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….
You don’t get this one on sale very often. It has really come off. It is an opportunity to get into it. They have developments coming on line and good retail properties. This is a nice opportunity. They are continuing to diversify geographically.
OK in a TFSA? Yes, that is fine. He really likes this one. The biggest risk is the Sobeys family, which has been an underperforming grocer. That doesn’t affect this REIT unless something major goes wrong. The discount it has been trading at, relevant to its peers is too wide, and there is still a…
A 9% yield is high so pay attention to why it is so high. Lots of Alberta exposure. They want to reduce leverage. There are a number of issues that cause him to look elsewhere.
Closely tied with MG-T. 80% of revenues come from those properties. They have been trying to bring this down. The dividend is good and in fact it is probably the best performing REIT there is.
This REIT has been around a long time and holds a cluster of assets in Toronto, Vancouver and the US. Generally, it is well run and you could continue to hold it for the long term. He would prefer SRU.UN-T.
Likes the apartment sector in Canada. Shorter leases and about 40% turnover so with inflation you can capture higher rates. Rock solid balance sheet and they just made a major accretive acquisition – a redevelopment play. You are buying at a discount and you will get dividend growth. They make improvements and get above guideline…
This fund is being taken out. Recommends putting your money into a tax deferral and high yield fund.
A very well-managed REIT. Has a portfolio of basically Walmart anchored tenants for its plazas. Has a good development team in place, so he expects they will continue to see growth. Very reasonable dividend at just over 5%. A name that you could buy over the next several years.
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.
It had an attack from the shorts but they failed to convince the market. 2/3ds of their business is in the US where they are just discovering hydrovacing. They generate great free cash flow and are very well managed. Buy it and sock it away. (Analysts’ target: $37.00).
(A Top Pick July 18/17 - Up 26%) Garbage. As the economy improves more garbage being produce. Optically not cheap. Trading at 30 times earnings. But they continuously beat expectations. There are profit to be made here.
This has fallen again. The issue is that they own 6 surgical centres in the US and there is competition coming into these markets. All the things that people worry about are in place and he is using this as an opportunity to get a position. They do own the buildings. Dividend yield of 8.46%.…
Enbridge (ENB-T) TSE
ENB has cleaned up its act, getting rid of some assets, cancelled their DRIP and their valuation is still compelling. Various things have lined up now to propel ENB forward. You can hold this for 25 years and do well. ENB is the best in this sector.
In the Athabascan Basin, which has the highest uranium deposits in the world. Drill-ready targets. High risk and very speculative. Good management.
This typically does really well from April to July, but once you get into July, it tends to move lower. We are now past the period of seasonal strength. Stay away from this for now. There are other opportunities.
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.
Has been fantastic, all-time highs. Lots of gold stocks will do well, as people look for safety. Rates well fundamentally. Could see it coming down and finding support at $30. He'd be taking some profits. If markets rally, this could be a dangerous stock. Has potential to be sold off, as part of a sector…
Silvercrest Metals (SIL-T) or Silvercorp Metals (SVM-T)? This one is a fairly small deposit, but with high quality people.
This is a good defensive stock -- trading to 52 week highs lately. Tariffs issues don't come into play with this one. It has a decent yield. A nice bump up in subscribers last quarter. A good company at an attractive price.
CGI vs. OTEX He's been watching Open Text and will buy it under $40. They're good at making purchases. He prefers it to CGI which is too high right now.
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…
A Top Pick November 9/17 Down 64%) Natural gas companies, as a whole, have been taking a beating lately. People are worried about prices of $1.00 /mcf. LNG export capacity is sopping up growing production in the US and he expects a 3.2 TCF storage level there heading into winter, compared against 4.0 TCF historical…
(A Top Pick Sep 21/18, Up 32%) This is a cash flow play. They have positive cash flow. They have strong management and is clearly oversold. They are profitable. He did not expect oil to drop to $59. It is more volatile than the index. It is a safe, risky play.
(A Top Pick May 17/18, Down 41%) They had challenges that spooked investors. He thinks it is cheap at 9 times earnings and does not feel the dividend of over 5% is at risk. He will continue to hold it. It is cheap here.
It has been a painful year for junior mining stocks. There has been an exodus of capital from the group. It is a pure play on zinc, is a low cost producer and he likes their position. There is no debt and they are building up cash. He thinks a catalyst will be the US$…
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.
ELD-T is all international: Greece, China and Turkey. They have had political problems in Greece, and Turkey is not exactly stable. He sold 5 years ago because of the volatility. You are getting way away from gold and it is not portfolio insurance, but execution risk.
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.
(Market Call Minute.) Another Semafo (SMF-T) junior, another high-grade Burkina Faso mine that’s been built, going through ramp up. If all goes according to plan, they’ll have fantastic margins. A low cost producer with the ability to probably double production in the next 2-3 years in the next phase of satellite expansion.
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.
Too speculative and carries huge debt. It had a good run, but launching satellites is really expensive with credit spreads wider now. This is in the penalty box, though they could fix the business.
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 !!!