stockchase picture

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

Recent Top Picks

Date Signal Company Expert Opinion Price
2015-01-23 TOP PICK Altagas-Ltd
ALA.PR.G-T
Randy LeClair

Preferred series G 4.75%. (ALA.PR.G-T). Energy pipeline. This is trading a little bit above par. It resets in 2019 and is 306 basis points, so you have the spread protection.

Price:
$25.500
Subject:
BONDS & PREFERRED SHARES
Bias:
UNKNOWN
Owned:
Yes
2015-01-23 TOP PICK Co-operators-General-Insurance-Co
CCS.PR.C-T
Randy LeClair

Preferred series C 5%. (CCS.PR.C-T). This can be redeemed in 2016 at $25. Currently trading at $24.31, below its par value. It gives you yield of 7.36%.

Price:
$25.000
Subject:
BONDS & PREFERRED SHARES
Bias:
UNKNOWN
Owned:
Yes
2015-01-23 TOP PICK Central-Fund-of-Canada-Ltd--A-
CEF.A-T
Jaime Carrasco

This is just bullion, gold and silver stored. A good play just on the commodity itself. 50% gold and 50% silver.

Price:
$16.620
Subject:
RESOURCE, UTILITY & REITs
Bias:
UNKNOWN
Owned:
Yes
2015-01-23 TOP PICK Dream-Office-REIT
D.UN-T
Jaime Carrasco

A good conservative company. Well-managed and a good dividend. Solid.

Price:
$27.280
Subject:
RESOURCE, UTILITY & REITs
Bias:
UNKNOWN
Owned:
Yes
2015-01-23 TOP PICK Emera-Inc.
EMA.PR.E-T
Randy LeClair

Preferred series E 4.5%. (EMA.PR.E-T). A perpetual, paying about $1.25 annually. Has current yield of about 4.8%. Currently trading at $23.45 giving you over a 5.5% yield if they take you out in 2023.

Price:
$24.000
Subject:
BONDS & PREFERRED SHARES
Bias:
UNKNOWN
Owned:
Yes
2015-01-23 TOP PICK RESASS-Services
RSS-CN
Jaime Carrasco

This is going to be the high-tech story in Canada. They developed a platform for real estate agents and have over 300,000 users now. The only problem with it was that it was not trading in the US, but it has now started trading there. Now a global operation. It’s illiquid.

Price:
$3.430
Subject:
RESOURCE, UTILITY & REITs
Bias:
UNKNOWN
Owned:
Yes
2015-01-22 TOP PICK Blackrock-Inc.
BLK-N
Stan Wong

Money manager, managing $4.6 trillion, $1 million which is in ETF’s. Holds a very enviable position in that fast-growing passive investing space, through the iShares franchise. Also, very strong in the fixed income business, which will attract assets given the aging demographics. 17X forward PE. Long-term growth is probably 10%-12%. Yield of 2.42% with probably a 10% growth rate.

Price:
$360.790
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-22 TOP PICK IGM-Financial-Inc.
IGM-T
David Cockfield

(Top Pick Jan 22/14, Up 12.14%) Benefited from currency fluctuations.  The technology sector runs a bit with the economy.  You need to get your US content up and this is a safe way to do it.  Good expense ratio.  A good solid way to participate in the US tech sector.  Broad diversification.

Price:
$44.820
Subject:
CANADIAN
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2015-01-22 TOP PICK Macys-Inc.--formerly-Federated-Department-Stores-
M-N
Stan Wong

Have both Macy’s and Bloomingdale brands. Extremely well-managed. They are executing very well within store, e-commerce and their marketing initiatives. Revenues are 100% from the domestic US market. The improving US labour market and lower energy costs means more money for consumers to spend. 13X forward earnings with 10% long-term EPS growth.

Price:
$65.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-22 TOP PICK Union-Pacific-Corp
UNP-N
Stan Wong

The largest rail transportation company in the US. They cover 22 states (2/3rds of the country) covering the west coast. Everything from coal, grain, food, auto parts, etc. You are seeing accelerating growth for the US economy. 1.67% dividend yield.

Price:
$119.830
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-22 TOP PICK Vangrd-Dividend-Appr.-E.T.F.
VIG-N
David Cockfield

Thinks the Canadian dollar will continue to be weak.  You should have some US participation in your portfolio.  It has all the big names in it.

Price:
$81.450
Subject:
CANADIAN
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2015-01-22 TOP PICK BMO-Low-Volatility-Cdn-Eqty-ETF
ZLB-T
David Cockfield

Very steady.  Good diversification.  A lot of individual stocks in it.  It works great.  It might lag in a hot market.  2015 will be volatile and this is a safe place to park your money.

Price:
$26.250
Subject:
CANADIAN
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2015-01-21 TOP PICK Crombie-Real-Estate-Investment-Trust
CRR.UN-T
Bruce Campbell (1)

Has lagged RioCan (REI.UN-T), he thinks because of liquidity. It has the Safeway acquisition, through its parent Empire Sobeys, which it has to refurbish, and will have above-average growth from them. The shipping contracts in Nova Scotia are finally being signed, and he thinks this company will be a beneficiary there as well. You get a 6.72 % yield in a lower rate environment.

Price:
$13.220
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-21 TOP PICK iShares-S-and-P-US-Preferred.-E.T.F.
PFF-N
Terry Shaunessy

Considers this to be fixed income.  It is investment grade preferreds.  This is always an overlooked category.  5.5% yield and no withholding tax in an RRSP. 

Price:
$39.710
Subject:
ETF's
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-01-21 TOP PICK Royal-Bank
RY-T
Bruce Campbell (1)

Has some US business, which is a benefit to them. This has pulled back an awful lot here, and discounted a lot of the capital markets side. The next couple of quarters won’t be great in that area, but will be a year from now. Dividend yield of 3.89%.

Price:
$76.610
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-21 TOP PICK SNC-Lavalin-Group-Inc.
SNC-T
Bruce Campbell (1)

This is a way to dip your toe into the energy sector without having to be in it directly. Has an asset value in the low $60’s. Thinks there is a transaction coming on the sale of the toll Highway 407 in the next 2-3 months where they will get something like $20 a share in cash. Energy exposure is about 15% of their business, through Kentz which they acquired last summer. The Kentz business has a huge backlog, which they are not seeing any decline in because they are long life, five-year projects. Yield of 2.31%.

Price:
$41.340
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-21 TOP PICK Vanguard-FTSE-All-World-ex-Canada
VXC-T
Terry Shaunessy

The entire world except Canada.  Great for diversifying outside of Canada.  Recommends 10-15% of a portfolio for this one.

