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

Recent Top Picks

Date Signal Company Expert Opinion Price
2014-08-20 TOP PICK CASH
CASH
Keith Richards

(A Top Pick July 17/13.) The Volatility Index VIX is getting a little low, which tends to indicate complacency which tends to indicate that maybe the market could be due for a very small correction in the next week or 2.

Price:
$0.010
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2014-08-20 TOP PICK Enerplus-Corp
ERF-T
Keith Richards

The long-term chart shows a strong upward trend from early 2013. Now consolidating. Thinks the stock can get to $30. Also pays a pretty nice dividend of 4.5%.

Price:
$24.130
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2014-08-20 TOP PICK Unilever-PLC
UL-N
Keith Richards

Chart shows a consolidation from April to August, followed by a breakout at around $43. 1st resistance would be $46. From there he will watch it carefully and if it keeps going, will continue to own it.

Price:
$43.850
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2014-08-19 TOP PICK Cineplex-Inc
CGX-T
Christine Poole

They outperformed the box office.  It was not so great the first couple of quarters.  They are good operators and continue to increase the concession spend per customer.  Thinks the films slated for the balance of the year look encouraging.  3.7% yield.

Price:
$40.580
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-08-19 TOP PICK United-Technologies
UTX-N
Christine Poole

They are dominant in 4 or 5 of their businesses.  Excellent management team.  Good execution.  They are participating in two megatrends.  Urbanization of emerging markets.  In the US we are seeing a pickup in commercial construction that usually follows the residential pickup.  Pays a good dividend and increases it every year.

Price:
$108.560
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-08-19 TOP PICK Visa-Inc.
V-N
Christine Poole

Hit hard during the Ukraine/Russia crisis.  Now it is in the market that Russia will develop their own network.  Visa is a play on the move to a cashless society.  37% of payments are still cash in the developed world.  In the developing countries it is 57% so there is a lot more room for non-cash payments to increase.  Visa is the largest and has the lowest cost infrastructure and competes most effectively.

Price:
$215.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-08-18 TOP PICK Hirano-Tecseed
6245-JP
Lorne Steinberg

This is one of those Japanese gems that is actually trading for its cash. They have no debt. You are getting a profitable dividend paying company for free. They are in a great engineering machinery niche, coating laminating equipment. They are one of the best players in the world in this business. 3% dividend.

Price:
$0.000
Subject:
DIVIDEND STOCKS
Bias:
CAUTIOUS
Owned:
Yes
2014-08-18 TOP PICK CitiGroup
C-N
John Stephenson

(Top Pick Aug 19/13, Up 0.24%) Ultimately they will re-apply their capital plan to the Fed and it will bring more money to the shareholders.  Over the next year it can generate $6.50 to $7 a share.  It is very profitable with 50% of earnings coming from emerging markets.  We are just waiting for this capital return story to emerge.

Price:
$49.510
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
SELECTIVE
Owned:
Yes
2014-08-18 TOP PICK General-Motors-Corporation
GM-N
John Stephenson

Tremendously attractive, low valuation and opportunity to move toward more global manufacturing.  Headwind is the recalls.  They have to move toward more of a quality mandate.  Great sales in China.  If it drops due to recalls, then it would be an even better buying opportunity.  It just happens to be GM’s turn to have this issue.

Price:
$34.400
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
SELECTIVE
Owned:
Yes
2014-08-18 TOP PICK J.C.-Penney
JCP-N
John Stephenson

SHORT.  Not making money.  Hemorrhaging cash.  Most people going there were for the coupons and the discounts.  Start covering when you get to $7.

Price:
$9.870
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
SELECTIVE
Owned:
Yes
2014-08-18 TOP PICK Koninklijke-Philips-Electronics
PHG-N
Lorne Steinberg

A global leader in LED lighting, which is a huge growth area for this company. Also, a leader in healthcare equipment such as diagnostics, ECG, etc. They are going through the latter stages of a long restructuring. Earnings are poised to grow by about 20% next year and double digit growth for the next few years. Extremely well-positioned in their businesses. Strong dividend yield of 3.59% even after not a great time. He sees earnings going from the $2 a share level, to $3.50-$4 a share over the next 5 years.

Price:
$30.290
Subject:
DIVIDEND STOCKS
Bias:
CAUTIOUS
Owned:
Yes
2014-08-18 TOP PICK Total-SA
TOT-N
Lorne Steinberg

He sees double-digit return for the stock, annualized over the next 5 years. This company is extremely well-positioned. Already paying a healthy 5.16% dividend and he sees significant dividend growth along with share buybacks. They are coming to the end of a large capital expenditure cycle, at which point we are going to start seeing expenditures drop and free cash flow rising. A cheap stock.

Price:
$63.990
Subject:
DIVIDEND STOCKS
Bias:
CAUTIOUS
Owned:
Yes
2014-08-15 TOP PICK Apple
AAPL-Q
Brian Acker, CA

The 7 for 1 stock split was surprising, and actually increases his FMV of his model price. Currently at $97.50 and his model price is $112.75, a 15%-16% upside. Sept 9 is the new product rollout of the iPhone 6 and maybe the iwatch. Yield of 1.93%.

Price:
$97.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2014-08-15 TOP PICK Brookfield-Asset-Management--A-
BAM.A-T
David Cockfield

This hasn’t been doing much for a while and he has been watching it. He likes the Brookfield group. This is a growth stock. Yield is relatively small. Likes what they are doing and their international exposure. Has many facets to it including agricultural, timber land, etc. This is a way to get international exposure in a company that really knows its way around the world. Start off with a small percent and then add into it cautiously.

Price:
$51.730
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2014-08-15 TOP PICK Chevron-Texaco
CVX-N
Brian Acker, CA

International oils are being way overlooked in terms of value. His model price is $168.71, a 33% upside. Yield of 3.4%.

Price:
$126.100
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2014-08-15 TOP PICK Pfizer-Inc
PFE-N
Brian Acker, CA

The CEO obviously confused everybody by going after AstraZeneca. Because of this, there is no more of a premium towards an upside to his model price. Closed at $28.73 and his model price is $35.03, a 22% upside. 3.6% dividend yield. Overall, healthcare stocks have been doing quite well, especially drug stocks. Take advantage of this pullback.

