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

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Implied Signal Stock Symbol Company Comment Source Program Airdate Airdate Price Opinions $ Goal Expert Program Topic Expert's Bias Own or Relationship Actions
  
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2014-08-27 $0.020

Markets. He uses a number of top-down indicators including short-term and longer-term ones. Right now they are all positioned very favourably. His portfolios are currently on offence, which means they are close to fully invested. Showed a Presidential Cycle Patterns chart, which showed the first 2 years as typically fairly flat as far as returns go. Going into the 3rd and 4th year there were fairly strong numbers. Starting September and going out into April and May of the 3rd year is when it tends to have the strongest performance. This is where we are heading right now. Historically, September is the only month that actually has a long-term negative rate of return. He would not be surprised to see a correction this September.

Bruce Campbell (2) CANADIAN BULLISH _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-08-27 $0.020

Markets. Indicators seem to be overbought, herd mentality is very bullish which is the point at which we should be getting nervous, but when you overlay that with where we are in the seasonal part of the year, this is a defensive time of the year. October is the one for the big splash moves. September is our worst month of the year. There are fundamental things such as the QE ending, Europe possibly in a deflationary situation, and we had a great Q2 GDP, he thinks there are a lot of things that are going to converge over the next month or 2, to see where we are at. To have defensive positions now makes a lot of sense. It is where you place your money once you get a bit more guidance.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-08-27 $0.020

Oil. The critical level is $90, and the crude oil chart shows we are just around there at $93.73. If we break down through that $90, it probably means we go to the mid-$80. The price of oil could fall and yet you could have a really good oil investment run-up, simply based on how it executes and whatever area of the market it is in.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS _N/A View
PAST TOP PICK ABBV-N AbbVie Inc. Market Call Tonight (BNN TV) 2014-08-27 $55.700

(A Top Pick Sept 18/13. Up 20.17%.) Sold his holdings, but is now looking for an opportunity to get back in. Believes biotech and healthcare will be meaningful to society or move markets to change the world the way computers did.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS No View
PAST TOP PICK AC.B-T Air Canada (B) Market Call (BNN TV) 2014-08-27 $8.640

(A Top Pick Oct 16/13. Up 73.35 %.) They continue to drive costs out of their system, but at the same time continue to increase their revenue. As well, they are flying more international routes now which are more profitable for them.

Bruce Campbell (2) CANADIAN BULLISH Yes View
PAST TOP PICK ACQ-T AutoCanada Inc. Market Call (BNN TV) 2014-08-27 $66.800

(A Top Pick Oct 16/13. Up 76%.) He has trimmed his holdings several times, because it has done so well. It has been a little bit of a rocky road in the last 2 months, but they continue to execute on their strategy and it ranks well in his process.

Bruce Campbell (2) CANADIAN BULLISH Yes View
HOLD AGF.B-T AGF Management (B) Market Call (BNN TV) 2014-08-27 $12.500

Feels they are going through a turnaround and putting all the pieces in place. Have a new CIO and hired some new portfolio managers. Past performance was really poor, which hurt them in growing their business. Capital markets are doing fairly well and if they continue to do so companies like this are going to do very well as they continue to scoop up and manage more assets. Thinks the 8.7% dividend yield is very safe. A year or 2 out from now, the stock will have paid you a nice dividend and you will probably have some good capital appreciation as well.

Bruce Campbell (2) CANADIAN BULLISH No View
COMMENT AGF.B-T AGF Management (B) Market Call Tonight (BNN TV) 2014-08-27 $12.500

Chart shows a little bit of resistance at around $12.50. It also shows some lower lows. Stock is above all its moving averages right now, but he likes to get them in the right order with 20 above the 50, and the 50 above the 200. When a stock gets above its 200, you need the others to play catch up. Everything else is positive. Has a really nice dividend of 8.6% attached to it.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Unknown View
PAST TOP PICK ATD.B-T Alimentation Couche-Tard (B) Market Call (BNN TV) 2014-08-27 $32.180

(A Top Pick Oct 16/13. Up 39.45%.) Sold his holdings at around $29. Looking at this from a fundamental standpoint, it is a very strong company and they continue to make acquisitions. Has been in a trading range for a while now and is consolidating, which is healthy for a company. Wouldn’t be surprised if it started to make a bit of a move and that there is a catalyst in the form of another acquisition.

