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

Recent Opinions

Date Signal Company Expert Opinion Price
2014-10-17 N/A A Comment -- General Comments From an Expert
A Commentary
Eric Nuttall

Markets.  This is the best time in 5 years to buy energy stocks.  It is the best correction going back to 08/09.  It was not the speculative names, but the majors.  Physical demand for oil world wide remains strong.  You look at inventory spreads.  Demand is up over a million barrels a day, but financial demand for oil is very, very weak. These are people who do not expect delivery of the oil when they invest in the future.  There has been a trade to sell oil because it was strong.  This put enormous short term pressure on the price of oil.  It is thought that oil futures are grossly oversold.  US oil companies are massively outspending cash flow.  As the price hits $80 going up, their cap-X should respond.  Companies are now thinking about their 2015 spending plans.  This weak oil price is very much a self correcting oil price.  The opportunity is in Canadian oil companies and in the ones that have simply sold down with the market.


Price: $0.020
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: _N/A
2014-10-17 N/A A Comment -- General Comments From an Expert
A Commentary
James Hodgins

Markets.  He thinks this week has to do with the Fed unwinding QE.  Also, you are seeing numbers out of Europe, China and Japan that are quite worrying.  The US can implement QE without impacting the purchasing power of its currency, whereas Japan, when they did QE, created a tremendous weakness in the Yen.  Even grocery sales are down significantly.  It means the whole QE game globally is coming to an end.  We could see the Fed reverse their course, but does not think they will do that for credibility reasons.  There are record levels of debt in margin accounts, even compared to 2007.  Lighten up on risk assets and try to get diversified and not sensitive to broader market fundamentals.  Volatility is quite concerning to him.


Price: $0.020
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: _N/A
2014-10-17 SELL Altus Group
AIF-T
James Hodgins

He has been lightening up.  The big decline in energy services impacts this one.  He does not see a lot of positive change for this company.  He has a small position that he is looking to exit.


Price: $20.250
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 PAST TOP PICK Athabaska Oil Sands Corp
ATH-T
Eric Nuttall

(Top Pick Sep 25/13, Down 38.25%) He got out in the mid $7s.  They settled with first nations.  The challenge now is the indiscriminant selling in the energy market and which ones to buy.


Price: $4.350
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-10-17 DON'T BUY Bonavista Energy Corp
BNP-T
Eric Nuttall

Great team, but on his uninvestible list because of their debt.


Price: $11.450
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-10-17 DON'T BUY Calfrac Well Services Ltd
CFW-T
Eric Nuttall

He has eliminated all his service exposure except for two companies, two days ago.  CFW-T’s margin expansion will not happen and budgets will not be as aggressive as they would have been two months ago.  The whole thesis for buying these names has evaporated. Prefers producers who have hedging.


Price: $13.550
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-10-17 BUY Cardinal Energy Ltd
CJ-T
Eric Nuttall

It is a good buy although it does not trade enough for him to get into it.  Their decline rates are amongst the lowest in the business.  The yield is a little low.  It does well in terms of capital appreciation.  It is a good name.


Price: $17.100
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-10-17 HOLD Crescent Point Energy Corp
CPG-T
Eric Nuttall

120% payout ratio with low oil prices.  But their cash flow sensitivity is not that related to the oil price.  The dividend is safe. 


Price: $37.680
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Unknown
2014-10-17 DON'T BUY Crescent Point Energy Corp
CPG-T
James Hodgins

Dividend stability depends on the price of oil.  If oil falls, he thinks either cap X or the dividend will have to be cut.  Does not like names with relatively high debt that attract investors with the yield.


Price: $37.680
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Unknown
2014-10-17 DON'T BUY DHX Media
DHX.B-T
James Hodgins

It is relatively expensive.  It is similar to Chorus now.  They just restructured the shares due to a CRTC requirement.  It does not have an impact on the company.


Price: $8.680
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Unknown
2014-10-17 BUY DeeThree Exploration
DTX-T
Eric Nuttall

Rock solid balance sheet and wells are getting better year after year.


Price: $7.050
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Unknown
2014-10-17 PAST TOP PICK DragonWave Inc.
DWI-T
James Hodgins

(Top Pick Sept 30/13, Down 41.87%) The build-out never really happened.  The structure of the financing was so dilutive in the end.  It paid investors in the deal to sell the shares.


