Greg Newman

Believes it is too early to determine whether markets have reached a bottom. Predicting a 30% chance of recession. Market will have a soft landing. Thinks most portfolio managers have completed selling off stocks.

Believes Canadian energy & software are presenting value and buying opportunities. USA financials also presenting opportunity. Has increase equity holdings to approx 65% of portfolio. Good time to be buying undervalued stocks.

Believes Canadian energy can be major contributor to global energy security (ethically produced & alternative to Russia dependence). Strong financials with recent dividend increase and strong free cashflow yields. LNG exports starting to increase in Canada. Expecting 8% production growth.

Cheaper than competitor (Caterpillar). Company at intersection of energy mining, green energy & commodity demand. Strong financials and dividends. Cheap valuation at the moment, presenting a good buying opportunity.

6% dividend that is consistent and safe presenting opportunity for investors. Recent pipeline construction scheduled for completion on time. Strong financial metrics with reasonable trading multiple.

(A Top Pick May 21/21, Up 32%) Thought that as Covid-19 subsided, more customers would be shopping in physical stores. Ability to raise prices. Inflation turning customers to cheaper options. Trading multiples still have room for growth. Will continue to hold.

(A Top Pick May 21/21, Down 29%) Believed economy re-opening would be good for company. Inflation costs & continued knockdowns negatively affected growth. Strong company with good dividend. Excepting a major recession, will continue to hold.

(A Top Pick May 21/21, Down 7%) Still happy with the execution of the company. Expecting an increase in the dividend and continued stock buybacks. Current share price presenting good buying opportunity with recent selloff. Inflation will be good for heavy equipment manufactures (able to raise prices).

Likes the prospects of company going forward. Concerns of over investment in infrastructure not too much of a concern. Current trading multiples suggesting a good time to buy. Concerns of inflation and supply chain problems not too much of a worry.

Believes recent financial metrics better than market is recognizing. Financials and company operating metrics are strong. Current share price is presenting good buying opportunity. Even with fears of recession, good place to invest capital.

Share price still trading at a fairly high multiple. Expecting further growth in sales. Governance issues creating concerns for shareholders. Likes company and is a big supporter of Tobi Lutke. Is buying shares in company as thinks there is major upside.

Recent earnings very strong. Management navigating supply issues well. Stock trading multiples and active share buybacks. Modelling 92% EPS growth rate. Balance sheet has a fair amount of debt.

Privacy concerns will be headwind for the company. Recent earnings miss by YouTube a concern. Current trading multiples presenting a good buying opportunity. Presence of company in all aspects of daily life mean company has lots of paths to make money. Expecting company to be a good long time hold.

Company setup to access USA fund flows. Believes is a good way to be exposed to infrastructure. Company has been effective in M&A. Revenues are robust in inflationary times. Likes company and would recommend buying.

Believes company has been overlooked by investors. Company trading at a very cheap multiple. Risk is that company does not execute, or Russia tensions fall. Expecting company share price to increase if oil prices remain strong.