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

Recent Opinions

Date Signal Company Expert Opinion Price
2014-10-27 DON'T BUY Husky Energy
HSE-T
Larry Berman CFA, CMT, CTA

Not one of his favourites.  Prefers SU-T or IMO-T, but it is a play in the sector.  You need to own 10 stocks because if you own 2 or 3 you may pick the wrong ones.  He prefers XEG-T or ZEO-T for diversification.


Price: $27.110
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2014-10-27 DON'T BUY Imperial Oil
IMO-T
Peter Brieger

Would prefer Canadian Natural Resources (CNQ-T), which is much larger and more diversified.


Price: $51.020
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2014-10-27 TOP PICK Inter Pipeline
IPL-T
Peter Brieger

Several criteria for tonight’s Top Picks are for solid assured cash flow growth and subsequent growth in distributions. There have been both with this company. This is basically a business that is involved with Take & Pay contracts for a major part of the business, or cost of service plus. Given the business that they have currently on the books, you are going to see a major increase in cash flow per share of about $1.40, and probably see 30% of that added to the current distribution. Feels the pipeline business in Canada is a growth business. Very good value. Yield of 3.68%.


Price: $35.060
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2014-10-27 DON'T BUY Kinross Gold
K-T
Peter Hodson

Great company if the sector is going to double.  But they are not doing well now and have a lot of debt.  Part of their asset base is in Russia.  Prefers others.


Price: $3.030
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2014-10-27 HOLD Legacy Oil and Gas Inc.
LEG-T
Peter Hodson

It is in the okay category.  He does not focus on the resource space.  Assets and Management are okay.  No one expects a lot, but that is reflected in the valuation.


Price: $4.810
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2014-10-27 BUY on WEAKNESS Lightstream Resources
LTS-T
Larry Berman CFA, CMT, CTA

They have had flat revenues for 4 or 5 years now.  There is not a big growth profile to the company.  With energy prices as they are, they should tend to do very poorly.  You are going to see way more volatility over the next year.  The trends aren’t good here.  This stock is getting very, very oversold and so you could nibble at it, but it will come with lots of volatility.


Price: $3.460
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2014-10-27 DON'T BUY McDonalds
MCD-N
Peter Brieger

He thinks there is something structural going on in this business. All of us are looking more at just what we eat and are more dietary conscious. This company was a great innovator with new menu items, and this is what will drive same store sales. They have been struggling. You’ll see 5%-8% growth, but he just doesn't see much in the way of upside.


Price: $92.010
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2014-10-27 COMMENT Magna Int'l. (A)
MG-T
Peter Brieger

Doesn't own, but does like it. In North America, as key indicators improve, demand for cars is going to continue at a very strong pace. Age of the existing car inventory is still far too old relative to what it has been. With the constant ongoing demand for new cars, this company will benefit. Despite Europe's dismal outlook at the moment, seems to be doing not too badly in the car business, so this company will benefit from that.


Price: $108.230
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2014-10-27 COMMENT Norbord Inc.
NBD-T
Peter Brieger

Doesn't follow this. 2 things are happening to the housing market, which is a plus for them. Freddie Mack and Fannie Mae are loosening restrictions, so you are going to see additional money being available to mortgage borrowers. Secondly, rates seem to staying static for the next little while, which will be seen as a plus by buyers. If West Fraser (WFT-T) and Canfor (CFP-T) benefit, then this one can too. He prefers to play US housing through Canfor.


Price: $25.180
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2014-10-27 TOP PICK Precision Drilling
PD-T
Peter Brieger

Sees upside of nearly 70%. This is one of North America’s leading drillers. They are really 2 separate businesses in Canada. The drilling associated with the potential LNG pipelines along with the rest of the western sedimentary basin. Rigs required to drill for LNG are very much more sophisticated than traditional. Yield of 3.07%.


