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Compiling comments that experts make about stocks while on public TV.

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Darren Sissons , Managing Director

Portfolio Management Corp


Date Signal Chart Symbol Company Opinion Price
2014-07-25 COMMENT Must be logged in to use chart 13 - HK Hutchison Whampoa

A great company, but it hasn’t really done a whole lot since 2004. The only really bright spot is that they paid a substantial special dividend in 2013. Because Hong Kong realty rules are such that any export earnings outside of Hong Kong can be effectively repatriated tax-free, a lot of companies are housed there that have operations outside of Hong Kong. Doesn’t think the growth is actually showing up in the numbers.


Price:
$0.000
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
No
2014-07-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. He is a Value Investor so is having some trouble finding value in this market. Asia is really the only place where there is value and he probably has allocation for only one more Asian stock. The US, given 1% growth, is very expensive. Europe has recovered and valuations are somewhat ahead of themselves. Feels the China slowdown story is a little overdone. Starting to see some come back on the currencies in Europe, and if that happens, there might be some opportunities in Europe as well. In Canada, oil prices are high, and obviously a lot of the energy companies have picked up and done quite well this year. However, there is still the delivery problem. How do you get the oil from the middle of Canada out to the West Coast? Rail is a challenge and there isn’t a pipeline. Although values have risen on the back of higher prices, he still wonders if those values are sustainable. As interest rates start to move north, that will be a change for a lot of sectors.


Price:
$0.020
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
_N/A
2014-07-25 TOP PICK Must be logged in to use chart AFG-N American Financial Group Inc.

Slow and steady. Not a sexy company. They insure horses, speedboats, commercial car fleets. Because they dominate small niches, they just tend to slowly move along and slowly increase the dividend. Good corporate governance and good risk management.


Price:
$58.020
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-07-25 TOP PICK Must be logged in to use chart BKU-N BankUnited, Inc

(A Top Pick July 25/13. Up 10.77%.) This is post the global financial crisis and a bank that was effectively re-launched. Q1 capital ratio was around 30%. Exposed to the Florida and US market. Interest rates will take this higher and will be a tuck-in candidate at some point.


Price:
$32.280
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-07-25 BUY Must be logged in to use chart BN-FP Danone

Ran into a few sharp objects. Got embroiled in China regarding a product. Also, had some operational issues in Europe. Great company and is exposed to some decent markets.


Price:
$0.010
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-07-25 DON'T BUY Must be logged in to use chart BRFS-N BRF Brasil Foods SA

What worries him is that commodity companies in general tend to be highly cyclical. Things that will affect the sector is the grain trade that is starting to unwind in the US and will bring down input costs as well as issues around safety. Good company, but it’s not something that really excites him. You buy a commodity story when it is really weak and buy it on the recovery.


Price:
$25.760
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-07-25 COMMENT Must be logged in to use chart FB-Q Facebook

Twitter (TWTR-N) or Facebook (FB-Q)? All of these properties have not really demonstrated how to make sustainable money. His sense is that this one will ultimately be acquired by someone and will have to come up with an engine of sustainable growth. Feels that Twitter has value. It’s a community, but how do you monetize a community? This is not a long-term hold. Here today and gone tomorrow.


Price:
$75.190
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
No
2014-07-25 COMMENT Must be logged in to use chart FRC-N First Republic Bank

He favours the regional banks right now, because from a regulatory point of view, the glare from Washington is directly on the money centered banks. That’s a negative pressure which is actually bringing down the earnings. This is not a bad bank, but he favours others. 


Price:
$47.320
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
No
2014-07-25 PAST TOP PICK Must be logged in to use chart FSF-NZ Fonterra Cooperatives Group Ltd

(A Top Pick July 25/13. Down 14.88%.) There were 2 shareholder classes and the company paid the dominating share class a substantial increase in earnings, but cut the dividend for the other class of shareholders by 70%. Soon as that happened, he dropped his holdings.


Price:
$0.000
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
No
2014-07-25 PAST TOP PICK Must be logged in to use chart HSBA-LSE HSBC Holdings

(A Top Pick July 25/13. Down 10.76%.) Earnings are 50% Europe and 50% Hong Kong. This is a “show me” story around the interest rate movement. When there is an interest-rate hike, you will see the stock.


Price:
$0.000
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-07-25 COMMENT Must be logged in to use chart IRE-N Bank of Ireland (Gov & Co)

The issue with the banking sector is that the damaged ones needed to be re-capitalized with fresh capital. This one got real capital put into it and the Irish economy is starting to grow quite well. Doesn’t think this is for his clients, but there is definitely upside here. As interest rates climb to higher levels, this will be driven to higher levels also. There has been a definite drop in relative performance because they sold off assets. A decent bank and a good option to look at.


Price:
$14.500
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
No
2014-07-25 TOP PICK Must be logged in to use chart KEP-SP Keppel Corp Ltd.

The leader in the offshore oil rig market. The current big driver is going to be the ultra-deepwater market. Have a $14 billion backlog that gives them visibility up to 2019. Have increased the dividend for 23 consecutive years. Also, have a small property business that builds apartments across Southeast Asia. Good balance sheet and very good management.


Price:
$0.000
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-07-25 DON'T BUY Must be logged in to use chart KKR-N KKR & Co. LP

The issue he has is that the public has been lured into a sense that these are steady growth stories. The 2% income that comes from managing money will be steady and will cause these businesses to appreciate over time. The 2% money is locked up for only 12 years and thereafter they have to continue to raise capital. If the funds have not performed, the capital will fall off the docks and the 2% income stream will be impaired. On the 20% profit sharing, first the house has to be paid. High-quality company and best in breed in terms of the buyout funds but he wouldn’t own it. Be careful.


Price:
$24.780
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
No
2014-07-25 BUY Must be logged in to use chart LYG-N Lloyds TSB Group PLC

There was such a huge run-up last year for the European banks, on expectations they were going to do exactly what the US banks had done. However, there is a timing difference. The US went into the abyss earlier and its banks were re-capitalized earlier. Next was the UK. Feels the European trade got a little ahead of itself. The fundamental driver is going to be higher interest rates. As we start to see higher interest rates, there will be a catalyst for the whole banking sector. It will start in the US and then we transition to the UK. When that happens, the banks will start to move substantially higher. This bank needs to introduce a dividend that will give it some foundation.


Price:
$5.170
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-07-25 COMMENT Must be logged in to use chart MDT-N Medtronic Inc

Used to be a dividend aristocrat in that it paid an increasing dividend every single year, for a long period of time. Good balance sheet, leveraged to the tool market in the medical space. Somewhat slower growth during the recession. They are acquiring Covidien (COV-N) and will re-base in Ireland giving them lower taxes. This will accelerate their growth. Longer-term, if you buy the story, you’ll be okay, but it is a multi-year story. A slow growth story.


Price:
$62.900
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Unknown
Showing 1 to 15 of 456 entries
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