CRH Medical Corp. | StockChase
81
CRH Medical Corp. (CRH-T)

Last Price Recorded: $2.5200 on 2017-11-24

ON STOCKCHASE SINCE Jul 2009

biotechnology/pharmaceutical

CRH Medical Corp.


Signal Opinion Expert
     

2017-11-24

COMMENT
CRH Medical Corp. (CRH-T)

Has been badly beaten up. In 2014, revenues were about $11 million, and are now looking at about $100 million. BV is around $.85, so it is still trading at around 3X BV. The important thing is that insiders have been selling like crazy. When this happens, that is not a good sign. Not a contrarian stock to his way of thinking.

biotechnology/pharmaceutical
Benj Gallander

President, Contra the Heard Investment Letter

Price: $2.520
Owned: No

2017-11-14

DON'T BUY
CRH Medical Corp. (CRH-T)

Thinks management got caught off guard with the Medicare/Medicaid changes. Listening to the calls, he didn’t have a lot of confidence. Their business model is a bit broken now. With the share price and valuation so low, they are not getting as much bang for their buck now. Heading into the tax loss season, this is probably going to be one of the big targets. He would sit on the sidelines, at least until the new year.

biotechnology/pharmaceutical
Ryan Modesto

Managing Partner, 5i Research

Price: $1.920
Owned: Unknown

2017-11-13

COMMENT
CRH Medical Corp. (CRH-T)

They are in the US mainly and partner with anesthesiologists, for gut surgeries.  There is a whole system in the US as to who can treat whom and what they will pay.  These guys have been hit because of lack of organic growth and the concern is whether the reduced amount the Medicaid is willing to pay will impact margins going forward.  He thinks it is overdone.

biotechnology/pharmaceutical
Brendan Caldwell

President, Caldwell Securities

Price: $2.080
Owned: Unknown

2017-11-08

PAST TOP PICK
CRH Medical Corp. (CRH-T)

(A Top Pick Nov 16/16. Down 71%.) A few things happened. Have had 2 reimbursement cuts. Hasn’t affecting earnings yet, but it will. It’s been an acquisition story and they’ve been buying anaesthesiology clinics using their stock as currency. That becomes difficult now because of the low stock price.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $2.180
Owned: No

2017-10-19

DON'T BUY
CRH Medical Corp. (CRH-T)

It has not done anything at all for him and is on a short leash.  It is drifting back now.  He would be concerned about tax loss selling soon.  There is value there but don’t start a position.

biotechnology/pharmaceutical
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $2.940
Owned: Yes

2017-10-04

TOP PICK
CRH Medical Corp. (CRH-T)

Has been looking at this for over 2 years, and met management repeatedly. Was aware of the Short attack circulating this summer, which had some pretty interesting important points to make. When a share price goes from $12 to around $3, his view is that it was fully priced in and there was a big overreaction by the street. They are exclusively based in the US, and have a medical product that is used by gastroenterologists in the clinics, kind of a Trojan horse for them because they have the clinics that are using the medical product, so have a relationship with them. With a number of the clinics, they have effectively bought 50% of the clinic, which allows them to provide the anaesthesia services on behalf of the doctors who work there. A pristine balance sheet. (Analysts’ price target is $5.)

biotechnology/pharmaceutical
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $3.260
Owned: Yes

2017-09-28

SELL
CRH Medical Corp. (CRH-T)

He exited this story.  He was a big bull.  It came back for stock specific stories.  Multiple compression resulted from short reports. 

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $2.890
Owned: No

2017-09-18

HOLD
CRH Medical Corp. (CRH-T)

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.

biotechnology/pharmaceutical
Jason Del Vicario

Portfolio Manager, HollisWealth

Price: $3.190
Owned: No

2017-08-23

DON'T BUY
CRH Medical Corp. (CRH-T)

It had an amazing run this year.  It was a target of some short sellers, and then they missed on some earnings reports.  It is the worst for price momentum.  It is actually okay on valuation.  It has a decent balance sheet.  It is volatile and has poor price momentum.

biotechnology/pharmaceutical
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $3.050
Owned: Unknown

2017-08-22

WEAK BUY
CRH Medical Corp. (CRH-T)

