N/A
Many of the large cap stocks are trading above their intrinsic values. Rational investors must be careful and look at the fundamentals. He's looking into small and mid cap stocks that are still under valued. There is a large increase in personal investment accounts being open by new investors. These accounts hold investments in many similar companies because they are in the news, and not because of their investment worthiness. He is positive in the market still, especially with lower interest rates expected to hold for a while and government stimulus being injected.
DON'T BUY

They are really delivering, and are stealing some shares from Amazon. Management is good. It's a huge success story in Canada. As a conservative investor, he would need to see higher growth continue for many years to justify its current valuation. He can see reason to be bullish but he would not personally buy it right now. He prefers stocks with a larger margin of safety.

BUY
A great company, and COVID has further shown its strength. They are in the supply chain optimization business. The addressable market is huge, and penetration of existing clients is small. Highly recurrent revenue and they have high quality clients. He would still buy it at these prices.
COMMENT
You can make a bullish or bearish case for this. He's trying to be more cautious and doesn't believe they are out of the woods yet. Management has done a good job during these trying times. If you can deal with volatility, it could be a good choice. There is market risk but they have capital.
BUY
A solid long term hold. You might need to have patience, as they are investing their cashflow into plant based alternative foods that have good long term potential. However, short-term it does not lead to the profitability investors are looking for. Long term dynamics look good once they realize their investment benefits. A defensive stock since people need to eat regardless of the pandemic.
BUY
A great business with a strong management team. They take advantage of inefficiencies in Canadian industry that banks are not doing. Their bank offering is doing well with increase in account openings. They have seen big deferrals from last quarter but it has now stabilized. There is good organic growth and a possible expansion of the addressable market.
HOLD
A great industry to invest in the longer term. The fertility industry is booming, growing at 10% per year. It is one of the only companies you can invest in the public equity space in the industry. They are consolidating the space to present a more complete offering to clients. Management is good and makes methodical acquisitions.
BUY
They are expected to grow their bottom line by 10% through organic growth and buy backs. If you are a long term share holder, you should buy in batches and not wait for a pull-back. It is a great business and is resilient during any environment.
BUY ON WEAKNESS
It could be a good time to accumulate around these levels. They have probably passed their highest credit losses now. Government support is also important and losses were not as high as expected. They have good capital and the dividend is here to stay and is safe. Interest rates support a good performance in the years to come.
BUY ON WEAKNESS

They have less diversification compared to TD Bank, but he is not too worried on credit losses. Their dividend is sustainable and the capital ratio is alright. He would be accumulating around these levels.

BUY ON WEAKNESS
The management team has done a tremendous job throughout the crisis. The company will benefit from the zero emission bus agreements across North America. They make the best buses with zero emissions. Near-term, because of lower ridership, they might see delayed orders by clients. They might experience a couple bad quarters but he is confident in the longer term. He would be a buyer during the pullback.
DON'T BUY
The businesses under the same umbrella does not have much synergistic benefits. We do not know the real value of the underlying businesses. The true underlying payout ratio must be reviewed. He is unsure if there is sufficient cashflow to maintain these high dividends.
PAST TOP PICK
(A Top Pick Dec 17/19, Down 3%) It remains his top pick. They have done a good job over the last few months and have maintained their guidance for 2020. They have a good recurring revenue business. He expects them to make some acquisitions in the near term. He believes it will be a compounder for years to come.
PAST TOP PICK
(A Top Pick Dec 17/19, Down 35%) They are exposed to the aviation industry. The business has recovered nicely from the April lows and they are doing much better. He thinks it's not a time to sell the company. He trust the management team to navigate the environment. Once the aviation and hotel industry recover, they should see gains.
PAST TOP PICK
(A Top Pick Dec 17/19, Up 54%) There will be more upside in the near term. They are generating good free cashflow, and their business is doing very well. Management is superb and the Board of Directors is competent. He expects acquisitions in the coming quarters.