Opinions by Jim Huang | StockChase
991
Jim Huang

President

ON STOCKCHASE SINCE Dec 2002

T.I.P. Wealth Management
120 Adelaide Street WestSuite 2400, P.O. Box 23Toronto, ONM5H 1T1
T: 1(416)304-6825 info@athlonebancorp.com


Opinions by Jim Huang


Signal Opinion Expert Chart

2017-07-06

N/A
A Comment -- General Comments From an Expert 

Market. The market has done very, very well. In most cases, it has doubled since the bottom of 2009. There is a sense that a short-term pause or correction at this time might be healthy. It would give you a chance to reload on some value stocks. The global economic growth is picking up speed, so the backdrop is good for the economy, and therefore good for earnings growth. The US Federal Reserve has started to raise interest rates, and so far it hasn’t had any negative impact, but at some point it might cause a bit of tightening. At this stage, your cash allocation should be closer to your maximum because of the uncertainty with high interest rates and delays in some of the reforms that might be coming. Hold onto your core holdings, but maybe take profits selectively and get ready to buy on a downturn.

Jim Huang

President, T.I.P. Wealth Management

Price: $0.020
Owned: _N/A

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2017-07-06

WATCH
AutoCanada Inc. (ACQ-T)

Publicly traded auto dealers which own a lot of dealerships across Canada, but their primary strength is in Western Canada, which is why they took a hit for the last couple of years. That has now stabilized and they’ve also diversified outside of Alberta. There is a sense that the auto cycle is peaking, so there’s not a lot of upside for the overall picture. Last quarter, they seem to have underperformed to what National sales have done in the Western provinces. It has to be figured out whether or not they can demonstrate cost control and leverage and continue to diversify.

specialty stores
Jim Huang

President, T.I.P. Wealth Management

Price: $18.080
Owned: Unknown

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2017-07-06

HOLD
Altagas Ltd (ALA-T)

This has done very well, going from the roots of a little utility, a little bit of gas distribution and gathering, to a North American utility. The stock price has been depressed lately, because they did a big US acquisition which is still waiting for regulatory approval. He believes it will come through. You will be rewarded if you are holding the stock. Dividend yield of 7.2%.

oil/gas
Jim Huang

President, T.I.P. Wealth Management

Price: $29.330
Owned: Unknown

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2017-07-06

COMMENT
Algonquin Power & Utilities Corp (AQN-T)

This has done extremely well, partly because of their US acquisition and their ability to execute. As long as they continue on that path of being able to buy up things at reasonable prices and continue to squeeze synergies out of it, they should do well.

electrical utilities
Jim Huang

President, T.I.P. Wealth Management

Price: $13.170
Owned: Unknown

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2017-07-06

BUY on WEAKNESS
Alimentation Couche-Tard (B) (ATD.B-T)

One of the biggest convenience store operators in North America, with growth primarily by acquisition. Lately there has been some negative results from some of their competitors, which is causing some issues. He likes their ability to continue to squeeze earnings out of existing operations as well as doing acquisitions. Not a cheap stock. Probably a good one to accumulate on a pullback.

food stores
Jim Huang

President, T.I.P. Wealth Management

Price: $59.430
Owned: Unknown

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2017-07-06

COMMENT
Blackbird Energy Inc (BBI-X)

A natural gas exploration company. It’s relatively early in the development stage. Has very good land acreage in the Montney play. It has shown good promise, but had little set back in applying technology last quarter. They’ve fixed that and are moving forward. The next step is to demonstrate that they are able to use their technology and hit big reserves again. A bit of a wait and see, but the upside is clearly there.

Energy
Jim Huang

President, T.I.P. Wealth Management

Price: $0.360
Owned: Unknown

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2017-07-06

BUY
Grande West Transportation Group (BUS-X)

This has smaller sized buses that are more suitable in many cases for city transportation, and more flexible. A lot of manufacturing is done in China so prices are more reasonable than some of their competition. There is a big untapped market they can continue to attack, especially with their US facilities and partnerships. More orders are coming in and that is going to drive a lot of growth.

