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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
2015-08-26 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Feels we are in a little bit of No Man’s land and that we are in the later innings of the correction. Corrections are always defined by extent, time, duration, percentage, etc. and he looks at it a little differently. He wants a Correction to have the effect that it is intended to have, i.e. to basically weed out the weak holders in the market, to remind everybody that equities is a risk phased asset and that the risk/reward is intact. Thinks this one is having that affect. What we normally see in Bull Market corrections are the short, sharp corrections versus the Bear Market effect of just wearing you out. This is showing all the markings of a Bull Market correction, with the extreme volatility, reversals, volume fluctuations, etc. We may have a little bit more to go, but he would remind everyone that equities are long term assets, so keep your eye on the horizon and don’t sell into this through any form of panic. This isn’t the end of anything, this is normal. We can move to new highs, but investors have to be selective. Rather than looking at percentages of the depletion of their various stocks, they should be looking at fundamentals. Do they have real growth of revenues, cash flow and earnings? That is going to be the thing that will allow these stock prices to move higher. Just the fact that they have corrected 10% or 20%, doesn’t give them the right to move to a new high.


Price:
$0.020
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
_N/A
2015-08-26 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Industrials? The core issue of the industrials is their international exposure, and the fact that the FX translation has taken anywhere from 5% to 10% off the table for them. He has sold some of his holdings. Had seen that there was a headwind there that wasn’t likely to abate.


Price:
$0.020
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2015-08-26 DON'T BUY Must be logged in to use chart AA-N Alcoa

The problem is that their destiny really isn’t in their control. There has been an imbalance between supply and demand with far too much supply. Have been shuttering production for years to try and create more of a balance, but the wildcard is China which produces a ton of aluminum.


Price:
$8.260
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-08-26 TOP PICK Must be logged in to use chart AAPL-Q Apple

Valuation is barely over 10X earnings. $202 billion of cash on a $635 billion market cap. 89% of that cash is offshore and hard to access, but this is a company that is just a cash machine and doing extremely well. The street forever wants to find a fault, and this month it is China. Their growth in China is dramatic, $13 billion last quarter, up 100% year-over-year, but people are worried. He thinks that in 5 years the iWatch will have proven to be so much more revolutionary than the iPhone, iPad or the iPod. It is not a watch, it is a sensory device. It is going to change our lives. Dividend yield of 1.9%.


Price:
$109.690
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-08-26 PAST TOP PICK Must be logged in to use chart AEGN-Q Aegion Corp

(A Top Pick Aug 20/14. Down 26.15%.) This was the effect of the whole energy complex and where capital budgets were being allocated. It does pipe restoration on pipelines, not just energy, but also water, etc. Thinks this has long-term positive prospects, but it is just the wrong time for it. Sold his holdings in June.


Price:
$17.960
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-08-26 TOP PICK Must be logged in to use chart BA-N Boeing

The visibility on this is fantastic. They have come through their development stage with the 787, a revolutionary airplane. They have developed the 737MAX and the 770X. These are all airplanes that are designed to be more fuel efficient. Fuel efficiency is golden to airlines. They have over a $5 billion backlog, which is about 7 years of sales. This is a cash flow machine. All they are doing right now is spitting out airplanes and delivering them. Not trading at a high multiple. Dividend yield of 2.81%.


Price:
$129.340
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-08-26 DON'T BUY Must be logged in to use chart BABA-N Alibaba Group Holding

To him, this suffers from one fatal flaw, in that it is located in China, and the visibility he has there is extremely limited, so he would pass. He would prefer Amazon (AMZN-Q).


Price:
$68.660
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-08-26 BUY Must be logged in to use chart BAC-N Bank of America

This offers very good opportunity. All the banks will move in sync with each other, because they all suffer from the same malaise, there hasn’t been a catalyst for growth and a lot of hammering on them by the government. These banks are inexpensive and offer good value.


Price:
$16.060
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-08-26 COMMENT Must be logged in to use chart C-N CitiGroup

Sell Citigroup (C-N) and buy Wells Fargo (WFC-N)? If you understand the differences between the 2 banks and make considered decisions, then you could. He owns both. This one is a valuation play trading at about 70% of tangible Book and the average is at around 160%. Trades at about 10X earnings, while the average bank is around 13X. It just depends on what you are looking for in a bank. They are going to move roughly together, but with a positive economic background, this one might recover more quickly because of the valuation spread.


Price:
$52.280
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-08-26 DON'T BUY Must be logged in to use chart CSCO-Q Cisco

What bothers him is that they haven’t gained any traction over the years, yet the price of the stock has gradually moved up, increasing the multiple. He is looking for growth and he likes companies to improve on their own history. Their product line is continually under fire from competitive forces. If you are going to invest in the Tech space and have some spots available for Tech in your portfolio, there are much better places to go, such as Apple (AAPL-Q) Google (GOOG-Q) and Facebook (FB-Q). (See Top Picks.)


Price:
$25.690
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-08-26 COMMENT Must be logged in to use chart CSX-N CSX Corp

Have about 20% coal exposure and their operating ratio is closer to 70. If he were going to go into this area, he would be looking at Union Pacific (UNP-N).


Price:
$26.370
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-08-26 BUY Must be logged in to use chart CVS-N CVS Health Corp

CVS (CVS-N) or Walgreen (WBA-Q)? He owns both and they are both great opportunities. Demographically they are both in a sweet spot with the aging of the population and the need for prescription drugs. Couple that with Obama care, which mandates that people have insurance that will allow them to get those drugs. They just did a deal for Omnicare that provides long-term care for the elderly, and writes a ton of prescriptions. This trades at a couple of multiple points cheaper than Walgreen, and also its earnings predictability is a little bit higher, but he would own both.


Price:
$102.870
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-08-26 PAST TOP PICK Must be logged in to use chart DAN-N Dana Holding

(A Top Pick Aug 20/14. Down 29.81%.) In the car parts business, and one of the very big effects is the China play. China represents something like a 3rd of the total car market. He still likes the company very much. Trading at about 8X earnings. They have bought back a lot of their stock. Backlog is growing quite dramatically, but they have a couple of headwinds. One is China and the other is South America, but this will turn over and change.


Price:
$16.560
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-08-26 COMMENT Must be logged in to use chart FCX-N Freeport McMoran Copper & Gold

It is amazing how this has fallen. The one lesson you are constantly taught in this business is that you have to think outside of the box. This is heavily leveraged to the commodity complex, particularly copper and gold. It is a fairly leveraged company, and for that reason free cash just disappears when commodity prices fall. He would prefer Rio Tinto (RIO-N) if he were to go into this area. It has a better profile from a balance sheet standpoint.


Price:
$7.920
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-08-26 DON'T BUY Must be logged in to use chart GE-N General Electric

Sold his holdings on the basis of the Alstom deal which he thought was diluted down. Governments were involved and forced the hand of GE. When a CEO is in a position for 15 years and makes a number of moves and they just don’t work out, he thinks it is time for a change.


Price:
$24.010
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
Showing 1 to 15 of 1,594 entries
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