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

Table View - Opinions in Detail

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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) 2015-03-03 $0.020

Energy. This downturn is not because of the supply side with US shale oil growth, which has always been there, but it was the 2nd half constant revision on the demand side, because of issues around China slowing and Europe not getting back into normalized growth. Thinks the worst is over. There has been a good move in January. If we see a normalized recovery, something closer to $65, he thinks there is still 20%-30% upside in the equities themselves.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-03-03 $0.020

Gold. We are a couple of years into this gut wrenching process of becoming more efficient, both in terms of capital and operating costs. This is an industry that was very inefficient with its capital in a very generous market with its equity availability for a number of years. There were some very inefficient acquisitions, and projects were not necessarily run as efficiently as they should have been. With prices now at $1100-$1500 an ounce, you start to see companies really focusing on the bottom line, because the margins just aren’t there. There has been a bit of improvement, but you have to be very specific on how you look at how cost reductions have come about. Are they really improving their operations or are they doing simple things like cutting out exploration, reducing headcount, or deferring sustaining capital spending?

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-03-03 $0.020

Mining. There is a sense of capitulation. Thinks executives have accepted the situation they are in, and believe this is something for the long term and have to focus on becoming more efficient with their capital and reducing costs for the long-term. Also, becoming smarter with any M&A activity. Getting smaller is not a negative thing in this market, and the seniors are more amenable to reducing their size.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-03-03 $0.020

Junior mining companies? We have seen some M&A activity over the last several months. The process has started to see some of the higher-quality projects, which are a bit stranded, find a home in a bigger entity that is better financed and has better availability of capital with lower costs. He expects this process will continue slowly. One CEO has said that there are probably only around 100 real financeable undeveloped projects in the market right now. That will mean very concentrated capital flows.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-03-03 $0.020

REITs. There have been great returns this year. Coming into the year, Canadian REITs had underperformed all other global real estate sectors, especially the US. A lot of investors started to notice so, especially with the changing currency, decided this might be a good time to invest in real estate. Investors always like real estate in Canada as a source of stable income. People coming into the sector are going to gravitate towards the larger more liquid REITs. However, he has also noticed that some of the smaller ones were really being neglected, and there is some quality real estate among some of those names. The sectors that are getting a lot of the attention right now starting with retail are those with Hudson Bay, Target. In these, you want to be in the highest quality malls. On the other hand, you can go for a grocery anchored strip centre of needs based retail. Also, likes industrial, which had a weak year last year. He is underweight Office due to construction. Sometime this year you want to be buying into Alberta.

Derek Warren REIT's UNKNOWN _N/A View
COMMENT AAR.UN-T Pure Industrial Real Estatetrust Trust Market Call Tonight (BNN TV) 2015-03-03 $5.110

One of his favourites. Last year didn’t do so well, but year-to-date has done very, very well. Industrial markets are fine. They are in very good condition even in Calgary and Edmonton, but the other dynamic is that they are right on the border of whether they can go into the TSX or not. That would create a lot of volume and a lot of interest in the stock.

Derek Warren REIT's UNKNOWN Unknown View
COMMENT ABX-T Barrick Gold Market Call (BNN TV) 2015-03-03 $15.610

One of his concerns is that there is a lack of growth. Even in a poor market like this, there are still opportunities for companies adding production and cash flow and earnings-per-share. They are in the process of shrinking a bit, looking at asset sales and trying to fix the balance sheet. He prefers Agnico-Eagle (AEM-T) and Goldcorp (G-T).

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY No View
COMMENT ACR.UN-T Agellan Commercial REIT Market Call Tonight (BNN TV) 2015-03-03 $9.620

They do not have a buy and hold strategy, so you have to get comfortable that management will aggressively be churning the portfolio. Have recently expressed interest in selling their Canadian assets to put the money to work in the US. If there is a drag from selling to deploying, then the dividend is a little bit strained, but at this point the dividend is fully covered. He is watching this one from the sidelines.

