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

Recent Opinions

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Date Signal Company Expert Opinion Price
2016-12-01 N/A A Comment -- General Comments From an Expert
A Commentary
Ross Healy

Market. What Trump plans to do is to reverse course from what has been going on for the past 8 years, and take away the emphasis on monetary policy and low interest rates, and move over to fiscal policy. There are 4 things coming along. 1.) Tax cuts, which can be fairly quick, and would be a nice boost for corporate profits. 2.) Up to $5 trillion of infrastructure spending, designed for all those people who have lost their jobs. 3.) Potential changes to the Dodd-Frank act for the banks. 4.) A major repatriation of all of the overseas cash that is sitting in bank accounts of many corporations. These things are quite bullish for the market. He suspects that the US$ is going higher, and gold is going lower. You put your money into the financial stocks, which are going to be huge beneficiaries.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2016-12-01 N/A A Comment -- General Comments From an Expert
A Commentary
Colin Stewart

Market. He had been quite cautious on bonds prior to the US election. There is still risk out there. There is going to be uncertainty as to how US policies will be implemented, and if the Trump administration is protectionist at all. So far, he seems to have moderated some of his views. Talking about tax cuts, deregulation, infrastructure spending all of which are generally very pro-growth and good for business, and ultimately good for the US economy and equities.


Price: $0.020
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: _N/A
2016-12-01 COMMENT A Comment -- General Comments From an Expert
A Commentary
Colin Stewart

Marijuana stocks? He wouldn’t invest in any marijuana stocks. If you have made some money, he would suggest you take some profit. A lot of these companies are growing quickly and could become much bigger, but looking at the valuations and market capitalizations that are being placed on these companies, it is reminiscent of the tech boom back in 1999 and 2000.


Price: $0.020
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: No
2016-12-01 N/A A Comment -- General Comments From an Expert
A Commentary
Colin Stewart

Will the growth in a dividend stock negate any negativity from a rising interest rate? In the short term, there is a risk that you get a rotation impacting companies, but if you have a company where the dividend can consistently increase, investors are generally willing to pay for that. If you have a long-term view and you like dividend stocks, these types of companies are not a bad place to be.


Price: $0.020
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: _N/A
2016-12-01 COMMENT A Comment -- General Comments From an Expert
A Commentary
Colin Stewart

Canadian Banks. These have been good long term stocks to own, but in general, US banks are more attractive. They’ve been depressed and valuation multiples have been about the same as Canadian banks. However, the environment is going to be better as far as rising rates for better net interest margins. The US housing market has recovered, but still has room to grow, whereas the Canadian housing market has concern that it is at a peak and is leveling off.


Price: $0.020
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 PAST TOP PICK Barrick Gold
ABX-T
Ross Healy

(A Top Pick Jan 26/16. Up 49.48%.) The stock actually got up to $31, and had a 40% correction from the top. He has a technical line in the sand at about $14. He is concerned about the price of bullion in the next while.


Price: $20.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-12-01 COMMENT Alaris Royalty
AD-T
Colin Stewart

Almost like a private lending business where they have different stakes in companies through loans or preferred share agreements. Some of those have been troubled recently which has caused the share price to come off. He is not fond of the business model and they have a reasonable amount of debt which he doesn’t like. Some of the underlying investments have not been doing all that well.


Price: $22.820
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 PARTIAL SELL Alimentation Couche-Tard (B)
ATD.B-T
Ross Healy

He is steadily selling off his holdings. It has exceeded its FMV by about 20%. The stock has done well, but to keep going the way they have, they have to make larger and larger acquisitions. His experience with consolidators is that eventually they reach the stage where they make a catastrophic acquisition, and the stock goes down.


