Most Anticipated Earnings: OLA-T, SU-T and more Canadian Companies Reporting Earnings this Week (Aug 03-07)

Opinion about VNP-T: Big customer is FSLR in the US. Revival in solar products, becoming more attractive as prices have come down. Numbers continue to ramp up. Still room to expand on revenue and earnings. It is a very niche product.

Opinion about SSRM-T: One of the most senior producers of silver. Silver is better than gold, as the bulk of silver production comes from copper mines. Silver just crossed $24, and there's lots of upside. SSRM has a $28 price target. He wants something that will benefit once inflation is realized.

Opinion about OLA-T: Thinks there is more room to go, but he sold 25% of his position.

Browse a daily summary of experts opinions on stocks and stock investment information.

Opinion about POU-T: Intermediate gas producer. Recently sold assets to raise $$ to deploy into operations. Good operational momentum, high impact assets. Very strong financial liquidity. High growth. Canadian gas prices have been weak, expected to improve in winter as LNG Canada comes on.

Opinion about ERO-N: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research ERO in June reached commercial operations at its Tucuma mine, which is good, but often results in some investors selling on news. Then, the copper market this week was sent into turmoil with Trump's import tax plan. ERO has received a couple…

Opinion about LIF-T: Long term for a retiree? Royalty on iron ore mine, where RIO is the operator. Great company over time. Great dividend yield, pays special dividends. Good holding for a retiree. Pretty steady, good income. He likes energy a bit better for clients, due to volatility in the metals space. Yield is 4.5%.

Opinion about WPM-T: Likes the royalty names. Challenge of current environment is that the sector was at such a psychological high earlier this year. Now it needs time to work that off.He lightened exposure in Q1. Good long-term hold, but he'd be nervous about piling in just now.

Opinion about LUG-T: Pullback of 25% from highs is in the range of many in the sector. Impressive numbers, strong production, 71% margins, revenue up 38%, net income up 53%. Paying out 100% of normalized FCF as dividends. Single mine in Equador, and that's the risk. She wants diversification. Political and operational risk in one mine.…

Opinion about IMG-T: AU vs. IMG Neither is in the lowest-cost quartile in the space. IMG is the most-improved gold story in Canada. He is a gold bull, but neither would be in his Top 20.

Opinion about ARTG-X: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research The valuation looks fine here and the company is going from no revenues to high revenues this coming year. There are some execution risks because of this but things appear to largely be on track. Add in a strong backdrop for metals…

Opinion about BTO-T: (A Top Pick Jul 24/25, Up 59%) (Note the shortish timeframe.)  Sold recently, and moved the $$ into ABX. Goose production (though having some issues) will replace Mali's and remove some geopolitical risk. 

Opinion about TXG-T: Trades at discount to NAV. Great move in past year. Mine in Mexico hitting end of useful life; moved to different mine on same property, brought it into full production without missing a step and already generating FCF. Found new assets underground, including copper. Still likes gold, though it's pulled back from highs.…

Opinion about RUS-T: Decent dividend. Valuation's pretty attractive. Likes that it's been around a long time and has seen multiple recessions. Cut dividend 20 years ago and never forgave themselves because of how the stock reacted. Doesn't take on a lot of material risk, just a refabricator and turns over inventory quickly. Steel prices may…

Opinion about MUX-T: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research MUX is a 'love it or hate it' stock. Mr. McEwen has his fans, and his not fans. He is an aggressive CEO, and has grown via acquisition. He had good success decades ago, not so much since. He owns 15% of…

Opinion about GGD-T: Gold mining development active in Mexico. At current prices, it's both a gold and silver producer. If the silver price begins to outperform the gold price, he suspects that the ratio will begin to favour silver. Risks of production, and political risks include a Mexican leader who's anti-mining at heart. If you…

Opinion about MGM.V: Doesn't like the sole risk exploration. If the story develops the people behind the company have the financial connections. The…

Opinion about LGD-T: 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…

Opinion about GENM-T: A palladium-copper developer in northwestern Ontario. Rates of return are just below 30%. This will be hard to finance, though they scored funding from Export Development Canada. Can they get equity financing. That's the key question.

Opinion about SKE-T: It is re-starting its Eskay Creek Gold-Silver Project. The cost of production and gold reserves are phenomenal so there is a quick payback on money spent and it can continue to expand. There is immediate and long term upside. Its price will move up and down with the price of the commodity.

