stockchase picture

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

Recent Top Picks

Date Signal Company Expert Opinion Price
2015-04-20 TOP PICK Apple
AAPL-Q
Barry Schwartz

Good companies that have high ROE’s and generate lots of free cash flow with great branded products are going to grow. Thinks they are going to earn $8.40 this year and well over $9 next year. Add in the cash balance and trading at 10 or 11 times earnings, it may be the best company in the world. Dividend yield of 1.47%.

Price:
$127.600
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on ENERGY
Owned:
Yes
2015-04-20 TOP PICK CASH
CASH
Keith Richards

(A Top Pick March 11/15.) He is holding 32% in cash. He is trying to leg a little bit out of the US stocks, because he thinks the Cdn$ might rally $.02-$.04, but is actually bearish longer-term on the Cdn$.

Price:
$0.010
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Yes
2015-04-20 TOP PICK Chemtrade-Logisitics-Inc.
CHE.UN-T
Keith Richards

Stock tends to trade between $19 and $22. It is at the top of its trading range, but thinks there is going to be more money rotating into it over the summer. Good dividend of around 5%. Low volatility.

Price:
$22.030
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Yes
2015-04-20 TOP PICK Intertape-Polymer-Group
ITP-T
Barry Schwartz

Manufactures tape. This is for the e-commerce revolution that is going on globally. They sell a lot of stuff to Amazon. First-quarter earnings are not going to be so hot because of people delaying orders looking to get tapes at cheaper prices. Their biggest input is oil (resin) where prices have plummeted. Increased its dividend by 50% giving it a yield of 3.56%. Balance sheet has improved and cash flow is gushing. He is buying all he can buy below $18.

Price:
$17.190
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on ENERGY
Owned:
Yes
2015-04-20 TOP PICK TSX-Group
X-T
Barry Schwartz

The 1st quarter has not been great in terms of trading, but this is not just a trading company. There are listing fees, advisory fees, and technology fees. Listing fees have been huge recently because there have been a lot of preferred shares and secondary offerings for oil and gas companies that need the money. He is hopeful that there will be more IPOs. Trading at around 12 or 13 times next year’s earnings. Dividend yield of 3.04%, which is the highest dividend yield relative to its US peers.

Price:
$53.080
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on ENERGY
Owned:
Yes
2015-04-20 TOP PICK SPDR-Consumer-Staples-ETF
XLP-N
Keith Richards

He is trying to hold lower beta stocks which is a great sector to move into, because it can be a lot more stable. Sometimes these lower beta stocks will actually thrive in a somewhat bearish environment. This one has been trending sideways. You are going to see a rotation where the staples start to move up over the next couple of months and discretionaries are going to start to slow down a bit. (See Past Picks.)

Price:
$49.230
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
No
2015-04-17 TOP PICK CCL-Industries--B-
CCL.B-T
Norman Levine

A Canadian based multinational consumer company. Their products are packaging. A world leader in labels, especially pressure sensitive ones. Also, make aluminum cans and plastic laminate tubes that are going into cosmetics, etc. A couple of years ago they made a transformative acquisition from Avery. They bought their label business as well as their digital printing business. That has been a huge win for them. Dividend yield of 1%.

Price:
$146.930
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-17 TOP PICK General-Electric
GE-N
Norman Levine

Have proposed selling GE Capital, which is a transformative thing for them. They are going to largely get out of financial services and become a purely industrial company. Have said they will be doing a huge share buyback. Believes they are going to increase the dividends again on a regular basis. Also, make transformative acquisitions in the industrial space. Thinks that all of this will lead to a much higher stock price.

Price:
$27.250
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-17 TOP PICK Power-Financial-Corp
PWF-T
Norman Levine

This is a company that has historically increased its dividends regularly, twice a year. The largest shareholder in Great West Lifeco (GWO-T), London Life, Canada Life and Putnam Investments. Also, the largest shareholder in IGM Group (IGM-T), Investors Group, etc. After the financial crisis they did not raise their dividend until March of this year. Thinks it is going to start again to be a regular thing, so your yield is going to continue to go up.

Price:
$37.340
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-16 TOP PICK Amgen-Inc.
AMGN-Q
Paul Harris, CFA

Trading at about 16X earnings. Have great drugs in the kidney area and in cancer. Also, thinks there is a cholesterol drug coming out. Management is really interested in increasing margins, cutting costs, increasing dividends and paying back money to shareholders. Dividend yield of 1.89%.

Price:
$166.870
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2015-04-16 TOP PICK EnerCare-Inc
ECI-T
Kash Pashootan

This IPO’d in 2002 under Consumer Water Heater. A lot has changed since then. One third of their business is sub metering for condos and apartments and two thirds of home services, air-conditioning, water heaters and furnaces. This business is a high percentage of recurring revenues. Very cash flow heavy, which is great for dividend investors. Dividend yield of 5.56% and they are able to sustain this with only 40% of their free cash flow. He is expecting some dividend increases from them. Only 22% of their overall contracts are in the billing stage, so cash flows are going to grow.

Price:
$15.060
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
BEARISH
Owned:
Yes
2015-04-16 TOP PICK Element-Financial
EFN-T
Paul Harris, CFA

Management understands this business very clearly. There is a good opportunity for them to grow. Just made an acquisition in the US, which will help them grow in the US a lot more. Because of what happened in the financial services industry in 2008, there are a lot of gaps in the leasing side of the business, and he thinks there is a great opportunity for them to come in and scoop up a lot of business and grow. A great growth story over the next several years in the US, and a little bit in Canada.

Price:
$17.820
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2015-04-16 TOP PICK Emera-Inc
EMA-T
Kash Pashootan

An electricity utility name. Focused in Atlantic Canada, and more recently have gone into the US as well. Along with other utilities, what he likes is the stable income stream and the reoccurring revenues. The risk for these types of names is that they are interest rate sensitive, but the risk of rates going up in Canada is very low right now. 31% of the revenues come from the US, and because they are paid in US$’s they are getting a boost from foreign exchange. Yield of 3.89%.

Price:
$41.410
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
BEARISH
Owned:
Yes
2015-04-16 TOP PICK Magna-Int-l.--A-
MG-T
Kash Pashootan

When he looks at this and its valuations, it makes a lot of sense. He is positive on the auto sector, and this is a great way to participate without taking company specific risk. A wildcard for them at this point is what is going to happen in Europe. 40% of their revenues come from Europe. With commodity prices coming down, their revenues have grown. Dividend yield of 1.68%.