Price: $60.190
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-12-01 COMMENT Boeing
BA-N
Ross Healy

Boeing (BA-N) or Delta (DAL-N)? A fine company with a fine management, but absolutely incompetent as far as their capital market sense is concerned. They’ve been buying back stock again and again. You would’ve thought that if they had bought back all that stock, earnings would have been going up, but they are sliding down instead. They should stop buying back stocks, because essentially, they are buying back a little bit of BV, and a whole lot of air. Trading at about 16.5X BV, which is very high. Delta trades at about 2.5X BV. He would buy Delta and forget Boeing.


Price: $152.390
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 TOP PICK Bank of America
BAC-N
Ross Healy

He likes the US banks across the board. This is trading at about its nominal Book Value, a discount to what he would call his Fair Market Book Value. It has huge upside potential, and he thinks that potential is going to grow under the Trump administration. Dividend yield of 1.37%. (Analysts’ price target is $20.07.)


Price: $21.500
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-12-01 COMMENT Brookfield Property Partners
BPY-N
Ross Healy

A little overvalued. The last few months have been characterized by weakness, particularly in the commercial property stocks. Higher rates are going to hurt stocks to some degree, but with the economy continuing to be strong and infrastructure spending, that can only help.


Price: $20.830
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 PAST TOP PICK Brick Brewing Company Ltd.
BRB-T
Colin Stewart

(A Top Pick Jan 28/16. Up 63.08%.) There have been a lot of good things happening. They’ve been growing and have a brand-new facility in Waterloo. Have been winning new contracts to fill that capacity up. There has been a huge amount of legislative change in Ontario in the beer industry, which is allowing craft brewers like this one, to get a lot more space on the shelves.


Price: $3.120
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Yes
2016-12-01 TOP PICK Chicago Bridge & Iron Co.
CBI-N
Ross Healy

Essentially an infrastructure stock with about 60% of their business focused on energy, of which LNG is a big part. They also do a lot of general infrastructure work. The stock is cheap. Dividend yield of 0.83%. (Analysts’ price target is $36.08.)


Price: $33.680
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-12-01 COMMENT SalesForce.com Inc.
CRM-N
Colin Stewart

A great company. The stock hasn’t gone up a lot, and is still trading at a very high valuation level. You are paying for a lot of good things to happen. Today, when there are so many good companies that are still growing and have pretty powerful brands, they are more attractive from a valuation standpoint, and those are the things that he is looking at. You are taking more risk in a name like this that is trading at a 70X earnings multiple.


Price: $68.460
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: No
2016-12-01 DON'T BUY Canadian Western Bank
CWB-T
Colin Stewart

He likes the financial sector, but believes the US banks are the better place to invest right now. A well-run company, but the stock is up quite a bit in recent months, probably around optimism on oil prices. The stock is not overly cheap. Feels there are better places to invest in, in financials.


Price: $30.310
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 COMMENT Concordia Healthcare
CXR-T
Ross Healy

Very, very cheap. Sells at Price to Book at about 3. Of that book value, to all sense and purposes, it is all “goodwill”, which he might refer to as water in a portfolio. Analysts have been slow in pulling down their earnings forecasts.


Price: $3.550
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 BUY Delta Air Lines Inc
DAL-N
Ross Healy

Boeing (BA-N) or Delta (DAL-N)? This just rebounded off a beautiful price low at 2X Book. The stock is cheap. Its FMV is 85% higher than the current price. He would buy this and forget Boeing.


Price: $47.770
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 DON'T BUY DH Corporation
DH-T
Colin Stewart

(Market Call Minute.) Stay away from this. There is too much debt on the balance sheet. They recently cut their dividend.


Price: $18.920
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 BUY on WEAKNESS Walt Disney
DIS-N
Colin Stewart

(Market Call Minute.) A great branded company with a lot of good businesses. This is one to own for the long-term, and on any pullback, he would look to buy it.


Price: $98.940
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 COMMENT Dollarama Inc.
DOL-T
Colin Stewart

A great growth story in Canada over many, many years. He is not attracted to it because of valuations. The question is how much more can they continue to expand. Also, they may suffer a little in this environment where investors rotate out of these types of names. Not a bad company, just a little expensive for his liking.


