Latest Expert Opinions

Signal
Opinion
Expert
BUY
BUY
August 12, 2016

This provides aeronautic technology that allows oil/gas companies to pinpoint where they should use seismic technology. It is about a 30th of what the cost of seismic is. They just had a conference call and indicated they are still waiting for some contracts to come in. They reiterated that some of their previous clients have had major finds using the technology. Also reiterated their guidance of $20 million in sales for the year. The business is very, very lumpy in terms of contracts. If you are going to own the stock, you are going to have to accept the fact that there are going to be some lumpy quarters. Not a bad time to be adding to your position.

This provides aeronautic technology that allows oil/gas companies to pinpoint where they should use seismic technology. It is about a 30th of what the cost of seismic is. They just had a conference call and indicated they are still waiting for some contracts to come in. They reiterated that some of their previous clients have had major finds using the technology. Also reiterated their guidance of $20 million in sales for the year. The business is very, very lumpy in terms of contracts. If you are going to own the stock, you are going to have to accept the fact that there are going to be some lumpy quarters. Not a bad time to be adding to your position.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$1.400
Owned
Yes
COMMENT
COMMENT
August 12, 2016

Basically an ATM business for Canada, Australia and the UK. Just released results, which were decent. There was a little bit higher maintenance CapX in Australia as authorities had forced all ATMs to move towards EMB chips in the cards, so they had to upgrade their ATMs to make them compliant before the year-end. Payout ratio jumped up to 72% from FFO. Still a very cheap stock, trading at about 6.5X EV/EBITDA. A great, long term story. Dividend yield of about 11%.

Basically an ATM business for Canada, Australia and the UK. Just released results, which were decent. There was a little bit higher maintenance CapX in Australia as authorities had forced all ATMs to move towards EMB chips in the cards, so they had to upgrade their ATMs to make them compliant before the year-end. Payout ratio jumped up to 72% from FFO. Still a very cheap stock, trading at about 6.5X EV/EBITDA. A great, long term story. Dividend yield of about 11%.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$13.290
Owned
Unknown
COMMENT
COMMENT
August 12, 2016

Has been negative on this, and used to have a Short position. Management announced a Substantial Issuer Bid in February, that took the share price from about $24 up to $36, but it has dropped back to $29. His concern is the originations of their mortgages of 26%, which is very high, while their loan book is flat. They are having to run pretty hard to stand still, which is his concern.

Has been negative on this, and used to have a Short position. Management announced a Substantial Issuer Bid in February, that took the share price from about $24 up to $36, but it has dropped back to $29. His concern is the originations of their mortgages of 26%, which is very high, while their loan book is flat. They are having to run pretty hard to stand still, which is his concern.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$29.100
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
August 12, 2016

(A Top Pick Sept 15/15. Up 28.99%.) (A Pairs trade. Long NYX and Short Amaya.)

(A Top Pick Sept 15/15. Up 28.99%.) (A Pairs trade. Long NYX and Short Amaya.)

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$20.870
Owned
No
PAST TOP PICK
PAST TOP PICK
August 12, 2016

(A Top Pick Sept 15/15. Down 36.26%.) This did not work out well. In May/16, there were a couple of red flags that came out. On the eve of their Q4 numbers, the CEO abruptly resigned. Also there was about a two-month delay in releasing results, compared to the previous year. Then there was a methodology change in their accounting. Finally, there was a change in business strategy. With all of those changes, he decided to exit.

(A Top Pick Sept 15/15. Down 36.26%.) This did not work out well. In May/16, there were a couple of red flags that came out. On the eve of their Q4 numbers, the CEO abruptly resigned. Also there was about a two-month delay in releasing results, compared to the previous year. Then there was a methodology change in their accounting. Finally, there was a change in business strategy. With all of those changes, he decided to exit.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$0.365
Owned
No
PAST TOP PICK
PAST TOP PICK
August 12, 2016

(A Top Pick Sept 15/15. Up 21.01%.) (Short.) He used to be Long. Had liked the visibility, and this was a chicken’s way to play the resources. He has now exited his position.

(A Top Pick Sept 15/15. Up 21.01%.) (Short.) He used to be Long. Had liked the visibility, and this was a chicken’s way to play the resources. He has now exited his position.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$1.850
Owned
No
PAST TOP PICK
PAST TOP PICK
August 12, 2016

(A Top Pick Sept 15/15. Down 36.39%.) (A Pairs trade. Long NYX and Short Amaya.) The CEO had announced plans to take this private, and he was dubious on their ability to do so.

(A Top Pick Sept 15/15. Down 36.39%.) (A Pairs trade. Long NYX and Short Amaya.) The CEO had announced plans to take this private, and he was dubious on their ability to do so.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$1.640
Owned
Yes