Recent Top Picks | StockChase
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Compiling comments that experts make about stocks while on public TV.

Recent Top Picks

Date Signal Company Expert Opinion Price
2016-05-02 TOP PICK Cara-Operations-Ltd.
CAO-T
Norman Levine

Brand new for him.  He likes it because he wanted to increase his presence in Canada, but not in resources.  It is the Canadian consolidator in the restaurant business.  The dual class share structure is their only drawback. 

Price:
$31.680
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-05-02 TOP PICK Kuehne--and--Nagel-Intl.
KNIN-VX
Norman Levine

Swiss exchange and on the pink sheets in New York.  If you believe in growth in global trade then you want to own this one.  They have a lot of cash and no debt.

Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-05-02 TOP PICK Power-Financial-Corp
PWF-T
Norman Levine

(Top Pick Apr 17/15, Down 7.45%) Great West Life, IGM and European investments.  What is needed is higher interest rates to invest premiums in.  He is keeping it.  It goes up and down along with their assets. He likes the long term outlook for the insurance business when rates start to go up.  He likes IGM and the European assets that he thinks are undervalued.  They have gone back to raising their dividend on a regular basis.

Price:
$33.030
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-05-02 TOP PICK Vanguard-FTSE-Cdn-High-Div-Yd.
VDY-T
John DeGoey

For people who are trying to find ways to get income and trying to get some diversification, instead of buying individual companies or individual sectors, why not just buy all the things that are paying dividends, get it cheaply, get broad diversification. He thinks the worst is behind us and that we hit the bottom in Jan-Feb.

Price:
$29.100
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-05-02 TOP PICK Vanguard-MSCI-Emerg.-Mkt.-ETF
VEE-T
John DeGoey

(A Top Pick May 27/15. Down 17.24%.) Likes this very much, but it has been down a lot. He continues to believe that emerging markets are a ridiculously under owned asset class in Canada. This is probably the market leader in the Canadian market space. It is going to be a more volatile play, but this is a part of the world that is growing at 4%-6% GDP growth in a growing middle class. Very cheap and very diversified. This will be a long-term hold.

Price:
$26.290
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-05-02 TOP PICK iShares-CNX-Nifty-India
XID-T
John DeGoey

If you want to get into emerging markets, but want to avoid China and still have the growing middle class, India is the way to go.

Price:
$25.830
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-04-29 TOP PICK Performance-Sports-Group
PSG-T
Don Lato

This just took a major haircut. Has never seen a stock fall so precipitously in one day, and yet still not be concerned about bankruptcy. Had announced the currency exchange was going to hurt them in the quarter, but that has gotten better. Also, announced they were going to take a write off on a receivable to Sports Authority which had declared Chapter 11. They are far from any breach of their debt covenants, and are still generating a ton of cash. A very well-managed company.

Price:
$4.570
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-29 TOP PICK Tourmaline-Oil-Corp
TOU-T
Don Lato

(A Top Pick May 4/15. Down 32.12%.) You don’t have to look any further than the price of gas, versus a year ago to see why it is down. It has grown tremendously over the past year. Very, very well-managed company. Has been busy enhancing its infrastructure to position for the eventual recovery in natural gas.

Price:
$28.670
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-29 TOP PICK Walgreen-Boots-Alliance
WBA-Q
Don Lato

This has been as high as $97 last summer when the market peaked, and is now down around $80. Good financial operators and have made several very strategic acquisitions. Trading at around 15-16 times earnings. Lower than the market multiple, yet better growth potential. Well positioned to continue benefiting from the aging population’s healthcare needs. Dividend yield of 1.83%.

Price:
$78.760
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-28 TOP PICK Alimentation-Couche-Tard--B-
ATD.B-T
Bruce Campbell (1)

This has been as high as $61. It is a consolidator. They have been a beneficiary of energy, because Imperial, Shell and Europe have been selling their gas stations. Thinks they have suffered from being a source of funds for people to buy oil stocks, because they have been a kind of reverse indicator. It is back under 20X earnings for the 1st time in a while. Management is really good. Dividend yield of 0.50%.

Price:
$53.910
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-28 TOP PICK Airboss-of-America
BOS-T
Michael Smedley

This is a buy now because it is down at $15, which is extraordinarily run down.  It is a North American leader in their products. 

Price:
$15.470
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-28 TOP PICK Cardinal-Energy-Ltd
CJ-T
Bruce Campbell (1)

A very low beta way to have energy. A Western Canadian oil producer with low decline. They are 60% hedged this year and 35% next. Good balance sheet. If he is wrong and oil goes down to $30, this will go down, but not as much as others. Dividend yield of 4.57%.

Price:
$9.190
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-28 TOP PICK First-National-Financial
FN-T
Michael Smedley

He hopes there will be a cheaper entry point.  The company is brilliant because they are the top of their class in mortgage broking.  They are above all the other banks.  TD-T sends them their external mortgage broking business.

Price:
$27.150
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-28 TOP PICK Manulife-Financial
MFC-T
Bruce Campbell (1)

This has pulled back, a lot like US banks. Lifecos are all exposed to interest rates, and get squeezed when rates don’t go up. This has a lot of growth in Asia that is kind of non-interest rate exposed. They also have John Hancock in the US. He is showing 9X earnings and a discount to Book forward, which is as cheap as these things get. It will go back to $21-$22. Dividend yield of 4.03%.

Price:
$18.380
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-28 TOP PICK Pretium-Resources
PVG-T
Michael Smedley

He has held it for a long time.  This week it had fabulous grades.  It will be into production towards the end of next year. 

Price:
$9.830
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-27 TOP PICK AutoCanada-Inc.
ACQ-T
Mike S. Newton, CIM FCSI

If you were to chart out oil prices against this name, you would see quite a bit of a correlation, because this is looked at as being a Western company. Thinks this is all baked into the price. Dividend yield of 4.69%, and the balance sheet is sufficient enough to cover that in the near term.

Price:
$21.330
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-04-27 TOP PICK Adobe-Systems
ADBE-Q
Mike S. Newton, CIM FCSI

An interesting discovery for him when he was looking for low volatility names. What attracted him was that they completely changed the way they distributed their business as a subscription model. This makes it much more affordable for smaller businesses and individuals, and also makes strides to eliminate the potential for pirated and illegal copies. Their most recent earnings were really surprisingly good, and the adoption rate was a very, very high.

