Opinions by Benj Gallander | StockChase
2172
Benj Gallander

President

ON STOCKCHASE SINCE Apr 2002

Contra the Heard Investment Letter

2172
Benj Gallander

President

ON STOCKCHASE SINCE Apr 2002

Contra the Heard Investment Letter


Opinions by Benj Gallander


Signal Opinion Expert Chart
N/A
General Market Comment 

January 16, 2018

Market. We are at a point where some money might be taken off the table by people who want to put it aside. When he did a look-see at the stocks in New York, NASDAQ, AMEX and Toronto, there were far less things to add to his Stock Watch list. That list is at the lowest level in over 20 years. His "end of the year" buying was less than it has been in a decade. In terms of what he does, there is far less choice at this point in time. He is looking at stocks that are down at least 33% over the past 52 weeks, and then looking at the past 10 years. It is very, very difficult right now to find things worthy of being bought.

Market. We are at a point where some money might be taken off the table by people who want to put it aside. When he did a look-see at the stocks in New York, NASDAQ, AMEX and Toronto, there were far less things to add to his Stock Watch list. That list is at the lowest level in over 20 years. His "end of the year" buying was less than it has been in a decade. In terms of what he does, there is far less choice at this point in time. He is looking at stocks that are down at least 33% over the past 52 weeks, and then looking at the past 10 years. It is very, very difficult right now to find things worthy of being bought.

Unknown
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
TOP PICK
Aegon N.V.(AEG-N) 

January 16, 2018

A big company in wealth management and insurance, based in Holland. It seems to be undergoing a turnaround and is gaining some momentum. They are in many countries and has a big operation in the US. Dividend yield of 4.3%. (Analysts' price target is $6.45.)

Financial Services

A big company in wealth management and insurance, based in Holland. It seems to be undergoing a turnaround and is gaining some momentum. They are in many countries and has a big operation in the US. Dividend yield of 4.3%. (Analysts' price target is $6.45.)

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$6.810
Owned Owned
Yes

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PAST TOP PICK
AgJunction Inc(AJX-T) 

January 16, 2018

(A Top Pick Feb 7/17. Down 5%.) This does GPS's in agricultural. Has lost money most years. He made quite a bit of change before, buying it at $.50 and selling it for around $1.30. Last quarter revenues went up 35%. The balance sheet has no debt, and they have $16 million in the bank.

Telecommunications

(A Top Pick Feb 7/17. Down 5%.) This does GPS's in agricultural. Has lost money most years. He made quite a bit of change before, buying it at $.50 and selling it for around $1.30. Last quarter revenues went up 35%. The balance sheet has no debt, and they have $16 million in the bank.

Telecommunications
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.520
Owned Owned
Yes

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COMMENT
Alpha Pro Tech(APT-A) 

January 16, 2018

This is funny in terms of a long-term outlook. They have a buildings supplies business, and the hospital protection business. Whenever there is a pandemic in the works, this company takes off. It has been moving around $4 per share, and thinks it could go a fair bit higher. He would like to get $6+ on it. When it moves, it could move very quickly.

INDUSTRIAL PRODUCTS

This is funny in terms of a long-term outlook. They have a buildings supplies business, and the hospital protection business. Whenever there is a pandemic in the works, this company takes off. It has been moving around $4 per share, and thinks it could go a fair bit higher. He would like to get $6+ on it. When it moves, it could move very quickly.

INDUSTRIAL PRODUCTS
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$3.800
Owned Owned
Yes

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HOLD
Bank of America(BAC-N) 

January 16, 2018

Wouldn't be a buyer at this level. He paid $6+, and it has done very, very well. There is still upside, partially because US interest rates are going up and partially because corporations will do better in the short run with better regulations. His initial sell target is $38+. He is happy to hold this.

banks

Wouldn't be a buyer at this level. He paid $6+, and it has done very, very well. There is still upside, partially because US interest rates are going up and partially because corporations will do better in the short run with better regulations. His initial sell target is $38+. He is happy to hold this.

banks
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$31.240
Owned Owned
Yes

Must be logged in to use chart
COMMENT
BlackBerry(BB-T) 

January 16, 2018

He likes what John Chen has been doing. Recent results were quite good and exceeded analysts' targets. He likes the company. It has a lot of analysts following it, which means that when it continues to turn, they are going to upgrade recommendations. This could easily go up another 50%.

electrical/electronic

He likes what John Chen has been doing. Recent results were quite good and exceeded analysts' targets. He likes the company. It has a lot of analysts following it, which means that when it continues to turn, they are going to upgrade recommendations. This could easily go up another 50%.

electrical/electronic
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$17.180
Owned Owned
Yes

Must be logged in to use chart
COMMENT
B2Gold Corp.(BTO-T) 

January 16, 2018

As a general rule, gold moves with the US$, and the US$ has been getting hurt, but could change later this week once the US gets their budget in order. The principals involved have a pretty good track record, so this could be a good way to go.

Golds

As a general rule, gold moves with the US$, and the US$ has been getting hurt, but could change later this week once the US gets their budget in order. The principals involved have a pretty good track record, so this could be a good way to go.

