Opinions by Alex Ruus | StockChase
752
Alex Ruus

Portfolio Manager

ON STOCKCHASE SINCE Nov 2006

Arrow Capital Management


Opinions by Alex Ruus



ABOUT CHARTS : These are thumbnail sketches of the stock prices, from the time of the opinions. The charts are not detailed, and are meant only to give an oveview (note the number of datapoints). The charts show one month of information or up to six months if you are a subscriber. Recent opinions will obviously have fewer datapoints then older opinions.


You are not seeing charts because you haven't logged in or haven't opted in

Signal Opinion Expert Chart

2017-11-16

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

Market. Overall, it was a very, very strong quarter. Thinks it’s a prelude to a pretty good year to come, and continuation of this grudging bull market we’ve been in. While we are getting a few divergences on the valuation front, which is creating some great opportunities for active managers, overall things are looking very, very good, and he is optimistic going forward. Economically, things are very good. The US central bank is now unwinding the quantitative easing that they’ve had in place for about 5 years. Interest rate increases will probably continue.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.020
Owned: _N/A

Must be logged in to use chart

2017-11-16

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

IPOs? With these, you have to do a lot of homework. There is no background in the public market. For the average retail investor, it is tough. There is also another aspect. It’s the way shares are delved out to people who have asked to get them. The average person is at a disadvantage, as there is a bit of a network among dealers. His general rule is to avoid them.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.020
Owned: _N/A

Must be logged in to use chart

2017-11-16

TOP PICK
Anthem Inc (ANTM-N)

A free cash flow machine. Have retired 58% of their outstanding shares in the last decade. The #2 managed care organization, health insurer, in the US. Dividend yield of 1.3%. (Analysts’ price target is $226.)

medical services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $220.890
Owned: Yes

Must be logged in to use chart

2017-11-16

COMMENT
Arc Resources Ltd (ARX-T)

A well run company. The problem with this and a lot of the Western Canadian E&P’s is that the biggest part of production is natural gas coming out of Western Canada. At times in September, that production was basically worthless. The oil and condensates they are producing is worth quite a bit of money, but gas is almost being given away. The Western Canadian gas market continues to be depressed, and will be for a number of years.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $16.010
Owned: Unknown

Must be logged in to use chart

2017-11-16

HOLD
Brookfield Asset Management (A) (BAM.A-T)

(Market Call Minute.) A very good manager of multiple funds. They get a flow of inflows from Brookfield’s Limited partnerships.

management/diversified
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $52.590
Owned: Unknown

Must be logged in to use chart

2017-11-16

HOLD
Bonavista Energy Corp (BNP-T)

(Market Call Minute.) A good, solid energy company, but has a bit of a hangover because of its natural gas exposure.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $2.430
Owned: Unknown

Must be logged in to use chart

2017-11-16

HOLD
Brick Brewing Company Ltd. (BRB-T)

(Market Call Minute.) A very solid brewer with excellent beer products. If it got down to the mid-$2, he would be a buyer.

breweries/beverages
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $3.250
Owned: Unknown

Must be logged in to use chart

2017-11-16

WAIT
Celgene Corp (CELG-Q)

One of the larger biotech companies. The big drop last month was due to a halt in one of their trials where they were developing what looked like a pretty good drug which would have been a big market. He would stay away for another month or so, but longer-term, it is a pretty good company with a portfolio of good drugs in development and good drugs in the market.

Consumer Products
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $103.350
Owned: Unknown

Must be logged in to use chart

2017-11-16

DON'T BUY
Dollarama Inc. (DOL-T)

Your classic momentum stock. One of the few companies in Canada that has continuous earning beats. Has a good business that continues to grow. It is a really expensive stock. There is a world of investable opportunities out there, and a lot of great companies like this that he would like to own at some point, but you are paying many, many, many future years of profits now at these valuation levels.

