Earning Reports to Watch (Nov 26-30)

It has been a disappointing stock to him. They have had some hiccups, but likes their asset base. The problem is that synthetic diamonds are taking away from overall demand. They have not been operating as well as they should have been. He might prefer Lucara Diamond (LUC-T).

Been a nice success story. His opinion is that the commodity cycle has really played out here.

(A Top Pick Oct 16/19, Down 24%) It is a prospect generator in Chile and Argentina. Their enterprise value is very low. They have a very high working capital position. Their permitting on drilling is slower than anticipated.

The silver sector has had a spectacular run. He has a prejudice against small mines, because they have all the risks of the big mines, but can never make you money.

They were abutting New Gold’s (NGD-T) Ashton project. They have an interesting exploration play and have sold some rights to New Gold. A speculative situation.

CCL.B-T A great label maker. A fantastic story over the years. He would never recommend selling it. You also have IPT-T and have been selling weak with all the hurricanes in the last weeks. They create a lot of value but there is better value with IPT-T. He holds this over CCL.B-T because IPT-T are…

He is tempted to buy this because it is selling at a discount to the cash and securities in the company, and you get the assets for free. The thing that holds him back is that this has undergone a strategic change. At one point they were a prospect generator, using their acumen and other…

Intelligently run diamond exploration company. Has yet to see that they have economic pipes. Also into nickel but he has not been following this.

The Barkerville district has a lot of prospectivity. Their individual drill results are excellent but under the control of the Osisko company. He doesn't own it, because has a hard time getting the drill holes to tie together. That said, the district has a lot of promise and the exploration team is strong. The stock…

Have had very good results but can tie them together. Also, it's a seasonal play in northwest B.C. so there won't be results till 2020.

Have projects in Nevada and French Guiana. Until recently, French Guiana was a tough place to explore. However, the government has mapped out areas where you can mine open pit, areas where you can mine underground and areas where you cannot mine. That is a huge plus. Have a large deposit in French Guiana of…

Potash in an area that is very close to deals that have been happening. On Junior potash plays in Saskatchewan, he is becoming worried about capital spending on account of foreign majors coming in. Concerned about the long-term prospects of this company.

A project that is effectively right underneath the Horne Mine Complex in Québec. Originally it was very low grade gold and copper, so in order for this to be economic, they have to be able to mine it using bulk mining methods, and keep the costs as low as possible. That would entail blockading. He…

Some of the people behind Gold Standard Ventures, are behind this one as well. If you follow success in this industry, you will do relatively well. They raised a lot of money for Gold Standard Ventures and it has done well. It is probably in the 8th-9th inning before it gets bought out. This one…

He doesn’t follow this company, but generic comments on graphite is that if you are keen on Elon Musk and Tesla, you should be keen on graphite. There is literally more graphite in lithium ion batteries than there is lithium. However, graphite is not all the same. You want really, really course graphite for batteries.…

Doesn't own because of he doesn't understand the geopolitics in Papua New Guinea. This is why he prefers investing in North America whose geopolitics he does understand. Otherwise the company looks good: properties, production, metals in the ground. He has a $12.50 target and his company has this as a buy.

(A Top Pick Mar 05/19, Down 33%) A copper play in Serbia. It has three joint ventures including Newport. They still have a large land package that could lead to other projects. They also have assets in Bulgaria. He will continue to hold it.

(A Top Pick Sept 9/16. Down 2.7%.) Has a world-class property in Argentina and a world-class CEO who has done this before. They’ve raised money from various sophisticated institutions at about the current price. At some point, given lithium prices and electrification of cars it is going to get taken out. Highly speculative, but if…

A small, very speculative land holder in Canada. Higher nickel prices may push this stock higher

Used to own it, because they had a high-grade project in the Northwest Territories, but they were interested in a lower-grade target that didn't interest him so he sold. He doesn't know their company strategy anymore.

They've been around for a while and own a lot of the Ring of Fire's nickel deposits. Ontario was supposed to open infrastructure so these deposits would get mined. It's a government and infrastructure play. But NOT has a lot of debt, with no cash flow. Government involvement can work out long-term.

They had a sound model on where the gold was and now they found more. The management team are great. They are in Northern Mexico. He thinks the permit will not be an issue. It is at a very high multiple due to their silver assets.

Used to own it and would like to again this spring or summer. Knows the management team and where they're mining, Nevada, very well.

