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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
2015-07-02 N/A A Comment -- General Comments From an Expert
A Commentary
David Baskin

Markets.  Canadian GDP was wretched.  People talk about a possible recession, although he does not feel we will have one.  The growth for the year looks very mediocre.  Any chance of increasing rates has gone out the window.  Rates may even be cut.  There is no fiscal stimulus because the federal government is trying to balance budgets.  He invests in stocks not stock markets.  He asks how each company will fair in this kind of economy.  He picks the sectors and then the companies within those sectors.  He is focusing a lot on the US because their growth will be considerably better than Canada.  In Canada the financial sector is greatly oversold, however.  He is 40% US and heading to 50%.  He thinks the Canadian dollar will tend toward $0.75 this year.  Executives are leaving Sears because they don’t see many prospects.  3 CEOs in 27 months.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: _N/A
2015-07-02 BUY A Comment -- General Comments From an Expert
A Commentary
David Baskin

Big Banks.  He hears that a lot of American hedge funds have been shorting Canadian Banks in the expectation of being hit with mortgage defaults and the effects of the oil patch.  His research satisfied him that they are not in any risk of damage to their mortgage books.  Debt service ratios are at record lows because interest rates are so low.  House prices could fall 30% before banks would be at any risk of trouble.  The Canadian banks have no worries in this regard.  The major oil companies are not going to dry up and go away so again there is no risk to the banks.  There are pretty good opportunities to buy all of them.  BNS-T is oversold the most.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 PARTIAL BUY A Comment -- General Comments From an Expert
A Commentary
Andy Nasr

Markets. One of the bigger overriding stories continues to be the divergences of what Central Banks are expected to do. There is a slowdown in emerging market growth. China is trying to stimulate their economy. Europe has a potential negative impact if Greece exits the euro zone. The Canadian economy is relatively stagnant and yet the US economy looks like it is improving quite significantly, to the point where they are going to have to increase rates. That really does create opportunities in different parts of the world, especially if you are an equity investor, or even a fixed income investor. He continues to think that the best risk adjusted returns are in developed markets like the US. Canada should ultimately be fine if commodity prices strengthen a little bit. Even in Europe, if you ignore the potential impact of Greece exiting, he expects there will be a big increase in corporate profitability largely due to a lower euro, low interest rates, low oil prices, all of which will contribute to a gradual improvement in the economy.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: _N/A
2015-07-02 COMMENT A Comment -- General Comments From an Expert
A Commentary
Andy Nasr

Income products. Still thinks you can find value in dividend stocks. If you look at the performance of some of the dividend oriented sectors like REITs and utilities, they have been amongst the worst performers in the US this year, which is really creating a buying opportunity for longer-term oriented investors. In the real estate sector assets are at a significant discount to replacement value. Locking in single digit yields you should be able to make a lot of money as the economy improves because cash flows will go up.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 BUY Apple
AAPL-Q
David Baskin

He does not think the Apple watch is the be all and end all. The last iPhone release was successful.  He thinks Apple music will make incremental revenue.  11 times earnings.


Price: $126.440
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 COMMENT AGF Management (B)
AGF.B-T
Andy Nasr

Looking at all the asset managers, this is the one that he is least optimistic about their prospects. These have come under a lot of scrutiny and pressure. In order to improve performance, the company has taken on additional expenses, so you are seeing the revenue decline and expenses go up. It is very likely that their AEM continues to shrink.


Price: $5.930
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 COMMENT Altagas Ltd
ALA-T
Andy Nasr

People don’t appreciate how much their business is going to change in the next 2-3 years. They have very significant “run of river” power generation assets that are going to significantly affect an increase in cash flow and operating profit. Those “run of river” assets are secured by 25 year power purchase agreements that are indexed to inflation, so there is very little commodity risk. The commodity risks that exist are going to decline significantly. Part of the reason the stock has been punished versus some of the other names, is that it tends to be perceived as having more commodity price exposure, and he doesn’t think that is the case.


Price: $38.820
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 DON'T BUY Aecon Group Inc
ARE-T
David Baskin

Disappointing earnings.  People thought as it grew it would have made a lot more money.


