Viewing Expert Gordon Reid | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Gordon Reid , President

GoodReid Investment Counsel

Address
47 Colborne Street
Suite 400
Toronto, ON
M5E 1P8

Contact Info
Telephone: 416.364.0890
Toll Free: 1.888.466.3734
Fax: 416.364.1788
Email:


Date Signal Chart Symbol Company Opinion Price
2016-09-07 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The Bank of Canada governor indicated they are not changing interest rates, still staying at .5%. He also made comments about the economy. It is a slow growth environment, but getting better. What wasn’t said was that Canada wants to see what the federal reserve does, and react to that. Although we may look to the central bankers globally, history tells us that they are as wrong as any of us. It is a very, very difficult thing to get ahead of the curve. Central bankers, for the most of the time, tend to be reactive. This is a very, very slow growth environment, which will take less pressure off the Cdn$, because the US will not be raising interest rates as aggressively. We are left with a slow growth environment, and we have to look for companies that have a catalyst, something that is unique to them that allows them to grow at a faster rate than their own historical performance, their peer group, and the economy as a whole. If you find that, along with proper pricing, then you settle into a good portfolio and be patient.


Price:
$0.020
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
_N/A
2016-09-07 TOP PICK Must be logged in to use chart BA-N Boeing

They have 5700 planes backlogged and are in full production. A cash flow machine. Doesn’t trade at an expensive multiple. There is a lot of visibility. It is not just the 787 Dreamliner; it is other aircraft. The theme here is that they are more fuel efficient than the older airplanes that are around, which is a very meaningful part of an airlines net margins. 3.29% dividend yield.


Price:
$132.640
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 COMMENT Must be logged in to use chart BABA-N Alibaba Group Holding

He likes the model, but there has been a considerable amount of misrepresentation and fraud. Can we believe the financial statements? He doesn’t believe that we have enough evidence to make an investment.


Price:
$102.320
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
No
2016-09-07 COMMENT Must be logged in to use chart BECN-Q Beacon Roofing Supply

He likes this company. They are 2nd in terms of the roofing business, to a private company. 60% of homes in the US were built before 1980, and it is just a matter of time before they have to spend to redo their roofs. A little lumpy in terms of its results. A lot of that has to do with weather. He believes there is more growth to come.


Price:
$44.460
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 COMMENT Must be logged in to use chart BMY-N Bristol Myers Squibb

There are a couple of issues with this. They had a very disappointing phase 3 trial on an oncology drug, which caused the stock to drop quite precipitously. Also, the big pharmas are anticipating the potential of a Clinton administration. Prior to the oncology testing results, this was trading close to 30X earnings, and is now in the low 20s, far, far too dear of a price to pay for their growth metrics of a traditional Pharma.


Price:
$56.570
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-07 PAST TOP PICK Must be logged in to use chart C-N CitiGroup

(A Top Pick Sept 30/15. Down 3.63%.) The banks have basically gone sideways looking for that catalyst, which is a steeper yield curve. They are getting out of the doghouse with the regulators, and are allowed to pay a higher dividend. The stock is very, very cheap, trading at less than 80% of tangible BV. This is a “Buy and wait and you will be rewarded” type of story.


Price:
$47.480
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 SELL Must be logged in to use chart COST-Q Costco Wholesale

(Market Call Minute.) Loves the company and loves the model, but a little too expensive.


Price:
$155.640
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
No
2016-09-07 DON'T BUY Must be logged in to use chart CSCO-Q Cisco

(Market Call Minute.) Just a little bit stodgy for him. The new CEO is impressive, but thinks there is a lot of legacy low volume commodity type business that is going to get in their way in terms of growth.


Price:
$31.790
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
No
2016-09-07 COMMENT Must be logged in to use chart CVS-N CVS Health Corp

CVS (CVS-N) or Walgreen Boots Alliance (WBA-Q)? This one has Caremark, a pharmacy benefit manager, which makes up about a 3rd of their business. Over the past few months, this has caused him a little concern. It is not as transparent in terms of pricing, and a lot of the PBM’s are hiding behind competitive advantage and not wanting their competitors to know what their pricing is. He likes them both. This one is a little cheaper.


Price:
$93.610
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 COMMENT Must be logged in to use chart DE-N Deere & Co.

(Market Call Minute.) The cycle is very long. The farmer is still on his knees and not buying farm equipment. This is one you can nibble at, but you might have to wait awhile before you see a catalyst.


Price:
$84.020
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-07 COMMENT Must be logged in to use chart DIS-N Walt Disney

Obviously a fantastic brand. They do extremely well with their theme parks and movie theatres are clicking along just fine. Also, they are expanding internationally. On the other side, 43% of their business comes out of ABC and ESPN. There is a real fear and evidence that the cutting of cords and de-bundling on cable packages is having its effect on ABC and ESPN and other cable operators. The jury is out as to where exactly the stock price should be.


Price:
$93.710
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-07 TOP PICK Must be logged in to use chart DY-N Dycom Industries

This is in the basic industry of laying cable. All of America is being re-cabled to a higher spec. Their customers are all very well known. Inexpensive, trading in the mid-teens. Last quarter they grew revenues 20%.


Price:
$86.510
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 PAST TOP PICK Must be logged in to use chart FB-Q Facebook

(A Top Pick Sept 30/15. Up 45.77%.) Still very much a believer. They are in their early innings. In their last quarter report, revenues were up 59% and earnings tripled. They have 1.71 billion of monthly active users. Mobile is becoming a bigger and bigger part of their business now, over 80%. A growth story, and slowly but surely growing into its price. This has lots of runway in front of it.


Price:
$131.050
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 DON'T BUY Must be logged in to use chart GE-N General Electric

This has been dismal for the last 15 years. At that time, they had an almost identical EPS that they do now. Sales have been anaemic. They tripled their CapX, and yet have very little to show. Absolutely a “show me” stock. There are other industrials he would go to before this one.


Price:
$31.060
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
No
2016-09-07 COMMENT Must be logged in to use chart GILD-Q Gilead Sciences Inc.

Has not been a fan of this company. He worries that the market is going to anticipate lower earnings on the back of erosion in the pricing of their drug. It is viewed as a one trick pony. They are building up a cash hoard and are very profitable today. Free cash flow yield is 13%, which is very, very good. The question is, are they going to be able to utilize their cash to advance their company. They have done it before. There is a pretty good possibility that at the current price, there is not a ton of downside left. The upside is that they make a pretty bold move, take their offering, and broaden it and move the multiple up.


Price:
$78.220
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 1,831 entries
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