Recent Opinions | StockChase
stockchase picture

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

Recent Opinions

Print
Date Signal Company Expert Opinion Price
2016-09-22 COMMENT Valeant Pharmaceuticals
VRX-T
Benj Gallander

On the way up, people kept asking about this stock all the time. He was always dubious because when a company is doing so many takeovers, often they get into trouble. They have about $30 billion in debt with about $40 billion in Goodwill and intangibles. That is going to lead to a lot of write-downs. They have problems with government regulations, legal problems, huge debt load and certain morality issues. He can see this possibly going bankrupt.


Price: $35.070
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Unknown
2016-09-21 N/A A Comment -- General Comments From an Expert
A Commentary
Bruce Campbell (2)

Market. In July he registered a volume and breadth thrust, which are pretty rare events, but take up a lot of internal energy of the market. It usually takes 2-3 months for the market to regain its internal strength before moving up to the next level. He started to see some waning momentum in the last month and flattening out a little. Signs are still positive and not turning negative, but he is watching and prepared to make a move if he needs to. He also likes to watch economic indicators. Two that he really focuses on are the ISM numbers, both manufacturing and the services side. Below 50 indicates the economy is contracting, but below 46 there is a high probability, almost 100%, that we are going to enter a recession if the manufacturing gets below 46. It was very close to that number and then there was a rebound up in economic activity. In the last month the ISM Manufacturing number was pretty negative and dropped back below 50. If it gets below 46, investors would want to be positioned for a recession, which is where we typically see the biggest bear market.


Price: $0.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: _N/A
2016-09-21 PARTIAL BUY A Comment -- General Comments From an Expert
A Commentary
Bruce Campbell (2)

Banks? This has been one of the better areas to be for longer-term, traditional low volatility. There had been a lot of concern about credit losses that could potentially come up from the oil/gas side, as well as concerns about the Canadian housing market. That did not transpire. If anything, the banks continue to perform and their provisions for credit losses has actually come in less than what the Street expected, and he expects this will continue going forward. He would initiate a partial position now, and wait for when the market gets scared to buy the other half.


Price: $0.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-09-21 N/A A Comment -- General Comments From an Expert
A Commentary
Nick Majendie

Market. There was no change in the rate by the Fed, but the market clearly interpreted this as dovish, and there was a market rally. The market is very fixated on the short term, but Janet Yellin is seeing rates as staying unusually low for a long period of time. She also said that if the fund rates go to 2%, they are going to do more quantitative easing and add $4 trillion of bond purchases. He thinks the market will be comforted by that. Thinks today’s is very short term. Expects dividend paying stocks, which is his specialized area, will be particularly attractive relative to current long-term bond yields. Central Banks are beginning to realize that negative interest rates have negative consequences for banks, pension funds, insurers, etc.


Price: $0.020
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: _N/A
2016-09-21 N/A A Comment -- General Comments From an Expert
A Commentary
Nick Majendie

Qualities to look for in companies? You are looking for a strategy that makes sense and that they can enunciate clearly. Also, looking for a strategy that is well thought out, consistent, and if the circumstances in the industry change, how adaptable are they.


Price: $0.020
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: _N/A
2016-09-21 COMMENT A Comment -- General Comments From an Expert
A Commentary
Nick Majendie

Gold? Had been quite optimistic on the sector earlier in the year, and is surprised by the amount of upside it has had. In a world of negative interest rates, he thinks gold is pretty attractive. Monetary policy has not really affected GDP growth, and with currencies being volatile, he thinks gold will attract more attention over time. He can see gold going higher, and wouldn’t rule out that they could go back to previous highs by 1925.


Price: $0.020
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2016-09-21 BUY Algonquin Power & Utilities Corp
AQN-T
Nick Majendie

Another Canadian company that has been expanding in the US and undertaking acquisitions. Very good dividend growth prospects, at above 10% a year.


Price: $11.910
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 COMMENT Brookfield Asset Management (A)
BAM.A-T
Nick Majendie

Extremely well-run. They have something like $90 billion under management, aside from the 3 major subsidiaries/partnerships. One of the smartest management in the country. If looking for growth over time, this is excellent. If looking for dividend growth, buy the subs.


