Opinions by Veeral Khatri | StockChase
40
Veeral Khatri

Partner and Portfolio Manager

ON STOCKCHASE SINCE Feb 2017

JC Clark


Opinions by Veeral Khatri


Signal Opinion Expert Chart

2017-06-19

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

Markets.  It comes down to valuation.  With the market multiple at 20 times, it is rather rich.  He likes 15 to 20 times if there is 15-20 percent earnings growth.  Finding stocks is getting more challenging.  There is risk for Canadian stocks with changes to NAFTA.  It’s an overhang.  US investors are going to want to see some kind of resolution to NAFTA.  Stock picking is important as things are likely to go sideways over the summer.

Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $0.020
Owned: _N/A

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2017-06-19

DON'T BUY
Apple (AAPL-Q)

He owned it on and off over the last couple of years but it had a good run.  What is their next trick?  The question is what’s next and he does not have a good handle on what that is.  They have this huge loyal user base and he thinks there is a huge opportunity with APPs.  They need to be better at capturing services revenue.  He prefers GOOG-Q.  If AAPL-Q pulled back 10-15%, it would be a lot more palatable.

electrical/electronic
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $146.340
Owned: No

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2017-06-19

DON'T BUY
Alimentation Couche-Tard (B) (ATD.B-T)

He has been looking at it recently.  It is a very good business.  The valuation is rich as it always has been.  You are seeing the stock fall out of favour.  At some point electric vehicles should impact their business (5-10 years out).  If he saw a 10% pull back it would be interesting.

food stores
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $61.970
Owned: No

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2017-06-19

DON'T BUY
BHP Billiton Ltd. (BHP-N)

It is exposed to Met Coal.  There is a shortage so it seems attractive, but iron ore has a lot of supply coming on line.  At some point it will be a compelling buy, but we are not there yet.

other mines
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $34.910
Owned: Unknown

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2017-06-19

BUY
Brookfield Infrastucture Partners (BIP.UN-T)

[For a long term hold].  It is a fantastic long term hold.  Their fund managers are some of the smartest guys in the business.  It gives you exposure to a variety of infrastructure assets.  You get a nice 4% dividend yield.  He owns it through BAM.A-T because it is his preferred way to play it.

INDUSTRIAL PRODUCTS
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $53.950
Owned: No

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2017-06-19

DON'T BUY
Facebook (FB-Q)

It is not his preferred tech stock.  There is better value in things like GOOGL-Q.  FB-Q is in the early innings of monetizing Instagram.  It is just a case of what you want to pay for that growth.  30 times earnings for 20% earnings growth is not compelling to him.  He prefers GOOGL-Q.  He owns AMZN-Q as well.

Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $152.870
Owned: Yes

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2017-06-19

TOP PICK
Alphabet Inc (C) (GOOG-Q)

It is an interesting entry point with the selloff in tech.  There are a lot of secular tail winds.  A great stock to own long term.

Business Services
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $957.370
Owned: Yes

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2017-06-19

PAST TOP PICK
BSM Technologies (GPS-T)

(Top Pick Feb 28/17, Up 7%) There is some execution risk still, but he thinks they will eventually get there.  The real big driver for this is data capture.  There is a huge secular demand growth in North America.  The penetration rate is going to double over the next couple of years.  They have enough scale now.  It could get taken out over the next 2 years.

electrical/electronic
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $1.600
Owned: Yes

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2017-06-19

WATCH
MTY Food Group (MTY-T)

He has looked at it numerous times and balked at it each time.  It is a little expensive for a food corp. business.  He is playing the space through another one.  Wait for a pullback (10-15%) before getting into it.

food services
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $46.595
Owned: No

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2017-06-19

DON'T BUY
Neulion (NLN-T)

It is not a viable stock to look into.  He owned it at one point.  It is an interesting space, but unfortunately it has been a poorly executed story.  It is a bit of a ‘show me’ story.

communications/media
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $0.590
Owned: No

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2017-06-19

DON'T BUY
Pengrowth Energy (PGF-T)

They have an interesting group of assets, 20% Nat Gas, 50% oil. But the problem is their huge debt.  They need to sell assets down.  There is not a lot of production growth in their assets.

oil/gas
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $1.070
Owned: No

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2017-06-19

TOP PICK
Pembina Pipeline Corp (PPL-T)

He thinks the transaction with VSN-T is fantastic.  Cash flow per share will go up and it diversifies their hydrocarbon mix.  It replenishes the pipeline of growth projects for PPL-T.  Now they have over $20 billion in growth projects ahead of them.  (Analysts’ target: $50.00).

pipelines
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $43.630
Owned: Yes

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2017-06-19

PAST TOP PICK
Richards Packaging Income Fund (RPI.UN-T)

(Top Pick Feb 28/17, Up 25%) It is still not overvalued.  They generate a lot of cash flow and you get a 4.5% dividend which represents about a 50% payout.  They have a huge runway to make acquisitions in North America.  It is still one of his favourite names.

investment companies/funds
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $30.000
Owned: Yes

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2017-06-19

SPECULATIVE BUY
Shopify Inc. (SHOP-T)

It had a pullback off its highs as it got caught up in the tech sell off.  Short term it is a good buy, but it is an anti-value stock.  It is a very rich valuation.  It might be an interesting short term trade.

Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $119.900
Owned: No

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2017-06-19

WEAK BUY
Toronto Dominion (TD-T)

He is not that excited about Canadian banks, but owns a small position in this one.  He prefers US banks.  He likes TD-T because 35% of revenue comes from the US.  12 times earnings.  It might be an attractive entry point.

banks
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $65.460
Owned: Yes

Must be logged in to use chart
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