Opinion about MTA-X: To manage risk, he sets up his portfolios starting with the biggest, which is FNV. More diversified than OR. He also owns OSK proper.

Opinion about ITH-T: Primary asset is an Alaskan property Livengood. Have been in the process over the last 3-4 years of proving it reserves. Interesting way to play gold because of volatility of a junior so be careful what you allocate to it. High potential development and pretty well developed infrastructure setting. Obvious takeover target…

Opinion about LUC-T: The company has suspended its dividend. They operate diamond mines in South Africa. They are looking into underground, from open pit. The cost is more expensive than thought. The price of diamonds has been reduced, though retail prices won’t change.

Opinion about WM-T: (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…

Opinion about FSY-T: Being acquired at $7 but because of the lower stock price, market indicates the deal is not going to close. Doesn't see this as a good way of making a quick buck. You are trying to beat the pros at a game that they are very, very good at.

Opinion about SU-T: One of his picks in the oil sands. Nicely diversified.

Opinion about IPCO-T: Generates all kinds of money. Really clear pathway to growth -- fully funded, and will increase FCF. Very long-life production. Adult supervision from the Lundin family, which controls it. Sees 45% production growth in next 2 years. Expects you’ll do well in share price appreciation and dividends for 2-3 years. In the 3-5…

Opinion about POU-T: Intermediate gas producer. Recently sold assets to raise $$ to deploy into operations. Good operational momentum, high impact assets. Very strong financial liquidity. High growth. Canadian gas prices have been weak, expected to improve in winter as LNG Canada comes on.

Opinion about EFR-T: Was stuck in a range until breaking out in 2025. Since then, is seeing marginally higher highs. It's now consolidating. If you own, hold on. If it breaks out, buy, but this could remain in consolidation for a while.

Opinion about RBY.TO: Doesn't believe in quality of assets. Company too new to determine whether a good investment. Good management, but not buying…

Opinion about PNE-T: Nothing wrong with the assets or management. It's just the market cap. Current environment is not conducive to meaningful outperformance by small caps. Small-cap model in Canada is essentially obsolete, they just can't afford to drill. Consider taking the tax loss. See his Top Picks.

Opinion about KEY-T: (A Top Pick Apr 09/18, Up 66%) Always felt it didn't get the credit it deserved. Great business. If Canada wants to be able to better defend itself on the global stage, perhaps it should bring more of the value chain within its borders instead of sending every oil and gas molecule…

Opinion about CEU-T: Consumable chemical solutions for the entire lifecycle of oilfields. Nice runup, but still likes it for 7-8% upside (not huge). Ranks 9/10 on fundamentals. Analysts peg it as Buy to Outperform. Yield is ~1.5%.

Opinion about KEL-T: Has deep assets, which they won't sell for 9-12 months, as they add others. He can't own every midcap, though this is good.

Opinion about TNZ-T: (A Top Pick Aug 18/25, Up 150%) (Note the shortish timeframe.)  Continued growth from existing assets, plus new acquisitions.

Opinion about LGN.V: Has been disappointed. A classic case of over promising and under delivering. They have kept the market cap pretty tight, so not…

Opinion about ESI-T: It is undervalued and has under-performed where it should be. Although it has rallied 30% BMO sees better opportunities in the oil services business. The next quarter is about paying down the rest of the $600 million debt. If all the debt is paid off then it needs to re-instate the dividend.…

Opinion about E-T: Very high margins, using nat gas instead of diesel for generators in its power division. Power division is growing quickly. Chart is beautiful, more room to run. Anticipates a $4-5 stock.

Opinion about MCB-T: Billy Kawasaki’s Insights - Billy's most-liked answers from 5i Research. A dividend suspension should certainly be viewed negatively. "Temporary" pauses have been known to last several years. EPS of 24c beat the 10c estimate, and revenue of $25.6M topped the $22.6M forecast. EBITDA of $6.5M came in 33% above expectations. MCB is…

Opinion about TXP-T: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research Q1 production was 7,015 b/d (80% gas), up 80% from the prior year period. Production fell 18% largely due to natural depletion. Cash flow was $6.1M vs $10.5M on the production decline but also due to lower prices. Debt fell, but is…

Opinion about IAG-T: Pressures on the asset management business in the sector remain intense. So you need to rely on the insurance side to carry the day.Instead, he prefers and owns SLF and MFC in the sector. Also likes their growth in Asian asset management.