Price:
$28.090
Subject:
ETF's
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-01-21 TOP PICK iShares-MSCI-Eur-IMI-Idx
XEU-T
Terry Shaunessy

Europe and the UK.  Financials, health care and consumer goods.  Pretty conservative sector tilt to it.  Almost 60% of it is in his 3 favourite countries.  The Canadian dollar is expected to lose ground against all three of those currencies, so no need to hedge.

Price:
$20.730
Subject:
ETF's
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-01-20 TOP PICK Boardwalk-REIT
BEI.UN-T
Paul Gardner, CFA

Was down about 15% because of the oil price decline, but is now back and is only down about 10% from its high. He added to his holdings on the downturn. One of the best management teams in the business. There is little to no vacancy in Calgary and Edmonton. Even if it slows down, there are still going to be rent increases, and there is no rent control in Alberta. They have a lot of capital sitting on the sidelines. Yield of 3.27%.

Price:
$62.430
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
UNKNOWN
Owned:
Yes
2015-01-20 TOP PICK DIRTT-Environmental-Solutions
DRT-T
Eric Nuttall

They do office customization including customized glass, drywall for hospitals. For offices, such as Google and Netflix, they customize to make them look really cool. One of the few organic growth stories in Canada. Organically growing their revenue by over 25%. Thinks they will earn about $0.20 this year and visibility is $0.30 next year. Just starting to hit the point where they are utilizing enough of their plant to get more margins, so there is potential they will exceed 50% EBITDA margins this year. Bidding on some contracts in Singapore and a few other countries. A huge play on the build out of the US housing market and office space. A cheap stock.

Price:
$4.180
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Yes
2015-01-20 TOP PICK PrairieSky-Royalty
PSK-T
Eric Nuttall

A royalty company, meaning that their cost structure is extremely low, less than $10 total cash cost per BOE. They don’t go out and drill. They have 3rd parties come on to their acreage and drill. This used to act like a defensive stock but is now acting more like a higher beta stock, because there is a growing Short that they are going to have to cut their dividend. This is a small possibility, but as long as the price of oil remains over $50, they can easily support their 5.21% dividend. Big inside ownership.

Price:
$24.200
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Yes
2015-01-20 TOP PICK Tricon-Capital-Group
TCN-T
Paul Gardner, CFA

He wants to own residential or rental in the US. This company has 3 main businesses. 1) Asset management, 2) single-family rental in mostly south west Florida and 3) Arizona. Trades at about 20% discount to its NAV, but 2 things are going to push at higher. 1) All their assets are in US dollars and 2) they are about to get cheaper financing through securitization. Good managers and good assets. This should be trading at around $10. Yield of 2.71%.

Price:
$8.870
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
UNKNOWN
Owned:
Yes
2015-01-20 TOP PICK Whitecap-Resources
WCP-T
Eric Nuttall

Have a really good hedge position and a very good balance sheet. Every single employee is a shareholder in this company. Have very good projects and can weather the storm and come out the other side is a stronger entity than they were heading into it. Can maintain flat production and pay a dividend of 6.82%, while spending only 90% of cash flow.

Price:
$11.010
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Yes
2015-01-20 TOP PICK Canadian-Satellite-Radio
XSR-T
Paul Gardner, CFA

Sirius XM US came out about a month ago and upped their guidance on earnings and on subscription. Canada always lags. This one really got washed out in 6 months. They missed their earnings and they have to incorporate the royalty fee of $1.50 for all their subscribers. They are merging their XM billing system and cutting CapX. Great free cash flow and it is cheap. Dividend yield of 6.72%. Over the long term, this is going to grow through the used car market.

Price:
$6.250
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
UNKNOWN
Owned:
Yes
2015-01-19 TOP PICK BCE-Inc.
BCE-T
Zachary Curry

Reached another all-time high today. This is moving more towards content. Made the Astral Media acquisition which is a move towards mobile, and that will increase the wireless data. A defensive name for a potentially volatile market. Yield of 4.33%.

Price:
$57.050
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-01-19 TOP PICK iShares-MSCI-Emerging-Market-ETF
EEM-N
Don Vialoux

Seasonality happens not just in North America, but around the world.  This one just completed a double bottom last week.

Price:
$39.490
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
BULLISH
Owned:
Unknown
2015-01-19 TOP PICK iShares-S-and-P-Europe-350-E.T.F.
IEV-N
Don Vialoux

Historically it does well from February until May, about a 10% gain.  Fiscal stimulus will aid this trend.  It will happen in Europe.  When this happens IEV-N will do very well. 

Price:
$42.300
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
BULLISH
Owned:
No
2015-01-19 TOP PICK India-Fund-Inc.
IFN-N
Zachary Curry

For a while India was struggling, but following the election, the stocks took off. They recently announced the lowering of the rates from 8% to 7.75%. The new prime minister really seems to be pro-business, pro-infrastructure and anticorruption. Growth forecasts are approaching China’s levels. There are also the demographics with their young middle class and growing 15% per year over the next 2 years. Trading at a bit of a discount to NAV.

Price:
$28.470
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-01-19 TOP PICK ETFS-Physical-Platinum-Shares
PPLT-N
Don Vialoux

Late December until April of each year is the period of seasonal strength.  The average is 12% upside.  Demand for platinum is increasing because of catalytic convertors.  Fuel cells in cars is starting to trend and creates demand for platinum.  It completed a beautiful double bottom pattern.

Price:
$122.800
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
BULLISH
Owned:
No
2015-01-19 TOP PICK Stanley-Works--The
SWK-N
Zachary Curry

(A Top Pick Nov 19/13. Up 15.6%.) Below market multiple, which he likes. Offers exposure to both the US housing market and renovations. It should benefit from the consumer spending increase that he feels is coming. Good dividend yield. Yield of 2.27%.

Price:
$91.830
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-01-16 TOP PICK Altagas-Ltd
ALA-T
Ryan Bushell

60% of their current business is power generation and distribution. They are actually a hybrid type of utility company and pipeline. Some of their future growth projects are related to LNG and natural gas, more so than oil. Thinks it has been treated unfairly. Dividend yield of 4.35%, and he is looking for another dividend increase this year of 10%-15%. A good long-term investment opportunity.

Price:
$40.660
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-16 TOP PICK Columbia-Banking-System-Inc
COLB-Q
Kash Pashootan

The idea is to take advantage of where the consumer is going to be growing. They are going to be going to their local bank to get a new credit card, increase their mortgage, borrow against their home or get a car loan. The bank stands to benefit from this. This bank is primarily in the right regions, Pacific Northwest, which would include Seattle, Washington and Portland. All 3 were in the top 10 list of fastest growing regions in the US. There is growth in terms of population, income and employment. Dividend yield of 2.55%.

