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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
2016-09-30 COMMENT Samsung Electronics
005930-KS
Christine Tan

Several years ago, the chairman fell ill and his son has taken over. This has created a very different shift in the way the company behaves. There is more of a focus on capital allocation. Historically there was a very low dividend being paid, but there are now buybacks and increases in dividends. She likes this.


Price: $0.000
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 TOP PICK LG Household & Healthcare Ltd
051900-KS
Christine Tan

Cosmetics and skincare, and is her play on beauty spending in China. If you look at serious spending in China, it is cosmetics and has doubled over the last 5 years, but is expected to continue to grow by double digits in the next few years. Dividend yield of 0.58%.


Price: $0.000
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 COMMENT Shanghai Fosun Pharmaceutical Group
2196-HK
Christine Tan

A Chinese health care stock? Healthcare is a secular growth theme that she really, really likes. She focuses on larger companies for diversification and balance sheet quality. A very diversified group selling generics as well as Chinese traditional medicines (TCMs). They also manufacture and sell devices. Around 70% of China’s drug spending is actually TCMs. The stock is very inexpensive trading at around 17X earnings.


Price: $0.000
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 N/A A Comment -- General Comments From an Expert
A Commentary
Christine Tan

Emerging Market Stocks. Up until January of this year, emerging market stocks had a very tough time. In large part, it was because we were expecting a rate hike from the Fed, and money was going back into US and Europe, as opposed to emerging markets. Since then, they have far outperformed their developed counterparts. This is because Central bank policies remain relatively benign. Also the BREXIT vote really highlighted that political risks can occur anywhere. Even with the rally that we have seen to date and the strong outperformance, she sees a lot of value.


Price: $0.020
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: _N/A
2016-09-30 N/A A Comment -- General Comments From an Expert
A Commentary
Christine Tan

ADR? This stands for American Depository Receipt. A US investment bank will create ADRs, which essentially buy foreign securities, allowing North American investors to buy them.


Price: $0.020
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: _N/A
2016-09-30 N/A A Comment -- General Comments From an Expert
A Commentary
Ryan Modesto

Market. There are 3 broad themes that really haven’t changed. Interest rates, forthcoming election and valuation. The interest rates and forthcoming election are really problems that are going to deal with themselves over the next 3 months or so. As they get nearer, you are going to have more volatility and a lot more uncertainty, but he really views this as an opportunity for investors. If these events create a pullback, it would be a good time to be adding to your portfolio, and even picking up some interesting names from your watchlist. Valuation is really the million-dollar question. On an absolute basis, stocks are more expensive than what they were based on historical multiples, but he thinks there is more to the story. Interest rates and inflation are very low right now, which means your real returns can still be acceptable even with equities at a premium. Stocks are your only game in town. If you are prudent, pick your spots and invest for the long-term, and you will do okay in the markets right now.


Price: $0.020
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: _N/A
2016-09-30 TOP PICK AIA Group
AAGIY-PK
Christine Tan

Life insurer. This has grown to become the largest Pan-Asian insurer with operations across 18 countries in the Asia-Pacific. Very strong balance sheet. Because they are so big, a lot of their revenues fall to the “surplus”. They have been increasing dividends every year on a regular basis. Dividend yield of 1.41%.


Price: $0.000
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 COMMENT Deutsche X-trackers Harvest CSI 300 China A-Shares
ASHR-N
Christine Tan

This tracks the A shares in China which is the onshore market. There is also a B shares, but much smaller. There is also the H share market which are Hong Kong listed stocks. What she likes about some of the onshore market in China is that there are certain sectors that are not well represented outside. Because it is predominantly a retail market in China, the volatility is typically higher than the Hong Kong side.


Price: $24.650
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: No
2016-09-30 COMMENT Avigilon Corp
AVO-T
Ryan Modesto

Fundamentals have always fundamentally looked good, but it has just been sliding down. They have a bit of a strategy shift, going to a loss leader strategy, where they are going to sell cheaper surveillance cameras to get their foot in the door with customers, and then up-sell them with higher quality versions of their product. Longer-term, that is probably not a bad strategy, but it was not what they sold investors in the 1st place. It is really a “show me” story.


