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

Recent Opinions

Date Signal Company Expert Opinion Price
2014-07-22 N/A A Comment -- General Comments From an Expert
A Commentary
Terry Shaunessy

US ETF in an RRSP. Is it better to hold a basket of individual US dividend payers so I don’t get taxed? That is a very good idea. You do not get US withholding tax on a registered account.


Price: $0.020
Subject: ETF's
Bias: BULLISH
Owned: _N/A
2014-07-22 N/A A Comment -- General Comments From an Expert
A Commentary
Terry Shaunessy

Base metals ETF’s. Would you choose equal weight or a cap weight? He does like base metals. They have taken such a beating and have had a horrible 2 years. He would tend to be more in big cap weighted stocks rather than equal weight. (See Top Picks.)


Price: $0.020
Subject: ETF's
Bias: BULLISH
Owned: _N/A
2014-07-22 DON'T BUY Barrick Gold
ABX-T
Colin Stewart

He doesn’t have exposure to the precious metal space. The issue with the whole sector is that if you wanted to participate in the upside in gold prices, historically you would’ve been much better just to buy the gold itself. These companies had huge cost overruns and poor success with acquisitions. CapX has also been a challenge for them.


Price: $20.210
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 DON'T BUY Bank of America
BAC-N
Colin Stewart

Likes the overall US banking sector. The improvement in the US economy will help lift all of the US banks. Also, feels interest rates are going to rise over time, which will help the banks considerably. Prefers Citigroup (C-N) over this.


Price: $15.520
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 COMMENT Baidu.com
BIDU-Q
Colin Stewart

Doesn’t know the company well, but a great way if you want to participate broadly in China, e-commerce and growth in the Internet. Generally, it is probably not a bad name to add if you want exposure here.


Price: $198.430
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 DON'T BUY Ballard Power Systems
BLD-T
Colin Stewart

A very speculative stock in the fuel-cell business. Earlier in the year, a lot of companies in this space had a huge run up in share prices. He tries to avoid these speculative stocks. For the average investor, it is extremely difficult unless you have a strong belief in theme or have done a lot of work in the area. It is difficult to value these companies.


Price: $4.460
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 TOP PICK Corby Spirit and Wine (A)
CSW.A-T
Colin Stewart

The really interesting element is that whiskey is the big hot trend in the spirits business, and Pernod, their parent, does not have a US whiskey brand. Corby partnered with J P Wisers, their Canadian Rye brand, in order to make a big push into the US. They are just in the early stages. If successful and gets traction, this company’s earnings could go up substantially. If this expansion is successful, you are either going to get a big dividend increase, or Pernod is going to come along and try to buy the remaining piece of this company. Yield of 3.51%.


Price: $20.970
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: Yes
2014-07-22 BUY Caldwell Partners Int'l (A)
CWL-T
Colin Stewart

Has some good attributes and still likes it. Feels there is still some good upside left. In the executive search business, and have a significant presence in the US. As the US economy is recovering, they are getting a lot more traction and mandates there. About half of the market cap is sitting in cash, so from a valuation standpoint it really adds a nice margin of safety. A pretty attractive dividend, which he feels is sustainable and safe. He could see upside to $2 a share.


Price: $1.290
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: Yes
2014-07-22 DON'T BUY PowerShare DB Agriculture E.T.F.
DBA-N
Terry Shaunessy

Are futures ETF’s suitable for RRSP holding? This one is not like an agricultural ETF that has a seed companies, etc. but this is straight futures. Anything this speculative doesn’t really belong in an RRSP. You are truly speculating with this one. Because of the resets on these futures based ETF’s, they don’t quite carry out what you think is going to happen. Very expensive from the point of MER, and the tracking error is extremely high. If you want to be in a futures market, do it directly, not through an ETF.


Price: $26.330
Subject: ETF's
Bias: BULLISH
Owned: No
2014-07-22 PAST TOP PICK iShares MSCI Europe Financial
EUFN-Q
Terry Shaunessy

(A Top Pick July 24/13. Up 15.16%.) It was the US banks that led the market into the drink, and it was US banks that brought the market out in 2011-2012. So he expected that the European banks would be the leaders as well.


