Teal Linde
Member since: Feb '14
Portfolio Manager & Publisher, Linde Equity Report at
Linde Equity Report
Linde Equity Report
682 Opinions
Latest Top Picks
(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.
(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.
(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.
It is the only publically traded gold producers that has the following: It is in the sweet spot in terms of size as a mid-tier, it has a cost structure that has room for improvement, it has multiple producing assets all in politically stable jurisdictions, it offers fully funded growth projects, it has high insider ownership at 8.5%, and it has proven leadership. It just announced acquisition of Premier Gold. It trades at a discount. (Analysts’ price target is $22.75)
US citizens are turning 65 at an alarming rate and many are purchasing private health insurance called Medicare advantage. It is the fastest growing form of health insurance This company provides an unbiased comparison of available policies from multiple providers. 25 times forward earnings.
Signal
Opinion
Expert
Chart
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 opinion
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.
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
HOLD
HOLD
December 21, 2020
It is in two businesses – data security for companies and in the auto sector for the connected car. They complete with data security against MSFT-Q with products offered almost for free and the other is PANW-N who announces business they took away from competitors. If they can grow the auto business, that has upside. It is going to take time because it is in the early stages. It is a hold if you are patient.
It is in two businesses – data security for companies and in the auto sector for the connected car. They complete with data security against MSFT-Q with products offered almost for free and the other is PANW-N who announces business they took away from competitors. If they can grow the auto business, that has upside. It is going to take time because it is in the early stages. It is a hold if you are patient.
electrical/electronic
N/A
N/A
December 21, 2020
January selling? Will re-balancing portfolios cause a selling off of some FANG stocks? He does not think there will be a lot of tax loss selling and January selling he does not think will move share prices.
Show full opinionHide full opinionJanuary selling? Will re-balancing portfolios cause a selling off of some FANG stocks? He does not think there will be a lot of tax loss selling and January selling he does not think will move share prices.
TOP PICK
TOP PICK
December 21, 2020
It is the only publically traded gold producers that has the following: It is in the sweet spot in terms of size as a mid-tier, it has a cost structure that has room for improvement, it has multiple producing assets all in politically stable jurisdictions, it offers fully funded growth projects, it has high insider ownership at 8.5%, and it has proven leadership. It just announced acquisition of Premier Gold. It trades at a discount. (Analysts’ price target is $22.75)
It is the only publically traded gold producers that has the following: It is in the sweet spot in terms of size as a mid-tier, it has a cost structure that has room for improvement, it has multiple producing assets all in politically stable jurisdictions, it offers fully funded growth projects, it has high insider ownership at 8.5%, and it has proven leadership. It just announced acquisition of Premier Gold. It trades at a discount. (Analysts’ price target is $22.75)
Mining
TOP PICK
TOP PICK
December 21, 2020
US citizens are turning 65 at an alarming rate and many are purchasing private health insurance called Medicare advantage. It is the fastest growing form of health insurance This company provides an unbiased comparison of available policies from multiple providers. 25 times forward earnings.
Show full opinionHide full opinionUS citizens are turning 65 at an alarming rate and many are purchasing private health insurance called Medicare advantage. It is the fastest growing form of health insurance This company provides an unbiased comparison of available policies from multiple providers. 25 times forward earnings.
insurance
TOP PICK
TOP PICK
December 21, 2020
They spent 30 years establishing themselves. COVID has validated E-commerce as a way to purchase apparel products. They can grow more quickly through E-commerce. The growth rate is going to propel earnings higher. The multiple could expand even further as they prove themselves in E-commerce. (Analysts’ price target is $27.06)
Show full opinionHide full opinionThey spent 30 years establishing themselves. COVID has validated E-commerce as a way to purchase apparel products. They can grow more quickly through E-commerce. The growth rate is going to propel earnings higher. The multiple could expand even further as they prove themselves in E-commerce. (Analysts’ price target is $27.06)
Golds
N/A
N/A
November 16, 2020
Market. Optimism on vaccine progress has been driving the markets since last Monday. Historically pandemics last one to two years and this one seems to be following that same pattern. There has been a lot of assistance this time around compared to history so we will see if businesses can hang in there. Stimulus is expected to be a little lighter. We should be able to get through this. With zero interest rates you HAVE to go to stocks, people think, and this is something to be concerned about. If there is a reversal and interest rates rise, you can imagine what would happen gradually to valuations. Interest rates starting to inch up would make the market go sideways for 3 to 4 years. Increasing interest rates or a decreasing US$ would require interest rates to go up. Make sure you have a portfolio that includes stocks that could handle rising interest rates.
