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

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Date Signal Company Expert Opinion Price
2015-07-31 N/A A Comment -- General Comments From an Expert
A Commentary
Lyle Stein

Markets. The Canadian market has gone through a reset in many respects in the last 3 years as commodity prices have come down, but in particular the last year has been really hard. There has been a triple storm of low commodity prices, a recession being talked about as well as the Cdn$ being really, really weak. Canada is out of favour. Thinks the markets in general are going through a reset. Looking at the last 5-6 months, the Dow, NASDAQ and S&P are doing a kind of a toppy thing. Fewer stocks are taking the market higher, and if it goes higher more stocks are hitting lows. This is a time for caution. The tough part in a narrowing market is that fewer and fewer names are giving leadership. He would like to see more global growth. He typically runs his maximum cash at 20% and is currently there. He is looking at financials.


Price: $0.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: _N/A
2015-07-31 COMMENT A Comment -- General Comments From an Expert
A Commentary
Lyle Stein

REITs? The fear of the rise in interest rates has hit the sector. That has been the biggest factor to take stock prices down. The question is how quickly are rates going to go up and is it going to be an inflation induced rate issue? Canadian REITs are really cheap on a global basis. Money keeps coming into Canada to buy our houses in Vancouver. Will that follow-up into the REIT sector? Over a long period of time, real estate prices will link pretty well with inflation. Thinks the 2nd half of the book is okay.


Price: $0.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2015-07-31 N/A A Comment -- General Comments From an Expert
A Commentary
David Cockfield

Markets. Resource sector just keeps getting whacked and whacked, and for good reason. It is going to be tough sledding for a while. There was a little bit of a rebound towards the end of last week, but thinks that is a little premature. There is still bad news to come. You should look back and see what the market has done over the last 7 years. We breached a 14,000 level in 2008 and got back there in 2011, but didn’t get back over 14,000 until 2014, and then we got up over 15,000. Now we are back basically where we started back in 2008. It has been a really tough market to make money. It comes back to looking for those dividends such as the good old Bell Canada (BCE-T). Banks haven’t been that bad, not spectacular, but at least you are not trying to trade the market. Trading this market is extremely difficult. Thinks we will be back into a growth pattern and that most of the pain in Alberta will have gone and been completed. Feels we are in slow growth and will be lucky to get above 1%. The big positive factor is that the US still continues to look like it is in a take off mode. If they do well, that is good for us.


Price: $0.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: _N/A
2015-07-31 PARTIAL BUY Altagas Ltd
ALA-T
Lyle Stein

A very nice story in terms of growth. What makes it unusual is that it is viewed as an energy stock, but their growth investments are as much utility as they are in things that are related to energy. Recently they’ve been hit by Alberta power prices, however they are putting on dams in BC, which are traditional utility type revenue generators. That offers stability which you just can’t find. Good yield of about 4.5%-5% which can grow over time. He is looking at this one.


Price: $35.800
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-07-31 COMMENT Altagas Ltd
ALA-T
David Cockfield

Suffering along with all the other Alberta stocks, but he doesn’t see the situation deteriorating for them to any great extent. Thinks the dividend is safe and sustainable. The long-term aspects relating to gas remain in question. Gas exports seem to be a foregone conclusion, but when?


Price: $35.800
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-07-31 PAST TOP PICK Brookfield Asset Management (A)
BAM.A-T
David Cockfield

(A Top Pick Aug 12/14. Up 36.04%.) He likes the whole Brookfield group and the way they operate. This is one way you can put money outside of Canada, as a good amount of their assets are outside of Canada.


Price: $45.660
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-07-31 COMMENT Bombardier Inc (B)
BBD.B-T
Lyle Stein

This has unquestionably been a disappointment. The big question is, do they have enough cash to see their project to completion and what is going to fund them along the way? A high risk play, so it is not a name that he would own at present. If you have a little money that you want to allocate and not look at for 5 years, it might be interesting.


Price: $1.630
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-07-31 HOLD BCE Inc.
BCE-T
Lyle Stein

A Hold at these levels. Hasn’t had a major correction, but has kind of fallen in line with the Canadian market in general. The dividend looks awfully good, getting close to the 5% level. A very safe dividend. Good generator of free cash.


Price: $53.830
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-07-31 BUY BCE Inc.
BCE-T
David Cockfield

Bell Canada (BCE-T) or Telus (T-T)? He owns both, and probably a little bit more of this one. Telcos are sort of a utility and he likes the sector. Dividends are safe and the stocks are easy to buy and sell. A good basis for your portfolio. This is probably his favourite, simply because of the better yield. He sees them increasing the dividend again in the future.


Price: $53.830
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-07-31 HOLD Baytex Energy Corp
BTE-T
David Cockfield

Exited this stock months and months ago. An excellent company and has been well-managed. They have good assets. Heavy oil by drilling, not by extraction. They’ve bought into the Eagleford in the US and are spending most of their capital in that. Most recent earnings were less then stellar, and he thinks the company is going to suffer for a while. However, it will certainly survive. Have excellent, relatively low cost assets. 10.6% dividend yield, which he thinks is going to get cut.


Price: $11.260
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-07-31 TOP PICK Canadian Imperial Bank of Commerce
CM-T
Lyle Stein

For many years this has been the unfavoured bank amongst Canadian banks. It has the highest yield and they have raised the dividend a couple of times to the shock of some people. Good yield and they are growing the dividend. Has the best tier 1 capital ratio in Canada. Sentiment is starting to swing back to this bank. This is a bit of a contrarian play. Dividend yield of 4.67%.


Price: $93.460
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-07-31 DON'T BUY Crescent Point Energy Corp
CPG-T
Lyle Stein

He thinks this whole business model is coming under question. The real fundamental question is, should resource companies be the significant generators of cash dividends, when in fact they need that capital, particularly as commodity prices continue to disappoint. The dividend doesn’t make sense because they need the capital to keep the regular business going.


Price: $19.810
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-07-31 COMMENT Crescent Point Energy Corp
CPG-T
David Cockfield

This is definitely going to survive, if any company is going to do well in this particular period of falling prices. Have good financing and good cash flows, and even covering their dividend at the present time. They’ve been good in hedging in terms of selling forward. He hopes they managed to pick up some of that $60 future oil when the market was in contango a month or so ago. Whether they can maintain that 14% dividend is open to question.


Price: $19.810
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-07-31 PAST TOP PICK Cenovus Energy
CVE-T
Lyle Stein

(A Top Pick March 12/14. Down 31.32%.) One of the problems is that it is at the end of the pipe, the oil sands. The good aspect is that they do have refining capacity in middle America, which is a wonderful place to have refining capacity. They cut their dividend, which makes sense in this $45-$50 oil.


Price: $19.060
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-07-31 COMMENT Encana Corp
ECA-T
Lyle Stein

Is the dividend safe? If oil stays at current levels, pretty much every dividend in the sector is going to be at risk. The bigger question is have we fully addressed the current oil price market, and he thinks the jury is out.


Price: $9.940
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
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