Opinions by Jason Donville | StockChase
1062
Jason Donville

President & CEO

ON STOCKCHASE SINCE Oct 2009

Donville Kent Asset Management
jordan@donvillekent.com
http://www.donvillekent.com/about-team-donville.php

1062
Jason Donville

President & CEO

ON STOCKCHASE SINCE Oct 2009

Donville Kent Asset Management
jordan@donvillekent.com
http://www.donvillekent.com/about-team-donville.php


Opinions by Jason Donville


Signal Opinion Expert Chart
N/A
General Market Comment 

March 7, 2016

Markets. For the small investor, you can’t “trade” in these markets. You can’t Buy on a Monday and Sell on a Friday and make money. You have to look beyond the noise. That can be painful at times, the same as it is for professional investors. Focus on companies that have enduring qualities that will be able to sail through the turbulence. Try to avoid turbulence in both directions, whether the market is going down or up. Focus on companies you want to hold for 3-5 years, and that hopefully you are going to get a triple over 5 years. Over the last few years, he has been investing in knowledge based industries. His weighting in the different areas has been fairly consistent over the last 12-18 months. Has about a 10% weighting in energy, but no other natural resources. Also, holding about 10% in cash. Other than that everything is in technology, healthcare or financials.

Markets. For the small investor, you can’t “trade” in these markets. You can’t Buy on a Monday and Sell on a Friday and make money. You have to look beyond the noise. That can be painful at times, the same as it is for professional investors. Focus on companies that have enduring qualities that will be able to sail through the turbulence. Try to avoid turbulence in both directions, whether the market is going down or up. Focus on companies you want to hold for 3-5 years, and that hopefully you are going to get a triple over 5 years. Over the last few years, he has been investing in knowledge based industries. His weighting in the different areas has been fairly consistent over the last 12-18 months. Has about a 10% weighting in energy, but no other natural resources. Also, holding about 10% in cash. Other than that everything is in technology, healthcare or financials.

Unknown
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$0.020
Owned Owned
_N/A

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BUY
General Market Comment 

March 7, 2016

Canadian Banks? Thinks the outlook for banks is solid, if not getting better. The biggest issue overhanging them right now would be concerns on oil/gas loans going soft. With a rebound in oil now, it changes dynamics quite significantly. Most of their mortgage portfolios are insured. Dividend yields average 5%-5.5%, and we are basically in a zero interest rate environment. He likes Royal (RY-T).

Canadian Banks? Thinks the outlook for banks is solid, if not getting better. The biggest issue overhanging them right now would be concerns on oil/gas loans going soft. With a rebound in oil now, it changes dynamics quite significantly. Most of their mortgage portfolios are insured. Dividend yields average 5%-5.5%, and we are basically in a zero interest rate environment. He likes Royal (RY-T).

Unknown
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$0.020
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Yes

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N/A
General Market Comment 

March 7, 2016

Readings. For viewers who like BNN, Jason would recommend the book “Market Masters” by Robin R Speziale, which will give you an inside view on how the Experts on this program think and look at stocks.

Readings. For viewers who like BNN, Jason would recommend the book “Market Masters” by Robin R Speziale, which will give you an inside view on how the Experts on this program think and look at stocks.

Unknown
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$0.020
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_N/A

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BUY

Auto body repair. They are so widespread, both in Canada and the US, your exposure to weakness to an individual state or province all washes out everything else. That’s what he likes about it. Great company. A really good Steady Eddie and has been a great long-term performer. Very high ROE in very good management. A great long-term buy and hold stock.

other services

Auto body repair. They are so widespread, both in Canada and the US, your exposure to weakness to an individual state or province all washes out everything else. That’s what he likes about it. Great company. A really good Steady Eddie and has been a great long-term performer. Very high ROE in very good management. A great long-term buy and hold stock.

other services
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$65.360
Owned Owned
Yes

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HOLD

Great company. Kind of emerging into a kind of broadly-based industrial conglomerate. He is a bit reluctant on its valuation. It pretty much has everything he is looking for. Not cheap, so you are not going to get a lot of multiple expansion going forward. Could trade a little sideways because the share price is a little ahead of itself. Their over all strategy and execution is excellent. If it sold off 10%-15%, he would be a buyer.