Price: $12.360
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-07-02 HOLD Artis Real Estate Investment Trust
AX.UN-T
Andy Nasr

Payout ratio is below 100% and the balance sheet is in really good shape. They have internalized management. Have some US exposure, which is about 20% of their net operating income, which should offset some of the weakness that we are seeing. He would be comfortable in picking it up here. Dividend is rock solid.


Price: $13.550
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 BUY Bank of America
BAC-N
Andy Nasr

You could see a bit of a pullback in the share price, just because the 2nd quarter earnings might not be all that great. This should be a $21-$22 stock price 18-24 months out. You are going to continue to see management focus on cutting costs. When you combine that with mid-single digit growth and corporate and consumer loans, you should see them really benefit from higher ROE’s.


Price: $17.030
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 BUY Baxter International Inc
BAX-N
David Baskin

(Market Call Minute) There is a lot thrown away with every operation.  It is really expensive stuff.  BAX-N makes it.  Disposable medical supplies.


Price: $38.300
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-07-02 BUY BCE Inc.
BCE-T
David Baskin

(Market Call Minute) Likes it for the yield.  Probably going up over time.


Price: $53.690
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 BUY Progressive Waste Solutions Inc
BIN-T
David Baskin

Besides death and taxes, there is sure to be garbage.  It is an economically sensitive company because more economic activity generates more garbage.  Lots of room for growth on the dividend and earnings.  This company needs a catalyst for people to pay attention.  He expects volumes and therefore earnings to go up.


Price: $33.560
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 BUY Bank of Nova Scotia
BNS-T
David Baskin

Put it away and collect the dividend.  Puerto Rico may have to default on its debt but that doesn’t affect BNS-T.  It is a tremendous bank and less than 11 times expected earnings.  Approaching 4.3% dividend.  TD-T is the premier and is the safest.


Price: $64.070
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 COMMENT Bank of Nova Scotia
BNS-T
Andy Nasr

He has a preference for US banks versus Canadian banks, because he thinks loan growth in the US is going to accelerate and there will be a bit of a slowdown in Canada. Also, the valuation is a lot more compelling today than it has been in the past. For the most part though, Canadian banks are great long-term investments.


Price: $64.070
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 PAST TOP PICK CBS Corp
CBS-N
Andy Nasr

(A Top Pick June 9/14. Down 7.64%.) Sold his holdings when he started to see ad spending decoupling from GDP growth. There is also a decline in TV viewership. He has a long-term concern about cord cutting in the US with households no longer subscribing to cable.


Price: $55.520
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 PAST TOP PICK Capital Power
CPX-T
Andy Nasr

(A Top Pick June 9/14. Down 10.38%.) This is been negatively affected by 2 main things, lower commodity prices and the NDP win in Alberta. There is some speculation that there will be an acceleration of coal retirement power generation facilities. Has been trimming his holdings for the past 6 months.


Price: $21.760
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 BUY Crombie Real Estate Investment Trust
CRR.UN-T
David Baskin

Sobeys Family/Empire Group.  Many shopping plazas have Sobeys as an anchor tenant.  He always liked them as a yield investment for 7.1%.  5 year Canada bonds are at 0.84%.  A very good option for income.


Price: $12.460
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 BUY Chartwell Seniors Housing
CSH.UN-T
Andy Nasr

He really likes this at this price. The stock has pulled back. DRIP is a great way to continue to own it and increase your investment in it longer-term. The nice thing about the seniors sector is that it is going to be supported by favourable demographics. The number of people over 75 is going to double within the next 25 years. The caveat is that it is very operationally intensive and expenses have to be managed very carefully. We are finally seeing demand exceed supply.


Price: $11.410
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 HOLD Calloway REIT
CWT.UN-T
Andy Nasr

Valuation has improved quite significantly. If you look at it relative to other retail REITs in North America, it is trading at a little bit of a premium. It wouldn’t be amongst his top retail picks, but continues to like the business. Prefers strip centres versus enclosed malls. This has a tremendous development pipeline with a sustainable yield and a very good balance sheet.


