Weekly 52-Week Low (or 52-Week High): AD.UN-T, MFC-T, GCL-T, S-T and More 52-Week Highs and Lows (Nov 13-19)

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research EPS of 69c rose from 61c last year and beat estimates of 53c; revenue of $42.1M was marginally ahead of estimates. EBITDA fell 16% to $33.5M and was marginally below estimates. With a royalty company, the main concerns are the sustainability of the dividend, the…

Has more room to run. It trades at a discount to peers. Its backlog has never grown better. They have a nuclear side to their business at Bruce Power. A lot going on and he likes it.

BBU vs. BN Own BN, because it's the mothership; everything flows to them. BN has been under pressure for owning office real estate, which is very undervalued and will take time to resolve. They own a big stake in BAM, which is the gem in this lot, because BAM collects healthy fees which flow to…

Rank #4 in terms of bank assets here, but they lag in the US. Maybe BMO can grow now that TD is capped. It's expensive, but still likes it. However, wait for their next earnings; there could be a further correction.

What to choose from the Brookfield stable? One of his go-to names in the Brookfield suite. If you're after growth, look at BN; the parent that owns all the entities underneath, including a big chunk of BAM. Private asset markets are still quite strong. Good for the younger folks who are looking for more torque…

Laggard compared to peers. Partial investment in KEY in the US, with market expectations that investment will be increased over time to expand footprint. Net interest income would actually increase with falling rates. Loves the valuation and shift in strategy. Yield is 5.6%. (Analysts’ price target is $70.73)

(A Top Pick Nov 03/23, Up 51%) Excellent company performance. Post Covid-19 recovery has been very strong. Business continues to remain strong. Will continue to own. Expecting earnings to continue growing. M&A has also been very strong. 

CIX vs. BAM Are very different asset managers. CI's balance sheet is not good. Prefers BAM, but shares have risen to a high valuation. Great managers and earnings stream (asset management fees).

National Bank is buying it. Price of shares of CWB has risen because of National's performance. NA is paying more than fair value for CWB. Is confident the deal will happen.

Uses leverage. Pays lots of yield. Highly volatile. Can be risky depending on markets.

It is a basket of common stocks including big U.S. companies. He is not sure about it but it is doing well for the caller. Income is the focus.

In general, he doesn't like split shares or different structures. Usually these "splits" are made up of common and preferred shares, and he's not a fan of preferreds. If he wants income, he'll just own stocks that pay dividends or buy an income product.Keep it simple. If you like ENB, then buy ENB.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research We cover EQB and we have also had it in our growth model portfolio for some time now. We are quite comfortable with the name - the management team is strong, the business is expanding into new product lines, and it is overall gaining market…

Leverage allows them to provide such a large dividend. Typically 2:1 leverage, so you get double the bang for the buck. Lots of volatility, big ups and big downs. When markets are working, work great. Up to the board of the fund as to what distribution they pay out.Over 20 years, you'd have done better…

Leverage allows them to provide such a large dividend. Typically 2:1 leverage, so you get double the bang for the buck. Lots of volatility, big ups and big downs. When markets are working, work great. Up to the board of the fund as to what distribution they pay out.Over 20 years, you'd have done better…

(A Top Pick Sep 10/24, Up 15.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with IGM has achieved its target at $44.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $35.50) to $39.00.  

Excellent trend. Likes setup of the chart - would recommend buying at this price. Seeing value in the current share price. Bank appears to be a M&A candidate, or a turnaround story. Support appears to be there for a recovery. A stop loss strategy could also protect investors. 

LBS vs. FTN An interesting structure, but they have their own at his shop. One is a play on ENB. Very optimistic about the potential for ENB to continue raising its dividend. He also has a real estate split with a mix of long-term value REITs and industrial exposure to access the e-commerce trend.

This is a seasonal period when Lifecos in general tend to do well. This is a special vehicle where they buy a lifeco, split it up and give the capital appreciation to one half, and the dividend to the other half. Dividend yield of 19% is extremely high, and he is having trouble with that.…

They turned around to regain investor confidence, but he's cautious buying it now. Is reasonably valued. Tricky. Pleased with it, but the company hasn't changed fundamentally.

If you're in a bull market, you want to own the strongest stocks you can find. He prefers "good, getting better", some kind of positive change that could add to the valuation, and where other people agree with him. He owns RY, CM, and NA; firing on all cylinders.

Trades on the TSX, but owns retail exclusively in the US. Grocery-anchored is quite defensive. In southern US and secondary markets. Not seeing the same growth as peers. Occupancy down. Look elsewhere.

