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: 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;"> The US 10 year bonds have gone from minus 2 to over 2. The market, instead of backing off, has gone on to make new highs. He thinks the market is saying that there is a trend to higher interest rates, not booming interest rates, but higher rates. That is good for the economy. We might see a shift from consumer sensitive stocks towards more economically sensitive areas. A chart on transportation averages shows it is rolling over with lower highs and lower lows. However, global infrastructure is now breaking out. The spread between these 2 is narrowing. He would back away from anything to do with consumers. Also, investors should look out more globally, and away from the US.</span></p> http://www.stockchase.com/opinions/view/147034 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147034 Avigilon 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;">Chart shows a long upward trend line, which was violated last year. It also shows an A, B, C correction. There was a key pivot point at around the $25 level. He has never been a big fan of their business model. Currently below the 200 day moving average, this is not a good sign, and doesn&rsquo;t see much upside.</span></p> http://www.stockchase.com/opinions/view/147035 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147035 Western Forest Products 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;">He is bullish on lumber. Thinks it is just the beginning on US housing starts. The whole group is rallying and it is a good place to be. He sees no problem with this stock.</span></p> http://www.stockchase.com/opinions/view/147036 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147036 Sherritt International 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;">This company has always had headwinds and is underperforming its peers. Chart shows a downward channel, and he would just avoid it and consider it as dead money.</span></p> http://www.stockchase.com/opinions/view/147037 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147037 Concordia Healthcare <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;">Chart shows a long run up with a sort of spiked top. Thinks these types of companies are overcrowded trades. They are driven by promises with great stories. He would just avoid it unless you are a trader.</span></p> http://www.stockchase.com/opinions/view/147038 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147038 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;">His feeling is that money is leaving the safe sector of the consumer, which includes the retail sector. Money is slowly leaving the consumer sector, and his feeling is that this company will go nowhere. 2.6% dividend yield.</span></p> http://www.stockchase.com/opinions/view/147039 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147039 Barrick Gold <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;">Chart shows this has been building a base since 2013. The gold sector, for the 1<sup>st</sup> time in a while, is starting to look interesting. If you are going to buy into the sector, you are probably better off to just buy the basket through an ETF.</span></p> http://www.stockchase.com/opinions/view/147040 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147040 Acadian Timber Corp <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 Nov 11/14. Up 25.54%.)</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;"> Still likes this and the sector it is in. The trend is higher, so it is a good stock for an investor.</span></p> http://www.stockchase.com/opinions/view/147041 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147041 CAE 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 Nov 11/14. Up 6.47%.)</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;"> The stock is fighting to get above its old highs. If it can clear $15.50-$15.70, we have blue sky and it is on its way. This is aerospace, so you key off Honeywell (HON-N) which made a 52 week high last week.</span></p> http://www.stockchase.com/opinions/view/147042 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147042 Lundin Mining Corp. <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 Nov 11/14. Up 4.89%.)</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;"> Chart shows a rising low from 2011, and he thinks there is an inverted head and shoulders pattern in 2014-2015, which is a very bullish sign. There are not many stocks in the sector, so the inventory is low, so it could be subject to takeouts.</span></p> http://www.stockchase.com/opinions/view/147043 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147043 Denison Mines 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;">Basically you have to watch the price of uranium, and it has to go through $40. The bellwether in the sector is Cameco (CCO-T), so you have to watch that. This stock is not going to do anything unless Cameco breaks out to new highs.</span></p> http://www.stockchase.com/opinions/view/147044 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147044 Enerflex Ltd <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;">He is not a big fan of the energy sector. Chart shows the stock had a big down and a trading bounce, but it is down again. This is for traders, not investors.</span></p> http://www.stockchase.com/opinions/view/147045 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147045 Walt Disney <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 is no sign of a top in this. One of a handful of consumer stocks that still wants to go higher. If you are a long-term investor, you stay with it.</span></p> http://www.stockchase.com/opinions/view/147046 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147046 Hudbay Minerals 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;">Copper had a bit of a run and has now pulled back. This stock is definitely outperforming its peers. There are only about 4 of these major stocks that are available, and he would imagine that within a year or 2, at least one is going to disappear.