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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
2016-06-24 N/A A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

Market. He did not make any strategic changes going into the Brexit vote. This has not been a wonderful year. Today he is buying the stocks that he thinks are down too much. The UK pound is falling which means it is going to cost them a lot more money to import goods, but it makes going to the UK cheaper, and the impact could be nothing. Nobody knows what the short term impact is going to be. Any analyst that has more than 10% of their exposure to Europe and are down 3%-5%, with maybe their profits being impacted to zero, that would be the stock to buy. A lot of the ones that are down today are the US financials. Those are the kinds of stocks he is attracted to today.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2016-06-24 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

Volatility ETF’s as a swing trade? You are probably better off going to a casino and playing the roulette wheel. The outcome is absolutely random. Just because you get it right doesn’t mean you are smart, it just means you got lucky.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-24 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

Gold stocks? Has bought gold stocks in the past, but wouldn’t buy them now. Doesn’t see any reason to own these types of companies. Has no idea what gold is going to do a year from now.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-24 N/A A Comment -- General Comments From an Expert
A Commentary
Ryan Modesto

Market. Britain decided to leave the EU. It is a pretty big deal, an unprecedented and uncharted territory for the markets. From a Canadian investor’s point of view, he doesn’t think the impact is going to be overly material. A lot of Canadian investors’ portfolios don’t have much exposure to the European market, so doesn’t see them taking a huge hit. A lot of companies that trade on the TSX don’t have a lot of revenues that are generated from the European markets. Probably the biggest exposure is in the financial sector. This is a great opportunity to pull out your watch list, and for those that you have been waiting for, a more attractive entry point. You need to expect volatility for the next few weeks.


Price: $0.020
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: _N/A
2016-06-24 BUY Apple
AAPL-Q
Barry Schwartz

Much cheaper than it was a few days ago, so you can absolutely buy it here. If you are waiting for a selloff, this is it.


Price: $93.400
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-06-24 PAST TOP PICK Andrew Peller
ADW.A-T
Ryan Modesto

(A Top Pick March 3/16. Up 8.14%.) This is a recession resistant type of industry. The wine space within alcohol, is actually a faster growing one, compared to the broader alcohol/spirits market. A stable company.


Price: $26.930
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: No
2016-06-24 COMMENT Amazon.com
AMZN-Q
Barry Schwartz

One of the best companies, but valuation makes it very hard for him to make sense of. You have to take a big leap of faith to bite into the multiple of 60 or 70 times earnings.


Price: $698.960
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-24 COMMENT Alimentation Couche-Tard (B)
ATD.B-T
Barry Schwartz

Alimentation Couche-Tard (ATD.B-T) or Magna (MG-T)? Since he owns Magna and not this one, Magna is the only one he can recommend. However, this is a great company and it has come back a little. Feels it has sold off partly because there are concerns they might overbid for CST Brands which is rumoured to be up for sale. This one benefits from the low Cdn$, so they are probably doing okay now. It has always been an expensive company.


Price: $52.300
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-24 COMMENT Alimentation Couche-Tard (B)
ATD.B-T
Ryan Modesto

A “Best in class” type of name. The valuation multiple was getting higher, but has come down a lot and is more reasonable in price. They are still doing acquisitions globally, and has been a very astute team in being able to pick up interesting companies at fair prices, and growing shareholder value.


Price: $52.300
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 COMMENT A&W Revenue Royalties Income Fund
AW.UN-T
Ryan Modesto

Have been putting up about a 6%-9% same-store sales growth over the last year or so, which is a pretty big number. Their marketing is on an organic healthier food angle, and also focusing on smaller format stores in metropolitan areas. That seems to be paying off. As a royalty, there aren’t many costs. Payout ratio is at about 100%.


Price: $32.070
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 HOLD Badger Daylighting
BAD-T
Ryan Modesto

They do daylighting, exposing underground wiring and pipelines. Seem to be able to do it quicker and more efficiently than their competitors. Great management team. Have been through downturns before and have managed it. However, looking at the valuation, it looks like it is priced to perfection at 24X forward earnings. Has a pretty good growth plan, and if they can deliver on it there is some potential for a return. The problem is, they moved into the US and have seen their margins depressed. Not confident they can get those margins up to historical levels.