Price: $1.200
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: No
2014-10-17 WAIT Guestlogix
GXI-T
James Hodgins

Airlines are their biggest customers, whose stocks are down due to the Ebola virus.  They have 80% market share.  They have had 20 new deployments this year.  He does not expect a major uptick this quarter, but next quarter and into next year.  Revenues could be up 40%.


Price: $0.930
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Unknown
2014-10-17 BUY Ikkuma Resources
IKM-X
Eric Nuttall

Was buying this stock this morning.  Was a past pick a month and a half ago.  This is an opportunity.


Price: $1.740
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
2014-10-17 TOP PICK Ikkuma Resources
IKM-X
James Hodgins

They did a share consolidation.  It is trading ridiculously cheap here.  TD is estimating 80 cents of cash flow next year.  Great balance sheet and good growth.


Price: $1.740
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 PAST TOP PICK Legacy Oil and Gas Inc.
LEG-T
Eric Nuttall

(Top Pick Sep 25/13, Down 22%) He switched out this week after management issued themselves another 900k of performance units.  It is a name where they did a great job of reducing leverage.  He does not know what they have to do to gain investor traction.


Price: $4.950
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-10-17 DON'T BUY Long Run Exploration
LRE-T
Eric Nuttall

120% payout ratio.  They could dial back Cap-X spending.  The price of oil would have to stay back for a couple of years in order to cause a dividend cut.


Price: $3.570
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Unknown
2014-10-17 SELL Lightstream Resources
LTS-T
Eric Nuttall

Not a prime takeover candidate, payout ratio of 155%. He would not own this one.


Price: $3.940
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Unknown
2014-10-17 SELL Lightstream Resources
LTS-T
James Hodgins

He has been short for a long time.  When they have a lot of leverage or are higher on the cost curve, they are sensitive to weak oil prices.  He thinks they will be in a lot of trouble if oil stays low.  The dividend is a big warning sign and is not sustainable.  If oil prices rallied, the stock might do fine.


Price: $3.940
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 TOP PICK Merus Labs International
MSL-T
James Hodgins

(Top Pick Sept 30/13, Up 5.71%) The new CEO is better than the prior.  They have expanded the drug base to 3 in the portfolio.  The new CEO will be much more aggressive at growing the portfolio of drugs from 3 to 6 next year to 12 the following year.  It is ridiculously cheap.Thinks you will see a double in the next while.


Price: $1.480
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 PAST TOP PICK Neulion
NLN-T
James Hodgins

(Top Pick Sept 30/13, Up 104.00%) Rogers is using them, as is BNN.  Thinks you will see more deals like this with sports leagues. 


Price: $1.000
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 BUY Patient Home Monitoring
PHM-X
James Hodgins

Business is great.  They have been very successful in cross selling and creating organic growth.  He holds both their debt and their equity.


Price: $0.425
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 DON'T BUY Pine Cliff Energy
PNE-X
Eric Nuttall

They can still have some element of free cash flow.  He has no idea if this will be a cold winter.  He prefers oil.


Price: $1.560
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-10-17 BUY Parex Resources Inc.
PXT-T
James Hodgins

Relatively low cost, high return on capital and lots of growth prospects. 


Price: $10.750
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 SELL BlackPearl Resources Inc
PXX-T
Eric Nuttall

This is a heavy oil producer and the differential is very small.  Their project, however, requires massive funding.  There are such great opportunities in businesses that are fully funded.  Move money into his top picks today.


Price: $1.730
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Unknown
2014-10-17 WAIT Redknee Solutions
RKN-T
James Hodgins

He has been short for a while.  He thought they would have integration problems when they bought a company 8 times their size, which was shrinking.  It is getting to levels where he is considering covering his shorts.


Price: $3.560
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 TOP PICK The Score Inc.
SCR-X
James Hodgins

The application for the phone is just so slick.  People also check the app for movement in the odds.  Their growth is accelerating.  Up 151% year over year.  They are just getting to the point where the size of audience is starting to kick in to attract very big advertisers.


