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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
2015-03-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. The US has indicated that rate hikes are going to be slower than anticipated. This has flowed through all sectors of the market, more importantly the bond market, which reacted quite substantially. Even though earnings are decent, not substantially dramatic in terms of their growth, that still merits a higher PE multiple, so you can have stocks that are grinding higher. Cheap borrowing is still available, which is going to drive growth a little bit higher for a lot of corporations. In the mid-cycle stages, chances are that you would want to be in sectors that are a little more cyclically focused, such as discretionary, technology or industrial based. We have yet to move to that late stage of the recovery where you normally would have the resource sector as the market leader. As a stock picker he is going to stick to his mandate which is Large Cap, but specifically lower beta names, ones that have low variability, but most importantly growing dividends.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2015-03-18 COMMENT Must be logged in to use chart AAPL-Q Apple

He believes this still has legs. Tim Cook has done an excellent job at being able to manage this company as it goes through its maturity stage. The initiation of a dividend is proof of the metamorphosis that is taking place. He wouldn’t buy this for its dividend, but for its growing dividend. The cash flow they generate is strong, to maintain an increasing dividend over time. Trading at about 13X PE, which is very reasonable in this environment.


Price:
$128.470
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-03-18 COMMENT Must be logged in to use chart AMZN-Q Amazon.com

That trades at 116X PE, and forward PE of 72 times. This defies fundamental logic in terms of the way its stock price trades. The market does not attribute its earnings, but its ability to grow, based on its volume growth. Based on that, this could be the right time to purchase it. The most recent quarterly results showed a 43% growth in its web services and 53% growth in its prime memberships. Already 20%-25% of all US households are fee paying members.


Price:
$375.135
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-03-18 BUY on WEAKNESS Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

Alimenation Couche-Tard (ATD.B-T) or Jean Coutu (PJC.A-T)? This had missed immediate expectations, but their growth profile was absolutely excellent. Just announced they were going to be purchasing 315 more stores in Denmark as well as the servicing of fuel for aircraft in Europe. Growth prospects are probably better for this one, simply because of the International Field they have. He would probably wait for it to consolidate a little bit further down.


Price:
$50.000
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-03-18 BUY Must be logged in to use chart BAC-N Bank of America

The real winners from the recent stress tests, were regional banks, who were allowed to increase their payout ratios from 30% to 35%. This bank was not allowed that freedom, but they were given the ability to buy back shares. This has some good catalysts ahead of it as it is tied to the US housing market.


Price:
$15.980
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-03-18 COMMENT Must be logged in to use chart COST-Q Costco Wholesale

An interesting business. They actually carry much less items for sale than other grocery stores or retailers. It targets a particular market, which tends to range on the higher end of household income. As a result, they are able to price their items a little more aggressively in some areas. However, when you aggregate everything together, their prices are actually lower. Valuation is very high, but it is a very good business.


Price:
$150.930
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-03-18 TOP PICK Must be logged in to use chart CRI-N Carter's Inc

80% of new moms shop at this store. The big push for this company is being able to drive international sales. Right now 90% of their sales are in the US. Management initiated a dividend in 2013, and at the top of every year have been increasing it. The most recent one was a 19% increase. The near term push for this is going to be 80 more new stores in Canada over the next 5 years, and the long-term push is going to be China. They are a supplier to Wal-Mart (WMT-N) and Costco (COST-Q). Yield of 0.96%.


Price:
$91.680
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-03-18 WAIT Must be logged in to use chart CWB-T Canadian Western Bank

Has been punished in this energy downturn. There is some sort of opportunity emerging here, because this isn’t a business that is entirely dependent on oil production itself. It is dependent on the customers that are out there in that space. E&P companies have been out consolidating and shoring up their balance sheets. Eventually there is going to be a point where a lot of these assets and a lot of these businesses are going to be up for sale at bargain prices. Over the long term, you probably have an opportunity with this bank. Wait for an oil price improvement first.


Price:
$26.280
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-03-18 SELL Must be logged in to use chart GCL-T Colabor Group Inc.

This is a matter of a company that has been poorly managed. Cash flows that are being generated are just not enough for the obligations that it has. What makes it even tougher is that there are competitors in that same grocery distribution space that are literally eating their lunch.


Price:
$1.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-03-18 COMMENT Must be logged in to use chart GOOG-Q Google

He likes this business in terms of the scale that it has available to it. Technically speaking, its revenue generation is just advertising. A very well-run, highly technological, well diversified advertising business. The amount of information it has is a huge asset for anybody else who wants to tap into smart marketing.


Price:
$559.500
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-03-18 DON'T BUY Must be logged in to use chart HBM-T Hudbay Minerals Inc.

In the case of any of the base metal companies, some have had some pretty significant moves off their bottom recently. He would think that this is still pretty much a China story, and the story is probably not getting that much rosier, at least in the near term.


Price:
$9.630
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-03-18 DON'T BUY Must be logged in to use chart LRE-T Long Run Exploration

He would be inclined to stay clear of this. It has dropped quite dramatically because of the amount of leverage on its balance sheet.


Price:
$0.710
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-03-18 COMMENT Must be logged in to use chart PJC.A-T Jean Coutu Group (PJC) (A)

Alimenation Couche-Tard (ATD.B-T) or Jean Coutu (PJC.A-T)? He prefers Alimenation Couche-Tard.


Price:
$26.450
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2015-03-18 TOP PICK Must be logged in to use chart QCOM-Q Qualcomm

Part of the reason for controversy has been China’s antitrust investigation. That is now behind them. They also had OEMs in China that were underreporting revenues, which is being resolved. However, there are some other headwinds. Their chipset business no longer has Samsung or Apple (SSPL-Q) in future iterations of the high end smart phones. To him, that is not really a huge issue, as their core business comes from the licensing business. Management has committed 75% of the free cash flow back to the shareholders through dividend increases and a $10 billion share buyback over the next 12 months. Dividend yield of 2.73%.


Price:
$70.230
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-03-18 DON'T BUY Must be logged in to use chart RCI.B-T Rogers Communcations (B)

He would probably err on the side of caution for this. Telecommunication companies are trading at about 8X EBITDA, and that is pretty lofty. He could rationalize those valuations if we are in a continued low interest rate environment and the companies are generating good cash flows. In this space, this company probably faces some of the biggest headwinds, largely because of the concept of a 4th carrier being brought into place. It probably stands to lose the most in that kind of a situation.


Price:
$43.700
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 231 entries
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