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

Viewing Expert

Don Lato , President

Padlock Investment Management


Date Signal Chart Symbol Company Opinion Price
2016-04-29 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The year started off with a dramatic decline, and then all of a sudden reversed course. At the beginning of the year there was a disconnect between what we thought was a reasonably good economy, except for the commodity prices, and a market that was discounting the next major recession. It may have been just a bit of sellers from Sovereign Wealth Funds, who were dependent on oil. Doesn’t feel it is markedly expensive, but not screamingly cheap either. Both here and in the US, particularly in the US, equity holders in mutual funds have been heading for the exits.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
_N/A
2016-04-29 COMMENT Must be logged in to use chart AAPL-Q Apple

Reported disappointing earnings. Carl Icahn sold all his shares yesterday, so the stock came down pretty hard this week. At $94, it is just a little over 10X next year’s earnings. Still a dominant product in the smart phone area. There are concerns about lack of innovation and lack of growth in China. They’re being valued cheaply, but still generates tons of cash. Buying it here your risk is limited. Should they come out with that next big thing, it could be significantly higher. In the interim, you have a strong Eco system in the service side of the business, which was up 20% last year. The iPhone 7 is also coming out later in the year.


Price:
$93.266
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-04-29 COMMENT Must be logged in to use chart AC-T Air Canada (B)

Not a big fan of this airline, seeing it go bankrupt 2 or 3 times during his career. Would be a little careful at this point, because a lot of those results are based on fuel costs which they procured when energy prices were a lot lower. With energy costs having come up, that could impact margins a little.


Price:
$9.290
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2016-04-29 COMMENT Must be logged in to use chart AW.UN-T A&W Revenue Royalties Income Fund

There is only one analyst that follows this, and he is neutral on it. This company is fine. It is a royalty structure of the A&W revenues across Canada. 5.1% yield which is a little attractive, but it is a 99% payout ratio, so would be a little cautious.


Price:
$28.900
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-04-29 BUY Must be logged in to use chart BNS-T Bank of Nova Scotia

Longer-term valuations are still pretty solid for all of the Canadian banks. Trading at about 11X earnings with a yield of 4%+. A good addition to your portfolio.


Price:
$65.780
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-04-29 COMMENT Must be logged in to use chart BRK.B-N Berkshire Hathaway Inc. (B)

This has done very well, not so much recently with its market investments, but it’s private investments. He worries because of Mr. Buffett’s age, and wouldn’t put too much money into it.


Price:
$144.630
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-04-29 BUY on WEAKNESS Must be logged in to use chart CCL.B-T CCL Industries (B)

A little pricey. Part of the strength in earnings and appreciation of the stock over the last year has come from the falling Cdn$. A Canadian company, but operations are global, and a lot of their revenues come in on US$. Trading at about 20X next year’s earnings. He has trimmed a little, but it is still a core holding. Look for a little better entry point.


Price:
$229.570
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-29 BUY Must be logged in to use chart CP-T Canadian Pacific Rail

This got a little rich when they were transporting tons and tons of coal and oil. Shipments of coal have come back down dramatically, but the valuation has also come down. Earnings continue to stay flat and pick up a little. We are now back to about 15X next year’s earnings, which is pretty reasonable for this rail.


Price:
$179.640
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-04-29 PAST TOP PICK Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

(A Top Pick May 4/15. Up 19.23%.) A lot of the REITs were under pressure, because of fear of higher interest rates. Still some room for growth. A great industry with good demographics behind it. Still a Buy.


Price:
$13.860
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-29 BUY Must be logged in to use chart DH-T DH Corporation

Had a surprisingly poor quarter. It has been a pretty solid and steady company. A lot of their results this week related to one of their more recent US acquisitions. He stills like to give them the benefit of the doubt. One bad quarter doesn’t make a bad stock or a bad company. Wouldn’t hurt to average down on this.


Price:
$32.570
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-04-29 HOLD Must be logged in to use chart GE-N General Electric

A great company and have managed it well. Now trading at a more reasonable multiple. Certainly not a table pounding buy, but a solid hold.


Price:
$30.680
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-04-29 PAST TOP PICK Must be logged in to use chart GILD-Q Gilead Sciences Inc.

(A Top Pick May 4/15. Down 14.26%.) A lot of the drop was in the last 2 days. They disappointed on earnings. Has a lot of cash generation. Big profits. At 8X earnings, you can afford to wait for the next blockbuster, and he is fairly convinced that they will have one soon.


Price:
$88.300
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-29 DON'T BUY Must be logged in to use chart IGM-T IGM Financial Inc.

Money has been coming out of equity mutual funds. Ironically this one has been doing very well relative to the industry over the last year. A tough business and could become even tougher on July 1 when CMR2 comes out, the new mandate of the OSC, where fees are going to be disclosed. Valuation is cheap, but there are too many headwinds. He would prefer Fiera Capital Corp (FSZ-T) which focuses on the institutional and US markets.


Price:
$39.510
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2016-04-29 COMMENT Must be logged in to use chart NFI-T New Flyer Industries Inc.

A very solid company. Their recent acquisition of Motor Coach had them diversifying a little bit away from transit buses. Very, very well-managed. There won’t be huge dividend growth, but you could see it ratchet up a little. Have a huge backlog.


Price:
$36.930
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-29 COMMENT Must be logged in to use chart NFLX-Q Netflix Inc.

Loves the product, but not the stock. Have a great subscriber based business model, and always have the potential for price increases, but there is a lot of competition, particularly for content. Trading at 90 to 100 times earnings, and it takes a lot of earnings growth to keep the stock at this multiple, which is just not going to happen.


Price:
$89.440
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 1,152 entries
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