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

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Date Signal Company Expert Opinion Price
2016-02-08 COMMENT BMO Equal Weight Utilities Index ETF
ZUT-T
Larry Berman CFA, CMT, CTA

ZWU-T vs. ZUT-T.  ZUT-T is equal weight utilities in Canada.  ZWU-T is 80% Canada and utilities also include pipelines and telcos and it has a covered call overlay. He prefers this because it is more diversified and has the covered call overlay.


Price: $15.390
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2016-02-08 BUY BMO Europe High Dividend Covered Call Hedged to CAD ET
ZWE-T
Larry Berman CFA, CMT, CTA

European good quality dividend paying stocks with a covered call overlay.  It is a fine way to play in a defensive market.  This is the way to do it as they hedge the currency risk out.


Price: $17.840
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2016-02-08 BUY BMO Covered Call Utilities ETF
ZWU-T
Larry Berman CFA, CMT, CTA

ZWU-T vs. ZUT-T.  ZUT-T is equal weight utilities in Canada.  ZWU-T is 80% Canada and utilities also include pipelines and telcos and it has a covered call overlay. He prefers this because it is more diversified and has the covered call overlay.


Price: $12.610
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2016-02-05 N/A A Comment -- General Comments From an Expert
A Commentary
Allan Meyer

Markets. We are in a lower growth environment and people are going to have to ratchet their expectations down. The Canadian market has been dramatically affected by the oil price, not only affecting the auto sector, but bank stocks as well. Thinks we are in to a new era where we have a lower growth. We are in an aging demographic where people are saving more. He loves dividend paying stocks. Rather than the volatility, he prefers more of the good old steady Eddie, and dividends are a big focus for him. Likes technology for finding safe value companies, especially in the US.


Price: $0.020
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: _N/A
2016-02-05 COMMENT A Comment -- General Comments From an Expert
A Commentary
Allan Meyer

High-yield ETF Bond Funds such as XHY-T or ZHY-T? These have come under a lot of pressure recently because 20% of these funds are in oil/gas related industries, and there is a lot of concern that these companies are going to fail and not be able to make their payments on their debts. He has not seen any evidence of that. Default rates are not anywhere near high levels. This is an area that could do significantly better if oil prices stabilize.


Price: $0.020
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 WAIT Barrick Gold
ABX-T
Hap (Robert) Sneddon FCSI

This will be volatile. Gold responds more to currency fluctuations than anything else. It is a bit of a myth that gold is an inflation hedge. The concern he has is that there could be some big currency moves out of China. A lot of producers tend to move ahead of the commodity by 3-4 months. He would wait for the gold producers to come back. Thinks this will be higher 3 months from now.


Price: $16.190
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: No
2016-02-05 COMMENT Altagas Ltd
ALA-T
Allan Meyer

They have more and more operations trying to ship LNG out of the West Coast of the US. Nothing wrong with the company. This has been lumped in with the energy sector, so seems to have been hurt by that comparison. Have long “take or pay” contracts, so the operations are very stable. Prefers Inter Pipeline (IPL-T). Great yield of 6.25%.


Price: $31.700
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2016-02-05 HOLD Algonquin Power & Utilities Corp
AQN-T
Allan Meyer

(Market Call Minute.) Doesn’t know this one very well.


Price: $11.980
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: No
2016-02-05 BUY Aecon Group Inc
ARE-T
Allan Meyer

(Market Call Minute.) Safe and would buy it.


Price: $14.270
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 DON'T BUY Bank of America
BAC-N
Hap (Robert) Sneddon FCSI

Thinks banks are going to have a tough time. They ran up in anticipation of higher interest rates, but that has now been put in doubt. $15.40 is the point of resistance, and currently we are in no man’s land until we get there. Banks would not be the first place he would look.


Price: $12.950
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 COMMENT Brookfield Asset Management (A)
BAM.A-T
Hap (Robert) Sneddon FCSI

A really good name. Trying to form a base at around the current level. These guys are really good at being alternative asset managers. Watch for levels for finding support. Make sure it holds the level where it is at and doesn’t go lower.


Price: $40.090
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: No
2016-02-05 BUY BCE Inc.
BCE-T
Allan Meyer

Just reported and are increasing their dividend. This stock almost fits everybody. Great business and good management. Yield of 4.7%.


