stockchase picture

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

Recent Opinions

Date Signal Company Expert Opinion Price
2014-08-27 TOP PICK Pine Cliff Energy
PNE-X
Bruce Campbell (2)

This company buys assets that are out of favour. Made a number of inexpensive acquisitions in just the last little while and they have been cash flow positive. Their producing properties have a very low decline rate with strong cash flow. Did two big acquisitions in the last 3 months and their pipeline is busier than ever. Strong balance sheet with a strong cash flow to pay down debt.


Price: $2.010
Subject: CANADIAN
Bias: BULLISH
Owned: Yes
2014-08-27 TOP PICK Pembina Pipeline Corp
PPL-T
Hap (Robert) Sneddon FCSI

Reported earnings recently and beat the average consensus by 10%. It is in the right space of energy infrastructure. A quasi-utility. Expecting distributions to rise through 2015. Have $5 billion in secured growth and another $2 million that is expected. Dividend yield of 3.51%.


Price: $49.610
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2014-08-27 TOP PICK Petrowest Corp
PRW-T
Bruce Campbell (2)

This is really in the hub of the whole LNG oil service, and also the Site C dam project in BC. Management has advised that if they have a part of the Site C project, it would double their business. They provide construction services to the oil patch and have the largest fleet of Yellow Iron, large Caterpillar trucks, graders, etc. Pretty much at full capacity right now and have just made a couple of more acquisitions in the last week. Did a capital raise that was in such demand that it was 2X oversubscribed. Q2 results were slightly ahead of expectations and Q3 should blowout the quarter.


Price: $1.290
Subject: CANADIAN
Bias: BULLISH
Owned: Yes
2014-08-27 COMMENT Saputo Inc.
SAP-T
Bruce Campbell (2)

Great management. They are a premium brand in North America now, so could end up as a takeover target.


Price: $66.190
Subject: CANADIAN
Bias: BULLISH
Owned: No
2014-08-27 COMMENT Surge Energy Inc
SGY-T
Bruce Campbell (2)

This could be a takeover candidate at some time. This is not imminent so he is not looking for it. Expects they will continue to grow out their production and when they get to a certain size, that’s when they will sell. He is seeing a ton of insider buying on this, so even at current prices management continues to Buy. That’s always a good sign.


Price: $8.520
Subject: CANADIAN
Bias: BULLISH
Owned: Unknown
2014-08-27 COMMENT Sensio Technologies Inc.
SIO-X
Bruce Campbell (2)

Loves this one and thinks there is a tremendous amount of growth ahead. The latest news was that they signed this agreement with LG, one of the largest TV manufacturers globally. Haven’t seen the rollout yet, but expect it will occur this fall. LG is going to be marketing their 3-D TVs, specifically using the 3-D Go app that Sensio will provide. Around Christmas, you are going to see a lot of promotion by LG and it will be specifically around Sensio. This will drive numbers and app users and will really start to drive the uplift in their revenue. They also have a deal with Wi-Lan (WIN-T) who will do their patent protection, so wouldn’t be surprised to start to see some revenues from the patent side in the next 2 or 3 quarters.


Price: $0.260
Subject: CANADIAN
Bias: BULLISH
Owned: Unknown
2014-08-27 WAIT Suncor Energy Inc
SU-T
Hap (Robert) Sneddon FCSI

Has sold all of his energy holdings. Energy has 2 seasons. The 1st run ends in May followed by a 2nd run starting in late July. His holdings ran right through the weak period and he started to reduce in early July. He is now currently looking as to when to get back into the energy sector. Thinks there will be an opportunity between now and late September.


Price: $44.190
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: No
2014-08-27 HOLD Savanna Energy Services
SVY-T
Bruce Campbell (2)

Doesn’t follow this one super close. There is so much activity in the North American energy sector that probably a rising tide is going to lift all boats. He likes a number of names in this sector. 4.5% dividend yield.


