![\"Celestica](\"https:\/\/data.wealthica.com\/api\/securities\/CLS-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\tOpinion about CLS-T: Large portion of an investor's portfolio. Take profits? Not trading cheap. A triple in the last year. He's a value investor. He can't explain or understand the multiple. It's for momentum-type traders. He wouldn't be involved here.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t
![\"stockchase.com\"](\"https:\/\/stockchase.com\/assets\/favicon.png\")
\t\tstockchase.com\t<\/div>\n<\/div>Oct 26<\/p>\n\n\n![\"Coveo](\"https:\/\/data.wealthica.com\/api\/securities\/CVO-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\tOpinion about CVO-T: Good job overall, well run. Exposed to some of the AI trends. Sizable competition for what they do. He's conservative on whether it can differentiate itself in the coming years. Must show it can get the big, multi-year contracts.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t
\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"Lumine](\"https:\/\/data.wealthica.com\/api\/securities\/LMN-X\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\tOpinion about LMN-X: Falls into the same software as CSU and TOI. Pendulum swings between hardware and software, and obviously right now it's over at hardware. Software will take a while to get back, and upcoming earnings from a couple of companies could lift all boats.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t
\t\tstockchase.com\t<\/div>\n<\/div>Oct 30<\/p>\n\n\n\n🏛 Financial<\/strong><\/p>\n\n\n Opinion about PSK-T: Strong performer over past several years, so trades at fairly high multiple (for example, twice that of FRU earlier this year). Extraordinarily good exposure to the Clearwater, good job with its business model. He struggles with what a fair multiple is. About 10% upside from here, and that doesn't do it for…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about MRG.UN-T: Apartments on both sides of the border. Always trades at wide discount to NAV, a good starting point when you invest. Nice portfolio. Keep holding if you own, but better ideas out there. Nice distribution of 5.5%.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about PMZ.UN-T: His pick in the space. Challenging sector due to trade plus interest rates. Attractive valuation. Monetizing its real estate portfolio. Gets to put old Hudson's Bay square footage on the market.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about AP.UN-T: Investor paid $10, and while it may not get back to $30, it's surely worth more than $10? Challenging story, balance sheet pressure. Question is were moves taken enough to right the ship? Answer is out of management's hands. Needs to sell assets to get leverage back to manageable levels (and investment-grade…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about MRT.UN-T: Trevor Rose\u2019s Insights - Trevor\u2019s most-liked answers from 5i Research. Trading at high discount to NAV. Significant cash retention compared to peers. Diversified cash flow streams. Bid competition to slow acquisition growth.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about LFE-T: This is a seasonal period when Lifecos in general tend to do well. This is a special vehicle where they buy a lifeco, split it up and give the capital appreciation to one half, and the dividend to the other half. Dividend yield of 19% is extremely high, and he is having…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about FFH-T: A more stable franchise than in the past. Well managed, business as usual. No reason to sell, but not the most obvious buying opportunity either. New $$ should go to blue chips sitting at bigger discounts today.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about X-T: It owns the Montreal exchange, other trading platforms and the software that supports them. It has a unique position in the financial industry. He considers it not a trading platform but a toll road. It made a recent acquisition of CBOE Canada and Australia. CBOE Canada is the only alternative trading platform…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about FIH.U-T: One of his highest-conviction investment ideas. Trades at a discount to NAV. A stock to buy for the next decade. India is the largest democracy on the planet, very young demographic, fast-growing economy. Lots of pro-growth and pro-business reforms happening.\u00a0Portfolio of $3.5B worth of different investments, both public and private. Crown jewel…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about TSU-T: Specialty insurance, with a good presence in Canada (about 30% market share). Growing aggressively in US. He sees tremendous growth for surety and property insurance in the US. A high-ROE business. Growing its book value per share at a very high rate, and he expects this to continue.\u00a0Sitting on a big cash…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about ACD-T: (A Top Pick July 26\/13. Up 18.07%.) A niche lender to small businesses. Very, very well run. They raise their dividend almost every year. Insiders own piles of stock. Very conservative. They are finding new ways to grow the bottom line. Have lots of capital, which is all deployed. Expects earnings will…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about SII-T: (A Top Pick Jul 02\/25, Up 117%) (Note the shortish timeframe.) AUM have increased to over $70B USD. Diversity plus a dividend. If bull market in precious metals and raw materials continues (as he believes), global financial super-markets will buy Sprott rather than building their own natural resource silos. Suspects that in…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t 🚚 Industrials<\/strong><\/p>\n\n\n Opinion about PD-T: Heck of a rally, perhaps based on sanctioning of LNG Canada for next year. Achieved debt target, so pivoting to 50% return of capital to shareholders. Trades at about 20% FCF yield next year, buying back 10% of stock -- pretty compelling.Services stocks actually do well when trading at very high multiples…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about TCW-T: It provides energy services in Alberta as well as some in the U.S. He doesn't own energy services or exploration companies. Sticks to pipelines.This type of company does well when the sector does well.