Price:
$25.610
Subject:
NORTH AMERICAN - LARGE - DIVIDEND
Bias:
DEFENSIVE
Owned:
Yes
2015-01-16 TOP PICK Cenovus-Energy
CVE-T
Ryan Bushell

(A Top Pick Jan 15/14. Down 13.51%.) He is trying to look at what he wants to own for the long-term. This has underperformed in the last couple of years. Represents a good investment opportunity for the real, long-term investor. Good quality assets and a good quality management team. Yield of 4.32% is pretty safe.

Price:
$24.640
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-16 TOP PICK GameStop-Corp.
GME-N
Kash Pashootan

The stock ran up considerably. In 2013 it was up 100% and had moved up in anticipation of the new Sony and Xbox consoles coming out. It ran up too much and spent last year playing catch-up when the stock was down about 30%. Although it declined in 2014, the fundamentals of the company actually improved. They diversified their income stream from solely being dependent on the gaming market and are now moving into the mobile market. They acquired 46 outlets of Simply Mac, which sells Apple products. They have Cricket and Spring Mobile, which are pre-paid and post-paid AT&T phones and services. Very clean balance sheet with very little debt, about $4 million. Dividend yield of 3.72%.

Price:
$36.350
Subject:
NORTH AMERICAN - LARGE - DIVIDEND
Bias:
DEFENSIVE
Owned:
Yes
2015-01-16 TOP PICK Novo-Nordisk
NVO-N
Kash Pashootan

Largest manufacturer of insulin products with margins that double its competitors. In over 180 countries. They have the largest market share in diabetes care as well as the broadest portfolio of diabetes products. He sees significant growth in this space. Diabetes has grown at 11% per year for the last 10 years, and it is projected that by 2035 there will be 2 times the amount of people globally that have diabetes. The fastest growing region for diabetes cases is in the emerging markets. Dividend yield of 1.9%.

Price:
$44.290
Subject:
NORTH AMERICAN - LARGE - DIVIDEND
Bias:
DEFENSIVE
Owned:
Yes
2015-01-16 TOP PICK Sunlife-Financial
SLF-T
Ryan Bushell

Stock has been performing pretty well. Came off recently with the recent interest rate move. 10 year rates to the downside hurts insurers short term. Longer-term he believes that interest rates will rise, which will benefit these companies. Also, with demographics being the way they are, there is more demand for financial and retirement products, and insurance companies are good with these types of products. Expects them to continue having good growth. Their division in the US is doing well on the asset management side. Yield of 3.84%.

Price:
$37.470
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-15 TOP PICK Apple
AAPL-Q
Gordon Reid

(A Top Pick Jan 29/14. Up 52.46%.) Trading at 13.8X what he expects to earn by September 2015. The iPhone 6 was probably one of the most successful product launches of all time. A very high margin piece of business. The mix for this company is very favourable, because the iPhone is a very high margin product, and as it becomes a larger and larger percentage of the total, their gross margins of the company will rise. He expects over 40% of gross margin will lead to a surprise on the upside in terms of earnings. Producing an enormous amount of cash and most of it they are banking. They really can’t keep up with the amount of cash coming in, although they are paying a very fine dividend and are buying back about 6% of the float per year. The iWatch and the ApplePay are the innovation side. Yield of 1.76%.

Price:
$106.820
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-15 TOP PICK Johnson--and--Johnson
JNJ-N
Michael Bowman

This is the perfect storm.  Aging population.  Consumer products, medical devices and their HEP-C drug.  Fantastic pipeline.  14.9 times earnings which is well below peers.  2.73% yield.  Support levels at 200 day moving average of $102.46.  Put a stop loss there.

Price:
$102.490
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
Bullish on Canadian Equities
Owned:
Yes
2015-01-15 TOP PICK Nasdaq-Stock-Market
NDAQ-Q
Gordon Reid

Volatility and volume is how NASDAQ makes its money. He expects that 2015 will be a return to a normal type of market, which will lead to more volatility and higher volumes, and this will be a beneficiary of that. They have expanded through their OMX purchase into Europe and Scandinavia in particular. Growing earnings quite quickly through internal efficiencies. Yield of 1.31%.

Price:
$45.760
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-15 TOP PICK Nike-Inc
NKE-N
Michael Bowman

Catalysts are the marketing and the brand.  The growth will be in China.  Earnings blew the doors off.  They are close to support levels.  87.59 would be the stop level.

Price:
$92.810
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
Bullish on Canadian Equities
Owned:
Yes
2015-01-15 TOP PICK PepsiCo
PEP-N
Michael Bowman

Activist investors are trying to split them up.  11 of the top selling products in convenience stores are Pepsi products.  They are the largest food and beverage distributor in Russia.  $93.50 would be the stop.

Price:
$96.670
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
Bullish on Canadian Equities
Owned:
Yes
2015-01-15 TOP PICK Walgreens-Boots-Alliance
WBA-Q
Gordon Reid

The company is doing very well. The back part of the store is the pharmacy area. Obama care leads to many more insured which leads to many more drugs being dispensed, which is a very profitable part of their business. Have gone into a joint venture with AmerisourceBergen (ABC-N), a generic distributor, which allows them to source these drugs much more efficiently and effectively. Thinks they will earn 360 this year and 440 next year. Yield of 1.81%.

Price:
$74.780
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-14 TOP PICK Cineplex-Inc
CGX-T
Michael Decter

They have built a spectacularly successful business. Even though the box office was down a little last year, they did well because they’ve created theatres with restaurants and you can buy wine/beer. They have turned a $9 ticket into an adventure in dining and entertainment. Dividend yield of 3.35%.

Price:
$44.900
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Yes
2015-01-14 TOP PICK Walt-Disney
DIS-N
Michael Decter

A spectacular company. Have turned Marvel comics into a series of stunningly successful movies. Also, likes this as a play on lower gasoline prices for their parks. Extremely well-managed company. Animations have been stunningly popular with kids. They have a huge, huge treasure trove in Marvel characters to bring to the screen over decades. Dividend yield of 1.22%.

Price:
$94.230
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Yes
2015-01-14 TOP PICK Diversified-Royalty-Corp.
DIV-T
Bruce Campbell (2)

This is in the restaurant business right now, but they are going out and building a multi-royalty stream company. They’ve done their 1st deal where they bought a royalty stream from the Franworks Company in Calgary. He thinks they are probably going to execute on a few more deals and it is just a matter of time. Raised some cash in the fall, so they have a war chest of cash. Operating costs are all paid for by the Franworks deal, so anything they tack onto the next deal will end up as an increase to the dividend. Dividend yield of 7%.

Price:
$2.470
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-01-14 TOP PICK Lions-Gate-Entertainment
LGF-N
Michael Decter

This company has gotten into television in a big way. TV has become more important again and people are spending tens of millions of dollars on TV series. He likes the content producers. They are hard to replicate. Dividend yield of 0.94%.

