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

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Implied Signal Stock Symbol Company Comment Source Program Airdate Airdate Price Opinions $ Goal Expert Program Topic Expert's Bias Own or Relationship Actions
  
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-03-31 $0.020

Markets. We are dealing with increased volatility in the stock markets. US stock market is trading at about 15-16 times. When you have ultimate yields below 2%, technically from that perspective, the yield from the equity markets is cheap relative to bond rates. In the US there is a 3%-4% GDP growth. Europe is not hurting by quantitative easing, which leads to higher equity markets. The Fed will most probably raise rates, but are not going to raise them aggressively. Just like last year, he thinks the winter was brutally hard for Northeast US and the Midwest, and that definitely impacts GDP growth. Like last year, he won’t be surprised to see 4% GDP growth in the US. European companies are actually making more money because of the opposite effect of US foreign exchange. We still haven’t seen the fall through of consumer behaviour on lower gasoline prices. When you add everything and the fact that rates are going to go up aggressively, he thinks there will be continued earnings momentum and the stock market should gently go up for the next 6-12 months. The most washed out sector is Canada, which has underperformed for 3 years. Considering where the US$ is, he would be a lot more comfortable deploying money into Canada. Valuations are slightly cheaper than in the US.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET _N/A View
WEAK BUY A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-03-31 $0.020

REITs. There are 2 situations. 1.) Alberta is having a slow down and 2) office and retail seem to be having problems, especially retail, because of e-commerce. That is going to take years to deploy, but it is kind of gnawing at the fringe. When interest rates go up, REITs get hurt, but from a valuation they are neither cheap nor expensive. He would say they are in the 7th inning of a 9 inning game. He wouldn’t expect much from them.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Unknown View
DON'T BUY AAR.UN-T Pure Industrial Real Estatetrust Trust Market Call (BNN TV) 2015-03-31 $5.050

This is a play on industrial space, which at some point in time can be great to own, but at other times not. However, this is trying to focus and grow more into the US. Good managers. Distribution is safe as they only pay out around 70%-80% of their income coming in. At the late cycle that we are in, he would probably avoid this.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
BUY BEI.UN-T Boardwalk REIT Market Call (BNN TV) 2015-03-31 $58.950

Has been unfairly hit. Incredibly conservative. Doesn’t give as high a yield as Riocan (REI.UN-T), but they have the ability to buy back stock. Have been hurt by about 10%-15% because of Alberta. This is cheap and is probably worth $60-$70 once you look through this cycle.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Yes View
DON'T BUY BNS-T Bank of Nova Scotia Market Call (BNN TV) 2015-03-31 $63.540

His least favourite of the banks. It has a large exposure to Latin America and is focused on the global market in wholesale banking. The banking world is very competitive right now. This bank is well capitalized and well rated, but Latin America is under stress.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
TOP PICK BTB.UN-T BTB Real Estate Investment Trust Market Call (BNN TV) 2015-03-31 $5.000

Québec industrial, retail and office. The biggest knock is that they had over distributed and were overleveraged. 3 years later, they have increased their distribution. Have had good re-leasing of their properties. Have room to grow and to increase their distributions. Québec and Ottawa are doing just fine in this space. Yield of 8.7%.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Yes View
COMMENT CRR.UN-T Crombie Real Estate Investment Trust Market Call (BNN TV) 2015-03-31 $13.480

Fantastic assets. They are all mostly anchored in very defensive tenants. Consistency is fantastic. Gives a very good yield. In this late stage of the cycle, you probably want to go defensive. Only trading at around 15X AFFO. Not cheap, but not expensive.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Yes View
COMMENT D.UN-T Dream Office REIT Market Call (BNN TV) 2015-03-31 $26.350

Focuses on office, retail and a bit of industrial. They used to be focused only in Alberta, but have diversified out of that, but are still about 40%. He doesn’t like the story or their assets and thinks there is going to be real softening in their core businesses in Alberta. Also, doesn’t like the management agreement where they get paid on asset growth, not profitability. Company pays out about 90%, which is a little high, but distribution should be fine.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
BUY on WEAKNESS DR-T Medical Facilities Corp. Market Call (BNN TV) 2015-03-31 $17.100

