Stockchase Daily News RSS The Days Comments by Experts http://www.stockchase.com/ en A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Markets.&nbsp;</strong></span> The leader of the people&rsquo;s bank of China is suggesting more easing is on the way.&nbsp; Real Estate has finally started to turn negative.&nbsp; Markets that go up because of stimulus do not inspire confidence.&nbsp; He would not put any new money there.&nbsp; Surveys show C-suite execs are gloomy about the economy.&nbsp; Retail sales in the US have been weak for the last couple of months.&nbsp; Canada is an energy market and so only outperforms the world when energy is strong.&nbsp; Corporate Canada is looking at it and saying that perhaps this is not a great thing for us.&nbsp; Our job picture is not good.&nbsp; He thinks business sentiment being negative it is not priced into the market.&nbsp; Amazon is rolling out their home services business.&nbsp; They are wildly bullish about bring down the costs, but these products and services Amazon is bringing are deflationary.&nbsp; ETF costs are another example &ndash; they are deflationary also.&nbsp;</p> http://www.stockchase.com/opinions/view/145272 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145272 Vanguard FTSE All-World ex Canada <p>The world yields about 2.3%.&nbsp; There are dividend focused world ETFs.&nbsp; He is not sure focusing on dividends only makes sense.&nbsp; Dividends on average tend to underperform.&nbsp; VXC-T is everything in the world except for Canada.&nbsp; Foreign dividends don&rsquo;t get preferential tax treatment, but that tax break is insignificant compared to what you would give up if you only invest in Canada.</p> http://www.stockchase.com/opinions/view/145273 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145273 iShares US High Yield Bond Index ETF <p>This is just high yield bonds.&nbsp; The problem is that high yield correlates with equity markets.&nbsp; It does not give the normal negative correlation of bond yields to equities.&nbsp; XTR-T is more diversified.&nbsp;</p> http://www.stockchase.com/opinions/view/145274 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145274 iShares Diversified Monthly IF ETF <p>A basket of other ETFs.&nbsp; If interest rates skyrocket, nothing will protect you.&nbsp; But he thinks interest rates will stay low for years and years to come.&nbsp; You get a return on capital from this one in the 6% payout.&nbsp;</p> http://www.stockchase.com/opinions/view/145275 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145275 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Move out of GICSs now?&nbsp;</strong></span> The time to place new money is not 6 years into a bull market.&nbsp; When you have had a 20% correction, you can then start averaging into the equity market.</p> http://www.stockchase.com/opinions/view/145276 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145276 iShares S&P/TSX Capped Comp. ETF <p>There has been tremendous competition in ETFs in terms of MERs.&nbsp; The costs are not going to go lower than this because they make almost no money with this.</p> http://www.stockchase.com/opinions/view/145277 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145277 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Uranium.&nbsp;</strong></span> He thinks nuclear going forward over 20-30 years is going to be the cleanest source of energy in the world for mass scale.&nbsp; He is bullish on Uranium, but since the Japan disaster, the world vision has changed on this.&nbsp; Regardless he is a big believer.&nbsp; We are in a bottoming phase and it makes sense to have some.&nbsp; He likes URA-N as a diversified way to play it.</p> http://www.stockchase.com/opinions/view/145278 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145278 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Gold is a separate asset class.&nbsp;</strong></span> He suggests HGY-T to get a yield from the covered call overlay while you wait.&nbsp; He loves the invention of these covered call strategies.</p> http://www.stockchase.com/opinions/view/145279 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145279 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Educational Segment.&nbsp; Canadian vs. the world market since Mar 9/09.</strong></span>&nbsp; Canadians need to be global investors.&nbsp; The only incentive is tax considerations.&nbsp; In non-taxable accounts you must be global.&nbsp; Consumer discretionary has lead since &rsquo;09.&nbsp; Less than 10% of the top three sectors make up the Canadian index.&nbsp; Canada has a lot in its index that underperforms the world.&nbsp;</p> http://www.stockchase.com/opinions/view/145280 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145280 Legacy Oil and Gas Inc. <p>They are in a difficult debt situation.&nbsp; They are really hoping they can go in and affect an asset sale.</p> http://www.stockchase.com/opinions/view/145281 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145281 Surge Energy Inc <p>With $50 WTI and $2.75 for Nat Gas, their payout ratio can&rsquo;t be allowed to get over 100%.