Opinions by Benj Gallander | StockChase
2151
Benj Gallander

President

ON STOCKCHASE SINCE Apr 2002

Contra the Heard Investment Letter

2151
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 

December 8, 2017

Market. For him, this is the best time of year. A lot of people wait until the end of the year to Sell their losers. It’s the simple law of supply and demand that puts more supply out there, therefore the price generally goes down. He gets to take advantage of that. This year there is going to be less tax loss selling because stocks have done well. He isn’t looking to buy a lot of stocks, perhaps 3 to 7.

Market. For him, this is the best time of year. A lot of people wait until the end of the year to Sell their losers. It’s the simple law of supply and demand that puts more supply out there, therefore the price generally goes down. He gets to take advantage of that. This year there is going to be less tax loss selling because stocks have done well. He isn’t looking to buy a lot of stocks, perhaps 3 to 7.

Unknown
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.020
Owned Owned
_N/A

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COMMENT
Aurora Cannabis(ACB-T) 

December 8, 2017

The stock is incredibly hot, and the whole field is hot. If you can choose the right company, you can do very, very well. The difficulty is choosing the right company. He only buys companies that have been around for at least 10 years. They just completed a takeover of a large greenhouse company. A lot of people are going to be burned in this area.

The stock is incredibly hot, and the whole field is hot. If you can choose the right company, you can do very, very well. The difficulty is choosing the right company. He only buys companies that have been around for at least 10 years. They just completed a takeover of a large greenhouse company. A lot of people are going to be burned in this area.

0
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$7.090
Owned Owned
No

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PAST TOP PICK
Aegon N.V.(AEG-N) 

December 8, 2017

(A Top Pick Dec 22/16. Up 17%.) A huge Dutch company that is in many, many countries. This could go up quite a bit. He can see it getting back over $20.

Financial Services

(A Top Pick Dec 22/16. Up 17%.) A huge Dutch company that is in many, many countries. This could go up quite a bit. He can see it getting back over $20.

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$6.190
Owned Owned
Yes

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TOP PICK
Aegon N.V.(AEG-N) 

December 8, 2017

This is gathering momentum. It pays a dividend, and dividends are nice to have. Dividend yield of 4.9%. (Analysts’ price target is $5.94.)

Financial Services

This is gathering momentum. It pays a dividend, and dividends are nice to have. Dividend yield of 4.9%. (Analysts’ price target is $5.94.)

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$6.190
Owned Owned
Yes

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COMMENT
AgJunction Inc(AJX-T) 

December 8, 2017

Precision agriculture. Still on his Buy list. It hasn’t worked out at all for him. Agriculture seems to be doing better, but this one has been left on the rails.

Telecommunications

Precision agriculture. Still on his Buy list. It hasn’t worked out at all for him. Agriculture seems to be doing better, but this one has been left on the rails.

Telecommunications
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.530
Owned Owned
Yes

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COMMENT
ATS Automation(ATA-T) 

December 8, 2017

Has a Sell target of $21+, but wonders if he has overvalued where it can go. He’s happy to continue holding.

misc industrial products

Has a Sell target of $21+, but wonders if he has overvalued where it can go. He’s happy to continue holding.

misc industrial products
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$15.760
Owned Owned
Yes

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COMMENT
Bank of America(BAC-N) 

December 8, 2017

His initial sell target on this is $38, so thinks it still has quite a way to go. Thinks it will keep going up and their bottom line will keep on improving for the next little while.

banks

His initial sell target on this is $38, so thinks it still has quite a way to go. Thinks it will keep going up and their bottom line will keep on improving for the next little while.

banks
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$29.050
Owned Owned
Yes

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PAST TOP PICK
BlackBerry(BB-T) 

December 8, 2017

(A Top Pick Dec 22/16. Up 37%.) 2018 might end up being a really good year. They’re making money now and have stemmed the revenue decline. John Chen keeps on hitting his targets.

electrical/electronic

(A Top Pick Dec 22/16. Up 37%.) 2018 might end up being a really good year. They’re making money now and have stemmed the revenue decline. John Chen keeps on hitting his targets.

electrical/electronic
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$13.180
Owned Owned
Yes

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COMMENT
Bombardier Inc (B)(BBD.B-T) 

December 8, 2017

He doesn’t think this is out of the woods yet. Canadian taxpayers have put so much money into this company. This has a lot of potential upside, but at the same time there are a lot of dangers with it.

transportation equip & components

He doesn’t think this is out of the woods yet. Canadian taxpayers have put so much money into this company. This has a lot of potential upside, but at the same time there are a lot of dangers with it.

transportation equip & components
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$3.190
Owned Owned
No

