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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) 2015-01-30 $0.000

Markets.Thinks the next little bit is going to be bumpy. You have lower oil prices which are showing up in the 1st quarter in the US. The higher US$ is hurting international, which will also affect 1st quarter earnings. The Greek fears will probably drag on for a while. However, you are going to have the compounding effect of European quantitative easing, which is going to help and underpin. At the end of the day, he thinks there will be a positive resolution in Greece. Lower energy, although it takes time, will eventually be a boon for consumers. A higher US$ will ultimately help American purchasing power.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS _N/A View
COMMENT A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-30 $0.000

Which bank, for a good dividend and lower downside risk? Bank of Nova Scotia (BNS-T) is the least tethered to Canada. If you think Canada is going to be a little bit dicey, this is one that you might want to look at. CIBC (CM-T) probably has the highest dividend and the lowest PE as well as having the highest capital levels.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Unknown View
PAST TOP PICK BAC-N Bank of America Market Call (BNN TV) 2015-01-30 $0.000

(A Top Pick Jan 16/14. Down 10.33%.) Q4 was a bit of a disappointment. Thinks the market is really overlooking its good points. Good credit quality, lower energy exposure than other banks and are levered to a housing recovery and improving US consumer. Cheap at 1X 2015 estimated tangible book value. This is not a question of “If”, but “When”.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
COMMENT BMO-T Bank of Montreal Market Call (BNN TV) 2015-01-30 $0.000

The banks just got downgraded. They are a whole lot cheaper than they were 2 months ago, so they are getting to levels where they are starting to look somewhat attractive. This one had a bit of a rough quarter, but they are making strides on the domestic side. If they can continue with that, it will be a good place to be. This is a name that you are going to want to be constructive on at some point close to this amount.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
COMMENT CIX-T CI Financial Corp Market Call (BNN TV) 2015-01-30 $0.000

A good company with a lot of good upside. If you believe the bull market continues, as he does, this is a good place to play. They have $100 billion in assets with a goal to grow it to $150 billion over the next 5 years. 4.2% dividend is safe. The only thing that concerns him is the changing regulatory environment.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
BUY CP-T Canadian Pacific Rail Market Call (BNN TV) 2015-01-30 $0.000

If Keystone is passed, will this hurt the rails? In all of their crude by rail estimates, they assume that Keystone goes through, so don’t let that hold you back. Crude is about 10% of their business. They have calculated that if crude falls by half, they actually will have better margins because of the better economy, and better top and bottom lines. This is a phenomenal rail company. Trading at around 17X 2016 estimates and is less than Canadian National (CNR-T) right now. He thinks this has upside.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
COMMENT CPG-T Crescent Point Energy Corp Market Call (BNN TV) 2015-01-30 $0.000

Have been cutting CapX and stand ready to cut more. In spite of thi, they still expect production to grow by about 9% this year. 41% of their 2015 production is hedged. Very sustainable relative to their peers, but even with these hedges, $50 oil and $3 natural gas, he feels the balance sheet will weaken and debt to cash flow will climb to 2.3% and cash flow per share will fall by about 33% and the effective payout ratio will rise to about 158%. The dividend is probably sustainable for this year. The only way he would buy this is if you believe the oil price weakness is temporary and you will have $55-$80 oil within the next 12-20 months.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Unknown View
BUY on WEAKNESS CSH.UN-T Chartwell Seniors Housing Market Call (BNN TV) 2015-01-30 $0.000

Doing very well. Their Q3 same property net operating income growth is 2.6% and he expects this momentum to continue through 2016. Have been selling their non-core and investing in their core developments. That is pretty well done now and will be turning to developments. He models 10% AFFO growth over the next couple of years. Trading in line with the rest of the REIT sector. The balance sheet has been improving. Payout ratio is reasonable at 69%.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Unknown View
COMMENT ECA-T Encana Corp Market Call (BNN TV) 2015-01-30 $0.000

At $50 oil and $3.25 natural gas, cash flows per share fall 40%. Their balance sheet does get worse and goes from debt to cash flow at 5.4 times. If commodity prices stay as low as they are, they are going to have to cut their dividend and their CapX even more.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Unknown View
BUY EIF-T Exchange Income Market Call (BNN TV) 2015-01-30 $0.000

