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

Recent Opinions with Comments from our Viewers

Date Signal Company Expert Opinion Price
2014-12-17 N/A A Comment -- General Comments From an Expert
A Commentary
David Baskin

Energy. For every winner from oil, there is a loser, in Canada particularly. The redistributive effect of low gasoline prices, particularly for the working poor in the US, is bigger than any policy that the Obama administration has managed to pass in 6 years. In other words, this is putting more spendable cash in the pockets of poor to middle income families in the US, which is going to be used for consumer spending, and is not going to end up in Saudi Arabia or Venezuela or Iran. This is highly positive.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: _N/A
2014-12-16 DON'T BUY AGF Management (B)
AGF.B-T
Mike S. Newton, CIM FCSI

Cut their dividend by about 70%, which was a big surprise; because that was the only thing investors seemed to have with this company. If you own, you are left with a company that is in decline, its assets (net sales) he believes are in decline. Fundamentals and price trends have not been attractive to him. He would not be interested in buying this.


Price: $8.150
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: No
2014-12-15 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Bowman

Markets.  Guest reviewed The 10 Market Rules to Remember from Bob Ferrell

1.  Markets tend to return to the mean over time.  Look at the insanity right now.  It always becomes sane again.  The price of oil will not go down forever.

2.  Excesses in one direction lead to opposite excesses in the other direction.  Greed turns into fear.  Oil has probably overshot in its correction.  Investors must be patient.

3.  There is no era, so excesses are never prominent.  We all think we are smarter than the market.  But the market has a mind of its own.  We will never understand it.

4.  Exponential rapidly rising or falling markets usually go further than you think, but never go sideways.  The market will come back to the 200 day moving average.

5. The public buys the most at the top and the least at the bottom.  He does not believe in selling oil stocks right here.  If we learn nothing else today, independent thinking will always outperform the herd mentality.

6.  Fear and greed are stronger than long term resolve.  We need to have a plan.  Somehow we need to put fear and greed on the back burner and focus on the situation at hand.

7.  Markets are strongest when they are broad and weakest when they narrow to a few blue chip names.  Try to understand where the market as a whole is right now and where a particular stock fits in.  60% of the move of a security is based on the move of the market as a whole.

8.  Bear markets have three stages: Sharp Downturn, Reflexive Rebound, and a Drawn Out Fundamental Downturn.  If we are going into a bear market in oil, you will still see a rebound here.  But this is how bear markets get started.  He doesn’t believe we are going into a bear market for oil, however.

9. When all the experts and forecasters agree, then something else will happen.  Interest rates were supposed to go up this year, but they fell. 

10.  Bull markets are more fun than bear markets unless you are short.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: DEFENSIVE
Owned: _N/A
2014-12-15 TOP PICK Altagas Ltd
ALA-T
Gajan Kulasingam

It is a diversified business model of power, gas and regulated utilities.  This will be one of the highest dividend growers (10% over next 3 years).  Projects they commissioned will be coming on line.  Have one of the lowest payout ratios amongst their peers.  You will see a bump up in cash flows and payout ratio.  They have the quickest chance to get a LNG projects up and running. 


Price: $36.960
Subject: INDUSTRIALS, UTILITIES and ENERGY INFRASTRUCTURE
Bias: OPTIMISTIC
Owned: Yes
2014-12-15 TOP PICK Aecon Group Inc
ARE-T
Michael Bowman

Convertible debentures from Aecon.  He is looking for a more conservative way to play an equity.  5.6% yield.  You get back 100% in three years.  Not a lot of downside.  It has been hurt along with the oil situation.


Price: $9.770
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: DEFENSIVE
Owned: Yes
2014-12-15 DON'T BUY Transalta Renewables
RNW-T
Gajan Kulasingam

TA-T is a major shareholder and consolidates them on their balance sheet.  They will have to dilute their equity to fund the acquisition of an asset.


Price: $11.350
Subject: INDUSTRIALS, UTILITIES and ENERGY INFRASTRUCTURE
Bias: OPTIMISTIC
Owned: No
2014-12-02 COMMENT AGF Management (B)
AGF.B-T
Bruce Campbell (1)

Has been in an asset decline for a few years now and losing some business on the institutional side. Retail side is not growing either. Highly Canadian equity, which has hurt them in a relative sense in the last couple of years. Dividend has been double-digit for a couple of years and he thought they would have cut by now. The thing to watch is “assets under management”. If it continues to fall, they are going to have to cut.