A graphite deposit in Northern Ontario. Preliminary Economic Assessment has been overdue but came out today and, if good, it would lead to a bankable feasibility study. They should start presenting now and telling people what is going to happen, as it looks like now there may be some good value there.

California company that makes very precise metal parts. A lot of their work comes out of the defense area. Recently got a new contract for a diesel engine and anti-lock brake component as well as green lead free ammunition.

Easy money has been made.

Tempted to buy more. They may get a small royalty from a mine they found. They source really good simple projects to explore. There is no catalyst, but you are buying a good company for less than the cash in the bank.

Located in Venezuela, which is a problem. If they have a major discovery there is a chance they could be expropriated.

(A Top Pick March 9/18 Down 59%) He was taking a flyer on this one, which eventually went “cease trade” when documents were not filled on time. He sold all their holdings after losing faith in the company. Management made acquisitions, but failed to execute on the strategy. There are now issues on raising further…

Tremendous respect for management. Build more power and torque for EVs. Has shown its potential for commercialization. Stock recently shorted, and management responded well. Buy or wait for weakness.

Great management and great Board of Directors. They just finished a raise. Doesn’t think there are any headwinds anymore. With a fully loaded balance sheet, they’ve got a great growth in their client base, having gone from zero to 42 with 17,500 payers in the last year. Just signed on an ERP Vendor news cycle,…

Want to wait for them to start flying, to see if they can do it. It’s not an easy business. Comes down to management. You might be OK, but there are easier ways to make money.

(A Top Pick April 3/14. Down 12%.) A fully integrated agricultural company with a railroad to their elevators along with production of legumes and wheat. Thinks it should deliver quite nicely this summer because of what is going on in California. Feels drought is going to haunt us from a food inflation perspective.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There has been no news to account for the recent pull-back. It is probably profit taking since it is up 86% this year. Growth stocks in general have seen weakness. Remains interesting and finances look good. Revenue base is still low and expectations are high.…

Generally doesn't think carbon capture and storage is the solution to reducing emissions. Questions if this is a viable solution. Hasn't been demonstrated on scale. Carbon capture will play a role where there is a market for carbon dioxide, enhanced oil recovery.

It's doing better now. Their sonor device looks for underwater mines and does underground mapping of pipelines. Earnings are expected to leap to 5 cents in 2021 to give it a 10x PE. If so, then there's a $1 target minimum. Lots of upside.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The earnings release and conference call had overall no surprises. The company has lots of cash and the business outlook remains unchanged. The issue was operational and management so it could be in the doghouse for 2 - 4 quarters. Could be dead money for…

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. As with other growth stocks, it has taken a hit. The revenue base is relatively tiny for a $1.4B market cap. Hard to know when the market rotation bottoms. If the correction lasts, it could see more losses but could be a good trade. Wait…

In a transformation to digital by investing in wealth business acuiqistions. International exposure is being retooled too. Likes it in general since banks have tail winds like yield curve steepening, ability to buy back stocks again, etc. One of the cheaper banks. The wealth business is showing good returns. Good value and volatility measures. (Analysts’…

They are providing almost a royalty payment to those wanting to financial auto dealership loans. They go out and borrow money and make royalty investment in those investing in a dealership. He is watching for them to make a third party investment outside of their dealer group. They pay a great dividend and have fantastic…

Higher risk. Recently pulled back, as have all speculative names. If you have a high risk tolerance, make it a core position and trade around that. If you have a long time horizon, you can buy and hold. Longer term, he sees increased adoption and higher bitcoin prices. Short term, share prices will move around…

Very well run, kind of niche financial company. Very sharp management that knows how to make money. They paid a dividend, which may explain the drop in the share price. Not a huge growth business, but pays a regular dividend of around 7%. If you are looking for income, you are well served.

This is going to be the high-tech story in Canada. They developed a platform for real estate agents and have over 300,000 users now. The only problem with it was that it was not trading in the US, but it has now started trading there. Now a global operation. It’s illiquid.

A branch-less bank that does financing for their customers. They should have higher margins than other banks, but he would sit on the sidelines for a while. They are trying to do interesting things with the dividend.

(A Top Pick Apr 09/20, Up 38%) He would buy it again. It is a corner stone of his portfolio. They have a dominant position and are well capitalized. They will have relatively easy comparisons this year because they took big credit losses last year. You can buy it any day.