Show full opinionHide full opinionMarket. Optimism on vaccine progress has been driving the markets since last Monday. Historically pandemics last one to two years and this one seems to be following that same pattern. There has been a lot of assistance this time around compared to history so we will see if businesses can hang in there. Stimulus is expected to be a little lighter. We should be able to get through this. With zero interest rates you HAVE to go to stocks, people think, and this is something to be concerned about. If there is a reversal and interest rates rise, you can imagine what would happen gradually to valuations. Interest rates starting to inch up would make the market go sideways for 3 to 4 years. Increasing interest rates or a decreasing US$ would require interest rates to go up. Make sure you have a portfolio that includes stocks that could handle rising interest rates.
WAIT
WAIT
November 16, 2020
He has been a fan for 15 years but regrets not buying it. It has run up more than Loblaws so he would not get it now. Wait for a rotation out of grocery stocks and then at that point he would prefer this one to L-T.
He has been a fan for 15 years but regrets not buying it. It has run up more than Loblaws so he would not get it now. Wait for a rotation out of grocery stocks and then at that point he would prefer this one to L-T.
food stores
HOLD
HOLD
November 16, 2020
The dividend is over 5% and the telecom industry is capital intensive. Continue to hold the stock. The dividend has been increasing for many years.
Show full opinionHide full opinionThe dividend is over 5% and the telecom industry is capital intensive. Continue to hold the stock. The dividend has been increasing for many years.
telephone utilities
WATCH
WATCH
November 16, 2020
He bought in 2015/16 and it moved up nicely and then went sideways for 2 to 3 years. This is its common pattern. It is on the tail end of a pretty big rise. It is probably due for another breather.
Show full opinionHide full opinionHe bought in 2015/16 and it moved up nicely and then went sideways for 2 to 3 years. This is its common pattern. It is on the tail end of a pretty big rise. It is probably due for another breather.
food services
BUY
BUY
November 16, 2020
It is doing very well. It as been a darling of the market. They are active and drilling 100 wells in the second half of this year and 225 next year. They have plans to increase revenues. There has been a lot of insider buying in this company.
Show full opinionHide full opinionIt is doing very well. It as been a darling of the market. They are active and drilling 100 wells in the second half of this year and 225 next year. They have plans to increase revenues. There has been a lot of insider buying in this company.
oil/gas
BUY
BUY
November 16, 2020
It sells off whenever interest rates increase. It is attractive to own. A biden government should help with demand for Canadian oil.
Show full opinionHide full opinionIt sells off whenever interest rates increase. It is attractive to own. A biden government should help with demand for Canadian oil.
oil/gas pipelines
SELL STRENGTH
SELL STRENGTH
November 16, 2020
Has recovered quite well. It has been the most impacted by the virus. On all fronts it got hit hard but the stock recovered with the anticipation of better times ahead, so he would suggest taking profits if you got it near the bottom.
Show full opinionHide full opinionHas recovered quite well. It has been the most impacted by the virus. On all fronts it got hit hard but the stock recovered with the anticipation of better times ahead, so he would suggest taking profits if you got it near the bottom.
entertainment services
DON'T BUY
DON'T BUY
November 16, 2020
It is a tech turn around stock. He would be wary of investing in a tech turnaround. You would be better looking in a cyclical industry where the industry is a tailwind.
Show full opinionHide full opinionIt is a tech turn around stock. He would be wary of investing in a tech turnaround. You would be better looking in a cyclical industry where the industry is a tailwind.
electrical/electronic
HOLD
HOLD
November 16, 2020
They have been hit hard. In 2008 these were the best performing sector. This year they have performed terribly. They are attractive given the dividend yields. He still owns some IPL-T. They cut their dividend and are working on a feed plant for recycled plastics. In the summer there was considerable insider buying. If you have it, consider it still a hold.