Price: $102.450
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: No
2016-12-01 PAST TOP PICK Enbridge Income Fund Holdings
ENF-T
Ross Healy

(A Top Pick Jan 26/16. Up 30.95%.) This stock is now getting to the point where it is now starting to get on the expensive side. Dividend yield of 5.4%.


Price: $34.350
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-12-01 TOP PICK Fairfax Financial
FFH-T
Colin Stewart

This has come off quite a bit recently, giving investors an opportunity to buy a high quality, global property/casualty insurance business. It is firing on all cylinders. For a long time, they’ve had an incredible long-term track record, but for the last number of years returns haven’t been as good. You have the insurance business operating at low 90%-91% combined ratio, so they are earning a lot of money there. Recently took off a lot of their equity hedges and got out of a lot of their bonds just before the election. There are now in an enviable position where they can redeploy their huge amount of cash into higher yielding investments. Trading at close to BV. Dividend yield of 2.28%. (Analysts’ price target is $764.97.)


Price: $637.600
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Yes
2016-12-01 BUY on WEAKNESS Fortis Inc.
FTS-T
Ross Healy

If you have some patience, and are not rushing to buy this, perhaps you could wait. At $44, the stock came hard against some pretty impressive technical resistance, and backed off about 10%. He would like it to come back another 10%.


Price: $40.190
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-12-01 BUY General Electric
GE-N
Colin Stewart

(Market Call Minute.) A great way to participate in an improving US economy. They’ve made a big bet on energy, so this is another way you can get some leverage to the energy sector. A good solid business and they pay a nice dividend.


Price: $31.390
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 HOLD Gildan Activewear Inc.
GIL-T
Ross Healy

A fairly, highly valued stock. It has been growing nicely, but when they get to the stretched end of their valuation range, he backs away. Wouldn’t rush out to buy this.


Price: $36.290
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 COMMENT Gilead Sciences Inc.
GILD-Q
Ross Healy

This has had one heck of a correction off its top, about 12 months ago. He has a downside target of $70, which would be a very, very attractive level to buy. Forecasted earnings are sloping off a bit, but the forward PE is only 6.75% times, the upside potential is over 100% and the company has a very nice balance sheet. If he can find this on good technical support with solid value, it’s the kind of stock that can give you quite a bounce.


Price: $72.840
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 DON'T BUY Hudson Bay Co.
HBC-T
Ross Healy

Can they compete with Nordstrom (JWN-N)? It falls on Nordstrom to prove that they can compete. Hudson’s Bay has had a sharp earnings fall off, and the stock remains quite a bit above its FMV. He would not be invested in this company.


Price: $14.920
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-12-01 DON'T BUY Hudson Bay Co.
HBC-T
Colin Stewart

A cheap stock and they are doing everything they can. Have made a lot of acquisitions and now owns Saks. They’ve expanded in the US. They are trying to focus on the higher end consumer, as opposed to being stuck in the middle and facing competition from the Walmart’s etc. A very, very difficult business and is obviously in secular decline.


Price: $14.920
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: No
2016-12-01 COMMENT Husky Energy
HSE-T
Colin Stewart

This is positioned to benefit, like many of the other large cap energy companies, from rising oil prices. It’s a big company with great assets. To the extent that they are going to get into the pipeline business, those assets are more stable and less volatile. Trading at a reasonably low cash flow level.


Price: $15.770
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: No
2016-12-01 BUY IBI Group
IBG-T
Colin Stewart

An engineering construction company, focused more on the architectural side. Poised to benefit from the infrastructure spending. They are also benefiting from the condominium boom where they are doing a lot of development and architectural work in Canada and the US. It had always been a good steady business, but they had too much leverage, and have been working hard to reduce that. As they reduce the debt, value will transfer from debt holders to the equity holders, and the share price will gradually increase over time.


