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Earning Reports to Watch (Dec 3-7)

Melisa R. H. Posted On December 3, 2018
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Earnings this Week

Earnings from the Canadian Banks continue this week.

After Bank of Nova Scotia, Royal Bank, CIBC and TD last week, it’s time for National Bank, Bank of Montreal, Canadian Western Bank and Laurentian Bank to report earnings.

Another noteworthy earnings report that many are waiting for is Dollarama‘s. The DOL stock has been beaten up lately, hopefully it can show it’s still a growth stock. It’s set to report earnings on December 6th 2018.

Here’s the list of companies on the Canadian Stock Markets listed on Stockchase reporting earnings this week…

🛢 Basic Materials

African Gold Group (AGG-X) Dec-03

African Gold Group Inc. (AGG-X) — Stockchase
African Gold Group Inc. (AGG-X) — Stockchase

Very strong management. Initial drilling in Mali is very promising. Stock was crushed, but there has been no deterioration in the company. Extremely cheap.

stockchase.com stockchase.com

Chesapeake Gold Corp (CKG-X) Dec-04

Chesapeake Gold Corp. (CKG-X) — Stockchase
Chesapeake Gold Corp. (CKG-X) — Stockchase

Could be a repeat of Francesco Gold which was a very large success. Good management team. The stock has become somewhat of a cult stock. Thinly traded. Good cash balance. Needs a lot of patience.

stockchase.com stockchase.com

Major Drilling Group International Inc (MDI-T) Dec-04

Major Drilling Group International Inc (MDI-T) — Stockchase
Major Drilling Group International Inc (MDI-T) — Stockchase

Demand for base metals is likely to continue strong as we move to clean energy. Day rates and margins are quite strong.

stockchase.com stockchase.com

ADF Group (DRX-T) Dec-06

ADF Group (DRX-T) — Stockchase
ADF Group (DRX-T) — Stockchase

The chart looks good with nice volume. It's been trading sideways for a while. It looks like it's starting to fill in the drop that it has. It looks like it could go up $.20-$.30 with a stop-loss at $1.10.

stockchase.com stockchase.com

⚡ Energy

Canada Energy Partners (CE-X) Dec-03

Canada Energy Partners (CE-X) — Stockchase
Canada Energy Partners (CE-X) — Stockchase

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.

stockchase.com stockchase.com

Sonoro Energy Ltd (SNV-X) Dec-03

Sonoro Energy Ltd. (SNV-X) — Stockchase
Sonoro Energy Ltd. (SNV-X) — Stockchase

Disclosure: He expressed interest in their private placement. He likes SNV because it is located in Sonoro, Mexico where there's been high historic gold production. They yield half-gram of gold per tonne. They will have a new preliminary economic assessment by end of June and are expected to go into production by end of 2021…

stockchase.com stockchase.com

TerraVest Capital Inc (TVK-T) Dec-05

TerraVest Capital Inc (TVK-T) — Stockchase
TerraVest Capital Inc (TVK-T) — Stockchase

A conglomerate and he isn’t a big fan of this model. A well-known catalyst investor has just purchased about 19%. May sell of some weaker units.

stockchase.com stockchase.com

💻 Technology

Enablence Technologies Inc (ENA-X) Dec-03

Enablence Technologies Inc. (ENA-X) — Stockchase
Enablence Technologies Inc. (ENA-X) — Stockchase

A play that could be triple / quadruple. Optical chips for next, next generation. 100 Gig data rates. High risk.

stockchase.com stockchase.com

Evertz Technologies Ltd (ET-T) Dec-05

Evertz Technologies Ltd. (ET-T) — Stockchase
Evertz Technologies Ltd. (ET-T) — Stockchase

Follows it, but it's a bit small for his concentrated portfolio.

stockchase.com stockchase.com

Cortex Business Solutions (CBX-X) Dec-06

Cortex Business Solutions (CBX-X) — Stockchase
Cortex Business Solutions (CBX-X) — Stockchase

It is a greener form of cement. They use a lighter form of concrete to be a base, instead of Styrofoam. The product is fairly new but well received so far. They will probably look at making acquisitions.

stockchase.com stockchase.com

👨‍⚕️ Healthcare

Kalytera Therapeutics (KALY-X) Dec-03

Kalytera Therapeutics (KLY-X) — Stockchase
Kalytera Therapeutics (KLY-X) — Stockchase