Price: $21.920
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 BUY Brookfield Asset Management (A)
BAM.A-T
Barry Schwartz

One of his biggest holdings and he is happily buying it. It has exposure to the UK and Europe, but doesn’t think there is going to be any impact to its business operations. The smartest investors he knows and will probably use their beautiful balance sheet to make wonderful acquisitions going forward.


Price: $42.920
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 COMMENT Brookfield Business Partners LP
BBU.UN-T
Barry Schwartz

A new limited partnership from Brookfield. Made up of a collection of different assets such as private equity assets, ownership and other publicly traded companies. It came out at around $30+. Typically, people get rid of it because it’s a duplication of something they already have, but they really should be buying it instead. Hasn’t decided what his strategy is yet, but he wouldn’t discount this company. The price looks quite interesting.


Price: $25.820
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-06-24 TOP PICK Airboss of America
BOS-T
Ryan Modesto

This does rubber compounding and engineering products. They are producing specialty rubbers and putting them into specialty types of products. Did an acquisition a year ago, a US defence business. Now it is quite cheap. The majority of revenues come from the materials and resources sector, which has been weak in the past. There is a bit of a resurgence and over time the mining and resource companies will start reinvesting their capital, and this will flow through to a company like this. Dividend yield of 1.84%.


Price: $14.100
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: No
2016-06-24 COMMENT Canadian Natural Rsrcs
CNQ-T
Barry Schwartz

Doesn’t own any oil/gas producers. Got out of them in 2015. This and Suncor (SU-T) are the 2 best run oil/gas companies in Canada. For conservative portfolios, 1 or 2 of them could find a place in your portfolio. He is not over the moon about buying oil/gas stocks at $48 oil.


Price: $38.840
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-24 COMMENT Constellation Software Inc.
CSU-T
Barry Schwartz

A well-run company and the CEO has created an unbelievable free cash flow machine, buying up software companies and having annuity revenues, and using the free cash to continue to buy more, etc. They now have a suite of thousands of companies and are on the hunt to buy more. This is on his radar screen, but he just can’t stomach buying it at this valuation.


Price: $500.840
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-24 PAST TOP PICK Concordia Healthcare
CXR-T
Ryan Modesto

(A Top Pick March 3/16. Down 29.31%.) This has been a bit of a wild ride. Their most recent earnings release was pretty good. They delivered on what they said they would. Then the whole strategic review narrative started to take over and 2 private equity firms backed out. The valuation shows this is cheap as it can be at 3.5X forward earnings. They have positive cash flow and growing revenues and a global footprint, but are trading at such a cheap level.


Price: $27.800
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: No
2016-06-24 DON'T BUY Convalo Health International Corp
CXV-X
Ryan Modesto

Doesn’t follow this too closely. A rollup for rehab facilities. He doesn’t buy into the rehab market rollup story. There are better quality companies out there.


Price: $0.230
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 COMMENT D-Box Technologies
DBO-T
Ryan Modesto

This creates a motion seat for theatres. They had a quarter where the stock really got hit, down 16% over 2 days. The balance sheet is strong and there is a lot to like here. Feels they have a long runway for revenue growth.


Price: $0.550
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 BUY DH Corporation
DH-T
Ryan Modesto

A transaction processing, loan administration type of business. A Short report came out talking about a big acquisition they did giving them a global platform to sell and cross sell their services. The report said they were not going to be able to get any growth, legal issues, etc., but the company released an earnings report which squashed the report. That was followed by another release which wasn’t a great quarter. It is now pretty cheap at about 12X earnings and pays a 4% dividend, and has potential for dividend growth. He likes this.