</span></p> http://www.stockchase.com/opinions/view/147047 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147047 Canadian National R.R. <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 a big fan of the rails, and thinks they have some headwinds. There is going to be a lot of regulations going on with the movement of crude. There are maybe 1 or 2 rails that are not selling off, because they are consumer related. This has broken down below the 200 day moving average. If you own, he would take advantage of the recovery that is there now and reduce into it.</span></p> http://www.stockchase.com/opinions/view/147048 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147048 Dollarama 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;">This is a component of the consumer discretionary group. Consumer discretionary has done well. He is worried about the sector, but this one is still an outperform.</span></p> http://www.stockchase.com/opinions/view/147049 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147049 Bank of Nova Scotia <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;">Compared to the financial sector, it has been a relative performer in the 1<sup>st</sup> part of 2014, but slightly underperformed this year. Thinks the banks are going to do okay. He would suggest that you buy a basket through an ETF.</span></p> http://www.stockchase.com/opinions/view/147050 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147050 American Eagle Outfitters <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;">Long-term chart shows a downtrend running from 2012 until early this year. As a group, he does not favour them. Not a fan of any of the retail stocks. This one has been an underperformer when the other retail stocks have been rising. He would tend to avoid the group. If you are in it, be very light.</span></p> http://www.stockchase.com/opinions/view/147051 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147051 Com Dev International Ltd. <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 technology space and thinks this is an overlooked stock. Chart shows the area of resistance at around $4.30 which broke up through this in April. This is a good story.</span></p> http://www.stockchase.com/opinions/view/147052 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147052 BMO Global Infrastructure ETF <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;">He wants to be involved with infrastructure. This one trades fairly well and the trend is upwards. Heavily into energy infrastructure. iShares has a global infrastructure ETF (CIF-T) which is less energy infrastructure weighted if you would like that. They are both performing relatively the same.</span></p> http://www.stockchase.com/opinions/view/147053 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147053 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>Canadian economy.</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;"> We are still going through the process of absorbing gasoline cuts, etc. Doesn&rsquo;t see inflation as being a problem. There is slow growth on both sides of the border and not a lot of inflationary pressure. Thinks Central Banks are more worried about deflation than inflation. Economic growth in Canada is slow because of Alberta. We are lucky if we can get to the 2% level. The US might get to 2.5%-3%, which would help us along as well. People should be cautious on stocks. It is a very segmented market these days. The Canadian market has the financials, commodities (which are split between oil and gas) and minerals. Doesn&rsquo;t think the oil/gas stocks as well as the minerals are going to do that well, and you sort of end up with financials, but they are sort of economy stocks that are depending on those other 2 areas. It&rsquo;s going to be a tough slog for Canada, until we get some stability, particularly in the energy markets. His focus has been on dividend paying stocks with those that would go through any kind of a market. Telephones and pipelines still look reasonable, and the financials are still doing fine. You have to pick your spots carefully. Internationally he is edging up to the 20% mark and still likes the US market.</span></p> http://www.stockchase.com/opinions/view/147054 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147054 Chemtrade Logisitics 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 several accounts that own this, but at &ldquo;client direction&rdquo;. Basically in sulphuric acid. They use acid in steelmaking and those kind of things, so it is very much an economy stock. It has done very well. In an area that he always considers a little higher risk than what he would want to put a lot of money in. He would rather have a bank or a telephone company. Has a nice yield of 5.7%.</span></p> http://www.stockchase.com/opinions/view/147055 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147055 Canadian Western Bank <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;">Very much a local Alberta bank, and is so focused in that area that when you see a slowdown going, you have to look at who they lend the money to. There is a higher risk than with other banks, and the market is reflecting that.</span></p> http://www.stockchase.com/opinions/view/147056 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147056 Alimentation Couche-Tard (B) <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;">In a business where they have shown themselves to be very successful. Have been successful in acquiring more stores, more gas stations. Really good at what they do. With the slow but steady expansion here, and in the US, he thinks there are more opportunities for them. They are going to do all right. Thinks there has been some profit taking here. You could start to buy it here.