Latest Expert Opinions

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
June 15, 2018

The company has gone from simply a coal producer and then to a metallurgical coal producer and now by Q4 Fort Hills will come on stream with copper, coal and energy. Nice transformation in the company. There is a hiccup in all the commodities today. The 10 year bond is looking like it will break 290. He is surprised how well the market is behaving today. He would be a buyer on a pull back.

The company has gone from simply a coal producer and then to a metallurgical coal producer and now by Q4 Fort Hills will come on stream with copper, coal and energy. Nice transformation in the company. There is a hiccup in all the commodities today. The 10 year bond is looking like it will break 290. He is surprised how well the market is behaving today. He would be a buyer on a pull back.

Frank Mersch
Portfolio Manager, Jamekk Capital Management
Price
$35.430
Owned
Unknown
BUY
BUY
June 15, 2018

A payments company. In the last 6-9 months they purchased the Euro portion of this company. We are seeing more and more payments of this kind occurring. Payment systems are being embraced globally. Visa and Master card are clearly winning.

Visa Inc. (V-N)
June 15, 2018

A payments company. In the last 6-9 months they purchased the Euro portion of this company. We are seeing more and more payments of this kind occurring. Payment systems are being embraced globally. Visa and Master card are clearly winning.

Frank Mersch
Portfolio Manager, Jamekk Capital Management
Price
$135.100
Owned
Unknown
WAIT
WAIT
June 15, 2018

An auto manufacturer and the worst performer of the group. When you look at tariffs on steel, it will affect the price of a car. The question is whether the auto companies can move the costs on quickly. He does not think Ford can pass the costs through. We are probably getting to the tail end of the growth in sales. Let it play out before taking an interest.

Ford Motor (F-N)
June 15, 2018

An auto manufacturer and the worst performer of the group. When you look at tariffs on steel, it will affect the price of a car. The question is whether the auto companies can move the costs on quickly. He does not think Ford can pass the costs through. We are probably getting to the tail end of the growth in sales. Let it play out before taking an interest.

Frank Mersch
Portfolio Manager, Jamekk Capital Management
Price
$11.880
Owned
Unknown
BUY
BUY
June 15, 2018

Once we get through trade issues we will start to see 10 year rates rise higher. He thinks loan growth will continue to grow in the US. This along with MG-N he has no problem putting into the portfolio.

Once we get through trade issues we will start to see 10 year rates rise higher. He thinks loan growth will continue to grow in the US. This along with MG-N he has no problem putting into the portfolio.

Frank Mersch
Portfolio Manager, Jamekk Capital Management
Price
$29.280
Owned
Yes
SELL
SELL
June 15, 2018

They have been acquiring a lot of businesses. They are managing a growth profile. Bu you should be concerned about the dilution. There are concerns that they will do underwritings and go lower. He is short. He is long others in the space. Cannabis is quite different in Canada than in the US. You can’t do the edibles. You are just a grower/distributor and trying to develop a brand without advertizing. It is going to b a different approach for a number of years. The future growth is in the edibles. See HMMJ-T. The bulk of the group is at risk. We have not seen anybody process in bulk because it is still illegal to produce.

They have been acquiring a lot of businesses. They are managing a growth profile. Bu you should be concerned about the dilution. There are concerns that they will do underwritings and go lower. He is short. He is long others in the space. Cannabis is quite different in Canada than in the US. You can’t do the edibles. You are just a grower/distributor and trying to develop a brand without advertizing. It is going to b a different approach for a number of years. The future growth is in the edibles. See HMMJ-T. The bulk of the group is at risk. We have not seen anybody process in bulk because it is still illegal to produce.

Frank Mersch
Portfolio Manager, Jamekk Capital Management
Price
$9.060
Owned
Unknown
COMMENT
COMMENT
June 15, 2018

Morphed itself from a cable company to a mobility company. Over the last number of years it has been subscriber uptake that has driven them. The weakness is on the enterprise side, which T-T is strong in. Generally this one is a utility with reasonable growth at the end of the day. The future has to do with how fast they will deploy 5 G.

Morphed itself from a cable company to a mobility company. Over the last number of years it has been subscriber uptake that has driven them. The weakness is on the enterprise side, which T-T is strong in. Generally this one is a utility with reasonable growth at the end of the day. The future has to do with how fast they will deploy 5 G.

Frank Mersch
Portfolio Manager, Jamekk Capital Management
Price
$62.350
Owned
Unknown
BUY
BUY
June 15, 2018

Shaw will get a good chunk of this first 5 G spectrum. Chorus is up for sale. Shaw has a fair amount of debt and will benefit from the sale. Once spectrum has been allocated it will benefit Shaw and Rogers. There are certain parts of the country where each company does not have a foot print. It would be nice to see them come to an agreement. Shaw pays a 4% monthly yield. Last quarter it had pretty good subscriber growth.

Shaw will get a good chunk of this first 5 G spectrum. Chorus is up for sale. Shaw has a fair amount of debt and will benefit from the sale. Once spectrum has been allocated it will benefit Shaw and Rogers. There are certain parts of the country where each company does not have a foot print. It would be nice to see them come to an agreement. Shaw pays a 4% monthly yield. Last quarter it had pretty good subscriber growth.

Frank Mersch
Portfolio Manager, Jamekk Capital Management
Price
$27.740
Owned
Unknown