Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
September 18, 2017

(A Top Pick Aug 19/16. Down 70%.) Recently exited this. He likes what they do. They recently set up another plant, and thinks they have had some challenges with that. Results have been relatively weak of late, and he wasn’t terribly thrilled with the level of communication of management. However, it continues to be on his radar. Should their earnings pick up again, he would not hesitate to Buy it back.

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Ceapro Inc. (CZO-X)
September 18, 2017

(A Top Pick Aug 19/16. Down 70%.) Recently exited this. He likes what they do. They recently set up another plant, and thinks they have had some challenges with that. Results have been relatively weak of late, and he wasn’t terribly thrilled with the level of communication of management. However, it continues to be on his radar. Should their earnings pick up again, he would not hesitate to Buy it back.

PAST TOP PICK
PAST TOP PICK
September 18, 2017

(A Top Pick Aug 19/16. Down 68%.) Still believes in this and is adding to his holdings at these levels. A turnaround story. Management has guided towards EBITDA of $18-$20 million for 2017. Where can you find a company with a market cap of about $25 million that has $275 million of revenue with an EBITDA of in the $18-$20 million range trading at a valuation of $25 million? Extremely undervalued. Thinks this could get up to the $3-$4 range if they are able to execute. They’ve shown indications of becoming consolidators in the industry. If they are able to pick up some assets for a reasonable price and achieve some economies of scale, they could be even greater than that.

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(A Top Pick Aug 19/16. Down 68%.) Still believes in this and is adding to his holdings at these levels. A turnaround story. Management has guided towards EBITDA of $18-$20 million for 2017. Where can you find a company with a market cap of about $25 million that has $275 million of revenue with an EBITDA of in the $18-$20 million range trading at a valuation of $25 million? Extremely undervalued. Thinks this could get up to the $3-$4 range if they are able to execute. They’ve shown indications of becoming consolidators in the industry. If they are able to pick up some assets for a reasonable price and achieve some economies of scale, they could be even greater than that.

COMMENT
COMMENT
September 18, 2017

Has been on his radar for a long time. Never bought them, because the stock has never moved over the long-term. They do some sort of imaging of a terrain, an area of demand for people in the oil industry. With the resource sector being weak, their stock has been weak. Has a relatively high ROE, that hasn’t translated into earnings growth in the last little while. He wouldn’t have a problem owning this because of their nice ROE profile.

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Pulse Seismic (PSD-T)
September 18, 2017

Has been on his radar for a long time. Never bought them, because the stock has never moved over the long-term. They do some sort of imaging of a terrain, an area of demand for people in the oil industry. With the resource sector being weak, their stock has been weak. Has a relatively high ROE, that hasn’t translated into earnings growth in the last little while. He wouldn’t have a problem owning this because of their nice ROE profile.

COMMENT
COMMENT
September 18, 2017

A premier asset manager. They have the renewable partners along with all sorts of entities. His only caveat is that they seem to be always raising capital. When they go to the capital markets, that depresses the price in the short term. This is not cheap.

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A premier asset manager. They have the renewable partners along with all sorts of entities. His only caveat is that they seem to be always raising capital. When they go to the capital markets, that depresses the price in the short term. This is not cheap.

COMMENT
COMMENT
September 18, 2017

They’ve done a tremendous job of adding stores. They are relentless in testing things such as using credit cards, which they tested in a few stores, and found that the customer using a credit card spent more, which justified the credit card fee the store had to pay. Has an interesting partnership with a chain in Central America. Feels they are poorly understood by the street. ROE is over 100%. P/E ratio is probably in the mid to high 20s. Growing at 30%-40%. Probably fairly valued at these levels, but he likes them a lot.

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Dollarama Inc. (DOL-T)
September 18, 2017

They’ve done a tremendous job of adding stores. They are relentless in testing things such as using credit cards, which they tested in a few stores, and found that the customer using a credit card spent more, which justified the credit card fee the store had to pay. Has an interesting partnership with a chain in Central America. Feels they are poorly understood by the street. ROE is over 100%. P/E ratio is probably in the mid to high 20s. Growing at 30%-40%. Probably fairly valued at these levels, but he likes them a lot.

DON'T BUY
DON'T BUY
September 18, 2017

Came off dramatically as oil prices came off in 2015-2016. He typically doesn’t like oil services or energy related stocks, simply because they don’t have the ROE profile he is looking for. Would prefer Pason Systems (PSI-T) or Badger (BAD-T) instead.

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Came off dramatically as oil prices came off in 2015-2016. He typically doesn’t like oil services or energy related stocks, simply because they don’t have the ROE profile he is looking for. Would prefer Pason Systems (PSI-T) or Badger (BAD-T) instead.

BUY
BUY
September 18, 2017

A Canadian success story. They’ve done a great job of increasing shareholder wealth over the long-term. It meets his criteria of being a high ROE generator, and have done it for an extended period of time. They’re off their 52-week high, so this would be a reasonable level to initiate or add to a position.

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Open Text (OTEX-T)
September 18, 2017

A Canadian success story. They’ve done a great job of increasing shareholder wealth over the long-term. It meets his criteria of being a high ROE generator, and have done it for an extended period of time. They’re off their 52-week high, so this would be a reasonable level to initiate or add to a position.