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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
2017-02-13 TOP PICK Facebook
FB-Q
John Zechner

One of the great growth companies out there. On gap-adjusted earnings, this is trading at 24X next year’s earnings. Between this and Google, they own mobile services. They are getting a higher user engagement. 1.8 billion monthly active users. (Analysts’ price target is $159.07.)


Price: $134.050
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-02-13 PAST TOP PICK Freeport McMoran Copper & Gold
FCX-N
John Zechner

(A Top Pick Feb 16/16. Up 150.55%.) About a year ago, you couldn’t give resource stocks away. This was into copper and oil and it had a really bad balance sheet. Copper turned around and oil did better. He recently sold his position. He is not as bullish on copper and oil now.


Price: $15.960
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2017-02-13 PAST TOP PICK Firstservice Corp
FSV-T
Paul Harris, CFA

(Top Pick Feb 11/16, Up 45.62%) A lot of their assets are in the US.  They manage gated communities.  They also have brands like College Pro Painters.  A great Canadian company.


Price: $71.870
Subject: NORTH AMERICAN/GLOBAL
Bias: BEAR
Owned: Yes
2017-02-13 COMMENT General Electric
GE-N
John Zechner

The glory days of those old growth parameters under Welsh are over. It was a different story back then. Too big a ship to move in the same way. The restructuring in the past couple of years makes sense. In the short term, there are going to be some headwinds as global capital spending slows. The strength of the US$ is a bit of a headwind.


Price: $30.040
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-02-13 PAST TOP PICK CGI Group (A)
GIB.A-T
John Zechner

(A Top Pick Feb 16/16. Up 13.14%.) This just continues to grow. Single digit organic growth, but they’ve added well with acquisitions. New management is talking about a lot more opportunities going forward and being able to derive higher margins. Somewhat expensive at these levels, but he still likes it.


Price: $64.020
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-02-13 TOP PICK Gilead Sciences Inc.
GILD-Q
Paul Harris, CFA

7 times earnings.  It fell on a recent earnings disappointment.  The HIV drug is continuing to do well and the HEP-C drug is declining because they are curing everyone.  He wants to see them do an acquisition that will grow their drug business.  Some of the drugs in their pipeline look promising and he needs to see them coming to fruition.  They are buying back their shares and will hopefully increase their dividend.  (Analysts’ target: $82.00).


Price: $67.650
Subject: NORTH AMERICAN/GLOBAL
Bias: BEAR
Owned: Yes
2017-02-13 HOLD Alphabet Inc (C)
GOOG-Q
John Zechner

It dropped 2 weeks ago, because of the earnings. Some of the investors and analysts took that as a negative. You have to remember that a $45 drop in the stock is pretty small percentage wise. Still one of his favourites. They own “search”, and with Facebook (FB-Q) they own “mobile advertising”, one of the best growth areas out there. They do very smart acquisitions and generate a lot of cash. Still one of the great growth stocks out there. Only trading at about a 20-22 multiple.


Price: $819.240
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-02-13 BUY on WEAKNESS Alphabet Inc. (A)
GOOGL-Q
Larry Berman CFA, CMT, CTA

He is concerned about valuation here.  But they are a great company.  In a market correction it could come down more than the market.  $740-750 would be a buying range.


Price: $838.960
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-02-13 BUY Alphabet Inc. (A)
GOOGL-Q
Paul Harris, CFA

It is in a unique situation because a lot of advertising is going online.  They have an advantage to Facebook in this area.  They are more about software than making products.  He prefers this to FB-Q.


Price: $838.960
Subject: NORTH AMERICAN/GLOBAL
Bias: BEAR
Owned: No
2017-02-13 COMMENT Hudson Bay Co.
HBC-T
John Zechner

The story now is that you are probably getting better than $20 in real estate assets, and retail for free. If they lever up to buy Macy’s, they have to bring in joint venture partners, which would probably be real estate partners, he thinks the whole entity in the end would trade at an even bigger discount, because the debt suddenly embedded in this thing would be absolutely huge. The risk parameters would go higher. The stock has rallied a little, and he has traded out of it, although he still owns a small part.