Price: $7.950
Subject: CANADIAN
Bias: BULLISH
Owned: No
2014-08-27 HOLD Toronto Dominion
TD-T
Hap (Robert) Sneddon FCSI

Reporting tomorrow. Chart shows a nice little trendline, and the moving averages are all in the right order. MACD is a little bit high, but in the past, it hasn’t led to anything significant.


Price: $57.820
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2014-08-27 HOLD Tourmaline Oil Corp
TOU-T
Bruce Campbell (2)

You cannot argue at all with what Mike Rose has done. They continue to do fantastic things. He is a serial entrepreneur in this space and will probably continue to do it. Thinks it goes higher and eventually gets taken out.


Price: $54.490
Subject: CANADIAN
Bias: BULLISH
Owned: No
2014-08-27 COMMENT Valeant Pharmaceuticals
VRX-T
Bruce Campbell (2)

The outlook on this is very murky. Their underlying business is fantastic. The potential merger with Allergan (AGN-N) has so many crosscurrents with the trading going on, it is really hard to get a handle on where the stock goes in the short term. If there is some finalization with this, he will probably look at investing in it again.


Price: $126.700
Subject: CANADIAN
Bias: BULLISH
Owned: No
2014-08-27 TOP PICK iShares S&P/TSX Global Gold
XGD-T
Hap (Robert) Sneddon FCSI

When you are concerned about the big differences between the best people that can execute or a wildcard coming out of the blue, you’re better off buying a basket. Chart is showing higher lows. Chart indicates that there could be a little bit of downside. Looking for a bit of resistance above $13.40, but if it gets above that, he would be inclined to add to that significantly.


Price: $12.300
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2014-08-27 DON'T BUY Yahoo!
YHOO-Q
Hap (Robert) Sneddon FCSI

Chart shows a long basing pattern followed by a slow rising trend. There is a little bit of resistance around $40. Until it breaks over $40 or down through the lower trendline of about $33, you are in no man’s land. Indicators are not necessarily telling us that we should be grabbing this one.


Price: $38.180
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2014-08-27 COMMENT Yamana Gold Inc.
YRI-T
Hap (Robert) Sneddon FCSI

We are in a strong seasonality part of the year for gold. It peaks in October. Thinks the risk/reward is really good. Stock had a bottom in May-June, followed by a nice uptrend. Was bumping into the 200 day back in August. It is now hugging the 50 day. Relative strength is right in the middle of the band and the MACD is just turning down, but close to the zero line. If it breaks that zero line, you get a bit of fall through and he would say the gold thesis is over. Risk/reward for gold is really good. (See Top Picks.)


Price: $9.010
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2014-08-26 N/A A Comment -- General Comments From an Expert
A Commentary
Benj Gallander

Contrarian Investing. Seasonality is very important to him. He does most of his buying in November and December during tax loss season. From March through to that point, it is very rarely that he Buys stocks. In November and December, it is very rare that he sells winners, because he wants to defer taxes. He is also looking at individual stocks and what they do over the course of a year. A lot of stocks have cycles, which can help with buying and selling. It’s an interesting time of the year because he used to call more CEOs and CFOs in August, and found a lot of them were away from their desks, often for a number of weeks. He now answers his calls and emails, but is not at his desk quite as often at this time of the year.


Price: $0.020
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: _N/A
2014-08-26 N/A A Comment -- General Comments From an Expert
A Commentary
Benj Gallander

Medical marijuana? This is a tremendous growth industry and has gathered a lot of momentum. It wouldn’t surprise him to see some companies in the gold sphere, become medical marijuana companies. If they do, he would be very wary of those companies. People who constantly change sectors, often don’t know about the other sector and are just chasing the money, usually for themselves.


