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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
2015-07-22 COMMENT BlackBerry
BB-T
Allan Meyer

This makes his list because it doesn’t have excess of debt, but it ranks in the bottom half of all the companies that he looks at. It wouldn’t be on his list of companies that he would be buying. There is no dividend. They seem to be really working hard to surface the value of the company.


Price: $10.040
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-22 COMMENT Bombardier Inc (B)
BBD.B-T
Allan Meyer

Preferred dividends? There was a downward movement in the stock today. They had a conference call with their treasurer to talk about liquidity concerns. Preferred shares would be one of the last places where they would want to cut the dividend. You are protected a little bit, but they could cut those dividends as some point.


Price: $1.690
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-22 BUY on WEAKNESS Biogen IDEC Inc.
BIIB-Q
Gordon Reid

Has been watching this for a little while. It doesn’t trade at an extreme valuation and they have a nice pipeline. A drug that propelled them recently was their new Alzheimer’s one that is still in testing. A very promising drug. In a short time they are going to come out with the results of a new test on it. He thinks the market will react on this, so he would be hesitant to buy in front of that. If you can buy this in the $350-$375 area, it has a lot of promise.


Price: $391.740
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2015-07-22 COMMENT Baytex Energy Corp
BTE-T
Allan Meyer

Great company, but he is staying away energy. It could be quite a while yet. Looking for oil to maintain at around $48.


Price: $13.770
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-22 COMMENT Blackstone Group LP
BX-N
Gordon Reid

An interesting company. Have about $280 billion of assets. It is a pure play on the financial industry. They manage private equity groups, mezzanine financing, senior debt offerings, etc. Heavily related to the real estate market. They have done well. Have about $45-$50 billion in their war chest. It is a limited partnership and there are tax ramifications for Canadians.


Price: $41.500
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2015-07-22 COMMENT iShares Equal Weight Bank & Lifeco ETF
CEW-T
Allan Meyer

Canadian Banks? Has been tempering his love of the Canadian banks through this ETF which holds lifecos as well. Canadian banks have been down this year, but they have great yields on them and are great at cost cutting.


Price: $10.040
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 COMMENT Crescent Point Energy Corp
CPG-T
Allan Meyer

One of the better companies. Likes what they are doing. Good strong control. Picking up some of the weaker companies. The trouble is, you have low oil prices. Hopefully their hedges last long enough that they don’t have to start worrying about the current prices of oil. They have been able to hold their dividend in. There is a lot of pressure on oil. He is looking for oil to maintain at around $48. He is not a fan of oil and gas.


Price: $21.000
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-22 COMMENT Canadian Tire Corporation Ltd. (A)
CTC.A-T
Allan Meyer

This company has been amazing. They have done really, really well. They got the Forzani group. Have spun off the real estate trying to recognize some of the value. Have had a lot of competition over the years but they seem to rise to the top. The only trouble is, they don’t have the dividend yield that the banks have.


Price: $131.440
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-22 PAST TOP PICK CVS Health Corp
CVS-N
Gordon Reid

(A Top Pick July 24/14. Up 41.79%.) Recently bought Omnicare, a provider of long-term care, which wrote over 100 million prescriptions last year. They have a demographic tailwind. Also, have new healthcare regulations in the US, which is making it easier. A great space to be in. Still a Buy.


Price: $110.980
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2015-07-22 PAST TOP PICK Dominion Diamond
DDC-T
Allan Meyer

(A Top Pick May 14/15. Down 30.11%.) They reported disappointing earnings and the analysts quickly ratcheted down their estimates. Sold his holdings.


Price: $16.600
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2015-07-22 TOP PICK DH Corporation
DH-T
Allan Meyer

One of the companies that was able to make the transition from the old type of technology. They are now considered more like a financial services tech company. Made an acquisition using the cash they had as well as some debt. Still have a reasonable amount of debt to equity. Still thinks it has momentum behind it. Yield of 3.09%.


Price: $41.550
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 COMMENT Walt Disney
DIS-N
Gordon Reid

Time Warner (TWX-N) versus Disney (DIS-N)? These are both great companies. Thinks Time Warner has a better valuation profile and is not as expensive.


Price: $119.330
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2015-07-22 COMMENT Medical Facilities Corp.
DR-T
Allan Meyer

A Canadian listed company with operations only in the US. Earnings are in US dollars. Great yield of almost 8% and very good cash flow.