Bruce Campbell (2) CANADIAN BULLISH No View
WATCH AVO-T Avigilon Corp Market Call (BNN TV) 2014-08-27 $18.750

Sold his holdings at around $29. Continues to have great numbers from the revenue side. They set a target of $500 million in revenue in the next 24 months and continue to execute that way. To grow at that fast a rate and to continue to grow as you build, takes a lot more capital. In the last quarter, they spent more money than the street was comfortable with. As a result, their actual earnings number was lower and the stock sold off. Probably in a penalty box to a certain degree. The street wants to see the perfection between growing at a fast rate and producing earnings. Expects they will get to their end points and it is just a matter of how much management has to spend of their revenue to get there. Once they get there, it is going to be a big business and will probably end up getting taken out. If he saw improvement in those earnings, he would probably get back into this.

Bruce Campbell (2) CANADIAN BULLISH No View
PAST TOP PICK BCE-T BCE Inc. Market Call Tonight (BNN TV) 2014-08-27 $48.850

(A Top Pick Sept 18/13. Up 16.25%.) Still likes this. The telco sector has not been loved. It has broken its trend line, but corrections have to happen some way.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Yes View
COMMENT BNS-T Bank of Nova Scotia Market Call Tonight (BNN TV) 2014-08-27 $72.350

Chart shows a little bit of a double top, which is not necessarily terrible. If the stock holds at around $71, it is probably going to visit $67. MACD is getting close to the zero line, so he is getting close to taking some off the table.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Yes View
BUY CPG-T Crescent Point Energy Corp Market Call Tonight (BNN TV) 2014-08-27 $44.830

Looks a little bit top heavy. Chart shows a head and shoulders formation. Downside is rather limited at about $42. Looks like it is in the lower end of the range in a channel. To him, the risk/reward would be pretty good. Likes the space. Decent yield of 6.2%.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Unknown View
BUY on WEAKNESS DHX-T DHX Media Market Call (BNN TV) 2014-08-27 $7.500

Sold his holdings at about $1 ago because of valuation, which is starting to push up into the upper extremes. He would like to see numbers come back in from a valuation point of view. This business is very successful and they continue to just roll up these film and TV show libraries. The next catalyst will probably be that they will just continue to put together those pieces and create more film and TV show libraries put together. Expects they will sell out eventually, but there are probably a lot of small acquisitions in between.

Bruce Campbell (2) CANADIAN BULLISH No View
COMMENT DR-T Medical Facilities Corp. Market Call (BNN TV) 2014-08-27 $17.690

Operates hospitals in the US, and is a pretty sustainable model. Feels the dividend is very safe. He has similar type of exposure with a company that operates in Brazil.

Bruce Campbell (2) CANADIAN BULLISH No View
COMMENT E-T Enterprise Group Market Call (BNN TV) 2014-08-27 $0.840

Right in the middle of where everything is happening in the oil patch and also with the Site C dam project in BC. They continue to make acquisitions and he thinks their underlying business will continue to grow and there will be synergies between their businesses. As they continue to make acquisitions, they continue to need to finance them and will go back to the market for equity. That is when he will participate.  (See Top Picks.)

Bruce Campbell (2) CANADIAN BULLISH No View
BUY EH-T Easyhome Market Call (BNN TV) 2014-08-27 $24.500

This is a top holding in both his Income and Growth portfolios. Stock made a big move up when they came up with a funding package to fund their business over the next 18-24 months. Thinks there is a lot of runway here. Management guided higher once they got their financing. Looking for it to go considerably higher from here. Looking at some of the street analysts’ numbers 2 years out, the stock could be a double. Trading at less than 15X PE. Have a great growth rate of 30% a year, which should continue.

