Teal Linde
Member since: Feb '14
Portfolio Manager & Publisher, Linde Equity Report at
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Latest Top Picks
(A Top Pick Jun 22/20, Up 64%) He would still be a buyer at this price. It has come back to where it was trading in prior years. They are embarking on a new energy project which is a major deal. 3000 barrels a day of a bio fuel that replaces diesel. The government is supporting the project, making it economical to the company. It could add 50 cents to the stock.
(A Top Pick Jun 22/20, Up 132%) He would be a buyer. There is a disconnect with lumber prices. It deserves to be a higher price than where it is now.
(A Top Pick Jun 22/20, Up 129%) He would recommend selling it. They are being bought out by another bank so he is no longer interested in owning it.
Canadian banks have generally moved higher but in the short term they tend to play leapfrog. In recent years other have leapt ahead. (Analysts’ price target is $86.15)
It continues to grow revenue and earnings three times faster than the S&P and yet trades only at a 15% premium to it. It is going to post at least two years of strong growth. He thinks it is undervalued. (Analysts’ price target is $384.17)
Signal
Opinion
Expert
Chart
N/A
N/A
June 21, 2021
Market. The striking rally in the Canadian dollar is caused by the increase in commodity prices. The US dollar has fallen against the world's major oil currencies because of large money printing, massive deficits, and an unwinding of the safe haven trade. Investors experience the Canadian Market outperforming the US as well as the Canadian currency outperforming the US. If you are on the wrong side you are under-performing on both. The Canadian market under-performed the US market for 9 of the last 10 years. These periods tend to last 10 to 12 years during the last 35 years. If you believe the pattern is going to continue then this is going to be the decade where the Canadian market outperforms.
Show full opinionHide full opinion
Market. The striking rally in the Canadian dollar is caused by the increase in commodity prices. The US dollar has fallen against the world's major oil currencies because of large money printing, massive deficits, and an unwinding of the safe haven trade. Investors experience the Canadian Market outperforming the US as well as the Canadian currency outperforming the US. If you are on the wrong side you are under-performing on both. The Canadian market under-performed the US market for 9 of the last 10 years. These periods tend to last 10 to 12 years during the last 35 years. If you believe the pattern is going to continue then this is going to be the decade where the Canadian market outperforms.
BUY
BUY
June 21, 2021
A dividend increase is likely. They cut their dividend last year for the first time in 18 years. Oil is now priced at double their break even point. They know that shareholders like some returns. The CEO bought half a million worth of the stock earlier this month.
Show full opinionHide full opinionA dividend increase is likely. They cut their dividend last year for the first time in 18 years. Oil is now priced at double their break even point. They know that shareholders like some returns. The CEO bought half a million worth of the stock earlier this month.
integrated oils
COMMENT
COMMENT
June 21, 2021
All the carriers are offering 5G. He does not expect 5G will result in increased growth in any of the carriers. The biggest opportunity in 5G is a company that provides a 5G app, product or service that really takes advantage of 5G that everyone will want. He has not found such a company.
Show full opinionHide full opinionAll the carriers are offering 5G. He does not expect 5G will result in increased growth in any of the carriers. The biggest opportunity in 5G is a company that provides a 5G app, product or service that really takes advantage of 5G that everyone will want. He has not found such a company.
telephone utilities
HOLD
HOLD
June 21, 2021
There is always a risk when there is a buyout offer that the deal falls through, but in this case there are two bidders. You should hang on and see what the final decision is.
Show full opinionHide full opinionThere is always a risk when there is a buyout offer that the deal falls through, but in this case there are two bidders. You should hang on and see what the final decision is.
oil pipelines
HOLD
HOLD
June 21, 2021
It is the most discounted insurance company in Canada. It is trading at this level because it has been the performance laggard for quite some time. It has become a show-me story. However if you were going to buy an insurance company, this would be the one to buy. There is the chance of a bounce back or a trading opportunity. It has a decent dividend while you wait for an uptick.
