stockchase picture

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

Recent Top Picks

Date Signal Company Expert Opinion Price
2014-10-17 TOP PICK Ikkuma-Resources
IKM-X
James Hodgins

They did a share consolidation.  It is trading ridiculously cheap here.  TD is estimating 80 cents of cash flow next year.  Great balance sheet and good growth.

Price:
$1.740
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
UNKNOWN
Owned:
Yes
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
2014-10-17 TOP PICK The-Score-Inc.
SCR-X
James Hodgins

The application for the phone is just so slick.  People also check the app for movement in the odds.  Their growth is accelerating.  Up 151% year over year.  They are just getting to the point where the size of audience is starting to kick in to attract very big advertisers.

Price:
$0.350
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
UNKNOWN
Owned:
Yes
2014-10-17 TOP PICK Spartan-Energy-Corp
SPE-T
Eric Nuttall

Best prospects of any North American oil company.  This is part of a flight to quality.  They have so little debt.  They have a seven year inventory of wells.  There is a possibility they could be a full year ahead of their production success. Can grow cash flow at 29%.  They could massively surprise to the upside if the remainder of their drilling program come in as expected.  Strong balance sheet.

Price:
$3.180
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2014-10-17 TOP PICK Torc-Oil--and--Gas-Ltd
TOG-T
Eric Nuttall

(Top Pick Sep 25/13, Up 46.03%) He bought last week. Nothing has changed fundamentally except for the recent correction.  This is the one in the list of most safe.  Clean balance sheet and plenty of plays.  Management team owns a lot of the company and can surprise to the upside.  They have not bought a lot of other assets. but if share price goes up they could do some wildly accretive acquisitions.  A light oil name.  Was buying two to three days ago.

Price:
$11.500
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2014-10-17 TOP PICK Whitecap-Resources
WCP-T
Eric Nuttall

Will see some early money.  Dividend is one of the most sustainable dividends.  At $80 oil can grow production by 15%.  Their balance sheet is very under levered.  They have low decline.  They can bring on production very efficiently.  CEO and directors are buying stock actively.

Price:
$14.890
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2014-10-16 TOP PICK Artis-Real-Estate-Investment-Trust
AX.UN-T
Michael Missaghie

Large proportion (20%) of their assets are in the US and the rest in the four western Canadian provinces.  Took advantage of very open capital markets to grow its portfolio on the asset side accretively.  They brought down the payout ratio and the leverage.  The distribution is over 7%.  Thinks the NAV is approximately $17.

Price:
$15.130
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-16 TOP PICK CVS-Health
CVS-N
Stan Wong

Feels it is important to stick with names that have high US revenues, and this one has 100% of its revenues from the US. The largest healthcare provider in the US. They are going to benefit from an aging US population, an increase in generic drugs and an increase in growth in specialty prescription drugs. Trading at 17X Forward Earnings and has a 14%-15% growth rate. A pretty cheap 1.2%X PEG ratio relative to the other consumer staple names.

Price:
$78.810
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-16 TOP PICK Walt-Disney
DIS-N
Stan Wong

If you can pick up a world-class name like this on a pull back like this that is a good thing. They have a multiplatform strategy. They bring out a movie or a character, and put it in their theme parks. Their content is unrivalled by any of the other competitors, so it deserves a premium multiple. Expects the stock to grow in earnings by 12%-15% long-term.

Price:
$81.740
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-16 TOP PICK First-Capital-Realty
FCR-T
Michael Missaghie

Very high quality business.  Management team is very well aligned.  Asset quality has improved.  Payout ratio and leverage that are almost the best in the business.  The valuation is very undemanding.  There is an overhang because of an equity issue done recently.  NAV is about $18-$18.25.  It is a core position in his opinion.  He would add to it right now.

Price:
$17.620
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-16 TOP PICK Southwest-Airlines
LUV-N
Stan Wong

Fourth-largest US airline. Mainly short-haul type of flights. 100% of its revenues are from the US. They have the most conservative and probably the healthiest balance sheet in terms of debt to capital ratio. Feels recent fears about the spreading Ebola epidemic has moved the stock downwards. Good valuation.

Price:
$30.940
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-16 TOP PICK Prologis
PLD-N
Michael Missaghie

The largest global industrial REIT.  Majority of assets in North America, but they have exposure to Europe and Asia.  They had a 12 quarter plan that they achieved in 10 quarters with respect to their leverage, quality of assets and the land they have on their balance sheet.  Thinks the market is not recognizing the quality of business and the upside to free cash flow growth.  This is a unique opportunity to buy this one.

Price:
$38.420
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-15 TOP PICK Diversified-Royalty-Corp
DIV-T
Fabrice Taylor

Acquired a royalty on a restaurant chain out West. The current free cash flow yield is about 8%, and they will start paying a dividend soon. They are planning on acquiring as many royalties as they can and fund a dividend with that. CEO is very smart and was involved in a lot of the restaurant royalties 10-15 years ago, so he knows the business. Likes the cash flow and the yield, and it should hold up well. They have been (unable?) to finance which is why the stock is off a little bit, but once that is done he thinks you are going to see analysts’ coverage and a lot more eyeballs on the stock.

Price:
$2.360
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2014-10-15 TOP PICK Delavaco-Residential-Prop.
DVO.U-X
Fabrice Taylor

This company was formed about 3 years ago to acquire US houses on the cheap. They did that and then went public. Their houses have appreciated a lot in value. They are starting to sell down their health portfolio, and their plan is to reinvest the cash into multifamily (apartment buildings), which is a very interesting and attractive space. He believes this is trading for less than the value than what you would get if it were liquidated. Expects they will start paying a dividend in the next couple of quarters.