Price: $0.350
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 TOP PICK Spartan Energy Corp
SPE-T
Eric Nuttall

Best prospects of any North American oil company.  This is part of a flight to quality.  They have so little debt.  They have a seven year inventory of wells.  There is a possibility they could be a full year ahead of their production success. Can grow cash flow at 29%.  They could massively surprise to the upside if the remainder of their drilling program come in as expected.  Strong balance sheet.


Price: $3.180
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
2014-10-17 SELL Spot Coffee
SPP-X
James Hodgins

Very speculative.  They changed to a franchise model.  Now they are just in upstate New York and Pennsylvania.  They are having some success here.


Price: $0.040
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Unknown
2014-10-17 SELL Sandvine Corp.
SVC-T
James Hodgins

He sold back in the early summer when the FCC opened comments for net neutrality rules.  The opinions coming back were quite negative for SVC-T.  They would address the case where carriers would want to identify certain packets and give them a higher priority, e.g. Netflix, where they would cut a deal with them.


Price: $2.790
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: No
2014-10-17 WAIT Symbility Solutions
SY-X
James Hodgins

He sold at the end of last year when they lost their biggest customer.  That customer has an agreement to the end of the year and following that the stock may drop to levels where one should get in.


Price: $0.290
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Unknown
2014-10-17 HOLD Twin Butte Energy
TBE-T
Eric Nuttall

Management ran into sharp objects last year.  They then had decline rate issues. The dividend is safe.  Collect the 13% yield and wait for it to go back up.


Price: $1.530
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Unknown
2014-10-17 HOLD Trinidad Drilling Ltd
TDG-T
Eric Nuttall

Sold it from his funds yesterday and today.  There is nothing specific about the company.  There is going to slack in the drilling and pressure pumping businesses.  The balance sheet is fine, but the trade is dead at this time.


Price: $7.500
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Unknown
2014-10-17 DON'T BUY Tekmira Pharmaceuticals
TKM-T
James Hodgins

It is up a lot, but it is just so speculative.  It is not his cup of tea.  If the outbreak of Ebola starts to come under control, then this stock should decline back down.


Price: $24.600
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Unknown
2014-10-17 TOP PICK Torc Oil & Gas Ltd
TOG-T
Eric Nuttall

(Top Pick Sep 25/13, Up 46.03%) He bought last week. Nothing has changed fundamentally except for the recent correction.  This is the one in the list of most safe.  Clean balance sheet and plenty of plays.  Management team owns a lot of the company and can surprise to the upside.  They have not bought a lot of other assets. but if share price goes up they could do some wildly accretive acquisitions.  A light oil name.  Was buying two to three days ago.


Price: $11.500
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
2014-10-17 HOLD Tourmaline Oil Corp
TOU-T
Eric Nuttall

Sold a week ago, but nothing to do with the company, but taking a bear position in natural gas.  Prefers Seven Generations.  Hold if you are bullish on Nat Gas.


Price: $46.010
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-10-17 SELL Temple Hotels
TPH-T
James Hodgins

The stock really got creamed.  He is short this one.  Once projects start to slow in the oil sands, the need for the accommodations declines.


Price: $4.520
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 HOLD Vecima Networks Inc.
VCM-T
James Hodgins

Sell networking equipment.  The core business has not been great this year, but they are unlocking value with hidden assets like real estate and some wireless spectrum that they are selling off.  It is not expensive.


Price: $7.800
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-17 DON'T BUY Vogogo Inc.
VGO-X
James Hodgins

A compliance platform for bit coin processing.  He sold.  It is the only bit coin play that is publicly traded and so the valuation is way ahead of the fundamentals.  He is skeptical of the concept.


Price: $3.020
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: No
2014-10-17 TOP PICK Whitecap Resources
WCP-T
Eric Nuttall

Will see some early money.  Dividend is one of the most sustainable dividends.  At $80 oil can grow production by 15%.  Their balance sheet is very under levered.  They have low decline.  They can bring on production very efficiently.  CEO and directors are buying stock actively.


Price: $14.890
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
2014-10-16 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Missaghie

Markets.  REITs have held up well in this market downturn.  The 10 year bond in the US fell 60-70% this year when people thought it would go up.  REIT fundamentals continue to be strong: above average free cash flow growth from occupancy increases, rent increases, interest savings on refinancing, acquisitions and development.  We saw a number of things that derailed global growth projections.  The US recovery will remain, but it will be a slow recovery.  We have an environment right now where the economy is improving, but rates are not rising.  Occupancy increases don’t happen overnight.