Price: $28.760
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 COMMENT Dream Office REIT
D.UN-T
Andy Nasr

He has very little office exposure in his real estate portfolios. In the next 3-4 years you are going to see a lot of new supply come on to the market. Typically, what happens when you get these new buildings is they start really affecting rents. This one has a lot of suburban office which will be affected. It is decently valued here, but you have to be very, very patient and wait for the new supply to get absorbed into the market.


Price: $24.320
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 TOP PICK Walt Disney
DIS-N
Andy Nasr

The valuation is very well supported by the earnings growth, which should go up by about 40% during the next 3 years. You are also going to get some very healthy dividend growth. Dividend yield of 1.15%.


Price: $114.970
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 TOP PICK EnerCare Inc
ECI-T
Andy Nasr

The recent pullback is a great buying opportunity. Good management. Did a large acquisition recently and are going to benefit from the synergies of that. You should also see growth in the underlying business as attrition windows down. Dividend yield of 6.25%.


Price: $13.440
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 TOP PICK Equitable Group
EQB-T
David Baskin

Mortgage lending to those without a T4 slip like contractors and the self-employed.  It is a prudent lender.  Loan losses are minimal as they have great credit judgment.  8 times earnings and pretty good growth rate.  The dividend is half of the banks, however.


Price: $62.500
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 BUY First Capital Realty
FCR-T
Andy Nasr

Was a little worried that the valuation, especially relative to some of the other retail REITs, was a little expensive. However, it has pulled back and this is a pretty good entry point. This is a very, very high quality portfolio. Good management team.


Price: $17.770
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 BUY High Liner Foods
HLF-T
David Baskin

Made major acquisition in Iceland and then the stock price exploded.  It has not done much in the last year.  They have to consolidate.  He thinks they will make more acquisitions going forward.  As the economy recovers, more people eat out and HLF-T supplies a lot of restaurants.


Price: $23.010
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 DON'T BUY Inter Pipeline
IPL-T
David Baskin

Stock vs. Stock.  KEY-T vs. IPL-T.  IPL-T just moves gas from here to there, and doesn’t add much value.  With the new government in Alberta, maybe they won’t build any more pipelines.  Prefers KEY-T.


Price: $28.890
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 COMMENT Inter Pipeline
IPL-T
Andy Nasr

Not his preferred midstream energy play right now. A lot of these energy infrastructure companies have made money hand over fist as there has been a significant increase in oil/gas production during the last 5 years. A lot of the cash flow growth is contracted. The question for a lot of these names is, what is the growth going to look like beyond 2018. The other big risk is interest rates. If you have a long-term time horizon and can stomach some commodity price volatility, this is providing a pretty decent entry point.


Price: $28.890
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 BUY Keyera Corp
KEY-T
David Baskin

Stock vs. Stock.  KEY-T vs. IPL-T.  Key-T is a more value added company that processes gas coming out of the ground.  They have a big infrastructure which is a tremendous barrier to entry in that industry.  They don’t have a great reliance on commodity process.  They are a tolling operation.  Prefers KEY-T to IPL-T.


Price: $42.440
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 COMMENT Killam Properties Inc
KMP-T
Andy Nasr

Sell Killam Properties and buy Pure Multi Family REIT? He likes this at these levels. It sold off quite significantly. The largest owner of apartment properties in Atlantic Canada. Pure Multi Family is largely a portfolio of apartment buildings in Texas. These are 2 very, very different entities. In Atlantic Canada there are no rent controls, and given that there are some signs that the economy should eventually improve, especially when there is a ship building contract and more favourable supply/demand fundamentals, he feels that this should do quite well over time. Management is keenly focused on development and trying to rebalance its portfolio, so that 50% of its operating income comes from Atlantic Canada and 50% comes from Ontario and Western Canada. As it diversifies you should get a little bit more cash flow stability and dividend growth. Prefers this one out of the 2.


