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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
2016-06-28 COMMENT Flyht Aerospace Solutions
FLY-X
Benj Gallander

They supply some of the ingredients for the black boxes on airplanes. A small company with about $10 million in revenues, and about $6 million in debt. This could go higher, but one of the dangers of a company like this is dilution. In May they sold more stock and gave out more options. This is a wing and a prayer.


Price: $0.180
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2016-06-28 BUY General Electric
GE-N
Jim McGovern

Probably one of his favourite companies in terms of safety. He would buy this for the long-term. They have jettisoned their financial services business, which is virtually all complete now. It is now wired up and ready to go. If we do get a recession in the US, this will be at acquisitive company again.


Price: $29.940
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2016-06-28 COMMENT Golden Star Resources
GSC-T
Benj Gallander

This company has some knocks against it. They had a lot of difficulties with the gold price being down. They always have trouble making money. Royal Gold made a royalty agreement and are giving them $130 million, but of course there is a whole payback with that, which will depress their earnings. He can see this going up $1.25.


Price: $0.830
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Unknown
2016-06-28 COMMENT Imperial Metals Corp
III-T
Benj Gallander

Had a spill that really hurt them. They still have a difficult row to hoe, and is no longer on his watch list. There are companies out there that are not nearly as expensive, so this wouldn’t be first on his Buy list.


Price: $6.150
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2016-06-28 TOP PICK Innodata Isogen Inc.
INOD-Q
Benj Gallander

This does digitalization. They are into e-books, work with the insurance industry and with the healthcare sector. This has virtually no debt. In the last few years they have lost a fair bit of money, and right now are operating at about breakeven. Wishes management were a bit more proactive. Just did a takeover of another company, but there is little information in the public sphere. The stock price tends not to be a slow grower, but tends to jump. He has a target price of over $7. His hope is that it will have one of the spikes that it has every few years, at which time he would jump out very, very quickly.


Price: $2.280
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2016-06-28 TOP PICK iPath DJ-AIG Grains Index
JJG-N
Jim McGovern

These type of investments are very good diversifiers. This is composed of 3 different agricultural commodities, wheat, corn and soybeans. Soybeans has been the big driver, principally because there is a shortage in Brazil. Wheat is kind of finished, but corn is kind of interesting because we have this kind of El Niño affect coming down the pipe now, creating super hot and super dry in the US. Wouldn’t make it a big position in your portfolio.


Price: $33.320
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Yes
2016-06-28 COMMENT Loblaw Companies Ltd
L-T
Jim McGovern

Fabulous management and great market share. Their purchase of Shoppers was fabulous. It is a bit expensive. There is some talk that they are going to spin out the gas station part. It is hard to see it going up a lot from here, however he doesn’t see it going down a lot either.


Price: $68.650
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Yes
2016-06-28 DON'T BUY Linamar Corp
LNR-T
Jim McGovern

The rule of cyclicals is that you sell them when PEs are low and buy them when PEs are high. The PE on this is dirt low right now. Over the long-term you are going to be fine, but in the short run this is still dead money.


Price: $43.880
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2016-06-28 BUY Lundin Mining Corp.
LUN-T
Jim McGovern

His favourite name in the copper space, but has been one of the poorest performers year to date because it is such a good company. They don’t have a lot of debt. Thinks a lot of investors are nervous about buying a company that wants to buy somebody else. He would have this is a Long, offset was some Shorts on companies he is not favourable on.


Price: $4.190
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Yes
2016-06-28 COMMENT Manulife Financial
MFC-T
Jim McGovern

Financials do not rate high on a Buy list in these markets. Has pretty much been Short financials since starting his fund 18 months ago. Insurance companies in particular are in a tough bind. With these low rates, putting premiums to work and earning a decent return without a lot of risk, is very tough. This doesn’t have much European business. Asian and wealth management businesses have been great, but offsetting those 2, they have had some issues with energy debt. The good thing is that it is really cheap. If you take an 18-36 month view, you can be okay.


Price: $16.970
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2016-06-28 DON'T BUY Magna Int'l. (A)
MG-T
Jim McGovern

The rule of cyclicals is that you sell them when PEs are low and buy them when PEs are high. The PE on this is dirt low right now. Over the long-term you are going to be fine, but in the short run this is still dead money.


