Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
January 18, 2018

(A Top Pick Nov 3/17, Up 54%) They have all done really well. This one is the 4th largest lumber player. The valuations now are not as cheap as when he bought them but the price momentum is still there. There is always a chance that someone takes them out. They have 60% production in the US so all tariffs would do is drive the price higher.

Interfor Corp (IFP-T)
January 18, 2018

(A Top Pick Nov 3/17, Up 54%) They have all done really well. This one is the 4th largest lumber player. The valuations now are not as cheap as when he bought them but the price momentum is still there. There is always a chance that someone takes them out. They have 60% production in the US so all tariffs would do is drive the price higher.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$22.810
Owned
Yes
SELL
SELL
January 18, 2018

He has a small short position. It is not a high conviction short, but does not have a strong price momentum.

Cascades Inc (CAS-T)
January 18, 2018

He has a small short position. It is not a high conviction short, but does not have a strong price momentum.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$13.900
Owned
Yes
COMMENT
COMMENT
January 18, 2018

The acquisition is a big one and because of the size there is some fear they can’t get it done. There is more risk to this deal than normal. It is in no man’s land otherwise. It has not got strong price momentum, but has a good balance sheet.

CVS Health Corp (CVS-N)
January 18, 2018

The acquisition is a big one and because of the size there is some fear they can’t get it done. There is more risk to this deal than normal. It is in no man’s land otherwise. It has not got strong price momentum, but has a good balance sheet.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$79.350
Owned
Unknown
WATCH
WATCH
January 18, 2018

He likes it. It is a long in three of his funds. It has good valuation. There is one particularly large seller and that has held back the price. He would like to see it stronger, but all of its peers are picking up good momentum. 16 times PE and a really solid balance sheet. It should get a pop when the last of the selling clears up.

He likes it. It is a long in three of his funds. It has good valuation. There is one particularly large seller and that has held back the price. He would like to see it stronger, but all of its peers are picking up good momentum. 16 times PE and a really solid balance sheet. It should get a pop when the last of the selling clears up.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$3.900
Owned
Yes
WATCH
WATCH
January 18, 2018

He is not convinced that online streaming is why it is down. It is more likely that there is fear of a dividend cut coming. Hold off until after any cut happens. Their cinema business is under pressure. It was always viewed as a steady dividend payer but it is over 100% payout ratio now. They have a slowing growth business and will have to cut the dividend. If you saw a dividend cut that would probably be the day to buy it.

Cineplex Inc (CGX-T)
January 18, 2018

He is not convinced that online streaming is why it is down. It is more likely that there is fear of a dividend cut coming. Hold off until after any cut happens. Their cinema business is under pressure. It was always viewed as a steady dividend payer but it is over 100% payout ratio now. They have a slowing growth business and will have to cut the dividend. If you saw a dividend cut that would probably be the day to buy it.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$29.900
Owned
Unknown
DON'T BUY
DON'T BUY
January 18, 2018

It has one of the best price momentums in the S&P but the valuation is out of this world. It has a lot of takeout multiple built into it. But it is one of the FANG stocks. This is part of the Euphoric trade that he worries about.

Netflix Inc. (NFLX-Q)
January 18, 2018

It has one of the best price momentums in the S&P but the valuation is out of this world. It has a lot of takeout multiple built into it. But it is one of the FANG stocks. This is part of the Euphoric trade that he worries about.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$220.330
Owned
Unknown
DON'T BUY
DON'T BUY
January 18, 2018

He does not buy or short gold stocks. From a momentum perspective, it fails poorly. With a trend down it will tend to get more selling until it reaches a floor, which it has not. There is not much cash flow and a small yield. It is a volatile stock.

Alamos Gold Inc (AGI-T)
January 18, 2018

He does not buy or short gold stocks. From a momentum perspective, it fails poorly. With a trend down it will tend to get more selling until it reaches a floor, which it has not. There is not much cash flow and a small yield. It is a volatile stock.

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$7.520
Owned
No