stockchase picture

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

Recent Top Picks

Date Signal Company Expert Opinion Price
2015-07-30 TOP PICK Arc-Resources-Ltd
ARX-T
Robert Lauzon

A quality company that runs its business like it will be around for another 25 years.  Hold it for a long time and see 10% a year.

Price:
$20.330
Subject:
ENERGY
Bias:
SELECTIVE
Owned:
Yes
2015-07-30 TOP PICK Cisco
CSCO-Q
Zachary Curry

Whether it is Facebook, Google, YouTube, etc. the backbone of the Internet needs to be there, and this is the best provider. One really neat avenue is that they are going to get into the server side of things, where they are going to their customers saying they will build it, service it and clip the recurring revenue on that service contract. Yield of 2.97%.

Price:
$28.300
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-30 TOP PICK Walt-Disney
DIS-N
Zachary Curry

Best in class. Have been spending a lot of money in the last 3-4 years, and feels they are going to stop spending and be able to reap the rewards. They are going to be able to increase the cash flows through their theme parks and Star Wars, and hopefully return some of that to their shareholders. Dividend yield of 1.1%.

Price:
$120.030
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-30 TOP PICK Element-Financial
EFN-T
Zachary Curry

(A Top Pick July 10/14. Up 37.13%.) Great company. Has done very well. Recently raised money to take over the GE leasing business. Still get above 70% of their business from the US. They seem to be funding things in a more conservative way. There is no reason this progress can’t continue.

Price:
$19.390
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-30 TOP PICK Torc-Oil--and--Gas-Ltd
TOG-T
Robert Lauzon

An oil producer, primarily in Saskatchewan that has been hit pretty hard and pays a nice dividend that should not be cut here.  There are going to a lot of acquisitions over the next few years.  He likes the team. 

Price:
$7.120
Subject:
ENERGY
Bias:
SELECTIVE
Owned:
Yes
2015-07-30 TOP PICK Whitecap-Resources
WCP-T
Robert Lauzon

Healthy dividend, good management team, good institutional following for raising money when they need to grow by acquisition.  6.5% yield. It has sold off, but does not have a balance sheet problem.

Price:
$11.710
Subject:
ENERGY
Bias:
SELECTIVE
Owned:
Yes
2015-07-29 TOP PICK AGT-Food--and--Ingredients
AGT-T
Michael Sprung

The seem to be in the right place at the right time with more and more of the world turning to other forms of grain/pulses, as a substitution on gluten ingredients. Next year is the year of the pulse, which will give them a lot more attention. They have been expanding their food ingredients side. This is one of the dominant players in pulses globally. Dividend yield of 2.01%.

Price:
$30.640
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-29 TOP PICK Clearwater-Seafoods-Inc.-
CLR-T
James Telfser

Currently trading at a pretty low valuation based on 1st quarter earnings, which were quite poor, and 2nd quarter earnings which are not expected to be great. This is a seasonal business where the 2nd half is usually much stronger. Raised a bunch of money recently at about $12.25. They have been talking a big game about making acquisitions and looking at assets. This is the sort of business where you if you can buy some quotas and consolidate the industry a little, there are a lot of synergies that can happen. Dividend yield of 1.42%.

Price:
$11.300
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-29 TOP PICK Hudson-Bay-Co.
HBC-T
James Telfser

Doing great things to their stores, and it is increasing sales. Thinks the situation in Germany is very similar to what they had in Toronto. A few flagship stores with great property values that they have spun into a joint venture that they are really going to fix up and hopefully turn around sales. Also, have online strategies that they are going to focus on. Really the value is in the real estate. He calculates the NAV of around $35, and it is trading at a 25% discount to that. Yield of 0.75%.

Price:
$26.500
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-29 TOP PICK Manulife-Financial
MFC-T
Michael Sprung

Since the financial crisis, management has done a wonderful job of de-risking the company and making it less dependent on market trends, generating more fee income and turning it more into a wealth management company. Has opertations in Canada, the US and Asia. The operations in Asia seem to be growing quite rapidly. Recently paid about $1.2 billion up front for long-term distribution of products, which is going to serve them well in years to come. Will do very well with interest rate hikes, and he expects more dividend increases over the coming years. Dividend yield of 2.99%.

Price:
$22.980
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-29 TOP PICK Mitel-Networks
MNW-T
James Telfser

A free cash flow type company that is getting a little bit more on the growthier side with the recent acquisition of Mavenir. Believes that after reporting a few quarters with Mavenir, which is growing at 25%+, you are going to see revenue growth going from 1%-3% to maybe 5%-6%. That is going to cause a re-rating in the shares if they can execute on that, which he believes they can. Trading at 9X earnings. In an environment, where he is having a hard time finding stocks trading below 15X, this name really stands out as being depressed, undervalued and underfollowed.

Price:
$12.010
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-29 TOP PICK Suncor-Energy-Inc
SU-T
Michael Sprung

Canada’s largest integrated oil/gas company. Have significant operations in the oil sands, which is holding them back for the time being, but they make a great deal of their operating profit from downstream operations. Right now refining and margins downstream are doing quite well. Excellent balance sheet with the wherewithal to take advantage of weaker competitors. Likes this as a long-term hold. Dividend yield of 3.35%.

Price:
$34.620
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-28 TOP PICK Boralex-Inc.
BLX-T
Bill Harris, CFA

Has great long-term contracts and a very steady cash flow. They seem to be incrementally adding 2%-4% value per year. He feels he can double his money every 10 years. Yield of 3.84%.

Price:
$13.680
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Yes
2015-07-28 TOP PICK DIRTT-Environmental-Solutions
DRT-T
Jim Huang

They have innovative 3-D design manufacturing ordering system for basically modular furniture, largely office, but expanding into healthcare, hotels, hospitality and even residential. They have a huge running room ahead of them. Not a cheap stock, but has checked back to below $7 and is looking very good. Thinks there is huge upside from here, given the growth rate that they have.

Price:
$6.300
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-28 TOP PICK Labrador-Iron-Ore-Royalty
LIF-T
Bill Harris, CFA

China is making 800 million tons of steel a year, over 50% of the world’s production, but making it to sell to us. Nobody needs that much steel and they are trying to put our steel out of business. Iron ore has really come off and 30% of the world’s production is underwater, so production needs to be turned off. The commodity is now below the cost curve. The Cdn$ fixed costs knocks him onside. This company has no debt. They provide a high-quality product that has to go into steel mills in Europe. Dividend yield of 7.86%.

