stockchase picture

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

Recent Top Picks

Date Signal Company Expert Opinion Price
2015-07-31 TOP PICK Canadian-Imperial-Bank-of-Commerce
CM-T
Lyle Stein

For many years this has been the unfavoured bank amongst Canadian banks. It has the highest yield and they have raised the dividend a couple of times to the shock of some people. Good yield and they are growing the dividend. Has the best tier 1 capital ratio in Canada. Sentiment is starting to swing back to this bank. This is a bit of a contrarian play. Dividend yield of 4.67%.

Price:
$93.460
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-07-31 TOP PICK Goldcorp-Inc
G-T
Lyle Stein

Just slashed its dividend by 60%. Management, quite prudently, decided to keep $300 million of cash. When you are investing in commodity companies, bad times come, but the good times are unbelievable. Has increased its credit line by $1 billion and sold a mine for $1 billion, so suddenly they have $2 billion of liquidity. Also, had numbers that were quite good from an operating perspective. They now have a Tier 1 triple B balance sheet that they are intending to maintain, and have the ability to pick up other companies that are falling on hard times. Dividend yield of 4.43%.

Price:
$17.450
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-07-31 TOP PICK Sun-Life-Financial-Inc
SLF-T
David Cockfield

This is mainly Canada and the US, which is what he likes. A good safe stock and he can see it increasing its dividend in the future. Prefers this over Manulife (MFC-T) because of Manulife’s involvement in the Orient. Dividend yield of 3.15%.

Price:
$42.690
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-07-31 TOP PICK Toronto-Dominion
TD-T
David Cockfield

Canadian Banks have been under pressure with some US companies Shorting them. This one has a big US content. It hasn’t done much for a while and he is expecting better results in the upcoming quarters. Good dividend increaser. Dividend yield of 3.87%.

Price:
$52.770
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-07-31 TOP PICK Trans-Canada-Corp
TRP-T
Lyle Stein

He invests private client money, and when you do that it is not about the next hot story or the next great simple return, it is about owning great companies and letting them work for you. This has been one of those. About a year ago, they had about $45 billion worth of CapX potential that could double their EBITDA in 6-7 years. Keystone could be taken off the list. Energy East may or may not go. These pipelines need to be built, but in the meantime they have $12 billion of expansion capacity that they can add. Dividend yield of 4.09% will continue to grow.

Price:
$50.830
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-07-31 TOP PICK BMO-Low-Volatility-US-Equity-ETF
ZLU-T
David Cockfield

This is a way to participate in a broad base. Their beta is .76. It has 25% utilities, 25% consumer staples, 20% in healthcare and 10.9% in consumer discretionary. These are companies that are not particularly multinationals, which is what he wants. Feels the high US$ has hurt some of the big multinationals. These tend to be more domestic.

Price:
$27.120
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-07-30 TOP PICK Arc-Resources-Ltd
ARX-T
Robert Lauzon

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Price:
$52.700
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 60 of 21,254 entries
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