Opinions by Ross Healy | StockChase
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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
N/A
General Market Comment 

June 4, 2018

Market.  Trade wars are hanging over equities.  It hangs over Canada more so than the US.  Canada is a lot cheaper than the US in terms of price to book (40% cheaper than the US).  It is due to financial stocks.  They are cheaper in terms of their upside potential.  They are 30% of the index in Canada.  Very expensive stocks are refusing to correct and this is an ominous sign.  Unfortunately the outcome of this tends to be dismal.  Until we get a sell signal from the markets, we have to say that it is in a nice trading range.

Market.  Trade wars are hanging over equities.  It hangs over Canada more so than the US.  Canada is a lot cheaper than the US in terms of price to book (40% cheaper than the US).  It is due to financial stocks.  They are cheaper in terms of their upside potential.  They are 30% of the index in Canada.  Very expensive stocks are refusing to correct and this is an ominous sign.  Unfortunately the outcome of this tends to be dismal.  Until we get a sell signal from the markets, we have to say that it is in a nice trading range.

Unknown
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$0.020
Owned Owned
_N/A

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COMMENT
Apple(AAPL-Q) 

June 4, 2018

It is a microcosm of the S&P 500.  It has had a tendency of peaking out at 5.5 times its book value.  It usually sinks back 15-20% of its trading value when it hits here.  He expected this but this time it did not happen.  AAPL-Q has been trying to push higher but every time it gets there it gets pushed down.  One thing that is interesting is that if you look at the slope of the growth of AAPL-Q, It was growing aggressively until 2012 and then they started to buy back shares and the growth of the company slowed considerably.  Most interesting is that the rate of earnings growth has also slowed down as it has for many other similar companies that have bought back stock.  This move to buy back stock is damaging to shareholders.  If the company is not reinvesting, the growth slows.  They wasted shareholders' money with these buybacks.  The ceiling is $161 right now.  The book value will go down.  If we ever get into a market correction then this stock will have a good one.

electrical/electronic

It is a microcosm of the S&P 500.  It has had a tendency of peaking out at 5.5 times its book value.  It usually sinks back 15-20% of its trading value when it hits here.  He expected this but this time it did not happen.  AAPL-Q has been trying to push higher but every time it gets there it gets pushed down.  One thing that is interesting is that if you look at the slope of the growth of AAPL-Q, It was growing aggressively until 2012 and then they started to buy back shares and the growth of the company slowed considerably.  Most interesting is that the rate of earnings growth has also slowed down as it has for many other similar companies that have bought back stock.  This move to buy back stock is damaging to shareholders.  If the company is not reinvesting, the growth slows.  They wasted shareholders' money with these buybacks.  The ceiling is $161 right now.  The book value will go down.  If we ever get into a market correction then this stock will have a good one.

electrical/electronic
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$191.830
Owned Owned
Unknown

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TOP PICK
Barrick Gold(ABX-T) 

June 4, 2018

It is cheap.  If gold ever gets going it will have a run.  If the US ever gets into recession, the market will love gold.  (Analysts’ target: $19.92).

precious metals

It is cheap.  If gold ever gets going it will have a run.  If the US ever gets into recession, the market will love gold.  (Analysts’ target: $19.92).

precious metals
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$16.670
Owned Owned
Yes

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TOP PICK
Atco Ltd(ACO.X-T) 

June 4, 2018

They do a lot of energy infrastructure.  All of the bottoms of book value brought it down to one times book value.  What's really interesting is that in the stock's bottom of 2000 it hit its low as the market was hitting its peak.  (Analysts’ target: $41.90).

mngmnt/diversified

They do a lot of energy infrastructure.  All of the bottoms of book value brought it down to one times book value.  What's really interesting is that in the stock's bottom of 2000 it hit its low as the market was hitting its peak.  (Analysts’ target: $41.90).

mngmnt/diversified
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$38.980
Owned Owned
Yes

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SPECULATIVE BUY
Alaris Royalty(AD-T) 

June 4, 2018

The stock looks interesting.  His firm was impressed with the AGM.  Their problems are behind them and were not that serious.  He would hang on.  You might even buy more.

Financial Services

The stock looks interesting.  His firm was impressed with the AGM.  Their problems are behind them and were not that serious.  He would hang on.  You might even buy more.