Price: $9.130
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2014-10-27 COMMENT Potash Corp of Saskatchewan
POT-T
Peter Brieger

Prefers Agrium (AGU-T). This is one that one day the outlook is improving, the price is going up in one country and the next day something has gone wrong someplace else. It's really a ping-pong game. If they can keep their supply under control, this and Agrium are going to represent very interesting net free cash flow stories for the next 2-3 years. If you have a 3-year outlook, he doesn't feel you can go wrong with this.


Price: $37.950
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2014-10-27 WATCH Petrowest Corp
PRW-T
Peter Hodson

Contractor that will get a lot of business from LNG.  They can decide what contracts they will go for.  It is a good little company that is growing nicely.  You won’t know if they have good contracts for some time.  It is a 5 year investment.  They are probably the better of the group, however.


Price: $1.080
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2014-10-27 WATCH Redknee Solutions
RKN-T
Peter Hodson

Bought a big division from Nokia.  The concern was why Nokia was selling this.  Margins were not that good last quarter.  Three times in a row margins were not that good in that division.  They need to improve those.  He would rather wait for this to turn before buying them. 


Price: $3.460
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2014-10-27 BUY Royal Bank
RY-T
Peter Brieger

A great long-term hold. Had a great track record. You are looking at a good 5% plus annual growth rate. Yield of about 3%-4%. You are going to have a long-term average return of 10%, which is pretty good for a major institution like this.


Price: $79.070
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2014-10-27 BUY Shawcor Ltd. (A)
SCL-T
Peter Brieger

One of the largest coaters for pipelines globally. They have a leading position. He read recently that 50% of North American pipelines have outlived their economic usefulness and are living on borrowed time. Opportunities for both new pipelines and replacements are legion.


Price: $49.250
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2014-10-27 BUY on WEAKNESS Surge Energy Inc
SGY-T
Larry Berman CFA, CMT, CTA

They are a growth company, increasing production and revenues.  The potential is here and you want to accumulation the growth names on weakness.  It looks like a good one long term.


Price: $6.180
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2014-10-27 WEAK BUY Surge Energy Inc
SGY-T
Peter Hodson

The sector went down and they raised the dividend, so it seems high.  He has no idea what the sector is going to do, but thinks they will continue to pay the dividend.  The management needs to be left to do their thing which they have done for the last 20 years.  WCP-T is a leader and has outperformed this one.


Price: $6.180
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2014-10-27 DON'T BUY Student Transport of America Ltd.
STB-T
Peter Hodson

They have been paying the dividend forever.  It is more risky than more companies because they issue stock and debt constantly.  They are going to reduce payout ratio over time.  It is all about lowering debt.  It is too early to tell.


Price: $7.050
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2014-10-27 WAIT Suncor Energy Inc
SU-T
Peter Brieger

When you see the West to East pipeline, which he hopes comes to pass, you are going to see an awful lot of increase in refining activity in Québec and points east, and this company will benefit from that. Wait to see more progress on the pipeline.


Price: $38.150
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2014-10-27 DON'T BUY Teck Resources Ltd. (B)
TCK.B-T
Peter Hodson

He kind of likes it because of diversified metals exposure, but coal is dragging it down.  Nothing wrong with it, but he prefers First Quantum (FM-T).


Price: $17.340
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2014-10-27 WATCH Teck Resources Ltd. (B)
TCK.B-T
Peter Brieger

The only short-term dislocation is the price of met coal. There has been some short term over-capacity or over-inventory in China, which has probably put a Hold on this company.  Also, a major producer of zinc and copper. He is positive on both these metals. Dividend yield of over 5%, which he feels is safe. If you see the price turning up, then you can Buy it.


Price: $17.340
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2014-10-27 TOP PICK Toronto Dominion
TD-T
Peter Brieger

(A Top Pick Oct 21/13. Up 20.82%.)  His favourite bank globally. Have had a great growth record in North America, and he thinks that will continue. Yield of 3.46%.


Price: $54.200
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2014-10-27 TOP PICK Trimac Transportation
TMA-T
Peter Hodson

11 or 12 times earnings and growth rate in the past was 50%.  Will benefit from better oil prices.  Business good.  Lots of repeat business.  50% owned by management.  Dividend is 4% with room to raise it.  Could be an acquisition candidate.


