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
2017-08-22 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  It is impossible to say if you are at a peak in the markets.  We are at a low in unemployment in the US.  There are still a lot of people who CAN come back to the labour force and that is keeping a lid on inflation.  There is less inflation than the Fed could wish for.  Wage inflation is not driving inflation.  Maybe the Fed is not going to raise rates so far and so fast as people thought earlier.  Bonds are not a great place to hide out.  The PE ratio is just the inverse of an interest rate.  He can’t get 4.5% on any bond.  As long as interest rates stay low then he is not scared of stocks.  It has been a tough year for Canadians – either the CAD$ going up or the TSX dropping.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
_N/A
2017-08-22 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

US Banks.  (Market Call Minute) JPM & GS are ones he likes.  WFC-N is fine if you don’t think there are any more skeletons in the closet.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-08-22 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian Dollar.  (Market Call Minute)  It is probably fully valued.  It went up 10% in a short period of time and he thinks it will go back to $0.76 by year end.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-08-22 BUY Must be logged in to use chart AC-T Air Canada

It has been a great stock to own the last couple of years.  He had pledged not to own any airline years ago, but fell off the wagon this year and bought Delta.  The airline industry has changed.  There are only 4 big carriers left in North America.  They charge you for everything.  The airlines have finally figured out how to make money.  They have low fuel prices.  As the middle class rebuilds its balance sheet there is more travel going on.  Travel is a lifestyle choice, spending money on it rather than on cars.


Price:
$23.040
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-08-22 DON'T BUY Must be logged in to use chart BABA-N Alibaba Group Holding

He is very reluctant to invest in Chinese companies because he does not know how transparent their accounting is among other unknowns.  They are doing a terrific job, however.  They appear to be making lots of money.


Price:
$174.460
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-08-22 PAST TOP PICK Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

(Top Pick Apr 12/16, Up 19.95%)  He thinks everybody has to own this one.  They are brilliant managers and own assets all over the world.  Their carried interest in all their funds is their hidden asset.  They get a piece of the action of their funds where they invest their own money and that does not show up on their balance sheet.


Price:
$49.300
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-08-22 DON'T BUY Must be logged in to use chart BB-T BlackBerry

(Market Call Minute)  So last century.  They are trying to find something to do now that they are out of the mobile handset business.  They are just another software supplier and he can’t imagine why you would want to buy it.


Price:
$11.040
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-08-22 TOP PICK Must be logged in to use chart BNS-T Bank of Nova Scotia

He likes it for the Latin American operations as they become more and more middle class every day.  (Analysts’ target: $85.00).


Price:
$77.100
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-08-22 BUY Must be logged in to use chart CGX-T Cineplex Inc

It is going down right now.  It had a bad quarter and the market reacted in a very hostile way.  They are working very hard to diversify their revenue sources to insulate themselves against bad movies seasons.  He is a believer.  It is oversold right now.  It has a nice dividend.  He has a lot of confidence in management at that company.


Price:
$37.720
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-08-22 DON'T BUY Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

(Market Call Minute)  Not on his buy list of banks it is number 4 or 5.


Price:
$106.480
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-08-22 DON'T BUY Must be logged in to use chart CPG-T Crescent Point Energy Corp

He does not own any oil companies, but if he did, it would be this one.  Oil companies are price takers and cannot control the price of their product.  Oil has reached a peak in demand and will decline as a source of energy as time go on.  Pullouts from the oil sands told him that oil had peaked in demand.  Those operators are not dummies.  Oil sands is the most expensive way to get oil.


Price:
$8.350
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-08-22 WEAK BUY Must be logged in to use chart ENB-T Enbridge

TRP-T vs. ENB-T. TRP-T has generation as well as transmission.  ENB has more retail as well as wholesale transmission.  They are both favoured by income seekers. When there was talk of increasing interest rates at the BOC, these stocks tended to go down.  This makes him nervous about the pipelines and utilities.  He owns TRP-T and feels everyone should own one of them.  You won’t go too far wrong with either one.


Price:
$50.180
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-08-22 BUY Must be logged in to use chart FB-Q Facebook

All of the big 5 tech stocks have continued to surprise analysts and critics by running up in value.  It is an incomprehensible number of users on Facebook.  They have proven they can monetize the mobile device.  87% of their revenue now comes from mobile advertising.  In technology it has become ‘winner take all’.  GOOGL-Q won search, AMZN-Q won online retailing and FB-Q won social networking.


Price:
$169.640
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-08-22 WATCH Must be logged in to use chart FLS-N Flowserve Corp.

It is a cyclical industry.  40% of sales are aftermarket.  It probably tends to go up and down with the price of oil.  He does not like companies like this very much because they depend on a cyclical market.  FLS-N is trading at over 20 times earnings, yet they have declining sales and earnings.  The new CEO may help, but the guest would want it to go down to 15 times earnings before he would be interested.


Price:
$38.730
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-08-22 BUY Must be logged in to use chart GE-N General Electric

He likes it as a company.  It is a proxy for the US economy.  The company has never really recovered from 2008.  The forecast for airplane sales is huge.  Wind turbine projects are huge.  It may be a time to look at this company.


Price:
$24.600
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
Showing 1 to 15 of 4,220 entries
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