Opinions by Irwin Michael, B.Com, MBA | StockChase
245
Irwin Michael, B.Com, MBA

Portfolio Manager

ON STOCKCHASE SINCE Sep 2006

ABC Funds
c/o I.A. Michael Investment Counsel Ltd.8 King Street East, Suite 700Toronto, ONM5C 1B5
T: 416-365-9696 F: 416-365-9705 iamich@abcfunds.com
http://www.abcfunds.com

245
Irwin Michael, B.Com, MBA

Portfolio Manager

ON STOCKCHASE SINCE Sep 2006

ABC Funds
c/o I.A. Michael Investment Counsel Ltd.8 King Street East, Suite 700Toronto, ONM5C 1B5
T: 416-365-9696 F: 416-365-9705 iamich@abcfunds.com
http://www.abcfunds.com


Opinions by Irwin Michael, B.Com, MBA


Signal Opinion Expert Chart
BUY
Seaspan Corp.(SSW-N) 

December 3, 2013

5.25% dividend yield.  Well run.  They want to take on a few more ships.  It is not well followed.  Management nixed the deal and raised the money in another way.  He likes the company.  Believes the global economies are improving and that this company should benefit.

Transportation

5.25% dividend yield.  Well run.  They want to take on a few more ships.  It is not well followed.  Management nixed the deal and raised the money in another way.  He likes the company.  Believes the global economies are improving and that this company should benefit.

Transportation
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$21.210
Owned Owned
Yes

Must be logged in to use chart
BUY

Services companies are amongst the cheapest.  4.5% dividend.  Just moved into Australia.  Going to 14 rigs by end of next year.  Hard book value is about $10.

oil/gas field services

Services companies are amongst the cheapest.  4.5% dividend.  Just moved into Australia.  Going to 14 rigs by end of next year.  Hard book value is about $10.

oil/gas field services
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$7.850
Owned Owned
Unknown

Must be logged in to use chart
TOP PICK

Management.  Dividend.  Recently was named a transformational acquirer.  Blackshire is enabling them to keep paying their dividend.

oil/gas

Management.  Dividend.  Recently was named a transformational acquirer.  Blackshire is enabling them to keep paying their dividend.

oil/gas
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$2.190
Owned Owned
Yes

Must be logged in to use chart
TOP PICK
Trevali Mining Corp(TV-T) 

December 3, 2013

He just bought yesterday and owns 14.2%.  He backed up the truck because it was a devalued play.  Canadian company with mine in Peru.  Came out with info today saying all is going well.  Pure play on zinc.  Zinc will probably be in a deficit position in a year or so.  Excellent management. They have a good balance sheet.  No controlling shareholder and it may be in play.

Mining

He just bought yesterday and owns 14.2%.  He backed up the truck because it was a devalued play.  Canadian company with mine in Peru.  Came out with info today saying all is going well.  Pure play on zinc.  Zinc will probably be in a deficit position in a year or so.  Excellent management. They have a good balance sheet.  No controlling shareholder and it may be in play.

Mining
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$0.820
Owned Owned
Yes

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

September 20, 2013

Markets. He is bullish; however, thinks the market has had a nice run. Expects it will be higher than where it is now. It’s like 2 steps forward and 1 step back. Canada is relatively cheap and once we get the resource stocks moving, oil, gas and materials, our market will do quite well until the end of the year. Oil and gas are the 2 cheapest sectors. They are just not responding, certainly to the higher oil price. You have to be patient. He sees a lot of mergers, acquisitions and share buybacks.

Markets. He is bullish; however, thinks the market has had a nice run. Expects it will be higher than where it is now. It’s like 2 steps forward and 1 step back. Canada is relatively cheap and once we get the resource stocks moving, oil, gas and materials, our market will do quite well until the end of the year. Oil and gas are the 2 cheapest sectors. They are just not responding, certainly to the higher oil price. You have to be patient. He sees a lot of mergers, acquisitions and share buybacks.

Unknown
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
TOP PICK

Oil/gas servicing. Involved in the transportation side in both Canada and the US in the oil and gas industry. Feels they could become an acquisitor, consolidator by taking out a lot of mom-and-pop operations.

Oil and Gas (Integrated Oils)

Oil/gas servicing. Involved in the transportation side in both Canada and the US in the oil and gas industry. Feels they could become an acquisitor, consolidator by taking out a lot of mom-and-pop operations.

Oil and Gas (Integrated Oils)
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$3.250
Owned Owned
Yes

Must be logged in to use chart
BUY
Capstone Mining Corp.(CS-T) 

September 20, 2013

Acquired the Pinto Valley mine in Arizona and the stock went all the way down below $2. Thinks copper should hold in at $3-$3.30. This is almost a pure North American copper play. Thinks this company goes higher.

precious metals

Acquired the Pinto Valley mine in Arizona and the stock went all the way down below $2. Thinks copper should hold in at $3-$3.30. This is almost a pure North American copper play. Thinks this company goes higher.

precious metals
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$2.500
Owned Owned
Yes

Must be logged in to use chart
TOP PICK

Involved in nonstandard automobile/motorcycle insurance as well as home insurance. BV of around $14.37 but Tangible Book is $13.50. No debt. Overly capitalized by over $35 million. Stable management. Basically Canadian, but their big driver is Europe. 25%-30% growth. Will probably earn about $1.30 next year. Have an option of putting in a dividend, free cash flowing or buying back stock. It could be a $20 stock. You have to be patient.

insurance

Involved in nonstandard automobile/motorcycle insurance as well as home insurance. BV of around $14.37 but Tangible Book is $13.50. No debt. Overly capitalized by over $35 million. Stable management. Basically Canadian, but their big driver is Europe. 25%-30% growth. Will probably earn about $1.30 next year. Have an option of putting in a dividend, free cash flowing or buying back stock. It could be a $20 stock. You have to be patient.

insurance
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$13.140
Owned Owned
Yes

Must be logged in to use chart
PAST TOP PICK
Equitable Group(EQB-T) 

September 20, 2013

(A Top Pick September 10/12. Up 48.27%.) Well run company. Similar to Home Capital (HCG-T), nonstandard mortgages. Trimmed his position because it became well over 10% of his portfolio. Expect it will go higher. Cheap.