A higher risk stock and somewhat illiquid. His company has a $28 target on it. He forecasts their 2015 payout ratio at 60%, so the dividend looks good. Trading below its five-year average EBITDA of 7%. They just de-levered their balance sheet by selling the West Tower. Bought an aerospace company which looks like it is going to be pretty accretive and a strategic fit.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
PARTIAL BUY FTT-T Finning Int Market Call (BNN TV) 2015-01-30 $0.000

Caterpillar (CAT-N) came out with a weak outlook recently, which hit this company. His numbers are even more negative and assumes new equipment sales fall 20% in Canada, 10% in South America. Even with that, given their strength in product support, he sees their overall earnings actually rising by 5% in 2015. If his assumption is right, it means they earn a $2.29 free cash flow, which gives them about 11% free cash flow yield. If you are looking long-term, the dividend is safe with a 34% payout ratio and the balance sheet is strong. This could be accumulated down at these prices.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Unknown View
HOLD GEI-T Gibson Energy Market Call (BNN TV) 2015-01-30 $0.000

One issue is that only about 30% of their EBITDA is actually coming from infrastructure. The rest is coming from marketing, environmental services and trucking, which are much more volatile businesses and price sensitive to swings in energy. Still trades at a very high PE at about 28X, in line with the group. If you own, consider selling Calls.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Unknown View
BUY GIB.A-T CGI Group (A) Market Call (BNN TV) 2015-01-30 $0.000

This has growth and this is a consolidated market, and they are really likely to capitalize on that and grow by acquisitions. He has been buying currently. Still trading at 8.9X 2015 EV EBITDA, versus its 5 year average of 9.3.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
TOP PICK HBC-T Hudson Bay Co. Market Call (BNN TV) 2015-01-30 $0.000

One reason he likes this is the real estate play, but the big reason is that 63% of their business mix comes from the US. He thinks you will benefit from a stronger US consumer and lower oil. They report in Cdn$, so are going to benefit from the US dollar exposure. Have been doing well in Q3 on their top line growth, bottom line growth and margins. Yield of 0.85%.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
HOLD HR.UN-T H&R Real Estate Inv Trust Market Call (BNN TV) 2015-01-30 $0.000

The dividend is reasonably secure. It has a 91% 2015 estimated payout ratio, which has been trending up a little. They have made their portfolio look better by selling half of their industrial portfolio, and will probably use the proceeds to pay down debt or do buybacks or stock. If you believe yields are going to go lower, this is one that you can buy.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
DON'T BUY MBT-T Manitoba Telecom Services Market Call (BNN TV) 2015-01-30 $0.000

Thinks Allstream has been weighing on them. Their best opportunity is to try and find a way to divest it and focus on core operations, and ultimately preserve their dividends. He estimates the 2015 payout ratio to be at 104%. You will get paid your dividend this year, but he is not so sure of the strength of the market over the next year. He wouldn’t be putting new money into this yet.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Unknown View
TOP PICK MFC-T Manulife Financial Market Call (BNN TV) 2015-01-30 $0.000

Expects that in the next 12-24 months we are going to have higher yields, which will be a tailwind for this company. 45% of earnings is coming from the US. Trading below its five-year average. Solid top and bottom-line trends in Asia. Yield of 3.05%.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
PAST TOP PICK MG-T Magna Int'l. (A) Market Call (BNN TV) 2015-01-30 $0.000

(A Top Pick Jan 16/14. Up 30.83%.) He saw continued margin expansion, continued top line growth, capital deployment to buy back shares and increase of dividend. This is all still very real. Still trading at a discount to the group.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
HOLD NBD-T Norbord Inc. Market Call (BNN TV) 2015-01-30 $0.000

Cut their dividend down to about 4%. Acquiring Ainsworth Lumber (ANS-T), which will be accretive for them. This is a play on the eventual US housing recovery. OSB prices have stayed really, really low at around $200. Eventually that has to turn up to justify the stock move that this company has had. He would consider Selling a Covered Call on this.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
COMMENT PEY-T Peyto Exploration & Develop. Market Call (BNN TV) 2015-01-30 $0.000

One of the most sustainable and best names and is almost all natural gas. Even at $3.25 gas, their debt to cash flow is fairly reasonable at 2X, so their balance sheet is still pretty good. Their payout ratio goes to 144%, which is a whole lot better than the group of 216%. If gas prices stay low, they all will be forced to cut their dividend, but this is a quality company that continues to grow production. If you are going to bet on the natural gas play, this is a good one to own.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
COMMENT SGY-T Surge Energy Inc Market Call (BNN TV) 2015-01-30 $0.000