Price: $43.990
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2016-06-28 COMMENT Norsat International
NII-T
Benj Gallander

His plan was that when they had a consolidation he would Buy back in. However, it is a stock that hardly ever trades and it is very difficult to buy and sell. Good management. Thinks it can go higher.


Price: $8.900
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2016-06-28 COMMENT Nike Inc
NKE-N
Jim McGovern

Just reported and were disappointing on their revenue and future order front. Thinks the shoe business has peaked out.


Price: $53.090
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2016-06-28 COMMENT Orange SA
ORAN-N
Benj Gallander

Orange (ORAN-N) or Banco Santander (SAN-N)? A telecom leader in France and many other countries. He likes the company and thinks it can double from here. Pays a good dividend. The French market is very, very competitive. If he were buying either, it would be Banco Santander.


Price: $15.610
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2016-06-28 PAST TOP PICK Orvana Minerals
ORV-T
Benj Gallander

(A Top Pick June 19/15. Down 31.03%.) When they reported their recent quarterly results, they got a “going concern” attached to it. That often means bankruptcy is not too far away, however their debt is only a few million dollars. They have to do some reclamation in Spain which will cost them $6 million, plus in Bolivia they wanted to get the mine moving forward. Just got a loan of $7.9 million for their Bolivia holdings. Production is primarily gold and copper. He doesn’t know who the CEO will be going forward. A good speculative buy.


Price: $0.205
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2016-06-28 HOLD Pfizer Inc
PFE-N
Jim McGovern

A super, high quality stock that people have owned for decades and decades. A constant dividend grower. Has always had a great pipeline of drugs. Doesn’t believe the entire drug industry is either a Long or a Short. Wait to see who is elected in the US, because that will have a very big impact on sentiment.


Price: $34.440
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Yes
2016-06-28 TOP PICK Reitmans
RET-T
Benj Gallander

A tough market because of Amazon (AMZN-Q) and the Internet. The major knock is that they are losing money. Last quarter they lost millions of dollars as well as in the quarter before. However, they have over $100 million in the bank. Margins have been squeezed because the US$ has gone up in the past year. Revenues have been flat for the last year which a lot of people felt was not good, except they closed 60 stores. Same-store sales have gone up about 8.8%. Included in that is the 56%+ that their online sales have gone up. Dividend yield of 4.85%.


Price: $4.210
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2016-06-28 COMMENT Banco Santander SA
SAN-N
Benj Gallander

Orange (ORAN-N) or Banco Santander (SAN-N)? This got hit in the last couple of days. Goldman Sachs said it was going to cost them a fortune because of BREXIT and their profits would go way down. However, the CEO said she didn’t expect a lot of impact. Pays a nice dividend and constantly makes money. If he were buying either, it would be this one.


Price: $3.840
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2016-06-28 COMMENT Banco Santander SA
SAN-N
Benj Gallander

This just got trounced in the past couple of days. It has been on his list for quite a while. He is watching it very closely. They have a lot of problems in Brazil, and have a lot of business in Britain. It pays a nice dividend. Thinks Europe is a good play.


Price: $3.840
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2016-06-28 BUY on WEAKNESS Sba Communications Corp
SBAC-Q
Jim McGovern

Tower businesses have been reclassified as REITs, and they are terrific businesses. Cell phones aren’t going away, and with all the changes going on and what you can put through the lines, these towers are going to continue to be valuable properties. Any pullback would be a great time to get in.


Price: $103.540
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2016-06-28 BUY Starbucks
SBUX-Q
Jim McGovern

Some of the more growthier type names have been sold down. This one has a tremendous loyalty program. Has done quite well in China. It is one you can buy and tuck away for ever.


Price: $54.850
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2016-06-28 COMMENT Tricon Capital Group
TCN-T
Jim McGovern

Nice dividend and great management team. They were buying a lot of residential real estate property in the US when nobody else wanted it. Feels their block of properties is worth a lot of money. At some point there will be further consolidation in the space, and at some point they could be an acquisition.


