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

Recent Opinions

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Date Signal Company Expert Opinion Price
2017-10-17 HOLD Blackstone Group LP
BX-N
Brian Acker, CA

Hold or Sell? He doesn’t consider the market is high. If you went back to the market highs of 2000, and if the S&P 100 was at that valuation, the S&P 100 would be at 5000. This is not the most expensive market ever. This closed at $33.26, and his model prices $53.87, a 61% upside. He likes financials.


Price: $33.220
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 TOP PICK CitiGroup
C-N
Brian Acker, CA

Had a nice pullback to EBV -2. Dividend yield of 1.8% which had been increased in the June quarter by 100%. Thought they would increase it again, but are probably waiting for year-end. Relative to their earnings, it is only paying out 23%. We are coming out of the financial repression and getting higher interest rates. (Analysts’ price target is $78.75.)


Price: $72.190
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-17 TOP PICK CohBar Inc
COB.U-X
Michael Smedley

2 eminent Israeli scientists on the West Coast did things with mitochondria-based therapeutics for the treatment of age-related diseases 30 years ago. This is new in the market.


Price: $6.150
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-17 COMMENT Canadian Pacific Rail
CP-T
Brian Acker, CA

Closed at $210, and he has a model price of $238. When it pulled back to $189, that was a good price. He would love this to come back to $149. This is not too expensive. When it does rally, it will probably rally up to $238 or $237. For fresh capital, there is more and better ideas out there.


Price: $209.670
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 SELL CVS Health Corp
CVS-N
Brian Acker, CA

This had a Sell signal on his system last week. It had a negative transit of UV+3. He would sell this.


Price: $72.630
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 DON'T BUY Dorel Industries
DII.B-T
Brian Acker, CA

This is struggling. Thinks it goes to $26.50. Closed at $31.39. He has a model price of $49, which is 57% higher, but this is a cyclical. The market is actually shooting consumer stocks right now.


Price: $31.880
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 DON'T BUY Encana Corp
ECA-T
Brian Acker, CA

He doesn’t care much for this. It closed at $14.17 and his model price is $15.08, a 6% upside. Pays a very puny dividend. He would prefer others such as Imperial Oil (IOL-T) or Suncor (SU-T).


Price: $14.300
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 PAST TOP PICK General Electric
GE-N
Brian Acker, CA

(A Top Pick Aug 29/16. Down 23%.) They are going to report earnings this week, and if it went through his EBV+3 at $20.66 he would be buying more. They did the hard work of removing a totally inept CEO. The stock has gone nowhere in 17 years. Hopes this is a big turnaround. Flannery is the new CEO and gets to have the third-quarter report, and we’ll see what happens.


Price: $23.190
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-17 HOLD goeasy
GSY-T
Michael Smedley

This is the old Easy Home where they had rentals of furniture. It was very useful for Newfoundlanders who went to Alberta. The company has switched very largely and its patent business is now in the lending game, and is pretty good. Dividend yield of 2.5%.


Price: $29.330
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-10-17 PAST TOP PICK Knight Therapeutics
GUD-T
Michael Smedley

(A Top Pick Dec 14/16. Down 14%.) Just sold this a few days ago. Doesn’t think there is anything wrong with it. It’s Jonathan Goodman, who is an expert in what he does. He has to acquire more products to make the company bigger, and will probably achieve that. Still a Hold.


Price: $8.570
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-10-17 COMMENT Global Water Resources
GWR-T
Michael Smedley

Water is obviously important, particularly in the US. Thinks this is located in Arizona, and has quite a lot of permits. The chart is an improving one.


Price: $12.040
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-10-17 BUY Hudson Bay Co.
HBC-T
Michael Smedley

Thinks this probably should be bought here. Thinks it is a nice, patient Hold.


Price: $11.990
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-10-17 COMMENT Huntington Ingalls Industries
HII-N
Brian Acker, CA

Designs, overhauls and repairs ships. His model price is $201.87, a negative 14% from its current price. If it corrected back to $201, he would be a buyer.


Price: $235.230
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 PAST TOP PICK Hewlett Packard Enterprise Co.
HPE-N
Brian Acker, CA

(A Top Pick Aug 29/16. Up 19%.) Thinks this will continue to do well.


