Recent Top Picks | StockChase
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Compiling comments that experts make about stocks while on public TV.

Recent Top Picks

Date Signal Company Expert Opinion Price
2016-09-30 TOP PICK LG-Household--and--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 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 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
2016-09-29 TOP PICK Ceapro-Inc.
CZO-X
Peter Imhof

They extract beta glucan from oats.  It is supposed to be anti-aging, healing and goes into their products.  They have ramped up earnings tremendously over the last few quarters.  They just opened a new facility that can do 10 times the production.

Price:
$1.840
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
Yes
2016-09-29 TOP PICK Diamcor-Mining-Inc.
DMI-X
Peter Imhof

No one covers this story.  When he looked at the numbers he got VERY interested.  They just started to ramp up in terms of production.  It should rise into Q1’17.  They could earn 20-40 cents.  He has 3 year warrants.  Diamond prices are at a multi year low.  This will start to get it on people’s radar screens.

Price:
$0.000
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
Yes
2016-09-29 TOP PICK Tamarack-Valley-Energy
TVE-T
Peter Imhof

This one has been a laggard.  It has trailed a lot of other oil and gas companies.  They did a fantastic job of growing production.  They did a good job of cutting down their costs.  They are not levered because they have a great balance sheet.

Price:
$3.200
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
Yes
2016-09-28 TOP PICK AltiusMinerals-Corp
ALS-T
Rick Rule

Very high quality people. Brian Dalton is one of the best young allocators of capital in Canada. Has built very large money from turning mineral properties to account. He has a very large royalty portfolio in the company. Lots of free cash flow and lots of working capital. Dividend yield of 1.16%.

Price:
$10.330
Subject:
PRECIOUS METALS
Bias:
UNKNOWN
Owned:
Yes
2016-09-28 TOP PICK Aecon-Group-Inc
ARE-T
Hap (Robert) Sneddon FCSI

Expects this to go much, much higher although there is a bit of volatility to deal with in the meantime. Has a $25 target from here. If it gets above $19, a way we go. Dividend yield of 2.56%.

Price:
$18.000
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2016-09-28 TOP PICK Alterra-Power-Corp.
AXY-T
Rick Rule

Big geothermic producers in Iceland. The company has disappointed investors because it is in the alternative energy space, which takes a very long time. People look at the historic lack of cash generation, not understanding that the company has generated the cash to pay down $200 million in debt over 7 years. Their free cash flow really begins to come next year, and the stock will re-rate. Dividend yield of 0.76%.

Price:
$6.520
Subject:
PRECIOUS METALS
Bias:
UNKNOWN
Owned:
Yes
2016-09-28 TOP PICK Baxter-International-Inc
BAX-N
Hap (Robert) Sneddon FCSI

Very big in kidney medicine. Healthcare is a really good space to be in. One of the few spaces that is in a secular bull market. This company has some pricing power and some really big competitive advantages that are going to be recognized by the market. Dividend yield of 1.1%.

Price:
$47.920
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2016-09-28 TOP PICK Extendicare-Inc
EXE-T
Hap (Robert) Sneddon FCSI

Seniors housing. They have done some divestitures in the US. Profitability has really gone up, and they are in a really good space; demographics. The breakout queued his interest. He has taken a small position of about a 3rd. A good space to be in.

Price:
$9.290
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2016-09-28 TOP PICK Ivanhoe-Mines
IVN-T
Rick Rule

Two of the assets, the Kamoa and the Platreef are 2 tier 1 assets, absolutely world scale assets, in copper, platinum and palladium respectively. They are “throw away” assets. The King Leopold mine Kipushi is the highest grade zinc/copper mine in the world. There are risks, but with partners like the governments of China and Japan, it goes a long way to mitigating those risks. He suspects there are going to be weak copper markets for at least 2 years.

Price:
$1.860
Subject:
PRECIOUS METALS
Bias:
UNKNOWN
Owned:
Yes
2016-09-27 TOP PICK Amtrust-Financial-Services
AFSI-Q
Kash Pashootan

This is in the business/casualty insurance space. They also do specialty risk warranties. They have been on a fairly aggressive acquisition spree. They have been buying smaller insurers, cutting costs and using their scale to expand. That acquisition spree is done, and they are now starting to digest. He expects the acquisitions to become accretive by 2017. Trading at around 9X PE. Dividend yield of 2.59%.

Price:
$26.140
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
CAUTIOUS
Owned:
Yes
2016-09-27 TOP PICK AGT-Food--and--Ingredients
AGT-T
Michael Decter

Pulse crops such as lentils, field peas. A very determined Saskatchewan native with family in Turkey, has built this company from scratch. They have an enormous plant in Minot, North Dakota. The first piece of good news is a huge crop, which will lower prices a little, but increase volumes. This will allow him to pull some working capital out. Secondly, he is getting into the ingredient business, so he is going to grind up the crops. He has a line up of big food makers. It is a better base than corn starch to make healthier foods.

Price:
$37.150
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-27 TOP PICK Clearwater-Seafoods-Inc.-
CLR-T
Michael Decter

This is a brilliant company. They have ordered a new $40 million clam boat. More than anything, this is a play on Asia needing protein. This company holds almost all of the licenses to extract. Dividend yield of 1.44%.

Price:
$13.850
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-27 TOP PICK Cisco
CSCO-Q
Kash Pashootan

You are not buying this because it is cheap. There are so many companies transitioning from old archaic businesses to the Cloud business and this is doing that as well. The difference is that Cisco’s network switching business is still making them money. Any growth that you see on the Cloud business that Cisco creates, is above and beyond the growth that is already there with their meat and potatoes business. Dividend yield of 3.32%.

Price:
$31.480
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
CAUTIOUS
Owned:
Yes
2016-09-27 TOP PICK First-American-Corp.
FAF-N
Kash Pashootan

A conservative way to play the housing market. Their primary focus is title insurance. He likes the housing market in the US, with the US consumer having low debt to income than in Canada. Dividend yield of 3.42%.