Price: $14.210
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 BUY FedEx
FDX-N
Gordon Reid

UPS (UPS-N) versus FedEx (FDX-N)? Of the 2, he would buy this. This is in the middle of a reorganization that is saving them about $1.6 billion a year, which is pretty meaningful. A lower fuel cost is also very important.


Price: $168.500
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2015-07-22 HOLD Gibson Energy
GEI-T
Allan Meyer

This doesn’t rate very well in his strategies, and yet it is a good dividend payer. You are exposed to the activity in the oil/gas area, not so much the oil/gas prices. If you own, he would be tempted to stay with this even though it rates so low. Doesn’t feel the dividend is going to get cut at this point.


Price: $19.590
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-22 SELL Corning Inc
GLW-N
Gordon Reid

Did a deal with Samsung where they bought out their joint venture and gave the company quite a boost. A lot of the products that this company is involved with can be commoditized. Whenever that happens, you tend to find that you sell more of it, but at a lower price. As an investor, that is not a great place to be.


Price: $18.780
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2015-07-22 COMMENT Hudson Bay Co.
HBC-T
Allan Meyer

They acquired a German company, and then sold off the real estate for basically the purchase price. He thinks management has been brilliant. They are now introducing some of the Saks stores into the Hudson Bay as well. It ranks in the 1st quartile of his Safety/Value strategy.


Price: $27.080
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-22 DON'T BUY Johnson & Johnson
JNJ-N
Gordon Reid

Made up of about 40%-45% pharma with the rest split between diagnostics and consumer products. The Pharma side is doing very, very well. The consumer side is doing pretty well, but diagnostics and devices are not doing so well. Trading at a relatively rich multiple and their growth is somewhat muted.


Price: $100.180
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2015-07-22 COMMENT Kraft Heinz Company (merged)
KHC-Q
Gordon Reid

Prefers companies with pure growth that comes off the top line. You can only cut costs and become more efficient for so long. What tends to happen with a lot of these stocks is that people assign them a valuation that assumes that the cost cutting can go on indefinitely. This is a good solid company, but too expensive.


Price: $78.640
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2015-07-22 DON'T BUY Lockheed Martin
LMT-N
Gordon Reid

An expensive stock. Trading well above where it normally has traded. Just bought Sikorsky. Fairly high debt levels at about 70% of capital. Also, have the F 35 program, which has been mired in controversy. In the end, it may turn out to be a real cash cow for them. At this point he would probably pass.


Price: $202.790
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2015-07-22 COMMENT Manulife Financial
MFC-T
Allan Meyer

He likes this one. You see interest rates go up, this is one of the companies that should do fairly well. Below the market multiple at about 13.5X price to earnings. Dividend yield of about 2.5%.


Price: $23.400
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 PAST TOP PICK Magna Int'l. (A)
MG-T
Allan Meyer

(A Top Pick May 14/15. Up 4.71%.) Is still quite pleased with this. A good performer. They recently did an acquisition of a German company, so they are using up a little bit of their cash hoard. It still rates very, very well. Relatively inexpensive.


Price: $70.260
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 TOP PICK Priceline.com Inc.
PCLN-Q
Gordon Reid

An online site for booking travel and they have hundreds of thousands of relationships with hotels globally. Last quarter they grew international bookings at 29% year-over-year. It is still growing extremely robustly. Currently trading at about 18X this year’s earnings. He is expecting $65 of earnings per share this year.


Price: $1233.970
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2015-07-22 DON'T BUY Proctor & Gamble
PG-N
Gordon Reid

He would have to categorize this with a lot of other consumer package companies. They are good companies, but tend to struggle for a catalyst. They tend to be low single digit growers. In many, many cases they are trade at an exaggerated P/E ratio, in large part because of the dividends. They have offered higher dividends because they have predictability of cash flow. In the low interest rate environment it is very attractive, but interest rates are about to start to rise. High dividend payers will have less cache and the multiples are going to suffer.


Price: $80.830
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2015-07-22 PAST TOP PICK Ritchie Bros Auctioneers Inc.
RBA-T
Allan Meyer

(A Top Pick May 14/15. Down 0.14%.) This still rates very well in his ranking and still looks like very good value. Has decent free cash flow of about 6%. They are earning lots of money to cover their interest payments.


Price: $34.170
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 TOP PICK Richelieu Hardware
RCH-T
Allan Meyer

Not really a hardware store, but they supply hardware to various things. Import a lot and manufacture and distribute specialty hardware. It does have free cash flow and net cash on the balance sheet. Strong balance sheet. Dividend yield of 0.83%.


