stockchase picture

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

Recent Opinions

Print
Date Signal Company Expert Opinion Price
2014-11-21 COMMENT Teck Resources Ltd. (B)
TCK.B-T
Michael Sprung

Believes this is selling at reasonably good valuation these days, but it is not necessarily a slam-dunk. The dividend is safe if commodity prices do not deteriorate a whole lot more. If coal prices go below $100, he would be worried about the dividend. Currently this is selling at such a reasonable price, given the scope of their operations, that it could have significant upside from here. Wouldn't be surprised, should there be some recovery in copper, zinc and coal that this could very quickly be a $30 stock again.


Price: $19.940
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Unknown
2014-11-21 COMMENT Trinidad Drilling Ltd
TDG-T
John Zechner

The energy sector has been pummelled. He had lightened up in general during the summer, but wishes he had sold it all. Still likes this company. They have great prospects. The risk right now is the company’s customers. Their cash flows are going to be coming down, so they will be spending less. The 50% drop in the stock has reflected a lot of that and it is going to be better value. Have a great joint venture with Halliburton. Thinks there are sector risks right now and he is underweight in energy.


Price: $6.740
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2014-11-21 PARTIAL SELL Tim Hortons
THI-T
John Zechner

Pretty fully valued at this point and will be a different animal you own going forward with the Burger King acquisition. The company is continuing to do a great job, but penetration has gotten as far as it can in Canada. Growth has always been a little more difficult in the US. Consider taking some money off the table and look for something else or sit on the cash.


Price: $93.870
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2014-11-21 COMMENT Trans Canada Corp
TRP-T
John Zechner

His problem with this is its valuation. Trading around 23 or 24 times earnings. Looks like it has some earnings growth built in at about 5% and some dividend growth which is good, but the valuation just astounds him. They still need a lot of capital.


Price: $56.930
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2014-11-21 TOP PICK TorstarCorp (B)
TS.B-T
John Zechner

When they sold Harlequin, they did much better than anyone expected with $450 million. Has a market cap of $500 million right now with about $200 million in cash. Newspaper business is not growing, but they are cutting costs. Their digital division is growing. 8.16% dividend yield with lots of cash to pay it.


Price: $6.570
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2014-11-21 PAST TOP PICK Uranium Participation Corp.
U-T
John Zechner

(A Top Pick Feb 10/14. Up 2.49%.) Thinks there are still some excess supplies out there and you still haven't got the Japanese restarts going. You Buy this more because of the reactors coming on in the next couple of years, particularly in China. Also, there are long-term costs to bringing in new uranium mines.


Price: $5.480
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2014-11-21 PAST TOP PICK George Weston Ltd.
WN-T
Michael Sprung

(A Top Pick Dec 11/13. Up 31.64%.) Even at today's valuation, it is putting very little valuation on the bakery operations. He feels they’re having a strategic review as to what they are going to do with the bakery operations. This represents good value.


Price: $99.520
Subject: CANADIAN LARGE
Bias: CAUTIOUS
Owned: Yes
2014-11-21 BUY Yamana Gold Inc.
YRI-T
John Zechner

Gold is one of the toughest calls out there. Got out of it a couple of months ago, but is now getting a little bit nervous about not owning it. Had a nice rally and is at the critical $1200 level, which is the cost of production for a lot of these companies. Even though there is some downside risk to gold in the shorter term, ultimately all this money creation and appreciation of the currencies will ultimately be a positive for gold. He is comfortable owning this one in this range.


Price: $4.570
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2014-11-20 TOP PICK Tsingtao Brewery Co.
0168-HK
Darren Sissons

Has been growing at double digit rates.  Brewing companies use a ton of energy.  So lower energy costs are helpful for this story.  It is relatively cheap.  Owned since the low $30s. 


Price: $0.000
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Yes
2014-11-20 N/A A Comment -- General Comments From an Expert
A Commentary
Darren Sissons

Markets.  The first part of the year was pretty good and the second part has declined since then. Mining stocks have declined most of the year.  The oil sell-off started in the second half and the markets have not performed well.  There is long term significant value in the mining category.  There are big discounts.  TCK.B-T is on sale.  In Oil and Gas there are a ton of good companies.  The demand for copper will not go away in emerging markets. 