Price: $24.290
Subject: ETF's
Bias: BULLISH
Owned: No
2014-07-22 TOP PICK Hudson Bay Co.
HBC-T
Colin Stewart

Doesn’t love department stores, but this is a unique opportunity. There are 3 really prominent retail brands under this company, The Bay, Lord & Taylor and Saks. This is run by the real estate Baker family, and the real opportunity here is the monetization and the hidden value of the real estate. $5.5-$6 billion enterprise value company. Thinks the real estate alone could be worth $4 billion, which means you are buying the retail operation for about 3X enterprise value to EBIDA, a very depressed multiple yield of 1.2%.


Price: $15.250
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: Yes
2014-07-22 TOP PICK Horizons S&P/TSX 60 Equal Weight ETF
HEW-T
Terry Shaunessy

(A Top Pick July 24/13. Up 18.77%.) Likes this because it de-emphasizes financials a little bit. As the property market flattens out, some of the profitability of Canadian banks flattens out as well. The leadership is more with energy and materials.


Price: $12.990
Subject: ETF's
Bias: BULLISH
Owned: Yes
2014-07-22 DON'T BUY HBP NYMEX Nat'l Gas Bull+
HNU-T
Terry Shaunessy

Thinks the outlook for natural gas as a commodity is good. Two things have really impacted the demand for natural gas. One is weather and the other is industrial production. Industrial production in the US is starting to pick up, so demand for natural gas will be there. You could either play the commodities or play the companies. In this particular case he would recommend that you buy futures direct. ETF’s in this case are not particularly effective.


Price: $10.830
Subject: ETF's
Bias: BULLISH
Owned: Unknown
2014-07-22 PAST TOP PICK Hardwoods Distribution
HWD-T
Colin Stewart

(A Top Pick June 17/13. Up 53.58%.) Still likes this. Distributes wood products such as paneling for cupboards, flooring, etc. 70%-80% of their revenue is US based, so they are really positioned to benefit from an improving US housing and renovation market. Not an expensive stock.


Price: $11.110
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: Yes
2014-07-22 PARTIAL SELL Intel
INTC-Q
Colin Stewart

This is a stock that has broken out from a long-term trend. Had fallen into the category of old tech. This one is up over 30% year to date. Not overly cheap. Trading at a forward PE multiple of over 16X. Had a big run, so wouldn’t run after it here. If you own, consider taking some profits.


Price: $34.790
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 COMMENT J.C. Penney
JCP-N
Colin Stewart

Has put this into the category of “too tough to figure out”. Are they going up a lot, or are they going to zero? Had well published issues over the last several years. Still in a turnaround mode, but has $4.5 billion in debt, a lot more debt than equity. Lost money last year and analysts are forecasting they will make a little bit of money this year. Department store business is under a lot of pressure. Wouldn’t Short this because it has a very large Short interest, and if they do surprise and turn things around, the stock could go up a lot in a very short period of time.


Price: $8.650
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 PAST TOP PICK JP Morgan Chase & Co
JPM-N
Colin Stewart

(A Top Pick June 17/13. Up 12.71%.) Some issues regarding the health of the CEO, but feels this and Wells Fargo (WFC-N) are still the best in class.


Price: $58.670
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: Yes
2014-07-22 COMMENT KB Home
KBH-N
Colin Stewart

One of the smaller homebuilders in the US. Likes the space. Prefers Brookfield Residential (BRP-T) over this. You really want to look at the companies with the strongest land position, particularly in an environment where land prices are rising. Brookfield has 20 years plus of land inventory, so they don’t have to pay ever-increasing prices. If anything, they will be selling land to others.


Price: $18.080
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 COMMENT Logistec Corp
LGT.B-T
Colin Stewart

Owns and operates port assets. Has gotten a little more expensive. Not followed by many people and is a pretty darn good business.