Price: $11.750
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-02-13 DON'T BUY iShares Russell 2000 ETF
IWM-N
Larry Berman CFA, CMT, CTA

Analysts are expecting about 80% earnings growth over the next year in the Russell 2000.  There is room for disappointment.  He initiated a short position on it as part of a long/short strategy.


Price: $138.300
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-02-13 WEAK BUY Laurentian Bank
LB-T
Paul Harris, CFA

A big franchise in Quebec.  They are cutting their branches by a third.  He has TD-T and RY-T, but LB-T was undervalued along with CWB-T.  He prefers TD and RY because of better access to the US.  (Analysts’ target: $61).


Price: $60.600
Subject: NORTH AMERICAN/GLOBAL
Bias: BEAR
Owned: No
2017-02-13 PARTIAL SELL Manulife Financial
MFC-T
John Zechner

Lifecos? He owns Sun Life (SLF-T) and Manulife (MFC-T). The problem with life insurance companies, especially when interest rates are getting so low and negative, how do you fund long-term liability? That has been a conundrum. When there started to be a turn in interest rates, suddenly lifecos became more interesting investments, and he added to his holdings. Because of the big move, he has taken a bit of money out recently. He likes their growth, but valuations are at the higher end and expectations of higher interest rates are a little too bullish. He would recommend that you take some profits like he did.


Price: $24.590
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-02-13 PAST TOP PICK Manulife Financial
MFC-T
John Zechner

(A Top Pick Feb 16/16. Up 53.83%.) A year ago, people were looking at negative interest rates, which was a disaster scenario for the lifecos. He still likes the growth story here.


Price: $24.590
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-02-13 TOP PICK Martinrea
MRE-T
John Zechner

There are worries about the auto sector, and this has been under additional pressure, but he likes the valuation. When you get a stock trading at 5 or 6 times forward earnings, and 3X operating cash flow, you are already assuming the worst. They have a lot of downside protection. He likes the operations. They probably have the best exposure to aluminum in the automobile, which is increasing. European operations are doing well. Capacity is increasing and they are getting higher margins from that. Dividend yield of 1.38%. (Analysts’ price target is $11.68.)


Price: $8.700
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-02-13 COMMENT Open Text
OTEX-T
John Zechner

One of the stories he still really likes. It has done really well lately and is trading at the high end of the range. A software company that has single digit organic growth sort of, not great, but alright. But they’ve always been able to augment that with acquisitions because of the free cash flow they generate. They roll in an acquisition, cut the costs, and continue to grow. You can only do that for so long, but these guys have continually been able to do that. Very strong management. The only issue is that growth will probably hit a wall at some point. The EMC deal is going to give them more earnings growth for the next couple of years. Did a financing, so it is all paid for. Still a good story.


Price: $44.010
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-02-13 PARTIAL SELL Sun Life Financial Inc
SLF-T
John Zechner

Lifecos? He owns Sun Life (SLF-T) and Manulife (MFC-T). The problem with life insurance companies, especially when interest rates are getting so low and negative, how do you fund long-term liability? That has been a conundrum. When there started to be a turn in interest rates, suddenly lifecos became more interesting investments, and he added to his holdings. Because of the big move, he has taken a bit of money out recently. He likes their growth, but valuations are at the higher end and expectations of higher interest rates are a little too bullish. He would recommend that you take some profits like he did.


Price: $52.180
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2017-02-13 BUY Suncor Energy Inc
SU-T
Paul Harris, CFA

3.1% yield.  You should own the larger cap names given the uncertainty with what Trump will do.  Their cash costs of oil extraction have been coming down over the last little while.  They did a good job of making acquisitions at the right time.  They will drive their costs down even further.  They can increase their dividend.


Price: $41.720
Subject: NORTH AMERICAN/GLOBAL
Bias: BEAR
Owned: Unknown
2017-02-13 PARTIAL SELL Sierra Wireless
SW-T
John Zechner

Finally had a good quarter, but he thinks it was too much. This has been a very volatile story over the past number of years. Valuation is very rich right now. If you own, he would consider taking some profits.