Price: $0.020
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: _N/A
2014-11-20 N/A A Comment -- General Comments From an Expert
A Commentary
Hank Cunningham

Brookfield preferred shares E and F? He thinks these are a Hold. Brascan is now owned by Brookfield, which is a good quality company. Thinks that one of these is a floating-rate preferred and this is the one you should probably hold in a rising interest-rate environment.


Price: $0.020
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: _N/A
2014-11-20 N/A A Comment -- General Comments From an Expert
A Commentary
Hank Cunningham

Bond Yields. As to whether bond yields are going up or down, the forces are pretty well-balanced right now. The bias is towards slightly higher rates from this point, but not by very much. Feels rates are going to inch up a little. In the early part of the year, there was a big shift in demand. There was far more money to invest in bonds than there was bonds available. US deficit shrank, and all the geopolitical tensions caused foreign investors to flee into the treasury market. Inflation has been low and growth has been weaker than expected and commercial banks have been shoring up their balance sheets because of the new law, so there have been more buyers of US government corporate bonds than sellers. In the last 12 months, government yields have fallen and US corporate bonds have risen, which tells you there is trouble in the junk bond market. Part of the reason for that is the energy patch, where a lot of weak balance sheets are emerging with the plummeting of the price of oil. The boom for high-yield bonds seems to be over, the number of people issuing them has fallen and there are fewer investors wishing to buy them.


Price: $0.020
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: _N/A
2014-11-20 N/A A Comment -- General Comments From an Expert
A Commentary
Hank Cunningham

How will currently listed debentures react when long-term interest rates go up? Will it be more dramatic or the same as bond yields? “Listed bonds” would be convertible bonds in Canada, and as a group of bonds, they are unrated and subordinated at very low quality. Many of them are small and don't trade very actively. They will rise in yield as long as the conversion value isn't worth much. Many of these have become overvalued. Their prices will fall as general yields rise, but not in a straight line because the conversion value may kick in and cause them not to fall as much as regular bonds. He does not invest in convertible debentures and thinks they are junk. If you really like the company, buy the common.


Price: $0.020
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: _N/A
2014-11-20 N/A A Comment -- General Comments From an Expert
A Commentary
Hank Cunningham

Brascan Corp 5.95% maturing Jan 14/35? This is very long term and he has a preference to “not” Buy long term corporate bonds. If you look back 20 years you see all the companies that have gone out of business. There is a lot of risk in these bonds if rates do start to rise. If rates on these bonds went up 1%, the price would fall $12.


Price: $0.020
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: _N/A
2014-11-20 N/A A Comment -- General Comments From an Expert
A Commentary
Hank Cunningham

Bought Province of Ontario bonds, 4.2% coupon at a discount and are now worth $108+. Maturity is 2018. Is it better to take the gain now or ride it out? If this is a large part of your portfolio, you might think about reducing it and taking some of those capital gains. However, he is still in favour of purchasing 2018-2019 bonds for his “rolling down the yield curve” strategy.


Price: $0.020
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: _N/A
2014-11-20 N/A A Comment -- General Comments From an Expert
A Commentary
Hank Cunningham

Bond ETF's or individual corporate bonds held to maturity? The basic problem here is that ETF's do not mature. When he advocates ladders, they get individual bonds and they know when their money is going to come due, exactly how much and when. With an ETF, you are at the mercy of the market. He feels you are better off with individual bonds.


Price: $0.020
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: _N/A
2014-11-20 N/A A Comment -- General Comments From an Expert
A Commentary
Hank Cunningham

How do I find detailed information preferred shares? The most comprehensive source for preferred shares information is Hymas Inv Canada (http://WWW.HIMIVEST.COM) and has more information than you can ever digest about preferred shares.


Price: $0.020
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: _N/A
2014-11-20 N/A A Comment -- General Comments From an Expert
A Commentary
Hank Cunningham

Holding 2021 Real Return Bonds? He would consider holding these. These are fairly short-term and are the shortest Real Return bonds in the market. There is not much downside risk in these, even if the yield rises sharply.


Price: $0.020
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: _N/A
2014-11-20 N/A A Comment -- General Comments From an Expert
A Commentary
Hank Cunningham

Energy bonds. Some of the spreads may be widening out. Would this be an opportunity to lock in a higher yield? What names would you recommend? He would not be touching any of the convertible bonds, unless he felt the price of oil was going to rebound. An ETF might be the better way, as picking individual oil bonds is fraught with difficulty, unless you buy a package of them.