Price:
$12.900
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Yes
2015-07-28 TOP PICK Suncor-Energy-Inc
SU-T
Bill Harris, CFA

If oil goes down and the Cdn$ drops, it is not horrible but you have to have low cost structure. They have discipline on the financial side and have been able to get their costs down by 30% and can actually make money. Yield of 3.39%.

Price:
$33.180
Subject:
RESOURCE
Bias:
BEARISH on RESOURCES
Owned:
Yes
2015-07-28 TOP PICK Transcontinental-Inc.--A-
TCL.A-T
Jim Huang

In the traditional printing space, which is shrinking. Advertising is soft and they have been in the cost-cutting mode, which has been offsetting that to some extent. They have reinvested into label printing, which is a growth area for them. Dividend yield of 4.77%.

Price:
$14.250
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-28 TOP PICK George-Weston-Ltd.
WN-T
Jim Huang

Basically the parent company for Loblaw’s (L-T) and Shoppers as well as bakery operations. Loblaw’s has been doing well and their integration of Shoppers is almost done. They have the investment in the IT structure which is almost done. The rest of their holdings of bakery, real estate, etc. have been trading at a very low valuation. At the current level, this could probably double if it went back to its historical range. Dividend yield of 1.61%.

Price:
$105.590
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-27 TOP PICK Bank-of-America
BAC-N
Bruce Campbell (1)

Under Book Value, exposure to US housing and has 10% of US retail banking. Yield of 1.13% and will probably have a dividend increase coming in the next few months. It will also be a beneficiary of the higher rates that are coming in September or December. Probably goes into the $20s a year from now.

Price:
$17.670
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-07-27 TOP PICK Blackrock-Inc.
BLK-N
Bruce Campbell (1)

An asset manager that has iShares. A cheap, efficient and chicken way to get some International, non-North American exposure. There are about 40% Europe, Japan and emerging market. A pretty good growth last quarter. Probably rising dividends over time. Dividend yield of 2.59%. He can see this at $400 a year from now.

Price:
$336.240
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-07-27 TOP PICK CT-Real-Estate-Invest-Trust
CRT.UN-T
Derek Warren

He is leaning a bit defensive here.  Great real estate team.  This is a core name with him.  There are opportunities for growth.  It is a good, stable portfolio.  You get the income, but not the volatility.  They might add more retail to their properties.

Price:
$12.230
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-27 TOP PICK InterRent-REIT
IIP.UN-T
Derek Warren

He likes that it is exposure to Ontario, which is a hot market.  You are seeing visibility of low cap rates and developments that will come online.  This will continue to provide income.  The returns will be a little more stabilized than the last few years.

Price:
$6.200
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-27 TOP PICK Merus-Labs-International
MSL-T
Bruce Campbell (1)

Cashed up. A junior Valeant (VRX-T) or Concordia (CXR-T) with higher growth and a much cheaper valuation. Filed a shelf registration for $250 million in equity. Also, listed in New York (MSLI-N), so they can file the shelf. The market thinks that means there is an acquisition coming soon. Upon an acquisition, he sees $4 if they do what he thinks they are going to do. New CEO made a really good impression on Bay Street in the last little round. Very possible that you could make 33% in 6 months.

Price:
$2.930
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-07-27 TOP PICK Pure-Multi-Family-REIT-LP
RUF.U-X
Derek Warren

Garden style apartments in Texas.  An excellent portfolio and you are buying these apartments at a discount.  You also get the benefit of the weaker Canadian dollar.

Price:
$4.990
Subject:
REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-24 TOP PICK Alaris-Royalty
AD-T
Jeff Young

This has a bunch of different businesses such as End of the Roll carpets, Planet Fitness, a Texas construction company. It is a great value proposition to the owners of these companies. Instead of going through a regular private equity type shop, who wants to take a big piece of the equity and try to get control, they invest through a preferred share type of arrangement where it is tied to the top line with built-in collars to grow that over time. Dividend yield of 5.24% and he expects to see continued dividend growth.

Price:
$30.570
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2015-07-24 TOP PICK Capstone-Infrastructure
CSE-T
Jaime Carrasco

This company has a lot of green clients that care for green energy, and these guys are definitely the leader. The stock is down quite a bit, so it is a great entry point. Good dividend at 9.77%. His company has it with a $3.50 target.

Price:
$3.070
Subject:
RESOURCE, UTILITY & REITs
Bias:
BULLISH on GOLD
Owned:
Yes
2015-07-24 TOP PICK DH-Corporation
DH-T
Jaime Carrasco

This is one of those nice boring companies that continues to pay a dividend. They have been transforming themselves into a high-tech company that delivers the same processes. Management is doing very well. His company has it with a $48 target. Dividend yield of 3.04%.

Price:
$42.140
Subject:
RESOURCE, UTILITY & REITs
Bias:
BULLISH on GOLD
Owned:
Yes
2015-07-24 TOP PICK Fairfax-India-Holdings-Corp
FIH.U-T
Jaime Carrasco

A holding company and a growth model of India. High in cash right now and are looking to acquire into India. India is a great place to be playing the Asian market. That is going to be the new economic bloc where growth is going to happen.

Price:
$11.980
Subject:
RESOURCE, UTILITY & REITs
Bias:
BULLISH on GOLD
Owned:
Yes
2015-07-24 TOP PICK Industrial-Alliance-Life-Ins
IAG-T
Jeff Young

Has been more beat up in the market compared to Sun Life Financial (SLF-T) and Manulife (MFC-T), because it has less exposure to outside of Canada, although they do have a bit of US business. Also, their asset management business is seeing a little bit of negative flow. This has brought the stock price down to a level where he is comfortable buying it. Growing Book Value at about 10% a year for over a decade now. Expects to see acquisitions in US insurance and on the asset management side. Dividend yield of 2.76%.

Price:
$39.810
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2015-07-24 TOP PICK Microsoft
MSFT-Q
Jeff Young

Recent earnings were not ideal and they really haven’t grown them over the last several years, so it is kind of a call on the new CEO righting the ship and refocusing away from their forays into other companies. They are focused more on what the world is going to look like going forward with Cloud Services, Office 365 and Windows 10 coming out. There is a refocus on what they are good at and a good vision of what the future’s going to hold. You could see multiple expansion if the earning start to grow. If you add that to some earnings growth, a couple of years out this will be a decent return. Dividend yield of 2.69%.