Price: $14.610
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-17 TOP PICK Intel
INTC-Q
Brian Acker, CA

An old tech company, and hopefully they can get things together. This has huge value. It closed at $39.76, and his model price is $61.56, a 54% upside, just on their current earnings. Dividend yield of 2.7%. (Analysts’ price target is $41.)


Price: $39.790
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-17 DON'T BUY Intertape Polymer Group
ITP-T
Brian Acker, CA

He wouldn’t be a buyer. The closing price was $18.89, and he has a model price of $22.78, only a 20% upside. It is trading at EBV 5, a very expensive valuation. There was a negative transit back in August, and it is really struggling under that. He senses that there is a little bad news happening in the future.


Price: $18.920
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-10-17 COMMENT iShares Russell 1000
IWB-N
Brian Acker, CA

Sell some of the S&P 100 (OEF-N) or the Russell 1000 (IWB-N)? He would stick with the S&P 100. This one is a small company. When you have this much in terms of differential between Fair Value, he thinks the biggest companies will benefit.


Price: $142.230
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 COMMENT Linamar Corp
LNR-T
Brian Acker, CA

He sees a ceiling of $100. It is currently at $70.26. His model price is $132.82, a 70% potential upside, but this is a cyclical. The stock dropped so much because everyone thought we were at peak auto, but this company’s worked through that and has gone higher. He sees better potential elsewhere.


Price: $78.980
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 COMMENT Mattel
MAT-Q
Brian Acker, CA

Consumer discretionary is just ugly out there. It really needs to hold this level. EBV+3 is $15.03, and this closed at $15.57. His model price is only $15.81. This company needs a good Christmas season.


Price: $15.590
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 COMMENT Morguard Corporation
MRC-T
Michael Smedley

This still has room to grow. A splendid company with a great team of people. Has some very long-term leases of properties as well. A very, very strong company that knows its business. Thinks it will carry on expanding very carefully. One of his largest holdings.


Price: $194.000
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-17 PAST TOP PICK Northern Dynasty Minerals Ltd
NDM-T
Michael Smedley

(A Top Pick Dec 14/16. Up 13%.) One of those eternals that is desperately trying to become one of the world’s greatest copper/gold mines in Alaska. It has recently been affronted by criticisms from so-called EPA scientists who have not been given a chance to protest about certain permits being granted.


Price: $2.470
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-17 COMMENT iShares S&P 100
OEF-N
Brian Acker, CA

Sell some of the S&P 100 (OEF-N) or the Russell 1000 (IWB-N)? He would stick with this one. The Russell 1000 is a small company. When you have this much in terms of differential between Fair Value, he thinks the biggest companies will benefit.


Price: $113.340
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 DON'T BUY Onex Corp
ONEX-T
Brian Acker, CA

Right now, this is hanging on EBV+3. EBV offers support for the stock. He would choose not to play this as there are other opportunities out there. It is very nebulous to look at and there are no real earnings.


Price: $100.070
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-10-17 TOP PICK Patriot One Technologies Inc.
PAT-X
Michael Smedley

This is providing a form of camera-less scanning, which is low-frequency radar base which you can put into a covert state such as the wall. There is only one other company in the world that has this kind of technology. The key now is that they get producing over the next many weeks.


Price: $1.380
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-17 COMMENT Pfizer Inc
PFE-N
Brian Acker, CA

Has owned this for a long time. Rates of return over the last 5 or 6 years have been mediocre. Trading at $36, and his model price is $45.72, a 27% upside. Pays a 3.56% dividend. They have been totally incompetent. If rates of return ever kept up with the rest of the drug space, he would buy it here and hold it, but it is a frustrating stock.


Price: $36.200
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-17 COMMENT Pembina Pipeline Corp
PPL-T
Brian Acker, CA

Closed at $42.91, and he has a model price of $53.25, a 24% premium over the current price. If it got $39.51, it would be interesting. Remember that in the 1st part of 2016, the stock was basically down to about $27. It’s had a good recovery. Feels that a lot of interest sensitive stocks are meeting a lot of competition as interest rates move higher.


Price: $42.390
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 COMMENT Rogers Communcations (B)
RCI.B-T
Michael Smedley

A symptom of the ailment of Canada, which really started in trying to protect Canadian culture from the Americans. The government tried desperately and futilely to get competition into the market, without allowing foreigners to approach. So essentially, you have a bad product in the end. It has been doing well, and will probably continue to do so. 2.9% dividend yield.