Price: $0.020
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: _N/A
2014-11-20 PAST TOP PICK Air Products & Chemicals Inc.
APD-N
Darren Sissons

(Top Pick Dec 05/13, Up 36.72%) He likes this longer term.  Great balance sheet.


Price: $142.680
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Yes
2014-11-20 TOP PICK Arc Resources Ltd
ARX-T
Darren Sissons

There has been a big decline in energy prices. This is a very good management team.  The dividend is sustainable at current levels.  They have exposure to all the right markets.  A balanced portfolio.  Longer term this will make some money.


Price: $29.250
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Yes
2014-11-20 TOP PICK Brookfield Asset Management (A)
BAM.A-T
Hank Cunningham

3.95% bonds maturing Apr 9/19. One of the themes in his 3 picks is quality. He is taking cautionary measures to guard against BBB bonds starting to underperform the market. Also, preservation of capital in these very low rates is #1 in his mind.


Price: $55.340
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Yes
2014-11-20 PAST TOP PICK BCE Inc.
BCE-T
Hank Cunningham

(A Top Pick Jan 29/14. Up 4.28%.) 3.35% bond maturing June 18/19. This has rolled down the curve and the price is higher. You get the price higher plus the coupon.


Price: $53.220
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Yes
2014-11-20 SELL BCE Inc.
BCE-T
Hank Cunningham

7.65% bond due Dec 30/31? If you own, he would suggest you sell. He doesn't like long-term corporate bonds. You probably have done well on them, but he would like you to have something shorter term than that. You are going to give up income and yield if you sell them and he thinks Bell is going to make it to 2031, but rates could rise in the next year or 2. Long-term bonds are subject to price swings.


Price: $53.220
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Unknown
2014-11-20 TOP PICK BCE Inc.
BCE-T
Hank Cunningham

3.25% bonds maturing June 17/20. One of the themes in his 3 picks is quality. He is taking cautionary measures to guard against BBB bonds starting to underperform the market. Also, preservation of capital in these very low rates is #1 in his mind.


Price: $53.220
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Yes
2014-11-20 BUY Bank of Nova Scotia
BNS-T
Darren Sissons

Just pick one of the banks and hold it.  BNS-T is his preferred.  It is on sale because of its operations in the Caribbean.  The dividend is safe here.


Price: $69.920
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Unknown
2014-11-20 PAST TOP PICK BP PLC
BP-N
Darren Sissons

(Top Pick Dec 05/13, Down 5.72%) He is still buying it for clients.  The Russian event affected this stock.  This company is on sale and longer term oil prices are going higher.


Price: $41.770
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Yes
2014-11-20 PAST TOP PICK Brookfield Office Properties
BPO-T (Dead)
Hank Cunningham

(A Top Pick Jan 29/14. Up 3.1%.) 5.29% bond maturing April 25/17. This was part of his “rolling down the yield curve” strategy, to take advantage of the steep yield curve. You buy 3, 4 and 5 year corporate bonds, and as they get shorter in term, they fall in yield and up in price, because they're getting closer to maturity and the spread narrows also, because there is less credit risk as the bond shortens.


Price: $22.360
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Yes
2014-11-20 BUY iShares 1-5 yr Ladder Corp Bond ETF
CBO-T
Hank Cunningham

Likes the 1-5 year corporate laddered ETF. It is a nice, safe ETF and you will get the kind of returns that he has shown in Past Picks. This is better than cash and is very safe.


Price: $19.540
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: No
2014-11-20 COMMENT iShares 1-5 yr Ladder Corp Bond ETF
CBO-T
Hank Cunningham

iShares 1-5 yr Ladder Corp Bond ETF (CBO-T) or iShares 1-5 yr Government Bond ETF (CLF-T)? He prefers this one because the risk is very low and it is a very well diversified short-term portfolio and will give you extra yield over time over the government one. If safety of capital is paramount, then he would suggest half-and-half.


Price: $19.540
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Unknown
2014-11-20 COMMENT iShares 1-5 yr Government Bond ETF
CLF-T
Hank Cunningham

iShares 1-5 yr Ladder Corp Bond ETF (CBO-T) or iShares 1-5 yr Government Bond ETF (CLF-T)? He prefers the corporate one because the risk is very low and it is a very well diversified short-term portfolio. It will give you extra yield over time, over this one. This one will suit those who are risk adverse and willing to accept lower returns. If safety of capital is paramount, then he would suggest half-and-half.


