Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
August 9, 2016

A well-known story that has been around a long time. Made a number of acquisitions over the last 5-6 years, that haven’t necessarily worked out. The one thing in its favour is its exposure to gold. In an interest rate environment, where negative rates are prevalent around the world, people are going to question loaning or leaving money in a bank and getting a negative rate of return. He likes this company.

Kinross Gold (K-T)
August 9, 2016

A well-known story that has been around a long time. Made a number of acquisitions over the last 5-6 years, that haven’t necessarily worked out. The one thing in its favour is its exposure to gold. In an interest rate environment, where negative rates are prevalent around the world, people are going to question loaning or leaving money in a bank and getting a negative rate of return. He likes this company.

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$7.060
Owned
Unknown
COMMENT
COMMENT
August 9, 2016

An un-investable stock for him. There are so many different moving parts. A new CEO has come in within the last 5 months, and it has a legacy of issues going back for some time. Reported disappointing earnings, and guidance was a great, but the message they got across was that they were not going bankrupt.

An un-investable stock for him. There are so many different moving parts. A new CEO has come in within the last 5 months, and it has a legacy of issues going back for some time. Reported disappointing earnings, and guidance was a great, but the message they got across was that they were not going bankrupt.

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$36.880
Owned
No
COMMENT
COMMENT
August 9, 2016

This has always been one of the premier names in gold. They are a growth oriented producer that is very active in the junior space. If you are looking for a growth oriented producer, this is the name to own. It is going to be one of the big beneficiaries if we get a run on gold, because of their exposure to a lot of junior projects and junior miners.

This has always been one of the premier names in gold. They are a growth oriented producer that is very active in the junior space. If you are looking for a growth oriented producer, this is the name to own. It is going to be one of the big beneficiaries if we get a run on gold, because of their exposure to a lot of junior projects and junior miners.

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$76.630
Owned
No
COMMENT
COMMENT
August 9, 2016

A holding company that has a number of interesting businesses, including real estate. They are also involved in Canada’s first ever SPAC, and their SPAC is coming to an end in the next 8-12 months, so you are going to see either a transaction or a return of capital to the provider. Expect it will be fairly newsy over the next 6 months. A well-managed group.

A holding company that has a number of interesting businesses, including real estate. They are also involved in Canada’s first ever SPAC, and their SPAC is coming to an end in the next 8-12 months, so you are going to see either a transaction or a return of capital to the provider. Expect it will be fairly newsy over the next 6 months. A well-managed group.

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$6.500
Owned
No
HOLD
HOLD
August 9, 2016

This has always been a leveraged play. On one hand, fuel is probably their 2nd largest input cost. You would think that with fuel prices dropping it would be good for them. It is good globally for airlines, but with fuel prices dropping, that means the price of oil is dropping which is bad for Canada. The company has been fighting fuel prices over the last 18-24 months. They are going to get through it. Have reported quarter after quarter of very good numbers. They have begun deleveraging and have improved their fleet significantly. Where people are concerned is cyclicality. Are we hitting the peak of the cycle? The name is not in favour right now.

Air Canada (AC-T)
August 9, 2016

This has always been a leveraged play. On one hand, fuel is probably their 2nd largest input cost. You would think that with fuel prices dropping it would be good for them. It is good globally for airlines, but with fuel prices dropping, that means the price of oil is dropping which is bad for Canada. The company has been fighting fuel prices over the last 18-24 months. They are going to get through it. Have reported quarter after quarter of very good numbers. They have begun deleveraging and have improved their fleet significantly. Where people are concerned is cyclicality. Are we hitting the peak of the cycle? The name is not in favour right now.

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$9.070
Owned
Unknown
COMMENT
COMMENT
August 9, 2016

He owns a little of this. It is a play on the lithium market, which is a play on the electric vehicle market. It has a project that will probably be one of the earlier ones to be developed, but is clearly just playing this trend towards the electric vehicles. Unfortunately, there is a lot of lithium globally so not every project is going to get developed.

He owns a little of this. It is a play on the lithium market, which is a play on the electric vehicle market. It has a project that will probably be one of the earlier ones to be developed, but is clearly just playing this trend towards the electric vehicles. Unfortunately, there is a lot of lithium globally so not every project is going to get developed.

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$1.150
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 9, 2016

(A Top Pick June 27/16. Up 0.95%.) An independent power producer. Recently reported and earnings were mildly disappointing. Dependent on Hydro and wind turbines, so it does get impacted quarter by quarter because of weather. There is nothing to be concerned about on this. Still a Buy.

Boralex Inc. (BLX-T)
August 9, 2016

(A Top Pick June 27/16. Up 0.95%.) An independent power producer. Recently reported and earnings were mildly disappointing. Dependent on Hydro and wind turbines, so it does get impacted quarter by quarter because of weather. There is nothing to be concerned about on this. Still a Buy.

Gerard Ferguson
CEO & Portfolio Manager, Jemekk Capital Management
Price
$19.080
Owned
Yes