stockchase picture

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

Recent Opinions

Print
Date Signal Company Expert Opinion Price
2015-04-23 BUY Manulife Financial
MFC-T
Greg Newman

Sees 16% in earnings growth over the next couple of years, along with 14% dividend growth. They just combined with an Asian bank to get exclusivity on insurance products. Have stumbled over the last couple of years. EPS has been missing on the core earnings, but they are on track for their 2016 plan. When interest rates go higher, this will be a beneficiary.


Price: $22.240
Subject: CANADIAN DIVIDEND
Bias: UNKNOWN
Owned: Unknown
2015-04-23 HOLD Magna Int'l. (A)
MG-T
John Zechner

You have to be a little cautious with the auto sector.  He would continue to own it, but prefers MRE-T. 


Price: $64.510
Subject: NORTH AMERICAN - LARGE
Bias: DEFENSIVE
Owned: Unknown
2015-04-23 PARTIAL BUY Magna Int'l. (A)
MG-T
Greg Newman

Has had a huge run, but there is more to go. Still not expensive. Trading at 5.4 versus its five-year average of about 6. He models 22% free cash flow growth and 40% dividend growth. Europe hasn’t even started to really produce good results for them. You can pick away at these levels.


Price: $64.510
Subject: CANADIAN DIVIDEND
Bias: UNKNOWN
Owned: Unknown
2015-04-23 TOP PICK Martinrea
MRE-T
John Zechner

The litigation is out of the way.  The stock is now cheap.  They are positioned very well.  There is 15% earnings growth.  They have big European sales and there is an increase in the use of aluminum in cars and MRE-T is best positioned for this demand.


Price: $12.430
Subject: NORTH AMERICAN - LARGE
Bias: DEFENSIVE
Owned: Yes
2015-04-23 DON'T BUY Metro Inc (A)
MRU-T
John Zechner

Non-food retailers have done better than food retailers, but he would rather own L-T than MRU-T because it has lagged and the Shopper’s acquisition will prove quite profitable for them.


Price: $35.420
Subject: NORTH AMERICAN - LARGE
Bias: DEFENSIVE
Owned: No
2015-04-23 DON'T BUY Methanex Corp
MX-T
John Zechner

He has trouble with single commodity companies.  There is ample global supply.  There is not much cost cutting for them to do.


Price: $68.170
Subject: NORTH AMERICAN - LARGE
Bias: DEFENSIVE
Owned: No
2015-04-23 TOP PICK Power Financial Corp
PWF-T
Greg Newman

This is a “steady Eddie”, a lower risk name. He sees 8.5X earnings per share growth compounded over the next couple of years. Dividend yield of 3.97% with a 6.2% annual growth. Trading below its five-year average at 11.5 versus 12.5. Very conservative payout ratio.


Price: $37.540
Subject: CANADIAN DIVIDEND
Bias: UNKNOWN
Owned: Yes
2015-04-23 BUY on WEAKNESS RioCan Real Estate Investment
REI.UN-T
Greg Newman

This is a great company. A lot of things have been thrown at it. There was Future Shop, Target, the changing retail landscape. He still models 4.6 AFFO growth over the next couple of years. They are unlocking value by building apartments on their lands and are getting ROE’s on that of about 8%. This stock is not on sale. Currently you are paying around 19X. Payout ratio continues to improve. Almost a 5% dividend. (See Top Picks.)


Price: $29.550
Subject: CANADIAN DIVIDEND
Bias: UNKNOWN
Owned: Unknown
2015-04-23 DON'T BUY Rio Tinto
RIO-N
John Zechner

International mining companies are still in a phase of asset disposition.  It is going to be a while before they get earnings growth.  Prefers Canadian mid-sized companies in copper, but even then only a small position.


Price: $44.870
Subject: NORTH AMERICAN - LARGE
Bias: DEFENSIVE
Owned: No
2015-04-23 BUY Transalta Renewables
RNW-T
Greg Newman

Just had a drop-down of gas fired assets in Australia from their parent. This helps them grow. He models 11% free cash flow growth over the next couple of years. The combination of stable contracts and the recently announced drop-down is positive. 6% dividend and a 60% payout ratio. He thinks they can grow their dividend at about 7% annually. Has a $15 target on this.