Price: $10.090
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Unknown
2015-07-02 HOLD Kraft Foods Group
KRFT-Q
David Baskin

The dividend is fully taxed in Canada. KRFT-Q split into two companies.  There is no Canadian equivalent.  He would just hold onto it if you have a huge tax burden.


Price: $88.190
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 BUY Manulife Financial
MFC-T
David Baskin

A much diversified organization.  They stumbled very badly going into the market crash of ‘08.  People have a long memory.  It has finally gotten back to where it was.  How do you invest premiums with interest rates this low.  A recent transaction involved Chubb being taken out at a big premium so these insurance companies are obviously considered a lot more valuable than their market price.


Price: $23.260
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Unknown
2015-07-02 BUY Magna Int'l. (A)
MG-T
David Baskin

Many bought in when they got rid of the dual class structure.  Why did it make such a difference?  It was the removal of the CEO.  It was being run for the benefit of one of the classes of shareholders only.  A lot of institutional investors felt the same way the guest did. 


Price: $71.680
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 COMMENT Milestone Apartment REIT
MST.UN-T
Andy Nasr

Really likes management. This is a relatively high quality apartment portfolio in the US. It has really benefited from the outsized rent growth in the US. His only concern would be towards the end of 2016-2017 when there is going to be some incremental supply, which means rent growth will slow down.


Price: $12.650
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 PAST TOP PICK Methanex Corp
MX-T
David Baskin

(Top Pick Jul 14/14, Up 0.47%) He thought methanol would be in big demand.  He still thinks it would be a good stock to hold.  It has been choppy because it made a lot of money when gas prices came down and people were convinced US production would go up.  It is still a cash flow machine.  It is a price taker and dependant on the price of methanol.  They can affect the supply half of the equation.


Price: $68.190
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 DON'T BUY Netflix Inc.
NFLX-Q
David Baskin

It is not in his universe because the PE is stratospheric.  Everything good that could ever happen is already priced into the stock.  Tremendously speculative and risky.


Price: $658.310
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-07-02 COMMENT Annaly Capital Management Inc.
NLY-N
Andy Nasr

With this, you are borrowing on the short end of the curve and lending on the long end, so it is very much a spread business. You are using a lot of leverage when you do that. The rule of thumb is that you typically want to buy them when they are trading at a discount to BV. He doesn’t own any of these, because there is a significant risk if interest rates move up too quickly. There is reinvestment risk and prepayment risks. However, for the most part the dividends are safe and you are getting a good entry point.


Price: $9.350
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 DON'T BUY Northwest Healthcare Property REIT
NWH.UN-T
Andy Nasr

The largest owner of medical office buildings in Canada. Recently consolidated Northwest International, which was really comprised of medical office buildings in Germany, New Zealand and Brazil. This is now a hodgepodge of medical office buildings in different parts of the world. There is some currency risks. Likes the Canadian assets, but it is a little difficult to discern the growth potential in the International market. Payout ratio is around 100%, but he thinks the dividend is safe.


Price: $7.920
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: No
2015-07-02 TOP PICK Precision Castparts Corp.
PCP-N
David Baskin

They make primarily parts for airplanes.  Boeing recently ran down their inventory.  The stock is down 16% year to date.  16 times earnings.  This is a real premier industrial company and is a bargain.  Low yield, but he thinks there is potential for an increase as well as stock buy backs.  Sees it in the $250 range when oil recovers.


Price: $199.050
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 PAST TOP PICK Prudential Financial Inc
PRU-N
Andy Nasr

(A Top Pick June 9/14. Up 1.26%.) Still adding to his holdings as he is very confident that this will go up over time. This is a good example of a financial company in the US that is benefiting from nice secular tailwinds. A good, long term investment.


Price: $88.170
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 COMMENT Pure Multi-Family REIT LP
RUF.U-X
Andy Nasr

Sell Killam Properties and buy Pure Multi Family REIT? These are 2 very, very different entities. Valuations are a little less discounted than they are with Killam, which is dirt cheap. The biggest risk with this is that you are going to see new supply come onto the market in the US at the end of 2016 and the beginning of 2017. This means less rent growth, which has been on a huge tear in the last 3-4 years. He prefers Killam.


