Q2 earnings continue to trickle in as the world faces unprecedented economic slowdown and social distancing. The United States has announced an extension for social distancing, and much of the world is still under lockdown. Oil prices have taken a further hit as the outlook for demand collapsed.
This week, Park Lawn Corp (PLC-T) starts off the week with their earnings. BlackBerry (BB-T) follows on March 31, along with Corus Entertainment (B) (CJR.B-T) and Dollarama Inc. (DOL-T) reporting on April 1.
Here are the companies listed on Stockchase who are reporting earnings this week:
Cronos Group Inc (CRON-T) Mar 30
Medipharm Labs Corp (LABS-V) Mar 30
He has as $6.75 as a speculative buy. He thinks sales continue to track along and thinks this down turn may be the best thing for them. When it comes to CBD oil production everything is being produced in North America. The industry as a whole has been consolidating, but he is still going to…
Village Farms International, Inc. (VFF-T) Mar 30
He owns it in some of his portfolios. They were vegetable growers in the past. Their costs are down fairly low. He is waiting to see what they will do in the next quarter. Their sales price should increase as they sell more directly than in the past. Their low cost production will become more…
UrtheCast Corp (UR-T) Mar 31
Cameras on satellites. Feels they’ve made a lot of progress in the right direction. Management is working hard and there is now more clarity. We may see some positive free cash flow one day. At this point, it is starting to become interesting, although clearly there are still a lot of unclear questions.
Heritage Cannabis (CANN-CN) Apr 01
Their staff have deep experience making high-end, award-winning cannabis. CANN will be the go-to extractors. It's matter of time before they get their cash flow rolling. It's sold off like the rest of the sector, but he believes this will go higher.
High Tide Inc. (HITI-N) Apr 01
It is in the retail sector. The issue has been that there has not been enough retail locations in Ontario. They have been in the cannabis supply area for some time. They are now the second largest. He thinks it will expand as Ontario builds out its retail locations
RavenQuest Biomed (RQB-CN) Apr 01
A cannabis company. It specializes in research & development related to cannabis. It's a very speculative stock. Experts on Stockchase haven't commented on this stock y et. You can get more informations and analysis on Tradingview.
Flowr Corp. (FLWR-X) Apr 02
They have a lot going on in their greenhouse and outdoor operation. They have a deal with Scott's Miracle Grow. He sold off and may buy back in.
Grande West Transportation Group (BUS-X) Apr 02
They did well, but then missed some quarters. (So has NFI-T.) Margins have dropped in the bus space. He exited 18 months ago. Cities may be holding back on bus orders as they decide on whether to buy e-buses or not. There may be pent-up demand.
Richelieu Hardware (RCH-T) Apr 02
Not a long-term hold. Near-term is okay. It's quasi-cyclical. If housing dips...oh boy. He owned this 30 years ago. A good operator with good product, but the macro environment is not good. If a recession comes, sell. Hold.
🛢 Basic Materials
Entree Gold (ETG-T) Mar 30
Guyana Goldfields Inc. (GUY-T) Mar 30
He wouldn’t take a position right now. If he held it, he would sell it right now. Technicals are downward tending. Sometimes technical stocks don’t work for all stocks. There are major red flag. (Analysts’ price target is $1.43)
Mag Silver Corp (MAG-T) Mar 30
They have probably found the richest new silver discovery in the last 20 years, in central Mexico. They own 44% of it. Given the pullback from last week, this is a great time. They don't need leverage to silver.
New Millennium Capital Corp. (NML-T) Mar 31
Iron ore developers and companies have all done very badly. Doesn’t see a lot of upside in the short term for iron ore because there are still quite a few projects coming on and the Chinese steel demand is looking pretty stagnant.
NovaGold Resources Inc (NG-T) Apr 01
He's not a gold bug, but seeks unloved stocks in unloved sectors. Gold has consolidated nicely and made a good technical turn. His #1 gold holding is FNV-T. TGC has the largest undeveloped deposit in the world and in a safe place (Alaska) with a good partner in Barrick. All tailwinds.
Park Lawn Corp (PLC-T) Mar 30
(A Top Pick Mar 29/19, Up 1%) News of their CEO leaving has hurt the stock recently. It does not expect any skeletons are in the closet. This aggregator of funeral homes and cemeteries will see slow and steady growth with a decent dividend.
iSign Media Solutions (ISD-X) Apr 01
Very interesting company. The challenge at the moment is that the only analyst covering it is no longer with the brokerage firm. The product itself is installed in a variety of stores and is basically used for in-store advertising. Still waiting for a catalyst and he thinks that will occur based on some of the…
Uranium Participation Corp. (U-T) Apr 02
(A Top Pick Dec 31/18, Down 5%) The uranium stocks (and new uranium supplies) won't move up until the commodity rises above $50. It's trading under $30 now. Uranium demand is probably 40% higher than supply. Demand is growing as new nuclear reactors increase; there's demand, but there's an inventory overhang that's pressuring the price.…
Payout ratio is 56%. Sales are declining by 25% and earnings have fallen by 67%. He would be cautious and would look elsewhere. Yield 13%
Redline Communications (RDL-T) Mar 30
(A Top Pick Nov 2/12. Down 47.82%.) There were potential acquisitions but new management decided to focus on what they were doing really well. Sold his holdings at about $5.32. Still owns a very tiny position. Have a number of tests under pilot for existing roll outs, which he thinks will start to appear in…
BlackBerry (BB-T) Mar 31
They've transitioned into software. They'll try to transition far enough until someone buys them out. Doesn't interest him at all. There are better software companies.
They're turning the corner. They didn't make a fresh low recently, so a good sign. Value investors will return to this after tax-loss selling.
Dollarama Inc. (DOL-T) Apr 01
They have low price points and do well during recessions. She owns a different store based in the US instead. She would hold it if you own it, but at 21 times earnings, she would not be buying yet.
POUNCE Technologies (was renamed from SLYCE Inc.) (POI.H-X) Apr 01
Has owned this in the past. They are trying to do a financing, but haven’t been able to close as far as he knows. Until they get the financing closed, he would be very cautious. They do need those funds to continue to operate.
Zecotek Photonics (ZMS-X) Apr 01
A new CFO about six months ago is resulting in a change in their business operations. He thinks this is a lottery ticket if you already own it. He would wait until year end -- if it does not do well, take the tax loss then. Right now the company is running radio silent.
Use this list wisely to identify buying opportunities.
Happy trading !!!