Andrey Omelchak

They lost a big contract last week, but this is an isolated incident (to be confirmed). The company they lost the contact to had lost their spectrum to SpaceX over regulatory reasons. The rest of MDA's business is intact and should not be negatively impacted. The huge backlog from other clients should make up the lost capacity, though may see less business from the U.S. MDA should be fine going forward.

Huge fan. The downturn is a blip and a major buying opportunity. The market misperceives that AI will hurt vertical market software companies. No, it's the complete opposite whereby these companies will benefit from AI a lot. You can't displace these companies easily. We will see serious margin expansion and an uptick in innovation.

They have a big M&A pipeline and can continue to deploy capital. It sold off, because they bought 2 large companies and they take a while to integrate, a few quarters. Will be fine after this integration.

A solid hold. Don't buy aggressively. Multiples are high, but execution phenomenal and will continue to. Margins will continue to expand. They are innovative. 

Over 12 months, Aecon could do better. It's more exposed to Canada, more revenues from Canada, whereas Atkins sees more global revenues. But 20% of Atkins' revenues come from nuclear which is booming. Atkins trades at a discount to peers. Aecon's backlog will expand a lot from Build Canada.

Over 12 months, Aecon could do better. It's more exposed to Canada, more revenues from Canada, whereas Atkins sees more global revenues. But 20% of Atkins' revenues come from nuclear which is booming. Atkins trades at a discount to peers. Aecon's backlog will expand a lot from Build Canada.

Has been great long-term. Likes that the payback from new store openings has been very high. They don't open that many stores as peers, but still significant. It's a retailer though, and things can change long term. Yes, discretionary spending is the first to go in an economic downturn, but just as important is the Coolness Factor. Is this cool? Look at same-store sales growth and their marketing strategy. ATZ is doing the right things. A solid hold for now.

Can't tell their future, but don't underestimate Elon Musk. How big can their energy storage get? But this trades at a very high 200x PE. Can't recommend one way or the other. CSU is a safer bet.

Likes it a lot. AI will benefit vertical market software companies and hurt only those companies doming something simple on the surface. The market has it wrong about AI and software. Lumine will see margins expand, and has many opportunities to buy companies. In the past year, they made a buy purchase and increased margins in a short period of time.

Is cheap, considering the quality of the business. Have a lot of growth opportunities in the U.S. in sureties. They compound its book value at 15-17% annually for years to come. They lead in combined ratios. Is a prime take-out target. Is not worried about Trump who is focused on other industries, not insurance.

Shares are flat, but the company has done well the past 12 months. Topline is doing well as are Brazil operations. Margins are expanding. You need patience.

A solid hold. Demand for their chips is not going anywhere, peers can't catch up and their technology remains advanced. Earnings are following the stock price. Accumulate this carefully on pullbacks, like now. The PE is not low, can be volatile, so don't buy a full position just yet.

Are the biggest in North America and boast a top management team. Business is doing very well. Will be margin expansion. They are not overbuilding. 8% of business is from data centres. 10% is from Canada, but will accelerate if the Build Canada bill goes ahead. Still trades at an attractive PE.

It lost its Coolness factor as reflected in same-store sales. They need to make customers excited about their clothes again, and this will be difficult. At best, hold a partial position. Best to wait for a comeback to enter.