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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
2016-05-25 N/A A Comment -- General Comments From an Expert
A Commentary
David Burrows

Markets.  We have only so much patience.  The market broke the 2000 highs in the beginning of 2013 and has chipped itself sideways since then.  Every 3 years we get a really big decline.  Despite the fact we are near highs, the S&P sort interest is at all time highs.  There is tremendous bearishness yet he sees from his models that we have healthy markets.  He thinks there are a lot of people on the wrong foot on this market.  This is a great contrarian indicator. After a 2/3rd decline in energy we are likely to have a 50% upside. 


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2016-05-25 HOLD Altagas Ltd
ALA-T
David Burrows

Dividend growth is not what it was over the last few years.  You are buying it as a bond proxy, rather than a dividend growth stock going forward.  The dividend is okay but there are better names in the utilities.  H-T, for example.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 HOLD Alerian MLP ETF
AMLP-N
David Burrows

Energy infrastructure and pipelines.  They wrap up tax reporting into a single figure.  That is the attraction.  You are less likely to see volume growth with oil where it is.  This is going to be an income name only, no growth.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 BUY Brookfield Renewable Energy
BEP.UN-T
David Burrows

It is a good long term energy investment. 


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 TOP PICK Blackrock Inc.
BLK-N
David Burrows

Investment management company, absolute leader in ETFs.  Money is moving its way toward ETFs.  Money has been leaving equities this year but they are seeing net capital inflows.  Their margins are expanding.  17 times earnings.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Yes
2016-05-25 BUY Bank of Nova Scotia
BNS-T
David Burrows

BNS-T vs. NA-T.  Totally different.  BNS-T is a global bank leaning toward the Caribbean.  NA-T is not the same thing.  This environment is constructive for developed markets with energy prices staying stable.  He prefers more North American exposure so chooses NA-T.  He would prefer RY-T to either of these.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 PAST TOP PICK CitiGroup
C-N
David Burrows

(Top Pick Jun 4/15, Down 14.58%) Got stopped out and got out of financials last year.  This group looks quite attractive right now.  This one gives you global exposure.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: No
2016-05-25 BUY CCL Industries (B)
CCL.B-T
David Burrows

(Market Call Minute) Will continue to be attractive.  They have been great at executing.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Yes
2016-05-25 BUY Cineplex Inc
CGX-T
David Burrows

They have done a great job of executing.  It has been a good year with star wars.  It might be a tougher year next year.  They recently made a new high but looks like it is ready to lift.  He would have no problem owning it.  This one is attractive from a yield (3.1%) point of view.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: No
2016-05-25 BUY Cisco
CSCO-Q
David Burrows

They are at the heart of data transfer.  They are an absolute leader in the group.  Margins are rising and they are increasing their percentage of services.  As video picks up in use over the web they are part of the infrastructure.  The stock just broke out to new highs.  It is not expensive – 11 times earnings.  They are committed to returning 50% of free cash flow to investors.  19% per year dividend increases.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Yes
2016-05-25 DON'T BUY Canadian Western Bank
CWB-T
David Burrows

His macro view is that structurally energy could be tough for a longtime.  He does not like something that his broken and that you hope is fine.  He prefers outside of Western Canada.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 BUY Walt Disney
DIS-N
David Burrows

(Market Call Minute) The one concern is the loss of subscribers at ESPN.  They are firing on all cylinders, however.  The consumer discretionary group should start to lift here.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 BUY Facebook
FB-Q
David Burrows

Internet media is one of the key themes.  This one looks very, very attractive.  They are doing a great job in mobile and on the desktop as well as in video.  They are growing users monthly.  Payments are going to be bigger, only about 5% now.  PNQI-Q includes a basket of these companies, also.  You should have exposure to this theme.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 PAST TOP PICK FedEx
FDX-N
David Burrows

(Top Pick Jun 4/15, Down 7.39%) They started the correction last spring.  They bottomed at $120 last February and are now at $160.  He would have no problem owning it right now.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: No
2016-05-25 BUY Fortis Inc.
FTS-T
David Burrows

Income replacement is a key theme in this market.  FTS-T is a wonderful company that has raised its dividend forever.  There is no sign of it stopping.  This is not going to be a rocket ship if the market works its way higher.  It will have significantly lower volatility. 


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 TOP PICK Honeywell International
HON-N
David Burrows

We are in a connective world.  They are big in auto and heating efficiency.  Everything is connected.  Sensors and connective devices.  They grew free cash flow.  13% annual dividend growth.  It is not an expensive stock.  They are the market share leader in every market they are in.  16 times earnings.  He likes industrials and connected devices along with dividend growth.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Yes
2016-05-25 HOLD Keyera Corp
KEY-T
David Burrows

Don’t buy the laggards.  It is going to be okay, like a bond proxy.  It is not likely to go back to the highs any time soon.  Slower dividend growth.  Does not expect it to be a strong performer. 


