Table View - Opinions in Detail

Money has moved out of the Bond market, and into large cap defensive equities.  They are defensive in terms of the volatility of their cash flow,  but there comes a time when they are less defensive.  He thinks that there are specific stocks that are worth adding to a portfolio. Something that has a strong balance sheet that can survive a slow growth market, but still able to grow if the market improves.

Doesn't see a correction in the near future, and if we do pull back, that represents a buying opportunity

Nice entry point due to planting season concerns, the  "Jana Drama" with the hedge fund and concerns of natural gas going up.   A very good footprint on the retail side. A couple of expansion programs are coming to an end, leaving more cash flow, which will go to share buy backs and dividends.

The dividends are in question over the long term, would not buy for the dividends.

Not a bargin here,  it's still got a great yield and the dividend will keep growing. But the earnings growth will start to slow.  It's right near a new high.

He is moving his money outside of Canada and Scotia Bank has a large footprint in Latin America. Likes the prospects of outside of Canada currently.

A small drilling company, with a very strong balance sheet. Have got horizontal drilling rigs, and if things turn up they will benefit.  Efficient operators with high quality top performing rigs.  Prefers the smaller guys as they fly under the radar, and have good relationships with the massive amounts of equipment. Could see $6 to $6.50 depending on what happens in the oil.

Has done a good job growing the concession side of the business. This year has been a poor year for movies. Thinks it is expensive now.

Recommended at $52.35 now $65.86, up 27.95%  An American company based in Ireland for tax reasons. Creates health care products, used in surgery or doctors offices. They sensitive to the economy because when people aren't working they tend to put off surgeries. They are splitting off their generic drug division, which he views as a very positive move.

Is the old Chessy system railroad in the US. He is positive on railroads. If you thnk the US economy is picking up, then a railroad will also pick up. One difference between CSX and a Canadian railroad is they are tied in to coal shipments and that's been a little depressed. It's yield is 2.3% and has grown it's dividend 24% over the last 5 years.

The dividend is sustainable, and they are growing across Canada. He views it as a staple as opposed to a discretionary stock.

Favours this over Fortus for growth in Labrador and Newfoundland, will be better dividend growth and value growth.

It's expensive, but it's been expensive for long time.  Expects it to grow 10% over the next year, but wouldn't rush into it at this point.  $44 would be a better entry point.

World wide engineering company, probably the biggest in the world. He would take money out of Fluor and put it into SNC-Lavalin Group. He feels that all the negative press SNC has been having is actually old news, and it's pushing the stock down past where it should be.  Has a lot of confidence in the new management.

Favours Emera over Fortus for dividend growth.

Goodyear is tied into new car sales, and miles driven (need replacement tires more often in a good economy). As the economy increases it will be good for Goodyear as well.

The company is no bargin here. The company continues to grow, but is too expensive now.

Likes life insurance over the banks. See interest rates going up eventually. Equity markets going up as well, which is also positive for them.

Thinks there is no better business to be in then tobacco. Margins in the business are fabulous.

Doesn't like the Canadian banks currently, earnings growth is muted. Much prefers the US banks.

Is luke warm on the cable companies, because of the incursion into the TV market by the telcos. Plus the additional competition from Netflix. Doesn't care for the fundementals of the company.

Recommended at $37.32 now $42.04 up 15.17% Bought a bit early, but still feels it's a great buying opportunity.  They will be fined a lot of money, but their balance sheet can take it. They have new contracts coming on.

Was at 60.11 now 37.34(split) up 16.46% The government has been trying to get small players into the market, and these are being acquired by the bigger telcoms.  It's pretty fully valued here. So he wouldn't buy it now.

Will benefit from the reduction in heavy oils. Like Batex only with a smaller price. A long term hold. If oil stays at it's current levels, we could see $3 easily.

Doesn't own any airlines, because airlines are trades at best, but not a long term investment.

His investment style is value driven, staying away from the index. So very low banking and resource exposure. Tends to invest in sectors that are underrepresented in the index. Won't be talking about banking and resources because, resources are very volatile, and there are better opportunities then banks for dividend yields. The world stock market is anticipating too optimistic an economic scenario. China is devaluing their currency, US is pumping money into the economy and it's barely growing. Try to avoid companies that depend too much on export market. Tend to stick to domestic companies that rely on the Canadian economy. The European and German money is starting to come to Canada these days.

Recommended at 571.72 now 434.58 down 22.35% They did a share purchase plan a few weeks ago, which put a floor on the recent drop in share price.  Still some catalysts, Apple TV, Iphone. Have started buying it for new clients recently. The growth won't be as big as it has been in the past.

They put up wireless towers, are considered a REIT, and a cash cow. In 5 years there will be more smartphones and tablets out there.

One of the fastest growing power producers. Likes because it's not paying a dividend, so can get in at much cheaper valuations then it's peer groups, and it's also the fastest growing.  Will be doubling it's capactity in the next three years.   At some point will be paying a dividend, probably in the next 12 to 24 months which will drive the stock higher.  Sees it going to $20 to $25 range in a couple of years. Mostly in wind power in France, and thermal power in Canada. Have their biggest project, a wind farm in Quebec going on stream at the end of this year. This is the end of phase one which is the biggest phase, will be complete, which will probably give a dividend in the next 3 years.

Cisco ranks well in their ranking system.  If you don't own it, don't buy it's too high right now. Tech sector is one of the more undervalued sectors now.

Have held for a long time.  Up 30% with a dividend over the last 12 months. Their strategy is to acquire all the premium names they can. Really not a lot of competition in their space.