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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
2015-05-20 COMMENT Cominar Real Estate Inv Tr
CUF.UN-T
Paul Gardner, CFA

Focused in Québec. Quite reasonable trading at about 7X AFFO. Thinks the Québec market is outperforming. Have done a good job of executing. The biggest issue is that they have to keep trying to grow, because the last couple of quarters has had a slowdown in the growth profile.


Price: $18.470
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: Yes
2015-05-20 COMMENT Concordia Healthcare
CXR-T
Bruce Campbell (2)

Looks very strong. Just completed the acquisition of Covis, which was completed earlier than scheduled, meaning that all of their numbers are bumped up. Also, talking about doing another deal that could be done as early as the 2nd half, which is only a couple of months away. It would be at least the size of Covis, if not bigger. This really opens up opportunities and expands the company. Thinks there is lots of potential.


Price: $85.000
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Yes
2015-05-20 TOP PICK Convalo Health International Corp
CXV-X
Bruce Campbell (2)

Basically in the acquisition of addiction rehabilitation centres in the US. Just signed a couple of deals today. Growing by acquisition as well as organically. It’s the same group that brought in Patient Home Monitoring (PHM-X). Michael Dalsin (Chairman) has said that the organic growth of this one will make the organic growth at Patient Home Monitoring looks like it is really nothing at all. Have a fair bit of cash on the balance sheet. Has a pipeline of 10 companies in advanced discussions for acquisition.


Price: $0.630
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Yes
2015-05-20 COMMENT DirectCash Payments Inc
DCI-T
Bruce Campbell (2)

Was disappointed with the recent results. The stock has gone down a fair bit. Feels strongly that management is doing a good job. Have had a difficult environment. Had to manage a number of different hurdles in the past and have always successfully done it. Probably looking to add at some point in time. Feels the dividend is fairly secure at this level. He would like them to stabilize their business and continue to grow. Seems like a lot of the disappointing results were around the Australian operations.


Price: $15.570
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Yes
2015-05-20 COMMENT DHX Media
DHX.B-T
Bruce Campbell (2)

This has recently come up in his rankings with the earnings numbers they just came out with. Very solid numbers. As this video on demand and streaming services propagate their way around the globe, this company is receiving more revenue. Had a few disappointments with a TV division, but they continue to build up their content and their cash flow numbers continue to ramp up. At some point in time, this company is going to be sold. He has his eye on this for his Growth fund.


Price: $9.620
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: No
2015-05-20 COMMENT Dream Industrial REIT
DIR.UN-T
Paul Gardner, CFA

A little better positioned than Pure Industrial REIT (AAR.UN-T), and the valuation is slightly cheaper. Even though they got bumps in their overall rents, it is still a very, very tough business. You would want to own this at the beginning of a cycle because you have a lot of alpha. With a recovery of a real estate market this would do quite well. This is a sector that he would not be in now.


Price: $8.640
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: No
2015-05-20 PAST TOP PICK easyhome
EH-T
Bruce Campbell (2)

(A Top Pick May 28/14. Up 3.55%.) Scratches his head a little bit with why this hasn’t gotten a little more respect from the market. They’ve generated some nice numbers. Have been working on trying to high grade their customers. Going back in history, they have had some huge loan loss provisions as part of their numbers, which has always made the street rather nervous. Thinks the numbers go higher over the next few years. The leasing side is not growing much; it is really the Easy Financing that is driving all the earnings growth.


Price: $20.300
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Yes
2015-05-20 COMMENT CGI Group (A)
GIB.A-T
Bruce Campbell (2)

Was down today because of rumours circulating that the company would be interested in Computer Sciences  (CSC-N). He understands that management had never been interested in those assets, so this is probably an opportunity. He is watching this closely and may get into this again.


Price: $52.950
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: No
2015-05-20 BUY on WEAKNESS Knight Therapeutics
GUD-T
Bruce Campbell (2)

Had owned this in the past. If you believe in Jonathan Goodman, he has a phenomenal track record at Paladin. He is going to build a lot of value and is a large shareholder himself. In the short term he has a lot of cash, and people get nervous about what he is going to do with it. A bit of a black box at this time. However, some of the deals he has made so far have been phenomenally successful. Thinks the stock will go higher over time. His preference would be Concordia (CXR-T) or Merus (MSL-T), which have better opportunities. This is one he watches and would trade around. If he got a little bit cheaper he would probably buy it.