Price: $58.160
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2016-02-05 BUY Bird Construction Income Fund
BDT-T
Allan Meyer

(Market Call Minute.) This is engineering and there is going to be more money coming from the federal government into this area.


Price: $11.950
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 COMMENT Cameco Corporation
CCO-T
Hap (Robert) Sneddon FCSI

Has a $12.50 target on this. Wouldn’t be surprised if the stock gaps down tomorrow. This is certainly going to be volatile.


Price: $17.160
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 DON'T BUY Crescent Point Energy Corp
CPG-T
Allan Meyer

They had said their dividend was safe, and then followed that by cutting it. Based on where we are with current oil prices, they may have to cut the dividend again. At these levels they are barely covering their cash costs, and are not able to spend enough money on maintaining their production to capital expenditures.


Price: $15.150
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: No
2016-02-05 COMMENT Crescent Point Energy Corp
CPG-T
Hap (Robert) Sneddon FCSI

In his view this as a bit more of a conservative energy stock. Chart shows a double bottom (August and January), which is quite interesting. That is where the market has seen value. You are probably going to find resistance right where we are right now. This is not a bad place. Dividend yield of 7.9% is a little high.


Price: $15.150
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: No
2016-02-05 COMMENT Canadian Solar Inc.
CSIQ-Q
Allan Meyer

Solar panel manufacturer. A Canadian company with operations in Canada, but is basically a US company. They get a lot of their product out of China. However, there are a lot of strange cross currents. Very difficult to get information on this company. Very volatile.


Price: $19.440
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: No
2016-02-05 PAST TOP PICK Dominion Diamond
DDC-T
Allan Meyer

(A Top Pick May 14/15. Down 32.85%.) Sold his holdings at $20, so his clients made money.


Price: $15.650
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: No
2016-02-05 COMMENT Emera Inc
EMA-T
Allan Meyer

Ranks well in his program, but so far they haven’t had much earnings growth. Prefers others. Dividend yield of 4.2%.


Price: $45.960
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: No
2016-02-05 COMMENT First Quantum Minerals
FM-T
Hap (Robert) Sneddon FCSI

This is a space that is down and out, and is really impacted in the short term by its relationship to the US$. Chart shows a little rounding bottom and he expects resistance at around the $5 level.


Price: $3.930
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: No
2016-02-05 COMMENT Hydro One
H-T
Allan Meyer

He stays away from new issues. It’s an area where you have increased risks. There is no history with management or how it is going to react in the market. Doesn’t rank well in his program being in the bottom quartile, partially because it doesn’t have any history.


Price: $23.120
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: No
2016-02-05 COMMENT Inter Pipeline
IPL-T
Hap (Robert) Sneddon FCSI

Energy as a whole will be volatile, but the 1st place we are going to see a sort of safer bid will be in a pipelines. Chart shows a recent small nascent break to the upside which is very positive. He would look at this on a short-term basis, and then add to it if it proves itself based on that trend. Dividend yield of 6.8%.


Price: $22.690
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 DON'T BUY Kelt Exploration
KEL-T
Allan Meyer

Thinks oil is close to a bottom and you can start picking your favourites out, but he would not be buying oil/gas companies right now. We still have an extended period of time, maybe the rest of the year, before we have a sustained movement up. This is not a bad company and has a decent track record, but these companies are not making money.


Price: $3.750
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: No
2016-02-05 COMMENT LinkedIn Corporation
LNKD-N
Hap (Robert) Sneddon FCSI

Had a dramatic 43% drop today. It is a tough call, but this could be where it settles in. If you want to try and trade this, the best thing you could do is keep this low of the day sacrosanct. It is really difficult to try to trade this for some short move.


Price: $108.380
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 TOP PICK Linamar Corp
LNR-T
Allan Meyer

Low debt, good interest coverage and has a 7-8 times on a price to earnings basis going forward. Also, has good free cash flow which can be used to increase the dividend, buy back shares or make an acquisition. Dividend yield of 0.76%.


Price: $52.720
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 PAST TOP PICK Magna Int'l. (A)
MG-T
Allan Meyer

(A Top Pick May 14/15. Down 31.18%.) Even though there has been a significant drop in the share price, he doesn’t have a Sell signal from analysts decreasing their earnings estimates. Trading at around 7X earnings and has a very low debt to equity. Still a Buy.