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COMMENT

An 8% dividend is about the point where he starts to get nervous about a company. If it is much higher than 8%, often the market is correct. The company has great management and a long history. If real estate gets hit, a lot of companies are going to take it on the chin. Dividend yield of 8.4%.

other services

An 8% dividend is about the point where he starts to get nervous about a company. If it is much higher than 8%, often the market is correct. The company has great management and a long history. If real estate gets hit, a lot of companies are going to take it on the chin. Dividend yield of 8.4%.

other services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$16.030
Owned Owned
No

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TOP PICK

He likes this a lot. Had paid $3.11 for it, and it went down to around $.30. They recapitalized and now have debt under $1 million. The Wilkes Brothers, billionaires out of Texas, invest in a lot of companies and companies generally do well when they do that. They’ve been buying a lot of shares, which has helped to spike the stock price. Management has done a really good job in turning the company around. (Analysts’ price target is $2.25.)

oil/gas field services

He likes this a lot. Had paid $3.11 for it, and it went down to around $.30. They recapitalized and now have debt under $1 million. The Wilkes Brothers, billionaires out of Texas, invest in a lot of companies and companies generally do well when they do that. They’ve been buying a lot of shares, which has helped to spike the stock price. Management has done a really good job in turning the company around. (Analysts’ price target is $2.25.)

oil/gas field services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$1.850
Owned Owned
Yes

Must be logged in to use chart
COMMENT

This had an amazing turnaround, but it has come off lately. It’s way too expensive for him. He likes stocks that have come off. This company is a leader in its field.

Financial Services

This had an amazing turnaround, but it has come off lately. It’s way too expensive for him. He likes stocks that have come off. This company is a leader in its field.

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$7.440
Owned Owned
No

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COMMENT
DataMetrex AI Limited(DM-X) 

December 8, 2017

Blockchain technology. There are going to be big winners and big losers in this area. A lot of banks are getting involved. This, in many ways, is the wave of the future. At the same time, there are going to be a lot of companies that will simply disappear. You have to be very careful where you invest. He likes to set Sell targets using historical data, but these companies have no historical data.

Financial Services

Blockchain technology. There are going to be big winners and big losers in this area. A lot of banks are getting involved. This, in many ways, is the wave of the future. At the same time, there are going to be a lot of companies that will simply disappear. You have to be very careful where you invest. He likes to set Sell targets using historical data, but these companies have no historical data.

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.260
Owned Owned
No

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COMMENT
Eldorado Gold(ELD-T) 

December 8, 2017

Gold is not cheap enough to be a contrarian play. There are some gold companies that he likes. With this one, you get into the political scene in Greece. They’ve had all kinds of difficulties, and continue to do so.

precious metals

Gold is not cheap enough to be a contrarian play. There are some gold companies that he likes. With this one, you get into the political scene in Greece. They’ve had all kinds of difficulties, and continue to do so.

precious metals
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$1.490
Owned Owned
No

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COMMENT
Freshii Inc(FRII-T) 

December 8, 2017

IPO’s are generally fools’ plays. If you buy into an IPO, odds are it is going to be down a year later. It’s great for the people selling. Often the price is inflated as they want to get it out there and make a lot of money. BV is about $1.70. There doesn’t seem to be tremendous value. He wouldn’t rush out to buy this, but it is certainly better value than it was at its IPO.

food services

IPO’s are generally fools’ plays. If you buy into an IPO, odds are it is going to be down a year later. It’s great for the people selling. Often the price is inflated as they want to get it out there and make a lot of money. BV is about $1.70. There doesn’t seem to be tremendous value. He wouldn’t rush out to buy this, but it is certainly better value than it was at its IPO.

food services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$6.750
Owned Owned
No

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COMMENT
ING Groep NV(ING-N) 

December 8, 2017

European financials have moved up a lot since the recession. This was on his watch list, but has now moved up too far for him. It is of no interest to him at this time. At some point there is going to be another banking blowout, and this could get hit.

investment companies/funds

European financials have moved up a lot since the recession. This was on his watch list, but has now moved up too far for him. It is of no interest to him at this time. At some point there is going to be another banking blowout, and this could get hit.

investment companies/funds
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$18.550
Owned Owned
No

Must be logged in to use chart
PAST TOP PICK
Innodata Isogen Inc.(INOD-Q) 

December 8, 2017

(A Top Pick Dec 22/16. Down 48%.) Just announced they are setting up a committee which is going to really look at operations and the board. He is happy to hold this, but there is not a lot to get excited about.

Business Services

(A Top Pick Dec 22/16. Down 48%.) Just announced they are setting up a committee which is going to really look at operations and the board. He is happy to hold this, but there is not a lot to get excited about.