Price: $7.010
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Yes
2014-10-27 BUY on WEAKNESS Tourmaline Oil Corp
TOU-T
Larry Berman CFA, CMT, CTA

If you liked it at $50 you have to like it a lot more at $39.  You want a half position or less in your portfolio.  You have to trim so you can add it back when it bottoms.  It could potentially fall a lot lower if the momentum picks up to the downside.  Never average down, but average into your position. 


Price: $38.890
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2014-10-27 WAIT Tourmaline Oil Corp
TOU-T
Peter Brieger

Likes this going forward. It of course is suffering because of what has happened to the price of oil and the implied price of natural gas. He would like to see a bit of a base building in this and other energy stocks before jumping in.


Price: $38.890
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2014-10-27 COMMENT Trinity Industries
TRN-N
Peter Brieger

This is very much in the supply mode for freight cars and all sorts of rail equipment. This and Wabtec (WAB-N) are the 2 preferred ways of playing this sector. Many analysts are showing growth for this particular company. Until he can get a better handle on what the growth might be, he’ll stay away from this and stay with Wabtec.


Price: $35.080
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2014-10-27 WAIT Tweed Marijuana Inc.
TWD-X
Peter Hodson

Everyone got excited about marijuana stocks last spring and then the frenzy died down.  They are licensed and are producing.  Their sales were only $188,000 last quarter.  They will grow and have big plans.  But it is too early for the entire sector right now. 


Price: $1.820
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2014-10-27 BUY Western Forest Products Inc.
WEF-T
Peter Hodson

Quality company in the forest product sector.  8-9 times earnings.  Brookfield selling them has improved liquidity.


Price: $14.530
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Unknown
2014-10-27 TOP PICK Exco Technologies
XTC-T
Peter Hodson

Products to the automotive industry.  Just won contracts in Germany.  Very well run company that flies under the radar screen.  They are doing so much better than the industry that they should get a better multiple than the industry.  Management owns a lot of stock.  Raised dividend not that long ago.


Price: $10.250
Subject: CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias: UNKNOWN
Owned: Yes
2014-10-27 DON'T BUY Yamana Gold Inc.
YRI-T
Peter Brieger

As much as he likes gold, he wouldn't rush in just yet. He really wants to see gold base and start to ultimately break out. That means gold would be above $1250, and even as high as going through the 200 day moving average of $1280 and possibly breaking $1300.


Price: $6.170
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2014-10-27 BUY BMO S&P/TSX Oil & Gas ETF
ZEO-T
Larry Berman CFA, CMT, CTA

Yields 3.4% and on a risk adjusted basis, and you get a better quality dividend than the banks.  It is one of the largest holdings he has.  It is getting very attractive on a relative basis.  It is a global dividend seeking fund.  There will be increased volatility for the next year or so.


Price: $14.090
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2014-10-24 N/A A Comment -- General Comments From an Expert
A Commentary
James Telfser

Markets. Built up a fair amount of cash leading to the correction and has now put some of this to work. Had taken some of his cues from the market on the US treasury side. Also, just following the technicals in the market, he saw a couple of big rallies into the close in the US, and it looked like the market wanted to go a little bit. Also, there was a positive in the number of people being fired in the US. It was more of a tactical decision where he thought the market had overshot on the down side. Has been trimming some of those positions in the last couple of days. Doesn't think we are going to get back to new highs. We have come a long way off from the bottom, so it is prudent to take some money off the table, especially the way the oil price has been struggling.