Consumer Products
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $151.490
Owned: No

Must be logged in to use chart

2017-11-16

WAIT
DowDuPont Inc. (DWDP-N)

A lot of the bigger US companies are reflecting a fair bit of good news. This merger entity is a really great company, and over time you will make money with it. He would hold off and wait for a correction. The stock is not cheap.

chemicals
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $70.680
Owned: Unknown

Must be logged in to use chart

2017-11-16

PAST TOP PICK
Element Fleet Management (EFN-T)

(A Top Pick Feb 21/17. Down 30%.) On a standalone basis going forward, this is a cheap, cheap company. Trading at 9X earnings. Management has been buying stock, which is a very bullish signal. North America’s #1 leading vehicle fleet manager. They provide service for their customers on running their fleets more efficiently. Pays a 3% dividend yield, which is likely going to be increased every year.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $9.660
Owned: Yes

Must be logged in to use chart

2017-11-16

DON'T BUY
Exchange Income (EIF-T)

(Market Call Minute.) There are Short reports out there, and he is trying to get his head around as to whether the Shorts have nailed this or not. There are some concerning signals. He would hold off on this.

Transportation & Environmental Services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $34.820
Owned: Unknown

Must be logged in to use chart

2017-11-16

HOLD
Enbridge (ENB-T)

One of the world’s largest pipeline companies, and a leader in North America in oil transportation. A great, long term company. Has a fair bit of growth projects coming at them. Part of the issue is debt. People are worried they are going to have to raise more equity. There is a chance we could see an equity issue in the next year. With that overhang, the stock may just be going sideways. At these levels, it looks like reasonable value, but don’t expect much upward movement until there is more clarity. If you already own this, you are probably safe in just sitting tight. Dividend yield of 5.5%.

oil/gas pipelines
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $44.010
Owned: Unknown

Must be logged in to use chart

2017-11-16

WEAK BUY
Enerplus Corp (ERF-T)

(Market Call Minute.) A good, solid oil and gas company with good exposure in the right areas. He would call this a soft Buy.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $11.510
Owned: Unknown

Must be logged in to use chart

2017-11-16

HOLD
Flyht Aerospace Solutions (FLY-X)

A fascinating small-cap company that recently became profitable. However, the 3rd quarter was not profitable which caused softness. Feels there are a lot of good things to come in the coming year. They have fascinating technology to help airlines run fleets more efficiently, as well as dealing with problems like lost airplanes. Feels it is going to be a very successful company long-term. The recent pullback is a buying opportunity.

Transportation
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $2.010
Owned: Unknown

Must be logged in to use chart

2017-11-16

TOP PICK
Freehold Royalties (FRU-T)

This operates in the capital-intensive business of oil and gas but, because they are a royalty company, their capital intensive is extremely low. They have the lowest operating cost in the industry. Has a 6% free cash flow yield. Dividend yield of 3.9%, which he expects to be increased again next year. (Analysts’ price target is $17.75.)

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $15.090
Owned: Yes

Must be logged in to use chart

2017-11-16

WAIT
Gap (GPS-N)

This is a cheap retail stock. Has a pretty good franchise, but like a lot of brick-and-mortar retail, their numbers have stagnated. This is probably one of the longer-term survivors, but the general sector still seems to be under pressure.

specialty stores
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $27.480
Owned: Unknown

Must be logged in to use chart

2017-11-16

DON'T BUY
Gluskin Sheff and Associates (GS-T)

A long-term manager of high net worth clients, who historically has done pretty well. He would avoid the stock right now. In the last year there has been a lot of infighting. The 2 founders are suing the company. Performance numbers have not been impressive. He worries what is going to happen to their asset flows, given some of the stuff that has happened.

Financial Services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $15.520
Owned: Unknown

Must be logged in to use chart

2017-11-16

HOLD
Halliburton Co (HAL-N)

The #2 oil/gas services company globally, and the leader in US fracturing services. The stock has done nothing for a while because it is a pretty big conglomerate with a lot of debt and multiple services, with some areas still in the doldrums. Prefers some of the more pure-play companies in the US.

oil/gas field services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $41.510
Owned: Unknown

Must be logged in to use chart

2017-11-16

BUY
Global X Lithium E.T.F. (LIT-N)

(Market Call Minute.) This has had a pretty good run. The greater picture on electronic vehicles is that it is going to create a lot of demand for lithium. This would be a positive place to invest.

E.T.F.'s
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $39.570
Owned: Unknown

Must be logged in to use chart

2017-11-16

PAST TOP PICK
Magna Int'l. (A) (MG-T)

(A Top Pick Feb 21/17. Up 16%.) This is going to pay off more in the coming year. Earnings are going up and it has a great balance sheet. Trading at 8X next year’s earnings and 5X EV to EBITDA. It’s the 2nd biggest auto parts company globally and is really well positioned. Pays a small 2% yield that increases every year.