</span></p> http://www.stockchase.com/opinions/view/147057 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147057 Boardwalk REIT <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;">You have to recognize that this is focused in Alberta. It has been very, very successful. He would be somewhat cautious about anything in the property real estate area. You are already seeing house prices beginning to decline. There may be some rental problems because of migration out of the province.</span></p> http://www.stockchase.com/opinions/view/147058 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147058 A Comment -- General Comments From an Expert <p><strong><span style="color: #ff0000;">REITs.</span> </strong>He is not super enthused about this sector. Feels most of them have got reasonably well priced these days. Not particularly inclined to recommend one. If we do have interest rate increases, it will probably affect them. He is watching this, and may change his mind. <span style="color: #ff0000;"><strong>(See Top Picks.)</strong></span></p> http://www.stockchase.com/opinions/view/147059 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147059 Shaw Communication (B) <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 has never been one of his favourites. He felt the family was always taking too much out of the pot, and it is focused too much perhaps in Western Canada, particularly in BC. Doesn&rsquo;t think it is competitive with the big guys. Doesn&rsquo;t see the kind of forward thinking that is required to survive in that area.</span></p> http://www.stockchase.com/opinions/view/147060 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147060 Suncor Energy 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;">NDP is now the governing party in Alberta, and have never been particularly corporately friendly. However, he thinks there is enough information for the new government to not to make any huge stupid moves. They have already indicated they are not going to do anything for probably 6 months. Thinks all oil company problems are more related to the price of oil, and has become pretty convinced we are not going to see the price of oil much out of the $60 for the foreseeable future. On that basis, profit margins are squeezed, particularly the oil sands. If you want to add to this, he would do it slowly over the next several years, until we really see how this whole pricing mechanism shakes out.</span></p> http://www.stockchase.com/opinions/view/147061 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147061 Valeant Pharmaceuticals <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 little afraid when he sees an 82X PE multiple, and wonders about what they are going to do to justify it. The pharmaceutical area is reasonably tricky. Remember the bigger they get, the higher the earnings. The bigger the bite they have to take, the better they have to do in terms of absorbing a company to catch the earnings flow. It gets tougher and tougher the bigger you get. Has heard them talking about getting a company in Egypt, which gives him more pause to step back. This is a big multiple and the stock it is going to have to do amazing things to justify that. You can buy Apple (AAPL-Q) under 15X multiple, which is a growth stock.</span></p> http://www.stockchase.com/opinions/view/147062 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147062 Hudbay Minerals 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;">1<sup>st</sup> quarter earnings were a minus. This is a metals commodity company. The commodity cycle is so negative at this particular point in time. There is lots of copper and there is lots of gold. You are not going to see this do well until this part of the commodity cycle turns. There is no evidence that this is going to be sometime soon.</span></p> http://www.stockchase.com/opinions/view/147063 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147063 Trans Canada Corp <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 May 28/14. Up 10.46%.)</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;"> A little worried about the long-term prospects. It is still in the process of improving the movement of oil, both south and east, and hopefully they will be able to do more to the west.</span></p> http://www.stockchase.com/opinions/view/147064 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147064 iUnits S&P/TSX Capped Energy ETF <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 May 28/14. Down 25.76%.)</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;"> Sold and took a loss. Very cautious on the pricing in oil.</span></p> http://www.stockchase.com/opinions/view/147065 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147065 BMO Low Volatility Cdn Eqty ETF <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 May 28/14. Up 26.67%.)</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;"> This has been a good holding. Going sideways lately, but still feels this is the kind of stock you want if markets are volatile and are concerned about the downside as much as the upside.</span></p> http://www.stockchase.com/opinions/view/147066 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147066 Norbord 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;">With the slowdown in US housing, this collapsed. It has oriented strand board production facilities in Canada, the US and Europe. He liked the way the company operated, and then the bottom fell out and it has been struggling ever since. The big thing they need is to see a turnaround in new start housing in the US. There have been some very good numbers, so he is tempted. Very well-run company and they produce a good product, but you need a very strong new housing market. He has been waiting for this to happen for months now.</span></p> http://www.stockchase.com/opinions/view/147067 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147067 Goldcorp 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;">Doesn&rsquo;t see himself getting interested in gold stocks, until he sees some significant return to an inflationary environment. Right now we are still working our way through a big drop in energy prices, so he sees inflation as being very subdued, perhaps for the next 6-9 months.