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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jason Mann commented about whether KML.TO, CHR.TO, HBM.TO, VET.TO, BBD.B.TO, CPG.TO, CNR.TO, BB.TO, KL.TO, EXE.TO, CSU.TO, APD, HSE.TO, CHE.UN.TO, CVE.TO, PXT.TO, MG.TO, BPY.UN.TO, BIP.UN.TO, BCE.TO, FTS.TO, CRR.UN.TO, GIL.TO, CVS, ENB.TO, SW.TO, CSCO, WEF.TO are stocks to buy or sell.
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N/A
Market. The bounce of the recent lows is a whole combination of factors. The market over reacted in December. There was fear that the Fed would continue to raise rates and that triggered a sell off. That reversed itself in January but where do we go from here? There is a lot of skepticism to this rally so there is a lot of money on the sidelines. The Fed got scared and rate hikes are probably off the table for the near term. He is skeptical of the durability of the rally but the risks are measurable to him.
Jason MannUnknown
BUY
Forestry stocks have had a rough ride in the last 6 months. They turned first before the market. They have now gotten quite cheap. It is quiet cheap here and the balance sheet is fine. Their yield is good and quite well supported. It is a small long for him.
Jason MannOwned
west coast forestry
N/A
ETFs. There is no regard for what the valuation is of the companies – what you are paying for it. ETF selling probably accelerated the selloff in the December.
Jason MannUnknown
SELL
They had an earnings miss. Every couple of quarters they are up or down a lot. He is short. It has poor price momentum. It is not cheap enough to buy. The business is choppy and unstable.
Jason MannOwned
electricalelectronic
BUY
He likes it. He holds it. It has good price momentum. It is still reasonably priced. They are a solid operator and know how to drive prices lower. 18% return on equity and 20% price to earnings. Recent quarter was neither a beat nor a miss. The payout is low.
Jason MannOwned
clothing stores
COMMENT
FTS-T vs. Utilities vs. Telecoms. It is an easy choice to Telcos. They are both regulated. Both steady state, stable businesses. BCE-T vs. FTS-T. He is long BCE-T. It is has good valuation here. 16 PE. FTS-T has 13 times. You should do better in Telecoms. T-T is warnings of implications f the Chinese telecom is banned from Canada.
electrical utilities
BUY
FTS-T vs. Utilities vs. Telecoms. It is an easy choice to Telcos. They are both regulated. Both steady state, stable businesses. BCE-T vs. FTS-T. He is long BCE-T. It is has good valuation here. 16 PE. FTS-T has 13 times. You should do better in Telecoms. T-T is warnings of implications f the Chinese telecom is banned from Canada.
Jason MannOwned
telephone utilities
COMMENT
FTS-T vs. Utilities vs. Telecoms. It is an easy choice to Telcos. They are both regulated. Both steady state, stable businesses. BCE-T vs. FTS-T. He is long BCE-T. It is has good valuation here. 16 PE. FTS-T has 13 times. You should do better in Telecoms. T-T is warnings of implications f the Chinese telecom is banned from Canada.
Jason MannUnknown
BUY
BIP.UN-T vs. BPY-T. He prefers BPY-T. BIP.UN-T is too expensive for him. A good yield but a big payout. It is not where he would look in the REIT-like space. BPY-T is undervalued. It is a growth by acquisition strategy.
Jason MannOwned
REAL ESTATE
PAST TOP PICK
(A Top Pick Jan 18/18, Down 6%) Nothing has really shaken his conviction on it. Price momentum has been the knock on it recently. It is really cheap and a best in class auto parts company. 23% return on equity. They have a solid balance sheet. They are right as an activist target. He likes it. It is a solid holding.
Jason MannOwned
Automotive
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