Price: $12.700
Subject: CANADIAN DIVIDEND
Bias: UNKNOWN
Owned: Unknown
2015-04-23 DON'T BUY Surge Energy Inc
SGY-T
Greg Newman

Did a Valhalla acquisition which looks pretty accretive. He models a 91% payout ratio for 2015 and 96% for 2016. Your dividend of 6%-7% is safe for at least a couple of years. It is priced cheaper than its peers at around 8.4X 2015. The bad news is that even though its debt is similar to the group, debt to cash flow is still 3.8X, and the cash flow per share still declines about 25% over the next couple of years. Unless you really believe oil prices are going to $75-$80, you don’t want to be chasing this.


Price: $3.670
Subject: CANADIAN DIVIDEND
Bias: UNKNOWN
Owned: Unknown
2015-04-23 HOLD Suncor Energy Inc
SU-T
John Zechner

Energy stocks had a decent move recently.  He likes the assets of this one.  The growth profile is still there.  He is not a real bull on energy stocks.  He would not add to it right now, but it should be a core holding.


Price: $40.090
Subject: NORTH AMERICAN - LARGE
Bias: DEFENSIVE
Owned: Unknown
2015-04-23 BUY on WEAKNESS Toronto Dominion
TD-T
Greg Newman

Has had a big move since the March lows. The game in financials right now is about cost cutting. Government is going to increase taxes on shadow dividends, which is going to knock another 1% off his 2016 estimates on the banking group in general. Banks are a good group. Dividends are high. You are probably going to have a better time to Buy over the next couple of months.


Price: $56.040
Subject: CANADIAN DIVIDEND
Bias: UNKNOWN
Owned: Unknown
2015-04-23 TOP PICK TorstarCorp (B)
TS.B-T
John Zechner

They are sitting on a lot of cash.  Over half of their market capitalization is cash.  7.78% dividend yield.  You get a great yield while you wait.


Price: $6.890
Subject: NORTH AMERICAN - LARGE
Bias: DEFENSIVE
Owned: Yes
2015-04-23 BUY Uranium Participation Corp.
U-T
John Zechner

This is one of the few commodities that he is positive on because of the restriction in supply and all the reactors coming on line over the next couple of years.  He has a decent position.  He has CCO-T also.


Price: $5.590
Subject: NORTH AMERICAN - LARGE
Bias: DEFENSIVE
Owned: Yes
2015-04-23 PAST TOP PICK Vangrd European E.T.F.
VGK-N
Greg Newman

(A Top Pick March 20/14. Up 1.31%.) This was frustrating because he thought Europe was going to go higher. Russia going into the Ukraine created problems for Europe. Still has a small part of this, but switched into the Wisdom Tree International Hedged Equity Fund (HEDJ-N).


Price: $56.500
Subject: CANADIAN DIVIDEND
Bias: UNKNOWN
Owned: Yes
2015-04-23 COMMENT BMO MSCI USA High Quality ETF
ZUQ-T
Greg Newman

He doesn’t know this ETF, but ETF’s can be great. It depends on the size of your portfolio and what you are trying to achieve. Investing in US dividend stocks right now, as a blanket, you are investing in a pretty high market. He would recommend that you be more of a stock picker. If you own this and are prepared to hold for the long-term, you will be fine.


Price: $22.730
Subject: CANADIAN DIVIDEND
Bias: UNKNOWN
Owned: No
2015-04-22 N/A A Comment -- General Comments From an Expert
A Commentary
Derek Warren

REITs. REITs have had a pretty good 2015. Part of that comes from the base at which they were. They started the year looking very cheap, so a lot of money started to flow back in. The collapse of oil stocks also helped. Also, interest rates have not been going up, despite what everyone thought was sure to happen. Canadian REITs are more attractively valued compared to US REITs. They have always traded at a discount, which makes sense. However, they are at historical wide spreads now, indicating there is still value in Canadian REITs.