Price:
$95.640
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-04-27 TOP PICK Comcast-Corp
CMCSA-Q
Mike S. Newton, CIM FCSI

Had great earnings last night and the stock popped. They continue to deliver incredibly good growth rates. The Universal Pictures division has a great slate of movies coming up. Has low volatility combined with a pretty good dividend of 1.79%. There was news that they might be trying to acquire DreamWorks for $3 billion, about 2% of Comcast’s market cap.

Price:
$61.300
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-04-27 TOP PICK Diversified-Royalty-Corp.
DIV-T
Fabrice Taylor

Owns Mr. Lube, Sutton Realty and Fran Works a restaurant group. Fran Works is heavily concentrated in Alberta, so sales are weak. It has driven the stock price down creating a 10% dividend yield. If oil prices continue to improve, even slowly, sentiment will improve. If investors in one year decide that they’ll accept an 8% dividend yield from the stock and the dividend doesn’t change, you are looking at a 35% upside. 10% on the yield and 25% on the stock. They are diversifying away from these 3 royalties. Dividend yield of 9.51%, and he would recommend the DRIP.

Price:
$2.300
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-27 TOP PICK Fitbit-Inc
FIT-N
Fabrice Taylor

A very, very interesting product. Fitness and wearables is a big thing. Trading at about 12X forward earnings. Not a low risk proposition, but they are making money and have $3 a share in cash. An interesting speculation.

Price:
$17.880
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-27 TOP PICK Helius-Medical-Technologies
HSM-T
Fabrice Taylor

Makes a medical device called the PONS, which appears to dramatically improve the results of therapy for people with brain injuries. They are in an FDA 3rd round right now. Results will probably be out in Q3. If results are positive, the stock will multiply, if not the stock is going to get crushed.

Price:
$1.580
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-26 TOP PICK Air-Canada--B-
AC-T
Jerome Hass

*LONG* (Pairs trade with a Short on Air Transat (TRZ-T). It’s not so much that he likes this company, but he wants to hedge out some of the industry specific risks such as jet fuel prices, weather, regulations.

Price:
$8.390
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-04-26 TOP PICK Callidus-Capital-Corp
CBL-T
Jerome Hass

The only listed asset back lender in Canada. When people hear they are lending to distressed companies, it makes them nervous. It is easy to paint a bearish case. It bottomed out at about $7. Just announced a substantial issuer bid. He likes the downside protection. There is $14 of substantial issuer bid for it, and on top of that the CEO has said that if the share price doesn’t reflect the underlying fundamentals, he is going to take the company private at year-end. A newly released independent valuation report indicated it is worth $18-$22. He likes the downside risk. Dividend yield of 5.07%.

Price:
$13.840
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-04-26 TOP PICK Discover-Financial-Services-LLC
DFS-N
John Stephenson

This is a direct bank as well as a card business. Very, very strong earnings growth. Also, have a strong loan growth. Really a top pick in the financial services sector. Attractively valued. Cheap and very good growth. Dividend yield of 1.96%.

Price:
$57.070
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-26 TOP PICK Guess-Inc
GES-N
John Stephenson

*SHORT* This company is really struggling. A retailer whose operating profit has declined annually by 24% in the past 3 years. Revenue has declined by 6%. Predominantly a denim company that does jeans. Denim essentially is in decline. The demographic they cater to is predominantly young people, 18-30 year olds, who have essentially been hurt the hardest by the slowdown in the economy. Dividend yield of 4.89%.

Price:
$18.420
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-26 TOP PICK Constellation-Brands-Inc
STZ-N
John Stephenson

Liquor and wine. The wine businesses are where they are starting to rip. They are one of the largest liquor distributor and consumer package companies out there. This is growing at 5% versus beer companies at 1% or 2%. Also, owns some very interesting beers. The wine is where they are really getting the pickup, because millennials are starting to want it, and there is a real move in wine sales. Yield of 1.02%.

Price:
$156.250
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-04-26 TOP PICK Tucows-Inc.
TC-T
Jerome Hass

This has 2 businesses. Domain registrations and reselling of mobile phone services. In the mobile phone selling, they specialize in doing customer service themselves. As an offshoot of that, they have launched a 3rd business, high-speed Internet to non-urban locations in the US. Trading at a reasonable valuation with a growth profile and generates a lot of cash flow. Bought back over 50% of their shares since 2007.

Price:
$31.050
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-04-26 TOP PICK Transat-A.-T.
TRZ-T
Jerome Hass

*SHORT* (Pairs trade with a Long on Air Canada (AC-T). This has razor thin margins, so any little hiccup can throw them into losses. Last quarter there was warm weather, the currency, a threat of pilot strikes, Zika mosquitoes. Had very ugly Q1 numbers. Management indicated Q2 was going to be ugly as well. Everyone is putting capacity on this summer for Europe, which he doesn’t think will bode well for them. To hedged this out, he has a Long on Air Canada.

Price:
$8.190
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-04-25 TOP PICK A-Comment----General-Comments-From-an-Expert
A Commentary
Paul Tepsich

Government of Canada Bond 3.5% maturing 12/1/2045.

Price:
$0.020
Subject:
Canadian Small-Mid Cap & Fixed Income
Bias:
BEAR
Owned:
Yes
2016-04-25 TOP PICK Athabaska-Oil-Sands-Corp
ATH-T
Paul Tepsich

7.5% bond maturing Nov 19/17. Probably one of the only exploration/production companies on the continent that is in a net cash position. It will have about $900 million in cash when they do the Murphy Oil joint venture, and have about $800 million of debt. The bond is worth $550 million. More senior to it is a bank debt of about $250 million. The $250 million debt matures after the bond in 2019, which is not a position that bankers usually like. The loan has a “springing” maturity, which means if any of the bonds are outstanding 6 months before they are due, the bank debt becomes due immediately. The company likes the bank debt which has a very attractive terms. Thinks the company is going to do a combination of paying down all this bond and maybe refinance with the new bond for $150 million.