Price: $5.030
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 WATCH Saputo Inc.
SAP-T
David Baskin

(Market Call Minute) It needs to make another acquisition for the stock to take off.


Price: $29.920
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 BUY Starbucks
SBUX-Q
Andy Nasr

Thinks the upside a year from now will be about 15%-20%. He continues to like the company, but the biggest knock on it is that it is expensive. The multiple is warranted by growth going forward. There are a couple of things that is going to drive the share price higher. There will be an increase in emerging market penetration. North America accounts for well over 75% of their sales, and as they start to open stores in other parts of the world, that will have a very significant impact on their earnings and long-term growth expectations. Dividend of 1.2%.


Price: $54.240
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 DON'T BUY SNC-Lavalin Group Inc.
SNC-T
David Baskin

He owned it before they ran into regulatory problems.  He wonders if they are underbidding on contracts.  The margins are not very impressive as of late and it hit earnings.  Legal difficulties are still a wild card.  They may be barred from doing some kinds of work.  Earnings are very inconsistent.


Price: $42.730
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-07-02 DON'T BUY Teck Resources Ltd. (B)
TCK.B-T
David Baskin

He owned it when the Chinese were major buyers of coal for steel production.  TCK.B-T is a price taker.  They can’t do much about the prices of what they sell.  They are low now and they can’t do very much about it.  He sees weakness in China.  He is staying away from all the metals and minerals.


Price: $12.050
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-07-02 BUY Teva Pharmaceutical
TEVA-N
David Baskin

Generics Pharma manufacturer and they also have a drug of their own on which they just lost the patent.  But they just changed the dosage on that drug so it should not affect them.  They sell drugs around the globe.  They are a potential takeover target.  They have no defense against being taken over.


Price: $61.560
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 TOP PICK TransForce Inc.
TFI-T
David Baskin

Mostly East West business, but some North South.  It was sold off because of Alberta and a lack of pickup in manufacturing in Ontario.  They acquired a number of companies and have become the premier trucking company in Canada.  It is cheap, down about 14% and you can buy it while it is down.


Price: $25.680
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 PAST TOP PICK True North Apartment REIT
TN.UN-T
David Baskin

(Top Pick Jul 14/14, Up 3.26%) A good yielder.  A residential real estate play.  Apartments in Ontario, Quebec and Alberta.  Out of favour, but another one with a very high distribution.  8.8% distribution is easily sustainable at this point.


Price: $8.080
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 BUY on WEAKNESS United Technologies
UTX-N
David Baskin

There are worries about the effect of the US dollar on exports.  He is bullish on US industrials in general so you might see this as a buying opportunity.  If there is a good dip it might be time to buy it.


Price: $109.560
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-07-02 PAST TOP PICK Visa Inc.
V-N
David Baskin

(Top Pick Jul 14/14, Up 23.34%) It has to do with China where there is a huge upside.  There is a worldwide under penetration of credit cards.  They are the biggest and at the time he bought it the price was the best.  He still thinks so.


Price: $68.240
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: Yes
2015-07-02 TOP PICK Vornado Realty Trust
VNO-N
Andy Nasr

Very high quality office portfolio. They have properties in California and New York, which is an undersupplied market. You are going to see the combination of rent growth and occupancy growth really contributing to the dividend increasing over time. They have a very strong balance sheet. Dividend yield of 2.62%.


Price: $96.270
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC
Owned: Yes
2015-07-02 BUY on WEAKNESS Wells Fargo
WFC-N
David Baskin

The most consistent of the US banks.  It is less exciting because it does not have the exposure to investment banking.  Its earnings are consistent.  It is a safer bank.  It is expensive and he would buy it only at a cheaper price.