&nbsp; They made a lot of acquisition over the last few years and they have to be careful about capital expenditures.</p> http://www.stockchase.com/opinions/view/145282 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145282 A Comment -- General Comments From an Expert <p><strong><span style="color: #ff0000;">Markets.&nbsp; </span></strong>The spread between WTI and Brent is crucial. The WTI price is what we have on this continent and what reflects the storage numbers we have here.&nbsp; The near month crude prices are lower than those of the future months (co tango).&nbsp; We have a large pool of extra crude that is sitting in the north US and Canada.&nbsp; Refiners use this as a cheap source of their input.&nbsp; Some companies can spend through this trough and others have high debt and high decline properties and so have to cut back on CapX.&nbsp; There is a wide difference between the haves and the have nots.&nbsp; The former could be the survivors while the later may not make it.&nbsp;</p> http://www.stockchase.com/opinions/view/145283 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145283 Mapan Energy Ltd <p>Highly dependent on Nat. gas prices. They have a great balance sheet with cash on it and plan some capital expenditures.</p> http://www.stockchase.com/opinions/view/145284 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145284 Tourmaline Oil Corp <p>It is still a darling, based on the management.&nbsp; They are performing better than in the past.&nbsp; They are one of the most efficient companies in spending money.&nbsp; One of the better managed and fastest growing companies on the TSX.&nbsp;</p> http://www.stockchase.com/opinions/view/145285 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145285 Vermilion Energy Inc <p>They are managed differently than most other dividend paying companies.&nbsp; They price a lot of their crude off the higher Brent price because of global exposure.&nbsp; They have always had a very good balance sheet so they can spend through the troughs.&nbsp; They are working on an Irish off-shore oil project which should come on line soon.&nbsp;</p> http://www.stockchase.com/opinions/view/145286 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145286 Whitecap Resources <p>A very careful, consistently executed strategy of buying low decline good formation assets in the right locations.&nbsp; They pay a very good dividend.&nbsp;</p> http://www.stockchase.com/opinions/view/145287 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145287 Crescent Point Energy Corp <p>It is a great strategy.&nbsp; It started with buying existing oil fields with a very low recovery process.&nbsp; They are producing at very good levels and the assets have a low decline rate.&nbsp; This is a big advantage.&nbsp; They have been very prudent with acquisitions.&nbsp; They have a very strong hedging book.&nbsp; 65% of this year&rsquo;s oil is sold forward at over $80 a barrel.</p> http://www.stockchase.com/opinions/view/145288 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145288 Kelt Exploration <p><span style="color: #ff0000;"><strong>(Top Pick Jun 25/14, Down 51.67%)</strong></span> He kept his position.&nbsp; They did well until IMO bought them as Keltic.&nbsp; They then turned around and did it again better and faster and more efficiently.&nbsp; They know what they are doing.&nbsp; Great internal rates of return and a clean balance sheet.&nbsp; He will wait because it is a good quality team.</p> http://www.stockchase.com/opinions/view/145289 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145289 Canadian Natural Rsrcs <p><span style="color: #ff0000;"><strong>(Top Pick Jun 25/14, Down 17.49%)</strong> </span>First company to complete an oil sands mine, putting it in operation on time and on budget.&nbsp; A very well run company.</p> http://www.stockchase.com/opinions/view/145290 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145290 Crescent Point Energy Corp <p><span style="color: #ff0000;"><strong>(Top Pick Jun 25/14, Down 36.76%)</strong></span> They are going out of their south east and south west Alberta asset base.&nbsp; They are now in Utah.&nbsp; They can take the technology from one area and apply it to another.&nbsp;</p> http://www.stockchase.com/opinions/view/145291 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145291 Twin Butte Energy <p>They have to reduce their capital expenditures.&nbsp; Fortunately, they could redirect them into lighter crude.&nbsp; They suffered some write downs in their heavier oil plays.&nbsp; They have a good solid balance sheet and can still pay the dividend.&nbsp; However, oil prices have to eventually return to their higher levels.</p> http://www.stockchase.com/opinions/view/145292 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145292 Advantage Oil & Gas Ltd <p>More of a natural gas player.&nbsp; The balance sheet is in good shape.&nbsp; They have a very well executed CapX plan.&nbsp; This is an excellent time to sell the have nots and buy the haves like this one.