Bruce Campbell (2) CANADIAN BULLISH Yes View
BUY ELW-X Elkwater Resources Ltd Market Call (BNN TV) 2014-08-27 $0.790

This is a recapitalization of an existing oil company. They had very little production and Elkwater did a capital raise where they put about $20 million into the shell. Now they will go out and look for properties to buy. Management team is All-Star all the way across the board. Just announced a Rights Offering where they would be giving out Rights to buy more shares to anyone who held the stock on a specific date. That pushed the stock all the way up to the $1.40 range. Once they had that, there was a lot of selling pressure and the stock settled back down. Expect a lot of news over the next 6 months. This is one that you Buy now and tuck it away for 3-4 years, and you will see multiples of what you invested today.

Bruce Campbell (2) CANADIAN BULLISH Yes View
TOP PICK FTS-T Fortis Inc. Market Call Tonight (BNN TV) 2014-08-27 $33.310

(A Top Pick Sept 18/13. Up 12.23%.) He expects it will come back to the $32.75 range and test a breakout. Really good dividend and an excellent balance sheet. 90% of its business is regulated. He has a $40 target on this one.

$40 Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Yes View
TOP PICK GXI-T Guestlogix Market Call (BNN TV) 2014-08-27 $1.190

In the business basically of payment processing. Have a large market share of most of the North American airlines and globally. Every time you use your credit card to buy something on the airlines, they get a tiny piece. Have had 6 quarters in a row of record revenue. They are starting to see the EBITDA drop to the bottom line and we will start to see earnings drop to the bottom line. Street is getting a little uneasy and wants things to happen a little faster. We are going to see a blowout quarter either this quarter or next; it is just a matter of when. This is going to get a valuation bump.

Bruce Campbell (2) CANADIAN BULLISH Yes View
COMMENT HBC-T Hudson Bay Co. Market Call Tonight (BNN TV) 2014-08-27 $15.250

From a risk/reward standpoint, the chart shows a low at about $15.80. There is a long downtrend from the end of December, but has not gone through the $15.80. Has actually popped up a bit. The higher lows is pretty good, but we are probably going to get a little bit of backlash with a little bit of resistance at $16.40. There are probably better places to be than retail.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Unknown View
WAIT HLF-T High Liner Foods Market Call (BNN TV) 2014-08-27 $21.410

In his process, this ranks in the middle of the pack. They have very strong management, but what he is looking for is a ramp-up in accelerated earnings growth. Doesn’t see this right now. This could be a long-term hold in a portfolio. He would wait for more of a catalyst.

Bruce Campbell (2) CANADIAN BULLISH No View
BUY IEP-Q Icahn Enterprises LP Market Call Tonight (BNN TV) 2014-08-27 $113.440

Had a really big move and has come back a little bit. We are now seeing a little bit of a nascent breakout. Moving averages are all in the right order. This looks like a pretty good investment. Has good support greater run the $105 range. Dividend yield of about 5.3%.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Unknown View
COMMENT INP-X Input Capital Corp Market Call (BNN TV) 2014-08-27 $2.610

These royalty streaming models are becoming more popular. This one is well run with a very interesting model. They continue to produce better numbers, but at the same time they are fairly cashed up from their recent deals. Will probably deploy that over the next few months. We should see higher numbers going into the fall, winter and next year when they bring the crops in.

Bruce Campbell (2) CANADIAN BULLISH No View
COMMENT MG-T Magna Int'l. (A) Market Call (BNN TV) 2014-08-27 $123.520

A very solid company and very well run. Good management. He would be a little bit cautious because there has been such a big ramp up in North American auto sales. This could be getting priced to perfection to some degree. However, the stock has consolidated here for a while, so if those numbers ramp from up from an earnings perspective, the stock is probably ready for another move. Right now he prefers Linamar (LNR-T).

Bruce Campbell (2) CANADIAN BULLISH No View
BUY on WEAKNESS PD-T Precision Drilling Market Call Tonight (BNN TV) 2014-08-27 $13.730

Chart looks like it is trying to form a 2nd shoulder. $13 is a pretty good risk/reward.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS No View
STRONG BUY PHM-X Patient Home Monitoring Market Call (BNN TV) 2014-08-27 $0.400

Had this as a Top Pick on July 30/14. Since then, they have come out with earnings which were fantastic. Not only are they seeing acquisition growth, they are also seeing organic growth with cross-selling between those different strategies. In their conference call they mentioned they had 5 different targets in their sites that they were hoping to execute on. They really have no competition at this point, as they sort of fly under the radar. They are producing earnings right now, which is very rare for a company of their size. Thinks the stock could double from here over the next year.