Price: $67.600
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-10-17 COMMENT Royal Caribbean Cruises
RCL-N
Brian Acker, CA

This is at a valuation high. His model price is $199.99, 50% higher than the current stock price. This just had a positive transit. Any pullback to EBV+3 of $99, he would certainly be a buyer.


Price: $127.220
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 COMMENT Russel Metals
RUS-T
Brian Acker, CA

This is at what he considers resistance. If he had a “break even”, he would be a seller. His model price is $44. In the last 8 years, EBV 3 has been a significant resistance for this stock. There is more value elsewhere.


Price: $28.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 COMMENT Shopify Inc.
SHOP-T
Michael Smedley

The short position of Mr. Andrew Left and Citron?You can’t say his news is fake news. You can say that he is delivering his opinion. He has never quite understood this company to personally get into it, but has been jealous of anybody who has. However, he has funds that hold it. The more he hears about the methodology, he wonders about the casino aspect of venture capital listing on its site, when he knows historically that 1 out of 20 venture capital used to be the rate of success. He doesn’t feel it will go higher.


Price: $120.570
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-17 TOP PICK Savaria Corp
SIS-T
Michael Smedley

Founded in 1979 and a Québec businessman bought it out 10 years later for $100,000. He is now approaching $148 million in revenues, and hopes to march onto $500 million by 2021. One of the great specialists in the world with equipment that helps aged people improved their balance through stair lifts and other things that improve mobility. He is dedicated to 17% pre-EBITDA margins. Dividend yield of 2.4%. (Analysts’ price target is $17.)


Price: $14.630
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-17 BUY on WEAKNESS Stryker Corp.
SYK-N
Brian Acker, CA

He likes this company. Anything in the S&P 500, or even the S&P 100, is perfect for him. This closed at $147.29. Has a model price of $140, and the stock is just a little ahead of itself. Would be a buyer on any pullback.


Price: $148.790
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 DON'T BUY Teck Resources Ltd. (B)
TECK.B-T
Brian Acker, CA

This one is tough. (Sold his position.) He can’t say it is a strong Buy or that it is a strong Sell. His model price of $69.73 is 140% above the current price, but what is happening is that the model price is decreasing over time because earnings estimates have been grinding lower. If it went to $34.50, he would hit the Sell button. If it got down to $20, he would be a buyer.


Price: $28.160
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-10-17 HOLD Teck Resources Ltd. (B)
TECK.B-T
Michael Smedley

Your senior of the somewhat reduced metal space. It has its good mines, and is somewhat exposed to the oil sands, which worries him a little. Has a great history of going up and down, but basically it is a big copper producer. Copper is looking pretty strong.


Price: $28.160
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-10-17 BUY Tahoe Resources
THO-T
Michael Smedley

This is the Guatemalan end of the business of precious metals. They’ve got activists all around creating the usual problems. He believes the courts have permitted them to go forward. Expects it will get sorted out. Hold on or buy.


Price: $6.400
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-17 WAIT Tourmaline Oil Corp
TOU-T
Brian Acker, CA

This had a negative transit in the 1st week of August. It has tried to rally past that negative transit, and now we are floating down to another EBV level. It has a chance of hitting $15.80.


Price: $22.990
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 PAST TOP PICK Spin Master Corp
TOY-T
Michael Smedley

(A Top Pick Dec 14/16. Up 47%.) Thinks this will go on. It’s the foremost of the toy companies below the level of Disney etc. They are very creative and have developers all over the world. Continue to hold.


Price: $50.390
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-17 BUY on WEAKNESS United Parcel Services
UPS-N
Brian Acker, CA

This hits all the boxes. It is expensive. Closed at $118.34, and his model price is $57.25, 51% higher than its model price. He would be a buyer on any pullback.


Price: $117.680
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-17 COMMENT Canopy Growth Corp.
WEED-T
Michael Smedley

Delisting of cannabis stocks if they are doing any deals with the US?He doesn’t know why that story has gone around. Looks at it as fake news. TSX has said they want to know about holdings in the US. This company is clearly recognized as one of the biggest.


Price: $12.520
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-17 PAST TOP PICK Exxon Mobil
XOM-N
Brian Acker, CA

(A Top Pick Aug 29/16. Down 2%.) This certainly didn’t lose any money in a very harsh environment for oil. It might do well in a reduced carbon world, and look for this one to hopefully lead the way.