Price: $19.250
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Unknown
2014-11-20 PARTIAL BUY Canadian National R.R.
CNR-T
Darren Sissons

CNR-T is the best performing rail in terms of operating efficiency in North America.  Buy a half weight and buy the balance in half a year. 


Price: $81.140
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Unknown
2014-11-20 BUY Walt Disney
DIS-N
Darren Sissons

Has been a solid performer.  The dividend is cheap. 


Price: $88.900
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: No
2014-11-20 TOP PICK Callaway Golf
ELY-N
Darren Sissons

(Top Pick Dec 05/13, Down 2.82%) The turnaround is about half way through.  We had a dismal summer last year and then a poor winter.  Longer term restructuring stories are the kind of animal that are lumpy, but when they work they work well so he is happy to hold this.  The US middle class tend to be golfers.  New product introduction benefits them as does the new CEO’s turning the company around.  There should be more upside.  You see a lot of young guys on courses in Florida. 


Price: $7.570
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Yes
2014-11-20 BUY Freeport McMoran Copper & Gold
FCX-N
Darren Sissons

There is going to be a recovery here.  Copper is a continuing theme.  Sees no problem with the story.  It requires a multiyear horizon.


Price: $28.570
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Unknown
2014-11-20 WEAK BUY Lloyds TSB Group PLC
LYG-N
Darren Sissons

The US is closer to an interest rate hike and will propel those banks.  The US banks are freshly recapitalized.  In the UK that is not the case.  This is a good bank.  Sell if you bought before the crisis.  If you bought afterwards, hold as it will be a multiyear success story.  He holds HSBC-N broadly.


Price: $4.860
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Unknown
2014-11-20 BUY on WEAKNESS Spark New Zealand Ltd
NZTCY-Q (OTC)
Darren Sissons

At current levels the dividend is sustainable.  Buy on currency weakness.


Price: $0.000
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Unknown
2014-11-20 BUY Philip Morris International
PM-N
Darren Sissons

Look at the dividend growth history.  It has been very regular.  He is big fans of this category.  As a business model they are very attractive.  Not expensive because of the regulatory risk.


Price: $85.810
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: No
2014-11-20 BUY Royal Dutch Shell PLC (A)
RDS.A-N
Darren Sissons

The .A shares are taxed differently in the UK.  This has the best balance sheet of the majors.  They underperformed because they were investing.  There is upside on the dividend.  The balance sheet is sustainable.  You have to wait until oil prices raise before there will be upside in the stock price.


Price: $71.000
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Yes
2014-11-20 HOLD Sherritt International Corp.
S-T
Hank Cunningham

Thoughts on the 2018 and 2020 bonds considering the recent events? The company just redeemed a lot of its earlier bonds and issued the bond in 2022, to put out the maturity date so there is less pressure for the company to meet any principal maturities short term. If you own, he would Hold. This company has always had a good rapport with the street.


Price: $2.680
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: No
2014-11-20 HOLD Sherritt International Corp.
S-T
Hank Cunningham

7.5% Sept 24/2020 bond? This is one of the better firms that is dealing with the street. Just redeemed a lot of their bonds early and replaced them with a longer term bond. They have a balance sheet where there are no forthcoming principal maturities that will cause them any anxiousness in the bond market.


Price: $2.680
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Unknown
2014-11-20 PAST TOP PICK Shoppers Drug Mart Corp
SC-T (Dead)
Hank Cunningham

(A Top Pick Jan 29/14. Up 2.96%.) 2.36% bond maturing May 24/18. This has rolled down the curve with a positive return of over 3%. It will continue to generate positive returns.


Price: $60.830
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Yes
2014-11-20 DON'T BUY Sanofi-Aventis
SNY-N
Darren Sissons

The big drop was related to the poor performance of the diabetes drug.  When the CEO gets let go after announcing poor earnings it is not a catalyst.  He wonders if they have a proper pipeline.  He suggests staying away from it although there is some definite value here.


Price: $46.570
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: No
2014-11-20 BUY A T & T US
T-N
Darren Sissons

He owns BCE-T.  Bought after the failed acquisition so the cost price was $28.  The challenge is for new clients.  Telcos are a GDP grip.  The US economy is getting ready to turn the corner.  The dividend will grow.  The potential of an interest rate increase will cause the pension funds to eliminate their deficit.  T-N will be the first where they will not have to pay a pension amount to employees. 


