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

Recent Opinions

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Date Signal Company Expert Opinion Price
2016-02-10 DON'T BUY MEG Energy Corp
MEG-T
Swanzy Quarshie

A challenge in that you have to have a significant bullish sentiment on oil/gas prices, especially oil, to be invested in it. Has significant debt. The maturity for the debt is pretty long dated, such as 2020-2021, however their interest payments per BOE is around $10. They are attempting to address this by potentially selling the access pipeline, but they didn’t talk about this very much in their quarter. She would stay on the sidelines until you know where oil prices are going to go and that management is able to address their debt burden.


Price: $3.970
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 SPECULATIVE BUY Madalena Ventures
MVN-X
Swanzy Quarshie

A player in Argentinian shale. A really interesting company, and if you have a little bit of money where you want to play some significant torque, this is an interesting one. Argentina for her is a “no go zone” because of their historical issues of taking assets away. However, the country is improving politically.


Price: $0.270
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: No
2016-02-10 HOLD Peyto Exploration & Develop.
PEY-T
Swanzy Quarshie

An excellent quality company which has done really well. They have been able to grow in this environment. A low cost producer and this is an excellent environment. Will get some really good deals. Some good optionality here for higher natural gas prices.


Price: $29.430
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 WAIT PrairieSky Royalty
PSK-T
Swanzy Quarshie

(Market Call Minute.) There is talk about a dividend cut, and thinks it is quite likely. They don’t want to carry any debt, and the payout ratio is over 100% right now. They can pay out almost all their cash flow because they don’t have to spend any money to drill. However, with Canadian Natural Resources (CNQ-T) selling their royalty assets to Prairiesky, you have to recognize that CNQ has a 19% ownership. They could cover off some of their debt to CNQ shareholders in the form of a dividend. Wait until that is over.


Price: $19.090
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 PARTIAL BUY RMP Energy
RMP-T
Swanzy Quarshie

A Montney player with a lot of elements for a good potential story. Feels there is a lot of upside, especially with the Waskahigan play. With all these small gas companies, liquidity is a problem. This one has a pretty low debt to cash flow, but the room they have in their lines is somewhat limited. She would like to see it through another credit facility valuation, and that will be coming quite soon for a lot of these companies. Once you are quite certain that the liquidity is there, it would be a good entry point. It is worth a small turn at these prices.


Price: $1.430
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 PAST TOP PICK Raging River Exploration
RRX-T
Swanzy Quarshie

(A Top Pick Feb 12/15. Up 4.76%.) This company is extremely impressive. It has done everything that a company should be doing in this environment. Had lots of free cash flow potential and an extremely healthy balance sheet.


Price: $8.910
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Yes
2016-02-10 COMMENT Starbucks
SBUX-Q
John O'Connell, CFA

Would love to own this, but it has always been a bit too rich for him. Trading at 30X forward earnings. Thinks their move into China will serve them well, but the Chinese don’t drink a lot of coffee, they drink a lot of tea.


Price: $55.140
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-10 DON'T BUY Surge Energy Inc
SGY-T
Swanzy Quarshie

This is doing quite well right now. Had to cut the dividend and rationalize their CapX, but have been able to high grade their portfolio, which helps them in terms of their operations. You own this for a torque in oil prices, because in this environment they are not making any money. Sees better options elsewhere.


Price: $1.940
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 DON'T BUY Shaw Communication (B)
SJR.B-T
John O'Connell, CFA

Has trouble owning companies that have anything with a “dot B” in the symbol, a non-voting stock. The company hasn’t created a lot of value for shareholders in probably 10 years. They are shuffling things around between other company holdings that they control. 


Price: $23.110
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-10 BUY Spartan Energy Corp
SPE-T
Swanzy Quarshie

(Market Call Minute.) Great company and great management with lots of growth opportunity. Feels they are going to be an acquirer in this market. Very good balance sheet.


