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From the perspective of market behavior, he is a bear. He thinks Canada will under-perform for a long time. From a technical perspective, if the lows hold and we start to make higher highs, it says 'bottom'. And not until then do you get confidence from a chart perspective. There is nothing good happening yet. It is becoming tradable but not investible.
oil / gas
DON'T BUY
OSB-T vs. CFP-T. Looking at a long term chart of lumber futures, we are getting back to levels from when the economic levels were much weaker. Individually he is not sure that the prices are washed out. There may be more downsides in the more economically sensitive names.
household goods
DON'T BUY
OSB-T vs. CFP-T. Looking at a long term chart of lumber futures, we are getting back to levels from when the economic levels were much weaker. Individually he is not sure that the prices are washed out. There may be more downsides in the more economically sensitive names.
west coast forestry
N/A
Educational Segment. We are at full employment in the US so how can they fathom cutting interest rates? But in March the Fed was still intending on raising interest rates. Since then the tariffs and trade wars have driven policy. The market thinks the rates will remain where they are at only 82% probability. The Fed is now talking about emergency rate cuts with full employment.
Unknown
N/A
Market. BAD-T about 2.5 years ago had a huge short position. He thought that was unusual. He was convinced the shorts were wrong. One of the short sellers launched an attack that was just lies. It went down on volume. Insiders then bought a bunch and the stock more than doubled. The short-seller was wrong. If your stock is subject to one of these attacks then don't run for the doors. The regulators don't do much about this tactic. Often times what is said about these companies is untrue and you should not let them steer you. The BAD-T shares have come roaring back. This happened mid-2017. It is a pity that investors have to pay the price for this.
oil / gas
BUY
An Alberta based aggregates company – the division that pays the bills. Two other divisions. One is a fack-sand division. Drilling in BC is about to pickup because of the LNG plant about to go in. If they can prove out their deposits it could be very positive for the division. The other division is like Uber eats but for gravel, which is an inefficient market. They can profit from the division between gravel prices between vendors as they take orders for delivery.
Mining
DON'T BUY
The economy in Edmonton is not great. Car selling is competitive. ACQ-T has a lot of management turnover. He would not be into it.
specialty stores