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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
2015-07-03 N/A A Comment -- General Comments From an Expert
A Commentary
Bruce Campbell (2)

Economy. Government bond yields, leading economic indicators (LEI) and the price of oil are all positive. The LEI is above the 18 month moving average, which is a positive sign. He is always looking to see whether oil has gone up by 80% or more over 12 months, and it hasn’t, but has actually dropped. We need oil to be in the $75 range for that to happen. Also, wants to see a normalized yield curve where short-term rates are lower than long-term rates. These show that there is no risk of a recession in the next 6-9 months. If there was going to be a recession, he would want to be out of the market, or at least taking some sort of defensive action. The market would turn down prior to a recession starting. Margin debt is now hitting an all-time high and he wants to watch when that starts to come down, which means that liquidity is coming out of the market. Even though markets had been hitting new highs in the US, he wasn’t really seeing the breadth that he would like. Would like to see more stocks hitting new highs and carrying on. Seeing a lot of new opportunities in a lot of areas that he hasn’t looked at before.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2015-07-03 N/A A Comment -- General Comments From an Expert
A Commentary
Mike S. Newton, CIM FCSI

Markets. If it wasn’t for Greece, this whole week would have been extremely dull. There was some interesting action on Wednesday, Thursday and Friday with things that happened in the US healthcare sector. A lot of people were sitting on the sidelines waiting to see what happened with Greece. He really doesn’t think that situation is going to be a big issue. Market systems, governments, market participants and banks are much more prepared to hold this contagion. The only thing that does concern him is if Greece does exit the euro, and a blueprint is suddenly in place for other distressed countries or economies to do the same thing. There are 2 things that have been in the press. A bubble watch, which he actually doesn’t see at all as he doesn’t think things are stretched. However, he does believe the debt levels and getting out and unravelling this debt is going to be a big issue, so if he wants to buy a large global ETF that is exposed to the economies, he’d be a little bit more nervous. Because of this, he finds more comfort in owning individual companies. If you are going to own a global ETF’s with a very, very low competitive MER, that is great, but you have to stay committed to it for 15-20 years. His concern is that we haven’t really been tested for a while, so if you haven’t changed or made plans around what your strategy is since 2008, then you could be in for a big surprise. He advocates using stop losses to take you out.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: _N/A
2015-07-03 TOP PICK Alimentation Couche-Tard (B)
ATD.B-T
Bruce Campbell (2)

This is really a cash flow machine. Have been growing cash flow and earnings at a phenomenal rate for the last 5 years. Earnings have grown at almost 30% compounded per year. They just keep building up cash and then going out and make an acquisition. Have really freed up their balance sheet in the last little while. After they made a pantry acquisition they have been paying down some of their debt, and he wouldn’t be surprised if they made another acquisition fairly soon. Every time they make an acquisition, the market always doubts what they have done, but turns out better than what has been expected. Dividend yield of 0.33%.


Price: $53.800
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 TOP PICK Alimentation Couche-Tard (B)
ATD.B-T
Mike S. Newton, CIM FCSI

Second largest convenience store operator. They continue to just keep delivering solid results. They digested the Pantry acquisition in the US and we’ll see how that is going on when they report on July 14. Dividend yield of 0.33%.


Price: $53.800
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2015-07-03 COMMENT Amaya Gaming Group Inc.
AYA-T
Bruce Campbell (2)

Looks like a lot of the wrongdoing or acquisitions were less on the company, but more on their advisors. However, it is still going to drag this company in. Has owned this in the past, but prefers some of the other gaming companies. They are getting into the casinos and sports book market, which are actually bigger than the poker market. It will be a real testament as to what management can do as far as growing a stellar brand into those other areas. If they are successful, the stock price will probably be many multiples higher.


Price: $33.830
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 PAST TOP PICK Boeing
BA-N
Mike S. Newton, CIM FCSI

(A Top Pick August 13/14. Up 17.08%.) He hopefully will own this for a very long time. This has come down a little bit in the last couple of months, and would be a Top Pick at this stage right now. Still very attractive.