Price: $82.960
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-16 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Market.  US earnings are starting on a so-so footing.  The banks started off and given the low volatility of the market, trading volumes were lower than expected.  Revenue growth year over year was not as great as expected so markets were soft.  Banks’ profitability is based on the yield curve and so he does not get excited about the rising interest rate environment because the yield curve is getting flattened.  If you add three more rate hikes, by Q3, we get an inverted yield curve and that predicts recession in 2019.  He does not want to chase markets higher.  Defense is called for.  We are in the worse seasonal period of the year and yet markets have gone higher.  Mid to end of October is historically the worst part of this.  He is waiting for today’s unveiling of the new income tax changes in Canada.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-10-16 COMMENT A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Currency.  If people sell the dollar, where is the other side of that trade?  The Canadian dollar is not big enough for the sale of US dollars.  The Euro can’t be because the Euro will break up soon.  The Japanese Yen is a possibility and he does not think we will see a flight to Chinese Yuan.  Don’t worry about the dollar.  It is not going anywhere any time soon.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-10-16 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment.  Richard Thaler won a Nobel price.  He is the best behavioral economist.  He spends a lot of time trying to get through to viewers and teach them how to make a better investment decision.  Richard is best known for the endowment effect where you value something overly when you already own.  You are reluctant to sell it below what you bought it at.  Even utility bills are giving you little nudges to help you make better decisions in the use of your energy. 


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-10-16 N/A A Comment -- General Comments From an Expert
A Commentary
Keith Richards

Market.  A correction is by no means implausible at this stage.  There is a small stage during the last couple of weeks of October for a correction.  Momentum is a bit overdone.  Things have gotten extreme over the short term.  There is a potential for a small correction.  You should be buying because there is no end to the overall trend coming.  If you have some cash, get in and buy.  Several times the TSX has come close to the 16,000 level.  It is pretty strong technical resistance level.  It is the 30th anniversary of the Wall Street crash, but he does not thing that is significant.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: _N/A
2017-10-16 N/A A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

Market.TSX is finally waking from its slumber. Markets can move quickly. The TSX is up about 4% to date, which is not terrible, and if you add dividends, you get 6%, which is livable. Of course, in context with what is going on in other markets, we feel we are left behind. The Cdn$ going up hurts your returns if you have gone outside of Canada to try and get excess returns. September was a pretty good month for his clients, and October so far so good. Feels banks are attractive on valuation, and they don’t get a lot of credit for consistency of earnings they have delivered. Historically, they have returned double digit compound returns.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2017-10-16 TOP PICK Apple
AAPL-Q
Barry Schwartz

Attractively priced. Whether it comes out in November, December or whenever, they are going to sell a lot of iPhone 10s. Some analysts say they could sell as high as 270 million phones, which would be 20% more than their biggest phone sale. Has a ton of cash and are going to be a big beneficiary of tax repatriation, if that happens, with tax reform. At some point, he expects they will start putting that cash to work with either a massive buyback or massive dividend increase, etc. Dividend yield of 1.6%. (Analysts’ price target is $180.)


Price: $159.880
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-16 WATCH Arbor Realty Trust
ABR-N
Keith Richards

The dollar has been crazy.  Te stock is definitely struggling a bit.  It is more of a consolidation.  It is forming a triangle.  It depends what side of the triangle it breaks out on.  Don’t make a prediction until it proves which side of the triangle it will break out on.


Price: $8.350
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-10-16 TOP PICK Acadian Timber Corp
ADN-T
Barry Schwartz

This gives you equity-like returns on assets like timber, that grows every single year. There are going to be big benefits from them if the US housing market continues to recover. When he does the math on their acreage and what the stock is trading at, it is undervalued by at least 20%. In the meantime, you have excellent returns. They have grown the dividend twice already in the past few years. On pullbacks this is one to own. Dividend yield of 5.8%. (Analysts’ price target is $19.)


Price: $19.120
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-16 DON'T BUY Altagas Ltd
ALA-T
Keith Richards

When you have an unusually high dividend, it is sometimes an opportunity but more often it is a sign that the market is selling off the stock thinking there is worse times coming.  ALA-T is in a down trend.  Until lower lows and lower highs stop, it is in a downward trend.  The market may be forecasting a cut in the dividend.


Price: $28.430
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-10-16 HOLD Aecon Group Inc
ARE-T
Keith Richards

The longer term trend is up.  It is coming off the bottom of its trading range.  As long as it stays in the general uptrend, it would stay with the story.  You have to put up with the volatility. 


