Stock Opinions by Stephen Takacsy, B. Eng, MBA - Stockchase Experts
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Stephen Takacsy, B. Eng, MBA @

On Stockchase since : May 2013

Chief Investment Officer & Portfolio Mgr at Lester Asset Management

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Stephen Takacsy, B. Eng, MBA Latest Top Picks...

Stock Opinions by Stephen Takacsy, B. Eng, MBA - Stockchase Experts

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General Market Comment 

January 28, 2019

Market. Speculative manias coming into the markets are usually indicative of a top. Global markets are slowing down and NASAQ companies get 44% of their sales from global markets. It was bound to happen that companies would guide down. We saw a bit of a rebound this year but now you are seeing companies impacted by a higher US$ and trade wars slowing growth. CAT-N is feeling the pinch. Canada is his focus. He thinks there have been bargains in Canada for the last few years. Last fall there was indiscriminant selling that created real bargains. He is sticking to sectors that are not that cyclical and have low sensitivity to the Canadian consumer like wine, retirement residences, cemeteries, etc. They are recession resistant.
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Market. Speculative manias coming into the markets are usually indicative of a top. Global markets are slowing down and NASAQ companies get 44% of their sales from global markets. It was bound to happen that companies would guide down. We saw a bit of a rebound this year but now you are seeing companies impacted by a higher US$ and trade wars slowing growth. CAT-N is feeling the pinch. Canada is his focus. He thinks there have been bargains in Canada for the last few years. Last fall there was indiscriminant selling that created real bargains. He is sticking to sectors that are not that cyclical and have low sensitivity to the Canadian consumer like wine, retirement residences, cemeteries, etc. They are recession resistant.
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$0.000
Owned Owned
_N/A

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BUY
Solium Capital Inc(SUM-T) 

January 28, 2019

Managed software for employee stock purchase programs. They are the world leaders. It is his fifth biggest position. You are going to see recurring revenues ramp up over the next year or two. Profit margins are increasing also. They are reasonably priced. They will continue to grow.
communications/media
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Managed software for employee stock purchase programs. They are the world leaders. It is his fifth biggest position. You are going to see recurring revenues ramp up over the next year or two. Profit margins are increasing also. They are reasonably priced. They will continue to grow.
communications/media
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$13.190
Owned Owned
Yes

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BUY
Third largest holding. They have a 45% market share. They deliver proportioned meals to your door. There is zero wastage. It reduces your carbon footprint. All the packaging is recyclable. Margins are much healthier. They are growing quickly and the stocks is reasonably priced.
food processing
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Third largest holding. They have a 45% market share. They deliver proportioned meals to your door. There is zero wastage. It reduces your carbon footprint. All the packaging is recyclable. Margins are much healthier. They are growing quickly and the stocks is reasonably priced.
food processing
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$3.500
Owned Owned
Yes

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DON'T BUY
Quebecor Inc (B)(QBR.B-T) 

January 28, 2019

He bought the bonds over the years. He used to own the stock. They were playing catch-up when they developed their wireless market. They still have to reinvest a lot of money into their network. The easy money has been made. They are limited in their market in Quebec.
publishing/printing
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He bought the bonds over the years. He used to own the stock. They were playing catch-up when they developed their wireless market. They still have to reinvest a lot of money into their network. The easy money has been made. They are limited in their market in Quebec.
publishing/printing
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$30.510
Owned Owned
No

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BUY
The symbol changed last year. He has a big position (about 7% of the company). They are signing up a lot of new business. The volumes are rising nicely and they are in the process of building a new facility. This is the year for the company to really shine. It pays a nice dividend. Some countries are banning the chemical process.
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The symbol changed last year. He has a big position (about 7% of the company). They are signing up a lot of new business. The volumes are rising nicely and they are in the process of building a new facility. This is the year for the company to really shine. It pays a nice dividend. Some countries are banning the chemical process.
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$0.000
Owned Owned
Yes

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BUY
Dollarama Inc.(DOL-T) 

January 28, 2019

The stock got hammered. It is a good buying opportunity. He thinks same store sales will climb back up. There is still more growth ahead of them. It is a great time to buy it.
Consumer Products
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The stock got hammered. It is a good buying opportunity. He thinks same store sales will climb back up. There is still more growth ahead of them. It is a great time to buy it.
Consumer Products
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$35.330
Owned Owned
Yes

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BUY
Centric Health(CHH-T) 

January 28, 2019

It will be the turnaround story for 2019. They are cutting costs in the pharma business. They have these surgery clinics that are up for sale. The market is speculating that they will get a really good price for them. They will pay down most of their debt. They may become more of a takeover target in a couple of years.
other services
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It will be the turnaround story for 2019. They are cutting costs in the pharma business. They have these surgery clinics that are up for sale. The market is speculating that they will get a really good price for them. They will pay down most of their debt. They may become more of a takeover target in a couple of years.
other services
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$0.365
Owned Owned
Unknown

