Opinions by Mohsin Bashir | StockChase
391
Mohsin Bashir

VP Investments

ON STOCKCHASE SINCE Mar 2011

Stone Asset Management
info@highwatercapital.ca

391
Mohsin Bashir

VP Investments

ON STOCKCHASE SINCE Mar 2011

Stone Asset Management
info@highwatercapital.ca


Opinions by Mohsin Bashir


Signal Opinion Expert Chart
N/A
General Market Comment 

July 20, 2017

Markets.  He sees a little bit of opportunity in the TSX.  It did spectacularly well last year and it will be hard to replicate it.  The sectors that have outperformed the most are counter intuitive – utilities and telecommunication stocks.  They tend to be bond proxies and you won’t get the relative benefit in a rising rate environment.  He has seen opportunity in alternative energy, however.  We are trading at high PE multiples but we are having earnings grow into these multiples.  These may last for quite some time until there is a rollover of the cycle.  He would prefer financial services, and businesses that are tied to services in the industrial area.

Markets.  He sees a little bit of opportunity in the TSX.  It did spectacularly well last year and it will be hard to replicate it.  The sectors that have outperformed the most are counter intuitive – utilities and telecommunication stocks.  They tend to be bond proxies and you won’t get the relative benefit in a rising rate environment.  He has seen opportunity in alternative energy, however.  We are trading at high PE multiples but we are having earnings grow into these multiples.  These may last for quite some time until there is a rollover of the cycle.  He would prefer financial services, and businesses that are tied to services in the industrial area.

Unknown
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
BUY
Altagas Ltd(ALA-T) 

July 20, 2017

He has been adding to this one at these levels. He likes it because it gets painted with the same brush as other oil companies, but it is much more diversified. There is a high degree of certainty for their revenues and cash flows. There is high visibility. They are starting to amass assets in the alternative energy space.

oil/gas

He has been adding to this one at these levels. He likes it because it gets painted with the same brush as other oil companies, but it is much more diversified. There is a high degree of certainty for their revenues and cash flows. There is high visibility. They are starting to amass assets in the alternative energy space.

oil/gas
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$29.640
Owned Owned
Yes

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HOLD

It is being viewed as a REIT in many ways and being stagnated due to the rising rate environment.  Management are do a good job in terms of rates of return on invested capital.  He likes it as a long term core holding.

management/diversified

It is being viewed as a REIT in many ways and being stagnated due to the rising rate environment.  Management are do a good job in terms of rates of return on invested capital.  He likes it as a long term core holding.

management/diversified
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$50.240
Owned Owned
Unknown

Must be logged in to use chart
BUY

It has been a phoenix-like rise for the Canadian dollar recently.  Given the strength of the stock portfolio it is a pretty good purchase. 

insurance

It has been a phoenix-like rise for the Canadian dollar recently.  Given the strength of the stock portfolio it is a pretty good purchase. 

insurance
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$171.330
Owned Owned
Unknown

Must be logged in to use chart
SELL ON STRENGTH

He would not own it because he looks for risk adjusted growth opportunities.  This has been a damaged story because it is just too highly levered.  It is difficult to see oil prices high enough for them to appreciate.

oil/gas

He would not own it because he looks for risk adjusted growth opportunities.  This has been a damaged story because it is just too highly levered.  It is difficult to see oil prices high enough for them to appreciate.

oil/gas
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$3.160
Owned Owned
No

Must be logged in to use chart
BUY
CitiGroup(C-N) 

July 20, 2017

All of the US financials stand to benefit from a rising rate environment as well as a relaxed regulatory environment. This is the one he would think is more accelerated to these new environments. You should have US banks in your portfolio.

insurance

All of the US financials stand to benefit from a rising rate environment as well as a relaxed regulatory environment. This is the one he would think is more accelerated to these new environments. You should have US banks in your portfolio.

insurance
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$66.360
Owned Owned
Unknown

Must be logged in to use chart
BUY on WEAKNESS
Cineplex Inc(CGX-T) 

July 20, 2017

He likes the fact that it is a pretty recession-proof stock.  It is a lot more than movie tickets.  They have really built up gaming.  The PE has been high for quite some time.  It is not that elevated a PE considering its resilience, however.  It is a good idea to pick away at it.  You know you will keep getting dividend increases.

other services

He likes the fact that it is a pretty recession-proof stock.  It is a lot more than movie tickets.  They have really built up gaming.  The PE has been high for quite some time.  It is not that elevated a PE considering its resilience, however.  It is a good idea to pick away at it.  You know you will keep getting dividend increases.

