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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) 2014-11-21 $0.020

Markets. This reminds him of 2007-2008. We have low interest-rates, and all this is really doing is inflating the value of financial assets. There is almost a zero interest rates in the US for 5 years which, gave 2.5% growth. Europe is still in the can with zero growth. Japan just slipped back into recession, and now the People's Bank of China has come out saying they are cutting interest rates because the economy is slowing. Markets are going higher, but are creating a bubble kind of condition. He would prefer the market was going higher because of a strong economy and growing earnings. It is going higher because of stock buybacks and higher valuations in the market in general. It is hardly a buoyant economy to justify some of the recent moves, particularly in some of the non-resource parts of the market. He is looking for areas that are a little more value oriented and a little more yield oriented. His cash levels are higher than what they have been before. Today he is Selling into strength rather than doing any Buying.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2014-11-21 $0.020

US Growth.  He sees growth better than anywhere else right now. Going forward they have a few more headwinds as the US dollar is going to be a little more difficult for them. With Europe and China slowing down and with Japan in recession, if all your trading partners are doing poorly, it is going to be hard for the US to rise on its own. Earnings are growing generally, but there is a lot that scares him. You feel you are getting pushed into buying stocks because things are going higher, but that is what happened in 1998-1999.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2014-11-21 $0.020

For a long-term hold of 5 years or more, what would be the best sector? A lot of people like energy infrastructure and pipelines, but he finds that area overvalued. Some of the big US technology companies that have a global footprint look great. They are generating a lot of cash and margins are holding in. This would be at the top of his list. You could buy an ETF such as SPDR Technology (XLK-N), or pick a basket of 5 or 6 names. Likes healthcare, but it's a tough one to find the right names.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-11-21 $0.020

Markets. The market correction was very short, but he did buy a few things for a few accounts where he was bulking up on some stocks, but it began to run away from him quite quickly. Thinks we are going to see another leg to the downside going forward. PE multiples are still pretty high. The same problems exist in the world that existed before. There are all the geopolitical issues globally. There is also starting to be a real divergence in monetary policies globally. US is backing off from quantitative easing, but we have Europe and Japan going more towards that direction. There are a lot of mixed signals right now. We are towards the end of the year also, and there are a number of areas, particularly in Canada, that are into tax loss selling, which is putting some pressure on materials and energy stocks, for the next few weeks anyways. US seems to be carrying the world on its shoulders at the moment, and he thinks fundamentals are lagging valuations still.

Michael Sprung CANADIAN LARGE CAUTIOUS _N/A View
PARTIAL SELL AA-N Alcoa Market Call (BNN TV) 2014-11-21 $17.450

This has done very well. People became bullish on aluminum recently. The increase in usage of aluminum in the automobile is giving more credence. Costs have come down for them because the price of aluminum is relatively flat. Stock has more than doubled, so if you own, he would be inclined to take some profits. He thinks you have seen the best of your gains at this point.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Unknown View
HOLD AAPL-Q Apple Market Call (BNN TV) 2014-11-21 $116.470

Apple (AAPL-Q) or General Electric (GE-N)? Two completely different plays in different segments of the market. This has had a great run recently. Thinks this has gone through a crisis period and came out very well. iPhone 6 is selling very well. Have a great brand recognition. He thinks people continue to underestimate and undervalue things like iTunes and the software in general.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
COMMENT ATD.B-T Alimentation Couche-Tard (B) Market Call Tonight (BNN TV) 2014-11-21 $38.930

This is not a value stock. Has had a very good run. Very smart management. A lot of their growth has been by acquisition. Good operations in Canada and US as well as Europe. He looks at the multiples and can't justify the current price. If you want to play this, Metro (MRU-T) owns about 5%-8%, and has been doing very well lately.