Price: $0.020
Subject: REIT's
Bias: BULLISH on REITs
Owned: _N/A
2015-04-22 N/A A Comment -- General Comments From an Expert
A Commentary
Jerome Hass

Markets. Because he is focused on mid-caps, there are only about 450 names that are listed in Canada. This gives a relatively narrow pool. This is narrowed down more because he doesn’t invest directly in resources. When you take away the non-resources and focus on mid-caps, there is a fairly decent pool of about 200 names that he is interested in. Currently, he is about 90% Long and about 50% Short, so his net exposure to the market is about 40%. If you have a 40% net position, you have about 60% cash, so if he sees something he likes, there is no need to sell something to get it. Constantly looks at the liquidity of his portfolio to make sure that he is able to get out. As a general rule, he wants to be able to liquidate 85% of his portfolio within 5 trading days.


Price: $0.020
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: _N/A
2015-04-22 HOLD Pure Industrial Real Estatetrust Trust
AAR.UN-T
Derek Warren

The industrial market is doing very well. We are seeing rent growth in the GTA, its core markets. He continues to like the name. Not cheap anymore, but he continues to like it as a Hold.


Price: $5.030
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 DON'T BUY AutoCanada Inc.
ACQ-T
Jerome Hass

Has never seen the allure of auto dealerships as an asset class, so he has been leery of the stock. It had a great run up until July of last year. From his viewpoint, it has too much exposure to Alberta and Western Canada. Alberta is by far the best auto market in Canada generally. With the circumstances that are happening in the Alberta economy, that is falling off considerably.


Price: $39.240
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: No
2015-04-22 COMMENT Agellan Commercial REIT
ACR.UN-T
Derek Warren

Acquired most of their US portfolio while the Cdn$ was still at a high level. The depreciation of the dollar has been very beneficial for them, which hasn’t quite shown up in the price yet. The real trigger for this is if they can start to sell down some of their Canadian assets and focus more exclusively on the US.


Price: $9.420
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 TOP PICK Allegiant Travel Comany
ALGT-Q
Jerome Hass

Long (and Short Westjet.) This company has a terrible fleet. In comparison Westjet has a better product, is a better company and has a better fleet. However, when jet fuel prices go down, you want the least efficient fleet possible. The bulk of their fleet is McDonnell Douglas 80s, which eat up a lot of fuel. When fuel prices go down, they are a huge beneficiary. Just reported a 100% increase in their EPS.


Price: $167.850
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Yes
2015-04-22 COMMENT Artis Real Estate Investment Trust
AX.UN-T
Derek Warren

He is underweight the stock, but does like the valuation. This is not hinging on the oil prices, so the question is, at what point does the market get over this.


Price: $15.000
Subject: REIT's
Bias: BULLISH on REITs
Owned: Yes
2015-04-22 COMMENT Amaya Gaming Group Inc.
AYA-T
Jerome Hass

Had a great run. The one concern that he had was that a number of years ago, the US Department of Justice came down hard on a number of Canadian players. This company made the big acquisition of Poker Stars and are trying to get back into the US market, but the previous owners of Poker Stars had some issues with the US Department of Justice. He would be cautious on this.


Price: $27.380
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: No
2015-04-22 COMMENT Badger Daylighting
BAD-T
Jerome Hass

Has been cautious on this name. Had thought their Q4 numbers would be a little bit disappointing, but the market reacted very positively. Management continues to give positive guidance for the year, which he felt surprised a lot of people. They have direct exposure to oil and gas, which is part of the reason it sold off. What they are trying to do during the lull in oil and gas, is to try to grow their US business. If they can grow the US business faster than they see declines in Canada, they could still get that growth.


Price: $27.720
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2015-04-22 COMMENT BlackBerry
BB-T
Jerome Hass

In the past, he has Shorted this, but more as a temporary Short. When he looks at a name like this, he is happy to be on the sidelines. The industry is changing so fast.


Price: $12.130
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: No
2015-04-22 COMMENT Bombardier Inc (B)
BBD.B-T
Jerome Hass

Has never been a big fan of this company. The issue has largely been with their accounting, which he doesn’t think is the most robust. Also, the transport division for him, for the last 15 years, has been run for cash flow as opposed to profitability. Not a fan.


Price: $2.540
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: No
2015-04-22 BUY Boardwalk REIT
BEI.UN-T
Derek Warren

Very good management, very good balance sheet and has the ability to weather through different oil cycles, which they have done through their existence. There will be slower growth in rents in Alberta. He feels that if there is job pressure, wage pressure, etc. that will affect more of the housing market than the apartment market. This is a good Buy at these levels.


