Today, Peter Imhof and Greg Newman commented about whether C-N, JPM-N, HR.UN-T, EIF-T, MFC-T, AX.UN-T, HD-N, QSR-T, TRI-T, T-T, CASH, STN-T, IFC-T, IBM-N, RY-T, SGY-T, RUS-T, META-Q, BAC-N, TRP-T, TV-T, PXT-T, BYD-T, JTR-X, PD-T, YGR-T, ZZZ-T, QST-X, DIV-T, ESP-T, PNG-X, WIR.UN-T, TOY-T, TVE-T, SVI-T, KL-T, QTRH-T, RHT-X, HBM-T, SIS-T, TWM-T, GS-T are stocks to buy or sell.
One of the better IPO's and had run up a lot, but it has been struggling lately. It's facing competition from new players offering cheap beds. They're good operators, and they dominate the Canadian market share, especially since Sears went out of business. The valuation is not expensive and has decreased. It could possibly get bought. He's monitoring the stock.
The stock has been hit lately. Their oeprations were doing well over the past few quarters. Then, PD announced they would buy Trinidad (during a market downturn), so their stock collapsed. He's trying to understand their rationale behind that announcement. Their last quarter was weak. Hold onto itnow. The stock could snap back if Ensign tops up their bid for Trinidad. Not sure what's going to happen.
It's done very well over the past 5 years. A favourite of his. They just announced a strategic plan to maybe sell the company and will announce plans before Christmas. It's buying back shares and is one of the few companies without debt. Their cash flows have been growing consistently in past years. He was buying shares yesterday; it's cheap now. (Analysts' price target $31.08)
A pure zinc play. They successfully did debt financing last year. Balance sheet and operations look good. Has met with management twice. They just said that Caribou Mine in New Brunswick will underperform, but their Burkino Faso mine will make up for it. Their numbers will still be good. Price to cash flow at 2x next year. The stock is decimated now, so it's a good time to buy, and could be weak in forthcoming tax-loss selling. (Analysts' price target $1.39)
Octobers do this--downtowns. U.S. markets needed to come off. It's healthy. The yield curve is still fine, and there's nothing to signal this will be a really deep bear. We're still in a bull market, so at some point you need to buy. You should be selling defensives like utilities because of rising rates. The tech stocks, like Google, are still a buy. He's shifting stocks. He raised more cash lately and holds 14% cash. Cash is important now. He doesn't think the FANGs (including Facebook and Google) are expensive.
It's come down a lot after a big run. It should advance again. Their Q3 report was decent, a beat. They're on track to meet their full-year guidance. It trades at 9.4x earnings and is well-capitalized. Little wrong here, but the banking sector is nervous because the Democrats could win and water down deregulation.
He likes the company and has met its managers. He would only buy it if they did an equity issue, and it seemed like they were going to a few times. There were opportunities in North Dakota and Texas, but there was a ban somewhere on drilling, and so the stock came off a lot. It's highly volatile, and it's too small and illiquid to own. You have to pick your spots on this stock. Environmentalist may be tailwind as they tell U.S. states that they must use QST services.