Price: $36.000
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 COMMENT Martinrea
MRE-T
Colin Stewart

Do a lot of business with Ford (F-N). Have a number of manufacturing facilities in the US. Made an acquisition a few years ago in Europe that, on the surface was risky, but we are starting to see a turnaround in the European auto markets. Had some issues earlier this year when the former CEO came back, accusing management of wrongdoing. It seems those issues are largely behind them. Thinks they look pretty good. If you can stomach the increased volatility and some of the uncertainty, it is probably a good bet.


Price: $12.510
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 BUY Morgan Stanley
MS-N
Colin Stewart

Very well run company and very well-positioned to take advantage of the M&A theme and increasing IPO activity. Being an investment bank, as opposed to a more full service bank, it is really well-positioned. Not expensive at 12.5X earnings. He can see more upside. A good one to hold.


Price: $32.910
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 TOP PICK Madison Square Garden (D)
MSG-Q
Colin Stewart

Entertainment, sports, media company that has a mix of 3 different core businesses. They own the New York Knicks and New York Rangers. People are putting very large values on sports franchises. They also own Madison Square Gardens, and have the development rights/air rights above the building, to build an office building or condo eventually. Thirdly have the regional sports network, which is somewhere in the neighbourhood of $350 million a year. The combination of these things could make it worth as much as $100 a share. Feels the Dolan family could make a bid to make it private at some time.


Price: $60.220
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: Yes
2014-07-22 DON'T BUY Netflix Inc.
NFLX-Q
Colin Stewart

Stock is lower, and he thinks it was the concern over future spending to grow internationally. Over 50 million users, which is incredible, so the concept is definitely taking off. Probably under some margin pressure. The guidance on future earnings was a bit disappointing. Such high expectations are built into a share price like this that has gone up so much that it trades at a very high valuation. He would just avoid stocks like this altogether.


Price: $431.090
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 COMMENT iShares S&P US Preferred. E.T.F.
PFF-N
Terry Shaunessy

He uses this in some of his clients’ registered accounts. The yield is about 6%, and doesn’t pay any kind of withholding tax. Also, if some of the air comes out of the Cdn$ you get a bit of a boost.


Price: $39.780
Subject: ETF's
Bias: BULLISH
Owned: Yes
2014-07-22 BUY Paramount Resources
POU-T
Colin Stewart

If you are looking for gas exposure and a very well run company, this one is at the top of the list. Has had some great drilling success with a huge resource space.


Price: $56.780
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 COMMENT Rogers Communcations (B)
RCI.B-T
Colin Stewart

Doesn’t like this one today. There is a lot of media attention and chatter around the government wanting a strong 4th entrant into the wireless business. Because of that, there is going to be competitive pressure on the wireless space. It is a good business and is not expensive and pays a nice dividend.


Price: $42.140
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 PAST TOP PICK Rydex S&P Equal Weight ETF
RSP-N
Terry Shaunessy

(A Top Pick July 24/13. Up 21.17%) because this is such a broad ETF, rather than being market capped, each constituent is 1/500 of this index, so there is a bias to smaller, large-cap stocks, which tend to be the more growth part.


Price: $76.900
Subject: ETF's
Bias: BULLISH
Owned: Yes
2014-07-22 COMMENT Sunlife Financial
SLF-T
Colin Stewart

Thinks this will do well in a rising interest rate environment in the next several years, as life insurance companies do well where they can reinvest their float in a higher interest rate environment and generate higher earnings. Attractive from a balance sheet perspective.


Price: $40.660
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 COMMENT Toyota
TM-N
Colin Stewart

Well-run company. Japanese automakers have been gaining market share at the expense of North American companies. Share price has done well, but not as well as the auto parts companies. This is a relatively cheap stock on a price-earnings basis, and this is as good a bet as any of the others.


Price: $119.180
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 TOP PICK Vanguard US Total Mkt Ind ETF
VUN-T
Terry Shaunessy

Total US market. So this is big cap, mid-cap and small cap. You can buy this either hedged or unhedged. This is the unhedged total US market cap, and VUS-T is the one that is hedged.