Price: $140.210
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2015-07-03 BUY on WEAKNESS CAE Inc
CAE-T
Bruce Campbell (2)

(Market Call Minute.) Thinks there is a lot of growth ahead because there are so many retiring airline pilots. If it were a little bit cheaper, he would probably think of buying it.


Price: $15.040
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 TOP PICK Carmanah Technologies
CMH-T
Bruce Campbell (2)

They provide different solar products in a number of different areas. A couple of years ago they had a business that wasn’t really doing so well operationally and they brought in a new management team, which had almost an immediate effect on turning the business around. Not only have they turned the business around, but they are making acquisitions. He thinks the wind is at their back for their products. Solar products have come down a lot in costs to the point where a lot of them are really comparable to what people would do in other situations. A good example would be a parking lot where you would normally string up lights that would be attached to the grid, but now they can make a solar parking lot and everything is off grid. Management owns about 45% of the stock.


Price: $7.040
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT Canadian National R.R.
CNR-T
Mike S. Newton, CIM FCSI

He is very interested at this price. Has owned shares for a number of years. It is his favourite rail name right now. It has gotten down to a point where he is fretting on his holdings, but it has bounced off a $71 level, and it is really attractive down here. He thinks this is generally a consolidation of gains that they have had over the last 5-6 years.


Price: $73.860
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2015-07-03 COMMENT Crescent Point Energy Corp
CPG-T
Mike S. Newton, CIM FCSI

Hasn’t owned this for about 4 years. Wasn’t a big fan of all the deals they kept doing. He knows there have been some good trading opportunities in this, but he is generally not a big fan of the space. Probably a pretty good value play down here, but he has other things working and has no room in the portfolio for it.


Price: $25.630
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT Concordia Healthcare
CXR-T
Bruce Campbell (2)

This has done very well. It has been fantastic at growing the business from just having a couple of small drugs to where they have made bigger and bigger acquisitions. They’ve guided the market that they are looking at 3 different acquisitions now, where they hope that one of those will close in the 2nd half of this year. They have a very good platform. There has been talk of them being acquired by a US company for tax inversion benefits.


Price: $91.990
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 BUY Convalo Health International Corp
CXV-X
Bruce Campbell (2)

Another of the Michael Dalsin companies (Patient Home Monitoring – (PHM-X).). This is his 2nd one and Inspire is the 3rd. This company is on a similar strategy. They are rolling up US rehabilitation centres for substance abuse issues. The market is very fragmented. There are a ton of different small operators out there, and this company has started to acquire these centres. They have seen some fantastic organic growth from their 1st acquisition, and he thinks this will continue. With the way the stock has pulled back, this is one that he would Buy now.


Price: $0.475
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT DirectCash Payments Inc
DCI-T
Bruce Campbell (2)

Their last quarter came out and their business dropped a fair bit. The market became fairly spooked. Their payout ratio came way up. The market is kind of telling you that it thinks they are going to cut the dividend. He has confidence in the management team that they are doing all the things they need to as far as diversifying their business away from some of the areas where they have big exposure to before. It will probably take a couple of quarters before this gets out of the penalty box. 11% dividend yield makes him a little nervous.


Price: $12.930
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT Decisive Dividend Corp
DE-X
Bruce Campbell (2)

(Bruce sits on this company’s board.)  Made their 1st acquisition, Blaze King, which manufactures woodstoves. Announced their dividend and have paid a couple of months of dividends. Part of their mandate is to constantly be looking for acquisitions. They are looking to roll up a number of different manufacturing companies, pay out a dividend and grow the companies by taking advantage of the public market versus the private market arbitrage.


Price: $3.000
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 TOP PICK DIRTT Environmental Solutions
DRT-T
Bruce Campbell (2)

A technology driven manufacturing technology company that makes customized interiors. This is just at the very beginning of the company taking off. They are building interiors and are in new areas. The 2 new areas are healthcare and the residential market. This is a company where you will see lots of room for them to grow over the next few years. Stock price has pulled back a fair bit, so it really presents a nice opportunity for investors. The numbers tend to be fairly lumpy, so they will have a great quarter followed by a quarter that is not so strong. Expects you will see their 2nd quarter come out. It won’t be as strong as the 1st, but the 3rd and 4th will be fairly strong.