Golds
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$3.940
Owned Owned
No

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COMMENT
Denison Mines Corp(DML-T) 

January 16, 2018

His play in uranium is GBP (?), which has done very well. They do training for nuclear reactors as well as other areas, and it still has a lot of upside. The view on uranium is so mixed.

non-base metal mining

His play in uranium is GBP (?), which has done very well. They do training for nuclear reactors as well as other areas, and it still has a lot of upside. The view on uranium is so mixed.

non-base metal mining
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.650
Owned Owned
No

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COMMENT
Extendicare Inc(EXE-T) 

January 16, 2018

This has been dropping, but doesn't know who has been selling. This pays $.04 a month in dividends. The payout ratio is pretty reasonable compared to what it used to be. He’s happy to hold it. It’s a bit like clipping coupons. This is a huge demographic play. The population is getting older, and there is going to be more demand for their services.

other services

This has been dropping, but doesn't know who has been selling. This pays $.04 a month in dividends. The payout ratio is pretty reasonable compared to what it used to be. He’s happy to hold it. It’s a bit like clipping coupons. This is a huge demographic play. The population is getting older, and there is going to be more demand for their services.

other services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$8.890
Owned Owned
Yes

Must be logged in to use chart
COMMENT
Fortune Minerals Ltd.(FT-T) 

January 16, 2018

He met with management 7-8 years ago. The difficulty is that it’s been around since 1988 and revenues have always been a difficulty. They have no production. Expects there to be quite a bit of dilution. He doesn't invest in companies without revenues.

precious metals

He met with management 7-8 years ago. The difficulty is that it’s been around since 1988 and revenues have always been a difficulty. They have no production. Expects there to be quite a bit of dilution. He doesn't invest in companies without revenues.

precious metals
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.320
Owned Owned
No

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PAST TOP PICK

(A Top Pick Feb 7/17. Up 5%.) Hasn't done that well, but does have tremendous potential. Pays a dividend of $.02 a quarter. Prior to the recession, it paid over $.20 a quarter. The stock didn’t dilute during the recession, so there are just over 6 million shares outstanding. There is a good chance of a dividend increase this year. This stock could double.

Financial Services

(A Top Pick Feb 7/17. Up 5%.) Hasn't done that well, but does have tremendous potential. Pays a dividend of $.02 a quarter. Prior to the recession, it paid over $.20 a quarter. The stock didn’t dilute during the recession, so there are just over 6 million shares outstanding. There is a good chance of a dividend increase this year. This stock could double.

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$12.850
Owned Owned
Yes

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TOP PICK
GMP Capital Trust Inc(GMP-T) 

January 16, 2018

In 2 areas, wealth management via Richardson Securities and in commodities in terms of raising capital for mining organizations. A little over a year ago, they bought First Energy which got them into oil and gas, but now have also moved into cyber currencies, and into marijuana, 2 fast growing fields. Last quarter, they lost about $2.8 million, and revenues went down about 21%. Thinks this could be a very good year for them. A lot of their competition has fallen by the wayside and a lot have merged.

investment companies/funds

In 2 areas, wealth management via Richardson Securities and in commodities in terms of raising capital for mining organizations. A little over a year ago, they bought First Energy which got them into oil and gas, but now have also moved into cyber currencies, and into marijuana, 2 fast growing fields. Last quarter, they lost about $2.8 million, and revenues went down about 21%. Thinks this could be a very good year for them. A lot of their competition has fallen by the wayside and a lot have merged.

investment companies/funds
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$3.900
Owned Owned
Yes

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SELL
Hasbro Inc(HAS-Q) 

January 16, 2018

A huge, huge toymaker. It had a phenomenal run, but has pulled back, but it’s not that far off historical highs. Insiders own about 10%, which is quite a bit in a company this size, but they've been selling a lot of shares, which is a negative indicator. Pays a good dividend. Makes money year after year after year, but has a big huge debt load. He would like to see them pay part of that off. The toy industry can be very cyclical. If he owned this, he would be selling it.

A huge, huge toymaker. It had a phenomenal run, but has pulled back, but it’s not that far off historical highs. Insiders own about 10%, which is quite a bit in a company this size, but they've been selling a lot of shares, which is a negative indicator. Pays a good dividend. Makes money year after year after year, but has a big huge debt load. He would like to see them pay part of that off. The toy industry can be very cyclical. If he owned this, he would be selling it.

0
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$91.390
Owned Owned
No

Must be logged in to use chart
COMMENT

Crypto currency and Bitcoin is a brand-new field. You are seeing a huge proliferation of companies. The question is, who is going to survive. He doesn't know this company, but does know the space reasonably well, and you have to choose very, very wisely. There is a bubble going on here. If people choose the wrong companies, they are going to lose a lot of money. Blockchain is here to stay, and that makes sense. Look carefully at the balance sheet, income statement and management.

Crypto currency and Bitcoin is a brand-new field. You are seeing a huge proliferation of companies. The question is, who is going to survive. He doesn't know this company, but does know the space reasonably well, and you have to choose very, very wisely. There is a bubble going on here. If people choose the wrong companies, they are going to lose a lot of money. Blockchain is here to stay, and that makes sense. Look carefully at the balance sheet, income statement and management.

0
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$2.960
Owned Owned
Unknown

Must be logged in to use chart
COMMENT
Nemaska Lithium Inc.(NMX-T) 

January 16, 2018

Lithium, a number of years ago, was very, very popular. Then the lithium market pretty much died. It’s now coming back because of cars. He doesn't know this company, but in this field you have to be wary.

Mining

Lithium, a number of years ago, was very, very popular. Then the lithium market pretty much died. It’s now coming back because of cars. He doesn't know this company, but in this field you have to be wary.

Mining
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$2.040
Owned Owned
No

Must be logged in to use chart
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