Price: $32.110
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 BUY Walt Disney
DIS-N
Barry Schwartz

Buy the stock or buy some call options for one month out? If you want to buy call options one month out, you should go to the casino, as it is the same type of business. He is buying the stock as it is attractive here. Has sold off materially from its all-time high of $120 a share. There are worries about ESPN, cord cutting and overpaying for some of the sports, but they own such wonderful assets. Valuation is very cheap for a company that he expects to have double digit earnings growth for the next few years.


Price: $95.720
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 BUY Empire Company (A)
EMP.A-T
Barry Schwartz

Has finally joined the club of grocery chains that has messed up and fallen flat on their face. It looks like they bought Safeway right at the top. Integration is not going well. Last 2 quarters have been poor. It is going to take some time. If you are a patient, long-term investor, this is an excellent time to buy. 1.9% dividend yield.


Price: $21.160
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-06-24 COMMENT Fairfax Financial
FFH-T
Barry Schwartz

This has always been a very defensive investment, because Prem Watsa is a very conservative investor. He created an enormous amount of wealth for shareholders over the long-term. Has followed the model of Warren Buffett, which is owning an insurance company and using the proceeds to float to buy other companies. He has done a wonderful job. Doesn’t think you can go too far wrong owning and buying this company.


Price: $665.210
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-24 BUY Alphabet Inc (C)
GOOG-Q
Barry Schwartz

The only FANG stock he likes, because it is the most profitable and has a wonderful balance sheet, and they dominate the search business. This is one you could definitely buy here. Just keep in mind that the Cdn$ is also down. An attractive entry point.


Price: $675.220
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 COMMENT Grenville Strategic Royalty
GRC-X
Ryan Modesto

Had a bit of an issue with their most recent earnings release, and had to do with the dividend payout ratio. It is calculated as a regular payout, but they also include a fake kind of sell part of their business, and count that under the earnings line into the payout ratio. Not reliable and not necessarily sustainable. He wouldn’t own this and rely on the dividend.


Price: $0.380
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 COMMENT Intertain Group
IT-T
Ryan Modesto

Really cheap 3 months ago and then news of the strategic review came out and there was a nice little pop on the shares. There is a lot of uncertainty going on right now. They pushed back their AGM because at the end of June they are going to come out with an announcement of whatever’s happening with their strategic review. But now with the BREXIT vote, his worry would be that whatever deal was in the works, it is either being put on hold or being quashed. Too much uncertainty for his taste.


Price: $11.530
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 COMMENT Manulife Financial
MFC-T
Barry Schwartz

It is hard for him to get excited about this company. Just when it seems that they are out of the woods, something else happens. The issue for life insurance is the weak Cdn$, low interest rates and that the stock market hasn’t taken off. Trading at 0.9X BV, which would probably be of interest to a deep value investor.


Price: $17.350
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-24 PAST TOP PICK Magna Int'l. (A)
MG-T
Barry Schwartz

(A Top Pick July 21/15. Down 29.68%.) This was a very cheap valuation at $70, and is even cheaper at $49. People at the beginning of the year got it in their head that we are at Peak Car, and that GM and Ford are not going to sell as many cars, and if interest rates go up, it is going to be bad for car leases. He continues to buy more and average down.


Price: $47.030
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 PAST TOP PICK National Bank of Canada
NA-T
Barry Schwartz

(A Top Pick July 21/15. Up 2.16%.) Wrote down some assets, and were affected by oil/gas write-downs as well, so it hasn’t been the strongest year for them. Still trading at 8 or 9 times earnings. Their last quarter was very good.


Price: $44.050
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 TOP PICK Oracle
ORCL-N
Barry Schwartz

Thinks this is doing the Microsoft Playbook, which is growing quickly in the Cloud, and getting more licenses and revenues and annuities instead of selling a one-time package. Thinks the turning point for this company is here. Generating a lot of free cash. Very reasonably valued. Dividend yield of 1.51%.


Price: $39.230
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 TOP PICK Premium Brands Holdings Corp
PBH-T
Ryan Modesto

A specialty food, manufacturer and distributor. Within Canada, consumer staples may have 15 companies that are investable. Most of them are large, mature, slow growth type of companies. Specialty foods means they can charge higher margins. You get the feeling management is not trying to build an empire and not growing for the sake of growth, but are making decisions that are in the shareholders’ best interests. Dividend yield of 2.88%.


