Opinions by Bruce Campbell (2) | StockChase
1014
Bruce Campbell (2)

President & Portfolio Manager

ON STOCKCHASE SINCE Oct 2013

Stone Castle Investment Management Inc.
205-1708 Dolphin AvenueKelowna, BCV1Y 9S4
T: 1-250-448-6475
http://www.stonecastlefunds.ca


Opinions by Bruce Campbell (2)


Signal Opinion Expert Chart

2017-11-08

N/A
A Comment -- General Comments From an Expert 

Market. Has a top-down process where he is always trying to figure out whether he is offense or defence. Came into the year on offense, and moved into defence late spring/early summer. Recently a lot of his technical indicators have improved again, so has moved the portfolios back to offense around the beginning of September, and went from having a fairly high cash position to being fully invested. One indicator is "sentiment" which is hitting highs. Sentiment is a contrarian indicator, so he is always watching this. When it gets pushed to extremes, either to the downside or the upside, it tends to be a signal. You can't really time off of it, so you can't time a portfolio and decide now is the time to go to cash. However, it can be an alarm or a warning that there could be a bit of a pullback in the future.

Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $0.020
Owned: _N/A

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2017-11-08

COMMENT
Air Canada (AC-T)

Just reported earnings, which is what started the decline in the stock price, although thinks it had more to do with sentiment and what happened with the actual numbers. He is watching earnings numbers and trends and what happens with them. They basically met their numbers, but after the company reported, the consensus and expectations were so high they ended up disappointing. As the numbers keep getting revised up, expectations get higher and higher. Eventually they hit the numbers, but can't make everyone happy, so the stock price started to sell off. He sold his holdings just before the numbers came out, because it started to break down technically. It probably goes through a period of sideways before the next leg higher, providing earnings are higher.

Transportation
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $23.850
Owned: No

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2017-11-08

COMMENT
Aurora Cannabis (ACB-T)

Building a massive facility in Edmonton. A little ahead of itself on valuation. Still has a lot of work to do to build that facility, and to get it up and running. However, they are very well-capitalized and have done deals globally, and are selling into other countries. This will probably be one of the leaders.

Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $3.920
Owned: No

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2017-11-08

COMMENT
Alaris Royalty (AD-T)

Has fallen to its lowest level in a year, as a result of a Q3 loss. What surprised the market was the write-down they took on an investment. Most people thought they were going to continue to work it out and get something resolved. Going forward, most people are looking for them to continue to clear the decks for underperforming investments they've had, and the next step is what they are doing with new investments. Thinks the market is watching to see the new investment they did 3 months ago, and if the next one is the same rate and, if a trend, are they investing at lower rates than in the past, and if it's private equity big money, the effect on businesses. He is just watching to see what they do with the next deal where they deploy capital, and what rate it's at.

Financial Services
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $18.630
Owned: Unknown

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2017-11-08

COMMENT
Aveda Trans. & Energy Services (AVE-X)

This business is interesting, especially if you look at 2 data points. One is the number of rigs that are working in the US, and 2 is the price of oil. They’ve been trying to consolidate a fairly fragmented business in the US. US energy companies are looking for service companies that are bigger and can operate in more territory, not necessarily mom-and-pop operations. The new management comes from big oil companies and have relationships. He expects the numbers, when they report, will be fairly good.

Oil and Gas (Integrated Oils)
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $0.600
Owned: Unknown

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2017-11-08

TOP PICK
Bewhere Holdings Inc (BEW-X)

In asset tracking. Started off with Bluetooth tracking where they would attach the device to something, and via Bluetooth, it would tell you where your asset was. Now they’ve moved into Low Power Wide Area Network, so basically a cellular chip, like a Sim card, which you are going to plug in. This expands the whole territory of where it can be monitored and where it can be monitored from. Cellular companies in the US are super excited about this, because everyone has cell phones. They can basically add a lot of new subscribers by basically charging $3, $4, $5 a month to track a shipping container, jackhammer, etc. They've signed deals with Bell and Wall Way out of the US, and are testing now with the big US carriers. This is just the start of where they are going to start ramping up.

Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $0.470
Owned: Yes

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2017-11-08

PAST TOP PICK
Grande West Transportation Group (BUS-X)

(A Top Pick Nov 16/16. Up 92%.) This has continued to do really well. Looking at the evolution, they started off in Canada getting small orders from regional transit authorities, and then would come back with multiple orders for them. They continue to work their way through Canada, and are now in the US with their "Buy in US" certification. They just got a US order 450 buses, and are starting to do the exact same thing in the US.

Transportation
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $2.670
Owned: Yes

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2017-11-08

PARTIAL BUY
CCL Industries (B) (CCL.B-T)

Probably one of the very few success stories in Canada, as far as making acquisitions, having synergies from those acquisitions, and then rinse and repeat. From a long-term perspective, management has done a fantastic job, and the stock goes higher over time. In the shorter term, they’re going to be no different than any other company. They are going to sort of bump around with their quarterly earnings. In the most recent earnings, they were lower than the street had anticipated, so the stock sold off. It is probably getting into a fairly good range now. If you don't own the stock, consider buying a half position now and then watch to add the other half if it pulls back.

packaging/containers
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $58.680
Owned: Unknown

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2017-11-08

PAST TOP PICK
CRH Medical Corp. (CRH-T)

(A Top Pick Nov 16/16. Down 71%.) A few things happened. Have had 2 reimbursement cuts. Hasn’t affecting earnings yet, but it will. It’s been an acquisition story and they’ve been buying anaesthesiology clinics using their stock as currency. That becomes difficult now because of the low stock price.

biotechnology/pharmaceutical
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $2.180
Owned: No

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2017-11-08

COMMENT
Intact Financial (IFC-T)

Switch bank stocks to this company? This is going to be a little more volatile than the banks. It has been a great, long term stock. Every time there is a natural disaster, everyone is worried about what is going to happen, and they just increase their premiums, and make more money the following year.

insurance
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $103.310
Owned: Unknown

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2017-11-08

COMMENT
Greenspace Brands Inc (JTR-X)

A really interesting company. Had an announcement out today about their brands starting to gain traction. Expects this means that in the next quarter or 2, you are probably going to see a ramp up in earnings. This company has specialty organic brands. They’ve been basically buying the brands and integrating them into their distribution network. What he would like to see in order to take the stock from the level it's been, to a significantly higher level, it is for them to translate revenue to the bottom line, so that we would see a higher earnings number. We are probably not going to see that, but when it does happen, the stock should really take a jump. At that point in time, they would probably get taken out.

food services
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $1.350
Owned: Unknown

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2017-11-08

COMMENT
Linamar Corp (LNR-T)

Missed their earnings, so the market took it down significantly. It could have been oversold on the short term. Typically, with these types of scenarios, he usually gives it 3 days, and then looks at it. If he didn't own this and wanted to add, he would probably do it in thirds. One 3rd in a couple of days, another 3rd in probably a couple of weeks, and a final 3rd in about 2 months.

transportation equip & components
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $66.240
Owned: Unknown

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2017-11-08

COMMENT
Manulife Financial (MFC-T)

This is one he likes. If you have tracked this over the past year, you will notice that numbers, quarter by quarter, have been increasing. The numbers continue to track upwards. There is probably still room to grow. They are very big in asset management and continue to expand there.

insurance
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $26.380
Owned: Yes

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2017-11-08

COMMENT
Delta 9 Cannabis Inc (NINE-X)

Medical marijuana producer in Manitoba. This has certainly had a great debut. Just started trading this week. It shot up massively from where they last did their financing. Just did a distribution deal with Canopy (WEED-T). There are a lot of different M&A announcements coming out in this area. It looks like it might be a little ahead of itself, from a market cap perspective on the production they have. As well, he believes they need to raise money.

Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $3.250
Owned: Unknown

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2017-11-08

COMMENT
NYX Gaming Group Ltd (NYX-X)

This is being taken out with a cash offer. It had a big jump after the deal was announced. If you own, you could sell into the market right now, or wait until the cash offer comes through.

Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $1.930
Owned: Unknown

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