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

Viewing Expert

David Baskin , President

Baskin Wealth Management

Contact Info

Website: http://www.baskinfinancial.com/main/

Bio:

Following his early career as a lawyer and banker, David founded Baskin Financial Services Inc. in 1992. The firm, now operating as Baskin Wealth Management, has grown from assets under management of $25 million in 2000 to over $700 million today, with about 500 client families in seven provinces. David appears frequently on national television and radio as a commentator on the markets and is frequently quoted in the press. An enthusiastic sailor and traveller, David and his wife Joan Garson have two adult children. All are actively involved in community and charitable activities. 

Date Signal Chart Symbol Company Opinion Price
2016-07-07 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

BREXIT. His guess is that the UK is not going to leave the EU. The political chaos is quite overwhelming. There is no prime minister, the leader of the Labour Party is beleaguered. 80% of his caucus wants him to go. Somebody has to introduce legislation in Parliament, usually that is the government. He would say that the betting people feel the next prime minister is a “remainder”, not a “leaver”, and she will not be wanting to introduce that legislation. He also feels nobody really wants to do anything before the French and German elections that are coming in the fall of 2017.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-07-07 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. They have been range bound. He is looking at the situation in the bond market with interest rates going down and down. The US 10-year bond is under 1.4%. The Cdn 10-year bond broke the buck; it is 99 basis points for 10-year money. He would question why you would not want to own a Canadian utility, a Trans Canada, a Bell or a bank where you have a dividend of 3.5%-4% tax advantaged, compared to owning one that pays you under 1%.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-07-07 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Toronto Dominion (TD-T), Bank of Nova Scotia (BNS-T) or the ETF (ZEB-T) for a 5-7-year time horizon? He is bullish on the banks. When you buy an ETF, you get the good, the bad, and the ugly. He prefers to analyse in order to differentiate and pick the ones that he thinks are better than others. He would never own all 6 Canadian banks, and certainly not equal weights.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-07-07 DON'T BUY Must be logged in to use chart AEG-N Aegon N.V.

Not crazy about products. He likes stocks. The problem with products is that you don’t really know what is in there all the time. Stocks that pay dividends and raise dividends are the place to be in this market. The 10 year Canada bond is paying about 1%, and the 10 year US bond is paying under 1.4%, and doesn’t look like it is going change anytime soon. If looking for income, you have to look at the stock market. Procter & Gamble (PG-N) is a dividend aristocrat, upping their dividend every year for 50 years or more. Companies like this and Johnson & Johnson (JNJ-N) are going to do better for you than the bond market.


Price:
$3.520
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-07-07 BUY Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

If you don’t own, any point is a good entry point because it is a “must own” company for Canadian investors. The smartest management group of any Canadian public company, and has the most interesting prospects going forward.


Price:
$43.310
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-07-07 TOP PICK Must be logged in to use chart DIS-N Walt Disney

This has many different arrows in its quiver. First of all, the theme parks, including the new one in Shanghai, which he understands is sold out for the 1st month. Secondly the cruise line. Third is a tremendous library of intellectual property of movies going back for decades. Fourth is ESPN, sports network. Some people are concerned about cord cutting, but live sports and live news are 2 that are going to persist. Dividend yield of 1.44%.


Price:
$98.410
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-07 COMMENT Must be logged in to use chart EEP-N Enbridge Energy Partners LP.

People are kind of negative on the sector. Pipelines in general are not everybody’s favourite asset right now. Dividend yield of over 10% tells you people are very nervous about them covering the dividend.


Price:
$22.540
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-07-07 BUY Must be logged in to use chart EMP.A-T Empire Company (A)

They’ve admitted making a significant error in their acquisition of Safeway on the West Coast, and took a huge write down. Thinks they are correct in that there will be synergies that will come to the surface, and that eventually it will turn out to be a good thing for them. The stock is trading at a significant discount to where it has been for the last year or 2.


Price:
$19.080
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-07 COMMENT Must be logged in to use chart ENB-T Enbridge

He is discouraged by the Canadian government. Not sure we are going to ever build another pipeline in Canada. The obstacles being put in place are so high and wide, and the time process is so long and so expensive. He sees this as a detriment to the big companies.


Price:
$53.810
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-07-07 PAST TOP PICK Must be logged in to use chart EQB-T Equitable Group

(A Top Pick July 2/15. Down 12.9%.) An alternative mortgage lender. A segment that people love to hate at the moment. There is concern that the housing market, particularly in Toronto and Vancouver, are going to explode and that mortgage lenders are going to be like the ones in the US, left for dead on the battlefield. A terrific opportunity to buy a quality company.


Price:
$53.650
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-07 COMMENT Must be logged in to use chart ESRX-Q Express Scripts Inc

(Market Call Minute.) Favourite pharmaceutical company? This is not really a pharmaceutical company, but an intermediary between the pharmaceutical companies and the end users. He feels that is a safer place to be.


Price:
$76.550
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-07 COMMENT Must be logged in to use chart FB-Q Facebook

This has done an unbelievable job of monetizing mobile platforms. That was a task that everybody said they had to get it right in order to prove the valuation of the company. They proved that they could, and he has a lot of respect for them. He doesn’t think their tax difficulties are going to be too big of an obstacle.


Price:
$115.850
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-07-07 COMMENT Must be logged in to use chart FFH-T Fairfax Financial

Prem Watsa is one of the most interesting personalities in Canadian Finance. Believes Prem is betting very strongly that the NA markets are going to collapse. He is not crazy about companies that are prepared to bet a substantial amount of the company on something that he views as inherently unpredictable.


Price:
$696.800
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-07-07 TOP PICK Must be logged in to use chart FSV-T Firstservice Corp

Gated communities, condominiums, town house complexes need somebody to manage them. This company has been tremendously successful at upselling itself at landscaping, pool maintenance, fire protection, and security, all the services that people need. A fragmented industry ripe for consolidation with a huge market south of the border. Dividend yield of 1%.


Price:
$57.280
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-07 DON'T BUY Must be logged in to use chart GIL-T Gildan Activewear Inc.

This is a real wonder company, in the sense that in this day and age, who would think that a garment company could make money. He gives management a tremendous amount of credit, but you have to recognize that they are rowing against a very strong current, and will continue to do so.


Price:
$38.420
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 4,051 entries
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