Financial Services

(A Top Pick September 10/12. Up 48.27%.) Well run company. Similar to Home Capital (HCG-T), nonstandard mortgages. Trimmed his position because it became well over 10% of his portfolio. Expect it will go higher. Cheap.

Financial Services
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$45.190
Owned Owned
Yes

Must be logged in to use chart
COMMENT

Energy services sector is the cheapest in the TSX. Beauty of this one, along with the others, is that most of them are paying dividends. This one pays 4.5% plus. This company is the largest in the coiled tubing in Western Canada. Have also done a great job in acquisitions and integrating. The company is a sitting duck to be taken over in the next 12-18 months. Regardless of where oil is, services still have to be maintained so companies like this will all do well in this environment.

oil/gas

Energy services sector is the cheapest in the TSX. Beauty of this one, along with the others, is that most of them are paying dividends. This one pays 4.5% plus. This company is the largest in the coiled tubing in Western Canada. Have also done a great job in acquisitions and integrating. The company is a sitting duck to be taken over in the next 12-18 months. Regardless of where oil is, services still have to be maintained so companies like this will all do well in this environment.

oil/gas
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$2.880
Owned Owned
Unknown

Must be logged in to use chart
TOP PICK
Fly Leasing Ltd(FLY-N) 

September 20, 2013

Leases aircraft to a lot of the major mobile carriers. Have over 100 planes. Dividend of 6.46%. Recently wanted to improve their balance sheet and use money for consolidation. BV of around $20. Did a share offer at about $14, which was a little upsetting. Stock went down below $13 but is now working its way back up. Good management.

transportation equip & components

Leases aircraft to a lot of the major mobile carriers. Have over 100 planes. Dividend of 6.46%. Recently wanted to improve their balance sheet and use money for consolidation. BV of around $20. Did a share offer at about $14, which was a little upsetting. Stock went down below $13 but is now working its way back up. Good management.

transportation equip & components
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$13.730
Owned Owned
Yes

Must be logged in to use chart
BUY
Corning Inc(GLW-N) 

September 20, 2013

Had bought this as a deep value US company. Primarily known for its Gorilla glass, which is used virtually in everything. Very well run company. Terrific balance sheet. Pays a good dividend. His target is $18-$20. Could be a takeover target because of all of its patents.

misc industrial products

Had bought this as a deep value US company. Primarily known for its Gorilla glass, which is used virtually in everything. Very well run company. Terrific balance sheet. Pays a good dividend. His target is $18-$20. Could be a takeover target because of all of its patents.

misc industrial products
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$14.670
Owned Owned
Yes

Must be logged in to use chart
BUY

North sea oil producer. Feels it has an NAV of $3-$3.50. They were under a lot of pressure. When they took over Valliant energy and paid it off in stock, a lot of the Valliant shareholders liquidated their stock. In the Greater Stella, the 1st well came in at over 10,000 barrels a day and they have 3 or 4 others, which got people all excited. The Valliant acquisition took them up to a higher level and it should be and could be a takeover candidate, but it is no longer a small cap, it is now a mid-cap, which should gather a lot of people’s attention. Cheap.

oil/gas

North sea oil producer. Feels it has an NAV of $3-$3.50. They were under a lot of pressure. When they took over Valliant energy and paid it off in stock, a lot of the Valliant shareholders liquidated their stock. In the Greater Stella, the 1st well came in at over 10,000 barrels a day and they have 3 or 4 others, which got people all excited. The Valliant acquisition took them up to a higher level and it should be and could be a takeover candidate, but it is no longer a small cap, it is now a mid-cap, which should gather a lot of people’s attention. Cheap.

oil/gas
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$2.470
Owned Owned
Yes

Must be logged in to use chart
BUY

Explorer/producer in the North sea. Likes what they are doing. It is very key that they did this $275 million financing. They paid up 9.5% at a bit of a discount price. This frees up all of this money for them to pay off their very restrictive bank lines. NAV is anywhere up to around $1.50, indicating it has garnered a lot of respect. Thinks it will go higher.

oil/gas

Explorer/producer in the North sea. Likes what they are doing. It is very key that they did this $275 million financing. They paid up 9.5% at a bit of a discount price. This frees up all of this money for them to pay off their very restrictive bank lines. NAV is anywhere up to around $1.50, indicating it has garnered a lot of respect. Thinks it will go higher.

oil/gas
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$0.650
Owned Owned
Yes

Must be logged in to use chart
BUY

Good management. A premier light oil company operating in Alberta. He bought this company for growth and he thinks they are well-positioned. Have a huge tract of opportunities. A pure light gas player. Have been hedging at about $100 a barrel and he thinks they have a terrific future. Very cheap. NAV is at least $10 and it should morph into higher levels.

oil/gas

Good management. A premier light oil company operating in Alberta. He bought this company for growth and he thinks they are well-positioned. Have a huge tract of opportunities. A pure light gas player. Have been hedging at about $100 a barrel and he thinks they have a terrific future. Very cheap. NAV is at least $10 and it should morph into higher levels.

oil/gas
Irwin Michael, B.Com, MBA

Portfolio Manager, ABC Funds...

PricePrice
$6.500
Owned Owned
Yes

Must be logged in to use chart
Showing 16 to 30 of 245 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company