Bruce Campbell (2) CANADIAN BULLISH Yes View
STRONG BUY PLI-T Prometic Life Sciences Inc. Market Call (BNN TV) 2014-08-27 $1.500

Thinks there is a lot of growth ahead for this company. Their basic business is basically separating proteins and plasmas out of the blood. Looking back at the history, this company probably should have been bankrupt, but it was kept alive because their technology is so good and is embedded in a lot of companies that are in trials right now to have their drugs approved. The upside lottery ticket is that they also have some orphan drugs that they are going to be going into clinical trials for themselves. If one of those was successful, it could do fantastic things to the stock.

Bruce Campbell (2) CANADIAN BULLISH Yes View
TOP PICK PNE-X Pine Cliff Energy Market Call (BNN TV) 2014-08-27 $2.010

This company buys assets that are out of favour. Made a number of inexpensive acquisitions in just the last little while and they have been cash flow positive. Their producing properties have a very low decline rate with strong cash flow. Did two big acquisitions in the last 3 months and their pipeline is busier than ever. Strong balance sheet with a strong cash flow to pay down debt.

Bruce Campbell (2) CANADIAN BULLISH Yes View
TOP PICK PPL-T Pembina Pipeline Corp Market Call Tonight (BNN TV) 2014-08-27 $49.610

Reported earnings recently and beat the average consensus by 10%. It is in the right space of energy infrastructure. A quasi-utility. Expecting distributions to rise through 2015. Have $5 billion in secured growth and another $2 million that is expected. Dividend yield of 3.51%.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Yes View
TOP PICK PRW-T Petrowest Corp Market Call (BNN TV) 2014-08-27 $1.290

This is really in the hub of the whole LNG oil service, and also the Site C dam project in BC. Management has advised that if they have a part of the Site C project, it would double their business. They provide construction services to the oil patch and have the largest fleet of Yellow Iron, large Caterpillar trucks, graders, etc. Pretty much at full capacity right now and have just made a couple of more acquisitions in the last week. Did a capital raise that was in such demand that it was 2X oversubscribed. Q2 results were slightly ahead of expectations and Q3 should blowout the quarter.

Bruce Campbell (2) CANADIAN BULLISH Yes View
COMMENT SAP-T Saputo Inc. Market Call (BNN TV) 2014-08-27 $66.190

Great management. They are a premium brand in North America now, so could end up as a takeover target.

Bruce Campbell (2) CANADIAN BULLISH No View
COMMENT SGY-T Surge Energy Inc Market Call (BNN TV) 2014-08-27 $8.520

This could be a takeover candidate at some time. This is not imminent so he is not looking for it. Expects they will continue to grow out their production and when they get to a certain size, that’s when they will sell. He is seeing a ton of insider buying on this, so even at current prices management continues to Buy. That’s always a good sign.

Bruce Campbell (2) CANADIAN BULLISH Unknown View
COMMENT SIO-X Sensio Technologies Inc. Market Call (BNN TV) 2014-08-27 $0.260

Loves this one and thinks there is a tremendous amount of growth ahead. The latest news was that they signed this agreement with LG, one of the largest TV manufacturers globally. Haven’t seen the rollout yet, but expect it will occur this fall. LG is going to be marketing their 3-D TVs, specifically using the 3-D Go app that Sensio will provide. Around Christmas, you are going to see a lot of promotion by LG and it will be specifically around Sensio. This will drive numbers and app users and will really start to drive the uplift in their revenue. They also have a deal with Wi-Lan (WIN-T) who will do their patent protection, so wouldn’t be surprised to start to see some revenues from the patent side in the next 2 or 3 quarters.