packaging/containers

Great company. Kind of emerging into a kind of broadly-based industrial conglomerate. He is a bit reluctant on its valuation. It pretty much has everything he is looking for. Not cheap, so you are not going to get a lot of multiple expansion going forward. Could trade a little sideways because the share price is a little ahead of itself. Their over all strategy and execution is excellent. If it sold off 10%-15%, he would be a buyer.

packaging/containers
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$235.260
Owned Owned
No

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STRONG BUY
CRH Medical Corp.(CRH-T) 

March 7, 2016

Colonoscopy clinics. His 5th largest holding. Just delivered an excellent quarter. Very attractively priced, and run by a very honest management team. A very clean model of a health care stock. ROE is about 33% and P/E ratio is around 11%. Doesn’t believe there will be any equity financing, so no dilution going forward. Can’t think of a better company to own.

biotechnology/pharmaceutical

Colonoscopy clinics. His 5th largest holding. Just delivered an excellent quarter. Very attractively priced, and run by a very honest management team. A very clean model of a health care stock. ROE is about 33% and P/E ratio is around 11%. Doesn’t believe there will be any equity financing, so no dilution going forward. Can’t think of a better company to own.

biotechnology/pharmaceutical
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$4.360
Owned Owned
Yes

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PAST TOP PICK

(A Top Pick Feb 5/15. Up 41.69%.) Thinks they are shifting from a lot of little acquisitions to some really big ones that will come in once or twice a year. He continues to love this.

computer software/processing

(A Top Pick Feb 5/15. Up 41.69%.) Thinks they are shifting from a lot of little acquisitions to some really big ones that will come in once or twice a year. He continues to love this.

computer software/processing
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$527.720
Owned Owned
Yes

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TOP PICK

This is trading on 4X earnings and less than its projected 2016 BV. Stocks are never that cheap unless they don’t have an issue. This does have an issue, too much debt. Management has been appearing at conferences explaining they have made progress in paying down debt. Jason thinks that over 2016, as they pay down debt each quarter, the stock will be able to go through a fairly significant re-rating. Institutions are going to have to take a look at this. A lot of money is going to come back into this name as the debt decreases. If they can pay down their debt, then somebody will buy them out.

Pharma & Healthcare

This is trading on 4X earnings and less than its projected 2016 BV. Stocks are never that cheap unless they don’t have an issue. This does have an issue, too much debt. Management has been appearing at conferences explaining they have made progress in paying down debt. Jason thinks that over 2016, as they pay down debt each quarter, the stock will be able to go through a fairly significant re-rating. Institutions are going to have to take a look at this. A lot of money is going to come back into this name as the debt decreases. If they can pay down their debt, then somebody will buy them out.

Pharma & Healthcare
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$43.690
Owned Owned
Yes

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BUY

A lot of this is financial services software. Very well-managed. Nice dividend. Because they pay out quite a bit, it’s not what he would consider as a high growth stock. This is a good stock, where you want some capital appreciation and some income. Doesn’t quite have the ROE he is looking for.

other services

A lot of this is financial services software. Very well-managed. Nice dividend. Because they pay out quite a bit, it’s not what he would consider as a high growth stock. This is a good stock, where you want some capital appreciation and some income. Doesn’t quite have the ROE he is looking for.

other services
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$36.920
Owned Owned
No

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BUY
Dollarama Inc.(DOL-T) 

March 7, 2016

An outstanding company. It has corrected, and he was buying some today. Attractive in the $75 range. The stock is expensive, but has a very high ROE. Thinks management can grow the stores from 1100 stores to 1500 over the next 2-3 years. Management is very sharp and on top of the details of their company.

Consumer Products

An outstanding company. It has corrected, and he was buying some today. Attractive in the $75 range. The stock is expensive, but has a very high ROE. Thinks management can grow the stores from 1100 stores to 1500 over the next 2-3 years. Management is very sharp and on top of the details of their company.