Price:
$39.960
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
CAUTIOUS
Owned:
Yes
2016-09-27 TOP PICK Mettrum-Health-Corp
MT-X
Michael Decter

One of the marijuana stocks, and likes it because its larger brother Canopy (CGC-T) gets all the air time, and in his view this is a lot better value. They have a huge number of patients and are doing a good job of building the company. The real play is going to be next year when the government opens up the recreational market.

Price:
$3.150
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-26 TOP PICK Lincoln-National-Corp.
LNC-N
Liz Miller

She thinks there is interest in the life and integrated area.  In the US there is the department of labour (DOL) ruling and this stock is immune to this ruling.  They are well capitalized.  It came down with the industry.  There is interesting upside going forward.

Price:
$45.520
Subject:
US EQUITIES
Bias:
BULLISH on US MARKET
Owned:
Yes
2016-09-26 TOP PICK Phillips-66
PSX-N
Liz Miller

They are the biggest independent refiner.  They are doing some internal restricting to get down to only 30 percent refining.  It’s a good opportunity to buy for the longer term.

Price:
$79.090
Subject:
US EQUITIES
Bias:
BULLISH on US MARKET
Owned:
Yes
2016-09-26 TOP PICK Starbucks
SBUX-Q
Liz Miller

It has slowly faded lower since its peak earlier in the year.  Long term she loves this stock.  They have a reliable store front.  They are rolling it out globally. 

Price:
$54.040
Subject:
US EQUITIES
Bias:
BULLISH on US MARKET
Owned:
Yes
2016-09-26 TOP PICK Vanguard-MSCI-Emerg.-Mkt.-ETF
VEE-T
John DeGoey

Feels people should be invested a) outside of Canada (emerging markets) and b) broad diversification with low costs.

Price:
$29.610
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-09-26 TOP PICK iShares-CNX-Nifty-India
XID-T
John DeGoey

Although he believes in “emerging markets” as a broad play, for those people who want an individual country, he would recommend India. This is a part of the world that is growing at a really, really breakneck pace, compared to what we are used to in the West.

Price:
$30.440
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-09-26 TOP PICK BMO-Emerging-Mkts-Bond-Hedged-CAD
ZEF-T
John DeGoey

If you believe that you want to have bonds, or need to have them, emerging markets will give you a bit of a yield that will give you more jazz than what you would otherwise have.

Price:
$17.430
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-09-23 TOP PICK Aecon-Group-Inc
ARE-T
Greg Newman

A beneficiary of very rich infrastructure spending at all government levels. Very strong backlog in their energy segment, where a lot of people are staying away because it is a big component of their business. They have nuclear opportunities such as the Darlington win last year. There are a lot of additional opportunities from Candu sites. Has a decent dividend with a very low payout ratio. He models 22% cash flow per share growth each and every year for the next couple of years. This is cheap, relative to its 5-year average. Dividend yield of 2.56%.

Price:
$17.980
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-23 TOP PICK Killam-Properties-Inc
KMP.UN-T
Greg Newman

This has an in-line valuation relative to their peers, yet it is growing at around 8% FFO over the next couple of years. A good growth at a reasonable price. Dividend yield of 4.89%.

Price:
$12.250
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-23 TOP PICK Medtronic-Inc
MDT-N
John Stephenson

In general he has been cautious on Biotechs, but this is a medical devices company. It is very, very solid. In the next 5 years it should be growing revenues at mid-single digits. Earnings at low double digits. Dividend yield of 1.96%.

Price:
$87.710
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2016-09-23 TOP PICK Quebecor-Inc--B-
QBR.B-T
Greg Newman

They have about 25% wireless growth due to their Spectrum advantages over the incumbents in Québec. That drives the 20% EPS over the next couple of years. The stock is trading cheaper than its five-year average by a wide margin. There is also $500 million of Spectrum licenses that they can monetize on. Dividend yield of 0.45%.

Price:
$39.730
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-23 TOP PICK Shake-Shack-Inc
SHAK-N
John Stephenson

*Short* This is a specialty burger restaurant. Danny Myers is the entrepreneur behind it. He has some wonderful restaurants, in New York in particular, but this is his high end burger joint, and it is trading at a ridiculous multiple. The price of eating out has gone up and up, and consumers’ incomes are not going up at the same level.

Price:
$34.950
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2016-09-23 TOP PICK Vodafone-Group-PLC
VOD-Q
John Stephenson

A telecommunications company, essentially in the mobile space. It is basically in the UK, but only 10% of its earnings come from the UK. This is a cash return story. We are in “a lower for longer” environment. This is throwing off close to a 7% yield. As long as it stays flat, you’ve got a pretty good return in an otherwise lacklustre market.

Price:
$29.150
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2016-09-22 TOP PICK D-Box-Technologies
DBO-T
Stephen Takacsy, B. Eng, MBA

The management has been delivering.  It is seats in theatres that move.  No dividend.  They will be supplying 143 systems in China.  They are opening a motion code studio in China.

Price:
$0.680
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2016-09-22 TOP PICK First-United
FUNC-Q
Benj Gallander

A bank out of Oakland Maryland. It has a pretty good balance sheet. This bank didn’t dilute at all during the recession. Thinks they will start paying a dividend after 2017, and the stock should start to move up.

Price:
$10.400
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-09-22 TOP PICK Innodata-Isogen-Inc.
INOD-Q
Benj Gallander

They do digitalization and deal with technology solutions. Bought this at $2.21 and has a target of over $7. Very nominal debt. Insiders own quite a bit. They are moving into new fields, and he is not sure how successful that will be. Feels management has a pretty good idea of what they are doing.

Price:
$2.230
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-09-22 TOP PICK Logistec-Corp
LGT.B-T
Stephen Takacsy, B. Eng, MBA

Pure infrastructure in ports and environmental services.  They repair water pipes.  Sales are growing at double digit rates.  It has gone up 8 fold in the last 10 years.  It came down last year.  It is a great time to accumulate it.  A very well managed company.

Price:
$34.530
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2016-09-22 TOP PICK United-Security-Bancshares-Inc
USBI-Q
Benj Gallander

A small bank located in Alabama with about 20 retail outlets. Great bottom-line and a dividend yield of 0.82%. Clean balance sheet. 6 million shares outstanding, and they didn’t dilute at all during the recession. He can see it doing better than a double from here.