Price: $61.360
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 PAST TOP PICK Bank of Montreal
BMO-T
Jerome Hass

(A Top Pick April 16/14. Down 8.94%.) Short and Long Guardian Capital Group (GCG.A-T).


Price: $79.670
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Yes
2015-04-22 PAST TOP PICK Brookfield Property Partners
BPY.UN-T
Derek Warren

(A Top Pick April 29/14. Up 47%.) This had been undervalued. There was a lack of appreciation of the quality of the real estate they had and the potential that was there for growth. There continues to be movement in the stock. It had been a stock that no analyst covered.


Price: $29.620
Subject: REIT's
Bias: BULLISH on REITs
Owned: Yes
2015-04-22 BUY on WEAKNESS Canadian Apartment Properties
CAR.UN-T
Derek Warren

Great company. Has been on quite a run, so it is a little rich. Perhaps over the summer there will be a bit of a break, which will give you a better entry point. What he likes is that you are buying the GTA area of Toronto. High growth area with a lot of immigrant population and a lot of people needing apartments.


Price: $29.390
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 COMMENT Clearwater Seafoods Inc.
CLR-T
Jerome Hass

A great investment. There is a scarcity in Canada of consumer names that are available to investors. Has had a nice run, but he sees further upside, largely because of the supply/demand fundamentals. There is a decreasing amount of shellfish, and they have a virtual monopoly on some of the species of shellfish. At the same time, on the demand side, you see people more conscious of the fish proteins and the need for them. Great long-term fundamental story. Has also benefited from the rising US$.


Price: $13.810
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Yes
2015-04-22 COMMENT Cipher Pharmeuticals
CPH-T
Jerome Hass

Has avoided smaller pharmaceutical companies because he wears a hat as a generalist and couldn’t see the advantage he had of looking at a pharmaceutical name. Until a company gets to a specific scale where it is not taking as much drug specific risk, he would be very cautious about these names.


Price: $13.670
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: No
2015-04-22 BUY Crombie Real Estate Investment Trust
CRR.UN-T
Derek Warren

Looking very inexpensive. Hasn’t really seen the growth potential coming out. At this price and with this yield, this is a great long-term Hold.


Price: $13.360
Subject: REIT's
Bias: BULLISH on REITs
Owned: No
2015-04-22 PAST TOP PICK Chartwell Seniors Housing
CSH.UN-T
Derek Warren

(A Top Pick April 29/14. Up 22.96%.) This is supported by both the demographics and the business. We have an aging population that needs more care.


Price: $12.270
Subject: REIT's
Bias: BULLISH on REITs
Owned: Yes
2015-04-22 COMMENT Cominar Real Estate Inv Tr
CUF.UN-T
Derek Warren

With this, you are making a bet on the Québec economy. Very nice yield of over 7%. Don’t expect the price to go up too much, because the Québec economy is not growing at a great rate. Have a little bit too much debt, and they have been bringing that down.


Price: $19.460
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 TOP PICK Calloway REIT
CWT.UN-T
Derek Warren

Just struck a big deal with Smart Centres, which will be renamed as Smart REITs. Wal-Mart (WMT-N) is a core tenant which provides stability. He likes the opportunity that this company now has to continue to develop on their properties. Dividend yield of 5.38%.


Price: $29.910
Subject: REIT's
Bias: BULLISH on REITs
Owned: Yes
2015-04-22 PAST TOP PICK Currency Exchange Intl.
CXI-T
Jerome Hass

(A Top Pick April 16/14. Up 136.93%.) Still an uncrowded trade. Great story. Grew revenues and earnings by 40% last year. Management has been very conservative in saying they think they’ll be able to grow 30% in the next couple of years. He thinks they will do a lot better than that. At some point they are going to get their bank license, and when they do, it brings in all the Canadian banks essentially as customers. He thinks this will be a $50 stock within a year.


Price: $29.720
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Yes
2015-04-22 COMMENT Dream Office REIT
D.UN-T
Derek Warren

He still doesn’t see sunshine through the clouds when it comes to the Calgary and Toronto office markets. There is still a lot of supply coming on. This company will continue to face those headwinds for some time.


