Earnings from the Canadian Banks continue this week.
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
Very strong management. Initial drilling in Mali is very promising. Stock was crushed, but there has been no deterioration in the company. Extremely cheap.
Chesapeake Gold Corp (CKG-X) Dec-04
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.
As commodity prices go up this one should do better. He likes the management and their philosophy. The balance sheet is in good shape. He thinks most of the tax loss selling has been done and it will go up now. He would like to find a good entry point to buy into it.
ADF Group (DRX-T) Dec-06
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.
Natural gas. Have announced some major deals with Crew Energy (CR-T) and West Energy (WTL-T) in the Montney region of British Columbia. Expects there will be production within the next year.
Sonoro Energy Ltd (SNV-X) Dec-03
Indonesia. It is raising money right now. Their interesting play is on a very large land plot. If they get the money it could be interesting. It is a small cap company. It is a name for you if you are interested in small caps.
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.
A play that could be triple / quadruple. Optical chips for next, next generation. 100 Gig data rates. High risk.
Good managers who own a lot of stock. The stock has been rangebound for years as they payout a lot of its cash flow. Broadcasting has its challenges, though. ET are leaders in their space, but they serve a limited audience, which keeps him away. If you own it, hold on and watch what the…
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.
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.
Bank of Montreal (BMO-T) Dec-04
You can buy any of the banks here in Canada. They have under-performed the general market. His favourites are RY-T and TD-T. He likes US banks right now, also.
Fine as a holding. But the majors are cheap enough, and they'll move first. Slightly higher losses coming to CWB because of the oil patch. It's a hold. Wouldn't worry about the dividend too much, but he'd prefer one of the majors at this stage.
Laurentian Bank (LB-T) Dec-05
It is the only unionized bank in North America. That is why it remains independent. They will struggle to get scale and as a result they have cut the dividend. There are better opportunities out there.
Very steady, despite Covid. Healthy capital, continues to pay dividend. Deferred payments have dropped. Well placed as the economy recovers. Trading at 12x earnings. Big enough to not go up and down like a cork. Yield is 3.95%. (Analysts’ price target is $69.27)
Hudson Bay Co. (HBC-T) Dec-05
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.
Dollarama Inc (DOL-T) Dec-06
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is very well run with a strong position in Canada.They have high debt but it should not affect their small dividend payments. Growth will be better in 2021. Unlock Premium - Try 5i Free
Input Capital Corp (INP-X) Dec-06
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.
Reitmans (RET-T) Dec-06
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…
(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.
Le Chateau Inc (A) (CTU-X) Dec-07
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.
Happy trading !