Price:
$9.180
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-09-22 TOP PICK Velan-Inc
VLN-T
Stephen Takacsy, B. Eng, MBA

A classic value play, trading below book value.  World leaders in nuclear valves.  The backlog is growing again.  They buy back their stock regularly below book value.  They may sell the company some day.  Margins should grow significantly in the next few years.

Price:
$16.400
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2016-09-21 TOP PICK Brookfield-Infrastucture-Partners
BIP.UN-T
Nick Majendie

This fits in with his infrastructure theme. If you want to buy a global infrastructure company, this is the “go to” name. His dividend growth target is 7%-9% a year. FFO growth and cash flow growth of 12%-15% a year for the next few years.

Price:
$43.920
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-21 TOP PICK Enbridge
ENB-T
Nick Majendie

He really likes the Spectra acquisition. The only potential negative is the earnings multiple which is in the almost mid-20s now, so there are some interest rate risks. If you Buy it and tuck it away, you see the dividend grow to the point where it will double in 7-8 years. There is a strong emphasis on renewables, they are the 2nd largest wind producer in Canada. Have done a large joint venture with a French organization.

Price:
$57.910
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-21 TOP PICK goeasy
GSY-T
Bruce Campbell (2)

Financials with a leasing division which leases furniture from their own stores, but also has relationships with 3rd parties. Also, has a financial side of their business for unsecured consumer loans for $1500 to $15,000, which is the area that has really been growing. They are on a nice growth trajectory and have really dialled in their credit provisions and how they are going to manage that. This is trading super cheap. Expects they could earn $3 next year, and the stock is trading at less than 10X earnings. Dividend yield of 2.13%.

Price:
$23.820
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2016-09-21 TOP PICK Methanex-Corp
MX-T
Nick Majendie

Thinks that this and methanol prices have bottomed out. The largest methanol producer globally. Good volume growth. Methanol prices have just increased a bit in North America. He is expecting good dividend growth and continued buybacks. The upside is decently significant.

Price:
$39.690
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-21 TOP PICK Spin-Master-Corp
TOY-T
Bruce Campbell (2)

Toy producer. It continues to be super innovative. Has huge brand power. Have a number of relationships with different companies such as Star Wars games, Barbie games, etc. This has been growing phenomenally, both organically and by acquisition. Not super cheap, but growing at a phenomenal rate. Insiders own so much of the stock, the float is not very big, so it does tend to be a little volatile. If you can pick a day or week when it is selling down, you get a chance to get into the premier toy company out of Canada. At some point, the stock is probably going to get taken out.

Price:
$30.200
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2016-09-21 TOP PICK Sleep-Country-Canada-Holdings
ZZZ-T
Bruce Campbell (2)

The Dollarama for the next 5 years in that they are growing their store numbers. Their penetration for population base is not where they want it to be, but want to bring it down so that there are more stores per 100,000 people than there are right now. They continue to grow their sales. Have had 12 consecutive same-store sales growth. The last quarter was double digits, which is really unheard of. They are focusing on their sales process and on accessories. Accessories are higher margin than just the street mattresses. The stock is not cheap, so if you can get it when it pulls back, that would be a great time. Dividend yield of 1.75%.

Price:
$30.990
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2016-09-20 TOP PICK Deutsche-X-trackers-Harvest-CSI-300-China-A-Shares
ASHR-N
Tyler Mordy

Feels the China story is so important. The market is getting it wrong. Chinese stocks have so many positive benefits in the long term.

Price:
$24.650
Subject:
ETF's
Bias:
BULLISH
Owned:
Yes
2016-09-20 TOP PICK Boardwalk-REIT
BEI.UN-T
Andy Nasr

Trades at a huge discount to replacement value, which he pegs at around $65. Apartments are a defensive asset class and this is a good example. If you are worried about house prices declining in Western Canada, people are going to rent instead of buy. You should see occupancy go up in low income Housing, which is where this company really benefits. 80% of the Net Operating Income comes from Alberta and Saskatchewan, which is why it trades at a sizable discount. Exceptional management team which owns 25% of the company. Dividend yield of 4.5%.

Price:
$49.950
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-09-20 TOP PICK PowerShares-Senior-Loan-Portfolio
BKLN-N
Tyler Mordy

Senior bank loans. They effectively differ from high-yield bonds in that 1) they are higher up in the capital structure and 2) they have a floating rate structure. If you are worried about rising interest rates, this is a way to go. A good comparison would be “junk bonds”. He has liked high-yield bonds for a while and has sold them. He is now moving into this ETF.

Price:
$23.130
Subject:
ETF's
Bias:
BULLISH
Owned:
Yes
2016-09-20 TOP PICK Cigna-Corp.
CI-N
Andy Nasr

A US health insurer provider, one of the largest. There is a pending deal. Aetna (AET-N) (?) wants to buy the company, and it is unlikely that deal gets approved. If the deal doesn’t get approved, the break fee is about $1.5 billion. On top of that, when you look at the cash they can deploy, they are going to have about $10 billion to play with. They can buy back a ton of stock if the deal does not go through. If it does go through, you still get 30% upside. Dividend yield of .03%.

Price:
$131.990
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-09-20 TOP PICK iShares-MSCI-India-ETF-
INDA-US
Tyler Mordy

India is a story that is a little more popular. Everybody can recite the positives such as young demographics, the government led by Modi or the monetary policies. The real thing you want to see in emerging markets is the “triple merit scenario”; falling interest rates, rising currencies and a rising stock market. The way to do that is to get inflation down, and inflation has been a huge problem in emerging markets for a while. India has stuck to the program.

Price:
$0.000
Subject:
ETF's
Bias:
BULLISH
Owned:
Yes
2016-09-20 TOP PICK Nestles
NSRGY-OTC
Andy Nasr

He has shied away from the US consumer staple sector, however he does find good consumer staple opportunities in Europe, and this is an example of a fantastic company. You are getting a mid-single digit free cash flow yield. It is also a company that has optionality. A new CEO is coming in January, and the focus is going to be on cost control and margin improvement. Dividend yield of 2.9%.