Business Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$1.120
Owned Owned
Yes

Must be logged in to use chart
COMMENT

Doesn’t know this very well. REITs is a very hot field. A lot of people are saying apartments are the way to go. Thinks there are some major things that might hit the economy such as huge debt loads, both government and personal. Also, real estate prices have gone up like crazy, although they have cooled to some degree, but could still fall quite a bit.

property mngmnt/investment

Doesn’t know this very well. REITs is a very hot field. A lot of people are saying apartments are the way to go. Thinks there are some major things that might hit the economy such as huge debt loads, both government and personal. Also, real estate prices have gone up like crazy, although they have cooled to some degree, but could still fall quite a bit.

property mngmnt/investment
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$14.420
Owned Owned
No

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COMMENT
Lundin Mining Corp.(LUN-T) 

December 8, 2017

Doesn’t know this company well. He likes to see a company where the stock price has dropped 33% in the past 52 weeks and is trading at the lower end of its 10-year range.

metal mines

Doesn’t know this company well. He likes to see a company where the stock price has dropped 33% in the past 52 weeks and is trading at the lower end of its 10-year range.

metal mines
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$7.060
Owned Owned
No

Must be logged in to use chart
TOP PICK
Quarterhill Inc(QTRH-T) 

December 8, 2017

Has a new CEO who had done really well with Open Text. The company just had record earnings. Dividend yield of 2.4%. (Analysts’ price target is $3.)

electrical/electronic

Has a new CEO who had done really well with Open Text. The company just had record earnings. Dividend yield of 2.4%. (Analysts’ price target is $3.)

electrical/electronic
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$2.150
Owned Owned
Yes

Must be logged in to use chart
BUY

This is on his Buy list. It pays a nice $.05 quarterly dividend. Just reported earnings, and looked really bad because their Addition L subsidiary, took a big write down of about $26 million. There are difficulties in the retail space, however their same-store sales were up on their bricks and mortars stores. They’re also up in terms of the Internet. This is a good fit.

clothing stores

This is on his Buy list. It pays a nice $.05 quarterly dividend. Just reported earnings, and looked really bad because their Addition L subsidiary, took a big write down of about $26 million. There are difficulties in the retail space, however their same-store sales were up on their bricks and mortars stores. They’re also up in terms of the Internet. This is a good fit.

clothing stores
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$4.470
Owned Owned
Yes

Must be logged in to use chart
COMMENT
Royal Nickel Corp (RNX-T) 

December 8, 2017

In some way, this company has transitioned positively. They now have revenues. Have lowered their operating costs. Still losing a lot of money, about $12 million last quarter. A few years ago, they had around 90 million shares, but now have about 307 million shares, which makes it very, very hard on the upside. There could be a further dilution. Speculative.

Mining

In some way, this company has transitioned positively. They now have revenues. Have lowered their operating costs. Still losing a lot of money, about $12 million last quarter. A few years ago, they had around 90 million shares, but now have about 307 million shares, which makes it very, very hard on the upside. There could be a further dilution. Speculative.

Mining
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.160
Owned Owned
No

Must be logged in to use chart
COMMENT

The Dimension Fund (contrarian investors) has been buying to add to their position. When they buy into a company, that is a good sign for a lot of investors. This company has been a fascinating topic of conversation over the past few years. They were doing too many takeovers and taking on way too much debt. Still has a big debt load, but have been paying it off and he can see how this could be a good turnaround play. Because of their debt, there are still dangers out there.

Consumer Products

The Dimension Fund (contrarian investors) has been buying to add to their position. When they buy into a company, that is a good sign for a lot of investors. This company has been a fascinating topic of conversation over the past few years. They were doing too many takeovers and taking on way too much debt. Still has a big debt load, but have been paying it off and he can see how this could be a good turnaround play. Because of their debt, there are still dangers out there.

Consumer Products
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$25.360
Owned Owned
Unknown

Must be logged in to use chart
N/A
General Market Comment 

November 24, 2017

Market. It is fascinating what has gone on. If someone had said at the beginning of the year that the market was going to do what it has done, most people would have said that it was unrealistic. The American market in particular, but now the Canadian market too has caught fire. It’s fascinating to watch, but it makes it much harder for him as a contrarian, to find value stocks he can buy during this tax loss season. Hopefully he can find some that he can cherry pick towards the end of the year.

Market. It is fascinating what has gone on. If someone had said at the beginning of the year that the market was going to do what it has done, most people would have said that it was unrealistic. The American market in particular, but now the Canadian market too has caught fire. It’s fascinating to watch, but it makes it much harder for him as a contrarian, to find value stocks he can buy during this tax loss season. Hopefully he can find some that he can cherry pick towards the end of the year.