Price:
$66.520
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
BEARISH
Owned:
Yes
2015-04-16 TOP PICK Phoenix-Energy-Services
PHX-T
Paul Harris, CFA

A horizontal drilling company. Have some great technology for the drilling side, which is really their key business. Trades at 18X earnings and pays a yield of 5.35%. Their technology allows them to get data back to the main place where they can analyse and see where the drilling is all going. Management is doing all the right things.

Price:
$7.850
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2015-04-15 TOP PICK Com-Dev-International-Ltd.
CDV-T
Peter Hodson

Satellite company and also has exactEarth technology, which tracks vessels in the seas. Starting to consider spinning that out or IPOing it, and could turn out to be a nice value creator for them. More expensive than what he likes to see, at 27X earnings. Added it to his growth portfolio because the growth looks really, really good. The satellite market is really growing right now. They have a really good niche. When you are putting components onto a satellite, price is not an issue. This is a very, very high margin business in an industry that is growing very, very fast. Recently did an acquisition called Pacific Wave which makes components for satellites. Possible takeover target. Dividend yield of 2.53%.

Price:
$4.850
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No
2015-04-15 TOP PICK Chipotle-Mexican-Grill
CMG-N
Mike S. Newton, CIM FCSI

An opportunity to pick up a pretty good name that has done a sideways move for some time. Millennials (generation Y) are taking to the name. The company is able to price what they want because consumers believe they are getting good value for their money and the quality is very high. Store count is around 1600 in the US, which he thinks is a very low concentration, considering what they have ahead of them. This doesn’t even consider what they are doing internationally.

Price:
$677.600
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2015-04-15 TOP PICK Element-Financial
EFN-T
Peter Hodson

This has made a lot of money for a lot of investors over the past 20-30 years. Brilliant management. This is also an economic call. You have low interest rates and a good economy, so for a leasing company it is almost perfect. They can finance attractively and are not going to lose a lot of money when leases go bad. They are into almost anything that moves, such as rail cars, transportation companies, etc. Have done lots of leasing and have grown very, very fast through acquisitions, and have mentioned a dividend for next year. As they grow into that 1st dividend, he thinks a lot more investors will start to pay attention. Growth rate is looking very, very good. Earnings per share this year should grow very nicely. They are economically and interest rate sensitive, but he thinks both of those are positive for them right now. Trading at 17X earnings, which is very, very attractive.

Price:
$17.510
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No
2015-04-15 TOP PICK JP-Morgan-Chase--and--Co
JPM-N
Mike S. Newton, CIM FCSI

Valuation is only 10X forward PE. Earnings showed pretty good and rather robust trading in capital markets activity. If interest rates start going up, this would be a bit of a tailwind for them. Buybacks were authorized to go even higher. Dividend yield of 2.49%.

Price:
$64.210
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2015-04-15 TOP PICK Patient-Home-Monitoring
PHM-X
Peter Hodson

Has been a very good trader. Market cap of $365 million. 10,000 people will turn 65 in the US today, so this company is going after the homecare market. You have a huge baby boom generation that is getting older and needs homecare. He really likes the trend. Hospitals are trying to get patients out of the hospital and into the home. The government is trying to save money by treating patients at home. Here you have a consolidator that is chipping away and buying up companies that treat in-home patients, and will start cross-selling different products and different services. Made some great acquisitions, but in their last year they had 58% internal growth without acquisitions. Just did a $60 million financing and already had $20 million in cash, so now they have $80+ million to spend, and may start going after bigger acquisitions in the US while the timing is right. Management owns 11%.

Price:
$1.740
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No
2015-04-15 TOP PICK Constellation-Brands-Inc
STZ-N
Mike S. Newton, CIM FCSI

Brands include Corona, Jackson Triggs, Modelo, Robert Mondavi, etc. A very, very defensive name. Yield is only 1.06%, but the CEO indicated he would probably look to increase that over time. They are really knocking it out of the park in all of their verticals and doing extremely well in vodka and whiskey. They’re undergoing an expansion into tequila and craft beer. Now that it is paying a dividend, it is going to be on a lot more people’s radar.

Price:
$117.520
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2015-04-14 TOP PICK HBP-S-and-P-TSX-60-Index-ETF
HXT-T
Don Vialoux

TSX 60 finally broke through a 7 year high, which is technically very, very good. This is in an upward trend, above its 20 day moving average and is outperforming the S&P 500. The problem is, once you get into May to October, volatility increases virtually every year, so you want to protect yourself by owning this until May and then look for some technical signals to take some profits.

Price:
$28.870
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
No
2015-04-14 TOP PICK Mondelez-International
MDLZ-Q
Christine Poole

This is 44% emerging markets. They are the number 1 player in biscuits, chocolates, candy and number 2 in gum. Most of those categories have very little private label competition, which is good for pricing. This is really a play on emerging markets for their growing consumer middle class. She sees a lot of runway. FX has been a headwind but she thinks the market has chosen to look through that and to recognize the long-term growth opportunities. The company has been embarking on a margin improvement program as their margins are quite a bit lower than their peers. Yield of 1.6%.

Price:
$37.470
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-14 TOP PICK Manulife-Financial
MFC-T
Christine Poole

Thinks they are really position to grow their ROE and their Book Value. These are 2 really important metrics she looks for in a lifeco business. Have done a series of transactions, which underscores management’s focus on long-term growth. Yield of 2.8%.

Price:
$22.130
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-14 TOP PICK PPG-Industries
PPG-N
Christine Poole

Has a lot of International exposure. 40%-45% is North America and the rest is international. A global coating company. They are number 2 in 70% of their end markets. Provides coating for aerospace. Also, have architectural paints (house paint) as well as auto OEM coating. A leading player in the US. Recently acquired the largest player in Mexico. Raw material costs are largely petrochemical based, so they will benefit from lower crude prices. Yield of 1.18%.

Price:
$227.960
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-14 TOP PICK Power-Share-QQQQ-ETF
QQQ-Q
Don Vialoux

Historically, this has outperformed the rest of the market from the middle of April through to the end of May. This partly has to do with its makeup. It is technology, which is when companies announce their new products. Also, a good chunk is biotech, and there are a lot of announcements from the biotechs that come into the market at that time as well.

Price:
$107.170
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
No
2015-04-14 TOP PICK SPDR-S-and-P-500-ETF
SPY-N
Don Vialoux

Technicals are positive. The S&P 500 is in an upward trend. Trading above its 20 day moving average. This is the market, so it is doing what the market does. Seasonality continues to be positive until, on average, May 5. There is a danger that the markets could come under pressure some time between May and October of this year. A very short term trade.

