New 52-Week Highs and Lows (Nov 14-20)

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.

(A Top Pick Jan 09/23, Up 3%) Strategy was to hold cash as interest rates were rising. Zero risk asset.

Stock vs. Stock. FIE-T vs. CMR-T. CMR-T is a money market fund. FIE-T is a multi holding income strategy holding all kinds of assets, so there will be more volatility. When markets are up go into CMR-T and FIE-T when they are down.

More of a short-term trading instrument. Definitely don't just park money in it, money gets lost in it every time there's a move. Instead, play via a TOU or even some of the US pure-play nat gas producers.

One of the most senior producers of silver. Silver is better than gold, as the bulk of silver production comes from copper mines. Silver just crossed $24, and there's lots of upside. SSRM has a $28 price target. He wants something that will benefit once inflation is realized.

Very good company that has owned for years. Recent A.I. acquisition good for business. Trading at high valuation. Would be good for long term investors. 

HR.UN vs. AX.UN Doing its best to diversify into multi-family residential apartments in US Sunbelt, where supply is high, so operating income will be challenged. Execution story in a difficult environment for selling or transitioning assets. A hold. Discount to NAV, but headwinds to fundamentals. Still, prefers it to AX.UN.

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.

It is in the field of asset management and manages $164 billion in assets. It has grown by acquisition in the last while but the stock price is too low now for them to use it as currency for more acquisitions. It needs to be bigger in this type of business and there are better…

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…

Great job getting into other asset types by going vertically on what they already own. Operating income dictated mainly by WMT, which gives a very defensive profile, so he doesn't really worry. Flipside is very little growth. Tight cashflow coverage. Believes distribution of 8% is safe, even though payout ratio spiked above 100% temporarily. Better…

(A Top Pick May 08/23, Down 38%) He's still bullish on vanadium. Mining market in general has had a very difficult year. Vanadium is a minor metal and hasn't attracted the market yet. Malaise sets the stage for a rebound. Longer-term supply/demand fundamentals are attractive.

He is uncertain as to whether to add to it but is interested. It has been in a downward trend with a recent upturn. It is showing a reverse head and shoulders which is a good sign.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research EPS of 74c beat estimates of 71c; revenue of $869M beat estimates by 3%. GIL actually lowered guidance but the stock rose anyway as the degree of adjustment was less than expected. RBC raised its target. EPS is now expected at the low end of…

Consumer discretionary spending is challenged, especially out of China. A pivot in interest rates would change his tune.

Telcos in Canada are in a unique spot. Quebecor has really upped the competitive pressure, positive for the consumer but negative for BCE and Telus. Stay away from those two, and see how things shake out. Prefers RCI.B, with its ability to shave costs from Shaw, or QBR.B.

Performing very well in wireless business. Will see benefits of Shaw deal soon. Trading at lower multiple than Telus. Better growth rate than peers. Expecting strong share price performance in 2024. Net subscribers up 18% YoY. Dividend strong for defensive investors looking for safety. 

Possible takeout candidate. Cheap share price value. Paying stable dividend. Not highest quality name in sector. Would recommend partial investment. 

(A Top Pick Nov 28/22, Up 61%) Excellent management team. Strong value oriented company. Bond portfolio very strong. Higher interest rates good for business. Organic expansion in underwriting business very strong. Current valuation still cheap. Would recommend buying even now. 

Interesting transaction. Takeover at a discount, which is atypical and disappointing. Hard to assess this deal, not enough detail.

Does not own stock of company, as unsure what cryptocurrency future is. If crypto prices remain strong, will be good for company. Hard to value company.

High risk/high reward situation. If the drill bit does come through in the Lytham prospect in the North Sea, you could be over the old time highs.

(A Top Pick Nov 11/16. Down 39%.) Had a great initial discovery, but subsequent drilling results have not kept pace with initial drilling results. He likes the property and the people but sold his stock.