Recently sold his holdings. They do surgical centres in South Dakota and Oklahoma. A little bit affected by Obama care, but these are specialized centres that get referrals. Have executed incredibly well. Had thought values were a bit stretched, and didn’t think they were going to repeat going forward what they had done in the past. Good managers. He would wait for a cheaper entry point.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
COMMENT EXE-T Extendicare Inc Market Call (BNN TV) 2015-03-31 $7.510

Sold their US holdings, so now it is a cleaner story. Has always thought that in the senior space, the simpler the better. They just acquired Rivera Homes which will help stabilize, as it is accretive to cash flow. As long as they continue executing, there is a chance this will continue going further. Valuation is cheap. They can certainly pay the 7%-8% dividend and there is probably some upside potential. He wouldn’t be surprised if institutions start gravitating towards this sector.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
DON'T BUY HCG-T Home Capital Group Market Call (BNN TV) 2015-03-31 $42.560

Would not want to own this in this late stage housing cycle. They deal with the subprime market. Recently missed their earnings. This space is a very competitive market.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
COMMENT INN.UN-T InnVest Reit Market Call (BNN TV) 2015-03-31 $5.770

Owns a lot of mid-tier hotels. Back in the days when there was a huge recession, and the Cdn$ was at an all-time high and US travellers were at an all-time low and with hotel properties always having to be refurbished, it was a terrible dynamic. Now we are starting to see US tourists come back. This is probably not a bad time to own. He wouldn’t own it because he still thinks it is too risky.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
DON'T BUY L-T Loblaw Companies Ltd Market Call (BNN TV) 2015-03-31 $61.920

4th quarter results were a little disappointing. Valuation trades at 18 to 20 times. Even though they are going to get a bump from Shoppers there is still chronic oversupply in the grocery store business. Too much competition. He would avoid this until it goes down at least 10%.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
PAST TOP PICK LNF-T Leon's Furniture Market Call (BNN TV) 2015-03-31 $14.610

(A Top Pick Feb 11/14. Up 1%.) Took half his position down, because it got ahead of itself at around $18. A fantastic company in one of the worst businesses. Furniture is terrible, so you want the best in class. About 30% of their stores are in Alberta, so there is expectation that furniture sales will go down. There is a partial truth to that, but they are well diversified geographically. He would probably be a Buyer rather than a Seller at this point. It’s early days, but there will be integration and synergies coming from the Brick acquisition.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Yes View
COMMENT LW-T Leisureworld Senior Care Corp Market Call (BNN TV) 2015-03-31 $14.830

This is generally a very solid business, because you have the province funding the healthcare costs. Good demographics. As a sector, it was always cloudy because of the US exposure, but now they have sold those off and it will be a clean sector. He wouldn’t be surprised if institutions start gravitating towards this sector.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
PAST TOP PICK MEQ-T Mainstreet Equity Corp Market Call (BNN TV) 2015-03-31 $37.570

(A Top Pick Feb 11/14. Up 2.74%.) This is a “wait and see” kind of story. Have a great balance sheet and are getting funding of about 2% through CMHC. Heating costs have dropped. Great management. Trading at about a 20% discount to its NAV, so it is outright cheap here. This is a buying opportunity.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Yes View
COMMENT PKI-T Parkland Fuel Corp Market Call (BNN TV) 2015-03-31 $24.870

Strong management. Great execution. They buy tuck in acquisitions as well as large acquisitions. This is all about the retail and the middle side of the oil processing such as fuel delivery. Lost the Suncor (SU-T) contract about 1.5 years ago, but have replaced it. Also, a conservative company from a payout perspective. Dividend is not only sustainable, but he wouldn’t be surprised, if they don’t do as much in acquisitions, they will increase their payouts.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Yes View
DON'T BUY REI.UN-T RioCan Real Estate Investment Market Call (BNN TV) 2015-03-31 $28.970

At this point in time this REIT is not one to consider. You are dealing with an onslaught of E-Commerce, and they own a lot of Big Box retailers. It is going to be a struggle. Its not going to kill their business, it’s just that the dynamics doesn’t help them. Great management. He prefers apartment REITs. (He owns their bonds.)