Price:
$0.920
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2014-10-15 TOP PICK Empire-Company--A-
EMP.A-T
Barry Schwartz

The Sobey’s chain is excellent. There was worry that there was going to be a lot of new grocery chain retail space in Canada. Wal-Mart seems to be not growing as fast and Target is not doing well. Feels the NAV is $85-$90, so you are paying a discount for this company. Dividend yield of 1.44%.

Price:
$74.270
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-15 TOP PICK High-Liner-Foods
HLF-T
Barry Schwartz

Distributor of frozen food as well as value added. The company is slowly, but surely gaining more presence in the US through the retail chain, as well as selling into restaurants and hospitality. Likes their recent acquisition, and expects they did this to get more into Wal-Mart and Sam’s Clubs, and that would be more of a jumping point to try and sell more of its existing retail products and get a better relationship with Wal-Mart. Thinks they will earn between $1.50 and $1.60 in 2015. Yield of 2.1%.

Price:
$20.000
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-15 TOP PICK National-Bank-of-Canada
NA-T
Barry Schwartz

Best managed bank in Canada. Since 2003 their performance has outpaced every other bank. They have raised the dividend the fastest. Yet it trades at the lowest valuation of any of the Canadian banks. He sees the company earning $4.75 to $4.80 next year, so you are paying 10X earnings. Yield of 3.78%.

Price:
$49.870
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-15 TOP PICK Vecima-Networks-Inc.
VCM-T
Fabrice Taylor

A nice little company that makes Network Equipment. Very stable and very well run. Churns out cash. What is interesting to him is that they have almost $15 million in cash and tend to pay out special dividends. Always seems to have a lot of hidden value. Family that runs this and owns a lot of stock is very shrewd. Expects a special dividend this year.

Price:
$7.430
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2014-10-14 TOP PICK Apple
AAPL-Q
Bruce Tatters

Valuation, net of cash, is about 11 times. This compares against the market of about 14 times. Thinks you could easily see 20%-25% earnings growth over the next year. When you see a company trading at 30%-35% discount to the market, with double its growth, this is quality on sale.

Price:
$98.750
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-10-14 TOP PICK Abbott-Labs
ABT-N
Brian Acker, CA

Spinning off another division. He loves the drug space, which is free of volatility. His model price is $45, a 10% upside.

Price:
$41.060
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
UNKNOWN
Owned:
Yes
2014-10-14 TOP PICK Hi-Crush-Partners-LP
HCLP-N
Bruce Tatters

There are 3 major players in the US in frac sand and this is one of them. They have all been down in the last 3 months. This one is now at 10X next years earnings. It is going to grow its earnings at about 35%-40% over the next 2 to 3 years. Basically every shale oil or gas well that is ever drilled has a 60% decline ratio in its 1st year. In order to keep production flat, they must drill a bunch of wells. The growth rate of the use of frac sand is going up. This is a high growth play, and an interesting way to invest in energy.

Price:
$44.820
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-10-14 TOP PICK InvenSense--Inc.
INVN-N
Bruce Tatters

The leading player in motion chips so it is in most of the cell phones around the world. This is a small company, growing very, very fast. It is also suspected to be in the Apple (AAPL-Q) watch in the coming year.

Price:
$19.780
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-10-14 TOP PICK Target-Corp
TGT-N
Brian Acker, CA

He wants more consumer discretionary in his portfolios. This is because energy prices have been coming down and the US consumer has been deleveraging and holding back. If the US$ goes up, that means cheap goods. Likes their new CEO. His model price is $64.30, a 6% upside. He would love to see it pull back more, maybe to $55. Yield of 3.4%.

Price:
$61.690
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
UNKNOWN
Owned:
Yes
2014-10-14 TOP PICK Exxon-Mobil
XOM-N
Brian Acker, CA

The best run company in the US. His model price is $111.55, a 23% upside. People are basically jettisoning these oil names out of their portfolios. As a Value manager, he wants to be there.

Price:
$90.550
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
UNKNOWN
Owned:
Yes
2014-10-10 TOP PICK Bank-of-Nova-Scotia
BNS-T
David Cockfield

This gotten beaten up a little bit more than the other banks recently. Feels there is too much concern about their earnings in central and south America. He still sees them as economically doing quite well. A conservative bank. Yield of 3.87%.

Price:
$67.990
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-10-10 TOP PICK Baytex-Energy-Corp
BTE-T
David Cockfield

A heavy oil producer. They have been leaders in oil by rail. Management has shown themselves to be heads up in terms of marketing in the US and he thinks they will continue to do that. Yield of 7.88%.

Price:
$37.100
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-10-10 TOP PICK Vangrd-Dividend-Appr.-E.T.F.
VIG-N
David Cockfield

He sees the US market as offering specific opportunities at specific times. The dividend appreciation is one that he has used extensively with his clients who want exposure. A very high quality company. Well diversified and quite a conservative portfolio. A good place to have a piece of the US market. Yield of 2.45%.

Price:
$75.150
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-10-09 TOP PICK Hengan-International--HEGIY.PK-
1044-HK
Darren Sissons

This is the #1 brand for tissues and napkins in China. Sold off recently because Hong Kong is the center of a democracy drive. This is causing a lot of the stocks in the Hong Kong market to be depressed. In actuality, Hong Kong is actually the booking place for these stocks. All the money is made in China. Company has historically grown its revenues by double digits. Yield of 2.37%.

