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….
He is a big fan of this company and likes their management team. Their own risk management tolerance is low. A lot of buildings in Toronto and Vancouver, but they also hold office space in tight markets. They find older buildings and turn into nice new spaces. The balance sheet is healthy.
A grocery centered REIT. It is a very safe hold. The rent collections have been quite high through the pandemic. It has sold off quite a bit. It is a safe hold. The distribution is safe. He questions the growth in the future, however.
It is in the right sector. We are in the earlier innings of a whole change in the supply chains. It has recovered off its lows and is a safe hold. Longer term this is a really good stock to own. The distribution is quite safe.
He likes the warehouse sector globally. Retailers had just-in-time inventory and may now have to increase inventories. Now is the time to buy assets and GRT.UN-T just issued equity and attractive bonds. The balance sheet is in great shape. (Analysts’ price target is $75.68)
It has been a very difficult stock to own. It just cut its distribution in half. Management hopes they are being over cautious. Mall tenants are only paying about 25% of the rents. They have quite a bit of exposure to oil and gas tenants. Your upside is much better than your downside. Their apartment…
The only REIT that focuses on the cannabis space. The company should trade at a premium to its NAV so it can go out and purchase more assets. It recently raised equity and has no debt so it is in a good spot. You'd have to own it based on its growth profile.
(A Top Pick Feb 12/19, Up 32%) Scotiabank just announced a $13.75 target. Managers own about 10% of shares. There's good industrial rent growth in Toronto and Montreal. Vacancy rates are rock-bottom low.
Bond-like, they're very good at mezzanine and commercial lending. They distribute what they get and are conservatively balanced (balance sheet). They know their markets. It's like a mortgage-lending situation. They earn 7% rates of return, no more or less. A very stable investment, acting like a bond proxy. (Analysts’ price target is $9.96)
It is safe in terms of distribution. They have exposure to Walmart, so in terms of cash flow it is safe, however they have zero growth. They have quite a bit of leasing to do. They have a good management team and some exciting developments. (Analysts’ price target is $20.75)
A portfolio of US properties. It also has some interesting properties around the DVP area in Toronto. The CEO is one of the few people that not only knows how to buy, but also how to sell. Thinks that at some point, he will sell the entire company if he can, or bit by bit.
They generate electivity and sell it. As we move in this direction this company will have a foothold and niche. It is a capital intensive business and interest rates rising will be a problem.
It has been on fire this year (up 30%). Hydro Quebec is buying 10% of the stock. He would stay on the sidelines since it has rallied just based on a strategic alliance with Hydro Quebec.
(A Top Pick Aug 01/19, Down 40%) BAD is associated with shale oil, which of course hasn't done well. But BAD has a mobile fleet that can perform other work. There are better stocks elsewhere, including gold.
(A Top Pick July 3/15. Down 43.04%.) Sold his holdings at around $5.50, and lost money. Their business continues to grow, and this is one that he continues to watch. There is lots of promise here.
A tricky one. He's torn. It checks most of his boxes, but not one: they hold a lot of debt. Their growth has been spectacular, but fueled by debt. He doesn't know the debt repayment details offhand. He prefers a stock with less debt. That said, the garbage business will be stable during this pandemic.
He is always very suspicious of a company with all of its assets in the US that lists on a Canadian exchange. Medical facilities in the US are a different market from the Canadian one. We've seen similar companies in the US where it didn't end well.
Enbridge (ENB-T) TSE
Line 5 issues? They have been in the news a lot lately. An anchor became dislodged on their Eastern portion, but a judge forced an injunction to shut down the western section as well. On Canada Day, the western portion was allowed to reopen. Line 5 is only 2.5% of the companies EBITDA, so it…
Junior company that is basically raising money to explore for uranium. Sometimes takes years to find a deposit. Have to be patient. Some interesting prospects in the Athabascan basin. Pretty strong drill program for the first half of 2008. On negative days, you could pick some up for a short-term trade.(Buy uranium stocks when uranium…
You want defensive stocks right now. Big thing is Jean Coutu, and integration will create earnings and cash flow growth. More difficult issue is how to expand that brand beyond Quebec, and this is already priced into the stock. A defensive name, and you can do quite well. Yield is 1.7%.
A good entry? He has used it personally for food delivery, but does not own the stock. From a valuation perspective be careful here. A good story and good margin business. He would look for a better entry level.
🛢 Basic Materials
There is no dividend. Sales are up but earnings are less negative rather than positive. Earnings growth forecast for this year is zero.
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.
