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Ross Healy
Chairman at Strategic Analysis Corp
Member since: Oct '00 · 3220 Opinions
Rating Card
| All | 
Rating
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Win
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Neutral
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Big Loss
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|---|---|---|---|---|---|---|---|
| 4.24 | 160 25.52% | 143 22.81% | 102 16.27% | 152 24.24% | 70 11.16% | ||
| 1 Month | 4.11 | 16 10.53% | 43 28.29% | 43 28.29% | 46 30.26% | 4 2.63% | |
| 6 Months | 4.48 | 32 21.62% | 43 29.05% | 25 16.89% | 32 21.62% | 16 10.81% | |
| 12 Months | 4.45 | 39 27.66% | 30 21.28% | 17 12.06% | 37 26.24% | 18 12.77% | |
| 2 Years | 4.48 | 47 36.43% | 23 17.83% | 16 12.40% | 26 20.16% | 17 13.18% | |
| 5 Years | 3.69 | 26 45.61% | 4 7.02% | 1 1.75% | 11 19.30% | 15 26.32% |
Stock Opinions by Ross Healy
He does spend time on it, because his clients expect him to be knowledgeable about it and have something cogent to say. Still, earnings and dividends are the big drivers.
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It will be really hard to bring down inflation to any great degree. So interest rates are likely to remain at these levels or close.
Historically, these interest rates are not bad. When he came into the business, if you had 3% on short-term rates it was awesome, and 5-6% mortgage rates were standard. Things are only high relative to what we've been seeing over the past 10 years. Outside of that, they're reasonable.
His firm constructs a Structural Valuation Analysis (SVA) chart, which implies that there's a form and structure to the way that prices get formed in the stock market. It applies to both stocks and to the market.
There's a broad downward trend to the chart. The first thing to ask is if you really want to be in a company whose balance sheet is disappearing under your feet? If it's cheap enough, sure. But otherwise, not particularly.
The key is the Fair Market Value (FMV), or intrinsic value, of the company. Every time the stock gets up there, it stops. That's characteristic of senior stocks. When he looks at a chart, he knows what a company can give him. ENB has come back to a very important point, which is 2x book, one of his structural resistance points. It hit there, and stepped back. Looks as though it's going down further. Too early to be in the stock. If it got around $42, he'd be more interested.
PE ratios are too close to call. Yield on CNR is about 2%, versus 1% for CP. No one's going to buy it for income. Looking at the FMV, the stock prices are so close for each, you really can't judge.
Big difference is the book value. CP looks so cheap on price to book because of accounting decisions on its Kansas City purchase. So he can't tell if that's real or not. When he looks at CNR's SVA chart, it has an easy downside in weak markets to about $116. That's not trivial.
Dead heat on a merry-go-round. Neither is reasonably attractive right now.
PE ratios are too close to call. Yield on CNR is about 2%, versus 1% for CP. No one's going to buy it for income. Looking at the FMV, the stock prices are so close for each, you really can't judge.
Big difference is the book value. CP looks so cheap on price to book because of accounting decisions on its Kansas City purchase. So he can't tell if that's real or not. When he looks at CNR's SVA chart, it has an easy downside in weak markets to about $116. That's not trivial.
Dead heat on a merry-go-round. Neither is reasonably attractive right now.
It's moved from strength to strength and steadily higher. Buying back stock, so earnings tend to go up faster than actual earnings growth. FMV is way below, common with many growth stocks. As long as we remain in this bull market, definitely continue to hold.
He just got a bubble signal for the NASDAQ. As long as the bubble lasts, he'd keep holding stocks like AAPL. When the bubble bursts, and it will, just remember the bubble of June 2020 and the tumble of AMZN and the like. Expect it to happen again, but not now.
FMV is going up at one rate, but the price is going up at another. There's a tremendous gap, and that gap is always closed by the price coming down. Looks to be rolling over. FMV is 60% below its price. He wouldn't touch it.
For people who don't want to take risk, it' not a bad time to sit on the sidelines. Intrinsic value of US growth stocks is relatively poor. Intrinsic value of Canadian stocks is pretty good, because our index is heavily weighted to oil/gas and banks.
At this juncture, you're doing a bit of gambling if you're in the stock market. There's a bubble building in the AI stocks. We've seen this before. You can have a lot of fun, but when they come down, remember Nortel. Go for value, but this is a gambler's market.
Above FMV of $40 by 22%. Growth is fairly nice. He thinks it will hold fairly well. A bouncy kind of stock.
Powerful balance sheet, good dividend yield. Huge upside potential based on FMV. Cheap on price to book. He's sorry for the timing of the recommendation, but sees no reason to sell outside of a year of ennui from trading sideways.
US debt crisis means further indebtedness, further pressure on USD, and the defence for that is in gold and silver. One of the best of the gold companies. Central banks are buying all the gold they can possibly get.
Very cheap. Strong balance sheet, decent yield, very nice upside potential. The West is coming back thanks to oil. Banks in general have been under pressure to raise more reserves. Rising interest rates are mixed for the banks.
Set back to a very strong technical support level. Earnings have been weak and FMV has been slipping. Nice yield. As long as it holds around $25-26, you should be all right. If it doesn't, could go to $19. Fairly long history of holding at 2x book or better. Good company, well run.
Interesting company. Nice run since October 2022. Getting expensive. Be fairly cautious.