Price:
$0.000
Subject:
GLOBAL LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-09 TOP PICK American-Tower
AMT-N
David Burrows

Performed particularly well. They rent out space on towers.  They have great customers and no bad debts.  They keep getting demands for more bandwidth.  Raised dividend every quarter.  Almost no cap-X.  Dividend should increase every quarter. 

Price:
$94.750
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2014-10-09 TOP PICK BHP-Billiton-Ltd.
BHP-N
Darren Sissons

Balance sheet is good and it is a dividend growth profile story. They were the 1st to rebalance their portfolio. They are obviously trying to deal with the slow demand of the Chinese. They are going to ramp up iron ore production and use their high balance sheet to drive the high cost producers out of the market and ultimately lead to more consolidation. They will then start to pick up some of the weaker players. There could be some near term downside. Yield of 4.33%.

Price:
$57.280
Subject:
GLOBAL LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-09 TOP PICK FedEx
FDX-N
David Burrows

The big tailwind is falling energy costs.  They have been taking costs out of the business and he thinks there is another $billion further to take out.  Christmas looks good for them.

Price:
$156.510
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2014-10-09 TOP PICK Corning-Inc
GLW-N
Darren Sissons

The recession deferred a lot of aging TV replacements, so there is going to start to be a replacement cycle in terms of new TVs. This will probably occurs 1st in the US and then as the global economy broadens out, there will be opportunities in other parts of the globe. Also their main competitor for gorilla glass just declared bankruptcy so there should be higher or more stable prices. Very strong balance sheet. Yield of 2.15%.

Price:
$18.580
Subject:
GLOBAL LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-09 TOP PICK Home-Depot
HD-N
David Burrows

Consumer theme.  Natural tailwind, immune to disruption from e-commence.  They have expanding margins (10-12%)  Friendly to shareholders. Returning capital and buying back stock.  Dividend went way up, but it is costing them less to pay it because they bought back so many shares.  Almost all revenue from Canada and US.

Price:
$93.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2014-10-08 TOP PICK Agrium
AGU-T
Michael Sprung

Under $100, this is definitely a good Buy. They have been affected by slowing economies and low crop prices have been postponing some purchases. The most diversified of the fertilizer companies in Canada. Dividend yield of 3.54%.

Price:
$96.080
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-08 TOP PICK Bank-of-Nova-Scotia
BNS-T
Michael Sprung

This is the most diversified international Canadian bank. They have operations in the Caribbean, South and Central America. Has always been a very well managed bank from a credit perspective. All of the banks have pulled back a little. 3.9% yield. Thinks earnings over the next couple of years are going to go over $6 a share. This is at a very reasonable price and he is expecting 10X future earnings in a couple of years.

Price:
$69.150
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-08 TOP PICK CASH
CASH
Benj Gallander

He does most of his buying in November and December. For people who like the contrarian method that he uses, that is a great time to pick up bargains. He likes having the cash horde ready so that he can put it on the table and buy the bargains when they appear.

Price:
$0.010
Subject:
CONTRARIAN INVESTING
Bias:
SELECTIVE
Owned:
Yes
2014-10-08 TOP PICK Harmony-Gold-Mining-Co-Ltd
HMY-N
Benj Gallander

This is in South Africa and there are union problems. Their cost of production is about $1275, which is higher than the current cost of gold. They have 10 underground mines and one above ground. Have been around for a long time and management is very, very experienced. They’ve been cutting costs. They produce over 1 million ounces a year. Trades at a third of BV without any good will. Feels it has a good chance of recovery with upside potential. He has a Sell target of $16+. Gold is a very contrarian space right now and he could see adding another 1 or 2 gold stocks before the end of the year.

Price:
$2.130
Subject:
CONTRARIAN INVESTING
Bias:
SELECTIVE
Owned:
Yes
2014-10-08 TOP PICK Iteris-Inc
ITI-A
Benj Gallander

Traffic management solutions. We need more traffic planning. There is more and more traffic. A negative is that the NYSE market has cited the company and has said they have to get their financial statements up-to-date, because in March they were behind in their filing. That should happen this month, which should give the company a boost. Their plan was approved in terms of becoming compliant again. Insiders own about 28%. They are profitable year after year. His initial sell target is $3.49.

Price:
$1.640
Subject:
CONTRARIAN INVESTING
Bias:
SELECTIVE
Owned:
Yes
2014-10-08 TOP PICK Suncor-Energy-Inc
SU-T
Michael Sprung

Canada’s largest integrated oil/gas company. With energy being hit the way it has, this is a really good opportunity to step in. We are going to see some cash flow estimates come down, but nonetheless, this company should be earning around $5 or $5 plus cash flow over the next couple of years. A very inexpensive stock. You are getting the benefit of both the upstream and the downstream operations. Dividend yield of 2.99%.

Price:
$38.240
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-07 TOP PICK Emerson-Electric
EMR-N
Christine Poole

A very well managed diversified, industrial company. About 44% of their revenues are in North America and the rest are in Europe and Asia. Their products and services measure, regulate, monitor and automate various manufacturing processes across various end markets and industries. They provide power distribution and power generation to data centers, any sort of environment that needs un-interruptible power sources. Good management. Increases their dividends every year. Dividend yield of 2.82%.

Price:
$61.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-10-07 TOP PICK Enbridge
ENB-T
Christine Poole

Stock has pulled back by about 8%. They have very good earnings visibility on projects that they have in their $33 billion secured backlog with long-term contracts in place. With that backlog, they have now extended their 10%-12% compounded annual growth EPS out to 2018. Along with that, dividend increases, at a minimum, are going to be at the same pace.

