Earning Reports to Watch (Dec 17-21)
Few companies report earnings so close to the holidays but a few do publish their numbers this week. Among the list, Blackberry (which also makes our 52-week low list) is set to report earnings on December 20th, management is surely hoping it will help stop the stock going down.
Here’s the full list of Canadian Companies on Stockchase reporting earnings this week :
In a patent dispute with Citrix (CTXS-Q), which looks like it is going their way but the same thing happen to him or five years ago when one of the judges derailed the whole process. Now back on track, but Citrix has a lot of firepower and money so they can delay it. Long, drawn…
Arht Media (ART-X) Dec 19
Phenomenal technology. One of the problems is to get it into mass production, as it's expensive. 12-month price target is around 18 cents.
BSM Technologies (GPS-T) Dec 19
Uses their GPS system to figure out where trains are, and to more accurately schedule trains and service vehicles for people working on the rails. Reported on Aug 14 and earnings were down 10%. That was against a 32% increase in sales. In the coming quarter, earnings are expected to be down 75% year-over-year. Great…
BF-N vs. CE-X. BASF is the world's largest chemical company. It sells at a high premium. There is concern that prices are too high to last.
Blackbird Energy Inc (BBI-X) Dec 18
BBI-X is the old ticker. The merger involves a 10 for 1 split. PIPE-X shows a couple of weeks of trading and that is what to go by. They are coming on with new production facilities soon. By the end of the year, they will go to 10 times that. He thinks it is cheap…
Mega Uranium Limited (MGA-T) Dec 19
Attracted to the valuation and off-the-radar speculation. Whole sector is moving up and will continue to. Trades at a substantial discount to NAV. Successful management team. Likes the range of assets.
🛢 Basic Materials
Cymat Technologies (CYM-X) Dec 17
Metal foam technology. Have an application where they can put it into armoured vehicles for blast disbursement. Also have some small deals on the architectural side. In this environment he doesn't think people will be paying a whole lot of attention to it.
Le Chateau Inc (A)(CTU-X) Dec 17
This has been a very difficult stock. Recently reported a very bad quarter. He would stay away from this one. Inventory has gone up a lot and their margins have fallen. Cut the dividend totally. Thinks they are in a bit of trouble.
Resverlogix Corp (RVX-T) Dec 18
(Market Call Minute.)Reversing of bad cholesterol in clinical studies. A little early for him but has potential. Speculative.
Medmira Inc (MIR-X) Dec 19
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…
Microbix Biosystems (MBX-T) Dec 19
Very positive on the stock price, the company, and the partnerships they're announcing. Technicals indicate the stock may head toward 90 cents, but he says higher. Just won a contract from the Ontario government. Covid testing isn't going away. Sales should triple in the next 12 months.
Enwave (ENW-X) Dec 21
He owned the stock years ago. They dry things like food. They are now getting into the marijuana space. It has done very well lately but if they are going to get meaningful contracts, they are going to do well.
BlackBerry (BB-T) Dec 20
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research The guidance was weak, and BB faces numerous challenges. But the company is still undergoing a strategic review, following overtures for a takeover. This remains a possibility, but it is hard to endorse on that alone. Fundamentals remain weak and much worse than expected. The…