Price: $0.020
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: _N/A
2014-08-26 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Sprung

Markets. In this environment, it would be prudent to engage in some profit taking. We have had several years now of market gains. You never really make money in the stock market, until you actually sell it. In some cases, where he really likes and admires a company, and thinks it could continue to do well, he is just taking partial positions off. It is getting more and more difficult to find stocks that you consider to be outstanding value for the long term. He is trimming more in respect to weightings. Tries to run fairly concentrated portfolios, and typically has anywhere between 20 and 30 equity positions at any point in time. An average weighting for him would be 5%-6% depending on the risk profile of each portfolio.


Price: $0.020
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: _N/A
2014-08-26 BUY Alaris Royalty
AD-T
Michael Sprung

Thinks management is executing their formula in an extremely efficient manner. They act like a private equity firm, without really being private equity. They tend to buy into private businesses that are well run and have good long-term track records. Where management wants to keep control of their business, they will construct a preferred instrument that will return to them and participate in growth in the company, but won’t convert into real equity if things really go off the rails. Have been expanding more and more into the US. Thinks they have a great future. He wouldn’t be surprised if many people try to copy this formula. Yield of 4.5%.


Price: $33.290
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-08-26 PAST TOP PICK Agrium
AGU-T
Michael Sprung

(A Top Pick Sept 4/13. Up 19.88%.) Still likes this. He is generally a buyer of this when it is under $100. Likes its wholesale and retail diversification within the agriculture industry. Well-managed and geographically diversified.


Price: $103.370
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-08-26 TOP PICK AgJunction Inc
AJX-T
Benj Gallander

(A Top Pick Aug 12/13. Down 27.27%.) Not dealing well with the slowdown in the agricultural sector. Revenues went down to 37% over the past year. New management has been very transparent. His Initial Sell Target is $3.49. Even with the drop in revenues, they only lost about $600,000 because they cut a lot of workers from about 270 to 170. They are very, very diligent on expenses.


Price: $0.730
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2014-08-26 COMMENT Alpha Pro Tech
APT-A
Benj Gallander

This is in 2 fields. One is building supplies, which is doing fairly well in the US. They also do protective gear in the health sector field.At the time of H1N1 and SARS, this stock skyrocketed. The company has zero debt and money in the bank. A few years ago they had about 23 million shares outstanding and are now down to 18 million. They could double or triple from this level.


Price: $2.730
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Unknown
2014-08-26 DON'T BUY Alimentation Couche-Tard (B)
ATD.B-T
Michael Sprung

This has been an amazing story. Well run. They’ve expanded their footprint in North America and there is talk of them expanding in Europe. Like a lot of growth stories, you are paying for a lot of growth in the stock. As long as they can continue to execute the way they have, and the economy holds up, it will continue to do all right, but thinks we have seen a lot of the capital appreciation already built-in to its price.


Price: $31.870
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Unknown
2014-08-26 HOLD BlackBerry
BB-T
Benj Gallander

The key in this case is the horse and the jockey. He likes John Cheng, who has a good track record. This is going to be a long haul. There are very few companies that have more noise about them. His Initial Sell Target price is close to $18. If they start to really turn around, he can see the company going far further than $18. They still have lots of difficulties. Management have announced the end of layoffs and are now looking at potentially hiring. That is a major curve in the cycle for him, so he is happy to hold it. When a company like this turns, it can turn fast and can really rocket.


Price: $11.010
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2014-08-26 COMMENT Bombardier Inc (B)
BBD.B-T
Benj Gallander

Sold his holdings. Decided to get out because of the C Series. Delays plus the debt load had him scared. Have overpromised and underdelivered on the C series. He questions whether they will get it up as they say they will. They are a leader in aviation trains. Expects they will have tremendous support from the Canadian government going forward.


Price: $3.810
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2014-08-26 COMMENT Bank of Montreal
BMO-T
Michael Sprung

Has always had a high yield compared to the rest of the group.