Michael Sprung CANADIAN LARGE CAUTIOUS No View
COMMENT ATH-T Athabaska Oil Sands Corp Market Call (BNN TV) 2014-11-21 $3.200

Chart is a very ugly picture, but at $3 it gives the company a market capitalization of $1.2 billion. This is basically what Petro China paid them. He likes what they have in their Duvernay assets and the growth they have in Hangingstone. If oil prices slipped down to $60-$65 a barrel, there is going to be risk to the whole energy sector, but their balance sheet is in very good shape.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
BUY BCE-T BCE Inc. Market Call (BNN TV) 2014-11-21 $53.320

Until last night, resource stocks have really been under a lot of pressure. People are worried about commodity prices because of the higher US$, so in Canada people are gravitating to non-resource areas, the smaller part of the market. Areas like telecoms are growing and pay a decent dividend yield, and the valuations are not excessive. It's a logical place to move. They all stick out as relatively good value even though the industry is slowing down. Doesn't feel there is a lot of downside or risk to the area.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS No View
HOLD BNE-T Bonterra Energy Corp Market Call (BNN TV) 2014-11-21 $48.870

The pressures on this stock are simply industry related. Oil production growth is fine. They have a decent dividend yield. Good management and a good strong track record.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
TOP PICK BNS-T Bank of Nova Scotia Market Call Tonight (BNN TV) 2014-11-21 $70.000

Relative valuation has taken a bit of a hit lately, because in their recent quarter they reported a bit of a hiccup in their international operations. It is fairly rare that you are able to buy this bank for a lower Price to Book valuation than its competitors. At current levels, it’s a pretty good place to be. In the meantime, you are being paid 3.8% dividend yield and that dividend is likely to go up in the coming years. Tier 1 capital of about 10.9%.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
HOLD BTE-T Baytex Energy Corp Market Call Tonight (BNN TV) 2014-11-21 $30.940

A well-managed company. Good assets. Doesn't think the balance sheet is in terrible condition. Have been severely affected along with a lot of other oil/gas stocks. Believes it is going to level out from here. If we have some stability in the energy market, he thinks this will come out of this downtrend and reverse itself. Wouldn't be surprised to see this appreciate fairly quickly, should conditions improve a little.

Michael Sprung CANADIAN LARGE CAUTIOUS No View
HOLD COS-T Canadian Oil Sands Market Call Tonight (BNN TV) 2014-11-21 $17.650

Where it is trading today, he would not necessarily sell. If you are looking to participate in the oil sands, he might choose a different vehicle, but overall this company is at a level now where it looks reasonably valued. An extremely long-term play.

Michael Sprung CANADIAN LARGE CAUTIOUS Unknown View
BUY CPG-T Crescent Point Energy Corp Market Call Tonight (BNN TV) 2014-11-21 $36.670

Has reached a valuation where he has started to nibble at it.  Has a very good distribution. Used to depend a lot on their dividend reinvestment plan to finance it, but much less now with their production increasing. They have so much good land position where their future drilling opportunities are quite numerous, and have been very good at executing their strategies. Thinks they will continue to exploit their opportunities in the Bakken and Shaunavon areas. At these levels it is becoming a compelling price for a longer-term investor.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
COMMENT CWB-T Canadian Western Bank Market Call Tonight (BNN TV) 2014-11-21 $37.920

Their dominant operation is in the energy geographies, and he feels that is where a lot of the concerns have rolled in. Selling at a relative discount to the other banks than it used to. Latest quarter has been okay.  Net interest margin was squeezed a little in the last quarter, but those things are transitory. Have a fairly good capital base. Tier one capital is about 8% and thinks they will probably have to increase that over time. Longer term, this is probably a pretty good investment to have. Yield is just a little over 2%. You get a much better yield with some of the other Canadian banks.