Price:
$209.490
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
No
2015-04-13 TOP PICK Masonite-International-Corp
DOOR-N
Colin Stewart

Leading global designer and manufacturer of interior & exterior doors. Was previously listed in Canada and then was bought out by a US private equity firm which put too much debt on it. It went bankrupt, but has now come back as a public company in the US. Very exposed to the North American housing market. With the US housing downturn, they have made 11 acquisitions, cut costs and become much more efficient. Good pricing power.

Price:
$68.940
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2015-04-13 TOP PICK Interfor-Corp
IFP-T
Colin Stewart

His favourite lumber company. The fastest growing lumber company in North America, maybe globally. Have been very acquisitive. Transformed from being a largely Canadian-based lumber company to a North American company. Operating in the US, they have much lower labour costs and access to cheaper logs.

Price:
$17.800
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2015-04-13 TOP PICK iShares-MSCI-Europe-IMI-Index-ETF--CAD-Hedged-
XEH-T
John Hood

He likes this because it is hedged against the euro and costs only 25 basis points. Has 30% of UK with Spain/Germany/France 13% each. This gives you a good, solid, European core, plus it is doing small-cap and mid-cap.

Price:
$23.400
Subject:
OPTIONS & ETFs
Bias:
UNKNOWN
Owned:
Yes
2015-04-13 TOP PICK Canadian-Satellite-Radio
XSR-T
Colin Stewart

The only satellite radio provider in Canada now. They have a licensing deal with their US sister company to use all their content. Has come under pressure in the last year or so, but on some short-term issues. A really good subscription based business. 2.6 million subscribers in Canada. 7% of the population use it. 65% of all new cars sold in Canada have the technology preinstalled and are able to convert 1 of 3 of those people as new users. There is also the used car channelling that they can go after. Thinks it is worth upwards of $8 a share. Dividend yield of 6.84%.

Price:
$6.210
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2015-04-13 TOP PICK BMO-MSCI-EAFE-Hedged-TO-CAD
ZDM-T
John Hood

He likes that this is EAFE (Europe, Australasia and Far East). It is about 20% Japan, 22% UK, 10% each for England, France and Germany and it is more large caps, along with some individual stocks.

Price:
$20.820
Subject:
OPTIONS & ETFs
Bias:
UNKNOWN
Owned:
No
2015-04-13 TOP PICK BMO-Dow-Jones-Indus.-Avg.-Hedge-ETF
ZWA-T
John Hood

This gives you some actual capital gains income from the US market, instead of always being in terms of income, because the covered calls are treated as capital gain. He likes it because he can be in the US market with a little bit of a hedge on, and he likes the income component of it. Also, BMO doesn’t sell the calls against the index; they sell them against all the stocks in the DOW, which gives you a better bang for the buck. You have to remember that this is a little expensive at around 70-75 basis points.

Price:
$19.870
Subject:
OPTIONS & ETFs
Bias:
UNKNOWN
Owned:
Yes
2015-04-10 TOP PICK Toronto-Dominion
TD-T
David Cockfield

Have a good amount of US exposure. Things are a bit slow in Canada, but the US side is picking up momentum. He thinks that will show up in earnings. Bank stocks in general have taken a back seat for a while. They have built a good base here and you will see them moving higher.

Price:
$55.290
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-10 TOP PICK Vangrd-Dividend-Appr.-E.T.F.
VIG-N
David Cockfield

These are companies that grow their dividends, and in this case, he is showing a little bit of bias towards the US markets. This has a significant number of stocks. Their largest weightings are consumer goods, services, industrials and healthcare. Has a small dividend. A very conservative type of investment.

Price:
$81.600
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-10 TOP PICK BMO-Low-Volatility-Cdn-Eqty-ETF
ZLB-T
David Cockfield

A low beta stock. (Beta measures the volatility of a stock versus the index.) What he likes is, if the index sells off by 5%-10%, this ETF doesn’t. Has a very nice upward momentum. He is thinking that 2015 is going to be quite volatile, so he wants to go for the conservative type investments.

Price:
$27.750
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-09 TOP PICK CitiGroup
C-N
Stan Wong

Very undervalued. Stock hasn’t done much getting through all the regulatory issues that are happening. A lot of those regulatory and regulatory costs are behind them. This is on track of its long-term goal of strengthening its global presence. In consumer and corporate lending they are divesting out of a lot of things that they don’t want to be in. Going to return very meaningful levels of their capital to shareholders, whether through share buybacks or dividend increases. Last year they signed a deal with Costco Wholesale (COST-Q) to issue credit cards, which he expects will be a big revenue kick for their credit card division. Trading at a pretty big discount to its peer group. Yield of 0.8%.

Price:
$52.130
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 TOP PICK Engagement-Labs-Inc
EL-X
Fabrice Taylor

Advertisers need tools to know if they are getting a good RIO in social media.  They have a good management team and advisory board.  They just signed a million dollar contract.

Price:
$0.700
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 TOP PICK Wisdomtree-International-Hedged-Equity-Fund
HEDJ-N
Stan Wong

Provides exposure to mega-cap-large cap European equities, with a hedge against the euro. He thinks the US$ and the euro go to parity. At 1.06 or 1.07 right now so there is still room for them to move. This will give you protection against a currency hedge solution. Likes the QE that is happening in Europe. The euro has fallen quite a bit which is very good for European exporters.

Price:
$67.980
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 TOP PICK IMPERUS-Technologies-Corp
LAB-X
Fabrice Taylor

Acquired an Israeli company that makes some of the hottest fantasy games.  This is not gambling, but fantasy gambling so there is no regulatory concern.  Candy Crush, etc. are also amongst their games.  They are transitioning to mobile from laptop and it is going well.  It should do well as they build new games.

Price:
$0.465
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 TOP PICK Loyalist-Group-Limited
LOY-X
Fabrice Taylor

He is very confident that they are going to get their real estate division going and it will add incredible value.  Their students come from overseas and they all need a place to live and this company has not addressed this before.  Their parents don’t care how much their short term accommodations cost. He thinks you get the school business at a good price and the real estate business for free.

Price:
$0.500
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 TOP PICK Simon-Property-Group-Inc.
SPG-N
Stan Wong

The largest REIT in the world with a lot of operations in the US and some in Canada, Europe and Asia. Business conditions continue to look pretty good. Consumer spending in the US remains pretty firm. Occupancy levels continue to be quite tight, which will allow revenues to remain pretty strong. They also did a share buyback. Dividend yield of 2.84%.

Price:
$193.130
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-08 TOP PICK Convalo-Health-International-Corp
CXV-X
Bruce Campbell (2)

The same management team as Patient Home Monitoring (PHM-X). This one is rolling up addiction rehab centres in the US. A very fragmented market and not a lot of big players in it. They are also seeing organic growth. The 1st centre they acquired 6 months ago was doing about $60,000 a month in revenue and is now doing over $300,000 a month.

