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

Viewing Expert

Ross Healy , Chairman

Strategic Analysis Corp

Address
20 Eglington Ave W. Suite 1400
P.O.Box 2003
Toronto, ON
M4R 1K8

Contact Info
Telephone: 416-489-3603
Toll Free: 1-877-214-5641
Email:
Website: http://www.strategicanalysis.ca/


Date Signal Chart Symbol Company Opinion Price
2017-09-01 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. From a structural point of view, when the market is a Jenga Tower, the internal supports for the market are steadily weakening as the little pieces are poked out. For instance, take the phenomena of the ETF’s. An ETF is a default position and instead of buying one thing, you buy the whole darn thing. Therefore structurally, ETF’s tend to favour the most expensive stocks, which creates a momentum in the market. Stepping back from the tower altogether is a possibility, and given the extraordinary valuations of some of the leading stocks, it probably wouldn’t be a bad thing. The problem is, when is the tower going to fall? Also, are there any investments still around that actually do make some sense and may well survive the tower? His 3 picks today, which have good balance sheets, are cheap and have good upside potential. That is the best anyone can do.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
_N/A
2017-09-01 HOLD Must be logged in to use chart AC-T Air Canada

Buy, Sell or Hold? There is kind of a question mark to the stock. First of all, based on current earnings forecasts, there is a huge upside potential still ahead. The industry is as cyclical as the dickens when you get very high valuations on a Price to Book basis. This one is trading at about 3X its BV. The long-term peak on the stock has been 2X. Historically this tends to be dragged down again to its typical level. The issue with Air Canada is that their balance sheet is okay, but it isn’t fantastic. When they have got an extraordinarily high P/B ratio, they should be raising all the equity they can possibly get. They should build up their fortress and get ready. If you own, have a Stop/Loss of about $20.


Price:
$23.240
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-09-01 BUY on WEAKNESS Must be logged in to use chart AD-T Alaris Royalty

When the earnings were growing nicely, the stock was rising and actually went up to 2X BV. However, since that time, nothing much has happened and the earnings have flatlined and the stock came down quite a bit. It actually fell down to its BV at about $19.50-$20. It has now had a nice bounce, because it has a nice yield too. If this fell back to $19-$21, he wouldn’t mind buying it.


Price:
$21.960
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-09-01 TOP PICK Must be logged in to use chart AGI-T Alamos Gold Inc

He chose this gold company because it is trading close to its BV. Its last earnings report was really, really good. This is a company that has been working hard to reduce costs, and has been very successful. They’ve been doing a tremendous job as a mine, and if they get a rise in commodities, the earnings power will go up. Dividend yield of 0.2%. (Analysts’ price target is $13.25.)


Price:
$10.270
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-09-01 PAST TOP PICK Must be logged in to use chart CUF.UN-T Cominar Real Estate Inv Tr

(A Top Pick Oct 11/16. Up 1.31%.) This gain is primarily due to the distribution. The capital value is off about 8%-9%, and the distribution has basically put you flat. The REIT is a very cheap now. They had some technical problems which are now behind them.


Price:
$13.610
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-09-01 TOP PICK Must be logged in to use chart CUF.UN-T Cominar Real Estate Inv Tr

Had a ratings issue with Moody’s, but have been dealing with that. They cut back the pay-out unnecessarily, but as a sot to the rating agency. As things get going again, this is a very, very cheap REIT. On top of that, Québec, is really humming on all cylinders. They are making excellent progress in reducing unreleased space to bring its occupancy level to the average for the industry. Dividend yield of 8.4%. (Analysts’ price target is $14.)


Price:
$13.610
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-09-01 COMMENT Must be logged in to use chart ECA-T Encana Corp

Broadly speaking, he doesn’t care for oils, or even the gassier oils. Because of their product mix, the earnings forecasts for this company have been rising quite rapidly, although they are slowing down now. It had an enormous run last year, but is now softening away from that as the price of oil backs off to the $50-$51 area.


Price:
$11.660
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-09-01 COMMENT Must be logged in to use chart ELD-T Eldorado Gold

This company has a problem if its mine is going to be licensed by the Greek government, and it is going through all kinds of hoops. Every other day they appear to lose and gain a little bit. If this doesn’t go through, they are pretty much dead. This is “mad money”, not “investment money”.


Price:
$2.560
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-09-01 PAST TOP PICK Must be logged in to use chart G-T Goldcorp Inc

(A Top Pick Oct 11/16. Down 7.53%.) He still likes this, and wouldn’t hesitate to keep on holding it. Thinks that everybody should have about a 10% exposure to gold in their portfolio. He tends to like the leverage in some of the smaller players.


Price:
$17.020
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-09-01 BUY on WEAKNESS Must be logged in to use chart GIL-T Gildan Activewear Inc.

For the last 5 years, the FMV has been sort of a fulcrum around which the stock has been trading. That fulcrum now is $36. The stock had a nice little run and is now backing off. He wouldn’t be surprised, given the history, that we are going to see further weakness. Wait for the $33-$34 area where you could get a good buying opportunity.


Price:
$39.050
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-09-01 COMMENT Must be logged in to use chart IPL-T Inter Pipeline

Technically, this is a bit on the weak side. However, around $23, it is probably not bad. However, if it fails to hold there, beware. The stock will be going to $18-$19.


Price:
$23.120
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-09-01 COMMENT Must be logged in to use chart LNR-T Linamar Corp

What is not to like about this? It has a low P/E ratio. It has huge upside potential based on its current earnings forecasts, and trades only at about 1.5X BV. Why is it trading down here with all that value? It has huge FMV if you look at the current earnings. However, investors remember what happened in 2008-2009, when the auto industry crashed, and went down big time. Statistics on automobile lending are frightening. If interest rates ever start to go up, it is really going to put a spanner into the works for autos. His guess is that we are at the peak. When it gets there, we typically get a cyclical correction.


Price:
$70.370
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-09-01 COMMENT Must be logged in to use chart MAG-T Mag Silver Corp

Market timing? Is now the time to buy something like Mag Silver (MAG-T) and buy something like Manulife (MFC-T) after a market correction in Sept/Oct? Trying to time this market is very difficult. If the Standard & Poor’s 500 Index breaks 2350, get out of the way. There is probably at least a 20% downside in the market, if history is any guide. That is 2.5X BV.


Price:
$15.720
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2017-09-01 PAST TOP PICK Must be logged in to use chart MET-N Metlife

(A Top Pick Oct 11/16. Up 17.29%.) The old high for this stock is quite a bit higher than it is right now, so 17% doesn’t cut the ice for him. Kind of a drop in the bucket.


Price:
$47.800
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-09-01 COMMENT Must be logged in to use chart MFC-T Manulife Financial

Made $1 billion a quarter for the last 5 quarters. Dividend is about 3.3%. Huge footprint in China. Rising interest rates. Stock price has gone straight down. Why is it not being rewarded for good earnings? You are asking the inexpressible. The value is there. Also, with the latest economic numbers out of Canada suggesting an interest rate hike, that will be very bullish for insurance companies generally. He likes the value in the stock.


Price:
$24.650
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
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