Price: $52.700
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: No
2016-06-24 TOP PICK Priceline.com Inc.
PCLN-Q
Barry Schwartz

This is getting absolutely decimated today. They get 75% of their revenues from Europe. Their biggest entity is Booking.Com, a wonderful, wonderful company and benefits from the network affect. They have the most hotels and they are smart operators. A beautiful balance sheet that generates gobs of free cash. Unbelievable margins. Anything exposed to Europe right now is getting his head handed to it, but this is a wonderful buying opportunity.


Price: $1232.140
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 DON'T BUY Patient Home Monitoring
PHM-X
Ryan Modesto

This has been a disaster. On the recent quarter, year-over-year growth looks quite solid, but quarter over quarter wasn’t too great. This kind highlights the risk of getting involved in businesses that are reliant on government funding. It just seems that they can’t put together a quarter without any negative news.


Price: $0.190
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 HOLD Prism Medical Ltd.
PM-X
Ryan Modesto

Mobility equipment. They bought the lift business division of Shoppers Home Health. It has a 5% dividend yield, but is higher risk. He thinks they will be able to grow into their earnings and cash flows and help support that dividend.


Price: $9.500
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 COMMENT Richards Packaging Income Fund
RPI.UN-T
Ryan Modesto

This is a tough business. Packaging is a good consumer staples type of business. They do all the things right. Have a good dividend, raise it, and do share buybacks. He just can’t get past the illiquidity. Also, there has been quite a big run up on shares recently. Now trading at multiples that are on par with something like CCL Industries, which is much larger and a much more liquid company, which he would prefer.


Price: $23.300
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 BUY Royal Bank
RY-T
Barry Schwartz

Likes this and the Canadian banks. Over the long-term, anybody who has owned Canadian banks has earned significant compound rates of return. They are not expensive and you get a nice dividend growth. Dividend yield of 4.2%.


Price: $77.210
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 PAST TOP PICK Saputo Inc.
SAP-T
Barry Schwartz

(A Top Pick July 21/15. Up 29.12%.) There was a listeria scare with some of their chocolate milk, which had an impact on the stock. However, their last quarter was very strong. They are having an issue right now because of low dairy prices. The balance sheet is in good shape and he thinks they are ready to pounce and make some acquisitions.


Price: $37.720
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 TOP PICK Saputo Inc.
SAP-T
Barry Schwartz

A dairy producer; cheese, Nielsen milk, inputs for wholesalers, restaurants as well as branded retail. Still a small fish in a global pond, but there is potential for them to grow bigger and increase its footprint. Management, when they make an acquisition, are able to grow margins and improve everything all around. Generates a lot of free cash flow. Likes the potential for them to use their balance sheet to continue to make acquisitions globally. Dividend yield of 1.43%.


Price: $37.720
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 STRONG BUY Starbucks
SBUX-Q
Barry Schwartz

Visa (V-N) or Starbucks (SBUX-Q)? A hard choice, because they are both wonderful, wonderful companies. On this one, you get the retail and the wonderful loyalty of people. It has never been cheap and may never be on earnings multiples, because it is such a good business to be in. They will be generating free cash flow to the end of time. He is still sitting on the fence on this. 1.5% dividend yield.


Price: $54.680
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-24 PAST TOP PICK Savaria Corp
SIS-T
Ryan Modesto

(A Top Pick March 3/16. Up 37.58%.) He still likes this. They are involved in accessibility equipment such as stair lifts, etc. This is a demographic tailwind in that people want to stay in their houses longer. Recently acquired the automotive division of the Shoppers Home Health Care which builds on their van conversion business. They also did a $20 million financing for purposes of future growth. Thinks that they have a few acquisitions in their back pocket they are thinking about. When that happens, they will be back on the growth track. Still a Buy.


