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.
👨💼 Employment Services
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
Same store sales growth is 16.9%. 4 to 5% is normally not a bad number in retailing. It rose only a little after the IPO.
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…
Corus Entertainment(CJR/B-T) or Crescent Point Energy(CPG-T). Run don’t walk away from Corus Entertainment. Is a declining business. They own media assets. They have slashed their dividend. There is a governance issue. Going to be hard to get out of this secular decline that they are in. He would sell it. Crescent Point Energy: Some activists…
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
This is an app run by a superb management team which has built and sold a couple of businesses. They own a lot of stock. Having a really hard time monetizing their traffic. Sports, sports betting and traffic is growing, it’s just the monetization that is tough for them. He thinks they will figure it…