Price: $35.280
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Unknown
2014-11-20 DON'T BUY Transalta Corp
TA-T
Hank Cunningham

6.2% strip bonds maturing in 2030? This is very long-term and his preference is to “not” Buy long term corporate bonds. The credit rating on this company is a low BBB, verging on a BB+, so it is not very high quality.


Price: $11.500
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: No
2014-11-20 WEAK BUY Teck Resources Ltd. (B)
TCK.B-T
Darren Sissons

Buying it at a discount is always a good thing.  But the market is telling you there is half the demand moving forward although he does not agree with it.  Copper demand is not going away.  It is a buy if you have three years to hold it.  It is quite attractive here.


Price: $18.220
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Yes
2014-11-20 COMMENT iShares 20+ yr Tr. Bond ETF
TLT-N
Hank Cunningham

These units have produced almost 12% in the last 12 months. The average term on this ETF is almost 7 years, so it is a good bet on the long-term market. Doesn't think the next 12 months are going to produce anything like that. This is an ultra bond fund for anybody that wants to play the bond market.


Price: $119.380
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Unknown
2014-11-20 BUY Unilever PLC
UL-N
Darren Sissons

It is a serial dividend increaser and the balance sheet is incredible.  They are on sale because of their exposure to the emerging markets.  Prefers to PG-N.  This will do well over the long term.


Price: $41.340
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Yes
2014-11-20 BUY on WEAKNESS Visa Inc.
V-N
Darren Sissons

There was no domestic acceptance of Visa last year, but in the last couple of weeks they announced they are opening up the payment market.  This one should be a big deal for this company, but they will have to go through a penetration processes.  You have no exposure to payment defaults.  They are just a transaction processing company.  It is a very expensive story.  Longer term you will be okay.  The valuation is very expensive.


Price: $251.670
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Unknown
2014-11-20 BUY Wells Fargo
WFC-N
Darren Sissons

He avoids the regulatory glare.  He goes for regional banks.  However, he would buy this one here.


Price: $53.480
Subject: GLOBAL LARGE
Bias: BULLISH on RESOURCES
Owned: Unknown
2014-11-20 TOP PICK TSX Group
X-T
Hank Cunningham

3.25% bonds maturing Oct 3/18. One of the themes in his 3 picks is quality. He is taking cautionary measures to guard against BBB bonds starting to underperform the market. Also, preservation of capital in these very low rates is #1 in his mind.


Price: $52.650
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Yes
2014-11-20 DON'T BUY iShares US High Yield Bond Index ETF
XHY-T
Hank Cunningham

Thinks the boom is over in the high-yield market, and the price of this particular ETF will likely work itself lower. Very liquid and very diversified, but a major percentage of the bond held in this ETF is in the energy patch and there is a lot of concern about some of the credit worthiness of some of the issues as long as the price of oil stays where it is or goes even lower. Thinks you will get a chance to buy it cheaper.


Price: $21.210
Subject: FIXED INCOME
Bias: UNKNOWN
Owned: Unknown
2014-11-19 N/A A Comment -- General Comments From an Expert
A Commentary
Bruce Campbell (2)

TSX. Had expected a bit of a correction going into the fall, but was really surprised at the volatility of the correction, how hard the market had sold off but how fast it has recovered as well. He has seen a fair bit of technical damage done. In the US, a lot of that damage was repaired, but in Canada it hasn't done quite as well. He is still monitoring a lot of indicators fairly closely. One of the huge catalysts for stocks going forward is the price of oil. A $0.01 drop of gasoline in the US is worth $1 billion in US consumer pockets. Gasoline has dropped $0.65-$0.75, so there's going to be a lot of money that consumers have that hopefully will triple its way into the economy. He's looking for solid earnings growth going forward. US and Canada have reported pretty good numbers so far this quarter. Expects the next quarter will see some pretty good earnings as well, because the consumer is going to be so strong. He is seeing a lot of opportunities across the board in Canadian companies. There is a lot of great earnings growth. We are going into the strongest seasonal period from the end of October to the end of May. On top of that, we are also moving into the strongest period of the 4 year presidential cycle. From a probability standpoint we have seen the correction, which has taken a lot of the froth out of the market, and we should now see fairly strong and a fairly good upwards markets for the next 6 months at least.


