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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
2014-03-20 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Fed just announced at the end of Q4 that US household wealth is now at $80 trillion, which exceeds the old high in 2007 Q2 of around $68 trillion. This is a Fed that still, very much, has your back as an investor. Europe continues to get off the ground. China is still growing, maybe not as much. With investors being so pensive and willing to flee at the first sign, this is still a very healthy signal that this market still has a ways to go. Valuations are becoming a bit of a problem and things are more expensive than they were previously, but there are plenty of places for new investments if you look for them. He like companies that are cheap relative to their peers and companies that are more likely to boost dividends. Feels the oil/gas space in Canada is pretty compelling.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
_N/A
2014-03-20 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Hedging. The best way to hedge a portfolio is to first do it before you need to hedge, i.e., have all the facilities in place. Have the ability and understanding to sell Covered Calls and Buy Puts if you need to. If you have a large portfolio, have a futures facility in place where you can just strip out beta if you need to. For example, if the world is going down the tube, you would start with the most liquid name with the S&P futures and you would go opposite. The other way for most people is to just have good asset allocation. Be diversified, have your bond, have dividend stocks. If markets go down, collect the dividend and interest and use it to buy more when nobody wants to.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
_N/A
2014-03-20 COMMENT Must be logged in to use chart ATP-T Atlantic Power Corp.

Just did a restructuring that benefits the bondholders but at the expense of the equity holders. Given all the restrictive covenants now, it will be very, very hard to grow their assets from here to create any sort of shareholder value. Right now he thinks the business is actually worth $2. If you own, consider selling.


Price:
$3.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
No
2014-03-20 TOP PICK Must be logged in to use chart BAC-N Bank of America

Will find out next week if they will be able to boost their dividends. If they don’t get to do it this time, it is coming eventually. In the meantime, you can Buy this at just over 1.25% tangible Book Value. This is a play on the US housing market which, if it is not recovery now, it is going to recover soon. US economy is normalizing. Strong investment banking, very good expense control, good loan growth last quarter, great deposit growth and good execution of their Merrill Lynch asset.


Price:
$17.920
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2014-03-20 DON'T BUY Must be logged in to use chart BMO-T Bank of Montreal

A falling Cdn$ should help Canadian banks because they have assets in the US. Also, it is stimulative to the economy. This is a great bank stock. Just lowered their basil 3 by about 56 basis points last quarter, which means capital deployment is going to be harder to do, probably for the next year. Trading at a slightly higher valuation than others.


Price:
$72.900
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2014-03-20 TOP PICK Must be logged in to use chart BTE-T Baytex Energy Corp

(A Top Pick April 10/13. Up 11.85%.) Just made a deal to acquire Aurora (AEF-T) and he thinks there was value there before this. Feels this is a transformative deal for them. He boosted his target price from $50 to $57.50. Sees their cash flow growing now at 13.5% for each of the next 2 years if the deal closes. Company will be a lot more diversified going from 75% heavy oil to 53%. Also, their production base almost rises by about 50%. Balance sheet was very clean before the deal. Not quite as clean now, but still very reasonable.


Price:
$43.950
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2014-03-20 BUY on WEAKNESS Must be logged in to use chart C-N CitiGroup

Would buy this on any discernible pullback. This is a name that is going higher over time.


Price:
$50.220
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2014-03-20 BUY on WEAKNESS Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

Earnings per share were up 9% year-over-year. Bumped their dividend. Expect there will be a stock split pretty soon. The only thing holding them back from this right now is that Aeroplan might come back to bite them a bit.


Price:
$96.260
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2014-03-20 HOLD Must be logged in to use chart CPG-T Crescent Point Energy Corp

A range bound stock and a lot of people talk about it extolling its virtues. Great balance sheet, high net backs, exposure to a top ranked plays. Why can’t it get out of its own way? Shareholders are still getting used to the fact that this used to be a monster grower. Looking at how much its production grew over the last 4 years, it was up about 28%. For the next 2 years, he sees production growth only being about 6%-7%. While not so bad, when you net out the DRIP, cash flow per share growth is only about 3%. Payout ratio is average at about 130%. Just boosted their outlook on their latest quarter, but did that by assuming a lower Cdn$ and higher oil prices, so it wasn’t organically driven. Try to get it at around $38-$39.


Price:
$40.430
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2014-03-20 BUY Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

One of the names he would be buying in the REIT sector. Stumbled a little with occupancy, but are already taking initiatives to meet that. Have been selling non-core assets, which is making their balance sheet better. Growing at about 8.5% compounded annually versus the REITs at around 5%. Trading below a multiple market valuation of 13.9% versus the REITs at around 14.2%.


Price:
$10.300
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2014-03-20 COMMENT Must be logged in to use chart CUS-T Canexus Corp

Had a $90 million cost overrun and news that the CEO is departing had people fearing that they may be going to cut the dividend. That turned out not to be with their earnings that just came out. Stock popped a little bit, but not that much. Payout ratio is high at 139% for 2013 but he sees it going down 106% on 2014 if they execute and if they contract 100% of the NATO development and it adds to the EBITDA. For risk adjusted portfolios, you can Buy this.


Price:
$5.000
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2014-03-20 DON'T BUY Must be logged in to use chart CVE-T Cenovus Energy

A lot of issues with this. In Q4 they upped their dividend 10%. Great balance sheet. Valuation is reasonable relative to the group. What he doesn’t like is that it has pretty sluggish production growth for the next couple of years. Continue to have operational challenges at Foster Creek. The steam to oil ratio is stubbornly high.


Price:
$29.960
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2014-03-20 BUY Must be logged in to use chart FTS-T Fortis Inc.

A company that hasn’t really grown for a lot of years and, as a result, it is trading at a cheaper multiple. Trading at around 15X and he thinks it should trade at around 18X given where bond yields are. Sees a lot of organic growth coming over the next year and over the next 5 years he sees 6.5 billion. Thinks they can grow their earnings by about 8.5% between now and 2015. Sees a lot of growth potential in 2015 in BC with LNG and in Alberta with expansions. Feels the dividend is safe.


Price:
$31.200
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2014-03-20 BUY Must be logged in to use chart HSE-T Husky Energy

This is going higher. Had earnings growth of around 7% for the next couple of years. The Juan (?) will have its 1st production this quarter. Sunrise is scheduled to happen at the end of this year. Sold 1 million barrels of production to India from their offshore oil field. Thinks this is a sign of things to come that there is going to be more offshore sales when the pipelines get built. Trading at a reasonable valuation. Dividend is good. Has a target of $38 on it.


Price:
$32.570
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2014-03-20 BUY on WEAKNESS Must be logged in to use chart NBD-T Norbord Inc.

The fortunes of this company really come down to OSB prices which have been falling for about a year. The reply response from producers has been big. Supplies are up 12% year-over-year. Sees housing starts for 2014 and 2015 up 20%. If so, housing demand should eventually outstrip OSB supplies. Dividend should be fine but if he is wrong about his assumptions, the dividend might be challenged and could be cut. Feels US housing has several good years ahead of it, which will be good for OSB.


Price:
$29.570
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
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