This week’s new 52-week highs… (Jan 2-8)
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….
iShares DEX Short Term Bond (XSB-T) TSE
(A Top Pick Jan 22/20, Down 1%) Not the best returns, but better than pure aggregate bond exposure with its 7-8 year durations.
iShares Cdn Univer. Maple ETF (XSH-T) TSE
In a rising rate environment, you might want to stick to a shorter term. XSH is a short-term, corporate, investment-grade ETF. Had drawdowns, but not as bad as a typical aggregate bond or high-yield ETF.
Clearstream Energy Services (CSM-T) TSE
(A Top Pick Nov 6/14. Down 75%.) One of their key assets is an oil/gas services business, so it has come under a lot of pressure. This is a high risk/high reward situation. Still very much a binary outcome. It is either going to come under a lot of pressure with bankruptcy risks, or the…
(A Top Pick March 2/17, Up 9%) Sold it, but then the stock got too cheap, so he bought it back. He was unhappy with their inability to solve metallurgical problems in Eritrea. The stock sold off because their Serbian deposit won't produce cash for a while. There were alleged human rights abuses in Eritrea.
Dundee Precious Metals Inc. (DPM-T) TSE
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 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%.
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.
Wesdome Gold Mines Ltd. (WDO-T) TSE
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…
Melkior Resources Inc. (MKR-X) TSXV
Quebec area. They have new management. New geophysics has been done. They realize there is a lot more going on in this area. He prefers other operating in the same area. He thinks there is nothing going on on the property MKR-X operates in.
Junior producer. One of the better growth stories. Held up by political risk as to where the mines are located. Market doesn't seem to want to take the extra risk of exotic parts of the world. It could make a ton of money a year from now. For those who look through the risks.
Agellan Commercial REIT (ACR.UN-T) TSE
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.
Summit Real Estate Investment (SMU.UN-T) TSE
Takeout offer of $23.50. Merger arbitrage, with stock trading at just below the takeout price. You have to decide if you want to take your money off the table right now, or hold out for another $1 a share. Likelihood of deal going through is quite high, already had a big boost in the share…
North West Company (NWC-T) TSE
Allan Tong’s Discover Picks Average daily volumes are only 90,000 shares, but NWC pays a hefty dividend yield of 4.22% (huge among the grocers) and safe based on a 21.88% payout ratio. NWC also offers a super-low beta of 0.62. It is safe and defensive. Performance is also consistent. The company has beaten or met…
Alimentation Couche-Tard (B) (ATD.B-T) TSE
(A Top Pick Feb 01/22, Up 12%) Well-run and positioned to offer e-charging stations given all their stations and locations. Well-financed. Still has a little more upside.
Cortex Business Solutions (CBX-X) TSXV
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.
Medical Facilities Corp. (DR-T) TSE
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.
Use this list wisely to identify buying opportunities.
Happy trading !!!