Opinions by Ross Healy | StockChase
2471
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/

2471
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 

December 5, 2017

Market. We have seen this movie before. A speculative run-up in the market, and things like Bitcoin are a symptom of a manic approach. There is something at the top of the market that gives you a clue that the top has at last arrived. However, it doesn’t necessarily tell you when the top is, however all the preconditions are in. One of the important preconditions of a top is that there has to be a storyline that the market can’t go down because something is going to stop it from going down, and of course, it is going to be that the feds are coming back in again if there is any weakness. All the preconditions for a bear market are here, except for what is the trigger, and he hasn’t a clue.

Market. We have seen this movie before. A speculative run-up in the market, and things like Bitcoin are a symptom of a manic approach. There is something at the top of the market that gives you a clue that the top has at last arrived. However, it doesn’t necessarily tell you when the top is, however all the preconditions are in. One of the important preconditions of a top is that there has to be a storyline that the market can’t go down because something is going to stop it from going down, and of course, it is going to be that the feds are coming back in again if there is any weakness. All the preconditions for a bear market are here, except for what is the trigger, and he hasn’t a clue.

Unknown
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$0.020
Owned Owned
_N/A

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N/A
General Market Comment 

December 5, 2017

Crypto currency? The argument for crypto currencies is very interesting, and particularly for Bitcoin, i.e., if you take the total amount of debt outstanding globally, and assuming that a certain number of transactions are going to be settled, Bitcoin ought to be worth some percentage of the total amount of debt outstanding. The number often thrown out by the real bulls is 1%. If that was 1%, then the Bitcoin would be worth $1 million. However, when you ask what the intrinsic value is, you can find it, because there isn’t any. Therefore, the value is anything you want it to be.

Crypto currency? The argument for crypto currencies is very interesting, and particularly for Bitcoin, i.e., if you take the total amount of debt outstanding globally, and assuming that a certain number of transactions are going to be settled, Bitcoin ought to be worth some percentage of the total amount of debt outstanding. The number often thrown out by the real bulls is 1%. If that was 1%, then the Bitcoin would be worth $1 million. However, when you ask what the intrinsic value is, you can find it, because there isn’t any. Therefore, the value is anything you want it to be.

Unknown
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$0.020
Owned Owned
_N/A

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BUY
Alamos Gold Inc(AGI-T) 

December 5, 2017

This is probably a good bet going forward. There’s lots of insider buying. Also, they’ve been working very hard to reduce costs. On a Price to Book basis, it is very cheap. When you buy gold, you are fundamentally making a bet that the monetary authorities are going to be stupid, and that is a really safe bet to make, particularly if we get into a Bear market.

precious metals

This is probably a good bet going forward. There’s lots of insider buying. Also, they’ve been working very hard to reduce costs. On a Price to Book basis, it is very cheap. When you buy gold, you are fundamentally making a bet that the monetary authorities are going to be stupid, and that is a really safe bet to make, particularly if we get into a Bear market.

precious metals
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$7.710
Owned Owned
Yes

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PAST TOP PICK
Bank of America(BAC-N) 

December 5, 2017

(A Top Pick Jan 19/17. Up 32%.) Feels there is still more to come. 2 things will help. He is pretty sure there will be another rate increase, and if tax reform comes, their earnings are going to get a little bounce. The stock is still fairly cheap.

banks

(A Top Pick Jan 19/17. Up 32%.) Feels there is still more to come. 2 things will help. He is pretty sure there will be another rate increase, and if tax reform comes, their earnings are going to get a little bounce. The stock is still fairly cheap.

banks
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$28.930
Owned Owned
Yes

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TOP PICK
Bank of America(BAC-N) 

December 5, 2017

He likes this because of rising interest rates, less regulatory interference and the stock is cheap. Even in a bear market, he doesn’t think this is going to get hurt badly. Dividend yield of 1.7%. (Analysts’ price target is $29.)

banks

He likes this because of rising interest rates, less regulatory interference and the stock is cheap. Even in a bear market, he doesn’t think this is going to get hurt badly. Dividend yield of 1.7%. (Analysts’ price target is $29.)

banks
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$28.930
Owned Owned
Yes

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HOLD
Bank of Nova Scotia(BNS-T) 

December 5, 2017

This still has some good upside potential. It wouldn’t be his 1st choice, but if he were holding it, he would continue to hold it.

banks

This still has some good upside potential. It wouldn’t be his 1st choice, but if he were holding it, he would continue to hold it.

banks
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$81.140
Owned Owned
Unknown

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COMMENT
Walt Disney(DIS-N) 

December 5, 2017

Based on analysts’ consensus earnings numbers, his calculated FMV is about $115. Also, it is trading right up against one of his critical technical resistance points. It has been moving around that point for the last couple of years, and hasn’t been getting anywhere because earnings are not going anywhere either. This is a company that doesn’t get above its FMV. He doesn’t see where this stock is going to go.

entertainment services

Based on analysts’ consensus earnings numbers, his calculated FMV is about $115. Also, it is trading right up against one of his critical technical resistance points. It has been moving around that point for the last couple of years, and hasn’t been getting anywhere because earnings are not going anywhere either. This is a company that doesn’t get above its FMV. He doesn’t see where this stock is going to go.