Price: $2.360
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Yes
2016-02-10 COMMENT Torc Oil & Gas Ltd
TOG-T
Swanzy Quarshie

A great company with one of the best management teams in Calgary. Has the oil upside which is where you really want to be right now, because the commodity is bottoming. Given where commodity prices are now, there are a lot of dividend cuts, and Torc hasn’t had its turn yet, but she feels management is considering it. The payout ratio is higher than comparable companies. Dividend yield of about 11%.


Price: $4.780
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Unknown
2016-02-10 DON'T BUY Tesla Motors Inc
TSLA-Q
John O'Connell, CFA

Hated the stock for a long time and is finally seeing some joy. Elon Musk is a visionary and has a confidence to not only blow his billions, but all kinds of other shareholders billions, in order to build an electric car. The electric car is here. The battery is not the issue; the issue is that there is nothing unique about what they do. They started by building a great new car and were out first. But often the 1st mover is not the winner. Cars are fashion statements and people like to buy them because of the way they look. All the manufacturers are going to come out with electric cars, so it really comes down to style. This company has struggled to make 55,000 cars a year and they make no money on their cars. They are living on tax credits to cover part of their costs. When competition comes out that has a lot of skill in mass scale manufacturing, how can this company possibly get the critical mass they need?


Price: $143.670
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-10 TOP PICK Vermilion Energy Inc
VET-T
Swanzy Quarshie

They have not impaired their balance sheet with what is going on in oil prices. This does really nicely for higher oil and gas prices, and the company will do quite well in that environment. Also, thinks its business has been proven. There is going to be a lot of free cash flow generated from its current project offshore Ireland. Have already drilled the well and just have to turn the taps on and wait for the money to come in. Great management team. Dividend yield of 7.85%.


Price: $32.460
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Yes
2016-02-10 PAST TOP PICK Whitecap Resources
WCP-T
Swanzy Quarshie

(A Top Pick Feb 12/15. Down 53.5%.) Lots of free cash flow and dividend growth potential is still there in a high oil price environment, but their hedging has rolled off, which makes things a little more challenging. It also increases their debt. Too many people were hiding in this story. Thinks very highly of management. Dividend yield of 7.6%.


Price: $5.930
Subject: OIL & GAS
Bias: OPTIMISTIC on OIL
Owned: Yes
2016-02-09 N/A A Comment -- General Comments From an Expert
A Commentary
Andy Nasr

Markets. This is going to be a challenging year for investors. It has been much more pronounced than people expected. Feels we are now getting to the point where lower oil prices are sparking concerns about credit. A lot of people are looking at the banks, their balance sheets and exposure to oil companies as well as debt maturities coming up for renewal this year and next, and how many companies are going to be going concerns. You are seeing this with Canadian, US and European banks, so you have credit concerns. Over and above that you have global growth concerns, so people are starting to fret about China in 2016-2017 as they go through the transitionary period with their economy. People are making bets against the Chinese Renminbi, and are going short the currency, because they suspect further devaluation is necessary to stabilize economic growth. Then there is some uncertainty about growth in the euro zone and Japan and what the ECB is going to do at their coming meeting in March. All those global growth concerns, low commodity prices, currency depreciation are really contributing to the economic market volatility. Thinks we are going to see the US Fed take a more dovish stance. While most people were expecting 4 rate hikes at the end of 2015 and 2016, now we will be lucky if we get one, if that. If the US Fed backs off, it could be a bit of a rallying cry for equities and maybe a reset of inflation expectations, which is why you are probably seeing the US$ fall back.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: _N/A
2016-02-09 N/A A Comment -- General Comments From an Expert
A Commentary
Christine Poole

Markets. There seems to be a lot of uncertainty as to what is happening with the impact of energy and fears that we are heading into a global recession. Certain regions are overly dependent on energy which has hurt their economy, and Canada is one of them. US doesn’t have energy as that important of a role. Manufacturing has been quite weak, even in the US. Some CEOs have said we are in an industrial recession. However, for the US economy, the US consumer is much more important, as their economy comes for 85% of GDP. The US consumer is in a very good situation. There were very strong job numbers last week, even though they were below consensus numbers. Unemployment is at an all-time low below 5%. The non-manufacturing Index is still expanding, so she thinks that the US economy will grow at a modest pace this year.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2016-02-09 COMMENT Alcoa
AA-N
Christine Poole

A pretty solid company. They are splitting their upstream and downstream operations. She is not putting money into the commodity space as she would rather wait for everything to stabilize.


