Viewing Expert Lorne Steinberg | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Lorne Steinberg , President & Portfolio Manager

Lorne Steinberg Wealth Management Inc

Address
1000 de la Gauchetiere Street West
Suite 3310
Montreal, QU
H3B 4W5

Contact Info
Telephone: 514-876-9888
Toll Free: 1-866-876-9888
Fax: 514-876-9994
Website: http://www.steinbergwealth.com

Bio:

Lorne Steinberg Wealth Management Inc. provides discretionary investment management services to individuals, corporations and non-profit organizations. At our firm, research is the lifeblood of our company. Through our disciplined investment approach, we aim to grow client capital over time within a lower risk framework -- capital preservation is of paramount importance. We are a management-owned firm and operate without external influence or pressure, free of ties to product providers and financial service institutions.


Date Signal Chart Symbol Company Opinion Price
2017-05-16 TOP PICK Must be logged in to use chart 4914-JP Takasago International

This is part of the new Japan, which are the great, long term businesses that have figured out how to grow internationally. This company has had phenomenal revenue growth, because they have increased market share in the US, Europe and the rest of Asia. Flavours and fragrances are very high-tech niche businesses. This sells for 13X earnings, and less than tangible BV with double digit earnings growth, revenue growth. In the US, they would be double what they are trading for now. Dividend yield of 1.3%.


Price:
$0.010
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Yes
2017-05-16 PAST TOP PICK Must be logged in to use chart 7734-JP Riken Leiki

(A Top Pick May 19/16. Up 70%.) Manufactures gas detectors and safety equipment. This has been around for 50+ years and generates free cash flow, and they keep on plowing money back into R&D to remain at the top of what they do.


Price:
$0.000
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Yes
2017-05-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Now that we are in a rising rate environment, the Fed governors are projecting that the Fed funds rate will be increased from 1% today to 3%, 3 years from now. That takes us back to normalcy. If the short-term rate goes to 3%, it implies that 5 and 10 year bond yields are back to 4%-6%, and that will potentially have a huge impact on valuations. You can expect that stocks like utilities, pipelines, REITs will be the most prone to decline. Also, you should expect the P/E ratio of the market to kind of retreat to a more reversion to the mean.


Price:
$0.020
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
_N/A
2017-05-16 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

High-yield bonds as part of a fixed income portfolio for a retiree? He manages both regular and high-yield bonds, but in a rising rate environment, regular bonds go down. High-yield bonds actually tend to go up in a rising rate environment, because they tend to be short duration bonds with a wide spread. He always cautions investors not to try and pick high-yield bonds. Buy a high-quality, high-yield fund, which is widely diversified. Do not buy a high yield fund which only owns Canadian high-yield bonds, because you are going to end up with a bunch of mining and energy bonds.


Price:
$0.020
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Unknown
2017-05-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

What makes Government of Canada 5-year bond yield rates, go up or down? When the economy is doing poorly, there is often a sense that the Bank of Canada will not raise rates, and may even drop short term rates. That would have an impact of investors running to buy 5 year bonds for a little bit of yield, which would cause the bond yield to go down. If inflation were picking up, investors would ask why they would buy a 1% bond when inflation is going to be at 2%, so they would demand a higher yield. A stronger economy tends to lead to rising rates.


Price:
$0.020
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
_N/A
2017-05-16 COMMENT Must be logged in to use chart AAPL-Q Apple

This company is doing everything right. He doesn’t own this, because 60% of earnings is because of the iPhone. If someone else comes out with a better mouse trap, it will have an impact. The valuation is not stretched.


Price:
$155.470
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
No
2017-05-16 PAST TOP PICK Must be logged in to use chart AEG-N Aegon N.V.

(A Top Pick May 19/16. Up 7%.) This offers a 4%+ dividend. He thinks it is worth double the current share price. Trading at a huge discount to its tangible BV. The reason it has underperformed is because of housing market issues in the Netherlands. With the improvement in the European economy in general, that will be a boost for this company.


Price:
$5.020
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Yes
2017-05-16 TOP PICK Must be logged in to use chart BP-N BP PLC

The Macondo Gulf of Mexico disaster is now past and they have taken all the charges. They’ve rebuilt the company. The balance sheet is in very strong shape. With the cost structure where it is, even at these commodity prices, this company is throwing off lots of cash flow. Dividend yield of 6.7% is sustainable at current commodity prices. This is the cheapest of all the major integrateds. (Analysts’ price target is $37.50.)


Price:
$36.240
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Yes
2017-05-16 COMMENT Must be logged in to use chart C-N CitiGroup

US banks are performing well because the government wants to cut corporate tax rates, but also, very significantly for the banks, is that they want to roll back a lot of Dodd Frank and reduce regulations. That would allow banks to lever up again, and boost earnings. After the massive run ups most of the US banks have had, there is not going to be the same run for the next 12 months. However, they are in excellent shape and well capitalized as an industry to move forward.


Price:
$62.490
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Unknown
2017-05-16 COMMENT Must be logged in to use chart DIS-N Walt Disney

This has unbelievable franchises from films, which they keep on pulling out every 10 years or so, as well as the theme parks. Those are really 2 unparalleled franchises. This is struggling a little bit with ESPN, which was a massive free cash flow generator. There have been people unplugging cable, so viewership and earnings are down. This is too expensive for him now, but something he would look at when it was cheaper.


Price:
$107.980
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Unknown
2017-05-16 COMMENT Must be logged in to use chart F-N Ford Motor

Yielding 5.5%. The auto industry almost went bust and had their dividend eliminated a decade or so ago. This sector has never been a great place to invest. It is highly cyclical and very capital intensive. Also, consumers are shifting behaviours with ride sharing, which is having an impact on long-term auto sales. There are better places to go.


Price:
$10.940
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Unknown
2017-05-16 DON'T BUY Must be logged in to use chart FCX-N Freeport McMoran Copper & Gold

When times are good, this company makes tons of money. Then, unfortunately, they often make a lot of lousy acquisitions and/or get into other businesses. This company eventually had to eliminate the dividend because they were paying out too much. These are stocks that you “rent” not “own”.


Price:
$11.770
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
No
2017-05-16 COMMENT Must be logged in to use chart GLW-N Corning Inc

This is really a technology company in glass. They made their name in fiber-optic cables during the .com era, and when that fell apart, their glass business took off. They make gorilla glass for iPhones and high end TVs. The company is sitting with a cash pile and have been buying back stock. This remains very undervalued. He continues to see huge upside with this company.


Price:
$29.600
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Yes
2017-05-16 HOLD Must be logged in to use chart MCD-N McDonalds

This has done an amazing job morphing its business. Coffee is the new growth area, which is very high margin. They have gotten good locations and understand the real estate game. If there were a big pull back, this is the kind of thing he would look at.


Price:
$147.290
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
No
2017-05-16 COMMENT Must be logged in to use chart MFC-T Manulife Financial

Canadian Banks versus lifecos? He is a bigger fan of the lifecos. Manulife (MFC-T) and Sun Life (SLF-T) are going to get a big boost from rising interest rates. It is already starting to happen. The yield curve is steepening. Lifecos have been suffering and living with low interest rates for a long time. Both companies are also quite global. They have big presences in the US and in Asia. He sees a better earnings growth over the next few years.


Price:
$23.720
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 559 entries
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1 Comment

izzyKap

April 25th 2014 at 11:25am

I viewed Lorne for the first time on BNN April 2014. My impression is that he is a thoughtful incisive professional with impressive brain power! I intend to keep track of his recommendations.


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