Price: $32.890
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2017-02-13 HOLD Telus Corp
T-T
Paul Harris, CFA

He owns BCE-T.  The wireless side has done quite well.  They pay a great dividend and expect to raise it over the next little while.  You will not see much growth in any of these companies.  They want to get fiber in Western Canada.  They are getting competition from Shaw. 


Price: $43.070
Subject: NORTH AMERICAN/GLOBAL
Bias: BEAR
Owned: No
2017-02-13 SELL Teck Resources Ltd. (B)
TECK.B-T
John Zechner

Reporting 4th quarter earnings on Wednesday. They’ll have great earnings because of met coal prices. They do 27 million metric tons of coal a year. Coal has probably done $100 better than they expected in the past year. It gave them $2.7 billion in increased earnings in the past year. Met coal prices, after running from $100 to almost $300, have come back down to $160, and expects it will go lower. Thinks the stock is going to be looking at down earnings in the next couple of years. If you own, he would sell it now.


Price: $33.320
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2017-02-13 BUY Teva Pharmaceutical
TEVA-N
Paul Harris, CFA

One of the largest generic pharma companies in the world.  The CEO left the company.  Earnings came out today and they beat their numbers.  They made an acquisition which they have to integrate into their overall company.  6 times earnings and a 4.2% dividend yield.  In the long run it is a good stock.


Price: $34.000
Subject: NORTH AMERICAN/GLOBAL
Bias: BEAR
Owned: Unknown
2017-02-13 COMMENT Unilever PLC
UL-N
Paul Harris, CFA

They really pushed into a lot of the emerging markets and spent a lot of SG&A and did not really get the benefit out of it.  They have so many products and some are not generating the rate of return that is required of them, but they have still kept them on.  If they start selling them off you could see improved margins.


Price: $41.830
Subject: NORTH AMERICAN/GLOBAL
Bias: BEAR
Owned: Unknown
2017-02-13 HOLD Visa Inc.
V-N
John Zechner

This has been a great growth stock. Valuation is high, it has a 20+ earnings multiple which, for a financial, you question a little. He worries that when you get into an E payment system on a global basis, does this company get left behind. However, this seems to be the best operator in the group. They have taken tremendous market share away from AMEX over the past couple of years, and even MasterCard. They are growing better within the industry, which probably supports the multiple and the growth going forward. Thinks they will be smart enough not to be taken back by the PayPal’s and the E-payment systems. You are probably safe to continue to Hold.


Price: $86.440
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-02-13 DON'T BUY Vanguard FTSE Developed Asia Pacific All Cap Index ETF
VAH-T
Larry Berman CFA, CMT, CTA

Look at the risk factors. US Trump execution is a big one. Brexit negotiations start next month. Also, there are German and French elections. This will be the beginning of the EU breaking up and will be bearish for a while and then bullish in the long run. He is out of Japan, however. 


Price: $27.680
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-02-13 WEAK BUY Wells Fargo
WFC-N
Paul Harris, CFA

14 times earnings and 1.4 times book so it is at the higher end of the range.  They will have to improve themselves over the next little while.  They will do as well as the others with changing rules.  There is not the earnings volatility as with some of the others.  You can’t duplicate this franchise anywhere.  Tuck-in acquisitions would allow them to grow.  They benefit from a steepening yield curve and regulatory changes.


Price: $57.080
Subject: NORTH AMERICAN/GLOBAL
Bias: BEAR
Owned: Unknown
2017-02-13 DON'T BUY Wal-Mart Stores Inc.
WMT-N
Larry Berman CFA, CMT, CTA

If Chinese imports are taxed, it will really hurt Walmart.  Don’t buy above the 52 week lows.


Price: $67.770
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-02-13 DON'T BUY TSX Group
X-T
John Zechner

How does this make money? They make money a variety of ways. Listing fees, trading fees and fees for information. You are seeing more of a global consolidation in this industry. At these levels, he feels valuations are somewhat excessive. This has had a big run in the past 2 years.


