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

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Joey Mack , Director, Fixed Income

ScotiaCapital


Date Signal Chart Symbol Company Opinion Price
2014-02-24 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  We recently saw a soft patch of numbers, but they are weather related.  We are in the midst of an economic expansion and it will continue.  Bank of Canada will eventually follow the Fed who will eventually raise rates after tapering QE.  We had a spike up at the new year on the 10 years and then they pulled back a little.  The bull market in bonds has gone on for 30 years.  The bull market ended last year.  You haven’t seen back to back losses in Canadian bonds since the ‘60s.  Thinks we will have a small positive for all bonds this year.  It will be an underperforming asset.  You want to be overweight corporate bonds.


Price:
$0.020
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
_N/A
2014-02-24 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Real Return Bonds.  Long term, inflation-protected returns guaranteed by the government.  Real yields got very, very low over the last few years.  There is still a long way to go to get real yields where they need to be.  Should be a very, very small position.


Price:
$0.020
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Unknown
2014-02-24 PAST TOP PICK Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Ville de Quebec. 2.3% bond due Dec 4/18.  (Top Pick Nov 22/13, Up 1.03%) Municipal space is looking good.  But you have seen a lack of demand. 


Price:
$0.020
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Yes
2014-02-24 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian Bank rate reset bonds.  Don’t be concerned about the rise in rates if you hold them.  New ones may get reset at the new higher rates.


Price:
$0.020
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
_N/A
2014-02-24 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Bonds are safer than preferreds.  You should do both but Preferreds are a quarter of the total.


Price:
$0.020
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
_N/A
2014-02-24 TOP PICK Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Ville de Montreal 3.5% Sep 1, 2023.  Cheap for a municipal bond.  There were concerns Quebec could call an election, but then they passed their budget. 


Price:
$0.020
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Yes
2014-02-24 TOP PICK Must be logged in to use chart ATD.A-T Alimentation Couche-Tard (A)

Nov 1, 2019, 3.19%.  A good pickup going out 5 years.  It is an investment grade company.


Price:
$88.170
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Yes
2014-02-24 DON'T BUY Must be logged in to use chart AZP.PR.A-T Atlantic Power Preferred Equi.

They will have to slash their common dividends.  Company has been downgraded several times.  Go for the senior debt of the company, not these.


Price:
$12.500
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Unknown
2014-02-24 DON'T BUY Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Preferred Series D. Cautious of straight perpetual issues because we have a rising rate environment.  Prefers some National Bank preferreds.


Price:
$45.070
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Unknown
2014-02-24 DON'T BUY Must be logged in to use chart BBD.B-T Bombardier Inc (B)

Preferreds.  Not an investment grade company in the senior debt level.  Bonds would be better than their preferred shares, which would be worthless if the company went under.


Price:
$3.570
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Unknown
2014-02-24 DON'T BUY Must be logged in to use chart BCE-T BCE Inc.

Bought Preferreds in 2011, should caller sell them.  He would not buy their preferred shares because of their rating.  They are not investment grade.  Own the common stock.


Price:
$47.950
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Unknown
2014-02-24 DON'T BUY Must be logged in to use chart CF-T Canaccord Financial Inc

Preferred.  Never average down.  This is not a fixed income investment.  You get a better yield than the common. 


Price:
$8.080
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Unknown
2014-02-24 HOLD Must be logged in to use chart CPD-T iShares S&P/TSX Preferred ETF

The preferred share market is not liquid.  You should buy a small basket of preferreds with the assistance of an advisor.  You can’t use an ETF in an illiquid market.


Price:
$16.020
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Unknown
2014-02-24 PAST TOP PICK Must be logged in to use chart ENB-T Enbridge

Preferred Series F. 4%.  (Top Pick Nov 22/13, Up 0.99%) It is performing exactly as you would want it to.  Still a pretty good pick.  He holds it long term.


Price:
$47.520
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Yes
2014-02-24 PARTIAL BUY Must be logged in to use chart FAP-T Aberdeen Asia-Pacific PRM Inc.

Closed end fund buying Australian dollar bonds.  Have had higher yields in that country over time.  Small part of your portfolio.


Price:
$5.330
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Unknown
Showing 1 to 15 of 282 entries
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