Price: $16.360
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-10-16 WATCH Alimentation Couche-Tard (B)
ATD.B-T
Keith Richards

The level of consolidation is worrisome.  Support is about $60 and it is pushing that now.  If it stays he would hold it based on the consolidation breaking out.  He would only be worried if the recent move down does not come back up into the trading range.  If not, it would indicate a new trading range.  It is a wait and see.  Metro is selling their ATD.B-T holding and this could be putting pressure on it. 


Price: $59.850
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-10-16 COMMENT Becton Dickinson
BDX-N
Barry Schwartz

Recently started buying this. For lack of a better way to describe it, this is like a full complete service provider for medical supplies to hospitals and clinics. They sell consumables such as syringes and catheters, and are trying to get more into drug delivery and software. Acquiring Bard C R (BCR-N). A great company and a good business to be in.


Price: $200.820
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-16 COMMENT Brookfield Infrastucture Partners
BIP.UN-T
Barry Schwartz

Since this went public it has had something like a 20% compound total return. The whole Brookfield group is such a great well-run business. What they’ve been able to do, which no one else has been able to do, is to have a long-term plan and strike when the iron is hot and acquire distressed assets. Recently did a big equity deal, and assumes they have a lot of deals they are working on. Dividend yield of 4.3%.


Price: $54.560
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-16 BUY on WEAKNESS Berkshire Hathaway Inc. (B)
BRK.B-N
Barry Schwartz

There hasn’t been any meaningful pullbacks on the chart, so not many buying opportunities on many of the US stocks. This stock has been unstoppable. It has one of the greatest collection of assets in the US. If you believe the US is going to continue to be a powerhouse and a grower in their economy, this is one of the best ways to play it. On any pullback, he would be in there.


Price: $187.960
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-10-16 COMMENT CASH
CASH
Keith Richards

He holds it for seasonal reasons.  Sell in May and go away did not work this year.  The other reason he holds cash is if he sees a break in the trend of S&P.  He goes 15% to 50% into cash, depending on what he sees.


Price: $0.010
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: _N/A
2017-10-16 COMMENT Cineplex Inc
CGX-T
Barry Schwartz

It’s been nasty being a shareholder this year. It had a disastrous summer. There weren’t any good movies. Box office returns were down anywhere from 10% to 15%, which is going to hurt their bottom line. It looks like it will end the year down 1%-2% on the box office. The 2018 slate looks promising. They’ve done a great job in raising ticket prices, raising prices on food, and are light years ahead of the US competition, because they’ve expanded into other areas. Thinks they are going to be very successful. Will benefit from Sears and Target closing up shops, as they will be able to negotiate pretty good leases and acquire big sites to launch their entertainment centres. Even at $38, it is not a cheap stock, however it has a great business model. As the movies pick up, it can go a lot higher. 4.3% dividend yield.


Price: $38.320
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-10-16 TOP PICK Canadian Imperial Bank of Commerce
CM-T
Keith Richards

They are far more levered to housing and mortgages.  It has not come back to the old highs.  They are good at what they do.  It is the most unloved and the lowest PE bank.  (Analysts’ target: $118).


Price: $112.270
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2017-10-16 WATCH Cominar Real Estate Inv Tr
CUF.UN-T
Keith Richards

The big picture is a little bit bearish.  There is a look to this stock that it is heading for $15.  If it breaks the bigger picture downtrend it will be positive. 


Price: $13.880
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-10-16 HOLD CVS Health Corp
CVS-N
Keith Richards

It is consolidating and is a really good example of a base.  You know to sell it if it breaks down 3% below the trading range for 3 weeks.  If it breaks to the upside 3 weeks, 3% to the upside, then you should buy it.


Price: $72.440
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-10-16 COMMENT Walt Disney
DIS-N
Barry Schwartz

Had to kind of talk down earnings due to hurricanes, and close up their theme parks for a couple of days. This year has been tough because there hasn’t been a good movie slate. Q4 numbers are going to come out soon, and there were no new releases in Q4. These issues are well known. ESPN is now about 20% of their operations. The company has one of the best assets in the world in their theme park operations, which probably represents about 40% of their business. They have pricing power and attendance is growing and there is launching of more and more additions to the theme parks.


Price: $98.130
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
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