Price:
$28.640
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2014-08-15 TOP PICK iShares-Cdn-Univer.-Maple-ETF
XSH-T
David Cockfield

It doesn’t have a huge range of trading. Yield is okay at about 3%. Short-term pays you less than 1% on an after-tax basis, so this is not a bad place to park your money.

Price:
$19.940
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2014-08-15 TOP PICK BMO-Low-Volatility-Cdn-Eqty-ETF
ZLB-T
David Cockfield

(A Top Pick Aug 12/13. Up 20.82%.) This is made up of low volatility stocks and the portfolio is readjusted on a regular basis. It seems that when this starts to sell off, buyers come in, which is why it is low volatility. These are stocks where there is always somebody waiting to buy them if they start to sell off.

Price:
$22.860
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2014-08-14 TOP PICK TD-Ameritrade-Holding
AMTD-N
Patrick Horan

(Top Pick Oct 1/13, Up 25.66%) They are a play on the equity market in general.  He got out and got back in in June.  He still likes it.  There has been a nice consolidation this year and it will benefit from a re-invigorated equity market.

Price:
$32.260
Subject:
NORTH AMERICAN
Bias:
BULL on US EQUITIES
Owned:
Yes
2014-08-14 TOP PICK Barclays-Bank-PLC
BCS-N
Paul Harris, CFA

Trades at about 0.6X Book and will be trading at about 7 or 8 times next year’s earnings. In their last earnings, their personal and commercial business was up a fair bit. They bought Lehman Brothers and took a lot of the fixed income business and put it into what they call a “bad bank” and are slowly disposing of it. They are really going back to their traditional retail business. They’re going to keep the investment bank, but are going to be a much more smaller bank giving a better return on equity.

Price:
$14.680
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-08-14 TOP PICK Cineplex-Inc
CGX-T
Patrick Horan

SHORT.  It is a short trade.  They have done a fantastic job revamping the company and it is a fantastic company but attendance for movie goers is dropping.  He fails to see their numbers going a lot higher at Christmas time.  People don’t go to see movies in good times, as much as recessions.

Price:
$40.620
Subject:
NORTH AMERICAN
Bias:
BULL on US EQUITIES
Owned:
Yes
2014-08-14 TOP PICK Deere--and--Co.
DE-N
Paul Harris, CFA

The agricultural business was weak because crop prices were down. He likes their construction/forestry business which he felt was under performing, but had actually outperformed in the quarter. You are not paying a lot for this. It may go a little bit lower from here, but he would be a buyer. Trading at about 11X earnings and pays a 2.83% dividend. Remember that the crop business is cyclical and if it turns around you will see an uptick in their product. Have reduced the number of people who sell their product, which has helped.

Price:
$84.890
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-08-14 TOP PICK Target-Corp
TGT-N
Paul Harris, CFA

There have been a lot of problems. Have a new CEO. Thinks they are trying to sort out their problems. Good dividend yield of 3.54%. A great brand name. Trading at about 14X earnings. At these levels you will do well over the long term. A lot of the bad things have already been priced into the stock.

Price:
$58.740
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-08-14 TOP PICK Thomson-Reuters-Corp
TRI-T
Patrick Horan

A serial underperformer of the last 5 years.  4% dividend and they generate a lot of free cash flow.  The story is their new Icon platform.  It will be a master platform for all other platforms allowing them to get out of a lot of legacy costs.  Their service is cheaper than Bloomberg.  They are selling a lot of the systems.

Price:
$41.430
Subject:
NORTH AMERICAN
Bias:
BULL on US EQUITIES
Owned:
Yes
2014-08-13 TOP PICK Boeing
BA-N
Mike S. Newton, CIM FCSI

(A Top Pick Aug 26/13. Up 18.05%.) If you think things are going to get difficult, you have to own this in a portfolio. Thinks of this as a core holding that you just want to own forever. When you get buying opportunities like this, you have to take advantage of it. Yield of 2.39%.

Price:
$121.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-08-13 TOP PICK Catamaran-Corp
CCT-T
John Wilson

Stock Price came back quite a bit this year. He has been Buying Puts to take premium out on it, so that if it went lower he could buy some more. Thinks this name has gone through the worst of it. The selling season they are going through right now is actually going quite well for them. Thinks they can use M&A to buy in smaller shops, which they have done historically in a very accretive fashion. Great cash flow.

Price:
$49.050
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-08-13 TOP PICK Element-Financial
EFN-T
John Wilson

Trinity Industries (TRN-N) had been leasing railcars, which tied up a lot of capital, but was ultimately a business they didn’t really want to be in, so they have been selling that part of their business in tranches to Element Financial, a growing asset-backed lender that has really done a great job of expanding into the railcar business. Have now made a transaction for the auto fleet business. Reported this morning and loan originations were a little bit light, but generally on track.

Price:
$14.230
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-08-13 TOP PICK FedEx
FDX-N
Mike S. Newton, CIM FCSI

This is one of those great brands. Investors are warming up to logistics. They were the 4th largest airline and very levered into international freight shipments. That fell off precipitously in 2008. Coming out the other side, we are starting to see their ability to step dance their way through that difficulty. They have retooled and have less planes than they have ever had. The company is really lean and mean. Feels the real surprise is going to be a re-engagement on the high end of Chinese and Asian consumers.

Price:
$149.350
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-08-13 TOP PICK Trinity-Industries
TRN-N
John Wilson

One of the largest makers of railcars in the US. Traditionally a fairly cyclical business. His view is that the industry has really changed for a couple of reasons. There are so many more uses for rail. We now have oil and fracing sand. All of this has been extending the life of the cycle and he thinks they are going to run higher and higher earnings. With the money they are generating and the cash flow yield, they have been diversifying, such as tanks for LNG. Still trading at 7-10 times earnings and would be going to more of a 12-15 times. Yield of 0.91%.

Price:
$43.730
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-08-13 TOP PICK WesternOne-Inc
WEQ-T
Mike S. Newton, CIM FCSI

The name has been a little bit quiet in the last couple of months. This is still a compelling yield play, north of 7%, which is very sustainable. Massive spending in the West is still forecast and this will be in the epicentre of that. It is a very small nimble company that is under the radar that not many people are aware of. The real catalyst is the new CEO, Peter Blake, who will be installed Sept 1st.