Michael Sprung CANADIAN LARGE CAUTIOUS No View
PAST TOP PICK ECA-T Encana Corp Market Call Tonight (BNN TV) 2014-11-21 $20.880

(A Top Pick Dec 11/13. Up 10.03%.) This is a company that is really in transition. Have gone from primarily being a gas producer to much more exposure to liquids in a short period of time. What have astounded people are the prices they have got for the assets they have sold. Have also made some very smart purchases.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
HOLD ECI-T EnerCare Inc Market Call Tonight (BNN TV) 2014-11-21 $15.520

Has appreciated fairly sharply in the last short period of time. This is a company with a very low Book Value and selling at a high multiple of Book, but the earnings on that Book are significant, and the cash flow it has been generating has been improving. Just finished acquiring some holdings from Direct Energy. Thinks they are in very good position in the longer term. At the current price, he considers this as a Hold not a Buy.

Michael Sprung CANADIAN LARGE CAUTIOUS Unknown View
PAST TOP PICK EFN-T Element Financial Market Call (BNN TV) 2014-11-21 $14.450

(A Top Pick Feb 10/14. Up 11.09%.) Has taken profits on this earlier in the year and is looking to add it back. Likes what management is doing on a longer-term basis. This is a leasing business, which is a very low margin business, but they lever them up. As they start to lever it up they’re going to see better earnings growth. Could be volatile.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS No View
DON'T BUY ENB-T Enbridge Market Call Tonight (BNN TV) 2014-11-21 $52.350

Has a little of this in some accounts, but only from a legacy position. Has been an extremely well run company, but always sold at somewhat of a premium multiple. His problem is that a lot of the pipelines, at over 20X earnings, look expensive at current levels. The price you are paying today is anticipating a lot of future dividend increases. People should be concerned about how much debt is going to be financed for pipeline growth.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
COMMENT FTT-T Finning Int Market Call Tonight (BNN TV) 2014-11-21 $27.920

Very, very dependent on the resource industries, particularly mining, energy as well as construction. Insofar as you can see the economic landscape picking up, this one longer-term is a good industrial holding from here. For him to get interested in it, he would want to see it below $25.

Michael Sprung CANADIAN LARGE CAUTIOUS No View
DON'T BUY GE-N General Electric Market Call (BNN TV) 2014-11-21 $26.990

Apple (AAPL-Q) or General Electric (GE-N)? Two completely different plays in different segments of the market. This is obviously more of a play on capital spending. They have got out of a lot of their consumer businesses and will be spinning out the leasing businesses. Some of their capitals spending customers are slowing down a little, so he would be a little concerned there.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS No View
PAST TOP PICK HBM-T Hudbay Minerals Inc. Market Call Tonight (BNN TV) 2014-11-21 $9.530

(A Top Pick Dec 11/13. Up 23.61%.)  A lot of people doubted their ability to finance and bring on the constancy of a mine, which will be coming on stream next year. That will provide a further boost to their valuation. In the meantime, they have done some very smart things by selling a royalty stream into Silver Wheaton (SLW-T).  Management has done a very good job of manoeuvring this company and putting it in place for future production increases. Should there be any appreciation in commodity prices in the next couple of years that will be an added kick to the valuation.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
COMMENT HCG-T Home Capital Group Market Call Tonight (BNN TV) 2014-11-21 $51.620

Very diversified portfolio of mortgages, so he wouldn't be concerned about their exposure to any particular community. Extremely well-managed. Their loan losses are very, very low. Good management team.

Michael Sprung CANADIAN LARGE CAUTIOUS Unknown View
PARTIAL SELL HD-N Home Depot Market Call (BNN TV) 2014-11-21 $98.280

If you own, he would be tempted to take some profits. Has had a tremendous bounce off the August lows. The recent earnings beat. There is a little bit of the US market in general that he doesn't like such as a lot of earnings beat was because of share buybacks. The US housing market is improving which they are benefiting from, but feels the valuation multiples are very high for single-digit growth.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT L-T Loblaw Companies Ltd Market Call Tonight (BNN TV) 2014-11-21 $61.410

