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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
2017-02-24 N/A A Comment -- General Comments From an Expert
A Commentary
Bill Shaw

Market. The markets are not cheap. Forward earnings on the TSX and the S&P are at 24X plus. As a value manager, he likes to buy stocks a lot cheaper than that. It makes it even more crucial to look at securities you are buying today, making sure, if a value investor, that they are indeed cheap. He still sees some growth, maybe at the 1.5X or 2X level. If Mr. Trump gets his policies put in place pretty quickly, we might see a little more tepid pace than the 3%-4% type level.


Price: $0.020
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: _N/A
2017-02-24 N/A A Comment -- General Comments From an Expert
A Commentary
Bill Shaw

The effect of interest rates on REITs? Some people look at REITs as bond proxies, so they are going to be sensitive to interest rates. The key thing is to look at each REIT individually. You need to look at the duration of their mortgages that underlie the REIT and their financing. Most of them have gone long at 7-10 years, which means they have locked in current rates. The biggest concern is if we have a sharp move up where there might be some competition from bonds. If a longer-term investor, and you think rates are going to stay relatively flat for the next 2-3 years, the REIT sector is going to be a steady Eddie, and you are probably looking at dividend returns of 5%-6% and capital returns of another 4%-5%, so you are probably looking at 10%-12% compounded.


Price: $0.020
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: _N/A
2017-02-24 N/A A Comment -- General Comments From an Expert
A Commentary
Andrey Omelchak

Market. Overall market multiples are looking like they are getting beyond levels that can be justified. The pulled back today, but after so many days and weeks of market outperformance, a natural pullback is warranted. It is a step in the right direction to make things more justifiable. In this environment, active managers have a tremendous benefit to be able to step in and protect investors’ capital. You can still find a lot of good opportunities in this market, but you really have to search quite a bit. You have to focus on stock picking and downside protection, and Buy the companies when they trade at a discount to intrinsic value.


Price: $0.020
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: _N/A
2017-02-24 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Andrey Omelchak

Energy? He has a negative bias against investing in resources. In this type of industry they destroy capital throughout the cycle and don’t create value for their shareholders. You are sitting on a business that is constantly depleting, so they have to always replace existing assets. To do this, they have to continually make acquisitions. The incentive structure in this industry for the top management team is really misaligned with their shareholders. On a risk adjusted basis, you will not be well served to invest in this industry.


Price: $0.020
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Unknown
2017-02-24 COMMENT Air Canada (B)
AC-T
Andrey Omelchak

The airline industry is not a great place to put money to work for a longer-term. However, the market structure for the airline industry in Canada has changed for the good of solid operators, and this airline is definitely one of them. Operationally they’ve delivered tremendous results over the last several years. Thinks there will be more upside as it continues to deliver solid results along with an organic growth rate. Current multiples are really depressed. If it continues as it has, he can see this at $17-$18.


Price: $13.360
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Unknown
2017-02-24 DON'T BUY Aurora Cannabis
ACB-X
Andrey Omelchak

The whole industry has had a tremendous run, and everybody is excited about the prospects. It is still very difficult to size up and how much it can generate. There is a tremendous amount of speculation. You will be well suited, on a risk adjusted basis, to stay away from these companies for the time being, especially following the big run up they’ve had.


Price: $2.620
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Unknown
2017-02-24 HOLD Alaris Royalty
AD-T
Andrey Omelchak

A tremendous company that over the longer-term has delivered great value for shareholders. It is run by a highly ethical management team. They are innovators in their industry. They’ve now run into some of the biggest problems they have ever experienced. A number of investments they made needed restructuring. They are potentially trying to get back some capital from some of the companies that are in trouble. Thinks they will get through those hurdles. The key question is, is there a fundamental shift in how they allocate capital and whether fundamental mistakes have been made, or whether it is just something that happened because of irregularities. He thinks it is just bad apples that has happened. Feels the dividend yield is sustainable.


Price: $22.270
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Unknown
2017-02-24 BUY Alimentation Couche-Tard (B)
ATD.B-T
Bill Shaw

The key concern is how this is going to continue its growth profile. They have to find some decent tuck-in acquisitions. It’s at premium valuation because they have been very successful in growing the company to date. We really have to see that trend continue to support the price on a go forward basis, and he sees that. He would be a buyer.