Transportation
Jim Huang

President, T.I.P. Wealth Management

Price: $2.620
Owned: Yes

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2017-07-06

COMMENT
Cardinal Energy Ltd (CJ-T)

As long as oil prices stay over $40, the dividend should be safe. They are leveraged to oil prices, which have not done very well. Recently did an acquisition and had to issue a bunch of stock to finance it, which didn’t really go as well is what they had hoped. He likes management and the low-cost operating base. With anything over $50 in oil prices, this thing runs. Dividend yield of 9.09%.

oil/gas
Jim Huang

President, T.I.P. Wealth Management

Price: $4.620
Owned: Unknown

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2017-07-06

COMMENT
Crescent Point Energy Corp (CPG-T)

Has been disappointed by their performance over the last period, but mostly because the commodity price has been disappointing as well. Believes there is going to be upside in the commodity price. This company has done well changing from their past, not doing as many acquisitions and focused more on organic growth. Feels this has a lot of torque to the upside, and the balance sheet is reasonable. Anything over $40 in oil, and this company will be okay. Good place to be for the upside.

oil/gas
Jim Huang

President, T.I.P. Wealth Management

Price: $9.400
Owned: Unknown

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2017-07-06

PAST TOP PICK
DIRTT Environmental Solutions (DRT-T)

(A Top Pick June 6/16. Up 20.96%.) They do ready assembled furniture, but with a technology edge of 3-D designing and manufacturing that reduces costs.

Jim Huang

President, T.I.P. Wealth Management

Price: $6.290
Owned: Yes

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2017-07-06

TOP PICK
DIRTT Environmental Solutions (DRT-T)

This has been flat lining over the last couple of years. Partly because they’ve had some big contracts in the energy sector. Meanwhile, they have been able to grow in all the other sectors they’ve been in, and have more than made up for that. The energy sector is coming back a little and continues to invest in technology innovation. It doesn’t look cheap on current earnings, but growth is huge. (Analysts’ price target is $8.75.)

Jim Huang

President, T.I.P. Wealth Management

Price: $6.290
Owned: Yes

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2017-07-06

COMMENT
Exchange Income (EIF-T)

This had a Short report issued on it. The Short thesis is not new at all, as it has been on and off for the last few years. Primarily it has to do with the sustainability of dividends. Doesn’t think the Short thesis is solid. The company’s argument that a lot of capital expenditure has been for growth, rather than maintaining its operations, makes a lot of sense. The real question is, are you comfortable with the underlying business mix being essentially a specialty regional airline with some older planes, but make them last by completely overhauling them. There is also the acquisition of Region 1 taking older airplanes and selling them for parts. You have to be comfortable with the cyclicality and how well they manage it. If you are, this is a bargain.

Transportation & Environmental Services
Jim Huang

President, T.I.P. Wealth Management

Price: $30.510
Owned: Unknown

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2017-07-06

HOLD
Fairfax Financial (FFH-T)

Prem Watsa has an enviable track record of calling the market and making long-term investments. The issue is always trusting his ability to make the right calls. So far, he’s proven he’s worth it. The company has been fairly bearish on the market for a long time, so the results haven’t really kept up with what the index has been doing. Thinks they’ll be able to create value over the long-term.

insurance
Jim Huang

President, T.I.P. Wealth Management

Price: $554.660
Owned: Unknown

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2017-07-06

HOLD
Fortis Inc. (FTS-T)

With all the big acquisitions in North America, it is very stable and safe, with a dividend growth. Their earnings growth and dividend growth last year were very impressive. A lot of that came from acquisitions. This is clearly a core holding for income investors. The risk is if interest rates go a lot higher, everybody is going to hurt, including this company. But this is worth holding even in that situation.

electrical utilities
Jim Huang

President, T.I.P. Wealth Management

Price: $44.970
Owned: Unknown

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2017-07-06

COMMENT
GameStop Corp. (GME-N)

The challenge for this company is more secular rather than cyclical. They specialize in trading used video games. With digital downloads and digital formats, there is less and less of that going on, which is one reason the stock has not done well. Their balance sheet in the meantime has gone from rich in cash to just OK. Going forward, the prospects are somewhat uncertain.

specialty stores
Jim Huang

President, T.I.P. Wealth Management

Price: $21.120
Owned: Unknown

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