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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
2014-11-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Earlier in the early days of summer, he felt it would be nice to have a 10% correction in this market and that is pretty much what you got.  It was a cleansing and a need the market had before continuing its healthy trend upward.  Some people may wonder if this market can handle this trajectory without the extra help of QE.  He feels we are 2/3rds or 3/4ths of the way through this cycle.  You have to be selective and adjust asset allocation according to change in the environment. You have to be ready for a transition to take place sometime next year.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
_N/A
2014-11-13 HOLD Must be logged in to use chart ACQ-T AutoCanada Inc.

Overall he thinks the easy money has been made.  The recent report in the last quarter signals warning signs.  Average selling price in dealerships has been coming down.  He can see some correction here.  There is still a huge runway to consolidate dealerships in this country.  14 acquisitions year to date.  Dividend increase recently.  It is not impossible to see this name revisit an $80 level.  But it looks now like a falling knife.


Price:
$52.820
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-11-13 BUY Must be logged in to use chart AGT-T AGT Food & Ingredients

They have dominance in Saskatchewan and in Turkey.  They signed on an agreement for Kraft.  A lot of people are moving to alternate sources of protein.  Their additives are gluten free and lentil based.


Price:
$27.600
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-11-13 BUY on WEAKNESS Must be logged in to use chart BAC-N Bank of America

Took a $400 Million write-down due to legal charges.  It is not such a terrible thing.  They are one turn of a multiple less than the peer group. There are a number of tail winds lining up.  Increase in rates, increased loan growth and an economic recovery lead by the US.  He sticks to Canadian names, however.


Price:
$17.220
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2014-11-13 WATCH Must be logged in to use chart BBD.B-T Bombardier Inc (B)

Thinks there will be a day when it has its day.  It is entirely focused on the ‘C’ series.  All eyes are on the ‘C’ series and not on new contracts elsewhere in transportation. 


Price:
$4.050
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2014-11-13 BUY on WEAKNESS Must be logged in to use chart BCE-T BCE Inc.

Generates good total return.  Valuations across the board are fair and there are still prospects in this one for continued growth.  They also have sports networks, and content. 


Price:
$52.730
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-11-13 DON'T BUY Must be logged in to use chart BTE-T Baytex Energy Corp

Trades at a lower multiple than some of the others in the group.  The beta is about 1.5 whereas peers are closer to 1.  They carry a much higher debt level than peers.  Prefers VET-T.


Price:
$31.400
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2014-11-13 TOP PICK Must be logged in to use chart CCO-T Cameco Corporation

There was a lot of psychological element as to what the spot price of uranium was doing.  This is one of the biggest producers in the world.  Long life, low costs assets.  Japan is now able to restart two reactors.  CCO-T can drive growth.  Operational issues are now resolved.  As they bring on new contracts, it will be positive.


Price:
$20.760
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-11-13 HOLD Must be logged in to use chart CCT-T Catamaran Corp

An expensive business.  It is usually a 31 times PE and is now historically cheap.  The overall structure of the business is set up to produce more than $500 million of free cash flow.  Hold it here.


Price:
$54.860
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2014-11-13 BUY Must be logged in to use chart CMG-T Computer Modeling Group Ltd

Energy services company.  Optimize wells to get the best out of them.  They have wonderful intellectual materials.  They might even get swallowed up.


Price:
$11.380
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-11-13 HOLD Must be logged in to use chart COST-Q Costco Wholesale

Has been able to maintain its PE multiple over time.  One of the few.  They want you to look around within the store.  This increases the ticket items.  You keep adding to the basket.  The number of items are in a short list, but they are the go to names.  They sell at a discount and members respect this.  It is rich, but deserves to be relative to other providers.  They have the gas and auto add-on businesses.  He would wait for it to cool off a bit to pick it up.


Price:
$138.710
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2014-11-13 HOLD Must be logged in to use chart ECA-T Encana Corp

Used to own it.  Decided to move on because there were too few catalysts.  Probably going to be a choppy environment.  Still an excellent producer. 


Price:
$19.730
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-11-13 PAST TOP PICK Must be logged in to use chart EMC-N EMC Corp

(Top Pick Oct 30/13, 24.51%) The crown jewel for the business is VM ware. An active investor wants to break them up.  There might be choppiness.


Price:
$29.420
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-11-13 TOP PICK Must be logged in to use chart FLR-N Fluor Corp.

You can pick this up on weakness and see it trade up to the mid to high teens.  Margins are much better on their energy and infrastructure projects.  The book to bill ratio dropped close to 1 and so is weaker right now, but the overall trajectory is positive.


Price:
$65.090
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-11-13 BUY Must be logged in to use chart GILD-Q Gilead Sciences Inc.

Not a dividend paying health care company so he can’t hold it.  From a PE basis it looks rich bit the sheer strength of the HEP-C drug is driving the growth.  No one is close to them.  It is in his growth portfolio.


Price:
$104.200
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 209 entries
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