Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
November 28, 2018
He's avoided utilities until recently. Has good price momentum and it's stable, but it's 16x PE is merely okay. AQN carries a fair bit of debt. He's neutral on AQN.
He's avoided utilities until recently. Has good price momentum and it's stable, but it's 16x PE is merely okay. AQN carries a fair bit of debt. He's neutral on AQN.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$13.890
Owned
No
DON'T BUY
DON'T BUY
November 28, 2018
He's shorting it. It's too expensive vs. peers. It pays a good yield and has a good payout ratio. But he prefers CIBC and other peers.
Laurentian Bank (LB-T)
November 28, 2018
He's shorting it. It's too expensive vs. peers. It pays a good yield and has a good payout ratio. But he prefers CIBC and other peers.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$41.330
Owned
No
COMMENT
COMMENT
November 28, 2018
Husky Energy is bidding for this at $11/share and trading at $8.01 today, so if the bid is approved, will a shareholder get that $11/share buying at $8.01? No, because it's not a cash bid, but a hostile one in shares at 0.57 shares of Husky. Meg is tracking Husky down. It's now trading at a 60-cent implied discount to the Husky bid. He expects this deal to go through. Meg is worth about $8.60/share in terms of Husky shares, then you'll end up owning shares of Husky, then you can decide what to do with them (hold or sell). So, you'd buy shares of Meg, short Husky and hope to pick up that 60 cents when the deal closes.
MEG Energy Corp (MEG-T)
November 28, 2018
Husky Energy is bidding for this at $11/share and trading at $8.01 today, so if the bid is approved, will a shareholder get that $11/share buying at $8.01? No, because it's not a cash bid, but a hostile one in shares at 0.57 shares of Husky. Meg is tracking Husky down. It's now trading at a 60-cent implied discount to the Husky bid. He expects this deal to go through. Meg is worth about $8.60/share in terms of Husky shares, then you'll end up owning shares of Husky, then you can decide what to do with them (hold or sell). So, you'd buy shares of Meg, short Husky and hope to pick up that 60 cents when the deal closes.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$7.980
Owned
Unknown
HOLD
HOLD
November 28, 2018
Its challenge is poor price momentum, especially during tax-loss selling season. However, its valuation is cheap, scoring in the top 5%. Trades at 6zx cash flow. Not a growth stock anymore. But at this price, it's good. It pays 9% dividend yield with a 78% payout ratio. Don't sell it here; it's too cheap.
Its challenge is poor price momentum, especially during tax-loss selling season. However, its valuation is cheap, scoring in the top 5%. Trades at 6zx cash flow. Not a growth stock anymore. But at this price, it's good. It pays 9% dividend yield with a 78% payout ratio. Don't sell it here; it's too cheap.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$10.670
Owned
Unknown
COMMENT
COMMENT
November 28, 2018
He's neutral. Good ROE and good balance sheet, but no real yield. It's in no-man's land for him.
Accenture Ltd. (ACN-N)
November 28, 2018
He's neutral. Good ROE and good balance sheet, but no real yield. It's in no-man's land for him.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$162.210
Owned
No
SHORT
SHORT
November 28, 2018
Has a small short, because its price momentum has rolled over. It's a growth stock. Valuation with high 29% ROE. Fine balance sheet. Made their last quarter. To get more interested in this, he wants to see better price momentum.
Spin Master Corp (TOY-T)
November 28, 2018
Has a small short, because its price momentum has rolled over. It's a growth stock. Valuation with high 29% ROE. Fine balance sheet. Made their last quarter. To get more interested in this, he wants to see better price momentum.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$39.830
Owned
Yes
BUY
BUY
November 28, 2018
CP vs. CN He likes and owns both. You're good to own either. Crude by rail is a tailwind. CP: great price momentum and valuation; it ranks in the top 25% of all stocks for him. CN: Almost the same, also in the top 25% and scores slightly better than CP.
CP vs. CN He likes and owns both. You're good to own either. Crude by rail is a tailwind. CP: great price momentum and valuation; it ranks in the top 25% of all stocks for him. CN: Almost the same, also in the top 25% and scores slightly better than CP.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$278.820
Owned
Yes