Just announced a discovery in Columbia. Flow tested over 2000 barrels per day. This well could produce up to 5000 when brought into production. A very well distributed stock so it might not jump too fast. Company could get taken out.

stockchase.com stockchase.com

🏛 Financials

Bank of Montreal (BMO-T) Dec-04

Bank of Montreal (BMO-T) — Stockchase
Bank of Montreal (BMO-T) — Stockchase

Sell half of NA to buy BMO? This trade makes sense. Canadian banks have been under pressure given economic slowdown. All the banks grow earnings nicely and return excess capital to shareholders via buybacks and dividends. BMO has done a great job with Bank of the West acquisition. He's tilting toward more US exposure, as…

stockchase.com stockchase.com

Canadian Western Bank (CWB-T) Dec-05

Canadian Western Bank (CWB-T) — Stockchase
Canadian Western Bank (CWB-T) — Stockchase

CWB vs. NA Between these and the Big 5, he'd prefer one of the 5. Between this and NA, he'd prefer NA. NA is better diversified in lines of business and geographically. NA has better scale advantage, management, and capitalization. High single-digit dividend increases from NA are pretty reliable, though its dividend increases may pause…

stockchase.com stockchase.com

Laurentian Bank (LB-T) Dec-05

Laurentian Bank (LB-T) — Stockchase
Laurentian Bank (LB-T) — Stockchase

Earl: Management change. Digital cost control, great footprint in Quebec. Under the radar for years. Transformational plans.

stockchase.com stockchase.com

National Bank of Canada (NA-T) Dec-05

National Bank of Canada (NA-T) — Stockchase
National Bank of Canada (NA-T) — Stockchase

NA vs. CWB Between these and the Big 5, he'd prefer one of the 5. Between CWB and this, he'd prefer NA. Better diversified in lines of business and geographically. Better scale advantage, management, and capitalized. Its dividend increases may pause if credit losses get too high. Otherwise, high single-digit dividend increases are pretty reliable.

stockchase.com stockchase.com

🛍 Consumer

Hudson Bay Co. (HBC-T) Dec-05

Hudson Bay Co. (HBC-T) — Stockchase
Hudson Bay Co. (HBC-T) — Stockchase

Nicknames it Hit By A Car like its chart. HBC is all about its real estate holdings; that's the reason you own this. Doesn't know if the current rally signals a buy. Can't predict this chart. Even consider selling it.

stockchase.com stockchase.com

Dollarama Inc (DOL-T) Dec-06

Dollarama Inc. (DOL-T) — Stockchase
Dollarama Inc. (DOL-T) — Stockchase

Great short, medium, and long-term investment. Very well managed. Great balance sheet. Good long-term, predictable growth. Foot traffic is up, as is basket size. Same store sales growth is quite robust. Great purchasing power and scale. 3% annualized earnings growth for next 3 years. Lots of free cash. Majority ownership in South America's Dollar City…

stockchase.com stockchase.com

Input Capital Corp (INP-X) Dec-06

Input Capital Corp (INP-X) — Stockchase
Input Capital Corp (INP-X) — Stockchase

They do canola mainly. At these prices the stock is so cheap. He sold because he was not seeing enough capital being deployed in Canola streams.

stockchase.com stockchase.com

Reitmans (RET-T) Dec-06

Reitmans (RET-T) — Stockchase
Reitmans (RET-T) — Stockchase

He owned it at $3.81 and sold it at $3.00 and is glad he did. Management is getting old and stodgy. As the stock has been thrashed following the share buyback program, he thinks the balance sheet still looks okay, but the cash position is not as good. Last quarter they lost a lot of…

stockchase.com stockchase.com

Brick Brewing Company Ltd (BRB-T) Dec-07

Brick Brewing Company Ltd. (BRB-T) — Stockchase
Brick Brewing Company Ltd. (BRB-T) — Stockchase

(A Top Pick Jun 18/18, Up 1%) Still likes it. It's well-run. They're growing their brands and they have a big opportunity to get into cannabis beverages which will be legal in Canada in October 2019. BRB is well-positioned for this and this market could be very large.

stockchase.com stockchase.com

Le Chateau Inc (A) (CTU-X) Dec-07

Le Chateau Inc. (A) (CTU-X) — Stockchase
Le Chateau Inc. (A) (CTU-X) — Stockchase

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.

stockchase.com stockchase.com

Happy trading !

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