Price:
$45.940
Subject:
CANADIAN DIVIDEND
Bias:
CAUTIOUS
Owned:
Yes
2015-07-23 TOP PICK Husky-Energy
HSE-T
Martin Davies

Downstream assets.  They buy oil at this level and turn it into gasoline, etc.  It is the place to be.  They repurposed their upstream oil and gas assets to very long life, low decline, and low capital intensity.  Very profitable projects.  They have a series of well thought out horizontal drilling projects in Western Canada.  They use a cookie cutter approach and get very high rates of return.

Price:
$22.580
Subject:
OIL & GAS
Bias:
BULLISH on OIL & GAS
Owned:
Yes
2015-07-23 TOP PICK HBP-Comex-Silver-ETF
HUZ-T
Don Vialoux

Silver normally bottoms right around this time of year. The sector has a tendency to recover very strongly right through until around the beginning of October. It has another period of seasonal strength from around the end of December right through until February each year. Technically, 3 weeks ago, silver was trading at $14.62 per ounce. Gold was $1140. Since that time, silver is at the same price as it was 3 weeks ago, while the price of gold has gone down from $1140 to about $75 per ounce. This means silver is already starting to show seasonality coming into effect. The other factor is if the US$ starts to weaken, which it has started to do, that will be positive for both gold and silver.

Price:
$8.800
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
No
2015-07-23 TOP PICK Precision-Drilling
PD-T
Martin Davies

Not all rigs are the same in this world.  Some are getting to be old technology.  The utilization rate is much better for their rigs.  They have fantastic tier one blue chip clients.

Price:
$6.660
Subject:
OIL & GAS
Bias:
BULLISH on OIL & GAS
Owned:
Yes
2015-07-23 TOP PICK PrairieSky-Royalty
PSK-T
Martin Davies

There are different kinds of royalty streams.  Theirs come from surface to basement royalties that extend over a tremendous section of the country.  It provides certainty for companies with a drilling plan.  Their margins are excellent.

Price:
$27.940
Subject:
OIL & GAS
Bias:
BULLISH on OIL & GAS
Owned:
Yes
2015-07-23 TOP PICK Global-X-Silver-Miners
SIL-N
Don Vialoux

This holds a basket of silver producers. Do not buy this before the end of this month, because the silver producers are going to be reporting horrendous 2nd quarter results. Wait until the sector show signs of bottoming. This could be a very good trade from around the end of this month right through until around the beginning of October.

Price:
$6.550
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
No
2015-07-23 TOP PICK Global-X-Fertilizers-ETF
SOIL-N
Don Vialoux

This is a basket of fertilizer stocks, and an easy way to play the fertilizer sector. Seasonal strength starts around the beginning of July and moves very strongly until around the middle to the end of September. This is followed by a little bit of a dip followed by a very, very strong move right through until the 1st week in January. The earnings for the sector have been really bad and have been trending down for the last couple of years. For the 1st quarter, in the last couple of years, earnings for the fertilizer sector is going to turn positive and earnings on a year over year basis are expected to be up about 15%.

Price:
$11.219
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
No
2015-07-22 TOP PICK DH-Corporation
DH-T
Allan Meyer

One of the companies that was able to make the transition from the old type of technology. They are now considered more like a financial services tech company. Made an acquisition using the cash they had as well as some debt. Still have a reasonable amount of debt to equity. Still thinks it has momentum behind it. Yield of 3.09%.

Price:
$41.550
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-22 TOP PICK Priceline.com-Inc.
PCLN-Q
Gordon Reid

An online site for booking travel and they have hundreds of thousands of relationships with hotels globally. Last quarter they grew international bookings at 29% year-over-year. It is still growing extremely robustly. Currently trading at about 18X this year’s earnings. He is expecting $65 of earnings per share this year.

Price:
$1233.970
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2015-07-22 TOP PICK Richelieu-Hardware
RCH-T
Allan Meyer

Not really a hardware store, but they supply hardware to various things. Import a lot and manufacture and distribute specialty hardware. It does have free cash flow and net cash on the balance sheet. Strong balance sheet. Dividend yield of 0.83%.

Price:
$66.000
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-22 TOP PICK Toll-Brothers-Inc.
TOL-N
Gordon Reid

One of the luxury builders in US housing. They have pricing power and are still coming off the 2008 problem and are getting volume increases. They have secured about 8 years’ inventory of land. Household formations are running at about 1 million a year, and historically they have run at about 50% higher.

Price:
$38.770
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2015-07-22 TOP PICK Visa-Inc.
V-N
Gordon Reid

A transaction company and transactions are growing internationally at 10%+, domestically and in Canada in the high single digits. They are able to grow their earnings at the 18%-20% annual rate. Not an inexpensive stock, but certainly the growth supports the valuation. Have a couple of things coming up that are exciting. They have the Olympics in Brazil as well as FIFA in Brazil. Both of those are sponsored by this company, and there is always a very big uptick in terms of transaction growth when advertise through these mediums. Dividend yield of 0.67%.

Price:
$71.970
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2015-07-22 TOP PICK Winpak-Ltd.
WPK-T
Allan Meyer

Has a wide variety of packaging stuff and are also into the pharmaceuticals as well. This has been one of the best performing stocks that he has owned. Management owns over 50% of the shares. Dividend yield of 0.28%.

Price:
$43.550
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-21 TOP PICK BCE-Inc.
BCE-T
Hap (Robert) Sneddon FCSI

 

Full disclosure: BCE is the parent of their network. He feels that BCE represents a really good buying opportunity. Lows are in place for the last 6 months. Thinks it is a good risk reward. If it gets above $56.00 it looks very intriguing. Target is in the low $70's. Could also look at buying Telus and AT&T, but thinks BCE is more interesting because it offers a full compliment of services.

Price:
$53.510
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-07-21 TOP PICK Emera-Inc
EMA-T
Hap (Robert) Sneddon FCSI

Had it, but sold it. They like it because it had the strongest bounce back that they saw in June. They think it is really interesting. They recently bought it again. Good name. Fantastic balance sheet. They have really good benefits if the US dollar continues to strengthens against the Canadian dollar. Thinks the investors will be rewarded. Better quality, low payout. 20% return over the next year plus the dividend is reasonable.