Price:
$7.830
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-08-12 TOP PICK Brookfield-Office-Properties-Ltd
BOX.UN-T
Andy Nasr

Thinks this will eventually get acquired by Brookfield Property Partners (BPY.UN-T). Trades at a material discount to NAV of about 20%. Yield of 4.52%.

Price:
$27.400
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-12 TOP PICK Eldorado-Gold
ELD-T
Bill Carrigan

This had a very high Short position and gold stocks were out of favour. Chart shows this had a massive underperform from 2012 into 2013, and then it started to change and the gap started to close. Started to relative outperform in early 2014. He likes the gold space.

Price:
$9.270
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
Yes
2014-08-12 TOP PICK Enbridge
ENB-T
Andy Nasr

He is starting to pick away at this, even at these levels, as they have a tremendous amount of growth CapX ahead of them, over $40 billion, which will enable them to increase their dividend and earnings by double-digit rates through to 2017. A very good, sleepy dividend payer. Thinks they will start more meaningfully to drop assets down into its MLP, which should surface some value and that will create long-term growth potential.

Price:
$53.550
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-12 TOP PICK Hudbay-Minerals-Inc.
HBM-T
Bill Carrigan

This has satisfied some of his requirements. 1) A highly shorted stock (Shorts have been covering lately) and 2) the Relative versus the Broader TSX was improving. The three-year chart shows the declining strength during 2012-2013. Now it is moving up and the gap is getting narrower because the Relative is improving. A perfect scenario this late in the Bull.

Price:
$11.170
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
No
2014-08-12 TOP PICK Walgreen-Co
WAG-N
Andy Nasr

They were going to complete the acquisition of Alliance Boots in Europe. Part of the rationale for that acquisition was that it would lower their overall tax rate. That didn’t happen and the stock sold off. Thinks the sell off gives a good buying opportunity. There is a really good growth profile ahead of them. You can expect 4%-5% organic growth in addition to a pretty decent dividend. A good way to play a recovery in Europe without having direct European exposure. He likes some of the US drugstore stocks in that it is also a riff on the Affordable Care Act, which requires more people to get insurance. When you have insurance, your prescriptions per capital are about twice as high as when you don’t have insurance. Yield of 2.17%.

Price:
$62.160
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-12 TOP PICK Western-Forest-Products-Inc.
WEF-T
Bill Carrigan

This had a pretty big Short position and the sector was out of favour. Chart shows this just had quite a breakout and it is off and running.

Price:
$2.420
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on MATERIALS
Owned:
Yes
2014-08-11 TOP PICK Boeing
BA-N
Michael Bowman

The airline industry has changed.  These companies are always trying to improve.  There is a lot of interest in their wide bodied jet.  They have a huge backlog.

Price:
$120.800
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2014-08-11 TOP PICK Chicago-Bridge--and--Iron-Co.
CBI-N
Michael Bowman

125 years old.  Big time engineering and construction infrastructure company.  Lots of government business from around the world.  They do the fabrication and erection with big projects.  They are now getting into LNG plants.  3.2% yield.

Price:
$60.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2014-08-11 TOP PICK Element-Financial
EFN-T
John O'Connell, CFA

Just recently bought PHH Arval in the US, and he thinks there are huge, huge synergies. If you want to own a financial without exposure to Canadian housing, but exposure to the US housing market, this is where you want to be. In 2015, it is going to have cash earnings of around $1.25, assuming no further acquisitions. Trading at a market multiple for financials, but is growing much, much faster. Thinks that in 2016 they’ll want to issue a dividend. Feels that a midsize regional bank will eventually acquire this company.

Price:
$13.590
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-08-11 TOP PICK Kelt-Exploration
KEL-T
John O'Connell, CFA

Very strong management team. Reporting earnings tomorrow and will probably be 11,000 BOE’s a day exit rate for the 2nd quarter. A year from now, they should exit at about 18,500 BOE’s a day and that’s with only 60% success of their drilling program, which is really conservative. Very conservative management team and they own big positions in the company. Debt-free. Have great lands.

Price:
$12.570
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-08-11 TOP PICK Michael-Kors-Holdings
KORS-N
Michael Bowman

Outperformed in last earnings release.  87% of revenue is accessories.  74 different countries.  They have wholesale activity as well as retail. 

Price:
$79.990
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2014-08-11 TOP PICK McDonalds
MCD-N
John O'Connell, CFA

This has backed down into his Buy range. Using 3.5%. Trading at 16X earnings. They will fix their food problems in China. Very strong management team.

Price:
$93.530
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-08-08 TOP PICK Qualcomm
QCOM-Q
Rick Stuchberry

Earnings were really quite good, but the China news knocked it off. The stock really pulled back, so he added at these prices. This is one of those stocks that has got the growth, the technology, in the right place and you can’t run the devices without the chips. Dividend yield of 2.3%.

Price:
$73.880
Subject:
CANADIAN LARGE & iNTERNATIONAL ADR's
Bias:
BULLISH
Owned:
Yes
2014-08-08 TOP PICK Sociedad-Quimica-Y-Minera
SQM-N
Jaime Carrasco

Fertilizer company in Chile. He wants this in order to diversify out of the North American economy. Well run company. Has been lagging for quite a while and this is a good entry point. Yield of 0.96%.

Price:
$27.760
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
No
2014-08-08 TOP PICK Teck-Resources-Ltd.--B-
TCK.B-T
Rick Stuchberry

The last blue-chip, big Canadian mine and it will participate. The negative part is that it has the coal, but on the positive side, it has the zinc and some of the other products. Thinks it will be carried along on the China craze at the end of the year. A number of these big mining companies are going to do well because China is going to show better and better numbers as we get closer to the year end. Dividend yield of 2.12%.

Price:
$25.660
Subject:
CANADIAN LARGE & iNTERNATIONAL ADR's
Bias:
BULLISH
Owned:
Yes
2014-08-08 TOP PICK Tim-Hortons
THI-T
Jaime Carrasco

Has a negative correlation to any possible economic activity. If we do go through another 2008, which he feels we eventually will, this is a good place to be sitting on to generate some cash flow. They are negatively correlated to bad economic environment. Well-run company. Yield of 1.87%.

Price:
$68.400
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
No
2014-08-08 TOP PICK Yamana-Gold-Inc.
YRI-T
Jaime Carrasco

Likes this because it is a laggard. This gives him a holding in Agnico Eagle (AEM-T), Osisko as well as this.