It fell apart and is now working itself back.  It got destroyed by credibility, short sellers came along and the stock has readjusted.  He thinks the worst is over.  It has earnings potential.

biotechnology/pharmaceutical
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $3.120
Owned: Yes

2017-08-15

COMMENT
CRH Medical Corp. (CRH-T)

A stock that is extremely popular with medical analysts. There has been a bit of a foul-up in performance and the stock has joined the Bear market. He doesn’t get the sense that it is as good as a lot of analysts seem to believe. You also have the setback of the Obama-care saga in the US.

biotechnology/pharmaceutical
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $3.180
Owned: No

2017-08-02

COMMENT
CRH Medical Corp. (CRH-T)

Provides anaesthesia services for gastro-intestinal procedures. They operate in the US, and Medicare and Medicaid are evaluating what people can bill for services. The company has said that the net impact will probably result in an 8% decline in revenue and a 16%-18% decline in EBITDA. When the news broke, the shares dropped about 50%-65%, so it is getting to a time where it has probably been a little oversold. This is going to be higher risk, so you need to be able to withstand 5% moves on any given day. They just did another acquisition and there is a hint that they will be doing many more.

biotechnology/pharmaceutical
Ryan Modesto

Managing Partner, 5i Research

Price: $4.600
Owned: Unknown

2017-07-26

COMMENT
CRH Medical Corp. (CRH-T)

This has been hit extremely hard. It trades to a pretty significant multiple and probably got ahead of itself. On the news and speculation that some kind of reimbursement was going to come, the stock sold down. The code changes are not being reimbursed to the same degree. In the past, they’ve been able to use their currency to a certain degree to make acquisitions. They have just secured a bigger line, so it looks like they’ve shored up their business fairly well. Fairly good cash flow. The reimbursement is going to hurt them, and then the private pay insurance, the majority of their business, will end up coming down over time as well. They are going to have to replace the lost revenue with increased business, either organically or by acquisition.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $4.260
Owned: Unknown

2017-07-24

COMMENT
CRH Medical Corp. (CRH-T)

News items make it difficult for anyone to analyze.  They have one of the best returns of capital.  The rules have changed.  Probably it is okay.  Usually the rule changes sound more threatening than they really are.

biotechnology/pharmaceutical
Matt Kacur

President, FSA Financial Science and Art

Price: $4.500
Owned: Unknown

2017-07-17

WATCH
CRH Medical Corp. (CRH-T)

He has no price target.  It is another great Canadian healthcare stock that got hammered a short while ago.  The reason for the most recent decline is that Central Medical Services has changed how they code some services.  This company should eventually be at higher prices, but he wants to see the dust settle.

biotechnology/pharmaceutical
Brendan Caldwell

President, Caldwell Securities

Price: $4.670
Owned: No

2017-07-13

HOLD
CRH Medical Corp. (CRH-T)

An outsourcer in medical clinics where they take a 50% stake in the business. Registered nurses are being paid as full medical doctors. Their profitability could be hit when they are re-rated. The argument goes on.  He thinks the short thesis is a little overplayed. 

biotechnology/pharmaceutical
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $6.620
Owned: Unknown

2017-07-10

COMMENT
CRH Medical Corp. (CRH-T)

When a Short report came out, this dropped about 30%. Had sold about half his position in the $11 range to take some risk off the table. The stock is now close to the level, where if it breaches it, he will be selling his position. Believes their business is strong. He likes the company, but is just a little worried about it technically right now. On a P/E ratio, they seem really expensive. They have a nice ROE.

biotechnology/pharmaceutical
Jason Del Vicario

Portfolio Manager, HollisWealth

Price: $6.750
Owned: Yes

2017-06-30

WATCH
CRH Medical Corp. (CRH-T)

Going ahead 3 or 4 years, he is pretty comfortable that the whole medical space will be higher. We are in a secular bull market with healthcare. It had a big spike down this year, but the range we are in now has provided some support. There was a low of $6.84 in May, but doesn’t think it is going back there. It seems to be basing around $7.23-$7.38. Look for this to break out at around $7.65-$7.73, which will tell him it is really getting some legs. It is probably going to base here for a while.

biotechnology/pharmaceutical
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $7.380
Owned: Unknown

2017-06-22

PAST TOP PICK
CRH Medical Corp. (CRH-T)

(Top Pick Jun 30/16, Up 52%) It was almost $12 at one point and was really stretched, then a short report came out, all before he bought it.  He likes the business and feels they will continue to do well.  They have great cash flow for acquisitions. 

