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

Recent Top Picks

Date Signal Company Expert Opinion Price
2015-02-27 TOP PICK CAE-Inc
CAE-T
Kash Pashootan

A leader in the simulation, training product space. Their business is 60% civil, 30% defence with 10% in health care. With the growth in the number of active new fleets, he is seeing new pilots required along with new pilot certification, not to mention re-occurring pilot certification. Right now there are about 28 commercial plane assemblies per week, and for every one of those planes, you need 10 to 12 pilots. There is a lot of growth in the space which is translating into contracts. Dividend yield of 1.86%.

Price:
$15.090
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
SELECTIVE
Owned:
Yes
2015-02-27 TOP PICK Cisco
CSCO-Q
Kash Pashootan

He likes the dividend and he likes the name. Have positioned themselves to be very relevant for what is coming up for the next 5-10 years. Have been active in the wireless space, so with everybody doing so much on their smart phones, mobile data traffic has really picked up. Also, cyber security threats will increase demand for this company’s networking products. Just reported and they had a great quarter. Yield of 2.83%.

Price:
$29.510
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
SELECTIVE
Owned:
Yes
2015-02-27 TOP PICK Loblaw-Companies-Ltd
L-T
Stan Wong

Just reported good earnings and also at a record high. This is your classic consumer staples name. Very steady and predictable growth along with a modest but growing dividend. They will probably grow their dividend at a 5% clip per year over the next several years. A lot of their capital expenditures are behind them, so you will see that in the earnings and you will see the benefits of those renovations going forward. The acquisition of Shoppers Drug Mart will certainly provide this grocery giant exposure to higher-margin profile. Trading pretty nicely at 18X forward earnings with a 15% growth rate. Dividend yield of 1.54%.

Price:
$63.790
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-27 TOP PICK ProAssurance-Corp
PRA-N
Kash Pashootan

This is in the medical liability space. With Obama care, we are seeing more and more Americans being able to access healthcare. As a result, there is a need to hire more doctors, nurses and healthcare workers, which need to be insured. This company stands to benefit from that as we continue to unfold the early days of Obama care. Have done a few acquisitions over the last few years, which is part of why their stock price has been flat. Those acquisitions now are starting to play out which significantly expanded their geographic footprints. Also, gross premiums written have started to increase significantly. Dividend yield of 2.75%.

Price:
$44.990
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
SELECTIVE
Owned:
Yes
2015-02-27 TOP PICK Royal-Caribbean-Cruises
RCL-N
Stan Wong

Second largest cruise ship company. Well positioned to benefit from the recovering global economy, lower fuel costs and positive long-term demographic trends. There are some modest industry capacity increases that are happening as not a lot of ships are being built. They are also making headway into Asia by trying to take advantage of the growth there. Trading pretty decently at 16X forward earnings and a 20% growth rate. Attractively valued. Dividend yield of 1.57%.

Price:
$76.420
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-27 TOP PICK iUnits-S-and-P-TSX-Capped-Energy-ETF
XEG-T
Stan Wong

His exposure to energy has been pretty light. He likes individual names, but for diversification purposes, he likes this ETF. Supply conditions are expected to continue to tighten. They have already fallen quite a bit since November. We are not quite there in terms of stabilization. US oil rig count has fallen to levels not seen since June 2011, and that will continue to happen and will continue to constrain supply. If world demand continues to be relatively steady, prices should stabilize and shares will rebound quite nicely.

Price:
$14.140
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-26 TOP PICK Cisco
CSCO-Q
Jennifer Radman

It is just starting to get going.  When you consider the net cash flow there is a lot of value in the stock.  The company has been very up front about how they are dealing with competitive threats. 

Price:
$29.910
Subject:
US LARGE
Bias:
SELECTIVE
Owned:
Yes
2015-02-26 TOP PICK Cognizant-Technology-Solutions-Corp.
CTSH-Q
Jennifer Radman

They help companies be better through technology.  It used to be cost cutting and outsourcing and now it is moving more to how to use technology to differentiate the product.  They are focused on healthcare and financial services.  There is quite a bit of run room in this one.  There was a temporary profit warning and she bought into that.

Price:
$62.790
Subject:
US LARGE
Bias:
SELECTIVE
Owned:
Yes
2015-02-26 TOP PICK Cenovus-Energy
CVE-T
Douglas Kee

(A Top Pick May 7/14. Down 29.42%.) Long-term assets and low cost producer of SAGD in Christina Lake and Foster Creek. Have other assets they have delayed putting money into, but will do so longer-term. Balance sheet is in pretty good shape. Just did a $1.5 billion issue. Instituted a DRIP program at a 3% discount. Also, have royalty properties that they could sell. Management has stated that protecting the dividend is very important to them. Yield of 4.89%.

Price:
$21.760
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2015-02-26 TOP PICK W.-W.-Grainger-Inc
GWW-N
Jennifer Radman

Digitized their large catalogues of manufacturing parts.  They focus on working capital.  It is a very large scale business.  There is some energy overhang so the share price has not done anything in two years. 

Price:
$240.380
Subject:
US LARGE
Bias:
SELECTIVE
Owned:
Yes
2015-02-26 TOP PICK Pembina-Pipeline-Corp
PPL-T
Douglas Kee

Believes this is on sale at these levels. There was some concern about the company because of cost of service. Good CapX program with $1.5 billion this year coming on stream. Another $6 billion in the next 3 years. Their cost of service business is about 70% of their cash flow, and with these projects and re-contracting this gets up to about 80% 3 years out. Yield of 4.47%.

Price:
$38.890
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2015-02-26 TOP PICK Royal-Bank
RY-T
Douglas Kee

Just reported and their strength was on the domestic retail side, a little stronger than what people thought it would be. Margins are actually up a snick, where it was thought they would be down. Capital market was a lot stronger than people were expecting. Good yield of 3.95% which is likely to be increased 3%-4% later in the year.

Price:
$78.070
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2015-02-25 TOP PICK Aecon-Group-Inc
ARE-T
Michael Sprung

One of the largest Canadian construction companies. Has been hit as a large proportion of their earnings come from energy related areas. However, they are also very big in infrastructure. Trading close to BV. Management over the last couple of years has achieved a significant turnaround in the operating efficiency of the company. A sale of their exposure to the Quito Peru airport, is also a positive to their balance sheet. Yield of 3.05%.