Price: $9.070
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 COMMENT A&W Revenue Royalties Income Fund
AW.UN-T
Ryan Modesto

He likes the burgers and the company. Valuation has gotten bid up a bit, so the yield has come down. It has some pretty strong same store sales metrics is a fast food company. He likes the same store sales momentum, which is a key metric here. As a royalty, they are taking money off of the top and don’t really have any operations they have to pay for. 4.7% yield.


Price: $33.960
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Yes
2016-09-30 COMMENT Alibaba Group Holding
BABA-N
Christine Tan

This and Tencent (TCEHY-5) are the behemoths of China technology. She likes this company. It is a long-term core play.


Price: $104.640
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 COMMENT Creditcorp Ltd
BAP-N
Christine Tan

The largest retail bank in Peru. Peru is her favourite Latin America country at the moment. The new president is very pro-business. This bank is benefiting from extremely low penetration of financial products, and has a very strong capital discipline. The ROE is very consistent over the years at around 20%.


Price: $151.160
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 COMMENT Baidu.com
BIDU-Q
Christine Tan

She likes the business model a lot. It is essentially the Google of China. She would be very watchful as to what Ali Baba (BABA-N) and Tencent (TCEHY-5) decide to do in “Search”. So far, they are more focused on competing with each other. She likes this company, but it is not inexpensive. However, the growth potential justifies that.


Price: $182.070
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Unknown
2016-09-30 PAST TOP PICK Airboss of America
BOS-T
Ryan Modesto

(A Top Pick June 24/16. Down 5.05%.) Does different types of rubber compounds for the self defence industry. A deeper value type of name, trading at 9X earnings. The recent quarter wasn’t great, and the next one probably won’t be overly exciting either. Things will eventually pick up, and he thinks it will move quite well when that happens. He still likes it.


Price: $13.250
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Yes
2016-09-30 COMMENT China Mobile Hong Kong
CHL-N
Christine Tan

One of the 3 main telecoms in China, and is the largest by subscriber base. Very well-run. Has about a 3.2% dividend yield. Payout ratio is very low and the stock is inexpensive. She likes this.


Price: $61.520
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 COMMENT China Construction Bank Corp
CICHY - OTC
Christine Tan

Although cautious on the banks, she does own this one. It is the more conservative of the Chinese banks. A very inexpensive stock. Has earnings growth of 10%-11%, and is trading at around 5X earnings. She is starting to see a recovery in spending, and banks tend to participate in that.


Price: $0.000
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 SELL Concordia Healthcare
CXR-T
Ryan Modesto

Had liked this in the past. Their most recent quarter was brutal. It seemed like management was blindsided by the results. He got out at around $13. Over the next 3 months, no fund manager is going to want to hold this in their portfolio.


Price: $7.120
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: No
2016-09-30 HOLD D-Box Technologies
DBO-T
Ryan Modesto

Does motion seating for theatres. A small-cap and is volatile. Sometimes it will move 5%-10% on little or no news. They are moving into China and have just signed a contract with a company where the whole auditorium is going to be all D-Box seats. This is a good sign and thinks they will continue to sign contracts. Every time there is a new theatre, you might see the stock move.


Price: $0.680
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Yes
2016-09-30 COMMENT DH Corporation
DH-T
Ryan Modesto

For a long-term hold?Long-term is what you have to think of with this company. They are in the FINTECH space, mortgage processing payment area. He likes this more for income as opposed to growth. Has a fairly large debt load of about $1.9 billion, but thinks they can manage it. It is going to take a while for that leverage to come down. Recently announced a partnership with a large financial institution working on blockchain, a technology that could really transform the processing side of financial institutions.


Price: $28.360
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 COMMENT DHX Media
DHX.B-T
Ryan Modesto

Children’s media. He likes this company. It has not been the greatest performer over the last year. Even their most recent quarter reported last week was lacklustre. The guidance for 2017 is looking better. They are expecting double digit earnings growth over the next year. They have kind of put some investments behind them now, and he thinks they are going to start reaping the benefits.