Price: $44.180
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2016-09-21 TOP PICK Brookfield Infrastucture Partners
BIP.UN-T
Nick Majendie

This fits in with his infrastructure theme. If you want to buy a global infrastructure company, this is the “go to” name. His dividend growth target is 7%-9% a year. FFO growth and cash flow growth of 12%-15% a year for the next few years.


Price: $43.920
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 COMMENT Breaking Data Corp
BKD-X
Bruce Campbell (2)

Continues to sign deals. What we need to see for the stock to break out is some profitability and cash flow. Currently they have started to add some of those. They added TabCorp out of Australia. We should also see the Pacific Disaster Centres generate some income. They have a messaging Bot, BreakingSports, something new on Facebook (FB-Q). You need to watch that they get to the point where they see some sort of cash flow growth. At that time, the stock should be recognized for what it is. Outstanding technology.


Price: $0.130
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-09-21 HOLD Bank of Montreal
BMO-T
Nick Majendie

He likes this. The results, along with Bank of Nova Scotia (BNS-T) and Bank of Commerce (CM-T) were a surprise on the upside in Q3. They are doing a good job in the retail area as well as in the US where they have exposure in the Midwest. Good dividend. Thinks their long term targets are achievable, but not in the short term.


Price: $85.960
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2016-09-21 HOLD Baytex Energy Corp
BTE-T
Nick Majendie

A very high beta name in terms of the potential for oil price increases. The balance sheet is not good. They have stretched out maturities which is at least encouraging. You need higher oil prices to make money in the stock. He has a $70 target for oil prices in the next couple of years.


Price: $5.090
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2016-09-21 COMMENT Cameco Corporation
CCO-T
Bruce Campbell (2)

(Market Call Minute.) He doesn’t own any thing in uranium right now. At some point in time, with all the nuclear plants that are coming on board, the stock is going to probably respond, but at this time he is happy just to watch.


Price: $11.740
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-09-21 COMMENT Cameco Corporation
CCO-T
Nick Majendie

Has been an extremely disappointing stock. This is really the timing of an improvement in the uranium market. Big overhang. Lots of nuclear reactors being built globally, but there is a big inventory overhang that you have to work your way through. You are probably looking at 2-3 years before there is some visibility. In the meantime, he expects the stock will go sideways.


Price: $11.740
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2016-09-21 COMMENT Canfor Corp
CFP-T
Bruce Campbell (2)

Ranks a bit outside of his fundamental and technical screening. The stock is yo-yoing which has to do with housing starts and new home sales.


Price: $14.360
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-09-21 COMMENT Canopy Growth Corp.
CGC-T
Bruce Campbell (2)

(Market Call Minute.) The 800-pound gorilla. If you think the recreational market is going to develop, then this is certainly the one you want to own. He owns a small position.


Price: $3.970
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-09-21 COMMENT Cardinal Energy Ltd
CJ-T
Bruce Campbell (2)

Had owned this when oil prices were a little higher, but moved out when prices declined. He prefers larger companies now. This one doesn’t screen super well from either a fundamental or technical standpoint. Also, prefers natural gas names more at this time.


Price: $7.640
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-09-21 PAST TOP PICK Canadian Imperial Bank of Commerce
CM-T
Nick Majendie

(A Top Pick Sept 25/15. Up 14.05%.) Earnings this year will be about $10 a share. With PrivateBancorp included and accretive in 2019, he thinks they can get up to about $12 a share.


Price: $102.400
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 COMMENT Crescent Point Energy Corp
CPG-T
Nick Majendie

Well-run. If he were adding another company to his portfolio, this would be a candidate. They have good production growth ahead of them and they have put their balance sheet in shape. Management has a pretty good track record and he thinks it will continue.


Price: $17.510
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2016-09-21 COMMENT CRH Medical Corp.
CRH-T
Bruce Campbell (2)

They continue to execute. Did a big acquisition almost 2 years ago, and now are just doing smaller incremental acquisitions that continue to build out their business. He thinks the process will continue. This has bumped up a little in valuation, and as a result it dropped down in his ranking, so he recently sold his holdings. He wouldn’t be surprised if there was an equity issue from the company in the future.