Price:
$51.860
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-10-07 TOP PICK Manulife-Financial
MFC-T
Christine Poole

Part of her investment thesis on this is that interest-rates are going to go up, which will help this company’s investment portfolio. The fallout from the 2008-2009 collapse is largely behind them now. The new CEO seems to be relatively more conservative than the previous one. Increased their dividend by 19% last quarter. Acquired Standard Life which will expand their presence in the low volatility business and gives him a good share in Québec. There will be some cross-selling of product later this year or early next year. Dividend yield of 2.92%.

Price:
$21.240
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-10-07 TOP PICK Magna-Int-l.--A-
MG-T
Rob Stabile

What caught his attention was the recent selloff. Market started selling off and Ford (F-N) had some negative news as well as some investigation into some of the Brazilian operations. Brazil is a small part of their business and the automobile volumes are still robust. This is a world-class business. Dividend yield of 1.55%.

Price:
$104.760
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-07 TOP PICK RMP-Energy
RMP-T
Rob Stabile

Have some very prolific wells and are some of the best that are drilled in Alberta in the last year. They spin off significant amounts of cash flow right away, so the paybacks are very rapid. In a choppy oil price market, they are still going to generate significant cash flow. Basically debt-free at the moment.

Price:
$6.280
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-07 TOP PICK Tri-Point-Homes--|Inc
TPH-N
Rob Stabile

This is now one of the top 10 homebuilders in the US. Have a great management team. Very under covered. Just put out their 1st consolidated earnings guidance for 2015. Has a large inventory of high-quality building lots concentrated in California and Colorado.

Price:
$13.420
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-06 TOP PICK Aon-Corp.
AON-N
Mike MacBain

Long AON Senior Unsecured Debentures 4.760%, Short Government of Canada 1.25% of March 2018.  Likes the company because it is a very highly rated investment grade bond, the only one they have in Canada.  A strong company with good credit that generates stable earnings and has good growth potential.  Bond trades at a higher spread than all their other bonds.(Stock price will not match as this is a bond.)

Price:
$87.270
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Yes
2014-10-06 TOP PICK Google
GOOGL-Q
Zachary Curry

A great company. The cash flow that is coming out of them is fantastic. It allows for investing in other sectors. The transition to mobile has been wonderful. Super balance sheet. Management team has been consistent. They have lots of new developments. This is going to be one of the game changers as it has been in the past.

Price:
$587.780
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-10-06 TOP PICK Loblaw-Companies-Ltd
L-T
Mike MacBain

Long Loblaw 4.86% Senior Unsecured Debentures due 2023, Short Government of Canada 1.5% of June 2023.  The longer bond exposure is taken out by the short position.  Loblaw’s is going to grow out their small stores in urban centers and they will be cross selling with Shoppers Drug Mart.  They are a cash flow machine.  They are committed to reducing leverage.(Stock price will not match as this is a bond.)

Price:
$56.330
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Yes
2014-10-06 TOP PICK Leisureworld-Senior-Care-Corp
LW-T
Mike MacBain

Long Leisureworld Seniors Care 3.474% Secured Debentures due 2021, Short Gov’t of Canada 3.5% Jun 2020 Bond.  He only cares about LW-T and the short is to take care of interest rate exposure.  There is the potential for a very big capital gain on LW-T.  The government has stopped giving new licenses for this business.  It reduces competition.  There are 80k long term care beds in Ontario and a waiting list of 21k.  They will be 100% occupied because of the waiting list.  It is like a regulated utility with increasing profit.(Stock price will not match as this is a bond.)

Price:
$13.430
Subject:
FIXED INCOME
Bias:
CAUTIOUS on BONDS
Owned:
Yes
2014-10-06 TOP PICK McDonalds
MCD-N
Zachary Curry

This kind of reflects his view of where the markets are. The volatility is there. People will continue to eat here, through thick and thin. A couple of things that have put short-term pressure on them are the tainted meat scare in China and the Russian geopolitical issues. Over the long-term, those have not proven to be factors in the share price. The lower current price is a positive. This is really a defensive name. Have been in a huge rebranding kick.

Price:
$93.840
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-10-06 TOP PICK Tourmaline-Oil-Corp
TOU-T
Zachary Curry

(A Top Pick Nov 19/13. Up 18.82%.) Very, very experienced strong management team that has delivered. Had a very marginal miss last quarter. Cash flow growth and production growth is going to be great over the next 2 years. Their forecasts show the debt being repaid. They are always expanding and building their infrastructure.

Price:
$48.180
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-10-03 TOP PICK Enbridge
ENB-T
Bruce Campbell (1)

In the future (about 2018), earnings growth will go up to 25% according to their investor day recently.  It could double by 2020-21.  They will probably raise the dividend by December.  It will be a safe place to be.

Price:
$52.500
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-03 TOP PICK Legacy-Oil-and-Gas-Inc.
LEG-T
Bruce Campbell (1)

They are down to 2.4 times cash flow.  Trading at half of NAV.  We should start to see M&A if prices don`t come back up.  They fixed the balance sheet.  It is compelling value.  44% cheaper than the peak a few months ago.

Price:
$5.590
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-03 TOP PICK -Leucrotta-Exploration-Inc.
LXE-X
Bill Bonner

180 sections in the Montney. The most economic play of any in Western Canada. Liquids rich Nat Gas. It is going to be a great performer this year.

Price:
$2.180
Subject:
CANADIAN ENERGY
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-03 TOP PICK Pine-Cliff-Energy
PNE-X
Bill Bonner

Gassy asset.  Management from Bonterra.  Lots of gas assets for sale.  90% natural gas.  Their assets are very low decline rate.  Likes their acquisition theme.  Will be a bellwether gas stock to own over the next 12 months.