Price: $6.860
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 PAST TOP PICK easyhome
EH-T
Bruce Campbell (2)

(A Top Pick July 30/14. Down 19.32%.) Their quarters have been lumpy because they have been ramping up their business and trying to expand their Easy Financial business. Actual earnings numbers are up from a year ago. He is more comfortable with this now because their loan loss numbers have come down and they have been expanding their Easy Financial store count.


Price: $19.400
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 PAST TOP PICK FedEx
FDX-N
Mike S. Newton, CIM FCSI

(A Top Pick August 13/14. Up 15.15%.) This is a name that he wants to own for a long time. It is Best in Breed.


Price: $171.130
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2015-07-03 COMMENT Horizons Global Dividend ETF
HAZ-T
Mike S. Newton, CIM FCSI

He likes the holdings in this. It has more of a conventional view on global dividend. It is not just about the dividend it pays, but also the ability to generate free cash flow and raise their payout over time. Very attractive.


Price: $17.870
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 BUY iShares Nasdaq BioTech ETF
IBB-Q
Mike S. Newton, CIM FCSI

Biotech ETF? His pick would be this one. This is a little bit on the high-end, but not unreasonable.


Price: $370.350
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 TOP PICK iShares US Healthcare E.T.F.
IYH-N
Mike S. Newton, CIM FCSI

A sleeping giant that he has had in his portfolio for a long time. He recommends that you read Byron Wien’s piece about innovation, biotech, healthcare. This ETF has great holdings. 40% exposure to pharmaceuticals, 25% exposure to the biotech sector, a well-rounded portfolio of names. In the past, these names have been thought of as a defensive kind of positioning, but feels they have slowly moved into the growthy areas of the markets, with huge innovations in medical and biotech. In a rising rate environment, if you are looking for something that is defensive but participates with a bit of growth, this might be a really attractive place to hide out.


Price: $159.490
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2015-07-03 COMMENT Mettrum Health Corp
MT-X
Bruce Campbell (2)

The medical marijuana space is very interesting. Most of these companies came out a year ago, and there were lots and lots of excitement around them. Then investors started realizing it wasn’t panning out as fast as expected, so the stocks drifted down. He has very, very small positions in this one, Organigram (OGI-X) and Afria (?). Has spread this around because he is not very sure at this time who is going to be the leader and who is not. Still too early. He would not invest in just one company, but would take a basket approach.


Price: $1.570
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT Netflix Inc.
NFLX-Q
Mike S. Newton, CIM FCSI

This is really attractive and he regrets not being in it. This is moving into 150 countries with their streaming. He continues to see this as being a great investment for a very long time.


Price: $658.310
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT Neulion
NLN-T
Bruce Campbell (2)

This is considered as a good growth stock. They take the video from a lot of the sports leagues such as the NHL. They take all the data from the games, compress it and then send it into different formats so that we can watch it on our mobile devices. There is a lot of growth in this area, not only from sports, but from the TV Everywhere. Most cable companies are now rolling out some sort of TV Anywhere package. At this point the company is a North American story, but he thinks it will grow into a global one as they discover and work with more broadcasters. Recently acquired DivX, which adds to their platform. Feels they have a very strong future ahead of them. Wouldn’t be surprised if they got acquired at some time.


Price: $1.560
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT NYX Gaming Group Ltd
NYX-X
Bruce Campbell (2)

This and Intertain Group (IT-T) were spun out of Amaya Gaming (AYA-T), and he owns both. He really likes this. Thinks there is tremendous amount of growth ahead of them. This company supplies all of the content to gaming companies. Recently announced an acquisition of the Cryptologic assets from Amaya. Their specialty is building the games and getting the gaming companies to really market the games. This generates cash flow for them. They have to figure out how they are paying for those assets. Recently announced a bought deal financing, which he participated in. They’ll also see a debt packet that comes out at some time. Once that is closed and all finalized, then he thinks it is business as usual. Expects this will grow over the next few years. This is a way to participate in Amaya’s expansion into the Sports Book and casino games, without actually owning Amaya.