Price: $5.220
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-09-21 BUY Canadian Tire Corporation Ltd. (A)
CTC.A-T
Nick Majendie

He is a little frustrated. Management has done a very good job in a competitive environment, but valuations are low. At current prices, this is a Buy.


Price: $132.960
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 HOLD Cenovus Energy
CVE-T
Nick Majendie

He would classify this as a “hold”, but has a 2-3 year timeframe in mind. You need higher prices. The company has done a good job in putting its balance sheet back in shape. It is a relatively low cost operator in the SAGD area. He likes this on a longer-term basis, but currently it is not one of his favourites.


Price: $17.900
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2016-09-21 PARTIAL SELL Concordia Healthcare
CXR-T
Bruce Campbell (2)

A real tough one, and he is watching with interest. Looking at the balance sheet, you have to be really concerned in that they probably have negative equity. Also, their drugs have not been performing very well. There are headwinds in their recent acquisition from the UK. In the last little while, he has noticed that some value managers are starting to pick up the stock. He would like to see a trend change in revenue and EBITDA.


Price: $7.120
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-09-21 COMMENT Decisive Dividend Corp
DE-X
Bruce Campbell (2)

(He is on the board.) This company makes acquisitions of private companies and own them outright. Their process is all about providing dividends to shareholders. So far there have been 2 acquisitions and they are looking for more.


Price: $3.110
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-09-21 COMMENT Dollarama Inc.
DOL-T
Bruce Campbell (2)

Has owned this in the past. It is screening really well both fundamentally and technically. He is waiting for an opportunity to see if it pulls back. (See Top Picks.)


Price: $101.490
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-09-21 WAIT Encana Corp
ECA-T
Nick Majendie

This has been well-run. They have done another financing and have totally reversed the strategy of the company. It was natural gas and is now oil. They’ve zeroed in on 4 major plays which ultimately will produce excellent low cost production. The financing satisfied a fair amount of demand, so he would wait a little.


Price: $12.250
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2016-09-21 PAST TOP PICK Emera Inc
EMA-T
Nick Majendie

(A Top Pick Sept 25/15. Up 15.3%.) Just completed the acquisition of Temper Electric. They’ve become one of the top 15 utilities in the US. Has a dividend growth target of 8% a year for the next 5 years, which he feels is fully achievable. Good management. Still a Buy.


Price: $47.620
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 COMMENT Enbridge
ENB-T
Nick Majendie

Fortis (FTS-T) versus Enbridge (ENB-T) versus Telus (T-T)? He has just come out with a new portfolio which has 13 infrastructure oriented stocks. All 3 of these are in that portfolio. The major reason is because of the predictability of dividends long-term and excellent management. He really likes the Spectra merger, which extends out the time they can forecast their dividend growth, which will be 17% next year and 10%-12% per year to 2024.


Price: $57.910
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 TOP PICK Enbridge
ENB-T
Nick Majendie

He really likes the Spectra acquisition. The only potential negative is the earnings multiple which is in the almost mid-20s now, so there are some interest rate risks. If you Buy it and tuck it away, you see the dividend grow to the point where it will double in 7-8 years. There is a strong emphasis on renewables, they are the 2nd largest wind producer in Canada. Have done a large joint venture with a French organization.


Price: $57.910
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 PAST TOP PICK Espial Group
ESP-T
Bruce Campbell (2)

(A Top Pick Sept 23/15. Down 40.35%.) Makes software that goes into set-top boxes for cable. Has a new platform that effectively allows you to do more than just connect with your cable company, but has the YouTube’s and a lot of the other apps that are in some of the smart TVs. A big client was testing in order to put these into the next line of boxes, but then put a stop to the program, which had a big impact on the stock. Valuation wise, he is sure that a lot of value managers are looking at this right now. Has over $1 in cash on the balance sheet, and are just rolling out their product in Europe with a couple of big cable companies. He is out of this, but is watching from the sidelines.


Price: $2.000
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-09-21 COMMENT Fortis Inc.
FTS-T
Nick Majendie

Fortis (FTS-T) versus Enbridge (ENB-T) versus Telus (T-T)? He has just come out with a new portfolio which has 13 infrastructure oriented stocks. All 3 of these are in that portfolio. The major reason is because of the predictability of dividends long-term and excellent management. This one has a dividend growth target of about 6% a year for the next 5 years, which he thinks is fully achievable. It is one of the top 15 utilities in the US.