Unknown
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
N/A
General Market Comment 

November 24, 2017

Screening Criteria? He likes stocks that have been in business more than 10 years, that should be trading at $10 or less, with little or no debt on the balance sheet. Also, the stock has to be down 33% in the past year. He likes trading towards the low end of a 10-year range. Wants at least a 100% upside, often 200%, 300%, 400%, based on what the stock price has been in the past. Likes to know that management can do what they say they are going to do. Insider buying is something else he likes. If the sector is out of play, that is worth one of his points.

Screening Criteria? He likes stocks that have been in business more than 10 years, that should be trading at $10 or less, with little or no debt on the balance sheet. Also, the stock has to be down 33% in the past year. He likes trading towards the low end of a 10-year range. Wants at least a 100% upside, often 200%, 300%, 400%, based on what the stock price has been in the past. Likes to know that management can do what they say they are going to do. Insider buying is something else he likes. If the sector is out of play, that is worth one of his points.

Unknown
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
N/A
General Market Comment 

November 24, 2017

Oil and gas? He doesn’t think this is very contrarian now. A lot of companies haven’t come back, and some have come back a fair distance. You can look at a number of companies that have been so-called survivors. Because they’ve survived this long, that increases the potential of them surviving into the future. There are still some that will go under, but thinks they have seen the worst of it. Definitely a sector worth looking at.

Oil and gas? He doesn’t think this is very contrarian now. A lot of companies haven’t come back, and some have come back a fair distance. You can look at a number of companies that have been so-called survivors. Because they’ve survived this long, that increases the potential of them surviving into the future. There are still some that will go under, but thinks they have seen the worst of it. Definitely a sector worth looking at.

Unknown
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$0.020
Owned Owned
_N/A

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

November 24, 2017

(A Top Pick Dec 22/16. Up 15%.) A huge Dutch insurer and operates in many countries. Had huge problems during the recession and had to be bailed out by the Dutch government. They seem to be getting their house in order. They could be on the comeback trail. They’ve been doing well over the past year. It wouldn’t surprise him if this ultimately tripled.

Financial Services

(A Top Pick Dec 22/16. Up 15%.) A huge Dutch insurer and operates in many countries. Had huge problems during the recession and had to be bailed out by the Dutch government. They seem to be getting their house in order. They could be on the comeback trail. They’ve been doing well over the past year. It wouldn’t surprise him if this ultimately tripled.

Financial Services
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$6.080
Owned Owned
Yes

Must be logged in to use chart
PAST TOP PICK
BlackBerry(BB-T) 

November 24, 2017

(A Top Pick Dec 22/16. Up 44%.) He likes what John Chen is doing. He basically hits targets. When looking to turn around a company this big, it takes a huge amount of time. In this case, it was more difficult, because they had to get out of one space and more into another. One of the beauties of this company is that as they turn, the analysts are on it regularly, so more people will jump into it.

electrical/electronic

(A Top Pick Dec 22/16. Up 44%.) He likes what John Chen is doing. He basically hits targets. When looking to turn around a company this big, it takes a huge amount of time. In this case, it was more difficult, because they had to get out of one space and more into another. One of the beauties of this company is that as they turn, the analysts are on it regularly, so more people will jump into it.

electrical/electronic
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$13.620
Owned Owned
Yes

Must be logged in to use chart
COMMENT

Has been very good to him. He bought it at around $.25 several years ago, when they were potentially on the verge of bankruptcy. Brought in a new CEO who had been at another brewery that got taken over. Sold out a few months ago at $3.99. It is still over $3, so it has zero interest for him.

breweries/beverages

Has been very good to him. He bought it at around $.25 several years ago, when they were potentially on the verge of bankruptcy. Brought in a new CEO who had been at another brewery that got taken over. Sold out a few months ago at $3.99. It is still over $3, so it has zero interest for him.

breweries/beverages
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$3.250
Owned Owned
No

Must be logged in to use chart
COMMENT

He would suggest looking at the goodwill on the balance sheet. If they have to write it down a long way, that would really hurt the BV. They have a tremendous amount of debt, so they are not out of the woods. Has huge upside potential. Oil and gas has come back in favour to some degree. Worth a look, but expects there will be more tax loss selling and it could go down a lot further.

oil/gas

He would suggest looking at the goodwill on the balance sheet. If they have to write it down a long way, that would really hurt the BV. They have a tremendous amount of debt, so they are not out of the woods. Has huge upside potential. Oil and gas has come back in favour to some degree. Worth a look, but expects there will be more tax loss selling and it could go down a lot further.

oil/gas
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$2.480
Owned Owned
Yes

Must be logged in to use chart
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