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

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John Zechner , Chairman

J. Zechner & Assoc

Date Signal Symbol Company Opinion Price
2013-02-01 N/A A Commentary A Comment -- General Comments From an Expert

Markets. When you look at equities as compared to bonds, they are still mispriced. Economic fundamentals are improving. Even European numbers are starting to get a little bit better. With all this, you could argue for a higher valuation market. Canada has not participated all that well. Resource stocks have lagged. Once there is a little more solidity to this advance, energy and metals should start to participate. He has shifted some of his financial monies to energy and even to golds and industrials.

 Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2013-02-01 TOP PICK ABX-T Barrick Gold

Have a big project that is going to go well over budget but thinks they are getting a little bit more logical about profitability going forward. Yield of 2.52%. Very cheap.

 Price:
$32.100
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-02-01 BUY on WEAKNESS BAC-N Bank of America

Was the top performing bank stock last year. Sold his holdings, but thinks there is more upside. Wouldn’t be surprised if the US bank stocks marked a little time here. This is a better way now to play the housing recovery rather than the homebuilders which everybody has been playing. He would buy it back at around $10.

 Price:
$11.710
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2013-02-01 BUY BB-T BlackBerry

Doesn’t think the difference between getting the phones out in February or March in the US is that big of an impact. Rolling it out in other global markets relatively quickly. Big question is, does it get the traction. You’ll have a refresh cycle and the first couple of quarters are going to look good no matter what. The BB10 business model is not as profitable because it is on the carriers rather than Blackberry’s own network so they lose all those fees. They have a lot of positives going for them. Too early to write this off.

 Price:
$13.010
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-02-01 BUY BBD.B-T Bombardier Inc (B)

When they pushed out the C series start from Dec/12 to June/13, the stock got hurt and dropped to the $3 level and that’s when he got in. Wouldn’t have a problem adding to it at this price. Would be more fairly valued at $5.50-$6 a year out.

 Price:
$3.990
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-02-01 DON'T BUY BRK.B-N Berkshire Hathaway Inc. (B)

Not his favourite stock. A little complicated in terms of how you value it and in the holdings of the asset. Not trading at a big discount to its NAV.

 Price:
$98.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2013-02-01 BUY C-N CitiGroup

When looking at the earnings going forward, it should get a 10 multiple and north of $5 in earnings. This should trade through $50. Thinks it is part of the recovery in the US banking sector and the housing sector as well. Still trading at a discount to Book Value.

 Price:
$43.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-02-01 HOLD CM-T Canadian Imperial Bank of Commerce

This one sticks out as really good value. Has had more robust earnings than he has seen in a couple of years. Costs are under control and they have decent US expansion. 4.5% dividend yield.

 Price:
$83.590
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2013-02-01 BUY CNQ-T Canadian Natural Rsrcs

Likes at this price. Been hurt recently by the heavy oil spread in Canada and the widening of the spreads. He expects this problem to disappear. If they don’t go ahead with the Keystone pipeline, there could be a rift in the stocks further out. Cheap.

 Price:
$30.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-02-01 DON'T BUY COH-N Coach Inc

Reported some decent numbers, but unfortunately they got dinged for not making it in North America numbers. Most of their profit came from Asia and Europe. Valuation had also got extended and it is not a cheap stock.

 Price:
$49.870
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2013-02-01 TOP PICK CPG-T Crescent Point Energy Corp

Did 3 equity raises last year which he thinks irritated the market a little but they are well capitalized now. Dividend yield of 7.15%. Have production in the Bakken area as well, which gives a higher valuation and better growth. Have been proven to deliver on production growth and acquisitions but haven’t turned this into a good move on the stock price. Thinks they are overdue.

 Price:
$38.800
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-02-01 BUY FB-Q Facebook

Likes it here. If you own Google (GOOG-Q), you almost have to own this as a hedge on the other side because, between the 2 of them, you are going to own the search market. Looking at the way they are starting to monetize effectively the wireless mobile operations, he feels they will be deriving profits here. Valuation is high but as long as they continue to deliver earnings growth, it will stay high.

 Price:
$29.730
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-02-01 BUY G-T Goldcorp Inc

Gold companies have failed to deliver on costs and production. Even though gold price has been rising, their profits have not matched up. Noticed more rhetoric coming out of these companies lately that they are going to focus more on profitability and get away from the higher cost projects. Feels this one has the best profile, best production growth of the seniors right now. (See Top Picks.)

 Price:
$35.520
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-02-01 COMMENT HCG-T Home Capital Group

Has been taking a little money off the table recently because it has finally had such a good move. Still relatively cheap at 8X forward earnings. There is the risk if the housing market slows but they still have a niche on the mortgage product side. They have picked up all the business that the banks have walked away from. In a different risk category.

 Price:
$60.590
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2013-02-01 WEAK BUY LRE-T Long Run Exploration

Not necessarily bullish on natural gas. Still thinks there is a big supply issue but feels this is the dark horse. Some transactions recently took place where production was sold in areas where they have production. When he looks at this, he gets a value that is almost double.

 Price:
$4.410
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
Showing 1 to 15 of 2,022 entries
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