Price: $42.290
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 TOP PICK goeasy
GSY-T
Bruce Campbell (2)

Financials with a leasing division which leases furniture from their own stores, but also has relationships with 3rd parties. Also, has a financial side of their business for unsecured consumer loans for $1500 to $15,000, which is the area that has really been growing. They are on a nice growth trajectory and have really dialled in their credit provisions and how they are going to manage that. This is trading super cheap. Expects they could earn $3 next year, and the stock is trading at less than 10X earnings. Dividend yield of 2.13%.


Price: $23.820
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-09-21 HOLD Hudbay Minerals Inc.
HBM-T
Nick Majendie

This is a good, long term hold. The company has been well-run. Expects we will get an acceleration in global growth as we go into the 1st half of next year, which will generally be good for commodities.


Price: $4.840
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2016-09-21 HOLD Just Energy Group
JE-T
Bruce Campbell (2)

Their last quarter had disappointing numbers on the number of customers they were adding. This is still a pretty attractive business. They are looking at new markets in the solar area as well as expansion to Europe. If you own, wait for a quarter or 2 for the numbers to start to improve, when he expects the stock will start to respond accordingly.


Price: $6.970
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-09-21 PAST TOP PICK Kinaxis Inc
KXS-T
Bruce Campbell (2)

(A Top Pick Sept 23/15. Up 53.91%.) Still likes this. They continue to execute, and if anything, they might be at an inflection point. However, valuation is really expensive so you need to manage your position. They are growing at 30%+ a year.


Price: $61.690
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-09-21 BUY on WEAKNESS Lucara Diamond Corp
LUC-T
Bruce Campbell (2)

A diamond miner, and it seems like the pipe they are mining right now continues to produce giant diamonds. Thinks they will continue to execute. Has a steady cash flow from mining normal diamonds, and then, every once in a while, they find a monster diamond, which is going to do great things for their cash flow. You can probably expect special dividends occasionally. A little volatile, so you can trade around it.


Price: $3.970
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-09-21 HOLD Magna Int'l. (A)
MG-T
Nick Majendie

This has had a huge recovery and has done a very good job. He would Hold, but wouldn’t Buy. There are some question marks with BREXIT and demand from the various factories in Europe. There is a little uncertainty.


Price: $53.510
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2016-09-21 TOP PICK Methanex Corp
MX-T
Nick Majendie

Thinks that this and methanol prices have bottomed out. The largest methanol producer globally. Good volume growth. Methanol prices have just increased a bit in North America. He is expecting good dividend growth and continued buybacks. The upside is decently significant.


Price: $39.690
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 PAST TOP PICK Nobilis Health Corp
NHC-T
Bruce Campbell (2)

(A Top Pick Sept 23/15. Down 37.88%.) A Short report came out last fall that really took the stock down hard. They have addressed all the issues, and now the stock is starting to move up. He trimmed his position when the report came out, and then started gradually adding back. Very attractively valued at 6X enterprise value to EBITDA. Expects they will continue to make acquisitions, as well as grow organically.


Price: $4.600
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-09-21 COMMENT Northwest Healthcare Property REIT
NWH.UN-T
Bruce Campbell (2)

(Market Call Minute.) Excellent management. A niche business in that they are growing in the healthcare space but have now focused outside of Canada, and are getting leased properties that have cap rates that you don’t really see in Canada. Being in a foreign market, currency is an obvious issue. If you own it, he expects you are going to get a nice distribution. Expect they will make acquisitions and grow.


Price: $10.500
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-09-21 PAST TOP PICK Peyto Exploration & Develop.
PEY-T
Nick Majendie

(A Top Pick Sept 25/15. Up 40.51%.) A very well-run company. The lowest cost natural gas producer in Canada. They produce in excess of 100,000 barrels a day. Extremely low cost and very well-run. This is a stock that you should own.


Price: $37.240
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 HOLD Patient Home Monitoring
PHM-X
Bruce Campbell (2)

Watching this fairly closely. They spent a lot of money making acquisitions, and then had to rationalize a lot of them to get costs down and revenues up. They ran into the reimbursement cut at the beginning of the calendar year, which was another headwind. It looks like a lot of that is behind them. Just announced they are going to split into 2 companies, and the stock responded quite favourably. It looks like a fairly positive move. One is going to be organic and yet there is going to be growth by acquisition. He wants to see the next quarter before doing anything.


