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This week’s new 52-week lows… (Jan 2-8)

Melisa R. H.Melisa R. H. Posted On January 9, 2019
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52-Weeks Highs and Lows

Canadian Markets have been trading up since the beginning of the year on optimism for a trade deal between the U.S. and China. Still, a few new names are showing up on our 52-week low list.

Here’s this week’s 52-week low stocks ….

💻 Technology

Celestica Inc (CLS-T) TSE

Celestica Inc (CLS-T) — Stockchase
Celestica Inc (CLS-T) — Stockchase

A contract manufacturer for electronics, communications, and storage. The move to the cloud has benefited them. The stock has struggled for a while but it is too cheap to ignore right now. Top 10% on valuation. 0.6x book value, 4.3x enterprise to EBITA, and 4x cashflow. A cashflow machine with no concerns on the balance…

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Maxar Technologies (MAXR-T) TSE

Maxar Technologies (MAXR-T) — Stockchase
Maxar Technologies (MAXR-T) — Stockchase

This was $80 a few years ago, then an acquisition of Digital Globe (made a lot of sense) made investors worry about the balance sheet, but that's improving as they pay down debt. The DG deal married DG's orbital satellites with Maxar's existing software to analyze that data from outer space, which is important to…

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UrtheCast Corp (UR-T) TSE

UrtheCast Corp (UR-T) — Stockchase
UrtheCast Corp (UR-T) — Stockchase

Cameras on satellites. Feels they’ve made a lot of progress in the right direction. Management is working hard and there is now more clarity. We may see some positive free cash flow one day. At this point, it is starting to become interesting, although clearly there are still a lot of unclear questions.

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🏛 Financials

Genesis Land Development Corp. (GDC-T) TSE

Genesis Land Development Corp. (GDC-T) — Stockchase
Genesis Land Development Corp. (GDC-T) — Stockchase

Prefers Melcor Developments (MRD-T). When there have been housing difficulty like there has been, it’s extremely difficult for stocks like these.

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Terra Firma Capital (TII-X) TSXV

Terra Firma Capital (TII-X) — Stockchase
Terra Firma Capital (TII-X) — Stockchase

They had a project where they had lent out some money to the big Urban Corp. real estate company, which defaulted on their loans. Fortunately, the loan was secured by some real estate. Terra Firma just announced getting full repayment of the principal plus interest for that property. Now it will be a function to…

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Boardwalk REIT (BEI.UN-T) TSE

Boardwalk REIT (BEI.UN-T) — Stockchase
Boardwalk REIT (BEI.UN-T) — Stockchase

Best of the apartment REITs. Trades at a big discount to NAV. Rent collection rate is 99%. They're defensive. Holdings in Alberta benefit from a high-growth rate in the general economy as oil comes back. (Analysts’ price target is $40.02)

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💹 ETF

iShares S&P/TSX Gb Base Metals (XBM-T) TSE

iShares S&P/TSX Gb Base Metals (XBM-T) — Stockchase
iShares S&P/TSX Gb Base Metals (XBM-T) — Stockchase

Now is the time to start edging into this sector. Expect volatility though. To reduce that and add income, then look at BASE, a new ETF from Evolve. Nobody knows the bottom in mining.

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HBP NYMEX Nat’l Gas Bull+ (HNU-T) TSE

HBP NYMEX Nat'l Gas Bull+ (HNU-T) — Stockchase
HBP NYMEX Nat'l Gas Bull+ (HNU-T) — Stockchase

It is a leveraged natural gas ETF. It could be a good trade if you are well-versed in it, but you should not hold it long term at all. It is a tool for short term speculation.

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iShares S&P/TSX Gb Base Metals (XBM-T) TSE

iShares S&P/TSX Gb Base Metals (XBM-T) — Stockchase
iShares S&P/TSX Gb Base Metals (XBM-T) — Stockchase

Now is the time to start edging into this sector. Expect volatility though. To reduce that and add income, then look at BASE, a new ETF from Evolve. Nobody knows the bottom in mining.

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First Trust Senior Loan ETF (FSL-T) TSE

First Trust Senior Loan ETF (FSL-T) — Stockchase
First Trust Senior Loan ETF (FSL-T) — Stockchase

First Trust has a good operation. Has looked at the Senior Loan ETF, more in the US, and has tended to stay away from them. There is not enough pick up in yields in past corporates. Worries about the underlying illiquidity of the asset class.

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iShares Short Term Strategic Fixed Income ETF (XSI-T) TSE

iShares Short Term Strategic Fixed Income ETF (XSI-T) — Stockchase
iShares Short Term Strategic Fixed Income ETF (XSI-T) — Stockchase

He doesn’t know this, but assumes it is an actively managed bond fund. If so, the question you are going to have is the duration of the bond fund at any given time. You can usually get that information from the people who market this ETF. If you have a duration of 10, then you…

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BMO US Put Write Hedged to CAD (ZPH-T) TSE

BMO US Put Write Hedged to CAD (ZPH-T) — Stockchase
BMO US Put Write Hedged to CAD (ZPH-T) — Stockchase

He has not been happy with it for a year. They created ZPAY-T which he moved to. It is a similar ETF.

