stockchase picture

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

Recent Opinions

Print
Date Signal Company Expert Opinion Price
2015-04-17 TOP PICK CCL Industries (B)
CCL.B-T
Norman Levine

A Canadian based multinational consumer company. Their products are packaging. A world leader in labels, especially pressure sensitive ones. Also, make aluminum cans and plastic laminate tubes that are going into cosmetics, etc. A couple of years ago they made a transformative acquisition from Avery. They bought their label business as well as their digital printing business. That has been a huge win for them. Dividend yield of 1%.


Price: $146.930
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2015-04-17 DON'T BUY Canadian Oil Sands
COS-T
Norman Levine

Sold his holdings and has no desire to go back to it. An exceedingly volatile stock. Part of it is because every other day somebody is whispering takeover rumours.


Price: $12.960
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 COMMENT Costco Wholesale
COST-Q
Norman Levine

Great company and they run fabulous operations. However, consumer spending in the US has not been what people have been expecting. Retail stocks have all been stellar performers, but in anticipation of the consumer spending that hasn’t come. In the near term this is probably vulnerable, along with other retailers, to a correction.


Price: $144.570
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2015-04-17 COMMENT Crescent Point Energy Corp
CPG-T
Norman Levine

Sold his holdings because he was convinced that the price of oil was not going anywhere soon. This one has held up way better and has acted way better than a lot of oil stocks. It has great land positions. Also, management has very prudently hedged about 60% of their production at around $90 a barrel. The dividend is safe under current conditions, but he questions if it is safe next year if oil prices stay at a low level.


Price: $32.380
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 COMMENT Walt Disney
DIS-N
Norman Levine

Disney (DIS-N) or Starbucks (SBUX-Q)? Dissimilar companies. He doesn’t own either, but if he were, it would probably be this one because he likes the long-term prospects for entertainment. Dividend yield of 1.08%.


Price: $106.690
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 TOP PICK General Electric
GE-N
Norman Levine

Have proposed selling GE Capital, which is a transformative thing for them. They are going to largely get out of financial services and become a purely industrial company. Have said they will be doing a huge share buyback. Believes they are going to increase the dividends again on a regular basis. Also, make transformative acquisitions in the industrial space. Thinks that all of this will lead to a much higher stock price.


Price: $27.250
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2015-04-17 HOLD Kroger Co.
KR-N
Norman Levine

One of the biggest supermarket chains in the US. This has been an attractive area because it is purely domestic and earnings have been growing as they’ve been consolidating some of their stores and cutting expenses. This has been boosting profitability. The stock has done very well.


Price: $71.840
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 COMMENT Labrador Iron Ore Royalty
LIF-T
Norman Levine

Actually doesn’t own anything. It has a royalty on iron ore produced and sold by the Iron Ore Company of Canada. Iron ore prices have been under siege and volumes have not been as good as they could be. This has a nice 8.5% dividend yield and eventually will come back. The Company has recently sent out a proxy wanting to change the status of the company. He would suggest that you vote against that.


Price: $11.790
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2015-04-17 COMMENT Magna Int'l. (A)
MG-T
Norman Levine

An excellent company. The auto market has been doing very well and they have been a prime beneficiary, both in North America and Europe as things start to get better. A fine company and should continue to be.


Price: $65.580
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 COMMENT National Bank of Canada
NA-T
Norman Levine

A purely Canadian bank, so he traded his holdings for Bank of Nova Scotia (BNS-T). With the domestic headwinds he saw coming in the Canadian economy, both in the energy area and the consumer, he wanted to diversify away from a purely domestic bank. Dividend yield of 4.6%.


Price: $48.870
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 TOP PICK Power Financial Corp
PWF-T
Norman Levine

This is a company that has historically increased its dividends regularly, twice a year. The largest shareholder in Great West Lifeco (GWO-T), London Life, Canada Life and Putnam Investments. Also, the largest shareholder in IGM Group (IGM-T), Investors Group, etc. After the financial crisis they did not raise their dividend until March of this year. Thinks it is going to start again to be a regular thing, so your yield is going to continue to go up.


Price: $37.340
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2015-04-17 COMMENT Starbucks
SBUX-Q
Norman Levine

Disney (DIS-N) or Starbucks (SBUX-Q)? Dissimilar companies. Doesn’t own either, but if he were, it would probably be Disney, because he likes the long-term prospects for entertainment.


