stockchase picture

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

Recent Opinions

Print
Date Signal Company Expert Opinion Price
2015-08-28 N/A A Comment -- General Comments From an Expert
A Commentary
Don Lato

Markets.  He is not a market timer. His style is to buy good businesses at attractive prices. Holding about 3% cash in his portfolios. His advice to investors would be to not panic. Business and the economy are still good. Let the volatility provide you with opportunities if you’ve got cash, but don’t be panicked into doing something that you might regret 6 months from now. He likes consumer related stocks along with tech. You can start to maybe nibble if we get another downturn in oil prices. Choose the companies with a strong balance sheet. Look for the ones that have fallen the least, not the ones that have fallen the most.


Price: $0.020
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: _N/A
2015-08-28 N/A A Comment -- General Comments From an Expert
A Commentary
Don Lato

REITs. Is the potential rising interest rate environment hitting the sector too hard? It could be that people have overcompensated for the anticipated rise in interest rates. Concurrent with a rise in interest rates, generally, is better economic activity so your CAP rate is going to change and it is going to change unfavourably as rates go up. But your rent increases might be easier to obtain, and your vacancy rates are going to be lower. Higher interest rates are not the absolutely worst thing that can happen to the REIT sector.


Price: $0.020
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: _N/A
2015-08-28 N/A A Comment -- General Comments From an Expert
A Commentary
John O'Connell, CFA

Markets.  Did some buying on Monday morning when the markets fell. The interesting thing was that the Treasury market wasn’t really responding that much, which was kind of unusual. Usually when you see markets plunging like that the Treasury market really rallies. It had already rallied in anticipation of the crash. Has seen growing signs that you have to be concerned and worried about what was going on. Credit spreads globally were widening, and often times the bond market is the clue that often eventually trips up the stock market. We saw the premarket spikes in the VIX, which was a good sign. It felt like a short-term bottom. As a general rule, when we have the V type recovery that we had, you often will have a retest. Everyone is sort of keying off 2 things right now, the Chinese economy and oil prices. Thinks the boat got tilted too far to one side, enough people fell out of the boat and that caused the prerequisite bounce back. What you really have to pay attention to is the emerging markets, and China is viewed as one of those developing markets. It is not just China. The emerging markets, now count for over half the GDP. With the currency moves we have seen recently, the pressures are growing. To some extent the Chinese are being painted unfairly with a value in their currency. The currency is up 29% year-over-year, and the Chinese were probably anticipating that the Federal Reserve Board was likely to raise interest rates, so wanted to put a bit of downward pressure on the currency to offset that, when the feds raised rates, you would like to have a continuation of the strength of the US$, with a move higher in the Chinese currency as well.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2015-08-28 BUY A Comment -- General Comments From an Expert
A Commentary
John O'Connell, CFA

Energy stocks? Now is the right time to buy energy stocks. Investors are full of fear. It is exceptionally difficult and costly to get oil out of the ground. Saudi Arabia is going broke doing it. Pessimism is pretty high, and there are some really great companies out there. If you have a 2 year view, and buying good quality companies, not just the ones that are giving you dividends, you will make exceptionally high returns.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 TOP PICK Apple
AAPL-Q
Don Lato

Couldn’t resist using this as a Top Pick with the price in the $112 area. Stock sold off because of fears of China and their exposure, which is not insignificant.  CEO commented this week that they are expanding iPhone sales in China. The Apple App Store in China had its best 2 weeks ever. All those concerns of China may be a little bit overblown. Stock is trading at 11.5X earnings and still the dominant player on the smart phone. IPhone revenues are expected to increase again this quarter. Dividend yield of 1.84%.


Price: $113.290
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 PAST TOP PICK Apple
AAPL-Q
John O'Connell, CFA

(A Top Pick Sept 16/14. Up 14.24%.) Sold half of his holdings when it reached $128. This is a fantastic company. It’s the ecosystem they have developed. The durability of being able to develop technology solutions that make their customers want to be customers for long, long periods of time.


Price: $113.290
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 TOP PICK Ag Growth International Inc
AFN-T
Don Lato

Performance year to date on the business side has been pretty good. The problem lies in the next couple of quarters. Due to the wet summer in Western Canada, it has taken its toll on the farmers. They greatly decreased their guidance for the 2nd half of the year. With the wet summer behind it and the better prospects next year, you will see growth in earnings resume next year. Dividend yield of 6.34%.


