Here’s the full list of Canadian Companies on Stockchase reporting earnings this week :
First Cobalt (FCC-V) Jan 07
He doesn’t know their financials. The company is trying to revive a historic mining area in Ontario. This type of work takes a lot of money and might require First Cobalt to issue more shares, driving down the price. Alternatively, they might take on a lot of debt, which carries its own problems. Cobalt is…
Wonderful land positions around Red Lake. Has taken the turtle approach in what is usually a rabbit race in exploration. Is expecting aggressive drilling later this year.
Doesn't particularily believe in junior companies trying to develop out their own exploration targets. 1 in 3,000 anomolies becomes a mine. Also the idea of someone spending a great deal of time looking for platinum in Canada doesn't seem like a great idea. If you want to play platinum, play the South Africans.
Velan Inc (VLN-T) Jan 10
Global leader of valves from Montreal. Classic value play, trading just above 1 times NAV. They report in US dollars. About 11 times earnings. The founder is 97 years old. If it is ever sold he figures it could get as much as $30 a share.
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Acasti Pharma (ACST-X) Jan 10
Aphria Inc (APHA-T) Jan 11
The cannabis space for him has been a no-go zone for some time. He cannot get around the valuation of what these companies should be worth. It has rolled off. There was $2 Billion of equity that came to market. There are a lot of trapped buyers that are late to the party. The challenge…
Aritzia Inc. (ATZ-T) Jan 10
Retail is not an easy place to make money, this is one of the few. Went public earlier this year and have done reasonably well. They are in the retail and fashion business, and have done very well coming out of a private company basis, to manage the fashion risks. The footprint is still rather…
Cogeco Cable (CCA-T) Jan 10
This has been a phenomenal story. The most important thing is free cash and what the companies do with it. This company is diversifying by getting into networking, data storage, and into other markets. Rogers (RCI.B-T) owns 32% of them and he doesn’t think it is properly reflected in Rogers’ stock price. He would buy…
COGECO Inc (CGO-T) Jan 10
Great assets. Capital expenditure is going down. Can provide a lot of products to clients. Slightly defensive in many ways. Would like to see the 1.3% dividend increased. Good story. He prefers BCE (BCE-T).
They have about 40% of the market. They disclosed there are up to 31k subscribers. They just went public in June. They are full of cash and now increasing their distribution facility in Montreal 10 fold. They will open a facility out west next year. It would make sense for a large grocer to acquire…
He shorts companies that show a downward trend. This company has been going down for quite a while. The business model for independent channels has been difficult and he doesn’t see a reason for that to change soon. They did a big dividend cut. Tax loss season is coming which will put further downward pressure…
Japan is finally restarting some reactors. There has been an excess supply so the price has been depressed. This stock is at an 18% discount to the commodity. He likes it here. A couple of years out the supply/demand balance is headed to a shortage. It is a great play on the commodity.
TheScore Inc. (SCR-X) Jan 10
The core business has slow growth but they got to a critical mass were the advertising growth is significant. He is looking at purchasing it again. The valuation is sustaining them. Fantasy sports people love it.