Price: $71.270
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2017-02-13 BUY BMO Europe High Dividend Covered Call Hedged to CAD ET
ZWE-T
Larry Berman CFA, CMT, CTA

European Market. He plays it with ZWE-T. It has high dividends and a covered call strategy with a currency hedge.  6-7% yield.  For the next 5 years that would be pretty good for Europe.  It is the more conservative way to go.


Price: $21.310
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-02-10 N/A A Comment -- General Comments From an Expert
A Commentary
Craig Porter

Energy. OPEC is following through on its cuts for a 6-month period, but that has always been a murky issue. He thinks they are really going to try to do it this time. Looking at the world supply/demand balance, we are getting fairly close to being in balance right now. We have had growth in China and the US. Oil consumption is going up, and you are seeing that in agencies like the IEA, which are actually backdating some of their demand.


Price: $0.020
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: _N/A
2017-02-10 N/A A Comment -- General Comments From an Expert
A Commentary
Craig Porter

Metals. Copper had some supply issues because of a possible strike in Chile as well as with some troubles with the Indonesian government that is renegotiating a contract. China just had some good import/export data numbers that were very strong for all materials.


Price: $0.020
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: _N/A
2017-02-10 N/A A Comment -- General Comments From an Expert
A Commentary
Craig Porter

Gold. Thinks there is going to be enough noise throughout the year, which will keep gold elevated and investors interested. There are numerous elections in Europe, which could possibly sway things. As well, there are always middle east concerns.


Price: $0.020
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: _N/A
2017-02-10 TOP PICK Arc Resources Ltd
ARX-T
Norman Levine

He likes that it is about 72% natural gas, and mostly in the Montney in BC. It recently sold a major piece of its oil operation in Saskatchewan. They are a low-cost producer. Great management. Dividend yield of 2.89%. (Analysts’ price target is $27.00)


Price: $20.740
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-02-10 BUY Athabaska Oil Sands Corp
ATH-T
Craig Porter

About 10 years ago, they had a number of oil sand leases they sold off to Japanese partners. As they developed those, they collected the money and bought other assets and started drilling them. Recently bought a big oil sands operating project off of Statoil (STO-N). A good asset at a bargain price. The stock is fairly cheap. You could buy this one here and just hold onto it.


Price: $1.800
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Yes
2017-02-10 COMMENT Bank of America
BAC-N
Norman Levine

He has never been a fan of management. He only owns regional banks in the US. If he were to own a big US bank, it would be J.P. Morgan. This bank is a big beneficiary of the Dodd-Frank provision being repealed or pulled back. It is also benefiting from higher markets.


Price: $23.080
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: No
2017-02-10 COMMENT Blackbird Energy Inc
BBI-X
Craig Porter

Has a property in Grand Prairie Alberta, where there are liquid rich discoveries. It’s in the Montney play. All the big players are operating around them, and they are in the donut hole. Just tied all their production in recently, so cash flow is just starting up for them. They also have a lot of infrastructure that they bought, and have been acquiring other land. They will get taken out at some point. There is still upside to this company.


Price: $0.680
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Yes
2017-02-10 COMMENT Birchcliff Energy Ltd.
BIR-T
Craig Porter

A gas producer, but one of the better ones. Very rich liquids gas. They’ve also done a fair bit of hedging. Although the price of gas has fallen dramatically, companies are finding that development costs have also fallen dramatically. He likes the company.


Price: $7.850
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Unknown
2017-02-10 COMMENT Bank of Nova Scotia
BNS-T
Norman Levine

The only bank he owns, and it is because he wants their exposure in the emerging markets, Latin America and Asia. Also, he wants a smaller exposure in Canada, because he thinks the housing market in many areas is overextended and the Canadian consumer is way overextended.


Price: $80.280
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-02-10 TOP PICK Cara Operations Ltd.
CARA-T
Norman Levine

This has been a disappointing stock since he bought it. The largest restaurant company in Canada. It grows by acquisition and franchising’s operations. Alberta has been hurting the stock. Just made an acquisition of a large Québec operation. Trades at a discount to US counterparts. Dividend yield of 1.57%. (Analysts’ price target is $30.86.)