Derek Warren REIT's UNKNOWN No View
COMMENT ATH-T Athabaska Oil Sands Corp Market Call (BNN TV) 2015-03-03 $2.170

This is one of those companies that really got squeezed by the commodity fall. Unfortunately gas prices have worked against them in the Duvernay, where they are still in the process of improving cost efficiencies to make it truly economic and generate rates of returns that should be north of 25%-30%. Their other major asset, which is just steaming up and wrapping up, is their Hangingstone heavy oil project. The 2 things that you probably don’t want to own in a $50 oil and $2.50 gas environment, is an early stage, capital intensive gas project and a heavy oil project.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY Unknown View
COMMENT AX.UN-T Artis Real Estate Investment Trust Market Call Tonight (BNN TV) 2015-03-03 $15.330

This is something he has been spending a little bit more time on. Has been tarred with the Calgary brush. It has a large Calgary exposure with a lot of it in the suburban office or beltline office. There is a question that with the oil decline, how much this is going to affect Calgary. However, he is seeing the US portfolio is performing very well, and the stock is cheap. If you have a long-term view, you can get in now, otherwise you may hold off a bit.

Derek Warren REIT's UNKNOWN Yes View
BUY on WEAKNESS BAM.A-T Brookfield Asset Management (A) Market Call Tonight (BNN TV) 2015-03-03 $67.610

Although it has gone up very far and very fast, it is in line with what US REITs have done in Cdn$’s. Not cheap and is getting expensive. Feels it is fairly valued. At some time, in the next few months, there will be a pullback and that would be the time to jump in.

Derek Warren REIT's UNKNOWN Yes View
TOP PICK BEI.UN-T Boardwalk REIT Market Call Tonight (BNN TV) 2015-03-03 $58.700

The 10 year average return on this was 17% annualized. Because of its exposure to the oil markets, it has come off and rightly so. However, this is one to watch. As oil weakness reaches a peak, there is an opportunity to buy into the real estate at a discount valuation. Try to get it at around $55-$58 or under $60. Yield of 3.48%.

Derek Warren REIT's UNKNOWN Yes View
COMMENT BPE-X BrightPath Early Learning Market Call Tonight (BNN TV) 2015-03-03 $0.320

A microcap company and a consolidator of day cares. This stock has not done well, however he thinks that most of the changes they needed to do have been done and are looking for efficiencies going forward. At some point he thinks it will be worth $.40-$.50, but it will take some patience to go there. This is a long shot and is probably a bit niche for individual investors.

Derek Warren REIT's UNKNOWN Unknown View
PAST TOP PICK BPY.UN-T Brookfield Property Partners Market Call Tonight (BNN TV) 2015-03-03 $30.600

(A Top Pick April 29/14. Up 51.1%.) Their downtown Manhattan assets started to really lease up. This is a core area where people want to work and live, so it has attracted a lot of attention.

Derek Warren REIT's UNKNOWN Yes View
COMMENT BSX-T Belo Sun Mining Market Call (BNN TV) 2015-03-03 $0.215

This has gone through a lot of turmoil. Brazil has created some unique problems. It seems to be a really difficult country. For this company there is a lot of concern on permitting on federal levels and environmental approval. A great resource with a high grade open pit, so he likes the optics of the project, but they’ve been saddled by jurisdiction and uncertainty about ultimate permitting that has weighed down on the price.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY Unknown View
COMMENT BTB.UN-T BTB Real Estate Investment Trust Market Call Tonight (BNN TV) 2015-03-03 $4.890

This is a levered play to the Québec economy. Quite well-run. Management understands the market and the players. This is a stock with a high payout and quite high debt.

Derek Warren REIT's UNKNOWN Unknown View
COMMENT CAR.UN-T Canadian Apartment Properties Market Call Tonight (BNN TV) 2015-03-03 $28.360

Just did a new issue and are paying off their $35 million credit line, with the rest going to future acquisitions. Excellent company. Knocked the ball out of the park on their last earnings with a very strong same store growth. Thinks the Canadian apartment market is a very good place to be. If you are in for a long term hold, this is a good time to get in.

