Roots Corporation, Enghouse Systems and More Earnings Reports this Week (Archive From Sep 07-11)
The markets closed lower last week, as investors took some profit from the straight rally. Stocks are now seeing more volatility after a few months of relative calm. The majority of earnings has now passed for Q2.
This week, hot gold ETF, Sprott Physical Gold and Silver Trust (CEF-T) will open the week with their earnings. Other names reporting earnings include Roots Corporation (ROOT-T), Descartes (DSG-T) and Enghouse Systems (ENGH-T).
Here are the companies listed on Stockchase who are reporting earnings this week:
Every investor should own some gold and silver like 5%, and most own none. This is an easy way to do it. You don't have to own the physical bullion. Disclosure: he works for Sprott.
BMTC Group Inc. (GBT-T) Sep 07
(Top Pick Jan 21/10, Up 28.59%) Furnishings and furniture. Extremely illiquid. Frequently buy in stock. Seems they want to go private eventually.
Reitmans (RET-T) Sep 07
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…
Reitmans (Canada) Ltd. (A) (RET.A-T) Sep 07
(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,…
Transcontinental Inc (TCL.B-T) Sep 09
This stock is down 50% the last year. It is going from cheap to cheaper. It is hard to understand why the stock is down so much. The stock has fallen off a cliff. The disconnect is that the news out there does not correlate with the share price.
Transcontinental Inc. (A) (TCL.A-T) Sep 09
Very cheap, trading below book value. Balance sheet is a little heavy. Great yield. Historically miss earnings. Consolidate a declining industry and try to rationalize it by cutting costs. He holds if for the yield and the valuation. Have to be patient.
Empire Company (A) (EMP.A-T) Sep 10
She owns another name in food retailing/grocers, who have benefitted from strong same-store sales growth, though this growth will moderate as economies open up more and eat out more. All retailers are increasing digital shopping and home delivery, though. It's a competitive space. All names have benefitted from the pandemic, but Empire doesn't offer much…
Hudson Bay Co. (HBC-T) Sep 10
Nicknames it Hit By A Car like its chart. HBC is all about its real estate holdings; that's the reason you own this. Doesn't know if the current rally signals a buy. Can't predict this chart. Even consider selling it.
Transat AT Inc. (TRZ-T) Sep 10
It's currently in the midst of a potential merger with Air Canada. COVID has also decreased air travel significantly. Current cash positions will help the company weather the crisis. However, they will probably burn through their cash by the end of this year. There is also competition from private companies who can undersell them by…
Roots Corporation (ROOT-T) Sep 10
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.
North West Company (NWC-T) Sep 11
Allan Tong’s Discover Picks This consumer defensive name operates retail stores, selling groceries and household items, in the Canadian far north, Alaska and Caribbean. Because it operates in such an extreme geography, NWC enjoys a monopoly. North West Company pays 4.45% dividend. Read Best Dividend Stocks Canada for our full analysis.
🛢 Basic Materials
Lion One Metals Ltd. (LIO-X) Sep 07
Fiji is an interesting place. They have raised $85 Million last year when it was tough. If they get this thing going it will build up confidence. They are putting a relatively small scale gold mine into production while doing exploration. They should eventually get bought out.
Eastmain Resources Inc (ER-T) Sep 09
They haven't indicated a discovery in the St. James Bay area, though he likes the management and this part of the world for exploration.
As commodity prices go up this one should do better. He likes the management and their philosophy. The balance sheet is in good shape. He thinks most of the tax loss selling has been done and it will go up now. He would like to find a good entry point to buy into it.
Aurora Cannabis (ACB-T) Sep 09
Don't buy cannabis stocks here. Their earnings just aren't there. You can buy good value companies at discounts to book value so why go for this one. Move on. It is an opportunity to upgrade your portfolio.
ADF Group (DRX-T) Sep 10
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.
Cymat Corp (CYM-X) Sep 11
Metal foam technology. Have an application where they can put it into armoured vehicles for blast disbursement. Also have some small deals on the architectural side. In this environment he doesn't think people will be paying a whole lot of attention to it.
Inmed Pharmaceuticals (IN-T) Sep 08
This is another company in the cannabis space. This is not a cannabis producer, it is a company that adds value in that space. They are mapping cannabinoids, looking for different formulations to treat different diseases.It is highly speculative, but he thinks there is opportunity for this type of company. He likes the management. In…
Resverlogix Corp. (RVX-T) Sep 11
(Market Call Minute.)Reversing of bad cholesterol in clinical studies. A little early for him but has potential. Speculative.
Descartes (DSG-T) Sep 09
Allan Tong’s Discover Picks Using the cloud, Descartes takes care of the logistics behind shipping stuff for companies. They're good at what they do and are considered a world leader in global logistics. True, the stock trades at a 154x PE and only 0.06% of shares are owned by insiders, but revenue growth tops 18%…
Evertz Technologies Ltd. (ET-T) Sep 09
Good managers who own a lot of stock. The stock has been rangebound for years as they payout a lot of its cash flow. Broadcasting has its challenges, though. ET are leaders in their space, but they serve a limited audience, which keeps him away. If you own it, hold on and watch what the…
Enghouse Systems (ENGH-T) Sep 10
Billy Kawasaki’s Insights - Picks from 5i Research. The last quarter results were fine. They beat earnings estimates by 10% and earnings per share was much higher than the consensus. Their revenue is up 30% year over year. The company has a great balance sheet and a good management team. Unlock Premium - Try 5i…
Tecsys Inc (TCS-T) Sep 10
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)
01 Communique Laboratory (ONE-X) Sep 10
In a patent dispute with Citrix (CTXS-Q), which looks like it is going their way but the same thing happen to him or five years ago when one of the judges derailed the whole process. Now back on track, but Citrix has a lot of firepower and money so they can delay it. Long, drawn…
exactEarth Ltd (XCT-T) Sep 10
Thinks they had a problem with a big Canadian government contract this spring, and the stock dropped dramatically. He doesn’t think they will be making any money here.
Use this list wisely to identify buying opportunities.
Happy trading !!!