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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

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
2015-02-12 PAST TOP PICK Must be logged in to use chart 6804-JP Hosiden Corp

(Top Pick Jan 6/14, Up 14.53%) Trading at a silly multiple as Japan comes back into favour.


Price:
$0.000
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Yes
2015-02-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Looking to buy companies trading at a discount to their breakup value.  He looks for strong companies trading at a discount that are generating free cash flow.  He also requires financially sound companies.  The US has been on an amazing run.  He sees better value elsewhere.  European governments are poised to start a little spending. 


Price:
$0.020
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
_N/A
2015-02-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

ADRs. Vs. Global stocks on the Local Exchange.  You can buy on the New York exchange so it is cheaper and easier to trade.  On proper liquid stocks you get proper execution, but on illiquid stocks you have to go to the local market. 


Price:
$0.020
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
_N/A
2015-02-12 BUY Must be logged in to use chart AA-N Alcoa

Aluminum prices are depressed, but this company is not dependant on the price of Aluminum.  He would buy for a new client today.  You need to buy it when earnings are depressed like they are now.  The auto sector is moving to more and more aluminum in cars.  A lot of the high cost production has been shut in so the supply has reduced.


Price:
$15.650
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Yes
2015-02-12 TOP PICK Must be logged in to use chart AEG-N Aegon N.V.

Has a good chunk of insurance business.  Trading at a steep discount to tangible book value.  Double digit earnings growth.  Dividend in the 4% range.  It remains an extremely cheap company.


Price:
$7.630
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Yes
2015-02-12 DON'T BUY Must be logged in to use chart BB-T BlackBerry

Management has done a surprisingly good job here.  It is too risky for him and he does not see a future for Blackberry handsets. 


Price:
$12.320
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
No
2015-02-12 PAST TOP PICK Must be logged in to use chart BP-N BP PLC

(Top Pick Jan 6/14, Down 8.78%) It is such a cheap stock with a single digit multiple and a 5% yield, but that could get cut.  It throws off a ton of free cash flow.  They may become a net acquirer of cheap energy assets.


Price:
$41.340
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Yes
2015-02-12 DON'T BUY Must be logged in to use chart CCO-T Cameco Corporation

Cream of the crop in the space.  A well run great Canadian company.  Nuclear makes all the sense in the world as a clean fuel as long as you don’t have an accident.  It is a question of whether countries will embrace nuclear again.


Price:
$19.270
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-12 DON'T BUY Must be logged in to use chart COS-T Canadian Oil Sands

Had to cut the dividend.  It is high cost oil.  If oil prices stay low for a couple of quarters, he would see a decline in the price of this stock.


Price:
$11.930
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-12 WAIT Must be logged in to use chart CPG-T Crescent Point Energy Corp

He owns none of the Canadian Commodity sector.  Oil stocks are priced as if oil will rebound quickly to the $80-$85 range.  If oil stays below $70 then over time these oil stocks should all come down and that will be a buying opportunity. 


Price:
$32.500
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-12 DON'T BUY Must be logged in to use chart CSCO-Q Cisco

One of North America`s best retailers.  It is at 30 times earnings, which they probably deserve.  It is simply too expensive for him.  But they have been delivering over a long period of time.


Price:
$29.460
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-12 TOP PICK Must be logged in to use chart DB-N Deutsche Bank AG

Stands out because of the large exposure to Germany, one of the strongest countries with better growth.  The bank has their issues behind them.  They have gone through capital rebuilding, did a rights issue and the next couple of years are going to be well into the double digits for earnings growth.   It is trading at a 30% discount to tangible book value.  He just bought in December.


Price:
$31.590
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Yes
2015-02-12 DON'T BUY Must be logged in to use chart FCX-N Freeport McMoran Copper & Gold

Copper prices have been very weak.  Japan is the driver.  He does not see an opportunity at the present time.


Price:
$19.470
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-12 HOLD Must be logged in to use chart GE-N General Electric

A great conglomerate.  It has been reengineered into a great company.  It is like buying the global industrial space.  A rock solid dividend.


Price:
$24.890
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-12 BUY Must be logged in to use chart HMC-N Honda Motor Ltd.

He is somewhat bullish on the sector from an auto demand standpoint.  The age of cars in Europe has gotten older.  He is looking at HMC-N and TM-N.  They are both forward thinking, well positioned companies. 


Price:
$32.730
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Unknown
Showing 1 to 15 of 385 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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