Show full opinionHide full opinionIt is the most discounted insurance company in Canada. It is trading at this level because it has been the performance laggard for quite some time. It has become a show-me story. However if you were going to buy an insurance company, this would be the one to buy. There is the chance of a bounce back or a trading opportunity. It has a decent dividend while you wait for an uptick.
insurance
PARTIAL SELL
PARTIAL SELL
June 21, 2021
There has been a rally in AMZN-Q during the same period so he thinks it may be sector related. SHOP-T is not a buy given how much it has gone up. It is at 27 times next years expected revenue but AMZN-Q is at 3 times. It is only growing about 50-60% faster. He can't justify it. If you have owned it for a long time you might want to start taking profits.
There has been a rally in AMZN-Q during the same period so he thinks it may be sector related. SHOP-T is not a buy given how much it has gone up. It is at 27 times next years expected revenue but AMZN-Q is at 3 times. It is only growing about 50-60% faster. He can't justify it. If you have owned it for a long time you might want to start taking profits.
BUY
BUY
June 21, 2021
Both railways are good buys over the long run. The trucking industry is having difficulty keeping up because of a shortage of drivers (e.g. to drive gasoline to gas stations). The railway industry will continue to benefit as well as to better weather increasing fuel prices.
Show full opinionHide full opinionBoth railways are good buys over the long run. The trucking industry is having difficulty keeping up because of a shortage of drivers (e.g. to drive gasoline to gas stations). The railway industry will continue to benefit as well as to better weather increasing fuel prices.
Transportation
BUY
BUY
June 21, 2021
It is in the sweet spot, a cost profile with room for improvement and mines across 4 politically stable jurisdictions. It is his favourite gold stock in the sector.
Show full opinionHide full opinionIt is in the sweet spot, a cost profile with room for improvement and mines across 4 politically stable jurisdictions. It is his favourite gold stock in the sector.
Mining
COMMENT
COMMENT
June 21, 2021
Fabulous performer over many years. They recently announced a five year plan to double their business His only caution is that the valuation is about 40 times earnings. This helps in making acquisitions if you use your stock as capital, but if all these safety new features in vehicles start to work, it will not benefit this stock.
Show full opinionHide full opinionFabulous performer over many years. They recently announced a five year plan to double their business His only caution is that the valuation is about 40 times earnings. This helps in making acquisitions if you use your stock as capital, but if all these safety new features in vehicles start to work, it will not benefit this stock.
other services
PAST TOP PICK
PAST TOP PICK
June 21, 2021
(A Top Pick Jun 22/20, Up 64%) He would still be a buyer at this price. It has come back to where it was trading in prior years. They are embarking on a new energy project which is a major deal. 3000 barrels a day of a bio fuel that replaces diesel. The government is supporting the project, making it economical to the company. It could add 50 cents to the stock.
Show full opinionHide full opinion(A Top Pick Jun 22/20, Up 64%) He would still be a buyer at this price. It has come back to where it was trading in prior years. They are embarking on a new energy project which is a major deal. 3000 barrels a day of a bio fuel that replaces diesel. The government is supporting the project, making it economical to the company. It could add 50 cents to the stock.
PAST TOP PICK
PAST TOP PICK
June 21, 2021
(A Top Pick Jun 22/20, Up 132%) He would be a buyer. There is a disconnect with lumber prices. It deserves to be a higher price than where it is now.
Show full opinionHide full opinion(A Top Pick Jun 22/20, Up 132%) He would be a buyer. There is a disconnect with lumber prices. It deserves to be a higher price than where it is now.
west coast forestry
PAST TOP PICK
PAST TOP PICK
June 21, 2021
(A Top Pick Jun 22/20, Up 129%) He would recommend selling it. They are being bought out by another bank so he is no longer interested in owning it.
Show full opinionHide full opinion(A Top Pick Jun 22/20, Up 129%) He would recommend selling it. They are being bought out by another bank so he is no longer interested in owning it.
finance/leasing
DON'T BUY
DON'T BUY
June 21, 2021
He owned it a few years ago. It is a leader in refurbished used car parts. It turned out the acquisitions were not as economical as in the past. It recently ran up because the used car market is on fire. This will probably die down. It is because of supply shortages of new cars. Now there is a semiconductor shortage for new car manufacturing. He would not buy this one. He would prefer Premium Brands for growth by acquisition.
