Opinions by Ross Healy | StockChase
2453
Ross Healy

Chairman

ON STOCKCHASE SINCE Oct 2000

Strategic Analysis Corp
20 Eglington Ave W. Suite 1400P.O.Box 2003Toronto, ONM4R 1K8
T: 416-489-3603 info@strategicanalysis.ca
http://www.strategicanalysis.ca/


Opinions by Ross Healy


Signal Opinion Expert Chart

2017-10-05

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

Market.The values aren’t really here for a long-sustained market ride. He would give the market 2%-3% more to go before it runs out of gas. However, it is grinding on, so what are people doing? There is an element saying they are going to buy ETF’s. Then there are other people asking where are the really good values? Banks and financials really stand out as being the cheapest group. The auto stocks have been really ground down in the last year or so, and statistically if their earnings hold where they are, they are actually a reasonable value. He is running about 30% cash.

Ross Healy

Chairman, Strategic Analysis Corp

Price: $0.020
Owned: _N/A

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2017-10-05

COMMENT
Amazon.com (AMZN-Q)

This company is the great disruptor. What is probably most interesting is that it is not technology, it is brilliant imagination. Everything is growing nicely, but what is the downside? The downside is, where are the earnings?

specialty stores
Ross Healy

Chairman, Strategic Analysis Corp

Price: $980.850
Owned: Unknown

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2017-10-05

COMMENT
Alimentation Couche-Tard (B) (ATD.B-T)

This is finished. It has a market cap of $32 billion. The problem is, it is so big that it is almost impossible to find anything that will really impact the earnings any more. It has had a long, successful run. There will be a lot of pressure on management to keep going. The catalyst has always been those big acquisitions. Now they have to be so big that they are almost impossible to find.

food stores
Ross Healy

Chairman, Strategic Analysis Corp

Price: $58.670
Owned: Unknown

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2017-10-05

COMMENT
Boeing (BA-N)

This has been buying back stock for a long period of time. As a result, the BV has actually been going down. He hates companies that do this. Trading at about 55X P/B. Intrinsic value is $125. This is not his idea of a good investment.

Transportation
Ross Healy

Chairman, Strategic Analysis Corp

Price: $258.890
Owned: Unknown

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2017-10-05

PAST TOP PICK
Bank of America (BAC-N)

(A Top Pick Dec 1/16. Up 22.91%.) This is still statistically cheap, and he still likes it.

banks
Ross Healy

Chairman, Strategic Analysis Corp

Price: $26.130
Owned: Yes

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2017-10-05

COMMENT
BCE Inc. (BCE-T)

The problem with this company is that it is running hard up against its FMV. Every time it has got there, it has quit and set back. Right now, that target is $65, so at the current price you got about 11% to go. After that, it is going to set back.

telephone utilities
Ross Healy

Chairman, Strategic Analysis Corp

Price: $58.760
Owned: Unknown

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2017-10-05

PAST TOP PICK
Chicago Bridge & Iron Co. (CBI-N)

(A Top Pick Dec 1/16. Down 51.44%.) When he picked this, it was cheap, had a good balance sheet and was in the right area of infrastructure spending. Then energy went for another dump in the tank, and none of the infrastructure spending ever came through.

REAL ESTATE
Ross Healy

Chairman, Strategic Analysis Corp

Price: $16.280
Owned: No

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2017-10-05

COMMENT
Canadian National R.R. (CNR-T)

You may get a little pop in this, but the problem is that it has reached a little beyond its intrinsic value. It is having a very hard time going anywhere at this juncture. He would be more on the side of trading out, looking for a bottom of around $75, rather than owning it.

Transportation
Ross Healy

Chairman, Strategic Analysis Corp

Price: $101.390
Owned: Unknown

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2017-10-05

COMMENT
CSX Corp (CSX-Q)

Hunter Harrison is certainly trying to bring his magic to the table, and this company has been moving up nicely. The stock is pretty much fully priced at the present time.

Transportation
Ross Healy

Chairman, Strategic Analysis Corp

Price: $52.350
Owned: Unknown

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2017-10-05

COMMENT
Dollarama Inc. (DOL-T)

This is not cheap. On a P/B basis, it is extremely expensive. He calculates it is about 40% overpriced. Be careful. Use a stop loss.

Consumer Products
Ross Healy

Chairman, Strategic Analysis Corp

Price: $137.900
Owned: Unknown

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2017-10-05

DON'T BUY
Enbridge (ENB-T)

The last time he recommended this was about 2 years ago when the stock took a real dive. Subsequent to that, the company got back up to its usual high valuation. It is now starting to roll over. It really doesn’t have much in the way of upside potential. Wait for another set back, or buy in slowly for the next 6 months where you might catch a nice low. Dividend yield of 4.7%.

oil/gas pipelines
Ross Healy

Chairman, Strategic Analysis Corp

Price: $52.120
Owned: Unknown

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2017-10-05

TOP PICK
Fortis Inc. (FTS-T)

Selling very, very close to its low P/B value for the past 10 years. The stock is cheap. A nice defensive company, but has some offensive qualities in a rising market. Dividend yield of 3.5%. (Analysts’ price target is $50.)

electrical utilities
Ross Healy

Chairman, Strategic Analysis Corp

Price: $45.220
Owned: Yes

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2017-10-05

TOP PICK
Home Capital Group (HCG-T)

He had been anxious to see how diluted the BV was going to be. Actually, not much happened. The balance sheet remains pretty much intact. Now that all the rubbish is behind them, the company can do what they were doing. Analysts are starting to get a little friskier with their earnings forecasts. In the next 6-12 months, he thinks we are going to see more and more upside momentum. On top of that, they may very well reinstate part of the dividend. The stock is trading at a huge discount to Book. (Analysts’ price target is $17.)

investment companies/funds
Ross Healy

Chairman, Strategic Analysis Corp

Price: $13.820
Owned: Yes

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2017-10-05

COMMENT
Honeywell International (HON-N)

This has pretty well got right up to very strong technical resistance where, for the past 10 years, they’ve never been able to crack through. Also, it has pretty much reached its FMV or intrinsic value. When you put those 2 together, you have a company that everybody loves, but it isn’t going anywhere.

mngmnt/diversified
Ross Healy

Chairman, Strategic Analysis Corp

Price: $143.070
Owned: Unknown

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2017-10-05

DON'T BUY
Johnson & Johnson (JNJ-N)

This has run out of upside potential. It also hit one of his very strong technical resistance points. A barrier that is very, very hard to overcome.

biotechnology/pharmaceutical
Ross Healy

Chairman, Strategic Analysis Corp

Price: $133.190
Owned: Unknown

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