</p> http://www.stockchase.com/opinions/view/145293 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145293 Painted Pony Petroleum <p>They are highly dependent on Nat. gas prices.&nbsp; They just went ahead and financed so they can affect their growth and reduced their CapX until there is a turnaround in Nat. gas prices.&nbsp; They have good partners to fulfill the infrastructure they need.</p> http://www.stockchase.com/opinions/view/145294 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145294 A Comment -- General Comments From an Expert <p>His favourite <span style="color: #ff0000;"><strong>pipelines</strong></span> are Keystone, Energy East and Gateway.&nbsp; He prefers the mid stream companies, however.</p> http://www.stockchase.com/opinions/view/145295 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145295 Precision Drilling <p>Oil services companies are going through difficult stress and strain, but this one has a good enough balance sheet to withstand this.&nbsp; They are the largest drilling contractor in Canada and getting into foreign ventures.&nbsp; The efficiency of their current North American rigging is tremendous.&nbsp; They help oil and gas companies lower their costs.&nbsp; You have to time it for when there is definitely a bottom in global oil prices and they are going back up again.&nbsp; We need to see oil go back up.</p> http://www.stockchase.com/opinions/view/145296 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145296 Torc Oil & Gas Ltd <p>Field services companies seem to react more quickly to changing conditions.&nbsp; He likes a strategy of having a diversification amongst the top companies, integrateds, upstream and mid stream companies.&nbsp; TOU-T have experienced management and a good balance sheet.</p> http://www.stockchase.com/opinions/view/145297 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145297 Canadian Oil Sands <p>Pure play on syncrude which is a partnership of a variety of companies.&nbsp; He thinks the chances that there would be a consolidation of the shares in this project would be remote.&nbsp; They are going to be giving a lot more money back to shareholders.&nbsp;</p> http://www.stockchase.com/opinions/view/145298 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145298 Keyera Corp <p>A very well run mid stream company.&nbsp; A lot of the assets are backed by multiyear contracts signed with very strong reputable companies.&nbsp; A Great way to produce sustainable growth and dividends.&nbsp; The company is relatively conservative of how they have done growth through their balance sheet. They are going through a very large capital expenditure program.&nbsp; It got to a price and earnings multiple level was quite high.&nbsp; It has fallen back down to where he likes it.&nbsp; Stock split scheduled shortly.</p> http://www.stockchase.com/opinions/view/145299 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145299 Altagas Ltd <p>Likes it in the mid-stream area.&nbsp; Good diversification of regulated gas utilities.&nbsp; They have been growing at a very good rate and he is happy to hold it here.</p> http://www.stockchase.com/opinions/view/145300 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145300 Enerplus Corp <p>Went through tremendous change. They are now concentrated in high valued Nat. gas.&nbsp; They found the sweet spot in the Balkan.&nbsp; They are valued at a very modest level.</p> http://www.stockchase.com/opinions/view/145301 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145301 Imperial Oil <p>They have gone ahead and affected a lot of assets.&nbsp; They spent a lot recently in CapX.&nbsp; They are well managed and a great growth company.&nbsp; Only 23% in debt.&nbsp; Downstream assets have huge earnings power.&nbsp; They earned as much in refining as in upstream operations.</p> http://www.stockchase.com/opinions/view/145302 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145302 PrairieSky Royalty <p>They don&rsquo;t have to spend any money at all.&nbsp; There is going to be some reduction in activity on their lands, but they are low decline rate fields.&nbsp;</p> http://www.stockchase.com/opinions/view/145303 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145303 High Arctic Energy Services Inc <p>They confused everyone with the name.&nbsp; Their biggest earnings generator is in New Guinea.&nbsp; They have an island and two new rigs being built.&nbsp; Good solid dividend of 5%+ and a good revenue stream.</p> http://www.stockchase.com/opinions/view/145304 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145304 A Comment -- General Comments From an Expert <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>Markets.</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"> There are a lot of moving parts, and some of them are counter to each other, such as the strength of the US$ which is probably giving fits to the US Federal Reserve. For somebody in the market who wants to be distinguished for good choices, it is a good time. We have had a long time where there has been a period of very, very low dispersion, where most stocks have tracked each other. He has tweaked his portfolio to take advantage of the stronger US$ going for more domestic type companies and scaling out of those that are more international. Had started to see this trend and started to pare back his international industrial exposure some time ago. He is constructive on the market.