Price: $4.150
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT Pfizer Inc
PFE-N
Mike S. Newton, CIM FCSI

This is one that he owns and hopes to own for the foreseeable future. From 2000 to 2010, this name went absolutely nowhere, but finally started moving in 2011. (See Top Picks.)


Price: $33.370
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2015-07-03 PAST TOP PICK Patient Home Monitoring
PHM-X
Bruce Campbell (2)

(A Top Pick July 30/14. Up 348.48%.) Have announced some monster deals such as Southeast in Louisiana. The growth rate has really ramped up, but with the market being choppy in the last few weeks, it hasn’t done too much. They continue to move their earnings up and guide their numbers up. A year ago they were talking $50-$75 million in revenue, with 25%-30% of that being EBITDA. Now they are saying they are going to exit this year at $200 million without any organic growth or any more acquisitions, and the same kind of earnings multiple to their EBITDA.


Price: $1.470
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT Prometic Life Sciences Inc.
PLI-T
Bruce Campbell (2)

Owned this in the past. It broke down in the technical part of his process, so he sold it at around $2.50. Business itself is one that looks very strong. Going out to the end of this year is a little bit too short for him to be able to tell, but over the next few years there are a lot of opportunities. Have 2 really interesting businesses including manufacturing, basically taking blood and stripping out the different products, which are used in many different drug companies. This will ramp up over the next few years. Have also come up with a number of different indications for different orphan products and orphan drugs. He considers this as the lottery ticket side. Thinks it will trade higher over the next few years.


Price: $2.310
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 WAIT Pembina Pipeline Corp
PPL-T
Mike S. Newton, CIM FCSI

Just increased their dividend and their ability to pay the dividend is still in good shape. Got stopped out in the fall, but is probably a name he will come back into. He would be looking at this more towards the fall after we get through these macro issues with Greece and the possible rate hike.


Price: $40.450
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT RBC Quant European Dividend Leaders ETF
RHP-T
Mike S. Newton, CIM FCSI

For diversification of a conservative investors portfolio? He would have no problem in owning this and is happy for any Canadian to try to get out of the Canadian market and diversify.


Price: $21.830
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 HOLD TheScore Inc.
SCR-X
Bruce Campbell (2)

Owned this in the past, but started seeing it breaking down in his technical process. From a business standpoint he thinks everything is going along nicely. It is more a fundamental market issue then a fundamental business issue. They are just getting into the electronics gaming where people watch video games as a sport, which is becoming a huge market. Over the next year or 2, he thinks that business will be bigger and the company will probably eventually end up selling it. They did this with their television network and will probably do it with this one.


Price: $0.620
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 COMMENT Sensio Technologies Inc.
SIO-X
Bruce Campbell (2)

They have taken a while to get everything solidified and in place, and he thinks that now the stars are really starting to align. There are more and more movies that are being made into 3-D, which will be important for them. Have signed on the big TV manufacturers. At the end of this year, once they have Samsung and LG signed up, they’ll have over 80% of the addressable market share to use their product, the 3DGO app. This is a product similar to Netflix, but for 3-D movies. This is really starting to ramp up. This is their quieter quarter, but going into the fall, we’ll start to see the number of users ramp up. Also, seeing them add a number of different movie studios, which means that not only will the users ramp up, but the amount of movies those users watch will ramp up too. Thinks they will become profitable in the next 12 months and you’ll really see the numbers ramp up. His guess is that they will get taken out. Stock is pretty cheap if you are prepared to hold it for 12-18 months.


Price: $0.220
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-03 PAST TOP PICK Striker Exploration Corp
SKX-X
Bruce Campbell (2)

(A Top Pick July 30/14. Down 82.7%.) Still believes in the company. The market has not been kind to it, but the energy price environment has been. When they first came out, they were having a tough time finding anything to buy because everything was so expensive, but now some of the companies are getting rid of their non-core areas and they have been able to make a couple of nice acquisitions. If you are patient, you should continue to do fairly well on this. Sold his holdings for tax reasons, but is looking to re-enter as some time.


