Opinions by Stephen Takacsy, B. Eng, MBA | StockChase
475
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr

ON STOCKCHASE SINCE May 2013

Lester Asset Management
1800 McGill College AvenueSuite 2102Montreal, QuH3A 3J6
T: 514.849.5566 F: 514.849.4016
https://www.lesterasset.com/Home

475
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr

ON STOCKCHASE SINCE May 2013

Lester Asset Management
1800 McGill College AvenueSuite 2102Montreal, QuH3A 3J6
T: 514.849.5566 F: 514.849.4016
https://www.lesterasset.com/Home


Opinions by Stephen Takacsy, B. Eng, MBA


Signal Opinion Expert Chart
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General Market Comment 

December 11, 2017

Market.  There is a lot of speculation on Bitcoin, Crypto currency and Marijuana, where valuations make no sense and this is a sign of a top.  Lots of money is going into ETFs with companies that may have no earnings.  Once a manager gets too big they become the index and so cannot beat it.  There are a lot of smaller managers that can easily beat the market over the long term.  He is holding more cash in his funds than normal bit he is seeing a lot opportunities as money moves into ETFs and out of mid and small cap stocks. 

Market.  There is a lot of speculation on Bitcoin, Crypto currency and Marijuana, where valuations make no sense and this is a sign of a top.  Lots of money is going into ETFs with companies that may have no earnings.  Once a manager gets too big they become the index and so cannot beat it.  There are a lot of smaller managers that can easily beat the market over the long term.  He is holding more cash in his funds than normal bit he is seeing a lot opportunities as money moves into ETFs and out of mid and small cap stocks. 

Unknown
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$0.020
Owned Owned
_N/A

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TOP PICK
Badger Daylighting(BAD-T) 

December 11, 2017

It had an attack from the shorts but they failed to convince the market.  2/3ds of their business is in the US where they are just discovering hydrovacing.  They generate great free cash flow and are very well managed.  Buy it and sock it away.  (Analysts’ target: $37.00).

oil/gas

It had an attack from the shorts but they failed to convince the market.  2/3ds of their business is in the US where they are just discovering hydrovacing.  They generate great free cash flow and are very well managed.  Buy it and sock it away.  (Analysts’ target: $37.00).

oil/gas
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$28.140
Owned Owned
Yes

Must be logged in to use chart
PAST TOP PICK
Boralex Inc.(BLX-T) 

December 11, 2017

(A Top Pick Dec 12/16, Up 41%)  They now have big projects in Scotland.  They are extremely well managed.  It is one of his top holdings and he continues to like the space.  There is a lot more growth ahead of it.

electrical utilities

(A Top Pick Dec 12/16, Up 41%)  They now have big projects in Scotland.  They are extremely well managed.  It is one of his top holdings and he continues to like the space.  There is a lot more growth ahead of it.

electrical utilities
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$23.630
Owned Owned
Yes

Must be logged in to use chart
WAIT

(Market Call Minute)  Management is doing a great job in a tough business.  The stock got way ahead of itself.  They had a few hiccups in the last quarter.  Wait for the price to come down before owning this stock.

breweries/beverages

(Market Call Minute)  Management is doing a great job in a tough business.  The stock got way ahead of itself.  They had a few hiccups in the last quarter.  Wait for the price to come down before owning this stock.

breweries/beverages
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$3.480
Owned Owned
No

Must be logged in to use chart
WATCH

He just started looking at this company.  He is very intrigued by this company.  It was getting ahead of itself at $2.  They have a huge backlog.  He is having a careful look at it.

Transportation

He just started looking at this company.  He is very intrigued by this company.  It was getting ahead of itself at $2.  They have a huge backlog.  He is having a careful look at it.

Transportation
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$2.200
Owned Owned
No

Must be logged in to use chart
BUY
Baylin Technologies(BYL-T) 

December 11, 2017

He has been following it since they went public.  New management a few years ago were impressive.  They finally raised money a month ago and he bought 5% of the company.  They really got their costs down.  There is a new cycle of product sales happening.  They are a world leader in wireless antenna technology.  It is trading at a really low multiple.

He has been following it since they went public.  New management a few years ago were impressive.  They finally raised money a month ago and he bought 5% of the company.  They really got their costs down.  There is a new cycle of product sales happening.  They are a world leader in wireless antenna technology.  It is trading at a really low multiple.

