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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
2015-07-03 TOP PICK iShares US Healthcare E.T.F.
IYH-N
Mike S. Newton, CIM FCSI

A sleeping giant that he has had in his portfolio for a long time. He recommends that you read Byron Wien’s piece about innovation, biotech, healthcare. This ETF has great holdings. 40% exposure to pharmaceuticals, 25% exposure to the biotech sector, a well-rounded portfolio of names. In the past, these names have been thought of as a defensive kind of positioning, but feels they have slowly moved into the growthy areas of the markets, with huge innovations in medical and biotech. In a rising rate environment, if you are looking for something that is defensive but participates with a bit of growth, this might be a really attractive place to hide out.


Price: $159.490
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2015-07-03 COMMENT Mettrum Health Corp
MT-X
Bruce Campbell (2)

The medical marijuana space is very interesting. Most of these companies came out a year ago, and there were lots and lots of excitement around them. Then investors started realizing it wasn’t panning out as fast as expected, so the stocks drifted down. He has very, very small positions in this one, Organigram (OGI-X) and Afria (?). Has spread this around because he is not very sure at this time who is going to be the leader and who is not. Still too early. He would not invest in just one company, but would take a basket approach.


Price: $1.570
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT Netflix Inc.
NFLX-Q
Mike S. Newton, CIM FCSI

This is really attractive and he regrets not being in it. This is moving into 150 countries with their streaming. He continues to see this as being a great investment for a very long time.


Price: $658.310
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT Neulion
NLN-T
Bruce Campbell (2)

This is considered as a good growth stock. They take the video from a lot of the sports leagues such as the NHL. They take all the data from the games, compress it and then send it into different formats so that we can watch it on our mobile devices. There is a lot of growth in this area, not only from sports, but from the TV Everywhere. Most cable companies are now rolling out some sort of TV Anywhere package. At this point the company is a North American story, but he thinks it will grow into a global one as they discover and work with more broadcasters. Recently acquired DivX, which adds to their platform. Feels they have a very strong future ahead of them. Wouldn’t be surprised if they got acquired at some time.


Price: $1.560
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT NYX Gaming Group Ltd
NYX-X
Bruce Campbell (2)

This and Intertain Group (IT-T) were spun out of Amaya Gaming (AYA-T), and he owns both. He really likes this. Thinks there is tremendous amount of growth ahead of them. This company supplies all of the content to gaming companies. Recently announced an acquisition of the Cryptologic assets from Amaya. Their specialty is building the games and getting the gaming companies to really market the games. This generates cash flow for them. They have to figure out how they are paying for those assets. Recently announced a bought deal financing, which he participated in. They’ll also see a debt packet that comes out at some time. Once that is closed and all finalized, then he thinks it is business as usual. Expects this will grow over the next few years. This is a way to participate in Amaya’s expansion into the Sports Book and casino games, without actually owning Amaya.


Price: $4.150
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT Pfizer Inc
PFE-N
Mike S. Newton, CIM FCSI

This is one that he owns and hopes to own for the foreseeable future. From 2000 to 2010, this name went absolutely nowhere, but finally started moving in 2011. (See Top Picks.)


Price: $33.370
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2015-07-03 PAST TOP PICK Patient Home Monitoring
PHM-X
Bruce Campbell (2)

(A Top Pick July 30/14. Up 348.48%.) Have announced some monster deals such as Southeast in Louisiana. The growth rate has really ramped up, but with the market being choppy in the last few weeks, it hasn’t done too much. They continue to move their earnings up and guide their numbers up. A year ago they were talking $50-$75 million in revenue, with 25%-30% of that being EBITDA. Now they are saying they are going to exit this year at $200 million without any organic growth or any more acquisitions, and the same kind of earnings multiple to their EBITDA.


Price: $1.470
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT Prometic Life Sciences Inc.
PLI-T
Bruce Campbell (2)

Owned this in the past. It broke down in the technical part of his process, so he sold it at around $2.50. Business itself is one that looks very strong. Going out to the end of this year is a little bit too short for him to be able to tell, but over the next few years there are a lot of opportunities. Have 2 really interesting businesses including manufacturing, basically taking blood and stripping out the different products, which are used in many different drug companies. This will ramp up over the next few years. Have also come up with a number of different indications for different orphan products and orphan drugs. He considers this as the lottery ticket side. Thinks it will trade higher over the next few years.