Price: $8.060
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: No
2016-06-24 COMMENT Stella-Jones Inc.
SJ-T
Ryan Modesto

Getting some attention right now because Canadian Pacific (CP-T) had some weak results and people are wondering if there is going to be demand. On railroad ties, there is always a minimum demand. This is a company he likes, and they are a long-term value creator for shareholders. 


Price: $48.040
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 DON'T BUY Stuart Olson Inc
SOX-T
Ryan Modesto

An infrastructure company. This space has been getting a lot of attention lately because of budgets and stimulation of the economy, and this is probably his least favourite. Bought a pretty large electrical firm out West, and the timing was not great. There are better options in the sector.


Price: $6.210
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 HOLD Stantec Inc
STN-T
Ryan Modesto

Infrastructure company. Had a stint where they had slow growth and not doing too much, but that is a good thing. A steady dividend grower which adds value to the dividend. Did a water infrastructure acquisition, and that is going to take some time to digest, but over time, when they can buy some synergies with that, they will be reward.


Price: $32.300
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 BUY Toronto Dominion
TD-T
Barry Schwartz

Best Canadian bank? This is one of his favourite banks. Because they have strong exposure to the US, it has done an incredible job of building out their branch networks. The US is going to be a safe haven. You may see more money flow into the US, which might be good for this bank.


Price: $55.240
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 COMMENT Teva Pharmaceutical
TEVA-N
Barry Schwartz

One of the largest generic drug makers. Less risk than some of the other drug makers, as it doesn’t own as many branded blockbuster drugs. They are in the midst of acquiring the generic business from Allergan (AGN-N). The company is confident their earnings will grow significantly which will diversify their portfolio. Very cheap on an earnings metric. As we age, people are going to be using more drugs, and generic drugs are probably going to be prescribed more, given the lower prices.


Price: $50.010
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 DON'T BUY TorstarCorp (B)
TS.B-T
Ryan Modesto

A classic value trap. It is cheap for a reason. The high dividend is really attractive and can suck you in. They are making an effort to adjust by restructuring and going digital. However, the institution is so large that he worries that they are going to go through all this work, turn around and adapt to what it is like today, but by the time they do that, the environment will have already changed.


Price: $1.580
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 HOLD Twitter, Inc
TWTR-N
Barry Schwartz

This is not making any money yet. Thinks they are cash flow positive and are investing for the future. The stock has been dismal since the IPO. If you own, wait for somebody to come along and acquire it.


Price: $16.440
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-06-24 STRONG BUY Visa Inc.
V-N
Barry Schwartz

Visa (V-N) or Starbucks (SBUX-Q)? A hard choice, because they are both wonderful, wonderful companies. This one is very attractive here. Just acquired Visa Europe. 0.75% dividend yield.


Price: $75.050
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 BUY Waste Connections Inc.
WCN-N
Barry Schwartz

For a 5 year hold? If you believe there is going to be more garbage produced in North America, this one is certainly going to haul its fair share. The slowdown in oil/gas has hurt their business a little, but if the Canadian economy continues to grow, this is a good business to be in. However, it is not cheap.


Price: $69.330
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-24 BUY WSP Global Inc.
WSP-T
Ryan Modesto

Has liked this ever since they did the Parsons Brinkerhoff acquisition, which really gave them a global base to do their construction projects from. They continue to make more acquisitions that are interesting. 3.8% dividend.


Price: $39.250
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-24 TOP PICK Exco Technologies
XTC-T
Ryan Modesto

There is no secret sauce to this one. Just a solid operator, going with value and a bit of growth. A cheap valuation, but within their peer space, they are one of the faster growing companies. Also, have really high insider ownership. This has organic growth, acquisition growth and dividend growth. The payout ratio is low and they have plenty of room to increase the dividend. Dividend yield of 2.3%.


Price: $12.200
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: No
2016-06-24 COMMENT Sleep Country Canada Holdings
ZZZ-T
Ryan Modesto

They are opening stores everywhere. A nice, slow growth business. They are finding ways to expand their margins. It almost has a recession resistant tone to it. He wouldn’t expect the same type of returns that we have seen recently, but overall it is a solid name and well-managed. For a long-term patient holder, he thinks you can do well with it.