Price: $38.220
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 COMMENT Amgen Inc.
AMGN-Q
John O'Connell, CFA

The healthcare sector in general is a good area to be in. He likes the strong cash flow metrics and the balance sheet. They have a good drug pipeline. Prefers Biogen (BIIB-Q) and Celgene (CELG-Q), which you may want to have a peek at.


Price: $155.890
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2015-08-28 COMMENT Bank of America
BAC-N
John O'Connell, CFA

Bank of America (BAC-N) or National Bank (NA-T)?  Buy National Bank. It has a much bigger dividend and trading at much lower multiples. The Cdn$ is cheap here, so why convert unless you have US$. If you do have US$, convert back to Cdn$ and put it into National Bank.


Price: $16.360
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2015-08-28 COMMENT BCE Inc.
BCE-T
Don Lato

This is a slow growth, regulated and changing business. Stock price has come down a little off its highs and is pretty reasonable value. A very, very nice dividend. On Dec 16, Pick and Pay kicks in, which might put some pressure on the revenue line. This is probably part of the decline we have seen over the last year or so. He would prefer Rogers (RCI.B-T).


Price: $53.330
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2015-08-28 DON'T BUY Canadian Pacific Rail
CP-T
John O'Connell, CFA

There is a big drop in crude by rail. Thinks it is going to continue to be challenging for the next little while, because there are some refineries shutting down for regular maintenance. A very well-run company. The company has been buying back a lot of stock. This is so tied to the commodity cycle, coal and economic activity he just doesn’t think it is a kind of thing that you need to be involved in at this stage.


Price: $193.180
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2015-08-28 COMMENT Crescent Point Energy Corp
CPG-T
John O'Connell, CFA

Thinks the street would say this company is pretty cheap right now. He has consistently had a number of quarrels with this company. They are growing like stink and it is a very well-managed company. The problem is that they are paying out a dividend. You invest $10, and it pays you back $0.60 every year, but you have to pay tax on it. Then they dilute you down by selling new shares to buy more and more great opportunities down the road. Doesn’t like the dividend paying model. Institutional investors are very, very nervous about buying these types of companies, because if prices stay down for a while longer the hedges all roll off next year and it is a disaster. They have a lot of debt.


Price: $15.330
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2015-08-28 COMMENT Walt Disney
DIS-N
Don Lato

Price earnings multiple is 20X forward and 21X current. Still a little high, but he does have it on his radar. Thinks the stock acted very negatively to its last earnings report where it talked about some potential subscriber loss on ESPN. A great company, but he would prefer to buy it a little bit cheaper.


Price: $102.480
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2015-08-28 COMMENT Walt Disney
DIS-N
John O'Connell, CFA

Loves this company. Exceptionally well-run with an extremely powerful brand, that is well diversified across the whole media sector. Investing  in a company like this at these levels, you can own it for a good long time. They have come under pressure, like the whole media space, because over the top technologies like Netflix and HBO are causing investors heartburn over whether companies will be able to maintain the large subscriber base as people start cutting the cable and going for direct channel choices. Regarding ESPN, Disney has a very strong franchise with a large diversified portfolio and will be able to start offering competitive solutions, maybe even going direct to the consumers, or teaming up with a company like Netflix, etc.


Price: $102.480
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 TOP PICK Facebook
FB-Q
John O'Connell, CFA

About a 50% growth rate. Hugely profitable. Gross margins and net margins are extremely high. Other than Google (GOOGL-Q), this company has really got mobile and advertising in a tremendous way, and as time goes on, both Google and Facebook are going to continue to grow their advertising revenues. They are just now beginning to monetize Instagram. Investors are completely underestimating how attractive the Instagram model is going to be for corporations to advertise their products.


Price: $91.010
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 DON'T BUY Fluor Corp.
FLR-N
John O'Connell, CFA

They are probably bottoming out here. This has always been a well regarded and well-run engineering company. It’s struggling with the reality that the emerging markets are in tough shape, the mining industry is in tough shape, and the energy business is also struggling. When the commodity and the global economy start to re-accelerate, this is the kind of company that will perform well. Dividend yield of about 1.8% while you wait. Doesn’t think you need to be there right now. It’ll probably be 2 years before you see a substantial, sustained recovery in large energy and mining projects.


Price: $45.650
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2015-08-28 COMMENT Google
GOOGL-Q
Don Lato

The premise of what they are doing with Alphabet will benefit the shareholders. There have been a number of changes that have happened within the last 3-4 months. New CFO has made the company a little bit more investor friendly. They now have to justify how much money they are spending, as well as how much money they are losing on these ventures. They still dominate the search business. YouTube is becoming a bigger and bigger factor in the entertainment side of the business.