Opinion about REI.UN-T: In Canada you want to be careful, especially in the retail space. We're seeing softness in the Canadian economy. In Q2, we had a negative GDP number. Consumer's stretched, and inflation since Covid has had an impact. He has no REITs in his portfolio. 

Opinion about DIR.UN-T: High quality, compelling growth. Trades at wide discount to NAV. Industrial markets are recovering nicely, positive momentum in Canada in last quarter. Portfolio split between Canada and Europe. Generates 16% rental increases in Canada, closer to mid-singles in Europe. Trades at 6.2% implied cap rate. Just sold 11 properties to CPP at low-mid…

Opinion about KBL-T: Billy Kawasaki’s Insights - Billy's most-liked answers from 5i Research. Star Mayan, acquired for $200M last June, has been reflected in recent quarterly results. Year-over-year comparisons for Q1 and Q2 will show strength from the added revenue, though analysts have already incorporated this acquisition into their estimates. The most recent quarter was…

Opinion about MFC-T: His preference is to own SLF and MFC in the sector. Likes their growth in Asian asset management.

3 Buy, 1 Hold, 2 Sell — 6 expert ratings on Element Fleet Management (EFN.TO). Latest rating: HOLD (Jul 31, 2026) by Brianne Gardner.

Opinion about CRR.UN-T: Great grocery-anchored shopping centres nation-wide. Defensive. Banners:  Farm Boy, Empire, Sobeys, Longo's. Sweet spot today. Lack of distribution growth until last year, but thinks growth can continue because some brands are growing market share. Safe 5.3% yield.

Opinion about KMP.UN-T: Very well managed. Company size is in the top 5. Originally focused on the Maritimes, which has seen a lot of population inflows. Expanding into other markets in Ontario such as Kitchener-Waterloo. Likes that they're experienced developers, always improving. Energy-efficient, new construction. Not facing high-rent pressures of others.

Opinion about MRC-T: NAV materially higher than share price. Doesn't see catalysts for NAV increasing, so discount will continue. Asset base is mainly retail and office, sectors that are somewhat out of favour. Earnings potential not great. Higher than average cost of debt.

Opinion about PLZ.UN-T: PE ratio In real the better measure is price to cash flow or FFO (funds from operations). Cash flow is more critical due to the high level of depreciation. He likes Plaza, but does not like the retail space. The management team is the best in Canada. It is undervalued. An okay…

Opinion about AI-T: (A Top Pick Mar 11/24, Up 14%) More conservative than TF, and he owns both. Core position. Nice dividend. Not trying to shoot the lights out, just want to collect the income and reinvest.

Opinion about MHC.U-T: Mobile homes, a great asset class. Lots of pricing power.

Opinion about ACD-T: (A Top Pick July 26/13. Up 18.07%.) A niche lender to small businesses. Very, very well run. They raise their dividend almost every year. Insiders own piles of stock. Very conservative. They are finding new ways to grow the bottom line. Have lots of capital, which is all deployed. Expects earnings will…

Opinion about SLF-T: It used to be all about SLF, the shining star. MFC was in the doldrums following the financial crisis. Recently, MFC has taken the lead. SLF has had issues with asset management. Chart shows it's not doing badly.If you own it, don't be afraid of it. He needs either a macro or…

4 Buy, 2 Hold, 3 Sell — 9 expert ratings on AtkinsRéalis Group Inc. (ATRL.TO). Latest rating: DON'T BUY (Jul 13, 2026) by Larry Berman CFA, CMT, CTA.

Opinion about CSH.UN-T: Focused exclusively on private-pay retirement side. Great growth story. Discounted valuation. Over 95% occupied and going higher. Margins increasing, which means double-digit compounded annual earnings growth rate through 2028. Yield is 3.05%. (Analysts’ price target is $25.27)

Opinion about CAR.UN-T: The sector has cooled off dramatically after Canada stopped admitting so many immigrants. We see this across the board in apartments and condos. This is on his radar. Is a yield play that's coming into a sweet spot, better than a year ago. He expects a better structure to immigration ahead and…

Opinion about SRU.UN-T: Up 10%, more to go? Defensive, lower growth. About 25% of rents come from WMT. Don't expect much growth. Hiccup last year from tenant bankruptcies. Trades in a range, and it's at the higher end. Stock could consolidate after the run it's had. Yield is very safe.

