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
2017-09-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The BOC may have blown it by increasing rates so abruptly.  The CAD$ just blasted off and that is never a good thing when it moves too far too fast.  They need to telegraph the message better next time.  It will be harder on exports in the next few quarters.  He feels the proposed tax reforms are regressive, attacking small businesses.  It is extremely negative for the economy.  American stocks are very stretched in terms of valuations.  There are better opportunities in Canada.  He likes small to mid-sized companies that have leadership roles and are doing business in the US also.


Price:
$0.020
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
_N/A
2017-09-25 BUY on WEAKNESS Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

A core position for a long time for him.  He buys more on dips.  They should be able to grow for many years to come.  The dividend is in US$ and should continue to grow.


Price:
$13.090
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2017-09-25 WAIT Must be logged in to use chart CGX-T Cineplex Inc

Great management team that has been executing flawlessly.  One little hiccup can really hammer this stock.  All the cinema stocks have come down in North America.  CGX-T is looking at some high growth avenues like amusement centers to grow.  He is going to wait for a few quarters.


Price:
$38.530
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
No
2017-09-25 DON'T BUY Must be logged in to use chart CGY-T Calian Group Ltd

He used to own it a long time ago.  It stalled out and he sold.  It is finally getting traction again.  They are trying to diversify the business.  If they lose a big contract it could really impact the results.  The dividend is safe.  He would like to buy it much more cheaply but he would not buy at these levels.


Price:
$28.700
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Unknown
2017-09-25 WEAK BUY Must be logged in to use chart CJR.B-T Corus Entertainment (B)

In the last month all the broadcasters have come down substantially.  He thinks they will come out with pretty good results over the next few quarters.  There are a lot of cost synergies that they should be able to squeeze out after their Shaw acquisition.  Subscriber growth has been seen over the last year.  You are getting a nice 8.9% dividend that he feels is safe.


Price:
$12.890
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Unknown
2017-09-25 PAST TOP PICK Must be logged in to use chart DBO-T D-Box Technologies

(Top Pick Sep 22/16, Down 54%)  They hit a bit of a speed bump as a lot of theatres are upgrading their seats to reclining ones.  They have adapted their product and so should recover over the next few quarters.  He thinks there is a deal coming with AMC theatres as they are now advertizing that they use DBO-T seats.  It is a great time to buy.


Price:
$0.350
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2017-09-25 BUY Must be logged in to use chart DOL-T Dollarama Inc.

One of the only retailers that is AMZN-Q proof.  It is a tough one for a value investor to buy.  You have to be careful if they ever did disappoint.  You have to keep your eye on it.  The valuations are way too high for his style of investing.


Price:
$136.270
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
No
2017-09-25 WEAK BUY Must be logged in to use chart ECN-T ECN Capital

It was a spinoff of Element Financial.  He buys when it dips below $4.  They are getting into lending for home renovations.  They are quite undervalued.  It remains to be seen how fast they can grow the company from here.  There is some good long term value creation in the name.


Price:
$3.960
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2017-09-25 BUY on WEAKNESS Must be logged in to use chart EQB-T Equitable Group

It has been thriving.  It is an extremely well managed and well capitalized company.  Their business is growing dramatically.  Buy it whenever it is below book value.


Price:
$55.450
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2017-09-25 TOP PICK Must be logged in to use chart FOOD-T Goodfood Market Corp.

They have about 40% of the market.  They disclosed there are up to 31k subscribers.  They just went public in June.  They are full of cash and now increasing their distribution facility in Montreal 10 fold.  They will open a facility out west next year.  It would make sense for a large grocer to acquire this one to get into the business of direct delivery to the home.  They have great management.  (Analysts’ target: $2.63).


Price:
$2.480
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2017-09-25 DON'T BUY Must be logged in to use chart GUD-T Knight Therapeutics

You have to look at it as a very long term investment.  They are sitting on a war chest of cash and invest in many healthcare-related businesses.  Management is very smart and know what they are doing, but to move the needle they have to make a huge acquisition.


Price:
$8.590
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Unknown
2017-09-25 BUY Must be logged in to use chart KBL-T K-Bro Linen Inc

It is not interest rate sensitive.  There are big moats around the business.  They are modernizing several of their plants and can increase their margins going forward.  It is in a consolidation phase as new plants come online.  You will have to wait a few quarters if you get in.


Price:
$38.990
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Unknown
2017-09-25 HOLD Must be logged in to use chart KEG.UN-T Keg Royalties Income Fund

It has been very well managed and has been one of the better performers.  He is staying away from restaurants as they are expensive and have very little growth.  This is one of the better ones, however.  If you are happy with the dividend then hold on to it.


Price:
$20.070
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
No
2017-09-25 PAST TOP PICK Must be logged in to use chart LGT.B-T Logistec Corp

(Top Pick Sep 22/16, Up 6%)  Their volume of containers has expanded significantly.  Their environmental business has record backlogs.  It is a great entry point and he has been buying more.  Very high barriers to entry.  It is an infrastructure pay on two fronts.


Price:
$38.180
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2017-09-25 BUY Must be logged in to use chart NLN-T Neulion

The market is looking for them to make some bigger high profile announcements.  They have been growing the business at a good clip since losing the NHL last year.  He is expecting good things over the next few quarters.


Price:
$0.600
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
Showing 1 to 15 of 451 entries
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