He owned it a few years ago. It is a leader in refurbished used car parts. It turned out the acquisitions were not as economical as in the past. It recently ran up because the used car market is on fire. This will probably die down. It is because of supply shortages of new cars. Now there is a semiconductor shortage for new car manufacturing. He would not buy this one. He would prefer Premium Brands for growth by acquisition.
Automotive
DON'T BUY
DON'T BUY
June 21, 2021
This is a growth by acquisition company that specializes in railway ties and has now expanded into utility poles. These are pretty mature markets. You want a combination of acquisitive growth and organic growth, so there are better opportunities elsewhere.
Show full opinionHide full opinionThis is a growth by acquisition company that specializes in railway ties and has now expanded into utility poles. These are pretty mature markets. You want a combination of acquisitive growth and organic growth, so there are better opportunities elsewhere.
misc industrial products
SELL
SELL
June 21, 2021
The Rogers/Shaw deal will most likely go through. It is already reflected in the share price. You could wait for the deal to close or just sell it now as there is not much more upside.
Cable
BUY
BUY
June 21, 2021
Canadian Banks. Generally are great long term holds. RY-T and TD-T are two he owns. BNS-T is also very attractive right now. For all of them, their loan growth is expected to increase as well as net interest margins increasing, they will benefit from releasing of credit reserves, and they have all this excess capital which they can deploy. They are the one sector you can hang onto indefinitely.
Show full opinionHide full opinionCanadian Banks. Generally are great long term holds. RY-T and TD-T are two he owns. BNS-T is also very attractive right now. For all of them, their loan growth is expected to increase as well as net interest margins increasing, they will benefit from releasing of credit reserves, and they have all this excess capital which they can deploy. They are the one sector you can hang onto indefinitely.
BUY
BUY
June 21, 2021
He still likes it. It is doing well now and will do so for the entire decade. There is lots of room for growth in their store base. E-commerce is becoming a large part of their business. It ran up a bit recently but he likes it long term.
Show full opinionHide full opinionHe still likes it. It is doing well now and will do so for the entire decade. There is lots of room for growth in their store base. E-commerce is becoming a large part of their business. It ran up a bit recently but he likes it long term.
Golds
SELL
SELL
June 21, 2021
They have done stunningly well over the last 20 years but for a large company it gets increasingly difficult to grow at decent rates, so he is thinking of selling it.
Show full opinionHide full opinionThey have done stunningly well over the last 20 years but for a large company it gets increasingly difficult to grow at decent rates, so he is thinking of selling it.
clothing stores
HOLD
HOLD
June 21, 2021
It is the one oil and gas exploration and production company that he has a lot of respect for. They have always been very disciplined with their cash flow and how they grow their business. They have enhanced oil recovery and their decline rate is not as high as their peers (upper teens).
Show full opinionHide full opinionIt is the one oil and gas exploration and production company that he has a lot of respect for. They have always been very disciplined with their cash flow and how they grow their business. They have enhanced oil recovery and their decline rate is not as high as their peers (upper teens).