Price:
$0.630
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2015-04-08 TOP PICK Guestlogix
GXI-T
Bruce Campbell (2)

This seems to be a case of overpromising and underdelivering. However, they have had 9 quarters in a row of revenue growth. Just made a transaction where they bought Openjaw. This does off board transactions, such as when you finish booking your ticket, at the very end it says “Do you want to book a rental car, hotel, etc.”. Airlines are starting to see massive amounts of revenue from that. This will allow them to cross sell and really ramp up their business. Trading at ridiculously cheap multiples, less than 1X sales.

Price:
$0.810
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2015-04-08 TOP PICK Kelt-Exploration
KEL-T
Robert Lauzon

(A Top Pick March 13/14. Down 30.17%.) Liquids rich gas, so as oil starts to climb towards $60, you will have a very important liquid in the gas stream called condensate, which will start to move up again. Acquiring Artek (RTK-T), which will be a very good fit.

Price:
$8.480
Subject:
ENERGY
Bias:
UNKNOWN
Owned:
Yes
2015-04-08 TOP PICK Nuvista-Energy-Ltd
NVA-T
Robert Lauzon

Drilling some really interesting wells where the economics is really the condensate. This is really a play on oil prices coming back. When you look at the valuation versus a pure oil stock, it is trading at about a 2X lower multiple. Good value. Good management. Well hedged for 2015.

Price:
$8.010
Subject:
ENERGY
Bias:
UNKNOWN
Owned:
Yes
2015-04-08 TOP PICK Tourmaline-Oil-Corp
TOU-T
Robert Lauzon

Great management team. Spent a lot of money on infrastructure. When you back that out of the equation, they are still a very low cost producer. That infrastructure is now built, so 2015 will see the fruits of that labour. This is a stock that you can buy and forget about it.

Price:
$40.100
Subject:
ENERGY
Bias:
UNKNOWN
Owned:
Yes
2015-04-08 TOP PICK Vogogo-Inc.
VGO-X
Bruce Campbell (2)

Has a “payment in processing” technology that was in the online gaming business. Have now put this into crypto currencies. They supply compliance and regulatory services for crypto currency businesses. There is a massive move of businesses starting to use crypto currency to exchange money from one means to another, but they don’t have any regulatory or compliance arm, so this company provides them with that for a fee. They are just about ready to ramp up and roll out their processing in the US with a number of different banks. They get paid a 1% fee. CEO has just said they are going to be cash flowing and earnings positive by the end of this quarter, and a year from now can be doing $100 million of processing per day. There are only about 35 million shares outstanding.

Price:
$2.800
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2015-04-07 TOP PICK Anthem-Inc
ANTM-N
Alex Ruus

The biggest healthcare insurance provider. A great play on helping the US control healthcare costs. Medical expenses are probably one of the biggest expenditure in the US. Historically, have done a great job for the customers as well as for their shareholders. Producing ever increasing streams of earnings and cash flows. Probably trading at the upper end of its historical PE, but he feels people are starting to realize the quality of these businesses. Trading at 14 X next year’s earnings. In the last 8 years, it has gone from 627 million shares outstanding to about 280 million because of share buyback. Yield of 1.61%.

Price:
$155.190
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2015-04-07 TOP PICK CVS-Health-Corp
CVS-N
Genevieve Roch-Decter

The 2nd largest pharmacy chain in the US. Pharmacy Benefits Management is increasingly becoming very important. They negotiate drug prices on behalf of their customers, which are insurance companies, large corporations and government agencies. As drug prices are becoming more and more expensive, it is more and more important for these companies to negotiate for lower costs on drugs. This company has bargaining and negotiating power, and as a result their PBM business has the highest margin in the space. The 3 large companies are United Health, this company and Express Scripts, and they are consolidating. There is huge growth in the industry with the aging population. Over the next 5 years, prescriptions are growing from $100 billion to $400 billion. Yield of 1.35%.

Price:
$103.130
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2015-04-07 TOP PICK DH-Corporation
DH-T
Genevieve Roch-Decter

This was the biggest cheque processing company in Canada for over 100 years. It was a declining legacy business, so they decided they were going to have to look further for other opportunities. In 2013, they acquired a company that was in the fin-tech space, and as a result, the multiple on the stock started increasing because it was back in growth mode. Recently announced an acquisition of Fundtech, which further bolts them into this space. Also, gives them geographical diversification and an entry point into Asia. It gets them into 8 of the 10 top US banks and 30 of the top global banks. Has gone up, but is still attractive on a multiple basis and is only trading at 11 or 12 times, where the US comps are trading at 15 or 18 times. Yield of 3.12%.

Price:
$41.220
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2015-04-07 TOP PICK Element-Financial
EFN-T
Alex Ruus

One of the few financials that he likes. Specialty finance. They are an emerging leasing leader in fleet management, rail finance, commercial/vendor finance and aviation finance. There is accelerating earnings growth. Trading at 12X next year’s earnings. He sees substantial upside here.

Price:
$16.880
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2015-04-07 TOP PICK Keyera-Corp
KEY-T
Genevieve Roch-Decter

One of the best run infrastructure companies in Canada. Mostly gas processing and NGL processing. Have done a fantastic job of growing their business since going public in 2003, during a time when gas prices have gone from $6 to $2.50. Grown their EBITDA by 13% a share over that time period. Have also done a wonderful job of creating a very secure base of EBITDA for shareholders. 70% EBITDA is not a slave to commodity prices. Dividend yield of 3.05%.

Price:
$45.300
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2015-04-07 TOP PICK Neptune-Tech--and--Bioresource
NTB-T
Alex Ruus

His top pick for healthcare. Thinks this is a potential multi-bagger. Have almost $39 million of cash on their balance sheet. Just built a $30 million plant to produce Neptune Krill oil, which should be profitable this coming quarter. Also, own 50% of their pharmaceutical development subsidiary which has multimillion dollar potential. They produce Capri, a treatment for triglyceride uremia. Their phase 2 trials showed a 38% drop in triglycerides, which is 2X the drop that the current drug in the market has shown.

Price:
$2.120
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2015-04-06 TOP PICK Delphi-Energy-Corp.
DEE-T
Josef Schachter

A Montney producer in Alberta. Did about 12,000+ barrels a day in the 4th quarter with a $.40 annual run rate. Thinks the company is going to do about 11,500 BOE’s a day, a little bit less then the 4th quarter, but up from 10,500 for all of the average for 2014. Expects they will do about $.40 in cash flow. They have the ability to accelerate their growth program, but are being careful on their balance sheet. It has a BV of around $1.48 and about $137 million of debt, so right now cash flow might be as low as $40-$45 million by the company’s estimate. His estimate is $60 million. If you can see this stock at $1.25 or less in the next 3 months, it will be a great Buy. He wouldn’t buy this for the next 3 months.

