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

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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
2015-08-06 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. The market is fickle. Today the market hated the media stocks. Disney announced that some people were cutting the cable cord. The market threw a fit and over reacted. So CBS, Fox and Via Com were all down big time. He recommends that we assume that these big companies aren't being run by idiots. People sometimes focus on the small picture instead of the big picture. The time to buy is when everyone is selling. He is a value investor. He has been waiting to buy Disney for years and if it goes down 15% he will be all over it.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-08-06 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Biotech. Not able to value Valeant(VRX) because they have so many moving parts, so many acquisitions, and so much complex accounting. They have a ton of debt, stock has gone up so fast, it is uniquely vulnerable to go down.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-08-06 BUY Must be logged in to use chart AAPL-Q Apple

It is a 15% better buy today than it was a few months ago. Has suffered a mini correction. It has a long history of going up and then going down, and then going back up again. He thinks a lot of the company. They had an excellent last quarter. It has tremendous potential of products coming down the road. They don't need to have a hit on every product. He thinks it is a veryimpressive company. At $115 it is a very reasonable buy.

 


Price:
$115.130
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-08-06 DON'T BUY Must be logged in to use chart ARX-T Arc Resources Ltd

Doesn't think that the dividend is safe in this sector and recommends staying away from it.

 


Price:
$19.640
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-08-06 PAST TOP PICK Must be logged in to use chart BCE-T BCE Inc.

(Top Pick Sept 22, 2014, up 8%)  They are in cell phones, tv, bought for yield as well as growth. Slow growth, high yield.

 



Price:
$54.210
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-08-06 PAST TOP PICK Must be logged in to use chart CGX-T Cineplex Inc

(Top Pick Sept 22, 2014, up 20% ) Had a strong summer of movies, (Mission Impossible, Star Wars) Strong summer, likes this company and has owned for years.


Price:
$47.580
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-08-06 BUY Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

CIBC hasn't had any bad news stories lately. The risk management has improved. All the Canadian banks are very inexpensive right now. He thinks that the Canadian banks trading at 11X earnings or sometimes cheaper are a tremendous buy right now. He doesn't see interest rates rising soon. The banks can still make money through their investment banking business, proprietary bond trading business and fee taking business. They have tremendous pricing power, they are price makers. If you can buy a price maker with that kind of low PE “You got to do it”.

 


Price:
$92.750
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-08-06 WATCH Must be logged in to use chart CNR-T Canadian National R.R.

He hasn't bought it yet. He is watching it. Same for CP. Rails had some weakness due to the commodities crash. Shipment of basic commodities are down. Thinks that the rail story is still a pretty good story. Canadian exports has been increasing this month which is good for CP especially. He owns a US rail carrier called CSX. This is a sector that he likes.

 


Price:
$81.870
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
No
2015-08-06 TOP PICK Must be logged in to use chart CVS-N CVS Health Corp

Changing themselves so they are not just a pharmacy. They have become the largest provider of walk in clinics, replacing emergency rooms in the US. They are increasingly providing a big menu of ambulatory health services. They fill 25% of the prescriptions in the US and the biggest growth in spending in health care is in prescription medication. It is an interesting company. They just recently added it to their portfolio. CVS is really onto something, onto a trend and doing something that the other pharmacies haven't figured out yet. He is quite impressed by it.

 


Price:
$108.120
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Yes
2015-08-06 COMMENT Must be logged in to use chart FB-Q Facebook

Buy, Sell or Hold Facebook? Is there a withholding tax on the gains? There is no withholding tax on gains when you sell US stocks.There is a withholding tax when you sell dividends. He doesn't own Facebook. It is a difficult company to analyse .He gives them a tremendous amount of credit that they are able to make money off mobile devices. They have 1.6 billion users, are crushing twitter. “They are the game in town.” It is an expensive stock, but he is not buying at this price.


Price:
$95.120
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-08-06 HOLD Must be logged in to use chart GE-N General Electric

Their dividend finally went up after a very long time. He thinks it is a terrific company and a leader in many in many industries. The problem is that the American economy is growing very slowly. They are finding it hard to get traction and move ahead. If you have owned for a long time he might stick with it. He thinks they eventually might make money.

 


Price:
$26.030
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-08-06 COMMENT Must be logged in to use chart GILD-Q Gilead Sciences Inc.

Thinks it is a terrific company and has had strong earnings. They had thought about buying it, but talked themselves out of it. Gilead Sciences has a broad range of products. The problem is that they have a very expensive Hepatis C drug and wonders if they can keep this drug at this price. Didn't buy because they thought the margins of the drug would likely drop precipitously.

 


Price:
$115.300
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
No
2015-08-06 TOP PICK Must be logged in to use chart GOOG-Q Google

Disclaimer: His son works as software engineer at Google. Recently, Google's stock had a big jump after they announced their quarterly results. He thinks it is still a very, very interesting stock. Google is a wild card because you don't know what they will do next. They are always coming out with fabulous products, like driverless cars. They are an innovative company with lots of cash. They keep making money on advertising and the search. He is a happy holder of this stock.

 


Price:
$642.680
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Yes
2015-08-06 COMMENT Must be logged in to use chart HLF-T High Liner Foods

They had earnings that were disappointing that they blamed partly on currency and partly on lower volumes of fish. They tried to put through a price increase, but it did not go through very well. He likes it, it is very inexpensive after the fall it has had in the last few days. It is a bargain at this price. The 2nd quarter is always their lowest quarter.


Price:
$18.520
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-08-06 BUY Must be logged in to use chart LNR-T Linamar Corp

Comparing with Magna. He was surprised that they went down today, because concistant strong sales in the auto sector and the American fleet is aging, along with low interest rates, means that the car companies are nowhere near their peak production.

 


Price:
$73.240
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 3,909 entries
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