Price: $6.990
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: No
2015-05-20 COMMENT American Hotel Income Properties
HOT.UN-T
Paul Gardner, CFA

Has US exposure and foreign exchange is helping. The hotel industry has outperformed over the last three quarters, which is not only coming from economic growth in Canada and the US, but also from foreign exchange exposure. There is some pricing power we are seeing in the hotel sector. Probably not a bad investment at this point.


Price: $10.740
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: No
2015-05-20 COMMENT H&R Real Estate Inv Trust
HR.UN-T
Paul Gardner, CFA

Getting too diverse for his liking. Good managers and they own a ton of assets. However, they own the US, they own residential, they own office and they own industrial. You have to deal with currency issues. He wants a pure play.


Price: $22.670
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: No
2015-05-20 BUY Inter Pipeline
IPL-T
Paul Gardner, CFA

Got hit a bit because of the drop in oil prices. It beat its numbers last quarter and is in the right growth profile. One of those great managed companies that not only manages its assets well, but is a pipeline that is not being interfered with. On a valuation basis, it is cheaper than it was 6 months ago but you still have the growth profile.


Price: $31.070
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: Yes
2015-05-20 COMMENT Keyera Corp
KEY-T
Bruce Campbell (2)

On his radar screen for his income fund. If prepared to own it for a few years, then this is probably a great entry point. They collect and look after midstream assets. As long as you believe they are going to continue to pump energy out of the west and it increases at some point, then the company’s assets are just going to continue to improve. Great cash flow and a nice yield.


Price: $41.850
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: No
2015-05-20 COMMENT Loyalist Group Limited
LOY-X
Bruce Campbell (2)

(Market Call Minute.) Would be a little bit nervous on this right now. Have had some issues getting their audited financial statements done. The reason they gave is that their CFO was sick, but that always puts out a little bit of a red flag for him.


Price: $0.385
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: No
2015-05-20 TOP PICK Mainstreet Equity Corp
MEQ-T
Paul Gardner, CFA

One of the cheaper stocks in the TSX. Trading at about a 20%-25% discount to its NAV. They own the mid-tier apartments (2 or 3 stories) in Edmonton, Calgary and Surrey. They have NOI (net operating income) growth of around 15%. They are refinancing and saving millions of dollars on financing costs. It is too cheap. It should be worth $45-$50. They are doing incredibly well in their numbers last quarter.


Price: $37.980
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: Yes
2015-05-20 COMMENT Martinrea
MRE-T
Bruce Campbell (2)

(Market Call Minute.) This has come up the ranks in his process. He has his eye on it. It might break out to higher highs.


Price: $13.600
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: No
2015-05-20 TOP PICK NYX Gaming Group Ltd
NYX-X
Bruce Campbell (2)

The little cousin to Amaya (AYA-T) and Intertain (IT-T). They develop the actual games that Amaya and Intertain would use on their websites and mobile apps. Has been growing by acquisition, and just made another small one today. Also, had the acquisition from Amaya’s Cryptologic assets. When that was announced, the stock sold off by about 15%, because the market was concerned about an equity issue. They are certainly going to have to raise some money from an equity standpoint as well as from a debt standpoint. He doesn’t know how that equity looks right now, but chances are that when it does get announced it could either be a private placement or a bought deal, and chances are it’s going to fly off the shelf. If you want to position yourself ahead of that, he thinks it is a pretty attractive valuation. Trades at great free cash flow yields and management owns about 40% of the stock.


Price: $4.460
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Yes
2015-05-20 COMMENT Prometic Life Sciences Inc.
PLI-T
Bruce Campbell (2)

This has 2 different businesses. 1.) Manufacturing, their plasma base. 2.) Orphan drugs. Sees both sides of the business growing. Looks at the manufacturing as a “steady Eddie”, and it is really going to grow over the next few years. Have a number of companies they are currently selling plasma to, who are in different levels of clinical trials with the FDA. If some of these got approved, the amount of plasma needed will really ramp up. Also, 2 or 3 of their drugs could be fairly significant blockbusters that they may hold for cash flow or selloff. Has his eye on this.


Price: $2.500
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: No
2015-05-20 COMMENT Pine Cliff Energy
PNE-X
Bruce Campbell (2)

At some point in time it might become a take over candidate. Very well-run. Thinks they will continue to do what they did with Bonterra (BNE-T) in oil, building and buying production in natural gas when it was out of favour. If you are a long-term player, you want the natural gas price to stay low, allowing them to make all kinds of acquisitions. When the natural gas price goes up, that may be when we get a couple of LNG projects or a pipeline, and at that point in time you will really start to see the value in the company. In the meantime they have a low decline rate and are generating a nice cash flow.