Oil and Gas (Integrated Oils)
TOP PICK
TOP PICK
June 21, 2021
Canadian banks have generally moved higher but in the short term they tend to play leapfrog. In recent years other have leapt ahead. (Analysts’ price target is $86.15)
Show full opinionHide full opinionCanadian banks have generally moved higher but in the short term they tend to play leapfrog. In recent years other have leapt ahead. (Analysts’ price target is $86.15)
banks
TOP PICK
TOP PICK
June 21, 2021
It continues to grow revenue and earnings three times faster than the S&P and yet trades only at a 15% premium to it. It is going to post at least two years of strong growth. He thinks it is undervalued. (Analysts’ price target is $384.17)
Show full opinionHide full opinionIt continues to grow revenue and earnings three times faster than the S&P and yet trades only at a 15% premium to it. It is going to post at least two years of strong growth. He thinks it is undervalued. (Analysts’ price target is $384.17)
TOP PICK
TOP PICK
June 21, 2021
2019 was affected by a GM strike. In 2021 it is shaping up to be a full recovery as each of their three businesses are coming back. Insider buying activity further reinforces his positive view. (Analysts’ price target is $100.40)
2019 was affected by a GM strike. In 2021 it is shaping up to be a full recovery as each of their three businesses are coming back. Insider buying activity further reinforces his positive view. (Analysts’ price target is $100.40)
transportation equip & components
N/A
N/A
May 17, 2021
Market. There is reason to be more bullish on Canada. For 9 of the last 10 years the US market has outperformed the Canadian market. A lot of it was due to multiple expansion. Canada never experienced any of the multiple expansion. The US market could contract and then the Canadian market would outperform. Energy and materials are about 25% (vs. 5% in the US) of the market and during inflationary times these tend to do better. Banks are 20% of the TSX and do better in rising interest rates. He still sees value in Canadian banking stocks because of the tail winds: increasing loan growth, increasing interest margin, release of reserves and excess capital in the hands of the banks.
Show full opinionHide full opinionMarket. There is reason to be more bullish on Canada. For 9 of the last 10 years the US market has outperformed the Canadian market. A lot of it was due to multiple expansion. Canada never experienced any of the multiple expansion. The US market could contract and then the Canadian market would outperform. Energy and materials are about 25% (vs. 5% in the US) of the market and during inflationary times these tend to do better. Banks are 20% of the TSX and do better in rising interest rates. He still sees value in Canadian banking stocks because of the tail winds: increasing loan growth, increasing interest margin, release of reserves and excess capital in the hands of the banks.
PAST TOP PICK
PAST TOP PICK
May 17, 2021
(A Top Pick May 19/20, Up 78%) He would buy it again. It is probably only half way back to where it should be. It has significant upside. As production declines as they generate significant cash they should move to increased drilling activity.
Show full opinionHide full opinion(A Top Pick May 19/20, Up 78%) He would buy it again. It is probably only half way back to where it should be. It has significant upside. As production declines as they generate significant cash they should move to increased drilling activity.
oil/gas
PAST TOP PICK
PAST TOP PICK
May 17, 2021
(A Top Pick May 19/20, Up 191%) Lumber has become the hottest commodity. It is still not back to its 2018 high, which it should get to if lumber prices stay high.
Show full opinionHide full opinion(A Top Pick May 19/20, Up 191%) Lumber has become the hottest commodity. It is still not back to its 2018 high, which it should get to if lumber prices stay high.
west coast forestry
PAST TOP PICK
PAST TOP PICK
May 17, 2021
(A Top Pick May 19/20, Up 171%) When the pandemic started, restaurants were shut down. This was one of the best performing stocks over the last 20 years and he got his entry point last year. They have years of growth ahead though consolidation and expansion.
Show full opinionHide full opinion(A Top Pick May 19/20, Up 171%) When the pandemic started, restaurants were shut down. This was one of the best performing stocks over the last 20 years and he got his entry point last year. They have years of growth ahead though consolidation and expansion.
food services
TOP PICK
TOP PICK
May 17, 2021
This stock is only half way back to where it should get to because oil and gas prices are higher now than before the pandemic. (Analysts’ price target is $1.71)
Show full opinionHide full opinionThis stock is only half way back to where it should get to because oil and gas prices are higher now than before the pandemic. (Analysts’ price target is $1.71)
oil/gas
TOP PICK
TOP PICK
May 17, 2021
The opportunities are right for improvement. Seven operating mines over politically stable jurisdictions. It has the fastest growth profile over 3 years and yet it has one of the biggest discounts. The reason is because so much of their assets are tied up in future-dated projects. The opportunity is that 3 of 4 development projects are teed up to come on line over the next three years. As they reach milestones it will dissipate the discount on their share price. (Analysts’ price target is $17.89)
Show full opinionHide full opinionThe opportunities are right for improvement. Seven operating mines over politically stable jurisdictions. It has the fastest growth profile over 3 years and yet it has one of the biggest discounts. The reason is because so much of their assets are tied up in future-dated projects. The opportunity is that 3 of 4 development projects are teed up to come on line over the next three years. As they reach milestones it will dissipate the discount on their share price. (Analysts’ price target is $17.89)
Mining
TOP PICK
TOP PICK
May 17, 2021
It is one of the faster growing companies in Canada. They can accelerate their growth in the years ahead. They spent the last 35 years establishing themselves as a leader in Canada. They are entering the US at a time when ordering online is a more accepted way of ordering clothes. He is excited by this for the next decade. (Analysts’ price target is $37.50)
Show full opinionHide full opinionIt is one of the faster growing companies in Canada. They can accelerate their growth in the years ahead. They spent the last 35 years establishing themselves as a leader in Canada. They are entering the US at a time when ordering online is a more accepted way of ordering clothes. He is excited by this for the next decade. (Analysts’ price target is $37.50)
Golds
BUY
BUY
May 17, 2021
The dividend is very sustainable with a payout ratio of 25%. He has owned it for 2 to 3 years and they did everything they said they would. He considers it undervalued and a buy. They are in the process of selling one of their pipelines to reduce debt.
