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

Viewing Expert

Greg Newman , Dir. & Assoc. Portfolio Management

Scotia Wealth Management


Date Signal Chart Symbol Company Opinion Price
2016-07-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian Markets. There are a lot of areas that are so cheap that they just can’t get out of their own way. There are a lot of good yield proxies, some of the REITs that are paying 7%-9%; some of the industrial companies with really good dividends will probably have some very good upside. Then there are those that are not cheap, but have very good dividends, and even better EPS growth. There is a lot of cash on the sidelines. This is a market that is likely to go higher.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
_N/A
2016-07-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Economy. We are in an environment where we are going to have low interest rates for quite some time. The Fed will raise rates every chance they can, but it still does not replace the fact that there is “central bank” buying out there, and we are in a deflationary world which will take some time.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
_N/A
2016-07-28 PAST TOP PICK Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

(A Top Pick Oct 2/15. Up 53.27%.) Emera instalment receipt (EMA.IR). This is something where you can put one 3rd down, get paid effectively 12% on a note. At that time, he thought we were heading into a tough macro as well as a tough time for the stock market. We are at a time right now where investors have to put down the other two thirds to get the whole play on it, but he is not interested in that. He recently got out of this.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
No
2016-07-28 BUY Must be logged in to use chart AFN-T Ag Growth International Inc

This has about an 83% payout ratio with a dividend yield of about 6%. They missed on their top line in Q1, but are guiding to a stronger 2nd half. The balance sheet is a little stretched at 3.7X net debt to EBITDA. Thinks this is one that you could own here. Dividend yield of 5.7%.


Price:
$42.250
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-07-28 PAST TOP PICK Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

(A Top Pick Oct 2/15. Up 34.65%.) This had been cheaper than its peers, but growing better. It also had FX tailwinds, because most of its business was in the US. Now it is slightly more expensive than its peers, but still growing at 22% annually over the next couple of years. Thinks it can grow its dividend 10% year-over-year.


Price:
$12.180
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2016-07-28 BUY Must be logged in to use chart ARE-T Aecon Group Inc

(Market Call Minute.) This has gone up very high, but still cheap relative to its five-year average. Thinks there is a lot more in the tank.


Price:
$17.630
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-07-28 HOLD Must be logged in to use chart AX.UN-T Artis Real Estate Investment Trust

Not the highest quality REIT, but he does like it here. 8% dividend yield and it is trading at a very reasonable valuation, 10.7X 2016. Payout ratio is at about 87%, and he sees that declining next year. 32% of its revenue stream is from the US. His problem is that it doesn’t have any growth rate over the next couple of years, due to the areas they are in.


Price:
$13.610
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-07-28 COMMENT Must be logged in to use chart BBD.B-T Bombardier Inc (B)

A name he hasn’t liked for many years, but “speculatively” he now likes it here. They are free cash flow negative for 2017 and 2018. A good management team. Have made some tough decisions that is already starting to bear fruit. They have liquidity out to 2018. If they get their “blue sky” guidance, this is a stock that could triple over the next 3 years if they execute. The real risk is the aerospace cycle.


Price:
$1.990
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-07-28 BUY Must be logged in to use chart CGX-T Cineplex Inc

This has diversified itself away from the film place. The box office is now only about 50% with concessions at about 30%, and they are getting into E-gaming, building out the rec room, digital signage. He sees them being able to earn 15% compounded annual growth rate over the next couple of years. Pretty expensive relative to its 5 year, but if we are in an environment of multiple expansion, this is a good one to own.


Price:
$50.700
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-07-28 COMMENT Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

This is the worst of the 5 big banks at this point. They just made a US acquisition and paid 17X, and it trades at around 11X. It is likely going to be dilutive. They are going to go from the best balance sheet, highest CET1 to the worst as a result, with no earnings per share growth for the next little bit. The stock is OK, but you can get a much better growth rate and a very similar valuation with one of the other banks. He would go Royal (RY-T) or Bank of Nova Scotia (BNS-T). (See Top Picks.)


Price:
$99.140
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-07-28 DON'T BUY Must be logged in to use chart CPX-T Capital Power

This is one where you are betting on what happens with their coal assets, and whether or not they are successful against the government. 190% payout ratio. He won’t buy this name right now because it is trading at 37X 2016 PE. Dividend yield of 7.5%.


Price:
$20.760
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
No
2016-07-28 HOLD Must be logged in to use chart DH-T DH Corporation

Just came out with earnings, which he didn’t think was that good. They are going to really have to prove itself with its US lending segment Laser Pro. He doesn’t expect to see colour on that until Q3. Has a really good dividend which is really well supported. Should have some good growth in their new fintech area GTBS. The growth, investors are looking for, is being held back by global financial institutions. This is a name you are going to want to pick away at.


Price:
$33.050
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-07-28 TOP PICK Must be logged in to use chart ENF-T Enbridge Income Fund Holdings

He sees a 9% EPS growth from Enbridge (ENB-T) drop downs over the next couple of years, and a 10% annual dividend growth each and every year for the next couple of years. This is cheap relative to its peers. Maybe you don’t want to Buy it here. If so, you can sell a Put to end up owning it at a lower price. Dividend yield of 5.85%.


Price:
$31.900
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2016-07-28 HOLD Must be logged in to use chart F-N Ford Motor

The company warned of a miss in results, but held up their guidance for 2016. The car companies are at exceptionally low multiples. This is a good company. Dividend yield of 4.7%.


Price:
$12.710
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-07-28 COMMENT Must be logged in to use chart GE-N General Electric

This is one of these companies that you have to own. It has had a big move, so wait for a down day in the market. In the meantime, write a Put at around $28-$29 between now and January, and you get paid $1-$2 a share, and hopefully you end up getting a hit.


Price:
$31.250
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
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