Bruce Campbell (2) CANADIAN BULLISH Unknown View
WAIT SU-T Suncor Energy Inc Market Call Tonight (BNN TV) 2014-08-27 $44.190

Has sold all of his energy holdings. Energy has 2 seasons. The 1st run ends in May followed by a 2nd run starting in late July. His holdings ran right through the weak period and he started to reduce in early July. He is now currently looking as to when to get back into the energy sector. Thinks there will be an opportunity between now and late September.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS No View
HOLD SVY-T Savanna Energy Services Market Call (BNN TV) 2014-08-27 $7.950

Doesn’t follow this one super close. There is so much activity in the North American energy sector that probably a rising tide is going to lift all boats. He likes a number of names in this sector. 4.5% dividend yield.

Bruce Campbell (2) CANADIAN BULLISH No View
HOLD TD-T Toronto Dominion Market Call Tonight (BNN TV) 2014-08-27 $57.820

Reporting tomorrow. Chart shows a nice little trendline, and the moving averages are all in the right order. MACD is a little bit high, but in the past, it hasn’t led to anything significant.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Yes View
HOLD TOU-T Tourmaline Oil Corp Market Call (BNN TV) 2014-08-27 $54.490

You cannot argue at all with what Mike Rose has done. They continue to do fantastic things. He is a serial entrepreneur in this space and will probably continue to do it. Thinks it goes higher and eventually gets taken out.

Bruce Campbell (2) CANADIAN BULLISH No View
COMMENT VRX-T Valeant Pharmaceuticals Market Call (BNN TV) 2014-08-27 $126.700

The outlook on this is very murky. Their underlying business is fantastic. The potential merger with Allergan (AGN-N) has so many crosscurrents with the trading going on, it is really hard to get a handle on where the stock goes in the short term. If there is some finalization with this, he will probably look at investing in it again.

Bruce Campbell (2) CANADIAN BULLISH No View
TOP PICK XGD-T iShares S&P/TSX Global Gold Market Call Tonight (BNN TV) 2014-08-27 $12.300

When you are concerned about the big differences between the best people that can execute or a wildcard coming out of the blue, you’re better off buying a basket. Chart is showing higher lows. Chart indicates that there could be a little bit of downside. Looking for a bit of resistance above $13.40, but if it gets above that, he would be inclined to add to that significantly.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Yes View
DON'T BUY YHOO-Q Yahoo! Market Call Tonight (BNN TV) 2014-08-27 $38.180

Chart shows a long basing pattern followed by a slow rising trend. There is a little bit of resistance around $40. Until it breaks over $40 or down through the lower trendline of about $33, you are in no man’s land. Indicators are not necessarily telling us that we should be grabbing this one.

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Unknown View
COMMENT YRI-T Yamana Gold Inc. Market Call Tonight (BNN TV) 2014-08-27 $9.010

We are in a strong seasonality part of the year for gold. It peaks in October. Thinks the risk/reward is really good. Stock had a bottom in May-June, followed by a nice uptrend. Was bumping into the 200 day back in August. It is now hugging the 50 day. Relative strength is right in the middle of the band and the MACD is just turning down, but close to the zero line. If it breaks that zero line, you get a bit of fall through and he would say the gold thesis is over. Risk/reward for gold is really good. (See Top Picks.)

Hap (Robert) Sneddon FCSI TECHNICAL ANALYSIS CAUTIOUS Unknown View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2014-08-26 $0.020

Contrarian Investing. Seasonality is very important to him. He does most of his buying in November and December during tax loss season. From March through to that point, it is very rarely that he Buys stocks. In November and December, it is very rare that he sells winners, because he wants to defer taxes. He is also looking at individual stocks and what they do over the course of a year. A lot of stocks have cycles, which can help with buying and selling. It’s an interesting time of the year because he used to call more CEOs and CFOs in August, and found a lot of them were away from their desks, often for a number of weeks. He now answers his calls and emails, but is not at his desk quite as often at this time of the year.

Benj Gallander CONTRARIAN INVESTING UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2014-08-26 $0.020

Medical marijuana? This is a tremendous growth industry and has gathered a lot of momentum. It wouldn’t surprise him to see some companies in the gold sphere, become medical marijuana companies. If they do, he would be very wary of those companies. People who constantly change sectors, often don’t know about the other sector and are just chasing the money, usually for themselves.