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Yes View
DON'T BUY S-T Sherritt International Corp. Market Call (BNN TV) 2015-03-31 $2.090

Bonds? He doesn’t own any thing in this company because of 1) the big Ambatovy mine in Madagascar took a little longer and the overall nickel market is terrible. 2.) He had owned their bonds because of their Saskatchewan assets, but once they sold off, it became a lot riskier. The underlying commodity has now sewered. For the bond, they have enough cash flow to do all right, but you need a recovery in the price of nickel.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
COMMENT STB-T Student Transport of America Ltd. Market Call (BNN TV) 2015-03-31 $6.860

Just announced they got a big contract in Colorado. Issued equity to pay down their convertible debenture, so they want to get their debt down. Stock has gone sideways, which it is supposed to do, because it is a very steady business. Valuations are not extreme. One the things that helps them is that fuel costs have dropped substantially. Yield of around 6%-7%. Looks interesting.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET No View
HOLD SU-T Suncor Energy Inc Market Call (BNN TV) 2015-03-31 $37.010

This is all about oil prices. Oil companies have actually outperformed the oil price, because they are looking on a forward curve. This is one of the best managed and best asset classes for oil and gas development. In the current situation they will probably view the current situation as an opportunity to acquire cheap assets.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Unknown View
COMMENT TD-T Toronto Dominion Market Call (BNN TV) 2015-03-31 $54.210

In his opinion, this and Royal (RY-T) are the best in class. You not only get stability from the Cdn retail, but also half their assets are in the US. They are just beginning to get synergistic between the 2 countries. Cheap relative to Book Value.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Yes View
TOP PICK TMC-T Timbercreek Mortgage Investment Market Call (BNN TV) 2015-03-31 $7.940

(A Top Pick Feb 11/14. Down 7.12%.) This is a mortgage investment Corp. Has been hurt because they had prepayment issues last year. Has heard that insiders have been aggressive buyers of the stock. A good asset class to own. Yield of 9.33%.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Yes View
TOP PICK XSR-T Canadian Satellite Radio Market Call (BNN TV) 2015-03-31 $5.500

This has been hit too hard and there is real value in it. Came out with weaker numbers and a higher churn last quarter. He believes there are one-offs that will help fuel the growth. The US Sirius XM is hitting new highs, so there is a disconnect between Canada and the US. With new car sales growing and with the used car market they are focusing on, this is a great free cash flow story. Trades at about a 20% discount to its US counterpart. Dividend yield of 7.69%.

Paul Gardner, CFA LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME BULLISH on CANADIAN MARKET Yes View
PAST TOP PICK 4755-JP Rakuten Inc Market Call Tonight (BNN TV) 2015-02-24 $0.000

(A Top Pick Nov 4/14. Up 48.3%.) The AliBaba (BABA-N) of Japan. They have been making some interesting acquisitions.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Yes View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-02-24 $0.020

Economy. With a pullback in commodity prices, the whole economy has been getting a lot of tailwinds, which has been reflected in some of the companies related to manufacturing in the US as well as retailers. Energy has affected the US equity markets such as Starbucks, fast food companies, retailing groups, which are all hitting new highs. Right now it becomes a difficult exercise to pick the winners. Valuations look stretched to him, but he thinks there is room to grow from where we are.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC _N/A View
TOP PICK AIG-N American International Group Market Call Tonight (BNN TV) 2015-02-24 $55.040

There are some interesting tailwinds that he sees in their balance sheet. He thinks you could see this continuing to grow. Book Value had a recalibration in the last 2 quarters. Growth in Book Value is what you are looking for in companies like this. Yield of 0.91%.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Yes View
TOP PICK ARE-T Aecon Group Inc Market Call Tonight (BNN TV) 2015-02-24 $11.470