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 TOP PICK Medtronic Inc
MDT-N
David Burrows

Cardiac implants, spinal implants and diabetes devices.  A play on the secular theme of spending on healthcare.  They are all about scale.  It is fundamentally very attractive.  They have a dominant role and can save the system money with their implants.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Yes
2016-05-25 PAST TOP PICK Manulife Financial
MFC-T
David Burrows

(Top Pick Jun 4/15, Down 13.63%) He got out due to a stop loss.  The insurance group is showing strength but he would prefer SLF-T.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: No
2016-05-25 BUY Magna Int'l. (A)
MG-T
David Burrows

They are dependent on sentiment around the auto cycle, which some think is running out of gas.  He thinks it is a mid-cycle slow down.  He thinks recession is unlikely and that Europe will pick up.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 DON'T BUY National Bank of Canada
NA-T
David Burrows

BNS-T vs. NA-T.  Totally different.  BNS-T is a global bank leaning toward the Caribbean.  NA-T is not the same thing.  This environment is constructive for developed markets with energy prices staying stable.  He prefers more North American exposure so chooses NA-T.  He would prefer RY-T to either of these.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 HOLD New Flyer Industries Inc.
NFI-T
David Burrows

(Market Call Minute) It is on a tear.  Behaving well.  Weak Canadian dollar continues to help them.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Yes
2016-05-25 BUY Norbord Inc
OSB-T
David Burrows

(Market Call Minute) He likes the housing cycle and it is hard not to like this one.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 BUY Royal Bank
RY-T
David Burrows

He is bullish on financials.  This one is coming back into a leadership role.  A nudge in rates would be very positive for them.  Their exposure to capital markets puts them into a good position if markets slowly improve.  Consider US banks also, such as JPM-N.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Yes
2016-05-25 BUY Shire PLC
SHPG-Q
David Burrows

(Market Call Minute) He likes pharma and the more North American focus.  Prefers JNJ-N but is okay with this one.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 DON'T BUY Skyworks Solutions Inc.
SWKS-Q
David Burrows

It has not performed well over the last while.  He prefers a company line NVDA-Q where they are in the middle of graphics on the internet.  It is higher margin product that SWKS-Q. 


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 COMMENT iPATH S&P 500 VIX Short-Term
VXX-N
David Burrows

The VIX is at a 52 week low.  When the market pulled back, volatility did not move.  It is counter to the herd mentality that there are big problems in the markets.  He has been short the VIX.  There are no signs in the market that there are any systemic problems.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-25 HOLD Wells Fargo
WFC-N
David Burrows

You have to remember that stocks spend a lot of time doing nothing.  WFC-N are dominant in the mortgage market and will benefit as the housing market does.  Financials were underperforming until about 6 weeks ago.  We are seeing signs of domestic improvement in the US.  Be patient.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CONTRARIAN
Owned: Unknown
2016-05-24 N/A A Comment -- General Comments From an Expert
A Commentary
Andrey Omelchak

Markets. There is a lot of free credit. Central banks globally have opened up the taps, and as a result there is a lot of mispriced securities. He is not sure what the end result will be. The question is if this is justified at this time. We will only find out the answer in the future. It is good to be prudent in this environment. He likes to invest in companies that don’t have input variables where there is no control or a high degree of predictability on.


Price: $0.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: _N/A
2016-05-24 COMMENT A Comment -- General Comments From an Expert
A Commentary
Andrey Omelchak

Lithium stocks? There is a lot of talk as to whether lithium is the next big thing or not, and whether or not electric cars will be the major type of cars manufactured, especially in North America. Storage of energy is a big problem, and you need lithium to do that. It is pretty safe to say that lithium demand will increase going forward. Feels we are in the early innings. There are not too many global providers of lithium. You really have to pick your spot.


Price: $0.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 N/A A Comment -- General Comments From an Expert
A Commentary
Jennifer Radman

Markets. It continues to be the macro picture that drives momentum and sentiment, and it all seems to be stemming from the US Federal Reserve and expectations about when are they going to raise rates. There are a lot of implications for the US$ versus the rest of the basket. We have seen huge moves at the end of last year, and then year to date a reversal of a lot of that. Because the dollar is tied to commodities, there have been big runs in a lot of the commodity names. A very different picture year-to-date in the Canadian market than anywhere else globally. Whenever she gets macro noise that is taking the markets around, she tries to look for where opportunities are. The biggest thing is, will interest rates remain low enough for valuations to continue to make sense. She thinks they will. Doesn’t expect anybody will be in a rush to raise rates. Beyond that, what really drives things, is individual securities. Valuations are at bit higher than normal because of the low rate environment. The 2nd piece is earnings, and when she looks at this we are no longer in structural, so 1 is the aging population and 2 is the debt, and we are no longer in a situation where the entire economy is growing. She has been advocating that it is going to be really difficult to do well in the market going forward with a passive approach, because the 2 things you need to do well is 1) valuations coming off lows or 2) broad-based economic growth. It is going to be more and more important in the high valuation/low growth world to really pick your spots with a portfolio that is more focused than broad market based.


Price: $0.020
Subject: US LARGE
Bias: UNKNOWN
Owned: _N/A
2016-05-24 DON'T BUY Air Canada (B)
AC-T
Andrey Omelchak

Had a great run and has been one of the best investments recently. They’ve done many things right in spite of many hiccups. He is always careful when investing in any airline. Throughout the cycle it is not a good investment, but from time to time you get those unique opportunities where you get an uptick in the industry and they fix the problems. This one has had both. At this time, he is very careful about investing in any airline, because he feels the industry is starting to peak and there is increased competition.


Price: $9.580
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-05-24 DON'T BUY Aimia
AIM-T
Andrey Omelchak

Has a one-year contract with Air Canada (AC-T) and you don’t know if that will be renewed. Be very careful with this. Have a sizable level of debt, and he is not quite sure how the business model will evolve. Despite the potential of a high dividend yield, you have to stay away until there is a resolution of sizable contracts for negotiation.