Price:
$11.800
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-25 TOP PICK CitiGroup
C-N
Gordon Reid

CEO is doing a good job and concentrating the bank on core efficiencies. They are getting out of a lot of countries and out of risk areas. They go through another stress test in March, and he is quite hopeful they will be allowed to increase their dividend and their buyback. Relatively cheap on a variety of metrics. Trading at about 10X earnings compared to the average bank that is trading at about 13X. Also, trading at about 90% of tangible book value compared to the average bank of 163%. Yield of 0.08%.

Price:
$52.090
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2015-02-25 TOP PICK Facebook
FB-Q
Gordon Reid

Has been looking at this for a long time and what put him over the top was the sheer size of having 1.39 billion in monthly average users. Some of their purchases such as Instagram and Messenger are doing incredibly well. Also, the advertising trends are very exciting. Mobile for example, which grew 100% year-over-year, is leading the way from an advertising standpoint with Facebook. However, when you look at the statistics, 25% of the US adult media time is done on Mobile, yet only 11% of advertising dollars are aimed at Mobile. There is a lot of room to catch up, so that will be in favour for Facebook. He sees another Google coming along.

Price:
$79.560
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2015-02-25 TOP PICK Hudbay-Minerals-Inc.
HBM-T
Michael Sprung

Over the last few years, they have been putting a lot of money into developing Constancia in Peru, a major copper, molybdenum, gold project, which started to come on stream in the last quarter and will ramp up this year into production. As they do, their production profile goes up quite sharply. Cash flow should increase with this. Last quarter was a little bit affected with some unscheduled shutdowns in one of their mines. Yield of 0.19%.

Price:
$10.590
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-25 TOP PICK Regal-Beloit
RBC-N
Gordon Reid

Motors, generators, transmissions, drives etc. They recently bought a powered transmission unit from Emerson Electric. This will add $.50 a share in earnings in 2015, and he expects a dollar a share in earnings in 2016. The market really hasn’t caught up with this one and it is a very good buy here. Dividend yield of 1.13%.

Price:
$78.210
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2015-02-25 TOP PICK Royal-Bank
RY-T
Michael Sprung

Just reported earnings and he hadn’t expected them to be as good as they were. Feels they have the dominant franchise of the Canadian banks, whether in capital markets or retail. Has been expanding recently in the US with its acquisition in California. If you are going to hold this for a few years, you are still going to do well even though it is up rather sharply today. Yield of 3.96%.

Price:
$77.800
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-24 TOP PICK American-International-Group
AIG-N
Prakash Hariharan

There are some interesting tailwinds that he sees in their balance sheet. He thinks you could see this continuing to grow. Book Value had a recalibration in the last 2 quarters. Growth in Book Value is what you are looking for in companies like this. Yield of 0.91%.

Price:
$55.040
Subject:
GLOBAL EQUITIES & DIVIDEND PAYING STOCKS
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-24 TOP PICK Aecon-Group-Inc
ARE-T
Prakash Hariharan

Got hit badly on account of its whole Western Canada theme where everything was thrown into the dustbin that had the name energy written on it. This is one of the babies that fell into the bath water. A lot of analysts have been revising their target downwards, but there are a bunch of catalysts in this company. One is a 45% ownership of an airport concession as well as its construction business and its backlog. Yield of 3.14%.

Price:
$11.470
Subject:
GLOBAL EQUITIES & DIVIDEND PAYING STOCKS
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-24 TOP PICK Google
GOOG-Q
Barry Schwartz

One of the best business plans in the world. Advertising is all about a push business. If you want to advertise, you have to spend lots of money, and hopefully people will see it. On the other hand, if people want to look you up, all they have to do is Google you. This is the greatest advertising business model in the world. They make about 95% margin selling keywords. They are using the cash flow to make bets in other areas, which have huge markets such as networking, cable, Google glass, YouTube, etc. They are really under-reporting their earnings because they are investing so much in CapX and R&D. Their earnings would be a lot higher if they weren’t doing that. There is potential for them to start a dividend as well as share buyback.

Price:
$536.090
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-02-24 TOP PICK Morguard-Corporation
MRC-T
Barry Schwartz

Has fallen a little recently, and he doesn’t know why because there is enormous value. If you look at all the parts that it has and add it up, it is worth over $200 a share. Thinks the market is missing what is going on with the company. It has recently diversified into investment management, and he thinks there is potential for this to follow the Brookfield Asset Management model, which is to drop-down more assets into the publicly listed REITs and maybe at some point start an investment management publicly traded company and collect the fees as it goes up higher.. Yield of 0.41%.

Price:
$150.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-02-24 TOP PICK Nestles
NSRGY-OTC
Prakash Hariharan

Chosen on the basis of a peer group comparison. Showed up very well in terms of loading its working capital needs, cost-cutting and a pullback because of the Swiss franc trade on the foreign exchange side. Yield of 3%.

Price:
$0.001
Subject:
GLOBAL EQUITIES & DIVIDEND PAYING STOCKS
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-24 TOP PICK Precision-Castparts-Corp.
PCP-N
Barry Schwartz

This company makes all the nuts and bolts and complex metal parts that go into aerospace engines and airplanes. They sell to Boeing, Airbus, Rolls-Royce and GE. Backlog is massive. Like a lot of companies, this has some exposure to oil/gas, which hurt their earnings a little bit and the stock has fallen about 30%. He sees, over the next 10-15 years, aircraft demand doubling, mainly due to Asian aircraft travel including cargo and business travel. Great free cash flow. Dividend yield of 0.06% and it is growing.

Price:
$215.130
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-02-23 TOP PICK AGT-Food--and--Ingredients
AGT-T
Peter Imhof

Macro environment is ideal.  Chick peas and so on as an alternative to red meat.  15 times earnings.  Next quarter should be a record quarter for them.  There has been a lot of consolidation in this industry.  Have done well for 6 quarters.

Price:
$28.100
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
Yes
2015-02-23 TOP PICK Espial-Group
ESP-T
Peter Imhof

He talked about it 6 months ago.  There was slippage in the signing of a contract from end of last year into the beginning of this year.  Earnings coming out this Thursday and should be good.

Price:
$3.140
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
Yes
2015-02-23 TOP PICK Pembina-Pipeline-Corp
PPL-T
Peter Brieger

He is still buying it.  The key point is that 30% of mid stream business is commodity price sensitive.  Management is going to reduce that to less than 20% over the next few years.  It is a great dividend stock going forward.

Price:
$39.320
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-02-23 TOP PICK Toronto-Dominion
TD-T
Peter Brieger

You are going to have a solid 8-10% total return.  The key factor is how well it does in the US.  As the US economy picks up it will have a positive effect on Canada. 