Owns shares in the business. Very strong franchise in Canada. Recent 52 week high of share price indicative of business success. Very strong assets with reliable dividend. Would suggest a good long term investment. 

Stockchase Research Editor: Michael O'Reilly We reiterate BIPC as a TOP PICK.  The company has acquired 40 data centre sites, allowing it to exploit its utility expertise.  It trades at 4x earnings and supports a robust ROE.  We like that cash reserves are growing, while the company pays a reasonable dividend, backed by a payout…

(A Top Pick Oct 06/23, Up 20%) Is tied to interest rates. Long rates have rebounded lately. A very well-managed company with 51 straight years of raising their dividend. It will remain a core position.

(A Top Pick Oct 10/24, Up 27%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with AC has achieved its target at $22.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $15) to $17.

Very strong portfolio of engineering and design and consulting. Plays into infrastructure, energy, and environment. Focus on nuclear will be important, with 15% of revenue coming from there. If Hwy 407 were sold at a good price, would be a catalyst to create value (but he wouldn't buy something just because there might be a…

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research CAE EPS of 24c beat estimates of 19c; revenue of $1.13B beat estimates of $1.08B. Backlog is now a record $18B. We have liked the stock historically, but it has had lots of execution issues. It has high market share, but we always thought it…

(A Top Pick Jan 18/24, Up 33%) Also pays a big, fat dividend, which sometimes you need to be cautious on. Drawing a linear regression line helps the chart make more sense, especially with a volatile stock. Linear regression helps you see through all the peaks and valleys. Stockcharts.com is a good place to go…

Owns shares in company. Has done well the past year. Expecting further upside going forward. Dividend is expected sometime soon. Subcontracting business from Air Canada very good for reliable revenues. Price multiple not as high as it should be. 

Sawmills and other building material sites in Canada and US. Building out larger US presence through acquisition. Earnings were fine, but stock dropped. Revenue far below expectations, but cashflow in line. Great job managing inventory and cash to pay dividend. Homebuilding should remain strong. He's looking to top up his position.

Pretty small, not profitable. Only a 23M market cap. Radar based technology for the mining industry. Recently certified by the aviation industry. It must prove that it can be cash flow positive.

Has fallen far from its highs and getting closer to its fair market value, but that is still 28% away. It could fall to $85.

The space has been a fantastic investment. There aren't a lot of options for getting rid of garbage. Once you're on their books, they can gradually increase prices. The issue is that valuations are quite high, and always have been. High barriers to entry. When stocks come off, the expensive ones come off the fastest.

(A Top Pick Sep 12/24, Up 22.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FLEX is progressing well.  To remain disciplined, we recommend trailing up the stop (from $25.00) to $27.50 at this time.  

Excellent asset base - very had to replicate. Consistent dividend increases. Cheap valuation given cash flow abilities. Company will perform well regardless of economy. Has a long history of quality dividends. Portfolio of growth projects for the next 5 years. 

(A Top Pick Aug 31/23, Up 42%) Excellent company with very strong assets. Skilled management team that is able to allocate capital well. Market starting to recognize value of company - expecting 20-30% upside. Dividend very safe. 

They have two plays. It is pressured because of debt load. Production came down in the third quarter and should now increase. They should knock debt down with the sale of two non-core assets next year. It needs a catalyst before the market will revisit this story.

Owns small amount of shares. CEO very good at finding oil. Company has large amount of insider ownership. Contrarian leadership. Currently trading at discount to NAV. Very strong dividend yield, building cash flow and buying back shares. Good value in other energy names, but is a quality company. 

(A Top Pick Sep 20/23, Up 23.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PSK has triggered its stop at $23.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 27%, when combined with our previous recommendations.  

SU vs. CNQ He doesn't generally participate in the E&P space, as it's hard to make decisions based on the underlying commodity price. Bigger picture, still huge demand for Canadian oil and gas on world markets. EVs won't take over anytime soon.SU had been an underperformer and a laggard. Management changes have resulted in turning…

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research TNZ reported Q3 EPS at $0.71 which beat analysts’ estimates of $0.007. Revenue came in below forecasts of $16.6M at $15.05M, nearly doubling year-over-year. Fund flow from operations (FFO) was $4.8M or $0.16 per diluted share versus the same period a year prior at $2.3M…

Well-run company. Always trades at a bit of a discount to the sector because of the nature of the business. Not a bad one to get into.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research We like TPZ for an income play as it pays a good dividend yield of 5.4%, generates good free cash flow, and does not have too much debt. Its balance sheet is strong, forward sales and earnings estimates point towards high growth rates, and overall…

Does not own shares - prefers Enbridge. However, company is overall a great business. Recent Southbow spin out has left company as a pure gas company. Very good assets - hard to replicate. 