They cut their dividend which was good and are trying to respond to the environment, but at $50 oil and $3.25 natural gas, the balance sheet does weaken and the debt to cash flow goes to 4.1%. Their effective payout ratio is still not bad at 86%. You can own this if you have a view that this oil weakness is temporary for 12-20 months, but if you are buying it for sustainable long-term dividends and you think oil is going to stay where it is, you don’t want to be here.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS No View
TOP PICK SJR.B-T Shaw Communication (B) Market Call (BNN TV) 2015-01-30 $0.000

The Cdn$ is probably going to go lower. He thinks a 4th player is going to come in to Canada and going to hurt the Big 3. The money from there is going to have to go somewhere and this company is quite reasonable. They just pulled back from a weaker Q1. Thinks they can grow their EBITDA this year by 5%-7%. Combining out with lower CapX, he sees their free cash flow growing by about 30% through 2017. Also expects 5% dividend growth. Yield of 4.02%.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
COMMENT TD-T Toronto Dominion Market Call (BNN TV) 2015-01-30 $0.000

Would you Short this for CGI (GIB.A-T) or West Fraser (WFT-T)? He wouldn’t Short a bank, even if he believed the banks went $5 lower. He would maybe Sell a Call. He doesn’t want to play the negative yield. This is a dangerous game. Banks have a tremendous ability to make money over the long term. This one has 24% of its earnings from the US and will benefit from a weaker Cdn$.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Unknown View
PAST TOP PICK VGK-N Vangrd European E.T.F. Market Call (BNN TV) 2015-01-30 $0.000

(A Top Pick Jan 16/14. Down 6.99%.) This was actually an OK call, but he hadn’t accounted for the euro falling like a stone, and this was not currency hedged. He actually prefers and is buying Wisdomtree International Hedged Equity Fund (HEDJ-N), and thinks Europe goes higher with quantitative easing.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Yes View
SPECULATIVE BUY WJX-T Wajax Corp Market Call (BNN TV) 2015-01-30 $0.000

Trading at 6.4X versus 11.4, its five-year average, so it is cheap. Have just restructured, so that is complete and it can derive cost savings. Its debt to EBITDA is pretty low at 2.1, well below its debt covenants. What is sad is the weak outlook for oil and gas, and for miners. The payout is very generous. This is worth a shot for somebody who doesn’t mind taking a little bit of a risk.

Greg Newman CANADIAN DIVIDEND & DEFENSIVE STRATEGIES CAUTIOUS Unknown View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-29 $0.020

Markets.  We are at an interesting point in economic history.  The reality is that we have not had a point where the European, Japanese, Chinese and Bank of Canada are working together to add liquidity.  In the long term this could contain some dangers.  It is an inflationary phase that we won’t see until 2016.  The next part of the equation is currency exchange.  That will be more powerful than more people think.  Now that we have a foreign exchange structure that is seeing the US dollar move dramatically against all other currencies, it will change things dramatically in 12 months or so. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-29 $0.020

REITs are pushing forward as much of the refinancing as they can.  The lower interest rates are a benefit and then they want to lock them in for as long as possible. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
PAST TOP PICK A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-29 $0.020

Air Canada Bonds 7.625% maturing 2019 (Top Pick Feb 28/14, Up 14.75% Total Return) The slow down in Western Canada could moderate air travel for a few years.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-29 $0.020

REIT rules in Canada.  He would love to see more flexibility.  Changes in 2006 involved rules that were too draconian.  He doesn’t see rule changes in the US coming to Canada.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-01-29 $0.020

Markets.  Thinks interest rates will be lower, longer than people think.  The Bank of Canada is worried about a slower Canadian Economy.  We are in the phase where the oil price drop is now affecting other areas of the market.  Oil is very little of the US economy compared to Canada.  The world has not changed that much.  Earnings came out from a lot of companies and all they said was that the dollar was affecting them.  Yet commodities have collapsed.  China may be slowing down faster than people think.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS _N/A View
COMMENT A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-01-29 $0.020

Is it time to get out of Canada?  Nobody really knows where oil is going.  He feels oil can still go lower as there is still excess supply.  The other problem with oil is that it can be stored and eventually storage could get filled up.  It has to settle somewhere.  It will probably go up higher over a period of time.  There will be a point over the next period of time when it is a great time to buy great oil companies [Canadian].