Price: $2.310
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 WAIT Pembina Pipeline Corp
PPL-T
Mike S. Newton, CIM FCSI

Just increased their dividend and their ability to pay the dividend is still in good shape. Got stopped out in the fall, but is probably a name he will come back into. He would be looking at this more towards the fall after we get through these macro issues with Greece and the possible rate hike.


Price: $40.450
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT RBC Quant European Dividend Leaders ETF
RHP-T
Mike S. Newton, CIM FCSI

For diversification of a conservative investors portfolio? He would have no problem in owning this and is happy for any Canadian to try to get out of the Canadian market and diversify.


Price: $21.830
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 HOLD TheScore Inc.
SCR-X
Bruce Campbell (2)

Owned this in the past, but started seeing it breaking down in his technical process. From a business standpoint he thinks everything is going along nicely. It is more a fundamental market issue then a fundamental business issue. They are just getting into the electronics gaming where people watch video games as a sport, which is becoming a huge market. Over the next year or 2, he thinks that business will be bigger and the company will probably eventually end up selling it. They did this with their television network and will probably do it with this one.


Price: $0.620
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 COMMENT Sensio Technologies Inc.
SIO-X
Bruce Campbell (2)

They have taken a while to get everything solidified and in place, and he thinks that now the stars are really starting to align. There are more and more movies that are being made into 3-D, which will be important for them. Have signed on the big TV manufacturers. At the end of this year, once they have Samsung and LG signed up, they’ll have over 80% of the addressable market share to use their product, the 3DGO app. This is a product similar to Netflix, but for 3-D movies. This is really starting to ramp up. This is their quieter quarter, but going into the fall, we’ll start to see the number of users ramp up. Also, seeing them add a number of different movie studios, which means that not only will the users ramp up, but the amount of movies those users watch will ramp up too. Thinks they will become profitable in the next 12 months and you’ll really see the numbers ramp up. His guess is that they will get taken out. Stock is pretty cheap if you are prepared to hold it for 12-18 months.


Price: $0.220
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-03 PAST TOP PICK Striker Exploration Corp
SKX-X
Bruce Campbell (2)

(A Top Pick July 30/14. Down 82.7%.) Still believes in the company. The market has not been kind to it, but the energy price environment has been. When they first came out, they were having a tough time finding anything to buy because everything was so expensive, but now some of the companies are getting rid of their non-core areas and they have been able to make a couple of nice acquisitions. If you are patient, you should continue to do fairly well on this. Sold his holdings for tax reasons, but is looking to re-enter as some time.


Price: $2.060
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 COMMENT SLYCE Inc.
SLC-X
Bruce Campbell (2)

Has a visual recognition technology that allows your smart phone to take a picture of an item. It will immediately search the item in the database and pull up a place where you can buy it. If you are a retailer that has signed on with the company, it will take the individual to your website and show them either a similar or the exact product. The business model is based on revenue coming from different sources. 1) Signing the initial contract, 2) on a per picture basis, and 3) as people purchase things. They are getting a lot of traction. Have signed up some big Fortune 500 companies. Toys “R” Us is one of their clients as well as Home Depot and Neiman Marcus. Stock price has not done very well of late. There was a recent financing and the price pulled back. Feels the market is waiting to see the next announcement, and where it goes from burning cash to generating some cash flow and earnings. Fairly attractive price right now, but probably looking at 12-18 months before they have earnings.


Price: $0.500
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-03 COMMENT Large Cap Bear 3X Shares
SPXS-N
Mike S. Newton, CIM FCSI

If the Greeks vote No there is going to be absolute pandemonium next week, for the short-term. If they vote Yes, the Greeks won’t have any government or any money and there will be total pandemonium also. Using a Long Call gives him 60 to 1 leverage. Good strategy? He has looked and played in some triple leveraged ETF’s in an aggressive portfolio. If you do some probability analysis, and have the right amount of exposure to this ETF, and willing to take a 25% loss on it on Monday. His short answer is No, he hasn’t done anything like this, but understands where you are coming from. If the position size is good, why not take a shot at it.


Price: $18.550
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 WEAK BUY Student Transport of America Ltd.
STB-T
Bruce Campbell (2)

(Market Call Minute.) Stock has been selling off and the dividend is pretty high, so you wonder if it is going to get cut at some point. He is watching this and can’t figure out why the market isn’t liking it. He would hold off until there was a little more clarity.