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BUY on WEAKNESS
Fortis Inc.(FTS-T) 

January 28, 2019

It is a nice safe hiding place in these markets. Utilities are still not cheap, but as rates will not be rising, this will be a good place to park money for the long term. Presumably the dividend will be rising each year. Buy it on a dip.
electrical utilities
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It is a nice safe hiding place in these markets. Utilities are still not cheap, but as rates will not be rising, this will be a good place to park money for the long term. Presumably the dividend will be rising each year. Buy it on a dip.
electrical utilities
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$46.420
Owned Owned
Unknown

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PAST TOP PICK
Baylin Technologies(BYL-T) 

January 28, 2019

(A Top Pick Jan 29/18, Down 4%) It has become his largest position, making it 5% of the company. They are going to benefit from a huge amount of infrastructure spending over the next 25 years. They are supplying WiFi networks also. They made two transformative acquisitions last year and they should see benefits this year. It is one of the nicest growth stories over the next few years.
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(A Top Pick Jan 29/18, Down 4%) It has become his largest position, making it 5% of the company. They are going to benefit from a huge amount of infrastructure spending over the next 25 years. They are supplying WiFi networks also. They made two transformative acquisitions last year and they should see benefits this year. It is one of the nicest growth stories over the next few years.
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$3.820
Owned Owned
Yes

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PAST TOP PICK
Plaza Retail REIT(PLZ.UN-T) 

January 28, 2019

(A Top Pick Jan 29/18, Down 0.03%) They are ecommerce-proof. Tenants such as Shoppers Drugmart. They are a developer so they add value. They have 25 projects in the pipeline. He thinks this is a real bargain. They steadily increased the dividend for 15 years.
REAL ESTATE
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(A Top Pick Jan 29/18, Down 0.03%) They are ecommerce-proof. Tenants such as Shoppers Drugmart. They are a developer so they add value. They have 25 projects in the pipeline. He thinks this is a real bargain. They steadily increased the dividend for 15 years.
REAL ESTATE
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$4.010
Owned Owned
Yes

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PAST TOP PICK
(A Top Pick Jan 29/18, Down 13%) It has held up well considering asset managers are hitting 52 week lows. It is worth about $34 so trades at a 33% discount. There is no debt. They buy back shares on a regular basis. Buy it on the dips.
Financial Services
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(A Top Pick Jan 29/18, Down 13%) It has held up well considering asset managers are hitting 52 week lows. It is worth about $34 so trades at a 33% discount. There is no debt. They buy back shares on a regular basis. Buy it on the dips.
Financial Services
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$22.950
Owned Owned
Yes

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BUY
Sobeys is the prime tenant. He owns the bonds but is looking at the stock. This is going to become a lot more of an actively managed company. They are looking at growing and diversifying the portfolio and so this could result in more growth in the future.
property mngmnt/investment
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Sobeys is the prime tenant. He owns the bonds but is looking at the stock. This is going to become a lot more of an actively managed company. They are looking at growing and diversifying the portfolio and so this could result in more growth in the future.
property mngmnt/investment
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$13.670
Owned Owned
Unknown

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WATCH
He bought it last year but is under water. The company got the "Buy America" certification. He is disappointed with the order intake. It could be delays in setting up shop in the US. The frame of the bus is made in China and trade tensions/tariffs may be a factor. You should see good orders come in soon.
Transportation
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He bought it last year but is under water. The company got the "Buy America" certification. He is disappointed with the order intake. It could be delays in setting up shop in the US. The frame of the bus is made in China and trade tensions/tariffs may be a factor. You should see good orders come in soon.
Transportation
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$0.730
Owned Owned
Yes

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BUY
Cineplex Inc(CGX-T) 

January 28, 2019

Excellent management team – they have done all the right things. It got expensive and then the stock came down. The box-office has been very stable for decades. They added a lot of services. Now is a time to buy it. The game centers are where the growth will come from. It is at a neutral valuation and he does not see a lot of downside from here. (Analysts’ price target is $33.00)
other services
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Excellent management team – they have done all the right things. It got expensive and then the stock came down. The box-office has been very stable for decades. They added a lot of services. Now is a time to buy it. The game centers are where the growth will come from. It is at a neutral valuation and he does not see a lot of downside from here. (Analysts’ price target is $33.00)
other services
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$28.440
Owned Owned
Unknown

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DON'T BUY
They have prime real estate for the terminal. It is a one-commodity play – metallurgical coal. It has been a good buy on dips, but he thinks there are better opportunities out there.
investment companies/funds
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They have prime real estate for the terminal. It is a one-commodity play – metallurgical coal. It has been a good buy on dips, but he thinks there are better opportunities out there.
investment companies/funds
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$21.870
Owned Owned
No

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