Price: $1.540
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Unknown
2015-05-20 COMMENT Petrowest Corp
PRW-T
Bruce Campbell (2)

Just had some news in the last few days of the breaching of some debt covenants, where the bank has given them some relief. This kind of indicates how bad the slowdown is, considering their work is not directly involved in oil/gas. Didn’t get awarded the initial earthmoving contract for the Site C project, but are in a consortium that is bidding in another part of the project. There is a good chance they are going to get some work there. Also, anything that happens with LNG will obviously be popular and help them as well.


Price: $0.340
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Unknown
2015-05-20 COMMENT Quantum International Income Corp
QIC-X
Bruce Campbell (2)

A really interesting little company. Pretty small, but reminds him a lot of Nobilis Health (NHC-T), which was a Top Pick in the past. Have bought some ambulatory surgical centres in the New York State area, and they are going to continue to roll those up. These are typically started by doctor’s groups and are not very profitable. This company buys these and turns them around making them profitable. Still very much in its infancy and thinks there are probably still a few acquisitions for them to go. Expects there will be a fair amount of news flow coming out over the next several months.


Price: $0.390
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: No
2015-05-20 DON'T BUY Pure Multi-Family REIT LP
RUF.U-X
Paul Gardner, CFA

This buys apartments and residential homes in the US. He loved that space up until a couple of months ago because of the recovery in the US housing market. There is some association with Pure Industrial REIT (AAR.UN-T), and he wants them to do one thing and one thing only. He would avoid this.


Price: $5.240
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: No
2015-05-20 DON'T BUY Sherritt International Corp.
S-T
Paul Gardner, CFA

Would you buy their 8% - 2017 bond? He likes the bond side, simply because when they owned the Saskatchewan metallurgical coal deposits, if Cuba and Madagascar failed, he would at least have an asset that he could grab and would make him whole. They have since sold the Saskatchewan holdings and are now left with Madagascar and Cuba, so you are now dealing with the underlying commodity price that keeps rolling off. The bond is being offered out at around 9% in today’s market, which tells you it is distressed. High-yield bonds should be trading at around 7%. Secondly you are going to have to deal with Madagascar, where the operations seem to be coming on, but there was a big delay.


Price: $2.540
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: No
2015-05-20 COMMENT TheScore Inc.
SCR-X
Bruce Campbell (2)

If you are prepared to tuck it away over the next year or 2, he thinks it is going to continue higher. Have obviously done a great job in sports apps, but now are getting into the high video gaming business, which is a huge market. Also, the fantasy sports market is really taking off in the US and globally. This always seems to trade with fairly significant valuations, but management has always executed very well. Management has recently been buying stock.


Price: $0.680
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Yes
2015-05-20 COMMENT Sensio Technologies Inc.
SIO-X
Bruce Campbell (2)

Was a Top Pick April 23/14, and he is probably more excited now than he was then. Since then, they have signed deals with LG and Samsung. By the end of this year they are going to have about 80% of the addressable 3-D market that can access their app and rent movies from their 3-DGo service. The number of registered users continues to ramp up. Management has been very strong at cutting back their costs and still growing their business. 2 of their focuses right now are 1) building out their libraries, where they sign more deals with the studios, and 2) seeing the integration of Samsung. Expects that a year from now there will be some fantastic numbers. At some point he expects they will be acquired because it is basically going to be the 3-D version of Netflix.


Price: $0.230
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Yes
2015-05-20 STRONG BUY SLYCE Inc.
SLC-X
Bruce Campbell (2)

He was involved in their recent financing. Just signed another deal and continues to roll out this mass of different retailers that are using their app. As they roll out more and more retailers, it means they are going to receive a lot of income. They receive income in a number of different ways, via service agreements, on a “per picture” basis and a fraction of the purchase price. Have been very successful with some of their initial launches. This is a steal at this price.


Price: $0.530
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Yes
2015-05-20 PAST TOP PICK Sprylogics International
SPY-X
Bruce Campbell (2)

(A Top Pick May 28/14. Up 54.76%.) Has a breaking sports app which is pretty unique. It was rolled out in March and there were huge numbers of downloads through March and April. They could probably be through the $500,000 mark by the 2nd quarter. Going into the 3rd quarter, it might even touch $1 million. A similar model to TheScore (SCR-X) except for the valuations, which is significantly cheaper.


