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

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Patrick Horan , Portfolio Manager

Agilith Capital Inc

Address
Victor Building
80 Richmond St W, Suite 203
Toronto, ON
M5H 2A4

Contact Info
Telephone: 416-915- 0284
Email:
Website: http://www.agilith.com

Bio:

Bottom-up investor


Date Signal Chart Symbol Company Opinion Price
2014-09-29 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  He is seeing buying opportunities now in small cap growth.  This is where the market has left behind these.  Some are 2012 stories and the market doesn’t want anything to do with them.  The industrial exporters should be benefiting from a weakening Canadian dollar.  Today he noticed the VIX spiking at 16-17.  Every time it hits the 200 week average it usually falls and this time it kept going and the markets rallied off it.  Thinks there are people that are off side and are willing to plug their nose and get in.  Seasonally this is the best time to be in stocks.  This is the best time to get in, typically.  After the first two weeks in October you usually get the best returns.  He sticks to Canada for small caps because he knows management teams better.  Investors still need to be careful this time of year.  If we do rally from here it will not be a repeat rally of what we saw from the beginning of the year.  We saw strong commodity prices and falling interest rates.  Interest rates have now bottomed and commodity prices have fallen so this is a different playbook.  He recommends non-commodity, industrials, technology and anything that benefits from a strong US dollar revenue base and a weak Canadian dollar expense base.  Stay away from consumer, and commodities in Canada.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
_N/A
2014-09-29 DON'T BUY Must be logged in to use chart AAPL-Q Apple

Double Dutch Irish tax scheme.  It allows them to shelter their revenues through Ireland.  If the worst came to the worst they might have to restructure.  He would not get too shaken out on the stock based on this.  His problem is that most of their business is the iPhone.  It is very fat for them.  He does not see them growing around the world from here.  He also sees competition from guys with razor thin margins.  Everything they are doing speaks for consumerism and not technology.  If they continue to raise their dividend the stock could still work.


Price:
$100.110
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Unknown
2014-09-29 PAST TOP PICK Must be logged in to use chart AMTD-N TD Ameritrade Holding

(Top Pick Oct 1/13, Up 30.04%) He is back into it.  It is one of the larger positions.  He got out last February and then got back in. 


Price:
$33.430
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Yes
2014-09-29 TOP PICK Must be logged in to use chart AVO-T Avigilon Corp

Still growing between 30-50% on the top line.  They have more organic growth than he usually sees in the Canadian space.  You are getting it really cheap here. 


Price:
$17.890
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Yes
2014-09-29 PAST TOP PICK Must be logged in to use chart BBD.B-T Bombardier Inc (B)

(Top Pick Oct 1/13, Down 20.55%) He got out in January.  It was when management pushed out the ‘C’ series again.  If you own it then stick with it because he is looking at buying it again.  Has a sense that there is clear sailing on the ‘C’ series from here.  Thinks the stock will have a multiple expansion when ‘C’ series is done.


Price:
$3.740
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
No
2014-09-29 DON'T BUY Must be logged in to use chart BNS-T Bank of Nova Scotia

He is not positive on Canadian banks in general and this one in particular.  The problem is that in Canada we went through a mild recession in 2008 and so the consumer has been on this wave of spending and a wealth effect to their portfolio.  The debt to income level is now about 160% and that is frightening.  You need to proceed with a lot of caution.  He prefers US banks.  40% of BNS is international, but it is more toward South America and emerging markets and he is not that positive on that space either.


Price:
$69.180
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
No
2014-09-29 BUY Must be logged in to use chart CAE-T CAE Inc

Likes it.  They have a very good business model that will work really well in the current environment.  Simulators.  There is a very good aerospace cycle going on.  This should propel them to do a lot better here.  It is a perfect setup here.  Management has a new sense of religion about returning capital to shareholders through dividends.  It is a good deal at these levels.  Hang in for a couple of years.


Price:
$13.360
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
No
2014-09-29 BUY Must be logged in to use chart CSCO-Q Cisco

Has been a company that has woken up to the fact that they are no longer a growth company.  They will grow in line with GDP growth.  They transformed the business model to a slower growth model so more cash comes to the surface. 


Price:
$25.120
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Unknown
2014-09-29 BUY Must be logged in to use chart DHX.B-T DHX Media

Management knows the space very well and are going around the broadcasters and getting advertising revenue.  Good business model and unique in Canada, capturing revenues outside of Canada.


Price:
$8.580
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Unknown
2014-09-29 BUY Must be logged in to use chart DIS-N Walt Disney

He has Comcast (CMCSA-O).  They are all good companies.  He likes DIS-N.  They suffer from ABC network a bit, but their position in live sports is fantastic.  DIS-N is a little richer in content than the other providers.


Price:
$88.830
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
No
2014-09-29 HOLD Must be logged in to use chart ETN-N Eaton Corp.

They are into heavy trucks.  It is a capital intensive space.  He would stick with it.  There are lots of good industrials in Canada, but in terms of US industrials it is a pretty good company. 


Price:
$64.690
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Unknown
2014-09-29 BUY Must be logged in to use chart GOOGL-Q Google

One of the better large cap tech companies you can own.  Very innovative suite of products.  Always thinking about trying to do something new.  The problem he sees is that search has been displaced by banners.  Social media has come on and moved into their space and taken advertising dollars away.  He likes their business model, but it may not be the go-go stock it once was.  You will get better than average growth and you are not paying a lot for it.


Price:
$587.810
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Unknown
2014-09-29 BUY Must be logged in to use chart GSK-N Glaxosmithkline PLC

He likes the space.  It is a growth industry and has been growing well.  You are starting to see new drug development.  Pharmas have their expenses under control.  If you have a couple of pharmas then stick with them.  This is a very good name.  XPH-N is an ETF in this space you could use instead.


Price:
$46.290
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
No
2014-09-29 TOP PICK Must be logged in to use chart IGM-T IGM Financial Inc.

Attractive 4.5% dividend yield.  Business model has fat margins.  It came from 20% overvalued to 5% undervalued.  There is concern there will be a dramatic change once they reformat their statements. 


Price:
$48.450
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Yes
2014-09-29 TOP PICK Must be logged in to use chart JPM-N JP Morgan Chase & Co

Positive M&A cycle, positive capital markets cycle.  Companies are trying to transform themselves through the investment banking side using high yield and equity markets to do it.  These guys are well placed to do it.  It is not very expensive.


Price:
$60.330
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Yes
Showing 1 to 15 of 228 entries
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