Price:
$1.670
Subject:
CANADIAN ENERGY
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-03 TOP PICK Storm-Resources-Ltd.
SRX-X
Bill Bonner

BC, Fort St. John.  LNG.  One of the operators that has a very large land base.  There are other bigger players in the area.  There are 2-3 thousand drill locations on the property.  Ultimately there could be a takeout potential.  Management knows their way through this game.

Price:
$5.860
Subject:
CANADIAN ENERGY
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-03 TOP PICK Verizon-Communications
VZ-N
Bruce Campbell (1)

4.5% yield. There is no government of Canada impact like the Canadian telecoms.  A trend in the US is for towers to be purchased from the providers.  That would be $6 billion for VZ-N.  They actually have subscriber growth.

Price:
$49.710
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-02 TOP PICK AbbVie-Inc.
ABBV-N
Andy Nasr

The acquisition should be accretive.  They were a one drug portfolio before this.  Their HEP-C drug competes well with Gilead’s.

Price:
$56.670
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-02 TOP PICK Bank-of-Nova-Scotia
BNS-T
Ryan Bushell

It’s hard to say how much further this correction will last.  BNS-T has been the worst performing Canadian bank by quite a margin.  He thinks it is a top tier Canadian Bank.  It is in the top three in terms of business model and the second highest yield of the group.

Price:
$68.920
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-02 TOP PICK Cargojet-Inc
CJT-T
Andy Nasr

Good operating momentum that will double within two years.  Significant contract with Purolator that kicks in at the end of 2015 and is not factored in to the stock price.  They are expanding their fleet.  3% dividend yield and will likely be bumped up next year.

Price:
$21.740
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
Unknown
2014-10-02 TOP PICK Cenovus-Energy
CVE-T
Ryan Bushell

A couple of bad years in terms of an oil sands asset to be developed over decades are okay.  They doubled production since being spun out of ECA-T.  The company is going in the right direction, but the stock price has not followed.  Their commitment to their dividend is superior.

Price:
$29.520
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-02 TOP PICK Freehold-Royalties
FRU-T
Ryan Bushell

Stable, boring company for some time.  With Prairy Sky, there has been more attention in the space so they can pick up more assets in the market space.  They are unhedged, but have very little capital that they spend.  It makes for a good business model where you don’t put much capital in the ground.  Thinks people will switch from Prairie Sky into this one.

Price:
$22.530
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-02 TOP PICK Intertape-Polymer-Group
ITP-T
Andy Nasr

Delevered their balance sheet.  Volume growth is based on growth in the US.  Because their balance sheet is clean, they can make an acquisition that would be accretive without leverage.  You are set up for dividend growth.

Price:
$15.600
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
Yes
2014-10-01 TOP PICK Amgen-Inc.
AMGN-Q
Charles Lannon

25% of drug consumption and will increase to 50% in the next few years.  Return 60% of profit distributed to shareholders. 

Price:
$138.820
Subject:
GLOBAL
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2014-10-01 TOP PICK Cineworld-Group-PLC
CINE-LN
Charles Lannon

Not as attractive as CGX-T in Canada.  Likes it because it has a compelling valuation.  North of 4 pounds in a couple of years.    Strong build out in renovating theaters. 

Price:
$0.000
Subject:
GLOBAL
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2014-10-01 TOP PICK iShares-Dow-Jones-Transport-ETF
IYT-N
Don Vialoux

Don’t buy today.  The DOW transportation average broke below the 50 day moving average today.  Seasonally, the sector bottoms around the middle of October and has a strong move until January.  Technicals are positive even before its period of seasonal strength.

Price:
$147.070
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
OPTIMISTIC
Owned:
No
2014-10-01 TOP PICK WSP-Global-Inc.
WSP-T
Charles Lannon

Holds it.  Just did a big deal.  The market wants to digest it.  He is a big fan of the deal.  Will be amongst the top ten service firms globally.  4%+ dividend is sustainable, but will be flat.

Price:
$35.850
Subject:
GLOBAL
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2014-10-01 TOP PICK SPDR-Technology-ETF
XLK-N
Don Vialoux

Don’t buy today.  Seasonal strength starts in the middle of October.  There has been a long upward trend even before the period of seasonal strength.  It will be strong until the consumer electronics show in early January.

Price:
$39.280
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
OPTIMISTIC
Owned:
No
2014-10-01 TOP PICK SPDR-Cons-Discretionary-ETF
XLY-N
Don Vialoux

Don’t buy today.  Restaurants, Disney, Retail, etc.  Good from mid October to first week in January.  It has an upward long term trend, but it is slightly negative compared to the market and below its 20 day moving average.

Price:
$65.800
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
OPTIMISTIC
Owned:
No
2014-09-30 TOP PICK Community-Health-Systems
CYH-N
Gordon Reid

Owned for a long time.  But there is no beginning and end.  You buy things when they are good value and sell when things change.

Price:
$54.790
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-30 TOP PICK Encana-Corp
ECA-T
Keith Richards

Loves this chart.  Cup with handle.  Broke out, tested and then he bought.  There is quite a bit of upside on this one.

Price:
$23.780
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2014-09-30 TOP PICK Google
GOOGL-Q
Gordon Reid

They split into two classes and these are the voting shares and he would buy them.  Mobility is a key aspect of this company.  People were hung up on the cost per click for advertising, but mobility upped their clicks so revenue growth is very robust.  Their multiple is falling because earnings are growing faster.  Things are setting up for a long term ownership position.

Price:
$588.410
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-30 TOP PICK Goldman-Sachs
GS-N
Gordon Reid

A company that has been hurt like others in the banking space by low rates and bond prices. But there has been much more volatility in the last few months and that benefits them.  They are an investment banker and confidence will lead to deals and they are the preeminent deal maker in investment banking. 