Price:
$1.180
Subject:
Canadian Small-Mid Cap & Fixed Income
Bias:
BEAR
Owned:
Yes
2016-04-25 TOP PICK Clarke-Inc.
CKI-T
James Rife

They did a good job    Management owns a big chunk and they have a lot of cash.  They had a lot of buybacks over the last year.

Price:
$9.550
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2016-04-25 TOP PICK Canexus-Corp
CUS-T
Paul Tepsich

A chemical company. Waiting for approval of a merger with Superior Plus (SPB-T). This is an all share deal. Once the regulators approve this, shareholders will end up with .135 shares of superior for each share they own. Trading at a 15% discount right now. Thinks there is huge upside synergies once the 2 companies are merged. Dividend yield of 2.84%.

Price:
$1.400
Subject:
Canadian Small-Mid Cap & Fixed Income
Bias:
BEAR
Owned:
Yes
2016-04-25 TOP PICK Gamehost-Inc
GH-T
James Rife

Discretionary name, casinos in Alberta.  The stock is only up about 20 from the lows.  Management owns about 48%.

Price:
$10.550
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2016-04-25 TOP PICK Information-Services
ISV-T
James Rife

Land registry service.  This is a great way to play Saskatchewan in a rebound.  If you are too early you are safe as it is a long term asset. 

Price:
$14.710
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2016-04-22 TOP PICK Birchcliff-Energy-Ltd.
BIR-T
Josef Schachter

Super low cost gas producer. $.31 off costs and $.31 processing costs. $.10 for royalties. $.70-$.80 total costs. At $1.50 gas, they make money. They have a massive reserve life, 24 years of proven reserves, 39 years of 2P reserves. They are going to produce about 40,000 BOE’s a day this year. Net CapX will be less than cash flow, $1.28 versus $1.43. Last year they did a cash flow of $1.06 and thinks they will do under $1 this year. This is a Buy on any weakness.

Price:
$4.770
Subject:
OIL & GAS
Bias:
BEARISH on ENERGY
Owned:
No
2016-04-22 TOP PICK Gran-Tierra-Energy-Inc.
GTE-T
Josef Schachter

Colombia producer. 28,000 barrels a day. They should do $.35-$.40 a day in cash flow this year. Balance sheet is very strong with $90 million of cash. They are going to be an acquirer. Just made 2 acquisitions at the end of last year. Fabulous balance sheet.

Price:
$3.750
Subject:
OIL & GAS
Bias:
BEARISH on ENERGY
Owned:
No
2016-04-22 TOP PICK Pengrowth-Energy
PGF-T
Josef Schachter

Management has done a great job. Have very big strong supportive shareholders. Probably going to do $.70 in cash flow this year. The big problem is the debt, and they are working to sell assets. Will probably do about $300 million in asset sales this year to pay down debt. A very good balance sheet with almost $600 million of hedge gains, which they can use to pay down debt.

Price:
$1.870
Subject:
OIL & GAS
Bias:
BEARISH on ENERGY
Owned:
No
2016-04-21 TOP PICK Alaris-Royalty
AD-T
Alex Ruus

This is a great, great company. A royalty owner in non-resource private companies. A really well run company with a conservative balance sheet. Trading at 13X 2007 earnings. Thinks there has been 10 dividend increases over the last 5 years. Dividend yield of 5.3%.

Price:
$30.620
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-21 TOP PICK Corus-Entertainment--B-
CJR.B-T
Kash Pashootan

It has been out of favour with investors.  The fears of pick and play are overblown.  0.6% of subscribers have gone for it.  Now that the SJR.B-T deal is done they have focused their offering.  The dividend is high, but the coverage is also high.

Price:
$11.870
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
No
2016-04-21 TOP PICK First-American-Corp.
FAF-N
Kash Pashootan

Title Insurance is the meat and potatoes of what they do.  If the US housing markets continue to plug along then this one will do well.  It is also a future play on rates.  If they rise, then this one stands to benefit.

Price:
$35.590
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2016-04-21 TOP PICK Gilead-Sciences-Inc.
GILD-Q
Alex Ruus

This is one of the cheap stocks. A $130 billion market cap company that generates $20 billion of free cash flow every year. The stock has come off, mostly because of Hillary Clinton and other politicians going on about expensive drugs. They have a state-of-the-art drug that cures hepatitis C. 14% free cash flow yield. Dividend yield of 1.69%.

Price:
$101.740
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-21 TOP PICK McDonalds
MCD-N
Kash Pashootan

He did well when it was a top pick a year ago.  It is good if you have a balanced portfolio.  They have turned things around with the new menu, delivery and the apps.  The beta is 0.6 so it is half as volatile as the entire market.  You can live with it in the bad times.  This allows you to be in the market, but not lose sleep at night. 

Price:
$125.790
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2016-04-21 TOP PICK Magna-Int-l.--A-
MG-T
Alex Ruus

Number 2 auto parts company globally. A beneficiary of the globalization of the auto industry. They are buying back stock and have a 6% free cash flow yield. Cheap at 7X 2017 earnings. Dividend yield of 2.41%.

Price:
$54.910
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-20 TOP PICK Aegon-N.V.
AEG-N
Benj Gallander

A big insurer out of the Netherlands, with about $40 billion in revenues. It almost went under during the recession and the Dutch government bailed them out. They are international. They own Transamerica Insurance in the US. They are also into pension and wealth management. Thinks the euro is going to come back to some degree and there will be some movement upwards. Looking for this to go up above $20. Dividend yield of 4.89%.

Price:
$5.920
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-04-20 TOP PICK Allison-Transmission-Holdings
ALSN-N
Stephen Groff

Generating very high returns, very high margins, and a lot of cash flow. You have to look at free cash flow on this, because they have everything from NOLs meaning that they convert higher percentages of revenue of EBITDA into cash flow. Margins are very high, north of 30%, because a lot of technology goes into making heavy-duty applications for everything from garbage trucks to school buses. Dividend yield of 2.17%.

Price:
$27.560
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2016-04-20 TOP PICK Brookfield-Infrastucture-Partners
BIP.UN-T
Stephen Groff

This as a very opportunistic capital allocator. Instead of thinking of the actual assets, it is important to think of the people behind the assets. The management team is very good and rock solid, going around the world finding the best place to make money. They find areas of distress. Trading at a reasonable multiple of FFO, and more importantly they can take significant amounts of liquidity and deploy it into distressed parts of the market. Today one of them is the US energy sector and Brazil. Dividend yield of 5.9%.