(A Top Pick Nov 11/16. Down 39%.) Had a great initial discovery, but subsequent drilling results have not kept pace with initial drilling results. He likes the property and the people but sold his stock.

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.

Too much political risk. Too much financing risk. Nice deposit.

Iron ore developers and companies have all done very badly. Doesn’t see a lot of upside in the short term for iron ore because there are still quite a few projects coming on and the Chinese steel demand is looking pretty stagnant.

Hold until sale to Equinox, or buy more? He holds both to benefit from long-term effects of inflation. He thinks the takeout is great. EQX is well run, a buy, with a $12 price target.

The ``prospect generator`` business model to him is the only part of the exploration sector that makes any mathematical sense. He is a very large shareholder of this company, and has an extremely high regard for management.

US infrastructure demand is lifting shares. Well-run and returns are higher than the market. Trades at a good PE. Buy on dips or even now and hold long term.

The guys behind this have had great success in Mexico. They've had not bad results to date. Anything in the silver area is probably going to do well.

They make envelopes and have 90% of the market in Canada. It is very profitable with massive pricing power. Although there is a slow decline in envelope use in Canada they have a pretty good share of the market in the U.S. which is growing. It is also diversifying by buying small niche packaging companies.…

(A Top Pick Oct 23/19, Up 10%) A bit of a lagger but he continues to like and hold it. They had some Covid issues but everything is coming together, especially with their leverage. They stayed alive during the worse by mining low grade. They have started mining high quality gold.

(A Top Pick Feb 02/23, Down 8.2%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with BB has triggered its stop at $5.75. To remain disciplined, we recommend covering the position at this time. 

They do oil/gas fluids. Profitable company and revenues are growing by leaps and bounds. They have a lot of debt and have taken on quite a bit of debt and have virtually no cash in the bank. Just did a $10 million raise and sold 6.6 million shares, which they needed to pay down some…

Uses their GPS system to figure out where trains are, and to more accurately schedule trains and service vehicles for people working on the rails. Reported on Aug 14 and earnings were down 10%. That was against a 32% increase in sales. In the coming quarter, earnings are expected to be down 75% year-over-year. Great…

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Smaller, cyclical company. Rolling out new products. Share buyback potential. Fortunes tied to semiconductor industry.

(A Top Pick May 20/15. Down 93.21%.) The company had some technology that allowed for compliance and payment processing technology. They started in the Bitcoin area, which didn’t work out very well. They then moved on to high risk areas, which would be considered gaming. Recently announced a strategic review of the company, so are…

BBI-X is the old ticker. The merger involves a 10 for 1 split. PIPE-X shows a couple of weeks of trading and that is what to go by. They are coming on with new production facilities soon. By the end of the year, they will go to 10 times that. He thinks it is cheap…

Their debt has always been an issue. Trading at in-line levels for their multiple. Does not check his boxes in his fund.

It has had a recent drop with the acquisition. The basing pattern interests him especially if the dividend holds, but he prefers Pembina Pipelines and others in this space,.

They're in northeast BC where Tourmaline is consolidating land and assets, near LXE. So, LXE will become topical. LXE has reached an inflection point after acquiring a lot of land and pushed the Montney play to the northeast. Now, they need a lot of capital to move to full development. They're talking to potential buyers,…

A small cap. Can't buy it because there's not enough volume for him to analyse. It's breaking down after holding up during market problems. If it holds above $3, that's great, but it may decline below $2.80. It's starting to come down. Be careful here. Next support level is $2.60 which is your exit point.

(A Top Pick Aug 13/18, Down 61%) They disenfranchised the Canadian shareholders. He sold out sooner before the de listing, so did not do as badly, nor did his subscribers. He disagrees with their move.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research We think it is buyable for income and some growth. Results missed estimates, but it still confirmed EBITDA guidance. Based on consensus estimates. EPS is still expected to rise quite nicely in 2024. It needs to execute on this growth, but lower/peak interest rates should…

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Debt becoming a concern. Delivery and take-out only sources of sales. Special dividend paid this quarter. Dividend reinstated at a lower rate.