Price: $29.920
Subject: ETF's
Bias: BULLISH
Owned: Yes
2014-07-22 PAST TOP PICK Western Forest Products Inc.
WEF-T
Colin Stewart

(A Top Pick June 17/13. Up 77.36%.) Lumber based company in Western Canada. Has leverage to a recovering US housing sector. Also, exports some of their products to Japan and China. Over the next couple of years, lumber prices are going to be very strong, and this company is under leveraged. Have done some share buybacks. Nice dividend in place. Also, have some interesting non-core assets, which they may look to monetize or sell. Could be worth as much as $3 a share.


Price: $2.200
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: Yes
2014-07-22 COMMENT Weyerhaeuser Co
WY-N
Colin Stewart

Would fall into the category of housing related stocks, and as US housing improves, this is poised to do very well. They own timber land, lumber business and oriented strand board. Doesn’t screen quite as cheaply as some of the Canadian lumber companies so he has focused on Canadian companies.


Price: $32.270
Subject: NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias: SELECTIVE
Owned: No
2014-07-22 TOP PICK iShares S&P/TSX Gb Base Metals
XBM-T
Terry Shaunessy

Any time he has the opportunity in his portfolios to buy international or US indexes in the Canadian market, he does it. This does not have gold in it, but is straight base metals. Nobody has put any new money into mining, and there is not a lot of capacity there. Feels that once this gets going, you are going to see a lot of action in the mining sector. It will always be the big cap guys that lead the sectors back, and that is why he has started with this one.


Price: $15.510
Subject: ETF's
Bias: BULLISH
Owned: Yes
2014-07-22 BUY iShares S&P/TSX SmallCap ETF
XCS-T
Terry Shaunessy

He owns this in very aggressive accounts. He likes it because it is dominated by energy and materials (mining). Feels there will be action on the M&A front. Small caps in Canada are actually where managers do very well.


Price: $17.700
Subject: ETF's
Bias: BULLISH
Owned: Yes
2014-07-22 DON'T BUY iShares S&P/TSX Capped REIT
XRE-T
Terry Shaunessy

He has abandoned the REIT market in Canada. It has been a terrific part of the market from the standpoint of growth and yield. In a rising interest rate environment, it is going to be a bit problematic. Doesn’t like Canadian REITs as opposed to US REITs because Canadian ones tend to be dominated by shopping centres.


Price: $16.500
Subject: ETF's
Bias: BULLISH
Owned: Unknown
2014-07-22 SELL iShares S&P/TSX Cap. Utilities
XUT-T
Terry Shaunessy

There was a rally in bonds, so utilities would respond to something like that. Also, low interest rates have been a huge help. Their day in the sun is kind of over with. This has to do with sector rotation, and he would have a tendency to move on.


Price: $20.000
Subject: ETF's
Bias: BULLISH
Owned: Unknown
2014-07-22 COMMENT BMO S&P/TSX Oil & Gas ETF
ZEO-T
Terry Shaunessy

Actually iUnits S&P/TSX Capped Energy (XEG-T) has done much better, simply because Canadian Natural Resources (CNQ-T) and Suncor (SU-T), which are 30%-40% of the index, did so well over the last 6 months. As the energy business continues to do well, the gains will become more evenly distributed. Owning something like this in addition to, or instead of XEG would be the way to go if you like energy.


Price: $17.240
Subject: ETF's
Bias: BULLISH
Owned: Unknown
2014-07-22 DON'T BUY BMO US High Dividend C. C. ETF
ZWH-T
Terry Shaunessy

Covered Calls tend to seduce investors because of the high yields that are there, but if you look at them they also have very high fees. He tends to dissuade people from using ETF’s that have an active component or leverage using a covered call strategy. There are all sorts of balls in the air. You are taking the risk of US banks and of the option writer as well as the volatility in the market. There is also a tax issue.