Price: $0.640
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Yes
2015-05-20 HOLD Student Transport of America Ltd.
STB-T
Paul Gardner, CFA

3rd largest provider of student bus services in the US. They are about to pay most of their dividends in US$’s. Even though they met estimates on EBITDA, their margins were impacted which is why it got hit. A good free cash flow business with a good yield of about 7%. They benefited from low fuel costs, and there is a feeling they are going to get some contract wins coming up in the next couple of quarters. He would want to see their EBITDA and margins stabilize before he would get excited about it.


Price: $6.180
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: No
2015-05-20 PAST TOP PICK Timbercreek Mortgage Investment
TMC-T
Paul Gardner, CFA

(A Top Pick May 5/14. Down 3.53%.) The trouble was repayment issues last year. They lend short-term to developers. They are underinvested, which hurts their bottom line. They have kind of solved that problem and it is cheap, trading at a 10% discount to its NAV. The mortgage market is still earning a very good rate of return on a risk adjusted basis. He thinks this does recover and does well over the next year.


Price: $8.180
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: Yes
2015-05-20 TOP PICK Vogogo Inc.
VGO-X
Bruce Campbell (2)

In the payment processing for crypto currencies. One of those things that is extremely hard to understand. The management team actually did all the payment processing in the gaming business before, and so they have been through all this with online poker and have built a great track record. Just at the point now where they are rolling out some of the merchants. Management feels they could be processing $5 million per day by the end of this year, and a year from now processing $10 million per day. They get a 1% fee for generating that, and about 60%-70% flows to the bottom line. Only 40 million shares are outstanding and this could be extremely profitable by the end of this year.


Price: $2.800
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: Yes
2015-05-20 COMMENT Wi-Lan Inc.
WIN-T
Bruce Campbell (2)

One of the biggest reasons he has had a tough time with this is that their numbers tend to be fairly lumpy. As they get these patent awards, the numbers really come through. And then there will be long periods where nothing happens. Underlying cash flow seems to be pretty secure. This is a stock that you really want to trade around. When it gets sold off by the market, that is the time to buy, and then when it gets bid up after they signed a couple of deals, it is probably the time to sell.


Price: $2.490
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: No
2015-05-20 COMMENT BitGold Inc
XAU-X
Bruce Campbell (2)

(Market Call Minute.) He would be careful of this one at this time.


Price: $6.140
Subject: CANADIAN
Bias: OPTIMISTIC
Owned: No
2015-05-20 TOP PICK Canadian Satellite Radio
XSR-T
Paul Gardner, CFA

(A Top Pick May 5/14. Down 19.03%.) Incredibly cheap relative to its US parent which is trading at 16X EV to EBITDA. Trades at 11 times. Beat their numbers last quarter. Making really good headway in the used car market. A free cash flow entity that keeps churning out a lot of money. Earnings are all right but the biggest challenge is the royalty fee they have to pay to the music industry, which causes a heightened level of churn. They seem to have a handle on that. Poised to go back to the $6-$7 range.


Price: $5.490
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: Yes
2015-05-20 TOP PICK Yellow Media Inc
Y-T
Paul Gardner, CFA

8% convertible debenture maturing in 2022. Digital is now 55% of this company’s revenue. This is a bond that you can get a 6% rate of return, but you get some upside from the stock which is trading at about 3X EV to EBITDA, and should be trading at 4 or 5 times. The key is paying down their senior debentures which is ahead of convertible debentures, but it is going to get to a point where there are no senior debentures left, with the only debt outstanding being the convertibles. With that you are not only going to get this secure yield of a business that is doing all right, but maybe some upside. You don’t want to pay more than $115 for the bond, because the bid/offer spread is quite large.


Price: $19.470
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: Yes
2015-05-19 N/A A Comment -- General Comments From an Expert
A Commentary
Brian Acker, CA

Markets. The US$ is in a secular bull market, but all US assets will go up as well over time. The Dow and the S&P 500 hit new highs yesterday. 2015 is going to be the year of the macro, and not the year of the stock. He wouldn’t be a stock picker too much this year. This is going to be the year of central bank actions including China. The only proviso he would give is that if a company disappoints the market, either through sales or earnings, the market really takes them to the woodshed and you could be down 10%-15% in a day. This is a correction in a bull market until the 10 year bond breaks 2.712%, at which time all bets are off. He is looking for 1 or 2 interest rate hikes from the Fed in 2015.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: _N/A
2015-05-19 N/A A Comment -- General Comments From an Expert
A Commentary
Zachary Curry