Price:
$42.300
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-07-21 TOP PICK Magna-Int-l.--A-
MG-T
Barry Schwartz

Thinks the auto market globally is going to continue to grow. We have low interest rates, old car fleets and demand from emerging markets. Thinks the company made a shrewd acquisition in Europe to get exposure in Asia. Dividend yield of 1.56%.

Price:
$70.260
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-21 TOP PICK National-Bank-of-Canada
NA-T
Barry Schwartz

One of the cheapest Canadian banks of the big 6.  Has a valuation of 10X this year’s and 9X next year’s earnings. Dividend yield of 4.57%. He sees the dividend growing again in the 4th quarter. Canadian banks have much more value now than the American banks.

Price:
$45.550
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-21 TOP PICK Saputo-Inc.
SAP-T
Barry Schwartz

What he sees over the long-term is continuation of more acquisitions, more growth into new markets and a rising demand for more proteins globally. Asian economies love pizza and want all the types of food that we are eating, and he thinks that is a good thesis. They are generating a significant amount of free cash flow. The milk/cheese spread is not working in their favour. Sometimes it works for them and sometimes it doesn’t, but what they always do is use that excess cash flow and continue to be smart allocating it and growing shareholder value. Trading at 20X earnings. This company makes nonstop acquisitions and the milk/cheese spread can easily switch into their favour. Dividend yield of 1.75%.

Price:
$29.730
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-21 TOP PICK SPDR-Consumer-Staples-ETF
XLP-N
Hap (Robert) Sneddon FCSI

They really like this name. The whole space has been beaten up a little bit. But the whole space is looking good and making new highs. Really likes it. 10% upside from here plus the dividend.

Price:
$50.040
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-07-20 TOP PICK Bank-of-America
BAC-N
Paul Gardner, CFA

Finally they beat numbers.  The litigations risks are cooling down.  They will benefit from the US housing recovery.  0.8 times book value. 

Price:
$18.120
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-20 TOP PICK JP-Morgan-Chase--and--Co
JPM-N
Patrick Horan

This is one you can put away in your portfolio for years. The yield curve in the US is rising, we have positive capital market flows and thinks we are going to see that continue for years. You want to buy the financials where the domestic economy is doing well. Dividend yield of 2.54%.

Price:
$69.260
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-20 TOP PICK Mainstreet-Equity-Corp
MEQ-T
Paul Gardner, CFA

It is not cheap for a reason.  2-3 story apartment buildings in Calgary and BC.  They are seeing weakness out of Saskatoon.  They are holding up otherwise.  They are great at returning 15% as an internal rate of return.  When you get ejected from your house, where do you go?  An apartment.

Price:
$35.810
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-20 TOP PICK Martinrea
MRE-T
Patrick Horan

This has a pretty good set up over the next couple of years. Have a new CEO who has a pretty good eye for margins and execution. Management is buying stock on the open market, which is showing a lot of confidence. Margins are about 350 basis points lower than the competition. It is still trading at about 10X earnings. If you normalize those margins and put a better multiple on, such as 11 or 12 times, the stock could be up 30%-40% from here. Dividend yield of 0.90%.

Price:
$13.260
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-20 TOP PICK Saputo-Inc.
SAP-T
Patrick Horan

Short. This is still expensive, so he thinks it can go lower. A lot of their earnings are still in Canada, and Canadians pay about double what the US pays in terms of cheese prices. That is probably going away with the new Pacific trade agreement.

Price:
$29.780
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-20 TOP PICK Toronto-Dominion
TD-T
Paul Gardner, CFA

Best in class.  He owned two stocks since day one and this is one of them.  10 times earnings.  Close to half of their assets are in the US.  He thinks the volatility is leaving the sector. 

Price:
$52.700
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-17 TOP PICK Aegon-N.V.
AEG-N
Benj Gallander

A huge insurer out of Holland. They had to be bailed out by the government in the recession. Seem to be recovering nicely. Pays a nice dividend of 3.46%. This is also a play on the US, because they own Transamerica in the  United States. With this play he gets Europe and the US. His target price is better than $20.

Price:
$7.720
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-07-17 TOP PICK First-United
FUNC-Q
Benj Gallander

This is a really small US bank. He has a target price of better than $20 on it. There are only 6 million shares. They did not dilute at all during the recession. He suspects they will restart a dividend before the end of 2016. A well-run company with good capitalization ratios. When it moves, it could actually move fairly quickly because of the share count.

Price:
$8.310
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-07-17 TOP PICK Iteris-Inc
ITI-A
Benj Gallander

This is traffic management, which is a great field to be in. They are in a number of different countries. Currently selling at about Book Value. Had some accounting difficulties that got straightened out with the SEC. They currently have an interim CEO. Insiders own about 28%. Have no debt. They are moving into the agricultural business.

Price:
$1.700
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-07-17 TOP PICK Premium-Brands-Holdings-Corp
PBH-T
Brendan Caldwell

Specialty food manufacturer and distributor that sells to retail and food service segments. There is willingness to be up for better quality of food, and this is where this company has experienced its growth. Dividend yield of 4.07%.

Price:
$34.140
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Yes
2015-07-17 TOP PICK Tricon-Capital-Group
TCN-T
Brendan Caldwell

88% of this company’s real estate investments are in the US, where he thinks there is tremendous upside potential. Interest rates may click higher, but he doesn’t think that is necessarily going to be a bad thing. Most of their holdings are in the States that got hit the hardest during the financial crisis. As a way of participating in a rebound in the US real estate, this is not a bad way to do it. Dividend yield of 2.05%.

Price:
$11.900
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Yes
2015-07-17 TOP PICK Uni-Select-Inc
UNS-T
Brendan Caldwell

Auto paint. They have an auto parts company that they have been selling off in order to refocus and reinvest in their core business.

Price:
$47.450
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Yes
2015-07-16 TOP PICK Bank-of-Nova-Scotia
BNS-T
Douglas Kee

Feels this is probably the best value in banks right now. He likes this because their Canadian domestic retail operations and wealth management are growing quite nicely. The integration of Tangerine is helping them along with cross-selling of wealth management and banking products. Likes the International side. It is more volatile, but a higher margin business. Dividend yield of 4.19%.

Price:
$64.930
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2015-07-16 TOP PICK Cineplex-Inc
CGX-T
Michael Decter

(A Top Pick Aug 6/14. Up 25.22%.) The movie box office has never been stronger. In the last quarter there were 3 movies that are in the top 6 movies of all time. This is a money machine. In many of their locations they have built the full spectrum. While you are watching a movie, you can have dinner in your seat, you can have a drink, etc. Have a huge market share in Canada. Dividend yield of 3.22%.