Price:
$1.790
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
No
2015-04-06 TOP PICK easyhome
EH-T
Eric Nuttall

It is a top holding in his small cap fund now.  They are growing organically.  The growth is through expansion in their loan book.  Their exposure to Western Canada is about 6-7%.  They are going to grow earnings 30-40%.

Price:
$21.030
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Yes
2015-04-06 TOP PICK Long-Run-Exploration
LRE-T
Josef Schachter

(A Top Pick April 14/14. Down 85.15%.) A lot of dividend type stocks got beat up pretty badly because of debt loads. This company has $600 million of debt. Have done well with hedging and production. Probably doing 32,000 BOE’s a day this year. Believes they can handle their debt. Great cash flow and should do $.80-$1 this year in cash flow. Will generate about $200 million in cash flow, and are only going to spend $100 million, use $100 million to pay down debt and they have asset sales to pay down debt. Stock could go to $3.50 if they resolve the balance sheet issue. Wait for 3 months before buying.

Price:
$0.740
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
No
2015-04-06 TOP PICK Trinidad-Drilling-Ltd
TDG-T
Eric Nuttall

The service sector does better as you come off a bottom and the best of those are the land drillers.  Has gone from $12 down to $3 and now up to $4.50.  4.4% dividend.  These stocks do well several months ahead of the sector in general.

Price:
$4.710
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Yes
2015-04-06 TOP PICK Tamarack-Valley-Energy
TVE-X
Josef Schachter

Involved in the Cardium and Viking plays in Alberta. Doing about 8000 BOE’s a day right now and he thinks they will average that out for the year. Will probably do $.80 in cash flow. He has a $6.60 target on it.

Price:
$4.290
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
No
2015-04-06 TOP PICK Western-Energy-Services
WRG-T
Eric Nuttall

You want to buy the higher quality rigs.  The crummiest rigs will probably not come back into service for a couple of years.  The service sector does better as you come off a bottom and the best of those are the land drillers.  These stocks do well several months ahead of the sector in general.  4.34% dividend.

Price:
$7.000
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Yes
2015-04-02 TOP PICK iShares-Japan-C--Hedge-ETF
CJP-T
Bill Carrigan

Japan.  You get a basket of exporters.  Japan’s exports should do well as they push their currency down and the US$ stays strong.

Price:
$14.360
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
No
2015-04-02 TOP PICK Mentor-Corp.
MNT-N
Bill Carrigan

(Top Pick Mar 18/14, Down 0.49%) This is all gold.  If the market gets sloppy, the money will run into the gold stocks.  He thinks we are fine here.  Gold has the series of lows.  It should have collapsed when the US dollar took off, but it didn’t.  Gold is showing surprisingly strong performance considering the US$.

Price:
$16.000
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
No
2015-04-02 TOP PICK PrairieSky-Royalty
PSK-T
Mason Granger

The secondary issue where Encana (ECA-T) sold the rest of their stake was done a $36.50, so this is an opportunity to pick the company up at a discount. He likes some of the attributes of this company. Dividend yield of 4.13% is very safe and sustainable. The company has no debt and a positive working capital. Have an undrawn $100 million credit facility. Likes the business model which is based around the fee simple lands, or the mineral rights that Encana used to own. They have 5.3 million acres of mineral rights plus gross overriding royalties on 3.6 million acres. Trades at a very high valuation multiple at about 26X enterprise value to adjusted cash flow, but it has a cost of capital to go to do additional acquisitions of these types of royalty interests.

Price:
$31.500
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2015-04-02 TOP PICK Parex-Resources-Inc.
PXT-T
Mason Granger

Primarily in Colombia. Colombia was hot years ago and has been out of favour for a while. There were a lot of Canadian companies operating there, but this one has really become the standout and is the only one that you want to invest in Colombia. They have done an excellent job of growing production to 26,500 barrels a day of light oil production. Very little balance sheet debt. Very conservatively managed.

Price:
$8.550
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2015-04-02 TOP PICK Spartan-Energy-Corp
SPE-T
Mason Granger

Very astute acquirers of light oil assets. Have a great balance sheet with about 1.2X debt to cash flow. They don’t pay a dividend. Completely unhedged, so you get all that upside if oil rebounds towards the end of the year. This is a company that plays thematically into Buy the Buyers, so he likes to invest in companies that are going to opportunistically be able to acquire assets from distressed companies and come out of the cycle as a stronger company.

Price:
$2.940
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
Yes
2015-04-02 TOP PICK BMO-Emerging-Markets-ETF
ZEM-T
Bill Carrigan

(or VEE-T) The idea is to gradually move away from the US to global markets.  It is closing the gap in terms of outperforming.

Price:
$18.120
Subject:
TECHNICAL ANALYSIS
Bias:
SELECTIVE
Owned:
No
2015-04-01 TOP PICK Walt-Disney
DIS-N
Zachary Curry

There has been a lot of capital expenditure over the past few years through building theme parks, investing, buying Lucas film, etc. His view is that this is going to pay off over the next 1-3 years. CapX should stop and they will reap the rewards. There should be additional funds for shareholders. Best of breed and great management team. Dividend yield of 1.09%.

Price:
$105.440
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-01 TOP PICK Magellan-Aerospa
MAL-T
Patrick Horan

This is a classic Canadian exporter. They were hurt really hard when the Cdn$ was at $1.07. Since that time their margins have lifted and expanded nicely. Revenues have grown. Aerospace backlogs go out another 5 years. Trading at 10X earnings. Yield of 1.64%.

Price:
$14.050
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-01 TOP PICK McDonalds
MCD-N
Zachary Curry

Encouraging that they have a board that brings in a new CEO when the old one wasn’t working out. He expects the new CEO will create more localization of menu items and investing in their employees. You are getting paid to wait with a dividend yield of 3.53%.

Price:
$96.290
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-01 TOP PICK Martinrea
MRE-T
Patrick Horan

Produces auto parts in Europe, US, South America and soon to be Asia, for many of the auto manufacturers. It has probably been one of the lowest performing of the auto parts companies. New management came in and cleaned things up, taking up from a small-based company to a medium-sized base company. We have a positive auto cycle in North America that will probably last another 4-5 years with sales growing in Europe and probably Asia. Dividend yield of 0.95%.

