stockchase picture

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

Expert Index

List by First Name

List by Last Name

Jeff Young , Sr. VP & CIO

NexGen Financial

Address
36 Toronto Street
Suite 1070
Toronto, ON
M5C 3G9

Contact Info

Email:


Date Signal Chart Symbol Company Opinion Price
2013-12-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. US has had an incredible run and even Canada, outside of the base metals and gold, had a pretty good run as well. Sentiment numbers indicate investors are pretty bullish. Typically, when you get to that kind of an extreme, you are ripe for a near-term pullback but thinks it would be pretty shallow and short-lived. Conditions for stocks to go up are still pretty good. Global growth is continuing to improve. We have low interest rates and a commitment from central banks around the world to keep them low. There is nothing really threatening in the way of inflation. More defensive, lower volatility of cash flow and higher yielding stocks tend to be much more interest-rate sensitive and don’t have the growth opportunities. If you give up little bit in yield, you can often have companies that have much more economic sensitivity and ability to function in a growing economy. In Canada, there are still opportunities in the financial and energy sectors.


Price:
$0.020
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
_N/A
2013-12-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Utilities for it for a 5 year plus outlook? This is one of the most interest-rate sensitive sectors. From a short-term perspective, they could bounce because they have been hit so hard. Next week there is a fed meeting where there is a 50/50 chance of tapering. It will be interesting what comes out of the tapering as well as the markets reaction. People are more used to the idea now and the fed has gone long way to explain that there is a difference between tapering and tightening. You may actually see a relief rally in these types of stocks if they taper. Problem is going to be in the growth of utilities and he thinks that is going to be a challenge.


Price:
$0.020
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
_N/A
2013-12-13 COMMENT Must be logged in to use chart AGU-T Agrium

Potash pricing mechanism falling apart did not help the stock. However, this company has the advantage of potash being only a portion of their business. Have a big retail network they have built out as well as having all the other nutrients. Thinks this company will pay off over time. Clearly, potash is a question mark in the industry and there is more potash capacity coming. No near-term catalyst that he can point to at this time.


Price:
$94.840
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2013-12-13 COMMENT Must be logged in to use chart AX.UN-T Artis Real Estate Investment Trust

High quality diversified REIT with a pretty good yield of 7.5%. Suffered with all the REITs since spring. Question is going to be what the cash flow is worth to people. Thinks the dividend is sustainable. Growth is going to be harder to find than it has been in the last 2 years. Had been trading at very high multiples that allowed them to buy properties, bring them in and get a lift.


Price:
$14.280
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Unknown
2013-12-13 DON'T BUY Must be logged in to use chart BA-T Bell Aliant

A slow growth name. They are trying to build out their fibre to the home, which is very expensive to do. Have pension issues and need a lot of capital for the fibre to the home build out. Not particularly cheap. 7.1% dividend yield and doesn’t see a lot in the way of increases right now. Expect this would be very interest-rate sensitive.


Price:
$26.680
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2013-12-13 BUY Must be logged in to use chart BNP-T Bonavista Energy Corp

Has been buying at these prices. Definitely a higher risk. Has a higher yield. Balance sheet is at the high end of where he would like it to be. Good properties and good management team. The knock on the company is that there hasn’t been production per share growth but the asset base is there and it looks like they are focused on turning that around. Also, as gas prices firm up, it will benefit.


Price:
$13.640
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2013-12-13 TOP PICK Must be logged in to use chart CAE-T CAE Inc

(A Top Pick Nov 29/12. Up 32.87%.) Investment thesis is that the world needs more planes which is in a very strong cycle. They are the leaders in simulator training. Suffered lately because of pullbacks in military spending, especially in the US, but they are a more cost-effective way of training and people are starting to realize that. Also, acquired the world’s largest global pilot training business. Can see a secular tailwind to this. Fastest-growing airlines are the Asian ones, which have an outsourcing pilot training model. Dividend yield of 1.93%.


Price:
$12.560
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2013-12-13 COMMENT Must be logged in to use chart CCO-T Cameco Corporation

If you own, this is a tough one. Certainly they are a low cost producer of uranium, but the problem is around the demand side. There is a feeling that Japan is going to restart reactors and you hear about new reactors going to start in China and globally. On the supply side, you hear about the reduction in the Russian highly enriched uranium. All these things should point to a better uranium price but it has not. He is on the sideline until he sees some improvement in demand. If you own, he would probably continue to Hold as there is not much more downside in the near-term.


Price:
$22.090
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2013-12-13 COMMENT Must be logged in to use chart CIX-T CI Financial Corp

High quality company. Asset management is a good spot. Feels it has the ability to continue to take market share. The knock has always been that it is expensive. It will probably always be expensive because it is such a high-quality operation. You could make an argument for holding it here. If the market continues to do well, they will do well.


Price:
$34.010
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2013-12-13 SELL Must be logged in to use chart CNR-T Canadian National R.R.

Sold his holdings a long time ago, but obviously too early. Feels the valuation at 19X earnings is too high, and if you own, he would consider selling.


Price:
$58.100
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2013-12-13 BUY Must be logged in to use chart CPG-T Crescent Point Energy Corp

High-quality, light oil producer. Certainly one of the higher valued, but one that has delivered most consistently over time. Hasn’t recommended this one recently because it has had some issues around growing its production per share. Going forward, feels it will have some production per share growth in the next year. 6.8% dividend yield.


Price:
$40.320
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2013-12-13 PARTIAL BUY Must be logged in to use chart CWB-T Canadian Western Bank

Likes this bank. Had a pretty big run up since the last quarterly earnings so doesn’t know that he would jump into it right here. Well-positioned for the Canadian marketplace. The majority of their business is in the West, which is doing better. In commercial loans which is doing better than residential. Wait for it to come back a little bit, but if you don’t own, you could own half a position.


Price:
$38.150
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2013-12-13 HOLD Must be logged in to use chart DH-T Davis and Henderson

Had a decent run and thinks this will continue. Sold his holdings in the high $20s and then bought back in on a deal they did to buy Harlan Financial Services in the US. This opened up their US core technology position in US banking and broadened their reach in credit unions and US banks, allowing them to cross sell. Feels the stock is now priced for that to work and now they have to execute. 4.5% dividend.


Price:
$28.550
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2013-12-13 TOP PICK Must be logged in to use chart DII.B-T Dorel Industries

Didn’t have a great year. A lot of sales come out of the US and Europe. Times are still tough in Europe. Their recreation and leisure side, which has been doing quite well, suffered from a very wet spring. Re 2014, things continue to improve in Europe. Developed new products that are being well received, If there is normalization in the weather, bicycle sales should have much better year. Also, expanded into Brazil which offsets some of the seasonality. Dividend yield of 3.29%.


Price:
$38.680
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
2013-12-13 TOP PICK Must be logged in to use chart ECA-T Encana Corp

Have a new CEO and a new focus. Great properties that they are getting no value for because of miss-execution. Have narrowed down where they are going to put their capital into 5 specific areas. Increasing liquids, natural gas and oil components to get a higher value. Going to spend less to produce the same. A “show me” story. Yield of 1.54%.


Price:
$19.230
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 233 entries
First Previous 1 2 3 4 5 Next Last

No Comments.


You must be logged in to comment.