Price:
$0.001
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-09-19 TOP PICK Keyance
6861-JP
David Fingold

Manufactures sensors and machine vision systems. Automation is necessary to move to where we are trying to go in in terms of manufacturing quality. A very entrepreneurial company. All their products create tremendous cost savings for their clients. Dividend yield of 0.21%.

Price:
$0.000
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-09-19 TOP PICK Facebook
FB-Q
Teal Linde

The growth rate is attractive.  35% revenue growth, 26 times earnings.  Typically the PE is higher than the growth rate. 

Price:
$128.650
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2016-09-19 TOP PICK Inficon
IFCN-SW
David Fingold

Manufactures vacuum metrology equipment. This is gas chromatography and mass spectrometers used for analytical purposes. Their largest single market is semiconductor equipment. They are also the biggest producer globally of leak detection for manufacturing refrigeration equipment, and air conditioners. They also have a business that does real time environmental monitoring. Dividend yield of 3.41%.

Price:
$0.000
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-09-19 TOP PICK New-Home-Company-Inc.
NWHM-N
Teal Linde

A home builder.  They build $2-4 Million homes.  Newport Beach, California, homes on the coast.  Experienced management.  Their reputation gives them greater success at buying from landowners to develop.

Price:
$0.000
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2016-09-19 TOP PICK Painted-Pony-Petroleum
PPY-T
Teal Linde

He is bullish on Nat Gas.  Management is proven.  4th largest reserve of all publically traded companies.  You had the first draw down in Nat Gas since 2006 last month.  You just need a normal winter.

Price:
$7.740
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2016-09-19 TOP PICK Strauss-Group
STRS-IT
David Fingold

An Israeli company in the food business. One of their largest business segments is fresh salads and dip. They are the globe leader in those products. Also, they are the largest coffee brand in Brazil, and one of the largest in Eastern Europe. Those businesses have been growing well organically, and feels that the currency translation affects are behind them. They are also the leader in snack foods and dairy in Israel. Last quarter Israel grew at 4%. It is one of the fastest-growing developed economies in the world. There is tremendous immigration, and they are coming with money and skills.

Price:
$0.000
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-09-16 TOP PICK AGT-Food--and--Ingredients
AGT-T
William Chin

A global player in pulses, a vegetarian protein which is very big these days, a healthy eating trend. They also have a big market in India and Turkey, which are seeing a decline in production of lentils and chickpeas. The profit margin and revenue is rising. They have a good order backlog. A fantastic stock.

Price:
$36.230
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-09-16 TOP PICK Bonterra-Energy-Corp
BNE-T
Swanzy Quarshie

Has a nice 4.9% dividend that is sustainable. They have done really well with costs. The story has free cash flow on current oil prices, which is going to help them pay off debt, which has been a little too high. Free cash flow yield for this year and next is much higher than it was in 2014 when oil prices averaged $94. This has a great history of ROC.

Price:
$24.510
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
Yes
2016-09-16 TOP PICK Freehold-Royalties
FRU-T
Swanzy Quarshie

Royalties are very sustainable businesses, and is essentially the model that she looks for in free cash flow growth. One of the most sustainable businesses out there today, and believes it will be one of the first to increase its dividend when oil prices start to turn. They have a very, very clean balance sheet. Compared to other royalty comps, they are much cheaper. The spread between this company and Prairie Sky (PSK-T) is as wide as it has ever been. Dividend yield of 4.38%.

Price:
$10.970
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
Yes
2016-09-16 TOP PICK Imvescor-Restaurant-Group
IRG-T
William Chin

Operates a whole bunch of restaurant franchises, including Baton Rouge and Pizza Delight. They have about 220 restaurants throughout Ontario, Québec and Atlantic Canada. In 2014 they got a new CEO, who encouraged the franchisees to revamp their restaurants, put out new menus and new items on the menus. Traffic has been recovering very, very well. This is in the early innings of getting franchises. Good revenue growth and is a very cheap valuation in the restaurant sphere.

Price:
$3.110
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-09-16 TOP PICK Seven-Generations-Energy-Ltd
VII-T
Swanzy Quarshie

Still sees more upside in this story. It is a cheaper way to play gas, because at $50 oil essentially their gas “break even” is zero. For them, gas really is a by-product. As well, their gas is piped to Chicago, which makes her a little more comfortable than the gas that is in Western Canada. They bought Paramount’s assets. The company has an excellent track record of execution and there is more upside in terms of more upside in the drilling they are going to have on the Paramount lands. It gives them a lot of running room for future growth. A well priced story.

Price:
$30.620
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
Yes
2016-09-16 TOP PICK Sleep-Country-Canada-Holdings
ZZZ-T
William Chin

This sounds gimmicky, but they are doing very well. 80% of their sales are mattresses, but they are now getting into duvets, covers and pillowcases, etc. Valuation is a little high, but profits and revenues are both growing at very healthy rates. Their competition is Sears Canada and Bay Canada, where you can go in and have a nap before anybody comes to help you.

Price:
$30.990
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-09-15 TOP PICK Apple
AAPL-Q
Paul Harris, CFA

To him, this has sort of gone ex-growth, not growing as quickly. IPhone 7 is not substantially different, but was incrementally different. He likes the stock because it is cheap. They have lots of cash and can put it to work with a higher dividend. Their services business is growing quite rapidly, so he can see better numbers on that side. Dividend yield of 1.97%.

Price:
$115.570
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-09-15 TOP PICK Cascades-Inc
CAS-T
Daniel Lloyd

It is a large free cash flow story.  It is at an inflection point.  There is still a lot of upside on this one.  We just saw a big increase in container board pricing in North America.  He thinks they will use their free cash flow to pay down debt.  He thinks at some point it could be taken over.

Price:
$11.880
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
Yes
2016-09-15 TOP PICK CI-Financial-Corp
CIX-T
Daniel Lloyd

*Short* The new disclosure requirements about fees will crimp sales especially at companies where sales are weak like this one.  It is still a very expensive stock.

Price:
$25.010
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
Yes
2016-09-15 TOP PICK Kraft-Heinz-Company--merged-
KHC-Q
Paul Harris, CFA

He really likes the story. This is a combination of Kraft and Heinz. They are a big cost cutter. Kraft was primarily a domestic company and Heinz was much more of a global distribution business, and they think they can take a lot of Heinz products and move through the global distribution so you can see some more top line growth. Thinks they will do another acquisition once they have digested this. Dividend yield of 2.69%.