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $7.820
Owned: Yes

2017-05-25

COMMENT
CRH Medical Corp. (CRH-T)

This got up to $11-$12, where he thought it was a little ahead of itself. Markets were jittery and someone came out with a Short report, so a lot of Shorts piled on and the stock came off quite a bit. At the current value of around $8, it looks half decent. He is comfortable with management.

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $8.050
Owned: Yes

2017-05-05

COMMENT
CRH Medical Corp. (CRH-T)

A recent Short report made some interesting points. Although he doesn’t like serial acquisitors, he likes that this company is very focused on what they are doing. When they make an acquisition, they typically get 50%-51% of the business, so they consolidate it. Their revenue numbers are generally growing much faster than their earnings because they have to take out the minority interests. They are recognizing 100% of the revenues, but effectively are only getting 51% of the earnings. That was one of the thrusts of the Short report. The other was that they were being paid to use an MD to administer their deep sedation (used in colonoscopies), but using specially trained professional nurses instead. A decent company, he is just not sold on it yet.

biotechnology/pharmaceutical
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $8.510
Owned: No

2017-04-26

COMMENT
CRH Medical Corp. (CRH-T)

Ranks 222 out of 723 stocks in his model. If putting new money to work, you would typically look for something higher up in the rank. Currently trading at $9.12, and the overall earnings estimates for 2017 is $.28, giving a reasonable PE multiple. ROE of 25% looks attractive. Next year’s earnings growth is expected to be 21%, against a 28 PE, giving a PE to growth next year of 1.3X. It looks a bit expensive.

biotechnology/pharmaceutical
Robert McWhirter

President, Selective Asset Management

Price: $8.990
Owned: Unknown

2017-04-26

COMMENT
CRH Medical Corp. (CRH-T)

Just reported and beat street expectations. Revenue was expected to be $21.3 million, and came in at $22.5 million. Total operating earnings was up 63%. They continue to make acquisitions, and have great cash flow. Last week, there was a Short report which scared a lot of people, probably because of the valuation. He likes it here.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $8.990
Owned: Yes

2017-04-11

PARTIAL BUY
CRH Medical Corp. (CRH-T)

He likes this. A bit of a rollup. They are buying portions of medical practices in the US, and then are installing anaesthesiologists to do anaesthetic services. The valuation is running up a bit, but if you are looking at Enterprise Value to a bit of multiple, it is about 16X. Still a bit pricey, but nothing too crazy. He likes that they are offering liquidity to doctors, who are starting to age and want to get some cash out of the business. Good insider ownership. Worth owning, but you might want to average into it.

biotechnology/pharmaceutical
Ryan Modesto

Managing Partner, 5i Research

Price: $12.030
Owned: No

2017-04-03

BUY
CRH Medical Corp. (CRH-T)

It is your classic breakout.  It is just pulling back now and then will continue back up.  It is a very bullish chart.

biotechnology/pharmaceutical
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $10.920
Owned: Unknown

2017-03-13

COMMENT
CRH Medical Corp. (CRH-T)

A very strong company. ROC is astoundingly high. The valuation looks really good. From a pure, financial Return on Capital and valuation perspective, this looks really good.

biotechnology/pharmaceutical
Matt Kacur

President, FSA Financial Science and Art

Price: $10.720
Owned: Unknown

2017-03-10

BUY on WEAKNESS
CRH Medical Corp. (CRH-T)

Doesn’t think they will need to do an equity raise unless they do a big acquisition. They roughly have the cash flow they need to make an acquisition each quarter, of about the same size that they have been doing. His one caution is that the valuation is very high. Be prepared that an analyst could come out and say it is fully valued, resulting in the stock pulling back. If it did, it would probably be a great buying opportunity. Also, if they did an equity offering, that would be another great time to add to your holdings.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $10.380
Owned: Unknown

2017-02-28

HOLD
CRH Medical Corp. (CRH-T)

Involved with gastrointestinal, and they work with anesthesia to provide for colonoscopies, etc. They’ve been trying to consolidate the market. Just reported a blowout quarter and the stock moved up quite a bit. Management has done a great job of under promising and over delivering.