Price: $45.480
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 COMMENT Magna Int'l. (A)
MG-T
Hap (Robert) Sneddon FCSI

The chart shows no place to hang your hat on. There is a downtrend from November. It broke that at around $58 and then continued down to the $45 range. What you want to see is backfilling up to the $58 level. If we don’t see it holding in at $44, there is probably going to be some more downside pressure.


Price: $45.480
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 TOP PICK Metro Inc (A)
MRU-T
Allan Meyer

Trading around its market multiple on earnings, so is pretty comfortable with it. It also has a low debt level and good interest coverage. For uncertain times, this is a nice stable area where you won’t see a huge amount of fluctuation in their revenue or earnings. 1.36% dividend yield.


Price: $41.090
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 COMMENT NexGen Energy
NXE-X
Hap (Robert) Sneddon FCSI

A lot of indicators are saying this is not overextended. Because this stock is smaller, it can change really quickly and technicals almost don’t matter. Chart shows a nice long upward trend, and if they can get above the current price, we are probably looking at some pretty good upside. $0.70 is a place where he would be concerned that it is probably going to come back down to the $0.45 range.


Price: $0.840
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 TOP PICK Proctor & Gamble
PG-N
Hap (Robert) Sneddon FCSI

This is a way to play the consumer staples sector where you are trying to get the best of the group. Has an upside target of around $97. The risk/reward is pretty good from here.


Price: $81.200
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Yes
2016-02-05 COMMENT Painted Pony Petroleum
PPY-T
Hap (Robert) Sneddon FCSI

Chart shows a long downward run from June, leveling off in December. It is now going up, but you are going to have to have tight Stops on it in order to control your risks.


Price: $4.290
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 PAST TOP PICK Ritchie Bros Auctioneers Inc.
RBA-T
Allan Meyer

(A Top Pick May 14/15. Down 6. 76 %.) This is still a Buy. Has a free cash flow to enterprise value of over 11%. Very low debt level and a healthy dividend.


Price: $32.000
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 TOP PICK Transalta Renewables
RNW-T
Allan Meyer

The parent company Transalta (TA-T) keeps pushing their stuff down, and doesn’t want to see them get into any trouble. Owns wind farms and some Hydro operations. Payout is high at 90%, but he is not concerned about the dividend. Dividend yield of 8.64%.


Price: $10.320
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 COMMENT Russel Metals
RUS-T
Hap (Robert) Sneddon FCSI

This has had a big move down, but compared to a lot of other investments it has actually held quite well. Had a breakdown in the latter part of 2014 which was a pretty good warning sign. If it holds right where it is at, it will be pretty interesting at this price.


Price: $16.310
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 BUY Student Transport of America Ltd.
STB-T
Allan Meyer

Ranks very well in his program. Has had very good earnings growth and reasonable coverage on their interest payments. Dividend yield of 12%.


Price: $5.110
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2016-02-05 BUY Telus Corp
T-T
Allan Meyer

(Market Call Minute.) At $40 or lower, this is a great buy.


Price: $40.450
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2016-02-05 COMMENT Teck Resources Ltd. (B)
TCK.B-T
Hap (Robert) Sneddon FCSI

This has had an absolute killer of a downtrend. Chart shows a little bit of a rounded bottom currently, and that is actually pretty positive. He would look at that is a place to hang your hat on. $6 can be a really important level for it to hold. It really has to catch some momentum before you get some investors, so it is going to be volatile until then.


Price: $6.000
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 COMMENT Tricon Capital Group
TCN-T
Allan Meyer

A real estate manager with over $2 billion worth of a wide range of properties in the US. Everything from single family homes to some lower cost properties. Has a decent dividend. He likes this company. Has underperformed recently and is not sure if this is just going down with the real estate sector or something to do with the oil prices. Vacancy rate is well under 10% for their properties.


Price: $8.310
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 BUY Toronto Dominion
TD-T
Allan Meyer

Banks have come off 5%-17% from their recent highs, and this is a great buying opportunity. You are getting them well below market multiples. He prefers using the BMO S&P TSX Equal Weight Bank Index (ZEB-T).