Opinion about AIF-T: Are now a pure-play tech company after selling non-tech businesses. With that cash, are buying back shares. They globally lead in software for data analytics valuing and monitoring commercial real estate assets (banks, insurance companies and property managers are clients). 75% of revenues are recurring and high margin. Trades at a huge…

Opinion about CF.TO: Banks are doing well, but unfortunately it is at the expense of the independent brokers in Canada. This is certainly cheap, but…

Opinion about AD.UN-T: Excellent CEO. Lends $$ to, largely, private firms. Even when its investments don't work out, somehow manages a very high ROIC. More and more prospects to invest in, especially in US. Payout ratio down to around 40-45% of cashflows. Now investing in smaller-cap companies, and working out very well. Still trading around book…

Opinion about GSY-T: Spin out from Accrete Energy (GZ-T). Quite small so conflicts with his view of sticking with good liquid stocks and strong balance sheets. Great asset base. Maybe would have been the ideal model 2 years ago before trusts became taxable. Big test will be how they do under the new scenario.

Opinion about SYZ-T: Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has good growth potential from here. Has good cash levels for acquisitions. Valuations have been compressed, presenting interesting opportunities for management. Wait until shares settle and sentiment reverses. Facing selling pressure right now. Dividend is sustainable at 75% of cash flow. Unlock Premium - Try…

Opinion about INO.UN-T: This is a French company. They own one building in Germany and the rest are assets are in Paris.Although the REIT is quite small there is a large backer who manages pension assets with other relationships in Paris and who is able to vend properties into the REIT. Thinks the drop is…

Opinion about IVQ.U-T: It is a healthcare REIT with a high concentration in the US. They operate medical office buildings, skilled nursing, and retirement homes. The market has not accepted this stock. It is rumoured to have gone through a strategic alternative process. It trades at a discount to net asset value. A sale might…

Opinion about DHT.UN-T: Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The royalty focus and the sector is interesting. The stock has done well following its public debut a month ago at $10. The company seems to be well managed and there is a good story and potential. Unlock Premium - Try 5i Free

Opinion about DIV-T: They buy the royalty rights for a company they are taking over. It is a high growth business. They have increased same store sales. The value will probably go up from here.

Opinion about FSZ-T: The problem is, they're small among asset managements; the larger ones move into selling ETFs. Pays a nice dividend, but margins are declining.

Opinion about OLY-T: Doesn't follow, so he can't really give an answer as to whether the dividend is sustainable. Yield of 6.35% isn't terrible. A really high yield of what a company earns is a warning sign, as the company will have to go into debt to sustain the yield.

Opinion about AIM-T: Has a one-year contract with Air Canada (AC-T) and you don’t know if that will be renewed. Be very careful with this. Have a sizable level of debt, and he is not quite sure how the business model will evolve. Despite the potential of a high dividend yield, you have to stay…

Opinion about SRV.UN-T: (A Top Pick Dec 14/23, Down 11%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with SRV.UN has triggered its stop at $14.50.  To remain disciplined, we recommend covering the position at this time.  

Opinion about HUT: Blockchain companies are a dime of dozen. Sorry. Expert opinions on Hut 8 Mining (HUT) — buy, sell, or hold ratings from Canadian…

Opinion about NCI.V: Similar to CGI Group, but operate in and around Saudi Arabia. Have grown a lot in recent years, but sold off in recent quarters…

Opinion about SHOP-T: Gets painted as sort of a software company, and those are out of favour. Price action is very difficult, and often feels like trying to catch a knife. His price target is ~$205. There are so many other clear opportunities out there than trying to wing it with this one.

Opinion about TOI.V: AI has had no impact on software demand. As a business owner who uses software, there's no way he switching to AI.Fantastic…

Opinion about KXS-T: Sector's under pressure from risk of AI disruption. Has never been consistently profitable. Early innings of shaking out software winners and losers. This may or may not be the bottom. If you step in, do so incrementally.

Opinion about PRL.TO: Likes it. Got caught up in the GSY short-selling, though PRL didn't do anything wrong. Niche product, with AI to determine…

Opinion about BYL-T: They make antennas for smartphones and other applications. Problem is that it's tough for them to make money. They buy a lot of companies. The target is 67 cents after falling a lot. Has little liquidity, under 60,000 shares daily.