Price:
$53.540
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-02-23 TOP PICK iShares-S-and-P-TSX-Global-Gold
XGD-T
Peter Brieger

He might have chosen CEF.A-T but you can’t have more than one top pick from a year ago.  He looks for a 10% price increase in gold this year, but they also reduced costs so you could see more appreciation.  Use a basket instead of trying to pick a gold company.

Price:
$11.040
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-02-23 TOP PICK Yangarra-Resources
YGR-T
Peter Imhof

Has been hit badly, but is a baby being thrown out with the bath water.  Will produce $0.60 in cash flow because they are hedged.  Low debt to equity on the balance sheet.

Price:
$1.400
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
Yes
2015-02-20 TOP PICK KDDI-Corp
9433 JP
Charles Lannon

Something that he likes in the market right now is Japanese companies starting to get interested in returning cash to shareholders. This one has doubled its dividend in the last 5 years, and he thinks they can do it again in the next 5 years. Like many telcos, there is not a ton of top line growth, but smart phone penetration is way behind North America, so they still have a pretty good ramp in terms of data demand.

Price:
$0.000
Subject:
GLOBAL
Bias:
BULLISH
Owned:
Yes
2015-02-20 TOP PICK iShares-Japan-C--Hedge-ETF
CJP-T
Bill Carrigan

Japan peaked out a long time ago. He thinks it is not going to break out and go back to the old top and go above that. They have had the advantage of reengineering their currency downwards, which has been a great benefit to their exporters. He is attracted to countries that can move their currencies, such as the UK, Canada and Japan.

Price:
$14.050
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
No
2015-02-20 TOP PICK Knight-Therapeutics
GUD-T
Bill Carrigan

(A Top Pick Jan 6/15. Up 24.65%.) Healthcare is a dominant theme that investors want to be in. This is a pharmaceutical that is fairly liquid, trading at 100,000 a day, or maybe more. Has broken through new highs in the last couple of days and he thinks it works higher.

Price:
$8.950
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Yes
2015-02-20 TOP PICK Svenska-Cellulosa-AB
SCAB-SS
Charles Lannon

Largest private-sector owner of forestry in Western Europe, but also has a strong tissue business and a very strong personal care product business. Doesn’t think they will ever get to the point of Kimberly Brand (KMB-N) strength, but he expects the difference between these 2 will continue to narrow.

Price:
$0.000
Subject:
GLOBAL
Bias:
BULLISH
Owned:
Yes
2015-02-20 TOP PICK Whistler-Blackcomb-Holdings
WB-T
Charles Lannon

Chose this as a good dividend name and thinks the dividend yield of about 5% is sustainable. There is not a lot of supplies coming on in terms of new ski mountains. They are in the process of putting through an application to extend their concession, which would really ramp up summer traffic.

Price:
$19.400
Subject:
GLOBAL
Bias:
BULLISH
Owned:
Yes
2015-02-20 TOP PICK BMO-MSCI-EAFE-Hedged-TO-CAD
ZDM-T
Bill Carrigan

This is basically a basket of stocks that are sensitive to Europe, Australia and the Far East. These are the markets that he wants to be in. Europe is looking attractive because of the currency. As the global markets top, money is going to flow into other global markets that are lagging, and this is a good way to play it.

Price:
$19.890
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
No
2015-02-19 TOP PICK A-Comment----General-Comments-From-an-Expert
A Commentary
James Dutkiewicz

Sinclair Broadcast (Television) Group Inc (SBGI.O) Bond, 5.625%, August 1, 2024  A local broadcaster in the US. They reach 38% of the population. They are almost like a toll road for the national broadcasters instead of relying on local advertisers. [They charge the national broadcasters instead of local advertisers]

Price:
$0.020
Subject:
FIXED INCOME
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-19 TOP PICK CCL-Industries--B-
CCL.B-T
Don Lato

Label and packaging. (Resin type labels benefit from lower oil prices.) Also, aerosol and aluminum type packaging. 80% of revenues come from offshore. Stock has done extremely well. Trading at about 17-18 times earnings, so it’s not cheap, but very, very well-managed. Well positioned to take advantage of the falling Cdn$. Yield of 0.90%.

Price:
$133.160
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2015-02-19 TOP PICK Cinemark-Holdings
CNK-N
James Dutkiewicz

Cinemark USA Inc. 4.875%, June 1st, 2023 Bond.  Second largest globally, third largest in the US in its space.  There is expansion into Latin America.  A block buster slate of movies in 2015/16 and they have confectionaries.  They obviously only go into countries when they can be the 2nd or 3rd biggest.

Price:
$42.140
Subject:
FIXED INCOME
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-19 TOP PICK Google
GOOG-Q
Don Lato

Last year this was a sort of underperformer, but the company’s earnings have continued to grow. Trading at about 16X forward earnings. Still lots of growth ahead of it.

Price:
$542.870
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2015-02-19 TOP PICK NXP-Semiconductors
NXPI-Q
Don Lato

A very well priced semiconductor company. Among its peers it has the 2nd lowest priced earnings multiple on this and next year’s earnings. Also, has the best PEG ratio (Price to earnings growth). Most importantly, they make the chip that makes Apple Pay (AAPL-Q) work. We are only in the early stages of this. Consumers are demanding that the retail stores have Apple Pay.

Price:
$85.670
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Yes
2015-02-19 TOP PICK Restaurent-Brands-International
QSR-T
James Dutkiewicz

Restaurant Brands 6%, April 1, 2022.  Tim Horton’s and Burger King.  A lot of debt.  Management did a great job of taking out costs in previous companies so thinks they will do it again.  Berkshire put capital into the preferreds at 9%, but he is lower in the capital structure. 

Price:
$50.980
Subject:
FIXED INCOME
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-18 TOP PICK Apple
AAPL-Q
Bruce Tatters

(A Top Pick Oct 14/14. Up 30.64%.) Has almost $30 a share in cash and is going to earn about $8.60-$9 this year. He is optimistic that they will again find a way to create a category where others have tried and have not done so well, such as the watch. Dividend yield of 1.47%.

Price:
$128.715
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-18 TOP PICK Bank-of-America
BAC-N
Bruce Tatters

Late last year paid a very big settlement to the US Justice Department to settle the majority of its outstanding litigation. Trading below Book and right near tangible Book. Trading at around 10-11 times earnings. Thinks the growth outlook for the US is better than in Canada. Dividend yield of 1.22%.