Price: $52.400
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2016-02-05 PAST TOP PICK iShares 20+ yr Tr. Bond ETF
TLT-N
Hap (Robert) Sneddon FCSI

(A Top Pick Feb 9/15. Up 1%.) Looking to buy more of this. Has a target of $149 for this in one year.


Price: $126.670
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Yes
2016-02-05 TOP PICK Trans Canada Corp
TRP-T
Hap (Robert) Sneddon FCSI

A good place to get back into. It sort of represents a “1st in/last out” philosophy. The downtrend has been broken. They are trying to focus on liquid gases to diversify bases a little. Has a really nice dividend. His target a year from now is around $59.


Price: $49.400
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Yes
2016-02-05 BUY Valener Inc.
VNR-T
Allan Meyer

(Market Call Minute.) Loves this. A nice stable business.


Price: $19.720
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 COMMENT Whitecap Resources
WCP-T
Hap (Robert) Sneddon FCSI

There is a long downtrend from April. Chart shows it has just made a higher low, but it needs to have a little more meaningful legs to it, as it has to break out of down trending and move up. There is going to be a lot of volatility in the energy sector.


Price: $6.980
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 TOP PICK Wal-Mart Stores Inc.
WMT-N
Hap (Robert) Sneddon FCSI

A good example of a name that has been beaten up, which he thinks has done something really interesting. Thinks this is going to get to $79 from cost savings through 269 stores being shut and them focusing on their express, groceries and pharmacies.


Price: $67.000
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Yes
2016-02-05 COMMENT Winpak Ltd.
WPK-T
Allan Meyer

Likes this company. No debt. Has a market multiple, so is not cheap, but has been a great performer over the last year. Good free cash flow to enterprise value.


Price: $42.590
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Yes
2016-02-05 PAST TOP PICK SPDR Consumer Staples ETF
XLP-N
Hap (Robert) Sneddon FCSI

(A Top Pick Feb 9/15. Up 4.63%.) This has been in a pretty stable band for quite a while.


Price: $49.630
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2016-02-05 PAST TOP PICK BMO India Equity Hedged to CAD ETF
ZID-T
Hap (Robert) Sneddon FCSI

(A Top Pick Feb 9/15. Down 10.11%.) Sold his holdings. This one is very volatile. Still likes it and thinks India is one of the best names for investors in Cdn$’s, but the downtrend has to be broken first.


Price: $17.040
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: No
2016-02-05 BUY BMO Low Volatility US Equity ETF
ZLU-T
Allan Meyer

BMO has a great suite of ETF’s. This one has done very, very well. You can buy this and set it aside, and you are going to do well.


Price: $28.690
Subject: CANADIAN & ETF's
Bias: UNKNOWN
Owned: Unknown
2016-02-04 N/A A Comment -- General Comments From an Expert
A Commentary
Brian Acker, CA

Markets. The US dollar trade is probably the most crowded trade around.  The US economy is the only game in town.  If the US$ continues to go up, then all assets will go up.  He questions what China will do with the RMB (their currency), with it being pegged to the US$.  It is very expensive for them.  The current rally is because China announced they would not devalue the RMB.  He does not think the Chinese will have to let their currency devalue.  He thinks the US dollar with go 50% higher.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US ECONOMY
Owned: _N/A
2016-02-04 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Sprung

Market. January was a shock for everyone; how suddenly it fell, followed by a great deal of volatility, and Japan going into negative interest rates. Feels it is almost a global restructuring of markets, industries, etc. We came out of a fairly long period of a good bull market, but there had been some excesses built into that, a lot of it fed by low interest rates. Now a lot of companies are in stress, especially with low commodity prices. We are beginning to see a realignment of industries. Although it is painful, especially with the volatility, it presents quite a few opportunities for investors. This is the time you really should be looking to upgrade holdings in your portfolio as to where you can get positions of the better quality companies. He has been picking away at some positions buying a little bit, and if it goes down, maybe averaging down. If he puts in a bid and it doesn’t get a hit, he doesn’t chase it.


