Viewing Expert Jason Mann | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Jason Mann , CIO & Co-Founder

Edgehill Patners


Date Signal Chart Symbol Company Opinion Price
2017-06-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Had been constructive on the “value” trade all through this pullback, but it has carried on so long, growth stocks are really moving higher. Maybe the value trade isn’t coming back as quickly as he would’ve liked. Economic growth is not going to be there. Growth stocks tend to market late cycle “end of market” behaviour. There was a similar run up in growth stocks in 2015 (healthcare and FANG stocks), and 2016 was a particularly dangerous time for those types of stocks. People overpay for growth. Canada can’t seem to get out of its own way, and we keep having mini crisis, such as theoretical housing crisis, theoretical Short positions by speculators and weak energy stocks. All these things are weighing on Canada, but if you take a step back, it really is the “value” trade.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
_N/A
2017-06-28 COMMENT Must be logged in to use chart AAPL-Q Apple

A good example of a growth stock, but also a “value” stock. He looks at valuation, price momentum and volatility, and the stock has it all. It still has really good valuation.


Price:
$145.830
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-28 COMMENT Must be logged in to use chart AD-T Alaris Royalty

A royalty company that buys revenue streams from other companies by financing them. They’ve had some problems with a few of their streams. This is a Short for him. It has had a weak price momentum and the valuation just isn’t there. It needs a high-priced currency to be able to issue shares and pick up their revenue streams. Great yield of 8.1%. Valuation is getting better on a PE basis, but ROE is not there yet. It is expensive on a EV to EBITDA basis.


Price:
$21.890
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-28 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

This stock has been pretty weak. It is in the middle of the pack on price momentum, and valuation is not cheap either. The balance sheet is okay and you have a great yield. However, you are paying a pretty good price of 20X EV to EBITDA for a company that doesn’t have price momentum.


Price:
$29.800
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-06-28 COMMENT Must be logged in to use chart BIIB-Q Biogen IDEC Inc.

US healthcare for the long-term? As opposed to picking just one stock in a sector, your best bet probably is an ETF. If you are looking for an individual stock, one that he holds is Biogen. It is quite cheap relative to its ability to grow earnings.


Price:
$274.640
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-28 TOP PICK Must be logged in to use chart CCA-T Cogeco Cable

One of those stocks that hits all the boxes for him. It has strong price momentum, but still has great valuation, scoring in the top 10%. The only business they are not in is wireless. Cheap at 14X earnings and 16X ROE. Reasonably priced on an EV to EBITDA basis. They beat on their recent quarter and have some US growth opportunities with the cash flow that they generate. Dividend yield of 2.2%. (Analysts’ price target is $78.50.)


Price:
$80.120
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-28 COMMENT Must be logged in to use chart COST-Q Costco Wholesale

Retailers in general have been pretty stressed. They continue to miss earnings, and are hurting because of Amazon (AMZN-Q). This one is not quite in the same category as they have a bit of a moat. They are the leader in the membership model of large packaging and deeper discounting. Trading at a pretty good valuation. Good ROE’s up 22%. OK on a PE basis. Thinks this will be one of the survivors.


Price:
$160.170
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-28 COMMENT Must be logged in to use chart ENB-T Enbridge

Is the dividend safe? All these utilities tend to carry more debt, while the businesses are very stable. Their balance sheet is fine and the 4.6% dividend is not a problem. This falls into a category of being a small Short for him, because valuation is not cheap.


Price:
$52.560
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-28 COMMENT Must be logged in to use chart ERF-T Enerplus Corp

One of a handful of stocks in the sector that has held up reasonably well. Good valuation, trading at 6X EBITDA. They had a Beat in the last quarter. Decent balance sheet. Dividend yield of 1.1% which he is happy with until they start generating cash again.


Price:
$10.950
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-28 TOP PICK Must be logged in to use chart FM-T First Quantum Minerals

*SHORT* This is in line with his concern that the cyclical value may have peaked and may not be recovering in this cycle. Despite having a really good run from July to the election, this has really trended down. Their problem is that they have always had a lot of debt. Expensive on an earnings basis, trading at 43X trailing. A really low ROE. Highly volatile. (Analysts’ price target is $17.63.)


Price:
$10.880
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-28 COMMENT Must be logged in to use chart FTS-T Fortis Inc.

Great price momentum, but poor valuation. A utility, trading at low ROE, high EV to EBITDA, high PE. Buyers typically hold a stock like this for stability and for its yield. On those 2 measures, it has both.


Price:
$46.410
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-06-28 COMMENT Must be logged in to use chart HWO-T High Arctic Energy Services Inc

The key question is if the energy market turns around. If it did, this would be on the top of his list for stocks to own. They are in great shape on the balance sheet. It scores in the top 1% of valuation. This company will be a survivor. The problem is, he wants a stock that isn’t continually going lower every day.


Price:
$4.330
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-06-28 COMMENT Must be logged in to use chart ITP-T Intertape Polymer Group

There is no problem at this level. The balance sheet is in good shape. Currently it is a neutral for him, partly because Price momentum has been sideways. The value is also sideways. Expensive on a free cash flow basis and on a BV basis. If it had a few more good quarters and started showing more cash flow, it would probably end up on the Buy side for him. Dividend yield of about 3%.


Price:
$24.580
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-06-28 COMMENT Must be logged in to use chart MAT-Q Mattel

Has a small Short on this. It scores right at the bottom of the pack on price momentum. They are also at the bottom on valuation and volatility. An expensive stock trading at 3.2X. Had a big miss on earnings recently. The balance sheet is okay. Dividend yield of 3%.


Price:
$20.690
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-28 PAST TOP PICK Must be logged in to use chart MFC-T Manulife Financial

(A Top Pick June 3/16. Up 30.3%.) At that time, it had better growth than its peers and was trading at a discount. Also, insurers do well in a rising interest rate environment. Even though this is reasonably valued, it has lost its price momentum. He sold his holdings.


Price:
$24.080
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 313 entries
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