Price:
$48.620
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-16 TOP PICK Canadian-National-R.R.
CNR-T
Douglas Kee

Increased their dividend by 20% plus this year. Over the last 5 years, their dividend has gone up 13% annualized. The stock is down because of lower volumes of coal, grain and petroleum. However, volumes are up on intermodal and autos. Their guidance is low single digit earnings growth and he thinks that is still possible. Good value at this price. Dividend yield of 1.63%.

Price:
$76.730
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2015-07-16 TOP PICK IMAX-Corp.
IMAX-N
Michael Decter

Not only a great company to own, but is currently on sale for a very specific and short-term reason. They were going to IPO their China theatres, a couple of hundred, but the Chinese market had a very difficult June and all the IPOs got pushed back by the government. They will gradually come to market. Before that, the Q2 reporting is going to really startle people to the upside. This is a long-term growth story.

Price:
$37.930
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-16 TOP PICK JP-Morgan-Chase--and--Co
JPM-N
Michael Decter

Jamie Diamond has done a spectacular job of working this bank through all of their troubles. Likes the growing of their earnings and a lot of their core competencies. They are making a lot of money in a lot of different ways. They will make more money as US interest rates start to come up. The largest bank in the US.

Price:
$69.560
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-16 TOP PICK Pembina-Pipeline-Corp
PPL-T
Douglas Kee

Have increased their dividend by 6% this year. He likes their assets. They have a big CapX program of $5.5 billion over the next 3 or 4 years. Most of that is cost of service or fee for service business. This will get down their energy exposure, which is 35% and it will get it down below 20%. Dividend yield of 4.51%.

Price:
$40.590
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2015-07-15 TOP PICK Apple
AAPL-Q
Bruce Tatters

Look for them to launch a new Apple TV box this fall. They are putting all their content relationships together today, which will be another new category. The iWatch hasn’t had big progress yet, but he expects it will. Also, thinks the new iPhone cycle will continue to grow.

Price:
$126.820
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-15 TOP PICK Bank-of-America
BAC-N
Bruce Tatters

When the recovery in US housing got to a certain state, house prices started to rise and the mortgage rate curve started to steepen. You get a lot more torque in names like this and Citigroup. This one has far more torque than any other US bank. Dividend yield of 1.13%.

Price:
$17.680
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-15 TOP PICK Corning-Inc
GLW-N
Don Lato

The view on this depends on what your thoughts are about 4K TVs. Merrill Lynch says 4K TV is not coming out anytime soon and you should not be in this company. RBC is a believer in 4K TV as the next driver of the earnings growth for this company. As you see companies like Netflix and Amazon producing more and more of their content with 4K capabilities, it is going to bring on demand. Prices are coming down to not much more than a regular LCD TV, which will probably kick up the next leg of television purchases. This is where this company does 40% of their business. Dividend yield of 2.52%.

Price:
$19.060
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-15 TOP PICK Orion-Engineered-Carbons
OEC-N
Don Lato

An old company that has been around for almost 100 years, and is an amalgamation of several companies from all over the world. Became public in July 2014 out of a private equity firm. They make carbon black, which is used in a variety of products, primarily tires and specialty plastic materials. Well-managed. Trading at about 12X next year’s earnings. Dividend yield of 4.03%.

Price:
$18.980
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-15 TOP PICK Performance-Sports-Group
PSG-T
Don Lato

Have diversified into many other businesses besides hockey, including apparel. About 8-9 months ago, they bought the baseball and softball division of Easton Sports. Has been hurt by the falling Cdn$ because of hockey being their biggest market and Canada being the biggest market for hockey. Just pre-released May results with a cautionary note that 2016 earnings are going to be pretty flat because of the currency impact.

Price:
$24.350
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-15 TOP PICK Canadian-Satellite-Radio
XSR-T
Bruce Tatters

Has been a big underperformer for the last several years. Growth has been much weaker than their US counterpart. They basically piggyback content from the US Sirius. Canadian market has been slower to adopt subscribers, but a very interesting trend is that as newer vehicles get bought, satellite radio is growing rapidly. In the secondary market, even 3-5 year old cars are enabled with Sirius satellite. Dividend yield of 7.43%.

Price:
$5.690
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-14 TOP PICK CASH
CASH
Keith Richards

(A Top Pick June 5/15.) Just sold some Chinese ADRs so he has about 50% in cash. Doesn’t plan to keep the 50% over the summer, but is looking to invest in the next week or so, and will probably end up at 40%. If there is a big enough pullback by Sept/Oct, he will be invested 100% again.

Price:
$0.010
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-07-14 TOP PICK iShares-Global-Agriculture-ETF
COW-T
Keith Richards

This is the kind of chart that he likes. It shows a long uptrend from early 2012. What he looks for in a chart that has a strong uptrend is: can you buy it on a pullback to the trend line. Right now it is bouncing off its trend line and has had a couple of up days since that bounce.

Price:
$33.140
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-07-14 TOP PICK Chartwell-Seniors-Housing
CSH.UN-T
Christine Poole

Largest seniors housing operator in Canada. Attractive dividend yield of 4.8%. Have only recently started to increase their distributions, which is good in a rising rate environment. She likes the industry because it bodes well with aging demographics. The seniors’ population is going to double over the next 10-20 years at a much faster pace than the overall general population. Recently sold all of its US properties and have decided to refocus on Canada.

Price:
$11.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2015-07-14 TOP PICK CGI-Group--A-
GIB.A-T
Christine Poole

Half of this is outsourcing, longer-term contracts with recurring revenue stream. The other half is IT services and project-based things, and less long term in nature. Every few years, they do an acquisition and increases its presence in a vertical market or geographic market. About 55% of their revenue comes from Europe, about 30% from the US with the balance from Canada. Acquired Logical at the bottom a couple of years ago, integrated them and improved its margins. They are now ready to do another acquisition, but things are pricey so they are going to hold back. Does not pay a dividend, but is more of a growth stock. Attractively valued.

Price:
$51.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2015-07-14 TOP PICK Keyera-Corp
KEY-T
Keith Richards

This is in the transportation business. It pulled back in late 2014 with energy stocks, but didn’t deserve to. Hit its trend line and started moving up again with higher lows. A good entry point. Dividend yield of 3.25%.