Price:
$53.010
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2016-04-20 TOP PICK Reitmans--Canada--Ltd.--A-
RET.A-T
Benj Gallander

Lost $16.5 million last quarter. A big part of that was that they source a lot of their goods in the US, and have to sell them in Canada. When the Cdn$ got killed, that cost them a lot of money. The Cdn$ is coming back to some degree which will help. This past quarter their revenues were about even, but that is on 56 fewer stores. Same-store sales went up a couple of points. Internet sales went up 69%. A clean balance sheet. Dividend yield of 4.54%.

Price:
$4.410
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-04-20 TOP PICK United-Security-Bancshares-Inc
USBI-Q
Benj Gallander

A small banking company based in Alabama. This bank did not dilute during the recession, so they have just over 6 million shares outstanding. Insiders own a nice piece. They are profitable, not as much is they were, but that will go up. Thinks this could triple. Dividend yield of 0.97%.

Price:
$8.220
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-04-20 TOP PICK Walgreen-Boots-Alliance
WBA-Q
Stephen Groff

CEO Stefano Pessina is a visionary, who is a key part of the transformation in US healthcare. It is all about taking costs out of the system, becoming more efficient, and recognizing that you can’t just rely on higher prices. They are taking their store network, driving costs out, and basically reinvesting that into a better experience. Dividend yield of 1.77%.

Price:
$81.130
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2016-04-19 TOP PICK Blackrock-Inc.
BLK-N
David Burrows

He likes equity markets and the bull market in the US going forward. Also, likes the secular trend and growth in the use of the ETFs. This one is the undisputed leader. $4.7 trillion in assets. Net inflows regularly. They have had about $100 billion in new assets come in the door in the last couple of months. Margins are growing. If you believe that markets can go higher, that is a growth in fees. If you believe they can grow new assets, that is a growth in fees. If you believe that ETF’s will take market share, that is a growth in fees. Has a 2.5% dividend yield that will grow at 12%-14% a year. Trading at 18X earnings.

Price:
$364.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-04-19 TOP PICK Chartwell-Seniors-Housing
CSH.UN-T
Christine Poole

The largest seniors housing operator in Canada. Provides a nice yield of 4%. This is an industry where there is good secular growth and tends to be not as cyclical. Sold off their US operations about a year ago, and redeployed that capital back into the US to grow their presence. Recently announced an acquisition of another retirement home and have been doing that for the last few months. They are slowly starting to increase their dividend. 16% of the population is 65 and older, and in 15 years, they estimate it will be 25%.

Price:
$14.040
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-19 TOP PICK Walt-Disney
DIS-N
Christine Poole

The stock has pulled back on concerns of ESPN and what is going to happen when we have skinny bundles. They have huge programming costs and pricing may come down. She thinks management will be able to work through this. Studio, another division, has great momentum right now with the Star Wars trilogy, and have a good portfolio of acquisitions they have made in that sector. Recently, Jungle Book has been released. They can feed these themes through their theme parks and resorts through their Consumers Products division. Also, Shanghai Disney opens later this year. Trading at a reasonable multiple. Dividend yield of 1.38%.

Price:
$102.640
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-19 TOP PICK Franco-Nevada-Corp.
FNV-T
David Burrows

His model took him out of gold in 2012, not to return until Jan/16. Started to see improvement in breadth. This company grew their ounces by 15% this year, a very difficult year. They became the financer of last resort for gold companies that wanted to finance, and get a royalty on all the gold those companies produce. One of the best performing stocks in the group.

Price:
$88.030
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-04-19 TOP PICK Alphabet-Inc.--A-
GOOGL-Q
Christine Poole

The leading search engine company, and is really about online advertising. This garners a huge share of the search traffic. On online advertising, on a global basis, only about 35% is allocated within the overall budget, so she thinks there is good growth opportunity going forward and Google will garner a high share of that.

Price:
$776.250
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-19 TOP PICK Honeywell-International
HON-N
David Burrows

Industrials have come back really nicely, and this one has been a great company. They have grown their dividend 12% a year over the last 8-9 years. Growing their earnings at 12%-13%. They are in 3 major markets, smart automotive, smart home automation and aircraft monitoring systems. Dividend yield of 2.06%.

Price:
$115.800
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-04-18 TOP PICK Apache-Corp
APA-N
Hap (Robert) Sneddon FCSI

The company is working on being really nice and lean. They divested some holdings that they didn’t want and are going to be looking to acquire other companies.

Price:
$53.440
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-04-18 TOP PICK CASH
CASH
Keith Richards

(Top Pick Apr 20/15, Flat) He held 40% cash at the beginning of this year.  This market is going to be fairly volatile this year.  You have to be mobile and cautious.  Oil is still fighting the down trend.  We are not taking out the old high of $42.  It only lasted a day or two last time it tried.  Sooner or later it will break $42 but could return to the $30s in the mean time.  He recommends 40% cash again.  The market tends to go up in spurts and you could miss that.  There are downsides to holding cash.  You have to be cautious, watching for signals.  This is not a long term recommendation.

Price:
$0.010
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Yes
2016-04-18 TOP PICK HBP-S-and-P500-VIX-Short-Term-VIX-ETF
HUV-T
Keith Richards

This is a hedge, insurance against the market going down.  He has a 5% position.  The VIX is at the bottom of a very long term trading range.  The markets are too settled in and too happy.  If the market starts to sell off, the VIX will spike aggressively.  In a worst case scenario it has a 2 to 1 reward to risk ratio.

Price:
$22.280
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Yes
2016-04-18 TOP PICK Smart-REIT
SRU.UN-T
Keith Richards

They have very stable cash flow, are a defensive position, and it is breaking out, looking good technically.  It will be about a 6 months hold.

Price:
$33.900
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Yes
2016-04-18 TOP PICK iShares-S-and-P-TSX-Global-Gold
XGD-T
Hap (Robert) Sneddon FCSI

From an earnings basis, the numbers look really good. Q1 could look very good for a lot of companies for a comparable. Whenever you have a strong start from a fundamental basis, you can have a very strong rest of the year.