Price: $8.430
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Yes
2016-06-28 COMMENT Trican Well Service Ltd.
TCW-T
Benj Gallander

On his watch list, but unfortunately it has gone up like crazy. The Wilkes Brothers were buying a lot. They are huge into the company, and are pretty sharp investors. As oil/gas comes back, this company should come back. Far less attractive to him now because it has gone up so much. For somebody wanting to get into the area, it could be a good pick, but there might be better picks with better balance sheets.


Price: $2.270
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2016-06-28 TOP PICK iShares TIPS Bond E.T.F.
TIP-N
Jim McGovern

These are inflation protected securities. Thinks that CPI is going to continue to bump up. Expects the core PCE (?) in the US to be fully through 2% this year. A safer bet with less capital risk.


Price: $116.520
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Yes
2016-06-28 PAST TOP PICK United Security Bancshares Inc
USBI-Q
Benj Gallander

(A Top Pick June 19/15. Up 6.31%.) Based in Alabama and have 20 branches. They make money year after year and have excellent capitalization ratios. Selling at about two thirds of BV, which is something you generally don’t see in banking. In 2011 they eliminated the dividend, but it is now $.02 a quarter. Thinks there is tremendous upside on this. He can see the price quadrupling from this level.


Price: $8.620
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2016-06-28 TOP PICK United Security Bancshares Inc
USBI-Q
Benj Gallander

He likes regional banks. Also, has First United (FUNC-Q) and Bank of Commerce Holdings (BOCH-Q) in California. He started buying into the sector in 2009. This is a sector that has moved up for the most part, but this stock has not moved up as much. With BREXIT, there might be less inflation now for interest rates to move up in the US. If interest rates go up, that is good for the banks as it helps their bottom line. Dividend yield of 0.93%.


Price: $8.620
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2016-06-28 COMMENT Visa Inc.
V-N
Jim McGovern

A great company and pretty much a staple in every portfolio managers holding. Visa Europe is very interesting and they are obviously taking in the rest of that. He has a series of shorts against this, such as Capital One, Discover and Allied Financial.


Price: $75.160
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Yes
2016-06-28 COMMENT Whitecap Resources
WCP-T
Jim McGovern

Right now he is very lightly positioned in energy. It has had a big move and he has seen a lot of energy stocks back up. A good company and management is fine. Doesn’t think you are going to get hurt on this except just through the general commodity malaise.


Price: $9.930
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2016-06-28 BUY on WEAKNESS Wells Fargo
WFC-N
Jim McGovern

If you are going to buy one US bank, this would be it. The loan quality, credit quality and management are superb. However, it is one of the more expensive large cap banks in the US. It depends on your time horizon. Eventually rates will go up. Dollar cost into the name over the next year.


Price: $46.100
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2016-06-28 DON'T BUY WSP Global Inc.
WSP-T
Jim McGovern

In the very short run, this is not the best time to buy this. A pure play engineering company, growth by acquisition. Terrific management. Believes it has about 10%-20% exposure to the UK. If things play out on a macro standpoint the way he thinks they will, at some point infrastructure spend starts to kick in, and this would be one of the beneficiaries.


Price: $38.010
Subject: NORTH AMERICAN LARGE - ETF'S & MACRO STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2016-06-27 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

EU and the euro. Feels the UK vote will hasten the development of the breakup of the EU and the euro. There will be an election in France next April, which will be very, very important, as well as an election in March in the Netherlands, and a recent survey indicated that most people would want to see a referendum. Feels people really understand that the EU is not working. Doesn’t think that foreign exports for markets is not a big deal. London is one of the greatest cities in the world, and with the pound weakening and the UK markets coming off, there is going to be some phenomenal shopping to do in London.


Price: $0.020
Subject: NORTH AMERICAN & ETFs
Bias: CAUTIOUS
Owned: _N/A
2016-06-27 COMMENT A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Negative bond yields? The entire spectrum of Swiss bonds/government bonds has negative yields. With this flight to safety, it shows that people are worried about equities.


Price: $0.020
Subject: NORTH AMERICAN & ETFs
Bias: CAUTIOUS
Owned: _N/A
2016-06-27 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Markets. You would think that VIX would be spiking up today in a big way. There was a big spike on Friday because the BREXIT results were not expected. However, today with the markets down as they are, VIX is not spiking again. Either markets are a bit complacent or there is much more to come. He is leaning on the side of much more volatility to come. We will get trading rallies, but those trading rallies are not something you want to get excited about just yet. There is a lot more downside, right through to the US election.


