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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
2015-07-02 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Canadian GDP was retched.  People talk about a possible recession, although he does not feel we will have one.  The growth for the year looks very mediocre.  Any chance of increasing rates has gone out the window.  Rates may even be cut.  There is no fiscal stimulus because the federal government is trying to balance budgets.  He invests in stocks not stock markets.  He asks how each company will fair in this kind of economy.  He picks the sectors and then the companies within those sectors.  He is focusing a lot on the US because their growth will be considerably better than Canada.  In Canada the financial sector is greatly oversold, however.  He is 40% US and heading to 50%.  He thinks the Canadian dollar will tend toward $0.75 this year.  Executives are leaving Sears because they don’t see many prospects.  3 CEOs in27 months.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
_N/A
2015-07-02 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Big Banks.  He hears that a lot of American hedge funds have been shorting Canadian Banks in the expectation of being hit with mortgage defaults and the effects of the oil patch.  His research satisfied him that they are not in any risk of damage to their mortgage books.  Debt service ratios are at record lows because interest rates are so low.  House prices could fall 30% before banks would be at any risk of trouble.  The Canadian banks have no worries in this regard.  The major oil companies are not going to dry up and go away so again there is no risk to the banks.  There are pretty good opportunities to buy all of them.  BMO-T is over sold the most.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2015-07-02 BUY Must be logged in to use chart AAPL-Q Apple

He does not think the Apple watch is the be all and end all. The last iPhone release was successful.  He thinks Apple music will make incremental revenue.  11 times earnings.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2015-07-02 DON'T BUY Must be logged in to use chart ARE-T Aecon Group Inc

Disappointing earnings.  People thought as it grew it would have made a lot more money.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2015-07-02 BUY Must be logged in to use chart BAX-N Baxter International Inc

(Market Call Minute) There is a lot thrown away with every operation.  It is really expensive stuff.  BAX-N makes it.  Disposable medical supplies.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2015-07-02 BUY Must be logged in to use chart BCE-T BCE Inc.

(Market Call Minute) Likes it for the yield.  Probably going up over time.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2015-07-02 BUY Must be logged in to use chart BIN-T Progressive Waste Solutions Inc

Besides death and taxes, there is sure to be garbage.  It is an economically sensitive company because more economic activity generates more garbage.  Lots of room for growth on the dividend and earnings.  This company needs a catalyst for people to pay attention.  He expects volumes and therefore earnings to go up.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2015-07-02 BUY Must be logged in to use chart BNS-T Bank of Nova Scotia

Put it away and collect the dividend.  Puerto Rico may have to default on its debt but that doesn’t affect BNS-T.  It is a tremendous bank and less than 11 times expected earnings.  Approaching 4.3% dividend.  TD-T is the premier and is the safest.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2015-07-02 BUY Must be logged in to use chart CRR.UN-T Crombie Real Estate Investment Trust

Sobeys Family / Empire Group.  Many shopping plazas have Sobeys as an anchor tenant.  He always liked them as a yield investment for 7.1%.  5 year Canada bonds are at 0.84%.  A very good option for income.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2015-07-02 TOP PICK Must be logged in to use chart EQB-T Equitable Group

Mortgage lending to those without a T4 slip like contractors and the self-employed.  It is a prudent lender.  Loan losses are minimal as they have great credit judgment.  8 times earnings and pretty good growth rate.  Dividend is half a bank’s, however.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2015-07-02 BUY Must be logged in to use chart HLF-T High Liner Foods

Made major acquisition in Iceland and then the stock price exploded.  It has not done much in the last year.  They have to consolidate.  He thinks they will make more acquisitions going forward.  As the economy recovers, more people eat out and HLF-T supplies a lot of restaurants.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2015-07-02 DON'T BUY Must be logged in to use chart IPL-T Inter Pipeline

Stock vs. Stock.  KEY-T vs. IPL-T.  IPL-T just moves gas from here to there, and don’t add much value.  With the new government in Alberta, maybe they won’t build any more pipelines.  Prefers KEY-T.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2015-07-02 BUY Must be logged in to use chart KEY-T Keyera Corp

Stock vs. Stock.  KEY-T vs. IPL-T.  Key-T is a more value added company that processes gas coming out of the ground.  They have a big infrastructure which is a tremendous barrier to entry in that industry.  They don’t have a great reliance on commodity process.  They are a tolling operation.  Prefers KEY-T to IPL-T.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2015-07-02 HOLD Must be logged in to use chart KRFT-Q Kraft Foods Group

The dividend is fully taxed in Canada. KRFT-Q split into two companies.  There is no Canadian equivalent.  He would just hold onto it if you have a huge tax burden.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2015-07-02 BUY Must be logged in to use chart MFC-T Manulife Financial

A much diversified organization.  They stumbled very badly going into the market crash of ‘08.  People have a long memory.  It has finally gotten back to where it was.  How do you invest premiums with interest rates this low.  A recent transaction involved Chubb being taken out at a big premium so these insurance companies are obviously considered a lot more valuable than their market price.


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
Showing 1 to 15 of 3,882 entries
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