Price:
$183.570
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-30 TOP PICK Tata-Motors-Ltd.
TTM-N
Keith Richards

Great looking chart.  Long consolidation then a breakout.  He bought yesterday on a pullback.  The fundamentals are fantastic.  There is a currency risk.  Likes the business and the charts.

Price:
$43.710
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Unknown
2014-09-30 TOP PICK Yum--Brands
YUM-N
Keith Richards

Fundamentals are good.  Trend is up.  The recent sell off was due to a supply chain problem.   He bought a few days ago.

Price:
$71.980
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2014-09-29 TOP PICK Tsingtao-Brewery-Co.
0168-HK
Norman Levine

Chinese stock that also trades on the pink sheets in the US.  It is out of favour because of slow growth and the democracy movement in Hong Kong.  More and more people in China will be drinking beer.  Has a bit of yield that grows as well.

Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2014-09-29 TOP PICK Hengan-International--HEGIY.PK-
1044-HK
Norman Levine

Napkin/tissue business.  As people move to Chinese cities, they start using these products.  This one is out of favour, but there is growth.

Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2014-09-29 TOP PICK Avigilon-Corp
AVO-T
Patrick Horan

Still growing between 30-50% on the top line.  They have more organic growth than he usually sees in the Canadian space.  You are getting it really cheap here. 

Price:
$17.890
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Yes
2014-09-29 TOP PICK BCE-Inc.
BCE-T
Norman Levine

A defensive stock in a declining market and should hold up well here.  5%+ yield that grows on a regular basis.  BA-T being taken on will sustain their cash flow.  It is a good time to own this one.

Price:
$48.430
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2014-09-29 TOP PICK IGM-Financial-Inc.
IGM-T
Patrick Horan

Attractive 4.5% dividend yield.  Business model has fat margins.  It came from 20% overvalued to 5% undervalued.  There is concern there will be a dramatic change once they reformat their statements. 

Price:
$48.450
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Yes
2014-09-29 TOP PICK JP-Morgan-Chase--and--Co
JPM-N
Patrick Horan

Positive M&A cycle, positive capital markets cycle.  Companies are trying to transform themselves through the investment banking side using high yield and equity markets to do it.  These guys are well placed to do it.  It is not very expensive.

Price:
$60.330
Subject:
NORTH AMERICAN
Bias:
SELECTIVELY BULLISH
Owned:
Yes
2014-09-26 TOP PICK CAE-Inc
CAE-T
Bill Carrigan

Aerospace is one of his dominant themes.  The pickings are thin in Canada. This gives us exposure to commercial as well as defense. 

Price:
$13.480
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
No
2014-09-26 TOP PICK Linamar-Corp
LNR-T
Michael Bowman

It is not in play, but they came down when another company in the space was bought.  It was unwarranted.  They now have Linamar transportation.

Price:
$58.990
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on OIL SERVICES COMPANIES
Owned:
Yes
2014-09-26 TOP PICK Shawcor-Ltd.--A-
SCL-T
Michael Bowman

He was waiting for it to come back to a buy range.  Right at the 200 day M.A.  Buy it here.

Price:
$54.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on OIL SERVICES COMPANIES
Owned:
Yes
2014-09-26 TOP PICK SNC-Lavalin-Group-Inc.
SNC-T
Michael Bowman

Likes the sector.  It has done very well.  They had some issues that are now behind them.  Just bought a large construction and engineering firm. 

Price:
$52.160
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on OIL SERVICES COMPANIES
Owned:
Yes
2014-09-26 TOP PICK BMO-Junior-Gold-Index-ETF
ZJG-T
Bill Carrigan

Strictly a trade.  The divergence has become extreme against the TSX-T.  When we get these extreme oversold levels he buys it for a trade.  Give it three months and get out when it starts to spin its wheels.

Price:
$6.950
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
Yes
2014-09-26 TOP PICK BMO-EqWt-US-HthCare-Hedged-CAD
ZUH-T
Bill Carrigan

It is hedged to the Canadian dollar.  Healthcare.  He wants to be in healthcare.  It is outperforming.  The uptrend is a long, gradual advance.

Price:
$35.570
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
No
2014-09-25 TOP PICK Altagas-Ltd
ALA-T
Michele Robitaille

Not just for the gas.  They are well diversified.  They have power and utilities.  Strong growth profile and much is from long life contracts.  They have a great track record with projects on time and on budget.  They set themselves up for low risk growth opportunities.  Valuation is really attractive.

Price:
$46.860
Subject:
HIGH YIELD EQUITIES & REITS
Bias:
CAUTIOUS
Owned:
Yes
2014-09-25 TOP PICK CASH
CASH
Genevieve Roch-Decter

She is letting it accumulate because the market may pull back a little more.  We don’t need to jump in just now, but she wants to see how things play out.

Price:
$0.010
Subject:
NORTH AMERICAN ENERGY INFRASTRUCTURE
Bias:
CAUTIOUS
Owned:
Yes
2014-09-25 TOP PICK General-Electric
GE-N
Genevieve Roch-Decter

They have a big, growing, energy infrastructure business. They sold off many of their non-traditional assets.  They sold part of their financial business.  They are trying to reduce financial business to 25% of revenues.  They are acquiring energy infrastructure businesses.  Their earnings are growing and the dividend is growing.  Industrials are going to do well.

Price:
$25.550
Subject:
NORTH AMERICAN ENERGY INFRASTRUCTURE
Bias:
CAUTIOUS
Owned:
Yes
2014-09-25 TOP PICK Northland-Power-Inc
NPI-T
Michele Robitaille

A good track record of power projects.  Just won an international wind project.  The management team is very well aligned and own 39% of the company.