Price: $47.620
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 COMMENT SNC-Lavalin Group Inc.
SNC-T
Norman Levine

He is a firm believer that the federal government will be changing the exceedingly punitive law that says if you are convicted you will not be able to do business with the federal government for 10 years. Thinks this is great value here.


Price: $43.730
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2015-04-17 COMMENT Telus Corp
T-T
Norman Levine

He is favourably disposed to the Canadian telecom scene. Prefers BCE (BCE-T). The whole group had a rough quarter, but are coming back a little now. There were some worries at one point about interest rates going up, and that hurt the stocks. There had also been some regulatory worries. This one has a greater exposure to Western Canada, and therefore a greater exposure to Alberta. That has been a worry to the stock, but to him that is more of a short-term worry.


Price: $42.070
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 COMMENT Toronto Dominion
TD-T
Norman Levine

Prefers owning US banks to Canadian banks. If you want to own a Canadian bank that has US exposure, you can do that through this bank. US operations are large, but are underperformers as far as returns to the bank. You are better off owning a pure US bank. He has no interest in the money centred banks, prefers regional banks.


Price: $55.750
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 PAST TOP PICK Talisman Energy
TLM-T
Norman Levine

(A Top Pick May 2/14. Down 10.28%.) Sold his holdings. It turned out to be not as good a company as he had hoped.


Price: $9.610
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 PAST TOP PICK Wright Medical Group Inc
WMGI-Q
Norman Levine

(A Top Pick May 2/14. Down 13.72%.) Had liked its business and liked it because it was a turnaround stock. The new CEO had a good history of turning companies around and then selling them. Instead of turning this one around, he made an acquisition. He wasn’t happy with this, so sold his holdings.


Price: $25.880
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-16 N/A A Comment -- General Comments From an Expert
A Commentary
Kash Pashootan

Markets. He looks at what drove returns over the last few years and he had stocks that were undervalued. There were earnings expectations where the bar was very low. As well as this, the US economy was recovering. Today stocks are no longer cheap, earnings expectations are no longer low, but the good news is that we are seeing the US economy continuing to recover, but there are just not as many inputs driving equities higher. For the last 4 years, he has favoured the US market over the Canadian market, primarily because when he looked at the TSX, which is made up of commodities and banks, he has been pessimistic especially on the commodity space. Equities as a whole, whether you are looking at the US or Canada, the easy money has been made and we should expect more volatility as we move forward.


Price: $0.020
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: _N/A
2015-04-16 N/A A Comment -- General Comments From an Expert
A Commentary
Kash Pashootan

Where is a safe parking lot for cash, while waiting for opportunities? The primary objective is to keep it safe and have it liquid and available. You could do that with a high-quality money market instrument, or even the banks, depending on how much you are parking. Banks have high interest savings accounts and you can buy that right in your trading account. Yields are somewhere between 1.25%-1.5%.


Price: $0.020
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: _N/A
2015-04-16 BUY Apple
AAPL-Q
Kash Pashootan

With the amount of cash they have, there is a cushion to see dividend raises continuing to come forth. They have really executed on all fronts. Their foreign expansion of smart phones is continuing. Last quarter, sales in China were up 70% year-over-year. They still have a very small market share in Asia, so there is further upside potential. They are continuing to innovate which is important for the future.


Price: $126.170
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 COMMENT American Capital Agency
AGNC-Q
Paul Harris, CFA

This company basically borrows Short and lends out mortgages. They leverage that up and pay out their returns. He used to own this, but one of the issues he had was if interest rates started to rise, it would really hurt this stock. Highly levered which is another issue you have to look at. Gives you a very good rate of return when things are going well. Dividend rate of 12%.


Price: $21.670
Subject: GLOBAL
Bias: UNKNOWN
Owned: No
2015-04-16 TOP PICK Amgen Inc.
AMGN-Q
Paul Harris, CFA

Trading at about 16X earnings. Have great drugs in the kidney area and in cancer. Also, thinks there is a cholesterol drug coming out. Management is really interested in increasing margins, cutting costs, increasing dividends and paying back money to shareholders. Dividend yield of 1.89%.


