This week, a lot of REITS are hitting their 52-week high along with some defensive names such as Metro, up again. Basic materials and energy have taken a hit, many ending up on the 52-week low list.
Here’s this weeks 52-week high and low list for companies listed on Stockchase.
Here are the stocks hitting their 52-week high….
This is known as the niche brick and beam landlord in Toronto. 40% of their properties are in the downtown core. The name has pulled back recently, mostly related to the pullback in REITs. Also, 10 year bonds are backing up a bit giving a bit of consternation in the space. The name has come…
He likes that their portfolio has a lot of development potential, especially in the Safeway portfolio that they purchased. The market however has been very harsh on this because of their relation with the Empire group and the grocery debacle. He doesn’t think the grocery is going to fail. This means you are buying a…
He is a little wary of REITs right now. Valuations are excessive. You are paying 15 to 16 times cash flow. There is a lot of risk if interest rates ever start to move higher. The Calgary real estate market is not turning around in a hurry.
When this IPO’d, it was primarily dependent on Magna (MG-T) accounting for well over 90% of its net operating income. Management’s objective was to reduce Magna’s exposure to less than 50% NOI within 3 years by making additional acquisitions by using their under leveraged balance sheet. Management has not done that in a very aggressive…
At these levels the valuation looks attractive. The dividend is safe. They don’t have as high a dividend growth outlook as other REITs though. A good hold for a diversified portfolio.
He is a big fan of this company. They have a very entrepreneurial style. Dividend payout is very low and very sustainable. Sees more than average growth potential, so continues to like it. Good management.
Loves the industrial space. It is easy to build it so more supply could come on line. Properties are a little low quality, but your income is safe.
Yes, it’s retail, but best in class. Trades at 15x earnings, which is cheap. Spectacular management. Anchors for Walmart, which is doing well against Amazons of the world. Aggressive development in Toronto. Best tenants and assets. Diversifying and creating more margin. Yield is 5.8%. (Analysts’ price target is $32.61.)
Recent IPO that he did not participate in. He was concerned with some of the tenant concentration and, one building in particular, where there was a head lease on the building which meant that the occupancy and the rents were being guaranteed, even though they were operating at well below what the company considered normalized.…
Seasonality for utilities is just about to start in June. The bottom in February is really indicative of a lot of utility companies. Chart shows a nice nascent trend. If we get above $4, this will usher in a lot of new buyers. Thinks there is pretty good upside potential on this.
(A Top Pick Sept 28/11. Up 22.45%.) Getting close to being fully valued and he is starting to Sell it. Has had phenomenal growth and is very conservatively managed. Doesn’t see much upside so is basically holding it for its yield.
A hydro-vac company for excavation. It trades at 14.2 times earnings and there was very good earnings recently. Their dividend was increased by 18% recently. They have diversified into infrastructure and away from oil and gas. Yield 1.9%. (Analysts’ price target is $32.38 )
Has long owned it. The business is becoming less cyclical and seeing more acquisitions within the sector. Not a cheap stock, but its recent quarter saw earnings rise. Well-covered dividend, so safe. This year, their ROE is 11%. They could use their extra cash for acqusitions. He likes it.
Got hurt. Margin compression. In US, it matters what can you get paid from Medicare. Missed numbers last 2 quarters, got clocked, now trying to get back onside. A “show me” stock. Stay away for at least another 6-12 months.
Enbridge (ENB-T) TSE
Holds a rate-reset stock that's gone down. Sell now, wait for a rate rise or buy the common shares? It's double-whammy now, because rate-reset are going lower and you get less of a value with the spread. Every 5 years they reset to a spread above Canadian government bonds. Also, ENG is an oil stock…
In the Athabascan Basin, which has the highest uranium deposits in the world. Drill-ready targets. High risk and very speculative. Good management.
Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? Loblaw has proven to be the best run grocer in Canada. Empire has had its challenges but is starting to come back. This company would be somewhere in between the two.
They have about 40% of the market. They disclosed there are up to 31k subscribers. They just went public in June. They are full of cash and now increasing their distribution facility in Montreal 10 fold. They will open a facility out west next year. It would make sense for a large grocer to acquire…
🛢 Basic Materials
Looking at this right now. An absolutely tremendous payout. He doesn’t know the company well enough to Buy into it, but he loves dividends. This company is giving money back all the time. 9% dividend yield.
A smart group of guys. They are putting a fair bit of work into proving their concept is right. They seem to be backing up their thesis. It is looking like it is working so far.
The no. 1 performer on the TSX in 2018, up 85%. They have great mines in Ontario and Australia, both stable areas. They keep increasing production targets: produce 1 million ounces of gold a year by 2021. There's a place for precious metals in your portfolio when we hit the inevitable recession and return to…
Silvercrest Metals (SIL-T) or Silvercorp Metals (SVM-T)? This one is a fairly small deposit, but with high quality people.
He likes it at current levels and would start to pick away at it. A good, long-term dividend play. It's not recession-proof; it's a discretionary consumer stock.
