Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Josef Schachter and Colin Stewart commented about whether GIL.TO, META, SIS.TO, CHP.UN.TO, L.TO, OSB.TO, SHOP.TO, V, IBG.TO, TCW.TO, CLIQ.TO, CAS.TO, SAP, PBL.TO, DOL.TO, VZ, AMZN, PLC.TO, JWEL.TO, BRB.TO, GC.TO, ISC.TO, BNS.TO, SU.TO, VET.TO, SGY.TO, CPG.TO, BTE.TO, IPO.TO, PEY.TO, BBI.V, PRQ.TO, TDG.TO, BXE.TO, SDX.L, CR.TO, BIR.TO, OBE.TO, TOU.TO, CQE.TO, STEP.TO are stocks to buy or sell.
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WAIT
The utilization rate in the US is under duress. They slowed drilling in Q4. This stock is very cheap. The balance sheet is good. Book value is $3.27 and the stocks trades less than half that. The company has been buying back shares. You have to wait for the turn in the cycle. Buy it during tax loss season.
oilgas field services
N/A
OPEC meeting in early December. They are talking about cutting back production but only one country will do it. Differentials will narrow as a new refinery comes online. However we need asphalt season next spring to boost the stock.
Josef SchachterUnknown
BUY
29% debt to book value. $2.81 is their book value. He thinks they will increase production in the fourth quarter. (Guest's target: $2.50).
Josef SchachterOwned
Energy
TOP PICK
Dividend is almost 6%. They made a recent acquisition and if the price of energy goes back up they can think about a dividend increase. It could be a double or a triple. (Analysts’ price target is $3.35)
Josef SchachterOwned
oilgas
TOP PICK
The 8.4% dividend that is secure. This is a very, very cheap stock. The dividend allows lots of time to resolve all the issues. (Analysts’ price target is $52.53)
Josef SchachterOwned
oilgas
BUY
He doesn't like the energy space, but this is among the best in this sector. Integrated, and well-run, with an upstream and a downstream business. They have more than one way to make money. Boast a solid balance sheet. Good dividend. We are close to the bottom of pessimism about Canadian oil. He's confident about the new CEO.
integrated oils
TOP PICK
A dominant land registry business with a contract with the Saskatchewan government lasting 15 years. Their technology division provides registry software around the globe. Also have a services business to supply info to corporations. High barriers to entry and generates a lot of free cash flow. Trades at a discount valuation. 5% dividend. A steady business. (Analysts’ price target is $22.00)
Colin StewartOwned
Financial Services
TOP PICK
Has owned it for over a year. They started with BC casino and have expanded to Ontario. They almost have a gambling monopoly in Toronto for 20 years with developments in the Woodbine Casino and in Durham. Good demand here for gambling. (Analysts’ price target is $59.00)
Colin StewartOwned
entertainment services
TOP PICK
Well-run. Lots of excess capacity with potential (he suspects they are) to be an early player in fusing cannabis with beer. BRB has lot of experience in blending drinks. Cheap valuation and good balance sheet. Potential upside in cannabis-beer. There's always the chance of a bigger player buying out the Brick. (Analysts’ price target is $4.66)
Colin StewartOwned
breweriesbeverages
COMMENT
Another sell-off today: we will see a bounce, but we are late-cycle and investors have trade concerns and about interest rates rising by central banks. Now, investors should be defensive. If you have cash, you can find some opportunities to buy oversold companies. He can't predict the bottom. Instead, focus on companies you like, maybe buy on days like today, considering dollar-cost averaging where you buy a company over a few weeks (buy-wait-buy). He has 20-25% cash and has invested about 4% of that recently. This is a normal correction, not a bear market. As for tech, Netflix and Amazon are too expensive now, but Google is good now.
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