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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 Symbol Company Opinion Price
2013-04-10 N/A A Commentary A Comment -- General Comments From an Expert

Markets. Thinks we should believe in the US bull market but should believe that it will go up at the rate it has been, without an air pocket. Starting to see cracks in the US employment report which suggest that the effects of the payroll tax holiday and the sequester may be starting to kick in. If we have a couple of more data points like that, and you combine that with the ongoing problems in Europe, there might be a bit of a stall at least to this bull market. He would be adding on weakness. Japan is becoming a more attractive place to invest right now if you can do it in a currency hedged way.

 Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
_N/A
2013-04-10 COMMENT ABX-T Barrick Gold

Feels gold got so crowded and everybody kind of drank the Kool-Aid so what you are seeing now is just a wreck in gold land. At some point these things become way over done and way oversold. For a “trade”, you could probably get this company and a lot of gold companies now.

 Price:
$24.810
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2013-04-10 BUY AP.UN-T Allied Properties REIT

Any particular REIT with great growth potential and the possibility of an increasing dividend? He is constructive on REITs. You are not going to get too many home runs from here but you are going to get nice singles. Good combination of dividends and capital appreciation. The one that he thinks looks best still is Allied Properties (AP.UN-T). Has a compund annual growth rate of almost 14% and will do it with really strong internal growth, acquisitions and refinancing debt. Sees continued dividend growth of 3%-5%.

 Price:
$33.140
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2013-04-10 BUY on WEAKNESS AX.UN-T Artis Real Estate Investment Trust

A value stock. Trading at about $14.50 compared to the group of about $16.50. Just landed an investment grade rating which gives them access to a lot more funding, which should help them boost their acquisitions. Have just increased their exposure to the US by about 30%. In place rents are about 30% below market.

 Price:
$16.350
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2013-04-10 BUY on WEAKNESS BAM.A-T Brookfield Asset Management (A)

Does the fact that this is a conglomerate affect how you would assess its value and prospects for growth? He has a NAV of $40 so it is trading at about an 8% discount. This company characterizes its future growth through what their NAV is. They say that over the next 9 years, there is going to be a big transfer away from bond yields and into real assets, which will drive their adjusted funds rate about 13% annualized over the next 9 years. There could be near-term weakness.

 Price:
$38.390
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2013-04-10 PAST TOP PICK BEP.UN-T Brookfield Renewable Energy

(A Top Pick June 21/12. Up 19.78%.) They continue to be a very good acquirer. He is adding to his position on weakness.

 Price:
$30.770
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2013-04-10 COMMENT BMO-T Bank of Montreal

Of all the banks, this is probably his least favourite because it has a relatively high PE and low relative profitability.

 Price:
$63.390
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2013-04-10 TOP PICK BTE-T Baytex Energy Corp

The opportunity here is that the discount for heavy oil producers has narrowed their differentials yet this company hasn’t responded. Probably because of concern of longer weather in the spring break up so production may suffer for Q1. Yield of 6.33%.

 Price:
$41.710
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2013-04-10 COMMENT CP-T Canadian Pacific Rail

(Sell or continue to Hold?) He sees a combination of 1) single digit top line growth for the next 3 years combined with 2) efficiency ratio falling in a big way which conspires for enormous shareholder growth. However, at 20X, it is really reflected in the stock. Thinks you could buy it here but feels there is better value in Canadian National (CNR-T). CNR is going to be more impacted by weather this quarter so it will probably be a better buy.

 Price:
$124.220
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2013-04-10 BUY CPG-T Crescent Point Energy Corp

Real risk to this stock is oil prices but right now they are doing well. This last quarter, they beat on production and cash flow and they are doing this with lower CapX. Growth was primarily due to acquisitions in 2012 but the market would rather see continued drilling success.

 Price:
$37.440
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2013-04-10 BUY on WEAKNESS CRR.UN-T Crombie Real Estate Investment Trust

This one is fair in terms of valuation. They are trying to expand their reach into other regions. Unlike a lot of other REITs that have quieted their spending for 2013, this company wants to keep growing by acquisition. Fair in terms of multiple. Nothing really spectacular about this one.

 Price:
$15.110
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2013-04-10 BUY CUS-T Canexus Corp

Thinks it got weak since guidance for Q1 was a little bit weaker however, they maintained their guidance for the whole year. Growth projects to be commissioned throughout 2013 supports the back end loaded guidance. As announcements come out on their 2013 growth, they should be catalysts for the stock. Dividend looks to be very stable at this point.

 Price:
$9.040
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2013-04-10 DON'T BUY ECA-T Encana Corp

Fears that people are going to go to this as a “go to” name for exposure to natural gas. It will probably go higher if natural gas continues to go higher, which he thinks it will. However, the problem with this company is credibility. They got out of oil at the wrong time. Then they got into natural gas liquids in a big way at a time when those prices were falling. Now they have really cut their production of natural gas liquids. There are better names. (See Top Picks.)

 Price:
$19.690
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2013-04-10 PAST TOP PICK GEI-T Gibson Energy

(A Top Pick June 21/12. Up 27.62%.) Trimming his positions. Still a great company but, post their Omni transaction that they did in the fall, the stock is now only about 40% infrastructure, which is what attracts the big market multiples. Has gotten ahead of itself.

 Price:
$25.730
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2013-04-10 BUY HR.UN-T H&R Real Estate Inv Trust

Will be rolling Primarus’ debt, which should be accretive to them by Q4. Their Bow property in Calgary has been in “earnings negative” and that should swing to a positive by the 3rd quarter. Trades at a discount to its peers. Becoming more cyclical now with Primarus’ portfolio.

 Price:
$23.630
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
Showing 1 to 15 of 239 entries
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