This week’s new 52-week highs and lows … (Jan 23-29)

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 Feb 25/21, Up 15.3%)Stockchase Research Editor: Michael O’Reilly With the recent completed acquisition by AEM now official, we now consider this position closed. When combined with the previous recommendation to cover half the position, this results in a net investment gain of 22%.

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.

Excellent management team with proven results.Current production slightly discounted by market.Current share price highly discounted relative to NPV of assets on a per share basis. Expecting share price appreciation, or takeover.

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.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. DPM is now trading at 7.0x times' Forward P/E. In the 4Q, DPM’s revenue declined -8% to $152.9M, compared to last year of $166.4M and EPS wass $0.24, beating estimates of $0.20. The balance sheet is strong, with net cash of $419M. Trailing twelve-month cash flow…

(A Top Pick Nov 09/22, Up 9%) The go-to gold name for retail investors. Let's you sleep well at night. They're insulated from capital costs and overruns from gold and silver production. Also, they benefit from upside in commodity price through optionality. A perennial outperforming in mining.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. EPS of -2c slightly missed estimates. Revenue of $75M missed estimates by 10%. EBITDA of $21.3M missed by 8%. Gold sales fell 16% yet all-in costs rose 18%. 2023 forecast is for 120,000 ounces, up from 111,000. Its problems are not unique as costs continue…

(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.

Has done well. Classified as an industrial, but it doesn't have cyclicality. Pricing power and acquisitions drive the long-term growth. Operate in a lot of uncontested markets. Should continue growing at high single-digit pace. Zero product obsolescence. Sold, and high-graded his portfolio to WM instead. Both are good.

Large business across North American.Good play on infrastructure investment throughout North America.Does not own shares at this time.Prefers other names in sector.Prefers other names with electrification exposure.

Will continue to fly. With all costs so high, simulators allow pilots to remain current at reduced cost. Will expand over time. Greying of the pilot employee pool, and CAE will capitalize on the needed increase in training.

Grocery-anchored retail, defensive. Benefits from inflation. Occupancy up last quarter, higher leasing spreads. 14.7x, 10% growth. Price to growth is super-compelling, super-nice dividend. Reasonable balance sheet. Yield is 6.17%. (Analysts’ price target is $18.00)

80% of portfolio in Toronto and Montreal. Availability rates are over 16%, yet new builds continue. Sold data centres. Good position on cashflow. Valuation now more compelling. Enticing 9% yield if you're willing to take the risk. Difficult asset class going forward, perhaps better value elsewhere. Many of these stocks look oversold, though he's not…

Europe and Canada, with major focus on Toronto and Montreal, which are seeing market rent growth of 40-50%. Strong internal cashflow growth, discount to NAV of $17-18. Quality. Yield is 5.40%. (Analysts’ price target is $17.08)

(A Top Pick Sep 28/22, Up 45%) Got taken out. Traded at a 25% discount in a sector that was in high demand.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Units are quite cheap at 11X cash flow, and generally we like it for income. Very little growth is expected, and of course inflation/rates impact it, and the retail sector is somewhat under siege right now. Payout ratio is high at 93%, but did drop…

(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.

GRT.UN vs. CAR.UN Both are quality. Likes both sectors. Likes both, but if he had to choose, he'd pick GRT.UN.In Quebec and BC, but CAR.UN is mainly a play on Toronto, a fantastic multi-family market, but there is rent control. Great supply/demand fundamentals, but hard to get the cashflow. Outperformed peers, so pullback is understandable.Industrial…

(A Top Pick May 21/20, Down 4%) Once he realized interest rates weren't going to stay at zero, he scaled out of real estate from 22% down to 5%. He held onto industrials, but sold this one. Really likes the company, but is waiting until interest rates tick down again. Very interest-sensitive investments.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research KMP.un's second-quarter funds from operations (FFO) per unit came in at $0.30, an increase of 7.1% year-over-year. The company reported a net income of $114.5 million, against $68.7 million reported in the second quarter of 2022, beating estimates by a wide margin ($30.4 million). The…

It is a subject of a takeover and you might consider holding it until the close of the take out transaction. You could also move to another apartment REIT. Your upside is capped from here with NVU.UN-T.

80% industrial, hoping to get to 90% by end of this year. Still owns some office and retail. Needs to sell assets to lower net debt, and then buy better-quality industrial assets. An execution and show-me story. Above-average debt profile, with an above-average dividend yield of 8.8%. Management's done well. Interest rates are a headwind.