Price: $9.680
Subject: CANADIAN LARGE
Bias: BULLISH on NORTH AMERICAN ECONOMY
Owned: No
2014-12-01 BUY Torc Oil & Gas Ltd
TOG-T
Eric Nuttall

Nibbling on this stock this morning.  Was double this amount back in September.  They have a hedge position next year of about 28%.  This is one of the dividend stocks in Canada he would like to own.  They can sustain their dividend and yet maintain their cap X program.


Price: $7.960
Subject: OIL & GAS
Bias: CAUTIOUS on OIL
Owned: Yes
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
2014-11-18 COMMENT HAP Seasonal Rotation ETF
HAC-T
Michael Bowman

2% MER. This is high for an ETF? That is really high and he questions if it is really 2%. It has done well.


Price: $15.000
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH
Owned: Unknown
2014-11-17 DON'T BUY Tourmaline Oil Corp
TOU-T
Larry Berman CFA, CMT, CTA

Stock vs. Stock.  SU-T vs. TOU-T.  TOU-T is mostly Gas.  Gas will have more volatility.  FCG-T is a better way to play gas. 


Price: $42.730
Subject: TECHNICAL ANALYSIS & ETF's
Bias: UNKNOWN
Owned: Unknown
2014-11-13 N/A A Comment -- General Comments From an Expert
A Commentary
Derek Warren

Are large indoor malls dying? There is a question as to what are our shopping habits going to be in the future. He doesn't think the mall is dead. People are not going to sit at their computers and shop all day. Shopping is a community experience, so they are going to continue to go to these areas. It is the smaller, secondary, tertiary areas that are going to be difficult. There is also a certain amount of re-tenanting that is going to have to happen. Certain stores are just not going to survive the Internet age, but they will be replaced.


Price: $0.020
Subject: REIT's
Bias: BULLISH on REITs
Owned: _N/A
2014-11-04 BUY Emera Inc
EMA-T
Prakash Hariharan

(Altagas (ALA-T) or Emera (EMA-T) as a core stock for the long-term with a growing and sustainable dividend?) Names like this have grown very strongly. He would think the value is in this company rather than Altagas.


Price: $37.280
Subject: GLOBAL DIVIDEND
Bias: UNKNOWN
Owned: Unknown
2014-10-24 TOP PICK CGI Group (A)
GIB.A-T
Jason Donville

The long-term on this company is that every year it has 20% ROE. Trades at 9.9X 2015 earnings. Well-managed and throws off a lot of cash flow. They buy back their stock. He is pretty comfortable that it will be 20% higher. It should be $8 higher in year’s time.


Price: $37.470
Subject: GROWTH & FINANCIALS
Bias: OPTIMISTIC
Owned: Yes
2014-10-22 PAST TOP PICK AutoCanada Inc.
ACQ-T
Bruce Campbell (2)

(A Top Pick Oct 16/13. Up 46%.) He held this all the way to the top of its run. Technically it broke down so he sold his holdings in the mid-$70’s. He acquired some more in the $62 range plus more in the last week. The growth is still there. Just made another acquisition in Toronto. Trading at around 15-16 times earnings.


Price: $55.540
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2014-10-21 SELL Aecon Group Inc
ARE-T
John Zechner

They take on the contracts, often fixed priced, and then they can get into overruns which crimps the margins totally. Trying to get their costs under control, and just have not been able to do it in a time when the industry is booming.


Price: $14.590
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
2014-10-21 DON'T BUY Detour Gold
DGC-T
John Zechner

Traded in and out of this in the last week. The interesting thing is that this is the levered play right now. They have a high cost of production at about $1200 an ounce. With the US$ going higher, that is another downward move on gold. Because this is a higher risk play right now, he would stay on the sidelines.


Price: $9.180
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2014-10-20 DON'T BUY Power Corp
POW-T
David Baskin

Went down because of bond yields and because of investor’s group management because stocks went down and so then their fees went down. He thinks the stock is cheap and the dividend is sustainable.  He would recommend being at the top of the pyramid because if value is released that is where it will happen.


Price: $28.460
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-10-17 TOP PICK Merus Labs International
MSL-T
James Hodgins

(Top Pick Sept 30/13, Up 5.71%) The new CEO is better than the prior.  They have expanded the drug base to 3 in the portfolio.  The new CEO will be much more aggressive at growing the portfolio of drugs from 3 to 6 next year to 12 the following year.  It is ridiculously cheap.Thinks you will see a double in the next while.