There is a secular theme where companies will continue to spend on IT development. The industry is growing between 5 and 6%, roughly twice the growth rate of the economy. They can now make another acquisition and he is watching for potential catalysts.
Enterprise network largely for oil/gas companies and suppliers for processing payments, purchase orders and receivables online, which eliminates paper/staffing. Also has connectivity to Blackberry for field work. About $2 million revenue growth but at the turning point of ramping this up.
Here’s this week’s 52-week low stocks ….
Chart shows this has taken quite a dip in the last while. Changes in management because of production mishaps. Need to look at these from both a production standpoint and a commodity standpoint. Have a constrained balance sheet and not a lot of room to raise CapX for growth. More linked to oil than to…
LNG Canada is coming on in 2023 – a long time to protect the balance sheet. He does not like the level of debt as it handcuffs any financial gains. He would not own this.
Cash flow per share is flat. Balance sheet is imperfect. 114% payout ratio (not bad), and there is 10% production growth. It ticks some boxes. A lower-quality oil name, but has higher torque to improving oil prices.
She expects them to be reporting earnings in the next couple of days. This bus manufacturing company has made a purchase in the UK for double-decker buses. This is not a great growth sector. She wants to see how the recent acquisition plays out.
The further you go down the food chain in a sector, the greater the swings you will have in price. It has a bit of a base in mid-December below $0.38. If it can't get above $0.50 and hold then it has some more work to do.
Located in Québec. Have had early good exploration results. What they are drilling trends under a Lake so they will be doing some winter drilling program on the ice. There could be an economic deposit.
First Cobalt (FCC-X) TSXV
He doesn’t know their financials. The company is trying to revive a historic mining area in Ontario. This type of work takes a lot of money and might require First Cobalt to issue more shares, driving down the price. Alternatively, they might take on a lot of debt, which carries its own problems. Cobalt is…
Gold in Burkina Faso. Good management. His probabilities of success are very good based on management's previous success in selling a gold mine. Have started drilling. Speculative.
Gold and silver. Have over 1 million gold ounces in Sweden. Very cheap. Hit some targets in Mexico at about 180 and 270 g per ton. Just signed a joint deal. A lot of upside in this story. Very cheap.
Continues to add to the position today. $105 Million in cash. Very rich deposit in Columbia. Has very high grade gold showings and PGM credits. Will continue to drill this year and deliver this year. Deposit could grow a heck of a lot bigger over the next couple of years.
Has some very good assets, but unfortunately in some difficult environments, Greece being front and centre. Probably trades at a 30%-40% discount to its peers. A very low cost producer and great margins. Material growth down the road over the next 5 years. Unfortunately, they are in a bit of a battle with the more…
Have a joint venture with Hawkshield down in Argentina. A good project. They are in production which is good. Good management. These types of stocks will have the best bounce in a higher gold price environment.
Doesn't know the stock that well but based on what he does know, it's in a favourable place. Undervalued. If the mining cycle continues, you should see good performance out of this one.
Has a very good project in China. If you are okay with investing in China, there are two companies that stand out, this one and Sino Gold. Not a fan of China.
Has an old mine outside of Los Angeles that was run in the 1930s. Closed down during the Second World War and they are doing open pit mining in the area. Has some issues, but at these gold prices, it will probably start to work again. Under followed. Highly speculative.
He likes management and the asset. They are looking to produce 120,000-150,000 ounces of gold per year. They are all-in sustaining costs of around $740-$790. Have $50 million in cash. They are paying down their debt, which is only about $54 million. A single asset company and in a jurisdiction not everybody wants to be…
This is not the first bear market he has seen. This is the next new big mine. Diamonds have been going thought a bit of a dry spell. There were finance issues. The rough market for diamonds is up a little right now. He prefers to go in at a little earlier stage. He believes…
Has been a phenomenal success over the last year. They acquired a producing silver/lead/zinc mine in Mexico. They're very close to being in production. Just announced an option on a 2nd past producing mine in Mexico.
Likes this company. Chinese have taken a 20% interest which is significant. Also have a good play in Northern B.C.
He was stopped out in the summer and is happy about that. The software subscription business just did not generate much revenue. From here you are better to look elsewhere.
Spoke to the CEO recently. Have a nice little business. Kind of a service provider to utilities and telcos. Write software pieces that help them send bills to their customers. The trouble is, they don’t have one source of revenue, sort of a patch of many different things. Also, they are capital constrained and need…
An asset manager that operates in the high net worth space. The demographics are great. Family assets are growing more quickly than lower net worth households. Also, client relationships tend to be longer-term and stickier, due to the nature of the services offered. The stock is discounted because of long-term litigation with the founders, which…
Down 24% in the last year. It got way ahead of itself. He has been accumulating shares and is the second biggest shareholder. Now in the low $2s it is attractive. 4% dividend.
Use this list wisely to identify buying opportunities.
Happy trading !!!