Price:
$12.600
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-04-01 TOP PICK Spartan-Energy-Corp
SPE-T
Zachary Curry

(A Top Pick April 7/14. Down 13.99%.) He considers this as best of breed in the energy sector. Disciplined management team. Good capital allocators. You can control a lot of things, but you can’t control the commodity price. In his view management is good at delivering. They have a clean balance sheet. They can basically spend their cash flow this year and grow production per share around 20%-25%.

Price:
$2.890
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-01 TOP PICK Canadian-Satellite-Radio
XSR-T
Patrick Horan

(A Top Pick March 25/14. Down 19.51%.) Management has a policy of giving most of their free cash flow away in the form of dividends. CBC, which has been an owner of over 12% of the shares, just announced those shares are up for sale. Dividend yield of 7.41%.

Price:
$5.730
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-31 TOP PICK BTB-Real-Estate-Investment-Trust
BTB.UN-T
Paul Gardner, CFA

Québec industrial, retail and office. The biggest knock is that they had over distributed and were overleveraged. 3 years later, they have increased their distribution. Have had good re-leasing of their properties. Have room to grow and to increase their distributions. Québec and Ottawa are doing just fine in this space. Yield of 8.7%.

Price:
$5.000
Subject:
LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2015-03-31 TOP PICK Timbercreek-Mortgage-Investment
TMC-T
Paul Gardner, CFA

(A Top Pick Feb 11/14. Down 7.12%.) This is a mortgage investment Corp. Has been hurt because they had prepayment issues last year. Has heard that insiders have been aggressive buyers of the stock. A good asset class to own. Yield of 9.33%.

Price:
$7.940
Subject:
LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2015-03-31 TOP PICK Union-Pacific-Corp
UNP-N
Gajan Kulasingam

This is his preferred rail company in North America. Serves the Western US with exposure to the Mexican corridor. It serves the region that has the lowest cost basin, so doesn’t have the same negative headwinds as the Eastern rails. Trading at roughly 14.5 X forward earnings. Yield of 2.03%.

Price:
$108.310
Subject:
INDUSTRIALS, UTILITIES and ENERGY INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
Yes
2015-03-31 TOP PICK Veresen-Inc
VSN-T
Gajan Kulasingam

New CEO who has done a great job of reshaping the business. Has been very creative with the deals he has done. This company is a high dividend business model, but also has significant growth. Generally it is a difficult juggling act to balance, but the CEO has done a great job of strategically generating cash flow that allows him to pay out the dividend and still fund organic growth. The Ruby pipeline deal is very cash flow accretive. The Encana (ECA-T) joint venture is also cash flow accretive and allows them to fund the dividend while they go out and build Jordan Cove. He expects these to drive the value north of $20-$21 over the next 2-3 years. Yield of 6.01%.

Price:
$16.680
Subject:
INDUSTRIALS, UTILITIES and ENERGY INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
Yes
2015-03-31 TOP PICK Williams-Cos
WMB-N
Gajan Kulasingam

This is a General Partner, which for tax purposes is investable by anybody, and is essentially a C Corp (?). They essentially own and operate the largest network infrastructure of energy assets in the Northeast, particularly in the Marsalis and Utica shale blue regions. This is one of the higher prolific liquids rich regions that you want to have exposure to in this market. Management team has been very proactive in extracting shareholder value out of the current business model. Their guidance is for 10%-15% dividend growth based on the current commodity strip. His view is that oil will recover at some point, and when it does the dividend gets rebased back up to north of 18%-20%. Dividend yield of 4.6%.

Price:
$50.590
Subject:
INDUSTRIALS, UTILITIES and ENERGY INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
Yes
2015-03-31 TOP PICK Canadian-Satellite-Radio
XSR-T
Paul Gardner, CFA

This has been hit too hard and there is real value in it. Came out with weaker numbers and a higher churn last quarter. He believes there are one-offs that will help fuel the growth. The US Sirius XM is hitting new highs, so there is a disconnect between Canada and the US. With new car sales growing and with the used car market they are focusing on, this is a great free cash flow story. Trades at about a 20% discount to its US counterpart. Dividend yield of 7.69%.

Price:
$5.500
Subject:
LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2015-03-30 TOP PICK CVS-Health-Corp
CVS-N
Gordon Reid

They have both the back and front end of US drugstores. Back end contributes about 70% of revenues and profits. This is a play on the aging population demographics, plus Obama care. This gives a great many more Americans access to insured health benefits. Dividend yield of 1.35%.

Price:
$103.830
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-30 TOP PICK Esterline-Technologies
ESL-N
Gordon Reid

This sells into the aerospace and defence sectors. They put a lot of dollars into each 350 that is built, in avionics and censors.

Price:
$115.680
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-30 TOP PICK High-Arctic-Energy-Services-Inc
HWO-T
Martin Davies

They confused everyone with the name.  Their biggest earnings generator is in New Guinea.  They have an island and two new rigs being built.  Good solid dividend of 5%+ and a good revenue stream.

Price:
$3.760
Subject:
CANADIAN OIL & GAS
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-30 TOP PICK Imperial-Oil
IMO-T
Martin Davies

They have gone ahead and affected a lot of assets.  They spent a lot recently in CapX.  They are well managed and a great growth company.  Only 23% in debt.  Downstream assets have huge earnings power.  They earned as much in refining as in upstream operations.

Price:
$51.350
Subject:
CANADIAN OIL & GAS
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-30 TOP PICK PrairieSky-Royalty
PSK-T
Martin Davies

They don’t have to spend any money at all.  There is going to be some reduction in activity on their lands, but they are low decline rate fields. 

Price:
$29.580
Subject:
CANADIAN OIL & GAS
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-30 TOP PICK Ryland-Group
RYL-N
Gordon Reid

Likes the homebuilding space very much. It has been a little slow to get off the launching pad, but thinks it has a long ways to go. Lending standards are very, very tight. These things ebb and flow. Well positioned to do well. Dividend yield of 0.25%.

Price:
$48.910
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-27 TOP PICK Keppel-Corp-Ltd.
KEP-SP
Darren Sissons

(BNN shows the symbol as KPELF-PK, but my search through Globe & Mail and Bloomberg could find nothing. However, our site does have this under KEP-SP and they are both about oil rigs, so am presuming it is the same company.) A conglomerate that is active in the offshore oil reconstruction and ship repair market. They also have a property business. Has increased its dividend for 24 consecutive years. Good balance sheet and excellent management. A long-term story.

Price:
$0.000
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-03-27 TOP PICK Unilever-NV
UN-N
Darren Sissons

Has the largest emerging market exposure of consumer staples. The market doesn’t like that right now, but that is obviously a mistake as the emerging markets are growing much faster than what we have in developed economies. The dividend grows periodically. Balance sheet is fine. Yield of 3.12%.

