Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 28, 2018
Considering the GM plant shutdown He held auto parts stocks for several years until the spring. He no lonege own this. This sector has had poor price momentum, and he sees continued pressure even after NAFTA being resolved. It's cheap at 5x PE. Has the weaker balance sheet vs. Magna and Linamar.
Martinrea (MRE-T)
November 28, 2018
Considering the GM plant shutdown He held auto parts stocks for several years until the spring. He no lonege own this. This sector has had poor price momentum, and he sees continued pressure even after NAFTA being resolved. It's cheap at 5x PE. Has the weaker balance sheet vs. Magna and Linamar.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$10.730
Owned
No
DON'T BUY
DON'T BUY
November 28, 2018
In no-man's land, trapped in weak cyclical stocks. Trades at 23% ROE and 6x EBITDA. Great, sustainable yield. But he prefers to buy stocks like this on the upswing, not the current downswing.
Russel Metals (RUS-T)
November 28, 2018
In no-man's land, trapped in weak cyclical stocks. Trades at 23% ROE and 6x EBITDA. Great, sustainable yield. But he prefers to buy stocks like this on the upswing, not the current downswing.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$23.260
Owned
No
WEAK BUY
WEAK BUY
November 28, 2018
Which Brookfield stock to buy? Tough call, because they're always priced at a premium and they are prolific stock issuers (which could knock down a stock). He'd choose BAM'A: stable with good price momentum. BPY is his second choice. To be honest, he sees better value in non-Brookfield REITS and infrastructure companies.
Which Brookfield stock to buy? Tough call, because they're always priced at a premium and they are prolific stock issuers (which could knock down a stock). He'd choose BAM'A: stable with good price momentum. BPY is his second choice. To be honest, he sees better value in non-Brookfield REITS and infrastructure companies.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$58.890
Owned
Unknown
COMMENT
COMMENT
November 28, 2018
All energy stocks have been hammered. TOU has good managers. It's cheap at 17x PE, but low ROE and missed a recent quarter. Their saving grace is their balance sheet. TOU is on the list of strategic acquisition for the big players.
Tourmaline Oil Corp (TOU-T)
November 28, 2018
All energy stocks have been hammered. TOU has good managers. It's cheap at 17x PE, but low ROE and missed a recent quarter. Their saving grace is their balance sheet. TOU is on the list of strategic acquisition for the big players.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$18.130
Owned
Unknown
WATCH
WATCH
November 28, 2018
He owned it last year. It lost its price momentum but it cracked due to privacy issues and they missed earnings. All tech stocks have struggled since FB's earning report in the summer. But it's now reasonably priced. FB was never massively overvalued like, say, Netflix or Amazon. Great ROE at 28%. It's a little pricey at 18x PE, but it's expected to grow 30-40% in 2019. It's close to a level where he'd buy it again.
Facebook (FB-Q)
November 28, 2018
He owned it last year. It lost its price momentum but it cracked due to privacy issues and they missed earnings. All tech stocks have struggled since FB's earning report in the summer. But it's now reasonably priced. FB was never massively overvalued like, say, Netflix or Amazon. Great ROE at 28%. It's a little pricey at 18x PE, but it's expected to grow 30-40% in 2019. It's close to a level where he'd buy it again.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$136.760
Owned
No
COMMENT
COMMENT
November 28, 2018
He had shorted it, but it's fallen too far, too fast. CPG's challenge is an asset base that isn't producing cash flow relative to debt (also facing many overlevered energy companies). Terrible price momentum and very volatile. He's neutral on this. He needs to cash flow return and momentum to stabilize to get interested.
He had shorted it, but it's fallen too far, too fast. CPG's challenge is an asset base that isn't producing cash flow relative to debt (also facing many overlevered energy companies). Terrible price momentum and very volatile. He's neutral on this. He needs to cash flow return and momentum to stabilize to get interested.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$3.990
Owned
No
TOP PICK
TOP PICK
November 28, 2018
He's playing defense, expecting more volatility. It's really a holding company with businesses in real estate (Choice Properties REIT), the bakery and Loblaw. Very stable. This is a cheap way to play Loblaw, which has had a good run lately. Loblaw shareholders received shares of Weston and have been selling them. This has opened a 13% discount to its fair value. Price momentum is its only knock, but he sees a catch-up trade here. (Analysts’ price target is $110.59)
George Weston Ltd. (WN-T)
November 28, 2018
He's playing defense, expecting more volatility. It's really a holding company with businesses in real estate (Choice Properties REIT), the bakery and Loblaw. Very stable. This is a cheap way to play Loblaw, which has had a good run lately. Loblaw shareholders received shares of Weston and have been selling them. This has opened a 13% discount to its fair value. Price momentum is its only knock, but he sees a catch-up trade here. (Analysts’ price target is $110.59)
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$95.070
Owned
Yes