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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
2015-01-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Economy. Weak energy prices are negative for the energy patch, but are very positive for the overall economy. Particularly in the US, there is an environment now where there is really strong job growth numbers, expanding manufacturing activity, business optimism is high and consumer confidence is high. Now there is another unexpected source of income in terms of lower energy costs. That is going to be beneficial for the US economy. She is starting to see revisions upwards for GDP growth because energies will be beneficial for overall economic growth. Also, lower energy costs and the strong US$ means all of their commodity prices are also weak and is really easing the inflationary concerns for the next year or 2. This gives central banks around the world more room to put in stimulus measures to get their economies going.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
_N/A
2015-01-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. She has 40%-45% exposure to the US market, which continues to be warranted. Expects the US economy to be the strongest economy in terms of rate of change globally, and by that token feels US companies will also do well. She has not been adding to energy and had sold her service holding back in December when prices really started to decline. Still has a couple of energy names which have a yield behind them along with some infrastructure names, but for now she will wait to see the commodity stabilize before she adds any more exposure. Her exposure is around 14%, and the bulk of that is pipeline stocks.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
_N/A
2015-01-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Why would we buy US bank stocks with an almost 20% rate of exchange? This is a headwind if you think the US$ is going to weaken, but she thinks it will stay relatively strong. You are buying US stocks for exposure to the US economy. If the US economy is doing well, then US banks in general should do well. (See Top Picks.)


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
_N/A
2015-01-13 DON'T BUY Must be logged in to use chart ACQ-T AutoCanada Inc.

The type of name that she probably wouldn’t own. It has pulled back a lot. This is growth through acquisition of auto dealerships, so it is predicated upon them growing through financing, etc. They are overly exposed to Western Canada, and there is a concern that business will weaken there. Feels it is not trading low enough, and she doesn’t see auto dealerships as a strong secular growth area.


Price:
$42.380
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-01-13 COMMENT Must be logged in to use chart AGU-T Agrium

She likes the agricultural space long-term and this is the most attractive stock within that space right now. They have the retail operation, which is not as sensitive to crop prices. Crop prices have definitely been declining, which has been a marginal negative for fertilizer stocks. Nitrogen is their primary nutrient, and the big input costs for that is natural gas. All of their plants are in North America, so they are benefiting from low natural gas prices.


Price:
$119.520
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-13 COMMENT Must be logged in to use chart BAC-N Bank of America

Why is Bank of America (BAC-N) telling us to Short Canadian banks? She does not agree with that. We should all be buying them now because they have pulled back 8%-10% in the last 46 weeks. They are very attractively valued now and she is expecting earnings growth in the 6%-8% range. They all have target payout ratios of 40%-50%, and if you apply that to the earnings to what their current dividends are, it would be in the low end of that range, so she would expect that they would increase their dividends. When the banks reported in early December, their exposure to energy was very manageable. On their total loan book exposure, it is anywhere from below 1% to maybe 2%-3%, depending on the individual bank. (See Top Picks.)


Price:
$16.450
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2015-01-13 COMMENT Must be logged in to use chart BCE-T BCE Inc.

If you want income, this one is fine. She has been out of the telecom space for the last few years. This and Telus (T-T) have both done well. If she wanted exposure, she would prefer Telus. Her concern was the regulatory overhang.


Price:
$55.300
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-01-13 HOLD Must be logged in to use chart BNS-T Bank of Nova Scotia

Likes the banks as a group, and with the current pullback they are at a very attractive entry point now. Their underperformance relative to the group was really before the oil price collapse. They were having problems with the countries they deal with internationally and had to write offs some loans. Typically this gets a premium valuation because of its International exposure, but some of these emerging markets are having problems domestically and this bank is feeling the brunt of that. (See Top Picks.)


Price:
$61.920
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-01-13 N/A Must be logged in to use chart CASH CASH

Would it be wise to get a healthy cash position and wait for prices to get lower? She is not bearish on the markets. The US markets are only off 3% their all-time highs. Toronto is about 10% off its all-time high, despite the fact of what is happening in energy and base metals, a 3rd of our market. It’s not really that severe. We are not going into recession, and a recession is what kills a bull market.


Price:
$0.010
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
_N/A
2015-01-13 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Came out last week and cut their CapX spending by 28% and indicated that the dividend was safe. They hadn’t cut their dividend even in the 2008 recession, so they are very cognizant of the fact that they have a shareholder base that needs the income. She expects they will continue to cut CapX to maintain the dividend. Have a very active hedging program in place and about half their 2015 production is hedged at $90 Cdn, which is going to moderate lower spot prices. Unless crude stays at $45-$50 for the balance of the year, she doesn’t anticipate that they will have to touch the dividend.


Price:
$26.940
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-13 BUY on WEAKNESS Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

The leader in seniors housing in Canada. The stock has done quite well. It’s a combination of interest rates moderating and less inflation concerns and the general weaker economy. REITs generally have done quite well in the past month. The company was restructuring their US operations and focusing on certain regions, selling off some assets and reinvesting in Canada. Thinks they are at a point now where they should be able to start increasing distributions in the next year. Likes the demographics of an older population creating an increasing demand for seniors housing. Wait for a pullback below $12. Dividend yield of 4.3%.


Price:
$12.420
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-13 DON'T BUY Must be logged in to use chart DDD-N 3D Systems

Very early stage with a low revenue stream. It came from a place where it was trading at a huge multiple with high expectations built into the name. They had some internal management/operational problems. This is on her watch list because she is interested in technology. However, it is not at a point where she would buy it.


Price:
$30.880
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-01-13 WATCH Must be logged in to use chart FLR-N Fluor Corp.

Not currently buying this. You want to see stabilization. A lot of their clients are big major international companies, so they are really thinking longer-term. She doesn’t think $40-$50 crude is going to be here for a number of years. When these companies make their plans, they are years out and typically don’t see a lot of cancellations or deferrals. Waiting for the next quarter in order to gauge what they see out there.


Price:
$55.630
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-13 COMMENT Must be logged in to use chart FTS-T Fortis Inc.

She doesn’t have this across most of her accounts, but only in some accounts that really need income and that want a Canadian focus. For an income oriented investor who wants a very defensive play, you could buy this here. The company has actually got some projects coming on board that will start contributing to their cash flow. The universe of dividend paying stocks of 3.5%-4% plus has shrunk, so she thinks investors are going to re-examine this and put some money here. Yield of about 3.5%.


Price:
$39.290
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-13 BUY on WEAKNESS Must be logged in to use chart GIB.A-T CGI Group (A)

Still thinks there is a lot of upside to this name. Bought a European operation a couple of years ago that has been integrated now. They are very astute buyers. They will buy good assets at good prices to expand their geographic footprint and their vertical market. Feels they are at a position now where they are looking around for something they can do, because their integration is all complete. She would buy this in the low $40’s.


Price:
$44.620
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 1,402 entries
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