Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
September 9, 2011
In the penalty box. Stumbled on a fixed price contract and lost money. With any kind of an up tick in infrastructure, they should do well. If you own, he would be tempted to hold on.
Aecon Group Inc (ARE-T)
September 9, 2011
In the penalty box. Stumbled on a fixed price contract and lost money. With any kind of an up tick in infrastructure, they should do well. If you own, he would be tempted to hold on.
Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$8.090
Owned
Unknown
HOLD
HOLD
September 9, 2011
Oil is up or down $2-$3 each day and a lot of the oil companies, including oil/gas service companies, are not doing so well. Good management. Good dividend.
Daylight Energy Ltd (DAY-T)
September 9, 2011
Oil is up or down $2-$3 each day and a lot of the oil companies, including oil/gas service companies, are not doing so well. Good management. Good dividend.
Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$7.130
Owned
Unknown
BUY
BUY
September 9, 2011
Mortgage insurance. Extraordinarily cheap. 4.75% dividend. Genworth (GNW-N) out of the US controls 57% of the company. Trades at 10X earnings, well below book. Investors are concerned that the problems in the US will infect the Canadian operations. He has a lot of faith in management.
Mortgage insurance. Extraordinarily cheap. 4.75% dividend. Genworth (GNW-N) out of the US controls 57% of the company. Trades at 10X earnings, well below book. Investors are concerned that the problems in the US will infect the Canadian operations. He has a lot of faith in management.
Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$21.130
Owned
Yes
HOLD
HOLD
September 9, 2011
Lost money in BC Place where they had a fixed price contract. Also, infrastructure spending has slowed down. Had a loss last quarter and they passed the dividend for the time being. Selling $50 million plus of assets, which are not germane to their business so there are no financial problems.
Canam Group Inc. (CAM-T)
September 9, 2011
Lost money in BC Place where they had a fixed price contract. Also, infrastructure spending has slowed down. Had a loss last quarter and they passed the dividend for the time being. Selling $50 million plus of assets, which are not germane to their business so there are no financial problems.
Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$4.330
Owned
Yes
COMMENT
COMMENT
September 9, 2011
This is a true contrarian stock. Every one hates the retailers. Stumbled for the last 4-5 quarters. CFO resigned. Stock price is below BV but also below tangible book. Eventually that market is going to improve. You will have to be patient for the bottom line to set in.
Rona Inc (RON-T)
September 9, 2011
This is a true contrarian stock. Every one hates the retailers. Stumbled for the last 4-5 quarters. CFO resigned. Stock price is below BV but also below tangible book. Eventually that market is going to improve. You will have to be patient for the bottom line to set in.
Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$9.730
Owned
Yes
BUY
BUY
September 9, 2011

Had an unsuccessful hole in the North Sea. Good management. Will be getting good cash flow with a number of their wells coming on. Buy under $2 and Sell closer to $3. Very volatile. Could be a takeover candidate. Higher risk because of drilling. (Pricing is on Brent crude.)

Ithaca Energy Inc. (IAE-T)
September 9, 2011

Had an unsuccessful hole in the North Sea. Good management. Will be getting good cash flow with a number of their wells coming on. Buy under $2 and Sell closer to $3. Very volatile. Could be a takeover candidate. Higher risk because of drilling. (Pricing is on Brent crude.)

Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$7.740
Owned
Unknown
COMMENT
COMMENT
September 9, 2011
Specialty paper. A lot of good things are happening. Company is looking to do another pulp deal. Switzerland printing is a little soft right now. Doing extra ordinary well on their wallpaper in Germany. Should be in production shortly on their dissolving pulp business. Good management.
Specialty paper. A lot of good things are happening. Company is looking to do another pulp deal. Switzerland printing is a little soft right now. Doing extra ordinary well on their wallpaper in Germany. Should be in production shortly on their dissolving pulp business. Good management.
Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds
Price
$28.880
Owned
Unknown