Show full opinionHide full opinionThey have been hit hard. In 2008 these were the best performing sector. This year they have performed terribly. They are attractive given the dividend yields. He still owns some IPL-T. They cut their dividend and are working on a feed plant for recycled plastics. In the summer there was considerable insider buying. If you have it, consider it still a hold.
oil pipelines
SELL
SELL
November 16, 2020
This is a stock he once owned. This is a tough industry. Both pharma and front store. He thinks there are better places to invest.
Show full opinionHide full opinionThis is a stock he once owned. This is a tough industry. Both pharma and front store. He thinks there are better places to invest.
specialty stores
PAST TOP PICK
PAST TOP PICK
November 16, 2020
(A Top Pick Nov 11/19, Down 17%) Their revenues and earnings will be up this year. Airlines are relying on government assistance to survive. They won't be able to get new planes after the pandemic and so AL-N will benefit as they will have to lease.
Show full opinionHide full opinion(A Top Pick Nov 11/19, Down 17%) Their revenues and earnings will be up this year. Airlines are relying on government assistance to survive. They won't be able to get new planes after the pandemic and so AL-N will benefit as they will have to lease.
Financial Services
PAST TOP PICK
PAST TOP PICK
November 16, 2020
(A Top Pick Nov 11/19, Up 45%) The outlook for advertising looked bad in the spring but now the revenue estimates have gone back up. It has been a huge comeback. It is still attractive and he considers it a buy.
Show full opinionHide full opinion(A Top Pick Nov 11/19, Up 45%) The outlook for advertising looked bad in the spring but now the revenue estimates have gone back up. It has been a huge comeback. It is still attractive and he considers it a buy.
PAST TOP PICK
PAST TOP PICK
November 16, 2020
(A Top Pick Nov 11/19, Down 1%) They announced unlimited data plans for all their subscribers. They took the hit up front unlike their competitors. The pandemic hurt their sports and radio and TV assets and so squeaked out a flat return for the year.
Show full opinionHide full opinion(A Top Pick Nov 11/19, Down 1%) They announced unlimited data plans for all their subscribers. They took the hit up front unlike their competitors. The pandemic hurt their sports and radio and TV assets and so squeaked out a flat return for the year.
Cable
DON'T BUY
DON'T BUY
November 16, 2020
The valuation is really sky high right now. They are a competitor to AMZN-Q. It is discounting years of growth into the future. You can't justify any further upside.
The valuation is really sky high right now. They are a competitor to AMZN-Q. It is discounting years of growth into the future. You can't justify any further upside.
HOLD
HOLD
November 16, 2020
It has been a phenomenal winner over the long term. Stocks don't go up in a straight line. The valuation got a little rich about 2-4 years ago. There is slowly growing concern about their business model. They get a large percentage of profits from fuel sales and cigarette sales. You will be fine for now but in ten years there could be mostly electric cars.
Show full opinionHide full opinionIt has been a phenomenal winner over the long term. Stocks don't go up in a straight line. The valuation got a little rich about 2-4 years ago. There is slowly growing concern about their business model. They get a large percentage of profits from fuel sales and cigarette sales. You will be fine for now but in ten years there could be mostly electric cars.
food stores
HOLD
HOLD
November 16, 2020
They just announced third quarter results. Earnings are second highest since 2018 when the stock was $2. They do specialty lumber and they are diversified, so they move more gently. The valuation is attractive. The dividend should come back.
Show full opinionHide full opinionThey just announced third quarter results. Earnings are second highest since 2018 when the stock was $2. They do specialty lumber and they are diversified, so they move more gently. The valuation is attractive. The dividend should come back.
west coast forestry
DON'T BUY
DON'T BUY
November 16, 2020
WiFi free globally is quite a concept. This would be a problem for the telecom sector, but it is a ways out. They decided they wanted to become a conglomerate in media. Their results have been mediocre. Their businesses don't work well together. 5G is not the hot seller they anticipated. There is no killer app that works only on 5G only.
Show full opinionHide full opinionWiFi free globally is quite a concept. This would be a problem for the telecom sector, but it is a ways out. They decided they wanted to become a conglomerate in media. Their results have been mediocre. Their businesses don't work well together. 5G is not the hot seller they anticipated. There is no killer app that works only on 5G only.