Price: $6.910
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 COMMENT iShares MSCI Taiwan ETF
EWT-N
Christine Tan

You can think of this as an indirect Apple play. They have a lot of technology component companies, that are basically supplying all of the major smart phones of the world. What you will notice about Taiwan is that when Apple has a good product launch, their market tends to do well.


Price: $0.000
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: No
2016-09-30 TOP PICK Great Canadian Gaming Corp
GC-T
Ryan Modesto

A casino operator. Starting to get some momentum behind it, but it is still pretty cheap. They operate in a stable business with some regulatory protection. There is some organic growth runway behind them as they are expanding a casino in British Columbia as well as a new one in Belleville Ontario. Thinks it may have been overlooked because of a lack of dividend, but sometimes that is good for a business.


Price: $22.840
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: No
2016-09-30 COMMENT Knight Therapeutics
GUD-T
Ryan Modesto

One of the few pharmaceutical companies that has actually done well over this last year. He likes it. They have a whack load of cash of about $625 million which they are using to finance pharmaceutical companies, buying licenses, etc. You are really buying the management team.


Price: $9.180
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 COMMENT HDFC Bank Ltd
HDB-N
Christine Tan

Prefers this over ICICI Bank, primarily because of the type of loan book that they have. They have a little less exposure to the big corporate loan sector, which is going through a little bit of a workout in India right now. This bank trades at a premium. She is focused on quality growth, and is willing to pay a little bit more for it.


Price: $71.890
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 HOLD ICICI Bank Ltd.
IBN-N
Christine Tan

Has reduced her holdings in the last few months, and increased her weighting in some of the other Indian banks. There are pockets of the Indian banking system where there are some loan quality issues in the large corporate loan books, and ICICI has quite a bit of exposure to the segment of the loan book in the economy. That is why the stock has underperformed a lot of the other more retail oriented banks. Trading at a very discounted valuation. It might take another couple of quarters before they work through some of their issues.


Price: $7.470
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 HOLD Infosys Technologies Ltd.
INFY-N
Christine Tan

She likes this as a long-term market leading play on IT outsourcing. There has been a little bit of noise and concern about renewals of contracts with the potential of expanding into other verticals. The stock is down 25%, but she is not too concerned. Trading at around 16X earnings, which is very attractive. Dividend yield of 3.8%.


Price: $15.780
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 HOLD K-Bro Linen Inc
KBL-T
Ryan Modesto

Laundry services for hospitals, hotels, institutions. There have been some pretty lacklustre quarters recently as competition is increasing. The company is adding plants throughout Ontario to add to their logistical efficiencies, giving lower costs. You will have to hold for another year to get a leg up, but in the meantime, the 3% dividend is nice.


Price: $41.060
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 HOLD KP Tissue Inc
KPT-T
Ryan Modesto

He likes this company. It is a stable business. In a market where you are worried about stock valuation or not too comfortable with volatility, this is a decent name. He would own this more for the 5.3% dividend.


Price: $13.840
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 COMMENT Kinaxis Inc
KXS-T
Ryan Modesto

A very interesting Canadian. They are involved in supply chain management logistics software. Seems that they have built a better mouse trap. They are signing big companies. Recently signed Samsung, which is one of the largest supply chains globally. With this contract, other large companies are going to start looking at them as a possible supplier. Valuation is pretty high, but this is one of those companies that in 5 years’ time is going to look very different than what they do today. A caveat is that just on valuation compression, it could go down 20% in a given year, but also it could be way, way higher than that over 3-5 years.


Price: $61.690
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 HOLD Loblaw Companies Ltd
L-T
Ryan Modesto

It is hard to be negative on this company. They are a large cap long-term performer. He has liked this ever since they made the big Shoppers acquisition and he thinks they will continue to derive value and margins from this acquisition. It allows them to cross sell.


Price: $67.500
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 COMMENT China Life Insurance
LFC-N
Christine Tan

She is very cautious about the banks because of balance sheet concerns, but really likes the life insurance sector. Very low penetration of products through all of China. This one is well positioned and trading at a relatively low valuation. (See Top Picks.)


