Many resources and ETFs are hitting their 52-week high again this week. Notably, Metro, who is reporting their earnings this week, is once again on the best performer’s list! Energy was hit hard last year, but Enbridge is once again on it’s 52-week high. The notable big losers are Bellatrix and SNC Lavalin hitting their 52-week low.
Here’s this week’s 52-week high and lows of securities listed on Stockchase:
Here’s this week’s 52-week highs stocks ….
The 3rd largest holding in his portfolio. They have seen the mines in Turkey and were impressed. The area is a danger zone with recent fighting and the stock has taken a hit. The mine is far enough away from the fighting so he thinks it will not be impacted. He paid just over $2…
(A Top Pick Mar 15/19, Up 26%) Merger with Detour Gold is creating a better entity. Longer streamed production, better leverage on the balance sheet. It will be 10% of his portfolio.
There is no dividend. Sales are up but earnings are less negative rather than positive. Earnings growth forecast for this year is zero.
Doesn’t particularly like the deposit. Very speculative. It’s all over the map. There are safer names out there.
A silver mining company in Mexico. They have unbelievable yields on their mines. He is very bullish on silver prices going forward. A great take out prospect. Yield 0% (Analysts’ price target is $6.63)
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.
Good management team. A little expensive at this price, relative to the state of the project. Would nibble away on any weakness. Be patient.
It's a 10 cent stock, when even the big companies aren't doing well. If you like it, sure go ahead. But there's nothing he can add.
He added to it after meeting managers. Strong cash flow in recent quarters. They will reach middle or top of their production guidance. Trades at a really cheap valuation (and other metrics) vs. peers--trading at 6x next year's earnings. Expect a strong Q4 with super-strong cash flow, and given their mines are ramping up with…
He generally does not trade gold stocks. But this is a good one as it pays a royalty. It has always been expensive, trading at 40 times EBITDA. It actually is a defensive stock as well as it would trade well if the market were to fall. Yield 1%
They are turning themselves into a mid-tier producer of gold. They have invested into exploration of another significant mine that could result in a very positive reserve assessment. They found some interesting high-grade zones in the new mine. Their long term Eagle mine is also able to expand. Yield 0%. (Analysts’ price target is $5.28)
(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 Top Pick Oct 01/19, Down 1%) It's been sideways since June, so he's a little worried that it may break lower. If it does, he will reduce his position. It's in the penalty box, but he likes it.
They are not dependent on the oil patch. It has been penalized because they reduced guidance for the year based on some weather related problems. They doubled their US business in the last 2 to 3 years. 70% of their business is now in the US. It is a very well managed company. (Analysts’ price…
CAE Inc (CAE-T) TSE
All regulators will say pilots should get more training across the board since the Boeing fiasco. It is 28 times earnings and he likes the backlog. There is a moat around the business. (Analysts’ price target is $37.78)
Competing against Costco & Walmart? Associated with Sobey's. The competition has been there for a while. Sobey's has been developing good partnerships including into delivery. The pressure that has come to retail outlets is coming to groceries as well. You will see stores to optimize space. Sobey's is already looking into this, he feels. Crombie…
It is well positioned in Toronto office space that is in niche places. It trades at a fair price, it is not cheap. If you own it, continue to hold it. Toronto has some of the lowest office vacancy rates in North America. He is waiting to buy it at a discount to NAV.
His preference is to, rather than going into one particular name, he would go to a REIT ETF. There are several equal weight ETFs that do this. Get a basket of real estate trusts.
He follows it as it gets interesting. It's up 35% this year with apartment holdings in Toronto and Montreal. They're hot now, getting acquisitive outside these two regions. If you don't hold REITs, this should be one of them. A top contender. A solid business.
Walmart is the anchor. Issue is most of future growth is going to come from transactional type deals such as condos, storage, seniors housing. Walmart portfolio of stores isn't generating any growth, and the street won't give them credit for the transactional gains. Lots in the pipeline. Valuation is fair. Dividend is safe and it…
(A Top Pick Jun 14/18, Up 59%) It is another example of an undervalued tech company in Canada. It was taken out by MS-N just over a month ago.
Granite vs. BAM Granite has done well and he regrets not buying it. They've done a great job transforming the Magna assets. It's come a long way. He's neutral on it now. BAM is totally different, a huge conglomerate, a premier stock on the TSX. You can't compare the two.
Loves this. They're in Ottawa, Montreal, and the GTA, benefiting from strong population growth. They buy undermanaged apartments, invest capital and fix them up. So, they can increase rents. They've done this for a long time. A darling that he's long owned. They're developing land with Brookfield around Burlington.
The multi-dwelling residential REIT space has been shooting up in markets like Halifax, Quebec and Toronto. KMP is making new developments. He likes this, but it's too expensive. Tailwinds (geographies) are working for KMP.
Rental apartments are a great space, but NVU suffers from poor governance and low-quality real estate. There are way better names elsewhere--like CAP REIT or Killam.
A hold. A tiny REIT with a yield that is too high to sustain. They did a portfolio acquisition of retail mall space in Quebec -- the wrong asset at the wrong time.
Not on his target list. It trades at 14 times earnings -- pretty cheap. The balance sheet is a little more levered than he would like. Earnings growth is not great. If you think interest rates will not change and remain low, he would prefer others. A quality name though.
Involved in nonstandard automobile/motorcycle insurance as well as home insurance. BV of around $14.37 but Tangible Book is $13.50. No debt. Overly capitalized by over $35 million. Stable management. Basically Canadian, but their big driver is Europe. 25%-30% growth. Will probably earn about $1.30 next year. Have an option of putting in a dividend, free…
It's been in a tight range and will continue to. It's now near the bottom of that range, so buy away. It's approaching the sweet spot.