Has a lot of interesting parts to it. Has gone through a bit of transformation over the last 2 years in terms of reorganizing their supply, putting in SAP systems, etc. There has been some management turnover. Overall it is a lot more efficient than it was 5 years ago. Looking out a few years, you could see them earning around $3.75, a fairly significant multiple from a few years back. It may be a little ahead of itself if it were to go up very quickly from here.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
BUY MFC-T Manulife Financial Market Call (BNN TV) 2014-11-21 $21.910

Manulife (MFC-T) or Canadian banks? He has both. However, if it came to one or the other, he would be inclined to go with Manulife right now. The bank sector valuation is at a very high level and earnings growth is slowing down. Feels the housing market in Canada is a little bit riskier than it is in the US. This company has done restructuring and have got their balance sheet in better shape.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
COMMENT MFC-T Manulife Financial Market Call Tonight (BNN TV) 2014-11-21 $21.910

Doesn't think this is fully valued right now. They have a very, very strong balance sheet. Required capital is 248%, one of the highest in the industry. Since the financial crisis, they have really de-risked their balance sheet to a great extent, changed their sales mix into products that have more predictable profitability, gotten out of a lot of the market sensitive products. Extremely well-managed. Expects you could see upside from here. Wouldn't be surprised to see the dividend increased in the next year or two.

Michael Sprung CANADIAN LARGE CAUTIOUS Unknown View
PARTIAL SELL MG-T Magna Int'l. (A) Market Call Tonight (BNN TV) 2014-11-21 $118.200

The automotive industry has done a lot better over the last few years. As a result, there has been good appreciation in the auto suppliers. Since we have seen such great appreciation in the auto sector, unless it keeps going and growing, he doesn't see a whole lot of potential going forward. If you own, consider taking profits.

Michael Sprung CANADIAN LARGE CAUTIOUS No View
TOP PICK MRE-T Martinrea Market Call (BNN TV) 2014-11-21 $10.380

Some downside protection and earnings growth is at a very low valuation. Stock was off recently in the last quarter, when they met the earnings, but projections going forward were probably below what the street wanted. Spending a lot of money on programs going forward. As these programs come in, it is going to generate new earnings growth for the next couple of years. Sees them generating better than 10% earnings growth going forward for the next 3 years. Trading at under a 10X forward multiple. Also, they have a great positioning in aluminum parts. Yield of 1.18%.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
TOP PICK NFI-T New Flyer Industries Inc. Market Call Tonight (BNN TV) 2014-11-21 $13.040

Well-positioned, and the management over the last few years has put much more of a focus on manufacturing and efficiencies, and over the coming years they will be beneficiaries as fleets are renewed in cities throughout North America. They participate in electric, hybrid and traditional bus lines. Not only are they one of the few North American manufacturers left, but also have a good parts aftermarket business that has been growing significantly. Yield of 4.49% which he feels is safe.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
TOP PICK PD-T Precision Drilling Market Call Tonight (BNN TV) 2014-11-21 $9.150

Stock has pulled back significantly with the problems in the oil sector. This is now at a level where he thinks it is very attractive. This is Canada's largest drilling company. Have significant operations in the US. If you have faith in the oil/gas industry, this is a very good entry point. Yield of 3.06%.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
COMMENT PGF-T Pengrowth Energy Market Call Tonight (BNN TV) 2014-11-21 $4.530

The big factor with this company is the Lindbergh project, which is expected to start coming on in the near future. The success of that is largely going to determine what happens with this company. They have had higher production at their Cardium assets and the old Garrington area has done little bit better. They've hedged 83% of their 2015 production at $93-$94.50, and he feels that will stand them in good stead. Has a reasonably good chance of appreciation from here. A 10.5% dividend yield and doesn't think they will review their dividend policy until some time next year, if conditions don't improve a lot.

Michael Sprung CANADIAN LARGE CAUTIOUS Unknown View
COMMENT PWT-T Penn West Petroleum Market Call Tonight (BNN TV) 2014-11-21 $5.240

This company has been in a state of turmoil. Their balance sheet is still quite levered. Have been hoping to sell off some assets and understands they will be selling off some with about 7000 barrels per day. That should help mitigate the situation. Has been some management turnover in the last couple of years, but the worst thing that is hitting them right now is the lower commodity prices while they are financially constrained. There are safer ways to participate in the oil patch, but if it survives, it could have a lot more leverage.