Price: $7.810
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-09 HOLD Apple
AAPL-Q
Christine Poole

At this price, it has probably found a bottom. There is not a lot of visible growth. Trading at a pretty low multiple and have tons of cash. They are buying back stock and paying a dividend, so she thinks you are pretty safe with this.


Price: $94.990
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-09 COMMENT Pure Industrial Real Estatetrust Trust
AAR.UN-T
Andy Nasr

He is a large shareholder. Trading at about 11% discount to NAV. A great name to hold, but his concern is the Western Canadian exposure. It looks like in-place rents are about 5% higher than market rents in Western Canada, and that is getting offset by some strength in Eastern Canada, so he feels that everything on balance is okay. If looking for a name that is a little bit cheaper in the industrial sector, you could look at Dream Industrial (DIR.UN-T), which is trading at about a 25% discount to NAV and also cheaper on other metrics. However, it is externally managed and does have a little more Western Canadian exposure, but that is fully reflected in the share price. He still holds Pure Industrial and thinks it is fine.


Price: $4.320
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
2016-02-09 COMMENT Abbott Labs
ABT-N
Christine Poole

Abbott Labs (ABT-N) or Johnson & Johnson (JNJ-N)? She likes healthcare as an overall investment because of the demographics. They both have FX headwinds because they are both international. Emerging markets is about 40% of this company’s revenues. If you want a diversified health care company that gives you an attractive yield, she would go with J&J.


Price: $37.000
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 COMMENT Arc Resources Ltd
ARX-T
Christine Poole

Hasn’t been adding any energy exposure for the last 1.5 years. This is a very low cost producer, located primarily in Alberta. Has an attractive yield. One of the higher-quality names. Supply growth in energy is still outpacing demand growth.


Price: $16.850
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 BUY Artis Real Estate Investment Trust
AX.UN-T
Andy Nasr

Owns a little and is looking to add to it. This is a Western Canadian exposed REIT, so it has declined a lot. Trading at over a 30% discount to NAV. The nice thing about this is that you are getting about a 10% yield. Payout ratio is around 80%. Only about 25% of its net operating income comes from Western Canada.


Price: $11.110
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
2016-02-09 DON'T BUY Bank of America
BAC-N
Christine Poole

Price to BV is quite low. US banks have come through 2008-2009, but the ROE on these names is quite low compared to Canadian banks that are in the high teens. She owns Wells Fargo (WFC-N) which has an ROE of about 14%-15%. Usually the higher the ROE, the more you are going to pay in terms of valuation. The yield on this is nominal at 1.64%, and every year they have to go to the Fed to apply for any increase.


Price: $12.200
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-09 HOLD Progressive Waste Solutions Inc
BIN-T
Christine Poole

Being acquired. Waste collection is a mature industry, so M&A is always a theme in that sector. If you are a shareholder, you might as well Hold because you are probably going to get some operating levers in terms of cutting costs, giving you a lift over that.


Price: $37.780
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-09 BUY Brookfield Infrastucture Partners
BIP.UN-T
Andy Nasr

Likes the name and you are getting an attractive dividend. Very well diversified. They own everything from toll roads to terminals. Almost exactly the kind of name you want to own in a low interest rate environment, when you are seeing money flow into defensive sectors. Very defensive name. Dividend yield of 4.6%.


