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It took a huge beating after the IPO last year and then came back. He has difficulties with their forecasts because they are often more optimistic than they should be. They are moving into the states which will be costly. They are building a new distribution center but they take a while to ramp up. He thinks they will have tough sledding going forward and will not hit their profitability goal so there won't be a dividend any time soon. Their same store sales went up and their revenues went up, so that is positive.
It took a huge beating after the IPO last year and then came back. He has difficulties with their forecasts because they are often more optimistic than they should be. They are moving into the states which will be costly. They are building a new distribution center but they take a while to ramp up. He thinks they will have tough sledding going forward and will not hit their profitability goal so there won't be a dividend any time soon. Their same store sales went up and their revenues went up, so that is positive.
He does not buy companies that have not been around for 10 years. He does not dip into Marijuana stocks. You need to look at management and look at their track record. Many of these companies are going to fail.
He does not buy companies that have not been around for 10 years. He does not dip into Marijuana stocks. You need to look at management and look at their track record. Many of these companies are going to fail.
It is on his watch list. It has been there for a number of years. It has not done very much but once in a while it perks his interest. He is going to do a review in the next couple of weeks and it may move it up then.
It is on his watch list. It has been there for a number of years. It has not done very much but once in a while it perks his interest. He is going to do a review in the next couple of weeks and it may move it up then.
The energy sector has moved up somewhat. Gas has not done as well as oil. He made tremendous money in the past with this one but has recently been killed with what he still holds. They make promises and never come through. He is very wary of it. It could go up 10 times or go bankrupt. It is the definition of high risk / high reward.
The energy sector has moved up somewhat. Gas has not done as well as oil. He made tremendous money in the past with this one but has recently been killed with what he still holds. They make promises and never come through. He is very wary of it. It could go up 10 times or go bankrupt. It is the definition of high risk / high reward.
RRX-X amalgamation. Both went down when they announced the merger. This is unusual. There are a lot of costs involved in a merger for a quarter or three. He does not like all-paper transactions.
RRX-X amalgamation. Both went down when they announced the merger. This is unusual. There are a lot of costs involved in a merger for a quarter or three. He does not like all-paper transactions.
Pipelines have been front and center. What the Feds are doing is stupid. They should have waited. There is a chance that the government of BC will change in the next few years and the majority of the population wants the pipeline. We know we need more pipelines to get more oil to market. West Texas pipelines will be exhausted in 4 months, they say. The question is how many pipelines are needed. The energy we use is changing dramatically as well get into alternative energies. Will pipelines become white elephants in the future?
Pipelines have been front and center. What the Feds are doing is stupid. They should have waited. There is a chance that the government of BC will change in the next few years and the majority of the population wants the pipeline. We know we need more pipelines to get more oil to market. West Texas pipelines will be exhausted in 4 months, they say. The question is how many pipelines are needed. The energy we use is changing dramatically as well get into alternative energies. Will pipelines become white elephants in the future?
(A Top Pick Aug. 14/17, Up 8%) It had moved up a lot further at one time. They pay a lovely dividend. They operate in numerous companies. He does not like that they had been buying numerous companies but this had slowed recently. It could potentially be a triple. Hopefully it has just started to get going.
(A Top Pick Aug. 14/17, Up 8%) It had moved up a lot further at one time. They pay a lovely dividend. They operate in numerous companies. He does not like that they had been buying numerous companies but this had slowed recently. It could potentially be a triple. Hopefully it has just started to get going.