Price: $0.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: _N/A
2014-10-24 N/A A Comment -- General Comments From an Expert
A Commentary
Jason Donville

Markets. Since the 2nd world war, most of the economies and stock markets have followed a very similar pattern. We come out of a slow period, the economy picks up, we start getting inflationary pressures, the Central Bank starts raising interest rates to dampen it and everything slows down. That is the cycle. However, in the last 5-6 years, we really haven't seen really high levels of growth coming out of the last trough of 2008-2009. The likelihood of a Central Bank going to raise interest rates to slow down growth, is very, very low. Doesn't think we are going to get a big correction in the stock market. The price of oil and the price of copper tell you there is not a lot of growth out there. Thinks we are going to be in a muddle along economy. In this correction we are going through, we are pretty much there. Feels we are going to be in a stable and soon to be rising market. Lower oil prices is like a huge tax windfall and very positive for the economy. Feels the next 3-6 months for the stock market are going to be good. We tend to get our corrections in September and October, and then we get pretty good markets from the end of October through until probably May.


Price: $0.020
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: _N/A
2014-10-24 N/A A Comment -- General Comments From an Expert
A Commentary
Jason Donville

Energy. We have been in this channel of somewhere between $80 and $110 range in the last 5 to 7 years. With fracing technology will we actually start setting a new lower level to that range? Most of the feedback he has heard from oil/gas analysts is that the costs of getting oil out of the ground has not changed that much. As a consequence, we are probably going to steady somewhere around $80 as a lower limit. If we shoot through $80 and into the $70's for a few months, supply is going to pulled back quite quickly. Thinks oil does become quite interesting here in the low $80's. Don't be a seller of oil stocks. Look to pick up bargains as we bounce along that $80 mark. Expect that in 18 months we will be back over $95.


Price: $0.020
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: _N/A
2014-10-24 N/A A Comment -- General Comments From an Expert
A Commentary
Jason Donville

Lifecos or Canadian Banks? He still likes the banks better. They seem to have a lot more latitude in terms of growth. Likes their quality of management, although Manulife (MFC-T) would be on a par. If he had to choose one bank, it would be Toronto Dominion (TD-T), but all the Canadian banks are good right now.


Price: $0.020
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: _N/A
2014-10-24 HOLD Air Canada (B)
AC.B-T
James Telfser

Generally likes the airlines. Cdn$ has been causing a bit of headwind, and is not quite being offset by fuel prices. If you step back from all the short-term moves, such as jet fuel and currency, they have been doing some great things. They are really revamping their business. For the last 3 months their numbers have been out of the park. Expects this quarter is going to be a good one.


Price: $8.590
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2014-10-24 COMMENT AutoCanada Inc.
ACQ-T
James Telfser

Valuation is better than it was at $90. The story is that they need to make acquisitions to grow into the multiple that they are at. He would argue that a rollup is great, but there comes a point when rollups aren’t great any more. It is hard to find acquisitions and hard to integrate them into the business successfully. Doesn't feel this is in the top 20 names in Canada that you should hold. Looks a lot more attractive for a trade rather than something that he would want to hold for the next 12 months.


Price: $58.970
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2014-10-24 COMMENT Avigilon Corp
AVO-T
James Telfser

High definition cameras. Loves to follow this name. Had been Short this not too long ago. Feels it might be in for trouble in the near-term. Any time you have a company that has a product or service that is not too difficult to replicate, you know their competitors are going to try to copy. High levels of revenue growth are built into the stock, and he tries to stick to the value side of things which gives you a margin of error.


Price: $15.320
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2014-10-24 HOLD Avigilon Corp
AVO-T
Jason Donville

Its strengths and weaknesses are roughly in balance, so this would be a Hold, and we need to see a resolution on something. There seems to be something going on underneath the surface of the company, which he feels has to do with the personalities of the people at the top. At this price it looks cheap, but he wouldn't be a seller or adding until there was some conclusion.


Price: $15.320
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: Unknown
2014-10-24 BUY Brookfield Asset Management (A)
BAM.A-T
James Telfser

Sold off from its highs of $55. An interesting play that he likes. You are getting real estate, infrastructure, utilities and into the asset management side of their business. Very defensive type business model.


