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

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Christine Poole , Managing Director

GlobeInvest Capital Management


Date Signal Chart Symbol Company Opinion Price
2015-05-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Yields on the fixed income business were really moving higher with a huge selloff in treasuries. This caught everybody by surprise. It started off in Europe, then came to North America, and we actually saw US treasuries moving up as well. They moved about 40 or 50 basis points in the last couple of days, but if you look at where treasuries were a year ago, we are still 30 or 40 basis points below that, so they are still actually quite low. Rates may have got too low globally, and we are just seeing a reaction to that. There is not a lot of liquidity in the market which has helped drive prices down even more. US reported strong employment numbers on Friday. She doesn’t think we are going to see a sharp pace of rate increases. There were some decent US job numbers that came out on Friday which gave comfort that the economy still has legs. As the year progresses, consensus should improve. Going into the US earnings season, it was expected that the 1st quarter earnings would be down 4.5%, but they actually came in up 1.7%, better than expected. If you exclude energy, earnings are actually up over 11%. A strong US economy should have a healthy impact on Canada.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
_N/A
2015-05-12 WATCH Must be logged in to use chart ARX-T Arc Resources Ltd

The stocks all had a bit of a rally when energy prices improved. This company came out very early with an equity issue to strengthen their balance sheet, because they wanted to be in a position to acquire some distressed assets. They did not cut their dividend like a lot of the companies did. Well-managed company. She hasn’t been adding to her energy exposure yet as there might be a pullback in crude. If it happens, then stocks might pull back a little bit more. She is waiting for another bit of a pullback before she buys anymore.


Price:
$23.300
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-12 COMMENT Must be logged in to use chart BABA-N Alibaba Group Holding

She doesn’t own this because it is a valuation issue for her. Ownership is still quite largely held by the founders. It trades at a very huge multiple. For stock that trades at 40 or 50 times earnings, if it stumbles and drops 10%-30%, it is still very difficult for her. There are a lot of expectations built into a name like this.


Price:
$86.770
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-05-12 COMMENT Must be logged in to use chart BAC-N Bank of America

Trades at a very big discount to Book, and deservedly so because it went through a lot of problems in the financial crisis, and they are slowly moving out of it. If you believe that the US economy is improving, you could participate in this. Rising interest rates are good for the banking industry. She prefers Wells Fargo (WFC-N) which has been more of a consistent performer and will benefit from the improving US economy.


Price:
$16.430
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-05-12 COMMENT Must be logged in to use chart BCE-T BCE Inc.

Sold all of her telco holdings about a year ago because of regulatory concerns. Thinks some of those concerns have been alleviated somewhat. The reason you tend to own telecoms is because they have very strong cash flows and provide 4%-5% dividends. There are other parts of the market she would prefer to invest in for income purposes.


Price:
$52.960
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-05-12 TOP PICK Must be logged in to use chart CGX-T Cineplex Inc

A theatre operator with about an 80% share in Canada. Has been a bit weak in the last couple of quarters. Very high quality management. They continue to increase the concession spend through new offerings and making it easier for patrons to buy food. Also, have alternative formats such as VIP, 3-D, IMAX along with off-hour showings like ballet and sporting events. Expecting a pretty strong slate of movies in the back half of this year and going into 2016. Starting to increase the dividend yield which is currently 3.07%.


Price:
$48.890
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-12 BUY Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

The largest Senior Housing operator in Canada. She likes this industry. The demographics obviously work in their favour. The seniors’ population of 75+ is going to double over the next 20-30 years. The penetration of seniors in housing communities is actually very low, and that can increase over time as people live longer and require more care. Just announced they were selling their US operations, so they will be getting a big whack of cash of about $420 million. Attractive yield of about 4.5%-5%.


Price:
$11.560
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-12 COMMENT Must be logged in to use chart CSX-N CSX Corp

A US railroad. Management would probably like some consolidation in the sector, but she doesn’t know if it is going to happen. She likes the rail industry in general. Prefers and owns CN (CNR-T), which she thinks is the best rail operator in the industry.


Price:
$35.690
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-05-12 COMMENT Must be logged in to use chart EMP.A-T Empire Company (A)

George Weston (WN-T), Loblaw’s (L-T) or Empire (EMP.A-T)? Of these 3 Loblaw’s would be her preferred vehicle.


Price:
$87.940
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-05-12 BUY on WEAKNESS Must be logged in to use chart EMR-N Emerson Electric

This has been somewhat flat because it does have energy exposure. Energy represents about 25% of their business. Very well-managed. This is a price to earnings multiple story and trades at a discount to where it has traded in the past, because of the overhang on energy. Management just reported a forecast that it was going to be a tough few quarters going forward. They have global manufacturing facilities, and they’re shifting some of their manufacturing from the US to other areas where they can compete more competitively. Dividend yield of around 3%. There is no rush to buy this, but on a weak day you could pick some up.


Price:
$60.180
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-12 PAST TOP PICK Must be logged in to use chart FLR-N Fluor Corp.

(A Top Pick May 6/14. Down 20.06%.) An engineering construction company based out of the US. Energy is one of their end segments and this is why it has come off. A global company and very well respected. Only about 37% of their client base is in the US. If you have a longer-term view, which she does, they will ride this out.


Price:
$59.280
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-12 COMMENT Must be logged in to use chart GE-N General Electric

Have decided to scale down about 40%, to less than 10%, on their financial services side over the next few years. Stock popped on that news. Hadn’t own this in the past because financial services was such a large component. They are going to do a significant buyback on shares with the proceeds. She prefers some other industrial names.


Price:
$27.030
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-05-12 TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

An IT services company. About 54% is outsourcing, kind of long-term contracts with recurring revenue streams. The balance is systems integration. A somewhat mature business, but very well-managed. Their last acquisition was in 2012 and was in Europe, so now Europe accounts for over 50% of their business. All the integration and synergy targets have come through. They are now looking to do another acquisition.


Price:
$51.730
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-12 PAST TOP PICK Must be logged in to use chart HD-N Home Depot

(A Top Pick May 6/14. Up 47.86%.) This was a play on improving US housing, home turn over, home resell and GDP growth. 90% of its earnings come from the US.


Price:
$112.520
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-05-12 BUY Must be logged in to use chart HR.UN-T H&R Real Estate Inv Trust

This gives a pretty attractive yield of over 5%. It is two thirds to maybe three quarters commercial, and just about one quarter retail. They have a very high quality tenant base. There is very little vacancy risk in terms of occupancy. This represents an attractive investment for someone who wants some income and share price appreciation.


Price:
$22.460
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
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