Price: $1.480
Subject: MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias: UNKNOWN
Owned: Yes
2014-10-15 DON'T BUY Exchange Income
EIF-T
Fabrice Taylor

Stock is not doing very well. This started off as a sort of conglomeration of various businesses. Started off in the airline space, basically ambulances and government contracts moving people from the north down to Winnipeg for medical care. That is a good business because the government is your customer. Then they ventured off into things such as cell phone towers, and this is what is causing a lot of concern right now. He would be very careful about this. It has a feeling that there is something wrong.


Price: $15.900
Subject: NORTH AMERICAN
Bias: CAUTIOUS
Owned: Unknown
2014-10-08 DON'T BUY Canadian National R.R.
CNR-T
Michael Sprung

Canadian National (CNR-T) or Suncor (SU-T)? He would choose Suncor based on the multiples that they sell at. He doesn’t own the railroads. (See Top Picks.)


Price: $75.800
Subject: CANADIAN LARGE
Bias: OPTIMISTIC
Owned: No
2014-09-24 TOP PICK Diversified Royalty Corp.
DIV-T
Bruce Campbell (2)

Just made an announcement in May that their very 1st royalty stream they are going to invest in, is a restaurant chain Franwork Franchise out of Calgary. Right now it is only a revenue royalty stream off of some restaurants, but the plan is to roll it out into a multiple royalty stream. Currently trading at about 7.5% yield and is probably comparable to trade in the 6.5% range. Thinks there is some capital appreciation here, plus you are getting a nice dividend.


Price: $2.380
Subject: CANADIAN
Bias: BULLISH
Owned: Yes
2014-09-19 COMMENT Baytex Energy Corp
BTE-T
John Stephenson

This has been a very strong story over the last 10 years. More of a heavy oil story, which is looking pretty good. The differential between Western Canadian Select and WTI has narrowed and is likely to stay now because the infrastructure bottlenecks that were creating the spread have really narrowed. Very well managed and will continue to grow.


Price: $43.160
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH on US ECONOMY
Owned: Yes
2014-09-18 HOLD Dorel Industries
DII.B-T
Barry Schwartz

Their big focus now is on bicycles.  They are making an acquisition in Brazil to even out the seasonality.  He likes it and bought it last year, likes the fundamentals and is willing to wait for it.  3-4% dividend yield.


Price: $34.750
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-09-12 TOP PICK Tourmaline Oil Corp
TOU-T
Bruce Campbell (1)

Down 15%, so you can buy this at almost an average multiple, which is the 1st time you have been able to do that for years. Great track record and great management team. Thinks production BOE’s per day goes from 120 this year to almost 250 by 2015, a double.


Price: $50.860
Subject: CANADIAN LARGE
Bias: BULLISH
Owned: Yes
2014-09-10 HOLD Inter Pipeline
IPL-T
Paul Gardner, CFA

A crazy thing happened to these utilities.  The valuations have doubled.  They are now at 20 times earnings.  It is because interest rates are down and yet there is growth.  They are at capacity and have the pipelines to the oil sands.  He struggles with the valuation but feels they are worth another 10%.  It is a core position.  It is not wrong to take some profits if you have made a lot on it.


Price: $36.830
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: OPTIMISTIC
Owned: Yes
2014-09-09 COMMENT Pembina Pipeline Corp
PPL-T
David Burrows

Possible takeover target? There is a possibility of consolidation because some of the mid-streamers have more growth opportunity with great longevity in their projects. The problem is, they are not inexpensive, so it would be an expensive acquisition.


Price: $52.030
Subject: NORTH AMERICAN - LARGE
Bias: BULL
Owned: Unknown
2014-09-04 COMMENT Power Financial Corp
PWF-T
Douglas Kee

He definitely watches this one. Expects dividend increase of 3%-5%, which seems to be their formula.


Price: $35.670
Subject: CANADIAN DIVIDEND
Bias: UNKNOWN
Owned: No
2014-08-28 DON'T BUY Element Financial
EFN-T
Don Lato

He has a policy that if he has been burned by management in the past, he tends to stay away from those companies. It has done well. This is a bit of a roll up strategy, where they keep buying in smaller leasing companies. Easy money has been made in this and growth prospects are fairly muted from this point on.


Price: $13.990
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: No
2014-08-25 PAST TOP PICK Canfor Corp
CFP-T
Peter Brieger

(A Top Pick Aug 27/13. Up 25.17%.) Sold his holdings at $29. If it got back to $22.50, he would probably Buy it back.