Price: $5.680
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-03 TOP PICK Constellation Brands Inc
STZ-N
Mike S. Newton, CIM FCSI

Reported earnings on July 1 which were phenomenal. They continue to reap the benefits of their acquisition of Crown Import. A great global name. They are still making a lot of money in the beer sales, which is their real growth. Dividend yield of 1.06%.


Price: $117.090
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Yes
2015-07-03 COMMENT Suncor Energy Inc
SU-T
Mike S. Newton, CIM FCSI

Owned this for a period of time and did well on it about 18 months to 6 months ago, and then got stopped out. Finds this energy space really frustrating.


Price: $34.600
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT Sandvine Corp.
SVC-T
Bruce Campbell (2)

(Market Call Minute.) An interesting area. Over the years he thinks it will probably continue to grow. They tend to be very lumpy with their quarters. If you can pick it up after a bad quarter and then sell it after a good quarter, you will probably do fairly well.


Price: $3.690
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 BUY Vogogo Inc.
VGO-X
Bruce Campbell (2)

From a business standpoint everything has gone exactly as he expected. Recently announced they had signed on Kraken, one of the big global exchanges, and are going to start to do the processing for Canada. This has taken a bit longer than he had expected. Because of their financing and the weak stock market, the stock has sold down. If you are nervous you could probably sell your position, but if you are looking at it from a longer-term perspective, now is a great entry point. This is going to be one where all of a sudden they start processing. They’ll have a one month period where they are not making any money and the next month will be in the black and growing their business on a cash flow and earnings standpoint.


Price: $1.940
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-03 COMMENT Valeant Pharmaceuticals
VRX-T
Bruce Campbell (2)

He thinks this is going to continue along the path they have. Obviously their deals have to get larger and larger as they go along. In his process, this company ranks very well, but from the technical side of things he is starting to see some of the healthcare names lose a little bit of the wind from their backs. If you own, you could probably Sell it here and buy it back cheaper. If you are a long-term investor, he would just Hold.


Price: $287.800
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-03 COMMENT Vanguard FTSE All-World ex Canada
VXC-T
Mike S. Newton, CIM FCSI

He would urge anybody to try to get more money out of Canada. Thinks people are woefully over invested in our domestic economy. This has a great MER of about 25 basis points, but keep in mind that this has close to 3000 names in it. It is the most passive you could possibly buy. It’s up 10% year-to-date, outperforming both US and Canadian markets. You have to be fully committed to investing in something like this, because there is no protection on the downside. If you are going to buy this, you should have a time horizon of 5 years or more.


Price: $29.770
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 PAST TOP PICK WesternOne Inc
WEQ-T
Mike S. Newton, CIM FCSI

(A Top Pick August 13/14. Down 19.71%.) Portable accommodations for mining camps. Got caught in a whole series of events and got stopped out at $7.80.


Price: $0.680
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT First Asset MorningStar Canada Momentum Index
WXM-T
Mike S. Newton, CIM FCSI

Has owned this off and on for some time. It allows you to own 30 names in the Canadian space that are exhibiting price momentum. It looks at names that are not only doing well on an earnings surprise level, but the price is also moving in the right direction. They rebalance it to kick names out to make room for names that are replacing them. As a warning, if this had existed in 2008, you probably would have been down 40%.


Price: $15.890
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: No
2015-07-03 COMMENT Canadian Satellite Radio
XSR-T
Bruce Campbell (2)

(Market Call Minute.) A very steady business with a nice little dividend. More and more vehicles are being equipped with the Sirius satellite radios, so their user base will continue to grow and they’ll get great cash flow. Dividend yield of 8%.


Price: $5.290
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-03 COMMENT BMO International Dividend
ZDI-T
Mike S. Newton, CIM FCSI

The issue he has is to be very careful with the dividend story, at least in the short term. Over 10 years you are going to be perfectly fine owning something like this, but in the short term with rates rising, the hunt for yield is going to get impacted, somewhat negatively.


Price: $20.950
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 BUY BMO Equal Weight US Banks Hedged to CAD ETF
ZUB-T
Mike S. Newton, CIM FCSI

Thinks US banks, after 13-14 years of consolidating, are really attractive here. There is no doubt in his mind that he would want to be playing this. Although he thinks the US$ strengthens against the Cdn$, it feels like it is getting into the later innings. Hedging the Cdn$ is not a bad idea. This ETF is a great play on that.