Derek Warren REIT's UNKNOWN Unknown View
TOP PICK CJ-T Cardinal Energy Ltd Market Call (BNN TV) 2015-03-03 $14.620

One of those premier, smaller dividend payers producing around 11,000-12,000 BOE’s a day of medium gravity oil. Very cost-efficient and very efficient in general with their capital. Good margins. About 35% hedged, so they can withstand this downturn into 2016. A good defensive name to own. A little bit pricier compared to its peer group, but that is because of its low cost of capital, high-quality of assets and the ability to generate good margins. Dividend yield of about 6%.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY Yes View
HOLD CPG-T Crescent Point Energy Corp Market Call (BNN TV) 2015-03-03 $30.490

One of the granddaddies of the energy sector paying dividends. A core holding for him in any of his income portfolios. In a good position to be opportunistic in this market. There is a lot of talk of them spinning out assets, may be into a merger with a more troubled oil producer, to create a more growth oriented company.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY Yes View
COMMENT CRR.UN-T Crombie Real Estate Investment Trust Market Call Tonight (BNN TV) 2015-03-03 $13.790

A very interesting time for this company. Have not done much since they bought the Safeway portfolio. During that time, similar REITs have done quite well, so he thinks the market has been a little bit harsh on this one, and this is a time to be looking at it.

Derek Warren REIT's UNKNOWN Unknown View
PAST TOP PICK CSH.UN-T Chartwell Seniors Housing Market Call Tonight (BNN TV) 2015-03-03 $12.460

(A Top Pick April 29/14. Up 24.7%.) A core holding in any portfolio. The demographics that are with the seniors housing’s trend are very strong. Companies like this are specialists in providing this kind of care. Because of this, their portfolio continues to attract a lot of interest from the user base, but is also attracting a lot of interest from the Americans. They have been coming up into Canada and spending significant amounts of money on our seniors housing buildings. This could be a possible take out in the future.

Derek Warren REIT's UNKNOWN Yes View
COMMENT CUF.UN-T Cominar Real Estate Inv Tr Market Call Tonight (BNN TV) 2015-03-03 $19.680

Did a large equity issue which helped clear up a little bit of the debt issue. Thinks they will have to do one more equity issue to get that down to where they would really like it. Recently announced some large developments in Québec City. Yield is safe, so if you are happy with a 7% yield, this is a good place to be.

Derek Warren REIT's UNKNOWN Unknown View
TOP PICK CWT.UN-T Calloway REIT Market Call Tonight (BNN TV) 2015-03-03 $30.400

Very stable retail name. Wal-Mart (WMT-N) is their largest tenant which continues to expand giving them some expansion growth. This REIT was trading at significant discount to its peers. 99% occupied. Have some very significant developments happening in Vaughn, Ont. which offers some very interesting opportunities. It has pulled back so it is a nice opportunity to get into it. Dividend yield of 5.27%.

Derek Warren REIT's UNKNOWN Yes View
HOLD D.UN-T Dream Office REIT Market Call Tonight (BNN TV) 2015-03-03 $27.330

Has a lot of Toronto, Calgary and Edmonton office exposure, and for that reason the stock has not done that well. He thinks the worse has probably been seen when it comes to this company. While there still is a big supply, he thinks they are doing a very good job of maintaining the stability of their properties, creating a positive leasing environment. Although he doesn’t see a lot of growth to the upside, your yield is very safe and you will see slow growth from now on.

Derek Warren REIT's UNKNOWN No View
WAIT DGC-T Detour Gold Market Call (BNN TV) 2015-03-03 $11.400

A lot of people have compared this to Osisko with large open pit low-grade deposit, a lot of moving of material throughput and mill availability being crucial to the costs, as to whether you are going to be making money or not. Osisko’s Malartic went through an extended ramp up period, which wasn’t easy and is still going through major improvements. He thinks Detour Gold is going through the same process. Their balance sheet can withstand a little bit of a delay in terms of going into free cash flow mode. He is looking for another few quarters of throughput improvement. With steady progress and costs continuing to fall off, it will be a great free cash flow generator.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY No View
BUY on WEAKNESS G-T Goldcorp Inc Market Call (BNN TV) 2015-03-03 $26.080