Price: $25.410
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-08-25 SELL Surge Energy Inc
SGY-T
Eric Nuttall

Longer term he does not think they can maintain the metrics they are putting to the street.  He moved to TOU-T for the long term.


Price: $8.640
Subject: OIL & GAS
Bias: SELECTIVE
Owned: No
2014-08-22 BUY Vermilion Energy Inc
VET-T
Jeff Young

A high-quality name in Western Canada with gas assets in Ireland and Europe. As they continue to grow, there are opportunities for it to reduce its dividend over time. Very good conservative company and a good one to hold. 3.7% dividend yield.


Price: $70.680
Subject: CANADIAN DIVIDEND
Bias: BULLISH
Owned: No
2014-08-13 COMMENT AutoCanada Inc.
ACQ-T
Mike S. Newton, CIM FCSI

Took quite a drop, but doesn’t know what the specific reason for it was. It is good news that the large auto manufacturers are friendly with the company. All the metrics are very good for Canadian auto sales. The problem with a consolidation play is that the market gets a little addicted to it, and the minute you are not doing acquisitions they start wondering what is the organic growth. He would probably be interested in buying this pretty soon.


Price: $67.350
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-08-12 BUY BlackBerry
BB-T
Bill Carrigan

To him, this is an under owned stock. Fairly disliked. When you get a stock like that which doesn’t make new lows, and actually has a series of higher lows, this could be acquired in here.


Price: $10.290
Subject: TECHNICAL ANALYSIS
Bias: BULLISH on MATERIALS
Owned: No
2014-08-08 COMMENT Leisureworld Senior Care Corp
LW-T
Jaime Carrasco

This is one of his longest holding REITs. He likes it because the composition is mostly old age homes, so it has the demographics behind it. They have consistently delivered on the dividend. His company has a target of $13.25. He is starting to take some money off the table on this. 7% yield.


Price: $12.890
Subject: RESOURCE, UTILITY & REITs
Bias: CAUTIOUS
Owned: Yes
2014-08-01 BUY BlackBerry
BB-T
John Zechner

Likes this. Volatile, but has a lot of low hanging fruit. There are metric valuations that can be improved upon. It’s not going to be in the handset business, but more in software on the security side. New CEO is reinventing the company. There is still a massive Short position in the US, which is going to have to be covered at some point.


Price: $10.150
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2014-07-29 COMMENT Hudbay Minerals Inc.
HBM-T
Ross Healy

Stock has done brilliantly well and probably goes higher. Fair Market Value, as he measures it, is about $18. However, there is some pretty stiff resistance at around $15. If this bull market has legs, then he thinks this is going to do well for you.


Price: $11.620
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-28 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Financial Stocks.  The ZEB-T rallied about 5-6% past week.  Analyst forecasts for next year are the same as where the banks are now.  They might revise earnings estimates or the earnings are all built in to the bank stocks.  If you are going into banks now, then ZEB-T is the best way to play because of the covered calls.  But he sold Canadian banks last week to move into the US.  He thinks they are a little stretched here.


Price: $0.020
Subject: TECHNICAL ANALYSIS - N.A. EQUITIES
Bias: UNKNOWN
Owned: No
2014-07-23 TOP PICK SPDR Financial E.T.F.
XLF-N
Stan Wong

Banks have really under-performed versus the S&P 500. This is due to regulation issues out there and interest rates remaining lower than expected. On valuation you are looking at 1.35X Book Value compared to the TSX financial sector at 1.85X. With the strengthening US economy, a recovering housing market, lower loan loss provisions and better credit issues, this should do quite well.


Price: $22.970
Subject: NORTH AMERICAN & ETFs
Bias: OPTIMISTIC
Owned: Yes
2014-07-18 TOP PICK Vangrd European E.T.F.
VGK-N
John Hood

This is about 600 European stocks, of which about 30% is UK. There are a number of European ETF’s, but likes this one because it is well diversified.


Price: $58.970
Subject: OPTION STRATEGIES & E.T.F.S
Bias: OPTIMISTIC
Owned: Yes
2014-07-17 TOP PICK CGI Group (A)
GIB.A-T
Keith Richards

On the short term, it is starting to show a bit of an upswing. The long term chart shows a long-term upward trend is in place. Thinks the stock is going to continue on its merry way, because they just keep landing contracts and the trend is in place. A great story.


