Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 5, 2019
Controversy over short-seller allegations and a lowball bid in a takeover attempt that puzzled investors. This has been rebounded off its lows but he can't accept the high valuations of these cannabis companies, some being extreme, and based on speculation.
Aphria Inc (APHA-T)
February 5, 2019
Controversy over short-seller allegations and a lowball bid in a takeover attempt that puzzled investors. This has been rebounded off its lows but he can't accept the high valuations of these cannabis companies, some being extreme, and based on speculation.
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$14.070
Owned
No
DON'T BUY
DON'T BUY
February 5, 2019
Major assets include the 407, with the core engineering construction assets for a very low single-digit PE multiple. But SNC has perpetually disappointed through earnings misses or bad headlines. They need to win back investor confidence in their core engineering business. There's always another shoe to drop with SNC. Unpredictable.
Major assets include the 407, with the core engineering construction assets for a very low single-digit PE multiple. But SNC has perpetually disappointed through earnings misses or bad headlines. They need to win back investor confidence in their core engineering business. There's always another shoe to drop with SNC. Unpredictable.
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$37.360
Owned
No
DON'T BUY
DON'T BUY
February 5, 2019
Unpredictable and cyclical industry. He avoids steel. We're late in the cycle so it's dangerous. He prefers Stelco for its cleaner balance sheet.
AK Steel Holding (AKS-N)
February 5, 2019
Unpredictable and cyclical industry. He avoids steel. We're late in the cycle so it's dangerous. He prefers Stelco for its cleaner balance sheet.
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$3.160
Owned
No
COMMENT
COMMENT
February 5, 2019
Cutting production and dividend recently, but the stock price is still low. It's the ultimate contrarian pick. Something eventually will happen to revalue this stock, like somebody buys it. Cutting the dividend and paying down debt were the right decisions they've made. With crude prices rising and the WCS spread shrinking, something will eventually happen to this stock.
Cutting production and dividend recently, but the stock price is still low. It's the ultimate contrarian pick. Something eventually will happen to revalue this stock, like somebody buys it. Cutting the dividend and paying down debt were the right decisions they've made. With crude prices rising and the WCS spread shrinking, something will eventually happen to this stock.
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$3.640
Owned
Unknown
TOP PICK
TOP PICK
February 5, 2019
A well-run blue chip. The price fells after a poor Q3. But it's moving into organics and just announced a new poultry operation with a new facility in London, ON. Trades at only 8x EBITDA. Great value. Solid balance sheet. (Analysts’ price target is $38.22)
Maple Leaf Foods (MFI-T)
February 5, 2019
A well-run blue chip. The price fells after a poor Q3. But it's moving into organics and just announced a new poultry operation with a new facility in London, ON. Trades at only 8x EBITDA. Great value. Solid balance sheet. (Analysts’ price target is $38.22)
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$30.310
Owned
Yes
TOP PICK
TOP PICK
February 5, 2019
Their core P&C insurance business has improved in recent years. They now have a lot of cash. You're betting on Prem Watsa's investing acumen who will put that capital to work. Trading close to book value for the first time in six years. (Analysts’ price target is $748.46)
Fairfax Financial (FFH-T)
February 5, 2019
Their core P&C insurance business has improved in recent years. They now have a lot of cash. You're betting on Prem Watsa's investing acumen who will put that capital to work. Trading close to book value for the first time in six years. (Analysts’ price target is $748.46)
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$644.480
Owned
Yes
TOP PICK
TOP PICK
February 5, 2019
Poor Q3 pressured the stock, but sees secular growth in warehouse automation, healthcare equipment and e-cars (to do the automation in those factories). A healthy balance sheet. They just announced an acqusition; he expects more M&A to drive growth. Trading at a low multiple vs. history and peers. Good value here. (Analysts’ price target is $23.25)
ATS Automation (ATA-T)
February 5, 2019
Poor Q3 pressured the stock, but sees secular growth in warehouse automation, healthcare equipment and e-cars (to do the automation in those factories). A healthy balance sheet. They just announced an acqusition; he expects more M&A to drive growth. Trading at a low multiple vs. history and peers. Good value here. (Analysts’ price target is $23.25)
Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$16.210
Owned
Yes