Price: $7.790
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 BUY on WEAKNESS Aecon Group Inc
ARE-T
Andrey Omelchak

(Market Call Minute.) This is more of a trading stock. They have a backlog that has picked up quite nicely due to infrastructure spending that is happening. If you can get this cheaper, that would be great.


Price: $17.350
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 COMMENT Bank of America
BAC-N
Jennifer Radman

Banks are spread earners, so the more that interest rates move up, the more of a spread they can get and there is less pressure on the business. Changing expectations took a bit of life out of all the banks. She prefers Citibank (C-N) which is trading at a bigger discount to BV. However, the big picture drivers are all the same.


Price: $14.680
Subject: US LARGE
Bias: UNKNOWN
Owned: No
2016-05-24 BUY on WEAKNESS Airboss of America
BOS-T
Andrey Omelchak

(Market Call Minute.) Great company that is well-run. A long-term hold with the opportunity to buy it on weakness.


Price: $14.240
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 TOP PICK Broadridge Financial Solutions Inc.
BR-N
Jennifer Radman

This helps financial institutions. When they do investor communications, such as proxy voting or management change, unit voters have to vote, and this company facilitates 90%+ of the proxy voting. There is so much pressure on financial institutions with new regulations coming up. Dividend yield of 1.84%.


Price: $65.360
Subject: US LARGE
Bias: UNKNOWN
Owned: Yes
2016-05-24 COMMENT Caterpillar
CAT-N
Jennifer Radman

Their segments include mining, energy exposure and construction around energy. If you look at all their segments, there is just no good part of the business that is working right now. Have done a fantastic job of managing costs, but it is a very tough environment. The big question is, where are we in the cycle and are we close to a bottom. Expectations are still being reset lower with some caution on the stock. Reported in April and earnings came in slightly below. Revenue was better, but they did cut their profit outlook.


Price: $71.090
Subject: US LARGE
Bias: UNKNOWN
Owned: Unknown
2016-05-24 COMMENT Costco Wholesale
COST-Q
Jennifer Radman

A great business, but she is more neutral on the name. As much as it is a good business, it is suffering from a bit of the same dynamic as retail sales across the US. Not sure where the incremental growth is going to come from. She would be looking for something with a more favourable risk/reward dynamic.


Price: $142.570
Subject: US LARGE
Bias: UNKNOWN
Owned: No
2016-05-24 PAST TOP PICK Cisco
CSCO-Q
Jennifer Radman

(A Top Pick Aug 13/15. Up 1.73%.) Old school technology that people think is going to get slaughtered by newer technologies. The company has shown a very good ability to redefine how it operates and bring product to market. Have been able to grow revenue and hang onto margins, when the expectation was that it wouldn’t. They’ve seen success in getting more recurring revenue through more services and software in their product mix, which they are now going to use more in the rest of their product line.


Price: $28.470
Subject: US LARGE
Bias: UNKNOWN
Owned: Yes
2016-05-24 TOP PICK Cisco
CSCO-Q
Jennifer Radman

With this one, you have the valuation on your side. You have had the threat that it should be showing up in the results, but it is not. Have done a very good job of transitioning. They have a fantastic client base and they are asking them what they need to do. There is still a lot of upside based on the valuation. Dividend yield of 3.65%.


Price: $28.470
Subject: US LARGE
Bias: UNKNOWN
Owned: Yes
2016-05-24 COMMENT Chevron Texaco
CVX-N
Jennifer Radman

Oil prices in the US kind of move opposite to the US$, giving you a kind of offset. Oil exposure in Canada moves truer to what oil prices actually are doing. This gives US companies less volatility. The dividend is this company’s #1 priority. They are looking more at divesting assets as opposed to buying opportunities, and are more focused on short cycle projects.


Price: $100.190
Subject: US LARGE
Bias: UNKNOWN
Owned: Yes
2016-05-24 DON'T BUY Concordia Healthcare
CXR-T
Andrey Omelchak

Have made a tremendous number of acquisitions in the past. It is now generating a high return on equity and free cash flow. 4th quarter results were excellent. All this looks great, but at the same time they have put the company up for sale. There are some regulatory concerns in the whole industry, and anything can happen. However, they have a good profile of products. He questions why they have put this up for sale if it such a great business. Feels there is downside protection, but in terms of the upside we just don’t know what will happen.


Price: $40.930
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-05-24 COMMENT Deere & Co.
DE-N
Jennifer Radman

The economy has just gone through a commodity -type cycle. The question is, when is the cycle going to bottom out. Because we have had such a long commodity cycle, it is a really tough question to answer. Prefers taking other types of cyclical risks.


Price: $79.640
Subject: US LARGE
Bias: UNKNOWN
Owned: No
2016-05-24 COMMENT DH Corporation
DH-T
Andrey Omelchak

One of Canada’s best companies. They’ve really transformed the business over the last 4-6 years. Used to be a cheque manufacturing company for Canadian banks, but are now focused more on technology. Has a very highly predictable and highly secure revenue stream. Was under attack recently by short-sellers, but he believes the allegations were misplaced. This is going to be a very solid long-term hold for years to come.


Price: $34.510
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 COMMENT Diversified Royalty Corp.
DIV-T
Andrey Omelchak

A pretty good company, based in Calgary. They are trying to acquire different assets which they can generate free cash flow from in order to pay high dividend yields. Currently it is a very high payout ratio. He is a bit concerned about their latest acquisition which they have potentially overpaid for. Over the long-term, the management team is very smart and really know what they are doing, and will build a good business and continue paying a high dividend yield.


