Viewing Expert Stephen Takacsy, B. Eng, MBA | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Stephen Takacsy, B. Eng, MBA , Chief Investment Officer & Portfolio Mgr

Lester Asset Management

Address
1800 McGill College Avenue
Suite 2102
Montreal, Qu
H3A 3J6

Contact Info
Telephone: 514.849.5566
Toll Free: 1-866.849.5566
Fax: 514.849.4016
Website: https://www.lesterasset.com/Home

Bio:

Stephen joined in 2006 to help establish new investment policies at the firm and to manage equity and fixed income portfolios. Prior to this,  he managed the assets of Groupe Laurem, including the cash proceeds resulting from the growth and sale of the control block of one of Canada’s leading entertainment companies where he was Senior Vice President and Chief Financial Officer. Stephen has a diverse career in finance including Investment Banking at Richardson Greenshields and Corporate Banking at Royal Bank of Canada. He has extensive experience at analyzing and assessing the value of companies in many different industries and sizing up management and their business plans, a skill set that enhances our clients' returns. Stephen was Chairman of the Finance Committee of Loyola High School and a long time member of the school’s Board of Governors. He is currently a member of the Board of Governors of The Marianopolis Millennium Foundation and Chairman of its Investment Committee, as well as a director of BeaverTails Canada Inc.


Date Signal Chart Symbol Company Opinion Price
2017-06-26 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Stocks aren’t cheap but where else are investors going to invest.  It is more and more of a stock picker’s market.  It will be tough for Trump to accelerate US growth to 4%.  Canada is doing far better.  Stimulus spending and tax cuts are temporary.  We are probably in low inflation for the rest of our lives.  There is a lot of government debt.  There is too much stuff in the world and not enough people to buy it all.  He feels tech specialty companies are the way to go.  We are running out of tech names in Canada, however.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
_N/A
2017-06-26 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Fixed income is very tough.  You are earning next to nothing on government bonds.  He focuses on high yield but keeps getting the companies redeeming them early.  He was picking away on beaten up preferred shares.  He suggests keeping your duration very short.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2017-06-26 STRONG BUY Must be logged in to use chart ADW.A-T Andrew Peller

It got ahead of itself.  He is buying it at these levels and it is one of his biggest positions.  Wine is the fastest growing beverage in Canada.  It is a very good business and very well managed.  It is a good time to get in.  Their kits for home winemaking is a very good business.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Yes
2017-06-26 BUY on WEAKNESS Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

It is the renewable energy space and power / water utilities so only one side of the business is regulated.  There are a lot more acquisitions yet to come.  The dividend will continue to grow and there are organic growth prospects.  It is a little pricey so buy it on dips. 


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2017-06-26 DON'T BUY Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

It is a great success story.  They have done a good job of consolidating the industry on a global basis.  There is not a lot of organic growth and gasoline margins are very thin.  30-40% of sales are from tobacco so he has an ethical problem with it.  They have benefited from other retail not selling tobacco.  It is not an attractive business, nor is it attractively priced.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
No
2017-06-26 PAST TOP PICK Must be logged in to use chart BAD-T Badger Daylighting

(Top Pick Jun 29/16, Up 14.70%) He thinks manipulation is going on.  You should load up the truck on it.  This is a great business.  They are growing profitably in the US.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Yes
2017-06-26 DON'T BUY Must be logged in to use chart BB-T BlackBerry

They are in fast decline and some of the new businesses they want to get into have no guarantee of making up for the declining business.  It is a tech stock, is very uncertain and is too risky.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2017-06-26 WATCH Must be logged in to use chart CJR.B-T Corus Entertainment (B)

They are coming out with results today or tomorrow.  He feels the next couple of quarters will show some growth, in which case it is very undervalued.  The advertizing revenue should start to go up.  The high yield is sustainable and is not a warning sign.  There should be some really good upside here.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2017-06-26 DON'T BUY Must be logged in to use chart CJT-T Cargojet Inc

They have high barriers to entry.  It is a virtual pipeline in the sky.  The stock is quite pricey now, however.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2017-06-26 PAST TOP PICK Must be logged in to use chart DBO-T D-Box Technologies

(Top Pick Jun 29/16, Down 52.23%) They just had a great quarter but the backlog went way down in the commercial movie theatre side. The backlog is now way up.  The year was disappointing, however.  Growth is enormous for them now.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Yes
2017-06-26 WATCH Must be logged in to use chart DHX.B-T DHX Media

He follows it closely for the children’s content space.  They did a great job of monetizing content.  They have been on an acquisition binge and have to keep acquiring content to keep the ball rolling.  They have quite a bit of debt and have to pay that down quickly.  The stock has come down a lot and it is coming close to a buy.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
No
2017-06-26 BUY Must be logged in to use chart EMA-T Emera Inc

It is a really defensive name with a great yield.  They are a really diversified power producer in the North East US and Eastern Canada.  They should be able to grow the dividend over the next year.  It is a really well managed company.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Yes
2017-06-26 TOP PICK Must be logged in to use chart EQB-T Equitable Group

It was caught up in the HCG-T issues.  The short sellers started pouncing on these players.  They secured loans at very low interest rates.  They pre-empted potential contagion in the industry. They are getting so much new business that they can cherry pick their new customers.  It is trading just above book.  (Analysts’ target: $62.00).


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Yes
2017-06-26 DON'T BUY Must be logged in to use chart GEI-T Gibson Energy

They are more transportation than pipeline.  It is a little riskier.  The dividend is safe but the growth is a little more challenged.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
No
2017-06-26 BUY Must be logged in to use chart INP-X Input Capital Corp

Management are really sharp guys.  Canola prices have remained quite stable for some time.  This is early days for this company.  They are barely scratching the surface with all the farmers out west.  This is the time to buy if you want an agricultural stock.


Price:
$0.000
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Yes
Showing 1 to 15 of 426 entries
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