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Earning Reports to Watch (Dec 3-7)

Melisa R. H.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

An extension on one of the belts where Newmont has a major mining project in Ghana.

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

He doesn't own any drilling stocks. As economy recovers and more resources are needed, drilling companies will do better. Would prefer Trinidad (TDG-T) because of the yield. Use a stoploss at the 50-day moving average, but once you see the market rollover, exit and take your profit.

stockchase.com stockchase.com

ADF Group (DRX-T) Dec-06

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

Very risky. Got into trouble on some contracts.

stockchase.com stockchase.com

⚡ Energy

Canada Energy Partners (CE-X) Dec-03

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

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.

stockchase.com stockchase.com

Sonoro Energy Ltd (SNV-X) Dec-03

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

He likes management. They have a big land area in Indonesia. It looks like a very interesting story but he is waiting for a meeting with management.

stockchase.com stockchase.com

TerraVest Capital Inc (TVK-T) Dec-05

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

Looks for and acquires undervalued Canadian companies. Uses public market valuation and private market valuation, which has a big spread between them, and arbitrages them.

stockchase.com stockchase.com

💻 Technology

Enablence Technologies Inc (ENA-X) Dec-03

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

Involved in fibre-optics to the home. Interesting new technology. Would not buy until it is closer to the time when their first chips start coming out in ’07 and then wait to see if they can ramp up volume production.

stockchase.com stockchase.com

Evertz Technologies Ltd (ET-T) Dec-05

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

A Canadian tech company involved in broadcast equipment as well as software in cloud-based video-degined networking. They re-invest 10-20% of revenues into R&D to make sure they stay ahead of trends. The CEO/co-founder owns 65% of the stock. In Raptors games, the officials review plays on screens supplied by Evertz (Analysts' price target $19.25)

stockchase.com stockchase.com

Cortex Business Solutions (CBX-X) Dec-06

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

Enterprise network largely for oil/gas companies and suppliers for processing payments, purchase orders and receivables online, which eliminates paper/staffing. Also has connectivity to Blackberry for field work. About $2 million revenue growth but at the turning point of ramping this up.

stockchase.com stockchase.com

👨‍⚕️ Healthcare

Kalytera Therapeutics (KALY-X) Dec-03

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

Gas play in Guatemala and Colombia. Have a lot of land blocks near where Petrominerales (PMG-T) hit. Just drilled a well with a fairly large target in Guatemala and found oil at a much higher area than expected. Cased the well and we'll hear more next week. Highly speculative.

stockchase.com stockchase.com

🏛 Financials

Bank of Montreal (BMO-T) Dec-04

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

Rotation from small-cap banks into large ones? He doesn't see a correlation. BMO itself was the highest flyer in 2018 until it got hit hard in Q4, and now it's back in the middle of the big 5 Canadian banks. He's been gradually selling off BMO (he owns 4 of the 5 banks). BMO is…

stockchase.com stockchase.com

Canadian Western Bank (CWB-T) Dec-05

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

A levered way to play Canadian banks. When oil prices go down, this bank goes down more than it should. If you think oil prices are near their bottom, and he does, as they go up, this bank will catch up. This could be a really good levered play. Be careful, because if oil were…

stockchase.com stockchase.com

Laurentian Bank (LB-T) Dec-05

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

LB hasn't followed the big Canadian banks. It's been sideways for many years. It's been a definite downtrend since late 2017. Recently, it looks like it's breaking the downtrend, which is positive. Now, the chart looks good. He's okay with it.

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

(A Top Pick Jan 26/18, Down 2%) Q4 was strong, capping off a great year. They had sector-leading ROE at 18.5%. Still trades at a discount to peers. Earnings will grow 7%, but Canadian debt is a worry. You can buy it now.

stockchase.com stockchase.com

🛍 Consumer

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

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

Up until today, US retailers have all come back from the death spiral. So that will happen here. It has so much going for it, believes this company will bounce. Yield is 0.7%. (Analysts’ price target is $12.10)

stockchase.com stockchase.com

Dollarama Inc (DOL-T) Dec-06

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

It has done well and if the position is too large, trim it back. It has done a phenomenal job because they are one of the few that does not compete with AMZN-Q. The issue they are facing is that it is getting tougher to find more locations to open new stores. They made an…

stockchase.com stockchase.com

Input Capital Corp (INP-X) Dec-06

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

There are always big expectations for cash flow coming from grains, and then it never actually comes. It looks like they are on the up and up now, but be careful because they could have some earnings misses as well. He wouldn’t own this until they could show that they could generate cash flows and…

stockchase.com stockchase.com

Reitmans (RET-T) Dec-06

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

Retail markets is a tough area to be in right now so you should plan to hold for 5 years or more. Good quality retailer but will struggle with everybody else. About 8% dividend yield.

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

What normally happens with the smaller brewers is that they get taken out. He likes the company, but doesn’t follow it closely. A good story with good earnings growth.

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

Current inventories are selling very well and profits are very large. Stock has been off the map but is now rising. Selling at 6/7 X this year's earnings.

stockchase.com stockchase.com

Happy trading !

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