Price: $82.160
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2014-08-26 HOLD Bank of Nova Scotia
BNS-T
Michael Sprung

This is one of his larger bank holdings. The one reason to hold this is because of its international diversification. There may be worries about some pockets in South America, but they are also in some very good areas. He was not disappointed with their earnings. Trading at about 2X BV. 3.6% dividend yield. Not a bad place to be.


Price: $72.450
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-08-26 HOLD Bellatrix Exploration Ltd.
BXE-T
Benj Gallander

Sold half his position after a double. An activist investor wanted to see changes in the company as they were not happy with how things were going. However, to him the management has done a tremendous job since they came in. The stock price has moved up quite a bit. The company was having an awful lot of difficulties before that. There are good activist investors, and there are some that he highly questions. In almost every case when an activist comes in, the stock price goes up, as happened in this case. Can see this going to double digits.


Price: $8.470
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2014-08-26 PAST TOP PICK CASH
CASH
Benj Gallander

(A Top Pick Aug 12/13.) He has a tremendous amount of cash on the sidelines, as opportunities present themselves. Would love to deploy more of the cash as he is not getting much return on it.


Price: $0.010
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2014-08-26 PAST TOP PICK Canadian Imperial Bank of Commerce
CM-T
Michael Sprung

(A Top Pick Sept 4/13. Up 33.46%.) Hasn’t reduced his holdings yet, but is certainly looking at it. When he bought it, it was the bank with the strongest capital position and the highest ROE, selling at a significant discount to the others. It is no longer such a bargain as it is trading at 2.5X. Yield is still fairly strong. Not as compelling a story as it once was. 3.8% dividend yield.


Price: $104.760
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-08-26 SELL Canadian Pacific Rail
CP-T
Michael Sprung

Bailed out of the railroad stocks quite a while ago. This has risen on the basis of coming out of an operating ratio in the 70s, and is now down to the mid-60s. Comparing it to the much larger and more established Canadian National (CNR-T), you are paying much higher multiples for one that is being fixed, rather than the one that has worked all along.


Price: $219.000
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2014-08-26 TOP PICK Capstone Infrastructure
CSE-T
Benj Gallander

Bought this because he thought they would come to an agreement with the Ontario power Authority for their Cardinal cogeneration plant. They got a 20 year agreement, but he still doesn’t know how good it is. It is going to hinder their cash flow. Payout ratio is about 60%, and because of the cash flow drop, it could go over 100%. Increasing things in their Bristol water plant in the UK which is developing well. Management is becoming smarter over time. There are companies being taken over in this field right now and infrastructure is reasonably hot. Initial Sell Target is $8.74. Dividend yield of 6.77%.


Price: $4.440
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2014-08-26 DON'T BUY Canadian Tire Corporation Ltd. (A)
CTC.A-T
Michael Sprung

Can you see non-voting shares combining with the voting shares? People have talked for years about this company’s various class of shares disappearing or merging. He doesn’t see this happening in the near future. This was a battle that was fought in the 1980s. The company has done a remarkable job at surfacing value over the last while, particularly in the recent quarter where we just came out of a seasonally bad winter. Once that was over, there was a surge in demand. So far, they have been pretty adept at positioning itself within the Canadian merchandising market. Finds it a little bit expensive here. Earnings are forecast to go from around $7 to about $7.50. Doesn’t think there is a lot of value right now.


Price: $112.540
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2014-08-26 TOP PICK Cenovus Energy
CVE-T
Michael Sprung

We are going to see them going from about 270,000 barrels a day to over 300,000 in the next couple of years. They have a target of over 500,000 in 2020-2021. The growth profile is never guaranteed, but they have already identified projects where this could come to light. They have not really participated with the other oil companies in the energy boom. He sees earnings going well over $2-$2.20 in the next year or two. Yield of 3.13%.


Price: $34.010
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-08-26 COMMENT DHX Media
DHX-T
Benj Gallander

This is too expensive for him now. They have had a lot of changes and have taken over another company, perhaps two.