Price: $21.770
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-03 COMMENT BMO Covered Call Cdn Banks ETF
ZWB-T
Mike S. Newton, CIM FCSI

He traditionally has not been a fan of the Covered Call strategy. Year-to-date this is down 5% with a yield of 5.4%. You can get the Canadian banks with their full upside potential, and still get a yield of about 4%. He would be more inclined to just own the Canadian banks straight up. His 2 favourites are Royal (RY-T) and Bank of Nova Scotia (BNS-T) and TD (TD-T) would be third.


Price: $16.200
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 N/A A Comment -- General Comments From an Expert
A Commentary
David Baskin

Markets.  Canadian GDP was wretched.  People talk about a possible recession, although he does not feel we will have one.  The growth for the year looks very mediocre.  Any chance of increasing rates has gone out the window.  Rates may even be cut.  There is no fiscal stimulus because the federal government is trying to balance budgets.  He invests in stocks not stock markets.  He asks how each company will fair in this kind of economy.  He picks the sectors and then the companies within those sectors.  He is focusing a lot on the US because their growth will be considerably better than Canada.  In Canada the financial sector is greatly oversold, however.  He is 40% US and heading to 50%.  He thinks the Canadian dollar will tend toward $0.75 this year.  Executives are leaving Sears because they don’t see many prospects.  3 CEOs in 27 months.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: _N/A
2015-07-02 BUY A Comment -- General Comments From an Expert
A Commentary
David Baskin

Big Banks.  He hears that a lot of American hedge funds have been shorting Canadian Banks in the expectation of being hit with mortgage defaults and the effects of the oil patch.  His research satisfied him that they are not in any risk of damage to their mortgage books.  Debt service ratios are at record lows because interest rates are so low.  House prices could fall 30% before banks would be at any risk of trouble.  The Canadian banks have no worries in this regard.  The major oil companies are not going to dry up and go away so again there is no risk to the banks.  There are pretty good opportunities to buy all of them.  BNS-T is oversold the most.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 PARTIAL BUY A Comment -- General Comments From an Expert
A Commentary
Andy Nasr

Markets. One of the bigger overriding stories continues to be the divergences of what Central Banks are expected to do. There is a slowdown in emerging market growth. China is trying to stimulate their economy. Europe has a potential negative impact if Greece exits the euro zone. The Canadian economy is relatively stagnant and yet the US economy looks like it is improving quite significantly, to the point where they are going to have to increase rates. That really does create opportunities in different parts of the world, especially if you are an equity investor, or even a fixed income investor. He continues to think that the best risk adjusted returns are in developed markets like the US. Canada should ultimately be fine if commodity prices strengthen a little bit. Even in Europe, if you ignore the potential impact of Greece exiting, he expects there will be a big increase in corporate profitability largely due to a lower euro, low interest rates, low oil prices, all of which will contribute to a gradual improvement in the economy.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: _N/A
2015-07-02 COMMENT A Comment -- General Comments From an Expert
A Commentary
Andy Nasr

Income products. Still thinks you can find value in dividend stocks. If you look at the performance of some of the dividend oriented sectors like REITs and utilities, they have been amongst the worst performers in the US this year, which is really creating a buying opportunity for longer-term oriented investors. In the real estate sector assets are at a significant discount to replacement value. Locking in single digit yields you should be able to make a lot of money as the economy improves because cash flows will go up.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 BUY Apple
AAPL-Q
David Baskin

He does not think the Apple watch is the be all and end all. The last iPhone release was successful.  He thinks Apple music will make incremental revenue.  11 times earnings.


Price: $126.440
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 COMMENT AGF Management (B)
AGF.B-T
Andy Nasr

Looking at all the asset managers, this is the one that he is least optimistic about their prospects. These have come under a lot of scrutiny and pressure. In order to improve performance, the company has taken on additional expenses, so you are seeing the revenue decline and expenses go up. It is very likely that their AEM continues to shrink.


Price: $5.930
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 COMMENT Altagas Ltd
ALA-T
Andy Nasr

People don’t appreciate how much their business is going to change in the next 2-3 years. They have very significant “run of river” power generation assets that are going to significantly affect an increase in cash flow and operating profit. Those “run of river” assets are secured by 25 year power purchase agreements that are indexed to inflation, so there is very little commodity risk. The commodity risks that exist are going to decline significantly. Part of the reason the stock has been punished versus some of the other names, is that it tends to be perceived as having more commodity price exposure, and he doesn’t think that is the case.


