stockchase picture

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

Expert Index

List by First Name

List by Last Name

Colin Stewart , Portfolio manager

JC Clark Investments Ltd.


Date Signal Chart Symbol Company Opinion Price
2015-02-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Economy. He is fairly constructive on the US economy, but a little more cautious on the Canadian outlook because of the recent drop in oil prices. In the US, unemployment is coming down, housing market is improving and the federal reserve is continuing to keep a very accommodative policy. Generally speaking the US is the bright light globally from an economic standpoint. It is questionable if some of that is already built into the US equity market, but overall he likes US equities, and thinks the US economy will improve this year. In Canadian equities, he favours companies that are exporting into the US market and benefiting from the strong demand of the US and a weaker Cdn$. Other than the forest product sector, he has relatively muted exposure to commodity markets. Housing demand in the US has not caught up yet to where it needs to. 2015-2016 should be very good years for US housing.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
_N/A
2015-02-17 BUY Must be logged in to use chart AAPL-Q Apple

One of the great growth stocks of our age. It is actually not expensive. If you strip out the $30 per share in cash they have on their balance sheet, it is only trading at about 12.5X PE. This is still a cheap value stock and is growing at above average rate. Yield of 1.5%.


Price:
$127.830
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2015-02-17 TOP PICK Must be logged in to use chart AC-T Air Canada (B)

Undertaking a multiyear cost reduction program. We have seen some of the benefit, but will continue to see more. There is obviously the significant tailwind of lower oil prices, which translates into lower jet fuel prices. Thinks they could earn upwards of $3 a share this year, which would suggest that they are trading at half the multiple of the group.


Price:
$12.580
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2015-02-17 WAIT Must be logged in to use chart BAD-T Badger Daylighting

This is something he is watching. Very well-run business. Traditionally has high returns on invested capital, but exposure to the oil/gas business right now is a concern and is a “wait and see” for the next 6-12 months.


Price:
$26.380
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
No
2015-02-17 PAST TOP PICK Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

(A Top Pick Feb 21/14. Up 54.82%.) Sold his holdings about 6 months ago, looking to reduce his overall market exposure. A very well-managed company. In asset management, infrastructure and real estate, which are the right asset classes. There is a lot of insider ownership. Not a cheap stock, but have done a phenomenal job of growing their NAV over time. If the market sold off and this stock sold off with it, he would be looking to Buy back in again.


Price:
$67.960
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
No
2015-02-17 COMMENT Must be logged in to use chart BB-T BlackBerry

Could be worth zero or could be worth a lot more. The risk is the technological obsolescence and the worry that people who are using blackberries, are all going to switch to iPhones. Have been trying to convert more to a software based platform, benefiting from the strength of their software system. With the pretty cheap valuation and the strong balance sheet, he wouldn’t be surprised to see this as a takeout candidate.


Price:
$12.820
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
No
2015-02-17 COMMENT Must be logged in to use chart CSW.A-T Corby Spirit and Wine (A)

Really likes this company. Wines and to a large extent spirits. Very stable with good brands in Canada. There is a sort of Renaissance going on in the whiskey business, and they are starting to sell and distribute their JP Wiser’s into the US market. The company is 51% owned by Pernod Ricard. At some point they might try to buy the other 49%. Nice dividend yield.


Price:
$22.250
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2015-02-17 COMMENT Must be logged in to use chart CWL-T Caldwell Partners Int'l (A)

Small-cap company in the executive search business. A bit of a turnaround situation. They have done a great job of expanding in the US market, so they benefit from the US$ translation. Have a lot of cash on the balance sheet. As long as the US economy does well, their revenue will grow. Based on their cash balance, this stock is quite undervalued. Pays a nice dividend of about 5%-6%.


Price:
$1.340
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2015-02-17 COMMENT Must be logged in to use chart DAL-N Delta Air Lines Inc

This airline seems to be performing very well. Have had a lot of cost cuts and significant earnings leverage. Air Canada (AC-T) trades at a big discount to a company like this, and he would favour it over the US airlines. (See Top Picks.)


Price:
$0.620
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2015-02-17 COMMENT Must be logged in to use chart DHX.B-T DHX Media

Trades at a premium valuation because investors are looking for content in the media space and this has a significant amount, particularly in children’s programming, which is seen as a valuable asset. Just reported very strong results and upped their dividends. Very good company to own.


Price:
$9.540
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
No
2015-02-17 BUY Must be logged in to use chart DRM-T DREAM Unlimited Corp

Land development company that also has a homebuilding business and builds condominiums. Their claim to fame has been, many years ago, going into provinces like Saskatchewan, Alberta and Manitoba, getting a very low land cost base and gradually developing it over time. Thinks the stock has been far too beat up and near term prospects are very good. Has come off because of worries about real estate in Western Canada. Represents really good value here. He has been buying over the last 3-4 weeks.


Price:
$10.070
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2015-02-17 HOLD Must be logged in to use chart FFH-T Fairfax Financial

Very well-run business. For a long time people bought this because of Prem Watsa and the team’s investment acumen. In the last few years, they have seen a turnaround in some of their insurance businesses and their combined ratios have been coming down. Have also been making some acquisitions in the insurance space. He likes this one. This would be more of a defensive equity to own in your portfolio.


Price:
$691.880
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2015-02-17 COMMENT Must be logged in to use chart GCG.A-T Guardian Capital Group

An asset managing business that happens to have a very large stake in Bank of Montréal (BOM-T) shares. Not quite a pure play asset management business because of that, but often what investors do is to strip out the value of those shares to find the value of the underlying asset management business. In the past he has Shorted the amount of underlying Bank of Montréal shares to hedge out that exposure. By owning Guardian shares and Shorting BMO, you are left with the stub asset management business. It has been performing well and has been growing. Overall a well-run business. The real upside will come if they sell those shares in order to make acquisitions or expand the asset management business.


Price:
$17.750
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2015-02-17 COMMENT Must be logged in to use chart GE-N General Electric

This is such a large cap conglomerate type business that if the US economy does well, a lot of the businesses that they are in should appreciate. You get a bit of a dividend yield while you wait. Has lagged the market over the last couple of years, so could play catch-up.


Price:
$25.170
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2015-02-17 DON'T BUY Must be logged in to use chart IBM-N IBM

Doesn’t like this one. Has been around for years and, early on, was a very innovative company. There is a perception that over the last 5 years, they have not really innovated. Instead, they have taken their cash flow and just bought back their own stock. As a result, they haven’t invested in R&D and new products the way they should have. In the last several quarters, the company has largely disappointed on earnings and growth outlook. A very big ship and is not going to be easy to turn around.


Price:
$160.960
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
No
Showing 1 to 15 of 635 entries
First Previous 1 2 3 4 5 Next Last

No Comments.


You must be logged in to comment.