Canadian Markets have been trading up since the beginning of the year on optimism for a trade deal between the U.S. and China. Alimentation Couche-Tard still makes the list as it kept going up even when markets were falling.
Here are the stocks hitting their 52-week high….
(A Top Pick March 4/10. Up 1.95%.) Yield to maturity is the most important thing and is currently about 2% and current yield is about 3.6%.
It doesn’t have a huge range of trading. Yield is okay at about 3%. Short-term pays you less than 1% on an after-tax basis, so this is not a bad place to park your money.
A turn around restructuring story. They took on too much debt originally. They have 6 different businesses, 4 of which they are likely to sell. They have an energy services company, and a demolition company, both of which are doing very well. As they sell them off they can pay down debt and restructure the…
They acquired a copper mine in Serbia. He owned it because it was trading at cash for the longest time. Now it is a development play and he does not like copper that much. He got out, but would not short it.
This was formerly a closed-end fund of junior resources but changed its method of operations and now has two gold projects in Bulgaria and hope to produce as much as 500,000 ounces in 3 years. Also have exposure in several other junior stocks. Cheap.
(A Top Pick Mar 23/18, Up 112%) He took some profits and will redeploy money in the sector. This one has done its job for him. It will be a little volatile because it moved so hard so fast. He is bullish on gold, however.
(A Top Pick Jan 24/14. Down 11.04%.) He really likes this story. 80% of silver production comes from a by-product from copper mines and from mines that are really shutting down. Pure silver plays are rare. Located in Argentina which is probably why the price has been hurt a little more, but it hasn’t hurt…
(A Top Pick Jan 10/06. Up 60%.) Has completed financing and will have 2 mines in production by the end of the summer.
Likes the production profile. Their costs should be coming down so they have a good growth profile. An underfollowed story. It's just a matter of volatility with the gold price. Some of these companies are an little bit higher cash cost producers so they are going to have the fluctuations along with the gold price.…
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.…
Loves the industrial space. It is easy to build it so more supply could come on line. Properties are a little low quality, but your income is safe.
North West Company (NWC-T) TSE
This has the double whammy that it is consumer, which is out of favour a little, but this came down too much, and it is also basically a yield play. Over time, it has done relatively well, but there has been some profit taking. It has a near monopoly up north where its stores are.…
A secular growth stock he's long owned. The business model is price sharply on fuel to drive traffic, then lure customers into modern shops to buy wide-margin cigarettes, coffee and candy (3-5x better than selling gas). They do well buying businesses and synergizing them, too. But they are pivoting more to organic growth with digital…
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.
Got hurt. Margin compression. In US, it matters what can you get paid from Medicare. Missed numbers last 2 quarters, got clocked, now trying to get back onside. A “show me” stock. Stay away for at least another 6-12 months.
Use this list wisely to identify buying opportunities.
Happy trading !!!