other services
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$49.860
Owned Owned
Unknown

Must be logged in to use chart
PAST TOP PICK
CVS Health Corp(CVS-N) 

July 20, 2017

(Top Pick Aug 31/16, Down 15.40%) He really liked the uniqueness of the business model.  He got out.  It was unable to overcome the competitive threats.  It could benefit from a ‘Trump Bump’.

specialty stores

(Top Pick Aug 31/16, Down 15.40%) He really liked the uniqueness of the business model.  He got out.  It was unable to overcome the competitive threats.  It could benefit from a ‘Trump Bump’.

specialty stores
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$77.160
Owned Owned
No

Must be logged in to use chart
PAST TOP PICK
Emera Inc(EMA-T) 

July 20, 2017

(Top Pick Aug 31/16, Up 2.04%) He moved on because it was one of those bond-proxy type of names.  A 4.4% dividend, but there may not be any tailwind from here.

mngmnt/diversified

(Top Pick Aug 31/16, Up 2.04%) He moved on because it was one of those bond-proxy type of names.  A 4.4% dividend, but there may not be any tailwind from here.

mngmnt/diversified
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$47.270
Owned Owned
No

Must be logged in to use chart
BUY

A good long term hold.  It is a spectacular business.  They are at the forefront in terms of using artificial intelligence and big data analytics.  They keep re-inventing themselves.  He wishes they would pay a dividend.

Business Services

A good long term hold.  It is a spectacular business.  They are at the forefront in terms of using artificial intelligence and big data analytics.  They keep re-inventing themselves.  He wishes they would pay a dividend.

Business Services
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$992.190
Owned Owned
Unknown

Must be logged in to use chart
TOP PICK

It is the MacDonald’s of the vitamin business.  It is the number one Canadian consumer health brand.  They have more market share than their 5 biggest peers combined.  They have exposure in China.  He thinks it will be a success-IPO story like DOL-T.  It is now going to be a show-me story as they grow their top line.

It is the MacDonald’s of the vitamin business.  It is the number one Canadian consumer health brand.  They have more market share than their 5 biggest peers combined.  They have exposure in China.  He thinks it will be a success-IPO story like DOL-T.  It is now going to be a show-me story as they grow their top line.

0
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$17.050
Owned Owned
Yes

Must be logged in to use chart
TOP PICK

They are trying to be more and more tilted toward the US.  They are trying to get more regulatory approvals in the US, which will be a significant catalyst.  (Analysts’ target: $83.00).

computer software/processing

They are trying to be more and more tilted toward the US.  They are trying to get more regulatory approvals in the US, which will be a significant catalyst.  (Analysts’ target: $83.00).

computer software/processing
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$65.610
Owned Owned
Yes

Must be logged in to use chart
DON'T BUY

It was fairly unloved for some time and he took a position.  He bought it looking for a rising rate environment.  He started seeing technical indicators showing a resistance level about where it is now.  He decided to harvest the profits and move on to greater opportunities even though it seemed just to be forming a base.

insurance

It was fairly unloved for some time and he took a position.  He bought it looking for a rising rate environment.  He started seeing technical indicators showing a resistance level about where it is now.  He decided to harvest the profits and move on to greater opportunities even though it seemed just to be forming a base.

insurance
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$25.310
Owned Owned
No

Must be logged in to use chart
WATCH

He missed the bus on this one.  It has been a beneficiary of municipalities spending more on transportation.  They are securing long term contracts south of the border.  He would need to see a 10-15% pullback before trying to get into it now.

income trust

He missed the bus on this one.  It has been a beneficiary of municipalities spending more on transportation.  They are securing long term contracts south of the border.  He would need to see a 10-15% pullback before trying to get into it now.

income trust
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$51.340
Owned Owned
No

Must be logged in to use chart
PAST TOP PICK
Quanta Services(PWR-N) 

July 20, 2017

(Top Pick Aug 31/16, Up 16.91%) He has been accumulating more of this.  The management team has been pretty astute at picking away at assets.  There is some growth as well as the dividend.

REAL ESTATE

(Top Pick Aug 31/16, Up 16.91%) He has been accumulating more of this.  The management team has been pretty astute at picking away at assets.  There is some growth as well as the dividend.

REAL ESTATE
Mohsin Bashir

VP Investments, Stone Asset Manageme...

PricePrice
$32.750
Owned Owned
Yes

Must be logged in to use chart
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