Viewing Expert Mohsin Bashir | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Mohsin Bashir , VP

Stone Asset Management

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Date Signal Chart Symbol Company Opinion Price
2016-08-31 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Economy. GDP figure was disappointing today, but was a little bit of a rebound from June. A lot of the GDP numbers and data points coming out, are really supportive of this “lower for longer” self-fulfilling prophecies put forth by Central bankers. Although there is hope that we can have better numbers, but the real big issue is our export numbers. They were down considerably in Q2, and he doesn’t know if we are going to have our manufacturing sector pick up the slack. He sees a series of headwinds, that have formed and continue to form, for the Canadian economy. When looking at his total return portfolios, he is compelled to look stateside for opportunities.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-08-31 COMMENT Must be logged in to use chart AEM-T Agnico-Eagle Mines

Has always held this company in high regard as a producer and processor of gold. This is going to move in the same direction as gold. When he needs gold, he used Goldcorp (G-T) because of its valuation.


Price:
$66.470
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-08-31 COMMENT Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

Had always believed this was an expensive company, but it is rightly so because they are doing all the right things. Have had a huge amount of acquisitions that they have swallowed up in the past year. There is a lot of integration work involved now. At this point, it would be a “show me” stock.


Price:
$67.630
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-08-31 SELL Must be logged in to use chart BBD.B-T Bombardier Inc (B)

(Market Call Minute.)


Price:
$2.150
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-08-31 BUY on WEAKNESS Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

This was the superstar of Q2. A lot of that has to do with the refreshing changes that Victor Dodig has been making good on. They really gained some serious market share in the Canadian personal banking space. They’ve gotten into the US. Most Canadian banks are trading relatively rich compared to their historical values.


Price:
$104.100
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-08-31 COMMENT Must be logged in to use chart CSW.A-T Corby Spirit and Wine (A)

This will continue to be a steady Eddie as it is in an area that people go to when they celebrate, expressing sadness, or just having a nice evening with friends and family. The company has done an excellent job of making sure they have the portfolio of brands that consumers look for.


Price:
$21.750
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-08-31 HOLD Must be logged in to use chart CTC.A-T Canadian Tire Corporation Ltd. (A)

(Market Call Minute.) A very strong operator, but richly valued.


Price:
$134.330
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-08-31 COMMENT Must be logged in to use chart CU-T Canadian Utilities

Scores well in terms of discount to intrinsic value on a price to cash flow multiple. Thinks there is a better discount and a better catalyst with some of its peers. (See Top Picks.)


Price:
$37.600
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-08-31 TOP PICK Must be logged in to use chart CVS-N CVS Health Corp

For some reason, this is being pressured along with the rest of the healthcare space simply because of the potential regulatory changes that may be revised. Even if they do, this company is one of those great business models that is both combined Retail/Pharma as well as Pharma Benefit Management. It has great margins relative to its peer group. Also, demographics are really promising. 8% of the consumer wallet is spent on healthcare, and that is going to be growing to north of 14%-15% in the years ahead. Dividend yield of 1.82%.


Price:
$93.400
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-08-31 COMMENT Must be logged in to use chart CWB-T Canadian Western Bank

Canadian Banks were really superstars this last quarter. A lot of that had to do with them being overly pessimistic regarding provisions for credit losses, particularly relating to the energy industry. This bank would be even more so. Trades at a significant discount to the rest of the group. Given the way the dynamics for oil is playing out, the forward curve for crude, you are probably going to be in a good scenario for the next 6-12 months with this bank.


Price:
$26.330
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-08-31 COMMENT Must be logged in to use chart CXR-T Concordia Healthcare

Structured in such a way that it can fit a portfolio that wants dividend payments, but is not really driven by that. There are so many headwinds with regards to regulatory pressures, and it is possible this stock will be very, very volatile, until we know who is going to be the US president. He is expecting more volatility.


Price:
$11.420
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-08-31 TOP PICK Must be logged in to use chart EMA-T Emera Inc

This is one of the few, along with Canadian Utilities (CU-T) that scores relatively cheap in terms of its discount to intrinsic value. 80% of its businesses are tied to recurring revenues and rate resetting revenues. These can move in lockstep with any inflationary pressures. As a result of pretty strong results, and the recent acquisition of Teco Energy in Tampa Florida, it gives management the confidence to be able to keep ranking up those operating cash flows. They also increased the dividend. Dividend yield of 4.38%.


Price:
$47.750
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-08-31 COMMENT Must be logged in to use chart EMN-N Eastman Chemical

A very large, highly diversified chemical business that manufactures a series of different plastics, polymers, olefins as well as synthetic fibers. One of the biggest challenges has been compression of crack spreads that have been tightening, so any of the plastics they are making are getting more expensive and margins are getting squeezed. Another challenge is the reduced demand for acetate tow, of which they are the biggest manufacturer, which are used primarily for filters for cigarettes and ink reservoirs for pens. The amount of leverage on the balance sheet is pretty high, at about 3.2 to 4 times. However, valuation is pretty compelling. Price to cash flow is at about 6X and earnings at about 9.6X. If you can stomach the volatility it is probably going to be a really good business to hold. They are committed to dividend growth. Very well diversified.


Price:
$67.890
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-08-31 BUY Must be logged in to use chart ENB-T Enbridge

This is the one stock he would be deploying capital to. The biggest network of natural gas infrastructure this country has. 2 million users. They have very well established projects. Despite the strife going on for Energy East, these are existing pipelines. Has a tremendous track record of being able to deliver value to shareholders through growing dividends. Disciplined in their management of capital.


Price:
$51.720
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-08-31 BUY Must be logged in to use chart FB-Q Facebook

(Market Call Minute.)


Price:
$126.120
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
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