Price: $38.060
Subject: TECHNICAL ANALYSIS
Bias: BULLISH
Owned: Yes
2014-07-15 DON'T BUY Retrocom Mid-Market REIT
RMM.UN-T
Derek Warren

The economy in their areas is a little strained.  It is under pressure still.  High payout ratio and it is also doing development.  Yield should be safe but it is not an area of growth.


Price: $4.500
Subject: REIT's
Bias: UNKNOWN
Owned: Unknown
2014-07-15 COMMENT Veresen Inc
VSN-T
Gajan Kulasingam

Stock had a nice run, and was really a function of them de-risking their Jordan Coal project, a West Coast-based LNG export project. They need to secure the financing and an off taker for their LNG facility. Thinks this is worth $21. Still have the risk of the alliance pipeline that needs to be re-contracted. He doesn’t want to take on their risks. Dividend is safe for now, but it depends on how they re-contract.


Price: $19.000
Subject: Energy Infrastructure, Industrials & Utilities
Bias: OPTIMISTIC
Owned: No
2014-07-14 HOLD Surge Energy Inc
SGY-T
Hap (Robert) Sneddon FCSI

Unless we get a correction in time, it may come down to $7.  He would not worry about it on a short term basis.  Thinks these names will roll over again in later July.  Add to it below $7


Price: $7.460
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2014-07-11 WATCH Agrium
AGU-T
Don Vialoux

Seasonality for fertilizer stocks is normally around the end of June through until the end of the year. However, fundamentals are not good. All the major fertilizer companies are expected to report significantly lower earnings on a year-over-year basis. Chart shows that the stock has just broken down through a key support position, and is now in a downward trend. Below its 20 day moving average, and significantly under performing the TSE composites. Watch for an opportunity after they report their 2nd quarter results at around the end of this month.


Price: $94.810
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2014-07-09 DON'T BUY Surge Energy Inc
SGY-T
Benj Gallander

This is not contrarian in any way, shape or form. It has a lot of characteristics of the old income trusts and of the ones that got into tremendous trouble. Have zero cash, and just increased their dividend as they take over another company. Increased their debt load and shares outstanding. Looks at this as a stock with a tremendous amount of danger. This will be fascinating to look at in 5 years time, as they will have done really, really well, or may sell off non-core assets to raise money. Wouldn’t go close to this.


Price: $7.720
Subject: CONTRARIAN INVESTING
Bias: UNKNOWN
Owned: No
2014-07-08 DON'T BUY AGF Management (B)
AGF.B-T
Christine Poole

(Market Call Minute) Would not buy here.  High yield could be cut if they don’t get their sales going.


Price: $12.080
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2014-07-08 WEAK BUY Choice Properties REIT
CHP.UN-T
Paul Gardner, CFA

Tenants are 95% Loblaw’s anchored.  Stable asset.  It hasn’t done much since the IPO.  There is nothing wrong with it.  There is always that inherent conflict where so much of it is owned by Loblaw’s.  He finds this a conflict.


Price: $10.610
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: Unknown
2014-07-08 BUY Canadian Natural Rsrcs
CNQ-T
Paul Gardner, CFA

Such a great operator, great growth profile.  Analysts are still forecasting a $90 barrel of oil and $4 MCF for gas.  CNQ-T has some more room to go.  Prefers SU-T because of assets, but CNQ-T is also good.  There are probably more legs even if oil comes off a little.


Price: $49.120
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: Unknown
2014-07-08 BUY Crescent Point Energy Corp
CPG-T
Christine Poole

Large land position, production growth is pretty good.  Dividend is flat at $1.20 and she is not expecting a dividend increase. They will grow production at a steady rate.  High net backs.  She would buy it around here as it has pulled back.


Price: $45.710
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2014-07-08 DON'T BUY Dream Industrial REIT
DIR.UN-T
Paul Gardner, CFA

Dream International, Dream REIT and lots of assets going all over the place.  He would prefer a more conservative stance.  He doesn’t want to get involved because the restructuring hasn’t really gone on and they just hid the problems under the mat.


Price: $9.670
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: Unknown
2014-07-08 TOP PICK Tricon Capital Group
TCN-T
Paul Gardner, CFA

(Top Pick July 02/13, Up 21.44%) Leverage to the US housing market recovery.  They have an asset management business.  They have a development business.  They own single family homes and he thinks the stock is cheap.  They are growing this to be a multiyear thing.  They figured out how to buy single family homes and then run them.  They purchased in the hardest hit areas in the US.  It trades incredibly cheaply compared to its NAV of $9-$10.  They can refinance properties at a lower rate.