0
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$2.530
Owned Owned
Yes

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BUY on WEAKNESS
CAE Inc(CAE-T) 

December 11, 2017

(Market Call Minute)  A great company that he likes.  It is always a bit pricey but he would not hesitate to buy to weakness.

transportation equip & components

(Market Call Minute)  A great company that he likes.  It is always a bit pricey but he would not hesitate to buy to weakness.

transportation equip & components
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$22.400
Owned Owned
No

Must be logged in to use chart
HOLD
CCL Industries (B)(CCL.B-T) 

December 11, 2017

A great company.  He sold it last year because it was getting a little expensive.  There is reasonable organic growth but it is mostly acquisition growth.  There are more acquisitions to be done in that space yet.

packaging/containers

A great company.  He sold it last year because it was getting a little expensive.  There is reasonable organic growth but it is mostly acquisition growth.  There are more acquisitions to be done in that space yet.

packaging/containers
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$59.050
Owned Owned
No

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HOLD

It has come down recently mainly because all of the north American broadcasting stocks got pummeled with all the cord cutting.  However they did have advertizing revenue growth and also subscriber growth because of the adding of the DIS-N channels.  He thinks the stock won’t go anywhere but you collect your dividend.  They have to focus on paying down debt and invest wisely so they own more of their content.  The Shaw family is hanging on also.

entertainment services

It has come down recently mainly because all of the north American broadcasting stocks got pummeled with all the cord cutting.  However they did have advertizing revenue growth and also subscriber growth because of the adding of the DIS-N channels.  He thinks the stock won’t go anywhere but you collect your dividend.  They have to focus on paying down debt and invest wisely so they own more of their content.  The Shaw family is hanging on also.

entertainment services
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$11.680
Owned Owned
Unknown

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DON'T BUY

(Market Call Minute)  It is a very capital intensive business and they lost their monopoly on scallops in the North Sea.

Financial Services

(Market Call Minute)  It is a very capital intensive business and they lost their monopoly on scallops in the North Sea.

Financial Services
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$7.790
Owned Owned
No

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BUY
D-Box Technologies(DBO-T) 

December 11, 2017

They are just breaking even but cash flow positive.  They not only sell motion systems but also lease them.  You have to look at gross sales as well as rental income.  They have a version in the reclining movie theatre seats now.  He expects some big orders from AMC-N.

Consumer Products

They are just breaking even but cash flow positive.  They not only sell motion systems but also lease them.  You have to look at gross sales as well as rental income.  They have a version in the reclining movie theatre seats now.  He expects some big orders from AMC-N.

Consumer Products
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$0.320
Owned Owned
Unknown

Must be logged in to use chart
DON'T BUY
Dollarama Inc.(DOL-T) 

December 11, 2017

It is a very expensive stock.  These things are priced for perfection.  They missed some estimates by a few pennies recently and the stock dropped $30 and then rocketed right back up the same day.  He thinks the multiple is quite expensive.  You need to wait for an overcorrection.

Consumer Products

It is a very expensive stock.  These things are priced for perfection.  They missed some estimates by a few pennies recently and the stock dropped $30 and then rocketed right back up the same day.  He thinks the multiple is quite expensive.  You need to wait for an overcorrection.

Consumer Products
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$156.000
Owned Owned
No

Must be logged in to use chart
TOP PICK

The only other publicly traded company other than ADW.A-T in wine.  Legislation in Ontario allows wine to be sold in grocery stores.  This is going to grow significantly.  But DWS-X also sells most of their production to a Chinese exporter.  It has higher growth potential than Brick Brewing (BRB-T).  (Analysts’ target: $0.40).

The only other publicly traded company other than ADW.A-T in wine.  Legislation in Ontario allows wine to be sold in grocery stores.  This is going to grow significantly.  But DWS-X also sells most of their production to a Chinese exporter.  It has higher growth potential than Brick Brewing (BRB-T).  (Analysts’ target: $0.40).

0
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$0.325
Owned Owned
Yes

Must be logged in to use chart
STRONG BUY
Goodfood Market Corp.(FOOD-T) 

December 11, 2017

He has been accumulating stock and really likes the company.  Canada has a long way to go to catch up to Europe and the US.  They just moved into a new Montreal facility.  They are moving out west next year.  If you get in now you should make a lot of money.  It is a great subscription model.

food processing

He has been accumulating stock and really likes the company.  Canada has a long way to go to catch up to Europe and the US.  They just moved into a new Montreal facility.  They are moving out west next year.  If you get in now you should make a lot of money.  It is a great subscription model.

food processing
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$2.110
Owned Owned
Yes

Must be logged in to use chart
PAST TOP PICK
Input Capital Corp(INP-X) 

December 11, 2017

(A Top Pick Dec 12/16, Down 17%)  They are growing very quickly.  They can command a higher price for canola.  They are now at 2% of the market so there is tremendous growth potential.  They just instituted a dividend last year and are now buying back shares on the market.  There will be growth there for the foreseeable future.

(A Top Pick Dec 12/16, Down 17%)  They are growing very quickly.  They can command a higher price for canola.  They are now at 2% of the market so there is tremendous growth potential.  They just instituted a dividend last year and are now buying back shares on the market.  There will be growth there for the foreseeable future.

0
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$1.660
Owned Owned
Yes

Must be logged in to use chart
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