Price: $659.690
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 PAST TOP PICK Google
GOOGL-Q
John O'Connell, CFA

(A Top Pick Sept 16/14. Up 12.04%.) This is a dominant player in so many different technologies, that you have to own these kinds of companies. Trading at a very, very reasonable multiple and growing like stink. Between Apple and this company, they have every single mobile subscriber in the world, in one way or another.


Price: $659.690
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 COMMENT Home Capital Group
HCG-T
John O'Connell, CFA

Has been a very well-run company. The dismissal of a lot of brokers was a very wise thing. The issue for a lot of individual investors is that you are sort of doubling up on a bet that most Canadians have. A lot of assets invested, tied to the outcome of the housing market as being a positive outcome for the longer-term. This company tends to operate in a market where banks don’t want to operate. Also, you have to worry about the funding of these types of companies over the longer haul if things start to get into trouble. When interest rates start to rise, companies like this will have a very, very rough run.


Price: $26.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2015-08-28 COMMENT Hi-Crush Partners LP
HCLP-N
Don Lato

A fracing sand producer. It has been pummelled this year. They have a number of sand mines, primarily in Wisconsin. They are a big beneficiary of all the fracing and horizontal drilling that has been going on. It shouldn’t trade with the oil price, but it does. Still very profitable. Recently had to cut their dividend to preserve some cash. The future of fracing is still going to be with us for some time.


Price: $16.050
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 COMMENT Intel
INTC-Q
Don Lato

Good value here. Not his favourite tech stock. The stock has come down and has a nice dividend. Trades at a very low multiple. Thinks you would be fine with this, but would rather see you in other areas of technology. Dividend yield of 3.3%. (See Top Picks.)


Price: $28.420
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2015-08-28 COMMENT Inter Pipeline
IPL-T
Don Lato

The dividend is very sustainable. They still have some growth to come. There are a couple of new pipelines coming on stream within the oil sands area that is going to increase their capacity a little. Regardless of the price, oil is going to flow through those pipelines, and theirs are very well positioned, with a little bit of a growth kicker put in as well. Dividend yield of 5.5%.


Price: $27.130
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2015-08-28 PAST TOP PICK Jarden Corp.
JAH-N
Don Lato

(A Top Pick Oct 29/14. Up 21.84%.) Still feeling very good about this. Just recently made another acquisition to add to their arsenal. Bought a UK company called Waddington, which makes disposable dinnerware. Has a very strong stable brand. Very solid growth and still a very reasonable multiple.


Price: $52.340
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 COMMENT Johnson & Johnson
JNJ-N
Don Lato

Pretty fairly valued. Off its highs. The multiple got a little bit above its historical range. Decent dividend of over 3%. Lots of good products, both on the medical devices side as well as the pharmaceutical side. Thinks there are better ways to play the medical business. A good solid holding that will be around forever. The street consensus is $112 in 12 months, which is a fair target for it.


Price: $95.170
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2015-08-28 COMMENT Kelt Exploration
KEL-T
John O'Connell, CFA

One of the largest positions in his funds, and he hasn’t sold a single share. It has all the right attributes to be investing in the energy business, because you just don’t know what is going to happen to commodities within a one year period. Strong, strong management team. Low cost resource with a lot of it. Also has a very strong balance sheet. Have been able to take advantage of this weakness to add to its landholdings at very, very attractive metrics. Debt to cash flow ratio is very compelling. Has been able to grow production substantially over the last number of years. It will grow production in a prudent manner.


Price: $5.790
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 TOP PICK McDonalds
MCD-N
John O'Connell, CFA

In this environment with a lot of volatility, he likes the 3.53%.dividend support. Thinks the new CEO is going to turn the business around. They say they are getting good traction in China again, and in spite of all the currency headwinds, it is a very strong dynamic franchise. Thinks the company will be much more aggressive regarding its balance sheet and increasing its dividend. Will have a lot more capital discipline in terms of how many stores they own, versus how many stores they franchise.


Price: $96.250
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 BUY National Bank of Canada
NA-T
John O'Connell, CFA

Bank of America (BAC-N) or National Bank (NA-T)? Buy this one. It has a much bigger dividend and trading at much lower multiples. The Cdn$ is cheap here, so why convert unless you have US$. If you do have US$, convert back to Cdn$ and put it into this one. Dividend yield of 4.76%. A well-run bank. (See Top Picks.)


