PAST TOP PICK

(A Top Pick July 20/16. Down 0.09%.) It went up, and she took her profits. In their last earnings report, same-store sales have actually been negative, and they had been reporting double digit growth. If they return to positive same store sales, she will be a buyer again. Dividend yield of 4.8%.

PAST TOP PICK

(A Top Pick July 20/16. Down 20.2%.) They were converting themselves into a US based company that was eligible to bid on US contracts. In the meantime, they made an acquisition which has been hanging over the stock. A vote is today or tomorrow. She sold when she saw better opportunities elsewhere.

PAST TOP PICK

(A Top Pick July 20/16. Down 24.1%.) Last year, the US$ was very strong, so gold suffered. For gold to do well, you need the stock market to have a correction. She always owns some gold as an offset in case the market corrects.

COMMENT

Cannabis? She hasn’t done enough work to recommend one name over another. Every day there is a new name that comes up on her screen, and it is getting to be a crowded space. In the long run, whatever the politics, etc., her experience is that the front runner and the consolidator will be the name to own. It’s a little early to tell at this time.

WAIT

They made an acquisition, and everybody thought they overpaid. Now they have a balance sheet problem, so before you get involved, wait to see what they dispose of and how much they get for it. She wouldn’t rush into this until they fix the balance sheet a little.

COMMENT

This is a stock that is in the late stage cycle, and generally you don’t own consumer stocks. Industrial products is probably where you want to be. One of the fears is that a lot of car loans are going to go bad in this cycle. Some of the loans go 6-7 years, and by that time, the car is not worth anything. Last quarter, the margins looked a little healthier in Europe. A great company, but it’s just the wrong stage of the cycle.

HOLD

She doesn’t like the food, but you see them expanding everywhere. Apparently the millennial’s love it. She is giving it another couple of quarters to see what happens before she makes up her mind.

COMMENT

She loves this stock. One of her favourites in this sector. In the past 6 months, most of the mining stocks have got crushed. They sold a mine, and are now sitting on a bunch of cash. Management is fairly savvy, so she would expect them to buy something accretive.

BUY

She is a huge fan of growth by acquisition companies, and this one is a perfect example. They’ve been a consolidator of the bus manufacturing industry. A very, very good management team. They’ve been very successfully integrating businesses. Profitability is great. Trading at about 17X forward earnings, so she doesn’t think of it as expensive. If they were to make another acquisition, she thinks the stock would pop.

COMMENT

Insurance is not one of her favourite sectors. Ever since the chatter started with Manulife (MFC-T) and what they might do to offload some of the US assets, this has interested her. If she were to buy an insurance company, it would probably be Manulife today.

BUY

She would be comfortable putting new money to work at these levels. She keeps buying this until something goes wrong, and there hasn’t been anything that has gone wrong. The last quarter was a little weak, but was really nothing to do with anything but the weather, which was too good. They have a lot of acquisition opportunities.

COMMENT

If you want to own uranium, you own this stock because it is the pure play and the best play in the world for uranium. She doesn’t see demand coming back. The Japan story has been problematic. Every time there is a new plant supposed to be started, locals get involved and it gets killed. Also, periodically there are countries talking about switching out of uranium. She doesn’t see a robust demand for uranium.

HOLD

(Market Call Minute.) This is a hold.

HOLD

(Market Call Minute.)

HOLD

(Market Call Minute.)