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
2016-05-19 PAST TOP PICK Must be logged in to use chart 4914-JP Takasago International

(Top Pick June 2/15, Down 8.00%) Revenue growth and earnings growth are in the double digits, partially because of the currency changes.


Price:
$0.010
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
Yes
2016-05-19 TOP PICK Must be logged in to use chart 7734-JP Riken Leiki

A global player with pretty good earnings growth and revenue growth.  Number one player in several niche areas.  Trading at 9 times earnings and a steep discount to book value.


Price:
$0.000
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
Yes
2016-05-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The question is if the Fed will raise interest rates more than once this year.  The Fed increase is given.  The outcome is that there is a lot of risk out there.  The emerging markets have sold off and the US$ has had an impact in Brazil, Argentina and Mexico.  It is hard to find bright spots.  Should you be putting all your eggs into the TSX or the S&P?  The best way to move forward is to focus on value and not be over weighted in any commodity sector.  He is a bottom up investor and will hold cash if he doesn’t find anything to buy.  Residential real estate can be a lousy investment.  You have to pay the right price for it.


Price:
$0.020
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
_N/A
2016-05-19 PAST TOP PICK Must be logged in to use chart AA-N Alcoa

(Top Pick June 2/15, Down 29.16%) They are a low cost producer and can still generate cash flow at reduced commodity prices.  You have to step in at low prices because if you wait for the commodity price to increase you will miss it.


Price:
$9.120
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
Yes
2016-05-19 DON'T BUY Must be logged in to use chart AAPL-Q Apple

The largest market cap stock in the world.  Half of their revenues are the iPhone.  Sales are slowing as people keep phones for longer.  It looks cheap as a large part of the market cap is in cash.


Price:
$94.200
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
Unknown
2016-05-19 TOP PICK Must be logged in to use chart AEG-N Aegon N.V.

70% discount to tangible book value.  6% dividend which they got permission to raise and to buy back shares of.  They are painted by the brush for the US financials.  It has very significant upside over the next couple of years.


Price:
$5.000
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
Yes
2016-05-19 BUY Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

They have a dual class share structure and he is not crazy about it.  They are in a lousy business but did an amazing job.  He does not own it because it is too expensive.  An unbelievable Canadian success story.


Price:
$56.040
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
No
2016-05-19 WATCH Must be logged in to use chart BAC-N Bank of America

US banks are under pressure from low oil prices and interest rates.  These companies got rid of all their problems and are well positioned if oil and interest rates do well including the US economy.


Price:
$14.530
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
No
2016-05-19 BUY on WEAKNESS Must be logged in to use chart CAT-N Caterpillar

A great company but a chunk of their business is tied to mining.  He looked at it and decided he would step in at $60. 


Price:
$69.430
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
No
2016-05-19 DON'T BUY Must be logged in to use chart CF-T Canaccord Financial Inc

The whole Canadian independent brokerage sector is under extreme pressure.  They now got rid of a lot of acquisitions.  Unless the resource sector comes back, they are faced with headaches. 


Price:
$4.130
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
Unknown
2016-05-19 COMMENT Must be logged in to use chart CRH-T CRH Medical Corp.

They are in the gastro anesthesiology business.  They have found a couple of pretty good niches.  They are market leaders in the markets they are operating in.  They are now integrating the acquisitions.  Impressive management team.  It is a growth stock and not a value stock.  He would like to meet them, however.


Price:
$3.880
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
No
2016-05-19 DON'T BUY Must be logged in to use chart DIR.UN-T Dream Industrial REIT

A 9% yield is high so pay attention to why it is so high.  Lots of Alberta exposure.  They want to reduce leverage.  There are a number of issues that cause him to look elsewhere.


Price:
$8.130
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
Unknown
2016-05-19 DON'T BUY Must be logged in to use chart DOL-T Dollarama Inc.

Another Canadian phenomenal success story.  How many more dollar stores can there be?  Apparently there can still be a number more. The rate of growth is definitely slowing down.  They have to increase margins to increase profits and that will be hard to do.


Price:
$88.820
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
No
2016-05-19 DON'T BUY Must be logged in to use chart GPS-N Gap

It is down 50%.  Getting involved in fashion retailing is hard. Retail is brutal. Same store sales are declining in all brands.  It is such a risky place to be. 


Price:
$17.280
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
Unknown
2016-05-19 BUY Must be logged in to use chart HSBC-N HSBC Holdings P L C

They cleaned up their problem areas.  They are an excellent global bank and he is looking at it.  They have great franchises in Asia.  They are well diversified. 


Price:
$31.350
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
Yes
Showing 1 to 15 of 490 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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