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about WRG-T: The company is very cheap in terms of price to book. Their book value was $4 at the end of June. However, they have a debt problem: $211 million of debt compared to an equity value of $369 million. He sees this as a takeover candidate especially now because he is seeing…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about TMG-X: Trevor Rose\u2019s Insights - Trevor\u2019s most-liked answers from 5i Research TMG is a small-cap name that develops pollution control products and heat recovery systems. TMG\u2019s revenue growth was solid over the last two years, above 20% on average two years in a row. As a result, TMG just became profitable due to…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about GFL-T: It picks up garbage, municipal and business. Has a good long term business model with good cash flow. Its core business is doing well and it recently bought Secure which fits well, is accretive, and generates lots of cash. They own 70% of the market and have great management. There is lots…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about WFG-T: This one plays again into the market-cycle model. The 10-year chart is helpful -- we're in the \"boring middle\" of the market-cycle model. That's actually where the economy starts to strengthen. He believes rates will essentially be sideways, which should remove a headwind for homebuilders. Should make it more likely that we…<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about MX-T: Doing very well, for instance, in RSI. Fertilizers and chemicals are rallying during the US-Iran war and will continue to do so, even if the Strait of Hormuz suddenly opens. (Analysts\u2019 price target is $89.31)<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about ADN-T: Unique company in Canada that gives investors a way to own an uncorrelated infrastructure-type asset. No sawmills, just a pure play on timber land. Many institutions and pension funds would have a small part of their portfolio in it. Pays a dividend.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about FAR-T: The drillers haven't participated as much during this mining boom. FAR is diversifying out of high-risk areas and junior miners. Shares have been cheap a long time. Is a take-out candidate.\u00a0<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about TFII-T: (A Top Pick Sep 16\/25, Up 42%) (Note the short timeframe.)\u00a0 Organic improvements plus coming out of freight recession. He just sold his position to deploy proceeds elsewhere. (Industry's still improving, so perhaps he sold too early.)<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about AC-T: Doesn't like airline stocks because of very high costs and unpredictable competition. No economic moat. Airlines are a lottery.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about PBH-T: Trying to fill its excess capacity after years of investing in the US. Seems to stumble over and over in filling capacity. A bit exposed to economic cycle. Need to see better execution.Accounting practices are a bit aggressive, he's not a fan.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about ARE-T: Reported last night, fantastic numbers. Doubled backlog to over $10B. Successfully brought down number of riskier fixed-price contracts. Variable-price contracts has led to more sustainable cashflow, earnings, and revenue.\u00a0Multiple's really come up, but its predictable cashflow warrants it. He's adding. Yield is 1.61%. (Analysts\u2019 price target is $47.68)<\/p>\n\t\t<\/span>\n\t<\/div>\n\t Opinion about HPS.A-T: Chart looks excellent, momentum is up and to the right. New highs today. Lots of volatility, especially around quarterly earnings. Recent earnings beat on EPS and revenue. Backlog grew 122% YOY.<\/p>\n\t\t<\/span>\n\t<\/div>\n\t![\"PrairieSky](\"https:\/\/data.wealthica.com\/api\/securities\/PSK-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 26<\/p>\n\n\n![\"Morguard](\"https:\/\/data.wealthica.com\/api\/securities\/MRG.UN-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 27<\/p>\n\n\n![\"Primaris](\"https:\/\/data.wealthica.com\/api\/securities\/PMZ.UN-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 28<\/p>\n\n\n![\"Allied](\"https:\/\/data.wealthica.com\/api\/securities\/AP.UN-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 28<\/p>\n\n\n![\"Morguard](\"https:\/\/data.wealthica.com\/api\/securities\/MRT.UN-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 28<\/p>\n\n\n![\"Canadian](\"https:\/\/data.wealthica.com\/api\/securities\/LFE-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 28<\/p>\n\n\n![\"Fairfax](\"https:\/\/data.wealthica.com\/api\/securities\/FFH-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"TMX](\"https:\/\/data.wealthica.com\/api\/securities\/X-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"Fairfax](\"https:\/\/data.wealthica.com\/api\/securities\/FIH.U-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"Trisura](\"https:\/\/data.wealthica.com\/api\/securities\/TSU-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"Accord](\"https:\/\/data.wealthica.com\/api\/securities\/ACD-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"Sprott](\"https:\/\/data.wealthica.com\/api\/securities\/SII-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 30<\/p>\n\n\n\n![\"Precision](\"https:\/\/data.wealthica.com\/api\/securities\/PD-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 27<\/p>\n\n\n![\"Trican](\"https:\/\/data.wealthica.com\/api\/securities\/TCW-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 27<\/p>\n\n\n![\"Western](\"https:\/\/data.wealthica.com\/api\/securities\/WRG-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 27<\/p>\n\n\n![\"Thermal](\"https:\/\/data.wealthica.com\/api\/securities\/TMG-X\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 27<\/p>\n\n\n![\"GFL](\"https:\/\/data.wealthica.com\/api\/securities\/GFL-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 28<\/p>\n\n\n![\"West](\"https:\/\/data.wealthica.com\/api\/securities\/WFG-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 28<\/p>\n\n\n![\"Methanex](\"https:\/\/data.wealthica.com\/api\/securities\/MX-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 28<\/p>\n\n\n![\"Acadian](\"https:\/\/data.wealthica.com\/api\/securities\/ADN-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 28<\/p>\n\n\n![\"Foraco](\"https:\/\/data.wealthica.com\/api\/securities\/FAR-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 28<\/p>\n\n\n![\"TFI](\"https:\/\/data.wealthica.com\/api\/securities\/TFII-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"Air](\"https:\/\/data.wealthica.com\/api\/securities\/AC-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"Premium](\"https:\/\/data.wealthica.com\/api\/securities\/PBH-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"Aecon](\"https:\/\/data.wealthica.com\/api\/securities\/ARE-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"Hammond](\"https:\/\/data.wealthica.com\/api\/securities\/HPS.A-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
\t\t\t\t<\/span>\n\t\t<\/div>\n\t\n\t\t\tstockchase.com\t<\/div>\n<\/div>Oct 29<\/p>\n\n\n![\"Canadian](\"https:\/\/data.wealthica.com\/api\/securities\/CNR-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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![\"Magna](\"https:\/\/data.wealthica.com\/api\/securities\/MG-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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