Price:
$41.190
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-07-14 TOP PICK Wells-Fargo
WFC-N
Christine Poole

This is a play on the US economy. It is very domestic so you don’t have to worry about the strength of the US$ and how that is going to impact their earnings. Very good loan growth. The largest mortgage originator and the top lender in autos, small business and midmarket. Very good history and track record of keeping their costs low. Dividend yield of 2.62%.

Price:
$56.250
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2015-07-13 TOP PICK Alibaba-Group-Holding
BABA-N
Rick Stuchberry

This is a platform that the Chinese are using. The Chinese are behind us. They haven’t built as many shopping centres and have a population that is used to using online more than going to the mall. This will provide a multitude of services and the platform looks good. This could be a long term play for decades.

Price:
$79.620
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-07-13 TOP PICK Brookfield-Infrastructure-LP
BIP-N
John O'Connell, CFA

They own rails, storage, toll roads and ports internationally. Nice, steady cash flow type businesses. In Europe, South America and expanding into Eurasia Australia. Very, very well-run company. Dividend growth over the last 5 years has been about 22%. Yield of 4.77%.

Price:
$44.810
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-07-13 TOP PICK Facebook
FB-Q
Rick Stuchberry

This now has all the ducks in a row and is really ready to deliver. It is a bit of a reach on a PE basis, but when you look at who is going to do well in the future, this one stands out. This is a sector that he thinks is going to grow so well that you have to have some of it in your portfolio. 73% of revenues come from mobile sources.

Price:
$87.220
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-07-13 TOP PICK India-Fund-Inc.
IFN-N
John O'Connell, CFA

This is a closed end fund. Trades at almost a 10% discount to NAV. The Indian stock market is down around 15% from its highs. They have consistently been above the benchmark in terms of returns. India is a country that is going to grow the fastest globally next year with about a 7% growth. The only issue is that it is running a deficit of about 6%-7% of GDP. They are going to introduce a VAT tax of around 15%, which will help to restore their debt ratios. Dividend yield of 0.92%.

Price:
$26.860
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-07-13 TOP PICK Kelt-Exploration
KEL-T
John O'Connell, CFA

(A Top Pick Aug 11/14. Down 33.97%.) This remains one of the best financed companies. It has all the attributes that he looks for including good resources, low costs and good management teams. Have bought a lot of assets in the last year for very, very little money. The wells they are drilling right now are huge, booming liquids rich oil wells. Decline rates are quite good. When oil prices go back to $80 or so, this will be a $20 stock.

Price:
$8.440
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-07-13 TOP PICK TerraForm-Power
TERP-Q2
Rick Stuchberry

Basically a green utility. It started out as more of a solar company and is going to 50/50 solar/wind. It has geothermal and hydroelectric. There is lots of growth. They bought part of Atlantic Power (ATP-T) and some wind farms in the West. They can tuck in a lot of acquisitions, and he thinks the dividend growth is going to be significant. A dividend play with growth. 3.3% dividend yield.

Price:
$0.000
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-07-10 TOP PICK Allergan-PLC.
AGN-N
John Stephenson

A specialty pharma company, and is now #3 in terms of size in North America. It is a tax inversion story and is headquartered in Dublin Ireland. Transformed itself by 2 huge acquisitions. Very fast growth with the top line growing at about 11% per year and bottom line growing at almost 20% a year. Trading at a 16.2X forward earnings multiple and a PEG ratio of about .91. Very, very reasonably priced.

Price:
$307.000
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-10 TOP PICK Dr.-Pepper-Snapple-Group
DPS-N
Kash Pashootan

The carbonated beverage industry is not one that is growing globally; in fact it is shrinking by about 8% a year. The unique aspect of this one is that they are targeting Latin America. Right now about 90% of their revenue comes from the US, so they are going into Latin America as their growth engine, and are stealing market share from Pepsico (PEP-N) and Coca-Cola (KO-N). Latin America has the largest soda consumption per capita globally.

Price:
$77.340
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
DEFENSIVE
Owned:
Yes
2015-07-10 TOP PICK Moncler
MONC-IM (Ital E
John Stephenson

A specialty retailer. They predominantly make outerwear. Extremely expensive clothing. This category of affordable luxury goods is growing incredibly fast at about 10.5% globally. A very tightly managed brand. They manufacture in Eastern Europe, so they have very favourable labour rates.

Price:
$0.000
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-10 TOP PICK National-Penn-Bancshares
NPBC-Q
Kash Pashootan

The idea of this is capitalizing on the US consumer, which he feels will be active in the coming years. Regional banks will benefit in the sense that consumers are going to be visiting their branches to get a larger credit card, borrow against their home, etc. Regional banks provide that day-to-day banking service. Good-looking balance sheet. Have reduced their number of underperforming loans and have lots of cash on the side for future ones. Dividend yield of 3.88%.

Price:
$11.470
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
DEFENSIVE
Owned:
Yes
2015-07-10 TOP PICK Rogers-Communcations--B-
RCI.B-T
Kash Pashootan

He owns all the telcos. On this one timing makes sense in that it is undervalued in terms of its peers. They generate the largest percentage of their revenue from wireless, which is a space he likes. The demand that is lost on watching TV is moving towards watching on a wireless, doing more on a smart phone. All of that bodes well for wireless data charges increasing. Dividend yield of 4.38%.

Price:
$44.390
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
DEFENSIVE
Owned:
Yes
2015-07-10 TOP PICK The-WhiteWave-Foods-Co.
WWAV-N
John Stephenson

Plant-based alternative foods, non-dairy creamers, including Silk Almond Milk. Incredibly fast growing. The bottom line is growing at 15% per annum. It ticks all the boxes, healthy eating. What you are seeing is food companies catering to healthy living are on fire. He thinks this gets acquired ultimately because it gives much-needed growth to some of the larger food companies.

Price:
$49.490
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-09 TOP PICK Carnival-Corp.
CCL-N
Andrew Hamlin

Cruising is an underappreciated segment.  It is attracting a lot of people, not just the older demographic.  Fewer ships are being built and demand is increasing.  Cash flow is improving and debt is decreasing.  Asia, China, and Cuba are popular destinations.  There is a 38% growth rate on the dividend.  A lot of the cash flow is currently going to pay down debt. 