Automotive
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $68.050
Owned: Yes

Must be logged in to use chart

2017-11-16

TOP PICK
Microsoft (MSFT-Q)

He likes companies that produce a lot of free cash flow, because it generates a lot of shareholder wealth. This is the world’s largest software company, and they generate increasing streams of revenue and free cash flow. Trades at about a 6% free cash flow yield. Has recently started to accelerate their business as they’ve accelerated their web business. Dividend yield of 2%. (Analysts’ price target is $92.)

computer software/processing
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $83.200
Owned: Yes

Must be logged in to use chart

2017-11-16

BUY on WEAKNESS
MTY Food Group (MTY-T)

(Market Call Minute.) This operates a number of different fast food franchises in food courts. He likes it longer-term. It has had a bit of a run and he would be a buyer on weakness.

food services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $54.710
Owned: Unknown

Must be logged in to use chart

2017-11-16

COMMENT
Neptune Tech & Bioresource (NEPT-T)

This is undergoing a transition. They have vested the lions share of their Neptune krill oil business, and entered into partnerships with other players in that market. Has a plant in Sherbrooke which is a very good oil processor, and they want to become a leader in the marijuana oil processing market. An evolving company and he likes the story longer-term.

biotechnology/pharmaceutical
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $1.320
Owned: Yes

Must be logged in to use chart

2017-11-16

PARTIAL SELL
Raytheon (RTN-N)

A very solid US defence company. Probably one of the stronger subsectors within defence. They are one of the leaders in the missile defence systems. If he had owned this for the last year, he would probably take half his position off.

electrical/electronic
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $184.270
Owned: No

Must be logged in to use chart

2017-11-16

DON'T BUY
Tesla Motors Inc (TSLA-Q)

A very high profile stock. Thinks the company could go bankrupt. They are really doing things to push forward the adoption of electric vehicles, and have burned through $5 billion of capital in the last 12 months. Expects they will burn through another $5 billion in the next 1-2 years. They are going to have to do multiple capital raises. So far, the market has been willing to give boatloads of cash to them.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $312.500
Owned: No

Must be logged in to use chart

2017-11-16

PAST TOP PICK
United Parcel Services (UPS-N)

(A Top Pick Feb 21/17. Up 8%.) Given the advent of e-retailing there are more package deliveries going on. Amazon has been the high profile player in e-commerce, but he would argue that the safer players would be companies like this and FedEx. Trading at 16X 2018 earnings with a 3% dividend yield that gets increased every year.

Transportation
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $113.700
Owned: Yes

Must be logged in to use chart

2017-11-16

COMMENT
Westshore Terminals Inc. (WTE-T)

A really good asset. Terminals at ports are kind of scarce assets. Long-term, they are good investable assets. This one primarily serves the coal market. With the downturn in coal there was some panic and worries they would lose a lot of business. The stock really got battered, but has had a nice rebound back.

investment companies/funds
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $24.730
Owned: Unknown

Must be logged in to use chart

2017-09-27

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

Market.Since last year’s election, the message has been clear. Trump is trying to push a pro-growth agenda and it is having an effect. They’ve had some difficulty in getting legislation through the 3 houses, which is always the case in the US. On the executive branch, he is pushing the regulation and helping to get things approved, as opposed to holding things up. The market has had some pretty decent growth, and we are seeing economic growth and earnings progression in companies. Even though there is a lot of conjecture back and forth, we are now into a slow tightening cycle on the monetary side. In this interest rate environment, the multiples on a lot of the stocks look pretty reasonable. For investors that are looking for individual securities that are fantastic companies and trading at really, really low valuations, this is a great environment. There are great opportunities.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.020
Owned: _N/A

Must be logged in to use chart

2017-09-27

COMMENT
A Comment -- General Comments From an Expert 

Which bank would you buy based on earnings and dividend growth?His favourite Canadian bank is Toronto Dominion (TD-T), which has had the best execution over time. They are well positioned both in Canada and the US. In the short term, there is probably more upside in a number of the US banks, and he feels the US economy is going to be stronger than the Canadian economy. In that case, something like a Wells Fargo (WFC-N) or one of the mid tier US banks would be a good opportunity.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.020
Owned: Unknown

Must be logged in to use chart
Showing 1 to 30 of 751 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company