entertainment services
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$107.220
Owned Owned
Unknown

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COMMENT
Hudson Bay Co.(HBC-T) 

December 5, 2017

A very interesting story because it kind of represents a “push me-pull me” situation. They have spent a lot of time building what they’ve got, and outside hedge funds are seeing about $35 of value, which is not being represented by the stock price. Thinks the company will resist selling assets unnecessarily, except for what they need to support the balance sheet. An interesting speculation and you are just going to have to wait and see.

department stores

A very interesting story because it kind of represents a “push me-pull me” situation. They have spent a lot of time building what they’ve got, and outside hedge funds are seeing about $35 of value, which is not being represented by the stock price. Thinks the company will resist selling assets unnecessarily, except for what they need to support the balance sheet. An interesting speculation and you are just going to have to wait and see.

department stores
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$11.900
Owned Owned
No

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PAST TOP PICK
Imperial Oil(IMO-T) 

December 5, 2017

(A Top Pick Jan 19/17. Down 9%.) Had picked this because it was fairly cheap and fairly solid, as well as having a hedge through having a downstream company. This didn’t work out.

integrated oils

(A Top Pick Jan 19/17. Down 9%.) Had picked this because it was fairly cheap and fairly solid, as well as having a hedge through having a downstream company. This didn’t work out.

integrated oils
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$39.680
Owned Owned
Yes

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TOP PICK
Kinross Gold(K-T) 

December 5, 2017

Years ago, they bought the Tasiest mine and paid a horrendous amount of money for it, and then had to write it all off. Now that everything is written off, you have a hard asset. They are now going to enlarge the mine in 2018, and it is going to be a low-cost producer. If we get any kind of a move in bullion at all, the stock should do very, very well. (Analysts’ price target is $6.99.)

precious metals

Years ago, they bought the Tasiest mine and paid a horrendous amount of money for it, and then had to write it all off. Now that everything is written off, you have a hard asset. They are now going to enlarge the mine in 2018, and it is going to be a low-cost producer. If we get any kind of a move in bullion at all, the stock should do very, very well. (Analysts’ price target is $6.99.)

precious metals
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$4.990
Owned Owned
Yes

Must be logged in to use chart
DON'T BUY

This has a couple of problems. Its earnings forecasts have kind of levelled out, and FMV is about $47-$40 and the stock is at about $51. Also, there is quite strong technical resistance at about $53. He would give this a pass for now.

income trust

This has a couple of problems. Its earnings forecasts have kind of levelled out, and FMV is about $47-$40 and the stock is at about $51. Also, there is quite strong technical resistance at about $53. He would give this a pass for now.

income trust
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$52.140
Owned Owned
No

Must be logged in to use chart
PAST TOP PICK
Power Financial Corp(PWF-T) 

December 5, 2017

(A Top Pick Jan 19/17. Up 9%.) The fact that the values of insurance companies don’t seem to be going anywhere, makes him wonder if he is really interested in this company or not.

finance/leasing

(A Top Pick Jan 19/17. Up 9%.) The fact that the values of insurance companies don’t seem to be going anywhere, makes him wonder if he is really interested in this company or not.

finance/leasing
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$35.230
Owned Owned
Yes

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COMMENT
Shopify Inc.(SHOP-T) 

December 5, 2017

A brilliant concept, although one US analyst has called it a Ponzi scheme. From what he knows, he doesn’t think that is the case. Long-term, if this company delivers on its promise, it could be worth a lot, but you are paying for that future now, and have to be prepared for volatility. 

A brilliant concept, although one US analyst has called it a Ponzi scheme. From what he knows, he doesn’t think that is the case. Long-term, if this company delivers on its promise, it could be worth a lot, but you are paying for that future now, and have to be prepared for volatility. 

0
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$120.950
Owned Owned
Unknown

Must be logged in to use chart
BUY on WEAKNESS
Telus Corp(T-T) 

December 5, 2017

This has basically been threading the needle between 2 of his technical break points, and has been doing it for a long time. The bottom side is at about $40 and the top side is at about $54. It has a nice yield, so he would continue holding it. If it sets back to $40, that would be a Buy.

telephone utilities

This has basically been threading the needle between 2 of his technical break points, and has been doing it for a long time. The bottom side is at about $40 and the top side is at about $54. It has a nice yield, so he would continue holding it. If it sets back to $40, that would be a Buy.

telephone utilities
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$47.670
Owned Owned
Unknown

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HOLD
Toronto Dominion(TD-T) 

December 5, 2017

His upside target is at about $76-$77. When he buys banks, he likes to buy the cheapest. If you own this it would be a Hold. However, if buying a bank, this would not necessarily be the one he would choose.

banks

His upside target is at about $76-$77. When he buys banks, he likes to buy the cheapest. If you own this it would be a Hold. However, if buying a bank, this would not necessarily be the one he would choose.

banks
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$72.430
Owned Owned
Unknown

Must be logged in to use chart
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