Price:
$12.540
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-04-18 TOP PICK SPDR-Health-Care-E.T.F.
XLV-N
Hap (Robert) Sneddon FCSI

There are very few sectors that are in a bull market on a secular basis. This is one of them. It started in 2014. Was a little bit of a football recently. He started by taking a small position of 2.5%. This is coming into a strong seasonal period.

Price:
$70.670
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-04-15 TOP PICK General-Electric
GE-N
Rick Stuchberry

This is a great buy. In the last 6-12 months, they have gotten rid of GE Capital, which was the negative in 2008-2009. They have reinvented themselves, not just with the big turbines, jet engines, etc., but have bought in service contracts as well. This is going to be a company that sells you a jet engine, etc. and then sells you all the software that goes with it. They are going to make a lot of money off the software and servicing side of things. It will become a bit of a cash cow over time as they sell all this heavy equipment. Dividend yield of 2.97%.

Price:
$31.005
Subject:
CANADIAN LARGE & ADRs
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-15 TOP PICK Loblaw-Companies-Ltd
L-T
Rick Stuchberry

This has Shopper’s which provides a tremendous amount of cash flow into the company. They are paying down debt and opening all these new stores, which allows them to have some growth. He likes yield and safety, but also wants to have the growth. Thinks the company is positioning themselves to have another leg of growth. Dividend yield of 1.42%.

Price:
$70.620
Subject:
CANADIAN LARGE & ADRs
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-15 TOP PICK Whitecap-Resources
WCP-T
Rick Stuchberry

He chose to re-enter the sector when the US$ rolled over. This has a lot of light oil and liquids, and is a low cost producer. This is a good combination of being in the right place, with the right cost structure, and a clean balance sheet. Look at this as an opportunity to capture part of that move on the energy side. Has a very long reserve life as well. Dividend yield of 3.11%.

Price:
$8.900
Subject:
CANADIAN LARGE & ADRs
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-14 TOP PICK Apple
AAPL-Q
Brian Acker, CA

He was pounding the table at $85. He thinks their earnings will be good and they will buy back a tone of stock.  Expect a dividend increase.  $160 model price.  A good value name to hold in your portfolio.

Price:
$112.100
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-14 TOP PICK Brookfield-Property-Partners
BPY.UN-T
David Cockfield

This is properties. They are all over the world. They are big. Billions of dollars. Good diversity. Thinks it is about ready to break out and have another good period of growth. Dividend yield of 5.06%.

Price:
$30.120
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-14 TOP PICK General-Electric
GE-N
Brian Acker, CA

It is in the process of spinning off GE capital. He has hated it since the last change in management in 2001  They are finally getting rid of GE capital  He suspects his model price will move up considerably once GE capital goes away.  Their competitor is trading well over EBV +5. 

Price:
$31.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-14 TOP PICK Gilead-Sciences-Inc.
GILD-Q
Brian Acker, CA

(Top Pick May 19/15, Down 9.71%) It is confirming to one of his EBV lines.  $189 model price 94% upside.  Let everything go quiet for a while.  It is a HEP-B cure for $10k.  It pays about a 2% dividend.  It got caught up in the Valiant thing with Congress.  It is tracking nicely at EBV +6. 

Price:
$98.190
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-14 TOP PICK BMO-MSCI-Europe-High-Quality
ZEQ-T
David Cockfield

He decided he wanted to get a toe hold in the European market. The big caveat on this is that there is talk of Britain exiting the EU, with the decision being made in June. Wait to see what happens there, because this could sell off at that time, giving you a better price.

Price:
$17.330
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-14 TOP PICK BMO-Low-Volatility-Cdn-Eqty-ETF
ZLB-T
David Cockfield

(A Top Pick April 10/15. Down 0.30%.) This should perform well in down markets, and give you some upside in more aggressive markets. Has good diversification. Low beta meaning it is not as volatile as the rest of the market. About 30% financials.

Price:
$27.030
Subject:
CANADIAN & ETF's
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-13 TOP PICK Convalo-Health-International-Corp
CXV-X
Bruce Campbell (2)

(A Top Pick April 8/15. Down 57.94%.) Continuing to do everything right and have really good growth. Small caps haven’t been in favour in this market. The “abuse” treatment business is about a $35 billion business in the US, and there is no one competitor that has more than $200 million, so there is huge opportunity for them to capitalize on. Have 4 pods open now, and will have 5 more by the end of this year. Thinks the run rate revenue by the end of this year could be around $100 million.

Price:
$0.265
Subject:
CANADIAN
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2016-04-13 TOP PICK Fiserv-Inc
FISV-Q
Cameron Hurst

Electronic transactions. This benefits from many of the same trends as MasterCard (MC-N). It does electronic merchant acquiring, bill payments, network connections between ATMs, banks and merchants. Every time you do one of these transactions, they collect $.07, $.08, $.09. It is a volume business, and they keep churning. Extremely cash flow positive. In the last 10 years they have bought back a 3rd of the company.

Price:
$100.290
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2016-04-13 TOP PICK Coca-Cola-Company
KO-N
Cameron Hurst

Something that he feels has staying power is the re-franchising of the bottlers. Six-seven years ago, there was a real disconnect between corporate selling the concentrates and the bottlers, and distribution was not working well. The company took them all in and fixed them. Bottling is a capital intensive business, so they are now going to push it back out and refranchise. There will be an increase in margins and less capital intensity. Dividend yield of 3.04%.

Price:
$46.040
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2016-04-13 TOP PICK Mastercard-Inc.
MA-N
Cameron Hurst

(A Top Pick Dec 22/15. Down 2.32%.) A transaction story where they make a little bit every time somebody swipes. In Europe, you have to process transactions within the country, making it more fragmented. They are trying to increase competition in Europe into a single payment area, which would give this company and Visa (V-N) more share. Also, we are having a real demographic shift. People who use paper and cheques are not spending as much. Dividend yield of 0.80%.

Price:
$95.750
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2016-04-13 TOP PICK New-Flyer-Industries-Inc.
NFI-T
Bruce Campbell (2)

This has had a great run, but thinks that there is a lot left in it. Just made an acquisition of MCI, the coach business, so there is some synergy and growth there. As well, they have really been working on the parts business. Their parts business has been 10% of their revenue and is now in the 25% area. Dividend yield of 1.89%.

