Steven Ko
President and Portfolio Manager at Steven Ko
Member since: Nov '18 · 20 Opinions
Rating Card
Premium content| All | 
Rating
| 
Big Win
| 
Win
| 
Neutral
| 
Loss
| 
Big Loss
|  |
|---|---|---|---|---|---|---|---|
| 0 | 3 20.00% | 3 20.00% | 0 0.00% | 5 33.33% | 4 26.67% | ||
| 1 Month | 0 | 0 0.00% | 0 0.00% | 0 0.00% | 2 66.67% | 1 33.33% | |
| 6 Months | 0 | 0 0.00% | 1 33.33% | 0 0.00% | 2 66.67% | 0 0.00% | |
| 12 Months | 0 | 1 33.33% | 1 33.33% | 0 0.00% | 1 33.33% | 0 0.00% | |
| 2 Years | 0 | 1 33.33% | 0 0.00% | 0 0.00% | 0 0.00% | 2 66.67% | |
| 5 Years | 0 | 1 33.33% | 1 33.33% | 0 0.00% | 0 0.00% | 1 33.33% |
Stock Opinions by Steven Ko
COMMENT
He is sitting back and processing the violent selloff in tech stocks recently. He is surprised we have not seen a bounce in the market yet. As a value investor he likes the buying opportunities. The US Fed announcement this week towards being neutral has caused investors to become frigidity. The S&P500 PE ratio shows the market is expensive especially with interest rates near historic lows, so he expects “gentle headwinds” going forward.
COMMENT
COMMENT
How do you stay disciplined? – He suggests having a checklist. Look for companies that can protect high earning growth returns. Does the company deploy capital in an intelligent way? Does the company re-invest cash-flow to grow the company? Lastly, look for opportunity to purchase value – the lower the price relative to its intrinsic value.
COMMENT
Are Canadian banks good value? – They are currently good buys and recent quarterly earnings are good. BNS-T had great international growth. The group trades at a discount to the long term PE. They are an oligopoly in the Canadian space – a strong position. The banks have done a good job at risk control.
DON'T BUY
Anytime a stock trades less than 4 times earnings, it usually foretells doom. The new CEO has restructured the balance sheet and now they have $2 billion of net cash, which is good. The flash memory product has faced headwinds. He thinks this is trading at too high a value still.
computer software
processing
HOLD
They have raised dividends, which signals confidence by management – who also owns the majority of shares. It has a service advantage and get loan turnarounds quickly. Brokers have technological advantages and there is reoccurring capital. Once a mortgage is closed it becomes highly visible and it shows the cash flow path.
Financial Services