Show full opinionHide full opinionThe dividend is very sustainable with a payout ratio of 25%. He has owned it for 2 to 3 years and they did everything they said they would. He considers it undervalued and a buy. They are in the process of selling one of their pipelines to reduce debt.
BUY
BUY
May 17, 2021
MSFT-Q vs. AAPL-Q. They have a lot of similar strengths. They dominate their industries and have very loyal customers. They have good business models. AAPL-Q generates the vast majority of their profits from iPhones, which market may becoming saturated. MSFT-Q focuses on the commercial client. He thinks MSFT-Q will continue to grow faster than AAPL-Q will.
MSFT-Q vs. AAPL-Q. They have a lot of similar strengths. They dominate their industries and have very loyal customers. They have good business models. AAPL-Q generates the vast majority of their profits from iPhones, which market may becoming saturated. MSFT-Q focuses on the commercial client. He thinks MSFT-Q will continue to grow faster than AAPL-Q will.
computer software/processing
BUY
BUY
May 17, 2021
MSFT-Q vs. AAPL-Q. They have a lot of similar strengths. They dominate their industries and have very loyal customers. They have good business models. AAPL-Q generates the vast majority of their profits from iPhones, which market may becoming saturated. MSFT-Q focuses on the commercial client. He thinks MSFT-Q will continue to grow faster than AAPL-Q will.
MSFT-Q vs. AAPL-Q. They have a lot of similar strengths. They dominate their industries and have very loyal customers. They have good business models. AAPL-Q generates the vast majority of their profits from iPhones, which market may becoming saturated. MSFT-Q focuses on the commercial client. He thinks MSFT-Q will continue to grow faster than AAPL-Q will.
electrical/electronic
BUY
BUY
May 17, 2021
It was a Top Pick in December. It is off to a great start this year. It is a growth by acquisition company. Unlike lots of these kinds of companies they are also growing well organically. Acquiring Clear Water gave them access to global markets.
Show full opinionHide full opinionIt was a Top Pick in December. It is off to a great start this year. It is a growth by acquisition company. Unlike lots of these kinds of companies they are also growing well organically. Acquiring Clear Water gave them access to global markets.
food processing
BUY
BUY
May 17, 2021
Line five is in the news a lot. ENB-T is doing all they are required to do according to federal law. The state will have to prove its jurisdiction rights over the federal government. He thinks ENB-T will be able to operate line five for the foreseeable future. A lot of the mid-streamers are at or below where they were before the pandemic even though oil and gas prices are above where they were before the pandemic. It has a pretty secure yield.
Show full opinionHide full opinionLine five is in the news a lot. ENB-T is doing all they are required to do according to federal law. The state will have to prove its jurisdiction rights over the federal government. He thinks ENB-T will be able to operate line five for the foreseeable future. A lot of the mid-streamers are at or below where they were before the pandemic even though oil and gas prices are above where they were before the pandemic. It has a pretty secure yield.
oil/gas pipelines
WEAK BUY
WEAK BUY
May 17, 2021
The semiconductor industry is incredibly volatile, too much for the return, so he stays out of it. AMD-Q has been doing very well and tied or overtaken INTC-Q.
electrical/electronic
HOLD
HOLD
May 17, 2021
It is going to take a while for this airline to recover. About 30% of air travel is business and even more for AC-T. International and business travel have not come back. It will take two or three years for this one to get back to full recovery.