Economy. The recent US housing numbers were great. Very similar to what happened last year, specifically on the weather, but with GDP growth formulas basically biased on the back half of the year. It started out slow and moving better off into the tail end. Whether or not we see that continuing is everyone’s question. Perhaps some of the low oil price money, that everyone thought was being saved, is moving into bigger purchase items such as housing, which would help fuel housing starts and building permits. This is consistent with his view in that the 1st quarter will follow through into the latter half of the year in Canada and the US as well as emerging markets, starting off slow and continuing along.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: _N/A
2015-05-19 BUY on WEAKNESS Apple
AAPL-Q
Brian Acker, CA

Has a model price of $162.95, a 25% upside. A year from now, he has a model price calculation at $175. He likes this company and would try to get it on a pullback.


Price: $130.070
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2015-05-19 PAST TOP PICK Apple
AAPL-Q
Zachary Curry

(A Top Pick July 10/14. Up 37.1%.) This choice came down to the whole company and their suite of product offerings. He has taken some money off the table. This will continue to grow. Thinks it would be very hard to pull people away from their Apple products.


Price: $130.070
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-05-19 COMMENT AutoCanada Inc.
ACQ-T
Zachary Curry

Very volatile with its prime focus on western Canada and Alberta, where they have a large number of their dealerships. His concern is their debt side. How they are going to continue to grow, with the debt levels they have, is too risky for him.


Price: $44.970
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-05-19 PARTIAL BUY Bank of America
BAC-N
Zachary Curry

This is in an industry where the government seems pretty happy with consistently suing them again and again and again. With their acquisition of Countrywide, they really got ahead of themselves. We have seen the government regulate that company, more so than others, which has had the effect of forcing them to operate within pretty tight guidelines. Has a good retail banking platform. Unfortunately there is a lot of work to be done to get it up to a good level as well as to win government trust. This would be a wait and see, but is certainly one that you could nibble away at. Good value.


Price: $16.770
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-05-19 COMMENT BCE Inc.
BCE-T
Zachary Curry

Royal Bank (RY-T) or BCE (BCE-T)? In terms of one or the other, it is hard when it is in such a divisive space. This telecom has been bulking up on the content side. In his view it is the best one to own on the wireless side. Both companies pay good dividends, and both are best of breed. If you had to pick one over the other, it would be this for the short term.


Price: $53.370
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-05-19 HOLD Bank of Nova Scotia
BNS-T
Zachary Curry

Each bank tends to focus on their own little realm, and he really likes this for the international growth. Tends to be a bit more lumpy than most of the other banks. Over the longer term, the rates that they can charge in developing countries are a lot higher. This should continue to do well. Yielding close to 4% and doesn’t think there is a risk to the dividend.


Price: $65.270
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-05-19 COMMENT Brookfield Property Partners
BPY.UN-T
Zachary Curry

Quite positive on Brookfield as a whole. Specifically on the property side you are seeing “okay” value. But on the infrastructure side and big assets, it is the old theory of reaching for yield. You are buying an office building and you are getting rent. He feels there is better value on the asset management side, Brookfield Asset Management (BAM.A-T), simply because everything flows up to it.


Price: $28.500
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-05-19 COMMENT Caterpillar
CAT-N
Zachary Curry

Sold his holdings about 6 months ago, just on valuation. It really comes down to global growth for them. Global growth has been dropping. Great company with great products. He is hoping to pick this up at a lower price.


Price: $87.240
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-05-19 COMMENT Cameco Corporation
CCO-T
Brian Acker, CA

It is having trouble at EBV+2, which is basically his level at $20.96. He has a model price of $30.60, a 48% upside. The real issue here is that the market has to agree with those earnings estimates, and the market is certainly not agreeing. He would feel better on a positive transit on is EBV+2. He would put a target of EBV+3, which is $28-$29, and get out of the stock. If it came back to $17.60, he would be a buyer.


Price: $19.710
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2015-05-19 WEAK BUY Canfor Corp
CFP-T
Brian Acker, CA

He has a model price of $31.71, a 33.5% upside. We are in the 8th inning of these particular cyclical stocks, so he would be very, very cautious.


Price: $25.820
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2015-05-19 COMMENT CI Financial Corp
CIX-T
Zachary Curry

Great management team. This is a competitive sector. Demographics are going to be in their favour. Some people want a non-bank as a place to do business.


Price: $35.850
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Unknown
2015-05-19 WAIT Canadian National R.R.
CNR-T
Zachary Curry

The Canadian rails have certainly come off in the last little while. They’ve had a fantastic run. His view on this would be that you have time to wait.