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $9.190
Owned: Yes

2017-02-22

HOLD
CRH Medical Corp. (CRH-T)

This tends to be a serial acquirer, and he generally doesn’t like these. However, in this case he likes management and feels they are very competent.

biotechnology/pharmaceutical
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $8.570
Owned: No

2017-01-24

BUY
CRH Medical Corp. (CRH-T)

Has done tremendously well. Broke out of a trading range at about $5.50 on heavy volume. It has a high cash ROE and a relatively low P/E ratio. Feels they are getting to be more well known, but they don’t have a wide analyst following, which he would like to see. Expects the stock price to consolidate at around the $7.50-$8.50 level. Assuming they can continue to grow their earnings and add more facilities to their portfolio, the stock certainly has room to run. Represents decent value at these levels.

biotechnology/pharmaceutical
Jason Del Vicario

Portfolio Manager, HollisWealth

Price: $7.990
Owned: Yes

2017-01-06

BUY
CRH Medical Corp. (CRH-T)

ROC on this is tremendous. He has it as 104%, which is almost unheard of. Also, it looks undervalued.

biotechnology/pharmaceutical
Matt Kacur

President, FSA Financial Science and Art

Price: $7.810
Owned: Unknown

2017-01-03

COMMENT
CRH Medical Corp. (CRH-T)

Technically, this looks fantastic. On any medical type stocks, you go with the wave. Right now the wave is up, and if he had to Buy or Sell it, he would buy.

biotechnology/pharmaceutical
Elliot Fishman

Director, US & International Equity Trading Portfolio Adviso

Price: $7.250
Owned: Unknown

2016-12-20

BUY
CRH Medical Corp. (CRH-T)

It is a buy or a hold.  He is one of the largest holders.  This has been a top pick of his.  It is a health care company, the top performing one in Canada this year.  They did a very good job at increasing their earnings.  Last quarter the stock took off.  A lot more small cap managers are looking at it now.  He likes the management team from a previous company.

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $7.060
Owned: Yes

2016-12-05

SELL
CRH Medical Corp. (CRH-T)

A good little Canadian medical story. Operates primarily in the US, and has been rolling up some healthcare services. He is cautious in this area right now. The US health business is pretty complicated right now, as there are a bunch of pieces to it, unlike the Canadian system. One segment of this company has a fair bit of “off network” business, which pays much better than being paid by Medicare and Medicaid, but sometimes it is hard to get paid, as insurers take their time. Companies like this could be under a bit of pressure next year, so he would be cautious. At this point he wouldn’t be owning it.

biotechnology/pharmaceutical
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $7.530
Owned: No

2016-11-16

TOP PICK
CRH Medical Corp. (CRH-T)

This continues to grow by acquisition. They have 2 different product lines, but the anaesthesiology side is where they are really starting to grow. Generating between $5-$6 million in cash flow per quarter, along with a line that allows them to continue to make acquisitions. They’ve been pretty disciplined about how they have done this. (Analysts’ price target is $7.52.)

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $7.390
Owned: Yes

2016-10-26

COMMENT
CRH Medical Corp. (CRH-T)

The company is not going to be out raising money, but are going to be doing smaller tuck in acquisitions. They are in the acquisition business. If they have the cash flow to fund an acquisition, they will be fine, but if not and it is something bigger, they’ll probably have to go to the market.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $6.210
Owned: Yes

2016-10-20

HOLD
CRH Medical Corp. (CRH-T)

This has spent the last 18 months consolidating, and has just recently broke out of a trading range at around the $5.40-$5.50 level. He sees a lot of upside in this. A very well-run company. Their cash ROE is north of 30%, and their cash P/E ratio is at around 10 or 11.

biotechnology/pharmaceutical
Jason Del Vicario

Portfolio Manager, HollisWealth

Price: $6.140
Owned: Yes

2016-09-29

HOLD
CRH Medical Corp. (CRH-T)

He really likes the management team.  He continues to hold it although the whole healthcare sector has been under scrutiny.  Their earnings have grown as they made tuck-in acquisitions.  They recently did some marketing.  Over the next couple of years earnings estimates should go up.

