Markets saw a lift as trade talks between the US and China appear to be progressing. This week, income investor favourite A&W Revenue Royalties Income Fund (AW.UN-T) will be reporting. Others include cannabis company Aphira Inc (APHA-T) and clothing brand Aritzia Inc. (ATZ-T). Kinder Morgan Canada (KML-T) will also be reporting earnings.
Here are the companies listed on Stockchase who are reporting earnings this week:
Aphria Inc (APHA-T) Oct 15
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…
Valens Groworks Inc. (VGW-CN) Oct 15
These guys are focused on extraction in the cannibas space. Over 50% of the US business in this space is focused on extraction and the thinks Canada is headed in this direction. They have signed a number of supply agreements and thinks the stock trades cheap. They have a partnership that produces water-soluable technology which…
Acasti Pharma (ACST-X) Oct 16
Neptune Wellness Solutions Inc. (NEPT-T) Oct 16
For years NEPT was in partnerships where they were extracting Omega-3 oils from krill oil and selling that to consumers. Now they're taking that extraction technology and applying it to the cannabis oil market. He's in a wait-and-see spots. The fundamentals don't back the move up in the stock. He has a small short on…
Aritzia Inc. (ATZ-T) Oct 15
He likes this. Every time he goes to the mall, these stores are full, while competitors’ stores are empty. It was probably priced aggressively when it was sold to the market, because it was an exciting growth story. Then we got into Amazon, and everybody hates retail, which is what has really hammered this company.…
A&W Revenue Royalties Income Fund (AW.UN-T) Oct 17
He is not concerned about the distribution because it is a royalty structure. He thinks it is one of the faster growing companies in the space. 3% same store sales growth. Anything with a high dividend is getting beaten up because of interest rate fears.
Colabor Group Inc. (GCL-T) Oct 17
Provides services and products to the fast food industry so your fortunes will rise and fall with the industry. Cut their dividend about a year ago. That took a lot of glow off the stock. Thinks the worst is over. You may have to wait a couple of years until it gets back to $10…
Corus Entertainment (B) (CJR.B-T) Oct 18
Optimal holding period is from November 6 to February 8. Technically, we have some problems. Gapping lower. Looking for selling exhaustion. Hope for capitulation with high volume, that’s an opportune time to buy as a contrarian play. Yield is 30%.
TheScore Inc. (SCR-X) Oct 17
The CEO, who owns a significant amount of stock, has been purchasing even more recently. The end of tax loss selling plus insider buying and a cheap stock. You can’t find fast-growing app or software stocks that are trading at 1.5X sales. There is a significant amount of long term upside in this company. (Analysts’…
Kinder Morgan Canada (KML-T) Oct 18
Kinder Morgan (KMI-N) or Kinder Morgan Canada (KML-T)? In the short term, he would choose neither. If certain things happen, he would look at the Kinder Morgan Canada position. The Canadian subsidiary, without the pipeline expansion, is worth $15. That is just on the assets and the quality of the assets. Since you can get…
Use this list wisely to identify buying opportunities.
Happy trading !!!