Alex Ruus

Markets. Feels like we're starting to get a more permanent rotation from growth to value. Started earlier this year, growth came back over the summer, but now the switch is continuing. An analogy is when we saw a rolling top in tech in 2000, and then there was a huge divergence in performance.

For the remainder of the year, investors will have to be more discerning. Last year, all you had to do was buy the market and things just went up. This year, you can't just blindly throw money at the market. Stuff with crazy valuations will be down over the next years. There are also a lot of great opportunities for upside if you're picking the right spots. He's always looks for really good businesses that are at a discount to intrinsic value. This will add value over time.

Sectors right now. Oil and gas. It went through a 10-year bear market. Look at free cashflows and earnings. Valuations are really cheap and compelling. Seeing insider buying. Stocks are moving up and starting to outperform. We'll see a lot more outperformance over the next year in the sector. A cyclical sector that presents compelling opportunities from time to time, as in 1999. You have to really dig down and understand the sector and the fundamentals.

RNG market. Hyperbolic growth over the last 2 years. Now a disaster at 52-week lows, in freefall. Got to such a crazy valuation, it was outside the realm of possibility. Not making money, lost $30M last year. Technicals are negative. Long-term it's interesting, but don't touch it here.

LSPD vs. NVEI Both really exciting tech growth companies. Short report on LSPD with concerning allegations is a risk. 10-bagger off its IPO. Not making money. Lot of air underneath the stock. Avoid. NVEI is overvalued, but it has great fundamentals, and it makes money. Not cheap at 65x earnings. Don't buy it here, but wait for a decent floor. Over the next year, this is not the place to be.

NVEI vs. LSPD Both really exciting tech growth companies. Short report on LSPD with concerning allegations is a risk. 10-bagger off its IPO. Not making money. Lot of air underneath the stock. Avoid. NVEI is overvalued, but it has great fundamentals, and it makes money. Not cheap at 65x earnings. Don't buy it here, but wait for a decent floor. Over the next year, this is not the place to be.

Small oil producer. Good solid company. Caveat is that it's small. Extremely cheap. A buy here. Will appreciate in the next year.

CFW vs. TCW Issue has been the balance sheet. Lots of debt. Concerns about solvency. Upswing in the sector is helping them. Whereas TCW has a clean balance sheet with rising fundamentals that's all going to equity holders. TCW is a safer blue chip.

TCW vs. CFW Issue for CFW has been the balance sheet. Lots of debt. Concerns about solvency. Upswing in the sector is helping them. Whereas TCW has a clean balance sheet with rising fundamentals that's all going to equity holders. TCW is a safer blue chip.

Very solid. Decent hold here. Low growth sector, about 5%. Good franchise. On weakness below $37, look at buying. If you're negative on the market, safe place to be. If you're positive on the market, there are better places for your money. Yield of 1.5% that will slowly increase over time.

Exciting play on telemedicine. Entire sector is pricey, but good upside opportunity if the trends continue. The whole concept makes a lot of sense. Good sector to have some exposure to. He owns a small position.

Great Canadian brand. Really likes the company. Out of his buy range. Volatile. Moves a lot around quarter releases. Long term, hard to see the growth to justify 38x PE. He might be interested around $20.

Phenomenal company that will do well for years to come, but trades at a huge multiple. Profits are small. Risk/reward is not there. He expects tech to lose its gold status over the next year, so this could fall 40%.

Excellent company. Recapture and take CO2 and inject it into the ground to recover more oil, which is very cool. Topaz transaction will let it pay down debt, increase dividend, and buy back shares. Will do well over the coming year.

(A Top Pick Jul 02/21, Up 7%) Upside has just started. The most compelling royalty player on the market. CEO doing a great job. See his Top Picks.