Price: $49.120
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
2016-02-09 COMMENT Canadian Apartment Properties
CAR.UN-T
Andy Nasr

He is a big shareholder in this. One of the best performing Canadian REITs year to date, primarily because it is Eastern Canadian focused, and is low income housing. In an environment where there is economic uncertainty, and you are worried about the health of the economy or the consumer in aggregate, there should be more demand for low income Housing. An interesting switch would be to consider going into Boardwalk (BEI.UN-T) instead, because he thinks they will benefit as oil prices recover.


Price: $28.590
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
2016-02-09 TOP PICK Cineplex Inc
CGX-T
Christine Poole

Just reported and they were good numbers. A good slate of movies has helped traffic. Very good operators. They are always able to improve their revenue spend per patron. Have been able to increase their concession spend. They are trying to diversify their revenue base by getting into online gaming. Dividend yield of 3.2%.


Price: $48.750
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 BUY CVS Health Corp
CVS-N
Christine Poole

Reported this morning. Had pretty decent results and were on target. She likes healthcare as a long-term investment play, because of aging demographics. They have the Pharmacy Benefits Management business as well as their retail. Very uniquely positioned. Made an acquisition last year that brings them into the long-term care channel as well as buying the pharmacies from Target. She would start buying this here. It has pulled back.


Price: $90.510
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 WATCH DH Corporation
DH-T
Andy Nasr

Has been a controversial name. A report came out alleging they had overpaid for some acquisitions and were going to lose some customers and face some pricing pressures. Ever since that came out, it has been in the penalty box. Management has reasserted that fundamentally the business is okay, pricing is fine and they are not losing any customers. Before Buying wait until they report on Feb 23rd. Longer-term, this is a stock that could be worth upwards of $40.


Price: $29.120
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
2016-02-09 COMMENT DHX Media
DHX.B-T
Christine Poole

A content provider, and everybody wants content, so at this point it has probably bottomed out. It is difficult to get content in Canada, so if you want exposure this is one that you could look at.


Price: $6.570
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-09 COMMENT Walt Disney
DIS-N
Andy Nasr

Had owned this in the past. Reporting tonight and people will be closely watching to see the earnings. There is a lot of concern around the ESPN numbers. There are a couple of indicators that the US media sector may slow down. A great management team that has allocated capital exceptionally well. Thinks there will be a bit of an uplift from the Star Wars numbers.


Price: $92.320
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: No
2016-02-09 HOLD Walt Disney
DIS-N
Christine Poole

Reported after the close and the numbers were really strong on the back of Star Wars, but the market is kind of fixated on their cable networks and ESPN. The company feels this is quite manageable and are very aware of the transitions they eventually have to make. Studio Entertainment is doing very well and their Star Wars trilogy is just starting. This will spread to their studio parks and consumer products. Also, Shanghai Disney opens up later this year, and she expects really good things from that.


Price: $92.320
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 COMMENT Element Financial
EFN-T
Christine Poole

The stock has pulled back along with a lot of names in the financial sector. This is more of a growth by acquisition story, which is something she typically does not participate in. Have made some big acquisitions, so now it is a matter of integrating them. The pullback is tied in with the general economic slow down. If you want financial service exposure, she would go with one of the banks, or even a lifeco, which have more stable earnings streams, attractive valuation, a proven business model, attractive yields with a potential that those dividends will increase. Dividend yield of 0.8%.


Price: $12.600
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-09 TOP PICK Enbridge
ENB-T
Andy Nasr

You don’t buy this if you worry about oil going to $25, because the stock would get weaker. He always makes sure that he has a long-term time horizon in mind when looking at these companies. Doesn’t think $25 oil is sustainable over a 5-10 year time horizon. They have capital requirements they are going to have to fund at some point. There is speculation they may come to the market with an equity issue. Even if they don’t get the money, given their vast presence in North America and oil distribution, you can rely on the cash flow. Dividend yield of 4.77%.