</span></p> http://www.stockchase.com/opinions/view/145305 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145305 Ensco PLC <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Sold his holdings in February at around $30. The tough part of investing and the money making part, is making the difficult decisions when things are going against you. A certain part of his business plan is having a certain percentage of being wrong. Successful investors are right about 70% of the time.</span></p> http://www.stockchase.com/opinions/view/145306 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145306 Time Warner Inc <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">There are rumours swirling in this whole area. The company has a made a very strong case that they are a very viable standalone operation. Their objective is to make $6 a share in 2016 and $8 a share by 2018.</span></p> http://www.stockchase.com/opinions/view/145307 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145307 Wells Fargo <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">This is a senior bank that is well capitalized and well-managed. Haven&rsquo;t had the regulatory difficulties that some of the others have had. More tied to the housing market than any other institution. Over time mortgages will be a winning strategy for them.</span></p> http://www.stockchase.com/opinions/view/145308 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145308 Apple <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Trading well below market multiple, yet it is growing at a faster rate. That tells him that over time it will make that up, and go to levels that will take it to a valuation more in sync with the market. This is not overvalued and has some room in front of it. </span></p> http://www.stockchase.com/opinions/view/145309 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145309 General Electric <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Sold his holdings. One of the top down influences that he felt was that he didn&rsquo;t want to favour his portfolios with companies that were exposed to non-US denominated revenues because they would be averting by a stronger US$, which has sort of come to pass. The French government got involved with their negotiations and started to extract concessions from GE, and this didn&rsquo;t leave a very good taste in his mouth.</span></p> http://www.stockchase.com/opinions/view/145310 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145310 Ford Motor <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Brought out 28 new models last year, which kind of hurt in the short term, because they had to shut down production. F150, their huge driver, had been remodelled and reengineered which cost them in 2014. Going forward, this is a good Hold. There is good opportunity for this.</span></p> http://www.stockchase.com/opinions/view/145311 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145311 Alere Inc <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>(A Top Pick March 19/14. Up 34.86%.)</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"> Healthcare in diagnostics in all areas of healthcare. They have a flu test that can diagnose in 10 minutes.</span></p> http://www.stockchase.com/opinions/view/145312 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145312 Boeing <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>(A Top Pick March 19/14. Up 27.01%.)</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"> Thinks this has a long ways to go from here. It is obviously built on the cycle of new aircraft development, headed by the 787 Dreamliner. These new airplanes are 7%-10% more fuel efficient than the old airplanes. This is a story that will go into the 2020&rsquo;s.</span></p> http://www.stockchase.com/opinions/view/145313 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145313 Google <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>(A Top Pick March 19/14. Down 1.15%.)</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"> Very innovative company, but going through a &ldquo;low&rdquo; in terms of monetization of new products. They are putting in huge amounts of CapX into new developments. It continues to grow fundamentally at a much better rate than the price might indicate which leads the valuations to come down. This is a solid 15% grower which represents a really good value.</span></p> http://www.stockchase.com/opinions/view/145314 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145314 Alibaba Group Holding <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Has stayed away from US non-domiciled companies. He has uneasiness with the financial reporting. There have also been rumours of counterfeiting, etc. There are other places where you can be more confident.