Price: $56.740
Subject: NORTH AMERICAN - LARGE
Bias: SELECTIVE
Owned: No
2015-06-30 N/A A Comment -- General Comments From an Expert
A Commentary
Jason Donville

Markets. There is a lot of noise and we are distracted by a couple of macro events. On the other end of the spectrum there are certain types of investors, including him, where they are focusing on great companies with resilient business models. When you get market weakness, it creates a chance to buy those great companies cheaper than what you could otherwise. He is not overly worried about the situation in Europe or the potential Fed rate hike in the fall, but he is focused on finding great companies that can become long-term compounders. The 10 and 100 baggers come from 2 areas. One is the lottery ticket junior resource type of company that out of nowhere they discover oil, gold, etc. and the stock goes through the roof. The problem is, those can’t be predicted in advance. The other area is the compounders, which is what he is looking for. The company that you can buy today which can compound, compound and compound. He looks for consistently high returns on equity, which is usually backed up by some kind of a competitive advantage, as well as a management team that is very good at allocating capital to keep that compounding rate going.


Price: $0.020
Subject: GROWTH STOCKS
Bias: UNKNOWN
Owned: _N/A
2015-06-30 COMMENT A Comment -- General Comments From an Expert
A Commentary
Jason Donville

Do any Canadian banks have greater potential for growth than any of the others? Generally speaking, no. It is a great basket of companies, but doesn’t think there is one that has an exaggerated potential for growth going forward. It is quite remarkable when you look at them year after year after year as to how much they grow together. He doesn’t get enough growth out of the banks and that is why he generally does not have the bank stocks. For the long-term investor who wants a good dividend, owning 3 or 4 of the bank stocks is great. Buy whichever one is cheapest that day.


Price: $0.020
Subject: GROWTH STOCKS
Bias: UNKNOWN
Owned: Unknown
2015-06-30 N/A A Comment -- General Comments From an Expert
A Commentary
Jason Donville

Growth through acquisition. There are often cases where it makes more sense to acquire than it does to advertise. A lot of the most attractive businesses have very, very sticky client relationships. If they have this, then so do their competitors. The challenge is that you can up your advertising and promotion costs dramatically and still not get very many customers, because once the customer is captured, they are stuck there. It is often far cheaper to acquire a smaller company with a good customer base than to try to advertise your way into getting more customers.


Price: $0.020
Subject: GROWTH STOCKS
Bias: UNKNOWN
Owned: _N/A
2015-06-30 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Jason Donville

Marijuana stocks? He is a big skeptic that there is a big enough market for marijuana companies to backfill. There has been a certain amount of speculation that there will be some liberalization, but he feels the space is saturated and nobody is making any money. The scales they need to justify valuation is massive in relation to where they are.


Price: $0.020
Subject: GROWTH STOCKS
Bias: UNKNOWN
Owned: No
2015-06-30 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Smedley

Markets. He thinks ultimately Greece moves out, except there are pressures from other members, particularly Germany, to keep them in. They want them in to justify the existence of the euro, and probably also to act as a buffer from threats rising in the Middle East, which he feels is quite a serious concern. The markets, altogether, are really fairly normal. Where corrections are required, normal things are happening. It is a bit choppy, partly because the power of money is so great now that they are swinging in and out on a short-term basis. There are some reliable stocks that seem to just keep going up forever.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2015-06-30 COMMENT Aurora Spine
ASG-X
Michael Smedley

One of the most disappointing plays. It is kind of at the beginning of this great 2-year bull market in all of these stocks. There are a lot of companies in this sector. They are working hard to try to increase its sales in hospital equipment.


Price: $0.650
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2015-06-30 BUY Alimentation Couche-Tard (B)
ATD.B-T
Jason Donville

(Market Call Minute.) Has been recently adding to his existing position. One of the great long-term super compounders in the Canadian market.


Price: $53.430
Subject: GROWTH STOCKS
Bias: UNKNOWN
Owned: Unknown
2015-06-30 COMMENT Amaya Gaming Group Inc.
AYA-T
Jason Donville

Recently sold his small position. With all the governance issues around the stock is not worth it. ROE has not turned out to be as high as what he was looking for. He would rather put his money elsewhere.


Price: $34.220
Subject: GROWTH STOCKS
Bias: UNKNOWN
Owned: No
Showing 1 to 60 of 141,615 entries
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