Price:
$29.370
Subject:
CANADIAN LARGE
Bias:
BULLISH
Owned:
Yes
2015-01-14 TOP PICK Nobilis-Health-Corp
NHC-T
Bruce Campbell (2)

They have hospitals in the US, and specifically focus on a few different areas. Spine surgery and knee surgery are 2 of their specialties. Just recently made an acquisition of a company that does the marketing for the hospitals. A lot of these hospitals are started by doctors, and they really don’t have strong business sense, so Nobilis buys the hospitals back from the doctors and partnerships with them. They are seeing increased revenue and increased cash flow and earnings. Just had a pre-announcement of their numbers this week, and the numbers were fantastic. Feels there is lots of runway for them to go.

Price:
$4.030
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-01-14 TOP PICK Patient-Home-Monitoring
PHM-X
Bruce Campbell (2)

A growth by acquisition story, but also an organic growth story. He finds it really exciting that they are able to do acquisitions but also grow organically. Last quarter indicated that they are growing organically by more than 20%. In the last 3-4 weeks, they have announced 2 more acquisitions and have 20 more LOIs (Letters of Intent) that they are working on. He is expecting there will be more acquisitions. Just announced they have a $50 million annualized run rate on their revenue. They are now starting to get into bigger and bigger deals. The thought is that they are going to have excess cash flow and they are going to be paying a dividend fairly soon.

Price:
$0.830
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-01-13 TOP PICK Canadian-Pacific-Rail
CP-T
Paul Taylor

This has longer-term visible growth with numerous drivers from the top line along with expense control. Management is looking for 81 initiatives to get the operating ratio down to the low 60s/high 50s. They are looking at a growing their top line through 2018. Dividend yield of 0.66%.

Price:
$211.590
Subject:
CANADIAN LARGE & GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-13 TOP PICK Descartes
DSG-T
Paul Taylor

Sees continued growth in this. Have good order systems for delivering products on time. This is a continued earnings growth story. Well positioned for the focus on logistics. Lots of organic revenue growth potential.

Price:
$18.390
Subject:
CANADIAN LARGE & GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-13 TOP PICK Element-Financial
EFN-T
Paul Taylor

A Canadian based equipment leasing company. They lease into the fleet business of cars and trucks, aviation, rail cars etc. Have been diligently working to build their portfolio and is on the cusp of going through $15 billion towards $20 billion. Earnings year-over-year are going to move from $.35 to about $1. The BV, which is just under $10, is moving up fairly significantly. They are also cutting their costs.

Price:
$13.990
Subject:
CANADIAN LARGE & GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-13 TOP PICK Google
GOOGL-Q
Christine Poole

90% of their revenues come from online advertising. They are the leading search engine globally. The stock did nothing in 2014 and the valuation came down. Trading at about 17-18 times forward earnings, very much in line with where she sees their earnings going over the next 2-3 years. There is still a lot of room for online advertising to grow.

Price:
$501.800
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-13 TOP PICK Toronto-Dominion
TD-T
Christine Poole

Likes banks as a group. Have made various acquisitions in the US over the last few years, so they have a nice presence in the states, which is about 21% of their profits. Has one of the lowest exposures to energy in the group. They have a 40%-50% target payout ratio. Based on the current dividend that is in place and the earnings expected this year, the earnings ratio is about 41%. This tells her there are going to be dividend increases of 6%-8%. Trading at about 11.5X forward earnings and ROE is in the high double digits. Yield of 3.62%.

Price:
$51.950
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-13 TOP PICK Wells-Fargo
WFC-N
Christine Poole

High-quality bank with a proven track record of growing its profits and raising its dividend. Focused on credit quality. On price performance over 5-10-20 years this is in 1st or 2nd place. Feels they are going to benefit from an improving US economy and eventual rising interest rates. The leading residential mortgage player out there as well as a top auto, small business and midmarket lender, so as the economy improves, loan growth will start to improve. Yield of 2.7% and feels that they will get approval to keep on increasing this. Trading at an attractive multiple of about 12 times forward earnings.

Price:
$51.850
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-12 TOP PICK Brookfield-Asset-Management--A-
BAM.A-T
Barry Schwartz

He wants to invest with the smartest guys on Bay Street, and that’s who these people are. They are predicting that in the next 10 years they will triple their NAV, by getting more real assets and more fee bearing capital. Dividend yield of 1.25%.

Price:
$61.340
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-01-12 TOP PICK BB-and-T-Corp.
BBT-N
Norman Levine

He looks at valuations and geographical locations.  Some regions are doing better economically.  They are in North Carolina, and the US east coast.  Has a very big consumer bend to it and a lot like the Canadian banks.  He likes the outlook for it.  Loan growth should be increasing.  It should have better earnings and dividend growth and little exposure to the two energy markets.

Price:
$36.490
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-01-12 TOP PICK BankUnited--Inc
BKU-N
Norman Levine

He is doubling up on his position.  Operations in Florida and New York.  It basically went under in 2008 and was bought and recapitalized.  It is a commercial bank.  Florida and New York city are good areas for this.

Price:
$27.130
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-01-12 TOP PICK General-Motors-Corporation
GM-N
Barry Schwartz

Stock has been hit because of the lawsuits and all the issues that are going on, but he sees a better year in car sales in 2015, and this company increasing its market share and improving sales outside of North America. Low gasoline prices and low interest rates help spur car sales. Dividend yield of 3.35%.

Price:
$35.840
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-01-12 TOP PICK Home-Capital-Group
HCG-T
Barry Schwartz

This has been hit lately. It is always easy to be Short or be negative on a narrative. The narrative is “Canadians have too much debt, the housing market is overvalued, and with oil and gas going down, etc., etc., so Short banks and this company.”. Has heard this story every year for13-14 years. As interest rates go low, people can carry more debt. At the end of the day, you are not paying a high valuation. They have delivered double-digit growth pretty much every single year since it existed. Yield of 1.91%.

Price:
$41.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-01-12 TOP PICK Vodafone-Group-PLC
VOD-Q
Norman Levine

The attraction now is that in Europe telcos are starting to be able to raise their rates.  African and Asian businesses are getting better.  Earnings growth will be more than for domestic telcos. 

Price:
$34.320
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-01-09 TOP PICK Artis-Real-Estate-Investment-Trust
AX.UN-T
Andy Nasr

A great buying opportunity. Trading at a 15% discount to NAV. Everyone is throwing up their arms saying there is an excess supply in Calgary and low commodity prices are really going to hurt them. If you drill down into the numbers, their Western Canada exposure is significant, but the Calgary office exposure is very limited, at less than 15% of their net operating income. The offshoot is that they have a whole bunch of US exposure, about 25% of their net operating income, which is really benefiting from the appreciation of the Cdn$. Payout ratio is about 85%. Internally managed. 7% yield.