Price:
$16.900
Subject:
HIGH YIELD EQUITIES & REITS
Bias:
CAUTIOUS
Owned:
Yes
2014-09-25 TOP PICK Secure-Energy-Services
SES-T
Genevieve Roch-Decter

In a very interesting space.  Waste and waste water handing business in drilling.  You have to get the frack fluid out of the oil.  Wells are getting older so the waste water volume goes up and more ENPs are outsourcing this.  There is a huge opportunity in the US.

Price:
$23.440
Subject:
NORTH AMERICAN ENERGY INFRASTRUCTURE
Bias:
CAUTIOUS
Owned:
Yes
2014-09-25 TOP PICK Vermilion-Energy-Inc
VET-T
Michele Robitaille

They have a rising free cash flow profile.  A new project is coming on next spring and will increase their cash flow by 13%.  Good link to Brent pricing.  Their payout ratio will go under 100% in the spring.

Price:
$65.330
Subject:
HIGH YIELD EQUITIES & REITS
Bias:
CAUTIOUS
Owned:
Yes
2014-09-24 TOP PICK Barclays-Bank-PLC
BCS-N
Paul Harris, CFA

Bought Leman Brothers.  They are now a very substantial investment bank.  It is a great franchise in the UK and they have a great wealth management business.  They are going to be a smaller investment bank so their cost structure will go down.  Their Barkley’s card is quite strong.

Price:
$15.130
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2014-09-24 TOP PICK Benev-Capital
BEV.H-X (N/A)
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
2014-09-24 TOP PICK Concordia-Healthcare
CXR-T
Bruce Campbell (2)

Has been drifting sideways in the last few months. Management has been working on some more deals. Just made a deal where they acquired an epilepsy drug. They are hoping to put in a price increase which means there will be increased EBITDA and earnings. You could probably see a dividend bump down the road. Also, feels there will be more acquisitions, which is management’s forte. Yield of 0.95%.

Price:
$35.950
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-09-24 TOP PICK Deere--and--Co.
DE-N
Paul Harris, CFA

The stock is cheap.  They went into construction and it does well when agriculture does not.  People are afraid farmers won’t buy farm equipment.

Price:
$83.770
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2014-09-24 TOP PICK Grenville-Strategic-Royalty-Convertible-Debenture
GRC.DB-T
Bruce Campbell (2)

 

They are investing in companies and getting a top line royalty. This company is fairly new and is a very small cap. They don’t have a dividend, but this is one way to participate in the upside, but also in an income stream. Pays an 8% coupon. The bond is trading just around par right now. It is convertible into Grenville stock at $0.92.


Price:
$0.000
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-09-24 TOP PICK Target-Corp
TGT-N
Paul Harris, CFA

It was hit by a data breach and the Canadian expansion.  They executed very poorly in Canada and that hurt them.  They came out with a bunch of things they want to do and if they execute well the stock will go higher.  Their online business is doing quite well.

Price:
$63.880
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2014-09-23 TOP PICK Bank-of-America
BAC-N
Rick Stuchberry

When the Fed taper comes off and the lawsuits stop, this has the ability to make a lot of money. Targets on the street are quite a bit higher than its current price. Yield of 1.17%.

Price:
$17.050
Subject:
CANADIAN LARGE & ADRs
Bias:
BULLISH
Owned:
Yes
2014-09-23 TOP PICK Bank-of-Montreal
BMO-T
Ross Healy

This is the next breakout among the banks and the cheapest of the big 6. Yield of 3.72%. He can see about a 25% upside, before it runs into any serious resistance.

Price:
$84.060
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-09-23 TOP PICK Bonavista-Energy-Corp
BNP-T
Rick Stuchberry

This is a good one because it has gotten weaker. A natural gas company. Does not like the oily names as much. Natural gas is trading below $4, inventories are low, so he thinks there is going to be an upward movement on pricing this winter. Management owns a lot of stock. Very good operator and operating below $13 of BOE. Yield of 6.56%.

Price:
$12.800
Subject:
CANADIAN LARGE & ADRs
Bias:
BULLISH
Owned:
Yes
2014-09-23 TOP PICK Great-West-Lifeco
GWO-T
Ross Healy

Excellent upside potential. Fairly close to good, solid technical support at about $30-$31. Nice rising balance sheet. This is a play on the potential for rising interest rates. Yield of 3.76%.

Price:
$32.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-09-23 TOP PICK Manulife-Financial
MFC-T
Rick Stuchberry

(A Top Pick Oct 22/13. Up 22.8%.) This pick has quite a bit to do with the expectation of higher interest rates. They are making money now and firing on all cylinders. This is a company where if you get a normalized yield curve, it doesn’t hurt them, but actually helps them. It should continue to do very well. Has a big Asian operation, which could do very, very well. Yield of 2.85%.

Price:
$21.770
Subject:
CANADIAN LARGE & ADRs
Bias:
BULLISH
Owned:
Yes
2014-09-23 TOP PICK Transat-A.T.-Inc--B-
TRZ.B-T
Ross Healy

Had recommended this earlier in the year and it hasn’t done a good deal. This has a remarkable seasonal characteristic in that starting in Sept, Oct and Nov, it tends to move strongly into year end. It has been doing this for years and years, even in bear markets.

Price:
$8.860
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-09-22 TOP PICK BCE-Inc.
BCE-T
David Baskin

It is pretty hard to find quality blue chip companies with yields over 5%. As people are exiting the commodities and economically sensitive stocks, they are gravitating towards the blue chip income producers, not economically sensitive. Dividend yield of 5.18%.