Price: $44.770
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
2016-02-09 COMMENT Fortis Inc.
FTS-T
Andy Nasr

Making a big US acquisition which is supposed to be 5% accretive, and to be funded with a little bit of cash and shares. Stock has come off 12%, and thinks there is some concern about further divestiture into the US. Stock has had a good run, so you are seeing them give a little bit back. A name he thinks he would be adding to, given the recent pullback. These are the kind of names you want in your portfolio given all the market volatility, because the utility sector in the US and Canada have been some of the best performing sectors year-to-date. Dividend yield of 4.2%.


Price: $37.140
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Unknown
2016-02-09 HOLD Fortis Inc.
FTS-T
Christine Poole

Stock was down about 9%-10% today because they announced an acquisition of ITC, a US electric transmission company. It is fully regulated, so a very stable earnings stream. They are paying cash and stock for this acquisition, so ITC shareholders are going to end up owning over 25% of the company, and Fortis is going to list in New York. The company indicated that dividends were going to grow every year by 6%, and that is still on track.


Price: $37.140
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 TOP PICK Gildan Activewear Inc.
GIL-T
Andy Nasr

This has sold off a lot since the beginning of the year. They report in a couple of weeks and thinks the numbers are going to be a little bit light. You are looking at about $1.70 for next year, however in a few years you could see earnings approach $2.50 US. Substantial earnings growth because they are investing heavily in new capacity. Have dominant market share in the areas they are in, and that should increase, especially as they penetrate the retail market. Can see this growing 15%-20% in the next few years. Dividend yield of 1.11%.


Price: $31.550
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
2016-02-09 TOP PICK Alphabet Inc. (A)
GOOGL-Q
Christine Poole

This had a big pull back to $700. Reported a great quarter last week. This is the biggest online search company, and online advertising is a secular growth industry. Thinks it still only represents about 30% of the overall ad-spend when a company looks at their advertising budget, and it should increase over time. With this company’s dominance in search, they will get a larger share of that advertising budget. Thinks earnings can grow in the 18%-20% range for the next few years. Trading at a 20X multiple, and a 1.5 PEG ratio.


Price: $701.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 HOLD Granite REIT
GRT.UN-T
Andy Nasr

When this IPO’d, it was primarily dependent on Magna (MG-T) accounting for well over 90% of its net operating income. Management’s objective was to reduce Magna’s exposure to less than 50% NOI within 3 years by making additional acquisitions by using their under leveraged balance sheet. Management has not done that in a very aggressive way, so debt to growth BV, it is still very under leveraged, less than 30%. They have a lot of balance sheet capacity to facilitate additional acquisitions. They haven’t done anything, which is unfortunate because in the interim the value of industrial properties has gone up and interest rates have fallen. They missed out, which is why you are seeing the stock languish. They did undertake a strategic review. The CEO left, so there is new management. Feels the dividend is sustainable.


Price: $36.070
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Unknown
2016-02-09 TOP PICK Home Depot
HD-N
Christine Poole

A very good operator and capital allocator. Primarily US at about 90%. The rest is Canada and Mexico. This is a play on the US economy. The consumer is healthy, employment is healthy. When people feel better they spend more on their home. When the job market is robust, they tend to move. Housing starts are still way below normalized levels, and should slowly improve. They always pay out 2% of their earnings in dividends. Dividend yield of 2.07%.


Price: $113.860
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 PAST TOP PICK Harley Davidson
HOG-N
Andy Nasr

(A Top Pick March 19/15. Down 36.3%.) Got out last July. The issue is not their North American business, but the strength of the US$ and their international exposure, which accounts for about 30% of sales.


Price: $38.710
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: No
2016-02-09 COMMENT H&R Real Estate Inv Trust
HR.UN-T
Andy Nasr

A very high quality REIT with a high quality management team. Defensive characteristics in many respects. Surprised to see the stock has sold off so much. Trading at a substantial discount to its replacement value, 25% discount. Has office properties, retail properties and now has some exposure in apartments and offices in the US. Very strong balance sheet and a weighted average lease term and weighted average interest rate approximate of 10 years, so it is very bond-like in nature.


