- Page 1/4
- Next Page
(A Top Pick Jan 24/17, Up 29%) It had come out of a disappointing quarter so the stock had sold off a bit. They are in the Auto business in Propulsion. There were concerns about being left behind as combustion engines were phased out. But hybrids are the fastest growing sector of this company. He thinks it is still quite cheap here. 12 times earnings.
Since he last recommended it, Brent which is what they price their oil in has gone up. They have yet to come up against where the end of their fields is. This company could easily be at 50 or 60k barrels in a year or two. They have a tremendous net backs on their pricing. If they get the production out that they say they will then it is a steal. (Analysts’ target: $23.00).
It is a good entry point at these levels with the demise of Sears, who were liquidating everything they could. It hurt ZZZ-T temporarily. They have a great runway to open 12 or more stores for the next two years. They are back down to 18 times earnings. It is a great entry point. (Analysts’ target: $41.00).
It came up off the bottom after going sideways for a year or two. They finally got approval from regulators on their acquisition of Boots. 13 times earnings. 42 years in a row of dividend increases. AMZN-Q is not getting into the pharmacy business tomorrow. (Analysts’ target: $87.00).
It has been better than over the last couple of years. The valuation is cheap but there are a lot of headwinds with this company. There is a heavy debt load. Despite the long base it is building he is still staying on the sidelines. You want to stay with the better quality names. You want to stay away from most of that group.
Pot Stocks in Canada. Caller was a client who wanted to buy weed last year and the guest ‘wisely’ talked him out of it but the caller put it into his portfolio a couple of weeks ago. The legislative hurtles wall be kicked off over the next years but he will not recommend it to his clients as a whole. There will be money made but a lot of money lost in the sector. He does not believe Constellation (STZ-N) will take over a pot stock.
V-N vs. MA-N. They keep going up. V-N is slightly better valuation than M-N and he prefers to by M-N when it is two or three multiple points between the two. Generally speaking they are both great and have a huge runway ahead of them. A lot of countries are still just scratching the surface. He just owns V-N right now.
V-N vs. MA-N. They keep going up. V-N is slightly better valuation than M-N and he prefers to by M-N when it is two or three multiple points between the two. Generally speaking they are both great and have a huge runway ahead of them. A lot of countries are still just scratching the surface. He just owns V-N right now.
They have had a couple of disappointing quarters, where the growth has not been there in the aftermarket side. They delivered a lot of busses and they are simply a lot better than in the past and so the repairs are down. Still a great company with a huge 3 to 4 year backlog. They announced a record backlog recently. There is some disappointment that they are not ramping up production. He would definitely hold it. They are a cash generating machine. Until they come out with another acquisition they will spin out a lot of cash that will end up in shareholder’s pockets.
Market. The Dow just keeps on going. A lot has to do with the 1 - 2 punch of tax reform. Wall street reform is right behind it. Some stocks may have gotten a little ahead of themselves. He remains constructive long term through growth in earnings on the market. He is more constructive on US vs. Canadian equities. It is a growth story in a global expansion that is not kicking in on the commodity story. There are a lot of global stocks that are not commodity related that will do well. You have to be very selective on energy stocks. You should look for energy companies that price their oil in Brent rather than WTI.