Got hit badly on account of its whole Western Canada theme where everything was thrown into the dustbin that had the name energy written on it. This is one of the babies that fell into the bath water. A lot of analysts have been revising their target downwards, but there are a bunch of catalysts in this company. One is a 45% ownership of an airport concession as well as its construction business and its backlog. Yield of 3.14%.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Yes View
WATCH BABA-N Alibaba Group Holding Market Call Tonight (BNN TV) 2015-02-24 $84.690

This is going to be a good company with the surge in e-commerce. Had a very good run, post its IPO, but pulled back because of litigation issues. The factor that could drag this company is the reporting and lack of clarity sometimes. If you get past that hurdle over the next 2-3 quarters, you could see a snap back in the name.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
COMMENT BLK-N Blackrock Inc. Market Call Tonight (BNN TV) 2015-02-24 $378.110

Dividend seems to be very high. They have benefited immensely from pretty smart investments in real estate. Now they have come up with 2 big energy funds. Because of its historic investments, the dividend quality will now need to be assessed.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
DON'T BUY GE-N General Electric Market Call Tonight (BNN TV) 2015-02-24 $25.390

Earnings and revenues seem to be flat along with its metrics. The chances of it breaking through $25-$27 are remote.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
PAST TOP PICK GLW-N Corning Inc Market Call Tonight (BNN TV) 2015-02-24 $24.780

(A Top Pick Nov 4/14. Up 20.4%.) The rationale was its whole exposure to Gorilla Glass, and now the new business, potentially automobiles and other businesses that they are getting exposure to. Good dividend name with power to grow.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Yes View
PARTIAL SELL IFC-T Intact Financial Market Call Tonight (BNN TV) 2015-02-24 $88.650

Had a very good run because of the macro economic tailwinds. Fundamentally has a strong management team and it is growing. Stock looks pretty toppy at these levels, but on a fundamental basis it stacks up quite well when compared to others. A good entry point is when it is trading below Book Value and you exit when it is trading at a premium to Book Value. Currently it is trading at a good premium to the Book Value, so it is not a bad idea to take some money off the table.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
COMMENT LNR-T Linamar Corp Market Call Tonight (BNN TV) 2015-02-24 $77.090

Has always liked this. There is room to grow for all companies connected to the auto industry. Fundamentally the balance sheet is stronger than ever. Has had a very good run. If you are looking at it from a dividend paying perspective, the yield has basically dropped to nothing right now.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
DON'T BUY LYG-N Lloyds TSB Group PLC Market Call Tonight (BNN TV) 2015-02-24 $4.890

A turnaround situation. There is a catch up in terms of companies that are recalibrating their business and operating efficiencies. Coming close to trading at a higher premium to its Book Value. You need to focus on the earnings power of the company and the return on investment equity. His concern is that there is still room to feel more comfortable given the massive amount of headwinds that these institutions are facing. He would be a little cautious.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
PAST TOP PICK MFC-T Manulife Financial Market Call Tonight (BNN TV) 2015-02-24 $22.010

(A Top Pick Nov 4/14. Up 5.2%.) This has to decouple from the interest rate outlook to the value proposition. He thinks there is still upside on the stock. From a pure Book Value, pure Coverage Ratio and pure Earnings Power with its exposure to Asia, it still looks interesting to him.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Yes View
DON'T BUY MU-Q Micron Technology Market Call Tonight (BNN TV) 2015-02-24 $30.770

Stock got hit today because word came out that Samsung, not this company, will do most of the DRAM work for Apple. It looks like a massive deal that Apple has put together. Given the value and the run up in the company, he expects the impact will be felt. He would be cautious right now.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
COMMENT NKO-T Niko Resources Market Call Tonight (BNN TV) 2015-02-24 $0.510

This has been a pack of cards falling through. There is kind of an option value building into this company because of its whole macroeconomic play with its geographic location close to some of the basins in India. Fundamentally the balance sheet looks really stretched. They would need a lot of help on the capital markets side in terms of financing alternatives. Trades at a Price to Book of about 6 times.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
TOP PICK NSRGY-OTC Nestles Market Call Tonight (BNN TV) 2015-02-24 $0.001