Price:
$89.170
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-09-15 TOP PICK Nike-Inc
NKE-N
Paul Harris, CFA

They design shoes and sell athletic wear. The stock has moved sideways over the last little while. Trading at 25X earnings. Thinks it has had a rough ride over the last little while and should trade higher. It has a lot of opportunity on the e-commerce side. He is also looking at more growth in Asia and the emerging markets. Dividend yield of 1.15%.

Price:
$55.470
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2016-09-15 TOP PICK Transalta-Corp
TA-T
Daniel Lloyd

*Long* (Pairs trade with a short on TRP-T).  TA-T he was buying as long as a couple of days ago and TRP-T shorting the week before.  The ownership of TA renewable in TA-T is worth $7.70 of the share price.  At this point the rest of TA-T has a negative value.  TRP-T is incredibly expensive.  They have excessive debt.  They are about to cut the toll of their gas pipeline by 40% which is a major part of their revenue.

Price:
$6.010
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
Yes
2016-09-15 TOP PICK Trans-Canada-Corp
TRP-T
Daniel Lloyd

*Short* (Pairs trade with a long on TA-T).  TA-T he was buying as long as a couple of days ago and TRP-T shorting the week before.  The ownership of TA renewable in TA-T is worth $7.70 of the share price.  At this point the rest of TA-T has a negative value.  TRP-T is incredibly expensive.  They have excessive debt.  They are about to cut the toll of their gas pipeline by 40% which is a major part of their revenue.

Price:
$61.490
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
Yes
2016-09-14 TOP PICK Home-Depot
HD-N
Rick Stuchberry

A bet on the millennials and the demographics. These are great operators. As the millennials mature in, they are going to have to buy homes, and there is going to be a lot of demand come into this company. Dividend yield of 2.18%.

Price:
$126.260
Subject:
CANADIAN & INTERNATIONAL ADRs
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-14 TOP PICK ING-Groep-NV
ING-N
Rick Stuchberry

This is interesting. They had to get money from the Dutch government to survive. They took the money and then they did the consolidation before they were told to. They sold ING Direct in Canada and Voya Financial in the US, cleaned it all up and got in front of the curve, in front of the regulators. You now have a high-tech banking system. We are now starting to see some growth come in. Dividend yield of 4.4%.

Price:
$12.170
Subject:
CANADIAN & INTERNATIONAL ADRs
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-14 TOP PICK Intertape-Polymer-Group
ITP-T
Jim Huang

Manufactures tape, some for packing, some for student, some for industrial applications. What they have been doing in the last few years is trying to lower costs by building new plants and closing down old ones. The lower natural gas prices didn’t hurt them either. They have an under levered balance sheet which they are using to their advantage by either increasing payout or acquiring things. Recently acquired a small company in India. Dividend yield of 3.24%.

Price:
$22.800
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-09-14 TOP PICK Nike-Inc
NKE-N
Rick Stuchberry

An international, global brand. As emerging markets get money, they like to buy brand names, rather than generic names. This had a wonderful move in the last couple of years. It consolidates for a bit and then he thinks it will get another leg up. Dividend yield of 1.16%.

Price:
$55.130
Subject:
CANADIAN & INTERNATIONAL ADRs
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-14 TOP PICK Transcontinental-Inc.--A-
TCL.A-T
Jim Huang

Somewhat volatile. If they have a bad quarter, the stock could check back 10%-15%, so you have to have a bit of a stomach for that. The dividend yield of 4% helps to make up for that. They have a lot of companies in the old business of printing, which is slowly decaying, but that is why it is trading at such a cheap multiple with such a good cash flow. Meanwhile they are reinvesting in a new higher growth business, and over time that should get much more dominant with much higher multiples.

Price:
$18.230
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-09-14 TOP PICK Sleep-Country-Canada-Holdings
ZZZ-T
Jim Huang

What is really going for them, since they have come back to the public market, is that the consumer is more and more aware of health benefits of having a good night sleep. Traditionally, you can buy a lot of mattresses, from major retailers, but they are slowly declining and haven’t done really well, and are retrenching which gives this company a good opening. The company is also adding high margin things like pillows, covers, accessories, etc. Dividend yield of 1.92%.

Price:
$31.210
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 TOP PICK Chartwell-Seniors-Housing
CSH.UN-T
Christine Poole

This is for the aging consumer. We are all getting older. Demographics show that the over 65 population is about 16% of our overall population. It is forecast that by 2035 it is going to be over 25%. There will be increased demand for assisted care. This company pulled out of the US last year and reinvested back into Canada. They are very well positioned. Dividend yield of 3.78%.

Price:
$14.860
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 TOP PICK CGI-Group--A-
GIB.A-T
Christine Poole

IT services and outsourcing. About half is outsourcing, so there is that recurring revenue stream, so their earnings revenue is less volatile. Every 3-4 years, they tend to do a major acquisition, either to increase their position in a vertical or geographically. They are ready to do the next acquisition, but are very disciplined in what they buy. In the meantime, they are seeing a pickup in their financial services vertical within North America financials as well as in Europe. This has been a function of the fintech and increased competition from non-bank traditional players, so traditional players are now looking to increase their productivity, get better customer feedback and are turning to this company to improve their legacy system. They also have a lot of offshore employees that contribute to the productivity increases.

Price:
$60.700
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 TOP PICK Johnson--and--Johnson
JNJ-N
Christine Poole

A diversified global healthcare company. About half is pharmaceuticals, and have medical devices as well as consumer brands. In terms of their pharmaceutical division, it has a lot of earnings momentum right now and has been very successful in some of their product launches. Not only are their existing products doing well, but they have a full pipeline. They’ve identified 10 drugs that could potentially be $1 billion drugs over the next 3-5 years. R&D is about 13% of their revenue, so while they do some acquisitions, they are also doing internal development. Dividend yield of 2.72% and has increased the dividend for the last 54 years.

