Latest Expert Opinions

Signal
Opinion
Expert
PARTIAL SELL
PARTIAL SELL
June 3, 2019
It had a nice run on lower interest rates and the safe haven status. It is probably a better time to take some profits than to buy in. But don't get rid of all your utilities. This is a good time to take some money off the table.
Fortis Inc. (FTS-T)
June 3, 2019
It had a nice run on lower interest rates and the safe haven status. It is probably a better time to take some profits than to buy in. But don't get rid of all your utilities. This is a good time to take some money off the table.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$51.340
Owned
Unknown
BUY
BUY
June 3, 2019
They announced last week another acquisition out of Scotland. They paid a fair multiple. It keeps their debt level at a reasonable level. This is a game changer that will see the stock rise substantially over the next few years.
They announced last week another acquisition out of Scotland. They paid a fair multiple. It keeps their debt level at a reasonable level. This is a game changer that will see the stock rise substantially over the next few years.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$34.500
Owned
Unknown
BUY
BUY
June 3, 2019

They are the meal kit market leaders in Canada. They have a 45% market share. He is a happy customer. They are providing a valuable service to consumers. They did a good job at execution. Their subscriber numbers are ahead of analysts' expectations. He thinks there is a lot of growth yet to come. They are spending a lot of money on marketing now but in a reasonable time they will turn a profit on the bottom line.

They are the meal kit market leaders in Canada. They have a 45% market share. He is a happy customer. They are providing a valuable service to consumers. They did a good job at execution. Their subscriber numbers are ahead of analysts' expectations. He thinks there is a lot of growth yet to come. They are spending a lot of money on marketing now but in a reasonable time they will turn a profit on the bottom line.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$2.700
Owned
Yes
BUY
BUY
June 3, 2019
They are probably the cheapest stock on the planet. Trades below liquidation levels. He does not understand why they are not buying back shares. They have been slow but are closing business areas that are losing money. Value is not being reflected in the market and management should do a better job of building shareholder value.
Velan Inc (VLN-T)
June 3, 2019
They are probably the cheapest stock on the planet. Trades below liquidation levels. He does not understand why they are not buying back shares. They have been slow but are closing business areas that are losing money. Value is not being reflected in the market and management should do a better job of building shareholder value.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$9.590
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
June 3, 2019
It is a core investment for him. They made a lot of acquisitions and ran into challenges, as is common. They have to beef up the executive team over time. The balance sheet is in very solid shape.
Savaria Corp (SIS-T)
June 3, 2019
It is a core investment for him. They made a lot of acquisitions and ran into challenges, as is common. They have to beef up the executive team over time. The balance sheet is in very solid shape.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$12.930
Owned
Yes
HOLD
HOLD
June 3, 2019
They are involved in cinemas with seats that move as well as simulations with the military. The stock has never been lower and the results have never been better. He hopes this year there will be some catalyst to get the share price moving. There is a lot of value to this company that has not been reflected. He thinks the board should look at strategic alternatives.
They are involved in cinemas with seats that move as well as simulations with the military. The stock has never been lower and the results have never been better. He hopes this year there will be some catalyst to get the share price moving. There is a lot of value to this company that has not been reflected. He thinks the board should look at strategic alternatives.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$0.155
Owned
Unknown
COMMENT
COMMENT
June 3, 2019

WSP Global is pretty much the gold standard. They are pretty much 100% consulting, whereas STN-T and SNC-T are not. He has shied away from the whole sector. The problem is the engineering and construction business, which he has never liked. Margins are razor thin. STN-T wants to get away from E&C. He would buy WSP-T on a correction. STN-T might be a buy at some other point. SNC-T he stays way from and has done so for many years.

WSP Global is pretty much the gold standard. They are pretty much 100% consulting, whereas STN-T and SNC-T are not. He has shied away from the whole sector. The problem is the engineering and construction business, which he has never liked. Margins are razor thin. STN-T wants to get away from E&C. He would buy WSP-T on a correction. STN-T might be a buy at some other point. SNC-T he stays way from and has done so for many years.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$23.930
Owned
Unknown