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

Expert Index

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David Baskin , President

Baskin Financial Services

Contact Info

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


Date Signal Chart Symbol Company Opinion Price
2014-03-10 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. TSX has lagged its US counterparts, mostly because of resources. In that 5 year period, the oil sector, gold sector, silver sector and base metals have all underperformed. They are such an important part of the TSX that, when they do lousy, the TSX does lousy. They far outweigh their peers in the American indices. Doesn’t see this changing. We are not seeing any kind of inflation or upward price pressure on the commodities with the sporadic exception of oil at around $100. There is no global shortage developing in the important metals. Statistics out of China today certainly indicate that if we are expecting China to drive the resource sector forward, it is a little disappointing. With this, it is difficult to see commodity companies making great strides forwards.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
_N/A
2014-03-10 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Financials. Canadian financial services is a terrific industry as a group. We have an oligopoly and when you have this, they do not compete as hard as they might and everybody makes lots of money. In the most recent quarter, all the capital ratios and profit margins are very strong. We now have the best IPO season that we’ve had for 10 years and all of them are going to make a lot of money on investment banking. He likes the technology sector in the US as it is so difficult to find these in Canada. He does own 2 US banks, J.P. Morgan (JPM-N) and Goldman Sachs (GS-N), both of which are going to benefit tremendously from this big IPO boom.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
_N/A
2014-03-10 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Technology. He owns technology companies in the US, simply because it is so difficult to invest in that sector in Canada. He owns companies like Qualcomm (QCOM-Q), Apple (AAPL-Q) and Microsoft (MSFT-Q). There are no equivalents in Canada.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
_N/A
2014-03-10 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

REITs. What we saw last May when the “taper caper” started and everybody was panicking about interest rates, the REITs also fell off very sharply, mostly around 15%. While some of the utilities and pipelines and other interest sensitives came back, we haven’t seen the REITs come back. They are still at the discounted price from last summer. Buy them now and you get the great yield plus probably capital appreciation.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
_N/A
2014-03-10 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Biotech. This industry is characterized by really, really big companies that have been successful, brought products to market and have made a lot of money. There are hundreds and hundreds of tiny little companies that may or may not get it right. Mostly they don’t get it right. Biotech is the ultimate risky game. Picking a winning biotech company is not unlike playing the lottery.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
_N/A
2014-03-10 PAST TOP PICK Must be logged in to use chart AAPL-Q Apple

(A Top Pick Feb 19/13. Up 18.21%.) This is still a tremendous franchise trading at a really low price. If you take the cash off per share, it is trading at around 9X earnings. He sees this being worth $700-$800.


Price:
$530.920
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
Yes
2014-03-10 BUY Must be logged in to use chart BIN-T Progressive Waste Solutions Inc

There are 3 things in life that we can count on, death, taxes and garbage. Garbage is not going to go out of fashion. During the recession there was less of it as people were manufacturing less and this company suffered a little. But now, in the last 2 years, volumes have picked back up and the stock price has picked back up. He is still buying it for clients. Thinks there is room for the company to grow, both by acquisition and by organic growth. Also feels there is room for the dividend to grow. He is buying this primarily for growth, not income.


Price:
$28.140
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
Yes
2014-03-10 COMMENT Must be logged in to use chart BPY.UN-T Brookfield Property Partners

The Brookfield “system” has a number of different arms to it, infrastructure, energy and property. With the property, you get a lot of apartment buildings, a lot of commercial space and top-notch realty at that and very well managed. If you want to do real estate, you are probably better off with some of the Canadian REITs, which are trading at very attractive prices with very high current yields. In particular, he likes H&R (HR.UN-T) for industrial, RioCan (REI.UN-T) for retail and True North Apartments (TN.UN-T) for residential.


Price:
$21.630
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
Unknown
2014-03-10 DON'T BUY Must be logged in to use chart CCO-T Cameco Corporation

The good news for the uranium sector is that Japan is going back to nuclear. The good news for the people of Japan is that radiation levels in Tokyo right now are less than in Paris. This company requires nuclear reactors to be built sooner or later. Has an existing business of refuelling existing reactors. Decommissioning nuclear plants is hugely problematic, burying spent energy is hugely problematic and mining uranium is hard work. This company has had a lot of problems getting it out of the ground. Feels it is overvalued. Uranium Participation (U-T) might be a smarter play.


Price:
$27.260
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
No
2014-03-10 COMMENT Must be logged in to use chart CIX-T CI Financial Corp

One of the things that puzzle people when they look at Canada is that why are Canadians prepared to pay so much to own mutual funds. Highest management expense ratio in the developed world. Fund industry in Canada had a couple of lousy years when they couldn’t sell new product. People were traumatized after the stock market crash of 2008-2009. Now all of a sudden, people are buying new funds and not as worried about the stock market. A lot missed the class of “Buy Low and Sell High”. Doesn’t think it is an outrageous price right now.


Price:
$34.970
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
Unknown
2014-03-10 DON'T BUY Must be logged in to use chart ECA-T Encana Corp

Doesn’t know why this has gone up. Gas inventories have come down because it has been so cold in North America and all the natural gas companies got a bit of a headwind. This company famously sells a lot of its gas forward so it is unclear whether it makes a whole lot of money when the spot price goes up like this. The problem is, there is too much gas and until someone builds a world-class LNG facility to get rid of some of the gas, there is going to be a surplus in North America. Sold his holdings over 5 years ago. You are much better off with oil.


Price:
$22.730
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
No
2014-03-10 COMMENT Must be logged in to use chart FTT-T Finning Int

Largest Caterpillar (CAT-N) reseller globally. Has sort of waxed and waned with the global mining industry. When base metals are hot, this company is hot. Has done better this year, but looking at a few years, when mining cooled off this cooled off and is now just getting back where it was 3 or 4 years ago. Very well managed. Terrific franchise.


Price:
$30.230
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
Unknown
2014-03-10 TOP PICK Must be logged in to use chart GM-N General Motors Corporation

Have reinstated their dividend since buying out the US government. Cleaned up a lot of their legacy labour and health problems as a result of their bankruptcy. Selling their cars like crazy. Most of the forecasts are that we are going to have a record 2014/2015 as we replace a lot of very old vehicles. Trading at 10X forward earnings. Yield of 3.26%, which he expects will go up. $45 in 12 months seems reasonable to him.


Price:
$37.090
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
Yes
2014-03-10 PAST TOP PICK Must be logged in to use chart HCG-T Home Capital Group

(A Top Pick Feb 19/13. Up 52.91%.) This is a tremendous company. Have a lot of faith in management. Loan/losses ratios are as good as any other financial institution.


Price:
$87.120
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
Yes
2014-03-10 BUY Must be logged in to use chart HR.UN-T H&R Real Estate Inv Trust

Canadian REITs are trading at very attractive prices with very high current yields. In particular, he likes H&R (HR.UN-T) for industrial, RioCan (REI.UN-T) for retail and True North Apartments (TN.UN-T) for residential.


Price:
$22.260
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
Yes
Showing 1 to 15 of 3,652 entries
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