Chosen on the basis of a peer group comparison. Showed up very well in terms of loading its working capital needs, cost-cutting and a pullback because of the Swiss franc trade on the foreign exchange side. Yield of 3%.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Yes View
BUY on WEAKNESS PPL-T Pembina Pipeline Corp Market Call Tonight (BNN TV) 2015-02-24 $39.820

Has always been an admirer of some of these pipeline stocks. At the current level, it seems a bit overvalued. Dividend quality is stronger now given the pullback in the stock. Mid-$30 would be a good entry point.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
COMMENT RHHBY OTC (US) Roche Holding AG Market Call Tonight (BNN TV) 2015-02-24 $0.000

This is interesting right now based on the value proposition that is going into the pharma space. They have a lot of M&A activity there. This has some growth potential because of breast cancer. Fundamentally the company looks solid and the dividend looks good.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
COMMENT RUS-T Russel Metals Market Call Tonight (BNN TV) 2015-02-24 $25.210

This is more tied into iron ore prices rather than energy. With iron ore prices dropping, stocks like this tend to get tarnished by the same brush as iron ore. This looks undervalued. The challenge would be the quality of its dividends. How well are they able to generate the cash flow to pay their dividends?

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
BUY SAN-N Banco Santander SA Market Call Tonight (BNN TV) 2015-02-24 $7.310

A Spanish bank, but actually has exposure in Brazil. This is in a decent space here right now.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
COMMENT SAP-T Saputo Inc. Market Call Tonight (BNN TV) 2015-02-24 $36.270

Great company and has always created value for its investors. Balance sheet strength is very good. Ability to grow revenues is pretty strong. A company in food processing, that shows a 20% increase in revenue, is always going to be a good company. For a 2-3 year time horizon, this is a very good name to own. The only headwinds it could face is the spread between input costs and processing costs.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
COMMENT SNC-T SNC-Lavalin Group Inc. Market Call Tonight (BNN TV) 2015-02-24 $39.690

Clarity is still needed on some of the issues surrounding this company. This is a great company. Until there is clarity, it is hard to do anything on the stock right now. (See Top Picks.)

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
WATCH SW-T Sierra Wireless Market Call Tonight (BNN TV) 2015-02-24 $47.590

Has been a great company in the last 3 years. They stumbled and fell apart early on, only to recapture its business as it moved into machine-to-machine and the Internet of Things. They made a very tactical change in their strategy when they acquired 2 companies in Europe, and the stock has worked very well ever since. He likes the story and thinks there is room to grow. The value proposition will be clearly understood after they report on the 1st quarter. Wait to see what the company does in its 1st quarter. Every time the stock drops below $40 that is a good entry point.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
COMMENT VRX-T Valeant Pharmaceuticals Market Call Tonight (BNN TV) 2015-02-24 $251.530

Has a very interesting strategy which the market seems to like and which makes money for its investors. Made roughly about 2 dozen acquisitions in the last 2 years. Likes the exposure they get through some of their companies in Asia. We are not seeing the same impact in health care segment in Asia as we are seeing in the commodity cycle, and this company has really capitalized on that. He has a problem with companies that are not growing organically, but at the same time their earnings growth has been working in their favour.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
BUY ZUD-T BMO US Dividend Hedged to CAD Market Call Tonight (BNN TV) 2015-02-24 $19.220

This dividend ETF looks interesting in terms of its components. Has been attracting a lot of fund flows.