Telecommunications
BUY
BUY
November 16, 2020
An amazing company over the years. The stock has come off and the valuation is the lowest it has been in 6 years. The pandemic has hurt their sales and earnings. Give it a couple of quarters and the numbers will start to look better. It is the most attractive it has been for a number of years.
Show full opinionHide full opinionAn amazing company over the years. The stock has come off and the valuation is the lowest it has been in 6 years. The pandemic has hurt their sales and earnings. Give it a couple of quarters and the numbers will start to look better. It is the most attractive it has been for a number of years.
food processing
HOLD
HOLD
November 16, 2020
It is such a large, diversified business that where they have difficulties, the rest of the business offsets it. 8.5% dividend and they will generate a 5% free cash flow yield in a couple of years. Line 5 is just under 5% of their 2022 earnings.
Show full opinionHide full opinionIt is such a large, diversified business that where they have difficulties, the rest of the business offsets it. 8.5% dividend and they will generate a 5% free cash flow yield in a couple of years. Line 5 is just under 5% of their 2022 earnings.
oil/gas pipelines
TOP PICK
TOP PICK
November 16, 2020
If you could buy only one gold stock, make it this one. This is the sweet spot because it is mid-tier. It is not too big to grow, nor risky because of being too small. You don’t want the highest cost producer because it will have mines it probably should not have, nor the lowest cost because they don’t have room for improvement in cost structure. You want to own a company with multiple assets and in jurisdictions that are politically stable. You want them to have growth. You want to see high insider ownership and proven leadership. This is EQX-T. (Analysts’ price target is $23.25)
Show full opinionHide full opinionIf you could buy only one gold stock, make it this one. This is the sweet spot because it is mid-tier. It is not too big to grow, nor risky because of being too small. You don’t want the highest cost producer because it will have mines it probably should not have, nor the lowest cost because they don’t have room for improvement in cost structure. You want to own a company with multiple assets and in jurisdictions that are politically stable. You want them to have growth. You want to see high insider ownership and proven leadership. This is EQX-T. (Analysts’ price target is $23.25)
Mining
TOP PICK
TOP PICK
November 16, 2020
They just announced joint acquisition of Clearwater SeaFoods. It brings harvesting into the organization. 90% of Clearwater's product is sold internationally while PBH-T sells only within Canada and the US. It turns them into a global player. (Analysts’ price target is $109.75)
They just announced joint acquisition of Clearwater SeaFoods. It brings harvesting into the organization. 90% of Clearwater's product is sold internationally while PBH-T sells only within Canada and the US. It turns them into a global player. (Analysts’ price target is $109.75)
food processing
TOP PICK
TOP PICK
November 16, 2020
Natural gas prices are stronger and drilling activity is picking up now. It is at the same price as 6 months ago.
Show full opinionHide full opinionNatural gas prices are stronger and drilling activity is picking up now. It is at the same price as 6 months ago.
oil/gas
N/A
N/A
June 22, 2020
Market. P/E multiples are near record highs. Look at the last bull market. The S&P increased 16% annualized. There were some strong tail winds that don’t exist now. The market will probably be lack-lustre for several years. 40% of the upside in the last bull market was from multiple expansion. 25% of the gains were from pre-tax profit margin expansion. There were tax breaks contributing 10%. None of the factors contributing to these exist now. Consolidators should do well going forward. The economic pie is not going to grow that much. Disruptors should also do well. Both are taking more of a pie that is not growing.
Show full opinionHide full opinionMarket. P/E multiples are near record highs. Look at the last bull market. The S&P increased 16% annualized. There were some strong tail winds that don’t exist now. The market will probably be lack-lustre for several years. 40% of the upside in the last bull market was from multiple expansion. 25% of the gains were from pre-tax profit margin expansion. There were tax breaks contributing 10%. None of the factors contributing to these exist now. Consolidators should do well going forward. The economic pie is not going to grow that much. Disruptors should also do well. Both are taking more of a pie that is not growing.
HOLD
HOLD
June 22, 2020
It is a hold like most utilities. Canadian utilities cleaned up their balance sheets since the last recession and then used them to acquire US companies. This has largely been played out now. The CEO has recently stepped down and this creates uncertainty.