Price:
$9.470
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
Yes
2014-08-08 TOP PICK Yum--Brands
YUM-N
Rick Stuchberry

This company and others were all using the same supplier, who has been taken out of the chain. This is a real growth stock and a quality run company. Expanding hugely in India. Dividend yield of 2.12%.

Price:
$69.970
Subject:
CANADIAN LARGE & iNTERNATIONAL ADR's
Bias:
BULLISH
Owned:
Yes
2014-08-07 TOP PICK AltiusMinerals-Corp
ALS-T
Rick Rule

This is the unknown royalty company. They bought the royalty package from Sherrit, that was the old CP royalty package. He knows those assets extremely well. Feels this is the best collection of brainpower, cash and royalty cash flow relative to market cap available on the planet.

Price:
$14.250
Subject:
PRECIOUS METALS
Bias:
BULLISH on GOLD
Owned:
Yes
2014-08-07 TOP PICK Dundee-Corp.--A-
DC.A-T
Rick Rule

This is a competitor of his. The recovery that he sees in resource markets will definitely benefit people like himself and this company. They have a great balance sheet and a great team. Sold their mutual fund business a few years ago to a bank, and they are now allowed to come back into that business and compete. They are ferocious competitors.

Price:
$18.250
Subject:
PRECIOUS METALS
Bias:
BULLISH on GOLD
Owned:
Yes
2014-08-07 TOP PICK Delphi-Energy-Corp.
DEE-T
Rick Rule

These people are real, real implementers. They have a lot of room to go. The Canadian energy business got a little ahead of itself. The softness we have seen in the last month has allowed him to re-enter some of his favourite names. Visibility with regards to production growth is extraordinary. They have a lot of approved undeveloped locations.

Price:
$3.860
Subject:
PRECIOUS METALS
Bias:
BULLISH on GOLD
Owned:
Yes
2014-08-07 TOP PICK Freehold-Royalties
FRU-T
Jerome Hass

Long FRU-T and Short PSK-T.  Thinks PSK is overvalued.  Likes both businesses.  They are efficient, just collecting a royalty.  When FRU gets closer to PSK in terms of PE, cover the short.

Price:
$25.270
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2014-08-07 TOP PICK Just-Energy-Group
JE-T
Jerome Hass

Short.  Just came out with Q2 earnings.  It reinforced his thesis on the stock.  They are in the process of repairing the balance sheet and sold the most stable part of their business.  Cut their dividend 40% in the last 18 months.  8.5% yield and 112% payout ratio even after the cut.

Price:
$5.940
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2014-08-07 TOP PICK Shawcor-Ltd.--A-
SCL-T
Jerome Hass

Great long term hold.  Indirect play on pipelines.  Doesn’t know who builds the next one, but SCL will be in the middle of it.  At the end of the day, someone will take this one out.  Stock came down this year because it had such a great year last year. 

Price:
$53.650
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2014-08-06 TOP PICK Altagas-Ltd
ALA-T
Michael Decter

(A Top Pick Dec 20/13. Up 22.5%.) Just loves what they are doing. Extraordinarily well positioned for LNG. They are the only people with a gas pipe line and prospects of an early LNG facility. Have done some acquisitions. Can see at least $53 in 12 months.

Price:
$48.600
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-06 TOP PICK Cineplex-Inc
CGX-T
Michael Decter

Had a soft quarter because there were no blockbusters. Off the back of the quarter, Guardians of the Galaxy blew out the August record for a weekend by almost 50%. Has one of his favourite CEO`s and is extracting more dollar per seat every year. Looking at 2015-2016, there are some familiar names coming such as Star Wars, the Avengers, Fast and Furious, etc.  Yield of 3.82%.

Price:
$39.790
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-06 TOP PICK Walt-Disney
DIS-N
Michael Decter

They have only begun to scratch the surface of their Marvel holdings. There are over 2,000 characters. They are blending the Marvel comic book with the youth audience. Thinks this company has a huge run ahead of it. Dividend yield of 0.99%.

Price:
$86.590
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-06 TOP PICK Easyhome
EH-T
Michael Smedley

It absolutely has got a model in place of dealing with the non-top level bank financing, which the major banks don’t do. They have this platform working for them in a very interesting way, and the revenues are exceeding that of the old rental financing business. Yield of 1.43%.

Price:
$23.800
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-06 TOP PICK Gear-Energy
GXE-T
Michael Smedley

Heavy oil focused producer. This is about an 8000 to 10,000 (?????). (Really didn’t say much on this. Bill.)

Price:
$5.420
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-06 TOP PICK Mitel-Networks
MITL-Q
Michael Smedley

Still in a kind of a PBX, more sophisticated business. They are now world leaders, and they have merged Astrol into themselves, a similar kind and very compatible company.

Price:
$10.440
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2014-08-05 TOP PICK Guyana-Goldfields-Inc.
GUY-T
Charles Oliver, HBSc CFA

Very cheap stock. Re-jigged their IRR, which wasn’t good enough. Took away an expensive shaft that they were going to build. Have gotten it to an area where you have a very high IRR, and ultimately the valuation proposition is excellent. 2016 EBITDA target is $115 million, which should double over the next few years.

Price:
$3.120
Subject:
PRECIOUS METALS
Bias:
OPTIMISTIC on GOLD
Owned:
Yes
2014-08-05 TOP PICK Neenah-Paper
NP-N
Barry Schwartz

A spin-off from Kimberley Clark (KMB-N). It’s big business is fine paper, stationary, etc. but there is no growth in that. They are focusing on labels and filtration where there is a lot of growth. Operate in health care and automotive and they have great return on capital. High ROE and buying back stock. Yield of 2.16%.

Price:
$50.110
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-08-05 TOP PICK Osisko-Gold-Royalties-Ltd.
OR-T
Charles Oliver, HBSc CFA

Management has a big ownership in the company. This is the newest royalty company on the block. They have the Canadiann Malartic, sort of 5% NSR, which will give them $35 million a year. 2% royalty on a number of Cdn assets including Kirkland Lake Camp  Have a huge tract of land in Mexico, which he expects they will hive off and keep a royalty on.