Covid hammered them, while a British company tried to buy them but aborted that deal (now in a lawsuit). It's not cheap seeing a movie, but he goes now and then. Movies are coming back, though. You can't duplicate the experience at home. Still a lot of uncertainty with this stock, though.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. No longer backed by Aurora. Multiple attempts to redesign stores. Multiple products sold at steep discounts. Deteriorating margins.

A disappointment. Pandemic has been the nail in the coffin for movie theatres and DBO's motion systems. Simulation and industrial segments have been profitable. Treading water right now. Long road ahead. Wait and see before stepping in.

It's never done anything and has disappointed shareholders. He owned shares 10 years and sold it because he got fed up with its lack of progress.

Nicknames it Hit By A Car like its chart. HBC is all about its real estate holdings; that's the reason you own this. Doesn't know if the current rally signals a buy. Can't predict this chart. Even consider selling it.

(A Top Pick Mar 09/23, Down 21%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GFS has triggered its stop at $3.  To remain disciplined, we recommend covering the position at this time. 

Interesting things happening. New CEO with marketing sophistication trying to transform a business that's struggled since the IPO. Pretty good entry point. Strong brand. If you have the appetite for a small company, more speculative, good name to own.

This has great assets globally. The biggest sourcing platform for organic foods. It is really hard to get an organic designation. It takes 3 years for a farm to convert. They spent a lot of time putting together assets and it hasn’t been managed well. The company did a strategic review, brought in an investor…

(A Top Pick Nov 22/18, Up 12%)Convertible 8% 2022 bonds He owned the Yellow senior bonds, but then moved into these convertibles. Most of their revenues are in digital, but that has struggled. New management has cut costs a lot until free cash flow now stands around $100 million this year. Their EBITDA margins are…

Not interested at current pricing. Waiting for interest rates to rise. Not a good time to buy.

Why such a large correction? Preferred shares are a big part of this fund, and they took a hit because of higher interest rates.

HPB Energy Bull+ ETF. Immediate leverage to oil price moves. If you have a very good near-term bet that you want to make on oil this would be the way to go but if you are looking for an investment in the oil patch that has a long-term investment implications, then you should go to…

He would rather have direct access to floating rates. In Canada there are very few original floating rate preferreds left. One of the highest quality is the Brookfield BAM Preferred B or Preferred K and generally they are in the market and trading 17, 18, so they are at a big discount to their par…

Inverse and directional ETFs are okay for short term exposure is okay. No issues for holding a matter of weeks. Usually, it turns into a long term hold and then it becomes a problem. Not for long term trading. If you have a short term view that natural gas will go up, it is a…

Preferred share market is risky - not a good place for average investor.Not much upside with lots of downside risk.Income oriented investors have better options.Canadian Dividend Index a better product. 

Banks. What is next: Likes XEB-T, the equal weight ETF for the banks. You are seeing lower lows and lower highs. He wonders why we would go down and test the lows of last February. It would be bank earnings, which we won’t see for 3 to 4 weeks. Expects numbers to be down a…

Best way to get exposure to Canadian energy.Provides dividends.Excellent returns. 

(A Top Pick Jul 25/23, Down 5.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with ZPR has triggered its stop at $8.40.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 9%, when combined with our previous recommendations.  

He's looking at the space, which is attractive. Off the highs. Business is materially tougher, but we need it. Regulatory issues and scrutiny on EXE. Labour situation also difficult. Likes the price, but wants to see more on the business fundamentals.

There is so much concern on quality of earnings and when the companies will be profitable. He wants to see the industry mature. He likes it long term. The health side of this could be revolutionary over the next couple of decades.

(A Top Pick Apr 24/18, Up 21%) Organic growth is 9-11% annually for the least few years, excluding acquisitions. Impressive. They just had a great quarter. They're doing the right things and setting themselves up to be the premiere benefits company.