One of the lower cost producers which will progressively get lower. Just did an acquisition of Probe mine, which leverages off existing infrastructure, so that they don’t have to build a mill. Have 2 mines ramping up that are meaningful and should take the company from about 2.8 million ounces to about 3.4 million ounces by 2016. Likes the cost structure of the company, and thinks it becomes even a little more efficient. Waiting for a better entry point. Any potential problem with ramp ups could provide a better entry point. This is one that he would own for the long-term.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY No View
COMMENT HBM-T Hudbay Minerals Inc. Market Call (BNN TV) 2015-03-03 $10.010

This is all about Constancia, their copper project in Peru. It is going to add very meaningfully to their copper production growth over the next 2-3 years. Together with Lalor in Manitoba, we should see copper production triple by 2017. The CapX phase is done. Now, as it goes through this very sensitive start-up period in 2015, the other side of the rainbow is if they can do it smoothly enough. Free cash flow at the end of the rainbow is the scenario. He sees good free cash flow going into 2016. In this kind of market that is very crucial.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY Yes View
COMMENT HR.UN-T H&R Real Estate Inv Trust Market Call Tonight (BNN TV) 2015-03-03 $23.850

The main reason for the large amount of trading volume recently is because this is the 2nd largest REIT. There are fund flows coming from other countries into REITs. Earnings were very solid. Have moved into garden style apartments in Texas, a completely new sector for them. He thinks that would have been better left to the experts.

Derek Warren REIT's UNKNOWN Yes View
DON'T BUY INN.UN-T InnVest Reit Market Call Tonight (BNN TV) 2015-03-03 $5.910

Expensive at the current price. You are seeing more insider buying in that there is a bit of feeling that with the weak Cdn$ there will start to be a large flow of US tourists coming back into Canada to spend their big dollars. It may be a little bit early for that call. Also, the leverage is a bit too high.

Derek Warren REIT's UNKNOWN Unknown View
TOP PICK KEL-T Kelt Exploration Market Call (BNN TV) 2015-03-03 $8.220

Purchased their 50% partner Artek Exploration. Originally targeting a Doig play in Northeast BC, but the last couple of wells were Montney, and really liked what they had done with the wells and some of the economics. Feel they can improve this further and make it one of their better plays. One of his favourite names. Good management team. They are making sure the balance sheet is clean in order to make more M&A activity.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY Yes View
DON'T BUY LRE-T Long Run Exploration Market Call (BNN TV) 2015-03-03 $1.050

Cut their dividends to zero and trading at a deep discount. Highly leveraged. They were in the process of trying to improve their efficiencies, but unfortunately got caught up in the oil correction. Not a preferred name for him. He would focus on companies with good balance sheets, who cannot only focus on their existing asset base, but take advantage of possible asset acquisitions.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY No View
TOP PICK LSG-T Lake Shore Gold Market Call (BNN TV) 2015-03-03 $1.120

He would rather own a shorter mine life company that actually makes plenty of free cash flow in today’s gold environment, rather than looking at gold companies with a 10-12 year mine life, but struggling to make money. This has a 5-year mine life. Have kick started their exploration program in the Timmins area, to try and replenish what they are producing, and ideally add 2-4 years to their mine life. Right now their cash “all in” costs are just under $1000 an ounce, and they should be able to generate $50-$60 million of cash flow.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY Yes View
COMMENT MR.UN-T Melcor REIT Market Call Tonight (BNN TV) 2015-03-03 $8.410

This has a stigma of being related to the Edmonton market. A blue-collar town with a lot of offices being built, so there is going to be downward pressure on rents going forward. This really comes down to making a call on oil.

Derek Warren REIT's UNKNOWN No View
COMMENT MST.UN-T Milestone Apartment REIT Market Call Tonight (BNN TV) 2015-03-03 $13.770

Apartments are the safest REITs in real estate generally. This one has done quite well, so it is possible that there could be a bit of a pullback in the sector. However, this is not Canadian real estate, it is US real estate and mostly in the Sunbelt of the US. Some of the US REITs in the apartment sector have been selling off recently, especially those with Houston exposure. This is a fine company.