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)
They have surgical facilities in the US. It was trading for the dividend and then things fell off the rails and they cut the dividend. He was concerned that something was wrong. They made an asset sale recently to try to clean things up. Let the shareholder base switch over and let things settle.
Earnings miss? She owns Loblaws instead of Empire, who just commented how competition is increasing. The recent stock pullback might just be a re-calibration of earnings metrics following the release of an earnings miss.
Metro is by far the best management team in the sector. It seems to go through these cycles. It is a good entry point to get it in at a bit of a lull.
They've been struggling because of weakness at Tim Horton's and Burger King. This will turn around. He's confident. Meanwhile, you're paid while you wait. A 10-15% rebound in the stock would interest him. He owns McDonald's in this space.
From $40 to $240 Million in sales in three years. 45% of the meal kit market. They recently announced they're positioning against the grocery market. They are being very smart about this. They are leveraging their platform to add to the food basket. They trade at a big discount. They just announced a reusable box…
(A Top Pick Dec 28/18, Down 5%) Sold it earlier in 2019. Its outlook is merely okay. Look elsewhere for yield. Rogers is getting hit by its own unlimited data plan.
BCE Inc. (BCE-T) TSE
vs. Verizon Verizon is a good US income stock. Own this in a non-registered account to avoid the tax hit. Better to own BCE, because it won't be taxed in a sheltered account.
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…
Enbridge (ENB-T) TSE
ENB vs. TC He owns ENB which he has picked before. Hold onto it for a long time and collect the dividend. It's worked through its capex issues. TC has a similar story with cash flow growth, a strong dividend yield and a multiple expansion to come. Infrastructure assets like this are hard to find.…
Route 1 Inc. (ROI-X) TSXV
The business allows a USB device to reach into a database. Many of the clients were US military and security agencies. A recent acquisition gives them good forward prospects.
It isn't moving with the markets. It bottomed at $12 in October and has broken out nicely since then. Interesting. Will meet resistance at current levels. But it has the potential to reach $16-17. People are buying it for the decent yield. Looks good now, but dangerous if it falls below $13.25. Take a break…
(A Top Pick Jul 24/19, Up 13%) It pulled back in the summer with a rotation into cyclicals, but now investors are turning to this sector and Emera. This pays a nice 4% dividend yield that's growing. He's sticking to it. Stable earnings will let you sleep at night during volatility.
Here’s this week’s 52-week low stocks ….
They are more levered towards natural gas. It all comes down to being able to live with the volatility. Anything related to Montney natural gas is betting on LNG, which may not come quickly enough. He would stay away.
The US / China truce as of last week eliminated the strong worries people had on the global economy. There has been a large unwind of value stocks for growth stocks. The best value in the world is Canadian energy stocks. PEY-T is a levered natural gas. He took the easy profits off it. If…
He likes their dividend model. They are 85% liquids. He thinks they could increase the dividend come 2021. It trades at 2 times cash flow currently. His target is $2.41 per share. Yield 9.62% (Analysts’ price target is $1.58)
This had been on his Short List of about 10 companies. There is absolutely nothing wrong with it. He thinks you could get an 8%-10% rate of return. It just didn’t seem to have that key catalyst driver that could make it exciting. (See Top Picks.)
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…
🛢 Basic Materials
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”.
On the sidelines until the CEO impresses him; he's having implementation challenges. He's staying on the sidelines for now. Great CEO though.
(Past top pick March 6, 2018, Down 57%) When he bought it, he was interested in their copper play in Mexico. Since then, they had a big investment from Newcrest Mining. AMX has split into two companies, including Azucar. AMX is now the prospect generator. He owns them both. That transaction took a long time…
A large continental deposit, but there are political problems in Colombia. Are also concerns over cost overruns, can be managed. Worth buying overall.
Newmont took a position last year and surprised many at PDAC. Newmont is doing a joint venture on Goldstrike's Plateau property in the Yukon at a 90+% premium. Newmont is active and keen.
They had a lousy quarter. The stock is too cheap now. A small market cap company--caveat. There's a lot of exploration upside. Their earlier quarters beat expectations. They're in the penalty box, but they will recover.
Their deposit in Peru looks very attractive. It's large and has good grade. There is a significant amount of oxide material. A lot of upside potential.
(A Top Pick Jan 05/18, Down 86%) He sold out of this when it became apparent oil prices were not going to finish above $70 per barrel by year end. He sold out around $6.50. Demand for frac-sand is down and their is greater competition in the US. Spending plans have declined in Canada as…
He is not sure the company will stay public. A fruit juice company (LAS.A-T) has a 20% stake and could acquire it in 20-3 years for a much higher price.
He would like to see a couple of good quarters out from them. It is thinly traded. You have to be prepared to watch it quarter by quarter.
Doesn't know this company. Loves the space. Names with a good name, like "green" move well. They produce organic foods, and people are looking to eat healthier. Fancy name. Fancy products.
Payout ratio is 56%. Sales are declining by 25% and earnings have fallen by 67%. He would be cautious and would look elsewhere. Yield 13%
Good company. In some interesting spaces in terms of hormonal stuff. They are on the search for a Viagra for women. The numbers into 2016 are looking pretty good. He wants to see one or 2 more quarters, but if they keep doing things the way they are, it is a name he would be…
He bought in the last 3-4 months as they settled some of the legal issues they had. Management has been doing a good job of cleaning house. 12 months from now they will be out of the higher risk contract construction projects. It is really under priced. There will be volatility over the next 4…
Where you talk about a bear or bull ETF that is levered, they have no future. You are supposed to trade them on a day to day basis or possible a weekly basis. They are guaranteed to lose over the long term because of the way the gains are translated over night. These are a…
Use this list wisely to identify buying opportunities.
Happy trading !!!