Price:
$117.610
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 TOP PICK Oclaro
OCLR-Q
David Burrows

Small and midsized companies are now outperforming large size companies in this market. Believes we are in a new, longer-term bull market for equities. If you believe that we could have a long run up, then you want to be looking at some smaller and midsized companies, understanding that they are higher risk in that you will need to Sell those that don’t work out. This company makes optical components that are being used in fiber-optic networks. Growth in data is exploding, so companies like Verizon are having to upgrade their networks so that they can push a lot more information through. They are starting to upgrade from 40 gig networks per second, to 100 gigs, so there is a huge roll out that has to take place. This company sells components into those companies. Revenue in the last quarter was up 135%.

Price:
$8.230
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-13 TOP PICK Texas-Instruments
TXN-Q
David Burrows

He invests in leadership themes, and one of his key themes is “The Internet of Things”. Virtually everything is becoming connected to the Internet, from your refrigerator to your car. This company makes very specific semiconductor chips that are often designed specifically for a customer, has a very long life and have pretty good margins. An example is Autos which is 15% of their sales, but the content over the next few years will likely double.

Price:
$67.450
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-13 TOP PICK Seven-Generations-Energy-Ltd
VII-T
David Burrows

He has been pretty cautious on energy since 2014. He likes to find companies that are able to get through a really tough market intact in a strong position, and able to take advantage of it. This is a very low cost finder and lifter of gas. They bought the assets of Paramount and have had great success in taking those properties and adding significant low cost production. Thinks that the near term outlook for natural gas is attractive.

Price:
$30.850
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-12 TOP PICK Berkshire-Hathaway-Inc.--B-
BRK.B-N
Mike S. Newton, CIM FCSI

He is trying to look for a bit of value in the market. There is no doubt that an IBM, Wells Fargo, American Express are value names, and who owns about 70% of the portfolios, Kraft-Heinz, Wells Fargo, IDM, Coca-Cola and American Express. Given its strong balance sheet, it is massive cash flow positive on a regular basis, trading at 1.3 to 5X Book. A great valuation play in a pretty frumpy market.

Price:
$148.970
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-12 TOP PICK Starbucks
SBUX-Q
Mike S. Newton, CIM FCSI

Had looked for his worst performing names this year, and this was one of them. It has had 24 out of 25 quarters of phenomenal results, growing every single year. A lot of people are stopped from going into this because it has a 30 P/E ratio. Around 2010 they were doing something like $3 billion a quarter in sales, and their P/E ratio 30, and now they do $11 billion in the ratio is still 30. Dividend yield of 1.46%.

Price:
$54.710
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-12 TOP PICK Torc-Oil--and--Gas-Ltd
TOG-T
Craig Porter

They are very conservative in what they do.  They have a conservative balance sheet.  A safe and secure investment with a 3% yield.  They could be a takeout candidate in the future.

Price:
$7.880
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2016-09-12 TOP PICK Tourmaline-Oil-Corp
TOU-T
Craig Porter

It is the management team.  These guys know where to find energy.  They keep costs low.  The top list of findings over the last few years are so often TOU-T.  They have technology and innovation and it has really brought down the costs for the company.  It is natural gas story.  Natural Gas is being consumed more and more as we get off coal.  Demand is going way up from chemical, to power to Mexican exports.  He thinks gas prices will get better next year.

Price:
$36.800
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2016-09-12 TOP PICK Twitter--Inc
TWTR-N
Mike S. Newton, CIM FCSI

This is in his aggressive portfolio. The question is, how are they going to monetize the business. They do about $5 billion in advertising revenue but we all know its issues. It is a great platform, and he is convinced that somebody is going to buy this.

Price:
$18.150
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-12 TOP PICK Whitecap-Resources
WCP-T
Craig Porter

It has bought companies before.  What they do with their credibility and clean balance sheet is to buy assets from struggling companies.  It pays a dividend of 2.68% and they don’t take on debt to pay you a dividend.

Price:
$10.560
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2016-09-09 TOP PICK Badger-Daylighting
BAD-T
Norman Levine

They use high-pressure water to move earth. Some of their customers are energy companies and some of their business is with municipalities in utilities. Utilities don’t want cables to be damaged, so water is used. They are now the biggest in their industry in North America. They are rapidly growing their business in the US. Dividend yield of 1.44%.

Price:
$27.520
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-09 TOP PICK BankUnited--Inc
BKU-N
Norman Levine

Within the US banks, he prefers the regionals. This one is a commercial bank, not a retail bank. It loans money to companies and real estate developers, etc. in Florida and the New York metropolitan market. Exceedingly well capitalized. Very well-run. He likes that it is very picky on its loans. They have cut back on some of their commercial lending because it has gotten too competitive and the margins have been squeezed. This will definitely be a beneficiary of higher interest rates. Dividend yield of 2.66%.

Price:
$31.590
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-09 TOP PICK Cara-Operations-Ltd.
CAO-T
Norman Levine

He likes the restaurant space. This is kind of unique in that it, along with MTY Food Group (MTY-T), is an acquirer of other brands. MTY is in the food court space mostly while this one is mostly in quick serve and self-serve dining. Very good management. He expects the dividend to start increasing. Good valuation and good growth opportunities. Dividend yield of 1.35%.

Price:
$30.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-09 TOP PICK Liquor-Stores-N.-A.
LIQ-T
Fabrice Taylor

Most of their stores are in Alberta. They cut their dividend earlier this year which provided relief for the balance sheet. It freed up capital to improve their stores. Have diversified away from Alberta and only have about two thirds Western Canada. They have stuff in Kentucky, Alaska and BC. New CEO is growth oriented. Dividend yield of 3.41%.

Price:
$10.560
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-09-09 TOP PICK New-Flyer-Industries-Inc.
NFI-T
Fabrice Taylor

Doesn’t expect it to double again, but thinks you can get another 10%, 15%, 20% out of it. Stocks that hit 52 week highs tend to keep doing that for a while. Dividend yield of 2.3%

Price:
$42.290
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-09-09 TOP PICK Neo-Lithium-Corp
NLC-X
Fabrice Taylor

Lithium. Has a very interesting and attractive deposit in Argentina. It is the most economical form of lithium. It is not hard rock, so there are not a lot of costs and they can do this economically. Higher risk/high potential return. Management is first-class.