Opinion about BCE-T: Telcos have been under pressure for quite a while, extremely volatile. She owns none of them. Until she sees a sector turnaround, she's staying clear.This name is still one of the Big 3. Still using capital to push into the US via Ziply. Good move to sell sports stake to Rogers. Rebuilding…

Opinion about QBR.A-T: Shares fell on Q4 over a concern that their wireless growth may be slowing with lower net additions. They only have 15% market share, but have a very good network that should give them a lower marginal cost as they are able to offer larger buckets. He models that they can grow…

Opinion about QBR.B-T: Telus and QBR.B are the 2 best stocks to own in the space. Telus will gush free cashflow, as it's beyond big capex cycle, low payout ratio. QBR.B is in a high-growth phase with Freedom Mobile acquisition, very careful capital allocators.

Opinion about OTEX-T: Its long-term pattern has broken down and has broken below $55 instead of rebounding. It's now consolidating and could return to its former low, bad news for long-term investors, but good for traders.

Opinion about TC-T: Sold because its ROIC returns started to get a bit wonky. In fact in last 3 years, ROIC has been negative. Satellite internet access has eaten the lunch of fibre. Hard to form a moat around its domain business. Wait for ROIC to be in excess of 20% for at least 3…

Opinion about TSAT-T: Global satellite provider. Has 51% of its business in Canada and 32% in US, balance in Europe and Australia and SA. Only 2 analysts cover it. Not very liquid. Analysts model big earnings drop from here, erratic and bumpy.Looks speculative. He prefers a clearer earnings profile.

Opinion about DCBO-T: Software solutions. Potential takeout at these levels. Does generate good cashflow, but his concern is that it may not have very big barriers to entry. Moat's not as big as you think, and that's reflected in the valuation. Could be more prone to AI disruption, not as sticky as some of the…

Opinion about SIA-T: TFSA suggestion for appreciation and income. Not actually a REIT, but a corporation. Offers a nice blend of both capital appreciation and income. Half its portfolio is government-funded, long-term care; other half is private-pay retirement homes. Stability of government funding + tremendous growth from aging baby boomers. Well-covered, safe yield of 4.1%.Sometimes…

Opinion about EXE-T: Amazing chart. In prime position to take advantage of the demographic story. More of an asset-light play in real estate. Ontario government's increasing funding to home healthcare providers, and it's the largest player. Managing margins well.High growth, still has legs to mid-high $30s.

Opinion about JWEL-T: To "pump up" portfolios across Canada. Founded in Windsor ON. Bought a California company a few years ago, so little to no impact from tariffs. Growing in China, where company's attention to quality makes it stand apart. Seeing takeouts of private vitamin/mineral companies at much higher valuations. Has grown dividend over last…

Opinion about CRON-T: This has a couple of interesting aspects. They have great genetics, and genetics are really important. If you are going to go recreational, you need a marijuana seed that produces a high quality product. They just doubled their 15,000 ft.² facility and will have a big expansion on their property. He likes…

Opinion about WELL-T: Tries to be a technology company, but has yet to prove it. Built up a great business during the pandemic, but has lost its execution way. Used to own, but then sold as dead money. (Analysts’ price target is $5.00)

Opinion about GUD-T: Value here. Market's looking for better consistency on earnings so it can keep on with its business model of buying "orphaned" drugs. On his radar because it's cheap.

Opinion about CL-CN: CURELF-N vs. CL-X. He really made a focus on the US for cannabis. He thinks the US MSOs have a tremendous amount of room to go. CURELF-N is one of the leaders. CL-X just did a deal in California, which is one of the biggest markets out there. He likes both of…

Opinion about CPH-T: It could become the next Paladin. It has great management and ownership along with a good outlook. It made a big acquisition in the U.S. and if the first two quarters go well the stock could go up.

Opinion about DR-T: Has pulled back a lot. It holds US medical property. It has suffered inflationary pressures, but will diminish in 2023 and the stock will recover. Don't sell it in the current Dutch auction.

Opinion about NLH-X: Doesn't know much about this. Shied away from it for now, because it doesn't trade much. Has the potential to be a bigger small-cap healthcare company, an area that he likes.