Price:
$15.350
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
BULLISH
Owned:
Yes
2015-01-09 TOP PICK Bank-of-America
BAC-N
Rick Stuchberry

(A Top Pick Jan 23/14. Up 1.44%.) Thinks he was early on this. They are going through their model and are fixing the things that need to be fixed. The market is not prepared to reward them yet. On every quarterly conference call he thinks it will be the last time they have to pay a fine or litigation of some kind, but then there is another one. He thinks they are now at the end of that process and they were just allowed their 1st dividend increase in the last quarter.

Price:
$16.980
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-01-09 TOP PICK Capital-One-Financial-Corp
COF-N
Andy Nasr

This is a play on an increasing consumer spending and loan growth. It has been really hard for the US consumer to get a loan unless they had a pristine credit score. Credit card defaults and mortgage defaults have been the lowest they have ever been. Credit scores at origination have been as high as they have ever been. Eventually, as unemployment continues to get wound down and as consumers feel better because consumer confidence is high, there should be an acceleration of borrowing which plays right into this company. Valuation is reasonable and the balance sheet is in good shape. You should see outsized dividend growth going forward as they start to execute on their buybacks and return capital to shareholders. Credit card receivables in the US are still 15% lower than they were in 2007. Yield of 1.5%.

Price:
$79.370
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
BULLISH
Owned:
Yes
2015-01-09 TOP PICK Google
GOOGL-Q
Rick Stuchberry

This correction that the stock has had gives you an opportunity to get a high-quality growth stock. He looks at this as an opportunity to at least get positions started on a stock that has been a long-term winner for a very long time.

Price:
$500.720
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-01-09 TOP PICK Manulife-Financial
MFC-T
Rick Stuchberry

When you are given an opportunity when a stock pulls back for you, you should take advantage of it. Has a good yield of 2.91%. Lifecos look better than banks at this time. If there is a lift in interest rates, there are a few stocks that might benefit from that, and this would be one of them. Has good exposure in Asia. He could see some dividend increases in the next little while. Have all the ingredients that he likes to see. A solid investment where you will be able to sleep at night.

Price:
$21.320
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-01-09 TOP PICK Starbucks
SBUX-Q
Andy Nasr

When looking at US dividend growers and dividend payers, you want stocks that have good predictability of income as well as being a good secular growth story. This is exactly what this one is. Expects there will be operational efficiencies in the next year. They are going to benefit as they expand into other geographies. About 75% of their income comes from North America and you really haven’t seen that coffee culture develop in emerging markets. That will coincide with a big increase in the low to middle income households. Valuation is reasonable. Thinks they will be able to deliver 20% growth across the board longer-term. Yield of 1.61%.

Price:
$79.790
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
BULLISH
Owned:
Yes
2015-01-08 TOP PICK iShares-Xinhua-China-25-ETF
FXI-N
Hap (Robert) Sneddon FCSI

This is an ugly looking chart and we are at the tail end of a long slide that went back to 2007-2008. Chart shows that it has moved into an encouraging higher range in the last few months. It also ranks very well and is at the top of his heat mapping, which compares all the countries in the world where you can invest. There have been a lot of slow downs in housing, exports, etc. In a population of 350 million, there is a middle-class being created. This is probably something you would hang on to for 5-6 years with a little bit of volatility.

Price:
$42.440
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-01-08 TOP PICK Intel
INTC-Q
Brian Acker, CA

Coming out with more chip products.  40% model price differential.  30-40% upside.  2.6% yield.

Price:
$36.690
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US LARGE CAPS
Owned:
Yes
2015-01-08 TOP PICK Potash-Corp-of-Saskatchewan
POT-T
Hap (Robert) Sneddon FCSI

There was a big drop in 2013 due to the cartel breakup. It might be a shorter term trade, but is scores very well. Dividend yield of 3.84%.

Price:
$43.140
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-01-08 TOP PICK Wal-Mart-Stores-Inc.
WMT-N
Brian Acker, CA

His number 1 position.  Consumer discretionary.  With the cut in oil prices it will benefit.

Price:
$90.470
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US LARGE CAPS
Owned:
Yes
2015-01-08 TOP PICK SPDR-Consumer-Staples-ETF
XLP-N
Hap (Robert) Sneddon FCSI

This one just scores very, very well. He feels that if the US$ gets a bit weaker, this will probably do a little bit better because they are multinationals in there.

Price:
$49.510
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-01-08 TOP PICK Exxon-Mobil
XOM-N
Brian Acker, CA

The best managed company over the last 30 years.  At a valuation low, going back to 1994.  Other companies’ pain is this company’s gain. 

Price:
$92.230
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US LARGE CAPS
Owned:
Yes
2015-01-07 TOP PICK Canadian-Natural-Rsrcs
CNQ-T
Michael Sprung

Over the years, this has been a stock that he has never been able to afford, because on a multiple level it just looked so expensive relative to the others. It has now come off with the group and provides an opportunity. You want to buy the healthy and the strong companies that are able to take advantage of some of the weaker companies that may get into trouble. This is an enviable company from its management and its properties. Yield of 2.8%.

Price:
$32.180
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-01-07 TOP PICK Manulife-Financial
MFC-T
Michael Sprung

Continues to like this at these levels. Has totally transformed itself since the financial crisis when they had to cut their dividend. Since then they have de-risked their balance sheet, transformed their business and are selling less equity sensitive products. They are less dependent on insurance products and getting more and more into wealth product. Just before Christmas, they acquired the retirement plan services businesses from New York Life in return for New York Life re-insuring a portion of their book of insurance in the US. They are going more and more into wealth management, retirement planning and more fee-based businesses. Yield of 2.92%.

Price:
$21.260
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-01-07 TOP PICK New-Flyer-Industries-Inc.
NFI-T
Michael Sprung

Pretty much the North American premier bus manufacturer. Have operations in both the US and Canada. They deal in parts and services as well as bus manufacturing. If you are looking at the health of the US economy today, which is quite strong, it is going to allow a lot of municipalities with higher tax revenues, to look at upgrading their bus fleets. This company will be a beneficiary of that. Yield of 4.45%.

Price:
$13.160
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-01-07 TOP PICK Toro-Oil--and--Gas-Ltd
TOO-X
Bill Bonner

A brand-new entrant to the Street. Management has been out of the market for a couple of years. They financed themselves and recently made an acquisition of an underutilized Viking oil pool that has about 300 million barrels of oil in place. Adjacent fields have recovery factors of 20%-25%. So far 5% of the oil in place has been recovered. If they can get an additional 10% recovery, that is 30 million barrels of oil. There is huge leverage in this name. What he really likes about the asset is that the oil pool is gas driven, not water driven. There are 60 sections of land in the pool and they own 100% of it. On every section there are 2 gas injection wells. They have to pull the gas out of the oil and reinject it, so all those costs are sunk. Because of this, the exploitation of this is going to be fairly seamless and going to be self financing with not very much capital.