Price: $15.920
Subject: ETF's
Bias: BULLISH
Owned: No
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Investing.  Russia is an ongoing saga.  When the first market dip came and then bounced back he said it was not done yet, but that it was only market noise.  It does not impact global growth.  The best way to battle Russia in their new cold war is for the world to take less of their resources, so that will benefit Canada.  But that could be years away.  For now it is anxiety taking place in the summer months and investors may decide to defer buying.  Stocks are weak in Europe with financials leading and we see it going below a long term trend line so it might be a good idea to back off and not be an aggressive buyer.  One of the best ways to be defensive is to buy the US dollar.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: _N/A
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Shorting Equities – which equities to short:  He is negative on the energy sector in the short term.  One bullish thesis is that North American supply of oil offsets OPEC.  The US is importing less and less from OPEC, moving demand to Canada and that changes demand dynamics dramatically.  But names like SU-T are overbought.  You might short as a quick trade, but there is nothing that is particularly overvalued at this point.  RWM-N plays the short side of the Russell 2000.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: _N/A
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Equity based hedge for inflation over 15 years? The only inflation he knows of is inflation-linked bonds.  TIP-N in the US.  There is one in Canada also.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: _N/A
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment.  Selling out to Cash Because of Possible Correction:  We should see a 5-10% correction including seasonality and geopolitical events at present to occur soon.  Selling out to cash is risky because if markets go up, then you lose out.  It is harder to buy it all back much higher (psychology of investing).  If we get a correction, it is normal and mild.  We should not be overly concerned about it.  Typically in this situation, the Canadian dollar goes south.  He would play it by holding US currency or buying US investments that are hedged to the US dollar.  Holding US$ during a 10% correction would only lose you 8%.  ZWH-T adds a covered call component to reduce that loss to 6% yet when the market goes up you typically gets a 6% yield so if you are wrong and there is no correction you still make money.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: _N/A
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Ron Meisels

Markets.  Behavioral Analysis:  Technical Analysis is a sub section of Behavior Analysis.  It tells you how people behave according to the market.  By looking at people’s actions you want to predict up trends and down trends of a stock.  A lot of people are now worrying about the market having gone on for 4 years, but there is no law saying the market cannot go on further.  A lot of people got out of the market in 2008 and they have not all gotten back in.  We are in a major secular bull market.  S&P and TSX are more or less working in tandem. 


Price: $0.020
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: _N/A
2014-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Bruce Campbell (1)

Markets. The first few times the federal reserve ended quantitative easing, the markets didn’t like it at all. Now they are slowly unwinding it, and it is supposed to end in October. You would think that there wouldn’t be a problem, but the market always comes up with some kind of a reaction, so it really depends on whether we have had some kind of a meaningful correction before then. If so, then he thinks we’ll be okay. If we haven’t had anything, it might be an excuse for it to pull back. A little too early to tell. Even with bad news, the market doesn’t seem to want to go down. There is still a lot of cash on the sidelines, so that any meaningful pullback looks like it is going to be bought. Good companies and dividends will still provide positive returns.


Price: $0.020
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: _N/A
2014-07-21 TOP PICK Argonaut Gold
AR-T
Bruce Campbell (1)

Started to buy this again recently. Just reported production, which was about a 7% miss, so the stock has pulled back. Currently trading $0.65 from its NAV. There is production growth coming. This was just a quarter that got pushed into the back half of the year, so they kept guidance the same. Thinks it is easy for this to go to $5 again. This is a seasonally strong period for gold (and silver), so he thinks there is at least a trade in this. Low cost producer at about $700 an ounce.


Price: $4.180
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 COMMENT Aecon Group Inc
ARE-T
Bruce Campbell (1)

Likes this. Sold it and moved to SNC Lavalin (SNC-T) where he sees 10%-15% upside. He still holds this company’s convertible debentures. A good company, but it just got a little ahead of itself for him.


Price: $16.500
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 WATCH Avigilon Corp
AVO-T
Larry Berman CFA, CMT, CTA

A very niche area.  There is a lot of good news and the stock is going up and then it turns.  It looks to him like you have this strong potential support at $20.  The market seems to have forgotten what this breakout was about.  You need to see the break out establishing.


