Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 24, 2017

(A Top Pick Dec 22/16. Up 44%.) He likes what John Chen is doing. He basically hits targets. When looking to turn around a company this big, it takes a huge amount of time. In this case, it was more difficult, because they had to get out of one space and more into another. One of the beauties of this company is that as they turn, the analysts are on it regularly, so more people will jump into it.

BlackBerry (BB-T)
November 24, 2017

(A Top Pick Dec 22/16. Up 44%.) He likes what John Chen is doing. He basically hits targets. When looking to turn around a company this big, it takes a huge amount of time. In this case, it was more difficult, because they had to get out of one space and more into another. One of the beauties of this company is that as they turn, the analysts are on it regularly, so more people will jump into it.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$13.620
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 24, 2017

(A Top Pick Dec 22/16. Down 50%.) This deals with digitalization, things like e-books. On the conference calls, they are always super optimistic. In the last 2 conference calls, they weren’t. Sales have flatlined and they’ve been losing money. Expects that over the next 5 weeks there will be tax loss selling on this. He is happy to hold it, but it probably won’t pay off for quite a while.

(A Top Pick Dec 22/16. Down 50%.) This deals with digitalization, things like e-books. On the conference calls, they are always super optimistic. In the last 2 conference calls, they weren’t. Sales have flatlined and they’ve been losing money. Expects that over the next 5 weeks there will be tax loss selling on this. He is happy to hold it, but it probably won’t pay off for quite a while.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.080
Owned
Yes
COMMENT
COMMENT
November 24, 2017

Has been very good to him. He bought it at around $.25 several years ago, when they were potentially on the verge of bankruptcy. Brought in a new CEO who had been at another brewery that got taken over. Sold out a few months ago at $3.99. It is still over $3, so it has zero interest for him.

Has been very good to him. He bought it at around $.25 several years ago, when they were potentially on the verge of bankruptcy. Brought in a new CEO who had been at another brewery that got taken over. Sold out a few months ago at $3.99. It is still over $3, so it has zero interest for him.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$3.250
Owned
No
COMMENT
COMMENT
November 24, 2017

He would suggest looking at the goodwill on the balance sheet. If they have to write it down a long way, that would really hurt the BV. They have a tremendous amount of debt, so they are not out of the woods. Has huge upside potential. Oil and gas has come back in favour to some degree. Worth a look, but expects there will be more tax loss selling and it could go down a lot further.

He would suggest looking at the goodwill on the balance sheet. If they have to write it down a long way, that would really hurt the BV. They have a tremendous amount of debt, so they are not out of the woods. Has huge upside potential. Oil and gas has come back in favour to some degree. Worth a look, but expects there will be more tax loss selling and it could go down a lot further.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.480
Owned
Yes
COMMENT
COMMENT
November 24, 2017

Besides sugar, this is now going into maple syrup. Thinks that is a smart move. The company has been a great spin off in terms of dividends. Has never bought this, but wishes he had. Maple sugar is not out of favour the way sugar is. He is not buying, because there is not enough upturn in the stock. They pay a really good dividend.

Rogers Sugar Inc (RSI-T)
November 24, 2017

Besides sugar, this is now going into maple syrup. Thinks that is a smart move. The company has been a great spin off in terms of dividends. Has never bought this, but wishes he had. Maple sugar is not out of favour the way sugar is. He is not buying, because there is not enough upturn in the stock. They pay a really good dividend.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$6.230
Owned
No
COMMENT
COMMENT
November 24, 2017

This has fallen a long way. What you have to think about is, should you take a tax loss. If you haven’t done it yet, it might be worthwhile. You can also buy it back after 30 days and you will have crystallized your loss.

This has fallen a long way. What you have to think about is, should you take a tax loss. If you haven’t done it yet, it might be worthwhile. You can also buy it back after 30 days and you will have crystallized your loss.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$13.700
Owned
Unknown
COMMENT
COMMENT
November 24, 2017

Has been badly beaten up. In 2014, revenues were about $11 million, and are now looking at about $100 million. BV is around $.85, so it is still trading at around 3X BV. The important thing is that insiders have been selling like crazy. When this happens, that is not a good sign. Not a contrarian stock to his way of thinking.

CRH Medical Corp. (CRH-T)
November 24, 2017

Has been badly beaten up. In 2014, revenues were about $11 million, and are now looking at about $100 million. BV is around $.85, so it is still trading at around 3X BV. The important thing is that insiders have been selling like crazy. When this happens, that is not a good sign. Not a contrarian stock to his way of thinking.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.520
Owned
No