Financial Services
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$15.910
Owned Owned
Unknown

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PAST TOP PICK
Alamos Gold Inc(AGI-T) 

June 4, 2018

(A Top Pick Sep. 1/17, Down 31%)  The golds have not done particularly well.  Golds are a hedge against central bank lunacy which we have had a lot of.  The tax cut the Americans have been given will have unknown affects on the US.

precious metals

(A Top Pick Sep. 1/17, Down 31%)  The golds have not done particularly well.  Golds are a hedge against central bank lunacy which we have had a lot of.  The tax cut the Americans have been given will have unknown affects on the US.

precious metals
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$7.110
Owned Owned
Yes

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BUY
Amazon.com(AMZN-Q) 

June 4, 2018

Has a magnificent valuation, over 22 times book value, with a PE of 104.  This is practically a dead giveaway on the street.  $1500 would be a sell signal but it could have an upside of $1900.  It has had some spectacular wipeouts along the way since inception.  The stock comes back quite quickly and then it drives on.  At some point it will wipe out but it is destroying the retail industry right now.  He thinks the growth will continue right now.

specialty stores

Has a magnificent valuation, over 22 times book value, with a PE of 104.  This is practically a dead giveaway on the street.  $1500 would be a sell signal but it could have an upside of $1900.  It has had some spectacular wipeouts along the way since inception.  The stock comes back quite quickly and then it drives on.  At some point it will wipe out but it is destroying the retail industry right now.  He thinks the growth will continue right now.

specialty stores
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$1665.270
Owned Owned
Unknown

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WAIT
Aecon Group Inc(ARE-T) 

June 4, 2018

The company is getting back down to where it is getting interesting again.  Let the chips fall after the failed takeover.  You need to wait for a while and make sure everything has shaken out.

contractors

The company is getting back down to where it is getting interesting again.  Let the chips fall after the failed takeover.  You need to wait for a while and make sure everything has shaken out.

contractors
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$14.640
Owned Owned
Unknown

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BUY on WEAKNESS
BCE Inc.(BCE-T) 

June 4, 2018

There is going to be some growth in book value and therefore shareholder value growth this year.  After it pays out the dividend, there is not much left over.  It is getting close to 2.5 times book value ($50.51) which is a bottom for it.  It will be at an attractive technical position and he would buy it there.  The dividend is pretty safe.

telephone utilities

There is going to be some growth in book value and therefore shareholder value growth this year.  After it pays out the dividend, there is not much left over.  It is getting close to 2.5 times book value ($50.51) which is a bottom for it.  It will be at an attractive technical position and he would buy it there.  The dividend is pretty safe.

telephone utilities
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$54.180
Owned Owned
Unknown

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TOP PICK

It is trading right on a technical support line with lots of upside potential.  (Analysts’ target: $88.54).

banks

It is trading right on a technical support line with lots of upside potential.  (Analysts’ target: $88.54).

banks
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$76.910
Owned Owned
Yes

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DON'T BUY

The problem is that the shares have traded down into a condition where the market is concerned about the quality of the balance sheet, which is on the weak side.

REAL ESTATE

The problem is that the shares have traded down into a condition where the market is concerned about the quality of the balance sheet, which is on the weak side.

REAL ESTATE
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$25.890
Owned Owned
Unknown

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WATCH
Cineplex Inc(CGX-T) 

June 4, 2018

It had quite a setback including its earnings.  They are getting to a level which is maybe cheap enough.  He wants to let some more time go under the market's feet before getting back in again.  Rushing in may not be a good idea.

other services

It had quite a setback including its earnings.  They are getting to a level which is maybe cheap enough.  He wants to let some more time go under the market's feet before getting back in again.  Rushing in may not be a good idea.

other services
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$29.020
Owned Owned
No

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DON'T BUY

It is certainly under pressure.  It has had a nice growth and recovery since 2014.  This is pretty much how the airlines look broadly.  The mojo has gone out of the airline stocks.

Transportation & Environmental Services

It is certainly under pressure.  It has had a nice growth and recovery since 2014.  This is pretty much how the airlines look broadly.  The mojo has gone out of the airline stocks.

Transportation & Environmental Services
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$7.230
Owned Owned
Unknown

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PAST TOP PICK

(A Top Pick Sep. 1/17, Down 6%)  It had a nice yield but lost some altitude.  Mall REITs have been doing this because of the AMZN-Q tsunami of the retail industry.  They are mostly in Quebec now and it is the strongest province we have right now.  CUF.UN-T is trading at a nice discount to book value.  He is staying with it.

investment companies/funds

(A Top Pick Sep. 1/17, Down 6%)  It had a nice yield but lost some altitude.  Mall REITs have been doing this because of the AMZN-Q tsunami of the retail industry.  They are mostly in Quebec now and it is the strongest province we have right now.  CUF.UN-T is trading at a nice discount to book value.  He is staying with it.

investment companies/funds
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$12.070
Owned Owned
_N/A

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BUY on WEAKNESS
DowDuPont Inc.(DWDP-N) 

June 4, 2018

They could be more generous with their dividend.  It would have solid support at $59, or two times its book value. 

chemicals

They could be more generous with their dividend.  It would have solid support at $59, or two times its book value. 

chemicals
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$67.130
Owned Owned
Unknown

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