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $5.110
Owned: Yes

2016-09-21

COMMENT
CRH Medical Corp. (CRH-T)

They continue to execute. Did a big acquisition almost 2 years ago, and now are just doing smaller incremental acquisitions that continue to build out their business. He thinks the process will continue. This has bumped up a little in valuation, and as a result it dropped down in his ranking, so he recently sold his holdings. He wouldn’t be surprised if there was an equity issue from the company in the future.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $5.220
Owned: No

2016-09-06

BUY on WEAKNESS
CRH Medical Corp. (CRH-T)

A good, small-cap, Canadian health care stock. A teensy bit too expensive for him right now. He likes where the business is going. Would be a buyer at the bottom of the 52-week trading range. He likes management and the board. (See Top Picks.)

biotechnology/pharmaceutical
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $4.750
Owned: No

2016-09-02

COMMENT
CRH Medical Corp. (CRH-T)

This is one of the stocks that gets bucketed into the healthcare rollup. Scores well on price momentum and on valuation. Has a good balance sheet and have been growing their earnings. However, they missed on their recent quarter. If looking to play some of these “growth by acquisition” stories, this would be the one to play.

biotechnology/pharmaceutical
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $4.780
Owned: No

2016-08-19

COMMENT
CRH Medical Corp. (CRH-T)

They have a product that they have been marketing and selling for some time, and are taking the cash flow from that and putting it into acquiring anaesthesiology clinics in the US. Feels this is quite undervalued given their growth prospects. They are growing their bottom line by 30% a year. He likes this a lot.

biotechnology/pharmaceutical
Jason Del Vicario

Portfolio Manager, HollisWealth

Price: $4.750
Owned: Yes

2016-08-18

BUY
CRH Medical Corp. (CRH-T)

He likes this whole space on a secular basis.  You will have a wide disparity across the whole spectrum of stocks.  We found a breakout at the beginning of August.  There is support from the end of June.  It made a move when it was supposed to.  This stock has a nice trend.  It has been in a nice band since the beginning of last year.  There is some heavy duty volatility also.

biotechnology/pharmaceutical
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $4.750
Owned: No

2016-07-20

PAST TOP PICK
CRH Medical Corp. (CRH-T)

(A Top Pick Sept 28/15. Up 23.28%.) Not sure who is buying this, but somebody is buying quite a bit of stock. Most healthcare stocks in Canada have not done well, but this one has. He really likes management, which underpromises and overdelivers. Recently made a few acquisitions which should be accretive. Only trading at about 8.5X EBITDA with very good growth over the next couple of years.

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $5.120
Owned: Yes

2016-06-30

TOP PICK
CRH Medical Corp. (CRH-T)

It has news out today.  They have a consistent growth business and an acquisition business.  They are making nice earnings growth.  They buy a business for half what the stock trades for.  They are slow and steady about it.  They expanded into the US.  Trading at a reasonable multiple.  A year from now they will have done more acquisitions.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $5.030
Owned: Yes

2016-06-30

BUY on WEAKNESS
CRH Medical Corp. (CRH-T)

This has had a move at around the $4.50 level followed by a breakout. A pretty volatile stock. It looks like it wants to come back, so if you don’t own it, you will probably get your chance. If it gets about $5.10, it looks like it wants to have the $7 target. The whole space is a good place to be.

biotechnology/pharmaceutical
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $5.030
Owned: Unknown

2016-06-03

COMMENT
CRH Medical Corp. (CRH-T)

A little small for him, so he doesn’t own it. This is one of the healthcare rollup’s that has done it right. Valuation is pretty reasonable, especially one compared to some of their peers. They beat on their recent quarter, and are starting to generate cash flow. The balance sheet is in very good shape. They have managed to do acquisitions without debt, which is key for this type of business.

biotechnology/pharmaceutical
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $4.360
Owned: No

2016-05-19

COMMENT
CRH Medical Corp. (CRH-T)

They are in the gastro anesthesiology business.  They have found a couple of pretty good niches.  They are market leaders in the markets they are operating in.  They are now integrating the acquisitions.  Impressive management team.  It is a growth stock and not a value stock.  He would like to meet them, however.

biotechnology/pharmaceutical
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $3.880
Owned: No

2016-05-12

PAST TOP PICK
CRH Medical Corp. (CRH-T)

(Top Pick Jun 19/15, Down 9.00%) They have done a good job.  They don’t need to raise prices.  9 times earnings.  They are probably looking for acquisitions.  The balance sheet looks good.  A premier small cap name so he continues to hold it.