Price: $43.700
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2015-08-28 HOLD New Flyer Industries Inc.
NFI-T
Don Lato

Stock is getting fully valued. He just trimmed a little in the last couple of weeks to rebalance his holdings. Still a very bright future. Multiples had gotten up at around the 19X area, but their order backlog continues to grow.


Price: $18.830
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 HOLD Proctor & Gamble
PG-N
Don Lato

Thinks the stock is fine. If you have ridden it down it is probably better value now than it was 6-8 months ago. A lot of these consumer staple stocks got to trading at multiples way above their normal historical pattern. Now trading at about 16X next year’s earnings, and trading in line with the market. Dividend yield of 3.7%.


Price: $71.210
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2015-08-28 COMMENT Potash Corp of Saskatchewan
POT-T
Don Lato

Doesn’t think this is a value trap. It is subject to commodity prices, which have been all over the board with respect to fertilizer products. The ramp up of new production has come down dramatically. A couple of mines have been put on the shelf, so he thinks the supply/demand balance will come back more towards Potash’s favour. Doesn’t think there will be a dividend cut imminently as it still has free cash flow to support it, especially since they have curtailed some of their capital projects. Prefers Agrium (AGU-T) because of its diversification.


Price: $34.310
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2015-08-28 PAST TOP PICK Parex Resources Inc.
PXT-T
Don Lato

(A Top Pick Oct 29/14. Down 18.28%.) Actually not bad relatively speaking. Part of the reason the decline has been muted is because the balance sheet is in phenomenal shape. They have cash on the balance sheet and no debt whatsoever. This has allowed them to continue their production program.


Price: $8.810
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 DON'T BUY Rite Aid Corp.
RAD-N
Don Lato

Thinks the turnaround has been completed. They are now profitable again, not hugely so, but thinks they have turned the corner. The stock has rebounded dramatically from its lows. This is the 3rd biggest player in its group and he doesn’t see how you would want to pay 25X earnings for this, compared to 17 to 20 times earnings for CVS (CVS-N) or Walgreen’s (WBA-Q), which have a lot more going for them. Good sector.


Price: $8.240
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2015-08-28 TOP PICK Royal Bank
RY-T
John O'Connell, CFA

Trading at around 10X forward earnings. Has an amazing Canadian retail franchise and an amazing Canadian wealth management franchise. Its wealth management franchise in the US is bigger than it is in Canada now. Has an exceptionally strong capital markets franchise. The new CEO really gets technology. Thinks the banks are going to be one of the biggest beneficiaries of technology. It’s a threat for them, but also a huge opportunity to bring down their cost structure. Dividend yield of 4.29%.


Price: $73.700
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 DON'T BUY Shaw Communication (B)
SJR.B-T
John O'Connell, CFA

Doesn’t think you need to be investing in these companies that have subscribers that can be “cutting the cord” now. It is going to be a very, very tricky business. Be careful. 4.4% dividend yield.


Price: $26.520
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2015-08-28 COMMENT Sun Life Financial Inc
SLF-T
Don Lato

Very well-managed. They will be a beneficiary of higher interest rates. They continue to grow their business, both domestically and internationally. Have a number of different product lines now. Expanding more and more into the asset management business. Multiple is pretty reasonable, but a little higher than the banks.


Price: $41.960
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 COMMENT SNC-Lavalin Group Inc.
SNC-T
Don Lato

Doesn’t follow this closely. With all the problems that have surfaced over the last few years, he is not too interested. Valuation is reasonable, but there are a lot of other stocks where he feels a whole lot more comfortable.


Price: $40.040
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2015-08-28 PAST TOP PICK Spartan Energy Corp
SPE-T
John O'Connell, CFA

(A Top Pick Sept 16/14. Down 41.84%.) He is still buying this. They continue to execute their business plan very well. It has all the right attributes. Exceptionally strong and disciplined management team. Low cost structure and lots of resource.


Price: $2.280
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 COMMENT Suncor Energy Inc
SU-T
Don Lato

Probably the best performing oil/gas stock in the last 12 months. Have done a very good job of managing their way through this. Their prices are coming down just like everybody else’s, but they cut their costs back and prudently planned their expansions.


Price: $36.810
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2015-08-28 PAST TOP PICK Toronto Dominion
TD-T
Don Lato

(A Top Pick Oct 29/14. Down 0.54%.) Their quarterly report was fine. Was a little surprised to see the lack of progress on the US side, because that was part of his reason for this being his biggest bank position. Still the 2nd best performing Canadian bank over the last year, as well as year to date.