Price: $7.450
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2014-08-26 DON'T BUY Dryships
DRYS-Q
Benj Gallander

This is a sector that is dramatically out of favour. He keeps looking at them, and then he looks at the debt loads, the debt load on almost every one of these companies is horrible. A lot of them have also been listed for less than 10 years. So he wouldn’t buy because of those reasons. This one really doesn’t appeal to him.


Price: $3.320
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2014-08-26 COMMENT Facebook
FB-Q
Benj Gallander

Whenever he buys a stock, he always chooses an initial Sell target. That grounds him from the get-go. This company did very much what he expected when they IPO’d a few years ago. In the majority of the cases, a year later, the stock is down in value. This is a leader in its field. He doesn’t follow this company, but does like leaders.


Price: $75.960
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2014-08-26 COMMENT Flextronic International
FLEX-Q
Benj Gallander

Thinks this has a lot of upside. Very, very diversified. Into software, hardware and aeronautics. A tremendous company. The balance sheet is very reasonable. Revenues have been going up. Recently instituted a dividend, and when a company does this, usually for the next few years that company does better than the stock markets. His target price is $18+.


Price: $11.000
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2014-08-26 TOP PICK Fortis Inc.
FTS-T
Michael Sprung

They completed the acquisition of UTS in the US ahead of schedule. This is a real company changing acquisition. Has increased the size of the company. Feels that people are not really seeing how substantial this is going to be over the next couple of years. Expects earnings to go through the $2 level for the next few years. Dividend yield of 3.86%.


Price: $33.180
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-08-26 TOP PICK Harmony Gold Mining Co Ltd
HMY-N
Benj Gallander

Based in South Africa where there are a lot of problems. There is a union that is very, very difficult, and which is looking at targeting the gold sector. This company has had a few deaths at their mines, which does not bode well. Also, gold prices have certainly hurt them. He really likes the management, which is very conservative. Eliminated the dividend, but when things get better, the dividend will get back in place. Recently showed a loss because they took a write-down on one mine. There would have been a slight profit if they had not done that. This pick is very contrarian from both a geographic perspective and the price of gold. His Initial Sell Target is $16.14.


Price: $2.960
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2014-08-26 HOLD Inter Pipeline
IPL-T
Michael Sprung

We have been seeing good news coming from this company lately. Phase 1 of Polaris has now been completed and they are going into phase 2, and will soon reach the Edmonton hub. They have potential for more infrastructure building over the next few years. Expects they will expand more in mid-Saskatchewan. Have become less commodity sensitive and more and more of their revenues are far more stable than they were. Dividend yield of 3.6%.


Price: $36.010
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-08-26 COMMENT Iteris Inc
ITI-A
Benj Gallander

Doesn’t think the recent fall in price is serious. They discovered accounting irregularities, which can be very, very serious. Haven’t filed their financial statements. Changed accountants which seemed to create some difficulties. Have been given a Stay from the NYSC market, and have written a letter of compliance. They should be back up to date by the middle of October. His Initial Sell Target price is over $3. A great company. They have money in the bank and zero debt. Insiders own a whack of the company. This company is in traffic flow, and traffic flow is very much needed.


Price: $1.749
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2014-08-26 HOLD Magna Int'l. (A)
MG-T
Michael Sprung

We have been on a really good rebound in the automotive industry over the last few years. The shares have generally reflected this, but given his current concerns about the ability of these markets to continue, he is not sure that the automotive market will remain as strong as it has been.


Price: $123.890
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2014-08-26 COMMENT Martinrea
MRE-T
Michael Sprung

When looking at the production mixes over the last several quarters, he has been more in favour of Magna (MG-T) and Linamar (LNR-T) as opposed to this company’s exposure. He would rather be in one of those instead.


Price: $14.540
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2014-08-26 COMMENT National Bank of Greece SA
NBG-N
Benj Gallander

This is on his Watchlist. He finds it is a very, very intriguing situation. This is a leader in Greece. They are still having a lot of problems in Greece. It would hurt their national pride if anything happened to this bank.