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $3.730
Owned: Yes

2016-04-21

WEAK BUY
CRH Medical Corp. (CRH-T)

A good health care services firm. This would be a Hold to a Weak Buy at this time. Really likes what they have done longer-term. If you can get this at the bottom of the 52 week trading range, that would be his Buy point. He likes management and what they are doing long term.

biotechnology/pharmaceutical
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $4.000
Owned: Unknown

2016-04-07

DON'T BUY
CRH Medical Corp. (CRH-T)

From a seasonal perspective, you want to be looking more to the June timeframe. The chart shows a bit of resistance, and is now pulling back. There is a bit of head and shoulders topping pattern, which implies downside potential to almost $3.60. There is probably not much reason to get into this.

biotechnology/pharmaceutical
Jon Vialoux

Research Analyst, Timingthemarket.ca & Equityclock.com

Price: $4.240
Owned: Unknown

2016-04-06

COMMENT
CRH Medical Corp. (CRH-T)

He is generally negative on the rollup space, because it is a business that relies on having a high valuation in order to acquire other businesses. As soon as that game stops, the stocks can have a long way to fall before finding a bottom. This one is a little different in that they managed to not get caught up as much in the selloff. Because of that, it’s price momentum is quite good. Valuation is reasonable, which is unusual for a rollup. He doesn’t have a position in this, but it is on the cusp of being a Long for him.

biotechnology/pharmaceutical
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $4.310
Owned: No

2016-03-16

BUY on WEAKNESS
CRH Medical Corp. (CRH-T)

It is in the right space.  Technically it has been a tough go for medical last year.  It is one of the few sectors that is in a secular bull market.  There is a downtrend that may have broken.  This would be one you could add to.  There will be some resistance until $5.10.

biotechnology/pharmaceutical
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $4.440
Owned: Unknown

2016-03-07

STRONG BUY
CRH Medical Corp. (CRH-T)

Colonoscopy clinics. His 5th largest holding. Just delivered an excellent quarter. Very attractively priced, and run by a very honest management team. A very clean model of a health care stock. ROE is about 33% and P/E ratio is around 11%. Doesn’t believe there will be any equity financing, so no dilution going forward. Can’t think of a better company to own.

biotechnology/pharmaceutical
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $4.360
Owned: Yes

2016-02-24

COMMENT
CRH Medical Corp. (CRH-T)

A great little company, and thinks they are going to continue to execute the way they have. Made a big transformational deal in 2014, and now are adding on small deals as they come across them. Doing this all with cash flow. You should continue to see earnings numbers increase as they make acquisitions. Has broken down on a technical aspect, but he is watching it closely, and at some time would like to add it to his portfolio.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $3.710
Owned: No

2016-02-19

HOLD
CRH Medical Corp. (CRH-T)

He is looking for support and resistance, and this is in the very tight channel. At $3.59, you are probably dealing with a $4.50 upside right now. The downside is quite good at around $2.80. It doesn’t look like a trade, but something that you would continue to Hold.

biotechnology/pharmaceutical
Elliot Fishman

Director, US & International Equity Trading Portfolio Adviso

Price: $3.590
Owned: Unknown

2016-02-08

BUY
CRH Medical Corp. (CRH-T)

They have gone through some lumps.  Analysts are expecting earnings growth of 69%.  It looks like they finally turned the company around.  14 times PE. 

biotechnology/pharmaceutical
Robert McWhirter

President, Selective Asset Management

Price: $3.460
Owned: Unknown

2016-01-13

COMMENT
CRH Medical Corp. (CRH-T)

Owned this in the past, and has his eye on it. The larger part of their business is providing anaesthesiology services to gastrointestinal doctors who are doing mostly colonoscopies. The majority of their business is done in the US. Attractive at these levels.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $3.540
Owned: No

2016-01-08

BUY
CRH Medical Corp. (CRH-T)

He likes this. It has been fairly strong over the last couple of weeks. Good management team. The cash flow from operations should rise quite a bit this year. Probably trading at around 8X 2016 EBITDA. If you are going to own something in this space, this is a go to name.

