Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 26, 2017

It is a tricky one. He has been a shareholder in the past. He recommends staying away because it is a complicated situation. He questions issuing equity that is dilutive if there was so much value in their real estate. If the retail business can’t afford to pay the rent eventually then it does not substantiate the value on those properties.

Hudson Bay Co. (HBC-T)
October 26, 2017

It is a tricky one. He has been a shareholder in the past. He recommends staying away because it is a complicated situation. He questions issuing equity that is dilutive if there was so much value in their real estate. If the retail business can’t afford to pay the rent eventually then it does not substantiate the value on those properties.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$11.560
Owned
No
HOLD
HOLD
October 26, 2017

He has been trimming his position because it has been doing quite well. It pays a nice dividend and they recently reported a good quarter. It is a little more expensive than it used to be. It is at 13 times forward earnings and it reflects the benefits of reducing regulation and rising interest rates. Some of that good news is priced in. He has reduced his position size to some extent.

He has been trimming his position because it has been doing quite well. It pays a nice dividend and they recently reported a good quarter. It is a little more expensive than it used to be. It is at 13 times forward earnings and it reflects the benefits of reducing regulation and rising interest rates. Some of that good news is priced in. He has reduced his position size to some extent.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$101.740
Owned
Yes
HOLD
HOLD
October 26, 2017

Lottery ticket manufacturer. He has owned it for a while. It is not that well followed but a couple of analysts have written reports on it. Going forward they are looking for other acquisitions that are businesses they can get into, related to lotteries. They are dominant.

Lottery ticket manufacturer. He has owned it for a while. It is not that well followed but a couple of analysts have written reports on it. Going forward they are looking for other acquisitions that are businesses they can get into, related to lotteries. They are dominant.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$14.470
Owned
Yes
HOLD
HOLD
October 26, 2017

He can’t comment on the day to day performance and possible short selling. They have a very significant presence in fast growing Asia. He has nothing negative to say about them. They suffered from complicated accounting. If you think interest rates will go up over time then they will benefit. You should not worry too much about day to day volatility.

Manulife Financial (MFC-T)
October 26, 2017

He can’t comment on the day to day performance and possible short selling. They have a very significant presence in fast growing Asia. He has nothing negative to say about them. They suffered from complicated accounting. If you think interest rates will go up over time then they will benefit. You should not worry too much about day to day volatility.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$26.000
Owned
No
BUY
BUY
October 26, 2017

Gives exposure to alcohol generally and they are trying to grow in the wine space. They made acquisitions in Canada. Some of it is priced into the stock. His focus has been into more domestic and smaller companies. It is a good bet to get exposure to the wine industry which he is positive on.

Gives exposure to alcohol generally and they are trying to grow in the wine space. They made acquisitions in Canada. Some of it is priced into the stock. His focus has been into more domestic and smaller companies. It is a good bet to get exposure to the wine industry which he is positive on.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$211.740
Owned
No
SELL
SELL
October 26, 2017

He is fairly negative on the auto parts sector. It has had a good run here. There are two primary uncertainties. Where are we in the auto cycle – at peak levels? – He thinks auto sales will moderate slightly. Then there is the impact of the electric car, which do not need as many parts. Then there is NAFTA which is unpredictable. Until there is more clarity regarding NAFTA, there is risk in this sector.

Magna Int'l. (A) (MG-T)
October 26, 2017

He is fairly negative on the auto parts sector. It has had a good run here. There are two primary uncertainties. Where are we in the auto cycle – at peak levels? – He thinks auto sales will moderate slightly. Then there is the impact of the electric car, which do not need as many parts. Then there is NAFTA which is unpredictable. Until there is more clarity regarding NAFTA, there is risk in this sector.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$70.900
Owned
Unknown
DON'T BUY
DON'T BUY
October 26, 2017

Guidance on coal sales is weak. They did a great job of de-levering the balance sheet and reducing costs. Today’s slide is based on coal pricing. It is a pretty well run business but he does not like the inherent volatility in commodity prices.

Guidance on coal sales is weak. They did a great job of de-levering the balance sheet and reducing costs. Today’s slide is based on coal pricing. It is a pretty well run business but he does not like the inherent volatility in commodity prices.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$26.810
Owned
No