Price:
$1.000
Subject:
CANADIAN ENERGY
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-07 TOP PICK Tourmaline-Oil-Corp
TOU-T
Bill Bonner

This is a bellwether stock and is held universally across all energy portfolios. This is a classic scenario where they have always surprised the market with their consistent performance. At year-end they again eclipsed the guidance on the street in terms of their production levels. A 150,000 BOE’s a day company. When this market turns, and it will, this is one of the names that is going to rally first. Buy on weakness. They have hedges in place that makes their budget pretty solid.

Price:
$37.330
Subject:
CANADIAN ENERGY
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-07 TOP PICK Tamarack-Valley-Energy
TVE-X
Bill Bonner

Another example of a business that has continued to surpass the market’s expectations. Had 11 quarters in a row where they beat the estimates on the street. Made an acquisition earlier in the year that was financed higher than today’s stock price. Low operational costs. Little to no debt. Well financed acquisition at Wilson Creek in September set the stage for continued growth.

Price:
$3.140
Subject:
CANADIAN ENERGY
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-06 TOP PICK CAE-Inc
CAE-T
Bill Carrigan

(A Top Pick Sept 16/14. Up 12.47%.) This late in the cycle, he is a believer in sticking with a dominant theme, which in this case is healthcare and aerospace. Feels that aerospace is a long-term theme. Chart shows multiyear highs, so if it breaks above $15.50 in volume, then it is blue sky.

Price:
$15.070
Subject:
TECHNICAL ANALYSIS
Bias:
BEAR on ENERGY
Owned:
No
2015-01-06 TOP PICK Granite-REIT
GRT.UN-T
Jim Huang

They were pretty much 100% a Magna property, which brings risk, but they have a great balance sheet, about half the leverage of the average REIT. The trick here is to add acquisitions, adding property other than Magna to reduce the risk profile and increase the distribution. As long as they can continue to execute and buy more properties at the right price, you see the dividend continued to increase. Yield of 5.31%.

Price:
$43.430
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-06 TOP PICK Knight-Therapeutics
GUD-T
Bill Carrigan

He likes the healthcare sector and the smaller healthcare stocks. This has a decent chart and is fairly liquid. The chart shows a series of higher lows. In spite of a nasty market today, this stock is still above its price range. This is under owned and a good place to be in a market environment like this.

Price:
$7.180
Subject:
TECHNICAL ANALYSIS
Bias:
BEAR on ENERGY
Owned:
Yes
2015-01-06 TOP PICK Suncor-Energy-Inc
SU-T
Jim Huang

Oil prices could have some downside here in the next 3-6 months, so you need to be careful how you add to your holdings. If you agree with his long-term view that oil prices should be $80 plus, this is the premium oil sands operator in Canada. Of course if you have an oil price of $50, there is not going to be any more oil sands projects and, in fact, it will be a struggle to breakeven. However, this company’s cash costs are around $30-$40, so it is still making cash. Also, they have the refining and marketing segments, which are taking advantage of the low oil prices. Good balance sheet so they can take advantage of acquisitions. Dividend yield of 3.18%.

Price:
$35.230
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-06 TOP PICK Tricon-Capital-Group
TCN-T
Jim Huang

(A Top Pick Dec 2/13. Up 17.48%.) Buying up properties in the US is their most notable business along with rental housing, so the timing was good. At some point they will sell their portfolio for a gain. A shorter term catalyst is the development of new real estate projects. Expects there are some catalysts coming up in this area. Well-managed company.

Price:
$8.530
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-01-06 TOP PICK Western-Forest-Products-Inc.
WEF-T
Bill Carrigan

Lumber is one of the few commodities that is operating countercyclical to the broader global commodity basket. Lumber put in a long-term bottom in 2008, so the current bull in lumber is relatively new. The sector is buoyant. This company has a good looking chart and is currently trying to make new highs. A good place to hide. Also, keep an eye on the ETF iShares S&P Global Timber & Forestry (WOOD-Q).

Price:
$2.650
Subject:
TECHNICAL ANALYSIS
Bias:
BEAR on ENERGY
Owned:
No
2015-01-05 TOP PICK Barrick-Gold
ABX-T
Ross Healy

Of all of the gold stocks that he follows, this one has the most upside potential. Stock is very cheap. Trading at a slight discount to its BV, and historically that has been a pretty good time to buy it. Right now it has its issues with Pascua Lama, but they have a nice spread of mines and it is earning money, which many gold companies are not. This is a good time to buy. Dividend yield of 1.75%.

Price:
$12.810
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2015-01-05 TOP PICK Cisco
CSCO-Q
Ross Healy

In the high technology area, the world is kind of migrating into the cloud, so he needed to find a high-tech company that has big exposure to cloud computing and that is also cheap. Lots of upside. The business is interesting and is growing. He also likes the exposure to the US. It is quite possible for the growth to start to accelerate and investor interest might start to accelerate also. Yield of 2.81%.

Price:
$27.060
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
No
2015-01-05 TOP PICK Delta-Air-Lines-Inc
DAL-N
Peter Mann

About 2/3rds hedged in oil that ends at the end of this year.  They have not massively added to supply which has been the killer for the industry. 

Price:
$0.620
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2015-01-05 TOP PICK Laurentian-Bank
LB-T
Ross Healy

Stock is cheap and has a nice dividend yield of 4.42%. It is cheaper than all the other banks by a massive amount. Also, it is not as profitable as the rest of the banks, but you are making up for that by paying a huge discount. It has the most upside potential of the 8 Canadian banks. This is one that you just put in your portfolio and forget about it.

Price:
$49.680
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
No
2015-01-05 TOP PICK Madison-Square-Garden--D-
MSG-Q
Peter Mann

There is a potential for a break up of assets.  The jewels are the networks.  They have the third highest affiliate fee in the US.  Sport networks MSG and MSG+.  You will get more revenue from Madison Square Gardens since the 3 year renovations are now done and caused 5 month closures each year.

Price:
$74.140
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2015-01-05 TOP PICK Oaktree-Capital-Group
OAK-N
Peter Mann

Brilliant investors.  Great track record.  Very low multiple compared to peers.  4.57% dividend.  Returns are the envy of the industry.

Price:
$54.370
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2015-01-02 TOP PICK Catamaran-Corp
CCT-T
Robert McWhirter

A pharmacy benefits management company. Basically provides transparency for companies and communities that are looking to end up reducing drug costs. They cover 350 million prescriptions each year across 32 million members. Produces significant free cash flow. Earnings are expected to grow by 21%, and then accelerate to 34% in the coming 2 quarters. Stock appears to be breaking out of a 3 years sideways trading band.