Price: $0.020
Subject: NORTH AMERICAN & ETFs
Bias: CAUTIOUS
Owned: _N/A
2016-06-27 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Buying US$s now? It depends on how you are buying. If you are going into the bank branch and paying 2.5%, and then 2.5% the other way, don’t do it. If you have some US$ exposure in your investment account via an ETF, the answer is yes. It really depends on what your cost of trading is when you are trading foreign exchange if you want to do that.


Price: $0.020
Subject: NORTH AMERICAN & ETFs
Bias: CAUTIOUS
Owned: _N/A
2016-06-27 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Dow Jones, how low? Thinks we stay weak generally heading into the US election. There will be trading rallies, but probably failed ones. At a minimum, equity markets need to retest their February lows from this year, over the course of the next few months. It could go down to 15,000.


Price: $0.020
Subject: NORTH AMERICAN & ETFs
Bias: CAUTIOUS
Owned: _N/A
2016-06-27 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment. Brexit. At the end of every Bear cycle, if you are still bearish you make no money, markets rally. At the end of every Bull cycle, the Bulls have to feel some pain when things go down. Every correction we have seen in the last couple of years has been 1 month or 2, and then a recovery. Thinks BREXIT is enough of a catalyst, that this time it is going to be more painful, taking out the lows that we have seen earlier this year, and in the middle of last year. He showed the STOXX 600 Banking Index (European bank index chart). It showed the 08-09 lows, and lower lows in 2012. Today we are at about 6% from those lows of 2012. Those lows need to be tested and probably to be taken out at a minimum before we see people confident about coming back in to European banks. He then showed the STOXX 600, which is like the S&P 500 of Europe, a benchmark of all the European countries including the UK. Chart shows a long upward trend line from 2008, and we are sitting on the trend line now. If it breaks where do we go. Retracement levels are where you look for where the market might come back to. The trend line is almost certainly going to break, and that adds to the broader European markets of another 10%-15% downside. On fundamentals, looking at the last 5 years of the earnings, earnings have been going down. Negative interest rates don’t work, they are toxic. He doesn’t know how they stabilize things, and there is more downside to come. Fundamentally we have to go down lower, there has to be some pain. The US and Canadian markets are going to come down in sympathy. They probably retest February lows, and let hope it holds.


Price: $0.020
Subject: NORTH AMERICAN & ETFs
Bias: CAUTIOUS
Owned: _N/A
2016-06-27 N/A A Comment -- General Comments From an Expert
A Commentary
Gerard Ferguson

Commodities. Everyone is focused on Brexit and how the UK is going to play out over the next couple of years, but the real risk and the real fear is the contagion from that. The UK vote to leave is going to possibly trigger votes in other European countries, which will bring the euro into question. That will become the bigger issue. A stronger US$ has a strong impact on energy, but on other areas of the market such as gold, the US$ is typically weak, but the dollar is rising right now because of negative interest rates in Europe, as well as the risk premium that is being demanded by investors. There are other areas, such as China, that are much more significant. As long as the contagion doesn’t spread there, he thinks it is going to be relatively contained.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2016-06-27 N/A A Comment -- General Comments From an Expert
A Commentary
Gerard Ferguson

Interest rates. With the European situation, low or negative interest rates are going to be lasting even longer. Most economic models rely on having a risk-free rate, but those models don’t work with negative interest rates. What people have been saving for retirement is kind of irrelevant now. That is going to be the bigger impact if negative interest rates continue for a longer period of time. We need zero or positive interest rates around the world. We also need economic growth to pick up, so countries in Europe and Asia will be able to allow their interest rates to flow back up towards zero. 