They control Loblaw, which anchors a strong portfolio. Is stable. Hold many industrial warehouses. Solid managers running a solid balance sheet. Pays over a 5% dividend. Shares now are not a bargain, but a solid investment.

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…

(A Top Pick Mar 21/23, Up 0.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with HR.UN has triggered its stop at $11.50.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 9%, when combined with the previous buy recommendation.

Unique business plan.Pool of money that collects dependable income.Worst case - can collect underlying real estate. High yield being paid on shares.

Has pulled back a lot. It holds US medical property. It has suffered inflationary pressures, but will diminish in 2023 and the stock will recover. Don't sell it in the current Dutch auction.

It got stuck above $30 and is now building a nice base. He likes this.

Turned around Safeway acquisition. Inflation has helped food pricing. Canadian population growth. All the grocery chains own the best locations. Underperformed this year. Valuation much more attractive. Has always logged Loblaw, perhaps because EMP.A has a more confusing structure.

He sold this a while ago and has now added it back. As a defensive stock it is one of the better plays over the next one or two years.. It has done a good job of re-vamping its stores and most of its capital spending is done.     Buy 1  Hold 10  Sell 0…

High quality. Recognizable brands. Stream of revenue from franchisees. Efficient management team, not afraid of innovation. A lot is riding on the new CEO. Pricing power. 30% ROE. 20x earnings. If price dropped to $90, buy more aggressively. Yield is 3%.

(A Top Pick Apr 28/21, Down 67.4%) Are building online grocery sales now. When he recommended it, he expected another leg up--and shares rose last summer on good numbers. But he sold this around $10 because he was concerned the company was no longer focusing on meal kits and was spending a lot to enter…

Good value, whole sector's been in a funk. Got a good price for Freedom Mobile. Good operators. Better growth potential, as they can now operate outside of Quebec. Wants to see capex plans for Western expansion before adding to his position.

He targets $47 or 13% lower. It yields 3.7% that they can cover. But the market isn't excited, plus this is sensitive to interest rates. It's only slightly better than BCE. Maybe it's interesting at $41.

Will they cut dividend? He doubts that any big Canadian dividend stock will. Also, BCE tends to cut loose its businesses. BCE will not cut. It pays 7.5%.

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…

Higher interest rates have been a headwind. Likes the yield on ENB (over 7%) and PPL (6.5%).

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.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research INE has been closely tracking to the broader 'clean energy' industry (PBW as a proxy). The PBW ETF peaked in early 2021 as 'green' stocks flourished, but the ETF and industry has since made a new 52-week low. The stock is a $2.1B company that…

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research The stock might be range bound as it plans to sell its renewable business. Much will depend on how much it gets. The initial investor reaction was somewhat negative. If interest rates peak, which they appear to be doing, the stock should do better. We…

All energy stocks, from renewables to this one, are down. Pays a roughly 6% dividend, and it's safe. Generally, you can start to buy these. It's all about interest rates, which continue to rise. Dividend stocks are competing with GICs and other bank deposits offering 6% yields. Doubts that any utilities will cut dividends, but…

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…

Buying shares recently.Strong company with good dividend.Expecting higher natural gas prices.Hedging allows for safety on dividend.Excellent management team.

Owns ~9% of company.Quality company.Good exposure to "Fish bone" drilling.Not on institutional investor radar.Expecting share price to rise to ~$16. 

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…

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…

Been a nice success story. His opinion is that the commodity cycle has really played out here.

A large continental deposit, but there are political problems in Colombia. Are also concerns over cost overruns, can be managed. Worth buying overall.

They discovered dramatic interest in 3D printing in education. These guys specialize in education.

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 small, very speculative land holder in Canada. Higher nickel prices may push this stock higher

Highly volatile stock.Good to buy when out of favor.Service style business is the first to be cut when energy prices fall.Good if bullish on energy(risky). Better names for investors (Trican/Precision).

Lingering issues from pandemic should improve. Expects largest shareholding family to buy out minority shareholders at some point. Should see nice jump in sales and profitability over next 12 months.

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…

Have they atoned for their bribery sins and reformed? It's a different company now, out of the energy business and run by different people. He needs to look at this closely. It nearly didn't survive its corporate misconduct.

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…