Electrovaya Inc., ADF Group and More Earnings Reports this Week (Dec 05-09)
Canadian & US Stocks Up On Jobs Data. Stocks wobbled around the flatline, clawing back early losses after the jobs report cast doubt on how quickly the Fed will be able to slow its pace of rate increases. The 10-year Treasury yield initially jumped, but ended down. Companies reporting this week include Electrovaya Inc. (EFL-T) – Dec 05, HTC Purenergy Inc. (HTC-X) – Dec 06, Major Drilling Group International Inc (MDI-T) – Dec 08, ADF Group (DRX-T) – Dec 08.
Here are the Canadian companies listed on Stockchase who are reporting earnings this week:
Electrovaya Inc. (EFL-T) Dec 05
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They reported weakening revenue and earning numbers for the last few quarters. Management attributes it to reduced order volume due to component shortages, and supply chain disruptions. There is some credibility with repeat purchases from large firms. Could start a high risk small position with…
HTC Purenergy Inc. (HTC-X) Dec 06
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.
Major Drilling Group International Inc (MDI-T) Dec 08
Demand for base metals is likely to continue strong as we move to clean energy. Day rates and margins are quite strong.
ADF Group (DRX-T) Dec 08
The chart looks good with nice volume. It's been trading sideways for a while. It looks like it's starting to fill in the drop that it has. It looks like it could go up $.20-$.30 with a stop-loss at $1.10.
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).
Resverlogix Corp. (RVX-T) Dec 08
(Market Call Minute.)Reversing of bad cholesterol in clinical studies. A little early for him but has potential. Speculative.
Descartes (DSG-T) Dec 07
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Solid M&A pipeline. Trades at a premium. Continued growth post COVID. Headwinds from global trade complexities & inflation.
Dollarama Inc. (DOL-T) Dec 07
Stock price is up 43% YTD. Company offers internationally exposure and is a quality business. Is a good long term investment. Share price is high right now. Wait to buy shares on a pullback.
North West Company (NWC-T) Dec 07
A safe place to invest--groceries in remote areas of Canada. Stocks are pricey vs. historic multiples, because they are defensive and stable. If you own, hold on or take some profits. Good to hold this in an uncertain world. They're well-managed.
Roots Corporation (ROOT-T) Dec 08
Interesting things happening. New CEO with marketing sophistication trying to transform a business that's struggled since the IPO. Pretty good entry point. Strong brand. If you have the appetite for a small company, more speculative, good name to own.
Reitmans (Canada) Ltd. (A) (RET.A-T) Dec 08
(A Top Pick Oct 22/18, Down 35%) He sold this at $3. They offered to buy 15 million shares of stock and the took the offer. He is glad to be out. Sales are falling and they have closed 48 stores. He wonders if management should be changed. Their online sales have been going up,…
Reitmans (RET-T) Dec 08
He owned it at $3.81 and sold it at $3.00 and is glad he did. Management is getting old and stodgy. As the stock has been thrashed following the share buyback program, he thinks the balance sheet still looks okay, but the cash position is not as good. Last quarter they lost a lot of…
BMTC Group Inc. (GBT-T) Dec 09
(Top Pick Jan 21/10, Up 28.59%) Furnishings and furniture. Extremely illiquid. Frequently buy in stock. Seems they want to go private eventually.
Waterloo Brewing Ltd. (WBR-T) Dec 09
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Sales were 3% less than expected. EPS was better, at 4.8cents. Revenues grew 15% thanks to pandemic restrictions being eased. EBITDA rose 67%. A good recovery quarter. Ok buying this for small cap allocation. Unlock Premium - Try 5i Free
Laurentian Bank (LB-T) Dec 09
(A Top Pick Oct 28/21, Down 22%) The thesis has yet to work out. New CEO is making changes. A good piece for a larger bank or insurer to take out. Stock's cheap, good upside potential. Happy to hold as a turnaround story.
Use this list wisely to identify buying opportunities.
Happy trading !!!