Price: $26.030
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-02-10 BUY Cardinal Energy Ltd
CJ-T
Craig Porter

(Market Call Minute.) Probably a good buy at this point. It is probably off 20% from its highs. A light oil producer and pays a decent distribution.


Price: $8.610
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Yes
2017-02-10 BUY Canadian National R.R.
CNR-T
Norman Levine

The best run and most profitable railroad in North America. As a long-term investor, he would continue to hold this. It will benefit from increasing economic growth in both Canada and the US. It is not as commodity related is Canadian Pacific (CP-T).


Price: $92.380
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-02-10 COMMENT Crescent Point Energy Corp
CPG-T
Craig Porter

The knock people have against this is that in the past they were always buying assets and issuing more paper, at lower prices a lot of the time. He likes the company. They have great assets in Saskatchewan and some in the US. They’ve drilling inventory for years to come. They are taking the best of the technology and drilling longer wells. They are improving their efficiencies. This is going to be a turnaround at some point.


Price: $15.120
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Unknown
2017-02-10 COMMENT Crescent Point Energy Corp
CPG-T
Norman Levine

A stock he has liked, but hasn’t owned for a long time. They went through a period where they were serial acquirers and serial issuers of stock. They went through a time where they didn’t make acquisitions and didn’t buy any other companies, and he thought that was great, and then they went and did it again. He would rather be buying energy companies where they are not diluting him down every time they start to grow.


Price: $15.120
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: No
2017-02-10 HOLD Cenovus Energy
CVE-T
Craig Porter

(Market Call Minute.) Not a lot of upside. They have good projects, but there is not a lot of big torque in the projects to get you excited. You won’t go wrong Holding this though.


Price: $17.750
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: No
2017-02-10 COMMENT Canadian Western Bank
CWB-T
Norman Levine

This has most of its operations in Western Canada, and is very tied into the energy market. It will sink or swim with energy stocks. Its underperformed the other banks. If you are a big believer that the worst is over for energy, and that there is growth ahead, then this probably has some leverage. He wouldn’t hedge quite like this. If you want an energy stock, he would buy it, and if you want a bank, he would buy a regular bank.


Price: $29.880
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Unknown
2017-02-10 COMMENT Enerplus Corp
ERF-T
Craig Porter

Recently sold a portion of his holdings, partially due to their exposure to natural gas. The company has done things to improve their balance sheet by selling off some assets. A big part of their production is in the US. Some of the companies that have exposure on both sides of the border, have not been hurt as bad by the fear of a border tax. Until the gas situation gets sorted out, this is not going to have a huge move. Dividend yield of 1%.


Price: $12.320
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Yes
2017-02-10 COMMENT Fortis Inc.
FTS-T
Norman Levine

A growth utility, and has been growing in the US quite successfully. Has also been growing its dividend consistently. The negative side is that should interest rates move up a lot, people will move over to bonds for the same rate, and not have to worry if the company is going to do well or not. In the meantime, this company keeps growing its dividend and growing its profits. As part of your portfolio, you should own stocks like this. It is a defensive stock, and you want a mix in your portfolio.


Price: $42.510
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Unknown
2017-02-10 COMMENT General Electric
GE-N
Norman Levine

Had owned this through both good and bad times. It is becoming more focused as a health care industrial and energy services. He still likes the long-term, but it has been disappointing. Doesn’t look like it is going anywhere in a hurry.


Price: $29.720
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-02-10 COMMENT Hudbay Minerals Inc.
HBM-T
Craig Porter

He likes this company. If looking for exposure to copper and zinc, 2 of the better metals out there, this is the play. Good assets in Canada and south America. It had a great year last year, but he still sees about a 20% upside. Production is going to continue to grow. There was a management change last year, but it seems that the new group is doing a good job.