Price: $3.580
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2014-08-26 COMMENT Noranda Income Fund
NIF.UN-T
Benj Gallander

Looking at this right now. An absolutely tremendous payout. He doesn’t know the company well enough to Buy into it, but he loves dividends. This company is giving money back all the time. 9% dividend yield.


Price: $5.540
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2014-08-26 PAST TOP PICK Orange SA
ORAN-N
Benj Gallander

(A Top Pick Aug 12/13. Up 60.86%.) He keeps riding this one higher. His Initial Sell Target is around $28. Revenues went down about 4% last quarter. Income has gone down, but they are still making money. There is a lot more competition in their space. France is the #1 market, but they are also in Spain and a number of other countries. Cut their dividend this year, and the stock price went up. He still sees a lot of upside.


Price: $15.120
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Yes
2014-08-26 DON'T BUY Rogers Communcations (B)
RCI.B-T
Michael Sprung

They seem to be undergoing a fairly major strategic review. For a long time this was a very steady cable company, but are now facing competition in all kinds of areas. They are pretty much dedicated to coaxial cable and seem to be losing market share to other means of delivery. They look like they are going much more towards buying entertainment/content. People are going to continue to pay for content, but with all the streaming services that are coming out, there is much more competition. He really worries about the long-term outlook for these capital intensive companies.


Price: $44.090
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: No
2014-08-26 COMMENT The Second Cup Ltd
SCU-T
Benj Gallander

A company like this could come down towards the end of the year when there is tax loss selling. When they eliminated the dividend, he put it on his watch list. When he discovers a company, he does not buy into it for at least 6 months. When you see a takeover in the field, for example Tim Horton’s (THI-T) sometimes that means other takeovers in the field might follow. This one has started to mount his interests.


Price: $3.410
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2014-08-26 TOP PICK Stuart Olson Inc
SOX-T
Michael Sprung

A number of years ago they acquired a company that had a number of fixed price contracts that really went over budget and punished the company. Those are finally being worked through and are now sitting with a record backlog. As that backlog develops, he expects the margins are going to go up. Thinks we can see significant appreciation on this. Dividend yield of 4.71%.


Price: $10.200
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-08-26 SPECULATIVE BUY Spot Coffee
SPP-X
Benj Gallander

This is very much a penny play. Coffee is an incredible space with huge mark-ups, but as we can see, closer to home, Second Cup (SCU-T) is looking to retrench and eliminate their dividend. Wouldn’t throw his mortgage money at it, but for somebody who wanted to speculate, it could be worthwhile. It could also disappear quickly.


Price: $0.050
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2014-08-26 PAST TOP PICK Suncor Energy Inc
SU-T
Michael Sprung

(A Top Pick Sept 4/13. Up 25.39%.) Lately stocks have held up quite a bit better than the commodity price of oil. Selling for a reasonable multiple at 1.5X BV. Trading at about 11X next year’s earnings. 2.5% dividend yield. A well diversified play on the energy industry.


Price: $44.160
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-08-26 DON'T BUY Toronto Dominion
TD-T
Benj Gallander

Bank stocks could go higher if they decide to have stock splits. They have been increasing dividends. Every 10-15 years, even Canadian banks seem to have an implosion. He would not be buying into Canadian banks at this point in time. Prefers the US banks.


Price: $57.580
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: Unknown
2014-08-26 DON'T BUY Tekmira Pharmaceuticals
TKM-T
Benj Gallander

A play on ebola could have a nice kick up now, but looking at the financials, they have lost money in 8 out of the last 10 years. This does not bode well. Also, they are not at all close to getting the product into the market. The testing for their product was actually for another product, so they are going to have to have a certain amount of latitude in getting it out. He would prefer Alpha Pro Tech (APT-A).