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS _N/A View
DON'T BUY ACQ-T AutoCanada Inc. Market Call (BNN TV) 2015-01-29 $34.770

A wonderful operator.  The reality is that the dealerships are centered in Western Canada.  It will be tough for them to just maintain sales. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
TOP PICK AP.UN-T Allied Properties REIT Market Call (BNN TV) 2015-01-29 $40.370

(Top Pick Feb 28/14, Up 24.60%) Has a very disciplined organic growth pattern.  He continues to hold and it is a large position.  This is a well run investment trust.  It is a development, acquisition and urban intensification story.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
TOP PICK BAC-N Bank of America Market Call Tonight (BNN TV) 2015-01-29 $15.430

It has come off a fair bit as have a lot of the US banks.  You have a really good chance to get a great company really cheap.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Yes View
TOP PICK BAM.A-T Brookfield Asset Management (A) Market Call (BNN TV) 2015-01-29 $65.180

This is where all their top managers own their equity in the portfolio.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
DON'T BUY BB-T BlackBerry Market Call Tonight (BNN TV) 2015-01-29 $12.920

It is hard to see where it will go from here.  It is a difficult environment.  He thinks it would work better if Amazon bought them out.  He is not sure BB-T will be around in a year.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
DON'T BUY BBD.B-T Bombardier Inc (B) Market Call Tonight (BNN TV) 2015-01-29 $2.930

Has done poorly and it is a tough business.  He has never owned it.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
PARTIAL SELL BCE-T BCE Inc. Market Call (BNN TV) 2015-01-29 $58.310

Telecoms in Canada have valuations that are between 6 and 8.5 times cash flow.  This one is at the high end of this scale.  This at the expensive end of the range.  You should trim when you get to this point.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
BUY BPY.UN-T Brookfield Property Partners Market Call (BNN TV) 2015-01-29 $30.550

They won their battle to own the Canary Warf project.  The UK economy is actually doing quite well.  It should be very accretive.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
HOLD CGX-T Cineplex Inc Market Call Tonight (BNN TV) 2015-01-29 $45.720

He sold it because it got a little bit too expensive.  It has a decent yield of about 4%.  It technically has a monopoly.  They have done a very good job.  But their business is driven by blockbusters.  There are some really big-brand things coming out and that should cause them to full up.  It is about driving concessions and other parts of the business that do well.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
DON'T BUY CIX-T CI Financial Corp Market Call Tonight (BNN TV) 2015-01-29 $32.800

A lot of people are moving to the ETF market.  The mutual fund industry is not growing quickly.  The mutual fund industry has to bring their cost structure down.  It can survive and at some time there could be more acquisitions.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Unknown View
COMMENT CM-T Canadian Imperial Bank of Commerce Market Call Tonight (BNN TV) 2015-01-29 $91.370

They are cutting some 500 jobs.  There is pressure on them to be more cost effective.  But they say they will hire 5000 more in the next year.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Unknown View
WAIT CPG-T Crescent Point Energy Corp Market Call (BNN TV) 2015-01-29 $28.830

It has done very well in the last 30 days, outperforming many of the old ex-income trusts in the energy sector.  They will continue to pull back cap-x.  When oil prices go over $65 you will see more invigorated growth.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
WEAK BUY CSH.UN-T Chartwell Seniors Housing Market Call (BNN TV) 2015-01-29 $12.720

There is some economic sensitivity because the rooms are expensive and in tougher economic times the vacancy rates might go up a bit.  However, they seem to improve their occupancy quarter after quarter.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
TOP PICK CUBE-N CubeSmart Market Call (BNN TV) 2015-01-29 $25.260

Very good operators.  They have made acquisitions over the last 5 years and the stock price shows they are good at integrating them in.  The price is not too rich here.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
DON'T BUY D.UN-T Dream Office REIT Market Call (BNN TV) 2015-01-29 $27.330

Has western Canada exposure.  Office leases are done normally with investment grade blue chip companies so there is really is little risk of the leases being broken.  Their stock no longer trades at a premium.  Acquisition growth is predominantly off the table.  They have to prove to the market that they are good operators. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS No View
BUY DEO-N Diageo PLC Market Call Tonight (BNN TV) 2015-01-29 $121.940

They are a global company, around 21 times earnings and a great dividend.  They had issues where they spent too much on marketing.  The volume of spirits does not move up. People move from clear to premium spirits.  He thinks they will do more bolt-on acquisitions in local markets.  It is a great growth business that is consolidating. It is a well managed company and will continue to do well.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
BUY DOL-T Dollarama Inc. Market Call Tonight (BNN TV) 2015-01-29 $59.950