Price: $74.580
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Unknown
2015-05-19 DON'T BUY Crescent Point Energy Corp
CPG-T
Brian Acker, CA

His model price is $5.62. They are paying out $2.76. Earnings for 2015 is a negative $0.10 and a negative $0.09 for 2016. Yield is 9.41%.


Price: $28.750
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2015-05-19 TOP PICK Cisco
CSCO-Q
Brian Acker, CA

His model price is $45.56, an upside of 53%. 3% dividend yield.


Price: $29.735
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2015-05-19 TOP PICK Cisco
CSCO-Q
Zachary Curry

This is like the pipeline of the internet. You have the infrastructure as the backbone, increased wireless growth, and they got to build the routers, switches and systems for that transmission to take place. Technology is one of the better valued sectors, so you have great valuation and a super cash positioning, with a strong management team. The other side that is really positive is that you have software, (security and service) that is outpacing the traditional products growth. This will give more consistent revenue growth, margins could improve, and that improvement could ultimately come back to shareholders. Yield of 2.83%


Price: $29.735
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-05-19 HOLD Concordia Healthcare
CXR-T
Zachary Curry

A really interesting company in an interesting space. Biotech overall has done very well and there are really some good metrics here. This company is buying the larger scale operations from unloved pharmaceutical companies. He feels it is trying to become like Valeant (VRX-N). Thinks there is growth there. There are a lot of the bigger drug companies that don’t want their lower tier drugs, which are susceptible to generic drugs, and are willing to farm those off in order to concentrate on higher return products. The space as a whole has gone up in value, and is certainly not cheap.


Price: $85.000
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-05-19 TOP PICK Walt Disney
DIS-N
Zachary Curry

Not only do you have the one Star Wars, you have 2 other additionals. You get things like the Avengers and some of the real franchise positions. The real positive with this company is that they really get it all across the board. They have been spending like crazy on the theme parks which are finally coming to fruition. When it comes to re-releasing it on DVD or via the internet, they control it. Yield of 1.04%.


Price: $110.560
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-05-19 PAST TOP PICK Element Financial
EFN-T
Zachary Curry

(A Top Pick July 10/14. Up 26.45%.) Trading near the top of his range. This was a benefit of having a non-bank financial in Canada, as well as having the benefit of having 75% of its business geared to the US. Made a great acquisition which is performing fairly well. Good management.


Price: $17.850
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-05-19 COMMENT Enerplus Corp
ERF-T
Brian Acker, CA

His model price is $3.06, a negative 76%. It is paying out $0.60. For this year, the mean estimate is that they are going to lose $0.55 and $0.08 for 2016 at current earnings estimates. He feels energy is going to go lower.


Price: $12.100
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2015-05-19 PAST TOP PICK CGI Group (A)
GIB.A-T
Brian Acker, CA

(A Top Pick May 29/14. Up 48.53%.) Still likes this. It will probably go to about $67. He would be a Buyer on any weakness.


Price: $55.160
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2015-05-19 TOP PICK Gilead Sciences Inc.
GILD-Q
Brian Acker, CA

The media focuses on negative stories, but these big companies can shift assets and wring out some costs to make up for any sort of pricing differential. His model price is $168, a 54% upside.


Price: $110.560
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2015-05-19 COMMENT Google
GOOGL-Q
Zachary Curry

R&D spending in the last quarter has been quite high. Seem to have some pet projects they keep funnelling money into. On the android side, for example, they continue to give it away for free, but what that does is allow applications and data to be pulled off. That is positive in the long term. The advertising side continues to be dominant. Their shift to mobile, accepting pages that are typically enhanced to work on mobile applications, is another avenue. It really comes down to a longer-term investment horizon and believing they will be able to move around that big advertising elephant. Good value, good cash and a good balance sheet are important in this market. He is positive on this company.


Price: $549.280
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-05-19 COMMENT IBM
IBM-N
Brian Acker, CA

This is in transition, but it does have fundamentals. His model price is $200, a 15% upside. Pays a 3% dividend. Even if they disappoint on the top and bottom lines, they know how many shares to buy back to make the whole thing work.


Price: $173.480
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2015-05-19 TOP PICK Intel
INTC-Q
Brian Acker, CA

His model price is $52.98, almost a 60% upside. The old techs are not being properly valued in this market. The fundamentals are there for this one to go significantly higher in the next little while. Dividend yield of 2.91%.


Price: $33.150
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
Showing 61 to 120 of 140,183 entries