Price: $28.130
Subject: REIT's
Bias: BULLISH on REITs
Owned: No
2015-04-22 TOP PICK DirectCash Payments Inc
DCI-T
Jerome Hass

Largest ATM provider in Canada, Australia and number 3 in the UK. He likes the 8.5% yield. Pretty cheap at 7X EBITDA. Very predictable cash flows. Not very well covered in the industry.


Price: $16.950
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Yes
2015-04-22 COMMENT Diversified Royalty Corp.
DIV-T
Jerome Hass

He looked at this as a possible Short idea. One thing that struck him is that it isn’t actually diversified in spite of its name, it only has one investment, casual dining in Western Canada. So for him, the risk profile is not something he feels very comfortable with, particularly with what is happening in Western Canada. Until it actually becomes diversified, he doesn’t think he wants to hold it. He would prefer Grenville Strategic Royalty (GRC-X), which has about 24 names.


Price: $2.850
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: No
2015-04-22 COMMENT Dream Global REIT
DRG.UN-T
Derek Warren

This is a call on Germany. It is more of an economic call. Dream Global went heavy into the German market. At the time, some of the transactions were wont to criticize. They now hold quite a good portfolio of assets. Most of the reports on this are very positive. He thinks it can continue to do well, as basically you are seeing German properties trade at more expensive values.


Price: $10.290
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 COMMENT EnerCare Inc
ECI-T
Jerome Hass

Still loves the name. 5% yield. Very cheap relative to the sector. The street is not giving them any credit for their sub-metering business, which is going to supply the growth in the long term. Have a number of initiatives going on in their core business that can get reasonable organic growth. They have the ability to pass price increases on. Also, doing more business in the air-conditioning and heating business, which tends to have bigger tickets in the types of equipment they are using.


Price: $15.170
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Yes
2015-04-22 COMMENT First Capital Realty
FCR-T
Derek Warren

A fantastic company. Very high quality management team. Great assets. What he likes is that they pay detailed attention to leasing.


Price: $20.110
Subject: REIT's
Bias: BULLISH on REITs
Owned: Yes
2015-04-22 PAST TOP PICK Guardian Capital Group
GCG.A-T
Jerome Hass

(A Top Pick April 16/14. Up 9.64%.) Long and Short Bank of Montréal (BMO-T). In 2001, they sold their mutual fund business to Bank of Montréal in exchange for 5 million shares. Have been sitting on these shares since 2001. He looks at the value of those plus some of their other listed investments, and in the last quarter it comes to about 89% of Guardian’s value. For the stub that is left, you are paying next to nothing for it. Thinks this is worth a lot more.


Price: $18.570
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Yes
2015-04-22 COMMENT Grenville Strategic Royalty
GRC-X
Jerome Hass

They take about a 2.5% royalty on average, from smaller companies. Instead of paying to be invested in a venture capital fund, you are being paid the dividend from this. This gives you exposure to 20 names at a time, but not paying the fees of a venture capital fund. A fairly lucrative business. Dividend yield of about 6%.


Price: $0.830
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2015-04-22 COMMENT Granite REIT
GRT.UN-T
Derek Warren

Likes this. An international REIT, as you are buying industrial real estate across the world. A lot of that is linked to the Magna (MG-T) empire. That can cause certain bits of disruption and a certain amount of volatility. The balance sheet is so good that they have the ability to continue to acquire high quality industrial real estate globally. Good source of income and growth over the next 3 years.


Price: $42.800
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 COMMENT Home Capital Group
HCG-T
Jerome Hass

This is a prime target that US hedge funds use if they want to Short the Canadian housing market. The reason is that banks are not as focused on the housing market.  A great company and very well-managed. They had 2 quarters where there were misses, and the share price reacted quite negatively. Good company, but just expensive at times.


Price: $45.130
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2015-04-22 TOP PICK American Hotel Income Properties
HOT.UN-T
Derek Warren

US limited service hotels. This is his income selection. He currently holds a half position and waiting for a few more quarters to get full confidence, but it is so attractive from a valuation standpoint. There is such a boom in US hotels and this one hasn’t received that benefit. Dividend yield of 8.43%.


