Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 26, 2018

All money managers are down this year 25-35%, worse in the U.S. Only Guardian Capital has held up. These are plays on the overall market, so as markets go down, assets leave the asset managers. So, the macro has hurt GS. Last quarter, $250 million in assets left GS out of a total of $8 billion. There are worries among asset managers that more assets will leave them as investors panic in this downturn. Cheap multiple.

All money managers are down this year 25-35%, worse in the U.S. Only Guardian Capital has held up. These are plays on the overall market, so as markets go down, assets leave the asset managers. So, the macro has hurt GS. Last quarter, $250 million in assets left GS out of a total of $8 billion. There are worries among asset managers that more assets will leave them as investors panic in this downturn. Cheap multiple.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$11.450
Owned
Unknown
COMMENT
COMMENT
October 26, 2018

Frustrating. They trade at a much lower multiple than the larger midstream players. They started to deliver on their numbers. Trades at a lower multiple than their peers. This stock should move up. They just need to continue to execute. Brokers are calling him to sell his shares, so there is demand (but he won't sell). He's held this for a long time. Their fair value is higher than the current share price.

Frustrating. They trade at a much lower multiple than the larger midstream players. They started to deliver on their numbers. Trades at a lower multiple than their peers. This stock should move up. They just need to continue to execute. Brokers are calling him to sell his shares, so there is demand (but he won't sell). He's held this for a long time. Their fair value is higher than the current share price.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$1.360
Owned
Yes
HOLD
HOLD
October 26, 2018

Been stellar for him. But it's lumpy because of low-volume trading. Not super cheap, but boasts good earnings, and they are raising their dividend. It's a niche player in the seniors demographic. He is holding it for the long term.

Savaria Corp(SIS-T)
October 26, 2018

Been stellar for him. But it's lumpy because of low-volume trading. Not super cheap, but boasts good earnings, and they are raising their dividend. It's a niche player in the seniors demographic. He is holding it for the long term.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$16.530
Owned
Yes
HOLD
HOLD
October 26, 2018

All the base metals are getting creamed, down a ton. Frustrating--they aren't hitting on any of their metrics. It's getting more difficult to produce copper at present prices, problems with the mines. It's oversold. There could be heavy tax-loss selling soon. He wishes operations were going better. In a recent controversy, a seller doesn't want Hudbay to buy anything now as takeover and merger specualtion ensues.

Hudbay Minerals Inc.(HBM-T)
October 26, 2018

All the base metals are getting creamed, down a ton. Frustrating--they aren't hitting on any of their metrics. It's getting more difficult to produce copper at present prices, problems with the mines. It's oversold. There could be heavy tax-loss selling soon. He wishes operations were going better. In a recent controversy, a seller doesn't want Hudbay to buy anything now as takeover and merger specualtion ensues.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$4.950
Owned
Yes
SELL
SELL
October 26, 2018

He recommended it two years ago. Recently they warned that revenues would be delayed. They have governance issues too. He sold his shares. He saw too many red flags and expects lawsuits against them. He feels bad, because he recommended this stock. He has no confidence in management. Sometimes you have to take your lumps.

He recommended it two years ago. Recently they warned that revenues would be delayed. They have governance issues too. He sold his shares. He saw too many red flags and expects lawsuits against them. He feels bad, because he recommended this stock. He has no confidence in management. Sometimes you have to take your lumps.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$0.480
Owned
No
HOLD
HOLD
October 26, 2018

Hasn't looked at this closely. They were planning to make some acqusitions and be more of a holding company, then they had a bump when they reached some settlements with Apple, which is contesting those settlements. The stock looks cheap, but he's not big on holding companies. Don't sell now; it's too cheap and holding on better than most stocks in the current downturn. It's a defensive position. If they get the money from Apple, it should move up nicely. He doesn't own this stock, because it's too small.

Quarterhill Inc(QTRH-T)
October 26, 2018

Hasn't looked at this closely. They were planning to make some acqusitions and be more of a holding company, then they had a bump when they reached some settlements with Apple, which is contesting those settlements. The stock looks cheap, but he's not big on holding companies. Don't sell now; it's too cheap and holding on better than most stocks in the current downturn. It's a defensive position. If they get the money from Apple, it should move up nicely. He doesn't own this stock, because it's too small.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$1.680
Owned
No
BUY
BUY
October 26, 2018

A great stock, especially as other gold stocks implode. One of the TSX performers in the past 12 months. They continue to get stronger gold grades all the time. Operations are good and their margins continue to increase, even more if gold prices rise.

Kirkland Lake Gold(KL-T)
October 26, 2018

A great stock, especially as other gold stocks implode. One of the TSX performers in the past 12 months. They continue to get stronger gold grades all the time. Operations are good and their margins continue to increase, even more if gold prices rise.

Peter Imhof
Vice President & Portfolio Manager, AGF Investments Inc
Price
$26.400
Owned
Yes