They just partnered with a private equity group. The company is now 45% owned by private equity. They completed their first pour in the Yukon and are moving towards commercial production. The problem is the private equity partner will have a lot of say in the operations. This will keep him out as an investor.
(A Top Pick Jun 27/19, Up 2%) Their Australian mine was their gem. The detour mine acquisition – people on the street felt they overpaid. But now it looks like it is starting to accelerate again and gold has a tail wind behind it. It could do well going forward.
They had a sound model on where the gold was and now they found more. The management team are great. They are in Northern Mexico. He thinks the permit will not be an issue. It is at a very high multiple due to their silver assets.
BCE-T vs. RCI.B-T. They both have this perpetual cap-x spend in front of them and have a challenge in growth looking forward. But the telco space is not as expensive as some of the other defensive stocks. You would do well by owning any one of these. They score quite similarly. You can hold these…
She has owned this for quite a while. At this price level it is a buy. Their business is split between outsourcing and consulting. This includes high recurring revenues. The lock down and pandemic has slowed some of their business. However, she thinks companies will realize the value of the services in security and outsourcing…
It is a greener form of cement. They use a lighter form of concrete to be a base, instead of Styrofoam. The product is fairly new but well received so far. They will probably look at making acquisitions.
Here’s this week’s 52-week low stocks ….
He stayed away because they went to the states to make acquisitions. He did not know why the Americans would not already take these assets. He stays away from it.
Debt concerns? BXE took bankruptcy protection when debt became too much. There is no equity value in it any longer. Companies that have debt that matures in 2020 or 2021 will have issues. He sees no issues with BIR or TVE on this topic. The new Federal relief program for large companies may be difficult…
(A Top Pick Jun 20/19, Down 66%) Of course, have been impacted by oil prices. They continue to pay down debt. Q2 and Q3 will have lower cash flows. It's been beat up and have a slight bounce from the low. He'll buy in Q4 during tax-loss selling. Nothing to move this stock up in…
The dividend has been cut. Analysts expect earnings to return next year. He is not sure if they can achieve their targets.
It looks interesting, but is too small for his funds. It has under-performed for the past few years. They are in the right place at the right time, but we need to see some good drill results soon.
First Cobalt (FCC-X) TSXV
Cobalt is attractive but this is not a cheap producer, because they're in Canada and not Russia or Congo.
In Western Africa, this miner is looking for funding. It is not the exciting part of the cycle as they are in the de-risking mode. Investors are looking for projects that double resources. Institutional investors are not yet stepping in the space.
(Top Pick Jul 13/11, Down 8.69%) Funding issue. Venture is down about 38%. Exploration companies have come off the most. Smaller company that didn’t have a lot of cash. Two days ago they came up with a huge whole with 1.3 grams. If you have a long-term perspective, wait until they do their funding.
A large continental deposit, but there are political problems in Colombia. Are also concerns over cost overruns, can be managed. Worth buying overall.
They exploded today with good news from Turkey. However, there is geopolitical risk in Turkey. They are moving forward with their project but he would avoid geopolitical risk. (Analysts’ price target is $10.50)
On the sidelines until the CEO impresses him; he's having implementation challenges. He's staying on the sidelines for now. Great CEO though.
Listed in Canada but operations are in the far east. Is cautious because of high debt and accounting is weird. If you are betting gold will go a lot higher it is a pretty decent bet but if not it can decline a lot.
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.
It is a high grade underground gold deposit in West Africa. The company has been generating free cash flow. It is a good management team and they are starting a new project also in West Africa. There is a security risk in these areas, however.
Sees no change to the dividend theory. The 3 Irish business millionaires actually control the company and are holding it long-term for the dividends. The company has some costs going on disadvantaging it. The diamond sector itself has not produced really stellar performance. This is a “wait and see”.
Has been a bit of a disaster. Mine in Texas is not going ahead, resource was not properly done. The reserves are not what they expected.
Likes this company. Chinese have taken a 20% interest which is significant. Also have a good play in Northern B.C.
It has come back a long way after they had a satellite explode. He is amazed it is doing as well with the debt load it carries. It is too expensive for him today.
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…
Owned it a few years ago and cut his losses. Now, cut your losses. This business is struggling as an asset manager, specifically to retain and attract new clients. Also, their key managers, including the CEO, have been leaving. They won't generate much in performance fees, which has been an attraction for investors in the…
They have a fair bit of cash in the bank. Being a smaller company it suffers more from pirated content on the Internet. It was a really well run company. They had a lot of cash in the bank.
Use this list wisely to identify buying opportunities.
Happy trading !!!