Price: $66.000
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 COMMENT Sandvine Corp.
SVC-T
Allan Meyer

Rates in the 1st quartile in his strategy ranking. It does not pay a dividend. PE is a little high, but it has great free cash flow at about 7.8%. You don’t buy this for the dividend, you buy it for the increase in value. They have no debt.


Price: $3.490
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 BUY Tricon Capital Group
TCN-T
Allan Meyer

This has housing in the US. One of his favourites. Good cash flow that is very reasonable. Debt to equity is about 30%.


Price: $11.970
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 TOP PICK Toll Brothers Inc.
TOL-N
Gordon Reid

One of the luxury builders in US housing. They have pricing power and are still coming off the 2008 problem and are getting volume increases. They have secured about 8 years’ inventory of land. Household formations are running at about 1 million a year, and historically they have run at about 50% higher.


Price: $38.770
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2015-07-22 BUY Time Warner Inc
TWX-N
Gordon Reid

Time Warner (TWX-N) versus Disney (DIS-N)? Both are great companies. This one has a better valuation profile and is not as expensive. It is a content company. It has CNN, People’s Magazine as well as HBO. HBO is a very exciting opportunity for them. They just introduced an over-the-top option that is making HBO available to people who don’t have a cable subscription. They are committed to return of capital to stakeholders. They expect they will make $6 in 2016 and $8 in 2018, which is a very exciting prospect for investors.


Price: $88.720
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2015-07-22 BUY on WEAKNESS Union Pacific Corp
UNP-N
Gordon Reid

They have done good things. The problem he has with this and all rails is valuation. The drop in price is helping the valuation. Trading at about 15X this year’s earnings and is starting to get into range, but it is at the high end of its historical range. He would like to see it correct a little more. About 18% of their revenue comes from coal. Also, oil by rail has hurt, but that is very much a temporary situation. On the plus side their intermodal business is very good. You could step in now and in time you will do well, but he would like to see a drop another 5%-7%, which would be a great entry point.


Price: $97.680
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2015-07-22 COMMENT United Parcel Services
UPS-N
Gordon Reid

UPS (UPS-N) versus FedEx (FDX-N)? Of the 2, he would buy FedEx. This one has had some operational stumbles. In the last 2 holiday seasons, it has not executed the way FedEx has, and it has come home to roost.


Price: $97.230
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2015-07-22 TOP PICK Visa Inc.
V-N
Gordon Reid

A transaction company and transactions are growing internationally at 10%+, domestically and in Canada in the high single digits. They are able to grow their earnings at the 18%-20% annual rate. Not an inexpensive stock, but certainly the growth supports the valuation. Have a couple of things coming up that are exciting. They have the Olympics in Brazil as well as FIFA in Brazil. Both of those are sponsored by this company, and there is always a very big uptick in terms of transaction growth when advertise through these mediums. Dividend yield of 0.67%.


Price: $71.970
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2015-07-22 DON'T BUY Whole Foods Market Inc.
WFM-Q
Gordon Reid

Suffered from a little bit of a slowdown. Opened a number of stores and there has been some cannibalization of existing stores. Same-store sales growth has been somewhat anaemic, and yet it continues to trade at a very, very high multiple.


Price: $41.150
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2015-07-22 COMMENT Westjet Airlines
WJA-T
Allan Meyer

This has come under a lot of pressure. There has been talk of the pilots unionizing. Also, they recently cut their 2nd quarter revenue forecasts. Analysts are now seeing that it has overshot on the downside and you need to pick it up. PE is less than 8 times. There should be further upside from here.


Price: $21.330
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 TOP PICK Winpak Ltd.
WPK-T
Allan Meyer

Has a wide variety of packaging stuff and are also into the pharmaceuticals as well. This has been one of the best performing stocks that he has owned. Management owns over 50% of the shares. Dividend yield of 0.28%.


Price: $43.550
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-07-22 BUY iShares S&P 500 (CAD-Hedged) ETF
XSP-T
Allan Meyer

ETF’s or stocks for $5000 a year TFSA account on a 10-12 your hold? He thinks a broad-based ETF would make a lot of sense. One of the indexes that he likes is the S&P 500, which is much better diversified than the Canadian one.


Price: $24.410
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-22 COMMENT iShares S&P 500 (CAD-Hedged) ETF
XSP-T
Allan Meyer

An all season ETF for a dividend investor? He likes this one which gives you a much better diversification than you can get in the Canadian market. Their currency on this has been hedged away, so you are not going to worry about it going up and down, especially over a long time frame. If you want to be a bit more aggressive, there is the Purpose Core Dividend Fund (PDF-T).