Price:
$61.440
Subject:
CANADIAN & TECHNOLOGY
Bias:
CAUTIOUS
Owned:
No
2015-01-02 TOP PICK Celestica-Inc
CLS-T
Robert McWhirter

This is cheap at 6.3X enterprise value to EBITDA. 13% ROE forecasted for 2015. Has over $500 million in cash, which is about 27% of their market value. Huge free cash flow generator of over $164 million over the last 12 months, and an 8% free cash flow yield. Thinks it is breaking out. Above $14 is the point where, on large volume, you wait for that and then be an aggressive buyer.

Price:
$13.800
Subject:
CANADIAN & TECHNOLOGY
Bias:
CAUTIOUS
Owned:
No
2015-01-02 TOP PICK Lazard-Ltd
LAZ-N
John Stephenson

This is an investment bank and an asset manager. A high margin business. A very scalable business. Thinks the US is the place to be.

Price:
$50.130
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Yes
2015-01-02 TOP PICK Lightstream-Resources
LTS-T
John Stephenson

SHORT. This has come down a lot already and he thinks it continues to drift down to $0.20, and maybe even lower. Their big problem is that they have a lot of debt. They are trying desperately to shore up their balance sheet and sell their south east Bakken lands, with no real luck. Debt to cash flow is 7.1X. Have already slashed their CapX budget by 61% and the dividend by 63%.

Price:
$1.230
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Yes
2015-01-02 TOP PICK Sandvine-Corp.
SVC-T
Robert McWhirter

Deep packet inspection. They literally look at every packet that whizzes through the Internet, so they can figure out whether it is voice, video or data. This allows carriers to decide how much to charge clients. The industry is moving to a much faster delivery method from both 10 and 40 gig up to 100 gig. Have $162 million in cash. This is a free cash flow generator with a 5.5% free cash flow yield. 19% ROE is forecasted. Looks cheap at 7.5X enterprise value to forecast cash flow, which is expected to grow at 32%.

Price:
$3.300
Subject:
CANADIAN & TECHNOLOGY
Bias:
CAUTIOUS
Owned:
No
2015-01-02 TOP PICK Savanna-Energy-Services
SVY-T
John Stephenson

SHORT. The biggest problem is the quality and type of rigs it has. Very few long-term contracts to the rigs.  Shallow rigs. Oil/gas drilling in Western Canada is largely deeper and more complex. They only have 2 of the triple type rigs, which are the most popular. Their fleet is just not purpose ready and the market is drying up. In a downward market, these are the first guys to get axed.

Price:
$3.470
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Yes
2014-12-31 TOP PICK Bank-of-America
BAC-N
Paul Harris, CFA

0.8 times book, not at a high PE.  10 times earnings.  Legal issues have gone away.  10% of all deposits within the US.  Thinks there will be a lot more M&A and so they will do well.  Great card business.  Sold off non-core assets.  Management has done a great job. 

Price:
$17.890
Subject:
NORTH AMERICAN/GLOBAL
Bias:
Bullish on Canadian Equities
Owned:
Yes
2014-12-31 TOP PICK HBP-S-and-P-TSX-60-Index-ETF
HXT-T
Don Vialoux

The best time to own Canadian stocks relative to US stocks is right around the middle of December through until the middle of March each year. This year in particular looks interesting, because we have seen the TSE Composite slightly outperform the S&P during the last couple of weeks. Of greater importance is the earnings reports coming out during the 4th quarter, where results from the major US companies are not going to be that great.

Price:
$27.250
Subject:
SEASONAL & TECHNICAL
Bias:
UNKNOWN
Owned:
Yes
2014-12-31 TOP PICK Microsoft
MSFT-Q
Paul Harris, CFA

Have great products.  They are undervalued.  Great dividend yield.  Great margins.  Lots of cash.  Management has done good things.  Thinks they will be more innovative down the road.

Price:
$46.450
Subject:
NORTH AMERICAN/GLOBAL
Bias:
Bullish on Canadian Equities
Owned:
Yes
2014-12-31 TOP PICK Qualcomm
QCOM-Q
Paul Harris, CFA

A leader in their industry.  Well developed road map on the technology side.  Can grow EPS by over 10% in the next years.  Lots of cash and they will be buying back shares and increasing the dividend.  It is effectively a royalty company and China has hurt them.  Over the long term they should do very well, however. 

Price:
$74.330
Subject:
NORTH AMERICAN/GLOBAL
Bias:
Bullish on Canadian Equities
Owned:
Yes
2014-12-31 TOP PICK Global-X-Silver-Miners
SIL-N
Don Vialoux

Silver is going through a period of seasonal strength. It has 2 periods of seasonal strength. Usually from July right through until October of each year, but the greatest of all is from the beginning of December right through until the beginning of April. This has been trading in a range between $8.20 and $10.30 over the last 6 weeks. A break above that $10.30 level is where we are going to get the nice pop in the stock.

Price:
$9.260
Subject:
SEASONAL & TECHNICAL
Bias:
UNKNOWN
Owned:
No
2014-12-31 TOP PICK ETFS-White-Metals-Basket-Trust
WITE-N
Don Vialoux

1/2 silver, 1/3 platinum and 1/6th palladium. Technically the sector has been performing a nice little base pattern, and looks like it is ready to move higher. A move above its trading range will set the stage for a significant move on the upside. Demand for silver, platinum and palladium is increasing in the summer time. The demand for platinum and palladium comes from the auto industry for catalytic converters. Demand for autos in the US next year is expected to go from 16.8 million to 17.5 million.

Price:
$33.300
Subject:
SEASONAL & TECHNICAL
Bias:
UNKNOWN
Owned:
No
2014-12-30 TOP PICK Clearwater-Seafoods-Inc.-
CLR-T
Jerome Hass

The number 1 player in North America in terms of quotas for shellfish. Also, not a well covered name with only 2 analysts covering it right now. There is a growing trend towards shellfish, both in North America and globally. Making significant inroads in Asia. Also, there is the scarcity value. In some of the species they are in, they “actually have 100%” in Canada. The fishing industry is generally a “mom and pop” industry, in this company it is now of a sufficient size that they can afford to make some of the investments in large boats that dramatically improve their efficiency. Trading at about 9.5 X EBITDA. Dividend yield of 1.08%.

Price:
$11.690
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-12-30 TOP PICK EnerCare-Inc
ECI-T
Jerome Hass

Long.  A Pairs trade with a Short on Just Energy (JE-T). This company rents water heaters, primarily in southern Ontario. A very stable business. Had some attrition issues in the past that have been addressed, partly through legislation that has gone through.  The overaggressive seller is Just Energy. What he really likes about this is that it is inexpensive and trading at 8.5X EBITDA, which is a discount to its peers at about 10X. Payout ratio is about 50% next year. Yield of 5.01%.