Price: $19.070
Subject: REIT's
Bias: BULLISH on REITs
Owned: Yes
2015-04-22 COMMENT H&R Real Estate Inv Trust
HR.UN-T
Derek Warren

From a long-term income basis, he is very supportive of this REIT. A great diversified strategy that is going to be very stable for a long time. In the short term, they have been doing some transactions that have made him scratch his head a little. In the short term, it could continue to underperform slightly. However, it is a very large company and attracts a lot of capital. He is underweight this.


Price: $23.440
Subject: REIT's
Bias: BULLISH on REITs
Owned: Yes
2015-04-22 COMMENT InterRent REIT
IIP.UN-T
Derek Warren

You’re not getting the yield on this that you would normally get, but in this case he thinks that is a good thing. The company is retaining more of the cash and redeploying it into the markets that they know so well. Focused in the Ottawa area. They are real creators of value, so he thinks it is a great long-term hold.


Price: $6.580
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 COMMENT Intertain Group
IT-T
Jerome Hass

This and a couple of other gaming stocks did very well last year. Part of the reason was that people were looking for anything that was non-resource for a large cap investment. This had a nice growth profile in terms of its acquisitions. At this price, there are worse places you could put your money.


Price: $15.030
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: No
2015-04-22 HOLD Killam Properties Inc
KMP-T
Derek Warren

For a long term hold, this is a great name. It has been frustrating in the short term and has been quite stagnant for some time. He feels that some of this is in regards to the Maritimes itself. They are continuing to expand in the Maritimes but have done a little bit of work outside.


Price: $10.960
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 COMMENT Labrador Iron Ore Royalty
LIF-T
Jerome Hass

Because he is not a direct investor in resources, he asks that you take his comments with a grain of salt. Rio Tinto (RIO-N) is thinking about putting Labrador Iron Ore up for sale, as a consequence you might actually get a better lift on this royalty. He would be a little bit nervous about the dividends because the steel industry and steel suppliers are having a pretty rough time.


Price: $13.080
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: No
2015-04-22 DON'T BUY Leisureworld Senior Care Corp
LW-T
Derek Warren

Seniors housing, but more of acute care. It is government pay and there is a very long waiting list of people who need the services. His concern is that this has had a very good run and they have been slowing down some of their growth tempering expectations, and the stock has continued to rise. Kind of into nosebleed territory.


Price: $15.820
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 COMMENT Milestone Apartment REIT
MST.UN-T
Derek Warren

Very impressed with what this has done. One of the true success stories in the last year. This shows the success of the US apartment market and how this is an opportunity for Canadian investors. Very good managers. Prefers other similar companies.


Price: $14.520
Subject: REIT's
Bias: BULLISH on REITs
Owned: No
2015-04-22 DON'T BUY Northwest Healthcare Property REIT
NWH.UN-T
Derek Warren

They had sponsored an international vehicle with hospitals in Brazil, New Zealand and Germany. This is being blended into the Canadian vehicle, which owns medical office buildings in Canada. There is a bit of a concern on the merger because it is now a strange vehicle with assets spread all around the world. Operationally this is a challenging space. Not an area that he likes at all, and until they sort out the merger and their operations, there are other office type vehicles which would be a safer investment.


Price: $9.220
Subject: REIT's
Bias: BULLISH on REITs
Owned: Unknown
2015-04-22 COMMENT NYX Gaming Group Ltd
NYX-X
Jerome Hass

This had a right of 1st offer on assets that were coming out of Amaya (AYA-T). Thinks the $150 million acquisition was announced just recently. Ironically the share price traded off because investors are conscious of the fact that they have to finance this in some way. The street is probably thinking it will be 50% equity and 50% debt, which probably means an equity raise coming. Really likes this name on a fundamental basis. They have a broad spectrum of games and a broad spectrum of customers, and are not involved in the marketing per se, but in the technology. He likes this lower risk approach to the gaming sector.


Price: $4.250
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: Yes
2015-04-22 COMMENT Prometic Life Sciences Inc.
PLI-T
Jerome Hass

Has very little insights as to what their business does. Because of this, he is very happy to stay on the sidelines. He doesn’t see what real insights we can have.


Price: $2.560
Subject: CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias: UNKNOWN
Owned: No
Showing 61 to 120 of 139,322 entries