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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
2014-09-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. There was a sigh of relief from Scotland last night, the European markets were up, emerging markets were up, the US wasn’t too bad, but he thinks international investors just headed for the exits because of the high US$, which means lower commodity prices. However, there was also weakness in the banks, healthcare, consumer staples, which tells him it was a “risk off” trade that was unique to Canada today. Their real culprit of today’s move is that Europe is weak. This means the euro has to come down, which means the US$ is probably going higher, which will continue to pressure commodities. He is expecting more volatility. We are still in a Bull market, but there is more noise.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
_N/A
2014-09-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Which Canadian bank would you recommend? Likes Bank of Nova Scotia (BNS-T) for its properties and international exposure. Has paused here a little. Capital levels are really good and they can make accretive acquisitions. The Royal (RY-T) is still sensitive to the market that we are in. Toronto Dominion (TD-T) is good. Commerce’s (CM-T) growth rate isn’t as good but they have really good capital ratios so they can make accretive acquisitions. Likes the whole banking group. A good place to put money.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
_N/A
2014-09-19 PAST TOP PICK Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

(A Past Pick Oct 2/13. Up 45.38%.) He is restricted and can’t make any comments at this time.


Price:
$8.980
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-09-19 BUY Must be logged in to use chart BNP-T Bonavista Energy Corp

Trades at a discount to its peers, yet it has had some pretty good cash flow growth. Has a more focused asset concentration than it had as well as lower operating costs. Sees the payout ratio coming down. He models 122% for 2015, which is better than it was. Challenge here is lower natural gas prices.


Price:
$12.920
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2014-09-19 TOP PICK Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

Thinks the market is really ignoring that this company gets a lot of their effective pricing from Western Canada Select, which really hasn’t changed much. Differentials have narrowed, so the “spread under” has gone up. Thinks that on this next quarter, as long as oil doesn’t drop another $10, this should be a nice little earnings release. Ultimately they expect to have $5.5-$6.5 billion of free cash flow by 2018.


Price:
$44.070
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-09-19 BUY on WEAKNESS Must be logged in to use chart CP-T Canadian Pacific Rail

Stock has gotten a little bit ahead of itself. Transports have been great on lower oil prices. He sees $8.90 per share in earnings for 2014 and sees it going to $16.10 in 2017, but based on his 7%-8% revenue growth assumptions and the OR continuing to fall. If these targets are right, this should be a $300 stock in 2016.


Price:
$226.270
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2014-09-19 BUY on WEAKNESS Must be logged in to use chart CVE-T Cenovus Energy

Thinks there is good long term value in this stock but their “steam to oil” ratio has been moving higher, which is not good. Expects this to peak in Q3 and fall to more normalized levels, which should help the stock. Ultimately he would be using weakness to be buying. Good balance sheet and debt to cash flow at about 1 times. Trades in line with its peers. Nice safe dividend.


Price:
$31.410
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2014-09-19 BUY Must be logged in to use chart D.UN-T Dream Office REIT

Likes at this level. Pays an 8% distribution. Trading at about a 15% discount is estimated NAV. Payout ratio looks fine. Trending down at about 92%. Thinks that improved office market sentiment may be 6-9 months away.


Price:
$27.960
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-09-19 BUY on WEAKNESS Must be logged in to use chart ECI-T EnerCare Inc

Company bought some accretive assets which he viewed as favourable. He can see them growing their EBITDA’s by 31% between now and 2015. Also sees their payout ratio coming down to 85% this year, 71% next year and 65% in 2016. He likes it and has been buying. Trades at a slight premium to the group, but given the less cyclical nature of their business, it should trade at a premium. Buy on an off day.


Price:
$13.630
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-09-19 COMMENT Must be logged in to use chart ENB-T Enbridge

This is going to be impacted if yields go a lot higher The move has been really big. Trading at around 7% its 2015 estimated pre-cash yield. This is in line with TransCanad Pipeline (TRP-T). However it has 11%-12% earnings growth for years out. His target is $70.


Price:
$56.480
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2014-09-19 PAST TOP PICK Must be logged in to use chart ERF-T Enerplus Corp

(A Past Pick Oct 2/13. up 24.7%.) Just suspended the stock dividend program today. It was a sweetener.  Management has said this is going to help build shareholder value longer term, which he agrees with. It is going to alienate some shareholders. Sold half his position when the stock was around $26 and has now just sold the rest on the news. Expects more downside, but will probably go back in.


Price:
$20.390
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
No
2014-09-19 BUY on WEAKNESS Must be logged in to use chart FTT-T Finning Int

Equipment makers aren’t the best place to be right now. However he still sees nice EBITDA growth of about 7% and he gets this from a little bit of revenue growth of about 5.5%, but really from improving operations and better margins. Sees their balance sheet strengthening quite a bit and sees their dividend growing nicely over the next couple of years, maybe about 13%. A good quality name. Buy on a pullback.


Price:
$32.360
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2014-09-19 TOP PICK Must be logged in to use chart HBC-T Hudson Bay Co.

Sees this as a way for Canadian investors to benefit from improving US retail. 63% of their business mix is now levered to the US through Saks, Lord & Taylor and Off Fifth. He is modelling 43% revenue growth from merger synergies and higher margins over the next couple of years. The kicker here is that management has said they are going to do something with their real estate between now and next spring. There is a good chance of a growing retailer that is trading at a good level on a PEG ratio basis along with the real estate upside.


Price:
$15.250
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-09-19 BUY Must be logged in to use chart HR.UN-T H&R Real Estate Inv Trust

This is a bit of a bond proxy. A bit of a yield play because they have maturities on their rents that are so far out. Sees the nice 6% dividend supported by an 89% estimated 2015 payout ratio. Reasonable growth of 3.6%. 98% occupancy.


Price:
$21.630
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2014-09-19 TOP PICK Must be logged in to use chart IFC-T Intact Financial

Property and casualty. Steady Eddie 46% earnings per share growth. This is a fragmented market and future acquisitions serve as embedded catalysts. If they can make an accretive acquisition, investors in the next 12 months will benefit.


Price:
$72.380
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 481 entries
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