It is a hold like most utilities. Canadian utilities cleaned up their balance sheets since the last recession and then used them to acquire US companies. This has largely been played out now. The CEO has recently stepped down and this creates uncertainty.
electrical utilities
BUY
BUY
June 22, 2020
They are using Huawei to a great extent. Are they a good investment? There is now better appreciation for their stability during the pandemic. BCE-T is the steady blue chip of the sector while T-T is more of a grower. There is also a lot of insider buying of T-T over the years. He would prefer T-T. He would not be too concerned with use of Huawei. We are now moving away from globalization. There won't be enough impact to dissuade someone from investing in either of them.
They are using Huawei to a great extent. Are they a good investment? There is now better appreciation for their stability during the pandemic. BCE-T is the steady blue chip of the sector while T-T is more of a grower. There is also a lot of insider buying of T-T over the years. He would prefer T-T. He would not be too concerned with use of Huawei. We are now moving away from globalization. There won't be enough impact to dissuade someone from investing in either of them.
telephone utilities
BUY
BUY
June 22, 2020
They are using Huawei to a great extent. Are they a good investment? There is now better appreciation for their stability during the pandemic. BCE-T is the steady blue chip of the sector while T-T is more of a grower. There is also a lot of insider buying of T-T over the years. He would prefer T-T. He would not be too concerned with use of Huawei. We are now moving away from globalization. There won't be enough impact to dissuade someone from investing in either of them.
They are using Huawei to a great extent. Are they a good investment? There is now better appreciation for their stability during the pandemic. BCE-T is the steady blue chip of the sector while T-T is more of a grower. There is also a lot of insider buying of T-T over the years. He would prefer T-T. He would not be too concerned with use of Huawei. We are now moving away from globalization. There won't be enough impact to dissuade someone from investing in either of them.
telephone utilities
BUY WEAKNESS
BUY WEAKNESS
June 22, 2020
Despite being up 100% over the last few weeks, it is not back to where it was in January, so there is more upside. The book value also suggests upside. You could buy some today or wait for a pullback.
Show full opinionHide full opinionDespite being up 100% over the last few weeks, it is not back to where it was in January, so there is more upside. The book value also suggests upside. You could buy some today or wait for a pullback.
oil/gas
HOLD
HOLD
June 22, 2020
Tech stocks have done very well this year. Many are seeing revenue and earnings outlooks looking down, but MSFT-Q is the exception. It is a stock you want to own for stability and durability; however he would leave it as a hold at this point.
Show full opinionHide full opinionTech stocks have done very well this year. Many are seeing revenue and earnings outlooks looking down, but MSFT-Q is the exception. It is a stock you want to own for stability and durability; however he would leave it as a hold at this point.
computer software/processing
BUY
BUY
June 22, 2020
It has considerable upside to get back to where it was. We should be less concerned now than we were when the economy was getting shut down. They say they are generating 80% of what they were previously by increasing prices, increasing turns, and there is greater activity on take out and pick up. This is his choice for investing in the recovery.
Show full opinionHide full opinionIt has considerable upside to get back to where it was. We should be less concerned now than we were when the economy was getting shut down. They say they are generating 80% of what they were previously by increasing prices, increasing turns, and there is greater activity on take out and pick up. This is his choice for investing in the recovery.
food services
BUY
BUY
June 22, 2020
He prefers services companies to producers. Existing wells decline quickly. Services companies have gear that you don’t have to worry about it declining. Insiders have been buying more recently. This one could be the last one standing.
Show full opinionHide full opinionHe prefers services companies to producers. Existing wells decline quickly. Services companies have gear that you don’t have to worry about it declining. Insiders have been buying more recently. This one could be the last one standing.
oil/gas field services
PAST TOP PICK
PAST TOP PICK
June 22, 2020
(A Top Pick Jun 24/19, Down 22%) Going forward they are in the enviable position amongst competitors. The average age of aircraft leased to airlines is 3.7 years. Older planes are retired first. So they will hang on to their AL-N aircrafts. Airlines will be in a weaker position to purchase aircraft so will be more likely to lease them.
Show full opinionHide full opinion(A Top Pick Jun 24/19, Down 22%) Going forward they are in the enviable position amongst competitors. The average age of aircraft leased to airlines is 3.7 years. Older planes are retired first. So they will hang on to their AL-N aircrafts. Airlines will be in a weaker position to purchase aircraft so will be more likely to lease them.