Price: $6.000
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Yes
2016-12-01 COMMENT Intel
INTC-Q
Ross Healy

Earnings keep ratcheting upwards. Also, they have a superb balance sheet. FMV is about 50% higher than what it currently is. High-tech stocks, which were the winners in the Obama market, have been sloping off. He would love to buy this at about $29-$30, which is where you get really, really solid support.


Price: $33.760
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 SELL Johnson & Johnson
JNJ-N
Ross Healy

This is expensive. It is at a very high valuation level on a Price to Book basis. His FMV was about $125 with a technical ceiling at about $130. Thinks the stock has pretty much had it, and he wouldn’t be invested in it.


Price: $111.380
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-12-01 PAST TOP PICK JP Morgan Chase & Co
JPM-N
Colin Stewart

(A Top Pick Jan 28/16. Up 46.02%.) Even though the stock has had a good move recently, people don’t necessarily appreciate that these banks have been under such a difficult operating environment for so many years. This is still reasonably cheap, and could look even cheaper if the earnings go up a lot.


Price: $81.790
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Yes
2016-12-01 COMMENT Linamar Corp
LNR-T
Ross Healy

Magna (MG-T), Linamar (LNR-T) or Martinrea (MRE-T)? His preference has always been for Magna or Linamar, and as of late it has been for Linamar. Martinrea is certainly cheap here, but their plant is older and doesn’t quite have the oomph behind it that the other 2 do.


Price: $54.550
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 BUY on WEAKNESS Mastercard Inc.
MA-N
Colin Stewart

If you have a long-term time horizon this is a great company. A secular growth story, and if you believe that the trend of less cash and people spending more money with credit cards, a sort of a cashless society eventually, it would probably not be a bad time to buy when there is a reasonable pullback of 5%-10% in the share price. Not a cheap stock.


Price: $100.180
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 TOP PICK Manulife Financial
MFC-T
Ross Healy

This is definitely a beneficiary if bond yields go up. They’ve had some lovely earnings. This is basically a global company that happens to be headquartered in Canada. It will be a beneficiary of rising interest rates. Dividend yield of 3.13%. (Analysts’ price target is $24.03.)


Price: $23.440
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-12-01 HOLD Maple Leaf Foods
MFI-T
Colin Stewart

He still likes this. Everything is going well for them. Margins are improving, the balance sheet is pristine, they have a lot of extra cash, and have been looking at acquisitions. The recent dip and underperformance in the share price is entirely related to this sector rotation, where people don’t want to be in safe food stocks, but want to get into cyclicals. A weaker Cdn$ will benefit them and a stronger US economy will benefit them. There could even be a possibility of them being acquired by a US company.


Price: $28.000
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Yes
2016-12-01 COMMENT Magna Int'l. (A)
MG-T
Ross Healy

Magna (MG-T), Linamar (LNR-T) or Martinrea (MRE-T)? His preference has always been for Magna or Linamar, and as of late it has been for Linamar. Martinrea is certainly cheap here, but their plant is older and doesn’t quite have the oomph behind it that the other 2 do.


Price: $56.380
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 COMMENT Martinrea
MRE-T
Ross Healy

Magna (MG-T), Linamar (LNR-T) or Martinrea (MRE-T)? His preference has always been for Magna or Linamar, and as of late it has been for Linamar. This is certainly cheap here, but their plant is older and doesn’t quite have the oomph behind it that the other 2 do.


Price: $7.710
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 SELL New Flyer Industries Inc.
NFI-T
Colin Stewart

This stock has had a big run. Not a really expensive stock, but not a cheap one. Because they are dependent on states and government budgets, there is inherent risks. Given the run it has had, it is not a bad time to take profits.


Price: $41.570
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 COMMENT Premium Brands Holdings Corp
PBH-T
Colin Stewart

This has been a very good stock for the last number of years. Not cheap. The recent volatility has nothing to do with the company, but more to do with the sector. People have been selling what have been deemed as “safe stocks”, and this would fall into that category. These companies could come down as money rotates into other areas of the market.


