BUY

He sold in December due to rising interest rates. It is a best in class management team. There is really nothing NOT to like about it. You will do very well with a long term outlook.

DON'T BUY

He was short and is now out. He is waiting for the time to re-enter it. He is waiting for an announcement on government aid. It has done well but is a very difficult, low margin, capital intensive business. He would not suggest this stock as a US$ play, either.

SELL

He is short. Fuel retailing without refining margin is not a great business. He believes fuel volumes will decline. With their last few acquisitions they moved into more urbanized regions and they took on a lot of debt.

SELL

Canadian Pipelines for a long term hold. He has been short for half a year. He only has ENB-T right now. It is a low growth space in a challenged industry. They are quite interest rate sensitive. He has countered his shorts by being long in various renewable power producers.

BUY

It is a pretty interesting stub to own. He thinks TA-T would be an interesting takeover target and they own much of this stock.

SELL

A roll up of auto collision centers. He does not like roll ups. There is no real barrier to entry. They are gaining more and more market share from insurance companies, however. There may be an interesting short sometime in the future when cars drive themselves and don’t run into one another. It is not a bad time to take profits.

BUY

He started re-buying it a month ago. He thinks it will get taken over. They have received unsolicited offers after the stock sold off. He suspects it is private equity firms.

PAST TOP PICK

*Short* (Top Pick Nov 9/16, Up 13.10%) He has been short. He is just leaving it on. The stock is up a reasonable amount but an insider is selling. It is a very expensive stock in a dying industry. They are seeing net outflows.

PAST TOP PICK

(Top Pick Nov 9/16, Down 18.86%) Has been under pressure by quant funds. He still owns it. He is going to continue to own it.

PAST TOP PICK

*Short* (Top Pick Nov 9/16, Up 1.08%) They have a large business in Florida that is very coal focused. It is an interesting short. It should really under perform equities.

BUY

Golds. He likes gold and started to about a month ago. He thinks the US might try to talk the US$ down. Inflation expectations have really started to take off. DGC-T would not be a bad one to own, or use a gold ETF. Gold is a safe way to safeguard yourself against Trump’s tweets against companies or industries.

BUY

He thinks there will be a special dividend in the first half of this year. They generate excess free cash flow. He likes the business. It is a long term hold for him.

DON'T BUY

He shorted it in October and since then has covered it. They used to have a large emphasis on oil and gas. It is not a bad name to own if you think infrastructure spending will work out, but he does not.

DON'T BUY

Long term it is probably not that great. He used to be short, but covered it when he became a little more constructive on oil. The long term picture for someone in the oil sands is not that great.

SELL

He likes shorting darlings and so put on a short mid-December. It is hard to have coal selling for 100% more than the cost of production. Every single coal mine in the world will come on line. So the price of met-coal should become depressed in the near future.