Price: $2.250
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 TOP PICK Amdocs
DOX-Q
Jennifer Radman

This company does the back end for a lot of the telco companies and the cable companies. When you had your 1st cell phone, you had minutes, but now you can bundle with half your office plus your grandmother, etc. It is so complicated trying to figure out how much data you are using and what you are getting billed for, and this company puts all that together. AT&T is their big customer. Dividend yield of 1.36%.


Price: $57.230
Subject: US LARGE
Bias: UNKNOWN
Owned: Yes
2016-05-24 HOLD Medical Facilities Corp.
DR-T
Andrey Omelchak

A pretty good company overall. Operates 6 facilities in the US. Dividend yield of approximately 6.4%, which he believes is sustainable. Management has a net cash position. They recently appointed a new CEO, who he thinks will increase their focus on new M&A activities. The risk is what will happen on the regulatory front. You really have to understand what is happening in terms of reimbursement trades and the Medicare and Medicaid situation. Doesn’t know how the industry will evolve, and this is a big question mark. However, feels this is one of the better managed companies. Not trading at a very expensive multiple. Because of regulatory concerns don’t overweight your position.


Price: $18.000
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 HOLD Descartes
DSG-T
Andrey Omelchak

(Market Call Minute.) A great company that has capitalized on the trends of monitoring and security. This is a long-term hold, despite seemingly being expensive.


Price: $26.690
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 SELL Brinker International
EAT-N
Jennifer Radman

(Market Call Minute.)


Price: $44.300
Subject: US LARGE
Bias: UNKNOWN
Owned: Unknown
2016-05-24 TOP PICK Element Financial
EFN-T
Andrey Omelchak

Earlier this year they announced plans to separate the company into 2 entities. One is a fleet business and the other is asset management. Thinks we are on the verge of a major re-rating on the back of this split. Both businesses are high quality and will both generate high ROE’s. The company is largely undervalued on the back of this. Dividend yield of 0.65%.


Price: $15.520
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-05-24 BUY CGI Group (A)
GIB.A-T
Andrey Omelchak

One of the better run Canadian companies. Has a high return on equity and extremely well managed. Had a bit of a hiccup in the US because of implementation, but those things happen. They will continue delivering. A tremendous organization. Every year they conduct tens of thousands interviews with their clients. They understand the trends and are always at the forefront of those trends. They keep ahead of their competition. A great company to own for the long-term.


Price: $60.050
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-05-24 SELL Corning Inc
GLW-N
Jennifer Radman

(Market Call Minute.)


Price: $20.090
Subject: US LARGE
Bias: UNKNOWN
Owned: Unknown
2016-05-24 BUY on WEAKNESS General Motors Corporation
GM-N
Jennifer Radman

Another example where we haven’t seen that big of a fall off in terms of operating metrics or auto sales in the US or globally. However, at the same time there is a fear that something bad is going to happen. A lot of these have been under pressure because people are feeling we are at the end of the cycle. There is a lot of volatility in these types of names, and there could be a better entry point.


Price: $31.050
Subject: US LARGE
Bias: UNKNOWN
Owned: Unknown
2016-05-24 COMMENT Home Depot
HD-N
Jennifer Radman

A lot of consumer spending is on the home. A lot of good stuff is happening in this company. They are executing very well. Growth has been great. The valuation is what is keeping her on the sidelines.


Price: $133.360
Subject: US LARGE
Bias: UNKNOWN
Owned: No
2016-05-24 HOLD High Liner Foods
HLF-T
Andrey Omelchak

This is a long-term Hold, not a short-term play. They capitalize on the trends of seafood and healthier eating, which are currently very strong across North America. Historically they’ve done an outstanding job, making very good acquisitions, integrating them well. Lately have run into some problems. Organic growth has been negative and they’ve taken on too much debt. They have a leveraged situation which they are now addressing. Feels they’ve done a pretty good job recently in improving the business, and you should see them going back to the positive growth rate.


Price: $18.690
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 COMMENT Industrial-Alliance Life Ins
IAG-T
Andrey Omelchak

Industrial Alliance Group (IAG-T) or Intact Financial (IFC-T)? This is a fantastic company and really well-managed. CEO has done a tremendous job. The company understands risk management. He would not want to bet against this in the long run. It is hard to choose between these 2. They are both long-term holds and they both know how to manage risks.


Price: $42.200
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 COMMENT Intact Financial
IFC-T
Andrey Omelchak

Industrial Alliance Group (IAG-T) or Intact Financial (IFC-T)? When you have a great business and there is a one-time event that is not replicable, and the company sells off in a material fashion, this is one of the best investment opportunities, and is the kind of opportunity that Intact Financial represents. It is hard to choose between these 2. They are both long-term holds and they both know how to manage risks.


Price: $91.880
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 COMMENT Innova Gaming Group
IGG-T
Andrey Omelchak

Everybody has been excited about the gaming stocks, but now the tide has changed quite a bit. He looked at this briefly, but wasn’t particularly excited about the portfolio product they have. If investing in this sector, there are several considerations you have to keep in mind. 1.) Make sure the company has a product that is less prone to regulations. 2.) Make sure you have the best player. He is very skeptical about investing in small gaming companies.


Price: $1.170
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 HOLD Kirkland Lake Gold
KGI-T
Andrey Omelchak

(Market Call Minute.) Great management team that has excellent operational experience. They’ve really delivered. Have improved the quality of the gold they are getting.


Price: $10.330
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 HOLD McDonalds
MCD-N
Jennifer Radman

(Market Call Minute.) Still posting negative comps, and yet because they are getting better it is being priced in the market.


