Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 4, 2018

The tariffs are still on, which doesn't help them short-term. They do have a better balance sheet now, but the steel sector is heading into a downturn with weaker demand from China. Stelco will do better than its peers, but the sector will weaken. Trading at 4x forward earnings.

The tariffs are still on, which doesn't help them short-term. They do have a better balance sheet now, but the steel sector is heading into a downturn with weaker demand from China. Stelco will do better than its peers, but the sector will weaken. Trading at 4x forward earnings.

John Zechner
Chairman, J. Zechner & Assoc
Price
$22.810
Owned
Unknown
DON'T BUY
DON'T BUY
October 4, 2018

He's been short semis which has cyclical earnings, and this cycle has run its course. He wouldn't play this sector now. It has peaked. This is not a bad holding though.

He's been short semis which has cyclical earnings, and this cycle has run its course. He wouldn't play this sector now. It has peaked. This is not a bad holding though.

John Zechner
Chairman, J. Zechner & Assoc
Price
$37.890
Owned
Unknown
BUY
BUY
October 4, 2018

The US banks have underperformed, and are a canary in the coalmine for the larger market. That said, there's support for Citigroup (earnings, international exposure, etc.) and the banks benefit from rising interest rates. Their valuation and re-structuring all work, all good. This is one of the better US banks.

CitiGroup (C-N)
October 4, 2018

The US banks have underperformed, and are a canary in the coalmine for the larger market. That said, there's support for Citigroup (earnings, international exposure, etc.) and the banks benefit from rising interest rates. Their valuation and re-structuring all work, all good. This is one of the better US banks.

John Zechner
Chairman, J. Zechner & Assoc
Price
$72.620
Owned
Yes
DON'T BUY
DON'T BUY
October 4, 2018

Doesn't see a turnaround. It's suffering from the migration of people watching movies at home. So has Cineplex. Valuation is okay, but he can't warm up to it. Viewing habits have changed dramatically.

IMAX Corp. (IMAX-N)
October 4, 2018

Doesn't see a turnaround. It's suffering from the migration of people watching movies at home. So has Cineplex. Valuation is okay, but he can't warm up to it. Viewing habits have changed dramatically.

John Zechner
Chairman, J. Zechner & Assoc
Price
$24.420
Owned
Unknown
DON'T BUY
DON'T BUY
October 4, 2018

You'd think this would be a great story in a growth economy, but there's a lot of conflict in the US-China trade talks,
especially in tech. Also, their accounting is mystery. What is their cash generation? Maybe it's accurate, but he can't get comfortable with this.

You'd think this would be a great story in a growth economy, but there's a lot of conflict in the US-China trade talks,
especially in tech. Also, their accounting is mystery. What is their cash generation? Maybe it's accurate, but he can't get comfortable with this.

John Zechner
Chairman, J. Zechner & Assoc
Price
$156.130
Owned
No
COMMENT
COMMENT
October 4, 2018

Rich valuation. They dominate ETFs and have capitalized on the rise of these products. He'd like to see how the ETF world survives in a downturn. Massive withdraws? He's in a show-me mode. Will owners panic and dump ETFs in a downturn? Do they know what these products hold?

Blackrock Inc. (BLK-N)
October 4, 2018

Rich valuation. They dominate ETFs and have capitalized on the rise of these products. He'd like to see how the ETF world survives in a downturn. Massive withdraws? He's in a show-me mode. Will owners panic and dump ETFs in a downturn? Do they know what these products hold?

John Zechner
Chairman, J. Zechner & Assoc
Price
$474.150
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
October 4, 2018

(Past Top Pick March 27, 2018, Down 26%) Frustrating. It looked promising until a short report was issued and this stock got crushed. Maxar battled that report. Still, investors are on the sidelines. This stock is ridiculously cheap.

(Past Top Pick March 27, 2018, Down 26%) Frustrating. It looked promising until a short report was issued and this stock got crushed. Maxar battled that report. Still, investors are on the sidelines. This stock is ridiculously cheap.

John Zechner
Chairman, J. Zechner & Assoc
Price
$42.010
Owned
Yes