Price:
$36.930
Subject:
CANADIAN
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2016-04-13 TOP PICK Yellow-Media-Inc
Y-T
Bruce Campbell (2)

A real turnaround story. They are making a transition to digital and have brought about 50% of their business over. Did a great job in stabilizing the business, and now are really working on trying to increase the business. They have a “return to growth” plan to make their revenue, earnings and cash flow growth by 2018, and they seem to be on track.

Price:
$21.150
Subject:
CANADIAN
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2016-04-12 TOP PICK Brookfield-Asset-Management--A-
BAM.A-T
David Baskin

Barron’s magazine slagged the company and the stock went down. The rap against management is that it owns a lot of non-public assets and the reporter looked at how they were valuing these assets. Brookfield is forced to mark these assets to market every year because of the way international financing works. Every time the company has sold one of these assets, they have sold it for more than what they have said it was worth. This is a fabulous company with billions of dollars under management for institutional investors, that are on its balance sheets. Dividend yield of 1.5%.

Price:
$42.550
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-12 TOP PICK First-Trust-Biotechnology-Index-Fund
FBT-N
Don Vialoux

Seasonality on this is from around the middle of April through until September. This has a lot to do with the large number of healthcare conferences being held in the summer. Technically it has already started an upward trend.

Price:
$92.620
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
2016-04-12 TOP PICK First-Trust-AlphaDEX-U.S.-Technology-Sector-Index-ETF
FHQ-T
Don Vialoux

There are 2 periods of seasonal strength for technology. The current one runs from April through to July and is based on the summer buying season for electronics.

Price:
$20.740
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
2016-04-12 TOP PICK Keyera-Corp
KEY-T
David Baskin

An energy service company. They get the natural gas when it comes out of the well. The gas has all kinds of guck in it and has to be cleaned before it can go down the pipeline. It is basically a tolling operation. It doesn’t matter what the price of gas is, it still has to be treated and people still have to heat their homes. They recently upped their dividend. Dividend yield of 3.77%.

Price:
$39.840
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-12 TOP PICK Toronto-Dominion
TD-T
David Baskin

This has traditionally been his #3 bank, and he is thinking of upping his exposure. They have done a very good job in the US and captured a significant part of the retail market there, as well as in the brokerage business. Trading below its historic P/E ratio and Price to Book ratio. Dividend yield of 4%.

Price:
$54.970
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-04-12 TOP PICK iUnits-S-and-P-TSX-Capped-Energy-ETF
XEG-T
Don Vialoux

The period of seasonality for the energy sector in Canada is from around the last week in January right through until the 3rd week in June. Technically this has formed a nice little base pattern and has broken above its trading range, and looks like it wants to trend higher.

Price:
$11.480
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
No
2016-04-11 TOP PICK AerCap-Holdings-N.V.
AER-N
James Telfser

Largest airplane leasing company globally. A lot of the leasing companies have been hit hard by the credit fears that we have seen globally. All these companies are seeing a very robust airplane leasing market. This one has 85% of their new fleet coming in, leased to 2018 with a 99% utilization rate. Trading at only 6X earnings with a 14% ROE.

Price:
$38.210
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-11 TOP PICK Airboss-of-America
BOS-T
James Telfser

A rubber compounding company that makes rubber gloves and gas masks for the defence business. Their growth and multiple makes it a really cheap stock. Growing earnings pretty aggressively. Made a few acquisitions. Very attractive at this price. Trading at 11X earnings. Management holds well over 20% of the stock. Dividend yield of 1.65%.

Price:
$14.570
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-11 TOP PICK Concordia-Healthcare
CXR-T
James Telfser

There is a lot of controversy in the specialty Pharma sector. Thinks this is a very misunderstood story. Felt their last quarter was strong. The company can grow organically by high single digits driven by their UK acquisition of AMCo, which will have 16 new products launched over the next few years. Trading at 4X earnings. Dividend yield of 1.18%.

Price:
$33.190
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-11 TOP PICK Liquor-Stores-N.-A.
LIQ-T
Colin Stewart

The space has been quite beat up because of Alberta exposure.  The dividend was cut but it is still 4.5%.  It is the largest publicly traded liquor company in North America.  They are expanding through acquisition in the US.  They have been growing private label, which has higher margin.  It is a reasonably stable business in good times and in bad.  The stock has been overly penalized.

Price:
$8.440
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
CAUTIOUS
Owned:
Yes
2016-04-11 TOP PICK Neulion
NLN-T
Colin Stewart

A way to play sports broadcasting.  They provide an end to end solution for content owners.  Valuation is cheap.  Insiders own 60% of it.  It is a potential take out target.

Price:
$1.230
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
CAUTIOUS
Owned:
Yes
2016-04-11 TOP PICK Uni-Select-Inc
UNS-T
Colin Stewart

They do auto parts distribution in Canada and auto paint distribution in the US.  They are number 1 in both businesses.  They are trying to grow in the two businesses they are active in.  It trades at quite a large valuation discount to peers.  They are positioned to benefit from increasing repairs to older cars if the cars are not replaced.  It will not be hurt if the auto sector slows down.

Price:
$55.950
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
CAUTIOUS
Owned:
Yes
2016-04-08 TOP PICK CGI-Group--A-
GIB.A-T
Brendan Caldwell

This is a company that announces everything it does, which is great. Their 3 most recent announcements were the EPA in the US, the Scottish Borders County and the Swedish Social Insurance. A very international computer consulting company, 5th largest globally. Just bought back a whole whack of stock. They have both organic growth and good future bookings.

Price:
$62.150
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Yes
2016-04-08 TOP PICK Imvescor-Restaurant-Group
IRG-T
Brendan Caldwell

Some of the names they hold are Baton Rouge, Pizza Delight, Scores and Trattoria di Mikes, which operate right across Canada, but particularly in the East. He likes the food business. The new CEO seems to be turning the company around. A strong franchise model and profitability has been there in the last while. Dividend yield of 3.36%.

Price:
$2.750
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Yes
2016-04-08 TOP PICK ZCL-Composites-Inc.
ZCL-T
Brendan Caldwell

Manufactures fiberglass for storage tanks. People think these are mostly for industrial oil and industrial energy, but actually where the storage tanks are used the most are in retail gas stations. Dividend yield of 3.93%.