Consumer Products
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$75.970
Owned Owned
Yes

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COMMENT
Descartes(DSG-T) 

March 7, 2016

Has been a good company for the last 10 years, but their ROE is only about 12%-13%. He typically focuses on companies that have ROE’s of 22%-23%. This has the potential to have their ROE creep up, but to some extent the company is over capitalized. It has too much equity in relation to its profitability. Thinks it can do better.

computer software/processing

Has been a good company for the last 10 years, but their ROE is only about 12%-13%. He typically focuses on companies that have ROE’s of 22%-23%. This has the potential to have their ROE creep up, but to some extent the company is over capitalized. It has too much equity in relation to its profitability. Thinks it can do better.

computer software/processing
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$22.090
Owned Owned
Unknown

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HOLD
Enghouse Systems(ENGH-T) 

March 7, 2016

Sold his holdings, not because there was anything wrong with the business, but the stock just got expensive in relation to its growth rate. The stock is looking pretty rich. Fundamentally it is a great company and he thinks you will still make money on the stock. This is a Hold, but if it goes lower it would be a Buy.

computer software/processing

Sold his holdings, not because there was anything wrong with the business, but the stock just got expensive in relation to its growth rate. The stock is looking pretty rich. Fundamentally it is a great company and he thinks you will still make money on the stock. This is a Hold, but if it goes lower it would be a Buy.

computer software/processing
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$56.010
Owned Owned
No

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TOP PICK
CGI Group (A)(GIB.A-T) 

March 7, 2016

(A Top Pick Feb 5/15. Up 10.85%.) A great Steady Eddie. Sometimes has a little volatility, but recently put out a nice quarter. Recently announced they are buying back 7% of their stock from the Caisse de Depot. That will lower their denominators and ROE will be lower and will put EPS growth in. A great long-term holding, and will be for many years to come.

consulting

(A Top Pick Feb 5/15. Up 10.85%.) A great Steady Eddie. Sometimes has a little volatility, but recently put out a nice quarter. Recently announced they are buying back 7% of their stock from the Caisse de Depot. That will lower their denominators and ROE will be lower and will put EPS growth in. A great long-term holding, and will be for many years to come.

consulting
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$56.400
Owned Owned
Yes

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HOLD

A good little pharmaceutical company. Have done a lot of acquisitions. One concern is that over the last 4 years they keep growing, but we are not getting anything much happening on a per share basis. A lot of the CEO’s compensation is built around the size of the company, not on a per share basis, so if he doubles the size of the company he doubles his salary. Jason has 1 foot in the door and 1 foot out on this company.

other services

A good little pharmaceutical company. Have done a lot of acquisitions. One concern is that over the last 4 years they keep growing, but we are not getting anything much happening on a per share basis. A lot of the CEO’s compensation is built around the size of the company, not on a per share basis, so if he doubles the size of the company he doubles his salary. Jason has 1 foot in the door and 1 foot out on this company.

other services
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$2.010
Owned Owned
Yes

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TOP PICK
MTY Food Group(MTY-T) 

March 7, 2016

This company has all kinds of brands, a lot of them purchased from other people. The stock has been consolidating. He has known the company for 15 years, and ROE has never been below 20%. This is a royalty company, so relatively low risk. You are getting an un-levered 24% on average ROE each year. Trading at about 12.8X 2016 earnings. A very undervalued stock. A great stock to Buy and Hold.

food services

This company has all kinds of brands, a lot of them purchased from other people. The stock has been consolidating. He has known the company for 15 years, and ROE has never been below 20%. This is a royalty company, so relatively low risk. You are getting an un-levered 24% on average ROE each year. Trading at about 12.8X 2016 earnings. A very undervalued stock. A great stock to Buy and Hold.

food services
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$31.220
Owned Owned
Yes

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4 Comments

Lewis

June 27th 2013 at 11:39am

Good selections and comments make a lot of sense.

Peter Panda

June 28th 2014 at 11:19am

Just found this blog about Jason Donville. It's funny.

www.dontfuckwithdonville.blogspot.ca

Value Man

April 27th 2015 at 12:31pm

Mr Donville was on BNN The Close last Friday. He was recommending CGI (GIB.A), MDA & HCG again...

http://www.bnn.ca/Video/player.aspx?vid=599702

JaydoubleU

October 20th 2016 at 12:02am

Just had a look at that blog, www.dontfuckwithdonville.com. It's hilarious! Weird thing is, the guy seems to know Donville pretty well.


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