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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
2015-07-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. It looks like Greece is going to come to some kind of a process and isn’t going to be a major concern. The market in China has stopped falling, but you have to remember that it was a very sharp decline over a one-month period. It is still quite strong if you look at it year to date. Thinks it is largely contained to China itself. Oil was down initially, but is now up and she doesn’t know if the market is thinking the Iran deal may not get passed. If it does get passed, it is still going to be awhile before their crude comes back on the market. She has been very underweight oil in all of her clients’ portfolios, and really has not been adding exposure since last fall. There could be a chance of another pullback this year. Likes the banks because the sector has lagged the market because of its overhang on energy, housing, etc. Recently there have been some very strong numbers such as employment, auto sales and housing.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
_N/A
2015-07-14 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian Banks? Likes the group as a whole. They have lagged on concerns over the impact of energy on earnings, the Alberta economy, housing, etc. She doesn’t think there will be a significant housing collapse because rates are low and affordability is not an issue. Energy exposure seems to be quite manageable. Thinks they can grow their earnings mid--single digit. They all have target payout ratios of 40%-50%, so they are going to increase their dividends 4% or 5% every year. Her favourites would probably be Royal (RY-T) and the Toronto Dominion (TD-T).


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Unknown
2015-07-14 COMMENT Must be logged in to use chart AC-T Air Canada (B)

WestJet (WJA-T) or Air Canada (AC-T)?  She doesn’t own either, and typically does not invest in airlines because they are so cyclical. Lower crude prices should reduce their fuel costs, which they are not passing on to consumers. She feels WestJet is generally a better overall operator, but they recently came out with a profit warning.


Price:
$13.160
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2015-07-14 COMMENT Must be logged in to use chart ARE-T Aecon Group Inc

Engineering/construction company. Benefiting from infrastructure built projects in North America. It grows through acquisition. There is nothing wrong with this company. Energy is one of their end markets, but it is not as large as some of the others.


Price:
$12.160
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2015-07-14 DON'T BUY Must be logged in to use chart BABA-N Alibaba Group Holding

An online commerce retail company. She would not be buying this because it is trading at a huge multiple. Even though it has pulled back from its IPO, it is not cheap. A lot of the price is predicated upon momentum and expectation, and it can’t be justified by traditional valuations.


Price:
$79.620
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2015-07-14 COMMENT Must be logged in to use chart BAC-N Bank of America

US banks in general will participate in the improving US economy. Generally rising interest rates should be good for US banks and you want to have exposure in them. This bank has a much more lumpy historical performance. Thinks it will be early next year before they get approval to do another dividend increase. (See Top Picks.)


Price:
$17.130
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2015-07-14 COMMENT Must be logged in to use chart BBD.B-T Bombardier Inc (B)

Has been a little disappointing, but bear in mind that new management has only been in place for a few months. There were hopes that they would be able to garner some more orders at the Paris air show at the end of June, but that didn’t happen. The 1st flight for their C series is scheduled for early next year. They need to see more orders. She is going to give the stock a bit more time.


Price:
$1.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2015-07-14 COMMENT Must be logged in to use chart CCL.B-T CCL Industries (B)

They do a lot of packaging for consumer products and various goods. A lot of their revenue stream comes from outside of Canada. This has been on her watch list, but unfortunately she missed it. A really good company, but she would not be chasing it.


Price:
$167.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2015-07-14 HOLD Must be logged in to use chart CPG-T Crescent Point Energy Corp

Over 90% of their production is crude oil, and the collapse in oil prices has not helped. A very strong balance sheet. Yielding 12%, which she thinks is safe because they have a very strong hedging program in place. They are notorious for issuing equity. They bought Legacy, which is a good transaction as it consolidates their land base in Saskatchewan. On top of that they issued another 23 million shares at $28.50 and the market questions why they did that issue when they are paying for Legacy transaction in stock. Just did another all stock acquisition. Thinks the selloff has been a bit overdone. There is probably more volatility coming, but over the long-term crude has to be higher than here over the next year or 2.


Price:
$26.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2015-07-14 TOP PICK Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

Largest seniors housing operator in Canada. Attractive dividend yield of 4.8%. Have only recently started to increase their distributions, which is good in a rising rate environment. She likes the industry because it bodes well with aging demographics. The seniors’ population is going to double over the next 10-20 years at a much faster pace than the overall general population. Recently sold all of its US properties and have decided to refocus on Canada.


Price:
$11.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2015-07-14 BUY on WEAKNESS Must be logged in to use chart DIS-N Walt Disney

This stock has been invincible, even through the volatility of the last few months. Wait for a pullback of 3%-4% and then jump in. They have very good visible cash flow. Everything is working in their favour in terms of the studio, theme parks, ESPN. Be patient.


Price:
$117.850
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2015-07-14 COMMENT Must be logged in to use chart ECA-T Encana Corp

A natural gas producer and the commodity has been quite depressed. If they were a renewed interest in the Canadian energy patch, this name would benefit, but she doesn’t see a catalyst for the next few months.


Price:
$12.740
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2015-07-14 COMMENT Must be logged in to use chart EMP.A-T Empire Company (A)

The square footage growth that had been overhanging the grocery industry has passed now, especially with the exit of Target (TGT-N). She still prefers Loblaws (L-T). Really likes their Shoppers acquisition. The drug retail space melds well with the aging demographic. We are seeing synergies coming through now, but there are still a lot of cross-selling opportunities to come.


Price:
$91.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Unknown
2015-07-14 PAST TOP PICK Must be logged in to use chart ENB-T Enbridge

(A Top Pick July 8/14. Up 18.67%.) The projects they have in place are all long-term secure contracts with very good visibility through 2018. Still likes.


Price:
$58.200
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2015-07-14 TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

Half of this is outsourcing, longer-term contracts with recurring revenue stream. The other half is IT services and project-based things, and less long term in nature. Every few years, they do an acquisition and increases its presence in a vertical market or geographic market. About 55% of their revenue comes from Europe, about 30% from the US with the balance from Canada. Acquired Logical at the bottom a couple of years ago, integrated them and improved its margins. They are now ready to do another acquisition, but things are pricey so they are going to hold back. Does not pay a dividend, but is more of a growth stock. Attractively valued.


Price:
$51.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
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