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $3.940
Owned: Yes

2015-12-23

PAST TOP PICK
CRH Medical Corp. (CRH-T)

(A Top Pick Dec 24/14. Up 126.47%.) Still a Buy. ROE is over 30%. Trading at about 8.9X earnings and 2X Book. Funding all their growth through their own cash flows. Showing all the signs of becoming one of the great stocks.

biotechnology/pharmaceutical
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $3.850
Owned: Yes

2015-12-23

TOP PICK
CRH Medical Corp. (CRH-T)

Colonoscopy clinics. Great company. Good management. This is his best guess of an emerging compounder. Trading at 8.9X earnings with a 33% ROE.

biotechnology/pharmaceutical
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $3.850
Owned: Yes

2015-11-18

WATCH
CRH Medical Corp. (CRH-T)

They were tarnished by PHM-T.  A lot of investors have gotten out of healthcare, concerned multiples will continue to contract.  CRH-T’s business has continued to grow.  It is one that if you are patient and you pick it up here, as multiples expand in the sector, it will go up.  Healthcare is going to be a long term growth area.  Watch for momentum to change if you are a mid-term investor.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $3.130
Owned: Unknown

2015-11-05

DON'T BUY
CRH Medical Corp. (CRH-T)

It was a hot stock and had a nice trend, then there was some deterioration and now there is support at $3.  If it bounces off it then it should be okay, but it could be putting in a top.

biotechnology/pharmaceutical
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $3.350
Owned: Unknown

2015-10-21

COMMENT
CRH Medical Corp. (CRH-T)

This has probably held up the best of the Canadian healthcare stocks. Has a very interesting business, and is significantly different than Concordia (CXR-T) and Valeant (VRX-T). They have a process that helps doctors fix haemorrhoids and have a huge database of doctors who use their product. Have now gone into anaesthesiology. When people go in and have the G.I. process done, they need to be sedated and the company has been doing some consolidation in this sector.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $3.700
Owned: No

2015-10-19

PAST TOP PICK
CRH Medical Corp. (CRH-T)

(A Top Pick Dec 24/14. Up 128.24%.) A less risky model than other healthcare stocks. Very blue-chip, solid, well-run company with a 35% ROE. Trading at 8X earnings.

biotechnology/pharmaceutical
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $3.880
Owned: Yes

2015-10-16

COMMENT
CRH Medical Corp. (CRH-T)

Treatment of haemorrhoids. Stock is declining because earnings estimates have been shaved by 15% in the last 90 days. The advantage is that no surgery is required compared to other methods. Trading at 18X PE for 2016. Analysts are expecting earnings to grow from $0.10-$0.22, but estimates have been shaved 15% in the last 90 days, which is why the stock has been drifting off.

biotechnology/pharmaceutical
Robert McWhirter

President, Selective Asset Management

Price: $3.610
Owned: No

2015-09-28

TOP PICK
CRH Medical Corp. (CRH-T)

Healthcare space.  The management team’s last company sold at a great multiple.  They can get synergies and revenues up.  It sold off here.  It will be a long term hold for him.

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $4.210
Owned: Yes

2015-09-08

COMMENT
CRH Medical Corp. (CRH-T)

Distributes medical products to clinics, and buys up other players that do the same type of thing. The challenge with these rollup’s is that they tend to do it with debt, and at very high valuations. This is trading at 25X EBITDA. They don’t really cash flow and this is trading at 45X cash flow. All of their growth is in the future in terms of cash flow growth. You are really counting on their growth to continue. On any kind of miss on earnings or check-back in the space, these stocks don’t have a floor for a fair bit of time before value buyers step in. Not a long-term investment, but something you might want to trade.

biotechnology/pharmaceutical
Jason Mann

CIO & Co-Founder, Edgehill Patners

Price: $5.120
Owned: No

2015-08-25

TOP PICK
CRH Medical Corp. (CRH-T)

The best small-cap company in Canada that he can recommend. Great management team. 9X 2016 earnings. 31% ROE. He is very comfortable in saying that in 5 years it will be a $25 stock.

biotechnology/pharmaceutical
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $3.930
Owned: Yes

2015-08-19

BUY on WEAKNESS
CRH Medical Corp. (CRH-T)