Price: $67.650
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 PAST TOP PICK Pollard Banknote Ltd
PBL-T
Colin Stewart

(A Top Pick Jan 28/16. Up 10.77%.) A great little business run up of Winnipeg. Owners have a fair amount of equity stake along with the shareholders. One of the largest producers of instant scratch tickets globally. A growing business that is steady. Not expensive. Recently had a plant expansion in the US, which gives them a chance to grow.


Price: $8.160
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Yes
2016-12-01 BUY Pfizer Inc
PFE-N
Colin Stewart

This has suffered like other pharmaceutical companies from the perception that there is going to be a lot of pricing pressure and a lot of negative sentiment. With the recent change in the US, and the Trump administration poised to have a more supportive regulatory environment, this is a pretty interesting opportunity. Trading at 13X forward earnings with a dividend yield of 3.8%.


Price: $31.460
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Yes
2016-12-01 COMMENT Sherritt International Corp.
S-T
Ross Healy

This has gone into the tank, and the balance sheet has fallen away as they have taken off write-offs. It is now rallying with the metals. They are scheduled to lose another $.89 a share this year, which could erode the BV even further.


Price: $1.240
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 COMMENT Starbucks
SBUX-Q
Colin Stewart

Just announced that the CEO is stepping down, and the stock was down 3.5% after hours. That was an overreaction when you think about the magnitude of the chain and the market cap it represents. He is still going to be executive Chairman.


Price: $58.510
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 COMMENT Stantec Inc
STN-T
Ross Healy

The chart was drifting down, down, down and away, and then all of a sudden along comes Mr. Trump and gives North American infrastructure stocks a shot in the arm, and the stock jumped. There is quite strong overhead resistance at about $37, and his FMV is about $42, so the stock can move higher from here, but is not fabulous value until something interesting comes along.


Price: $36.210
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 TOP PICK StorageVault Canada
SVI-X
Colin Stewart

Management are very astute investors in the sector of storage. Not a cheap stock, trading at a fairly low cap rate. For public storage units, all the trends are going in the right direction. People living in smaller spaces like condominiums with less storage space available, people accumulating more and more junk over time. This is a leader in Canada and they are consolidating and growing. Dividend yield of 0.85%. (Analysts’ price target is $1.47.)


Price: $0.000
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Yes
2016-12-01 PAST TOP PICK Telus Corp
T-T
Ross Healy

(A Top Pick Jan 26/16. Up 14.9%.) Had chosen this as a low risk company with a decent dividend. It has paid off without being spectacular. He still likes the company.


Price: $41.600
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-12-01 COMMENT Trevali Mining Corp
TV-T
Colin Stewart

(Market Call Minute.) This is interesting. It is levered to zinc, and is one he is looking at. There is a supply deficit in zinc.


Price: $1.320
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: No
2016-12-01 SELL Unilever PLC
UL-N
Colin Stewart

(Market Call Minute.) Expensive. There are a lot of other places to invest in the market.


Price: $39.170
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: No
2016-12-01 COMMENT Visa Inc.
V-N
Ross Healy

Trading at about 30% above FMV. A lot of stuff that was working in the Obama market, looks as though it is unwinding in the Trump market. All those stocks got very, very expensive in what was essentially a monetary market, and may now be switching around. This is not cheap.


Price: $75.430
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 BUY on WEAKNESS Visa Inc.
V-N
Colin Stewart

(Market Call Minute.) Great, long term growth story. Probably a good one to buy on any type of material pullback.


Price: $75.430
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Unknown
2016-12-01 COMMENT Whitecap Resources
WCP-T
Ross Healy

This has run way, way ahead of its earnings. The consensus earnings is $0.21, which puts quite a healthy P/E ratio on it. Essentially, baked into the current price, is a higher oil price, possibly quite a bit higher. At the current price, it is up against some technical resistance. When you invest in oil companies, you are now speculating that oil prices are going up. If you are wrong, some of these companies are so far away from anything that resembles a reasonable value, that you have big downside risks.