Price: $52.760
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2014-10-24 HOLD Bombardier Inc (B)
BBD.B-T
James Telfser

A lot of people are Short on this. If they can have a nice earnings beat, he thinks there could be a very nice pop on the stock. If you own, he would not be selling, but holding to see how this quarter goes. The Cdn$ actually benefits a company like this.


Price: $3.830
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2014-10-24 COMMENT Bank of Montreal
BMO-T
James Telfser

Nothing has changed much for the banks, and he has been gun shy for the last year thinking they were going to slip on some of their earnings announcements. They haven't yet. He took a small position in this because of their US exposure. Mortgage rates keep going down, which should be a boost to the banks.


Price: $81.510
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2014-10-24 WATCH Canam Group Inc.
CAM-T
James Telfser

Makes bridges and industrial buildings. This has had a bit of a wild ride. Had 2 quarters where they really disappointed. The 1st quarter this year was weather related, and this last quarter they missed expectations because their back log was too big. Margins got squeezed and they weren’t getting the amount of work done. They have to hire a lot of people to get through that back log. If you hold this name, watch next week when they report to see where this company goes. He thinks it was just 2 short term misses. He has a lot of faith in management.


Price: $11.320
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2014-10-24 PAST TOP PICK CCL Industries (B)
CCL.B-T
James Telfser

(A Top Pick Nov 26/13. Up 36.9%.) Labels. Growth will be about 3%. Considers this as an anchor position in his portfolios. This gives a lot of kickers, in that they can make acquisitions. Generates a lot of cash. Every acquisition they have made has been hugely accretive.


Price: $114.500
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2014-10-24 PAST TOP PICK Com Dev International Ltd.
CDV-T
James Telfser

(A Top Pick Nov 26/13. Down 5.69%.) Sold his holdings but is now back into it at lower levels. A very lumpy business where you are selling big projects. All the budget constraints on satellites in the US affected them. To offset that, there is positive news coming out of their ExactEarth, which tracks ships, etc. all over the globe through satellite.


Price: $3.670
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2014-10-24 BUY Chesswood Group
CHW-T
Jason Donville

Great company. Doesn't quite have the ROE that he looks for, but even so it is a Buy. Thinks the dividend is going to be fine. Got a little bit ahead of itself when it went up to $18-$19. At this price it is quite attractive.


Price: $13.970
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: No
2014-10-24 BUY on WEAKNESS Clearwater Seafoods Inc.
CLR-T
James Telfser

A very interesting consumer staple name in Canada which has good upside. Pricing has been very firm on shellfish. This company has a very defined growth strategy, looking for new quotas or companies they can buy to get more supply, to be able to sell more. In the meantime, you are getting a company that generates a reasonable amount of cash. They pay a little dividend, and it is not a bad business to be in. Defensive in that they sell globally. Demand for seafood is picking up. He would wait for a bit of a pullback.


Price: $11.240
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2014-10-24 DON'T BUY Capital Power
CPX-T
James Telfser

For a long time hold, this is probably one of the better utility names that he likes. A good play. Power prices have been quite low in Alberta where they have a lot of their business. Struggled in this most recent quarter and got hit pretty hard for a utility. A more interesting name, that has more upside in the next 6 to 24 months, would be Brookfield Asset Management (BAM.A-T).


Price: $25.870
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2014-10-24 HOLD Crew Energy Inc.
CR-T
Jason Donville

One of the premier up and coming natural gas names. If you are bullish on natural gas, this is a good name. Stock is still weak here. Don't sell your energy stocks now, wait until the coldest time of the year, such as January.


Price: $7.320
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: Unknown
2014-10-24 TOP PICK Constellation Software Inc.
CSU-T
Jason Donville

(A Top Pick Oct 18/13. Up 61.96%.) His target price for the end of 2015 is $400. They are the best allocators. Have a strong balance sheet. If you are only going to own one stock in Canada right now, this would be it. Trading at 16.5X 2015 earnings, and is growing at 30% a year.