Price: $7.600
Subject: FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias: BULLISH
Owned: Yes
2014-07-04 COMMENT Apple
AAPL-Q
Paul Harris, CFA

Google (GOOGL-Q) or Apple (AAPL-Q)? Given this choice, he would pick Google. On a balance sheet level, etc., they are very similar. Google is a software company whereas Apple gets about 60% of their revenue off of one product, the iPhone. There has not been a real product from them for a long, long time. Also, this company has gone up a lot more, but that has to do more with financial engineering, as opposed to anything else.


Price: $94.030
Subject: NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias: OPTIMISTIC
Owned: Unknown
2014-07-03 BUY on WEAKNESS Agrium
AGU-T
Brian Acker, CA

Model price is $120, 23% upside.  It is a cyclical and he would love to see it come back to the $80 region to buy more.  Top side of the stock is $110.  POT-T is at a higher valuation and only has a 12% upside with a ceiling of $43.50.


Price: $97.070
Subject: NORTH AMERICAN - LARGE
Bias: BULL
Owned: Yes
2014-07-03 TOP PICK Rogers Communcations (B)
RCI.B-T
Barry Schwartz

This company is a complete mess, but there are so many great assets inside the company. There are the publicly traded securities they own. Also, has a terrific sports asset where there is a big value. Thirdly cell towers, a huge business in the US, where they are being spun out for $500,000 each. This company has 6,000 cell towers. Yield of 4.26%.


Price: $43.000
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-02 TOP PICK Energy Transfer Partners L. P.
ETP-N
Michael Underhill

Looking over the next 20 years, there is going to be roughly $687 billion of CapX in energy infrastructure. Capital is going to flow to the ones that already have existing assets, as well as those that have the ability to create new assets. This is one of those companies. You’ll make 8%-10% a year, not a wild 20%-30% upside. Yield of 6.42%. Thinks this is going to go 11 innings.


Price: $58.020
Subject: GLOBAL AGRICULTURE, INFRASTRUCTURE & TIMBER
Bias: BEAR
Owned: Yes
2014-06-27 TOP PICK Precious Metals and Mining
MMP.UN-T
Jaime Carrasco

If he has an older client that wants to have precious metals, this is one that he would put in their accounts. Considered higher risk, only because of the market cap. Has come down quite a bit. The dividend is a nice gift, but he is not trading it for that as it could come down. However, looking at the portfolio, you have about 30 different producing companies, and this is a great diversified play for precious metals.


Price: $2.970
Subject: RESOURCE, UTILITY & REITs
Bias: CAUTIOUS
Owned: Yes
2014-06-27 TOP PICK Toscana Energy Income Corp.
TEI-T
Jaime Carrasco

This was one of the first royalty plays. Now that the pension funds have bought into the PrairieSky (PSK-T) business model, they understand the royalty play, and he thinks this will start to move. Reserve life on the proven is seven years. Yield of 11.62%. (Careful on this. They quoted a 11.62% yield a couple of times, but the Globe says it is only 3.874%. However my trading account says it is 11.86%. Check with your broker first. - Bill)


Price: $13.940
Subject: RESOURCE, UTILITY & REITs
Bias: CAUTIOUS
Owned: Yes
2014-06-27 DON'T BUY Talisman Energy
TLM-T
Dennis Da Silva

A company that is still going through a refocusing effort. Leverage is still an issue. North Sea is still a tremendous drag on cash flow, and is the Achilles heel. If they could sell this part of their interests it would do wonders for the stock. You might be sitting around for quite a while because he can’t think of too many people that would want to buy such a mature asset that is bleeding cash.


Price: $11.260
Subject: CANADIAN RESOURCE
Bias: UNKNOWN
Owned: No
2014-06-24 TOP PICK Bankers Petroleum
BNK-T
Mason Granger

(Top Pick July 23/13, 129.65%) Leadership changed at the top of the company. They cut costs.  He continues to be optimistic about the company going forward.  Albania is probably not the best part of the world to invest in, but management is solid and they licked their technical challenges.  It throws off a lot of free cash flow.  Operations are improving and they are cutting costs.  They are having early success with recovery using polymer floods.  They get Brent-linked pricing.


Price: $6.990
Subject: OIL & GAS
Bias: BULL on OIL & GAS
Owned: Yes
Showing 1 to 60 of 429 entries
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