Price: $60.160
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Yes
2017-02-24 COMMENT Artis Real Estate Investment Trust
AX.UN-T
Bill Shaw

Well-managed. Its properties are pretty decent. Retail REITs are not performing as well, so he prefers more diversified REITs. The yield is north of 8%.


Price: $12.860
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Unknown
2017-02-24 COMMENT BCE Inc.
BCE-T
Bill Shaw

He’s been in the process of reviewing his holdings. It is going to grow reasonably well, but his biggest concern is in terms of subscriber growth. It is not doing quite as good as in the past. Has a reasonable dividend and is well managed. He is likely going to be selling this in the very near future. Getting close to being fully valued. His target price is $60.


Price: $58.160
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Yes
2017-02-24 BUY Brookfield Renewable Energy
BEP.UN-T
Bill Shaw

He likes this. His focus is on dividend and growth, so the dividend yield is fine. It has been growing fairly nicely. Dividend yield of 6.2%.


Price: $39.500
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Yes
2017-02-24 COMMENT Brookfield Global Infrastructure Securities Income Fun
BGI.UN-T
Bill Shaw

Brookfield has generally done a good job with most of its companies, but this one has fallen off the radar a bit. It has a decent yield. There will be some projects fed into it from Brookfield over time, but he feels there are better opportunities elsewhere.


Price: $6.700
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Unknown
2017-02-24 TOP PICK Bank of Montreal
BMO-T
Bill Shaw

This bank has been making some very strategic moves in terms of getting costs down. In terms of their US exposure, Harris is doing a lot better. They continue to make tuck in acquisitions. Increasing rates will be good for net interest margins. Dividend yield of 3.5%, and has had an excellent track record of dividend growth over the past decade. (Analysts’ price target is $101.20.)


Price: $99.980
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Yes
2017-02-24 TOP PICK Chesswood Group
CHW-T
Andrey Omelchak

A small-ticket equipment leasing business, and they also provide lending solutions. Mostly operates in the US. The small business confidence in the US is at an all-time high, and as a result, they have seen a very strong pipeline. Has a good organic growth profile. A very solid and capable management team that understands the credit cycles. Thinks this is a prime take-out candidate because it would be hugely liquid for a financial services institution. Dividend yield of 6.8% is sustainable and there is room for further dividend increases.


Price: $12.310
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Yes
2017-02-24 TOP PICK Corus Entertainment (B)
CJR.B-T
Bill Shaw

They have to get some good synergies of their Shaw acquisition, and in terms of subscriber, they have to keep it up. In 2018, the CanWest payment of $5 million a year disappears. The payout ratio is starting to come back down. Dividend yield of 8.94%, which he thinks is secure, but he wouldn’t mind if they cut it to conserve cash and reinvest it in the business. (Analysts’ price target is $13.23.)


Price: $12.750
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Yes
2017-02-24 COMMENT Canadian Imperial Bank of Commerce
CM-T
Bill Shaw

Stock split? There is nothing out there that says they are going to do a split, but historically, when their stock becomes very pricey i.e. over $100, they tend to do a split. We are starting to see a lot of bank stocks getting to the $100 type level. It makes it easier for investors to buy stocks, but they are still buying the same stock.


Price: $118.520
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Unknown
2017-02-24 COMMENT Canadian National R.R.
CNR-T
Bill Shaw

This has had quite a run in the past year. Efficiency ratios are excellent and management is good. Pays a modest dividend. It is fully valued.


Price: $92.360
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Unknown
2017-02-24 SELL Canadian Pacific Rail
CP-T
Bill Shaw

This is fairly valued at around $200. Management is pretty strong and it has an OK dividend, but operating efficiencies and ratios have improved significantly over time, and how much more can they get out of it at this point. Fully valued. Dividend yield of 1%.


Price: $194.070
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Unknown
2017-02-24 HOLD Crescent Point Energy Corp
CPG-T
Bill Shaw

This has underperformed. They did a stock issue that investors were not too happy with. In terms of communication, this company has not been the best. There have been rumours of potential activists investors coming in, but the company has stated that there is no one really interested. Thinks it is going to be a “show me” story. They have great technical expertise and have been able to increase production in the past.


Price: $14.990
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Unknown
2017-02-24 COMMENT Canadian Tire Corporation Ltd. (A)
CTC.A-T
Bill Shaw

A very well-run Canadian retailer. He likes what they have been doing. It always seems very expensive. He would like to see a bit of a pullback, which he doesn’t expect to see for a while. Earnings have come in above expectations, and store sales seem to be relatively okay.


