goeasy, Dollarama Inc. and More at 52-week Highs & Lows (Jul 21-27)
Inter Pipeline, Aritzia Inc. and More at 52-week Highs & Lows (Archive From Jul 14-20)
Markets opened the week with unsure footing as worries over covid variants, fed comments on tapering of stimulus and general economic worry over key statistics pressured markets.
This week, Inter Pipeline (IPL-T) which is seeing a takeover battle between Brookfield and Pembina is trading at 52-week highs. Investor favourite retail stock Aritzia Inc. (ATZ-T) is also at 52-week highs. Defensive plays Loblaw Companies Ltd (L-T), Alimentation Couche-Tard (B) (ATD.B-T). Many banks, REITs and telecom stocks are also trading at 52-week highs.
Here’s this week’s 52-week high and low stocks on Stockchase:
52-Week High TSX Stocks
Here’s this week’s 52-week high stocks on Stockchase…
Still likes it. Pays a good dividend. He still sees value in the energy sector as a whole, as oil and natural gas prices will hold. [Note: audio problems]
Africa Oil Corp. (AOI-T) TSE
Oil and Africa are both out of favour, so that's why he likes AOI. There's a LOT of political risk here, Kenya, but a billion barrels were discovered her which will reach markets in 2-3 years. They just did a $1.6 billion acquisition offshore Nigeria. A contrarian play. Be patient with this and avoid the…
Inter Pipeline (IPL-T) TSE
In the midst of a bidding war. More of a hold than a buy. Prospects for material upside are not very high. Better opportunities elsewhere. If you made profits, take some and invest in something like GEI or even TWM, if you have a higher risk tolerance.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Likes the company and it is hitting its stride. It is both good for growth or part of a balanced portfolio. A strong performer. Unlock Premium - Try 5i Free
George Weston Ltd. (WN-T) TSE
He loves Loblaw, owned by WN. Even with the bakery sale, it will still trade at a discount. Nothing wrong with WN, but he'd rather own Loblaw, which makes up about 60% of WN's value.
Alimentation Couche-Tard (B) (ATD.B-T) TSE
A few years ago, he though the PE was stretched, but is better now and he's taking a close look at it. It suddenly jumped from $44 to $49. Very well-managed. They were put in the penalty box when they tried to buy Carrefour. They're planning to add fresher food in their stores. It's an…
Loblaw Companies Ltd (L-T) TSE
(A Top Pick Jul 09/21, Up 20%) Trading in and out of this stock. Has pulled out of Loblaws when they were seeing key technical resistance. The yoy comparisons will become more challenging when we get to the third and fourth quarter. Does not own it currently. Would trim back.
MTY Food Group (MTY-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The current valuation is relatively cheap if the current rate of reopening locations is maintained. Debt to equity ratio is around 1.6 due to the pandemic. The positive trend should continue into summer and fall with further reopenings. Unlock Premium - Try 5i Free
Thomson Reuters Corp (TRI-T) TSE
They dominate in legal textbooks globally. Their business model is scalable. It's full valued now. She owns only a little of this.
Worst is behind them. He wouldn't buy it. Doesn't like the roots of its governance. Peaked at $25 in 2000 and has declined since then. Has benefited Quebec, but if a company can't also generate value for shareholders, there's no reason to buy it. Private jet market is either hot or cold. Worries about the…
TFI International Inc (TFII-T) TSE
(A Top Pick Jun 29/20, Up 170%) Pared this position, but it continues to excel. Their purchase of a UPS division resulted in a surprise synergy. TFII still has a ways to go. It's modestly priced. You can hold onto this for growth as economies recover. They are known for excellent tuck-in acquisitions and managing…
DIRTT Environmental Solutions (DRT-T) TSE
Customized, prefabricated environmental office interior solutions. High net cash position. Significant upside because of their flexible business model. Surge in office reconfiguration taking place across North America. Top management. No dividend. (Analysts’ price target is $3.46)
Waste Connections (WCN-T) TSE
Allan Tong’s Discover Picks Of course, nobody knew that a once-in-a-century pandemic would trigger that recession, but WCN survived the pandemic to emerge with a 21.1% gain since my original pick. This figure excludes the dividend, which currently pays 0.67%, and it beats the TSX by 5%. Read Looking back after 100 weeks of Hot…
Cielo Waste Solutions Inc (CMC-CN) TSXV
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has not had revenues and cash flow is negative. Investors are expecting better things down the road with a market cap of $800M and a stock price that had good momentum. Assuming it lands partnerships, it should have its capital needs met. Should be cash…
BCE Inc. (BCE-T) TSE
The market worries all these telcos are overpaying on spectrum. He predicts the Rogers-Shaw deal will happen. The telcos will benefit from 5G and should be held in a TFSA as you collect the good dividends.
