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.
Still likes it. Executed really well in their space. Just paid a special dividend. He's hoping for an acquisition. Reasonably priced. Plowing money back into R&D to make broadcasting easier.
A tech company based in Calgary. They have a platform through which oil companies can take in receivables. If you are a driller and work for an oil company, you would send in your invoice through this platform. Oil companies like this, because it allows them to save quite a bit of money. The stock…
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
BNS vs. BMO He prefers BNS, though their last report disappointed. Their credit did hold up well; capital positions are strong. BMO just reported this morning. BNS pays a slightly higher yield. PB is identical. BNS will enjoy a better upside given its Latin American operations, whereas BMO is focussed on North America. Both are…
Focused on the western part of the country and which is still going through a difficult economic period of time. It has had a decent couple of years as credit losses have been kept to a decent low. Their traditional business of lending with a flat yield curve is very difficult. He prefers TD-T and…
Laurentian Bank (LB-T) Dec-05
Canadian Banks He owns Laurentian bank and is holding it for the dividends. In a recession, he expects the Canadian banking sector will get killed. He would likely move to holding the preferreds as he expects a recession by 2021 as it will be safer. You might do better looking into European banks that could…
It's one of the best looking bank stock. It looks more like an insurance stock. A nice 50% increase from the bottom with a good dividend. There could be more upside looking at the chart pattern. Not a very volatile stock.
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
He sold part of his position after a ramp up in 2019. It has good growth prospects in Canada still. It is defensiveness in a recessionary environment. The South American acquisition could be an interesting growth angle for them. He would recommend it on a pull back.
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 !