Price:
$15.750
Subject:
PRECIOUS METALS
Bias:
OPTIMISTIC on GOLD
Owned:
Yes
2014-08-05 TOP PICK Molson-Coors-Brewing-Company
TAP-N
Barry Schwartz

Beer drinking has finally stabilized. Seemed that everybody was saying nobody is drinking beer any more. Global beer sales were up in the last quarter.  They are also the biggest craft brewer in the world. Likes its joint venture with SABMiller called MillerCoors. Thinks at some point SAB is going to look at Millers to Buy it. If so that could be hugely accretive to its earnings. Yie;d of 2.2%.

Price:
$67.210
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-08-05 TOP PICK Tahoe-Resources
THO-T
Charles Oliver, HBSc CFA

One of the newest silver mines. Have done a great job of ramping up. Will produce roughly 20 million ounces this year and make lots of free cash flow. With the money, they are going to start to initiate a dividend in Q4. Will be buying back some of their debt. Will also be putting an expansion into the mine, which will be very cheap to increase 20%-25% in throughput.

Price:
$29.020
Subject:
PRECIOUS METALS
Bias:
OPTIMISTIC on GOLD
Owned:
Yes
2014-08-05 TOP PICK Viacom-Inc.
VIAB-Q
Barry Schwartz

Likes owner/operated companies. A huge media conglomerate. The sexy stuff is the movies, but the meat and potatoes is the TV networks. Owns a lot of content such as MYV, Comedy Central. Thinks that at some point something is going to happen with this company. Company is buying back stock. Yield of 1.61%.

Price:
$81.770
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-08-01 TOP PICK CARLSBERG--B--
CARL-OMX
Norman Levine

Danish brewing company, 5th largest globally. A little volatile for a beer company, but they are the biggest beer company in Russia with 40% market share. Russia is toxic right now for investors. When there is blood on the street, you buy. Their growth market is in Asia where they are gaining market share. They raise the dividend on a regular basis. Valuation is very reasonable.

Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-08-01 TOP PICK Catamaran-Corp
CCT-T
John Zechner

Healthcare in general has seen a tremendous amount of technology spending. It needs it. The rollout of the Affordable Care act in the US is making the public and private pharmacy benefit exchanges much more valuable. Their acquisitions over the last couple of years have been ultimately accretive to earnings. On a valuation basis you are probably trading at around 20X earnings.

Price:
$49.090
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-08-01 TOP PICK Walt-Disney
DIS-N
John Zechner

The only mistake he ever made with this company is by Selling it. It has been the best growth stock over the last 50 years. They have reinvented themselves. Over the past couple of years, they have increased their content in sports with ESPN, Marvel comics, Star Wars, etc. They are now expanding on a global basis with their theme parks, consumer products, Disney Interactive. They continue to hit it out of the park. You are getting all of this for a 20 multiple. This is one that you Buy and put it away.

Price:
$85.380
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-08-01 TOP PICK Corning-Inc
GLW-N
Norman Levine

Stock has been on fire until the last week or so, when they reported their earnings and sales were a bit disappointing. They are in a number of businesses, but all the market seems to care about is a product called Gorilla Glass. There are worries that when Apple (AAPL-Q) comes out with its new iPhone, it will switch from Gorilla Glass to Sapphire Glass. The market is fixated on Gorilla Glass and ignores its other businesses, such as LCD screens, etc.

Price:
$19.880
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-08-01 TOP PICK Power-Financial-Corp
PWF-T
Norman Levine

This is in 2 major businesses, both financial services. Great West Life (GWO-T) and IGM Group, so it is big in life insurance as well as fund management. Great West made an acquisition last year in Ireland giving it Irish and European exposure that will benefit from rising interest rates. A dividend raise is long overdue. Yield of 3.984%.

Price:
$34.550
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-08-01 TOP PICK Trinidad-Drilling-Ltd
TDG-T
John Zechner

In energy, he likes the energy service companies. The excessive cash flow being thrown off by the oil companies still has to be put back into the ground. This company had a high debt level but have started paying it down. Getting great rig activity. More importantly, they have this great joint global venture with Halliburton (HAL-N) which is going to be phenomenal for the growth going forward.

Price:
$10.540
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-07-31 TOP PICK Agrium
AGU-T
Greg Newman

Everything has happened wrong with the stock. Bad weather, falling nitrogen prices due to China exports, etc. Now you have falling corn prices. Had elevated natural gas prices, but now have lower prices which should help. The bottom line is that farmers are spending only 30% of their budgets on fertilizer, which is the lowest in a decade. He sees the trend normalizing eventually. Sees really big cash flow coming on in 2015, mostly from cost cutting and synergies. Has potential for dividend growth, buybacks as well as a higher share price. This has a very long term secular tailwind of population growth and the need to increase yield per unit of farmland.

Price:
$99.400
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-31 TOP PICK Mrk-Vectors-Gold-Miners-ETF
GDX-N
Jon Vialoux

When the gold miners report their earnings at the end of July that is the kick off to the start of the period of seasonal strength for the miners. This is experiencing a dip today, so you could take advantage of some of the weakness. The average gain between the end of July and September 25 is about 8%.

Price:
$25.910
Subject:
SEASONAL & TECHNICAL
Bias:
CAUTIOUS
Owned:
Yes
2014-07-31 TOP PICK HAP-Floating-Rate-Bond-ETF
HFR-T
Jon Vialoux

(A Top Pick April 22/14. Up 0.43%.) This is equivalent to a cash holding, and is about 32% of his fund right now. This is a short-term duration bond ETF, and provides a hedge against the volatility that is frequent at this time of year. He intends this to be his holding through until October.

Price:
$10.190
Subject:
SEASONAL & TECHNICAL
Bias:
CAUTIOUS
Owned:
Yes
2014-07-31 TOP PICK Magna-Int-l.--A-
MG-T
Greg Newman

Nobody wants to buy this at its high price, but it is cheaper than its peers. 6.2% times 2015 estimates versus the peers at around 6.5%. Given the quality of this name, their higher return on assets, buybacks, dividend growth and acquisition opportunities, they should trade higher at 6.75%. US price is about $110, and he sees it going to $150 US. Raised their guidance on sales and margins in Q1, and he sees upside for both North American and European margins. He estimates they can grow their dividend at 31% in 2015 as well as a 16.5% buyback.

