Planet 13 Holdings Inc., Goodfood Market Corp. and More Earnings Reports this Week (Archive From Apr 05-09)
Earnings for Q1 are winding down as we close out Easter long weekend. Gold prices inched lower Monday as the US markets saw a rise. The US job market also posted the best gains since last summer. Treasury yields remained stable.
This week, Planet 13 Holdings Inc. (PLTH-CN) starts the week off with their earnings report. Consumer stocks North West Company (NWC-T), Goodfood Market Corp. (FOOD-T) and Corus Entertainment (B) (CJR.B-T) are all reporting earnings this week.
Here are the companies listed on Stockchase who are reporting earnings this week:
They've done financing, rising from 80 cents to $4 then back to $1. A round trip. They're opening a big cannabis supercentre in Vegas that'll probably do well, but this stock got expensive. And cannabis is still speculative. He's waiting-and-seeing.
Richelieu Hardware (RCH-T) Apr 08
Benefiting from shift in consumer spending to the home. Doorknobs, cabinet hardware. Undergoing a positive rerating by the market. Strong consumer tailwinds as people forced to stay home. Good business model. Lots of growth runway. Half of revenue growth comes from accretive acquisitions. Margins have upside. Yield is 0.73%. (Analysts’ price target is $35.00)
Flowr Corp. (FLWR-X) Apr 08
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.
🛢 Basic Materials
Trilogy Metals (TMQ-N) Apr 06
Short-term for copper is not good, given all this volatility, but longer-term their deposits of that quality are superb. Can they get a road built to the mine? He thinks it will, given the politics in Alaska and among First Nations people there. After this year, the copper price should rebound. TMQ will generate a…
Platinum Group Metals Ltd (PTM-T) Apr 06
Sprott is a secured lender in this project, as well as a shareholder. The mining start-up looks like it has been fairly troublesome. If they work through their problems, which he thinks they will, he thinks there is tremendous upside. However, there is risk. There is tremendous upside if they can make all this work.…
Rubicon Organics (ROMJ-CN) Apr 06
Billy Kawasaki’s Insights. A cannabis cultivator out of BC that is a micro-cap. It trades on the TSX Venture Exchange. Current earnings per share is at -0.19. It started trading in September and has largely stayed flat since the IPO. The marijuana space continues to face pressure so it may be wise to stay on…
North West Company (NWC-T) Apr 07
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They beat EPS estimates by 4 cents, at 70 cents. EBITDA beat estimates by 20% at $83.6M. Same store sales rose. They continue to benefit from the pandemic and have controlled costs well. Unlock Premium - Try 5i Free
Goodfood Market Corp. (FOOD-T) Apr 07
This is one of his largest positions. He trimmed a little on the way up but it is a long term core holding. The pandemic has really, really helped them. People are ordering more food from home. They are offering their own private label products with same day delivery. They plan to go to $4…
Roots Corporation (ROOT-T) Apr 08
For tax-loss selling? It's disappointed the market. But it's time to look at it. They should take the company private; the share price is so low, so disastrous since its IPO. Existing owners could buy it all back. Overall, retailing is a difficult space now.
Corus Entertainment (B) (CJR.B-T) Apr 09
Allan Tong’s Discover Picks The stock is climbing out of a long slump and offers upside of 23%, based on a price target of $7.71 by six analysts. Corus has cut costs and the Shaw family owns the company, so there is stability in the upper office. Meanwhile, shareowners can collect the 3.83% dividend yield.…
VIQ Solutions (VQS-X) Apr 07
They record information on a digital basis (voice to text) and from cameras. A steady recurring revenue stream. Earnings are expected to be break even in 2020. He thinks there are better opportunities out there. He thinks it has hit its lows.
Flyht Aerospace Solutions (FLY-X) Apr 07
It is interesting technology. They have telemetry applications for airlines and the thought is that the airlines or manufacturers would mass-adopt this technology. He has not seen the ramp up in revenue and earnings in the time-frame he expected. They are in a constant need for financing.
Use this list wisely to identify buying opportunities.
Happy trading !!!