Price: $123.950
Subject: US LARGE
Bias: UNKNOWN
Owned: Unknown
2016-05-24 HOLD Manulife Financial
MFC-T
Andrey Omelchak

Has had a number of issues in the past, especially with their US investments. Have fixed some of the issues so it is now a better managed company. Wouldn’t consider this as “Best in class”, but more or less in the middle of the pack. Their Japanese operations are very good.


Price: $19.370
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 DON'T BUY Merus Labs International
MSL-T
Andrey Omelchak

Trying to focus on European markets which they feel is less prone to regulation as each jurisdiction in Europe is regulated separately. Have done a number of acquisitions. However, some of the drugs in their pipeline have a declining profile, so you have to be really careful to understand how their base business is doing and how much they are paying for acquisitions. It is hard to gauge whether they have overpaid are not for the right acquisitions, but he doesn’t feel they got them cheap. Also, they have utilized the stock price to pay for some of those. Be very careful on this one.


Price: $1.700
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 HOLD New Flyer Industries Inc.
NFI-T
Andrey Omelchak

This is one of the great Canadian companies. There is a huge bus replacement cycle happening in the US, and there is more and more capital being allocated to this. The company is capitalizing on the huge industry trend, and at the same time management is doing a great job in operating facilities efficiently and providing the product to the different municipalities. Thinks they will continue surprising on the upside in terms of their profitability and their margin expansion and there will be an increasing ROE and ROC. Feels there is still much more wind behind their back. Run by a top management team. There is a multiyear cycle happening right now.


Price: $40.870
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 COMMENT Neulion
NLN-T
Andrey Omelchak

A pretty good company. Just renewed their contract. They are doing a pretty good job in providing technology that is needed to generate high-quality content. A good free cash flow generator. Currently trading closer to its fair value, and this could be a potential take out candidate if they continue delivering.


Price: $1.070
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 COMMENT Pacific Insight Electronics
PIH-T
Andrey Omelchak

They’ve done a tremendous job in delivering, especially since the beginning of the year. Has been able to integrate into the different automobile manufacturers and provides a product that runs better than most of the competition. Not only has there been an increase in new US vehicles, but also the content they provide per vehicle has skyrocketed. It could also be a potential take out candidate. Expects continued ongoing good deliveries, seeing how the industry is shaping up.


Price: $12.830
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 HOLD Power Financial Corp
PWF-T
Andrey Omelchak

A solid Canadian company paying a pretty good dividend yield with good management. Their business is predictable and sustainable with no pending regulatory changes. A good Hold for income oriented investors.


Price: $31.700
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 PAST TOP PICK Robert Half International
RHI-N
Jennifer Radman

(A Top Pick Aug 13/15. Down 26.49%.) Provides staffing services, to mostly middle size companies in the professional space. Has been her most frustrating position by far. Nothing bad is actually happening, and in fact results still look very good, but it is the fear of an expectation of a recession, and how the earnings will look in that sort of environment. This still has a very strong growth rate for the type of economy that we are currently in. She would have had this as a Top Pick but had it the last time she was on.


Price: $40.800
Subject: US LARGE
Bias: UNKNOWN
Owned: Yes
2016-05-24 COMMENT Starbucks
SBUX-Q
Jennifer Radman

Valuation has always scared her. A lot of good stuff has already been factored in. This is an example of a lot of great things happening with the company. Really likes their innovative management, rolling out technology in a coffee shop.


Price: $55.440
Subject: US LARGE
Bias: UNKNOWN
Owned: No
2016-05-24 HOLD Sun Life Financial Inc
SLF-T
Andrey Omelchak

Feels the insurance sector is underappreciated and there is room for potential upside, especially relative to the banks. A solid hold for the long-term, but you have to decide whether you want to be in the insurance space or the banking space. He would be more motivated by insurance.


Price: $45.500
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 COMMENT Under Armour
UA-N
Jennifer Radman

A great and exciting brand. Have a lot of top-notch athletes they have signed to the label. Most of the younger kids coming up and playing sports are under this label. It is also benefiting from the overall athletic trend for people who are looking for the sporty look. Thinks the market is expecting 25% growth in earnings this year, and yet there is still a 60X earnings multiple on the stock. When you get into these types of valuations, a lot of the excitement is already priced in. A bit rich for her.


Price: $38.220
Subject: US LARGE
Bias: UNKNOWN
Owned: No
2016-05-24 BUY Union Pacific Corp
UNP-N
Jennifer Radman

(Market Call Minute.)


Price: $81.290
Subject: US LARGE
Bias: UNKNOWN
Owned: Unknown
2016-05-24 COMMENT UrtheCast Corp
UR-T
Andrey Omelchak

Takes high-definition pictures and videos from space, and can monetize this with their partnerships. However, the proof is really in the pudding. To date they haven’t generated much in terms of cash flow. They still need to install more cameras. When all cameras are placed in one space station you have to be careful, even though they have this insured. This is more of a speculative story.


Price: $1.050
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-05-24 HOLD Viacom Inc.
VIAB-Q
Jennifer Radman

(Market Call Minute.)


Price: $41.300
Subject: US LARGE
Bias: UNKNOWN
Owned: Unknown
2016-05-24 COMMENT Walgreen Boots Alliance
WBA-Q
Jennifer Radman

This did the Boots’ acquisition which gives them the 1st cross-border type of benefit. She has stayed away from a lot of these consumer staple kind of names, on the prospect of a higher interest rate. Ever since the recession there has been a huge need for yield.


