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
They've exectue well, but one doubt is what exactly happened in the Nuverra deal from a corporate governance standpoint. asn't seen enough detail and is waiting to hear from management. They're now stockpiling product before the Oct. 17 legalization date. After that we'll see sales data and their performance.
Aritzia Inc. (ATZ-T) Jan 10
A classic growth stock. If it traded in the US it would trade way higher. The brand has cachet and desire. Massively understored in the US. The company that funded it in the early stages sold it aggressively and that was a problem for the stock performance. Sales growth at 15% per annum, earnings at…
Cogeco Cable (CCA-T) Jan 10
Thinks valuations across the board are relatively stretched for these companies. Has some secular concerns when it comes to cable and telecommunication businesses, which have kept him out of it. You are going to see a tremendous amount of cord cutting i.e. consumers opting for skinnier cable packages or no cable package. That could significantly…
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 has owned it in the past. It is once again at the mercy of its industry. It is fighting against a big tide. It has come off quite a bit. It could be an interesting candidate but you have to know what the content is worth in the industry. It is more of a…
He added to it in the last week. You are buying it on the extreme cheap. It is a case of how long it will take for all the new demand to take effect as inventories diminish. This is a great way to play it.
TheScore Inc. (SCR-X) Jan 10
As the growth slowed in the adoption of the app, the stock declined. However, the company still has plenty of cash and they are getting a big tax refund. Thinks they are going to be “break even” in the 3rd quarter this year. They’ve taken their user base of about 11 million people or so,…