</span></p> http://www.stockchase.com/opinions/view/147068 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147068 Bombardier Inc (B) <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 speculative stock. Have a great business in trains, subways and railcars, and have done well and are known throughout the world. The big problem is their airplane. They seem to be working through the C series. If they can get that plane certified and start selling it, this is a great time to be selling that particular type of plane. If it works, it will be fantastic. If it doesn&rsquo;t, there is some talk they may have to sell off the active part of the business. He would be too risk adverse to recommend this.</span></p> http://www.stockchase.com/opinions/view/147069 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147069 Bank of Nova Scotia <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 could be categorized as probably the most conservative Canadian large bank. Have always been extremely cautious. The one problem they might have is that they are not into the financials in terms of new issues, etc. as some of the other banks. This means that with their conservatism, you are not going to get surprised on the upside or downside. The kicker is that their 25% of offshore has a much growthier aspect to it than you are going to get either in the US or Canada.</span></p> http://www.stockchase.com/opinions/view/147070 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147070 Badger Daylighting <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 good company and have done extremely well over the years, however their technology is not patentable. They use water pressure to drill, and it is absolutely fabulous if you are putting in fibre optics, or some tricky areas with gas pipes, etc. The trouble is, everybody else can build the same kind of machines and have been doing that. Have more competition now than they had before. This is going to put a bit of a lid on how fast the company can grow.</span></p> http://www.stockchase.com/opinions/view/147071 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147071 Canadian National R.R. <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>Canadian rails?</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;"> He is neutral on these. A little concerned on this one as it came off because it became expensive. These are economy stocks and are somewhat cyclical. Oil shipments have slowed down, so you may see their earnings going kind of sideways. On that basis, an 18 multiple is probably a little too high, and perhaps should be down around 15. We may have to wait a few more years before another cycle starts. If this company can get some of the ratios in line with Canadian Pacific (CP-T), it would probably have more room to manoeuvre.</span></p> http://www.stockchase.com/opinions/view/147072 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147072 Canadian Pacific Rail <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>Canadian rails?</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;"> He is neutral on these. These are economy stocks and are somewhat cyclical. He is a little concerned that oil shipments have slowed down, so you may see earnings going kind of sideways. On that basis, an 18 multiple is probably too high, and perhaps should be down around15. We may have to wait a few more years before another cycle starts.</span></p> http://www.stockchase.com/opinions/view/147073 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147073 Telus 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;">This would be his 2<sup>nd</sup> choice after Bell Canada (BCE-T). The yield isn&rsquo;t as big. A very smart management. They are doing all the right things. This is the kind of stock you want to have if you are a little bit concerned about volatile markets, which he is. A good stock to put in your portfolio and put it away and clip the dividend.</span></p> http://www.stockchase.com/opinions/view/147074 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147074 Athabaska Oil Sands 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;">Oil sands are the most at risk on future pricing. He has never been a fan of this. You have to be careful getting into a long-term project that takes a long time to bring to market, and if the pricing of the product, at some point, may come under pressure. We are in that spot right now</span></p> http://www.stockchase.com/opinions/view/147075 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147075 Power Financial 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;">For somebody who wants a nice safe dividend and potential for dividend growth, with good diversification in the financial industry (non-bank and less bothered by excess regulation), with US and Canadian investments. Good management. Dividend yield of 4.05%.</span></p> http://www.stockchase.com/opinions/view/147076 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147076 Brookfield Property Partners <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 sort of a REIT type operation, but is multinational. This is commercial and is in all the big places. They have offices, retail and residential. He feels the Brookfield management is a smart bunch of people that have done very well. Have lots of money and have lots of ammunition to go off and do things. Dividend yield of 4.53%.</span></p> http://www.stockchase.com/opinions/view/147077 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147077 BMO Low Volatility US Equity ETF <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;">Hasn&rsquo;t done much recently, and is probably in a Buy range. They hold 25% utilities, 25% consumer staples, 20% healthcare and 12% consumer discretionary, so these are broad-based US companies towards the consumer side. Focused somewhat away from multinationals. Still thinks the US$ will continue to be strong. Good diversification.</span></p> http://www.stockchase.com/opinions/view/147078 Fri, 22 May 2015 00:00:00 -0400 http://www.stockchase.com/opinions/view/147078