Price:
$42.490
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-03-27 TOP PICK Vodafone-Group-PLC
VOD-Q
Darren Sissons

The European market has changed in terms of the outlook for growth for telecom companies. This company goes around the world buying small operations, grows and then sells them off. Good management. Yield of 3.12%.

Price:
$33.460
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-03-26 TOP PICK Alacer-Gold-Corp
ASR-T
Benj Gallander

Lots of money and no debt and they are expanding their copper deposit.  Companies have been looking at them and they could get possibly taken over at some point.

Price:
$2.680
Subject:
CONTRARIAN INVESTING
Bias:
CONTRARIAN
Owned:
Yes
2015-03-26 TOP PICK Baytex-Energy-Corp
BTE-T
Jeff Young

(Top Pick May 22/14, Down 54.04%) He probably should have sold and come back later.  It has good assets and a good cost base and they are a good company.  When oil prices start to recover they will be a prime beneficiary of that.  It is a high quality company and just needs some support from oil prices.  He is not suggesting people back the truck up but just put a toe in.  6% yield.  The Saudis can’t produce oil for the entire world and no one but they can make money at these levels.

Price:
$20.020
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2015-03-26 TOP PICK Cathedral-Energy-Services
CET-T
Benj Gallander

They cut their dividend in half.  They cut their capital spending in half.  They cut half their labour cost.  They have a reasonably good balance sheet.  It is a good time to buy in now.  They are smartly managed and a number of companies in this sector will go bankrupt or chapter 11 so this will eliminate competition.

Price:
$2.010
Subject:
CONTRARIAN INVESTING
Bias:
CONTRARIAN
Owned:
Yes
2015-03-26 TOP PICK First-United
FUNC-Q
Benj Gallander

Good financial ratios and capitalization ratios.  If they start repaying a dividend he can see a cent or two a quarter and then moving up from there.  Thinks they will start the dividend this year.  A nicely managed company.

Price:
$8.570
Subject:
CONTRARIAN INVESTING
Bias:
CONTRARIAN
Owned:
Yes
2015-03-26 TOP PICK Pembina-Pipeline-Corp
PPL-T
Jeff Young

It has come down quite a bit, but he likes the assets.  They touch more than half the oil moving around Alberta.  They have assets where he expects development to continue.  They have a decent dividend and decent growth prospects.  If we run into more troubled commodity prices for longer there will be pressure on the stock price, but as for the information they have now, it is in the stock price.

Price:
$40.390
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2015-03-26 TOP PICK Westjet-Airlines
WJA-T
Jeff Young

It has come off a bit after doing very well.  It is the perpetual problem with airlines where they overbuild capacity and demand is not there to keep it up.  They are expanding into more holiday travel.  It sold off on the Western Canada worries and he thinks it is overdone.  They have this economy of premiums and they continue to find ways to add to their revenue line.  The risk is if the economy turns down and air travel falls.

Price:
$29.600
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2015-03-25 TOP PICK Canam-Group-Inc.
CAM-T
James Hodgins

Commercial construction the US.  They also offer architectural and design services.  More than a $ billion back log.

Price:
$12.560
Subject:
MARKET NEUTRAL INVESTING
Bias:
NEUTRAL
Owned:
Yes
2015-03-25 TOP PICK Element-Financial
EFN-T
John Wilson

Announced a new Chairman today.  The chairman is now separate from the CEO position.  Pretty strong organic growth.  Earnings growth in the 30% or better range.  16 times this year’s and 12 times next year’s earnings.  They won’t pay cash taxes for a long time.  He has had it for a couple of years.

Price:
$16.550
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC on US ECONOMY
Owned:
Yes
2015-03-25 TOP PICK Hudson-Bay-Co.
HBC-T
John Wilson

They have tremendous real estate in every city across the country.  You add to that what Saks had and he feels it is a tremendously undervalued company.  It is run by someone who is a real estate guy who is really good at surfacing value from real estate. 

Price:
$25.560
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC on US ECONOMY
Owned:
Yes
2015-03-25 TOP PICK Pfizer-Inc
PFE-N
John Wilson

Has been a sleepy pharma stock.  He likes it because of a big hoard of off-shore cash and they announced a deal in February that will give them a lot of synergies and allow them to grow earnings.  He thinks breaking up the company will bring out value as well.

Price:
$34.300
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC on US ECONOMY
Owned:
Yes
2015-03-25 TOP PICK TheScore-Inc.
SCR-X
James Hodgins

They had $16 Million on the balance sheet but just raised equity and he thinks this is for an acquisition.  In the mean time you have massive growth in the app.  It is getting to that kind of scale where you are going to see big increases in their advertizing revenue.  Ultimately, someone like FB-Q would take them out.

Price:
$0.660
Subject:
MARKET NEUTRAL INVESTING
Bias:
NEUTRAL
Owned:
Yes
2015-03-25 TOP PICK TeraGo-Inc.
TGO-T
James Hodgins

Originally a pure connectivity play.  They acquired a company recently and are now cross selling to the acquired company’s customers.  It could cause the stock to double at some point.

Price:
$7.400
Subject:
MARKET NEUTRAL INVESTING
Bias:
NEUTRAL
Owned:
Yes
2015-03-24 TOP PICK Crombie-Real-Estate-Investment-Trust
CRR.UN-T
David Baskin

A 6.69% dividend.  He doesn’t care if interest rates go up a bit.  It is owned by the Sobeys family.  They expanded to Western Canada so there is more growth coming to them.  The terrific dividend is probably still going to grow in 2015.

Price:
$13.470
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2015-03-24 TOP PICK Concordia-Healthcare
CXR-T
Michael Smedley

He has held it for a long time.  He is contemplating adding to it again.  It is a Valiant want-to-be.  It will have to get into bigger acquisitions.

Price:
$85.960
Subject:
CANADIAN
Bias:
BULLISH on HEALTH CARE
Owned:
Yes
2015-03-24 TOP PICK Express-Scripts-Inc
ESRX-Q
David Baskin

It’s like a buyer’s group.  They are a toll road for drugs, getting profit off a spread between the usual price and a lower one they negotiate based on the bulk they are dealing with.  The payout ratio is small so it can go up a lot.  You don’t care who has the best drug.

Price:
$84.060
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2015-03-24 TOP PICK Goldman-Sachs
GS-N
David Baskin

It is probably the best investment bank in the world, and they passed their stress test so they could increase their dividend.  He also expects share buy backs.  Buying back shares when at book value is a very good use of capital.