CGI Group (A) (GIB.A-T) TSE
(A Top Pick Jun 24/20, Up 32%) Impacted by Covid. Bookings are starting to ramp up. Still value at this price point.
Rogers Communications (B) (RCI.B-T) TSE
Big fan of telecoms, though they didn't deliver last year as expected. Telecoms are very defensive and operate in an oligopoly. RCI is OK, but not as keen on it compared to others in the space. Least enthusiastic about cable. Ton of risk on the Shaw deal.
Telus Corp (T-T) TSE
All the carriers are offering 5G. He does not expect 5G will result in increased growth in any of the carriers. The biggest opportunity in 5G is a company that provides a 5G app, product or service that really takes advantage of 5G that everyone will want. He has not found such a company.
Allan Tong’s Discover Picks Two weeks ago, Boardwalk reported that its occupancy rate was weathering Covid lockdowns. April 2021 occupancy clocked in at 95.7% and was 100 basis points higher than February 2021. Meanwhile, rental collections are on par with pre-Covid numbers. FFO, funds from operations, climbed 4.8% during the first three months of this…
Canadian Apartment Properties (CAR.UN-T) TSE
Allan Tong’s Discover Picks CAP REIT stock surpasses it peers in several categories: earnings, cash flow, gross and profit margins. Its PE, for example, stands at 11x compared to SmartCentres REIT’s 71.7x and Allied Properties REIT‘s 17.4x. ROI is 6.89% vs. 0.99% and 3.63% against those same names. True, the dividend yield pays 2.24% which…
Firstservice Corp (FSV-T) TSE
(A Top Pick Jul 21/20, Up 0%)(Total return not available.) Great Canadian company. Asset lite, minimal fixed costs, low capex. Grow organically and by acquisition, which they do very well. Executes incredibly well. He'd buy it here or on any pullback.
InterRent REIT (IIP.UN-T) TSE
There are other ways to do real estate. He likes Tricon. He thinks there might be a continued setback for student residences. Tricon has housing in the US where there is demand for their houses.
Killam Properties Inc (KMP.UN-T) TSE
Among Canadian apartment REITs, CAP REIT gets all the love, but also the price appreciation. Actually, Killam's chart is nearly identical to CAP REIT year-to-date and pays a healthy 3.88% dividend yield (CAP REIT pays 2.84%). Whereas CAP REIT is centered on Toronto, Killam focuses on Atlantic Canada, namely Halifax and Charlottetown. Another difference is…
Minto Apartment REIT (MI.UN-T) TSE
Likes it. They operate in cities, multifamily units in Toronto, Ottawa and Montreal. The REIT is no longer a bargain, but he expects immigration and students returning to school later this year to raise demand, so there's upside to this REIT. You can buy this now.
Nexus Real Estate Investment Trust (NXR.UN-X) TSXV
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They have industrial properties that held up well during the sell off earlier this year. Solid profitability and has positive cash flows. Valuation is starting to be rich with price to sales at 8.6x. PE is ok at 17.3x. Dividend yield is good at 5.8%. Unlock…
Royal Bank (RY-T) TSE
Owns these two banks. BNS is Canadian and Latin America, where as RBC is Canada and US. Likes BNS's exposure to Latin America. Currently under covid, it is being more hurt. The stock is lagging here because of this. RBC is doing better due to Canada and US doing better. Over the long term, RBC…
Timbercreek Financial Corp (TF-T) TSE
Bond-like, they're very good at mezzanine and commercial lending. They distribute what they get and are conservatively balanced (balance sheet). They know their markets. It's like a mortgage-lending situation. They earn 7% rates of return, no more or less. A very stable investment, acting like a bond proxy. (Analysts’ price target is $9.96)
Brookfield Property Partners (BPY.UN-T) TSE
Allan Tong’s Discover Picks BPY.UN is anchored by diverse holdings across sectors, including industrial, retail and commercial properties, and across countries. Of course, we all know what happened next to the world, which wiped out the retail and office property markets. BYP.UN shares have slid around 7.5% since that call, but the 7% dividend has…
ECN Capital (ECN-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock is still very cheap on all metrics. Considering growth perspectives, current book value and earnings power, it is attractively priced. It also has a strong record of dividend increases. Unlock Premium - Try 5i Free
Summit Real Estate Investment (SMU.UN-T) TSE
Likes it and its sector. Trade at a healthy premium. In the right markets. Growth has traditionally been there. Fairly valued today. Look for pullbacks to buy.