Price: $13.080
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: No
2016-09-30 COMMENT MacDonald Dettwiler & Assoc.
MDA-T
Ryan Modesto

This has been a bit of a frustrating stock over the last year. Nothing seemed to work for them. However, fundamentally it is really a strong company. They have strong 5-year fundamental metrics behind them, like ROE, revenue growth and income growth. It seems to be stalling out lately. This is good, but you might have to wait another year for it to really take off.


Price: $80.000
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: No
2016-09-30 BUY on WEAKNESS New Flyer Industries Inc.
NFI-T
Ryan Modesto

Long-term, he loves this company. They have continually performed, quarter in-quarter out. Strong balance sheet and good fundamentals. In the shorter term, they have been in the news a bit more than long-term shareholders are used to. Had a New Jersey contract cancelled, due to financial issues on the New Jersey transit side. That is behind them already. There was also Marco Polo out of Brazil, a large shareholder, which recently sold a lot of shares, and a lot of investors got spooked. On any pullback, he would consider it as a buying opportunity. Shares are cheap at 13-14X next year’s earnings.


Price: $39.430
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 TOP PICK Naspers Ltd.
NPSNY-SJ
Christine Tan

A South African company. Tech media. A fascinating business model. You could think of them almost as a private equity firm. 80% of their NAV and almost 100% of their market cap and is basically reflected in their stake in Tencent (TCEHY-5). This is her way of investing in Tencent, with a free option on all their other businesses.


Price: $0.000
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 BUY Netease.com Inc
NTES-Q
Christine Tan

A gaming company in China, which is one of the fastest growing sectors in online China. She likes it, but doesn’t currently own it. The company has done very, very well and it is not expensive.


Price: $240.780
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: No
2016-09-30 PAST TOP PICK Premium Brands Holdings Corp
PBH-T
Ryan Modesto

(A Top Pick June 24/16. Up 18.79%.) Still likes it. Strong management team. A premium foods distributor and marketer. Recently made a US acquisition for about $5 million, and they will continue to do this type of thing. The organic growth story will be in 2017, when they are building a sandwich facility.


Price: $61.800
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Yes
2016-09-30 COMMENT Petroleo Bras Sa Petro
PBR-N
Christine Tan

You can’t really talk about this without talking about Brazilian politics. This company has very, very extensive resources. Unfortunately, they also have a lot of debt. A very levered play on oil prices, and a small move in oil will result in a big move in this company.


Price: $9.330
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: No
2016-09-30 DON'T BUY Patient Home Monitoring
PHM-X
Ryan Modesto

Not a big fan. He used to like it, but they have been making a lot of poor management moves. They are now splitting the company into 2 parts, which he thinks is an odd decision. A $70 million company right now, so cutting the companies in half full makes them even smaller. Thinks it hurts their viability.


Price: $0.185
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 COMMENT Shinhan Financial Group
SHG-N
Christine Tan

A Korean bank that you can think of as similar to a large Canadian retail bank. This is the largest player in Korea. The Korean banking sector has been going through a pretty tough few year’s adjustment. She likes this one. It is very well-run. Very conservative management.


Price: $35.150
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 COMMENT Sinopec Shanghai Petrochemical
SHI-N
Christine Tan

She owns the parent company. A good business. They are losing money on the production front because of where oil prices are, and are actually cutting a lot of capital spending to try and maintain as much as they can of free cash flow. This is more of a dividend play. A good, longer-term hold.


Price: $50.400
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: No
2016-09-30 COMMENT Savaria Corp
SIS-T
Ryan Modesto

Health care equipment. This was a former Top Pick of his and he still likes it. It does all the right things. Recently increased their dividend by 30% and are making good acquisitions. They have strong tailwinds with the baby boomer demographic.


Price: $11.330
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 TOP PICK Stella-Jones Inc.
SJ-T
Ryan Modesto

Railway ties and utility poles. There is a kind of steady consistent demand for their products. Thinks the recent pullback has been due to the chunky contract nature with utility poles. However, what is being overlooked is the lumber side of their business. They are getting into the residential lumber in the US, and their most recent quarter had some pretty good growth in this business. Their prospects have never looked as good, and yet the multiple is trading below their historical multiples. Dividend yield of 0.88%.


