Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
August 10, 2018

Dollarama vs Canadian Tire. He used to own Dollarama (DOL-T) and believes the growth will flatten out. He owns Canadian Tire (CTC.A-T) and the recent earnings surprise is not too worrisome to him. He thinks the CTC.A-T model to roll out directly to in-home sales will take time and does not believe the stock will go down much lower from here. Overall, he thinks it is a better valuation than DOL-T.

Dollarama Inc. (DOL-T)
August 10, 2018

Dollarama vs Canadian Tire. He used to own Dollarama (DOL-T) and believes the growth will flatten out. He owns Canadian Tire (CTC.A-T) and the recent earnings surprise is not too worrisome to him. He thinks the CTC.A-T model to roll out directly to in-home sales will take time and does not believe the stock will go down much lower from here. Overall, he thinks it is a better valuation than DOL-T.

Mike Archibald
Associate Portfolio Manager, AGF Investments
Price
$46.690
Owned
Unknown
COMMENT
COMMENT
August 10, 2018

Dollarama vs Canadian Tire. He used to own Dollarama (DOL-T) and believes the growth will flatten out. He owns Canadian Tire (CTC.A-T) and the recent earnings surprise is not too worrisome to him. He thinks the CTC.A-T model to roll out directly to in-home sales will take time and does not believe the stock will go down much lower from here. Overall, he thinks it is a better valuation than DOL-T.

Dollarama vs Canadian Tire. He used to own Dollarama (DOL-T) and believes the growth will flatten out. He owns Canadian Tire (CTC.A-T) and the recent earnings surprise is not too worrisome to him. He thinks the CTC.A-T model to roll out directly to in-home sales will take time and does not believe the stock will go down much lower from here. Overall, he thinks it is a better valuation than DOL-T.

Mike Archibald
Associate Portfolio Manager, AGF Investments
Price
$166.100
Owned
Unknown
BUY
BUY
August 10, 2018

He has been following this one closely since the IPO at $6. They have evolved the company into a landed home building community, building master community centres, particularly in the sunbelt of the US. They are operating about 17,000 family homes. Recent earnings were positive. The market has not yet really appreciated the true value of this stock and it trades at a 15% discount to its NAV. It has struggled getting through $12, so will be watching to see if it can get to $14 soon.

He has been following this one closely since the IPO at $6. They have evolved the company into a landed home building community, building master community centres, particularly in the sunbelt of the US. They are operating about 17,000 family homes. Recent earnings were positive. The market has not yet really appreciated the true value of this stock and it trades at a 15% discount to its NAV. It has struggled getting through $12, so will be watching to see if it can get to $14 soon.

Mike Archibald
Associate Portfolio Manager, AGF Investments
Price
$11.540
Owned
Yes
HOLD
HOLD
August 10, 2018

They have owned this for some time. It has holdings in Mr. Lube, Sutton Group and Airmiles. They hold a lot of cash and have a dividend over 6%. He would continue to hold this. Yield 6%.

They have owned this for some time. It has holdings in Mr. Lube, Sutton Group and Airmiles. They hold a lot of cash and have a dividend over 6%. He would continue to hold this. Yield 6%.

Mike Archibald
Associate Portfolio Manager, AGF Investments
Price
$3.180
Owned
Yes
DON'T BUY
DON'T BUY
August 10, 2018

They exited their position when they announced an acquisition in the US a couple of months ago – and they were relieved they did so. The company reported management changes last night and took a write down on the Chicago dealership asset of $45 million – a third of the asset value. Same store sales were down again. It is a good business, but the value is not worth investing in at this point. He thinks the earnings per share will continue to decline.

AutoCanada Inc. (ACQ-T)
August 10, 2018

They exited their position when they announced an acquisition in the US a couple of months ago – and they were relieved they did so. The company reported management changes last night and took a write down on the Chicago dealership asset of $45 million – a third of the asset value. Same store sales were down again. It is a good business, but the value is not worth investing in at this point. He thinks the earnings per share will continue to decline.

Mike Archibald
Associate Portfolio Manager, AGF Investments
Price
$10.750
Owned
No
HOLD
HOLD
August 10, 2018

It has been a large position in their portfolio. A great management team that has grown the volume from under 10,000 boed to 45,000 boed. They have decided to look for a strategic exit of the Colombia assets and this may have spooked investors. He does not expect management to do anything crazy. He continues to recommend holding it, expecting it to sustain $18.

It has been a large position in their portfolio. A great management team that has grown the volume from under 10,000 boed to 45,000 boed. They have decided to look for a strategic exit of the Colombia assets and this may have spooked investors. He does not expect management to do anything crazy. He continues to recommend holding it, expecting it to sustain $18.

Mike Archibald
Associate Portfolio Manager, AGF Investments
Price
$19.060
Owned
Yes
HOLD
HOLD
August 10, 2018

This has been a bit of a disappointment for them as it has taken longer than expected to ramp up the activity in the US. He would continue to hold it. This will trade on contract announcements and they recently announced a winner in Georgia.

This has been a bit of a disappointment for them as it has taken longer than expected to ramp up the activity in the US. He would continue to hold it. This will trade on contract announcements and they recently announced a winner in Georgia.

Mike Archibald
Associate Portfolio Manager, AGF Investments
Price
$1.380
Owned
Yes