Price: $20.930
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2014-08-26 COMMENT Thomson Reuters Corp
TRI-T
Michael Sprung

Beginning to see some margin expansion. The recent quarter wasn’t so much about revenues being ahead, but that the earnings themselves were expanding. We are seeing good cost control and some sales growth in the financial and risk area. Legal area still tends to do very well. We are finally seeing the ROE expanding along with the margins. We could see a few more dollars in this. He would be looking at taking some profits at around $44-$45.


Price: $41.240
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-08-26 HOLD Trans Canada Corp
TRP-T
Michael Sprung

A lot of people have been waiting for the KXL pipeline decision to come down. Thinks there will be a lot of rumours about Kinder Morgan (KMP-N) taking the company over. You should never buy a company on the basis that it might possibly be a takeover candidate, but on the basis of it being undervalued and a good business. This company has gone quite a ways up, and is now selling at around 25X earnings, 2.5X BV. Has a yield over 3%, but is not at a level where he would be comfortable buying it today. Somewhere around $50 would be a more comfortable point.


Price: $57.650
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Unknown
2014-08-25 BUY on WEAKNESS A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Silver.  What gets gold going gets silver going.  We need inflation.  Deflation is the bigger risk to the economic story for the next couple of years.  We need Gold above $1500 and inflation in order to get another up-trend.  If we get a washout in the next month or two it could be a great buying opportunity.


Price: $0.020
Subject: TECHNICAL ANALYSIS & ETF's
Bias: UNKNOWN
Owned: Unknown
2014-08-25 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment.  Financial Literacy.  Are you a smart consumer of financial media?  The government wants to strengthen the skills of Canadians in financial matters.  You can get ideas from TV, but you must do your own research.  You need to have a plan as to when to get out.  65+ year olds’ bankruptcies have increased 600% over the last 20 years.


Price: $0.020
Subject: TECHNICAL ANALYSIS & ETF's
Bias: UNKNOWN
Owned: _N/A
2014-08-25 N/A A Comment -- General Comments From an Expert
A Commentary
Eric Nuttall

Markets.  We had a bit of a sell off over the last couple of weeks.  In Ontario, there has not been a day over 30 degrees in all of July and August.  Usually Aug, Sept, and Oct are not terrific for energy stocks.  He increased his cash weighting to 32%.  Nat gas has fallen, but stocks that have been pounded in some cases do not get so much revenue from gas, but rather from oil.  There are still opportunities although the easy money has been made this year.


Price: $0.020
Subject: OIL & GAS
Bias: SELECTIVE
Owned: _N/A
2014-08-25 N/A A Comment -- General Comments From an Expert
A Commentary
Peter Brieger

Markets. September and October is a very difficult time some times. The record for a consistent decline during those few months is spotty at best. You have to be aware that it is out there, but who knows if it is going to hit. If it does, it will be for geopolitical reasons, specifically the Ukraine, and perhaps to a lesser extent what is going on in Iraq and the Palestinian/Israeli conflict. This could derail on a very short-term basis. Looking out 2-3 years, the US economy is going to finally get back to a more normal state of affairs. At that point, you might be pleasantly surprised by corporate revenues, corporate profits and perhaps P/E ratio expansion. A chart showing Forward P/E Ratios from 1977 to the current time had an average of 13.70, and as of last Friday we were 15.2X Forward Earnings on the S&P 500. Above the average, but not outrageously so. The most optimistic outlook for the PE ratio is 15. If it got up to 18 in today’s environment, he would be a Seller. Unless there is a cut off of oil from the Middle East, we’ll probably follow the US.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: _N/A
2014-08-25 PAST TOP PICK Arc Resources Ltd
ARX-T
Eric Nuttall

(Top Pick Aug 19/13, Up 28.74%) A perennial sleep at night Nat gas stocks.  It always trades at a premium.  The dividend is very sustainable.


Price: $31.630
Subject: OIL & GAS
Bias: SELECTIVE
Owned: No
Showing 121 to 180 of 131,340 entries