14 WATCH Must be logged in to use chart LNKD-N LinkedIn Corporation

This one has rapidly growing sales.  About 8 times revenues, though.  If it gets forced down to low $100 range, he would seriously consider buying it if it continues to grow in revenues and in profits.  It has to invest heavily.  It has a first to market advantage.


Price:
$165.780
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-04-14 PAST TOP PICK Must be logged in to use chart MRG.UN-T Morguard North American REIT

(Top Pick Mar 25/13, Down 7.18%) It was the worst time to pick a REIT.  This was one of those disappointments.  Thinks they are doing all the right things, but it is not big enough for the dealers to pick up coverage on it.  6.25% While you wait for something to happen.


Price:
$9.740
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-04-14 DON'T BUY Must be logged in to use chart MU-Q Micron Technology

Fighting a war against very aggressive competitors, especially Intel.  It has always been a very competitive business.  Prefers Intel, but it is expensive.


Price:
$21.900
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-04-14 DON'T BUY Must be logged in to use chart PWT-T Penn West Petroleum

Dividend almost 6%, which is too high.  Has too much debt, having a garage sale to sell off assets.  They are not repairing the balance sheet.


Price:
$9.720
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2014-04-14 DON'T BUY Must be logged in to use chart SLF-T Sunlife Financial

Has been under a little bit of pressure recently.  This one is okay down here, but MFC is the more interesting one and he prefers it due to better growth prospects.  Move on from SLF to MFC.  He also likes JPM-N for financials.  You could take a look at C-N also.


Price:
$35.650
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
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