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🛢Basic Materials

Commerce Resources Corp. (CCE-X) TSXV

Commerce Resources Corp. (CCE-X) — Stockchase
Commerce Resources Corp. (CCE-X) — Stockchase

This company has been around for 20 years on the Venture exchange. It has no revenues and has a couple of properties, one in Quebec and the other in BC. I questions how many investors have made money on this. He has no interest in this one.

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Empire Industries Ltd. (EIL-X) TSXV

Empire Industries Ltd. (EIL-X) — Stockchase
Empire Industries Ltd. (EIL-X) — Stockchase

He covers the stock and owns it. The business is doing well. They are a leader in their space. There was a big investor out of China that fell on hard times and has had to sell shares. It may be poised for a turnaround.

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Taranis Resources Inc. (TRO-X) TSXV

Taranis Resources Inc. (TRO-X) — Stockchase
Taranis Resources Inc. (TRO-X) — Stockchase

A lot of people are down on this name including Rio Tinto who is the driver of this story with 50%. The Mongolian government is threatening higher royalties and taxes. These are some of the risks of foreign jurisdictions. But he thinks all of the bad news is in the name. Don’t sell. Wait for…

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First Quantum Minerals (FM-T) TSE

First Quantum Minerals (FM-T) — Stockchase
First Quantum Minerals (FM-T) — Stockchase

Outlook for copper is wonderful, as it's the metal of electronics. Zambian government is demanding more in taxes. Bought Panama mine at a high price. Political considerations are holding it back.

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Goldex Resources Corp. (GDX-X) TSXV

Goldex Resources Corp. (GDX-X) — Stockchase
Goldex Resources Corp. (GDX-X) — Stockchase

It's range-trader. During flight-to-safety periods (as he expects in the next few years when market become unglued), gold will shine again with a good rally. He's added to his position. GDX is US-listed gold miners. Gold stocks vs. gold price are 35-year lows, and gold stock vs. the S&P 500 are as cheap pre-Recesssion (2005-6).…

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Itafos (IFOS-X) TSXV

Itafos (IFOS-X) — Stockchase
Itafos (IFOS-X) — Stockchase

(A Top Pick May 15/18, Down 73%) A miner and processor of phosphate -- a precursor to potash. They took over a bankrupt project in Brazil, which they liked from a speculative perspective. They have had technical difficulty with the project and it did not work. If you are patient, it should eventually pay off,…

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Goldex Resources Corp. (GDX-X) TSXV

Goldex Resources Corp. (GDX-X) — Stockchase
Goldex Resources Corp. (GDX-X) — Stockchase

It's range-trader. During flight-to-safety periods (as he expects in the next few years when market become unglued), gold will shine again with a good rally. He's added to his position. GDX is US-listed gold miners. Gold stocks vs. gold price are 35-year lows, and gold stock vs. the S&P 500 are as cheap pre-Recesssion (2005-6).…

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Medgold Resources Corp. (MED-X) TSXV

Medgold Resources Corp. (MED-X) — Stockchase
Medgold Resources Corp. (MED-X) — Stockchase

He is a geological advisor to them. Consulted on a project in Italy, but it was not what he thought it would be.

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Golden Queen Mining Co. Ltd. (GQM-T) TSE

Golden Queen Mining Co. Ltd. (GQM-T) — Stockchase
Golden Queen Mining Co. Ltd. (GQM-T) — Stockchase

Has an old mine outside of Los Angeles that was run in the 1930s. Closed down during the Second World War and they are doing open pit mining in the area. Has some issues, but at these gold prices, it will probably start to work again. Under followed. Highly speculative.

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🛍 Consumer

Diamond Estates Wines and Spirits Inc. (DWS-X) TSXV

Diamond Estates Wines and Spirits Inc. (DWS-X) — Stockchase
Diamond Estates Wines and Spirits Inc. (DWS-X) — Stockchase

Lassonde buying 19% of the company was recent good news. However, the market cap is only $26 million (too small for him), there remains some debt, and the growth rate hasn't been spectacular. There isn't much trading here, which doesn't help. As a rule, he doesn't invest in companies this small. This will likely bounce…

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Linamar Corp (LNR-T) TSE

Linamar Corp (LNR-T) — Stockchase
Linamar Corp (LNR-T) — Stockchase

Auto parts stocks can be value traps. They often have high ROE, low debt. Problem is they're cyclical, depending on how auto sales are doing. Feast or famine. He prefers companies that can increase earnings through thick and thin. Be very careful. Not long-term holdings, they're rentals.

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🚚 Industrials

Brookfield Business Partners LP (BBU.UN-T) TSE

Brookfield Business Partners LP (BBU.UN-T) — Stockchase
Brookfield Business Partners LP (BBU.UN-T) — Stockchase

(A Top Pick May 10/19, Down 12%) They're effectively a private equity firm. It's doing well considering markets now. They look to generate a 15% return on their portfolio of energy, infrastructure and power. This market is lining up perfectly for someone with cash. There'll be opportunities for debt rescue or capitalizing companies or buying…

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👨‍⚕️ Healthcare

Prometic Life Sciences Inc. (PLI-T) TSE

Prometic Life Sciences Inc. (PLI-T) — Stockchase
Prometic Life Sciences Inc. (PLI-T) — Stockchase

They hit a financing crisis and needed cash. So, they issued 20 billion share at 1.5 cents per share. A massive dilution that destroyed the shareholder base. Avoid.

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Use this list wisely to identify buying opportunities.
Happy trading !!!

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