Price: $38.820
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 DON'T BUY Aecon Group Inc
ARE-T
David Baskin

Disappointing earnings.  People thought as it grew it would have made a lot more money.


Price: $12.360
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-07-02 HOLD Artis Real Estate Investment Trust
AX.UN-T
Andy Nasr

Payout ratio is below 100% and the balance sheet is in really good shape. They have internalized management. Have some US exposure, which is about 20% of their net operating income, which should offset some of the weakness that we are seeing. He would be comfortable in picking it up here. Dividend is rock solid.


Price: $13.550
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 BUY Bank of America
BAC-N
Andy Nasr

You could see a bit of a pullback in the share price, just because the 2nd quarter earnings might not be all that great. This should be a $21-$22 stock price 18-24 months out. You are going to continue to see management focus on cutting costs. When you combine that with mid-single digit growth and corporate and consumer loans, you should see them really benefit from higher ROE’s.


Price: $17.030
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 BUY Baxter International Inc
BAX-N
David Baskin

(Market Call Minute) There is a lot thrown away with every operation.  It is really expensive stuff.  BAX-N makes it.  Disposable medical supplies.


Price: $38.300
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-07-02 BUY BCE Inc.
BCE-T
David Baskin

(Market Call Minute) Likes it for the yield.  Probably going up over time.


Price: $53.690
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 BUY Progressive Waste Solutions Inc
BIN-T
David Baskin

Besides death and taxes, there is sure to be garbage.  It is an economically sensitive company because more economic activity generates more garbage.  Lots of room for growth on the dividend and earnings.  This company needs a catalyst for people to pay attention.  He expects volumes and therefore earnings to go up.


Price: $33.560
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 BUY Bank of Nova Scotia
BNS-T
David Baskin

Put it away and collect the dividend.  Puerto Rico may have to default on its debt but that doesn’t affect BNS-T.  It is a tremendous bank and less than 11 times expected earnings.  Approaching 4.3% dividend.  TD-T is the premier and is the safest.


Price: $64.070
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 COMMENT Bank of Nova Scotia
BNS-T
Andy Nasr

He has a preference for US banks versus Canadian banks, because he thinks loan growth in the US is going to accelerate and there will be a bit of a slowdown in Canada. Also, the valuation is a lot more compelling today than it has been in the past. For the most part though, Canadian banks are great long-term investments.


Price: $64.070
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 PAST TOP PICK CBS Corp
CBS-N
Andy Nasr

(A Top Pick June 9/14. Down 7.64%.) Sold his holdings when he started to see ad spending decoupling from GDP growth. There is also a decline in TV viewership. He has a long-term concern about cord cutting in the US with households no longer subscribing to cable.


Price: $55.520
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 PAST TOP PICK Capital Power
CPX-T
Andy Nasr

(A Top Pick June 9/14. Down 10.38%.) This is been negatively affected by 2 main things, lower commodity prices and the NDP win in Alberta. There is some speculation that there will be an acceleration of coal retirement power generation facilities. Has been trimming his holdings for the past 6 months.


Price: $21.760
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 BUY Crombie Real Estate Investment Trust
CRR.UN-T
David Baskin

Sobeys Family/Empire Group.  Many shopping plazas have Sobeys as an anchor tenant.  He always liked them as a yield investment for 7.1%.  5 year Canada bonds are at 0.84%.  A very good option for income.


Price: $12.460
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 BUY Chartwell Seniors Housing
CSH.UN-T
Andy Nasr

He really likes this at this price. The stock has pulled back. DRIP is a great way to continue to own it and increase your investment in it longer-term. The nice thing about the seniors sector is that it is going to be supported by favourable demographics. The number of people over 75 is going to double within the next 25 years. The caveat is that it is very operationally intensive and expenses have to be managed very carefully. We are finally seeing demand exceed supply.


Price: $11.410
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 HOLD Calloway REIT
CWT.UN-T
Andy Nasr

Valuation has improved quite significantly. If you look at it relative to other retail REITs in North America, it is trading at a little bit of a premium. It wouldn’t be amongst his top retail picks, but continues to like the business. Prefers strip centres versus enclosed malls. This has a tremendous development pipeline with a sustainable yield and a very good balance sheet.