Price:
$49.200
Subject:
NORTH AMERICAN - INCOME
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-09 TOP PICK Canadian-National-R.R.
CNR-T
Andrew Hamlin

Rails have been badly beaten up recently.  Rarely do income investors get to buy such opportunities.  When the Panama Canal expansion completes, who has the lines all the way down to Central America?

Price:
$71.750
Subject:
NORTH AMERICAN - INCOME
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-09 TOP PICK Electronics-Arts-Inc
EA-Q
David Burrows

This company sells something that is not that expensive and that people get hours and hours of use out of, so there is a very good value proposition. They have the strongest franchise in video games by far. Have all of the big Madden football, FIFA soccer, etc. These are games that people renew almost every year. Right now the market is in the midst of a console transition to PlayStation 4 and Xbox 1. Historically the 3rd year of that transition is the strongest year and we are headed into that year. The market is moving to an online sales model, so people are buying these games and upgrades digitally as opposed to going into a store. This means the company gets a much better profit margin. They’ll generate close to $1 billion in cash in 2016. They are going to release the new Star Wars game. Initially said they were going to sell 1 million copies, but have now updated that to about 11.5 million copies.

Price:
$70.500
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Yes
2015-07-09 TOP PICK Goldman-Sachs
GS-N
David Burrows

The premier capital markets business globally. Mergers and acquisitions right now are coming at a very rapid pace and they are big beneficiary of that. Increased volatility is good for trading revenues. The legal environment is starting to get a little bit better. Dividend yield of 1.27%.

Price:
$204.810
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Yes
2015-07-09 TOP PICK NXP-Semiconductors
NXPI-Q
Andrew Hamlin

Semiconductors.  Cyclical, but it doesn’t matter what oil does.  It is the number of new tablets or cell phones and the number of new cars with all the new sensors.  They are acquiring Free Scale that will make them one of the largest automotive semiconductor manufacturers in the industry.  It is much undervalued.  There is no dividend and a lot of leverage that will come down.

Price:
$96.470
Subject:
NORTH AMERICAN - INCOME
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-09 TOP PICK UnitedHealth-Group-Inc
UNH-N
David Burrows

This company sells health plans. They are about the biggest in the US. There is a growing population of people over 65 and 85 who are buyers of these plans. Obama care has been supportive of insurance plans across the board. This is a business that is consolidating. Beat their most recent quarter by 8%. Dividend yield of 1.68%.

Price:
$120.700
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on US EQUITIES
Owned:
Yes
2015-07-08 TOP PICK Barclays-Bank-PLC
BCS-N
Paul Harris, CFA

Not an expensive stock. .7 times book value. Their problem is that it has been too beauracratic, they are moving away from that. Have a great franchise in retail, cars, and Africa. They will continue to do well.

Price:
$16.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR
Owned:
Unknown
2015-07-08 TOP PICK Cineplex-Inc
CGX-T
Jerome Hass

Long Cinemark CNK-N/ Short Cineplex CGX-T. Pairs trade. Feels Cineplex is an overowned/overvalued name at 77% market share in Canada. Cinemark trades at 30% discount. The pairs trade takes out the box office risk.



Price:
$46.660
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2015-07-08 TOP PICK Cinemark-Holdings
CNK-N
Jerome Hass

LONG Cinemark CNK-N/ SHORT Cineplex CGX-T. Pairs trade. Feels Cineplex is an overowned/overvalued name at 77% market share in Canada. Cinemark trades at 30% discount. The pairs trade takes out the box office risk.



Price:
$40.700
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2015-07-08 TOP PICK DirectCash-Payments-Inc
DCI-T
Jerome Hass

Is an unloved trade. Has been hit hard in the last two months by short sellers. They run the exchange network. The tap and go system for credit and debit cards has diminished the use of cash, which has hurt them, especially in Austrailia. He thinks the market has overreacted. Has recently increased dividend to 11% and he thinks it is sustainable.



Price:
$12.760
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2015-07-08 TOP PICK DH-Corporation
DH-T
Paul Harris, CFA

A great play in the US. 60% revenue comes from US. Div $0.32, yield 3.24%. Bank technology business. Won't see the dividend grow much over the next couple of years. More interested in growing their business.

 

Price:
$39.460
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR
Owned:
Yes
2015-07-08 TOP PICK Element-Financial
EFN-T
Paul Harris, CFA

Due to a recent deal, they are the largest fleet leasing company in North America. Have assets in US, Mexico, Austrailia, and New Zealand. The next couple of quarters numbers are going to be fuzzy because of businesses they are taking over. Great story, good organic growth.

 

Price:
$19.500
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR
Owned:
Yes
2015-07-08 TOP PICK Valeant-Pharmaceuticals
VRX-T
Jerome Hass

Short Valeant Pharmaceuticals. Have to do a lot of acquisitions in order to maintain growth. Thinks it has run out of momentum.



Price:
$286.090
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2015-07-07 TOP PICK Crescent-Point-Energy-Corp
CPG-T
John Zechner

He is warming up more to the large oil companies, but he wouldn’t call himself a bull on oil. Thinks OPEC is going to draw more of a line in the sand on defending a $60-$70 oil price. That gives him comfort that we are not heading to $30-$40 oil. They hedged forward all this year’s  production at better than $80 a barrel and are now using their balance sheet to make accretive acquisitions. They are buying some of the depressed, distressed juniors. Dividend yield of 10.59%.

Price:
$26.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2015-07-07 TOP PICK Great-Canadian-Gaming-Corp
GC-T
Jason Mann

He is looking for stable stocks that can weather the storm. This scores in the top 20% for him on both value and price momentum. High free cash flow yield at around 9%. He likes that this is a pretty stable cash flow story. It gives management a lot of options in terms of what they can do to take value to shareholders. Have been very active on buybacks. There is always a possibility that they will take the company in on a management buyout.

Price:
$23.110
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2015-07-07 TOP PICK Google
GOOG-Q
John Zechner

(A Top Pick June 2/14. Down 4.96%.) There has been a lot of negative opinion on this recently, but it reminds him of Microsoft when it was in the mid-$20 and people were saying there was no more growth. This hasn’t even slowed down its earnings growth. The catalyst could be some of their outside assets, such as the Android operating system, which owns 70% of the smart phone market globally. He likes this and thinks it is a great long-term story.

Price:
$525.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2015-07-07 TOP PICK Magna-Int-l.--A-
MG-T
Jason Mann

This is really best of breed for auto parts. Scores very high for him on both price momentum and valuation. It has been perpetually undervalued, and despite the stock moving up over the past couple of years, the valuation is still there. High ROE’s and a reasonable valuation on EBITDA at 6.7 times. No net debt and has a great balance sheet. Has the ability to make accretive acquisitions. Dividend yield of 1.53%.