Michael Sprung CANADIAN LARGE CAUTIOUS No View
PAST TOP PICK QBR.B-T Quebecor Inc (B) Market Call (BNN TV) 2014-11-21 $30.390

(A Top Pick Feb 10/14. Up 26.46%.) The de facto 4th player in the telecom area. He doesn’t own this for the publishing assets, but getting it for what it is going to be doing in wireless. It was cheaper than the rest of the group and had better growth potential.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
TOP PICK QCOM-Q Qualcomm Market Call (BNN TV) 2014-11-21 $71.470

They sell communication chips across the industry. Almost any smart phone built globally has a Qualcomm chip in it. Also, have a lot of products going into areas such as wearables and the higher growth areas. The biggest problem recently has been with what they sell in China and getting their royalties. Stock continues to have a decent growth rate. Yield of 2.37%.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
DON'T BUY RET-T Reitmans Market Call Tonight (BNN TV) 2014-11-21 $5.900

Retail landscape in Canada has changed quite dramatically, and this company has been very much impacted by the incursion of the Wal-Mart’s and Targets and discount chains. They are in a very difficult position. In today's environment, it has lost its lustre as a dividend provider. Have good retail locations and a reasonably desired product, but people just aren't shopping at those types of locations anymore.

Michael Sprung CANADIAN LARGE CAUTIOUS No View
SELL RIG-N Transocean Inc. Market Call (BNN TV) 2014-11-21 $25.930

Looking at what is happening in offshore drilling right now, there is still too much supply and pricing is coming down. Thinks the company has been mismanaged for the last couple of years.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS No View
HOLD SCL-T Shawcor Ltd. (A) Market Call (BNN TV) 2014-11-21 $51.470

Has come under pressure like a lot of energy stocks. It is a coating for pipes, so it is not exactly a direct play on the oil sector. Have shown pretty good earnings growth over a number of years. Well-managed. Sort of a unique spot with regards to the product they have.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT SOX-T Stuart Olson Inc Market Call Tonight (BNN TV) 2014-11-21 $6.990

Had some problems a couple of years back with fixed price contracts that went way over budget and really hurt their bottom line. That has been working through, but not quite as fast as people had hoped for. Believes they are writing newer contracts that are going to be at better margins going forward. Commercial and industrial divisions have been doing a lot better recently. This is going to be a matter of time. As non-profitable contracts drop-off and newer ones come into play, he feels management is going to be very diligent in seeing that these margins come through. In the meantime, you are being paid a very generous dividend. Feels it has very good potential for capital appreciation with very limited downside risk. Wouldn't be surprised to see the stock well through $10-$12 in the next couple of years.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
BUY SU-T Suncor Energy Inc Market Call Tonight (BNN TV) 2014-11-21 $40.520

He is a big believer in this one. A good way to play the oil patch from an integrated perspective. You have everything from conventional oil sands to upstream and downstream. Extremely well-managed. On the multiple pieces, it looks pretty reasonable at these levels. If you look out over the next year or 2, it is selling at around 6X cash flow and 10-12 times earnings, which is quite reasonable. Because it is in the energy sector, there might be some volatility in the short term.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
COMMENT TCK.B-T Teck Resources Ltd. (B) Market Call Tonight (BNN TV) 2014-11-21 $19.940

Believes this is selling at reasonably good valuation these days, but it is not necessarily a slam-dunk. The dividend is safe if commodity prices do not deteriorate a whole lot more. If coal prices go below $100, he would be worried about the dividend. Currently this is selling at such a reasonable price, given the scope of their operations, that it could have significant upside from here. Wouldn't be surprised, should there be some recovery in copper, zinc and coal that this could very quickly be a $30 stock again.