Price:
$16.300
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-18 TOP PICK Bank-of-Nova-Scotia
BNS-T
David Cockfield

Banks have had a real downturn, and from what he can understand it is because of guys in New York that are Shorting Canadian banks. If you are concerned about slow growth in Canada, Mexico is booming, Central and South America are doing okay. This is where he expects the growth to come from. This is a conservative bank. Yield of 3.90%.

Price:
$66.390
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-02-18 TOP PICK Home-Depot
HD-N
Bruce Tatters

Once the winter thaws in the North-eastern states, he thinks there is going to be a tremendous wave to home improvement again this year. Home prices have continued to lift in the US. People have held off looking after their homes for years and are now starting to look after them again. PE is in the low 20s, but its CapX is less than half of its depreciation expense, so far cheaper on a free cash flow basis than on an earnings basis. Yield of 1.69%.

Price:
$111.990
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-18 TOP PICK SNC-Lavalin-Group-Inc.
SNC-T
David Cockfield

(A Top Pick Feb 21/14. Down 5.8%.) Still thinks this is suffering under a cloud, basically because of the bribery scandal. Thinks this is all past history. Good assets, including Highway 407. If you take those away, you have 2000 engineers that you are getting next to nothing. Yield of 2.2%.

Price:
$43.710
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-02-18 TOP PICK BMO-Low-Volatility-US-Equity-ETF
ZLU-T
David Cockfield

These are companies that are low and steady. There are about 100 securities in this and it is very diversified. He compared the performance of this with the S&P, and has found that it has outperformed it. One of the concerns he has about getting too close to the big cap US stocks, is that a lot of the internationals are not doing that well. Dividend yield of 1.29%.

Price:
$25.520
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-02-17 TOP PICK Air-Canada--B-
AC-T
Colin Stewart

Undertaking a multiyear cost reduction program. We have seen some of the benefit, but will continue to see more. There is obviously the significant tailwind of lower oil prices, which translates into lower jet fuel prices. Thinks they could earn upwards of $3 a share this year, which would suggest that they are trading at half the multiple of the group.

Price:
$12.580
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2015-02-17 TOP PICK Richards-Packaging-Income-Fund
RPI.UN-T
Colin Stewart

A boring, simple, easy to understand business. Distributes rigid packaging products. Largest in Canada and 3rd largest in North America. A lot of the products on grocery store shelves are distributed by this company. Also, they do things in the pharmaceutical/health care industry. Generates a lot of free cash flow. Trading at a discounted valuation. Pays a monthly dividend which equates to slightly over a 6% annual yield, which is very stable. At some point, it could even be a takeout target. Their largest competitor, Berlin Packaging, was recently bought at 14X enterprise value to EBITDA, and this one just trades at slightly over 8X.

Price:
$15.450
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2015-02-17 TOP PICK Toll-Brothers-Inc.
TOL-N
Colin Stewart

US homebuilder. Services the luxury high end of the market. After a muted year in the US housing market in 2014, he expects there will be an acceleration in housing starts in 2015/2016, and they are well positioned to take advantage of that. Because it services the high end of the market, there is less price sensitivity from its customers. A lot of exposure to California, US South and attractive markets. Not cheap, but looking at 2016 numbers it is trading at a PE of about 15X, which historically is not expensive.

Price:
$38.110
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2015-02-17 TOP PICK iShares-S-and-P-500--CAD-Hedged--ETF
XSP-T
John Hood

This gives exposure to the S&P 500 with a hedged product. He doesn’t want to be buying it with $0.80 dollars.

Price:
$24.180
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on US MARKET
Owned:
Yes
2015-02-17 TOP PICK BMO-NASDAQ-100-Equity-Hedged-Cdn-
ZQQ-T
John Hood

He is always in favour of seeing US sectors that are hedged. Has had this for a long period of time. He was doing the US$ version, but is now back into buying the Canadian version.

Price:
$33.680
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on US MARKET
Owned:
Yes
2015-02-17 TOP PICK BMO-EqWt-US-HthCare-Hedged-CAD
ZUH-T
John Hood

This has more health care in it, rather than pharmaceuticals. FT AlphaDEX US Health Care (FHH-T) is a rule based ETF in the healthcare area, but they use the Russell 1000, drilling down a little bit more into some of the smaller and less recognizable companies. With this one he is not buying a US health care with an impoverished Cdn$.

Price:
$40.750
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on US MARKET
Owned:
No
2015-02-13 TOP PICK Aecon-Group-Inc
ARE-T
Jon Vialoux

This is his derivative play on the energy sector. It has an energy exposure and has fallen over the past few months because of that. Energy exposure is about 45% as of their last report, but the stock has fallen 50% from its highs. In Canada there are 2 seasons, winter and construction. Construction companies such as this tend to do well all the way through to the spring and even into the end of summer. The average gain between now and about April is about 9%.

Price:
$11.850
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
BULLISH
Owned:
No
2015-02-13 TOP PICK Alimentation-Couche-Tard--B-
ATD.B-T
Brendan Caldwell

Has a tremendous consolidation strategy. Canada has certain skills that we are really good at to a point. One of these skills has been bundling up disparate small businesses. This company has taken it to quite an extent in Canada and North America, but where the real growth is, is going to be in Europe where they made a big move into Scandinavia. Over the next few years will be a chance for them to take a difficult situation to replicate what they have been able to do in Canada. Dividend yield of 0.38%.

Price:
$47.030
Subject:
CANADIAN VALUE
Bias:
BULLISH
Owned:
Yes
2015-02-13 TOP PICK Boyd-Group-Income-Fund
BYD.UN-T
Brendan Caldwell

Auto repairs. Their brand, both in Canada and the US, has been able to take a good concept and expand it through both organic growth and acquisition. Dividend yield of 1.04%.

Price:
$47.690
Subject:
CANADIAN VALUE
Bias:
BULLISH
Owned:
Yes
2015-02-13 TOP PICK iShares-MSCI-EAFE-E.T.F.
EFA-N
Jon Vialoux

This holds Japan, UK, Germany, European countries. If Japan and Germany are going to be accommodating their monetary policies, it looks ideal to be investing in European equities right now, particularly since we do have the favourable seasonal trend ahead of us. Markets around the globe tend to benefit from the positive 6 months’ seasonal trend from October to May. Everything looks set up for European markets to now outperform the S&P 500.

Price:
$63.820
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
BULLISH
Owned:
Yes
2015-02-13 TOP PICK Linamar-Corp
LNR-T
Brendan Caldwell

The automotive business globally is growing. Even in places like Europe, where the economy is slow. Asia is growing. This company makes the parts. Not only are they on the rising tide that lifts all boats, they have actually been gaining market share and contract wins. Expects the performance is going to continue to match the stock price gain. They are in a prime condition to gain from the $0.80 Cdn$. Yield of 0.51%.