Price: $166.870
Subject: GLOBAL
Bias: UNKNOWN
Owned: Yes
2015-04-16 COMMENT Bank of America
BAC-N
Kash Pashootan

The next stress test is in September. Buy now or wait and see? It depends on what other bank exposure you have in your portfolio. He likes the US banks, primarily the regional banks. What is nice about this bank is that it does generate a large part of its revenues from retail banking. If you have some patience, this is a name that you want to own in your portfolio, but if you want to take it one step further, he would look at some of the regional banks.


Price: $15.790
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: No
2015-04-16 BUY Bank of America
BAC-N
Paul Harris, CFA

Likes this stock. Net interest margins are very low in the US and are under pressure. Although they cut costs, they didn’t see a lot of growth on the investment banking side. They are in 10% of all the households of the US, so they are a very large retail bank that needs net interest income to improve. They also are faced with a lot of regulatory issues. They have to do another stress test in September and he is upset that management has not been keeping an eye on these things. Thinks you should own this for the longer-term.


Price: $15.790
Subject: GLOBAL
Bias: UNKNOWN
Owned: Yes
2015-04-16 COMMENT BCE Inc.
BCE-T
Paul Harris, CFA

Are the yields of 4.5%-5.5% sustainable on BCE (BCE-T), Verizon (VZ-N) and Vodafone (VOD-Q)? Most of the dividends are sustainable and he thinks they can afford to grow their dividends. BCE trades at a very high multiple at almost 16X earnings. Why people are worried about BCE is that it is not only a telephone company, but also a communications company. Verizon and Vodafone gives you much more of a pure play.


Price: $53.980
Subject: GLOBAL
Bias: UNKNOWN
Owned: Unknown
2015-04-16 COMMENT BHP Billiton Ltd.
BHP-N
Paul Harris, CFA

Has a great dividend. One of the lowest cost producers in iron ore. Their cost of production is about $20, so they can bear some of the costs. This is also a large oil company. If you can see a recovery in China and iron ore gets up to a better level, this stock will benefit a great deal. You are getting a great dividend, 5.3%, to be at these levels.


Price: $46.820
Subject: GLOBAL
Bias: UNKNOWN
Owned: Yes
2015-04-16 COMMENT Bank of Nova Scotia
BNS-T
Kash Pashootan

This is a meat and potatoes type of name that you want to own in your portfolio. He is underweight Canadian banks relative to the TSX index, primarily because a large part of their revenue comes from net interest margins. With interest rates continuing to stay low, the spread is going to continue to be lean. What has offset that is the Canadian consumer intoxicating themselves with debt and continuing to borrow. He is starting to see a ceiling there in that loan growth is slowing. What is unique with this bank is that a large part of their revenue is coming from Latin America.


Price: $65.730
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 PAST TOP PICK CAE Inc
CAE-T
Kash Pashootan

(A Top Pick Feb 27/15. Down 2.41%.) A leading player in the simulation space. With the number of active fleets growing, we need more pilots and they need to be certified, along with the existing pilots that need to be re-certified. Diversified with 60% in civil, 20% in defence and 10% in health care.


Price: $14.750
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 COMMENT Corus Entertainment (B)
CJR.B-T
Kash Pashootan

Have been beaten up after the CRTC’s unbundling announcement. He is not too worried about this. It has overshot and is an overreaction Likes their focus on the specialty channels, which have a higher margin. CEO will be retiring, which has also put some pressure on the stock. 6.5% dividend is safe.


Price: $17.580
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 COMMENT Columbia Banking System Inc
COLB-Q
Kash Pashootan

The story here is that they are strategically located in the Pacific Northwest, which is a region that he likes. There is a growth in population, decline in unemployment and wages are growing. Pays about a 2% dividend while you wait. Overall, he likes the regional banking space. He is bullish on the US consumer.


Price: $29.340
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 COMMENT Crescent Point Energy Corp
CPG-T
Kash Pashootan

He has been negative on energy for a while. The only “close to oil/gas” name he owns would be Enbridge (ENB-T). The dividend on this is safe for now, i.e. over the next 6 months. Anything longer than that is really a wildcard. You don’t want to bet the farm on the fact that they are hedged and that the dividend won’t go down.


Price: $32.370
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: No
2015-04-16 PAST TOP PICK Cisco
CSCO-Q
Kash Pashootan

(A Top Pick Feb 27/15. Down 2.86%.) Likes this and the story hasn’t changed. They are doing a lot of things well and they are in the right spaces. With the increased usage of smart phones, traffic data is going up, and with their network solutions they are helping manage that and keep carriers’ spectrum efficient. Also, well positioned to capitalize on this “Internet of things” that we keep hearing about. Also, remember cyber security and how much focus is on that. 2.9% dividend yield.


