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

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Mohsin Bashir , Associate Portfolio Manager

Highwater Capital Management

Address
501 Rowntree Dairy Road, Suite 5
Woodbridge, ON
L4L 8H1

Contact Info
Telephone: 905.265.0649
Fax: 905.265.0646
Email:
Website: http://www.highwatercapital.com/


Date Signal Chart Symbol Company Opinion Price
2014-07-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Economy. Feels we are in the middle of the economic cycle which has been elongated by central banks. You have the Dow Jones up 3%, S&P up 6% and the TSX up 12%. You are really looking at a continuation of markets chugging along this mid-cycle period, where companies within industrial or technology spaces get the benefit from an increase and a ramp-up in capital expenditure. We are still working in the wake of the great recession, which saw about $400 billion of capital, escape the markets. One of the byproducts of that is that there are companies sitting on $1.7 trillion of cash. That cash is starting to get deployed in the realm of capital expenditure, and you are starting to see a little bit of increase in merger and acquisition activity. An example of a company that would be a beneficiary of the increase in overall infrastructure and industrial buildout would be United Technologies (UTX-N).


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2014-07-18 COMMENT Must be logged in to use chart BA-N Boeing

Thinks they will benefit from the overall shift towards the more industrial build out. More infrastructure with more people migrating into the middle class space, which means a higher amount of traffic for air travel. With the UK air show going on there is probably some healthy capability for new contracts to be signed. However, in the context of being able to extract value, ideally you would like to go to a company that has pricing power such as a component maker for them, such as United Technologies (UTX-N).


Price:
$127.640
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2014-07-18 COMMENT Must be logged in to use chart BAC-N Bank of America

Still in the process of shaking off its past. Has a good bead into the retail investment space however a better name would be Wells Fargo (WFC-N). He prefers the Canadian banking sector, especially Toronto Dominion (TD-T).


Price:
$15.490
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-07-18 COMMENT Must be logged in to use chart CGX-T Cineplex Inc

Last year was actually a peak year in terms of the box office tally. Year to date, there have been 2 elements. 1) A few flops at the box office, and 2) a very long and cold winter. What is important is not just a movie house itself, but their forays into digital media. Also, 40% of their revenue is generated from concessions. They also have 50% ownership in an arcade equipment manufacturer. Feels management is very friendly for the shareholder in being able to extract value. Very robust and healthy yield at 3.8%. At 20X PE it is expensive, but historically that is pretty cheap.


Price:
$39.600
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-18 TOP PICK Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

Spinning off tons of cash. One of the largest senior producers in Western Canada, and produce about a million barrels of oil a day. Phase 2 expansion in Horizon as well as its thermal projects, gives it a really good line of sight for amping up its production with another 250 million barrels by 2017. This will mean an extra $2 billion per year of free cash flow available, which could be used for increasing dividends or further asset purchases. Also, have a nice handful of royalty assets that could be spun out. Yield of 1.89%.


Price:
$48.320
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-18 COMMENT Must be logged in to use chart CP-T Canadian Pacific Rail

Exceptionally strong in terms of its turnaround that, by and large, has already been orchestrated, and is reflected in the stock price. He is trimming his holdings because of the weighting in portfolios. Has one of the best growth rates, when you look at the “growing crude by rail” story, as well as the requirement to transport grain and intermodal.


Price:
$209.090
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-18 PAST TOP PICK Must be logged in to use chart CPG-T Crescent Point Energy Corp

(A Top Pick June 20/13. Up 32.76%.) Has been a beneficiary of the rise in energy. A former trust, so pays a very hefty dividend. Focused on light and medium oil as well as their water flood technology, which really expands the productivity of the recovery capability on their wells. Some pretty good catalysts lining up for this one.


Price:
$44.130
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-18 COMMENT Must be logged in to use chart FB-Q Facebook

Somewhat of a unique business proposition, because this has got innovations that have proven to be able to generate revenues. The issue is that the multiple is so high. As a GARP investor it is difficult for him to rationalize this one. Expects you could see a good 10%-15% reasonable result from here.


Price:
$68.420
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-07-18 BUY on WEAKNESS Must be logged in to use chart G-T Goldcorp Inc

This would have been a buy earlier in the year in the lower $20’s. Now it looks like it has woken up from the dead. A little bit rich here, but is probably one of his favourites. Good set of assets and good management team. You probably should wait for the stock price to cool off.


Price:
$29.990
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-18 COMMENT Must be logged in to use chart GE-N General Electric

In the process of streamlining its business. They are trying to parcel out the financial arm of the business. This helps them to hone in on what is really doing well for them, the industrial front, jet engine, power generation, etc. Have their hand in so many different areas. If the biggest growth component is on the industrial front, he would probably look to a company that is a little more honed in on that space such as United Technologies (UTX-N).


Price:
$26.460
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2014-07-18 HOLD Must be logged in to use chart GSK-N Glaxosmithkline PLC

Although listed in the US, this is really a European name, but diversified across about 140 different countries. Even though they may not be as diversified as its peers, they have a pretty decent focus and mixture. Focused mainly on vaccines and drug R&D, but also have some pretty well-known consumer product brands that people are familiar with. The issue is that it is a little bit more focused on the hefty dividend payment. Payout ratio is about 70% while its peers are more like 50%-60%. Because of this the multiple is lower, and trades at a discount to the others.


Price:
$53.720
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-07-18 PAST TOP PICK Must be logged in to use chart IFF-N International Flavors & Fragrances

(A Top Pick June 20/13. Up 38.26%.) An exceptionally interesting company that is so little known and so little talked about. What is really well-known are some of their customers, Heinz, L’Oreal, Unilever, etc. Pretty much any food or fragrance or anything that has a taste or aroma to it, this company is responsible in some way, shape or form. This is what gives them the added benefit of pricing power.


Price:
$104.290
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-18 COMMENT Must be logged in to use chart KEY-T Keyera Corp

Holds this and is very happy with it. Good management. Has been trimming his holdings at around $79, and moving out of that sector and into mid-cycle names. Feels this particular area is going to have a challenging time should rising interest rates come in. These are effectively fixed income proxies in the utility space. Feels there are headwinds on a go forward basis. If you are an investor that is focused on a consistent and healthy dividend income, he would look at picking up a name like this because the management team is so wonderful. Would prefer in the low $70’s.


Price:
$78.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-18 TOP PICK Must be logged in to use chart MATW-Q Matthews International

One of the most important key suppliers to the death care industry, in supplying caskets and cremation equipment to funeral homes. Own 70% market share in bronze and granite memorials. In the US there are a higher number of people that are opting for cremation, about 36%, which is forecasted to grow to about 56% in 10 years. Yield of 1.03%.


Price:
$43.130
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-18 TOP PICK Must be logged in to use chart MDT-N Medtronic Inc

On the cusp of a transformational acquisition, the $43 billion purchase of Covidian (COV-N). This changes their headquarters with a tax inversion deal, making Covidian a 30% owner of the new Medtronic. In order for a tax inversion to take place, you have to own at least 20%, so maybe the extra buffer of 30% will appease regulators, and keep everybody happy. This would allow them to have foreign profit, somewhere in the realm of about $14 billion, and be able to re-disperse them among their existing shareholders. A good line of sight for a growing dividend, further share buybacks, as well as future tuck in acquisitions. This deal would make them the biggest and most diversified medical devices company globally. Also, developing a series of new products. Yield of 1.97%.


Price:
$62.360
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
Showing 1 to 15 of 184 entries
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