Price:
$1.480
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-09-08 TOP PICK Cott-Corp
BCB-T
Steve Belisle

A value play. Not expensive, trading at 8X EBITDA. The company is in a transition, which could be risky in execution, but so far it is very good. It used to be a soft drink company, but they will try to sell the soft drink business, which would be a great catalyst for the stock to move up. They are diversifying into other businesses such as water. Just made an acquisition into coffee. Dividend yield of 1.55%.

Price:
$19.980
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2016-09-08 TOP PICK Brookfield-Renewable-Energy
BEP.UN-T
Matt Kacur

It is very stable.  Pretty much everyone can own them.  Return on capital is 5-6% year in and year out.  One of the biggest pure play renewables in the world.  It has a 5.5% dividend yield which has been growing.

Price:
$40.740
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
No
2016-09-08 TOP PICK Bonavista-Energy-Corp
BNP-T
Matt Kacur

They are at -3% return, but he thinks they are close to the bottom so it won’t take much for them to be worth more.

Price:
$4.570
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
No
2016-09-08 TOP PICK B2Gold-Corp.
BTO-T
Matt Kacur

It generated 17% return on capital in the past which you don’t see in gold.  A lot of gold companies have been going down over the last few years.  This one turned earlier than anyone else.  They are improving their return on capital which he likes.

Price:
$3.750
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
No
2016-09-08 TOP PICK Element-Financial
EFN-T
Steve Belisle

The split coming up should unlock some value. They should soon launch their 2nd investment fund, and if successful that could reassure investors that the business model for the ECN Capital part is working. Also, expects a dividend increase at the end of the year. Small-cap investors might not have been able to buy the stock at this stage, because the market CAP is too high, but after the split, ECN Capital will be eligible for most small-cap investors, and that is how we will see the valuation come back up. Dividend yield of 0.7%.

Price:
$14.230
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2016-09-08 TOP PICK Stantec-Inc
STN-T
Steve Belisle

This has generally lagged the market. Execution was not great. The 2nd quarter was disappointing. They have been impacted by much lower business related to energy, but now we are pretty much closer to the bottom of the barrel, and things should start to improve in the fall and the next few quarters. Recently acquired NWH, diversifying them into water utilities, mostly in the US. This is an area where we see a lot of project growth, which should be good for the company. They should also benefit from infrastructure investments by governments. Dividend yield of 1.47%.

Price:
$30.710
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2016-09-07 TOP PICK Boeing
BA-N
Gordon Reid

They have 5700 planes backlogged and are in full production. A cash flow machine. Doesn’t trade at an expensive multiple. There is a lot of visibility. It is not just the 787 Dreamliner; it is other aircraft. The theme here is that they are more fuel efficient than the older airplanes that are around, which is a very meaningful part of an airlines net margins. 3.29% dividend yield.

Price:
$132.640
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 TOP PICK CASH
CASH
Stephen Groff

Some of his funds are up to 30% in cash. He builds a portfolio by being truly absolute focused. If he can’t find a place to put the money, then he holds cash. Hopes that at some point he gets to put a bunch of it to work.

Price:
$0.010
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 TOP PICK Dycom-Industries
DY-N
Gordon Reid

This is in the basic industry of laying cable. All of America is being re-cabled to a higher spec. Their customers are all very well known. Inexpensive, trading in the mid-teens. Last quarter they grew revenues 20%.

Price:
$86.510
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 TOP PICK Home-Depot
HD-N
Gordon Reid

A play on the development of US housing. There is still a run rate that is less than adequate to satisfy the growth of population. The US is basically building 1-1.2 million new household formations each year, and they need closer to 1.5 million to keep up with the population growth. That will lead the housing market to do well, which leads this company to do well. This is also a play on home renovations. If some of the housing market doesn’t do so well, people will stay in their homes and fix them up. They have done a great job in enticing the professional builder into their stores. Their margins are very high, and have doubled over the last 6 years, which is really astounding. Dividend yield of 2.08%.

Price:
$132.790
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 TOP PICK Extended-Stay-America
STAY-N
Stephen Groff

This is for people who may be doing a work placement where they will stay for weeks or months, not your typical stay for a night or 2. A simple but effective model centred on providing value to budget focused leisure and business travellers. They are about to wrap up a very large CapX program. As that winds down, they will have very refreshed properties. Also, the amount they are spending comes down to free cash flow growth significantly, much of which is going to be returned to shareholders through dividends and buybacks. Dividend yield of 5.34%.

Price:
$14.410
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2016-09-07 TOP PICK Walgreen-Boots-Alliance
WBA-Q
Stephen Groff

Undergoing a transition to drive improved profitability out of its existing asset base. He is going to be a long-term holder of this business. Over time, they are going to add a lot of value. A very smart management team. Not an expensive valuation. Dividend yield of 1.84%.

Price:
$82.880
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2016-09-06 TOP PICK Anthem-Inc
ANTM-N
Alex Ruus

A healthcare stock. Very compelling value. Trading at 10X earnings. The US’s #2 managed care organizational health insurer. One of those good news healthcare stories. They are part of the solution of controlling the healthcare system costs. They work in ratcheting down costs for their members. The buyback on this stock has reduced its shares outstanding by 58% in the last 9 years. Dividend yield of 2%.

Price:
$124.290
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-06 TOP PICK CASH
CASH
Josef Schachter

He has some cash, because there will be some fabulous opportunities. A lot of good company stocks get thrown away because of people wanting to get out of the sector.

Price:
$0.010
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Yes
2016-09-06 TOP PICK Element-Financial
EFN-T
Alex Ruus

Very successful emerging leasing leader. After the 08/09 downturn, the historic leasing companies blew up and this company jumped into the void with a very seasoned management team. It has had a pullback on a recent earnings miss. Trading at 8X next year’s earnings. Going to split into 2 pieces, which he thinks could be a catalyst for the stock in the coming year.

