Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
December 29, 2016

(A Top Pick Feb 8/16. Down 25.9%.) Long. (A Pairs trade with Valeant Pharmaceuticals (VRX-T).)

Mylan Inc (MYL-Q)
December 29, 2016

(A Top Pick Feb 8/16. Down 25.9%.) Long. (A Pairs trade with Valeant Pharmaceuticals (VRX-T).)

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$37.380
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 29, 2016

(A Top Pick Feb 8/16. Down 27.56%.) Short. This is a good company. There aren’t too many companies that can say they are world beaters in what they do. This tends to be a late cyclical play on the oil/gas sector. When that sector starts to rise, this company is going to react 4-6 quarters later. He sold his holdings for the time being.

Shawcor Ltd. (A) (SCL-T)
December 29, 2016

(A Top Pick Feb 8/16. Down 27.56%.) Short. This is a good company. There aren’t too many companies that can say they are world beaters in what they do. This tends to be a late cyclical play on the oil/gas sector. When that sector starts to rise, this company is going to react 4-6 quarters later. He sold his holdings for the time being.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$36.000
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 29, 2016

(A Top Pick Feb 8/16. Up 84.67%.) Short. (A Pairs trade with Mylan (MYL-Q.)

(A Top Pick Feb 8/16. Up 84.67%.) Short. (A Pairs trade with Mylan (MYL-Q.)

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$19.160
Owned
No
DON'T BUY
DON'T BUY
December 29, 2016

Not a big fan. He doesn’t like serial acquirers, as it is very easy to hide a lot of things in accounting. He wasn’t a particularly big fan of management in this.

Not a big fan. He doesn’t like serial acquirers, as it is very easy to hide a lot of things in accounting. He wasn’t a particularly big fan of management in this.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$3.020
Owned
No
COMMENT
COMMENT
December 29, 2016

Has held this in the past, but it is going to take a bit of time for them to start to see the benefits of their bank license, which they just recently got. In the meantime, they built up a lot of costs and have been sitting on those costs without any revenues to offset them. The ramp-up will take at least 6 months, if not longer. You are going to have to be patient.

Has held this in the past, but it is going to take a bit of time for them to start to see the benefits of their bank license, which they just recently got. In the meantime, they built up a lot of costs and have been sitting on those costs without any revenues to offset them. The ramp-up will take at least 6 months, if not longer. You are going to have to be patient.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$1.840
Owned
No
COMMENT
COMMENT
December 29, 2016

Lost a lot of money on this. Had thought it was a lower risk way to play the online gaming space. He liked that they were providing the back office and the systems as opposed to the games themselves. Bailed on this about 4 months ago, as he had lost faith in management.

Lost a lot of money on this. Had thought it was a lower risk way to play the online gaming space. He liked that they were providing the back office and the systems as opposed to the games themselves. Bailed on this about 4 months ago, as he had lost faith in management.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$1.300
Owned
No
COMMENT
COMMENT
December 29, 2016

A crowded name on the Short side, but he has been Short on this. It was about a year ago when management announced a clever substantial issuer bid. They didn’t say at what price, but waited for the share price to appreciate, and did it at about $36.70. He questioned if that was efficient use of shareholders’ money. It squeezed a lot of the Shorts, including himself. People need to be cautious about this.

Home Capital Group (HCG-T)
December 29, 2016

A crowded name on the Short side, but he has been Short on this. It was about a year ago when management announced a clever substantial issuer bid. They didn’t say at what price, but waited for the share price to appreciate, and did it at about $36.70. He questioned if that was efficient use of shareholders’ money. It squeezed a lot of the Shorts, including himself. People need to be cautious about this.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$31.550
Owned
No