Price: $0.020
Subject: CANADIAN
Bias: BULLISH
Owned: _N/A
2014-11-19 N/A A Comment -- General Comments From an Expert
A Commentary
John O'Connell, CFA

Global economy. US economy is doing quite well. Global economy is doing okay, but certain parts are doing better than others. Europe continues to struggle. Latin America is having some problems. China is a little bit slow, but still growing at a pretty fast pace. India seems to be doing pretty well. All in all, what we have seen here is a readjustment where a lot of strategists and analysts had global forecasts that were overly optimistic in the 1st part of the year, and have been adjusting their forecasts down. Adding that to the mix, with the threat of higher interest rates in the US, is causing some investors to refocus their attention. Given what the federal reserve board said today, the Fed doesn't seem to be overly concerned about the stock market or market volatility, and they don't seem to be too concerned about the global economy, because they think there are positive offsets that are positive. For example, interest rates remain very, very low and are going to remain at a very, very low rate for a long period of time and they have moved lower. Energy prices are significantly lower, which is a major positive stimulus for the whole global economy. The Fed is looking at this and saying they are going to remain on their track towards higher short-term “administered” interest rates some time late next year and he thinks that is a reasonable thing to do. Canada did it, and we didn't fall off a cliff. The global economy is still going to grow at about 3.5% per year.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: _N/A
2014-11-19 PAST TOP PICK Air Canada (B)
AC-T
Bruce Campbell (2)

(A Top Pick Jan 15/14. Up 12.36%.) Still likes. Continue to have nice earnings reports. Just announced a baggage fee, which drops money to the bottom line. Have a lot of positive things working in their favour.


Price: $10.140
Subject: CANADIAN
Bias: BULLISH
Owned: Yes
2014-11-19 COMMENT Alimentation Couche-Tard (B)
ATD.B-T
Bruce Campbell (2)

There has been such a huge run in all the consumer staples names, both in Canada and the US, all year. This company falls into that category. Not cheap from a valuation standpoint, but comparing it to a lot of the other consumer staples names, it is probably one that he likes the best. Thinks they will continue to execute on their acquisition strategy. Every time they do an acquisition, the market gets nervous about what is happening, and they end up with bigger synergies and stronger numbers. Thinks this will go higher.


Price: $41.420
Subject: CANADIAN
Bias: BULLISH
Owned: Yes
2014-11-19 PAST TOP PICK Avigilon Corp
AVO-T
Bruce Campbell (2)

(A Top Pick Jan 15/14. Down 45.84%.) Still likes. The market put them in the penalty box. He started to see things break down from a technical standpoint in early February. Sold his stock at the $28 level and ended up making money. Past quarter was quite good and the stock had a big one-day move. He wants to see it follow through with another quarter of good numbers.


Price: $18.000
Subject: CANADIAN
Bias: BULLISH
Owned: No
2014-11-19 TOP PICK Badger Daylighting
BAD-T
Bruce Campbell (2)

Had a great run. Have phenomenal margins of over 25%. A very profitable company. They manufacture and operate hydro-vac trucks that are used to excavate, using water and a vacuum. Half their business is in oil/gas, as well as pipelines and utilities. Last summer they announced they were reducing the number of trucks they were building, from 5 down to 4, and the market got very concerned. Also, had a bit of a stumble with their earnings. The most recent numbers show that the margins and earnings are back up. They now have a solid plan in place, where they are going to double the number of trucks in the US from 450 to 900 in the next 5 years. Dividend yield of 1.1%.


Price: $32.280
Subject: CANADIAN
Bias: BULLISH
Owned: Yes
2014-11-19 COMMENT BlackBerry
BB-T
Bruce Campbell (2)

This company is really doing what they said they were going to do. The problem is that perception is really against them. Their last quarterly reports have been beating expectations. Market is questioning whether they can continue to execute. From what he sees so far, John Chen is doing an excellent job. Expects the numbers will move into the green fairly soon and the stock will probably move higher.


Price: $11.560
Subject: CANADIAN
Bias: BULLISH
Owned: No
2014-11-19 COMMENT Bonavista Energy Corp
BNP-T
John O'Connell, CFA

This has been a tremendous growth story. There is a new management team, which he thinks is very talented and who are doing their best to right side the balance sheet, as they had a little bit too much debt at one point. They stuck with the dividend through thick and thin, but eventually reduced it. He likes the new management team and thinks they are doing the right things. This is one that you could own.


Price: $10.590
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
Showing 241 to 300 of 134,453 entries