Show full opinionHide full opinionIt is going to take a while for this airline to recover. About 30% of air travel is business and even more for AC-T. International and business travel have not come back. It will take two or three years for this one to get back to full recovery.
Transportation
COMMENT
COMMENT
COMMENT
Transportation & Environmental Services
BUY
BUY
May 17, 2021
It has been a beneficiary of the pandemic. If you look at next year's expected earnings, it will be trading at the most attractive valuation based on PE, as long as it sustains its current 20% growth. It will take a breather and then will continue up. It is looking bullish.
Show full opinionHide full opinionIt has been a beneficiary of the pandemic. If you look at next year's expected earnings, it will be trading at the most attractive valuation based on PE, as long as it sustains its current 20% growth. It will take a breather and then will continue up. It is looking bullish.
specialty stores
WEAK BUY
WEAK BUY
May 17, 2021
He has had a lot of respect for them over the years. They have always been very well managed. Decline rates are among the best in the industry. If he had to buy an E&P company this would be it. He has had more success in the mid-streamers however.
Show full opinionHide full opinionHe has had a lot of respect for them over the years. They have always been very well managed. Decline rates are among the best in the industry. If he had to buy an E&P company this would be it. He has had more success in the mid-streamers however.
Oil and Gas (Integrated Oils)
DON'T BUY
DON'T BUY
May 17, 2021
The have a ten year plan to have a five million ounce per year production profile without opening any more mines. They will bring down capital expenditures. They will be generating a lot of cash but his opinion depends on what they will do with all that cash. It is hard for a company of this size to grow. The mid tier companies are in the sweet spot and that is where he looks. See his Top Picks today.
Show full opinionHide full opinionThe have a ten year plan to have a five million ounce per year production profile without opening any more mines. They will bring down capital expenditures. They will be generating a lot of cash but his opinion depends on what they will do with all that cash. It is hard for a company of this size to grow. The mid tier companies are in the sweet spot and that is where he looks. See his Top Picks today.
precious metals
DON'T BUY
DON'T BUY
May 17, 2021
They have really defied the odds. The valuation got so extreme and was based on success in China and Europe. TSLA-Q did succeed in expanding into these areas, however. He would look elsewhere for companies at a more reasonable valuation.
Show full opinionHide full opinionThey have really defied the odds. The valuation got so extreme and was based on success in China and Europe. TSLA-Q did succeed in expanding into these areas, however. He would look elsewhere for companies at a more reasonable valuation.
BUY
BUY
May 17, 2021
Telecom stocks are all reasonably attractive. There is not much growth, though. The dividend yields, however, are so rich you can get a good return just from the dividend.
Show full opinionHide full opinionTelecom stocks are all reasonably attractive. There is not much growth, though. The dividend yields, however, are so rich you can get a good return just from the dividend.
telephone utilities
BUY
BUY
May 17, 2021
It used to be growing the top line around 17%. Now they expect to do it at 20%, compounded, over five years. The pandemic has helped accelerate their use. He plans to keep it.
Show full opinionHide full opinionIt used to be growing the top line around 17%. Now they expect to do it at 20%, compounded, over five years. The pandemic has helped accelerate their use. He plans to keep it.
