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Compiling comments that experts make about stocks while on public TV.

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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
2014-04-23 PAST TOP PICK Must be logged in to use chart 5013-JP Yushiro Chemical

(A Top Pick April 30/13. Up 10.36%.) At the current share price, it is basically selling for its net cash and half of its net cash plus Accounts Receivable so you are getting this electronics company basically for free. This company has huge upside and has just barely started to move.


Price:
$0.000
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Yes
2014-04-23 TOP PICK Must be logged in to use chart 5975 Tokyo Topre Corporation

Tokyo exchange so we don't track.


Price:
$0.000
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Unknown
2014-04-23 DON'T BUY Must be logged in to use chart 6752-TO Panasonic Corp

They are suffering from the same things that Sony is, that is they are totally out of touch with consumer tastes. This remains a huge issue for some of these companies. Earnings are going to improve simply because of the depreciation of the yen, but the reality is that there are serious problems with their model and their products and they require a massive overhaul.


Price:
$7.240
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
No
2014-04-23 COMMENT Must be logged in to use chart 6804-JP Hosiden Corp

A net cash story. How can you not like a company where you are getting, for a fraction, an underlying company? This one offers huge upside. Earnings are poised to take off again.


Price:
$0.000
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Yes
2014-04-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Stock markets have had a great run in the last couple of years. This is not just due to corporate earnings, but is also due to price/earnings inflation. Valuations are simply more expensive. With the prospect of interest rates rising at some point and if the Fed tapering continues, that will put pressure on some equity prices. Also, corporate earnings have been somewhat disappointing for some of the large mega international multinational companies. His equity fund is about 30% cash because he is having trouble finding good things to buy. He still finds value in Japan, but a lot of the companies have moved up quite substantially. Also, seeing value in European financials.


Price:
$0.020
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
_N/A
2014-04-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Interest Rates. The 10 year bond yield rose after Ben Bernanke’s famous comment last June. Since then, the reserve board has done everything it can to ensure and talk investors into believing rates will remain low. 10 year bond yields have actually declined in the US to about 2.5% so investors have become quite comfortable for the next 2-3 years. They believe interest rates will stay low so ETFs like SPDR Barclays High-Yield (JNK-N) and iShares Hi Yield Corp Bond (HYG-N) ETFs have come back up again as people begin to feel they are not going to suffer any capital losses. This is the same with preferred shares.


Price:
$0.020
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
_N/A
2014-04-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Convertible bonds. What is your best suggestion in the five-year maturity range with reasonable yield and liquidity? After the massive run-up in equity markets, he can’t find any value in convertible bonds. Anything decent is trading at a huge premium because share prices have risen up, therefore yields are extremely low. He does not find this area attractive at all at the present time.


Price:
$0.020
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
_N/A
2014-04-23 PAST TOP PICK Must be logged in to use chart AA-N Alcoa

(A Top Pick April 30/13. Up 60.91%.) Feels that this is just on the cusp. After aluminum companies have shut in a lot of high cost aluminum, supply is declining somewhat and demand is poised to take off in the next couple of years because of US auto demand is rising. To him, their peak earnings will be $2.50-$3 a share. In the past, when earnings have been at this level, this has been a $30 stock.


Price:
$13.630
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Yes
2014-04-23 COMMENT Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

Always had thought it was a lousy business, low margin convenience stores, but this one has done an absolutely outstanding job. The only successful Canadian retailer that has been successful in the US. Earnings keep driving higher. He could never buy it at the valuation it is trading at, but kudos to management.


Price:
$30.730
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Unknown
2014-04-23 COMMENT Must be logged in to use chart BAC-N Bank of America

All of the earnings for the US banks are showing 2 things. On one side, all the big money center banks like this one, are showing some increased earnings, but the reason, in part, is that they are taking out reserves for bad loans. The economy has improved and now they are unwinding those reserves. It is not really core earnings improvement. They are also suffering from the new rules that will apply to their use of capital. He is somewhat neutral on these banks and prefers the European ones, which look a lot cheaper.


Price:
$16.370
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Unknown
2014-04-23 COMMENT Must be logged in to use chart BP-N BP PLC

This is probably the cheapest of the major oil/gas companies still suffering under the shadow of the Macondo spill. About a quarter of their production is in Russia, which is always a risk. The healthy dividend is rock solid. Focused solely now on driving shareholder value so there will probably be share buybacks and dividend increases. Trading at a very cheap valuation.


Price:
$48.810
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Yes
2014-04-23 TOP PICK Must be logged in to use chart CSCO-Q Cisco

This is a value manager’s dream because Wall Street hates this company. All analysts have downgraded it. When he looks at it, he sees a company with about 30% of the market cap in net cash. Earnings will have flattened this year at around $1.95-$2 level. This company remains #1 in the world in all of their businesses. Have tremendous scale. Great management team. Earnings are poised to rebound in 2015, partly due to just general tech spending increases especially in their area. Yield of 3.25%.


Price:
$23.500
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Yes
2014-04-23 DON'T BUY Must be logged in to use chart CTB-N Cooper Tire & Rubber

In the replacement tire business so are not selling tires to car manufacturers, but to garages, etc. They were involved for a while in a takeover bid that didn’t pan out. Not a great business really. Earnings should be fairly stable for the next couple of years, but there is not enough upside for him.


Price:
$25.430
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
No
2014-04-23 COMMENT Must be logged in to use chart DOL-T Dollarama Inc.

A great Canadian retailer that has been wildly successful. Management has done a fantastic job in exploiting this niche and building its business. This is reflected in the share price and he can’t buy anything like this that is trading over 20X earnings.


Price:
$90.700
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
No
2014-04-23 COMMENT Must be logged in to use chart ELY-N Callaway Golf

Have been suffering with a turnaround for years now. Big Bertha was a revolutionary club when it came out. Nike (NKE-N) has made a huge push into golf and they are a brutal competitor. This is a consumer product type situation and rather narrowly focused. Golf is suffering a little bit with the economic malaise in the US. This will come down to whether management can pull off the turnaround. If they can, this will probably do reasonably well.


Price:
$9.690
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
No
Showing 1 to 15 of 308 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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