Price: $0.020
Subject: REIT's
Bias: OPTIMISTIC
Owned: _N/A
2014-10-16 N/A A Comment -- General Comments From an Expert
A Commentary
Stan Wong

Markets. Seeing 10% declines on the TSX was a bit of a surprise. The S&P didn’t quite get to the 10% mark. October is often a month characterized by market declines, but also characterized by market reversals as well, so we may see that this month. We have an alphabet soup of different problems. We have Ebola, China, Europe, Isis, the Fed, etc. There are a lot of issues, a lot of concerns, a lot of problems and worries in the market, but when something starts to go right, the market starts to reverse upward. If you look at the fundamentals, the economy globally and the US are still moving forward. There are some question marks as to whether we are seeing some stalling in Europe and in China, but it is still moving forward. The bull market is still alive. You want to take advantage of these opportunities, and use any cash that you have built up, and put it back to work.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: _N/A
2014-10-16 HOLD Apple
AAPL-Q
Stan Wong

Trading at about 15X near market valuations, but better than the market growth rate. Still a pretty good name. Trading at under 1.0 PEG ratio, which is pretty cheap. Thinks the valuations are getting more normalized at this point.


Price: $96.260
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2014-10-16 DON'T BUY Amica Mature Lifestyles
ACC-T
Michael Missaghie

Seniors housing.  Leverage is seen as too high by the street (65%).  Payout is safe at around 85%.  They have to deal with the leverage.


Price: $6.940
Subject: REIT's
Bias: OPTIMISTIC
Owned: Unknown
2014-10-16 DON'T BUY Agrium
AGU-T
Stan Wong

He is pretty neutral on this particular space. Thinks the US farmer is quite mature at this point, in terms of their spending patterns. We have seen earnings estimates fall a bit and level off somewhat. He would look at other sectors.


Price: $93.990
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2014-10-16 BUY American Homes 4 Rent
AMH-N
Michael Missaghie

Largest single family home rental owner in the US.  Assets across the country.  They have an operating platform to manage single family rental homes and he likes it for this reason.  Thinks you will see consolidation over the next few years.


Price: $16.760
Subject: REIT's
Bias: OPTIMISTIC
Owned: Unknown
2014-10-16 TOP PICK Artis Real Estate Investment Trust
AX.UN-T
Michael Missaghie

Large proportion (20%) of their assets are in the US and the rest in the four western Canadian provinces.  Took advantage of very open capital markets to grow its portfolio on the asset side accretively.  They brought down the payout ratio and the leverage.  The distribution is over 7%.  Thinks the NAV is approximately $17.


Price: $15.130
Subject: REIT's
Bias: OPTIMISTIC
Owned: Yes
2014-10-16 COMMENT Bank of America
BAC-N
Stan Wong

He likes the US financials in general and he likes this bank. Has been focusing more closely on some of the US regional banks such as Wells Fargo (WFC-N). He doesn’t know if he has a favourite, but you might want to start watching out for some of the multinational names because of the US$ advancing so much.


Price: $16.080
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2014-10-16 PAST TOP PICK Bank of Nova Scotia
BNS-T
Stan Wong

(A Top Pick October 17/13. Up 12.5%.) This gives you a 4% yield with a growing dividend profile. More international than the other Canadian banks. Long-term he expects you will see a ton of growth from those areas.


Price: $65.860
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2014-10-16 DON'T BUY Brookfield Property Partners
BPY.UN-T
Michael Missaghie

Real estate arm for Brookfield asset family.  Office properties.  It continues to trade at a discount.  They are trying to make it their global real estate entity and to diversify the portfolio.  He used to own it, but exited as it went up.  Prefers BAM-T.


Price: $23.800
Subject: REIT's
Bias: OPTIMISTIC
Owned: No
2014-10-16 BUY Baytex Energy Corp
BTE-T
Stan Wong

Baytex Energy (BTE-T) or Suncor (SU-T)? Certainly 2 very different names. This one gives you an 8% yield while you don’t get that at Suncor. For yield hunters, this is one that he would look at. He actually likes and owns both names, and they are both fine. You are probably getting a little bit more leverage in terms of the movement in oil price relative to the stock price with this, where Suncor might be a little bit steadier being in the oil Sands space.


