Latest Expert Opinions

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

Not a buy. Its last earnings showed slower growth, but valuation hasn't gone down enough. Mid-20x forward earnings.
Cheap is below 20x. They are also facing pressure from buying products overseas and with rising labour costs. Overall, he is concerned with the Canadian consumer/retail sector because of high levels of debt.

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Dollarama Inc. (DOL-T)
October 4, 2018

Not a buy. Its last earnings showed slower growth, but valuation hasn't gone down enough. Mid-20x forward earnings.
Cheap is below 20x. They are also facing pressure from buying products overseas and with rising labour costs. Overall, he is concerned with the Canadian consumer/retail sector because of high levels of debt.

COMMENT
COMMENT
October 4, 2018

The stock got ahead of itself and has pulled back to a reasonable level. He's more positive about gold now for the frist time in a while, because the US dollar has peaked and he thinks it will roll over. The US government will become a massive borrower, and commodity prices will benefit from this. He's getting negative about the USD.

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The stock got ahead of itself and has pulled back to a reasonable level. He's more positive about gold now for the frist time in a while, because the US dollar has peaked and he thinks it will roll over. The US government will become a massive borrower, and commodity prices will benefit from this. He's getting negative about the USD.

HOLD
HOLD
October 4, 2018

Don't buy Tesla instead. We're late in the auto cycle, but Ford's valuation is cheap. Ford will get into e-cars. Don't bail on this.

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Ford Motor (F-N)
October 4, 2018

Don't buy Tesla instead. We're late in the auto cycle, but Ford's valuation is cheap. Ford will get into e-cars. Don't bail on this.

SHORT
SHORT
October 4, 2018

He's short Tesla. Forget the Elon Musk stuff. They have balance sheet and cash flow problems--they can't pay their
suppliers. They also have many production issues.

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He's short Tesla. Forget the Elon Musk stuff. They have balance sheet and cash flow problems--they can't pay their
suppliers. They also have many production issues.

COMMENT
COMMENT
October 4, 2018

A short report from Muddy Waters came out today. He's always liked MFC. Universal life policies and the way they were funded is what got them in trouble in 2008. He thought they'd walked away from this problem, and now he is not 100% sure they have. He needs to read this short report closely. Don't short or sell it, but he expects this to underperform for a while.

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A short report from Muddy Waters came out today. He's always liked MFC. Universal life policies and the way they were funded is what got them in trouble in 2008. He thought they'd walked away from this problem, and now he is not 100% sure they have. He needs to read this short report closely. Don't short or sell it, but he expects this to underperform for a while.

BUY
BUY
October 4, 2018

Stay long. It has underperformed the group. Trading under 8x forward earnings. It looks fine here. Great support here.

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Laurentian Bank (LB-T)
October 4, 2018

Stay long. It has underperformed the group. Trading under 8x forward earnings. It looks fine here. Great support here.

HOLD
HOLD
October 4, 2018

Auto parts have been a big target in the NAFTA war, so they received a lot of relief when that was signed. Auto stocks are cheap but could face a rough year ahead. We're late in the auto cycle. Don't need to sell. Hold. Don't buy.

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Auto parts have been a big target in the NAFTA war, so they received a lot of relief when that was signed. Auto stocks are cheap but could face a rough year ahead. We're late in the auto cycle. Don't need to sell. Hold. Don't buy.