Price: $45.510
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Yes
2016-09-30 COMMENT Silver Wheaton
SLW-T
Ryan Modesto

Not a huge fan of materials, energy and commodity sectors. However, he likes this because it is a royalty name. They just share financing costs, and then they take the money off the top and paying it out as a dividend to shareholders. He likes the model, and if you want to get involved in the space, this is a good name to be in.


Price: $35.440
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 COMMENT Tencent Holdings Ltd
TCEHY-5
Christine Tan

The largest tech company in China. Started out in mobile gaming, basically on smart phones. They launch 79 games every quarter, and at any point in time they typically have 5 to 6 of the top 10 games in China. They now own the largest chat business with about 870 million active users, and are starting to monetize that with ads along with games where you can get additional features at a price.


Price: $0.000
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 TOP PICK Spin Master Corp
TOY-T
Ryan Modesto

This is a founder led company which he likes. The founders started out selling Earth Buddies and Devil Sticks on the street and have built it into an international toy company. This is a fresher IPO, so they don’t have a lot of operating history, but if you can get past that, there is lots of life. They have a lot of growth levers to pull. Just getting started internationally and are not afraid to make acquisitions. Also they are starting to pair TV content with their product launches, which could be pretty powerful. If you have a hit TV show you will have a hit product, or vice versa.


Price: $30.200
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Yes
2016-09-30 COMMENT Ten Peaks Coffee Co
TPK-T
Ryan Modesto

This is a name that he really wants to like. However, there are a few things holding him back. One is customer buying power. They have some national accounts that are very large which can swing the results on any given quarter based on the volumes they need. The other issue is that it sort of serves as a subset of a subset of a market. On the positive side, a Mexican competitor just had their FDA Green certification stripped. 2018 is what you have to look out to. They are building a new production facility in the BC area. It is okay to own, but you are just going to have to tuck it away until the new plant is built and then wait 6 months.


Price: $6.910
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 COMMENT Tata Motors Ltd.
TTM-N
Christine Tan

There are 2 very different growth engines for this company. The domestic auto industry in India is growing very, very quickly. A few years ago they bought Jaguar Land Rover, which is contributing a lot to their margins, as well as top line growth. They have been introducing a number of new product launches. She likes this a lot. It has a combination of top line growth as well as potential for margin expansion. Expects about an 18% upside in the next 18 months.


Price: $39.980
Subject: EMERGING MARKET
Bias: BULLISH on EMERGING MARKETS
Owned: Yes
2016-09-30 PAST TOP PICK Exco Technologies
XTC-T
Ryan Modesto

(A Top Pick June 24/16. Down 0.24%.) Tooling for auto parts. This is a value play and you have to think a bit longer term for it. Very cheap. A strong, consistent ROE and a dividend grower. They are pretty adept at making acquisitions. Dividend yield of 2.3%.


Price: $11.830
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Yes
2016-09-30 WAIT Edgewater Wireless Systems
YFI-X
Ryan Modesto

A pretty interesting company. Making the Wi-Fi more efficient for things likes theatres and stadiums. Stock is up about 180% this year, but the company is still pre-revenue, and he is not a huge fan of companies that are not producing revenue. He would prefer that they prove their business, get the contracts and start translating that into income for the company. They just did a $2.5 million equity raise which might last them 1-2 years. He would wait to see some revenue come in before getting too interested.


Price: $0.480
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-30 COMMENT ZCL Composites Inc.
ZCL-T
Ryan Modesto

This is sitting at new all-time highs, which he likes to see. They do underground liquid storage. In the past, they have increased the dividend and paid a special dividend. In the upcoming quarter, you might see a bit of volatility, but in the quarters after you should see an expansion in margins because they are dropping a business line that was losing money. Two quarters out this will be fine.


Price: $11.120
Subject: CANADIAN SMALL & MIDCAPS
Bias: UNKNOWN
Owned: Unknown
2016-09-29 N/A A Comment -- General Comments From an Expert
A Commentary
Peter Imhof

Markets.  This is the first year in 5 that small caps have outperformed.  He expects that to continue throughout the rest of the year.  There is more of a sector rotation and more into small caps than large.  Mining stocks have done extremely well.  Small and mid-cap energy stocks are outperforming the large.  In Canada there are more small and medium cap companies that are in the oil space than elsewhere.  People are looking for more outside of resources as well. 