</span></p> http://www.stockchase.com/opinions/view/145315 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145315 Qualcomm <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">With their problems they had in China and a number of their customers not honouring the royalty and licensing agreements, the stock dropped considerably. He felt it was a little bit overdone, so when the stock moved back up into the low $70s, he exited.</span></p> http://www.stockchase.com/opinions/view/145316 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145316 Home Depot <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">A very good, well-managed company. At this point in time it is very well positioned for the economy that is slow growing, but certain areas of it have lots of potential. The household formation of the US peaked in 2005-2006 in the $1,500,000 range. We are just now poking our head above the $1 million range. Because of this, there is a long ways to go to getting back to full capacity of household formation. This company is uniquely positioned to take advantage of that. Trading at about 20X earnings.</span></p> http://www.stockchase.com/opinions/view/145317 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145317 Wal-Mart Stores Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Has become a relatively slow growth retailer. A very large piece of their revenues are grocery based, and grocers are notoriously low margin businesses. This doesn&rsquo;t interest him.</span></p> http://www.stockchase.com/opinions/view/145318 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145318 McDonalds <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Have had trouble over the last few years. People are concerned about management. Part of their problem now is the menu. People globally are changing their habits, and companies have got to adapt quickly.</span></p> http://www.stockchase.com/opinions/view/145319 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145319 Kraft Foods Group <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Merging with Heinz. Heinz is a high priced low growth situation, like a lot of the packaged foods types of companies. Habits are changing. If you own, grab your money and move on.</span></p> http://www.stockchase.com/opinions/view/145320 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145320 Exxon Mobil <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">One of the largest integrated oil companies, but it is hard to get excited about it. It has a wide variety of applications, so it is not going to be hurt by the commodity price as much as a pure E&amp;P play because of the refining side. A slow grower and probably always will be. There are probably better places to be.</span></p> http://www.stockchase.com/opinions/view/145321 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145321 United Parcel Services <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Had a real misstep in their 4<sup>th</sup> quarter, but it all came back to their execution over the holiday season. This is 2 years in a row. Did some serious cost cutting which the street liked, but some times you can cut to the bone. He thinks this is what happened here. They are not executing well.</span></p> http://www.stockchase.com/opinions/view/145322 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145322 Visa Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Not an inexpensive stock, but it is a high growth stock and a very predictable company. A transaction-based company. A lot of people think they have credit risks but they don&rsquo;t. They basically get paid on the number of transactions. They are in the prime spot to benefit from the move to electronic payments.</span></p> http://www.stockchase.com/opinions/view/145323 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145323 CVS Health Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">They have both the back and front end of US drugstores. Back end contributes about 70% of revenues and profits. This is a play on the aging population demographics, plus Obama care. This gives a great many more Americans access to insured health benefits. Dividend yield of 1.35%.</span></p> http://www.stockchase.com/opinions/view/145324 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145324 Esterline Technologies <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">This sells into the aerospace and defence sectors. They put a lot of dollars into each 350 that is built, in avionics and censors.</span></p> http://www.stockchase.com/opinions/view/145325 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145325 Ryland Group <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Likes the homebuilding space very much. It has been a little slow to get off the launching pad, but thinks it has a long ways to go. Lending standards are very, very tight. These things ebb and flow. Well positioned to do well. Dividend yield of 0.25%.</span></p> http://www.stockchase.com/opinions/view/145326 Mon, 30 Mar 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/145326