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

Viewing Expert

John Zechner , Chairman

J. Zechner & Assoc


Date Signal Chart Symbol Company Opinion Price
2016-04-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. He is more of an active trading oriented manager, and this is the kind of market that he likes. He came into the year fairly heavy net Short the market worried, and then it sold off pretty dramatically and he jumped back in pretty aggressively in late January, and then was sort of selling again into the end of March. Worries about the overdependence we have on the large banks, like the dovish comments from Janet Yellin last week. Thinks there would be greater confidence in the economy if they started to normalize rates more. Economic growth is slowing down a little and earnings have peaked and are rolling over a little. Valuations are back to the high end of the range. He has checked back and took some profits, and raised his cash position. Everybody seems to be in the bearish camp, and he hates to be on the same side as everybody else. Still worries about China, not the growth, but their banking system.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
_N/A
2016-04-04 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Energy. Has gone from Long to Short on oil. Oil is rallying, but it is hard to buy in the short term. There is going to be no production agreement from OPEC.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Unknown
2016-04-04 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Favourite Canadian bank for income? For income this is the time to look at these. You are fighting some US short selling, who think we are into a repeat of what they went through in 2007, but he doesn’t think that is happening. Canadian banks give you better diversification. Loan books are so much stronger than in the past. National Bank (NA-T) sticks out as being really cheap. Also, likes Bank of Nova Scotia (BNS-T) for the International play. The whole banking sector looks interesting to him. The valuation on the Royal (RY-T) is higher, so he would prefer others.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Unknown
2016-04-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Why has natural gas gone up from $1.60 to $2.03 lately? This could be called a bit of a trading bounce off extremely low levels, because of the US$ starting to roll over. All commodities are basically tied to the US$. It is hard to get excited about natural gas which has an excess of supply.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
_N/A
2016-04-04 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold? Keep 5% in a portfolio? He averages in the range of 3%-5% in gold related stocks. Right now it is at the low end. The bigger call is getting the US$ right. Thinks the Fed will eventually start raising rates, and the US$ will firm again, which will be a bit of a risk for gold. However, it is a good to have a bit of a hedge in your portfolio. He stays away from political risks, so would stay with domestic assets, and single mine companies, maybe in the mid-size, and has some production growth with the possibility of being taken out. 2 of the big ones in this category are Detour Gold (DGC-T) and Kirkland Lake Gold (KGI-T).


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Unknown
2016-04-04 BUY Must be logged in to use chart AAPL-Q Apple

Still one of the great stocks out there. A device company, but if it was the only device company going forward, then there would be a lot to worry about. They are building such a strong ecosystem of IOS software to become independent, and that is the future of this company. If you take out the cash, it is trading at about 9X earnings, making it exceptionally cheap for one of the greatest growth companies over the past few decades.


Price:
$111.120
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2016-04-04 COMMENT Must be logged in to use chart BAC-N Bank of America

Hold on until July? This is a four-month call on financials in the face of a period where the federal reserve has gotten more dovish about interest rates. He feels more comfortable in saying “Buying this bank in this range will make you money over the next couple of years”.


Price:
$13.510
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Unknown
2016-04-04 COMMENT Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Has dropped recently. There was an article in Barron’s on the weekend that was questioning their accounting. This has always been more asset based accounting in valuation, and the earnings are the value of your assets, as opposed to cash generation. He prefers cash generation. He is not comfortable with their growth.


Price:
$42.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Unknown
2016-04-04 COMMENT Must be logged in to use chart BTO-T B2Gold Corp.

(Market Call Minute.) Probably one of the better gold operators out there. The jurisdiction of their assets worries him a little as well as the cash generation.


Price:
$2.120
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2016-04-04 COMMENT Must be logged in to use chart C-N CitiGroup

Likes US banks. Have underperformed this year. He doesn’t worry so much about the downside. Disappointment for them has been the lack of increases in interest rates. Loan growth has been slow, but with valuations and discount to BV, and starting to bring dividends back in, he thinks we have seen the worse of the financial crisis. This one has great international exposure and have done a good job of bringing down costs.


Price:
$42.060
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Unknown
2016-04-04 PAST TOP PICK Must be logged in to use chart CCT-T (Dead) Catamaran Corp

(A Top Pick March 9/15. Up 31.7%.) (Now part of UnitedHealth.)


Price:
$80.180
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2016-04-04 COMMENT Must be logged in to use chart CJR.B-T Corus Entertainment (B)

Would have a hard time calling this a Buy. The stock has come down a long way. It has really underperformed in the past couple of years. Did a very interesting acquisition of Shaw’s assets. When they did their financing at $9, that was an attractive time to buy. Looks like the earnings growth is pretty stagnant over the next couple of years. The multiple is low. They have a pretty big debt component. Dividend is okay, but there is not much room for error. There are still pressures in the industry and is changing pretty dramatically, and moving away from this company’s prime property.


Price:
$11.920
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Unknown
2016-04-04 COMMENT Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

Had owned this last year, and conceptually had liked where they were placed because of aging population. Did a great sale of their US assets. He has trouble with the valuation, where it is basically trading at 14-15X operating cash flow. A lot of that is based on capitalization rates they use in real estate. Because interest rates are low, capitalization rates are low. Wouldn’t worry about the safety of the payout, but to him, it is a high valuation. He would rather take more of a gamble and buy some of the distressed players like Artis Real Estate Investment Trust (AX.UN-T) that has a 9% yield. This one has a dividend yield of 3.9%.


Price:
$14.170
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2016-04-04 TOP PICK Must be logged in to use chart CXR-T Concordia Healthcare

It is almost like you are getting the Valeant (VRX-T) valuation, without the mess. It is going at basically 3 to 4 times earnings, with an enterprise value at about 7 times. They have the big debt at about 5.5X debt to EBITDA, which is a risk, but the acquisition they did is doing better than expected. Thinks they will generate enough cash flow to be able to start paying down debt. Dividend yield of 1.16%.


Price:
$33.680
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2016-04-04 PAST TOP PICK Must be logged in to use chart DGC-T Detour Gold

(A Top Pick March 9/15. Up 115.14%.) Likes the gold sector. This one is Canadian, low cost, and growing production. He sold his holdings.


Price:
$20.490
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
Showing 1 to 15 of 2,640 entries
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