Price:
$47.660
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-09-22 TOP PICK Cineplex-Inc
CGX-T
David Baskin

Their problem is that they can’t make gold out of straw, so if Hollywood does not produce any good movies, there is less ticket and concession revenue. There are some good movies coming down the pipe and that should help a lot. Increasingly they are selling an upscale product with VIP seats. Right now the stock is cheap.

Price:
$40.970
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-09-22 TOP PICK Crescent-Point-Energy-Corp
CPG-T
Peter Brieger

Oil has stopped going down.  They have already drilled 700 wells and secondary recovery techniques can be applied to half of those.  They have an inventory of 7,600 wells to which the same technique can be applied.

Price:
$40.360
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-09-22 TOP PICK Precision-Drilling
PD-T
Peter Brieger

4-6% gain in 4-6 months.  The big plus for them is the North American exposure.  They signed a deal with SCL-T.  This will be one of the major positives going forward.  President said that if LNG projects go forward this one is the best positioned to benefit going forward.

Price:
$11.730
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-09-22 TOP PICK Power-Corp
POW-T
David Baskin

Nobody has made any money in this company for a long time. Part of that is the malaise affecting the insurance industry. With very low bond yields, insurance companies can’t really invest their unearned premiums and make very much money. That is about to change. Bond yields are going to start going up in about a year from now, which is excellent for insurance companies. With the demise of Paul Demaray, the control block of this company is, at least notionally, in play. If they break it up, the parts are worth more than Power Corp. Also, Investors Group is increasing assets under management, which will increase the cash flow going upstream.

Price:
$32.000
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-09-22 TOP PICK Toronto-Dominion
TD-T
Peter Brieger

A great story going forward.  Sees 5-6% growth plus dividend over the next year.

Price:
$56.790
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2014-09-19 TOP PICK Canadian-Natural-Rsrcs
CNQ-T
Greg Newman

Thinks the market is really ignoring that this company gets a lot of their effective pricing from Western Canada Select, which really hasn’t changed much. Differentials have narrowed, so the “spread under” has gone up. Thinks that on this next quarter, as long as oil doesn’t drop another $10, this should be a nice little earnings release. Ultimately they expect to have $5.5-$6.5 billion of free cash flow by 2018.

Price:
$44.070
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-09-19 TOP PICK FirstEnergy-Corp.
FE-N
John Stephenson

SHORT. 60% of their capital structure (debt and equity) is debt, so that portion will be very sensitive as interest rates go up. He feels US interest rates are very likely to start going up early next year. In addition, 20% of their business is unregulated.

Price:
$34.620
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-19 TOP PICK General-Motors-Corporation
GM-N
John Stephenson

Stock has been beaten up, so this is an attractive entry point. This is reflected in the valuations. Trading at 8.1X forward earnings. They have bungled some things, but you are seeing a strong pick up in growth. They are going towards more standardized footprints so they can produce multiple cars on the same chassis in different styles. Opel division in Europe has been a bit of a headwind, but their Cadillac is doing quite well in China.

Price:
$33.940
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-19 TOP PICK Hudson-Bay-Co.
HBC-T
Greg Newman

Sees this as a way for Canadian investors to benefit from improving US retail. 63% of their business mix is now levered to the US through Saks, Lord & Taylor and Off Fifth. He is modelling 43% revenue growth from merger synergies and higher margins over the next couple of years. The kicker here is that management has said they are going to do something with their real estate between now and next spring. There is a good chance of a growing retailer that is trading at a good level on a PEG ratio basis along with the real estate upside.

Price:
$15.250
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-09-19 TOP PICK Intact-Financial
IFC-T
Greg Newman

Property and casualty. Steady Eddie 46% earnings per share growth. This is a fragmented market and future acquisitions serve as embedded catalysts. If they can make an accretive acquisition, investors in the next 12 months will benefit.

Price:
$72.380
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-09-19 TOP PICK KKR--and--Co.-LP
KKR-N
John Stephenson

This should be able to grow its investment portfolio by 18% over the next couple of years on an annualized basis. Raised money in 2006 in its Asian fund and is starting to harvest that. Very geared towards the overall market and the markets have done really well, particularly in the US. They are launching money now with a European fund. One of the things in Europe is buying distressed debt.

Price:
$22.550
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-18 TOP PICK Bard-C-R-Inc.
BCR-N
Barry Schwartz

This hit his screen.  There is no real volume, however.  Single use medical products.  80-85% of revenues are high margin and annuity like.  Ripe for the picking by a JNJ or Abbot Labs. There are not a lot of opportunities for them to grow.  Buying back a ton of stock, but not raising dividends.

Price:
$146.880
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-09-18 TOP PICK Brookfield-Property-Partners
BPY.UN-T
Nick Majendie

(Top Pick Sep 16/13, Up 22.34%) It is selling at quite a discount from its IFRS value.  Thinks they will soon get much more Canadian and US analyst coverage.  Thinks it is a good purchase.  Excellent dividend growth going forward.  They have extremely high quality real estate assets.  Geographically they are diversified.  Ultimately they will be one of the few global ‘go to’ real estate companies.  Expects 7-8% increases in distribution yearly.

Price:
$23.300
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
Yes
2014-09-18 TOP PICK JP-Morgan-Chase--and--Co
JPM-N
Barry Schwartz

US financials are being held back by regulation and low interest rates.  Buying back stock, great balance sheet.  Earnings potential well beyond $6 next year.

Price:
$61.320
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
Showing 1 to 120 of 20,089 entries
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