Price: $77.150
Subject: US LARGE
Bias: UNKNOWN
Owned: No
2016-05-24 PAST TOP PICK Whirlpool Corp
WHR-N
Jennifer Radman

(A Top Pick Aug 13/15. Up 2.13%.) It’s the housing side of things and consumer spending that is doing well in the US economy. The company is getting some product launches and some good momentum. Recently did acquisitions in Europe and China which are starting to do well. Also, has some Brazil exposure amounting to about 15% of its revenue. Still likes.


Price: $174.250
Subject: US LARGE
Bias: UNKNOWN
Owned: Yes
2016-05-24 COMMENT Wal-Mart Stores Inc.
WMT-N
Jennifer Radman

Same-store sales was a bit of an issue in an unexciting stock. It is so big and so entrenched that it is hard to see how they really get beyond GDP growth kind of revenue. She is on the sidelines for this.


Price: $70.240
Subject: US LARGE
Bias: UNKNOWN
Owned: No
2016-05-24 TOP PICK Exco Technologies
XTC-T
Andrey Omelchak

Specializes in providing different support things for the automobile sector, so are really capitalizing on this uptrend in autos. Well-managed with a top notch management team. They are having a CEO transition, which he is not too concerned about, as the past CEO will become chairman. The stock has been beaten down with the sector, which he feels is premature. Everybody is speculating that new car sales have reached their peak. Even if that is so, this company is trading at extremely attractive valuation multiples. They have quite a bit of revenue coming from outside of North America. Feels they will also have opportunities to deploy excess capital. Has about $30 million in excess capital. Dividend yield of 2.25%.


Price: $12.540
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-05-24 TOP PICK Yellow Media Inc
Y-T
Andrey Omelchak

This has evolved from a Yellow Pages directory into a media company. 62% of their revenues come from their media assets. They are repaying their debt very aggressively and improving their capital structure. They’ve done this in France, and are now doing it in Canada. Trading at very attractive EBITDA multiples.


Price: $19.220
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-05-20 N/A A Comment -- General Comments From an Expert
A Commentary
Cameron Hurst

Market. Feels the US bull market is getting mature, and you have to be a little more selective, but there are spots that are working. Something interesting that is playing out right now is that there are currently significant potential negative outcomes that people are fussing and worrying about. Donald Trump has been sabre rattling like crazy in a horrible and corrosive campaign. That is very destabilizing for markets. If he becomes US president, he has no experience, no political pedigree, and doesn’t know how to make Washington work, which is a bit nerve-racking. Markets feed off certainty better than uncertainty, predictability better than the opposite. He doesn’t think it will ultimately happen.


Price: $0.020
Subject: US EQUITIES
Bias: UNKNOWN
Owned: _N/A
2016-05-20 N/A A Comment -- General Comments From an Expert
A Commentary
Jaime Carrasco

Markets. The uncertainty in the market is going to be with us right through to the end of the year. The biggest unknown is the Central Banks and how much of a mess have they really created. He has been on the negative side, not believing that the experiment would work. Because of that, there are a lot of really smart people on Wall Street preparing themselves by buying insurance against a negative outcome of their actions. The best protection for that is gold. The demand for gold is continuing to increase, and on top of that the price is being kept down by what he thinks is a little bit of counterfeit on the futures market. Right now we have 500 contracts that are paper versus one actual insurance policy. That is not going to last. The real demand will continue to pick up going forward. If the central banks have lost control, as he thinks, they won’t be able to raise rates and are going to have to play the negative rate environment. For Canadian investors it is important to understand that our government has sold all of its gold. The Cdn$ is going to be in a negative unwinding of this. He particularly recommends that Canadian clients hedge themselves by allocating some of their investment assets into gold.


Price: $0.020
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: _N/A
2016-05-20 COMMENT A Comment -- General Comments From an Expert
A Commentary
Jaime Carrasco

Energy. Has been out of this since October 2014, but now thinks we have hit bottom and it is a good time to start adding some really cheap stocks in this area.


Price: $0.020
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 WAIT Alcoa
AA-N
Cameron Hurst

Wouldn’t go into this just yet. It is still firmly in the value investor camp. Starting to gain traction and commodity stabilization is starting.


Price: $9.110
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2016-05-20 COMMENT Amerisourcebergen Corp
ABC-N
Cameron Hurst

A big drug distributor. Part of the problem is drug pricing, and generic pricing has become a bit of a political issue as well. Have a sustainable and growing dividend, but now it is in a situation where even if management gets it all right, there is a huge investor turnover to work through before starting to make your money back. He tends to avoid these because the return over time is not very good.


Price: $74.820
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2016-05-20 COMMENT Artis Real Estate Investment Trust
AX.UN-T
Jaime Carrasco

Artis REIT (AX.UN-T) or Crombie REIT (CRR.UN-T)? Likes Crombie as a good place to start adding, which he is doing right now. He likes the food side and their attachment to Sobey’s. On this one he is wondering at what point he starts to enter again.


Price: $13.550
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Unknown
2016-05-20 BUY Brookfield Renewable Energy
BEP.UN-T
Jaime Carrasco

Although he cut back on his REITs last fall, he is now adding back because some of the yields are quite nice. However, he is still cautious on the sector. Likes this one and is adding to his holdings. Have great properties globally. Dividend yield of 6.13%.


Price: $38.040
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 TOP PICK Barkerville Gold Mines
BGM-X
Jaime Carrasco

This is going to become one of Canada’s highest producing gold mines. It is in BC with low political risk. High grade gold and they start production sometime this year.


