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

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Gordon Reid , President and CEO

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
2015-01-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. We have had a period of abnormally calm markets, probably driven in part because the direction of the market was pretty well orchestrated by the Central Bank. Their goal and role was to inflate assets, to inspire confidence, increase spending and the velocity of spending in the economy. They have been successful, and it led to a very long period of low volatility. Now we are entering a period where the banks are indicating they are going to raise rates. We are now going back to normal, which includes volatility. He tends to look a lot more at the companies than he does stock prices. Stock prices are a much more volatile beast than the companies themselves.


Price:
$0.020
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
_N/A
2015-01-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Energy. Hasn’t changed his strategy, because he had a good strategy coming in. The majority of his clients are in balanced accounts. His average balance account has about 8% exposure to energy. Within that 8%, he has gravitated to more senior producers. He likes good management. These are the companies that, during times like this, would take advantage of the weak and buy at low prices those distressed situations.


Price:
$0.020
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
_N/A
2015-01-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Is it wise for Canadian investors to be buying US stocks with the current exchange rate? The dollar is always a relative measure, but a good investment can grow to the moon. In the short term, it makes a difference, but the longer investor you are and the longer your timeframe, the less you will think about or talk about currency differences.


Price:
$0.020
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
_N/A
2015-01-15 TOP PICK Must be logged in to use chart AAPL-Q Apple

(A Top Pick Jan 29/14. Up 52.46%.) Trading at 13.8X what he expects to earn by September 2015. The iPhone 6 was probably one of the most successful product launches of all time. A very high margin piece of business. The mix for this company is very favourable, because the iPhone is a very high margin product, and as it becomes a larger and larger percentage of the total, their gross margins of the company will rise. He expects over 40% of gross margin will lead to a surprise on the upside in terms of earnings. Producing an enormous amount of cash and most of it they are banking. They really can’t keep up with the amount of cash coming in, although they are paying a very fine dividend and are buying back about 6% of the float per year. The iWatch and the ApplePay are the innovation side. Yield of 1.76%.


Price:
$106.820
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-15 HOLD Must be logged in to use chart AIG-N American International Group

Hasn’t done a whole lot from a price standpoint, but the company is making really good strides. The former CEO did a fantastic job bringing it out of the 2008-2009 malaise, and turning it into a much simpler property/casualty insurer. Thinks they will do well over the longer-term. Trading at a very reasonable multiple. Have a deferred tax account, which is worth probably $7-$8 as share. Trading at only 65% of Book.


Price:
$50.400
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-15 HOLD Must be logged in to use chart ANTM-N Anthem Inc

Very well-managed. The multiple on the stock has gone from 8 or 9 times earnings up to around 14 times earnings. Still not expensive. Have gained great control of their medical/loss ratio. A very large insurer of close to 40 million Americans and tied in through Blue Cross.


Price:
$134.090
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-15 COMMENT Must be logged in to use chart BAC-N Bank of America

Until we start to see rates rise and the market take control of the yield curve again, the banks really aren’t going to get any traction. It is very, very difficult to get the timing exactly as to when to buy the stock. Good quality company.


Price:
$15.200
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-01-15 COMMENT Must be logged in to use chart CSX-N CSX Corp

A well-run railroad. What worries him a little is that it is trading at about a 15% premium to their average multiple over the last 5 years. As much as their exposure to oil is lower, they also have a fairly good exposure to coal. That is a definite drag and has been for quite some time. On the plus side, the automotive business is doing very well, their intermodal business is doing very well. Chemicals and the housing market are beginning to show some signs of picking up. On balance, he likes the railroad, but the multiple continues to worry him.


Price:
$34.110
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-01-15 COMMENT Must be logged in to use chart DD-N DuPont

Likes this company. They are getting rid of and have gotten rid of a lot of fringe businesses. Right now they are what he would term as a high-tech producer. Have a lot of agricultural business.


Price:
$73.150
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-15 DON'T BUY Must be logged in to use chart GE-N General Electric

Sold his holdings recently. Wasn’t impressed with their Alstom deal in France. Also, saw the US$ was showing significant strength against the euro, so he decided to pare back on his industrial holdings. They also have some energy exposure.


Price:
$23.580
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-01-15 COMMENT Must be logged in to use chart KKR-N KKR & Co. LP

They are turning a lot of their assets over, which is a good indication that we are in a pretty healthy market. They manage about $100 billion. Trading at about 1.6X Book, which is a little bit pricey for a financial company like this. A limited partnership. Taxation rules on US limited partnerships are quite punitive to Canadian investors. To recover, it requires quite a bit of paperwork, so get some tax advice if you are thinking about it.


Price:
$22.810
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-01-15 COMMENT Must be logged in to use chart KMB-N Kimberly Clark

Over the last couple of years, they have been working hard on the internal workings of their business. Have been reorganizing, cutting costs and rationalizing. This is as a result that their business is a slow growth one. Thinks they have done a good job in terms of reorganizing. The difficulty is not with what management has done, but is the price that the market is looking for him to pay, close to 20X earnings. He doesn’t understand why a slow growth company like this would demand a 20 multiple.


Price:
$116.230
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-01-15 COMMENT Must be logged in to use chart LYB-N LyondellBasell Industries

This is kind of an enigma. You would think it would do extremely well in a lower oil based commodity market because it is one of the largest producers of polyethylene and ethylene is a by-product of petroleum oil, so input costs would drop dramatically. However, the stock has dropped dramatically, but European prices have dropped even more. Currently the European producers of ethylene are producing at a much lower cost. This is a tough one to call and not something he would want to get involved in.


Price:
$75.270
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-01-15 DON'T BUY Must be logged in to use chart MDLZ-Q Mondelez International

This was a spinoff from Kraft (KRFT-Q), which took the grocery area. The more growthier parts went to this company. They have quite a big exposure to Europe and emerging markets. He is seeing inflation starting to creep in to their input costs, and they aren’t really able to pass those costs on to consumers. That is squeezing margins. Also, the world is becoming a healthier place, so snacks, salty foods and sugar filled foods tend to be running into a little headwind.


Price:
$36.540
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-01-15 TOP PICK Must be logged in to use chart NDAQ-Q Nasdaq Stock Market

Volatility and volume is how NASDAQ makes its money. He expects that 2015 will be a return to a normal type of market, which will lead to more volatility and higher volumes, and this will be a beneficiary of that. They have expanded through their OMX purchase into Europe and Scandinavia in particular. Growing earnings quite quickly through internal efficiencies. Yield of 1.31%.


Price:
$45.760
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 1,455 entries
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