Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Michael Simpson, CFA commented about whether H-T, T-T, SPGI-N, MFC-T, CTC.A-T, STZ-N, GILD-Q, JE-T, CAE-T, CHR-T, FCR-T, ADW.A-T, APR.UN-T, CNK-N, WFG-T, ENB-T, OSB-T, STN-T, IPL-T, KEY-T, GIL-T, VET-T, MSFT-Q, ADN-T, BNS-T, AGT-T are stocks to buy or sell.
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COMMENT
Market Outlook. Seeing a good correction now in the markets. Be patient and take a disciplined approach to allocating capital. Think of it as buying good stocks on sale now. Corrections and higher volatilities are a normal part of the market. When the whole market corrects, that is an opportunity to pick up real good companies that are trading a low valuations. He thinks the US economy will slow next year but does not see a recession. He thinks the Feds may raise rates next year just once or twice depending on the economy.
COMMENT
They are based in Saskatchewan and big in lentils and pulses. Management has tabled a proposal to take the company private at $17. India is the biggest market for lentils but right now Indian demand is weak. The key will be when the investors see the package for privatization at about $17 which he thinks is too low. He will wait to see the offer in writing before he comments further.
agriculture
HOLD
They have operations in US and Canada. They were growing good in US with the housing market. They bought a company in the US with a construction division, which comes with lower margins. It is a well managed company and with the infrastructure spending in both US and Canada, he would continue to hold it.
consulting
PAST TOP PICK
(A Top Pick Sep 07/17, Up 15%) This is all related to US housing. 40 – 45% of wood demand goes into repairs and renovations. Their product also goes to China and Japan. About 2/3’s of their operations come from the US. They have a good balance sheet. He expects to see US housing industry pick up in the spring.
west coast forestry
PAST TOP PICK
(A Top Pick Sep 06/17, Up 18%) They are in the US with 30% of their revenue coming from Latin America. Their thesis was that the offering from Hollywood would improve in 2018. They offer the reclining chairs and adult beverages. He expects the fourth quarter to be tough. They are a good company and continues to hold it.
Consumer Products