Price: $28.600
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 PAST TOP PICK Deere & Co.
DE-N
Paul Harris, CFA

(A Top Pick April 29/14. Down 2.48%.) Still likes the stock. Not trading at a huge multiple, Around 12X earnings. Decent dividend yield. With the crop cycle, this is a time to own it. They not only have the agricultural business, but also have a more industrial business that has turned around and is doing better. Thinks this will do well over the next couple of years. Still a Buy.


Price: $88.940
Subject: GLOBAL
Bias: UNKNOWN
Owned: Yes
2015-04-16 COMMENT DH Corporation
DH-T
Paul Harris, CFA

Used to be a cheque business, but that is getting to be a smaller and smaller part. Did a couple of really big deals in the US. It is really a technology company in the financial services industry and it is very unique. Executed on their last acquisition very, very well and it will do the same with the latest one.


Price: $42.890
Subject: GLOBAL
Bias: UNKNOWN
Owned: Yes
2015-04-16 TOP PICK EnerCare Inc
ECI-T
Kash Pashootan

This IPO’d in 2002 under Consumer Water Heater. A lot has changed since then. One third of their business is sub metering for condos and apartments and two thirds of home services, air-conditioning, water heaters and furnaces. This business is a high percentage of recurring revenues. Very cash flow heavy, which is great for dividend investors. Dividend yield of 5.56% and they are able to sustain this with only 40% of their free cash flow. He is expecting some dividend increases from them. Only 22% of their overall contracts are in the billing stage, so cash flows are going to grow.


Price: $15.060
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 TOP PICK Element Financial
EFN-T
Paul Harris, CFA

Management understands this business very clearly. There is a good opportunity for them to grow. Just made an acquisition in the US, which will help them grow in the US a lot more. Because of what happened in the financial services industry in 2008, there are a lot of gaps in the leasing side of the business, and he thinks there is a great opportunity for them to come in and scoop up a lot of business and grow. A great growth story over the next several years in the US, and a little bit in Canada.


Price: $17.820
Subject: GLOBAL
Bias: UNKNOWN
Owned: Yes
2015-04-16 TOP PICK Emera Inc
EMA-T
Kash Pashootan

An electricity utility name. Focused in Atlantic Canada, and more recently have gone into the US as well. Along with other utilities, what he likes is the stable income stream and the reoccurring revenues. The risk for these types of names is that they are interest rate sensitive, but the risk of rates going up in Canada is very low right now. 31% of the revenues come from the US, and because they are paid in US$’s they are getting a boost from foreign exchange. Yield of 3.89%.


Price: $41.410
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 COMMENT Ford Motor
F-N
Paul Harris, CFA

Of all the US awful companies, this is his favourite. Not trading at a huge multiple. About a 3.7% dividend yield. Have some great products coming out. Expects there will be better growth out of them with more innovative and better products. The strong US$ hurts them a little bit.


Price: $15.940
Subject: GLOBAL
Bias: UNKNOWN
Owned: Unknown
2015-04-16 WAIT General Electric
GE-N
Kash Pashootan

Have been trying to move to become more of an industrial focused business. They are doing this by divesting their GE Capital business. Recently sold a huge chunk of it and are almost completely out of it. He is not convinced that this is the time to buy this. His primary concern is the acquisition they did last year, where they spent $17 billion on an engineering company. 3.3% dividend yield.


Price: $27.280
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: No
2015-04-16 DON'T BUY General Electric
GE-N
Paul Harris, CFA

General Electric (GE-N) or Visa (V-N)? This is an industrial company. They are spinning off their GE Capital business. You are really buying a well diversified industrial company that is global that is hopefully going to grow. Between the 2, he would probably pick Visa because it is a much better longer-term growth story. He wouldn’t buy this because you are not going to get a bump on the multiple anymore.


Price: $27.280
Subject: GLOBAL
Bias: UNKNOWN
Owned: No
2015-04-16 COMMENT General Mills
GIS-N
Kash Pashootan

General Mills (GIS-N) or Kellogg’s (K-N)? This one is strictly focused on cereals and is the world’s largest producer. About 20% of their revenues comes from Wal-Mart (WMT-N), which has been actively opening stores increasing their distribution channel. He sees future growth in the cereal market in emerging markets, especially Asia. Their demand for cereal is expected to go up 2X over the next few years. This would be his preferred play.


