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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
2014-11-26 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. China is stimulating. They don’t want to see their economy fall. US is approaching what he would call Escape Velocity, where their economy is becoming self-perpetuating on its own. The only potential fly in the ointment is Europe. The German DAX is up 16% since Mario Draghi started making comments about buying sovereign bonds, etc., which is telling you that investors are pragmatic, maybe more so than certain elements of German policymakers. They realize that quantitative easing is unfortunately necessary for Europe. It is also a response to the fact that Europe by and large, is lower than it has been, so this is a stimulus for European exports. Unfortunately there has been a lot of wind come out of the energy sector, and has come out of the miners for years now. Money continues to go into certain select areas, so this is very much a stock pickers market.


Price:
$0.020
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
_N/A
2014-11-26 COMMENT Must be logged in to use chart AGF.B-T AGF Management (B)

They have enough money to pay their dividend. Their free cash flow ratio at the end of the last quarter was 97%. Have a whole lot of cash that they can use to fund the dividend for the next 7 years. If there is a market pullback in excess of 10%, he thinks they will cut their dividend. If you think markets are going to fall, he wouldn’t own, but if you think markets are going to go higher, you can buy this as a flyer, but not too much of it.


Price:
$10.190
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Yes
2014-11-26 PAST TOP PICK Must be logged in to use chart AGU-T Agrium

(A Top Pick Nov 15/13. 19.58%.) He sees 2017 EBITDA’s being 50% higher than 2013. They get this from cost-cutting, wholesale expansion and new products. This is a name that goes much higher, and you can Buy into this weakness, probably in the next few days.


Price:
$109.200
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Yes
2014-11-26 COMMENT Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

This has been one of his favourite stocks. He sees their free cash flow rising 30% compounded annually over the next couple of years. This is from new projects coming online and future rate base hikes. Sees them paying a sustainable 4% dividend, anchored by a 65% payout ratio. He models high dividend growth of 11% compounded annually. It still trades cheaper than its peers.


Price:
$9.540
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-26 DON'T BUY Must be logged in to use chart ATP-T Atlantic Power Corp.

Their merger and sale is off the table. They slashed their dividend to $0.12. He thinks that there is no way that they can do any developments and there is no free cash flow after the dividend. His call is that this should be a $2 stock.


Price:
$2.590
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-26 TOP PICK Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Likes this one 1 year out and for the next 5 years. Sees about 21% rising AFFO growth over the next couple of years from rising institution allocations to real assets, US economic momentum where they have 62% of their business and its robust asset management business with significant fundraising momentum. This is a bit of a call on rates staying low for longer. Yield of 1.28%.


Price:
$56.220
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Yes
2014-11-26 WAIT Must be logged in to use chart BNP-T Bonavista Energy Corp

This management deserves a lot of credit. They have made a lot of strides. A checkmark for organic execution that we saw in the last quarter. High production. Unfortunately, $75 WTI and $4 natural gas, their effective payout ratio goes to 154% and debt to cash flow goes to an uncomfortable 3.2%, and you don’t want to be above 3. Their cash flow per share growth falls next year by about 20%. He would wait and watch for crude to stabilize at least.


Price:
$10.490
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-26 COMMENT Must be logged in to use chart BTE-T Baytex Energy Corp

This was a very high growth rate stock. They bought Aurora in June that was going to be very accretive. The risk was that they took on more debt at the time of the transaction, and debt to cash flow went to about 2, which was fine if oil prices stay higher, but not good if oil prices do what they did. Their payout ratio, at $75 WTI and $3.50 natural gas he models at 160%, so that is not a safe dividend.


Price:
$29.750
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-26 PAST TOP PICK Must be logged in to use chart C-N CitiGroup

(A Top Pick Nov 15/13. Up 7.34%.) For US financials, he thinks the best is yet to come. They are cheap. They are levered to an improving global economy. Have the whole housing cycle in front of them. You want to own US financials.


Price:
$54.130
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Yes
2014-11-26 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

The Company expects their crude by rail traffic to stay strong. Given the upfront investment made by their customers, they see crude by rail as a viable long-term growth business. Most of their growth is coming from heavy producers, which are a little bit more insulated. Management is forecasting that the Keystone will go through and is included in their assumptions, so this is not seen as a big threat. Probably the bigger risk is if the macro were too slow or Europe to fall apart.


Price:
$83.750
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-26 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

A little bit better than its peers because it went into this oil price decline with a very healthy balance sheet, and are 30% hedged at $93 for 2015. Mechanically, the company is doing really well. Have been growing their production and have the Torque asset which continues to add inventory. However, at $75 oil, the payout ratio goes to 154% and their cash flow per share declined by 18% in 2015 over 2014. Not a low-risk story any more. He owns a little bit.


Price:
$34.000
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Yes
2014-11-26 BUY Must be logged in to use chart CRR.UN-T Crombie Real Estate Investment Trust

Likes this company. He sees it as a $14.75 stock in 12 months. Yield of almost 7%. Yield is becoming more sustainable at around 94% for 2015, versus 107% for the last 5 years. This has a defensive portfolio with grocery stores, yet growing nicely at about 4%, in line with retail peers. Pretty well positioned for future growth.


Price:
$12.990
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-26 BUY Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

Likes the demographic tailwinds. If rates are going to rise, you want to own a REIT with a low payout ratio, a high growth rate, improving leverage, organic growth and one that can focus on developments. This company displays all of this. It is also a potential takeover target.


Price:
$11.900
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-26 COMMENT Must be logged in to use chart CVE-T Cenovus Energy

Even with WTI as $75 and natural gas at $3.50, he still models a payout ratio of about 132%, 2015 estimates. This is not a safe dividend.


Price:
$27.020
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Unknown
2014-11-26 COMMENT Must be logged in to use chart ENB-T Enbridge

Probably the cleanest pipeline with the best rate of growth. Sees about 12% free cash flow growth for the next number of years. Moreover, they are trading at levels in line with their peers. Better assets and better earning visibility, but at peer average valuation.


Price:
$53.540
Subject:
CANADIAN LARGE & HEDGING
Bias:
CAUTIOUS
Owned:
Unknown
Showing 1 to 15 of 535 entries
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