Price:
$78.800
Subject:
CANADIAN VALUE
Bias:
BULLISH
Owned:
Yes
2015-02-13 TOP PICK Martinrea
MRE-T
Jon Vialoux

In the consumer discretionary sector and benefiting from the automobile industry uptick in the spring. These tend to do well from the start of the year all the way through to May, when you get a seasonal rise about 75% of the time with an average 20% gain. Chart looks set up to have that move higher again. It broke a down trend line and formed a respectable bottom. The momentum is behind the stock.

Price:
$11.190
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
BULLISH
Owned:
No
2015-02-12 TOP PICK Aegon-N.V.
AEG-N
Lorne Steinberg

Has a good chunk of insurance business.  Trading at a steep discount to tangible book value.  Double digit earnings growth.  Dividend in the 4% range.  It remains an extremely cheap company.

Price:
$7.630
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Yes
2015-02-12 TOP PICK Bankers-Petroleum
BNK-T
Swanzy Quarshie

Located in Albania. Had some challenges historically with meeting production guidance, but have been able to sort those challenges out. In the last 2 years they have shown a very consistent ability to meet guidance. There is currently a hiccup with some water pump issues, but they have that back on line. Potentially a free cash flow machine. Last year they had a little bit of free cash flow, and without the commodity crisis and price downdraft, they would have actually seen a really big growth of free cash flow. Very rare to see with an oil/gas company. Management has taken a very measured approach making sure they grow production at a disciplined rate so that the decline rate does not get too out of control. Also, increasing profitability by cutting costs.

Price:
$3.320
Subject:
OIL & GAS
Bias:
CAUTIOUS on ENERGY
Owned:
Yes
2015-02-12 TOP PICK Deutsche-Bank-AG
DB-N
Lorne Steinberg

Stands out because of the large exposure to Germany, one of the strongest countries with better growth.  The bank has their issues behind them.  They have gone through capital rebuilding, did a rights issue and the next couple of years are going to be well into the double digits for earnings growth.   It is trading at a 30% discount to tangible book value.  He just bought in December.

Price:
$31.590
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Yes
2015-02-12 TOP PICK Joy-Global-Inc.
JOY-N
Lorne Steinberg

They are in a duopoly with CAT-N.  The servicing of the equipment is an important part of the business.  They have been aggressively buying back shares while they are cheap.  You have to buy this kind of company when the industry is not in great shape.

Price:
$43.790
Subject:
Deep Value Global Equities
Bias:
CAUTIOUS
Owned:
Yes
2015-02-12 TOP PICK Raging-River-Exploration
RRX-T
Swanzy Quarshie

Excellent management team that has proven they can actually add value to shareholders. Very nice free cash flow profile. Even though they are not a dividend payer, that free cash flow can be built back in to grow production. Very clean balance sheet. They will be able to take advantage of the acquisition market that she sees coming.

Price:
$8.400
Subject:
OIL & GAS
Bias:
CAUTIOUS on ENERGY
Owned:
Yes
2015-02-12 TOP PICK Whitecap-Resources
WCP-T
Swanzy Quarshie

Very strong management team. Even though a new dividend payer in 2012, they have actually been able to increase the dividends 3 times and have never cut it. Even in this environment, where they are facing the biggest test in terms of the commodity downside, they still are not cutting the dividend. They have a free cash flow in the current commodity price environment, which is incredible. Dividend yield of 5.40%.

Price:
$13.690
Subject:
OIL & GAS
Bias:
CAUTIOUS on ENERGY
Owned:
Yes
2015-02-11 TOP PICK Brookfield-Office-Properties
BPO-T (Dead)
Hank Cunningham

4% bond maturing April 16, 2018. Thinks this is an undervalued bond, but is also an example of what kind of return you get in the short-term bond market. Yield is just over 2%. He likes the company, which has done very well. This bond is higher yielding than mostly anything in that term.

Price:
$22.360
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Unknown
2015-02-11 TOP PICK iShares-1-10-Corp-Bond-Fund
CBH-T
Hank Cunningham

1-to-10 year corporate bond ladder. He prefers individual bonds, rather than funds, especially mutual funds. For those people who don’t have the money, the desire, or the access to bonds to do it with individual bonds, then this windows the same thing. There are a lot of bank bonds in this. The rationale between a 1 to 10 year ladder, is because the yield pickup from 5 to 10 years has averaged over 1% for the last 20 years. You benefit when long-term rates fall as well as when long-term rates rise.

Price:
$20.240
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
No
2015-02-11 TOP PICK SalesForce.com-Inc.
CRM-N
John Stephenson

Basically a customer relationship management tool. It allows you to put in customers names for mass mailings, etc. Their growth is phenomenal at 20%-25% per annum. A lot of that is flowing to the bottom line. Bottom line performance is growing at 25%-35%. Relatively small as a company, so it has a long ways to go.

Price:
$58.800
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BEARISH on ENERGY
Owned:
Yes
2015-02-11 TOP PICK General-Motors-Corporation
GM-N
John Stephenson

Has $37 billion in cash. Trading at an 8X multiple, so it is dirt cheap considering the market is at around 16X. There is definite upside because it is cheap. He does think we are getting in the later innings in the OEM space, but thinks this one has some life given its low valuation.

Price:
$37.670
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BEARISH on ENERGY
Owned:
Yes
2015-02-11 TOP PICK Lightstream-Resources
LTS-T
John Stephenson

(Short) A debt heavy oil producer. It is up against its bank lines. Have covenants of 4X net debt to EBITDA. Bonds are selling at less than $0.60 on the dollar.

Price:
$1.450
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BEARISH on ENERGY
Owned:
Yes
2015-02-11 TOP PICK iShares-US-High-Yield-Bond-Index-ETF
XHY-T
Hank Cunningham

The collapse of energy prices put a shudder of fear through the high-yield bond market, to the extent that a massive redemption occurred and high-yield bond markets climbed. Has a yield of about 6.2% with 500-600 different issues in it. This is hedged, so there is no currency risk in it.

Price:
$21.320
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
Unknown
2015-02-10 TOP PICK Sphere-3D
ANY-Q
Jerome Hass

(SHORT) He is somewhat skeptical of the technology. In order to hedge his position he sold his position and held the warrants, which essentially was a free option on the company to see if they succeeded or not. He kept waiting for their 1st major sale, but it just never came about. He got frustrated by the lack of any sales, so exercised his warrants. He has had this Short on for about 2 years now.