Price: $18.540
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Unknown
2016-02-09 PAST TOP PICK InterRent REIT
IIP.UN-T
Andy Nasr

(A Top Pick March 19/15. Up 8.46%.) Has exposure to Eastern Canada, so low income Housing. No exposure to Western Canada, strong balance sheet and good management has really helped. Dividend yield of 3.5%.


Price: $6.590
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
2016-02-09 COMMENT Inter Pipeline
IPL-T
Christine Poole

Most pipeline stocks have pulled back along with the energy sector. They are more defensive, this one in particular, in the sense that they carry crude through their pipelines under long-term service agreements, so it is less price sensitive. This one has gone through a big CapX expansion program in 2014-2015, so this year that has come down quite a bit. The dividend is safe, but she would expect increases will not be as high as they have in the past. 7.5% dividend yield.


Price: $20.770
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 COMMENT Johnson & Johnson
JNJ-N
Christine Poole

Abbott Labs (ABT-N) or Johnson & Johnson (JNJ-N)? She likes healthcare as an overall investment because of the demographics. They both have FX headwinds because they are both international. If you want a diversified, more defensive health care company that gives you an attractive yield, she would go with this one. Their AAA balance sheet gives you a yield of around 3%.


Price: $101.970
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 PAST TOP PICK Loblaw Companies Ltd
L-T
Christine Poole

(A Top Pick Feb 10/15. Up 3.1%.) Likes the Shoppers acquisition they did a couple of years ago. They have met their synergy targets and their debt reduction targets, so going forward it is going to be a focus on buying back stock. In the grocery and pharma retail they have about a 30% national share, which is pretty attractive.


Price: $63.840
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 HOLD Manulife Financial
MFC-T
Andy Nasr

Whether looking at this, a US insurance company, US bank or Canadian bank, the financial sector has declined almost in lockstep with the decline of US 10 year bonds. That tells you that people are going to these things when they are more optimistic about rising rates. This company funds their liabilities through their assets, and their liabilities tend to go down when rates go up. Have hedged a lot of the interest rate exposure. The other concern is their Asian exposure. He would almost rather own a Canadian bank because their businesses are little more diverse insulating you from just one product line. Dividend yield of 3.9%.


Price: $17.540
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: No
2016-02-09 BUY Magna Int'l. (A)
MG-T
Andy Nasr

Sold his holdings. Was getting a little concerned in the 4th quarter last year that auto sales had peaked and OEMs were going to be snapping back at some of the auto parts manufacturers to try to get some price concessions, and in a rising rate environment it could put a bit of pressure on auto sales. Some of those things have come to fruition, however the precipitous decline in these shares represents a good buying opportunity. He is looking to re-enter the stock. Great balance sheet and a very attractive valuation, trading at about 3.5X EBITDA, which is near the low end of the range.


Price: $43.590
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: No
2016-02-09 COMMENT Northwest Healthcare Property REIT
NWH.UN-T
Andy Nasr

The largest owner of medical office buildings in Canada with some exposure in Brazil, New Zealand and Germany. Because it is so diverse it is tough for investors to get a handle on what is happening in each of those different markets, especially if you consider what is going on in Brazil. He has some underlying concerns about the health in some of those markets. Has a relatively high payout ratio that is going to have to rely on acquisitions to facilitate growth. In this market, where most REITs are trading at a substantial discount to NAV, it is going to be much harder to realize non-organic growth. Prefers others.


Price: $8.570
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: No
2016-02-09 PAST TOP PICK PPG Industries
PPG-N
Christine Poole

(A Top Pick Feb 10/15. Down 19.3%.) A global coatings company and has been under pressure. They are a leader in all their end markets. They also produce architectural paint as well as paint for the auto sector. Good shares in China, Europe as well as the US.


