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Frances Horodelski
Aug 27 2014

The bulls say it isn’t closing time yet

By Frances Horodelski, Anchor
On BNN today we’ll be talking crickets, the next big trends in technology and fashion, e-books and what the Premiers will be discussing in PEI. Lots to do and say – join us.
Filed in: Investing Ideas » Continue Reading
Frances Horodelski
Aug 26 2014

Buffett knows a juicy return when he sees one

By Frances Horodelski, Anchor
We’ll continue to track the Tim Hortons and Burger King as terms of the deal have been announced with BKW buying THI for a combination of cash (C$65.50) and stock (0.8025 shares) for a value (based on last night’s close) of about $94 Canadian per THI share. Warren Buffett, who knows a juicy return when he sees one, is providing financing in the form of a $3 billion in return for preferred shares. The terms of the preferred shares are not available but when Berkshire participated in Heinz the coupon was 9%.
Filed in: Canadian » Continue Reading
Frances Horodelski
Aug 25 2014

How Canadian are you?

By Frances Horodelski, Anchor
There is a lot to focus on this morning but as usual, I’m late. Don’t be too bullish when everyone else is – but don’t be a contrarian just for the sake of being so. Watch the news, focus on the numbers, and remain balanced. And read up on the recent report from the St. Louis Fed that highlights buy & hold has outperformed return chasers by 200 basis points in the period 2000-2012. Return chasers are those who buy into asset classes at their highs.
Filed in: Canadian » Continue Reading
Frances Horodelski
Aug 22 2014

Dumb, dumber, dumbest

By Frances Horodelski, Anchor
Earnings season has begun for the Canadian banks. Royal Bank reported results of $1.64 per share versus an estimate of $1.56. The dividend was boosted by 4 cents to 75 cents per quarter (as expected by the consensus). According to Canaccord’s bank analyst, the beat reflected better trading revenues, advisory revenues and a one-time actuarial gain. The street often doesn’t “pay-up” for trading beats but we’ll see. Of note also is the return on common equity which was reported at 19.6% down from 21.3%.
Filed in: International » Continue Reading
Frances Horodelski
Aug 21 2014

Fed fatigue

By Frances Horodelski, Anchor
Today’s BNN line-up includes CEOs from Exchange Income Corporation, BuildDirect, Whooshh Innovations and Caldwell Investment Management. Our shows will also focus on the opportunities and expectations for the Canadian banking sector as Royal Bank kicks off reporting season tomorrow as well as our ongoing plethora of investment ideas.
Filed in: U.S. » Continue Reading
Frances Horodelski
Aug 20 2014

Buy the rumour, sell the news?

By Frances Horodelski, Anchor
In today’s news we have another group of retailers reporting with Lowe’s reporting a slight beat and affirming its outlook but lowering its same store sales outlook to 3.5% from 4%, although the street is already at 3.4%. Staples also reported a modest beat although same store sales were -5% versus an estimate of -3.3%. Target reported results that misses slightly, but more importantly the company dropped third quarter expectations by about 25-40% to 40-50 cents from the street’s 66 cents (ouch).
Filed in: Retail » Continue Reading
Frances Horodelski
Aug 19 2014

Keep your eyes on the prize

By Frances Horodelski, Anchor
The day has started with a bang. Equity markets are higher today pretty much everywhere (those quirky Italian traders however are seeing a bit of red) while Home Depot kicked off the week’s reporting season with a decent beat ($1.52 vs $1.45) and raised its January 2015 outlook to $4.53 (above the highest estimate on the street of $4.50). The stock is higher by 3%. BHP has provided details on its spin-off plans with a new company that will hold its “unwanted” assets including its aluminum, coal, manganese, nickel and silver assets. The new company will be listed on the ASX.
Filed in: Canadian » Continue Reading
Frances Horodelski
Aug 18 2014

Back to the real world (soon)

By Frances Horodelski, Anchor
The agenda this week will focus on a number of economic data points (in the U.S., CPI and housing data tomorrow and inflation and retail sales in Canada on Friday). More importantly maybe are the flash PMIs (Thursday) and even more important than that, Janet Yellen’s key note address at Jackson Hole on Friday morning and Mario Draghi in the afternoon (Ben Bernanke who did not show up at Jackson Hole last year, won’t be there this year either but will be speaking at a drugstore-chain exposition on Saturday!). We also get Federal Open Market Committee meeting minutes on Wednesday.
Filed in: » Continue Reading

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