Price:
$191.280
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2015-03-24 TOP PICK Limoneira-Co
LMNR-Q
Michael Smedley

This is the Sunkist of Lemons.  They are now using their fabulous real estate holdings for lemons.  They are buying into a look-alike situation in Chile. 

Price:
$23.070
Subject:
CANADIAN
Bias:
BULLISH on HEALTH CARE
Owned:
Yes
2015-03-24 TOP PICK Noront-Resources-Ltd.
NOT-X
Michael Smedley

He has been in it for a long time.  It is the only minable deposit of chromite in North America.

Price:
$0.485
Subject:
CANADIAN
Bias:
BULLISH on HEALTH CARE
Owned:
Yes
2015-03-23 TOP PICK SalesForce.com-Inc.
CRM-N
John Stephenson

This is one of the best cyclical technology stocks.  They are rolling out `wave` and growing quickly in the 25-30% range for cash flow.  It still has upside to come.  This is early stage to a growth roll out.

Price:
$67.660
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-23 TOP PICK Horizons-S-and-P-500--C--Hedged-
HXS-T
Brooke Thackray

S&P 500 tracking, hedging the currency.  The broad market is not a bad place to be right now.  The S&P tends to outperform the TSX this time of year.  A one to two month hold.

Price:
$47.230
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Yes
2015-03-23 TOP PICK Pacific-Rubiales-Energy-Corp.
PRE-T
John Stephenson

Short. They were not able to extend the life of the rubiales field, which drives 40% of their value in production, a balance sheet that is getting worse, there is a lot of insider selling, their reserves are grossly overstated, and they are giving to a charity they control.  It is likely to face a reserve write down and then eventual extinction.

Price:
$3.230
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-23 TOP PICK Spirit-Airlines-Inc.
SAVE-Q
John Stephenson

Airlines are trading at very low multiples compared to other transportation.  It is dirt cheap.  An ultra low cost carrier.  Flies to major domestic cities.  Best margin in the business.  It is not a business travelers` airline.  They do 13% more flights per day with their planes than other carriers.

Price:
$77.710
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-23 TOP PICK Sysco-Corp
SYY-N
Brooke Thackray

It is a consumer staples stock and already starting to show positive signs.  Normally it does not have seasonal strength until April 23rd, but now is the time to get into it this year.  A one to two month hold.

Price:
$38.660
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Yes
2015-03-23 TOP PICK SPDR-Cons-Discretionary-ETF
XLY-N
Brooke Thackray

Has done well because of the under exposure to foreign exchange.  If we start to see it weaken in the next month it is time to move on.  A one to two month hold.

Price:
$76.640
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Yes
2015-03-20 TOP PICK CCL-Industries--B-
CCL.B-T
Norman Levine

(Top Pick Mar. 21/14, Up 48.83%) Canadian multinational.  Bought part of Avery last year and it turned out to be great.  95% of revenue is non-Canadian.  As customers around the world expand, they go with them.  Low multiple and the dividend grows a lot.

Price:
$136.050
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on EUROPE
Owned:
Yes
2015-03-20 TOP PICK Callaway-Golf
ELY-N
Norman Levine

It is a turnaround story.  The ones that do work usually take longer than people expect it to but the benefits are then usually bigger than people expect them to be.  Improved balance sheet, distribution, manufacturing, and product line and the company is gaining market share against the compeition.  Last year they were hurt by a bad winter and spring and half their revenue is outside the US so the strong US dollar has hurt them.

Price:
$8.580
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on EUROPE
Owned:
Yes
2015-03-20 TOP PICK SNC-Lavalin-Group-Inc.
SNC-T
Norman Levine

Highly volatile stock but everything in it is old news.  The latest thing to hurt them were criminal charges from the RCMP based on what happed to them in the past.  Canadian law states if you are a company and convicted, you can’t bid on government work forever.  The company has not been convicted yet.  This is an election year in Quebec and this is a Quebec company.  He thinks this law will likely be changed.  They raised their dividend and companies in trouble don’t raise their dividend.

Price:
$40.820
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on EUROPE
Owned:
Yes
2015-03-19 TOP PICK Constellation-Software-Inc.
CSU-T
Robert McWhirter

Record high today.  Has had an incredible run.  Growth is still impressive.  Organic and growth by acquisition.  3% free cash flow yield and 19% return on assets.  The stock is less volatility than others on the market.  20% growth expected this year and 22% next year.  1.14% dividend yield.

Price:
$446.000
Subject:
CANADIAN & TECHNOLOGY
Bias:
SELECTIVE
Owned:
Yes
2015-03-19 TOP PICK Harley-Davidson
HOG-N
Andy Nasr

Likes it because the valuation is a lot more compelling than it has been.  The stock came under pressure with concerns of a higher US weighted dollar.  He thinks the concerns are overblown.  It is consumer spending and household formation in the US that will drive it.  The entry point is very attractive.

Price:
$61.180
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
UNKNOWN
Owned:
Yes
2015-03-19 TOP PICK InterRent-REIT
IIP.UN-T
Andy Nasr

Likes the apartment sector in Canada.  Shorter leases and about 40% turnover so with inflation you can capture higher rates.  Rock solid balance sheet and they just made a major accretive acquisition – a redevelopment play.  You are buying at a discount and you will get dividend growth.  They make improvements and get above guideline rent increases.

Price:
$6.270
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
UNKNOWN
Owned:
Yes
2015-03-19 TOP PICK Ryder-System-Inc.
R-N
Andy Nasr

At a decent valuation and it touches every aspect of the US economy, which will do well.  It is an alternative to railway stocks.  They have a sizeable fleet.  They are the largest operator in the US.

Price:
$96.990
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
UNKNOWN
Owned:
Yes
2015-03-19 TOP PICK Tecsys-Inc
TCS-T
Robert McWhirter

Very illiquid stock.  Don’t rush out with market orders.  Keep orders under $10.  3.3% cash flow yield.  42% growth next year. 

Price:
$9.570
Subject:
CANADIAN & TECHNOLOGY
Bias:
SELECTIVE
Owned:
Yes
2015-03-19 TOP PICK Valeant-Pharmaceuticals
VRX-T
Robert McWhirter

Acquired Biovale.  3.4% free cash flow this year and 10% return on assets.  In the midst of acquiring a company that will be accretive to earnings so they grow 42% this year and 58% next year.  10.7 times PE.  If this performs as expected it will likely be the largest cap company in the index, surpassing Royal Bank.

Price:
$260.480
Subject:
CANADIAN & TECHNOLOGY
Bias:
SELECTIVE
Owned:
No
Showing 1 to 120 of 20,826 entries
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