DON'T BUY
DON'T BUY
May 17, 2021
He does not own life insurance companies as they are the most commoditized form of insurance. The banks have done better than the insurance companies (11% vs. 5%) unless you are looking for a short term trade, he would favour a bank. (Analysts’ price target is $29.00)
Show full opinionHide full opinionHe does not own life insurance companies as they are the most commoditized form of insurance. The banks have done better than the insurance companies (11% vs. 5%) unless you are looking for a short term trade, he would favour a bank. (Analysts’ price target is $29.00)
insurance
N/A
N/A
December 21, 2020
Market. Over heating and froth does not necessarily point to a bear market. We have had 19 companies that more than doubled on their opening day after an IPO. We have not seen this since the tech bubble. The high valuations can point to a lot of downside when the bubble finally collapses. Governments are standing by with stimulus. We are at risk of a major sell off after the pandemic. But some factors are looking positive, such as an improving economy. The most optimistic trade is that the recession we had this year is a shock-to-the-system type of recession and typically have a lot of pent up demand released into the economy. At present, though we have further lockdowns announced, and we hear news of a new strains. We are not out of the woods yet.
Show full opinionHide full opinionMarket. Over heating and froth does not necessarily point to a bear market. We have had 19 companies that more than doubled on their opening day after an IPO. We have not seen this since the tech bubble. The high valuations can point to a lot of downside when the bubble finally collapses. Governments are standing by with stimulus. We are at risk of a major sell off after the pandemic. But some factors are looking positive, such as an improving economy. The most optimistic trade is that the recession we had this year is a shock-to-the-system type of recession and typically have a lot of pent up demand released into the economy. At present, though we have further lockdowns announced, and we hear news of a new strains. We are not out of the woods yet.
BUY
BUY
December 21, 2020
The dividend is safe. It was trading over a dollar earlier this year. Now the Prince George plant is running at full capacity. They are down because of nervousness over the high levels of debt. They are in the process of selling a pipeline that will take the debt load to a reasonable level. 5% dividend at less than a 30% debt level.
Show full opinionHide full opinionThe dividend is safe. It was trading over a dollar earlier this year. Now the Prince George plant is running at full capacity. They are down because of nervousness over the high levels of debt. They are in the process of selling a pipeline that will take the debt load to a reasonable level. 5% dividend at less than a 30% debt level.
WAIT
WAIT
December 21, 2020
MRU-T vs. EMP.A-T. Metro has been his favourite grocery stock for 15 years. Grocery are the stay-at-home stocks but as we exit the pandemic this is not where you want to be. Don’t buy until the rotation is completed.
MRU-T vs. EMP.A-T. Metro has been his favourite grocery stock for 15 years. Grocery are the stay-at-home stocks but as we exit the pandemic this is not where you want to be. Don’t buy until the rotation is completed.
food stores
WAIT
WAIT
December 21, 2020
MRU-T vs. EMP.A-T. Metro has been his favourite grocery stock for 15 years. Grocery are the stay-at-home stocks but as we exit the pandemic this is not where you want to be. Don’t buy until the rotation is completed.
MRU-T vs. EMP.A-T. Metro has been his favourite grocery stock for 15 years. Grocery are the stay-at-home stocks but as we exit the pandemic this is not where you want to be. Don’t buy until the rotation is completed.
food stores
BUY
BUY
December 21, 2020
He continues to see upside in it. It has a large debt load. Once this negative sentiment passes this company can go up. He is buying it.
Show full opinionHide full opinionHe continues to see upside in it. It has a large debt load. Once this negative sentiment passes this company can go up. He is buying it.
oil/gas
BUY
BUY
December 21, 2020
He considers it a buy still today. It has not recovered as much as the other three. It is because it is a specialty lumber products company. The price of lumber has been on a tear this year. The strike is no longer in place but it is trading lower than it was then. There has not been a single share sold by insiders this year. The risk/reward ratio looks quite attractive.
Show full opinionHide full opinionHe considers it a buy still today. It has not recovered as much as the other three. It is because it is a specialty lumber products company. The price of lumber has been on a tear this year. The strike is no longer in place but it is trading lower than it was then. There has not been a single share sold by insiders this year. The risk/reward ratio looks quite attractive.
west coast forestry
BUY
BUY
December 21, 2020
It had major pull backs in 2015 and 2018 because of rising rates but we don’t have these rising rates this year. There is a debate as to whether the future of Nat Gas is at risk but some forecast that consumption in the US will go up 40% in the next few years. It's a buying opportunity. You could get a 5% dividend and 3% growth.