Allied Properties REIT (AP.UN-T) TSE
A recovery story. Best in class, best assets. Theme of stay at home will wane. There's a more hybrid solution, and its stable of smaller tech and healthcare tenants will benefit. Trades at a 15% discount to NAV. Yield is 4.04%. (Analysts’ price target is $45.23)
Artis Real Estate Investment Trust (AX.UN-T) TSE
It's exposed to western Canada, an unloved asset class, but the valuation is very attractive and the new CEO has a new plan to flexibly invest in private and public real estate. This combination is great. The dividend pays over 5%, so you're paid to wait. The CEO has a track record restructuring asset. Artis…
Dream Industrial REIT (DIR.UN-T) TSE
Stockchase Research Editor: Michael O'Reilly DIR is a leading dividend payer that will benefit with the re-opening of the economy. It has a great yield, backed by a payout ratio under 50% of cash flow. It trades at 10x earnings compared to peers at 17x and is valued at just 1.2x book value. Good value…
Granite REIT (GRT.UN-T) TSE
Allan Tong’s Discover Picks Further, Granite pays a 3.53% dividend yield based on an ultra-safe 30% payout ratio. While its EPS growth is declining, at $9.82 it still towers over the sector’s $1.68 and has jumped nearly 30% over the previous year. Granite trades at a PE of 8.7x vs. the sector’s 34.1x while its…
Smart REIT (SRU.UN-T) TSE
It is a great company. There is not necessarily a grocery component in their centers. It is trading on parity with net asset value. It has the lowest earnings growth amongst its peers and so he is not looking to own this stock today. The yield is solid, however.
Trisura Group (TSU-T) TSE
Specialty insurance. Spun out of one of the Brookfields. US business, called fronting, is very exciting, and it crosses state lines. Growth profile is fantastic. High and growing ROEs, growing access to capital, dynamic CEO. No dividend. (Analysts’ price target is $178.13)
WPT Industrial REIT (WIR.UN-T) TSE
Though it trades in Toronto, WPT owns warehouses in the States. Basically, e-commerce stores stuff in these warehouses, and e-commerce has been roaring during this pandemic. Year-to-date, WPT inches slightly ahead of the TSX, but in the past month, the Toronto benchmark has climbed 3.3% while WPT has surged 5.5%. Analyst Andrew Moffs argues that…
Diversified Royalty Corp. (DIV-T) TSE
The management team has done a fantastic job over time. People were concerned how long they could pay out their dividend and people worried about how diversified their royalty streams were. Now they invested in Oxford Learning for diversification. Their dividend payout is now below 100%. (Analysts’ price target is $4.29)
DREAM Unlimited Corp (DRM-T) TSE
Blackstone took over Dream Global, and DRM got a large cheque out of it in their holdings and asset management contract. They've since done a large issuer bid that that the biggest shareholder, the CEO, tendered into below NAV. So, the NAV has grown. DRM will benefit from lower interest rates. (Analysts’ price target is…
Slate Grocery REIT (SGR.UN-T) TSE
It is focused on US grocery-anchored shopping centers. It is fairly valued after just doing an acquisition. It is a high yielding stock, but he does not think they are covering the distribution today. There is higher value in the sector today.
(A Top Pick Aug 17/20, Up 23%) Pays a nice, growing dividend. He still believes in it. They make good acquisitions in counter-cyclical times.
Superior Plus Corp (SPB-T) TSE
(A Top Pick Dec 13/19, Up 10%) It hasn't stumbled during this pandemic. Incredibly consistent business, distributing propane across North America, such as Quebec. The stock had plunged from $12 to $6 during the pandemic, but they will get through this pandemic without lasting issues. (SPB was fine, but the market was irrational. SPB is…
Emera Inc (EMA-T) TSE
Now an international operator with their acquisition in Florida. Diversified into natural gas in New Mexico too. A growth international utility. Ultimately, it trades as a utility. Interest rate sensitive. Interest rates going up will limit your upside.