Price: $2.060
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 COMMENT SLYCE Inc.
SLC-X
Bruce Campbell (2)

Has a visual recognition technology that allows your smart phone to take a picture of an item. It will immediately search the item in the database and pull up a place where you can buy it. If you are a retailer that has signed on with the company, it will take the individual to your website and show them either a similar or the exact product. The business model is based on revenue coming from different sources. 1) Signing the initial contract, 2) on a per picture basis, and 3) as people purchase things. They are getting a lot of traction. Have signed up some big Fortune 500 companies. Toys “R” Us is one of their clients as well as Home Depot and Neiman Marcus. Stock price has not done very well of late. There was a recent financing and the price pulled back. Feels the market is waiting to see the next announcement, and where it goes from burning cash to generating some cash flow and earnings. Fairly attractive price right now, but probably looking at 12-18 months before they have earnings.


Price: $0.500
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT Large Cap Bear 3X Shares
SPXS-N
Mike S. Newton, CIM FCSI

If the Greeks vote No there is going to be absolute pandemonium next week, for the short-term. If they vote Yes, the Greeks won’t have any government or any money and there will be total pandemonium also. Using a Long Call gives him 60 to 1 leverage. Good strategy? He has looked and played in some triple leveraged ETF’s in an aggressive portfolio. If you do some probability analysis, and have the right amount of exposure to this ETF, and willing to take a 25% loss on it on Monday. His short answer is No, he hasn’t done anything like this, but understands where you are coming from. If the position size is good, why not take a shot at it.


Price: $18.550
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 WEAK BUY Student Transport of America Ltd.
STB-T
Bruce Campbell (2)

(Market Call Minute.) Stock has been selling off and the dividend is pretty high, so you wonder if it is going to get cut at some point. He is watching this and can’t figure out why the market isn’t liking it. He would hold off until there was a little more clarity.


Price: $5.680
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-03 TOP PICK Constellation Brands Inc
STZ-N
Mike S. Newton, CIM FCSI

Reported earnings on July 1 which were phenomenal. They continue to reap the benefits of their acquisition of Crown Import. A great global name. They are still making a lot of money in the beer sales, which is their real growth. Dividend yield of 1.06%.


Price: $117.090
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2015-07-03 COMMENT Suncor Energy Inc
SU-T
Mike S. Newton, CIM FCSI

Owned this for a period of time and did well on it about 18 months to 6 months ago, and then got stopped out. Finds this energy space really frustrating.


Price: $34.600
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT Sandvine Corp.
SVC-T
Bruce Campbell (2)

(Market Call Minute.) An interesting area. Over the years he thinks it will probably continue to grow. They tend to be very lumpy with their quarters. If you can pick it up after a bad quarter and then sell it after a good quarter, you will probably do fairly well.


Price: $3.690
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 BUY Vogogo Inc.
VGO-X
Bruce Campbell (2)

From a business standpoint everything has gone exactly as he expected. Recently announced they had signed on Kraken, one of the big global exchanges, and are going to start to do the processing for Canada. This has taken a bit longer than he had expected. Because of their financing and the weak stock market, the stock has sold down. If you are nervous you could probably sell your position, but if you are looking at it from a longer-term perspective, now is a great entry point. This is going to be one where all of a sudden they start processing. They’ll have a one month period where they are not making any money and the next month will be in the black and growing their business on a cash flow and earnings standpoint.


Price: $1.940
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-03 COMMENT Valeant Pharmaceuticals
VRX-T
Bruce Campbell (2)

He thinks this is going to continue along the path they have. Obviously their deals have to get larger and larger as they go along. In his process, this company ranks very well, but from the technical side of things he is starting to see some of the healthcare names lose a little bit of the wind from their backs. If you own, you could probably Sell it here and buy it back cheaper. If you are a long-term investor, he would just Hold.


Price: $287.800
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-03 COMMENT Vanguard FTSE All-World ex Canada
VXC-T
Mike S. Newton, CIM FCSI

He would urge anybody to try to get more money out of Canada. Thinks people are woefully over invested in our domestic economy. This has a great MER of about 25 basis points, but keep in mind that this has close to 3000 names in it. It is the most passive you could possibly buy. It’s up 10% year-to-date, outperforming both US and Canadian markets. You have to be fully committed to investing in something like this, because there is no protection on the downside. If you are going to buy this, you should have a time horizon of 5 years or more.