Price: $295.590
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: Yes
2014-10-24 DON'T BUY Difference Capital Financial
DCF-T
Jason Donville

This is going to be a tough company for the retail investor to own into. There are obviously some very good personalities behind this company, but there are not a lot of earnings right now. They have a lot of investments that are in non-public companies or almost like venture capitalist type of investments. There are probably better ways to play this area.


Price: $1.360
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: No
2014-10-24 DON'T BUY DHX Media
DHX.B-T
James Telfser

Valuation on this is too rich for him. They are building in a lot of the positive news that has happened. It has been a good story.


Price: $8.980
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2014-10-24 TOP PICK Cipher Pharmaceuticals Inc.
DND-T
Jason Donville

We are in an environment right now where pharmaceutical companies are very hot commodities. You either have to acquire things or you have to be acquired. This company is attractive in both respects. Have a great lead drug for teenage acne which is doing very well. Also, have a lot of cash. This could simultaneously be a very attractive acquisition or they could turn around and use that cash to buy other things in their product offering. They have a lot of options right now. His guess is that we are going to get reconciliation one way or another in the next six months. They are either going to buy a bunch of stuff or going to get a big pop in their rating or get taken out by somebody at a higher price. Trading at 13X earnings with about a 35% ROE.


Price: $11.600
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: Yes
2014-10-24 HOLD Encana Corp
ECA-T
James Telfser

Has been impressed with this company. All the deals they have been doing recently to transform themselves into what it is today, is going to be good for them in the long run. Balance sheet is a lot cleaner now than it used to be. They are executing on the plan that they set out for themselves. Would look at this one if the market started to turn around.


Price: $20.630
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2014-10-24 HOLD Element Financial
EFN-T
James Telfser

Great story. Doesn't hold, but one of the ones that are at the top of his radar. Looks interesting where it is trading. Made some big deals. He likes companies that make transformational deals where the market is not giving credit. Analysts’ estimates revisions have been very high. A little higher on evaluation side than where he wants to be, so hasn't pulled the trigger yet.


Price: $12.840
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2014-10-24 DON'T BUY Element Financial
EFN-T
Jason Donville

This one makes him a little bit nervous in terms of valuation and the rate at which they acquire businesses and the kind they acquire. At this stage in the cycle, this is not one that he would be an owner of. Generally speaking, as the economic cycle goes longer and longer, investors  should lighten up on financials. Some day, when things go bad, financials will lead us into it.


Price: $12.840
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: No
2014-10-24 COMMENT Empire Company (A)
EMP.A-T
James Telfser

Empire (EMP.A-T) or High Liner (HLF-T)? He would choose this company. It is defensive in this environment of volatility. The last quarter they reported was quite strong and they beat expectations. Margins had grown. Saw some of the synergies from the Safeway acquisition start to come through, and he thinks this is going to just accelerate. Food inflation has actually been okay.


Price: $76.500
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2014-10-24 BUY Equitable Group
EQB-T
Jason Donville

Good company. Screens very well right now. He has made his bets on Home Capital (HCG-T), which has a higher return on equity. In the context of everything he looks at, both of these would be a Buy.


Price: $65.700
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: No
2014-10-24 TOP PICK Firstservice Corp
FSV-T
James Telfser

Considers this as an anchor in financial services. Huge amount of recurring revenue from a lot of their brands. They manage residential buildings as well as owning a lot of interesting businesses. The crown jewel for them is their Colliers brand, which is selling businesses, but also managing portfolios of commercial buildings. This business has been growing in the low double-digits, and he expects it to continue. Margins have been growing. Dividend yield of 0.72%. A company that you can hold for many years and be rewarded.


Price: $62.620
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2014-10-24 TOP PICK CGI Group (A)
GIB.A-T
Jason Donville

The long-term on this company is that every year it has 20% ROE. Trades at 9.9X 2015 earnings. Well-managed and throws off a lot of cash flow. They buy back their stock. He is pretty comfortable that it will be 20% higher. It should be $8 higher in year’s time.


Price: $37.470
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: Yes
Showing 181 to 240 of 133,467 entries