Price: $52.910
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 BUY Toronto Dominion
TD-T
John O'Connell, CFA

An exceptionally well-run bank. Very, very strong franchise in the US. With a reasonable timeframe of a number of years, you are going to get paid 4.25% or so and see some decent earnings growth over the long-term. (See Top Picks.)


Price: $52.910
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 HOLD Thomson Reuters Corp
TRI-T
Don Lato

Solid company, but the multiples have crept up. Have always had a bit of a higher multiple. It is currently 23 or 24 times earnings, and 22 times next year’s earnings. A little rich. They have never really recovered from the 2008-2009 financial crises, where a lot of terminals got pulled. A good solid hold, but not anything that is table pounding. Dividend yield of 3.3%.


Price: $51.640
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2015-08-28 COMMENT Twitter, Inc
TWTR-N
John O'Connell, CFA

Has a great product, but has been exceptionally poorly managed. Missed the boat in many different ways.


Price: $26.830
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2015-08-28 DON'T BUY Canadian Satellite Radio
XSR-T
Don Lato

This company may be staying in the doldrums for quite some time. Competition has heated up. They may be the only XM radio player in Canada, but thinks the competition is coming from places like Spotify and Apple music. As we get better communications systems within our cars, the need for this one is going to be diminished.


Price: $5.000
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2015-08-28 TOP PICK Sleep Country Canada Holdings
ZZZ-T
Don Lato

Trading below its IPO price. Stock did very well in its incarnation as an income trust. Trading at 15X earnings. This is a dominant mattress company in Canada. Not a bad yield at just under 2%.


Price: $15.250
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-27 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Bowman

Markets. He has never seen the market so oversold as it was on the weekend. Has trouble with the 10% correction. The rally back to uneven has to be longer than 24 hours. Doesn’t think it was a correction, but doesn’t know what it was. If you look at the cause of it on Monday, a couple of hedge funds in the US along with the US$, were quite offside and they were going to shut down the position to hedge that position, and shorted the S&P 500. We have to look at our conventional way of valuing stocks. It is different this time. Stock markets are not driven by analysis; they are driven basically by investor behaviour. We have all kinds of issues in the marketplace now. We have to re-evaluate things and realize that markets are driven by weather, terrorism, geopolitical events, etc. 84% of trades are done by computer trading and only 16% are done by individuals. We have to be looking at stock charts because it tells you what the actions of investors were, throughout that time period of looking at the chart. Investor psychology and investor behaviour is what now drives the marketplace.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-08-27 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Bowman

Energy. Company’s earnings have been fantastic. They mostly have hedges in place until the end of the year, so they are doing lots of production, which forces the price of oil up. He thinks oil is going up a little bit higher when all these hedges come off at the end of 2015.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-08-27 COMMENT A Comment -- General Comments From an Expert
A Commentary
Michael Bowman

Which ETF for a best one-year return, oil or gold? A lot of companies are selling oil at a lot higher prices, $75-$95, so they are continually pumping out production. But in 2016, those hedges are going to come off and he thinks production is going to cease in 2016, and a barrel of oil will go higher which will create a demand situation. Remember that the oil situation is not about demand, it is about supply. He is not a “gold” guy. There is no demand from India or Central Banks for gold. He would not be buying anything gold for the next 12 months.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-08-27 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Bowman

Impact of interest rates on US healthcare or multifamily residential REITs? REITs are basically leveraged companies. They borrow money to buy assets. Rates are still extremely low. If they are 50 basis points and they go up to 60 basis points, it is not going to really make much difference. He has no problem with interest rates going higher. Residential US REITs is a good buy.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-08-27 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Bowman

How do you screen and start into ETF’s? You have to think of whether you want a broad sector, a healthcare sector, a bank sector, etc. Try to pick a sector, and then you can find a listing for all the ETF’s for that sector. Then you need to look at what the MER’s are. Some can be quite large. Also, look to see what the weighting is; is it market cap weight or equal weight.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-08-27 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Bowman

Maximum holding of any one ETF in a portfolio? A 5% position would not be overly diversified. If you are looking at a broad ETF, he would hold no more than 7%. If you are looking at a sector ETF, you are basically looking at one security, so he would limit it to 5%, or 7% if you are feeling really confident about the sector.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-08-27 N/A A Comment -- General Comments From an Expert
A Commentary
Stan Wong

Markets. It has been an interesting ride. Really hard to assess whether we have seen the market bottom. The last couple of days have really made us feel a little bit more confident. This has been a “made in China” correction. Who knows what kind of policy will come out that will either impress or “not impress” investors. There could be a retest of lows that investors should be aware of. Thinks the present bout of volatility is going to last days or weeks, rather than quarters or years. Doesn’t think we are going into a prolonged correction, certainly not a bear market. He has been taking the opportunity of buying some large cap names that he has been watching for some time. Really impressed with how cheap they became. Had about 15%-20% cash and as of today is down to about 10%-15%, still a high cash component, to take advantage of any possibilities that still may come.