Price: $29.770
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 PAST TOP PICK WesternOne Inc
WEQ-T
Mike S. Newton, CIM FCSI

(A Top Pick August 13/14. Down 19.71%.) Portable accommodations for mining camps. Got caught in a whole series of events and got stopped out at $7.80.


Price: $0.680
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT First Asset MorningStar Canada Momentum Index
WXM-T
Mike S. Newton, CIM FCSI

Has owned this off and on for some time. It allows you to own 30 names in the Canadian space that are exhibiting price momentum. It looks at names that are not only doing well on an earnings surprise level, but the price is also moving in the right direction. They rebalance it to kick names out to make room for names that are replacing them. As a warning, if this had existed in 2008, you probably would have been down 40%.


Price: $15.890
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT Canadian Satellite Radio
XSR-T
Bruce Campbell (2)

(Market Call Minute.) A very steady business with a nice little dividend. More and more vehicles are being equipped with the Sirius satellite radios, so their user base will continue to grow and they’ll get great cash flow. Dividend yield of 8%.


Price: $5.290
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 COMMENT BMO International Dividend
ZDI-T
Mike S. Newton, CIM FCSI

The issue he has is to be very careful with the dividend story, at least in the short term. Over 10 years you are going to be perfectly fine owning something like this, but in the short term with rates rising, the hunt for yield is going to get impacted, somewhat negatively.


Price: $20.950
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 BUY BMO Equal Weight US Banks Hedged to CAD ETF
ZUB-T
Mike S. Newton, CIM FCSI

Thinks US banks, after 13-14 years of consolidating, are really attractive here. There is no doubt in his mind that he would want to be playing this. Although he thinks the US$ strengthens against the Cdn$, it feels like it is getting into the later innings. Hedging the Cdn$ is not a bad idea. This ETF is a great play on that.


Price: $21.770
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 COMMENT BMO Covered Call Cdn Banks ETF
ZWB-T
Mike S. Newton, CIM FCSI

He traditionally has not been a fan of the Covered Call strategy. Year-to-date this is down 5% with a yield of 5.4%. You can get the Canadian banks with their full upside potential, and still get a yield of about 4%. He would be more inclined to just own the Canadian banks straight up. His 2 favourites are Royal (RY-T) and Bank of Nova Scotia (BNS-T) and TD (TD-T) would be third.


Price: $16.200
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 N/A A Comment -- General Comments From an Expert
A Commentary
David Baskin

Markets.  Canadian GDP was wretched.  People talk about a possible recession, although he does not feel we will have one.  The growth for the year looks very mediocre.  Any chance of increasing rates has gone out the window.  Rates may even be cut.  There is no fiscal stimulus because the federal government is trying to balance budgets.  He invests in stocks not stock markets.  He asks how each company will fair in this kind of economy.  He picks the sectors and then the companies within those sectors.  He is focusing a lot on the US because their growth will be considerably better than Canada.  In Canada the financial sector is greatly oversold, however.  He is 40% US and heading to 50%.  He thinks the Canadian dollar will tend toward $0.75 this year.  Executives are leaving Sears because they don’t see many prospects.  3 CEOs in 27 months.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: _N/A
2015-07-02 BUY A Comment -- General Comments From an Expert
A Commentary
David Baskin

Big Banks.  He hears that a lot of American hedge funds have been shorting Canadian Banks in the expectation of being hit with mortgage defaults and the effects of the oil patch.  His research satisfied him that they are not in any risk of damage to their mortgage books.  Debt service ratios are at record lows because interest rates are so low.  House prices could fall 30% before banks would be at any risk of trouble.  The Canadian banks have no worries in this regard.  The major oil companies are not going to dry up and go away so again there is no risk to the banks.  There are pretty good opportunities to buy all of them.  BNS-T is oversold the most.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 PARTIAL BUY A Comment -- General Comments From an Expert
A Commentary
Andy Nasr