It's a lot more competitively priced than Royal. It trades at 1.4x book and pays a safe dividend over 4.5%. He expects growth in the coming years. The banks have been unable to raise dividends, but that's likely to change if the recovery takes hold.

Likes banks in general. TD is on the upper end of price. Likes the good price momentum, reasonable multiple, and return of reserves. The rising yield curve is good for the banks. Mortgage rates have started to go back up again. Payout ratio is good, earnings are good. US exposure is a positive right now.…

Involved in the UK North Sea. In the process of drilling a well with the Lundins that is very important. In about 1 month will start working with Husky (HSE-T) in the North West Territories. Between the winters of 2008 and 2009, you will have a good shot if they have any kind of drilling…

Did a shareholder vote and Pacific Rubiales (PRE-T) will be assuming the management of the company. Drilling off the coast of Guyana. Got to about 1000 feet of the target. Because of gas creating a lot of pressure, they couldn’t finish the drilling. Potential is still there and could be a world-class discovery. Pretty good…

Being acquired at $7 but because of the lower stock price, market indicates the deal is not going to close. Doesn't see this as a good way of making a quick buck. You are trying to beat the pros at a game that they are very, very good at.

They're in northeast BC where Tourmaline is consolidating land and assets, near LXE. So, LXE will become topical. LXE has reached an inflection point after acquiring a lot of land and pushed the Montney play to the northeast. Now, they need a lot of capital to move to full development. They're talking to potential buyers,…

Very cheap stock in 04 and then went parabolic in early 06, had a spiked top and then fell in late 06 and had a bottom of about $3. The risk is $.75 and until it moves, you won't know what the reward is.

Just announced a deal last week where they are launching in Mexico. Thinks mobile gambling is a real growth industry. Has a tiny stake in this one.

DSG-T vs. OTEX-T which to sell to raise cash? DSG-T, if you own it, you would have done very well, but the fair market value is 78% lower than where it is at now. There is a lot of momentum behind it but not a lot of value. OTEX-T is trading right at its fair…

They are doing distinctive infrastructure, where they are digging trenches to get that last mile to the home. They are doing this in the UK, and have a large contract with one company. He really likes the story, but is waiting to see some revenues and earnings drop to the bottom line over the next…

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is looking to list in the US and is probably going to consolidate for this. The tech is interesting but a higher revenue base would make the argument more compelling. Sales are minimal but market cap is around $320M. With the risk on…

It has a great product and is coming back after stubbing its toe three years ago. The market now likes it. Good opportunity for the company going forward, because telemedicine is in vogue and the US government will pay for results-based compensation.

Provides enterprise resource planning, mainly to governments and not for profits. New CEO's mandate is to focus on growth. Very high margin structure. Generates a lot of free cash. Trades at only 12x EBITDA, almost a value play tech company. Yield is 4%. (Analysts’ price target is $15.38)

They develop and implement software in healthcare in the US as well as others clients for warehousing, distribution, and so on. They are growing their recurring revenues. They are changing from a perpetual license model to a SAS model, causing a temporary drop in revenues. Trading at two times revenues. (Analysts’ price target is $18.43)

This company has been in flux and is finally coming through its last phase. There has been a management and board of director change. There will be a lot of new client acquisitions and a capital cleanup, which will ignite growth.

Got approval from FDA, but sales are not following through. Running out of cash. Any new financing could dilute stock price further.

This company has a lot of scientific research to support the health care aspects of cannabis. They also have extensive experience in low cost farming economics as part of their partnership with Village Farms (VFF-T).

A very well run company with a really interesting variety of nickel exposure in Norway and 1st rate exploration projects.

Life sciences. Have an interesting regenerative technology. For example, they can take a hair follicle and extract certain cells, and then replicate them 1 million times and then re-inject them back in areas where they are needed. It is very, very rare to have a company this small with 2 products in phase 2 trials.…

He has been looking at this as it has become more attractive now. A mid-tier producer that has stagnated when a partnership did not materialize. They are involved in the specialty pharmacy business which could grow into the mainstream in the future. They could be bought out in the future.

Flies under the radar, not top tier because of its size. Tremendous respect for management team. Very efficient, and that's probably why BATS invested. Will be one of the fastest growing sectors in next decade.

It is the consumer spending money into the economy. This is a good stock to be in and even though they have a good backlog, you will find that investors will start to lose interest starting late April. Put a trailing stop on it later on in April.

New technology officer. Early stages. Wait to see what happens.