Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
February 22, 2017

This tends to be a serial acquirer, and he generally doesn’t like these. However, in this case he likes management and feels they are very competent.

CRH Medical Corp. (CRH-T)
February 22, 2017

This tends to be a serial acquirer, and he generally doesn’t like these. However, in this case he likes management and feels they are very competent.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$8.570
Owned
No
HOLD
HOLD
February 22, 2017

A name he really likes. This has a 9.1% EBITDA for 2017. Yield is about 5%. They made an acquisition last year on the HVAC servicing side. It was fortunate that the summer was so hot last year. There are still potentially some costs synergies to take out of that. The part he really likes is their sub metering business, a growth business that is not getting any credit from the street.

EnerCare Inc (ECI-T)
February 22, 2017

A name he really likes. This has a 9.1% EBITDA for 2017. Yield is about 5%. They made an acquisition last year on the HVAC servicing side. It was fortunate that the summer was so hot last year. There are still potentially some costs synergies to take out of that. The part he really likes is their sub metering business, a growth business that is not getting any credit from the street.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$18.790
Owned
Yes
COMMENT
COMMENT
February 22, 2017

Had a Pairs trade with Service, and was Short it in the fall, largely because the company’s Q2 numbers were off the charts compared to the industry. It worked out well for him. As a Long position he thinks it is a good company, but if he had a choice, he would probably take Cervus (CERV-T).

Had a Pairs trade with Service, and was Short it in the fall, largely because the company’s Q2 numbers were off the charts compared to the industry. It worked out well for him. As a Long position he thinks it is a good company, but if he had a choice, he would probably take Cervus (CERV-T).

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$10.620
Owned
Unknown
COMMENT
COMMENT
February 22, 2017

He looked at the name 4-5 months ago, and really liked it. Waited for an entry point but missed the boat. A great name. The dividend is sustainable. The nature of their business tends to be anti-cyclical, from a cash flow point of view.

Russel Metals (RUS-T)
February 22, 2017

He looked at the name 4-5 months ago, and really liked it. Waited for an entry point but missed the boat. A great name. The dividend is sustainable. The nature of their business tends to be anti-cyclical, from a cash flow point of view.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$28.750
Owned
Unknown
COMMENT
COMMENT
February 22, 2017

This has a deal with Staples and NAPA auto parts, as well as talking to a Canadian courier company. The main problem is that Canada and the US have not really defined what the rules are going to be for drones. In Canada, you can only fly a drone within your line of sight, but that will change. Feels this company probably has the “first mover delivery” advantage to getting a license.

This has a deal with Staples and NAPA auto parts, as well as talking to a Canadian courier company. The main problem is that Canada and the US have not really defined what the rules are going to be for drones. In Canada, you can only fly a drone within your line of sight, but that will change. Feels this company probably has the “first mover delivery” advantage to getting a license.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$0.000
Owned
No
COMMENT
COMMENT
February 22, 2017

Likes the low cost to Book ratio, which is trading at .8X. Compare that to Canadian banks, which are at 1.6X. Also with some of the deregulations that are coming in the US, this bank will be a beneficiary.

Bank of America (BAC-N)
February 22, 2017

Likes the low cost to Book ratio, which is trading at .8X. Compare that to Canadian banks, which are at 1.6X. Also with some of the deregulations that are coming in the US, this bank will be a beneficiary.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$24.790
Owned
Unknown
COMMENT
COMMENT
February 22, 2017

Produces succinic acid, a base for an intermediate chemical or commodity that is used in a variety of things like plastic, polyurethane, and various other things. Generally made from petrochemical products, but their product is made from industrial sugars, which has a lot of advantages such as that it can be produced cheaper. It had 2 equity issues within 2 weeks which the market did not appreciate. The company has taken their knocks and are now cashed up essentially, so there shouldn’t be any more issues going forward.

BioAmber Inc (BIOA-N)
February 22, 2017

Produces succinic acid, a base for an intermediate chemical or commodity that is used in a variety of things like plastic, polyurethane, and various other things. Generally made from petrochemical products, but their product is made from industrial sugars, which has a lot of advantages such as that it can be produced cheaper. It had 2 equity issues within 2 weeks which the market did not appreciate. The company has taken their knocks and are now cashed up essentially, so there shouldn’t be any more issues going forward.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$3.450
Owned
Yes