Transalta Corp (TA-T) TSE
For a TFSA or RRSP? A decent income stock. She owns some utilities. They're transitioning out of coal. Continue to hold it. She holds growth stocks in an RRSP for the sheltering. A cash account is the best place to hold an income stock so you can take advantage of the dividend tax credit.
🛢 Basic Materials
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Momentum is solid. The fundamentals are improving along with profitability. Debt relative to cash is also improving. Market cap has reached $520M with insiders owning 10%. Not profitable yet although revenue is ramping up. Expensive but revenue growth looks good. Unlock Premium - Try 5i Free
Labrador Iron Ore Royalty (LIF-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Likes it for income and the dividend payout is sustainable against cash flow. Not overly expensive at 9x earnings. More room for upside. Unlock Premium - Try 5i Free
Stelco Holdings Inc. (STLC-T) TSE
Thinks there is a play in steel, although this is no longer early. Would play the steel play through ZMT. Stelco is a good name here although it has already had a good run. 10% range correction is possible. Use the past corrections as a guideline for entry.
There's always something that stops him from entering the seniors space in REITs: labour, regulator issues, though again demographics are a positive. That isn't a good enough, though. How will governments with huge debts supplement the entire seniors home space? However, EXE is cheap. This space is too volatile.
Sienna Senior Living Inc (SIA-T) TSE
(A Top Pick Jun 16/20, Up 75%) Time to buy when fear is greatest and the news is negative. High vacancy rates are slowly waning. Solid balance sheet, safe dividend. Continued demand. Pandemic has caused costs to rise, but government is providing funding. Building new facilities, so company will start growing again.
52-Week Low TSX Stocks
Here’s this week’s 52-week lows stocks on Stockchase…
Don't get scared of parabolic moves. The chart looks very good. It has shot up in the last 6 weeks. Its next move could be just under $6 pretty quickly. Relative strength vs. the S&P looks very good. However, expect volatility. Own a small holding.
Medmira Inc (MIR-X) TSXV
In Canada, this smallcap (C$210 million) biotech in Halifax submitted its antibody test to the FDA. Since April 22, MedMira has soared from 6 cents/share to over 30. There's scant coverage or even stock metrics to report. Also MedMira is one of many companies to submit such tests to the FDA, but it's worth keeping…
Viemed Healthcare (VMD-T) TSE
(A Top Pick Apr 27/20, Up 16%) Covid has indirectly increased their business. Growing organically and via acquisitions. Reasonable multiple. Either multiple expansion or a takeover target.
Neptune Tech & Bioresource (NEPT-T) TSE
Cannabis Nutritional supplements. If they get it right there is huge potential. In the medical uses, there is a lot of long term potential. He has no idea who will be the eventual winners in this space. He thinks there is a bit of frenzy in this space. Buy on rumor and sell on news.
Resverlogix Corp. (RVX-T) TSE
(Market Call Minute.)Reversing of bad cholesterol in clinical studies. A little early for him but has potential. Speculative.
🛢 Basic Materials
This is one that is quite interesting. The gold sector has the wind at its back. With all the money being printed by central governments, the stimulus has to go somewhere and it will probably end up being inflationary. They are cashed up and have interesting projects. He thinks it goes higher over time. It…
Liberty Gold (LGD-T) TSE
Likes management. Note that there is nothing immediately happening. It’s not something to chase, but just accumulate over the summer. Turkey is not bad at all, it is a democratic system. Their mining code is working. He thinks they have permitted 10 mines in 10 years. This company is technically very, very competent. Sitting on…
Millrock Resources (MRO-X) TSXV
Precipitate Gold Corp (PRG-X) TSXV
Has no current plans to own this. Has a high regard for management, but his suspicion is that their cost of capital is too low. He sees them having a very difficult time thriving in the next 18 months. There are much better names out there.
Unigold Inc. (UGD-X) TSXV
Came out with really good results in Dominican Republic. Resource hopefully comes out by the end of the year.
Amex Exploration Inc. (AMX-X) TSXV
$45 million market cap. It has a gold project in western Quebec and hitting some high-grade at less than a meter, 600+grams/tonne. Their issue is continuity: will this grade continue? Now, it is an interesting play. Brent Cook: It's a narrow, high-grade vein but could be diluted which is a concern.