Price:
$8.050
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Yes
2016-04-07 TOP PICK Cardinal-Energy-Ltd
CJ-T
Eric Nuttall

A medium gravity oil producer in Alberta.  They were liked because of low debt and low decline rates.  As oil fell, they got penalized because their oil sells at a discount.  They have one of the highest leverages to the increasing price of oil.  He has a 10% weighting.  More than 5% dividend.  They should be one of the first to increase their dividend.

Price:
$8.250
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2016-04-07 TOP PICK Crescent-Point-Energy-Corp
CPG-T
Eric Nuttall

Don’t think about it as a dividend payer.  They are more interested in institutional money.  As oil appreciates they can grow faster than consensus would say.  Money will come out of companies like SU-T and much of it will go into this company.

Price:
$17.530
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2016-04-07 TOP PICK Exchange-Income
EIF-T
Eric Nuttall

7% yield. 10% EPS growth per year.  A sleep at night story.  Aviation.  Routes up north. They also are into the airplane parts business, which has good margins.  Two dividend increases in the last year and half.

Price:
$28.040
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2016-04-07 TOP PICK Alphabet-Inc--C-
GOOG-Q
Jon Vialoux

Technology comes into a period of seasonal strength from April all the way through to July. These companies all tend to have a run up higher into their developer conferences. This one’s conference is May 18-May 20. The seasonal strength is between March and July, and the average gain is about 17%, and has been positive in 9 out of the 11 periods. The technicals are still quite positive on this.

Price:
$740.280
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
No
2016-04-07 TOP PICK BMO-Short-Term-Fed-Bd-E.T.F.
ZFS-T
Jon Vialoux

This holds a basket of Canadian bonds with a term to maturity of about 1-5 years. Everything that has a yield in the summer tends to have much less volatility than the broader market. He has this yielding at about 1.79%.

Price:
$14.740
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
No
2016-04-07 TOP PICK BMO-US-High-Dividend-Covered-Call-ETF
ZWH-T
Jon Vialoux

Generally everything that has a high dividend tends to not suffer the seasonal fluctuations that the broader market does. This is a basket of dividend paying stocks. It also tends to benefit from a covered call write strategy which increases the yield to above the dividends that are being paid out. Right now the dividend is about 5.6%, which is quite healthy.

Price:
$19.230
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
No
2016-04-06 TOP PICK Celgene-Corp
CELG-Q
Stan Wong

Got beat up quite a bit last year.  Long term, this name will continue to do well.  They are into severe immune system problem drugs.  19 times earnings with 20% compound rate of return.  It is breaking above resistance.

Price:
$108.220
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-04-06 TOP PICK Cineplex-Inc
CGX-T
Stan Wong

He still likes the name.  Great branding in Canada.  They have the benefit of the strong slate of recent and upcoming movie releases.  Strong attendance numbers have lifted concession revenues nicely.  It is a low beta name.  3.07% dividend. 

Price:
$50.770
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-04-06 TOP PICK Nike-Inc
NKE-N
Stan Wong

It came down nicely and this is an opportunity to buy more.  They beat earnings 15 quarters in a row.  They are shareholder friendly and just announced a share buyback program.  Margins in the US are a risk, as well as climbing inventory levels.

Price:
$60.310
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2016-04-06 TOP PICK Transalta-Corp
TA-T
Jason Mann

There has been concern that this may be a value trap. It is cheap enough. Price momentum has turned in the coal power generation business, but are transitioning to a renewable model. Thinks the recent dividend cut gives them the flexibility to do that. What is interesting is that you have optionality. Brookfield recently filed that they own just under 5%. They have asked the SEC to hold off on reporting for 6 months. You only do that if you are planning on buying more, or if you are in talks with the company. Dividend yield of 2.69%.

Price:
$5.870
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-06 TOP PICK Turquoise-Hill-Resources
TRQ-T
Jason Mann

18 months ago, very few of his picks would have been in the resource sector, but he is seeing a shift to the cyclical value. This owns one of the best undeveloped copper assets globally. They are cash flowing from their open pit mine today. This has a 40-year life, so you are buying an asset that has got a very long time for cash flow. Has no debt problems, and has $1.3 billion cash on the balance sheet, which will be used to develop their underground mine. Trading at 6.2X EBITDA and about 14X PE. Price momentum has been improving as copper stocks have been moving up. Rio Tinto (RIO-N) has managed to do a creeping takeover over the last number of years, and own over half of it. If the cycle starts to turn, it would make a lot of sense for Rio Tinto to take in the minority.

Price:
$3.300
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-06 TOP PICK Westshore-Terminals-Inc.
WTE-T
Jason Mann

A coal terminal, but they care more about volumes than the price of coal. A top holding for him on valuation and improving price momentums. They bottomed shortly after they cut their dividend at the end of last year. Since then they have had quite a run, but he doesn’t think the run is over. ROE is still really strong at 30%. Trading at 5X EBITDA, and 8X PE. Dividend yield of 3.7%.

Price:
$16.750
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-05 TOP PICK Artis-Real-Estate-Investment-Trust
AX.UN-T
Steve DiGregorio

(Preferred Shares 5.25%, Series C.) If the market has had a good run, you might want to hide a little in an alternative yield. These type of preferreds, reset to a rate plus an underlying government rate, usually the 5 year. This one has a very big reset yield. It is also in US$, so you might get a little positive with the US$. When this resets in 2018, you are actually going to be collecting 8.5% at current pricing, more than the 7.5% you are collecting now.

Price:
$12.900
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2016-04-05 TOP PICK Cerner-Corp.
CERN-Q
Zachary Curry

This is a technology company in the healthcare space. They are in the digitization of electronic health records. The US has mandated that they have to move from paper to electronic and the whole procedure can be complicated, but this company does it all.

Price:
$54.030
Subject:
NORTH AMERICAN - LARGE
Bias:
DEFENSIVE
Owned:
Yes
2016-04-05 TOP PICK Facebook
FB-Q
Zachary Curry

This is an example of how he would love to buy all of his stocks. In August 2015, the market had the flash crash and he picked this up at around $80-$85. He is really positive on the name in terms of its future growth. They have Facebook, Instagram, Whatsapp, etc. that really haven’t been monetized yet. Once that starts to push over, he thinks it will drive revenue per user. It is really a changing media Avenue. Not cheap, but they are growing at about 30%-35%.

