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Joey Mack , Director, Fixed Income

ScotiaCapital

Date Signal Symbol Company Opinion Price
2012-11-28 N/A A Commentary A Comment -- General Comments From an Expert

Markets. Markets are sensitive to such a degree that any headline or any nuance from a Fed or government official tends to move the market right now. Eventually, they will kick the can down the road. They have to come to an agreement soon.

 Price:
$0.020
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
_N/A
2012-11-28 COMMENT A Commentary A Comment -- General Comments From an Expert

Principal unprotected notes? Effectively a structured note where, most likely, the principal is guaranteed. You have an option on equities, commodities or some other structure. If they are “Principal at Risk” notes, you have a note but your payoff is pretty much uncertain. You have to link this to more of an equity or higher risk type of investment because of the payoff structure.

 Price:
$0.020
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Unknown
2012-11-28 COMMENT A Commentary A Comment -- General Comments From an Expert

Preferred US shares equity REITs? Without knowing the specific name it goes to the argument “Would you lend a corporation this much money for this long?”  Real estate is a good, long-term asset but you have to look at the REIT specifically. His problem with buying preferreds in REITs is that REITs have a lot of leverage, which ranks ahead of bonds and equities. You have very little protection and usually you are taking a lower distribution. His inclination would be to just buy the REIT.

 Price:
$0.020
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Unknown
2012-11-28 PAST TOP PICK A Commentary A Comment -- General Comments From an Expert

(A Top Pick Jan 9/12. Up 9.8%.) Videotron 7.125% bond maturing January 15/20. Has had a great run to a point that it’s reached his risk/yield threshold. If you own, you could continue to Hold.

 Price:
$0.020
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
No
2012-11-28 BUY ANV-T Allied Nevada Gold

Bonds? Gold producer in Nevada. This is a name that he likes. Bonds are not investment grade, partially because of the business they are in and partly because of the leverage but he is comfortable with the amount of leverage. Also, have a ton of assets backing their debt. There is also a possibility that the company could be taken over by a stronger credit and that would be very good for these bonds.

 Price:
$32.400
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Yes
2012-11-28 TOP PICK ATB-T Atrium Innovations.

5.75% bond maturing August 31/18. This is a convertible debenture. Company has fantastic interest coverage and very low debt.

 Price:
$11.270
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
No
2012-11-28 HOLD BAM.A-T Brookfield Asset Management (A)

Preferred P's. Would you sell at this level or hold to redemption in 2014? He likes this one. A very short term one. 7% dividend.

 Price:
$34.120
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Yes
2012-11-28 PAST TOP PICK FFH-T Fairfax Financial

(A Top Pick Jan 9/12. Up 11.49%.) 6.4% bonds maturing May 25/21.

 Price:
$355.010
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Unknown
2012-11-28 TOP PICK IAG-T Industrial-Alliance Life Ins

5.714% bonds maturing Dec 31/53 with the Call at 2013. There are a lot of bells and whistles to this issue, so you definitely want to talk to your advisor to understand it before you make a play. Because of those features at the back end, the company will call it so it basically gives a 3% yield for a little over a year. This is for tax exempt accounts.

 Price:
$27.690
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
No
2012-11-28 COMMENT MHY.UN-T Marret High Yield Strategies

Very strong historic track record but has been pretty volatile. If you have faith in the way the money is managed, you may want to continue to Hold.

 Price:
$9.500
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Unknown
2012-11-28 HOLD TRP-T Trans Canada Corp

1st Preferred Y’s. This has a 5.6% dividend, a straight perpetual, and the company can Call it but you do not have a Put option on it. Thinks that this will get called sometime over the next 2 years.

 Price:
$45.120
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Unknown
2012-11-28 TOP PICK UUU-T Uranium One Inc.

5% bond maturing March 13/15. This is a convertible debenture. There is a bit of an equity kicker to this one as stock price could go back up.

 Price:
$1.920
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
No
2012-11-28 PAST TOP PICK XHY-T iShares US High Yield Bond Index ETF

(A Top Pick Jan 9/12. Up 9.45%.) Still likes them.

 Price:
$21.110
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
No
2012-11-28 HOLD Y-T Yellow Media Inc

Bonds? Company reported earnings recently and there are continued declines in print revenue. Company is restructuring, because if they don’t, in 5 years they will be going through bankruptcy. Right now he is waiting for the judge’s decision on how the company is going to be restructured or if there are going to be any changes.

 Price:
$0.065
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Yes
2012-09-13 N/A A Commentary A Comment -- General Comments From an Expert

Markets: When you look at how the announcement went from the fed, many bond traders had bought in advance and so now there was a bit of a sell off. He is not buying long government bonds. Long-term yields have definitely started a long-term rise. We should see corporate yields of bonds go up to where they were before the summer.

 Price:
$0.020
Subject:
FIXED INCOME
Bias:
BULLISH on BONDS
Owned:
_N/A
Showing 1 to 15 of 237 entries
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