Price:
$117.090
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-31 TOP PICK Peyto-Exploration--and--Develop.
PEY-T
Greg Newman

Really strong cash flow and production. He sees 30% cash flow growth over the next couple of years. Their all-in costs per barrel of oil is equivalent is $7.42, which is unheard of in the industry. Solid balance sheet. Trades more or less in line with peers, but has much better growth.

Price:
$36.650
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-31 TOP PICK iShares-S-and-P-Global-Timber--and--Forestry-ETF
WOOD-Q
Jon Vialoux

*Short*. This is the period of seasonal weakness for housing stocks. This tends to impact the demand for lumber. September is particularly weak for the price of lumber. Has declined 80% of the time for the past 20 years for an average decline of 9%. If you do Short this, it’s a good idea to have a Stop at about $53.50.

Price:
$50.390
Subject:
SEASONAL & TECHNICAL
Bias:
CAUTIOUS
Owned:
No
2014-07-30 TOP PICK Easyhome
EH-T
Bruce Campbell (2)

The finance side is the impressive side. The leasing side just continues to be sort of stagnant and not growing a whole lot. Just announced fantastic earnings today. On Tuesday they came out with a new financing package, which basically clears the way for them to grow. Have also bumped up their guide for the future, saying they are going to grow between 14% and 16%.

Price:
$24.360
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-07-30 TOP PICK Elkwater-Resources-Ltd
ELW-X
Bruce Campbell (2)

Have just re-capitalized, so the name will be changed to Striker Exploration. Have very small production now, less than 100 barrels per day. Look for them to make an acquisition and grow this thing into the next Raging River (RRX-T).

Price:
$0.700
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-07-30 TOP PICK Espial-Group
ESP-T
Peter Imhof

Just signed with a tier one communications company.  Cable companies are losing a lot of business to Netflix.  Are going to try to enhance the cable experience to subscribers.

Price:
$3.220
Subject:
NORTH AMERICAN - SMALL
Bias:
SELECTIVE
Owned:
Yes
2014-07-30 TOP PICK Patient-Home-Monitoring
PHM-X
Bruce Campbell (2)

Have an acquisition strategy where they are going out and buying monitoring companies. Have bought 3 in the last 12 months. Most acquisition companies are growing through acquisition, but this one is also growing organically. They are buying different companies, and then cross-selling between them. Thinks they can probably earn $.04-$.05 a share over the next 12 months. If you put a 10 or 15 times multiple on a company that is growing 20% plus per year, you can see the stock significantly higher.

Price:
$0.330
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2014-07-30 TOP PICK Rock-Energy-Inc.
RE-T
Peter Imhof

Divested some of their higher cost assets.  Cash flow growth goes from $0.76 to $1.85.  $2.75 next year.  Cheaper than the others.  Would be a good acquisition.

Price:
$6.690
Subject:
NORTH AMERICAN - SMALL
Bias:
SELECTIVE
Owned:
Yes
2014-07-30 TOP PICK Sandvine-Corp.
SVC-T
Peter Imhof

Turnaround story.  The management team has learned from their mistakes and now have things right.  Done well in terms of earnings over the last few quarters.  Low multiple.  $1 a share in cash.  12 times earnings.  50% earnings growth next year.  Margins continue to increase.  Multiple will continue to increase.  There is a scarcity of technology companies in Canada and this one is a good take out candidate.

Price:
$3.650
Subject:
NORTH AMERICAN - SMALL
Bias:
SELECTIVE
Owned:
Yes
2014-07-29 TOP PICK Amaya-Gaming-Group-Inc.
AYA-T
Peter Hodson

Got regulatory approval for their rational gaming acquisitions, which will make them the biggest public online gaming company globally. It is going to trans-straddle the consumer and technology sectors. A great, great growth company. Have done nothing but execute perfectly well in terms of deals and acquisitions. Management owns 26% of the company.

Price:
$29.610
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No
2014-07-29 TOP PICK Cisco
CSCO-Q
Ross Healy

Topped out in 2000 at about 18X its Book Value and then has spent 10 years in the wilderness. Gradually all that equipment that was installed back then is getting technologically old and is needing to be replaced. In the meantime we have Cloud computing coming on strong, and this company is superb in the hardware area there. Yield of 2.96%.

Price:
$25.710
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-29 TOP PICK Contrans-Group-Inc
CSS-T
Peter Hodson

TransForce (TFI-T) has an offer in to buy this and it is board approved. Transforce stock went up 10%. It’s $0.30 accretive to earnings, which at a 15X multiple is worth almost $5 to Transforce stock. Everybody loves this deal, which by default means it is a bad deal for Contrans. This stock, at $15 with a 15X multiple on next year’s earnings, is an $18 stock without a takeover. This is at the economic stage where earnings will start to ramp up. Yield of 3.97%.

Price:
$15.200
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No
2014-07-29 TOP PICK Dream-Office-REIT
D.UN-T
Ross Healy

The stock has been unfairly hammered by the market and has very nice upside potential. Yield of 7.66%.

Price:
$29.230
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-29 TOP PICK Firstservice-Corp
FSV-T
Peter Hodson

A residential management company. They operate residential services, manage condos and look after things like security, concierges, etc. Just reported earnings showing a 16% revenue boost, 32% EBITDA boost. Instituted a dividend a couple of years ago. Still run by the founder who still owns lots of stock. Nobody talks about it, but just a very solid company. Yield of 0.73%.

Price:
$59.430
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No
2014-07-29 TOP PICK National-Bank-of-Canada
NA-T
Ross Healy

Stock is quite cheap. Has been banging up against some pretty stiff technical resistance, but has now broken through. He is hoping that it will catch up with some of the other banks. Yield of 3.92%.

Price:
$48.920
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-28 TOP PICK CAE-Inc
CAE-T
Michael Sprung

Recently announced about $120 million in new training contracts. They also announced about $110 million for the military side in New Zealand. They continue to gain new business, whether military or civil space. Yield of 1.7%.

Price:
$14.110
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-07-28 TOP PICK Central-Fund-of-Canada-Ltd--A-
CEF.A-T
Peter Brieger

(Top Pick Jul 22/13, Down 0.19%) You could see a bounce back up to $1360-$1420 for gold, depending on geopolitical events.  Gold could have this short term pop of 5-10% and it will increase long term as well due to Indian demographics among other factors.  He will hold it for fundamental reasons.  They are not finding as much gold any more.