Benj Gallander CONTRARIAN INVESTING UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-08-26 $0.020

Markets. In this environment, it would be prudent to engage in some profit taking. We have had several years now of market gains. You never really make money in the stock market, until you actually sell it. In some cases, where he really likes and admires a company, and thinks it could continue to do well, he is just taking partial positions off. It is getting more and more difficult to find stocks that you consider to be outstanding value for the long term. He is trimming more in respect to weightings. Tries to run fairly concentrated portfolios, and typically has anywhere between 20 and 30 equity positions at any point in time. An average weighting for him would be 5%-6% depending on the risk profile of each portfolio.

Michael Sprung CANADIAN LARGE CAUTIOUS _N/A View
BUY AD-T Alaris Royalty Market Call Tonight (BNN TV) 2014-08-26 $33.290

Thinks management is executing their formula in an extremely efficient manner. They act like a private equity firm, without really being private equity. They tend to buy into private businesses that are well run and have good long-term track records. Where management wants to keep control of their business, they will construct a preferred instrument that will return to them and participate in growth in the company, but won’t convert into real equity if things really go off the rails. Have been expanding more and more into the US. Thinks they have a great future. He wouldn’t be surprised if many people try to copy this formula. Yield of 4.5%.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
PAST TOP PICK AGU-T Agrium Market Call Tonight (BNN TV) 2014-08-26 $103.370

(A Top Pick Sept 4/13. Up 19.88%.) Still likes this. He is generally a buyer of this when it is under $100. Likes its wholesale and retail diversification within the agriculture industry. Well-managed and geographically diversified.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
TOP PICK AJX-T AgJunction Inc Market Call (BNN TV) 2014-08-26 $0.730

(A Top Pick Aug 12/13. Down 27.27%.) Not dealing well with the slowdown in the agricultural sector. Revenues went down to 37% over the past year. New management has been very transparent. His Initial Sell Target is $3.49. Even with the drop in revenues, they only lost about $600,000 because they cut a lot of workers from about 270 to 170. They are very, very diligent on expenses.

Benj Gallander CONTRARIAN INVESTING UNKNOWN Yes View
COMMENT APT-A Alpha Pro Tech Market Call (BNN TV) 2014-08-26 $2.730

This is in 2 fields. One is building supplies, which is doing fairly well in the US. They also do protective gear in the health sector field.At the time of H1N1 and SARS, this stock skyrocketed. The company has zero debt and money in the bank. A few years ago they had about 23 million shares outstanding and are now down to 18 million. They could double or triple from this level.

Benj Gallander CONTRARIAN INVESTING UNKNOWN Unknown View
DON'T BUY ATD.B-T Alimentation Couche-Tard (B) Market Call Tonight (BNN TV) 2014-08-26 $31.870

This has been an amazing story. Well run. They’ve expanded their footprint in North America and there is talk of them expanding in Europe. Like a lot of growth stories, you are paying for a lot of growth in the stock. As long as they can continue to execute the way they have, and the economy holds up, it will continue to do all right, but thinks we have seen a lot of the capital appreciation already built-in to its price.

Michael Sprung CANADIAN LARGE CAUTIOUS Unknown View
HOLD BB-T BlackBerry Market Call (BNN TV) 2014-08-26 $11.010

The key in this case is the horse and the jockey. He likes John Cheng, who has a good track record. This is going to be a long haul. There are very few companies that have more noise about them. His Initial Sell Target price is close to $18. If they start to really turn around, he can see the company going far further than $18. They still have lots of difficulties. Management have announced the end of layoffs and are now looking at potentially hiring. That is a major curve in the cycle for him, so he is happy to hold it. When a company like this turns, it can turn fast and can really rocket.

Benj Gallander CONTRARIAN INVESTING UNKNOWN Yes View
COMMENT BBD.B-T Bombardier Inc (B) Market Call (BNN TV) 2014-08-26 $3.810

Sold his holdings. Decided to get out because of the C Series. Delays plus the debt load had him scared. Have overpromised and underdelivered on the C series. He questions whether they will get it up as they say they will. They are a leader in aviation trains. Expects they will have tremendous support from the Canadian government going forward.