Price: $0.020
Subject: NORTH AMERICAN - SMALL
Bias: BULLISH on SMALL CAPS
Owned: _N/A
2016-09-29 N/A A Comment -- General Comments From an Expert
A Commentary
N/A

NO SHOW TONIGHT. The show is a repeat of last night's show with Rick Rule. I didn't hear any announcement, but presumably BNN Market Call Tonight must have had a problem.

Maybe the slated guest couldn't make it???

 

Bill


Price: $0.020
Subject: N/A
Bias: UNKNOWN
Owned: _N/A
2016-09-29 BUY on WEAKNESS AGT Food & Ingredients
AGT-T
Peter Imhof

A long term holding for him.  People are looking for other sources of protein besides red meat.  Chickpeas and Lentils.  They did a good job of growing their earnings.  The macro environment is good for them and operationally they are doing well.  He would feel comfortable holding it for the next few years.


Price: $37.970
Subject: NORTH AMERICAN - SMALL
Bias: BULLISH on SMALL CAPS
Owned: Yes
2016-09-29 SELL Aecon Group Inc
ARE-T
Peter Imhof

They are probably one of the only construction companies that have done well.  He finished selling it about 4 months ago because after they do well for a while they eventually misprice a contract.  So he exited.  The management team did a very good job. 


Price: $17.830
Subject: NORTH AMERICAN - SMALL
Bias: BULLISH on SMALL CAPS
Owned: No
2016-09-29 BUY Bird Construction Income Fund
BDT-T
Peter Imhof

This is the one he would be looking closely at here.  Their balance sheet is quite good.  Risk reward looks pretty good.  It is great for individuals, but it does not trade a lot so holds him back as an institutional investor.


Price: $11.310
Subject: NORTH AMERICAN - SMALL
Bias: BULLISH on SMALL CAPS
Owned: No
2016-09-29 PAST TOP PICK Boyd Group Income Fund
BYD.UN-T
Peter Imhof

(Top Pick Jan 8/16, Up 34.31%) They have gotten bigger.  He has had a history with these guys.  He has not sold a share.  Same store sales growth is up 5%.  It is one of his top ten holdings.  There is a lot of running room for them.  They are continuing to make acquisitions and can continue to grow.  It is one of the A+ management teams in North America.


Price: $81.650
Subject: NORTH AMERICAN - SMALL
Bias: BULLISH on SMALL CAPS
Owned: Yes
2016-09-29 COMMENT Canacol Energy Ltd.
CNE-T
Peter Imhof

He used to own it.  He moved to another.  They got into trouble with oil prices, but have not gotten out of it.  It is smaller cap.  Reducing tax rates in Colombia would be beneficial to them.


Price: $4.310
Subject: NORTH AMERICAN - SMALL
Bias: BULLISH on SMALL CAPS
Owned: No
2016-09-29 HOLD CRH Medical Corp.
CRH-T
Peter Imhof

He really likes the management team.  He continues to hold it although the whole healthcare sector has been under scrutiny.  Their earnings have grown as they made tuck-in acquisitions.  They recently did some marketing.  Over the next couple of years earnings estimates should go up.


Price: $5.110
Subject: NORTH AMERICAN - SMALL
Bias: BULLISH on SMALL CAPS
Owned: Yes
2016-09-29 BUY Canwel Building Materials Ltd.
CWX-T
Peter Imhof

He likes this story.  He used to own some.  He sold because it had done well.  He is not buying it because he has so many housing related stories.  But he likes it.  He would continue to hold it.


Price: $6.680
Subject: NORTH AMERICAN - SMALL
Bias: BULLISH on SMALL CAPS
Owned: No
2016-09-29 SELL Concordia Healthcare
CXR-T
Peter Imhof

He prefers to cut losses because of the amount of debt on the books.  When you get into trouble you still have to fund all that debt.  He doesn’t see the company coming back.  Cut your losses.


Price: $7.120
Subject: NORTH AMERICAN - SMALL
Bias: BULLISH on SMALL CAPS
Owned: Unknown
Showing 1 to 60 of 156,882 entries
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