Harte Gold Corp (HRT-T) TSE
(A Top Pick Jan 09/19, Down 69%) He exited. They were likely undercapitalized, so couldn't endure any hiccups, probably overoptimistic and did not issue the best guidance. There is new management. The asset remains good, though. Their project is in northern Ontario, probably run on a shoestring budget at first, then ran out of money.…
Golden Arrow Resources Corp. (GRG-X) TSXV
Nice deposit. He can see where the deposit makes sense for Silver Standard (SSO-T). If you have been a holder of this over the course of the year, you might sell enough to have all of your risk out of it. If the silver price continues to go up as he expects, over the next…
Eldorado Gold (ELD-T) TSE
Gold companies remain cheap vs. the price of gold itself. There's a lot of room for upside. He's been taking profits to gold names to add new gold stocks to his portfolio (he specializes in precious metals). This is a hold with an $18 target. ELD has had a nice run.
Equinox Gold (EQX-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has missed on most the 3 most recent results. The company has also had to temporarily suspend activities in a mine in Mexico but also announced positive news at their Brazil mine. Has solid cash balance, increasing equity position, low debt and good liquidity. A…
Excellon Res Inc. (EXN-T) TSE
Dundee vs Excellon? DPM-T was a previous Top Pick and he would look to add to a position. It is one of the highest free cash flow generators in the gold producing space. Production continues to grow and costs are better than their peers. He would continue to hold it. Silver does have some upside…
Fortuna Silver Mines (FVI-T) TSE
Silver. It is a very cheap stock. There have been concerns about their African acquisition, but they feel it was a smart move. The important thing going forward is to get a hold of good quality reserves in the ground, so it was in fact a smart move. They also got a mine on the…
Iamgold Corp (IMG-T) TSE
(A Top Pick Dec 04/19, Down 6%) Problems bringing new mine on. Earnings forecasts going up sharply. Upside potential as measured by analysts is quite high. Trading at 40% discount to book value.
Wallbridge Mining Company (WM-T) TSE
(A Top Pick Mar 03/20, Down 28%) It operates in Quebec called Fenelon. The resource is there and they are very well-finance (Eric Sprott owns over 20%). Also, Kirkland Lake's CEO sits on the board and owns shares. Perhaps, the market is impatient, which has pressured shares, but WM is careful in moving forward.
Atac Resources Limited (ATC-X) TSXV
Agnico-Eagle (AEM-T) came in a while ago and made a 9.9% stake in this company. The stock went up, but it really hasn’t done much since then. Then Barrick (ABX-T) came in and said they really liked the deposit and wanted to do a joint venture. This is a much better approach that is better…
Dolly Varden Silver (DV-X) TSXV
Thinks the future of this company is in Heckla’s hands. There is a bit of a contest for the company. Sprott tried to become a shareholder and is a lender to the company. Thinks their time on earth is fairly short and that they will disappear.
Impact Silver Corp. (IPT-X) TSXV
CCL.B-T A great label maker. A fantastic story over the years. He would never recommend selling it. You also have IPT-T and have been selling weak with all the hurricanes in the last weeks. They create a lot of value but there is better value with IPT-T. He holds this over CCL.B-T because IPT-T are…
Kootenay Gold (KTN-X) TSXV
Doesn’t think the Promontorio is a large system. Did a deal to pick up Sunshine mine in Cour De Lene, which has a decent grade deposit but the issue with a lot of the companies in this area is dilution and mining costs.
Strategic Metals (SMD-X) TSXV
He is tempted to buy this because it is selling at a discount to the cash and securities in the company, and you get the assets for free. The thing that holds him back is that this has undergone a strategic change. At one point they were a prospect generator, using their acumen and other…
Pan American Silver (PAAS-T) TSE
Stockchase Research Editor: Michael O'Reilly PAAS is the world's largest silver producer and is a producer of other base and precious metals. It operates facilities in Canada, central and south America. Aside from silver's many industrial uses, it also acts as an inflation hedge. Overall, a good holding for an economy staging a comeback. EPS…
Torex Gold Resources (TXG-T) TSE
He feels its fair market value is more than 100% above its current price. This is a reasonable target given what has happened in the sector over the last 10 years. See his comments on gold stocks today.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Revenue grew 57% YOY despite soft results in Q4 2021 relative to expectations. A strong second half of 2022 financial year is expected. Holds $8.5M in cash. In talks with Microsoft for a deal. Continues to trade at relatively low valuation. Results were not spectacular…
Use this list wisely to identify buying opportunities.
Happy trading !!!