Michael Sprung CANADIAN LARGE CAUTIOUS Unknown View
COMMENT TDG-T Trinidad Drilling Ltd Market Call (BNN TV) 2014-11-21 $6.740

The energy sector has been pummelled. He had lightened up in general during the summer, but wishes he had sold it all. Still likes this company. They have great prospects. The risk right now is the company’s customers. Their cash flows are going to be coming down, so they will be spending less. The 50% drop in the stock has reflected a lot of that and it is going to be better value. Have a great joint venture with Halliburton. Thinks there are sector risks right now and he is underweight in energy.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
PARTIAL SELL THI-T Tim Hortons Market Call (BNN TV) 2014-11-21 $93.870

Pretty fully valued at this point and will be a different animal you own going forward with the Burger King acquisition. The company is continuing to do a great job, but penetration has gotten as far as it can in Canada. Growth has always been a little more difficult in the US. Consider taking some money off the table and look for something else or sit on the cash.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT TRP-T Trans Canada Corp Market Call (BNN TV) 2014-11-21 $56.930

His problem with this is its valuation. Trading around 23 or 24 times earnings. Looks like it has some earnings growth built in at about 5% and some dividend growth which is good, but the valuation just astounds him. They still need a lot of capital.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS No View
TOP PICK TS.B-T TorstarCorp (B) Market Call (BNN TV) 2014-11-21 $6.570

When they sold Harlequin, they did much better than anyone expected with $450 million. Has a market cap of $500 million right now with about $200 million in cash. Newspaper business is not growing, but they are cutting costs. Their digital division is growing. 8.16% dividend yield with lots of cash to pay it.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
PAST TOP PICK U-T Uranium Participation Corp. Market Call (BNN TV) 2014-11-21 $5.480

(A Top Pick Feb 10/14. Up 2.49%.) Thinks there are still some excess supplies out there and you still haven't got the Japanese restarts going. You Buy this more because of the reactors coming on in the next couple of years, particularly in China. Also, there are long-term costs to bringing in new uranium mines.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
PAST TOP PICK WN-T George Weston Ltd. Market Call Tonight (BNN TV) 2014-11-21 $99.520

(A Top Pick Dec 11/13. Up 31.64%.) Even at today's valuation, it is putting very little valuation on the bakery operations. He feels they’re having a strategic review as to what they are going to do with the bakery operations. This represents good value.

Michael Sprung CANADIAN LARGE CAUTIOUS Yes View
BUY YRI-T Yamana Gold Inc. Market Call (BNN TV) 2014-11-21 $4.570

Gold is one of the toughest calls out there. Got out of it a couple of months ago, but is now getting a little bit nervous about not owning it. Had a nice rally and is at the critical $1200 level, which is the cost of production for a lot of these companies. Even though there is some downside risk to gold in the shorter term, ultimately all this money creation and appreciation of the currencies will ultimately be a positive for gold. He is comfortable owning this one in this range.

John Zechner NORTH AMERICAN - LARGE CAUTIOUS Yes View
TOP PICK 0168-HK Tsingtao Brewery Co. Market Call (BNN TV) 2014-11-20 $0.000

Has been growing at double digit rates.  Brewing companies use a ton of energy.  So lower energy costs are helpful for this story.  It is relatively cheap.  Owned since the low $30s. 

Darren Sissons GLOBAL LARGE BULLISH on RESOURCES Yes View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2014-11-20 $0.020

Markets.  The first part of the year was pretty good and the second part has declined since then. Mining stocks have declined most of the year.  The oil sell-off started in the second half and the markets have not performed well.  There is long term significant value in the mining category.  There are big discounts.  TCK.B-T is on sale.  In Oil and Gas there are a ton of good companies.  The demand for copper will not go away in emerging markets. 

Darren Sissons GLOBAL LARGE BULLISH on RESOURCES _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-11-20 $0.020

Brookfield preferred shares E and F? He thinks these are a Hold. Brascan is now owned by Brookfield, which is a good quality company. Thinks that one of these is a floating-rate preferred and this is the one you should probably hold in a rising interest-rate environment.