Price:
$112.220
Subject:
NORTH AMERICAN - LARGE
Bias:
DEFENSIVE
Owned:
Yes
2016-04-05 TOP PICK Rona-Inc
RON-T
Steve DiGregorio

(Preferred Shares 3.324%, Series A, callable in 5 years.) Had never liked the preferred market, because there was never any institutional ownership. All of a sudden, in this one, you have institutional ownership, and companies can’t push around the small shareholder like they used to.

Price:
$23.760
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2016-04-05 TOP PICK TransForce-Inc.
TFI-T
Steve DiGregorio

A free cash flow machine. The trucking Index in the US is at a 52 week high, and this company hasn’t followed, because they had put a Dutch auction to buy back $200 million of stock up to $22. It capped a little, and you are now seeing it drift over $22. Of the $200 million, only $60 million was tendered, which means a) the company’s $22 was a very opportunistic price and b) shareholders thought it was a very low price, so he feels it is probably worth more than $22. At the same time, they are investing quite a bit in "last mile", developing a relationship with Amazon (AMZN-Q), which is taking over the retail world. Has one of the best COs in Canada. Dividend yield of 3.08%.

Price:
$22.470
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2016-04-05 TOP PICK Tourmaline-Oil-Corp
TOU-T
Zachary Curry

Oil prices are down, and this is arguably the best managed oil company. It is larger in capitalization. Just raised some money to fortify their balance sheet. Feels they will be a consolidator with these low oil prices. They have tons of drilling locations. This is one you can buy, hold and put away.

Price:
$24.920
Subject:
NORTH AMERICAN - LARGE
Bias:
DEFENSIVE
Owned:
Yes
2016-04-04 TOP PICK Amerisourcebergen-Corp
ABC-N
David Driscoll

Inflation was driving their revenues and now has come off a bit.  It is a long term hold.  Over the counter oncology drugs are slowing and so pricing power is getting weaker.  Walgreen has been exercising some warrants and so is diluting the stock.  Now they should get back to doing what they are doing.  It may do nothing for 2 years.

Price:
$87.160
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-04-04 TOP PICK Concordia-Healthcare
CXR-T
John Zechner

It is almost like you are getting the Valeant (VRX-T) valuation, without the mess. It is going at basically 3 to 4 times earnings, with an enterprise value at about 7 times. They have the big debt at about 5.5X debt to EBITDA, which is a risk, but the acquisition they did is doing better than expected. Thinks they will generate enough cash flow to be able to start paying down debt. Dividend yield of 1.16%.

Price:
$33.680
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2016-04-04 TOP PICK Fairfax-Financial
FFH-T
David Driscoll

They had a lot of dogs of insurance companies that they acquired, but they have all turned around and are firing on all cylinders now.  It is a great hedge to any portfolio.

Price:
$718.490
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-04-04 TOP PICK Alphabet-Inc--C-
GOOG-Q
John Zechner

They own Search and are monetizing exceptionally well. Margins are starting to come higher. They are getting the earnings growth that they have wanted for a long time. Generating free cash flow and redeploying it into very strong acquisitions. On top of that, they own the best and one of the largest operating systems in the world, the Android Operating system. They are giving this away for free right now, but at some time they will monetize this.

Price:
$745.290
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2016-04-04 TOP PICK Paddy-Power-Betfair-PLC.
PDYPK-PK
David Driscoll

They are in Australia, Italy and the UK.  Most of it is on line, and much higher margins.  They paid a special dividend post-merger.  The dividend has been growing quite nicely.  The growth rate is quite good.

Price:
$0.000
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-04-04 TOP PICK TorstarCorp--B-
TS.B-T
John Zechner

(A Top Pick March 9/15. Down 68.15%.) This is stupid cheap. $1.50 with $120 million market capitalization. Have well over $50 million in net cash. A year ago they were sitting on $300 million in cash and had a nice dividend yield. They spent $200 million in an acquisition that the market immediately discounted by about 50%. They are going digital which is good.

Price:
$1.480
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Yes
2016-04-01 TOP PICK Descartes
DSG-T
Allan Meyer

Helps companies manage their complex supply chains. A little expensive on a PE basis at 18X, but has no debt. Reasonable free cash flow. This is a reasonable entry point and he can see more upside.

Price:
$25.720
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2016-04-01 TOP PICK Information-Services
ISV-T
Allan Meyer

Has a 20-year exclusive mandate to provide land registry and affiliated services in Saskatchewan. Very, very inexpensive. Trading at 13X on a PE basis, and has something like a 10% free cash flow to enterprise value. Also, has a very low level of debt. Dividend yield of 5.68%.

Price:
$14.400
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2016-04-01 TOP PICK Valener-Inc.
VNR-T
Allan Meyer

This gives you a play on Gaz Metro, the big Quebec gas utility. Likes the dependable, forecastable nature of its gas distribution. Has 7% free cash flow Enterprise Value. Dividend yield of 5.25%.

Price:
$20.780
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2016-03-31 TOP PICK Agnico-Eagle-Mines
AEM-T
Lyle Stein

It is his ‘second’ gold mine.  He is starting to deploy more cash.  He already has G-T, but this is one of those go-to names.  They will do well as gold prices recover. 

Price:
$46.990
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2016-03-31 TOP PICK Canadian-Pacific-Rail
CP-T
Greg Newman

This is a call on “no recession”. One of the risks is volume, particularly crude by rail and coal. If you were to take their crude by rail and their Teck Resources (TCK.B-T) to zero, which probably won’t happen, the stock would still be very cheap relative to its 10 year. This is a name with a lot of shock absorbers built in. A lot of bad news has already been built in. Sees it growing at 11.5% next year and the year after. If they can acquire Norfolk Southern (NCS-N), that would be accretive for them. Very cheap relative to Canadian National (CNR-T). They still have pretty good Cdn$ tailwinds. He can see this going to $210. Dividend yield of 0.81%.

Price:
$172.550
Subject:
CANADIAN DIVIDEND
Bias:
BEARISH on ENERGY
Owned:
Yes
Showing 1 to 120 of 22,352 entries
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