Price: $28.760
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 COMMENT Dream Office REIT
D.UN-T
Andy Nasr

He has very little office exposure in his real estate portfolios. In the next 3-4 years you are going to see a lot of new supply come on to the market. Typically, what happens when you get these new buildings is they start really affecting rents. This one has a lot of suburban office which will be affected. It is decently valued here, but you have to be very, very patient and wait for the new supply to get absorbed into the market.


Price: $24.320
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 TOP PICK Walt Disney
DIS-N
Andy Nasr

The valuation is very well supported by the earnings growth, which should go up by about 40% during the next 3 years. You are also going to get some very healthy dividend growth. Dividend yield of 1.15%.


Price: $114.970
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 TOP PICK EnerCare Inc
ECI-T
Andy Nasr

The recent pullback is a great buying opportunity. Good management. Did a large acquisition recently and are going to benefit from the synergies of that. You should also see growth in the underlying business as attrition windows down. Dividend yield of 6.25%.


Price: $13.440
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 TOP PICK Equitable Group
EQB-T
David Baskin

Mortgage lending to those without a T4 slip like contractors and the self-employed.  It is a prudent lender.  Loan losses are minimal as they have great credit judgment.  8 times earnings and pretty good growth rate.  The dividend is half of the banks, however.


Price: $62.500
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 BUY First Capital Realty
FCR-T
Andy Nasr

Was a little worried that the valuation, especially relative to some of the other retail REITs, was a little expensive. However, it has pulled back and this is a pretty good entry point. This is a very, very high quality portfolio. Good management team.


Price: $17.770
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 BUY High Liner Foods
HLF-T
David Baskin

Made major acquisition in Iceland and then the stock price exploded.  It has not done much in the last year.  They have to consolidate.  He thinks they will make more acquisitions going forward.  As the economy recovers, more people eat out and HLF-T supplies a lot of restaurants.


Price: $23.010
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 DON'T BUY Inter Pipeline
IPL-T
David Baskin

Stock vs. Stock.  KEY-T vs. IPL-T.  IPL-T just moves gas from here to there, and doesn’t add much value.  With the new government in Alberta, maybe they won’t build any more pipelines.  Prefers KEY-T.


Price: $28.890
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 COMMENT Inter Pipeline
IPL-T
Andy Nasr

Not his preferred midstream energy play right now. A lot of these energy infrastructure companies have made money hand over fist as there has been a significant increase in oil/gas production during the last 5 years. A lot of the cash flow growth is contracted. The question for a lot of these names is, what is the growth going to look like beyond 2018. The other big risk is interest rates. If you have a long-term time horizon and can stomach some commodity price volatility, this is providing a pretty decent entry point.


Price: $28.890
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 BUY Keyera Corp
KEY-T
David Baskin

Stock vs. Stock.  KEY-T vs. IPL-T.  Key-T is a more value added company that processes gas coming out of the ground.  They have a big infrastructure which is a tremendous barrier to entry in that industry.  They don’t have a great reliance on commodity process.  They are a tolling operation.  Prefers KEY-T to IPL-T.


Price: $42.440
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 COMMENT Killam Properties Inc
KMP-T
Andy Nasr

Sell Killam Properties and buy Pure Multi Family REIT? He likes this at these levels. It sold off quite significantly. The largest owner of apartment properties in Atlantic Canada. Pure Multi Family is largely a portfolio of apartment buildings in Texas. These are 2 very, very different entities. In Atlantic Canada there are no rent controls, and given that there are some signs that the economy should eventually improve, especially when there is a ship building contract and more favourable supply/demand fundamentals, he feels that this should do quite well over time. Management is keenly focused on development and trying to rebalance its portfolio, so that 50% of its operating income comes from Atlantic Canada and 50% comes from Ontario and Western Canada. As it diversifies you should get a little bit more cash flow stability and dividend growth. Prefers this one out of the 2.


Price: $10.090
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 HOLD Kraft Foods Group
KRFT-Q
David Baskin

The dividend is fully taxed in Canada. KRFT-Q split into two companies.  There is no Canadian equivalent.  He would just hold onto it if you have a huge tax burden.


Price: $88.190
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 BUY Manulife Financial
MFC-T
David Baskin

A much diversified organization.  They stumbled very badly going into the market crash of ‘08.  People have a long memory.  It has finally gotten back to where it was.  How do you invest premiums with interest rates this low.  A recent transaction involved Chubb being taken out at a big premium so these insurance companies are obviously considered a lot more valuable than their market price.


Price: $23.260
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
Showing 121 to 180 of 141,763 entries