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Stock Opinions by Ross Healy

N/A
Market. There are two camps when it comes to market opinion. The first camp feels that the market might be a bit high and a correction may happen but otherwise it is upwards from here as the economy opens up. The other camp believes that a savage bear market lies ahead of us as valuations are so high. Once a bear market gets under way it would be hard to stop. He feels that a lot of investors have lost tack of how expensive the S&P actually is in price to book terms. Consider that the S&P is just 15% away from the same peak in price to book terms that it reached in 2000. After a 5000 level, he would be surprised if it can rise. He thinks the FED cannot afford another market sell off.
Unknown
BUY
Crude Target. The cure for low energy prices is low energy prices. Oil had low prices. There is now a shortage of oil. It has broken out of a long term downtrend. He sees the possibility of triple digit prices. Draw down has pushed oil prices down.
Unknown
RISKY BUY
It is a stock that is very cheap. With high energy prices, that has lifted all of these companies. It was as low as 10% of its book value. His fair market value has been going literally straight up. He would stay with it. He recommended it as a speculative buy a while ago as it made sense. He would prefer to buy a junior oil ETF rather than bet on one junior oil company.
oil / gas
BUY
Silver. It is a very cheap stock. There have been concerns about their African acquisition, but they feel it was a smart move. The important thing going forward is to get a hold of good quality reserves in the ground, so it was in fact a smart move. They also got a mine on the Ivory Coast which has good, high quality reserves. Long term it was a smart move for the stock. (Analysts’ price target is $9.84)
precious metals
BUY
It is in his model portfolio. Sooner or later he has been expecting some government infrastructure spending. The stock is not all that expensive. It has a nice balance sheet and has a decent yield. It is the type of thing you tuck away.
contractors
BUY

Silver. It is also an industrial metal so an improvement in the economy should put up the price of silver. The relationship to gold is still on the low side of their relationship to gold over the very long term. He would prefer FVI-T (Fortuna) because it is so much cheaper. (Analysts’ price target is $7.60)

precious metals
PAST TOP PICK
(A Top Pick Jul 17/20, Up 34%) There is no reason to sell it. The shares remain cheap and offer an excellent yield. They offer good upside potential.
insurance
PAST TOP PICK
(A Top Pick Jul 17/20, Up 27%) It was cheap and was a nice yield play. It has paid off quite nicely. He suspects there is further to go in pipelines in general. They have a nice balance sheet.
pipelines
PAST TOP PICK
(A Top Pick Jul 17/20, Down 25%) He likes it because it is purely Canadian. It is cheap and currently has traded down to its book value. It has a superb balance sheet. He wonders why one of the larger ones does not take them out.
precious metals
COMMENT
Are we in a new commodity super cycle? It is safe to say that the stock can get to $40 easily. After that you are flying into an area where the stock has not been for a while. The market has a memory. We are possibly in a super cycle but possibly it is just that the Fed realizes just how thin the ice is out there. The Fed has a really lousy balance sheet. This will hold back the natural growth that could occur.
Mining
WAIT
When he looks at the NASDAQ-100, he finds they are at almost 50% premiums to fair market values. As long as we have bull market conditions this should continue. If we have a nasty bear market then their could be a fall like in 2008, after which it recovered.
computer software / processing
DON'T BUY
There may be a huge pent up demand for air travel, but the business traveller will be slow to come back. AC-T shares are a long way from being cheap. He thinks there is a lot of balance sheet re-building to do. (Analysts’ price target is $29.00)
Transportation
TOP PICK
It has a superb balance sheet. They don’t have a lot of garbage on their balance sheet. They succeeded in expanding their high quality gold reserves. What's not to like. They are at book value. (Analysts’ price target is $14.82)
precious metals
TOP PICK
Their founder may be coming back again. The shares have fallen to 3.5 times adjusted book value. It has tended to mark the low for fallen growth stocks over history. You can buy it and it is speculative, but the shares are very, very cheap. If the stock cannot hold at the $205.00 price range, then it will be signalling much deeper. (Analysts’ price target is $294.57)
0
TOP PICK

It offers surging upside potential. It has a decent yield and is only paying out 20% of present earnings. He thinks junior oil is going higher. This company has easy potential to a high of $18. (Analysts’ price target is $13.69)

oil / gas
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