Price: $0.020
Subject: NORTH AMERICAN & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-08-27 TOP PICK American Tower
AMT-N
Michael Bowman

We all love to hate the towers that are out there, but this company owns about 70,000 of them, mostly in the US. They just picked up another 4,000 international towers. Earnings were up about 13% last quarter. They secured another $649 million in acquisitions. There is a consolidation going on in the industry and this company leads the way. The dividend is only 1.89%, so he is looking at it for capital gain. The dividend did increase 29% last quarter and the company has targeted a 20% dividend growth going forward.


Price: $93.870
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2015-08-27 DON'T BUY Alibaba Group Holding
BABA-N
Stan Wong

Charts look a bit negative. Price is below all the moving averages, the 50, 100 and the 200 day, and are trending lower. The reason is most likely because it is in China. Trading at 27X forward earnings with a 23% long-term growth rate, but that growth rate could be volatile given what is happening there.


Price: $70.840
Subject: NORTH AMERICAN & ETFs
Bias: UNKNOWN
Owned: No
2015-08-27 COMMENT Bank of America
BAC-N
Michael Bowman

Bank of America (BAC-N) or Morgan Stanley (MS-N)? Thinks there is a lot more value in US banks than in Canadian banks. Doesn’t really have a preference between these 2. The US Bank ETF is a pretty good buy in here. What would really help you is to look at a stock chart and look at the 40 week or 200 day moving average and look where the stock is compared to that average, because it should supply some support.


Price: $16.440
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-08-27 BUY Bank of America
BAC-N
Stan Wong

Just under the 200 day moving average. He likes it. A lot of its mortgage legacy and litigation issues are behind it, so that bodes well. The economy is getting better. Pretty cheap at .75 Price to BV.


Price: $16.440
Subject: NORTH AMERICAN & ETFs
Bias: UNKNOWN
Owned: No
2015-08-27 HOLD Brookfield Asset Management (A)
BAM.A-T
Stan Wong

He continues to like this company. One of the best management teams out there. Pays a decent dividend of 1.5%, which is probably going to grow by 5%-6% on a yearly basis. There is growth through its real estate and its different operations.


Price: $42.210
Subject: NORTH AMERICAN & ETFs
Bias: UNKNOWN
Owned: Yes
2015-08-27 DON'T BUY Bombardier Inc (B)
BBD.B-T
Michael Bowman

This is so hard to value. We know that the business jets have been weak, which leads to lower margins. Somebody needs to take this company out behind the barn and shoot it. He can’t see any sense in buying this.


Price: $1.220
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: No
2015-08-27 COMMENT Baytex Energy Corp
BTE-T
Michael Bowman

A very innovative company. They have the Eagleford shale play in Texas. He doesn’t know why they would have completely cut the dividend, other than they feel that they have a better place to put that money than to pay it back to shareholders. A great company.


Price: $6.180
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-08-27 COMMENT Cameco Corporation
CCO-T
Michael Bowman

Spot uranium has been moving higher. If you pick up some of this here, you will get a slow rate of return. It looks like Japan is going to get back on line now with their reactors. China has talked about doing that as well. You are not going to get any kind of explosive growth, but if you are wanting to buy some uranium, this is the one to buy. He thinks you will see it start to slowly move higher.


Price: $17.800
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-08-27 PAST TOP PICK Crescent Point Energy Corp
CPG-T
Stan Wong

(A Top Pick July 23/14. Down 63.93%.) Sold out of this. Doesn’t have a lot of conviction that oil prices are going to rebound. Still likes the company and will probably own it at some point, but for the time being he has rotated out of this into different names.


Price: $14.740
Subject: NORTH AMERICAN & ETFs
Bias: UNKNOWN
Owned: No
Showing 1 to 60 of 143,534 entries
First Previous 1 2 3 4 5 Next Last