Price:
$72.650
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2015-07-07 TOP PICK Martinrea
MRE-T
John Zechner

Even though valuation has moved up a lot in the past year, it is cheaper than the rest of the group in cash flow and earnings. More importantly, they have stuck money into new programs and facilities over the past couple of years and thinks they are just turning round now to the harvesting of those operations. They have a lot of new programs coming into place. You are looking at 10%-15% earnings growth a year at least, over the next 3 years. They are the biggest player on aluminum parts in cars, which is one of the highest areas of growth. Higher European luxury growth. Also, the Cdn$ benefits them. Dividend yield of 0.89%.

Price:
$13.430
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Yes
2015-07-07 TOP PICK Teck-Resources-Ltd.--B-
TCK.B-T
Jason Mann

Short. Coal is definitely one of the key drivers on the valuation. This has a near perfect combination of negative headwinds. 1) Poor commodity pricing on zinc and coal and 2) a stressed balance sheet. Low return on equity at about 2.1X. Have missed multiple earnings reports and have negative cash flow. He has also started to see some stress in the credit market. Dividend yield of 2.58%.

Price:
$12.260
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Yes
2015-07-06 TOP PICK AGT-Food--and--Ingredients
AGT-T
Bill Carrigan

Chart shows a long period of sideways congestion from September through to May, followed by a breakout which it is testing right now. Hit an all-time high recently, and when a company does this, it is never the last one. It should work higher.

Price:
$30.790
Subject:
TECHNICAL ANALYSIS
Bias:
OPTIMISTIC
Owned:
No
2015-07-06 TOP PICK iShares-Global-Agriculture-ETF
COW-T
Bill Carrigan

This tracks specific agricultural stocks. Chart shows an advance from January through to April, followed by a bit of a consolidation in June. He thinks this is going to break out and go higher.

Price:
$32.930
Subject:
TECHNICAL ANALYSIS
Bias:
OPTIMISTIC
Owned:
No
2015-07-06 TOP PICK General-Electric
GE-N
Norman Levine

It was a very good industrial based company.  It was transformed to financial just in time for the financial crisis.  They are in the process of disposing of their financial exposure.  It is trying to transform itself back into an industrial conglomerate.  He thinks this is very positive.

Price:
$26.310
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-06 TOP PICK Input-Capital-Corp
INP-X
Bill Carrigan

This company finances canola crops. There is a new bull cycle in rapeseed. He likes the grains in general and thinks this company is going to be a beneficiary of a recovery in the grain market.

Price:
$3.000
Subject:
TECHNICAL ANALYSIS
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-06 TOP PICK SNC-Lavalin-Group-Inc.
SNC-T
Norman Levine

The Government of Canada said they are changing the anti-corruption rules.  SNC cleaned themselves up.  This new regulation no longer prevents them bidding on government contracts for 10 years.  They are still winning new contracts.  It is costing them because the world bank has them shut out still.

Price:
$42.130
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-06 TOP PICK Vodafone-Group-PLC
VOD-Q
Norman Levine

Europe used to be far ahead of us in cellular.  Now North America with LTE is ahead of Europe.  They are starting to spend money on infrastructure and raising rates there.  In Europe the government wants to decrease the number of players.

Price:
$35.980
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-03 TOP PICK Alimentation-Couche-Tard--B-
ATD.B-T
Mike S. Newton, CIM FCSI

Second largest convenience store operator. They continue to just keep delivering solid results. They digested the Pantry acquisition in the US and we’ll see how that is going on when they report on July 14. Dividend yield of 0.33%.

Price:
$53.800
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-03 TOP PICK Alimentation-Couche-Tard--B-
ATD.B-T
Bruce Campbell (2)

This is really a cash flow machine. Have been growing cash flow and earnings at a phenomenal rate for the last 5 years. Earnings have grown at almost 30% compounded per year. They just keep building up cash and then going out and make an acquisition. Have really freed up their balance sheet in the last little while. After they made a pantry acquisition they have been paying down some of their debt, and he wouldn’t be surprised if they made another acquisition fairly soon. Every time they make an acquisition, the market always doubts what they have done, but turns out better than what has been expected. Dividend yield of 0.33%.

Price:
$53.800
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-03 TOP PICK Carmanah-Technologies
CMH-T
Bruce Campbell (2)

They provide different solar products in a number of different areas. A couple of years ago they had a business that wasn’t really doing so well operationally and they brought in a new management team, which had almost an immediate effect on turning the business around. Not only have they turned the business around, but they are making acquisitions. He thinks the wind is at their back for their products. Solar products have come down a lot in costs to the point where a lot of them are really comparable to what people would do in other situations. A good example would be a parking lot where you would normally string up lights that would be attached to the grid, but now they can make a solar parking lot and everything is off grid. Management owns about 45% of the stock.

Price:
$7.040
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-03 TOP PICK DIRTT-Environmental-Solutions
DRT-T
Bruce Campbell (2)

A technology driven manufacturing technology company that makes customized interiors. This is just at the very beginning of the company taking off. They are building interiors and are in new areas. The 2 new areas are healthcare and the residential market. This is a company where you will see lots of room for them to grow over the next few years. Stock price has pulled back a fair bit, so it really presents a nice opportunity for investors. The numbers tend to be fairly lumpy, so they will have a great quarter followed by a quarter that is not so strong. Expects you will see their 2nd quarter come out. It won’t be as strong as the 1st, but the 3rd and 4th will be fairly strong.

Price:
$6.860
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-07-03 TOP PICK iShares-US-Healthcare-E.T.F.
IYH-N
Mike S. Newton, CIM FCSI

A sleeping giant that he has had in his portfolio for a long time. He recommends that you read Byron Wien’s piece about innovation, biotech, healthcare. This ETF has great holdings. 40% exposure to pharmaceuticals, 25% exposure to the biotech sector, a well-rounded portfolio of names. In the past, these names have been thought of as a defensive kind of positioning, but feels they have slowly moved into the growthy areas of the markets, with huge innovations in medical and biotech. In a rising rate environment, if you are looking for something that is defensive but participates with a bit of growth, this might be a really attractive place to hide out.

Price:
$159.490
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 120 of 21,248 entries
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