Price: $24.410
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2015-07-22 DON'T BUY Yum! Brands
YUM-N
Gordon Reid

When you overlay their current turmoil of food quality and the China situation, and that they are trading at about 25X earnings, he doesn’t understand why people would make an investment in this.


Price: $89.310
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2015-07-21 COMMENT A Comment -- General Comments From an Expert
A Commentary
Hap (Robert) Sneddon FCSI

Markets. There has been some divergences building in the market which has made it harder for the market to go higher. Pushing higher is harder right now. Some parts of the market are working well, so some of the divergences may only be apply to the more procyclical part of the market. You need to look for where ever you can find investment opportunities. 2014 was a good year for defensive stocks, peaked in January, but then had a big sell-off and have come off to trend. He doesn't think the procyclicals are going to come off big time, but the defensive; the utilities, the staples, the healthcare, the biocare will come back to the forefront. The industrials will take a back seat.

 


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-07-21 COMMENT A Comment -- General Comments From an Expert
A Commentary
Hap (Robert) Sneddon FCSI

Market breadth. We don't want the market to be lead by fewer and fewer stocks or you don't want the market being lead by the index.. Once some of these things change you get some bigger downside market corrections. Had some pretty good market breadth in early May, but ever since then we have had the market led by fewer and fewer stocks or led by the index. In 2007-08, the market breadth was showing narrow leadership, the indexes were rising up, and the XIUF was rising. We aren't seeing all the same indicators at that depth in today's market. “Just because we have run for 6 years doesn't mean we are going to have to be taken out to the wood shed”. It just means that we are right for a correction. This could happen either with price going down or in terms of time with things going sideways or a combination of both.

 


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

Markets. Thinks it is just a general malaise that has gone on with IBM and Apple, and he doesn’t know why people are upset. Looking back at the beginning of July, it has been a pretty good month for the stock markets, and hopefully cooler heads will prevail in a few days.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2015-07-21 COMMENT A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

Pipelines. Worries about Alberta, taxation, oil/gas prices and recession has weighed on every single Canadian company. Why are you buying these stocks? You are buying them for the dividend and growth. In this environment, when you are not getting anything from bonds and cash, people are forced to own more stocks. As a retiree, you are going to go to dividend paying companies. The lesson is to just own 1 or 2.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2015-07-21 N/A A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

Using 20% margin to purchase stocks? He will never use leverage for his clients unless they ask him to do it. There is no question that interest rates are very low, so it is cheap to borrow. Watch out. You are going to get your head handed to you. Stock markets can do weird and wacky things in a short period of time, and you can lose a lot of money.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2015-07-21 BUY Apple
AAPL-Q
Barry Schwartz

Down 7% in after-hours, but he is a shareholder, not a trader. Traders are speculating on what earnings are going to be, but he sees a company whose revenues are up 30% year-over-year and quarter-over-quarter. Profits are growing and guidance looks pretty good. It is all about fundamentals. Stripping out the cash, he thinks they are guiding for over $9 a share in earnings. Would be buying more of this tomorrow if he already didn’t own so much. He tries to focus on the long-term on things he wants to own for 5 years. This stock is cheap.


Price: $130.750
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-07-21 COMMENT AGT Food & Ingredients
AGT-T
Hap (Robert) Sneddon FCSI

Pretty good space. Gluten free is all the rage. The stock chart has been pretty whippy lately, pretty volatile. Would like to see the stock holding around $30.86 though. Right space, volatility is high, but the intermediate trend will go higher.


Price: $31.180
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-07-21 COMMENT Alimentation Couche-Tard (B)
ATD.B-T
Hap (Robert) Sneddon FCSI

It is a really good space. It had a pretty good run. It may come off though. Recommends a consumer staple ETF.  Loblaws or Weston you could buy today, but may be a little bit expensive. Recommends Ticker XST on the TSX which has Couche Tard, Loblaws, Metro, Saputo and more.

 


Price: $57.510
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-07-21 COMMENT Boeing
BA-N
Hap (Robert) Sneddon FCSI

Recently made an all time high, but then came down. He used to own it, but got rid of it in Feb. Anywhere between $145 and $140.00 is probably a pretty good buying range. If you own it, hold onto it. If it break $140.00 you might want to think of selling.

 


Price: $145.000
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-07-21 COMMENT Bank of America
BAC-N
Barry Schwartz

He is very pleased about financial services. This is finally working. He prefers J.P. Morgan (JPM-N), which is a much higher quality company, and he feels much more confident about its outlook versus this bank. Valuations are not that much different dollar for dollar. He owns the one which is actually paying dividends.