Price:
$15.330
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-07-28 TOP PICK Crescent-Point-Energy-Corp
CPG-T
Peter Brieger

The oil and gas companies will be facing the tax man as tax pools run out.  But CPG-T is nowhere near that point.  They are aggressive in acquiring company’s land.  They are perfecting water flood secondary recovery. 

Price:
$44.780
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-07-28 TOP PICK Encana-Corp
ECA-T
Michael Sprung

(A Top Pick July 22/13. Up 35.2%.) Management has surfaced value with their spin out of PrairieSky (PSK-T), sold Big Horn and acquired some property in Eagle Ford. Becoming much more exposed to liquids than to natural gas. Have done some extremely smart things with their asset base, as well as making some very strategic acquisitions. Good cash position of about $2.7 billion. Still has a long ways to go.

Price:
$23.850
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-07-28 TOP PICK EnerCare-Inc
ECI-T
Michael Sprung

Just announced they were buying the consumer’s services division from Direct Energy, which now gives them direct access to consumers in Ontario. Largely involved with water heaters as well as running a sub-metering business. He estimates capitalization of the company is going to go from around $800 million to $1.1-$1.2 billion. This is a very accretive acquisition to cash flow, and he estimates it is going to be 22%-25%. This puts out the potential for dividend increases down the road. Dividend yield of 5.27%.

Price:
$13.750
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-07-28 TOP PICK Precision-Drilling
PD-T
Peter Brieger

Likes the energy field.  Most modern and largest fleet in Western Canada.  Signed a deal with Schlumberger Ltd. (SLB-N) to round out the product offering.

Price:
$14.550
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-07-25 TOP PICK American-Financial-Group-Inc.
AFG-N
Darren Sissons

Slow and steady. Not a sexy company. They insure horses, speedboats, commercial car fleets. Because they dominate small niches, they just tend to slowly move along and slowly increase the dividend. Good corporate governance and good risk management.

Price:
$58.020
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-07-25 TOP PICK BankUnited--Inc
BKU-N
Darren Sissons

(A Top Pick July 25/13. Up 10.77%.) This is post the global financial crisis and a bank that was effectively re-launched. Q1 capital ratio was around 30%. Exposed to the Florida and US market. Interest rates will take this higher and will be a tuck-in candidate at some point.

Price:
$32.280
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-07-25 TOP PICK Keppel-Corp-Ltd.
KEP-SP
Darren Sissons

The leader in the offshore oil rig market. The current big driver is going to be the ultra-deepwater market. Have a $14 billion backlog that gives them visibility up to 2019. Have increased the dividend for 23 consecutive years. Also, have a small property business that builds apartments across Southeast Asia. Good balance sheet and very good management.

Price:
$0.000
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-07-25 TOP PICK Spartan-Energy-Corp
SPE-T
Eric Nuttall

This is a “sleep easy” small cap growth story. Management owns 13%. In one of the best areas of oil production in Southeast Saskatchewan. Have consistently been drilling wells that have paybacks of less than a year. Because of their size, they can still make smaller acquisitions that are too big for larger companies. Their ability to add accretively is much higher than some others. By his estimation, they will be growing production next year by 49%, the highest of any oil company in Canada, and that is spending only 80% of the cash flow. Typically trades in a band of $3.80 and $4.20. They report in about 2 weeks, but doesn’t know if there will be any catalysts to get people really excited.

Price:
$4.040
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2014-07-25 TOP PICK Tourmaline-Oil-Corp
TOU-T
Eric Nuttall

(A Top Pick July 30/13. Up 33.13%.) His largest holding. A lot of natural gas stocks in the Montney have been unlocking a lot of value by getting better and better at drilling and containing the wells. A lot of this company’s wells are coming on stream at twice what they had budgeted. Thinks this has 40% upside from today’s levels, a $75 stock because their acreage just keeps getting better and better. They keep coming out with new plays. Have 10 years of high-grade inventory.

Price:
$52.650
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2014-07-25 TOP PICK Whitecap-Resources
WCP-T
Eric Nuttall

One of the most sustainable and attractive total return energy stocks in Canada. Spending less than 1X cash flow. They can grow production by 14%-15% plus pay their existing dividend. Because their wells have been so profitable, they are generating a ton of free cash flow. If they were to take just half of their free cash flow next year, and roll it into the dividend, they could increase it by 33%. Reporting on Aug 7th and he is hoping they increase their dividend by 5%-10%. Still trading at a discount multiple. Thinks it will be a $20 stock over the next year or so. Yield of 4.53%.

Price:
$16.630
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2014-07-24 TOP PICK Apple
AAPL-Q
David Burrows

Sometimes it is hard to stick with what is working.  Just about to release a new iPhone.  There is growth in the BRIC countries.  They have the watch device. There is a JV to provide enterprise services.  It is behaving very well and has strong dividend growth and strong free cash flow.  Great balance sheet.

Price:
$97.030
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-24 TOP PICK American-Axle--and--Mfg-Hldgs-Inc.
AXL-N
Gordon Reid

This was spun off from General Motors (GM-N) in 1994. Make drive line axles, primarily for trucks initially, but have moved into the car business. Most of the business historically has been with General Motors, but are now down to about 55% with GM, and are dealing with about 100 different customers. Growing their earnings at a fairly good clip of about 15% annually, but are only trading at 8 or 9 times earnings.

Price:
$19.230
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-07-24 TOP PICK Boeing
BA-N
Gordon Reid

This is a great story. It has visibility, which a lot of companies don’t. We are seeing a $377 billion backlog for 5200 commercial aircraft. They have the 787 Dream Liner. Trading at about 16X earnings. It is a captive market. Airlines need to buy new technology and new aircrafts because they are more fuel efficient.

Price:
$124.400
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-07-24 TOP PICK CVS-Corp.
CVS-N
Gordon Reid

A drugstore and a pharmacy benefit manager combined. The drugstore story is great because of the aging population plus the greater number of insured in the US. A lot of the business that is happening is generic, and the margins are much, much higher. Dividend yield of 1.39%.

Price:
$78.890
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-07-24 TOP PICK Concho-Resources
CXO-N
David Burrows

For every dollar in the ground they find 2.3 dollars of oil.  20-30% production growth and 8% reduction in production cost per year.  They have a lot of opportunity going forward.