Price: $0.485
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 COMMENT BTB Real Estate Investment Trust
BTB.UN-T
Jaime Carrasco

(Market Call Minute.) Not a bad REIT. Good yield.


Price: $4.680
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Unknown
2016-05-20 COMMENT Cameco Corporation
CCO-T
Jaime Carrasco

This is strictly a supply/demand scenario. Right now there is so much momentum in other things that he would be shoring up those monies in the areas where he sees momentum coming, and that would be on precious metals.


Price: $14.920
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Unknown
2016-05-20 COMMENT Crombie Real Estate Investment Trust
CRR.UN-T
Jaime Carrasco

Artis REIT (AX.UN-T) or Crombie REIT (CRR.UN-T)? Likes this one as a good place to start adding, which he is doing right now. He likes the food side and their attachment to Sobey’s. He has just raised the target. A very steady, safe, boring business that generates a lot of cash flows.


Price: $14.720
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 HOLD Cominar Real Estate Inv Tr
CUF.UN-T
Jaime Carrasco

Why have they discontinued the DRIP? If a company has stopped their DRIP program, it’s more that they don’t want to continue issuing shares and continuing its dilution. REITs are a good place to be, and this is one of the better ones. His company has it as a Sector Perform with a $17.50 target in 12 months.


Price: $17.390
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: No
2016-05-20 COMMENT CVS Health Corp
CVS-N
Cameron Hurst

You are dealing with a staple, so you have a rich valuation. Likes their diversified model with the retail component and the PBM (Pharmacy Benefits Management). They put up very consistent double digit growth. Trading at 15-17 times, so you are paying for it, but you are also paying for its consistency. He would be very comfortable with this name.


Price: $99.460
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2016-05-20 PAST TOP PICK Dream Global REIT
DRG.UN-T
Jaime Carrasco

(A Top Pick May 1/15. Down 2.34%.) Reduced his holdings. He likes to hold this and the Australian REIT to diversify his REIT exposure globally. This one has a lot of very good properties in Germany, and it’s all commercial. Germany is at the bottom, and this is a good place to be adding to. Dividend yield of 8.8%.


Price: $9.090
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 HOLD Eurocontrol Technics Group Inc
EUO-X
Jaime Carrasco

One of the more hidden high-tech plays within his portfolio. He likes management. At the molecular level, they can track oil to see if it has been diluted or not. In this whole terrorism thing, this has become a very big deal. A very interesting technology and going forward they will do quite well.


Price: $0.190
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 DON'T BUY Ford Motor
F-N
Cameron Hurst

(Market Call Minute.) Strong OEM story. A lot of it has been played out. Feels we are now in a toppy auto cycle. He would be a little cautious.


Price: $13.190
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2016-05-20 DON'T BUY Fitbit Inc
FIT-N
Cameron Hurst

(Market Call Minute.) This falls into the fad investing category. He is not entirely convinced that it is that effective.


Price: $14.600
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2016-05-20 TOP PICK Franco-Nevada Corp
FNV-N
Cameron Hurst

A relatively conservative play on gold. He likes the royalty streaming assets that they do, as opposed to being in the ground and trying to dig it out where you have a lot more risk and volatility. He likes gold right now, based on global negative interest rates. Dividend yield of 1.36%.


Price: $65.520
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2016-05-20 HOLD First Majestic Silver
FR-T
Jaime Carrasco

To him this is a top in silver companies. He is quite happy to hold on right now.


Price: $15.040
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 PAST TOP PICK Freehold Royalties
FRU-T
Jaime Carrasco

(A Top Pick May 1/15. Down 33.06%.) He got stopped out on this.


Price: $11.160
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: No
2016-05-20 COMMENT Gibson Energy
GEI-T
Jaime Carrasco

Not a bad place to start adding. Doesn’t see this as an energy company, but more as a pipeline. Dividend yield of 8%, which he thinks they can maintain.


Price: $16.150
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 COMMENT Hudbay Minerals Inc
HBM-N
Cameron Hurst

The chart on copper is very early. The commodity cycle seems to be getting its footing. A lot of this has to do with China. Still pretty early. There is a strong earnings revision cycle, especially on something that can be is highly torqued as minerals.


Price: $3.860
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2016-05-20 PAST TOP PICK Home Depot
HD-N
Cameron Hurst

(A Top Pick Aug 21/15. Up 15.92%.) Feels very comfortable with this. It just continues to tick along in the band of top growth rate. US housing market is doing really well and this feeds into both sides of this company, the Pro and the DYI.


Price: $131.850
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2016-05-20 DON'T BUY Hewlett-Packard Co
HPQ-N
Cameron Hurst

Chart does not look strong. You have to validate as many factors as you can to raise the odds of success, and he does this by using technicals. This company gets tripped out of his process by the technicals. A great company, but not a great stock right now. This company is not really strong in the higher growth segment. 4.25% dividend yield.


Price: $11.660
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2016-05-20 WAIT H&R Real Estate Inv Trust
HR.UN-T
Jaime Carrasco

His only concern would be their Alberta properties. This is one of the most solid REITs in Canada. Wouldn’t be too concerned about the yield, but wouldn’t necessarily overweight it because of its regional exposure to Alberta.


