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

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Greg Newman , Senior Wealth Advisor

ScotiaMcLeod


Date Signal Chart Symbol Company Opinion Price
2015-06-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. If you believe we are in a continuation of this elongated cycle that we have been in with a lot of disinflationary forces, then he thinks you can still be constructive on a lot of the yield stocks that have come down quite a bit over the last couple of weeks. He is seeing opportunities in select names in utilities, REITs, telecoms. Also, still likes the growth names. You kind of want to toggle back and forth. This is a different environment than past cycles. Not sure how long this is going to last, but the opportunity is that you buy the yield when people are really scared of runaway interest rates and you buy the global growth stories where people are afraid there isn’t growth. We are still very much in a bull market and we are not going to have anything big, as long as Greece is contained.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
_N/A
2015-06-18 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian bank stocks? They have a lot of negative press around them. There is a big US Short. As long as a real estate holds up, this is a sector that you can own. Payout ratios are low and dividends are high. P/E ratios are quite low and growth levels are good. When they get to a level of 4.6% as a group, that is when he buys them. Not a lot of risk and some decent rewards. Royal (RY-T) would be his favourite growth play. He also thinks there is good value in CIBC (CM-T).


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2015-06-18 PAST TOP PICK Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

(A Top Pick June 12/14. Up 21%.) Still sees this growing at around 18% over the next couple of years. Most of its portfolios are in the US, so you really benefit from a low Cdn$. Still trading below market multiple. Still a Buy.


Price:
$9.500
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2015-06-18 DON'T BUY Must be logged in to use chart BBD.B-T Bombardier Inc (B)

They raised enough cash to support their free cash flow burn for the next couple of years, to build up their C series development program. Management is now focused on improving margins and there is likely some low hanging fruit there. Thinks they could spin out the BT and they could do that in an intelligent way and still retain partial, and that would be accretive for them. Expects revenues to fall and margins stay flat over the next couple of years. A very big ship to move and you do need structural changes to improve margins. Not the best place to be deploying capital right now.


Price:
$2.470
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2015-06-18 BUY Must be logged in to use chart BCE-T BCE Inc.

Telecoms? He would look at BCE (BCE-T) or Telus (T-T), but not Rogers (RCI.B-T). The CRTC has given a bit of breathing room here. They are probably going to push through a 4th carrier, but have probably kicked it down for a year or 2. Both names are very investable at these levels. They continue to benefit from gaining share at the high-end and healthy ARPU growth. Strong revenue growth, which is allowing them to be aggressive on retaining customers.


Price:
$53.040
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2015-06-18 BUY Must be logged in to use chart CGX-T Cineplex Inc

By and large, this has been pretty expensive. It has come down some. They have some interesting things transpiring. They are building out a new restaurant/entertainment centre, which he thinks is going to be a success. Have been doing a really good job of developing their other businesses. Trading at a level that is slightly below their 5 year average.


Price:
$46.690
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2015-06-18 BUY Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

This is one of the banks he would be buying. Their EPS growth was up 5% year-over-year. They are benefiting from really strong market sensitive fees. Doing a good job containing costs. Trading at a discount to its peers.


Price:
$93.950
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2015-06-18 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

Transports have been failing in the US and everybody has downgraded their targets. This one is trading at around 17X 2015 estimates, versus its five-year average of 17.9. He models 11.4% EPS growth over the next couple of years. As long as we are not going into a really tough economy, which he doesn’t think we are, then he thinks you can get constructive on this and Canadian Pacific (CP-T) at these levels. Realize though that there are not going to be any catalysts for the next couple of quarters.


Price:
$74.920
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2015-06-18 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Just issued a lot more equity, which is helping to protect their balance sheet. Paying a real high dividend. Debt to cash flow is pretty high at around 2.5X. There are better ways to be making money than this. If you have it, OK.


Price:
$27.340
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2015-06-18 TOP PICK Must be logged in to use chart CU-T Canadian Utilities

This is a bit of a contrarian play. Everything has gone wrong for them. There was the oil collapse, an NDP victory in Alberta, rising yields recently which really soured sentiment. However, it has gotten to a level which he thinks is just too cheap to ignore. Trading at 14X 2016 earnings, versus the group at around 21. Thinks you will get your non-regulated assets for free, and yet they have multi-years of robust utility growth, regardless of what happens to the Alberta economy. Pristine balance sheet and low risk. Dividend yield of 3.35%.


Price:
$35.270
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2015-06-18 TOP PICK Must be logged in to use chart DH-T DH Corporation

Thinks the acquisition of Fundtech is a transformational deal for them. It will help to position them to benefit from these industry megatrends of electronic banking. Once the thing closes, the US represents 63% of their business mix. He is modelling 24% revenue growth. They are very much invested in a good, higher growth business. Dividend yield of 3.09%.


Price:
$41.440
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2015-06-18 BUY Must be logged in to use chart FTS-T Fortis Inc.

Have been selling their non-core assets with lower returns, and investing in higher growth opportunities. They have $6 billion in CapX needs through 2017. That should help to fuel their growth. He sees 9% EPS in that period compounded and 6.2% dividend growth. Trading around 17X versus the group at around 20X. Payout ratio is low so they can boost the dividend. About 45% of their earnings are coming from the US.


Price:
$36.060
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2015-06-18 COMMENT Must be logged in to use chart HR.UN-T H&R Real Estate Inv Trust

He models an 89% payout ratio, making the dividend pretty sustainable. One of the highest quality REIT portfolios in Canada. You can get it now at 14X price to AFFO, a couple of points cheaper than its five-year average. Building out their retail platform and their US platform. The US is 25% of their business. The problem is that they have sold half of their industrial portfolio, which was somewhat dilutive for them. Because of this, he sees pretty flat growth across the board over the next couple of years. This one is viewed as a bond proxy with its long duration contracts. You only want to buy this if you believe there is an elongated cycle and interest rates are not going up anytime soon. He prefers other REITs.


Price:
$22.800
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2015-06-18 COMMENT Must be logged in to use chart IPL-T Inter Pipeline

He sees this growing at 12% over the next couple of years in EPS. Trading at around 24X 2016 estimates. They are developing their Cold Lake and Polaris which is good, but they haven’t announced any new connections in the last couple of quarters. That has been a bit of a negative for the stock. He would prefer Enbridge (ENB-T) and Pembina Pipeline (PPL-T).


Price:
$29.400
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2015-06-18 TOP PICK Must be logged in to use chart MFC-T Manulife Financial

Sees earnings growth of 18% over the next few years. He is seeing really nice growth coming from brisk sales in wealth management. Last quarter was up 97% year-over-year, Insurance was up 42%, Asia was up 15% and 45% of their earnings are coming from the US. This is a name that can benefit from a rising rate. Yield of 2.86%.


Price:
$23.790
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
Showing 1 to 15 of 611 entries
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