Price: $56.230
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: No
2015-04-16 COMMENT Johnson & Johnson
JNJ-N
Kash Pashootan

Just reported and it was great. Did very well, but this is an example of one of those names that is quite exposed to foreign exchange. Because of this they have revised their 2015 estimates downwards. If you are looking at buying, there are 2 things you should consider. 1.) Is their further downside with foreign exchange issues moving forward? It’s too early to say. 2.) What are they going to do with that targeted capital of $20 billion that they were going to spend? He would wait to get some clarity on the foreign exchange. Pays a good dividend.


Price: $99.790
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: No
2015-04-16 COMMENT Kellog
K-N
Kash Pashootan

General Mills (GIS-N) or Kellogg’s (K-N)? Primarily focused on what he considers junk food. The consumer has become more educated. His concern with this company is that they have not adapted to the healthy consumer preference. Put up almost $2 billion in debt a few years ago to buy Pringle. If you look at the cash flow that goes to servicing that debt and their dividend, there isn’t a lot of cash for new growth catalysts. General Mills would be his preferred play.


Price: $65.050
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: No
2015-04-16 DON'T BUY Michael Kors Holdings
KORS-N
Kash Pashootan

The entry-level luxury market is a very risky one. It could be the flavour of the week where consumers cannot buy enough of it, and that could shift very quickly. Once everyone has one of their products, that ends up being it.


Price: $63.720
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: No
2015-04-16 COMMENT Manulife Financial
MFC-T
Kash Pashootan

Low interest rates creates a real challenge for lifecos. This one has done a good job of transitioning from an insurance company to being more of a wealth management name. Their US wealth management is about 40% of their overall revenue. The real opportunity for them is in Asia and they have positioned themselves well to really compete in that space. He is looking at this name. 2.8% dividend yield.


Price: $22.080
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: No
2015-04-16 TOP PICK Magna Int'l. (A)
MG-T
Kash Pashootan

When he looks at this and its valuations, it makes a lot of sense. He is positive on the auto sector, and this is a great way to participate without taking company specific risk. A wildcard for them at this point is what is going to happen in Europe. 40% of their revenues come from Europe. With commodity prices coming down, their revenues have grown. Dividend yield of 1.68%.


Price: $66.520
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 BUY on WEAKNESS Novo-Nordisk
NVO-N
Paul Harris, CFA

Has a very strong franchise in diabetes. Stock has done incredibly well. Also, have the potential of an obesity drug coming out. A lot of that is in the stock already. The problem he has is that the stock trades 54% above its peer group, has done 22% better than the healthcare group, trades at 33X earnings and doesn’t pay very much of a yield. Wait for a pullback.


Price: $54.970
Subject: GLOBAL
Bias: UNKNOWN
Owned: Unknown
2015-04-16 TOP PICK Phoenix Energy Services
PHX-T
Paul Harris, CFA

A horizontal drilling company. Have some great technology for the drilling side, which is really their key business. Trades at 18X earnings and pays a yield of 5.35%. Their technology allows them to get data back to the main place where they can analyse and see where the drilling is all going. Management is doing all the right things.


Price: $7.850
Subject: GLOBAL
Bias: UNKNOWN
Owned: Yes
2015-04-16 PAST TOP PICK ProAssurance Corp
PRA-N
Kash Pashootan

(A Top Pick Feb 27/15. Up 2.95%.) Medical liability insurance is only going to go up. With healthcare being accessible to more and more Americans, you need more medical professionals and more premiums are being written. This company has been busy doing acquisitions which, has expanded their geographical footprint across the US as well as increasing the amount of premiums being written.


Price: $45.760
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 PAST TOP PICK Qualcomm
QCOM-Q
Paul Harris, CFA

(A Top Pick April 29/14. Down 11.56%.) Thinks the China issue has been sorted out. They have a very strong technology roadmap. They are really in all the cell phone businesses, which is the real growth. Also, thinks there is really good growth coming from other parts of their business. Good dividend yield.


