Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
December 29, 2016

He likes this company. There is a real scarcity of consumer stocks in Canada, and this one fits that bill. He was cautious on the IPO, because it was a private equity one, and he is always leery about private equity. Last year they did 11% same-store sales, and this year they are on track to do about 9.5%. Even if they can do 5% same-store sales, that is very impressive. A good name, and not particularly expensive.

He likes this company. There is a real scarcity of consumer stocks in Canada, and this one fits that bill. He was cautious on the IPO, because it was a private equity one, and he is always leery about private equity. Last year they did 11% same-store sales, and this year they are on track to do about 9.5%. Even if they can do 5% same-store sales, that is very impressive. A good name, and not particularly expensive.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$28.460
Owned
Yes
COMMENT
COMMENT
December 29, 2016

He is a skeptic about their product. Paying a premium to go into a theatre to have your chair shake seems funny. It is too small to Short at this point. He’ll wait till he gets bigger.

D-Box Technologies (DBO-T)
December 29, 2016

He is a skeptic about their product. Paying a premium to go into a theatre to have your chair shake seems funny. It is too small to Short at this point. He’ll wait till he gets bigger.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$0.530
Owned
No
COMMENT
COMMENT
December 29, 2016

A name he wishes he had never come across. Made a lot of money with one of their rivals, Mosaid. You never know what percentage of lawsuits they are going to win. He had put money into this, but it turned out to be an absolute disaster. There is not the transparency and have not delivered in the courtrooms.

Quarterhill Inc (QTRH-T)
December 29, 2016

A name he wishes he had never come across. Made a lot of money with one of their rivals, Mosaid. You never know what percentage of lawsuits they are going to win. He had put money into this, but it turned out to be an absolute disaster. There is not the transparency and have not delivered in the courtrooms.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$2.180
Owned
No
COMMENT
COMMENT
December 29, 2016

Unfortunately, this had a bad quarter. They had the same problem this time last year, and the share price did rebound nicely. There is a scarcity value of consumer stocks, and should be a name that is of interest to people for the long-term. It holds a lot of quotas, and have a monopoly for certain type of shellfish in Canada. People are getting more and more conscious about the benefits of seafood and shellfish.

Unfortunately, this had a bad quarter. They had the same problem this time last year, and the share price did rebound nicely. There is a scarcity value of consumer stocks, and should be a name that is of interest to people for the long-term. It holds a lot of quotas, and have a monopoly for certain type of shellfish in Canada. People are getting more and more conscious about the benefits of seafood and shellfish.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$11.440
Owned
Yes
COMMENT
COMMENT
December 29, 2016

Doesn’t like the general dynamics of this industry, because they tend to be very concentrated and very dependent upon 1 or 2 customers. He has avoided this one like the plague.

Martinrea (MRE-T)
December 29, 2016

Doesn’t like the general dynamics of this industry, because they tend to be very concentrated and very dependent upon 1 or 2 customers. He has avoided this one like the plague.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$8.680
Owned
No
COMMENT
COMMENT
December 29, 2016

This had really sold off in 2008, and he bought some early 2009, and rode it for a number of years, however it has too many styles of verticals, i.e. too many businesses, and there is really only one guy at the centre, the CEO. He is very talented, but he does too much within the business. Key Man risk is huge for this company. They can never fire out of more than 3 out of 6 cylinders. There seem to be a myriad of excuses of why they have never delivered. He will probably remain on the sidelines with this.

This had really sold off in 2008, and he bought some early 2009, and rode it for a number of years, however it has too many styles of verticals, i.e. too many businesses, and there is really only one guy at the centre, the CEO. He is very talented, but he does too much within the business. Key Man risk is huge for this company. They can never fire out of more than 3 out of 6 cylinders. There seem to be a myriad of excuses of why they have never delivered. He will probably remain on the sidelines with this.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$36.750
Owned
No
SELL
SELL
December 29, 2016

Provides a service very similar to Alphabet (GOOGL-Q), which is provided for free. When your competitor is providing your services free, it is tough to be competitive.

Ilookabout Corp (ILA-X)
December 29, 2016

Provides a service very similar to Alphabet (GOOGL-Q), which is provided for free. When your competitor is providing your services free, it is tough to be competitive.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$0.310
Owned
Unknown