Derek Warren REIT's UNKNOWN No View
COMMENT NGD-T New Gold Inc. Market Call (BNN TV) 2015-03-03 $4.600

Have access to high-quality deals, because of the quality of the board and management team. He is struggling to see the new leg of growth. Their Blackwater or Rainy River projects probably made more sense in a higher gold price environment. Rainy River probably has a better chance of eventually coming into a play that they can actually finance. Wouldn’t be surprised if there might be some acquisitions to fill the gap for 2016, and use some of that cost of capital they have, to make that acquisition.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY No View
COMMENT NPR.UN-T Northern Property REIT Market Call Tonight (BNN TV) 2015-03-03 $25.550

This is very specifically focused on the commodities market. Has a larger than average exposure to Fort Murray, and other areas of northern Canada which are gas related. They are being beat up because of that. Balance sheet is in very good condition. At some point it begins to look so cheap that you have to be interested in it again. Some time this year, he thinks this might be a very interesting name that he will want to buy into.

Derek Warren REIT's UNKNOWN No View
PAST TOP PICK NSU-T Nevsun Resources Market Call (BNN TV) 2015-03-03 $4.330

(A Top Pick Jan 30/14. Up 9.13%.) In Eritrea Africa, so not the most desirable area to operate given the geopolitical climate, which has been relatively stable, but not a democracy. Loves the cash position. A company that is a cash flow generator. Had transitioned from gold into copper. Next year, with the zinc circuit coming on, it will start to become a zinc producer primarily, just in time for a recovery in zinc prices. However, they are going to have to do an M&A deal for the next leg of growth.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY Yes View
COMMENT NWH.UN-T Northwest Healthcare Property REIT Market Call Tonight (BNN TV) 2015-03-03 $9.940

Doctors’ and dentists’ offices. Have some very nice buildings near hospitals. However, some of their assets such as testing etc. are not the highest quality, but are very stable assets. This stock has had trouble operationally. It has never really met its occupancy and rent growth targets. Until they do, he is not going to be there.

Derek Warren REIT's UNKNOWN No View
PAST TOP PICK P-T Primero Mining Corp Market Call (BNN TV) 2015-03-03 $4.220

(A Top Pick Jan 30/14. Down 32.58%.) Chose this on the basis that it had a nice stable mine in Mexico, sub-$1,000 all-in costs, good free cash flow generator and did an acquisition in Ontario. Was under capitalized and is going to take a little longer with possibly a little more capital than was initially expected. He is looking for an entry point on this, and for a couple of more quarters of no surprises.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY No View
COMMENT REI.UN-T RioCan Real Estate Investment Market Call Tonight (BNN TV) 2015-03-03 $29.040

Great company. Have a lot of Target exposure, so there are a lot of questions as to what is going to happen to the Target stores. This is a large entity that is able to properly manage and get control of some of their properties. It is only 3% of their square footage and 1.9% of their total revenues. Over time this will create opportunities to upscale their portfolio.

Derek Warren REIT's UNKNOWN Unknown View
TOP PICK RUF.U-X Pure Multi-Family REIT LP Market Call Tonight (BNN TV) 2015-03-03 $4.790

(A Top Pick April 29/14. Up it .72%.) US$ holdings, so is actually up 22% because as a Canadian investor he receives the benefit of the currency exchange. These are Dallas (not Houston) Texas apartments. He has a target of $5.50. Yield of 7.83%.

$5.50 Derek Warren REIT's UNKNOWN Yes View
COMMENT S-T Sherritt International Corp. Market Call (BNN TV) 2015-03-03 $2.390

One of the big issues around nickel as a commodity is the export ban in Indonesia. They would like to have smelters built within the country for more value added revenue, rather than just exporting raw material. This has provided a bit of a support mechanism for nickel. This company is a very unique way to play the nickel side of the market. They sold their thermal coal royalty business, so really putting themselves in a more leveraged nickel business. Their Ambatovy mine in Madagascar is still in the ramp up stage, so there is still the sensitivity in ramp up risks. He sees good progress. With a couple more quarters of ramp up progress, with no negative surprises, this is something he might look at in the 4th quarter going into a stronger market in 2016.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY No View
BUY SMU.UN-T Summit Real Estate Investment Market Call Tonight (BNN TV) 2015-03-03 $29.960

Because this is a bit small as an industrial, he does not invest in this REIT. He thinks there will be good solid growth this year in the industrial market, especially in the GTA. This one has low Alberta exposure and more GTA exposure. A good place to be. He is starting to see rent growth in this market. Thinks their dividend is very safe.

