Viewing Expert Kash Pashootan | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Kash Pashootan , Sr. VP & Portfolio Manager

First Avenue Advisory, Raymond James


Date Signal Chart Symbol Company Opinion Price
2017-03-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. We are in such a choppy period that a week from now the market could be either up or down and people wouldn’t be that surprised. Given that there isn’t a real clear path of where the markets are going, you have to be nimble. It is important to have a little bit of cash. He recently added gold for the 1st time since December 2012, and has a 4% weighting in bullion, which provides him with some defence if there is a pullback. At the same time, he is still invested in high quality dividend paying equities. If the market goes up, his clients will be participating. If there is a correction, he is able to step in and do some selective buying. This is not an environment where you want to be sitting in 30%-40% cash. At the same time, it is a mistake to be overly bullish.


Price:
$0.020
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
_N/A
2017-03-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Advantage of a US DRIP program? The benefit of a DRIP program is that you don’t have to do much thinking. The dividend comes in and buys you more shares, without having commissions. The negative is that you don’t necessarily want to invest those dividends back into the same company. By not using a DRIP program, it allows you to be more tactical.


Price:
$0.020
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
_N/A
2017-03-14 TOP PICK Must be logged in to use chart AAPL-Q Apple

Although the stock has gone up considerably over 3-4 years, it is still not expensive, because the earnings growth has been there. Where can you buy a company that is trading at 15-16 times with the amount of cash on hand and this kind of a balance sheet. Dividend yield of 1.6%.  (Analysts’ price target is $145.)


Price:
$138.990
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2017-03-14 BUY Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

Thinks the 5% dividend is safe. You have to look past the dividend and at the fundamentals of the business. Their business is 50% generation and 50% distribution. On the generation side, they continue to reinvest. On the distribution side, they continue to grow their customer base.


Price:
$12.460
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2017-03-14 COMMENT Must be logged in to use chart BAC-N Bank of America

Rates are going up which is great for financials. The bad news is when you look at this over the last 52 weeks, it is up about 90%, so a lot of that is priced in. The big question is, how much of it is priced in. If you are light in US financials, this is one of the best ways to get exposure to rising rates. The interest margin will continue to skyrocket if interest rates stay where they are or continue to rise. Trading at about 15X, which is not cheap nor expensive. If buying at these levels with a 3-4 year hold, you will be fine. Dividend yield of 1.25%.


Price:
$25.320
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Unknown
2017-03-14 COMMENT Must be logged in to use chart BCE-T BCE Inc.

This is a yield play completely. If looking for share price appreciation, there are better places for that. A great anchor within a portfolio. One of the lowest beta stocks on the TSX. Dividend yield of about 5%.


Price:
$57.240
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2017-03-14 BUY Must be logged in to use chart BMO-T Bank of Montreal

You can’t build a portfolio without having Canadian banks in it. He likes what this bank is doing in the US. There is growth in the US and this bank is positioned to take advantage of it.


Price:
$102.490
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2017-03-14 BUY Must be logged in to use chart BNS-T Bank of Nova Scotia

This has global exposure, and is a good way to get exposure to global markets. In 2015, it was the worst performer amongst Canadian banks, and was tied with National Bank (NA-T) as the best performer in 2016. If you are thinking 5-10 years out, having this as part of your overall exposure to financials makes sense.


Price:
$79.030
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2017-03-14 PAST TOP PICK Must be logged in to use chart CASH CASH

(A Top Pick Jan 29/16.) He was at about 15% cash at that time, and is now at about 5% cash.


Price:
$0.010
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2017-03-14 DON'T BUY Must be logged in to use chart COH-N Coach Inc

This is gone through a respectable 1st round of recovery. They’ve renovated about 500 stores and are planning to renovate a couple of more. They’ve removed their products from about a quarter of the Department stores, and have reduced the number of promotions/sales which has helped their profit margins. These are entry-level luxury items, and people only buy 1 or 2 of them, unless they expand their offerings. They are not buying 4 or 5. Not sure where the growth is going to come from. Feels the easy money has already been made.


Price:
$38.970
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Unknown
2017-03-14 COMMENT Must be logged in to use chart COST-Q Costco Wholesale

One of the leaders in the low-cost space. Their margins run at about half of what their competitors do. That model only works if there is high turnover of your products. They have been successful in picking the right products, pricing them and moving them very quickly. The risk is, if you do get into a slowdown, there really isn’t any room to cut prices. They generate about 25% of revenue from membership fees, and with so many members, it is difficult to grow revenue. Membership fees are going up, which is a way to have that side of the business stay strong. Trading at about 29X Price to Earnings. For him, the dividend trajectory growth is not there, and trades too rich for him. Dividend yield of 1.1%.


Price:
$165.240
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
No
2017-03-14 HOLD Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

High-quality. Everyone understands the business and everyone understands age demographics. The service this company provides is going to continue to be in demand. What has helped them, is what he believes is hurting them at this point. Some of the names such as this have seen a real inflow of capital, so are trading at all-time high multiples. When there is a correction, it tends to be quite sharp. Too expensive at this time. Dividend yield of 3.8%.


Price:
$15.120
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
No
2017-03-14 PAST TOP PICK Must be logged in to use chart CSU-T Constellation Software Inc.

(A Top Pick Jan 29/16. Up 29%.) Focused in software and they have traditionally made acquisitions of smaller software companies. The challenge is that this is a $13 billion company, so they need to do 40-50 acquisitions yearly to really move the needle.


Price:
$651.540
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
No
2017-03-14 COMMENT Must be logged in to use chart DIN-N DineEquity

This owns Appleby’s and IHOP restaurants. They are fairly saturated in the US, and the growth opportunity is their expansion into some of the emerging-market countries, especially Mexico. Recently sold his holdings because he was tired of waiting for management to execute. The stock is cheap, and continues to get cheaper. He doesn’t like the selloff that it is experiencing, and doesn’t see any stability in sight. Wait for the freefall to end, or just take a half position. Dividend yield is close to 7%.


Price:
$55.500
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
No
2017-03-14 TOP PICK Must be logged in to use chart DSW-N DSW Inc

Shoe retailer. This is a challenging business. There is lots of competition and more and more online presence. This is a value play. On a valuation basis, this stock is cheap. They have been getting rid of the large store fronts that were 20,000-24,000 ft.² and are basically cutting them in half. Dividend yield of 4%, and they have an exceptional history of raising the dividend. (Analysts’ price target is $23.)


Price:
$20.010
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
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