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
2016-04-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. This is the beginning of US earnings season. The big news tomorrow is going to be the US banks. Whatever the results, it will set the tone for the market. Everybody is going to be looking at the investment banking earnings. It was a slow quarter for Initial Public Offerings. People are going to be looking at the proprietary trading. Also, everybody’s concerned about write-offs and reserves in the oil/gas industry. There has been a lot of chatter about banks being overexposed, particularly to the tertiary, low quality producers, and whether that will impede their performance. In his view, the big US banks have been sold off so radically that the market is really anticipating lousy results, so anything good should lead to increases in prices.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-04-12 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Steel stocks? There is a lot of capacity in the industry. China is talking about shuttering steel plants because they have too much capacity. One of the reasons coal has plummeted is that there is too much steel in the world. Because of this, you have to be pretty brave to buy into this rally, and believe that the steel companies have a future ahead of them.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-12 COMMENT Must be logged in to use chart AEM-T Agnico-Eagle Mines

Gold is not an investment in his view, it is a speculation. Gold companies have been absolutely dynamite for traders in the last 3 months. He is not a gold owner, and doesn’t understand why gold is doing what it is doing. If you are a trader, have a good time, but look at the charts and understand that you have to be agile.


Price:
$52.400
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-04-12 PAST TOP PICK Must be logged in to use chart AIG-N American International Group

(A Top Pick May 12/15. Down 6.84%.) A real value stock trading at less than 1X BV. Has tremendous earnings potential. Sees potential on this simply on a valuation basis. Still likes.


Price:
$53.790
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-12 COMMENT Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

A terrific Canadian success story. A serial acquirer of other companies in the convenience store industry in Canada and the US, and recently Europe. A great part of sales is gasoline. Low prices give a low margin and is very competitive. Their biggest merchandise product is tobacco, 40%. In North America people are smoking less and less all the time. Management has done a great job, but it remains to be seen how these acquisitions are going play out. He has stayed away because he doesn’t like the tobacco business.


Price:
$56.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-04-12 TOP PICK Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Barron’s magazine slagged the company and the stock went down. The rap against management is that it owns a lot of non-public assets and the reporter looked at how they were valuing these assets. Brookfield is forced to mark these assets to market every year because of the way international financing works. Every time the company has sold one of these assets, they have sold it for more than what they have said it was worth. This is a fabulous company with billions of dollars under management for institutional investors, that are on its balance sheets. Dividend yield of 1.5%.


Price:
$42.550
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-12 PAST TOP PICK Must be logged in to use chart BCR-N Bard C R Inc.

(A Top Pick May 12/15. Up 23.03%.) Not a lot of people know about this company. It is a provider of disposable medical supplies. Have something like 25,000 different items that they sell to hospitals. Because of aging population, demand for healthcare is rising all the time.


Price:
$204.850
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-12 COMMENT Must be logged in to use chart BDT-T Bird Construction Income Fund

Would steer clear of construction/engineering firms. So much depends on 1) winning contracts and 2) completing the contracts at a profit. Historically, in order to win contracts, companies might bid a very finely calculated price, and then get surprises on completion that will hit their profit margins.


Price:
$11.350
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-12 BUY Must be logged in to use chart BRK.B-N Berkshire Hathaway Inc. (B)

You only pay to get in and out, compared to paying management fees yearly for mutual funds. They have built a wonderful company that has longevity. Also, have delegated a lot of authority to their next generation of management. It gives you a broad cross-section of companies. Reasonably valued. You should buy this with the intention of owning it for a while.


Price:
$142.400
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-12 COMMENT Must be logged in to use chart CCO-T Cameco Corporation

The uranium story might never come back. With natural gas at $2, nuclear power doesn’t make any economic sense. Also, with solar power getting cheaper and a huge amount of installed wind power based already, he is not sure nuclear power ever will be economic again.


Price:
$15.870
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-12 COMMENT Must be logged in to use chart CP-T Canadian Pacific Rail

Decided that they can’t make a deal for Norfolk Southern (NSC-N). Too many regulatory hurdles and the board was not in favour of a deal. Buying CSX (CSX-Q) would be an easier deal for the regulators to approve because of the size and the territory it covers. However, it would run into much the same kind of obstacles.


Price:
$183.940
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-12 BUY Must be logged in to use chart CSCO-Q Cisco

(Market Call Minute.) A good company and have made the transition to the new digital switching era. Not expensive.


Price:
$27.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-12 HOLD Must be logged in to use chart FTS-T Fortis Inc.

This is an income stock with a steady dividend with about 43 years on dividend growth. Doesn’t think that is about to stop. Low beta and high-yield.


Price:
$39.480
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-12 STRONG BUY Must be logged in to use chart GM-N General Motors Corporation

(Market Call Minute.) An absolute mystery to him why the stock isn’t doing better with record car sales and record truck sales in the US. A screaming buy at this price.


Price:
$29.710
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-12 TOP PICK Must be logged in to use chart KEY-T Keyera Corp

An energy service company. They get the natural gas when it comes out of the well. The gas has all kinds of guck in it and has to be cleaned before it can go down the pipeline. It is basically a tolling operation. It doesn’t matter what the price of gas is, it still has to be treated and people still have to heat their homes. They recently upped their dividend. Dividend yield of 3.77%.


Price:
$39.840
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
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