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
2017-03-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. He has had to go far and wide to find decent equities. He has had analysts in China, Japan, the UK, throughout the US, all in the past month. Today it is tougher to find value. Valuations are fairly full. He is finding more value in the UK now than he has pre-BREXIT.


Price:
$0.020
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
_N/A
2017-03-15 PAST TOP PICK Must be logged in to use chart ALSN-N Allison Transmission Holdings

(A Top Pick April 20/16. Up 34%.) This tends to specialize on medium/heavy duty size automatic transmissions that go into things like school buses, refuse trucks, etc. This is a cash flow machine. It was very cheap a year ago and is still attractive, but not inexpensive. Still a great company.


Price:
$36.520
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-03-15 COMMENT Must be logged in to use chart BCE-T BCE Inc.

He would value this on a free cash flow basis, looking 1-2 years out. It has come off a little and free cash flow yield has gotten a little better. Management has done a great job. However, top line growth is only at about 1%. They have to spend a lot of money to continue to work on the network to stay competitive. Dividend yield of about 5%.


Price:
$57.570
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2017-03-15 PAST TOP PICK Must be logged in to use chart BIP.UN-T Brookfield Infrastucture Partners

(A Top Pick April 20/16. Up 45%.) He still likes this and still believes in the strategy and owns a good amount of it.


Price:
$48.660
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-03-15 COMMENT Must be logged in to use chart BMO-T Bank of Montreal

Bank of Montréal (BMO-T) or Manulife (MFC-T)? Doesn’t own either, and prefers some US banks, although many of them are no longer as attractive and he has had to reposition.


Price:
$101.240
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2017-03-15 COMMENT Must be logged in to use chart CAM-T (Dead) Canam Group Inc.

Structural steel. A very cyclical, and highly asset intensive in terms of what is needed in working capital. Make sure they have the balance sheet needed, because it is cyclical. A competitive business. They often have contracts that can either make them or break them.


Price:
$5.980
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2017-03-15 BUY Must be logged in to use chart CARA-T Cara Operations Ltd.

This has been a very interesting turnaround. They’ve done a great transition on costs, and have become better on marketing. There are some short-term challenges in terms of the economic environment, primarily in the West. It is very much a franchise model they are shifting towards that with many other banners. Generates solid cash flow. Not the cheapest stock, but you have to give management credit with what they have done. Reasonable value for what you are getting. Dividend yield of 1.5%.


Price:
$26.450
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-03-15 TOP PICK Must be logged in to use chart CASH CASH

He will always hold cash if he has a tough time finding value. His cash values are elevated today, and it is not uncommon for him to be north of 20% cash. When he finds opportunities, he will invest the money. Right now, stocks are not cheap and there is risk.


Price:
$0.010
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-03-15 COMMENT Must be logged in to use chart CCL.B-T CCL Industries (B)

An outstanding CEO who has created an enormous amount of value. Their core business of labels is outstanding. They generated outstanding returns. Keep in mind that some parts are cyclical and some parts are declining. It is really the core that matters. Over time they will be able to continue to improve margins across segments, and have healthy organic growth. Dividend yield of 0.8%.


Price:
$299.350
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-03-15 COMMENT Must be logged in to use chart CHR-T Chorus Aviation Inc

Hasn’t spent as much time looking at this, but there is a peer in Canada he would highlight, Cargojet (CJT-T). It’s a little different in that it is centred around cargo rather than people.


Price:
$7.330
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Unknown
2017-03-15 COMMENT Must be logged in to use chart CJT-T Cargojet Inc

A very well-run company and very dominant, because they basically have a lock on the Canadian market for time sensitive airfreight. They’ve been able to get more and more contracts, build on the network affect and reinvest in better capacity. Not as cheap as it was, but generates a healthy amount of cash flow, particularly as they get past the final plane refreshes. Dividend yield of 1.6%, which will grow.


Price:
$44.030
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Unknown
2017-03-15 COMMENT Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

Doesn’t own any Canadian bank. Every stock he owns has to be attractive on an absolute basis. If there were incredibly low values on the banks, he would be interested. Looking at them today, he does not think their price is at a point where he has a positive enough risk/return skew.


Price:
$117.900
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2017-03-15 COMMENT Must be logged in to use chart COST-Q Costco Wholesale

An outstanding business model. It is e-commerce resilient. The unit economics are very, very strong. A very durable moat type business. They make a ton of money on membership fees, and are about to increase them in July, which will be a nice earnings tailwind. However, it always comes back to what you want to pay for it. He is waiting for a better entry point. Dividend yield of about 1.1%.


Price:
$166.540
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2017-03-15 COMMENT Must be logged in to use chart MFC-T Manulife Financial

Bank of Montréal (BMO-T) or Manulife (MFC-T)? Doesn’t own either, and prefers some US banks, although many of them are no longer as attractive and he has had to reposition.


Price:
$24.490
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2017-03-15 COMMENT Must be logged in to use chart MRG.UN-T Morguard North American REIT

A vehicle for holding more stable properties. More of a yield play than Morguard Corp. He owns both. Over the long-term, Morguard Corp is the more attractive, because it is where fees accrue to, and also retains more capital instead of paying the bigger dividend. Because the shares of Morguard Corp trade at a meaningful discount to its fair value, they continue to buy back stock from time to time, which further accretes value per share.


Price:
$14.360
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
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