Markets. One of the bigger overriding stories continues to be the divergences of what Central Banks are expected to do. There is a slowdown in emerging market growth. China is trying to stimulate their economy. Europe has a potential negative impact if Greece exits the euro zone. The Canadian economy is relatively stagnant and yet the US economy looks like it is improving quite significantly, to the point where they are going to have to increase rates. That really does create opportunities in different parts of the world, especially if you are an equity investor, or even a fixed income investor. He continues to think that the best risk adjusted returns are in developed markets like the US. Canada should ultimately be fine if commodity prices strengthen a little bit. Even in Europe, if you ignore the potential impact of Greece exiting, he expects there will be a big increase in corporate profitability largely due to a lower euro, low interest rates, low oil prices, all of which will contribute to a gradual improvement in the economy.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: _N/A
2015-07-02 COMMENT A Comment -- General Comments From an Expert
A Commentary
Andy Nasr

Income products. Still thinks you can find value in dividend stocks. If you look at the performance of some of the dividend oriented sectors like REITs and utilities, they have been amongst the worst performers in the US this year, which is really creating a buying opportunity for longer-term oriented investors. In the real estate sector assets are at a significant discount to replacement value. Locking in single digit yields you should be able to make a lot of money as the economy improves because cash flows will go up.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 BUY Apple
AAPL-Q
David Baskin

He does not think the Apple watch is the be all and end all. The last iPhone release was successful.  He thinks Apple music will make incremental revenue.  11 times earnings.


Price: $126.440
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 COMMENT AGF Management (B)
AGF.B-T
Andy Nasr

Looking at all the asset managers, this is the one that he is least optimistic about their prospects. These have come under a lot of scrutiny and pressure. In order to improve performance, the company has taken on additional expenses, so you are seeing the revenue decline and expenses go up. It is very likely that their AEM continues to shrink.


Price: $5.930
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 COMMENT Altagas Ltd
ALA-T
Andy Nasr

People don’t appreciate how much their business is going to change in the next 2-3 years. They have very significant “run of river” power generation assets that are going to significantly affect an increase in cash flow and operating profit. Those “run of river” assets are secured by 25 year power purchase agreements that are indexed to inflation, so there is very little commodity risk. The commodity risks that exist are going to decline significantly. Part of the reason the stock has been punished versus some of the other names, is that it tends to be perceived as having more commodity price exposure, and he doesn’t think that is the case.


Price: $38.820
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 DON'T BUY Aecon Group Inc
ARE-T
David Baskin

Disappointing earnings.  People thought as it grew it would have made a lot more money.


Price: $12.360
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-07-02 HOLD Artis Real Estate Investment Trust
AX.UN-T
Andy Nasr

Payout ratio is below 100% and the balance sheet is in really good shape. They have internalized management. Have some US exposure, which is about 20% of their net operating income, which should offset some of the weakness that we are seeing. He would be comfortable in picking it up here. Dividend is rock solid.


Price: $13.550
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 BUY Bank of America
BAC-N
Andy Nasr

You could see a bit of a pullback in the share price, just because the 2nd quarter earnings might not be all that great. This should be a $21-$22 stock price 18-24 months out. You are going to continue to see management focus on cutting costs. When you combine that with mid-single digit growth and corporate and consumer loans, you should see them really benefit from higher ROE’s.


Price: $17.030
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 BUY Baxter International Inc
BAX-N
David Baskin

(Market Call Minute) There is a lot thrown away with every operation.  It is really expensive stuff.  BAX-N makes it.  Disposable medical supplies.


Price: $38.300
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-07-02 BUY BCE Inc.
BCE-T
David Baskin

(Market Call Minute) Likes it for the yield.  Probably going up over time.


Price: $53.690
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 BUY Progressive Waste Solutions Inc
BIN-T
David Baskin

Besides death and taxes, there is sure to be garbage.  It is an economically sensitive company because more economic activity generates more garbage.  Lots of room for growth on the dividend and earnings.  This company needs a catalyst for people to pay attention.  He expects volumes and therefore earnings to go up.


Price: $33.560
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
Showing 1 to 60 of 141,662 entries
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