Price:
$3.660
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2015-02-10 TOP PICK Bank-of-Montreal
BMO-T
Jerome Hass

(A Top Pick April 16/14.) (Short) Long Guardian Capital (GCG.A-T) and short Bank of Montréal (BMO-T). This and Guardian could both go up in absolute value, as long as your Long position goes up more than your Short position. It’s all about the relative movement between the 2.

Price:
$77.810
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2015-02-10 TOP PICK Guardian-Capital-Group
GCG.A-T
Jerome Hass

(A Top Pick April 16/14. Down 0.87%.) Long Guardian Capital (GCG.A-T) and short Bank of Montréal (BMO-T). The whole rationale behind this was that in 2001 this company sold its mutual fund business to Bank of Montréal in exchange for 5 million Bank of Montréal shares. The company sat on these shares until about 18 months ago. They still hold 4.7 million shares. This large investment portfolio is currently worth about $16.75. Their stock price today is $16.95. Essentially you are paying $0.20 for the business. Very good institutional managers, who have a large private wealth network as well. Recently made an acquisition in the UK. Yield of 1.54%. Feels that Bank of Montréal, or one of the other banks, is going to take them out at a very healthy premium.

Price:
$16.950
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2015-02-10 TOP PICK Loblaw-Companies-Ltd
L-T
Christine Poole

Has invested in its operations through the IT system and the store refurbishing program, and these are largely behind them. Going forward you are going to see them start to reap the benefits of those investments. Likes the Shoppers acquisition which is just flowing into their operations now. Yield of 1.58%.

Price:
$62.880
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-02-10 TOP PICK NYX-Gaming-Group-Ltd
NYX-X
Jerome Hass

Likes that this is an uncrowded way to play the gaming space. They IPO’d on Dec 30/14, and not too many analysts and portfolio managers around. This is sort of the back end, as opposed to what Amaya (AYA-T) and Entertainment (?), which is the front end do. Have about 100 clients and about 300 games. They design games and then license them to other parties who want to operate the games themselves. Because of this you are not taking on as much specific risk on a particular site or a particular franchise. Have a couple of growth opportunities in terms of acquisitions related to both Amaya and Entertainment. An interesting growth story.

Price:
$4.550
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2015-02-10 TOP PICK PPG-Industries
PPG-N
Christine Poole

They provide the coatings and paint for aerospace, and are benefiting from the strong cycle. Also, in automotive painting in all the major geographies, so the ramp up and demand in China and Europe for autos will be a benefit. Into architectural paint for housing as well, so it is a play on housing starts. Yield of 1.18% and has consistently increased the dividend for 43 consecutive years.

Price:
$228.240
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-02-10 TOP PICK Royal-Bank
RY-T
Christine Poole

Pulled back with the general sector, but also pulled back with the recent announcement of the City National acquisition. They paid a very full price for that asset, but City National has a strong presence in 2 very attractive areas, high net worth and commercial lending, and is located in Los Angeles, New York and San Francisco, where there is a very high concentration of net worth individuals. Dividend yield of 3.94%.

Price:
$76.420
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-02-09 TOP PICK Nestles
NSRGY-OTC
Mark Grammer

Well run and diversified company.  They don’t have a lot of manufacturing in Switzerland for export.  Last week their short debt was trading at a negative yield.  It is going to get more expensive.

Price:
$0.001
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-09 TOP PICK Playmates-Toys-Ltd.
PMTYF-OTC
Mark Grammer

Make teenage ninja turtle toys.  Small cap.  Sold off dramatically after earnings, but they flagged that.  They are now paying tax and had not paid it in a few years.  They paid a huge special dividend.  Huge prospect in China and Japan.  He comes out with a fair value of $4. 

Price:
$0.000
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-09 TOP PICK iShares-20-and--yr-Tr.-Bond-ETF
TLT-N
Hap (Robert) Sneddon FCSI

This has done really well. Has been one of the most hated spaces of investing. Chart shows a nice long upward trend. If it broke below $125, he would re-evaluate this. Based on what the Fed is doing and some of the economic data that he is expecting to see come out in the next little while, we’ll probably see the US 10 year closer to 1% or below. If you are an asset allocator, you have to have long bonds. They did well last year.

Price:
$130.750
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-02-09 TOP PICK SPDR-Consumer-Staples-ETF
XLP-N
Hap (Robert) Sneddon FCSI

Just had a falloff and he thinks that is a good buying opportunity. Have good quality companies. Use the weakness to buy this.

Price:
$48.700
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-02-09 TOP PICK BMO-India-Equity-Hedged-to-CAD-ETF
ZID-T
Hap (Robert) Sneddon FCSI

Hit a peak of around $21 and had expected it to come off a little, which it has. He has his 1st tranche in there for one client class, and is waiting to buy it for the 2nd client class. Chart shows a long downward and upward curve from 2011, which could become a cup and handle. He would like it to stay above the $17 level.

Price:
$19.080
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-02-09 TOP PICK Elring-Klinger-AG
ZIL2-GR
Mark Grammer

Great quality company that specializes in gaskets.  They require a lot of process technology.  They have over 50% market share in gaskets around the world.  A family run business.  He is very impressed with them.  It took off in September because of the Euro.  Their customers really like them a lot.

Price:
$0.000
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-06 TOP PICK Aecon-Group-Inc
ARE-T
Michael Simpson, CFA

Originally bought this at around $13, but as it began to drop he started to buy aggressively. Historically when it is trading at or below BV, it is a good time to buy. Primarily an engineering and construction firm. Oil and oil sands exposure is only 25%, of which 60% is related to maintenance work. Very cheap. A catalyst is the sale of their Quito Ecuador airport concession. Yield of 3.28%.

Price:
$11.170
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-06 TOP PICK Badger-Daylighting
BAD-T
Chris Hensen

Because of the recent volatility and lower energy prices, this company got hit. Most recently they had to cut their build rate from 3 to 5 trucks to a lower level, to account for the slowdown they are seeing out West. Their exposure to oil sands is about 15%. Energy end market exposure is around 50%, but this is more about large pipelines that are in the ground and active, regardless of what the price of oil does. On top of this, their expansion opportunities in the US are 5-10 times greater than in Canada, and they are starting to gain more traction in the US marketplace. They are able to redeploy their hydro-vac trucks in other regions, where there is demand. 1.45% dividend yield.