Price:
$13.830
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-06 TOP PICK Gilead-Sciences-Inc.
GILD-Q
Alex Ruus

This stock hasn’t performed that well in the last year over concerns that hepatitis sales are slowing down. This is the world leader in 2 huge areas, HIV and hepatitis. It has a demonstrated track record over the last 20 years of building great franchises. It has been unnecessarily punished because people think hepatitis sales will be down. The HIV is worth $70. Dividend yield of 2.41%.

Price:
$77.880
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-09-06 TOP PICK Pengrowth-Energy
PGF-T
Josef Schachter

He has a target of $2. 40 12 months from now. If you see this under $1.80, it’s a fabulous Buy. Potentially, 2-3 years down the road, as they move and add more to Lindberg and clean up the balance sheet, it could be a 2-3 bagger before the end of the decade. Good management.

Price:
$2.030
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2016-09-06 TOP PICK Surge-Energy-Inc
SGY-T
Josef Schachter

This has the Shaunavon play in Saskatchewan, and the Valhalla water flooding play in Alberta. The new royalty regime in Alberta is coming in, where companies pay 5% royalties for 9 years. They get a real benefit from water flooding, starting January 2017. He has a $3.70 target for Q4, 2017. If this came down below $2, it would be a fabulous Buy.

Price:
$2.400
Subject:
CANADIAN OIL & GAS
Bias:
BEARISH on OIL
Owned:
Unknown
2016-09-02 TOP PICK Canadian-Apartment-Properties
CAR.UN-T
Derek Warren

The sector is relatively fairly valued, but apartments have really pulled off. This one started to drop after they announced they had some weakness in their Calgary portfolio, which is only about 7% of the portfolio. Everything else was doing very well. The stock pulled off about 10%. An opportunity to pick up a high quality, very liquid real estate. Yield of 4.11% and a decent valuation.

Price:
$30.400
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2016-09-02 TOP PICK CGI-Group--A-
GIB.A-T
Jason Mann

Trading at its all-time highs. Solid price momentum and good valuation. They have been a consistent grower by acquisition. Good ROE’s at around 18%. No yield; it is a growth story.

Price:
$64.940
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-09-02 TOP PICK H-and-R-Real-Estate-Inv-Trust
HR.UN-T
Derek Warren

Of the Top 5 REITs in Canada, this has the highest yield. It’s a diversified name. A safe payout of 5.79%.

Price:
$23.330
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2016-09-02 TOP PICK Killam-Properties-Inc
KMP.UN-T
Derek Warren

This was trading at a discount for some time, because it didn’t have exposure to the strong “Calgary” market and their debt was a little bit high. They brought their debt down and they still don’t have exposure to Calgary, which is a good thing now. There is some good growth in Halifax now. Also, has some Ontario exposure. A little concerned about supply in Halifax coming on, but the reality is, this does not deserve to trade at the discount that it has in the past. Thinks it should be a $14 stock. Dividend yield of 4.78%.

Price:
$12.560
Subject:
REIT's
Bias:
UNKNOWN
Owned:
Yes
2016-09-02 TOP PICK Linamar-Corp
LNR-T
Jason Mann

This seems to be perpetually cheap. They had a good beat in the last quarter. It scores right at the top of the list for him. ROE is consistently at around 20%. Trading at 5X EBITDA with a PE of 7. A great balance sheet which gives them options. Good free cash flow yield. Dividend yield of 5.92%.

Price:
$53.400
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-09-02 TOP PICK Tesla-Motors-Inc
TSLA-Q
Jason Mann

*Short* These are great cars and Elon Musk is truly a visionary and innovator. The problem is a great car does not necessarily make a great investment. This is trading at extreme valuations. It has no EBITDA, no earnings, and no cash flow. They are going to need to raise another $2 billion this year to support their growth. Another knock is that they have recently tried to buy SolarCity (SCTY-Q), a related company which is also burning a lot of cash. He will want to cover this Short if 1) either valuations improve and they actually start meeting their targets, 2) the price momentum find a base and stabilize, and 3) a reasonable valuation.

Price:
$197.780
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-09-01 TOP PICK Bard-C-R-Inc.
BCR-N
Barry Schwartz

This makes disposable health care products. It is expanding its empire by rapidly growing in emerging markets. Not facing the same kind of pressures from US politicians as other health care stocks. They have come up with a winning product, a drug coated balloon. This is not a cheap stock, but it is one that generates an ample amount of free cash flow, and one that could easily be swallowed by a company like Medtronic (MDT-N) or Johnson & Johnson (JNJ-N). Dividend yield of 0.47%.

Price:
$221.500
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-01 TOP PICK Cisco
CSCO-Q
Mike Capombassis

Making a significant shift over the last few years, moving more to cloud and software services.  An impressive company financially.  Good dividend growth (14% this year and at least 20% next year) and a 3.4% dividend yield.

Price:
$31.580
Subject:
US Dividend Growth
Bias:
SELECTIVE
Owned:
Yes
2016-09-01 TOP PICK Kroger-Co.
KR-N
Mike Capombassis

Gaining share the last few years.  The market is worried about food price inflation.  You will get double digit earnings growth.  14 times earnings and great dividend growth.  These guys are great at execution. 

Price:
$31.960
Subject:
US Dividend Growth
Bias:
SELECTIVE
Owned:
Yes
2016-09-01 TOP PICK Southwest-Airlines
LUV-N
Mike Capombassis

This is the only one that has made money in the airline industry, for 40 years.  They just gave a 33% dividend growth.  4 carriers control 80% of the market vs. 10 in the year 2000.  He thinks Q4 will be an inflection point for revenue per available seat.  We will get at least 25% growth next year.

Price:
$36.590
Subject:
US Dividend Growth
Bias:
SELECTIVE
Owned:
Yes
2016-09-01 TOP PICK National-Bank-of-Canada
NA-T
Barry Schwartz

Just reported. They beat expectations and improved their balance sheet. The market Sold it off because it didn’t beat by a material amount like the other Canadian banks. This is the cheapest Canadian bank. They took a big reserve against potential energy loan losses recently, so he thinks the worst is over. If they can show more consistency in earnings, it should get a similar multiple to the other banks, which could take you to $55-$60. If the banks get a good multiple, then the whole group goes higher. Dividend yield of 4.72%.

Price:
$46.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
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