Hank Cunningham FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-11-20 $0.020

Bond Yields. As to whether bond yields are going up or down, the forces are pretty well-balanced right now. The bias is towards slightly higher rates from this point, but not by very much. Feels rates are going to inch up a little. In the early part of the year, there was a big shift in demand. There was far more money to invest in bonds than there was bonds available. US deficit shrank, and all the geopolitical tensions caused foreign investors to flee into the treasury market. Inflation has been low and growth has been weaker than expected and commercial banks have been shoring up their balance sheets because of the new law, so there have been more buyers of US government corporate bonds than sellers. In the last 12 months, government yields have fallen and US corporate bonds have risen, which tells you there is trouble in the junk bond market. Part of the reason for that is the energy patch, where a lot of weak balance sheets are emerging with the plummeting of the price of oil. The boom for high-yield bonds seems to be over, the number of people issuing them has fallen and there are fewer investors wishing to buy them.

Hank Cunningham FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-11-20 $0.020

How will currently listed debentures react when long-term interest rates go up? Will it be more dramatic or the same as bond yields? “Listed bonds” would be convertible bonds in Canada, and as a group of bonds, they are unrated and subordinated at very low quality. Many of them are small and don't trade very actively. They will rise in yield as long as the conversion value isn't worth much. Many of these have become overvalued. Their prices will fall as general yields rise, but not in a straight line because the conversion value may kick in and cause them not to fall as much as regular bonds. He does not invest in convertible debentures and thinks they are junk. If you really like the company, buy the common.

Hank Cunningham FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-11-20 $0.020

Brascan Corp 5.95% maturing Jan 14/35? This is very long term and he has a preference to “not” Buy long term corporate bonds. If you look back 20 years you see all the companies that have gone out of business. There is a lot of risk in these bonds if rates do start to rise. If rates on these bonds went up 1%, the price would fall $12.

Hank Cunningham FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-11-20 $0.020

Bought Province of Ontario bonds, 4.2% coupon at a discount and are now worth $108+. Maturity is 2018. Is it better to take the gain now or ride it out? If this is a large part of your portfolio, you might think about reducing it and taking some of those capital gains. However, he is still in favour of purchasing 2018-2019 bonds for his “rolling down the yield curve” strategy.

Hank Cunningham FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-11-20 $0.020

Bond ETF's or individual corporate bonds held to maturity? The basic problem here is that ETF's do not mature. When he advocates ladders, they get individual bonds and they know when their money is going to come due, exactly how much and when. With an ETF, you are at the mercy of the market. He feels you are better off with individual bonds.

Hank Cunningham FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-11-20 $0.020

How do I find detailed information preferred shares? The most comprehensive source for preferred shares information is Hymas Inv Canada (WWW.HIMIVEST.COM) and has more information than you can ever digest about preferred shares.

Hank Cunningham FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-11-20 $0.020

Holding 2021 Real Return Bonds? He would consider holding these. These are fairly short-term and are the shortest Real Return bonds in the market. There is not much downside risk in these, even if the yield rises sharply.

Hank Cunningham FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2014-11-20 $0.020

Energy bonds. Some of the spreads may be widening out. Would this be an opportunity to lock in a higher yield? What names would you recommend? He would not be touching any of the convertible bonds, unless he felt the price of oil was going to rebound. An ETF might be the better way, as picking individual oil bonds is fraught with difficulty, unless you buy a package of them.

Hank Cunningham FIXED INCOME UNKNOWN _N/A View
PAST TOP PICK APD-N Air Products & Chemicals Inc. Market Call (BNN TV) 2014-11-20 $142.680

(Top Pick Dec 05/13, Up 36.72%) He likes this longer term.  Great balance sheet.

Darren Sissons GLOBAL LARGE BULLISH on RESOURCES Yes View
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