Derek Warren REIT's UNKNOWN No View
COMMENT SPE-T Spartan Energy Corp Market Call (BNN TV) 2015-03-03 $2.930

A growth oriented oil producer. A name that he has been in and out of. Has an impeccable track record with some value creation since it was started. Management has done a good job of creating high margins, a strong balance sheet and an opportunistic company. Thinks they are in the driver seat of looking at opportunities, so he likes the name because of that.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY Yes View
COMMENT TN.UN-T True North Apartment REIT Market Call Tonight (BNN TV) 2015-03-03 $8.380

An apartment REIT. Not one of his favourites because of the market cap size and the amount of debt it has. It does have quite a good portfolio and he likes management’s reputation on that level. Feels there is a bit more value in others. Yield of about 8%.

Derek Warren REIT's UNKNOWN No View
COMMENT TPH-T Temple Hotels Market Call Tonight (BNN TV) 2015-03-03 $2.700

Has been a disappointment to investors. It shows what can happen in the hotel industry when you use too much debt. The hotel industry is very cyclical, especially when you start buying hotels up in Canada’s northern region. He feels there is very little equity left in the company, and he is not a fan of it.

Derek Warren REIT's UNKNOWN No View
PAST TOP PICK TV-T Trevali Mining Corp Market Call (BNN TV) 2015-03-03 $1.160

(A Top Pick Jan 30/14. Up 13.59%.) Zinc producer with silver credits. Its initial mine is in Peru, which has ramped up well. Next project is the Caribou Mine in New Brunswick, which fires up in the 3rd quarter of this year. Sees good visibility to growth, just at the right time where zinc will be better in 2016. It should ramp up from 50 million pounds to 110 in 2016, with visibility to triple that production probably by 2020, through expansion as well as their Half-Mile mine coming on in a couple of years. Still likes.

Dennis Da Silva CANADIAN RESOURCE OPTIMISTIC on ENERGY Yes View
N/A A Commentary A Comment -- General Comments From an Expert Berman's Call 2015-03-02 $0.020

ETF.com in the US gives an overview of all the ETFs available.  There is not such a web site in Canada that he is aware of.

Larry Berman CFA, CMT, CTA NORTH AMERICAN - LARGE & ETFs UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Berman's Call 2015-03-02 $0.020

Withholding tax.  Dividends from a US ETF are pure income.

Larry Berman CFA, CMT, CTA NORTH AMERICAN - LARGE & ETFs UNKNOWN _N/A View
COMMENT A Commentary A Comment -- General Comments From an Expert Berman's Call 2015-03-02 $0.020

FRF-T: ETF that is launching.  The assets have to build up to $10 million within the first year in order for it to be profitable.  Size does not matter in the beginning.  If they shut it down after a year then you get your money back.

Larry Berman CFA, CMT, CTA NORTH AMERICAN - LARGE & ETFs UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Berman's Call 2015-03-02 $0.020

Markets.  We are back at the peak of the .com boom.  But the NASDAQ is a different index today.  Back then they were discounting 15 years worth of earnings into what the Internet was going to be.  The round numbers like the NASDAQ 5000 level today for a nanosecond have some physiological significance.  But now in the Russell 2000 more than 50% of the stocks are more than 10% below 52 week highs.  A narrower group of stocks are leading the index higher.  There are some reasons to say it is stretched here.  He would prefer the Dow now.  He was overweight Europe Nov/Dec last year and then reduced, but was wrong because it is still strong.  This week, or next, the ECB will launch their QE program.  China cut interest rates.  China is actually growing at only 4 or 5 percent and real estate prices are falling in some places.  He would be underweight exposure there.  Russian markets are poised for a snap back, but you can’t hedge the currency risk away.  There is probably another rate cut coming in Canada, but probably not this week.