Prakash Hariharan GLOBAL EQUITIES & DIVIDEND PAYING STOCKS OPTIMISTIC Unknown View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-23 $0.020

Interest rate drop. How does this look with the new issues of banking preferreds, high-yield, corporate debt, etc. You are looking at much, much lower yields, but he thinks there is a limit there, but doesn’t know what it is.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-23 $0.020

Bonds. Canadian bonds went up something like 9% last year, but that was a rebound from a weak 2013. We actually had a negative return on the Canadian bond index in 2013, and people in the bond market had thought this was the end of the low interest rates that we saw in 2013. In 2014, we realized that tapering wasn’t a bad thing that everybody thought it was, so we had a really hard rally down again when interest rates dropped. 8.8% total return, on the Canadian bond index last year. He is overweight on the corporate bond markets, where spreads haven’t compressed yet.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-23 $0.020

What do “D+18” and “FF” mean in corporate bonds? FF is a “Fixed Floater”, which means the bond is fixed for a certain period of time, and after that time it begins to float. In Canada it is a rare for it to go past the fixed point. The D+18 means the company has the right to Call that bond at the Deposit Rate +18 basis points. This is usually quite a bit tighter than where the market usually trades the bond.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-23 $0.020

$5000 in an RESP to run for 13 years. Suggestions? He would suggest looking at either a fund or an ETF. You could also look at individual preferred shares.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN _N/A View
TOP PICK ALA.PR.G-T Altagas Ltd Market Call (BNN TV) 2015-01-23 $25.500

Preferred series G 4.75%. (ALA.PR.G-T). Energy pipeline. This is trading a little bit above par. It resets in 2019 and is 306 basis points, so you have the spread protection.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN Yes View
COMMENT BMO.PR.M-T Bank of Montreal (Preferred M) Market Call (BNN TV) 2015-01-23 $25.670

Preferred M’s? This is a reset, which went to reset in 2013. Started at a higher rate and then reset to a fixed rate at 3.39%. In this environment, it won’t reset again until 2018. The bad news on this is that he doesn’t think the bank would let it go to the next reset because of capital issues. This might be worth getting out of and then switching over to something else, perhaps insurance companies.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN Unknown View
PAST TOP PICK BMO.PR.T-T Bank Of Montreal (Preferred) Market Call (BNN TV) 2015-01-23 $25.470

(A Top Pick Sept 8/14. Down 0.77%.) BMO Floating Rate Preferred Share Series 17. Shouldn’t be volatile except when the bank of Canada rate drops. It was up on the year, but as soon as the interest rate cut came in, it dropped. This was a defensive strategy for people who thought rates were going to go up. It is still a pretty good substitute for a Money Market type of return, plus you get the dividend tax credit.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN Yes View
TOP PICK CCS.PR.C-T Co-operators General Insurance Co Market Call (BNN TV) 2015-01-23 $25.000

Preferred series C 5%. (CCS.PR.C-T). This can be redeemed in 2016 at $25. Currently trading at $24.31, below its par value. It gives you yield of 7.36%.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN Yes View
TOP PICK EMA.PR.E-T Emera Inc. Market Call (BNN TV) 2015-01-23 $24.000

Preferred series E 4.5%. (EMA.PR.E-T). A perpetual, paying about $1.25 annually. Has current yield of about 4.8%. Currently trading at $23.45 giving you over a 5.5% yield if they take you out in 2023.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN Yes View
PAST TOP PICK ENB.PF.C-T Enbridge Inc Market Call (BNN TV) 2015-01-23 $23.900

(A Top Pick Sept 8/14. Down 1.87%.) Enbridge Inc. 4.40% Series 11.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN Yes View
COMMENT ENB.PR.Y-T Enbridge Inc Market Call (BNN TV) 2015-01-23 $22.020

This company is a very large part of the preferred share market in Canada, roughly about 10% of the market. Enbridge Inc has done a “drop down” procedure that a lot of energy companies are doing right now. They took about $17 billion in assets and dropped them down to their subsidiary income fund. This caught investors and credit rating agencies by surprise. The assets don’t go away. Right now there seems to be a little bit of risk as to whether they will continue this procedure, but he thinks they are fine and the company is going to recover.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN Yes View
PAST TOP PICK GWO.PR.S-T Great-West Lifeco Market Call (BNN TV) 2015-01-23 $26.060

(A Top Pick Sept 8/14. Up 4.73%.) Great West Lifeco 5.25% Series S.

Randy LeClair BONDS & PREFERRED SHARES UNKNOWN Yes View
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