Price:
$24.760
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2015-02-06 TOP PICK Chemtrade-Logisitics-Inc.
CHE.UN-T
Michael Simpson, CFA

In the specialty chemical business. They are the number 1 producer of ultrapure sulphuric acid in North America. They also produce chemicals for the pulp and paper industry. Made an acquisition of General Chemicals which leads to chemicals for the food, pharmaceutical and water treatment industries. Very good and smart management. Debt is a bit high, but that will come down with cash flows from General Chemicals. You also have the benefit of receiving US revenues. Dividend yield of 5.37%, and over time this will increase.

Price:
$20.810
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-06 TOP PICK Cominar-Real-Estate-Inv-Tr
CUF.UN-T
Chris Hensen

This recently traded below Book Value. This is one of the largest commercial real estate operators in Québec. $8 billion portfolio, 75% exposed to Quebec, and the rest to Ontario, Maritimes and a little bit out West. Trading at Price to Book of around 1 and paying a dividend yield of 7.59%, and he doesn’t feel you can go wrong.

Price:
$19.360
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2015-02-06 TOP PICK MTY-Food-Group
MTY-T
Chris Hensen

(A Top Pick Oct 20/14. Up 23.64%.) The King of the food courts. Dominant franchises within the quick serves. Have been doing some acquisitions which will grow the top line by about 25%. Have about a 3% market share in Canada, and he could see them doubling that. Could see them doubling their revenue base over the next 7 years. Yield of 1.12%.

Price:
$36.010
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2015-02-06 TOP PICK Schlumberger-Ltd.
SLB-N
Michael Simpson, CFA

This will benefit from the merger of Baker Hughes and Halliburton. Big oil companies like to allocate their money amongst different oil service companies. Recently raised their dividend by 25%. 25% of their revenue comes from proprietary technology. Pristine balance sheet. Yield of 2.3%.

Price:
$86.160
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-05 TOP PICK Constellation-Software-Inc.
CSU-T
Jason Donville

(A Top Pick March 18/14. Up 44.13%.) Still buying today. The risk is that at some point the growth slows down, but in this case, it won’t be like a hay stack where it rolls over, but will just slow down because they got to a certain size. Did a bond issue last fall indicating they could be making an acquisition. They are brilliant capital allocators.

Price:
$376.150
Subject:
GROWTH & FINANCIALS
Bias:
CAUTIOUS
Owned:
Yes
2015-02-05 TOP PICK CGI-Group--A-
GIB.A-T
Jason Donville

They are embedded in a lot of companies, so regardless of what happens in the economy in the next year, this is going to continue to clip revenues from all the companies that it works for. The added attraction is that they have been paying down debt and becoming less levered. They will be out looking for an acquisition, which will probably happen the next year or 2 which will kick earnings forward. One of the lowest PE growth stocks in Canada right now.

Price:
$50.880
Subject:
GROWTH & FINANCIALS
Bias:
CAUTIOUS
Owned:
Yes
2015-02-05 TOP PICK Nuvista-Energy-Ltd
NVA-T
Robert Lauzon

Likes that they hedged out a lot of their gas and condensate production for the next year.  Great asset and no debt problem.  A lot of other companies would strategically like to own this asset. 

Price:
$8.170
Subject:
ENERGY
Bias:
BULLISH on OIL
Owned:
Yes
2015-02-05 TOP PICK Torc-Oil--and--Gas-Ltd
TOG-T
Robert Lauzon

Levered purely to oil, which is too cheap at $50.  They are backed by the Canada Pension plan as a shareholder.  They did a small tuck-in acquisition this morning.

Price:
$9.400
Subject:
ENERGY
Bias:
BULLISH on OIL
Owned:
Yes
2015-02-05 TOP PICK Tourmaline-Oil-Corp
TOU-T
Robert Lauzon

Mostly natural gas.  Became oilier lately.  Liquid rich byproduct.  Trades at a premium multiple because of management’s access to capital markets.  It has gone down less than most companies, so it is more defensive.

Price:
$38.840
Subject:
ENERGY
Bias:
BULLISH on OIL
Owned:
No
2015-02-05 TOP PICK Valeant-Pharmaceuticals
VRX-T
Jason Donville

This is large cap, liquid and growing. They have organic growth plus a really strong acquisition ethos, so this is a place you want to be. He is very comfortable with this being 25% higher in a years time. A great company and a safe grower in what could be a tumultuous period in the next year or 2.

Price:
$200.430
Subject:
GROWTH & FINANCIALS
Bias:
CAUTIOUS
Owned:
Yes
2015-02-04 TOP PICK Progressive-Waste-Solutions-Inc
BIN-T
Peter Hodson

If it is a garbage market then buy garbage.  In a recession their business is still there.  Liked their numbers in ’08.  It is quite big and they have a good market share.  The US dollar impacts 60% of their earnings and lower oil reduces their fuel costs.

Price:
$36.370
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC
Owned:
No
2015-02-04 TOP PICK Bank-of-Nova-Scotia
BNS-T
David Baskin

He likes this because it has so much foreign income and its growth in foreign markets, particularly in South America and Mexico. He thinks it is undervalued. Dividend yield of 4.16% is terrific.

Price:
$63.430
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-02-04 TOP PICK Currency-Exchange-Intl.
CXI-T
Peter Hodson

It is about the management team.  They are a currency exchange service.  Their software keeps track of currencies and allows them to offer better service to their customers.  Revenues are increasing and their outlook is better going forward.  Management owns a lot of the company.  It is an all in management company.

Price:
$24.180
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC
Owned:
No
2015-02-04 TOP PICK Qualcomm
QCOM-Q
David Baskin

What he likes most about this is that it has a 65% market share in its space, chipsets for mobile devices. Two thirds of all mobile phones globally use their chipsets. They are very innovative. Have a new chip called Snapdragon. It is now a question of how many circuits and lines you can get close together. Stock is down because they are having trouble with payments in China, which he thinks can be cured. Have also had some investigations in Europe and other markets about being anticompetitive, which is going to happen when you have a 65% market share. Sales of smart phones keep increasing. Growing its dividend. Quite inexpensive and a great entry point. Dividend yield of 2.51%.

Price:
$66.960
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-02-04 TOP PICK TransForce-Inc.
TFI-T
David Baskin

This company has been consolidating the “less than truckload” trucking industry. When you buy your competitors, there is always a little question about digesting them and merging the cultures, but over time you should be able to become more efficient and be able to increase your margins. Lower fuel prices are a huge benefit for the trucking companies, not just because of the cost saving, but allowing them to become more competitive with the railways. Dividend yield of 2.34%.