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2016-06-27 COMMENT A Comment -- General Comments From an Expert
A Commentary
Gerard Ferguson

Lithium? This has taken off by the increasing popularity of electric cars. There are very few deposits globally that are actually producing lithium which is refined and put into batteries for electric cars, and there has been a rush towards junior players. There is a lot of lithium in the world and major producers can increase their own, so there is not going to be a supply issue, and a lot of projects are going to get over inflated.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2016-06-27 WAIT A Comment -- General Comments From an Expert
A Commentary
Gerard Ferguson

Canadian Banks? Most Canadian equity funds have 6 banks in their top 10 holdings, and his firm tries to offer something a little bit different that represents Canada. However, there has rarely been a bad time in history to Buy a bank, so when you have a pullback, it usually makes a little bit of sense to buy it. They are very stable and tend to have very strong monopolies in a bunch of different industries, asset management included. They pay very healthy dividends and they all have room to grow their dividends. Thinks the Brexit impact is quite low, as they are Uber focused on the Canadian economy. However, they will get hit by contagion. Now is a good time to buy them, but the focus should be much more on the energy patch and the exposure they have there, and also where interest rates are going. He would wait more towards the end of the year or the 4th quarter with a focus on seeing what the Fed is going to do.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2016-06-27 COMMENT A Comment -- General Comments From an Expert
A Commentary
Gerard Ferguson

Precious metals. If you are favourably disposed to the precious metals group, it always makes more sense to buy the companies. Typically, there is about a 3 to 1 leverage ratio, so if you get a 10% in the commodity, you get about a 30% in the stocks.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2016-06-27 N/A A Comment -- General Comments From an Expert
A Commentary
Peter Brieger

Markets. His initial reaction on Brexit is that they have to negotiate for 2 years, and then there is probably another year on top of that because they have to get 27 remaining EU members to ratify to whatever was agreed to. It then goes back to the UK Parliament. We are looking at 3 years and it is far too early to say what is going to happen. There is a big question mark as to whether they will go ahead. First of all, the referendum was not legally binding. It has to be ratified by parliament and there is a strong Stay movement in Parliament.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2016-06-27 COMMENT Barrick Gold
ABX-T
Larry Berman CFA, CMT, CTA

Ultimately gold is probably going to go higher, but right now when you look at this company, it is probably repricing in $1500, $1600, $1700 gold already. You are not buying this because there is good value there, you are buying it because it is a safety play right now. The stock is already becoming unglued and gold is not up very much, so he is not sure gold gives you the safety it used to. 


Price: $27.600
Subject: NORTH AMERICAN & ETFs
Bias: CAUTIOUS
Owned: No
2016-06-27 HOLD Barrick Gold
ABX-T
Peter Brieger

Gold has gone up with fears about the BREXIT and global uncertainties. If there is some easing on the fears of BREXIT, then he could see gold pulling back $100 an ounce.


Price: $27.600
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-06-27 COMMENT Agnico-Eagle Mines
AEM-T
Gerard Ferguson

Gold is being driven by negative interest rates, but also there has been a massive underinvestment in exploration in the space and there is very little in the foreseeable future. Companies like this not only play a higher gold price, but this is known as one of the go-to growth producers. Also, they are one of the investors in the junior space. It typically takes fairly large investments in juniors. On the next big growth project to be found, this company is probably going to have an angle on it.


Price: $68.810
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2016-06-27 PAST TOP PICK Agrium
AGU-T
Peter Brieger

(A Top Pick June 22/15. Down 5.03%.) The impact of BREXIT is quite neutral on this.


Price: $115.890
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-27 TOP PICK Agrium
AGU-T
Peter Brieger

In the long-term, people have to eat, and taking a look at projected population growth people are going to need more food, especially in emerging markets. He likes that they have diversified into the retail business and have some pretty aggressive targets on this. The target for 2020 is $10 a share of free cash flow and a dividend of 5%. For him, cash flow growth and dividend growth is crucial. (On his 3 top picks, he would not necessarily Buy now, but watch the markets for your entry point.)


Price: $115.890
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-27 DON'T BUY Algonquin Power & Utilities Corp
AQN-T
Peter Brieger

He doesn’t like this, and doesn’t like power companies generally, because of exposure to coal driven energy, which is going to hurt them.


Price: $11.970
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-27 COMMENT American Water Works Co. Inc.
AWK-N
Peter Brieger

Trading at 22X PE for this year, and 24.7X PE for next year. That is far too high. The target price is $71.54 a year from now. This is a regulated business, and that is tough.