Price: $11.570
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Yes
2017-02-10 COMMENT Hi-Crush Partners LP
HCLP-N
Craig Porter

The whole industry has been driven by the fracing boom over the past 3-5 years. They take sand and inject it under high pressure into the rock, trying to create fractures so that oil/natural gas can flow through. Companies are going to longer wells now, such as horizontal wells that are 2-3 miles long. They’ll do this 100 times on a single well. Because of this, the consumption of sand is going way up.


Price: $20.400
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Yes
2017-02-10 COMMENT Imperial Oil
IMO-T
Craig Porter

Not favourably disposed to this as he would be to Suncor (SU-T), which seems to have a little more growth. This one is okay, but he doesn’t get excited over it.


Price: $42.640
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Unknown
2017-02-10 COMMENT Keyera Corp
KEY-T
Craig Porter

The chart looks fairly flat over the last year, but this is a safe, stable, midstream/utility type company. You are not going to get any surprises with this company. It will pay you a decent distribution. Dividend yield of 4.2%.


Price: $38.120
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Yes
2017-02-10 TOP PICK Kone Oyj
KNEBV-OMX
Norman Levine

This trades in Helsinki, but buy it on the pink sheets in the US under KHNJF. They are either the 2nd or 3rd largest elevator/escalator company globally. A big part of their sales is in China, which has been slowing down, but Europe and North America have been picking up. They get about 60% of their revenue from service, a high margin much more stable business. Dividend yield of 3.83%. (Analysts’ price target is €42.14.)


Price: $0.000
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-02-10 SELL L Brands Inc.
LB-N
Norman Levine

His interest in owning any company like this, starts at zero and goes down from there. This company has a few retail brands, but they are basically in the middle of the market. If you want to be in retail, and he doesn’t, you want to be either at the high end or the low end. If you are in the middle, you just get squeezed.


Price: $58.920
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: No
2017-02-10 COMMENT Labrador Iron Ore Royalty
LIF-T
Norman Levine

This basically gets royalties from Iron Ore of Canada. It has benefited recently by rising iron ore prices led by demand for steel. A fine thing to own right now.


Price: $19.460
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: No
2017-02-10 DON'T BUY MEG Energy Corp
MEG-T
Craig Porter

An oil sands producer that had a number of problems over the years with their main project. It seems things are starting to turn around on the operation side, but he doesn’t see a great upside. If he was looking for an oil sands producer, this would not be his 1st choice.


Price: $6.530
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: No
2017-02-10 COMMENT Magna Int'l. (A)
MG-T
Norman Levine

He doesn’t own anything in the auto area, but is an area he is looking at. Globally auto stocks are starting to act better. Europe has been a very poor auto market for a long time, but is starting to pick up. Also, things are picking up in developing markets as well. Believes the US economy will be doing a lot better than a lot of economists have predicted. That will be good for consumer confidence, jobs will be good, consumer confidence will pick up, and that will be good for auto sales. This company should do okay and is one that he is looking at. Dividend yield of 2.3%.


Price: $58.130
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: No
2017-02-10 PAST TOP PICK Morneau Shepell Inc
MSI-T
Norman Levine

(A Top Pick Feb 3/16. Up 34.48%.) This is in the HR and outsourcing business for companies. Recently they have been expanding into the US. The stock has done well because earnings have been growing and because of the high-yield.


Price: $18.980
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-02-10 COMMENT Nemaska Lithium Inc.
NMX-T
Craig Porter

Looking to develop a very good lithium deposit in Québec. It is going to need about $600 million to develop the project, and this is a small company. There is greater and greater demand for lithium. As we get more cars, a lot of batteries are lithium based. With Tesla building their big battery factory in the south west US, there is going to be huge demand going forward. This company is going to need financing, and will likely get it. They also need permitting. It is still 2-3 years away before production starts.


Price: $1.440
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Unknown
2017-02-10 BUY Parkland Fuel Corp
PKI-T
Craig Porter

(Market Call Minute.) Bought a massive expansion of a gasoline infrastructure in the US, which is really going to drive their earnings forward.


Price: $27.530
Subject: RESOURCE
Bias: BULLISH on OIL
Owned: Yes
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