They are very good at their organic growth.  They are defensive and cyclical at the same time.  People still shop there when things are improving.  One of the issues is that they source a lot of their product from the US so the currency issue may affect them.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Unknown View
SELL DPS-N Dr. Pepper Snapple Group Market Call Tonight (BNN TV) 2015-01-29 $79.080

They have effectively used their capital structure well and increased free cash flow.  His issues are that the whole sugary drink area is under pressure as it is adding to the diabetes problem and a lot of the cost structure taken out has finished and so you need them to grow the top line.  They are getting a lot of price competition from Coke and Pepsi.  They are not as international as the other two so there is some room for growth there.  He would suggest, however that it is time to get out.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
BUY ENF-T Enbridge Income Fund Holdings Market Call (BNN TV) 2015-01-29 $40.290

They have 15 billion worth of secured contracts coming through their pipe over the next 5 years.  Potential dividend increases for 5 years could be 10% per year. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
HOLD FCR-T First Capital Realty Market Call (BNN TV) 2015-01-29 $19.570

A good operator, but a lot of these look relatively cheaply compared to US counterparts.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
BUY HR.UN-T H&R Real Estate Inv Trust Market Call (BNN TV) 2015-01-29 $24.830

They have diversified.  Their tenants can withstand the weak oil prices of today. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
DON'T BUY HSBC-N HSBC Holdings P L C Market Call Tonight (BNN TV) 2015-01-29 $46.680

The issue is that they are a large international bank with a large presence in Asia.  Their acquisition of Household Finance was a disaster.  They are not making changes as fast as BCS-N.  HSBC-N has gotten lost in their strategy somewhere, so he would prefer BCS-N.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
BUY on WEAKNESS JNJ-N Johnson & Johnson Market Call Tonight (BNN TV) 2015-01-29 $102.380

It is a great company, not expensive.  As things come off in one business another picks up.  There are devices, pharmaceutical and consumer products.  Thinks they will continue to make small acquisitions.  You can hold this for the long, long term.  He would buy more on a pullback.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
BUY JPM-N JP Morgan Chase & Co Market Call Tonight (BNN TV) 2015-01-29 $55.670

A great company.  He thinks it is not expensive, 9 times earnings, around book value and has a decent dividend yield.  The net interest margin has been hurt over the last little while.  It has also been hurt by some fixed income business.  They did well on equities and M & A.  You are not paying a lot and the US economy is doing better, so it should help JPM-N.  It is a very large asset management bank as well as having a credit card business.  There are a lot of issues with regulation.  But he thinks they are good value here.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Yes View
PAST TOP PICK LNF-T Leon's Furniture Market Call Tonight (BNN TV) 2015-01-29 $19.000

(Top Pick Jan 20/14, Up 37.08%) Management owns a very large percentage of the stock.  LNF-T owns the properties under the stores.  He sold some off because it ran up so far and would buy it back on a dip.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
PAST TOP PICK MEQ-T Mainstreet Equity Corp Market Call Tonight (BNN TV) 2015-01-29 $33.360

(Top Pick Jan 20/14, Down 6.84%) It went down with the oil price drop because they are in Alberta.  He continues to like it.  They made some very good purchases over the last little while in BC.  Likes management.  They are very cost effective.  Perhaps they can make some acquisitions when things are cheaper.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
DON'T BUY MFC-T Manulife Financial Market Call Tonight (BNN TV) 2015-01-29 $20.570

He has an issue with the low interest rate environment and insurance companies.  But they have brought their leverage down and that has helped them.  They would like to do acquisitions, but the big ones are few and far between.  They can grow their ROE, but you need to still see less leverage on their balance sheet.  He prefers SLF-T where they have the asset management business.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
BUY MO-N Altria Group Inc Market Call Tonight (BNN TV) 2015-01-29 $54.390

Cigarette company that is the domestic business of PM-N, but MO-N has not done as well.  They have a ton of free cash flow and pay a good dividend.  They could continue to do well. 

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Unknown View
TOP PICK MSFT-Q Microsoft Market Call Tonight (BNN TV) 2015-01-29 $42.010

Earnings came out and the stock came down.  Windows 10 is coming out.  3% dividend yield and 15 times earnings after you take out the cash.  The Surface continues to be a big hit for them.  MSFT-Q is the thing you want to own in a difficult environment.  They have no debt.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Yes View
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