Price: $0.020
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: _N/A
2016-02-04 COMMENT A Comment -- General Comments From an Expert
A Commentary
Michael Sprung

Gold? A lot of people have had a connection between gold and inflation, and yet the correlation between the 2 has not been that strong. The thought that we could be heading towards a deflationary situation, has made something like a hard asset like gold look more attractive. As a value investor, gold companies are very tough investments to buy, as they always trade at extraordinary multiples. However, if you look at them over a business cycle and what you are paying for them at any particular time, you can do pretty well. He always limits gold exposure in his portfolios to 5% or less. He would look at the strong primary players. His favourite would be Goldcorp (G-T) right now, and Agnico-Eagle (AEM-T) has some interesting projects coming online.


Price: $0.020
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-04 TOP PICK Apple
AAPL-Q
Brian Acker, CA

44% upside.  They missed on their iPhone volumes.  It is not devastating.  His model price is still $138.  He does not think you can get hurt here.  The 2% dividend will probably go higher.


Price: $96.600
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US ECONOMY
Owned: Yes
2016-02-04 BUY on WEAKNESS Abbott Labs
ABT-N
Brian Acker, CA

He likes it.  Everything under healthcare has been under pressure.  Model $39 with a 3% upside.  At $31 he would be very excited.


Price: $38.010
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US ECONOMY
Owned: Unknown
2016-02-04 HOLD Altagas Ltd
ALA-T
Michael Sprung

Valuation is beginning to look fairly reasonable. Just announced they are going to sell their non-core natural gas and processing assets to Tidewater (TDW-N), and going to end up owning almost 20% of that company. It looks like management has been taking strides to enhance the productivity of the assets that they have. Dividend seems to be very well covered from available funds of operations. Looks like a reasonably good company to own.


Price: $31.850
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2016-02-04 PAST TOP PICK Aecon Group Inc
ARE-T
Michael Sprung

(A Top Pick Feb 25/15. Up 24.9%.) Were really impacted because of great exposure in Alberta, but thinks that was an overreaction by the market. Have been gaining some significant contracts. Still a Buy.


Price: $14.290
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-04 TOP PICK Arc Resources Ltd
ARX-T
Michael Sprung

In exploration, development, crude oil, natural gas and natural gas liquids. They are in 5 core areas. One that they are putting a great deal of emphasis on is the Montney area, where they have had great success. Trading at 6 to 8 times price to cash flow. Has a very strong balance sheet and very good participation in their DRIP program. Dividend yield of 6.56%.


Price: $18.290
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
2016-02-04 SELL Bank of America
BAC-N
Brian Acker, CA

This is one of the toughest spaces.  The market is having trouble with three things.  The third is that the world financial banks are under huge pressure in terms of price.  He prefers DB-N.  BAC-N has been pounded into the blue since the beginning of this year.  It means the market does not believe the balance sheet.


Price: $13.250
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US ECONOMY
Owned: Unknown
2016-02-04 COMMENT Bombardier Inc (B)
BBD.B-T
Michael Sprung

A speculation, not an investment. It is something you could make a whole lot of money at or it could go to zero. An overlevered company that has been poorly managed for a number of years. There is a strong control block that doesn’t want to let go. Has been largely propped up by government largess, both provincially and federal. Thinks their C series is too delayed and too late.


Price: $0.870
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Unknown
2016-02-04 COMMENT Bank of Montreal
BMO-T
Michael Sprung

All the banks look fairly reasonable, and it’s just a matter of which ones you want to own. It has taken this one a long time to get any payback and reasonable return on investment on their ventures into the US. They recently had some good moves. Sold their retirement service business as well as some other non-core assets. Selling at a bit of a discount at 1.3X Book, where others are higher. If it got a lot cheaper, he would certainly be looking at it. Dividend yield of 4.5%.


Price: $74.510
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: No
2016-02-04 TOP PICK Bank of Nova Scotia
BNS-T
Michael Sprung

For a long time this bank had a premium valuation. With their exposure to South America, which is largely dependent upon mining, that valuation has come off quite a bit. Their main exposure is in Mexico, Chile, Peru and Colombia, and the view is that their GDP growth is likely to be under 3% for the next year or so. However, they are gaining market share there. Efficiency ratio is fairly strong, so it is a profitable region for them. Trading at about 1.4 X Book. Dividend yield of 4.82%.


Price: $56.860
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: Yes
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