Opinion about VHI-T: Tech solutions for healthcare in Canada and the UK. A victim of the software selloff. Just as for DSG, its solutions are not at risk from AI. Absolutely mission-critical in hospitals and saving lives. Integrating a couple of big acquisitions made last year -- one's going great, while the other is taking…

Opinion about EDT-T: There is nothing more powerful than a base breakout, and this had one in February of this year. This one is on a trend line right now and there is absolutely nothing wrong with the chart.

Opinion about GTII-CSE: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research With continued negative stock momentum, some debt, and not a lot of growth expected (estimated EPS this year less than 2021) it is hard to get too excited about GTII. There has been some insider buying which is a good sign, but…

Opinion about MRE-T: Auto stocks are really struggling, both Canada and US, and they're right at the epicentre of this whole tariff battle. Beware the value trap -- something's gone down, looks cheap, but hasn't started going up yet. Chart doesn't look as though it's bottomed out yet.Though cheap, it could still go lower. Whole…

Opinion about NTR-T: Eroding confidence in near-term supply. If crop prices soar, farmers will have more $$ for fertilizer. Stock's not crazy pricey, but it is overstretched along with other commodities. EPS path over next 3 years looks flat. Better value elsewhere.

Opinion about WSP-T: Likes the construction business. Canadian government appears to be moving toward infrastructure spending, and WSP would capture some of that. If a massive project were announced, he'd be interested.Might have more upside, but he wouldn't add here. Too cyclical for him.

Opinion about FTT-T: She'd rather own CAT, which she's been looking at. Go to the company that makes the machinery, rather than to the distributor.

Opinion about DBM-T: Core holding in his income growth fund. Doing a good job of distributing lumber (LOW is a big customer), and stock's been moving up. Cyclical, but not as much as the chart would indicate -- reacts to headlines. Solid business. Nice yield.

Opinion about ADEN.TO: (A Top Pick Feb 03/23, Up 6%) Their architectural products come later in the building process. He sold last summer since it is…

Opinion about IFOS-X: Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research IFOS operates as a producer of specialty chemicals such as phosphate and specialty fertilizer. IFOS’s results over the years have been quite cyclical, though the company demonstrates organic growth over the full cycle. IFOS is trading cheaply at 5.2x Forward P/E with…

Opinion about ADN-T: Unique company in Canada that gives investors a way to own an uncorrelated infrastructure-type asset. No sawmills, just a pure play on timber land. Many institutions and pension funds would have a small part of their portfolio in it. Pays a dividend.

Opinion about GRID.TO: A number of trials ongoing with customers as they seek out contracts. Lumpy numbers. Smaller cap and very thinly traded, so…

Opinion about BOS-T: Won lots of contracts during pandemic, huge tailwind. Multiple has pulled back. In current environment, countries are spending more on gas masks, overboots, etc. Absolutely believes demand will pick up. Large contracts to be won, but the bid process has lots of moving parts. Quite bullish on the name.

Opinion about DII.A-T: They had huge writeoffs in 2018 and more could be coming. They got hit by the 25% tariffs. They have diversified into car seats, bicycles and furniture. The dividend has been eliminated. He is watching it, but too early to buy.

Opinion about DII.B-T: It's never done anything and has disappointed shareholders. He owned shares 10 years and sold it because he got fed up with its lack of progress.

Opinion about PBH-T: Trying to fill its excess capacity after years of investing in the US. Seems to stumble over and over in filling capacity. A bit exposed to economic cycle. Need to see better execution.Accounting practices are a bit aggressive, he's not a fan.

Opinion about SJ-T: The old high was above $90, happening twice since 2024, but the breakouts didn't last. Tariffs effect them? Probably. Avoid.

Opinion about NFI-T: Investor has been building a position over the past year on weakness. Supply chain issues, on and off. It's a complex business with the 1000s of components required (if you're missing just one you can't ship the bus, inventory builds, and you have a working capital problem). These issues are transitory, though…

Opinion about SPB.TO: Propane is more volatile than natural gas, highly dependent on weather, and faces lots of seasonal margin pressure. A positive…

Opinion about LAS.A-T: Good business. Packaged food and juice. Success in US growing through acquisition. Pressure from input commodity costs. Things seem to have stabilized from Covid margin pressures. Strong balance sheet. Not overly liquid. Fairly reasonable valuation. On his radar; if it pulled back, might take a position.

