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
2016-10-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. One bad statistic from China and the Dow is down 180 points. However, as the day went on, things calm down a little. There were stories about the recapitalization needs of the big Chinese banks, with very scary numbers, starting with a trillion. China had fewer imports, and people naturally started thinking that the transformation of China into a consumer driven society might not be going as smoothly as we would like it to see. The world is aging. One of the most interesting things about the US election is that nobody has mentioned that the Americans now have the lowest fertility rate in their history, fewer babies being born per woman. The population is getting older. One way to grow the economy would be to have more immigration, perhaps letting in a few hundred thousand 30-40 year-olds that will have more babies.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-10-13 COMMENT Must be logged in to use chart AAPL-Q Apple

Has been bullish on this for a long time. When it got down under $100, he was saying it was worth $140. It has come halfway back from under $100 to about $117, so there is still upside. This has had 130 billion downloads from the App Store, that is 20 for every human adult that is on earth.


Price:
$116.980
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-13 COMMENT Must be logged in to use chart BAC-N Bank of America

American banking is not expensive, and the banks are quite reasonably priced. Also, they still haven’t raised their dividends as much as they could. There are likely good times ahead. If interest rates rise, once in 2016 and 2 or 3 times in 2017, this allows banks to increase their net interest rate margins. Expects this will be net positive for the banking industry. Not his 1st choice, but not a bad choice.


Price:
$15.830
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-10-13 COMMENT Must be logged in to use chart BIP.UN-T Brookfield Infrastucture Partners

Everybody loves infrastructure right now, and this one was there before pretty much anybody else. They are very, very good at it. He likes this.


Price:
$44.740
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-10-13 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

He currently does not have any rails. This has a lot to do with commodity prices, because the rails make so much of their money on the movement of bulk commodities. He is seeing a lot of changes in the commodity markets. A terrific company, but doesn’t think it is a compelling growth story.


Price:
$87.830
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-10-13 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Doesn’t think this will get back to last year’s levels. A great company with great assets, but oil is only worth what oil is worth. In his view, oil can’t go past a certain point now, because of the excess supply that is out there waiting to come into the market, and the number of drilling rigs that can be employed very quickly, which will drive down the cost of the commodity.


Price:
$17.490
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-10-13 DON'T BUY Must be logged in to use chart CSCO-Q Cisco

Caught up in a big transitional situation in the technology industry. What used to be done mechanically, in terms of switching, is now being done with software. If you are the biggest manufacturer in electronic switches, how do you transition yourself into the new world without losing market share? It turns out to be more difficult than people thought. Even though they had a dominant position 10 years ago, it has been losing market share, and he thinks it is a really difficult period for the stock. He wouldn’t recommend it.


Price:
$30.170
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-10-13 COMMENT Must be logged in to use chart CU-T Canadian Utilities

Sometimes boring is good. This pays a dividend and raises it on a regular basis. He likes stocks like this for RESP’s. If your kids are little and you have a long time horizon, there is nothing better than sticking a couple of dividend growers in there. Enbridge (ENB-T) and Fortis (FTS-T) fall into much the same kind of category as a Canadian utility.


Price:
$36.890
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-13 BUY Must be logged in to use chart DIS-N Walt Disney

On so many stocks now, the value of a company is the intellectual property. This has a vast library of content, which can be used on all platforms, and is new to every new child. This falls into a category of increasing interest to him of Experiential Consumerism. Millennials in particular are spending a lot of money on experiences. This is playing into that theme, and is quite inexpensive at this price. He would buy this company up to $110, or even $115.


Price:
$91.120
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-13 PAST TOP PICK Must be logged in to use chart GM-N General Motors Corporation

(A Top Pick Sept 24/15. Up 12.34%.) A stock that a lot of people love to hate, but for the last 5 years, all they have been doing is making money. People keep saying the auto boom is tapped out, but he doesn’t think so. This company and Ford (F-N) are selling a tremendous number of trucks. It pays a nice dividend of 4.8%. It has a very low P/E multiple, and it free cash flows like crazy. They may have better technology then Tesla (TSLA-Q) for electric cars, with the capability of building and selling a million each year.


Price:
$31.510
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-10-13 COMMENT Must be logged in to use chart HBC-T Hudson Bay Co.

This just seems to have disappointment baked in. It goes up and it goes down, but at the end of the day, if you are a trader you can make money. A lot of people buy on-line now. Not a fan.


Price:
$16.780
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-13 COMMENT Must be logged in to use chart HCG-T Home Capital Group

This got hit with Short selling from the US. Had a misrepresentation problem 21 months ago and none of those mortgages have gone bad. Their loan loss experience on those has been at least as good as the rest of their portfolios. Do the new federal mortgage rules handicap them in any way. Only 8% of their mortgages are insured. The new rules only apply to a very small proportion of their Book, which means they might have a bit of an advantage over some of the other alternative lenders, and even over some of the banks. He estimates the stock is going to make about $4 this year, and is not selling his shares.


Price:
$24.740
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-10-13 COMMENT Must be logged in to use chart LNR-T Linamar Corp

Linamar (LNR-T) or Magna (MG-T)? Both are great companies. This one is a tremendous success in his view, but Magna is his pick, simply because of its global reach. Its larger size serves a higher number of platforms and has a greater number of products.


Price:
$55.690
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-10-13 COMMENT Must be logged in to use chart MG-T Magna Int'l. (A)

Linamar (LNR-T) or Magna (MG-T)? Both are great companies. This one is his pick, simply because of its global reach. Its larger size serves a higher number of platforms and has a greater number of products.


Price:
$55.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-10-13 COMMENT Must be logged in to use chart NVU.UN-T Northview Apartment Real Estate

They did an offering this week at about a 3% discount to what the stock was trading at. The apartment sector is a good sector. People have undoubtedly been reading about apartment shortages in major Canadian cities, so if you own a lot of apartment buildings, it is not a bad place to be. This is a pretty good operator and it is a good sector to be in.


Price:
$21.080
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
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