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

Viewing Expert

Jason Del Vicario , Portfolio Manager

HollisWealth


Date Signal Chart Symbol Company Opinion Price
2017-09-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. This is the 3rd largest bull market in history. We would be silly not to have a little cause for concern, given how long this bull market has been going on. He keeps a close eye on the yield curve, and an inverted yield curve has been a very good indicator of an impending recession. The inversion of the yield curve generally leads the recession by about 12 months. Based on his math, we are probably about 3-4 rate rises away from that happening, which in itself would probably take about one year. With that, we are probably 18-24 months away from the next recession, and he is cautiously optimistic as the equity markets seem to be quite strong lately. He is seeing short term rates rising more quickly than the 10 or 30-year, an indication of a much larger macro environment where growth is really slow. We are not seeing that in Canada in the short term, but there is a whole slew of reasons why world macro growth is likely to keep trending lower. In that environment, 10-year and 30-year rates will drop. Warren Buffett has suggested that if we are in a lower for longer interest rate environment, he believes markets are cheap, and has been putting cash to work in the market, which is really at odds with him being a value kind of guy.


Price:
$0.020
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
_N/A
2017-09-18 COMMENT Must be logged in to use chart AMZN-Q Amazon.com

One of the really interesting things is their economic moat. They own the online consumer, certainly in North America. On companies with wide economic moats, don’t get too cute on what price you should pay. Recent quarterly results were actually abysmal from a net income perspective. If looking to trade in the short term, you might wait for a lower entry point, but for a long-term hold, you could buy it at this level.


Price:
$974.190
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-09-18 PAST TOP PICK Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

(A Top Pick Aug 19/16. Down 3%.) Has basically gone nowhere over the last 2 years. However, their earnings continue to grow. A tremendously consistent return on equity generator at around the low 20%. If you can buy this below $60, you should. All it takes is for them to come out with an announcement of taking over another chain of convenience stores.


Price:
$60.040
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-09-18 COMMENT Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

A premier asset manager. They have the renewable partners along with all sorts of entities. His only caveat is that they seem to be always raising capital. When they go to the capital markets, that depresses the price in the short term. This is not cheap.


Price:
$49.350
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2017-09-18 COMMENT Must be logged in to use chart BLDP-T Ballard Power Systems

Historically there was a boatload of optimism in terms of the fuel cell technology. Over the long-term, the stock has really done not very much. BYD out of China, and others, have developed an electric bus. This is certainly worth keeping an eye on, given the recent strength.


Price:
$5.680
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2017-09-18 TOP PICK Must be logged in to use chart BYD.UN-T Boyd Group Income Fund

An auto body company, a very high ROE generator. The auto body business is fairly fragmented and this company has been a consolidator. He picked this because they have come off from their highs of about $102. A very, very well-run company. Dividend yield of 0.6%. (Analysts’ price target is $110.)


Price:
$91.620
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-09-18 TOP PICK Must be logged in to use chart CCL.B-T CCL Industries (B)

This has a core business in packaging and labelling. They did a transformational acquisition where they bought Avery Labels, and more recently bought Innovia out of the UK, which literally prints plastic money, in Canada, Australia and the UK. It has come off recently from its highs. They’ve been increasing their earnings and dividends. A very well-run company. Dividend yield of 0.8%. (Analysts’ price target is $68.50.)


Price:
$56.980
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-09-18 HOLD Must be logged in to use chart CRH-T CRH Medical Corp.

Had a tremendous run up to about $12, but got completely blindsided, and it pulled back heavily. Got stopped out around mid-$6. Thinks they are going to be okay long-term. There were some issues with insider selling at higher levels. If you own, continue to hold as it looks like it has bottomed.


Price:
$3.190
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2017-09-18 TOP PICK Must be logged in to use chart CSU-T Constellation Software Inc.

Debenture.Probably the best capital allocator in Canada. He likes this debenture, because it has a high yield of almost 7%. It is not well known and is under the radar. It also has an element of inflation protection. The yield is rather unique in that it is set at 6.5% plus the trailing CPI inflation rate. If you think inflation is going to pick up, you will get yield reset every year. Yielding 6.3%. (Note: This doesn’t qualify for the dividend tax credit, so Buy it in an RRSP, RIIF or a TFSA account.)


Price:
$687.000
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-09-18 PAST TOP PICK Must be logged in to use chart CZO-X Ceapro Inc.

(A Top Pick Aug 19/16. Down 70%.) Recently exited this. He likes what they do. They recently set up another plant, and thinks they have had some challenges with that. Results have been relatively weak of late, and he wasn’t terribly thrilled with the level of communication of management. However, it continues to be on his radar. Should their earnings pick up again, he would not hesitate to Buy it back.


Price:
$0.590
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2017-09-18 PAST TOP PICK Must be logged in to use chart DCM-T Data Communications Management

(A Top Pick Aug 19/16. Down 68%.) Still believes in this and is adding to his holdings at these levels. A turnaround story. Management has guided towards EBITDA of $18-$20 million for 2017. Where can you find a company with a market cap of about $25 million that has $275 million of revenue with an EBITDA of in the $18-$20 million range trading at a valuation of $25 million? Extremely undervalued. Thinks this could get up to the $3-$4 range if they are able to execute. They’ve shown indications of becoming consolidators in the industry. If they are able to pick up some assets for a reasonable price and achieve some economies of scale, they could be even greater than that.


Price:
$1.170
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-09-18 COMMENT Must be logged in to use chart DOL-T Dollarama Inc.

They’ve done a tremendous job of adding stores. They are relentless in testing things such as using credit cards, which they tested in a few stores, and found that the customer using a credit card spent more, which justified the credit card fee the store had to pay. Has an interesting partnership with a chain in Central America. Feels they are poorly understood by the street. ROE is over 100%. P/E ratio is probably in the mid to high 20s. Growing at 30%-40%. Probably fairly valued at these levels, but he likes them a lot.


Price:
$137.700
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-09-18 BUY Must be logged in to use chart ECI-T EnerCare Inc

Involved with leasing hot water tanks, furnaces, etc. to the consumer. An interesting business model. He could see them getting into solar. After the last earnings report, they sold off fairly heavily, which was a good buying opportunity. Dividend yield of 4.6%.


Price:
$20.600
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-09-18 COMMENT Must be logged in to use chart FB-Q Facebook

$1,000 in 5-10 years?An ROE over the long-term should also predict the movement of the stock price. For example, if a company has an ROE of 20%, they are increasing the value of the shareholder equity by 20% a year. 20% compounded over a ten-year period actually leads to a fivefold increase in the equity which, theoretically, should also lead to a fivefold increase in the stock price. If you were to multiply the current stock price of this by 5, that gets you relatively close to $1000. However, he doesn’t think it gets to $1000 over the next 5 years, but if they are able to achieve those ROE’s that they have in the past, it wouldn’t shock him. Thinks their runway for growth is long and very good.


Price:
$170.010
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-09-18 BUY Must be logged in to use chart KXS-T Kinaxis Inc

Recently bought this in the low $70. It peaked at around $90, and then sold off to the mid-$60. He waited for some technical strength, and then entered the name. They are involved with inventory management software. Sold off fairly heavily recently, about 4% on significant volume, so expects this is a good entry point.


Price:
$74.810
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 185 entries
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