Price:
$147.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-24 TOP PICK Walt-Disney
DIS-N
David Burrows

Media has been a real leader, but pulled back since March and is now moving forward again.  All businesses are firing on all cylinders.  Should grow 20% in each of the next three years.  A leading company in a leading sector.

Price:
$86.800
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-07-23 TOP PICK American-International-Group
AIG-N
Fabrice Taylor

Has done really well, but feels there is more room to go. At some point big institutions will come around and re-enter the stock. Trades at a big discount to Book. It could be liquidated today, and give every shareholder almost $70 a share. Should give you a decent return, not a huge one, but maybe 15%-20%. Yield of 0.91%.

Price:
$55.020
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Yes
2014-07-23 TOP PICK Crescent-Point-Energy-Corp
CPG-T
Stan Wong

Has pulled back recently, so it’s a good time to add more shares. Feels energy prices will remain pretty firm. They just announced production guidance for 2014 that it is going to be higher. Will probably sustain their current levels based on economic movements and economic recovery, especially with geopolitical problems happening globally. 6.1% yield.

Price:
$45.290
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-23 TOP PICK Intertape-Polymer-Group
ITP-T
Fabrice Taylor

Rode the turnaround from $1.30 to $16 and sold his holdings. Stock got weak and went down to $13 or lower. They took their cash flow and increased the dividend by 50%. A conservative board and they wouldn’t have done that unless they were super confident about the future. Also, announced a share buyback of 2 million shares. This goes from being a turnaround story to a dividend story. Thinks that the last legs of the turnaround will produce enough cash to increase the dividend another 50% or more over the next couple of years. Stable, safe and well run.

Price:
$14.010
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Yes
2014-07-23 TOP PICK Michael-Kors-Holdings
KORS-N
Stan Wong

Weakness is due to the assumption that inventories have been growing a bit more, and there has been a little bit more sale product going on than normal. He feels these are just normal ways of business. The recent drop presents a pretty good buying opportunity. Trading at 20X PE with a 20%+ growth rate. Assuming the growth rate continues, this has a PEG ratio below 1. They’ll continue to gain market share. They have products that are more value oriented and more for high-end. 72% of their revenues come from the US, so there is lots of opportunity going into the international markets like Europe and Japan. Also, e-commerce is an opportunity for them going forward.

Price:
$81.710
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-23 TOP PICK National-Bank-of-Greece-SA
NBG-N
Fabrice Taylor

Like all European banks, they have gone through a very rough time. Thinks that the balance sheet repair job is done. Didn’t have to, but was forced to raise a lot of equity which hurt the stock price. Feels the balance sheet is in good shape. Have lots of excess capital. Owns a lot of government bonds, which are going up in value. Now it is just a question of a turnaround in the economy in Greece.

Price:
$3.340
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Yes
2014-07-23 TOP PICK SPDR-Financial-E.T.F.
XLF-N
Stan Wong

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

Price:
$22.970
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-22 TOP PICK Corby-Spirit-and-Wine--A-
CSW.A-T
Colin Stewart

The really interesting element is that whiskey is the big hot trend in the spirits business, and Pernod, their parent, does not have a US whiskey brand. Corby partnered with J P Wisers, their Canadian Rye brand, in order to make a big push into the US. They are just in the early stages. If successful and gets traction, this company’s earnings could go up substantially. If this expansion is successful, you are either going to get a big dividend increase, or Pernod is going to come along and try to buy the remaining piece of this company. Yield of 3.51%.

Price:
$20.970
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
SELECTIVE
Owned:
Yes
2014-07-22 TOP PICK Hudson-Bay-Co.
HBC-T
Colin Stewart

Doesn’t love department stores, but this is a unique opportunity. There are 3 really prominent retail brands under this company, The Bay, Lord & Taylor and Saks. This is run by the real estate Baker family, and the real opportunity here is the monetization and the hidden value of the real estate. $5.5-$6 billion enterprise value company. Thinks the real estate alone could be worth $4 billion, which means you are buying the retail operation for about 3X enterprise value to EBIDA, a very depressed multiple yield of 1.2%.

Price:
$15.250
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
SELECTIVE
Owned:
Yes
2014-07-22 TOP PICK Horizons-S-and-P-TSX-60-Equal-Weight-ETF
HEW-T
Terry Shaunessy

(A Top Pick July 24/13. Up 18.77%.) Likes this because it de-emphasizes financials a little bit. As the property market flattens out, some of the profitability of Canadian banks flattens out as well. The leadership is more with energy and materials.

Price:
$12.990
Subject:
ETF's
Bias:
BULLISH
Owned:
Yes
2014-07-22 TOP PICK Madison-Square-Garden--D-
MSG-Q
Colin Stewart

Entertainment, sports, media company that has a mix of 3 different core businesses. They own the New York Knicks and New York Rangers. People are putting very large values on sports franchises. They also own Madison Square Gardens, and have the development rights/air rights above the building, to build an office building or condo eventually. Thirdly have the regional sports network, which is somewhere in the neighbourhood of $350 million a year. The combination of these things could make it worth as much as $100 a share. Feels the Dolan family could make a bid to make it private at some time.

Price:
$60.220
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
SELECTIVE
Owned:
Yes
2014-07-22 TOP PICK Vanguard-US-Total-Mkt-Ind-ETF
VUN-T
Terry Shaunessy

Total US market. So this is big cap, mid-cap and small cap. You can buy this either hedged or unhedged. This is the unhedged total US market cap, and VUS-T is the one that is hedged.

Price:
$29.920
Subject:
ETF's
Bias:
BULLISH
Owned:
Yes
2014-07-22 TOP PICK iShares-S-and-P-TSX-Gb-Base-Metals
XBM-T
Terry Shaunessy

Any time he has the opportunity in his portfolios to buy international or US indexes in the Canadian market, he does it. This does not have gold in it, but is straight base metals. Nobody has put any new money into mining, and there is not a lot of capacity there. Feels that once this gets going, you are going to see a lot of action in the mining sector. It will always be the big cap guys that lead the sectors back, and that is why he has started with this one.

Price:
$15.510
Subject:
ETF's
Bias:
BULLISH
Owned:
Yes
Showing 1 to 120 of 19,846 entries
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