Opinion about CAS-T: Huge new facility is coming onstream, and fundamentals in containerboard are more solid than in the very competitive tissue market. Facility over budget, so will take a while to get a return. Focused on debt reduction.

Opinion about IFP-T: Demand for lumber will continue to increase.Short term weakness in housing (recession) not a concern for long term investors.Expecting performance for long term investors. 

Opinion about WJX-T: Medium-quality, in the competitive industrial space. Not a long-term compounder. Exposed to all kinds of risks including tariffs. Capital intensive; real FCF not as high as it appears. 

Opinion about LCFS-T: Flagship renewable diesel project coming online next year.

Opinion about TWM-T: Frustrating the last year. In 2023, they were spinning off assets and paying down debt, which was good, but the new CEO has since been building new projects, triggering a sell-off. Meanwhile, they can't sell their renewable assets because US companies are offloading their carbon credits here in Canada. Tons of uncertainty…

Opinion about PKT-X: Bullish on the macro for industrial warehousing. Likes the focus in Toronto. Likes management. A show-me story, small. An opportunity. He's confident in their ability to grow. A bit expensive, so it's a bet on management and growth. On his radar for attractive entry points.

Opinion about CWEB-T: Wellness drives CBD demand and there's more competition entering this space. The CBD market continues to expand into drinks and food. He used to own this, but sees better opportunities. But CWEB is one of the U.S. leaders in this crowded space, so it's okay. You want to be in this space.

Opinion about ALC-T: Investor's down after 3 months. Anthony runs his firm's "dark horse" fund, and he'd say this name is one of the more interesting ones. The firm owns a bit. Anthony would say the stock's either going to be $10 or $1, but really hard to predict. Story is far from played out.…

Opinion about WEED-T: Cannabis has had weak returns on capital and he has seen too much capital invested and destroyed. He doesn't see it as a space to invest in. Wants to see major consolidation and improvement in regulation.

Opinion about DXT-T: Benefitting from Build Canada initiatives, exposed to construction of modular housing units (still lots of spare capacity). As they fill that capacity, it's a very high-margin business. High quality. Optionality to keep making highly accretive acquisitions. 

Opinion about SIS-T: Constant demographic push for this stock. Tends to spike up and then consolidate. If not owned, step in by thirds. Buy 1/3 now, another 1/3 lower down, and then the final 1/3 actually higher than the first (as you know momentum is supporting you).

Opinion about KITS-T: Kudos to management. Online model continues to grow, both in glasses and contacts. Fairly aggressive revenue targets, and right now that's $500M (at which point they'll probably sell the company). Choppy stock. Lumpy around quarterly reporting on expectations vs. reality.

Opinion about PZA-T: A yield play. He hasn't looked closely enough to give an opinion on its valuation. Yield is ~6.1%.Disclosure:  His firm holds it only in the sense that a few clients came in already owning it, and those clients are happy with the dividends.

Opinion about QSR-T: CEO turned around Domino's Pizza, and that's why he owns the stock. Nothing to fix at Tim's, still working on Burger King. Tim's is undervalued. Headwinds:  beef prices are higher, food prices have gone up, delivery costs have increased. Multiple's not high, very well run. Royalty business, all free cashflow. Spending to spruce…

Opinion about SAP.TO: He's staying away from consumer staples stocks, unless they have some real edge. With dairy products, hard to get a margin and…

Opinion about LNF-T: Chart shows it making higher lows since end of 2023. Bouncing off support and hanging in. It's a thin trader, which means it doesn't trade as actively as other stocks. This sometimes makes it hard to read technically. Two previous highs look to be ~$30 -- combined with the consistently higher lows…

Opinion about RSI-T: It enjoys an oligopoly. Be cautious about the sugar sector. The new third player is a disruptor and could be detrimental to the industry. 

Opinion about AQN-T: Sold most of its renewables business. Coming out of some very dark years. Continues to put $$ in. Attractive looking out 5 years as new management regains footing and builds confidence with investors. Will grind higher. Yield is ~5%.

Opinion about EMA-T: Delivers power and that thesis is still going strong, no matter if price of oil drops. Nova Scotia has been tough, but Florida/Mexico is positive. Still getting dividend yield and growth. Will continue to grow steadily, though pace of growth won't be what we've just seen.Hard to buy at these levels, but…

Opinion about MXG-T: Well run company. Long term hold.