Benj Gallander CONTRARIAN INVESTING UNKNOWN No View
COMMENT BMO-T Bank of Montreal Market Call Tonight (BNN TV) 2014-08-26 $82.160

Has always had a high yield compared to the rest of the group.

Michael Sprung CANADIAN LARGE CAUTIOUS No View
HOLD BNS-T Bank of Nova Scotia Market Call Tonight (BNN TV) 2014-08-26 $72.450

This is one of his larger bank holdings. The one reason to hold this is because of its international diversification. There may be worries about some pockets in South America, but they are also in some very good areas. He was not disappointed with their earnings. Trading at about 2X BV. 3.6% dividend yield. Not a bad place to be.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
HOLD BXE-T Bellatrix Exploration Ltd. Market Call (BNN TV) 2014-08-26 $8.470

Sold half his position after a double. An activist investor wanted to see changes in the company as they were not happy with how things were going. However, to him the management has done a tremendous job since they came in. The stock price has moved up quite a bit. The company was having an awful lot of difficulties before that. There are good activist investors, and there are some that he highly questions. In almost every case when an activist comes in, the stock price goes up, as happened in this case. Can see this going to double digits.

Benj Gallander CONTRARIAN INVESTING UNKNOWN Yes View
PAST TOP PICK CASH CASH Market Call (BNN TV) 2014-08-26 $0.010

(A Top Pick Aug 12/13.) He has a tremendous amount of cash on the sidelines, as opportunities present themselves. Would love to deploy more of the cash as he is not getting much return on it.

Benj Gallander CONTRARIAN INVESTING UNKNOWN Yes View
PAST TOP PICK CM-T Canadian Imperial Bank of Commerce Market Call Tonight (BNN TV) 2014-08-26 $104.760

(A Top Pick Sept 4/13. Up 33.46%.) Hasn’t reduced his holdings yet, but is certainly looking at it. When he bought it, it was the bank with the strongest capital position and the highest ROE, selling at a significant discount to the others. It is no longer such a bargain as it is trading at 2.5X. Yield is still fairly strong. Not as compelling a story as it once was. 3.8% dividend yield.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
SELL CP-T Canadian Pacific Rail Market Call Tonight (BNN TV) 2014-08-26 $219.000

Bailed out of the railroad stocks quite a while ago. This has risen on the basis of coming out of an operating ratio in the 70s, and is now down to the mid-60s. Comparing it to the much larger and more established Canadian National (CNR-T), you are paying much higher multiples for one that is being fixed, rather than the one that has worked all along.

Michael Sprung CANADIAN LARGE CAUTIOUS No View
TOP PICK CSE-T Capstone Infrastructure Market Call (BNN TV) 2014-08-26 $4.440

Bought this because he thought they would come to an agreement with the Ontario power Authority for their Cardinal cogeneration plant. They got a 20 year agreement, but he still doesn’t know how good it is. It is going to hinder their cash flow. Payout ratio is about 60%, and because of the cash flow drop, it could go over 100%. Increasing things in their Bristol water plant in the UK which is developing well. Management is becoming smarter over time. There are companies being taken over in this field right now and infrastructure is reasonably hot. Initial Sell Target is $8.74. Dividend yield of 6.77%.

Benj Gallander CONTRARIAN INVESTING UNKNOWN Yes View
DON'T BUY CTC.A-T Canadian Tire Corporation Ltd. (A) Market Call Tonight (BNN TV) 2014-08-26 $112.540

Can you see non-voting shares combining with the voting shares? People have talked for years about this company’s various class of shares disappearing or merging. He doesn’t see this happening in the near future. This was a battle that was fought in the 1980s. The company has done a remarkable job at surfacing value over the last while, particularly in the recent quarter where we just came out of a seasonally bad winter. Once that was over, there was a surge in demand. So far, they have been pretty adept at positioning itself within the Canadian merchandising market. Finds it a little bit expensive here. Earnings are forecast to go from around $7 to about $7.50. Doesn’t think there is a lot of value right now.

Michael Sprung CANADIAN LARGE CAUTIOUS No View
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