Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
June 14, 2018

(A Top Pick Jun. 26/17, Down 5%) They are now the largest in the industry. They are extremely well managed. They had record results and raised the dividend several times since he recommended it. It is trading below book value. It is a great value investment and is growing well despite the new mortgage rules. Customers wanting to take mortgages elsewhere are subject to the new stress tests.

(A Top Pick Jun. 26/17, Down 5%) They are now the largest in the industry. They are extremely well managed. They had record results and raised the dividend several times since he recommended it. It is trading below book value. It is a great value investment and is growing well despite the new mortgage rules. Customers wanting to take mortgages elsewhere are subject to the new stress tests.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$58.180
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 14, 2018

(A Top Pick Jun. 26/17, Down 2%) One of his larger holdings. Decaffeinate without using the paint remover chemical. Big clients are Tim Horton's, McDonalds and others. They are building a new plant.

(A Top Pick Jun. 26/17, Down 2%) One of his larger holdings. Decaffeinate without using the paint remover chemical. Big clients are Tim Horton's, McDonalds and others. They are building a new plant.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$6.090
Owned
Yes
BUY
BUY
June 14, 2018

A core holding for him. He participated in the new issue. They have market share estimated at 40%. A very well managed company. They have much higher customer loyalty and lower customer turn than others. They are managing their costs. They are spending a lot in marketing. They are investing in the growth of the business to get greater market share. It is cooking for dummies. He thinks they will do very well and could get acquired by a big grocery chain.

A core holding for him. He participated in the new issue. They have market share estimated at 40%. A very well managed company. They have much higher customer loyalty and lower customer turn than others. They are managing their costs. They are spending a lot in marketing. They are investing in the growth of the business to get greater market share. It is cooking for dummies. He thinks they will do very well and could get acquired by a big grocery chain.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$2.500
Owned
Yes
COMMENT
COMMENT
June 14, 2018

This has been a freight train hitting new highs. After decades of consolidation economies of scale have been reached. Valuation is way too rich for him. It is a good business but you have to buy it right.

This has been a freight train hitting new highs. After decades of consolidation economies of scale have been reached. Valuation is way too rich for him. It is a good business but you have to buy it right.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$99.900
Owned
Unknown
DON'T BUY
DON'T BUY
June 14, 2018

He sold not that long ago. He is concerned about the sector. These are extremely volatile stocks. It has been punished by its own results and uncertainty due to NAFTA. These companies ride the cycle of new vehicle sales and launches. You want to buy them really cheap when nobody wants them. Stay out of the sector right now.

Linamar Corp (LNR-T)
June 14, 2018

He sold not that long ago. He is concerned about the sector. These are extremely volatile stocks. It has been punished by its own results and uncertainty due to NAFTA. These companies ride the cycle of new vehicle sales and launches. You want to buy them really cheap when nobody wants them. Stay out of the sector right now.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$63.730
Owned
No
HOLD
HOLD
June 14, 2018

He has PPL-T which has done phenomenal. In the past they bit off too much more than they could chew. They are in retrenchment mode. It will survive. Pipelines are far more complicated now in getting permits. Hang on for many years and you will do fine. Don’t expect a quick recovery.

Enbridge (ENB-T)
June 14, 2018

He has PPL-T which has done phenomenal. In the past they bit off too much more than they could chew. They are in retrenchment mode. It will survive. Pipelines are far more complicated now in getting permits. Hang on for many years and you will do fine. Don’t expect a quick recovery.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$42.690
Owned
No
PARTIAL SELL
PARTIAL SELL
June 14, 2018

e looked carefully at it but it got away from him. It is related to the semiconductor industry. There is cyclicality to it. It is hard to understand what they do. You want to buy when the multiple is cheap. It is a great turnaround story. They generated good growth. Sales can be lumpy. It is richly valued and he would trim at this level.

e looked carefully at it but it got away from him. It is related to the semiconductor industry. There is cyclicality to it. It is hard to understand what they do. You want to buy when the multiple is cheap. It is a great turnaround story. They generated good growth. Sales can be lumpy. It is richly valued and he would trim at this level.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$2.300
Owned
Unknown