Price: $12.120
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-12-01 TOP PICK Wells Fargo
WFC-N
Colin Stewart

He likes the US banks. This one, in particular, has lagged the group because of some of the problems they had earlier this year. Trading at a pretty reasonable valuation multiple. As interest rates move up, the net interest margins are going to expand significantly. Doesn’t think people appreciate how much earnings upside these banks have if net interest margins normalize. Over the next few years, there could be 50%+ upside on earnings per share. It is only trading at 12.5-13 times earnings. Dividend yield of 2.8%. (Analysts’ price target is $53.10.)


Price: $54.340
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: OPTIMISTIC
Owned: Yes
2016-11-30 N/A A Comment -- General Comments From an Expert
A Commentary
Lyle Stein

Market. The ground has shifted since Donald Trump’s election. He has come in with a view of lower taxes, “Making America Great Again” and interest rates have gone up 75 basis points in the last 3 weeks. Thinks we are in a decisive turn on bond yields. It is possibly the thirty-year turn. Yields have got ridiculously low. Commodities now have bids that we have been waiting decades to see.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2016-11-30 N/A A Comment -- General Comments From an Expert
A Commentary
Lyle Stein

Convert Cdn$ to US$ or buy Cdn stocks that have a lot of US exposure? He buys US stocks for areas in the marketplace that we don’t have in Canada. In the next 12 months, he believes the US will outperform Canada by quite a bit. More importantly, US interest rates are prone to rise faster. Owning Canadian companies with US operations gives you a secondary effect.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2016-11-30 N/A A Comment -- General Comments From an Expert
A Commentary
Gordon Reid

Market. He sees the market move as a secular one. It took years to develop, and it will take years to unwind. Although November was a catalyst that allowed for the acceleration of the process, it really started earlier than that. The 10-year treasury bottomed in July at about 135, and is now about 1% higher. Interest rates had generally started to move, and some of the related industries reacted to that. Anyone looking at what has happened over the last couple of weeks, might be thinking it is too late and that they can’t get into this rotation, should think again. He thinks it will go on for some time. Over time the reflation trade moves that we have seen will continue, and will reward the types of companies we have seen over the last couple of weeks. About 95% of his clients have a balanced portfolio, and in the fixed income portion, he has been very short on the curve. That has allowed him to come out of this with a very short duration of around 2 years. Currently he is about 50% overweight in the financials.


Price: $0.020
Subject: US EQUITIES
Bias: BULLISH
Owned: _N/A
2016-11-30 COMMENT Apple
AAPL-Q
Gordon Reid

Holding 10% in a portfolio. Cash out? 10% is pushing it in terms of concentration. He would prefer about half of that in a 20-stock portfolio, and would recommend taking a little off the table.


Price: $110.520
Subject: US EQUITIES
Bias: BULLISH
Owned: Unknown
2016-11-30 COMMENT Allergan PLC.
AGN-N
Gordon Reid

United Therapeutic (UTHR-Q) or Allergan (AGN-N)? This is a tough one because they are 2 very different companies. Of the 2, this is a much larger company and more broadly-based.


Price: $194.300
Subject: US EQUITIES
Bias: BULLISH
Owned: Unknown
2016-11-30 COMMENT Allied Properties REIT
AP.UN-T
Lyle Stein

Its assets are wonderful old buildings all across Canada. A very unique asset class. These are hot and where you want to be if you are a hip kind of company. It has been really well run with a strong kind of discipline. It can be volatile, and most recently because of interest rate increases and the decline in REITs in general. This is one of the favourite REITs, and has suffered alongside most REITs. Dividend yield of 4.5%.


Price: $33.890
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
Showing 1 to 60 of 159,024 entries
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