Westport Innovations (WPT-T)

(Market Call Minute) Continuing acquisitions.

Natural gas engines for big trucks. As Canadians, we should be very happy and hope they are successful. As investors, it hasn’t been a very fun ride for their shareholders. Made a major acquisition last year. Doesn’t think either of these companies were successful commercially, so putting them together gave it a bit of a bump in share price. Also, when crude comes down, it is less attractive for people to switch to natural gas.

Has done very well since inception. Has benefited from the drop in our currency. You are benefiting from the resurgence in manufacturing in the US. They should change their focus to move toward the distribution center model. This is due to the amount of online shopping.

Every time it rallies it makes a lower low. The trend has been down for a number of years. It is a stock that is still challenged. If there is a fundamental change then it should start to pull up.

The uptake has not been as high as expected. Didn’t quite pan out. He has TSLA-Q.

On a short-term basis, there is nothing to indicate that anything is going to change on this one. The trend is down. Whatever the fundamental story that you are pinning your hopes on, it had better be a big enough catalyst and something that the market hasn't already discounted.

It was unfortunate that this had such a fall from grace, but he thinks it got caught up in one of those cult stocks. When it was up in the $40 level, they had to take on roughly 50% of the market share in order to justify their valuation if and when we did see a reasonable adoption of natural gas vehicles. They really don’t have that much of a proprietary technology. He is Short this stock.

Do they still have an R&D arrangement with Cummings? He believes the very long-standing relationship is still there. The stock has been very disappointing over the last year and even more so after the last 5 years. It has always been “promise without delivery”. Until they are producing a lot of buses powered by technology, going somewhere else will be a more productive use of your money.

If it gets above $21.50 it will put some kind of floor in the stock price.

(Market Call Minute.) Had Shorts on this but it has pulled back enough that it is no longer a Short.

Thinks this is one of the great opportunities in the market right now, even after the run. Invests in US industrial properties, but very large ones. One of the tenants is Amazon (AMZN-Q). The e-commerce trend is something that is here to stay, and companies like this are going to benefit. Trading quite inexpensively. 7.1% yield.

It may be attempting to build a base, but it's not there yet. If you are in it, put a tight stop loss on it.

It’s done well. Likes the industrial space here in Canada and in the US. There is consolidation occurring and this one are certainly jockeying for position.

He is Short this. There could be a bit of a bounce but the fundamental momentum is very negative. Their customers are all now making competitive products.

Created a great market for nat. gas engines for big trucks. Their customers are starting to make engines to compete with them. Nat. Gas prices have been so low but the company has not made money.