Price:
$14.500
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-12-30 TOP PICK 1st-TrHealth-Care-ETF
FXH-N
John Hood

This is the US version, but there is also the Canadian version FT AlphaDEX US Health Care (FHH-T). He read an article where they did an extensive analysis of this and the methodology, and it has really outperformed all the others in the group over a five-year period. The only thing you have to remember with any rules based, you are paying a price for it of 65 or 70 basis points, as opposed to 5, 10 or 15.

Price:
$60.860
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH
Owned:
No
2014-12-30 TOP PICK Just-Energy-Group
JE-T
Jerome Hass

Short. A Pairs trade with a Long on Enercare (ECI-T). They are selling a very stable part of their business, water heaters, which was their most profitable and stable business. The real issue is what is their business? They are door-to-door salesman of energy products, but it seems to be continually evolving. There is also the issue of the attrition rate. Last quarter they were losing 15% of their clients, which means that every year they have to find 15% of their existing base just to stand still. Not a very sustainable business model. Yield of 8.32%.

Price:
$6.000
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-12-30 TOP PICK Shawcor-Ltd.--A-
SCL-T
Jerome Hass

#1 player globally in pipeline coatings. Has come off about 27% from its peaks in the summer, so is about 12.5X PE, which is very attractive. 7X EBITDA. Even if you are very bearish on the oil/gas sector, this is probably one of the last stocks you should be selling. A great, long term holding. As some point this is going to be a take out candidate. Yield of 1.43%.

Price:
$42.450
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-12-30 TOP PICK SPDR-Technology-ETF
XLK-N
John Hood

People think that the Tech sector has run ahead of the S&P, but it really hasn’t. Apparently it is just 1 year out of 3 that it has gotten ahead.

Price:
$41.810
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH
Owned:
No
2014-12-30 TOP PICK BMO-US-High-Dividend-Covered-Call-ETF
ZWH-T
John Hood

Covered Calls are one of his favourite vehicles. He uses them for about 10% of the portfolio, because the returns on fixed income are so meagre. This is usually pretty close to 5.5%-6%.

Price:
$16.980
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH
Owned:
No
2014-12-29 TOP PICK Crescent-Point-Energy-Corp
CPG-T
Peter Brieger

(A Top Pick Dec 30/13. Down 27.52%.) He wouldn’t buy at this point, but would wait until there was a further decline in oil prices, which he thinks will probably happen. Every growth oriented portfolio should have a position in this company. Feels this is the best run company in this country. Yield of 9.91%.

Price:
$27.840
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-12-29 TOP PICK Calloway-REIT
CWT.UN-T
Derek Warren

Retail REIT.  Trading at a discount.  Main tenant is Wal-Mart.  They have development opportunities as well.

Price:
$27.550
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Yes
2014-12-29 TOP PICK Pembina-Pipeline-Corp
PPL-T
Peter Brieger

If oil were to base at $70, or in a worst-case scenario it is below $60 for a protracted period, he feels the dividend could survive. Yield of 4.12%.

Price:
$42.190
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-12-29 TOP PICK RioCan-Real-Estate-Investment
REI.UN-T
Derek Warren

It has not done that well over the last year, but this is a very good time to own it.  It has very good management.  Retail portfolios have held up very well because they have a core of urban retail properties.  Anyone having to follow certain benchmarks will HAVE to own at least one REIT because real estate has now been made a sector, not just as subsector. 

Price:
$27.020
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Yes
2014-12-29 TOP PICK Regal-Lifestyle-Communities
RLC-T
Derek Warren

7.9% dividend, very high, and you get the tax credit.  A great name and a great yield.  The biggest risk is supply.  We are starting to see a little evidence of some more building.

Price:
$8.960
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Yes
2014-12-29 TOP PICK Royal-Bank
RY-T
Peter Brieger

There is a lot of negativity surrounding the world generally, because of what is happening in oil. When you have changes like that, you have to decide what this means longer-term. He thinks it is very bullish, and the Canadian banks will benefit in a very major way from the potential scenario that he sees. Yield of 3.71%.

Price:
$80.820
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-12-24 TOP PICK CRH-Medical-Corp.
CRH-T
Jason Donville

A little company based in Vancouver that just had a transformational US acquisition. They are in the hemorrhoid business with clinics where people go in for procedures. This is one of those companies that is off the radar screen. His sense is that this is a $2.50 stock in a year’s time.

Price:
$1.700
Subject:
GROWTH & FINANCIALS
Bias:
SELECTIVE
Owned:
Yes
2014-12-24 TOP PICK Patient-Home-Monitoring
PHM-X
Jason Donville

Looking North America demographics, increasingly there is stuff we want to do such as diabetic, cancer, etc. out of our home. It is cheaper and more comfortable for the patient. This company has a lot of cash with lots of acquisitions in the hopper. He thinks this company is going to do well and can see it at $1.50 in 12 months.

Price:
$0.720
Subject:
GROWTH & FINANCIALS
Bias:
SELECTIVE
Owned:
Yes
2014-12-24 TOP PICK BioSyent-Inc
RX-X
Jason Donville

A small pharmaceutical company. What he likes is that it looks more like Paladin Labs more than anything in the market. Not cheap. P/E ratio is in the high 20s, but the ROE is almost 50%, so he thinks the growth rate is justified. Try to buy this below $10.

Price:
$10.250
Subject:
GROWTH & FINANCIALS
Bias:
SELECTIVE
Owned:
Yes
2014-12-23 TOP PICK Walt-Disney
DIS-N
Brooke Thackray

This company has done extremely well. Its seasonal time period is from October 1 to February 15. On average it has actually produced a 19.6% rate of return. They raised their dividend by 34%, which is a huge amount for them. 1) Fundamentally it is a good place, 2) technically it is a good spot and, 3) seasonally this is a very strong period for them.

Price:
$94.690
Subject:
SEASONAL & TECHNICAL
Bias:
UNKNOWN
Owned:
No
2014-12-23 TOP PICK Innodata-Isogen-Inc.
INOD-Q
Benj Gallander

Bought this company a number of years ago and paid $2.56. Sold it in 14 months at $6 plus. They do digitalization and are into e-books and work with insurance companies. Bought it again at $2.46, and feels that can get back to over $7 again. It has a tendency to run every few years, and really go into spikes. Charts show 3 spikes over the last 10 years, so he imagines this could possibly happen again. It is clean, clean in terms of debt. Revenues have been coming down. Lost $10 million last year, but about half of that was write offs. Right now they are running at about breakeven. Thinks it is a good turnaround play. With almost no debt, he doesn’t see any real danger signals.

Price:
$2.810
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 120 of 20,489 entries
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