Price: $22.990
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-06-23 N/A A Comment -- General Comments From an Expert
A Commentary
Brian Acker, CA

Markets. We are in a mild deflationary period, and when we get these deflationary shocks, all asset prices spike down and the US$ responds in a very violent upward motion. We had that at the beginning of January/2016. It has been relatively peaceful since mid-February, and the markets are going to be boring until we get another deflationary spike. Had thought Brexit could have been a potential for deflationary spikes. The US election in November could be a spike. Feels the US$ is the place to be.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: _N/A
2016-06-23 N/A A Comment -- General Comments From an Expert
A Commentary
Stan Wong

Markets. When you look at what the British pound has been doing over the last couple of days, and also that we had a big move in the marketplace, he thinks investors are voting with their money and saying that the status quo will likely remain. Hopefully tomorrow there will be a little bit of a solution so that we don’t need to use the word Brexit anymore, at least for some time. Looking at the S&P 500, we are trading at 18X forward earnings, and 19X on the TSX. In the last 10 years they have both traded on an average at about 14X, so we are at a bit of a premium. Interest rates have acted as a bit of a safety net or tailwind for equities, but really the key variable is to see an improvement in earnings growth at some point in the back half of this year and into next. The S&P 500, pushing above the 2100 level 3 times, seems to be a serious area of overhead supply. We are there again right now, so let’s see if we can break through that. Based on valuations, he is a little cautious that we can break through that. We still have some more geopolitical issues which are happening globally.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: CAUTIOUS
Owned: _N/A
2016-06-23 COMMENT Apple
AAPL-Q
Stan Wong

Sold his holdings recently at about $100. Over the last little while, has realized that iPhone sales growth is starting to wane a little. Representing 2/3 of the revenues, he believes that is a bit of an issue. Valuation wise it is still very cheap, trading at around 10 or 11 times forward earnings. Has lots of cash on the books and paying a dividend, but thinks penetration in China is not as strong as people had hoped. Also, on the next iteration of iPhones, are people going to line up and is it going to be as successful as the previous ones.


Price: $96.100
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: CAUTIOUS
Owned: No
2016-06-23 PAST TOP PICK Apple
AAPL-Q
Stan Wong

(A Top Pick June 25/15. Down 23.08%.) He is concerned with the lack of new product and the lack of change with the iPhone. It is being reported that the new iPhone is not very different than the current iPhone. Also, feels penetration in China isn’t as strong as they had hoped.


Price: $96.100
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: CAUTIOUS
Owned: No
2016-06-23 TOP PICK AbbVie Inc.
ABBV-N
Stan Wong

From a valuation perspective, he likes this a lot. This was a spinoff from Abbott Labs (ABT-N) in 2013. They are more of a research based pharmaceutical global name. Has a really good pipeline with 20 new products and indications coming through in the next few years through 2020. Shares are pretty attractively valued, trading at a forward price earnings multiple of only 12X. Long-term EPS growth rate is only 13%. You also get a 3.7% dividend yield, which is expected to grow at almost double digit over the next few years.


Price: $61.310
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: CAUTIOUS
Owned: Yes
2016-06-23 COMMENT Agnico-Eagle Mines
AEM-T
Brian Acker, CA

Gold stocks had been beaten down, but he just can’t see how much higher they can go without the gold going substantially higher. His model price is $24, a negative 63%. Very, very expensive.


Price: $63.560
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2016-06-23 BUY Amgen Inc.
AMGN-Q
Brian Acker, CA

He likes healthcare. His model price is $163.61, an upside of 9% from the current price of $152. A year from now he feels it is worth $179. 2.7% dividend yield.


Price: $152.270
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2016-06-23 BUY on WEAKNESS Aecon Group Inc
ARE-T
Brian Acker, CA

If the world’s governments are going to do anything in the next 5 years, it is going to be infrastructure. He likes this play. His model price is $16, but he would love to get it back at $13.60, and he would be a buyer.


Price: $17.580
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
Showing 1 to 60 of 153,281 entries
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