Price: $67.910
Subject: GLOBAL
Bias: UNKNOWN
Owned: Yes
2015-04-16 COMMENT RioCan Real Estate Investment
REI.UN-T
Paul Harris, CFA

One of the largest REITs in Canada. Good management. They have had to kind of move outside of Canada because of the limited amount of growth prospects. A well-run company and one of the safer ones. He thinks REITs are going to do well.


Price: $28.900
Subject: GLOBAL
Bias: UNKNOWN
Owned: Unknown
2015-04-16 COMMENT Regions Financial
RF-N
Paul Harris, CFA

A regional bank in the south east US. Interest rates are very low and this is a retail/commercial bank that derives a lot of their money from net interest income. He likes its location, which has lots of good growth over the long-term. They passed all the Fed’s stress tests and are able to accomplish a lot of their capital plans. This bank is over capitalized and at some point in time, you are going to see dividends move up more aggressively along with more share buyback.


Price: $9.700
Subject: GLOBAL
Bias: UNKNOWN
Owned: Yes
2015-04-16 WEAK BUY Transocean Inc.
RIG-N
Paul Harris, CFA

One issue with these companies is where does oil go? This was trading at some value below the value of their actual rigs out there. He believes oil will be higher over the longer-term and this is a good company. If you compare the volatility over the next little while, it will do well and you can see a reasonable rate of return on it. Probably worth buying at these levels.


Price: $18.600
Subject: GLOBAL
Bias: UNKNOWN
Owned: Unknown
2015-04-16 COMMENT Starbucks
SBUX-Q
Kash Pashootan

He likes this. Have done an excellent job of expanding. Now over 21,000 stores in 66 countries. For the established stores, they are continuing to innovate, which is helping. Growth is really coming out of Asia where there have been 750 stores opened. Numbers are showing 20% growth year-over-year in Asia, compared to 10% in the US. This is a pure momentum growth story, and if you believe that is going to continue, this is the time to buy it. He would like to see a 10% pullback before he gets into it. Dividend is only 1.25%, so you are not getting paid a whole lot to wait.


Price: $48.245
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: No
2015-04-16 COMMENT Telus Corp
T-T
Kash Pashootan

He owns all the Canadian telcos. The primary reason for that is he doesn’t see a whole lot of competition, especially with foreign players coming in. Good space. In terms of future growth, they have been spending money and investing in broadband networks.


Price: $42.070
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 PARTIAL BUY Transcontinental Inc. (A)
TCL.A-T
Kash Pashootan

Essentially in the printing space, and about 30% of their revenue comes in the media side. Print has been under pressure with the digital age. What they have done to save their stock price is to move towards the food packaging space. The bad news is that the acquisition is only 3% of revenues in the packaging space. The good news is that it is a 10 year contract. 3.75% dividend yield.


Price: $17.550
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: Yes
2015-04-16 COMMENT Toronto Dominion
TD-T
Kash Pashootan

Shares are performing much better on the TSX relative to the NYSE. How come? The short answer is currency. The spread right now is about 7%-7.5%. Because they report in Cdn$’s they have to convert and this is what causes the spread. This is more of a US bank than a Canadian one in that they have more branches in the US and more than 50% of their revenues comes from the US. A good name to own, because it does give you exposure to the US.


Price: $56.030
Subject: NORTH AMERICAN DIVIDENDS
Bias: BEARISH
Owned: No
2015-04-16 PAST TOP PICK Target Corp
TGT-N
Paul Harris, CFA

(A Top Pick April 29/14. Up 41%.) He had felt that a lot of the bad news was already in the stock. They have done a lot of good things. Getting out of Canada was the right decision for them. Still a great company, but wait for a pullback.


Price: $81.920
Subject: GLOBAL
Bias: UNKNOWN
Owned: Yes
2015-04-16 BUY Unilever PLC
UL-N
Paul Harris, CFA

Sales have turned out better than expected. This is a big consumer product company. Feels they are realizing that they have to consolidate their products and sell off non-core products.


Price: $45.060
Subject: GLOBAL
Bias: UNKNOWN
Owned: Unknown
2015-04-16 COMMENT Visa Inc.
V-N
Paul Harris, CFA

General Electric (GE-N) or Visa (V-N)? This is a credit card company that trades at a much higher multiple. They don’t take on any debt, but instead they are a toll booth. Between the 2, he would probably pick Visa because it is a much better longer-term growth story.


Price: $65.650
Subject: GLOBAL
Bias: UNKNOWN
Owned: No
Showing 241 to 300 of 139,322 entries