Price: $23.400
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2014-07-21 WATCH Avigilon Corp
AVO-T
Ron Meisels

There are corrections in time and in price.  When a stock goes through a downward correction it is next likely to go in a horizontal correction (a correction in time).  The stock is currently fighting its 40 week moving average.  He thinks the stock will test the $20 area.


Price: $23.400
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 BUY Avigilon Corp
AVO-T
Bruce Campbell (1)

Has been a recent buyer of this. He understands that the next quarter is the same or even better. Doesn’t think there is going to be disappointing earnings, and they may surprise on the upside. You’re probably going to see it go back to $30.


Price: $23.400
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 COMMENT BlackBerry
BB-T
Bruce Campbell (1)

He finds this one too difficult to value. When you buy, you can get some kind of announcement out of left field. He sees the NAV as anywhere from $12-$15. You could get one of those numbers if you broke up the company, but if you don’t, an ongoing trading range is lower than the present price.


Price: $10.730
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 WEAK BUY BCE Inc.
BCE-T
Larry Berman CFA, CMT, CTA

Media is huge going forward.  We will probably not see the growth over the next few years so it is about the yield.  It is a fine holding to accumulate when it pulls back.


Price: $48.660
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2014-07-21 BUY on WEAKNESS Bonavista Energy Corp
BNP-T
Larry Berman CFA, CMT, CTA

This strong trend developing last year broke and we are getting lower lows and lower highs now.  This is not good.  We are in correction mode.  There was support in the $14 area, so 2-3% lower he sees support coming in and that is where to nibble. 


Price: $14.410
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2014-07-21 PAST TOP PICK Bank of Nova Scotia
BNS-T
Bruce Campbell (1)

(A Top Pick July 23/13. Up 29.72%.) Had a theory that all you had to do was buy the worst-performing bank in the big 5, and the next year it will either be the best or the 2nd-best. That works 18 out of 20 times.


Price: $72.810
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 PAST TOP PICK Cameco Corporation
CCO-T
Ron Meisels

(Top Pick Jan 20/14, Down 8.93%)  It violated its uptrend so he sold it.


Price: $22.820
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: No
2014-07-21 WATCH Catamaran Corp
CCT-T
Bruce Campbell (1)

This was expected not to do so well and have a flattish year, but had a surprisingly very good first quarter. They are reporting in the next couple of weeks, and if they have another one the stock has room to move. Looks interesting, but a little bit risky if you buy before the earnings.


Price: $47.420
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 TOP PICK Cineplex Inc
CGX-T
Bruce Campbell (1)

This is the 1st time in a while that there has been a decent pullback (10%) because of the lack of blockbusters. Third and 4th quarters are going to be better. Thinks you will get about a 10% return plus the dividend, giving you a 14%-15% return, with a ton of safety. One of the best management teams out there.


Price: $39.150
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 WATCH Canadian Natural Rsrcs
CNQ-T
Ron Meisels

Some stocks have run too far while others have already had a correction.  This one could go back to $43 and then it would be a buy.


Price: $48.490
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
2014-07-21 COMMENT Canadian National R.R.
CNR-T
Bruce Campbell (1)

Just reported in line with what was expected. The cheaper rails tend to be US because the 2 Canadian rails have done so well. He is currently in CSX Corp (CSX-N), which is at about a 5 multiple discount. This one has the best operation in North America.


Price: $72.950
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: No
2014-07-21 BUY Crescent Point Energy Corp
CPG-T
Bruce Campbell (1)

The 6% plus dividend yield is not a concern to him. Lots of growth in production. This is a good entry point. He sees this going back to $50-$52 a year from now.


Price: $44.160
Subject: CANADIAN LARGE
Bias: CAUTIOUSLY OPTIMISTIC
Owned: Yes
2014-07-21 WEAK BUY Cequence Energy Ltd.
CQE-T
Ron Meisels

Nat. Gas. Made a nice base after a sell off.  It went into a trading range, building a base.  This year it had a break out and an up leg.  We are now going through a bit of a correction and now it is starting to be a good stock to be in. 


Price: $2.320
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: BULL
Owned: Unknown
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