Price: $18.080
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2015-07-21 COMMENT Brookfield Asset Management (A)
BAM.A-T
Barry Schwartz

He looks for companies that have trustworthy and honest management and who have a lot of stake in the game. Also, looking for companies that have the ability to have a lot of capital reinvestment opportunities. He looks for companies that he can own and continue to buy at reasonable valuations. All of these criteria fit this company. Believes the sum of the parts is worth more than what the stock price is trading at and that the addressable market for the company is going to continue to grow, as more people and institutions are looking for quality infrastructure assets, especially in a very low interest rate environment. They work best in dislocated markets and there are a lot out there, such as Europe and Brazil.


Price: $46.070
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-07-21 DON'T BUY Bombardier Inc (B)
BBD.B-T
Barry Schwartz

He does not see this company turning around in the next couple of years. Once a big cap company falls $5 a share, it never comes back. It is in big, big trouble, and he doesn’t know how they are going to turn the ship around. Selling off assets is not a good sign.


Price: $1.790
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2015-07-21 TOP PICK BCE Inc.
BCE-T
Hap (Robert) Sneddon FCSI

 

Full disclosure: BCE is the parent of their network. He feels that BCE represents a really good buying opportunity. Lows are in place for the last 6 months. Thinks it is a good risk reward. If it gets above $56.00 it looks very intriguing. Target is in the low $70's. Could also look at buying Telus and AT&T, but thinks BCE is more interesting because it offers a full compliment of services.


Price: $53.510
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Yes
2015-07-21 DON'T BUY Canadian Pacific Rail
CP-T
Barry Schwartz

This is one he is paying attention to. Had sold his holdings way too early. They cut their revenue guidance and it is trading at about 20X this year’s earnings. He can buy others such as CSX Rail and Union Pacific and Canadian National at a much cheaper valuation. Wouldn’t buy at these levels.


Price: $194.970
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2015-07-21 WATCH Crescent Point Energy Corp
CPG-T
Hap (Robert) Sneddon FCSI

He sold all of his energy stocks last fall, hasn't dabbled back into it yet. It is a really interesting idea. If it could hold the December low, it could be an opportunity for a seasonal trade. Recommends sitting on the sidelines and watching.


 


Price: $21.830
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-07-21 DON'T BUY Crescent Point Energy Corp
CPG-T
Barry Schwartz

He doesn’t like high yielding companies in the commodity sector. It doesn’t make sense. Kudos to the management team for hedging, but aren’t they in the business to sell oil/gas at the highest price possible in the spot market? 12% yield is all you have to know to tell you that it is a dangerous situation.


Price: $21.830
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2015-07-21 BUY Canadian Utilities
CU-T
Barry Schwartz

He likes the company and he likes the big family ownership in it. They have a lot of assets that they are working on, both in Canada and Australia and transition lines. Wonderful dividend growth over the years, which he doesn’t see stopping anytime soon. Doesn’t think you can go too far wrong owning this.


Price: $36.310
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-07-21 COMMENT Chevron Texaco
CVX-N
Hap (Robert) Sneddon FCSI

Doesn't show the pattern he looks for. Indicators are low. Looks like it is oversold. Could look at the XLE-US which is the basket of the energy sector US ETF. Could add to this name or wait and see if the whole space is actually moving up and at the same time watch Chevron to see if it is going to catch up.

 


Price: $93.900
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-07-21 COMMENT Walt Disney
DIS-N
Barry Schwartz

A great company. He missed it, and if it had a meaningful pullback, he would be in the stock. Valuation is outrageous at 25X. There is no question that they are doing everything right and are compounding capital. Can they continue to compound capital at 25X? He is not willing to bet his money on it.


Price: $119.310
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2015-07-21 COMMENT Denison Mines Corp
DML-T
Hap (Robert) Sneddon FCSI

This whole space has not been a good place to be. The precious metals and the industrial metals spaces are terrible right now. Technicals are showing the indicators are really, really oversold.

 


Price: $0.670
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-07-21 TOP PICK Emera Inc
EMA-T
Hap (Robert) Sneddon FCSI

Had it, but sold it. They like it because it had the strongest bounce back that they saw in June. They think it is really interesting. They recently bought it again. Good name. Fantastic balance sheet. They have really good benefits if the US dollar continues to strengthens against the Canadian dollar. Thinks the investors will be rewarded. Better quality, low payout. 20% return over the next year plus the dividend is reasonable.


Price: $42.300
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Yes
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