Price: $0.185
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-09-21 STRONG BUY Pacific Insight Electronics
PIH-T
Bruce Campbell (2)

A company that he really likes. It is under the radar, and not too many people know about it. Recently had quite a price drop. There had been quite a bit of excitement when they had grown earnings by about 30% last year and the stock was trading at less than 10X earnings. On the most recent quarter, the numbers were down sequentially, quarter to quarter, but they were still great numbers which he liked, but the market didn’t. They supply LED lighting, to auto manufacturers, and the orders tend to be fairly lumpy. Trading at a super valuation.


Price: $10.310
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-09-21 COMMENT Prometic Life Sciences Inc.
PLI-T
Bruce Campbell (2)

A very interesting company. He originally looked at this for their manufacturing business, and since then the small molecule business has taken off, and now they have a lot of different drugs in the development pipeline. There should be a fair bit of news over the next 6-12 months. It can be pretty volatile, so he tends to trade it. If you are a longer-term investor, it is one that you can just tuck away and don’t worry about the volatility.


Price: $3.000
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-09-21 COMMENT Red Eagle Mining
RD-X
Bruce Campbell (2)

(Market Call Minute.) We should see them ramp up and start production fairly shortly. It is at the point now where the street is going to start to re-evaluate based on cash flow starting in the 1st part of 2017. It still looks super cheap when you look at where they are projecting they are going to be producing.


Price: $0.790
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-09-21 HOLD RioCan Real Estate Investment
REI.UN-T
Nick Majendie

There is a new category for REITs, which will broaden the appeal, so valuations may improve further. This is certainly a decent longer-term Buy.


Price: $27.480
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2016-09-21 HOLD Royal Bank
RY-T
Nick Majendie

Disappointed the street a little in the 2nd quarter, relative to the other banks, but that is a short-term thing. A very, very well-run bank. There acquisition of City National makes a lot of sense and will add value over time.


Price: $81.600
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 HOLD Savaria Corp
SIS-T
Bruce Campbell (2)

In mobility aids and aging demographics, and seems to be executing on all cylinders at this time. They increased the dividend and their earnings continue to go up. Valuation is getting a little expensive for him.


Price: $11.110
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2016-09-21 BUY Stantec Inc
STN-T
Nick Majendie

This has been a disappointing stock, however, it has become cheap. He has a short term one-year target of about $35. Had disappointing earnings in the oil/gas segment and the building segment to some degree, but thinks that will turn around. He really likes their MWH acquisition, which puts them in the water infrastructure business, and will allow them to have representative offices in several other key sectors of the world. Good management.


Price: $30.850
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2016-09-21 COMMENT Telus Corp
T-T
Nick Majendie

Fortis (FTS-T) versus Enbridge (ENB-T) versus Telus (T-T)? He has just come out with a new portfolio which has 13 infrastructure oriented stocks. All 3 of these are in that portfolio. The major reason is because of the predictability of dividends long-term and excellent management. He would call this a globally competitive infrastructure company. This and BCE (BCE-T) (#2) have been top-performing incumbent telcos globally since 2000. Mainly because of their strong CapX on telecom infrastructure. This company is going to be spending about $15 billion over the next 5 years. They’ve spent over $22 billion since 2000. BCE will be spending over $20 billion. Thinks the dividends will grow considerably.


Price: $42.730
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 COMMENT Telus Corp
T-T
Nick Majendie

A very well-run company. Had a bit of a stutter with their Alberta exposure, but the results have not been that bad. Big capital expenditure program and capital intensity is increasing as they invest in fibre to the home, and should pay big dividends over the next 5-10 years.


Price: $42.730
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-09-21 COMMENT Transalta Corp
TA-T
Nick Majendie

There is too much uncertainty about the Alberta policy vis-à-vis stranded assets, and what compensation they will or won’t get. Until that uncertainty is removed, he would be very careful.


Price: $6.030
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2016-09-21 HOLD Teck Resources Ltd. (B)
TCK.B-T
Nick Majendie

This has had a huge recovery. It has been a rough ride over the last couple of years. Management has done a very good job of improving the balance sheet and thinking the long-term. They have long life assets that are outstanding.