Price:
$29.070
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-02-04 TOP PICK Exco-Technologies
XTC-T
Peter Hodson

A little Magna (MG-T).  88% earnings increase last year.  Their margins are improving dramatically.  This one is not followed widely.  14 times earnings and they raised their divided 20% recently.  They are like LNR-T a few years ago. 

Price:
$14.180
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC
Owned:
No
2015-02-03 TOP PICK Cathedral-Energy-Services
CET-T
Benj Gallander

They got out of the Venezuela situation where they were drilling. In the quarter ending in November, they had record revenues. Have expanded into the US. Financial statements are quite reasonable. Yield of 13.47%, but it would not surprise him if they announced a dividend cut in the future. His target price is over $10.

Price:
$2.470
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-02-03 TOP PICK First-United
FUNC-Q
Benj Gallander

One of the beauties is that they have 6 million shares outstanding. They did not increase the share count during the recession when they were having some difficulties. Capitalization ratios are good. BV is 13+, and if you knock out the goodwill, it is 11+. Prior to the recession, they paid a dividend of $.20 a quarter, so he thinks that before the end of 2016, they will re-implement the dividend. Not very liquid.

Price:
$8.610
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-02-03 TOP PICK Corning-Inc
GLW-N
Darren Sissons

We are starting to see the US economy starting to strengthen, so there are replacement cycles on TVs, phones, cars, etc. Also, Europeans are banking on fibre optics. Very strong balance sheet. Progressively growing its dividend. Has had a decent run, but he sees more upside.

Price:
$24.350
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-03 TOP PICK GSE-Systems-Inc
GVP-A
Benj Gallander

Have software for training people in the nuclear and chemistry industries. They have zero debt. Insiders own about 17%. Recently did a takeover which would normally make him wary, but had been working with the company for 4 years. Their backlog is up about 26%. His Sell target is $5 plus.

Price:
$1.620
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-02-03 TOP PICK Nestles
NSRGY-OTC
Darren Sissons

This is a global large cap based in the safe haven of Switzerland. It gradually grows its dividend. Has a very good mix of developed and emerging markets. More recently they have been trying to cut costs out of their working capital, and as they bring that cost down, that should start to show up in higher dividends.

Price:
$0.001
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-03 TOP PICK Vodafone-Group-PLC
VOD-Q
Darren Sissons

Thinks there is some structural upside in this. Europe is going to see its telecoms grow revenues, probably for the 1st time in at least 10 years, compared to Canada, where it is a cost savings story which is driving earnings. They have a strategy of going around the world and picking up assets, incubating them, and then selling them for a profit in the future.

Price:
$35.910
Subject:
GLOBAL LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-02 TOP PICK Air-Canada--B-
AC-T
John Zechner

It is the lower oil that sticks out.  The impact of the lower oil prices as their hedges run out is significant.  It is volatile but there is upside here.

Price:
$11.960
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-02 TOP PICK Clearwater-Seafoods-Inc.-
CLR-T
Michael Smedley

This is the time when food is the right thing in this dismal market. It is an amazing company in that it is in the niche of shellfish and pretty well commands the east coast of North America. Good management.

Price:
$12.890
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-02-02 TOP PICK Martinrea
MRE-T
John Zechner

It is a combination of value at 10 times earnings, and growth of 15%.  Most revenue is in US$ and a good chunk of costs are in CAD$.  There is not a parts manufacturer that is as well positioned for the use of aluminum as they are.  There is pretty much nothing, but upside even in a sloppy environment.

Price:
$9.850
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-02 TOP PICK Patient-Home-Monitoring
PHM-X
Michael Smedley

This is one of the best volume traders for weeks and months. Thinks only one broker covers it, but expects there will be more. They look after mainly elderly people and assisting US hospitals systems, which wants to get people away from the hospital and into home monitoring.

Price:
$0.960
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-02-02 TOP PICK Restaurent-Brands-International
QSR-T
Michael Smedley

He likes to buy things early. They have spent a lot of money and dedication in taking Tim Hortons global, as well as Burger King itself.

Price:
$48.350
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2015-02-02 TOP PICK Yahoo-
YHOO-Q
John Zechner

They are going to spin out their BABA-N stake.  Own this and possibly short BABA-N.  The market is attributing a negative value to the core business of YHOO-Q.

Price:
$44.685
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-01-30 TOP PICK Walt-Disney
DIS-N
Keith Richards

The 3-year chart shows a long, continuous upward trend. It has a high P/E ratio because management knows how to do things right. They are a money making machine. Great chart, great company, great management. Any dip, which we have seen over January, is a buying opportunity.

Price:
$90.960
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2015-01-30 TOP PICK Hudson-Bay-Co.
HBC-T
Greg Newman

One reason he likes this is the real estate play, but the big reason is that 63% of their business mix comes from the US. He thinks you will benefit from a stronger US consumer and lower oil. They report in Cdn$, so are going to benefit from the US dollar exposure. Have been doing well in Q3 on their top line growth, bottom line growth and margins. Yield of 0.85%.

Price:
$23.420
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2015-01-30 TOP PICK Manulife-Financial
MFC-T
Greg Newman

Expects that in the next 12-24 months we are going to have higher yields, which will be a tailwind for this company. 45% of earnings is coming from the US. Trading below its five-year average. Solid top and bottom-line trends in Asia. Yield of 3.05%.

Price:
$20.380
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2015-01-30 TOP PICK Shaw-Communication--B-
SJR.B-T
Greg Newman

The Cdn$ is probably going to go lower. He thinks a 4th player is going to come in to Canada and going to hurt the Big 3. The money from there is going to have to go somewhere and this company is quite reasonable. They just pulled back from a weaker Q1. Thinks they can grow their EBITDA this year by 5%-7%. Combining out with lower CapX, he sees their free cash flow growing by about 30% through 2017. Also, expects 5% dividend growth. Yield of 4.02%.

Price:
$29.340
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2015-01-30 TOP PICK SPDR-Cons-Discretionary-ETF
XLY-N
Keith Richards

This is a seasonal call. Although he respects the seasonals, he is technical and fundamental. The idea is that you rotate out of the discretionary stocks after the winter, and you go into staples. You then reverse this in the summer. In this case, he waited until December because the staples were the out-performers right up until the end of the year. Then he started to see the staples underperform a bit, so he rolled into the discretionarys late in the year. This is showing the higher highs and higher lows. He thinks this will move until at least April-May.

Price:
$69.990
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 120 of 20,634 entries
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