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

Viewing Expert

Stephen Groff , Principal & Portfolio Manager

Cambridge Global Asset Management


Date Signal Chart Symbol Company Opinion Price
2017-09-06 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Doesn’t believe this is a cheap stock market currently. He is holding cash and is very defensive. There is a lot of political noise, and is not something he spends an enormous amount of time on.


Price:
$0.020
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
_N/A
2017-09-06 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Auto parts maker with the best dividend? There are a number of suppliers in the 2%-3% dividend range, but this is a dangerous strategy. He would not seek out auto part suppliers based upon dividend yield. These are very cyclical, capital intensive businesses, and expecting them to provide a stable source of income without considering other factors, could be a little dangerous.


Price:
$0.020
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Unknown
2017-09-06 HOLD Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Royal Bank (RY-T), Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T) have been dropping. Why? Higher interest rates do help the banks, but on the flipside you have to be mindful of the people who are paying the interest payments. He doesn’t own any Canadian banks. With the risk/reward, there are better places to put money in Canada. Canadians have taken on too much debt. Believes the dividends are safe.


Price:
$0.020
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2017-09-06 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

US banks? Prior to the election, these were his largest holdings. They have enormous amounts of value given where they were trading. Post the election, interest rates moved higher and they became a very consensus Long and the shares revalued substantially. He sold the vast majority of his holdings. They’ve been pulling back and are getting more interesting today.


Price:
$0.020
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Unknown
2017-09-06 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

An index fund that represents the S&P 500 in Cdn or US dollars? You can buy these in various forms, and there are all types of passive products you can buy, that mimic the index. He is an active management firm, so this is not what he does. He would rather own the companies that he believes in rather than an index.


Price:
$0.020
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
_N/A
2017-09-06 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Telecom stocks? A typical reason to own these stocks are the dividends, and he doesn’t own any. Has nothing against the model, it is really just a function of valuation. He views all these companies as just free cash flow machines. Hasn’t got comfortable with the valuations. They are well-run.


Price:
$0.020
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2017-09-06 COMMENT Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

A gem of a business. They’ve a lot of ownership through various entities, but what gets him excited is the actual asset management business. Over time, that has been a huge creator of wealth. This is the top of the pyramid where the fees flow and where the insiders have the greatest financial stake. You always want to follow the money. Lately there have been concerns about particular properties and you have to be comfortable with that. He would like to get this a little cheaper.


Price:
$47.570
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Unknown
2017-09-06 PAST TOP PICK Must be logged in to use chart CASH CASH

(A Top Pick Sept 7/16.) This hasn’t been the best call. He is defensive by nature and his 1st and foremost goal over the long-term is to protect capital.


Price:
$0.010
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-09-06 COMMENT Must be logged in to use chart CCL.B-T CCL Industries (B)

A great company. You want to buy this when there are meaningful pullbacks and the underlying trends haven’t changed. They know what they are doing and they add a lot of value. They make smart, intelligent capital allocation decisions.


Price:
$56.930
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-09-06 COMMENT Must be logged in to use chart CJT-T Cargojet Inc

A very neat model in Canada. Their competitive position is very, very strong. However, part of the issue is that it is a business that had quite a bit of growth and very high embedded expectations. It takes a while for a company to grow into that. Over a long period, the stock has done quite well. He likes how they think about the business and are very well positioned to be able to add on incremental volumes at relatively low incremental costs, which gives a good drop-through into the business. It is very hard for someone to break into the business. Over time they are going to be able to generate quite a bit of cash as their fleet requirements wind down. Dividend yield of 1.6%.


Price:
$48.690
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Unknown
2017-09-06 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

An outstanding rail. Very well-run with a deep management bench. An excellent franchise in terms of where they touch on the coast. However, it is all about what you pay for a business. This is not cheap. There are other rails that are better value such as CSX Corp (CSX-Q), where expectations are not as high. They’ve had certain service issues and Hunter Harrison will truly enact the plan he has laid out and issues will be resolved. Dividend yield of 1.7%.


Price:
$99.220
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2017-09-06 COMMENT Must be logged in to use chart CP-T Canadian Pacific Rail

Feels this is better value than Canadian National (CNR-T). The management team is very, very good. They do an excellent job in fixing the business. Intermodal is an area of long-term growth in terms of pricing and volume, and he likes the business model. They have pricing power and an excellent network. They are very good at allocating capital. Dividend yield of about 1.2%.


Price:
$193.080
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Unknown
2017-09-06 TOP PICK Must be logged in to use chart FLR-N Fluor Corp.

A large E&C firm, very global in nature. For many years, their execution was very good. Has gotten more interested in this, because by being highly diversified, they can tackle the largest and most complicated projects globally. Their challenges are twofold. They are market driven. As an example, their mining backlog has fallen by over 90%. It is cyclical, and is much closer to the bottom that it is to the top. Secondly, they’ve made mistakes with some really shoddy execution in some areas. Dividend yield of 2.1%. (Analysts’ price target is $46.50.)


Price:
$38.620
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-09-06 COMMENT Must be logged in to use chart FTT-T Finning Int

Has a lot of respect for how management has turned the business around over the past number of years. Now there is more good news being priced into the business, and it is clear that it is past the worst. Now that this business bounces off the bottom, there are certain things that happen. Incremental margins are better, but free cash flow conversions actually are worse, because they now have to invest in net working capital to grow the business. He likes the company, and over the years they can do just fine, but it is not the risk/return that it was.


Price:
$27.940
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-09-06 COMMENT Must be logged in to use chart HD-N Home Depot

A very well-run company. We are many, many years into a residential recovery, but you have to understand that this is cyclical. Looking at the multiple you are paying, he is finding better opportunities in other parts of retail where there is a lot more concern around the business model. Prefers companies that are a little bit more out of favour. Looking a little expensive overall. 2.3% dividend yield.


Price:
$156.560
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Unknown
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