Price: $35.270
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2014-10-16 BUY Canadian Natural Rsrcs
CNQ-T
Stan Wong

This stock was definitely oversold. The dominant name in Western Canada with additional operations in the North sea and Africa. Extremely well managed. Solid property and good acquisitions. Low cost of production. Cash flow is the key for this company. He would own this for the long-term. 2.7% dividend that will grow.


Price: $37.570
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2014-10-16 BUY Canadian National R.R.
CNR-T
Stan Wong

Likes both Canadian National (CNR-T) and Canadian Pacific (CP-T), but prefers CP a little better. Feels the growth metrics for it are a little bit stronger and valuations are a little cheaper when looking at a PEG ratio analysis. Given the fact that they have both sold off quite a bit, especially this one, he would be a buyer. These are good entry points.


Price: $71.900
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2014-10-16 BUY Canadian Pacific Rail
CP-T
Stan Wong

Likes both Canadian National (CNR-T) and Canadian Pacific (CP-T), but prefers this a little better. Feels the growth metrics for this are a little bit stronger and valuations are a little cheaper when looking at a PEG ratio analysis. Given the fact that they have both sold off quite a bit, especially CNR, he would be a buyer. These are good entry points.


Price: $218.120
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2014-10-16 HOLD Crescent Point Energy Corp
CPG-T
Stan Wong

You do not want to sell these names at this point. This one is giving you a 7.5% yield. In fact he has been looking at buying some of these names.


Price: $36.800
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2014-10-16 WEAK BUY Crombie Real Estate Investment Trust
CRR.UN-T
Michael Missaghie

Sobeys is the largest tenant.  Over the last few years they grew outside of their Atlantic Canada focus.  They also tried to improve their payout ratio and leverage.  He would like it lower, however.  But they substantially improved their asset quality and they diversified outside of the Atlantic region.  The free cash flow growth still does not screen as well as others.


Price: $12.770
Subject: REIT's
Bias: OPTIMISTIC
Owned: Unknown
2014-10-16 COMMENT CT Real Estate Invest Trust
CRT.UN-T
Michael Missaghie

Canadian Tire.  Predominantly leased by Canadian Tire.  Continues to be held 80% by Canadian Tire Corp.  A sustainable distribution ratio of about 90%.  If you look at single tenant REITs, the growth is not as good as a more diversified REIT.  They should get 3% AFFO growth.  If they developed on their redevelopment acquisitions it could be more.  Lease terms are 8-9 years so there is not a lot of risk to their cash flows.  But after that things could change.


Price: $10.990
Subject: REIT's
Bias: OPTIMISTIC
Owned: Unknown
2014-10-16 TOP PICK CVS Health
CVS-N
Stan Wong

Feels it is important to stick with names that have high US revenues, and this one has 100% of its revenues from the US. The largest healthcare provider in the US. They are going to benefit from an aging US population, an increase in generic drugs and an increase in growth in specialty prescription drugs. Trading at 17X Forward Earnings and has a 14%-15% growth rate. A pretty cheap 1.2%X PEG ratio relative to the other consumer staple names.


Price: $78.810
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2014-10-16 BUY Calloway REIT
CWT.UN-T
Michael Missaghie

Trading at a larger discount to NAV than REI.UN-T.  But you get a slightly lower growth.  Sustainable payout ratio as well as a sustainable leverage.  99% occupancy level with Wal-Mart stores as tenants.  Will grow free cash flow at a higher level than in the past since new CEO came in and is looking to provide value for investors.


Price: $26.200
Subject: REIT's
Bias: OPTIMISTIC
Owned: Yes
2014-10-16 HOLD Dream Office REIT
D.UN-T
Michael Missaghie

Office assets across Canada.  Has been in a range because sentiment around the office sector is very poor right now.  There is supply coming on in both Toronto and Calgary and the market fears lower rents and lower occupancies.  It is trading at a 10% discount to net asset value. 


Price: $27.390
Subject: REIT's
Bias: OPTIMISTIC
Owned: Unknown
Showing 121 to 180 of 133,159 entries