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

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David Cockfield , Sr. VP & Managing Director

Northland Wealth Management


Date Signal Chart Symbol Company Opinion Price
2015-05-22 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian economy. We are still going through the process of absorbing gasoline cuts, etc. Doesn’t see inflation as being a problem. There is slow growth on both sides of the border and not a lot of inflationary pressure. Thinks Central Banks are more worried about deflation than inflation. Economic growth in Canada is slow because of Alberta. We are lucky if we can get to the 2% level. The US might get to 2.5%-3%, which would help us along as well. People should be cautious on stocks. It is a very segmented market these days. The Canadian market has the financials, commodities (which are split between oil and gas) and minerals. Doesn’t think the oil/gas stocks as well as the minerals are going to do that well, and you sort of end up with financials, but they are sort of economy stocks that are depending on those other 2 areas. It’s going to be a tough slog for Canada, until we get some stability, particularly in the energy markets. His focus has been on dividend paying stocks with those that would go through any kind of a market. Telephones and pipelines still look reasonable, and the financials are still doing fine. You have to pick your spots carefully. Internationally he is edging up to the 20% mark and still likes the US market.


Price:
$0.020
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
_N/A
2015-05-22 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

REITs. He is not super enthused about this sector. Feels most of them have got reasonably well priced these days. Not particularly inclined to recommend one. If we do have interest rate increases, it will probably affect them. He is watching this, and may change his mind. (See Top Picks.)


Price:
$0.020
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2015-05-22 BUY Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

In a business where they have shown themselves to be very successful. Have been successful in acquiring more stores, more gas stations. Really good at what they do. With the slow but steady expansion here, and in the US, he thinks there are more opportunities for them. They are going to do all right. Thinks there has been some profit taking here. You could start to buy it here.


Price:
$46.940
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2015-05-22 DON'T BUY Must be logged in to use chart ATH-T Athabaska Oil Sands Corp

Oil sands are the most at risk on future pricing. He has never been a fan of this. You have to be careful getting into a long-term project that takes a long time to bring to market, and if the pricing of the product, at some point, may come under pressure. We are in that spot right now


Price:
$2.160
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2015-05-22 COMMENT Must be logged in to use chart BAD-T Badger Daylighting

A good company and have done extremely well over the years, however their technology is not patentable. They use water pressure to drill, and it is absolutely fabulous if you are putting in fibre optics, or some tricky areas with gas pipes, etc. The trouble is, everybody else can build the same kind of machines and have been doing that. Have more competition now than they had before. This is going to put a bit of a lid on how fast the company can grow.


Price:
$29.730
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2015-05-22 DON'T BUY Must be logged in to use chart BBD.B-T Bombardier Inc (B)

A speculative stock. Have a great business in trains, subways and railcars, and have done well and are known throughout the world. The big problem is their airplane. They seem to be working through the C series. If they can get that plane certified and start selling it, this is a great time to be selling that particular type of plane. If it works, it will be fantastic. If it doesn’t, there is some talk they may have to sell off the active part of the business. He would be too risk adverse to recommend this.


Price:
$2.470
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2015-05-22 DON'T BUY Must be logged in to use chart BEI.UN-T Boardwalk REIT

You have to recognize that this is focused in Alberta. It has been very, very successful. He would be somewhat cautious about anything in the property real estate area. You are already seeing house prices beginning to decline. There may be some rental problems because of migration out of the province.


Price:
$59.320
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2015-05-22 COMMENT Must be logged in to use chart BNS-T Bank of Nova Scotia

This could be categorized as probably the most conservative Canadian large bank. Have always been extremely cautious. The one problem they might have is that they are not into the financials in terms of new issues, etc. as some of the other banks. This means that with their conservatism, you are not going to get surprised on the upside or downside. The kicker is that their 25% of offshore has a much growthier aspect to it than you are going to get either in the US or Canada.


Price:
$64.610
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-05-22 TOP PICK Must be logged in to use chart BPY.UN-T Brookfield Property Partners

This is sort of a REIT type operation, but is multinational. This is commercial and is in all the big places. They have offices, retail and residential. He feels the Brookfield management is a smart bunch of people that have done very well. Have lots of money and have lots of ammunition to go off and do things. Dividend yield of 4.53%.


Price:
$28.480
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-05-22 COMMENT Must be logged in to use chart CHE.UN-T Chemtrade Logisitics Inc.

Has several accounts that own this, but at “client direction”. Basically in sulphuric acid. They use acid in steelmaking and those kind of things, so it is very much an economy stock. It has done very well. In an area that he always considers a little higher risk than what he would want to put a lot of money in. He would rather have a bank or a telephone company. Has a nice yield of 5.7%.


Price:
$20.910
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-05-22 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

Canadian rails? He is neutral on these. A little concerned on this one as it came off because it became expensive. These are economy stocks and are somewhat cyclical. Oil shipments have slowed down, so you may see their earnings going kind of sideways. On that basis, an 18 multiple is probably a little too high, and perhaps should be down around 15. We may have to wait a few more years before another cycle starts. If this company can get some of the ratios in line with Canadian Pacific (CP-T), it would probably have more room to manoeuvre.


Price:
$74.410
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-05-22 COMMENT Must be logged in to use chart CP-T Canadian Pacific Rail

Canadian rails? He is neutral on these. These are economy stocks and are somewhat cyclical. He is a little concerned that oil shipments have slowed down, so you may see earnings going kind of sideways. On that basis, an 18 multiple is probably too high, and perhaps should be down around15. We may have to wait a few more years before another cycle starts.


Price:
$217.770
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2015-05-22 COMMENT Must be logged in to use chart CWB-T Canadian Western Bank

Very much a local Alberta bank, and is so focused in that area that when you see a slowdown going, you have to look at who they lend the money to. There is a higher risk than with other banks, and the market is reflecting that.


Price:
$28.820
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2015-05-22 COMMENT Must be logged in to use chart G-T Goldcorp Inc

Doesn’t see himself getting interested in gold stocks, until he sees some significant return to an inflationary environment. Right now we are still working our way through a big drop in energy prices, so he sees inflation as being very subdued, perhaps for the next 6-9 months.


Price:
$22.520
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2015-05-22 DON'T BUY Must be logged in to use chart HBM-T Hudbay Minerals Inc.

1st quarter earnings were a minus. This is a metals commodity company. The commodity cycle is so negative at this particular point in time. There is lots of copper and there is lots of gold. You are not going to see this do well until this part of the commodity cycle turns. There is no evidence that this is going to be sometime soon.


Price:
$11.410
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
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