Price: $155.040
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: No
2017-02-24 COMMENT DH Corporation
DH-T
Bill Shaw

This has been a disappointment. In terms of their new entry into FinTech, it has had some disappointing results. At the current price level, he feels it is reasonably valued. This is more of a “show me” story at this point.


Price: $23.080
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Unknown
2017-02-24 COMMENT Diversified Royalty Corp.
DIV-T
Andrey Omelchak

A pretty solid company. They’ve had some missteps in the past when they made an acquisition and overpaid for it. They tried to establish a footprint, and as a result he thinks they overpaid. However, he feels that management is very solid and the dividend yield is sustainable, although it is a pretty high payout ratio. Expects that there will be more acquisitions from them, and over time, it will become a solid, dividend, profile stock. However, the risks are still elevated as to their payout ratio.


Price: $2.540
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Unknown
2017-02-24 PAST TOP PICK Element Fleet Management
EFN-T
Andrey Omelchak

(A Top Pick May 24/16. Up 14.19%.) The separation into 2 companies has led to value creation. They are seeing a great resurgence in the US economy, which is helping.


Price: $14.040
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Yes
2017-02-24 COMMENT Exchange Income
EIF-T
Andrey Omelchak

This buys different businesses and generates cash flow, and their job is to pay the dividends from those businesses. They focus on businesses where you cannot get exposure from the public market. They’ve done a pretty good job over the last several years, and the dividend yield is sustainable at this point. A good hold for the longer-term at this point.


Price: $39.290
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Unknown
2017-02-24 COMMENT Enbridge
ENB-T
Bill Shaw

He really likes this. The Spectra acquisition will close, and as always, they are going to have to integrate it and get the synergies out of it. Very well-managed. So far everything is working favourably for them. Recently increased the dividend, and he expects to continue to see modest increases over the next several years. He can see this easily getting up to the $60 level. This is a growth story.


Price: $54.200
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Unknown
2017-02-24 HOLD Fortis Inc.
FTS-T
Andrey Omelchak

For a child’s RESP? For an RESP, it is a one-time investment and this is a stable company and will deliver fine dividends over the longer-term. However, he believes there are other investments that can grow at a faster pace. The dividend yield is sustainable. A little more indebted than he would like to see. Dividend yield of 3.74%.


Price: $42.730
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Unknown
2017-02-24 BUY CGI Group (A)
GIB.A-T
Andrey Omelchak

One of the best companies in Canada, and one of the better operators. A tremendous running machine. They conduct more than 10,000 interviews with their clients, current and prospective, to establish trends of what is happening and what clients are expecting. Feels the business will continue to grow, especially in the US, both in government and on the commercial side. They will continue seeing great results on ROE and free cash flow generation. This is one you should buy and hold for the longer-term.


Price: $61.700
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Unknown
2017-02-24 COMMENT Knight Therapeutics
GUD-T
Andrey Omelchak

Over the long-term, you can’t go wrong with this. You are paying premium for their BV at this point. It has a lot of cash with a limited amount of businesses that are generating free cash flow at this time. It is run by the best management team in the country. They are patient and have done this in the past. This is going to be the company that picks up good things when things blow up. They are planting a lot of seeds that one day will pay off in dividends.


Price: $10.670
Subject: CANADIAN & HEDGING
Bias: UNKNOWN
Owned: Unknown
2017-02-24 DON'T BUY High Liner Foods
HLF-T
Bill Shaw

Results were rather disappointing. Their products are not appealing to the health-conscious any more. He would avoid at this time.


Price: $17.540
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: No
2017-02-24 COMMENT H&R Real Estate Inv Trust
HR.UN-T
Bill Shaw

This is a great investment. It has a reasonable dividend yield of about 6%. Well-managed. Basically office properties. It has exposure in Calgary, but the good news is that oil prices seem to be on the rebound. The bad news is that we are starting to see more development for office space coming up, so there may be a little bit of pressure. Thinks this is going to be a steady Eddie performer on a go forward basis.


Price: $23.220
Subject: CANADIAN DIVIDEND & REITS
Bias: UNKNOWN
Owned: Yes
Showing 1 to 30 of 161,832 entries
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