Price: $90.990
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 PAST TOP PICK Ryder System Inc.
R-N
Andy Nasr

(A Top Pick March 19/15. Down 41.86%.) Got out last June when he started to see the earnings erode. The stock is still very cheap and it is a very high quality company. Wouldn’t hesitate to get back into it. Trading at less than 10X earnings.


Price: $55.650
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: No
2016-02-09 PAST TOP PICK Royal Bank
RY-T
Christine Poole

(A Top Pick Feb 10/15. Down 7.73%.) The banking sector has been down on a one-year basis. Thinks this is on concerns that the Canadian economy is going into a recession. The whole banking sector, including this one, is really attractive at this time. Trading at very low valuations. Gives you a yield of about 4.5%.


Price: $67.640
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-09 HOLD Saputo Inc.
SAP-T
Christine Poole

A leading dairy processor and cheese manufacturer. Global in scope, operating internationally as well as in the US. A mature industry, but they are very good acquisitors. Always priced at a premium because of its more stable cash flows and its abilities to acquire. For a good, long term investment, she would stay with this.


Price: $37.720
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-09 COMMENT Starbucks
SBUX-Q
Christine Poole

A great consumer product company. She would look at this in a more volatile market and on a pullback. They have been great at introducing more food into the restaurants. Not as international as some of the other quick serve restaurants, so that is an avenue of growth. Very well-managed, but not a cheap stock.


Price: $54.420
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-09 HOLD Sun Life Financial Inc
SLF-T
Andy Nasr

Feels this has a little bit less risk than Manulife (MFC-T). Both are very good businesses and both have gone down in the same direction. Risks that investors have expressed about both companies and Canadian Banks pertains to not just interest rates but also to the wealth management businesses they have. 


Price: $37.940
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
2016-02-09 COMMENT Verizon Communications
VZ-N
Christine Poole

Telcos as a whole are very defensive. In this kind of volatile environment, they have held in very well. When they reported, their numbers were decent. They give an attractive yield.


Price: $50.150
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-02-09 BUY Walgreen Boots Alliance
WBA-Q
Andy Nasr

Likes the stock at this level. Relative value compared to the S&P 500 usually trades at a premium, and that has since come in quite substantially. This is a great entry point. If you normalize for the synergies that they can get from the Rite Aid acquisition and the Alliance Boots acquisition, you are looking a pro forma earnings upwards of $7 per share they could realize a couple of years out. This is a stock that typically traded in the range of 15-20X earnings, so there is a lot of upside potential. You could buy Rite Aid (RAD-N), which would be a lower risk way to get a little bit of upside into your broader portfolio.


Price: $74.930
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
2016-02-09 COMMENT Westjet Airlines
WJA-T
Andy Nasr

Doesn’t own any airline stocks as it is very cyclical. You couldn’t ask for a better management team or a better quality company, if you’ve got a long-term time horizon. However, there are recession risks in Canada and concerns about capacity and pricing. A lot of those things are being reflected in the valuation. If oil prices go up and economic fundamentals stabilize, there should be some firmness and pricing which should prop up the stock and the valuation. This is a good entry point. Dividend yield of 3.6%.


Price: $15.490
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: No
2016-02-09 COMMENT Wal-Mart Stores Inc.
WMT-N
Christine Poole

Somewhat defensive in that their consumer base tends to be lower income. They made the announcement that they were investing into the future with online initiatives, so with all the bad news out there, this had a bit of a rally. This is a tough space and she is not looking to get into that retail space.


Price: $65.810
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-02-09 TOP PICK George Weston Ltd.
WN-T
Andy Nasr

He is trying to position his portfolio somewhat defensively given the volatility he is seeing in Canada. This has a relatively strong balance sheet with a lot of cash, along with the bakery business where they can potentially unlock some of the value. Dividend yield of 1.66%.


Price: $103.020
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: UNKNOWN
Owned: Yes
Showing 61 to 120 of 148,778 entries
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