Larry Berman CFA, CMT, CTA NORTH AMERICAN - LARGE & ETFs UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Berman's Call 2015-03-02 $0.020

Educational Segment.  Rig Count.  Baker Hughs is the biggest driller in the world.  The Rig Count got cut last year, but it wasn’t until the last two months that they really cut out rigs.  Most of those cut were not very productive so they did not cut out much production.  The seasonal period for oil starts out at the beginning of the year for the first half.  Inventories of oil are the biggest they have ever been in history.  They are expected to build for the next couple of months.  He thinks oil prices will re-test the lows of the last year over the next couple of months.

Larry Berman CFA, CMT, CTA NORTH AMERICAN - LARGE & ETFs UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-03-02 $0.020

He doesn’t see the ring of fire being viable in the next cycle.  The infrastructure is challenged.  The social and political infrastructure in Northern Ontario combined with low commodity prices and a relatively high cost of capital means you won’t see it work for quite some time.

Rick Rule PRECIOUS METALS BULLISH on PRECIOUS METALS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-03-02 $0.020

Why is there not more M&A in gold?  There are not an awful lot of deposits that are economic at the current gold price.  Management covet their salaries & perks and don’t want to give them up easily.  The majors that were aggressive in M&A in the last cycle paid for their aggressiveness and are nervous about making the same mistakes again.

Rick Rule PRECIOUS METALS BULLISH on PRECIOUS METALS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-03-02 $0.020

Markets.  In the last year we saw a slow steady water torture instead of a capitulation sell-off that would normally mark a market bottom.  Half the speculative listings in the world markets have no value.  Almost none of them have gone under.  4 or 5 years from now we will look at 2014 as ‘the good old days’.  He is a contrarian and buys what everyone else is afraid to buy.  We are in an 83% off sale and it is not unattractive.  We are seeing the beginnings of an M&A cycle.  At the bottom it cannot occur because management have put in such ridiculous change of control provisions that mergers are impossible given the payouts for officers and directors.  In the middle part of the market we are starting to see M&A.

Rick Rule PRECIOUS METALS BULLISH on PRECIOUS METALS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-03-02 $0.020

Markets. She likes growth names and has been looking for ones that are growing back (?) positions. In this environment, where economic growth is so slow globally, every company needs help because they can’t grow organically sufficiently to satisfy her growth targets. She has supplemented the companies that she looks at by companies that are basically making acquisitions. Between the 2, she gets to the double digits that she is looking for. With lower oil prices, consumers benefit the most and she has been positioning more towards consumers that are at the lower end of the income scale. Looking for a better half this year.

Veronika Hirsch CANADIAN & ALTERNATIVE OPTIMISTIC _N/A View
WEAK BUY ABX-T Barrick Gold Market Call (BNN TV) 2015-03-02 $16.010

Stock vs. Stock.  G-T vs. ABX-T.  G-T is better run than ABX.  ABX-T will have more leverage if you see an immediate increase in gold price, however. 

Rick Rule PRECIOUS METALS BULLISH on PRECIOUS METALS No View
PAST TOP PICK ACQ-T AutoCanada Inc. Market Call Tonight (BNN TV) 2015-03-02 $44.390

(A Top Pick March 28/14. Down 20.63%.) The majority of their dealerships are in Alberta, so there has been a lot of Shorting and Selling as people are anticipating that Albertans will buy fewer cars in 2015 and earnings will come off the rails. She doesn’t agree with that. Car sales are trending down, but it is not meaningful yet.

Veronika Hirsch CANADIAN & ALTERNATIVE OPTIMISTIC Yes View
HOLD AGU-T Agrium Market Call Tonight (BNN TV) 2015-03-02 $146.060

In the absence of the rest of the Canadian resource sector doing well, people have put their money into this and Potash (POT-T). Management has done a lot of investor friendly moves.

Veronika Hirsch CANADIAN & ALTERNATIVE OPTIMISTIC Yes View
TOP PICK ATD.B-T Alimentation Couche-Tard (B) Market Call Tonight (BNN TV) 2015-03-02 $48.140

Expects they will continue making acquisitions, but is not sure there are that many deals left in the US. They just entered Europe 2 years ago, and there is not much competition there. An exceptionally attractive stock right now because of lower oil prices, and a lot of oil companies might want to monetize their retail outlets. Yield of 0.37%.

Veronika Hirsch CANADIAN & ALTERNATIVE OPTIMISTIC Yes View
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