Show full opinionHide full opinionIt had major pull backs in 2015 and 2018 because of rising rates but we don’t have these rising rates this year. There is a debate as to whether the future of Nat Gas is at risk but some forecast that consumption in the US will go up 40% in the next few years. It's a buying opportunity. You could get a 5% dividend and 3% growth.
oil/gas pipelines
BUY
BUY
December 21, 2020
He has his eyes on it. It is on the short list for tech companies. They are in touch with 40% of tech companies around the world as potential customers. They only have a 10% penetration of their products within their customers. They have more credibility today because of the cloud. They should be able to achieve a decent organic growth rate in addition to their acquisitions strategies.
Show full opinionHide full opinionHe has his eyes on it. It is on the short list for tech companies. They are in touch with 40% of tech companies around the world as potential customers. They only have a 10% penetration of their products within their customers. They have more credibility today because of the cloud. They should be able to achieve a decent organic growth rate in addition to their acquisitions strategies.
computer software/processing
DON'T BUY
DON'T BUY
December 21, 2020
It is expensive. It is trading at 50 times revenues. Next year they are expected to grow 30%. They are the most capitalized company in Canada. Their main competitor is AMZN-Q and they are ten times larger. It might go sideways for a while because of the discounting of future earnings.
It is expensive. It is trading at 50 times revenues. Next year they are expected to grow 30%. They are the most capitalized company in Canada. Their main competitor is AMZN-Q and they are ten times larger. It might go sideways for a while because of the discounting of future earnings.
PAST TOP PICK
PAST TOP PICK
December 21, 2020
(A Top Pick Dec 16/19, Up 3%) It had a pretty bad year this year but then had a rally in November on news of a vaccine. They appear to be under earning. For the ROE to get back to its normalized level, earnings have to go up 18%. He considers it a buy.
Show full opinionHide full opinion(A Top Pick Dec 16/19, Up 3%) It had a pretty bad year this year but then had a rally in November on news of a vaccine. They appear to be under earning. For the ROE to get back to its normalized level, earnings have to go up 18%. He considers it a buy.
banks
PAST TOP PICK
PAST TOP PICK
December 21, 2020
(A Top Pick Dec 16/19, Up 25%) This is a bit of a surprise. It was their worst year ever in terms of revenue. It was attractively priced when he chose it. The tech sector has been a big winner this year. They were expected to benefit from what was going on. Sentiment moved the share price in the short term. Revenue and earnings decelerated but sentiment in the sector was up.
Show full opinionHide full opinion(A Top Pick Dec 16/19, Up 25%) This is a bit of a surprise. It was their worst year ever in terms of revenue. It was attractively priced when he chose it. The tech sector has been a big winner this year. They were expected to benefit from what was going on. Sentiment moved the share price in the short term. Revenue and earnings decelerated but sentiment in the sector was up.
Business Services
PAST TOP PICK
PAST TOP PICK
December 21, 2020
(A Top Pick Dec 16/19, Up 36%) It looked like their revenues would be flat but they are up 22%. FB users increased 9-12%. They grow at a 20% clip. It is still attractive.
Show full opinionHide full opinion(A Top Pick Dec 16/19, Up 36%) It looked like their revenues would be flat but they are up 22%. FB users increased 9-12%. They grow at a 20% clip. It is still attractive.
DON'T BUY
DON'T BUY
December 21, 2020
They did very well last decade. He is concerned that half of their business is municipal busses. Half the funding comes from federal government. The FAST act ended in 2020 which funded city buses. He would avoid a company that is that dependant on federal funding for selling their products.
Show full opinionHide full opinionThey did very well last decade. He is concerned that half of their business is municipal busses. Half the funding comes from federal government. The FAST act ended in 2020 which funded city buses. He would avoid a company that is that dependant on federal funding for selling their products.
Automotive
HOLD
HOLD
December 21, 2020
Top pick in May, up 161%. It is pricing in a nearly full recovery. It has run up to where it was. It is not an attractive buy today. He plans to hang on to it.
Show full opinionHide full opinionTop pick in May, up 161%. It is pricing in a nearly full recovery. It has run up to where it was. It is not an attractive buy today. He plans to hang on to it.
food services
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