Price: $24.190
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2016-09-21 COMMENT Tourmaline Oil Corp
TOU-T
Bruce Campbell (2)

(Market Call Minute.) Awesome management team. For a high quality gas, it is one of ones to own in Canada.


Price: $35.410
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2016-09-21 TOP PICK Spin Master Corp
TOY-T
Bruce Campbell (2)

Toy producer. It continues to be super innovative. Has huge brand power. Have a number of relationships with different companies such as Star Wars games, Barbie games, etc. This has been growing phenomenally, both organically and by acquisition. Not super cheap, but growing at a phenomenal rate. Insiders own so much of the stock, the float is not very big, so it does tend to be a little volatile. If you can pick a day or week when it is selling down, you get a chance to get into the premier toy company out of Canada. At some point, the stock is probably going to get taken out.


Price: $30.200
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-09-21 TOP PICK Sleep Country Canada Holdings
ZZZ-T
Bruce Campbell (2)

The Dollarama for the next 5 years in that they are growing their store numbers. Their penetration for population base is not where they want it to be, but want to bring it down so that there are more stores per 100,000 people than there are right now. They continue to grow their sales. Have had 12 consecutive same-store sales growth. The last quarter was double digits, which is really unheard of. They are focusing on their sales process and on accessories. Accessories are higher margin than just the street mattresses. The stock is not cheap, so if you can get it when it pulls back, that would be a great time. Dividend yield of 1.75%.


Price: $30.990
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2016-09-20 N/A A Comment -- General Comments From an Expert
A Commentary
Tyler Mordy

Market. Feels secular stagnation is making a resurrection. Secular stagnation is an outgrowth of the great depression. During the Great Depression, everybody felt that economies were stuck in a slow growth mode for a long time, and would continue to weigh on the economy. However, there are different dynamics and history doesn’t really repeat itself. Central bankers and policymakers are going to fight it tooth and nail. Thinks the next wave is “helicopter money”, an important development and one that his firm is keeping an eye on for clients. This is direct spending by the central bank versus quantitative easing which is just buying government bonds that are already issued in the secondary market. Helicopter spending hasn’t been done since the 30s by the Bank of Japan.


Price: $0.020
Subject: ETF's
Bias: BULLISH
Owned: _N/A
2016-09-20 N/A A Comment -- General Comments From an Expert
A Commentary
Tyler Mordy

Infrastructure? There is a lobby group called The American Society of Engineers which are forecasting that between now and 2025, if the US doesn’t get its act together and spend on infrastructure there is about to be a $4 trillion loss due to lost sales, costs, etc. due to bad infrastructure. The incoming presidential incumbents certainly have the ammo to spend on infrastructure, and he views that is moving its way into the popular psych, and over the next few years expects we will see the return of fiscal stimulus.


Price: $0.020
Subject: ETF's
Bias: BULLISH
Owned: _N/A
2016-09-20 N/A A Comment -- General Comments From an Expert
A Commentary
Tyler Mordy

Emerging Markets. These have been trod on for the last 4 years, and investors have definitely been sour on that class. He tends to like the commodity importing countries such as India and China. Looking at the history of emerging markets, they tend to have big booms or big busts, either hot or they are not. Thinks emerging markets have bottomed and are tending to be a bit more resilient than developed markets.


Price: $0.020
Subject: ETF's
Bias: BULLISH
Owned: _N/A
2016-09-20 COMMENT A Comment -- General Comments From an Expert
A Commentary
Tyler Mordy

Healthcare through an ETF? Healthcare fits in with his theme of a post crisis financial environment. After a financial crisis, all industries that tend to be inventive or creative, tend to do incredibly well. That would apply to technology and healthcare. Biotech valuations have come down a little within the healthcare ETF’s due to Hillary Clinton’s policies. Feels healthcare in general is a good overweight. It is aligned with aging demographics and the post crisis financial environment. He likes the area in general and is overweight it in client’s portfolios.


Price: $0.020
Subject: ETF's
Bias: BULLISH
Owned: Yes
Showing 121 to 180 of 156,645 entries
<< < 1 2 3 4 5 > >>