Only $100M market cap, but good liquidity. Doesn't think it will be at $100M for too long. Sophisticated cameras and monitoring systems for parking lots. Really high margins. Will probably grow at 75% a year, this year and next. Should be $3 in 2 years' time. No dividend. (Analysts’ price target is $1.72)

(A Top Pick Jul 04/23, Up 78%) Excellent company with strong prospects. Will continue to own. Spin off from Constellation software. Will continue adding when share price is weak. Excellent margins with software products. Able to do large acquisitions. 

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research EPS of 28c beat estimates of 17c; revenue of $282M beat estimates of $277M. EBITDA of $55M beat by 3%. Backlog is $4.6B. Revenue and EBITDA guidance was raised, and the company says it will be cash flow positive in Q4. Sales growth should be…

Has lagged the Canadian tech sector. Used to own, wouldn't be back in soon. On its recent partnership with ADBE, he tends to own the big payment systems like MA and Visa, big beneficiaries of the resurgence in the economy. 

Be cautious of very long timelines. Extremely high-grade copper deposit. Political winds are against it, as US government denied funding for access roads. First Nations are solidly in favour of the project. Own it for the extremely high potential value.

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.

(A Top Pick Apr 28/21, Down 67.4%) Are building online grocery sales now. When he recommended it, he expected another leg up--and shares rose last summer on good numbers. But he sold this around $10 because he was concerned the company was no longer focusing on meal kits and was spending a lot to enter…

He owns it and likes it even though the price movement has been disappointing. It is consolidating here. Analysts have a $38 to$42 price target.

He sees it as a short. The stock has moved down for two years. The revenue growth has been impressive but not even close to profitable.

He's bullish on natural gas for next year, though not now because of bloated storage and too-high US production. Suffers from challenges of a smaller company, just not hitting the radar screens. See his Top Picks.

Owns shares in this business. Printing business that has been around for a long time. Did some M&A about 1 year ago that is going well. Business has doubled the past year. Printing business is not a growth industry - but digital asset management business growing. Good for a short term trade - not a…

They own a series of food distribution businesses. It appears they are not making any money from them. It appears to be a scale problem.

Earnings not as good last quarter (recent for share price weakness). Overall - a strong business that is consistently profitable. Consolidation in sector will help. A great example of a cyclical growth company. Would recommend buying on weakness. 

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research In late October SVI did miss estimates, and then saw some broker downgrades. It then made two acquisitions ($10.5M) in early November but there has been no other news of any note. We think it is an OK company but it has a very significant…

A lot of $$ was made, but now investors have come to realize marijuana is just a commodity. The company bears all the costs, but it has the federal/provincial government as a partner that shares equally in all the upside, but none of the down. Even advertising is restricted.For a consumer stock, he holds Unilever.

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 and debt with…

They have option agreements with major partner Rio Tinto, but these have been under dispute for the past year. It's worth tens of millions of dollars. The stock has fallen because of this battle; investors have lost patience. He owned this before the legal battle and didn't want to wait for it to be sorted…

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.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research It is certainly not beyond possibility. Bloomberg default ratio is 7.36%, which is very high for that indicator. Cash flow was negative in the last quarter, yet 12-month interest expenses were $36.1M net. With its small size and Cuban and other issues, we are not…

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research EPS of $0.11 missed estimates of $0.13 and revenues of $42.41M missed estimates of $44M. Its FFO increased by 29% against the previous quarter, and its operational efficiency improved by 3% in average production. It demonstrated drilling cost reductions in the quarter, however, against the…

It's time will likely come, but he has a hard time understanding the geology of the project. He doesn't own stocks where he doesn't understand the geology. He holds OR instead. 

He did his deeper dive. He's going to sell on strength. Not willing to sell here, but he's not adding. Very discouraged by the company's recent moves.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research On Wednesday, Mr. Jeremy Raper of Raper Capital issued an open letter to Bragg Gaming, requesting the company to consider the immediate pursuit of strategic alternatives, including a full or partial sale of the company. Mr. Raper is self-reported to own 375,000 shares of Bragg…

Had owned this a long time. He still likes their assets, offshore in Europe and Taiwan, but the market dislikes the latter. Is an attractive take-out candidate. They can divest assets in Europe or Colombia. Bad managers before, but now good, but their assets matter more and they are good. Collect the over 5% dividend…