Price: $21.770
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Unknown
2016-05-20 HOLD Lithium Americas Corp
LAC-T
Jaime Carrasco

All of a sudden there is a whole slew of interest on lithium, but thinks some of the stocks have gotten ahead of themselves. If you already own this, he would continue to Hold. The company has a particularly good project in Argentina, where there is a lot of lithium out of salt beds. They have done a joint venture with SQM out of Chile, one of the biggest players in lithium, which bodes really well for this company.


Price: $0.880
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: No
2016-05-20 PAST TOP PICK Monster Beverage Corp
MNST-Q
Cameron Hurst

(A Top Pick Aug 21/15. Up 6.68%.) Coke (KO-N) has a 20% stake, and that ultimately opened up international distribution in a big way. Also, pulled in some margin accretive aspects of the business, such as concentrates and syrups. Thinks this ultimately become part of Coca-Cola.


Price: $147.900
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2016-05-20 COMMENT Netflix Inc.
NFLX-Q
Cameron Hurst

This was one of the driving forces behind the upgrade in content on TV and they did really well. From his perspective, it looks good. Trading strongly and has come off the bottom. Because the stock had such a huge run last year, it probably needs some time to work that off, and might become investable again. If you are nervous, this is the kind of name that you could trim back for now, and then on a break out go back in.


Price: $92.490
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2016-05-20 BUY Northland Power Inc
NPI-T
Jaime Carrasco

Considering how much we pay on our monthly bills, the future is quite good for most utilities. He likes this one. Dividend yield of 4.9%.


Price: $22.210
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 DON'T BUY Pengrowth Energy
PGF-T
Jaime Carrasco

He is torn on this. Had owned it in the past for a long, long time. Lately he thinks this has matured way too much, so it is not one of his top picks on the energy front.


Price: $2.370
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: No
2016-05-20 COMMENT Prudential Financial Inc
PRU-N
Cameron Hurst

Currently there has been a ratcheting higher of expectations for a rate increase, which would be positive for financials. People think a higher rate will push the yield curve on the short end higher, which should reflect higher inflation expectations in the out years, lifting the long end of the curve. There is a feeling that everyone is currently dramatically underweight on financials. There is probably some short term life to financials. Doesn’t feel rates are going to go high quickly. He holds a neutral to bearish views on financials.


Price: $77.670
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2016-05-20 BUY Royal Caribbean Cruises
RCL-N
Cameron Hurst

(Market Call Minute.) This is hanging in really well. They just put up some strong numbers. Yield and revenues have been quite good. Chart seems reasonably supportive from this point on.


Price: $78.900
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2016-05-20 COMMENT Royal Dutch Shell PLC (A)
RDS.A-N
Cameron Hurst

One of the big, global energy plays. It does look like energy is turning, which is the single most important driver for this company. Prefers Schlumberger (SLB-N). Feels the theme is very early, but the right stability factors seem to be in play. All these companies have technical formations that gets him interested. (See Top Picks.)


Price: $49.220
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2016-05-20 COMMENT Ross Stores Inc.
ROST-Q
Cameron Hurst

US retail. This company is pretty good. Had an earnings miss recently and the stock was beaten up a little. Has moved into a negative earnings revision cycle. Feels the company is pretty well run, but the industry is running into some strong headwinds. If you own, he would recommend using a stop loss.


Price: $52.490
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2016-05-20 COMMENT Pure Multi-Family REIT LP
RUF.U-X
Jaime Carrasco

(Market Call Minute.) He likes this, but would not overweight it, because it is more residential. Likes commercial real estate a lot better.


Price: $5.600
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Unknown
2016-05-20 BUY Sienna Senor Living Inc
SIA-T
Jaime Carrasco

Luxury senior resident REITs? He would look at this. Likes their properties. Their cash flow payment has been pretty steady. Management is extremely good.


Price: $17.100
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 TOP PICK Schlumberger Ltd.
SLB-N
Cameron Hurst

Has sort of warmed up to energy. Thinks this company has got it right for the next cycle. Great cash flow, good operators, good track record. With the Cameron International (CAM-N) acquisition, they’ve got some great levers right now. Essentially they are executing on a very well articulated decade strategy of servicing and providing for the life of a well. Also, have some of the best technology. Dividend yield of 2.69%.


Price: $74.960
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2016-05-20 DON'T BUY Superior Plus Corp
SPB-T
Jaime Carrasco

(Market Call Minute.) Not his top pick, and he would be adding into other areas instead.


Price: $11.030
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: No
2016-05-20 COMMENT A T & T US
T-N
Cameron Hurst

Likes their DirecTV acquisition the most. It gave them a lot of different synergies, expense and additional revenue to wring out. Your biggest risk right now with telecom is interest rates. These companies are very sensitive. Pays a 4.5%-5% dividend yield. This is really a call on rates. If we have low rates, this will continue to chug higher, but if they accelerate, this is going to get hurt.


Price: $38.450
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2016-05-20 COMMENT Toscana Energy Income Corp.
TEI-T
Jaime Carrasco

Thinks the future is going to be very bright. Hasn’t sold any of his holdings, but hasn’t actually added either. They had to cut the dividend. Very solid assets and fundamentally is very cheap. This could be a good acquisition for somebody at this price.


Price: $2.300
Subject: RESOURCE, UTILITY & REITs
Bias: BULL on GOLD & SILVER
Owned: Yes
2016-05-20 DON'T BUY Trinity Industries
TRN-N
Cameron Hurst

Rail car manufacturer. It is important to recognize market demand on this type of company. Right now rails are having a really tough time. Their investment cycle has slowed. It is unlikely to turn dramatically and quickly. Feels there are greener pastures in the meantime.


Price: $17.240
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
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