Continue to execute along the lines they said they were going to do. Had a very steady growing small business going back to December, and then they made an acquisition of anaesthesiology clinics and the stock really shot up. Just made another announcement today. Valuation tends to get stretched at times, but when it comes back  it is one you can buy because they are probably going to continue to do acquisitions.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $4.560
Owned: Unknown

2015-06-30

TOP PICK
CRH Medical Corp. (CRH-T)

This is the medical stock that he is the most comfortable with as being a long-term compounder. They do colonoscopy clinics for early detection of cancer. Based in Vancouver. Good management team. Only trading at about 10 or 11 times 2016 earnings. 35% ROE.

biotechnology/pharmaceutical
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $4.740
Owned: Yes

2015-06-30

COMMENT
CRH Medical Corp. (CRH-T)

This is widely liked. He likes the smaller healthcare companies and owns quite a few.

biotechnology/pharmaceutical
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $4.740
Owned: No

2015-06-19

TOP PICK
CRH Medical Corp. (CRH-T)

In terms of management, they are a little more conservative than some of the others. They were in the haemorrhoid business, but do a lot of anaesthesia for colonoscopies, etc, and that business has been growing very rapidly. Made a transformative acquisition at the end of last year, and are on the cusp of probably making a couple more over the next 6 months or so. Recent quarter was very strong and expects Q2 to be strong as well.

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $4.110
Owned: Yes

2015-05-06

TOP PICK
CRH Medical Corp. (CRH-T)

Had a big acquisition and we have now seen a quarter, which only represents 20% of their year. The quarter was clean. Good management team. Valuation is still reasonable. In a years time this can be a $5 or better stock.

biotechnology/pharmaceutical
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $3.330
Owned: Yes

2015-05-01

BUY on WEAKNESS
CRH Medical Corp. (CRH-T)

(Market Call Minute.) A growth by acquisition story. Has doubled in the last 6 months.

biotechnology/pharmaceutical
Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $3.480
Owned: No

2015-04-08

COMMENT
CRH Medical Corp. (CRH-T)

A very interesting business. Their initial business was a solution for hemorrhoids. They made a transformational acquisition a few months ago of anaesthesiology services, specifically in the gastrointestinal area. They are seeing growth from an acquisition standpoint, but also from an organic standpoint now.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $3.500
Owned: Yes

2015-02-23

BUY
CRH Medical Corp. (CRH-T)

Hemorrhoid business.  Acquisition they made is quite accretive.  People are just becoming aware of this story.  A high margin business.

biotechnology/pharmaceutical
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $3.800
Owned: Unknown

2015-02-05

HOLD
CRH Medical Corp. (CRH-T)

This is getting ahead of itself. Likes the company and thinks the management team is great, but he needs to see more details before he could add more capital. He knows there are more acquisitions coming in after that, but put the current one to bed. If you are going to grow through acquisitions you have to show that you can acquire intelligently and integrate the acquisitions. Considers this as a “strong hold”.

biotechnology/pharmaceutical
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $2.510
Owned: Yes

2015-01-14

COMMENT
CRH Medical Corp. (CRH-T)

CRH Medical (CRH-T) or Merus Labs (MSL-T)? These are not really comparable to one another. This is the one that looks very interesting. Just made an acquisition at the beginning of December, and the stock had a big run. It looks like they could produce some really high numbers. If he were buying one or the other, it would probably be this one.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $2.040
Owned: No

2014-12-24

TOP PICK
CRH Medical Corp. (CRH-T)

A little company based in Vancouver that just had a transformational US acquisition. They are in the hemorrhoid business with clinics where people go in for procedures. This is one of those companies that is off the radar screen. His sense is that this is a $2.50 stock in a year’s time.

biotechnology/pharmaceutical
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $1.700
Owned: Yes

2009-07-14

BUY
CRH Medical Corp. (CRH-T)
Small medical products company with primarily US operations and involved in haemorrhoid banding. Have their own clinics where they treat patients and also sell their product direct to physicians. Excellent company. Very early in rolling out their product so there is bound to be volatility. Good treat it as a trading stock.
biotechnology/pharmaceutical
Karl Berger

Partner, Toron Investment Management

Price: $1.630
Owned: No

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