Price: $81.710
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-27 COMMENT Amaya Gaming Group Inc.
AYA-T
Gerard Ferguson

(Market Call Minute.) This is going through a strategic review process. He would be cautious. He has some exposure through some preferred securities.


Price: $18.380
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2016-06-27 WATCH Birchcliff Energy Ltd.
BIR-T
Gerard Ferguson

(Market Call Minute.) Have improved their balance sheet. Made a massive acquisition. This is a brand-new start for this company. It will be a play on natural gas, but also on oil. A name to watch.


Price: $6.300
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2016-06-27 TOP PICK Boralex Inc.
BLX-T
Gerard Ferguson

An independent power producer based in Québec. Have increased their capacity significantly over the last number of years and are continuing to grow. They have some very aggressive targets for capacity and cash flow. Going from reinvesting all their capital into growth projects, to returning some of it to investors through a dividend, and there is lots of room for that dividend to grow. They have a number of projects that they still want to develop. Trading at a significant discount to their peer group. Dividend yield of 2.99%.


Price: $18.900
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2016-06-27 COMMENT Brookfield Property Partners
BPY.UN-T
Peter Brieger

If you are going to participate in the Brookfield group, you should go through Brookfield Asset Management (BAM-T), because they have minimum exposure to London as well as to Europe.


Price: $29.100
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2016-06-27 COMMENT Canaccord Financial Inc
CF-T
Gerard Ferguson

One of Canada’s 2 publicly traded brokerage firms. Well diversified with retail, institutional, investment banking and advising business. It has gone through a big restructuring in the last few years. The brokerage industry globally is facing a lot of challenges. It isn’t as profitable as it once was. This one has been very fortunate in being diversified across different industries, but do have a substantial amount of their assets in the UK, and are directly impacted by what has happened with BREXIT. That will impact their profitability and their asset base. He likes this name and it is extremely cheap. Trades at a significant discount to its BV.


Price: $4.550
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2016-06-27 WAIT Canfor Corp
CFP-T
Gerard Ferguson

(Market Call Minute.) Lumber is probably the poster child for seasonality. The time to own is going into the 4th quarter. There has been some improvement in housing which favours lumber producers, and this is one of the best suited. He would look toward September.


Price: $12.300
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2016-06-27 HOLD iShares Japan C$ Hedge ETF
CJP-T
Larry Berman CFA, CMT, CTA

Has just started buying Japan because of the strength in the yen, and thinks the next side of this is Japan weakening in the yen, in which stocks will outperform.


Price: $10.450
Subject: NORTH AMERICAN & ETFs
Bias: CAUTIOUS
Owned: Unknown
2016-06-27 COMMENT Canadian Natural Rsrcs
CNQ-T
Peter Brieger

Suncor (SU-T) or Canadian Natural Resources (CNQ-T). Doesn’t own this, but it is on his potential Buy list. Thinks very highly of management. If he had to choose just one, he would probably go with this.


Price: $37.660
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2016-06-27 COMMENT Crescent Point Energy Corp
CPG-T
Peter Brieger

One of his favourite energy stocks. It is one of the best companies in Canada. They have 7000 prospective wells, many of which are subject to the benefit of water flood. You are going to see continuing increases in production. Feels that eventually the dividend will start to be increased.


Price: $19.120
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2016-06-27 COMMENT iShares Global Advantage Dividend E.T.F.
CYH-T
Larry Berman CFA, CMT, CTA

RESP with an 18-year time horizon? He would say this is a good choice, but investing with a long-term growth horizon, dividend weighted stocks are going to be underperforming. He would much rather have something like a total world Index that is going to give you maximum upside growth.


Price: $16.600
Subject: NORTH AMERICAN & ETFs
Bias: CAUTIOUS
Owned: Unknown
2016-06-27 TOP PICK Detour Gold
DGC-T
Gerard Ferguson

A cash flow machine. As an acquisition target, it will fill holes for a lot of producers that might be short of cash flow over the next few years. They have built out their mine and most of the capital has been spent and is now in a reaping phase. It will participate with higher gold prices, but also would be a great addition to a company that needs a growth profile in order to finance a bunch of projects that they have coming on.


Price: $33.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
Showing 61 to 120 of 153,434 entries
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