Latest Expert Opinions

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Opinion
Expert
WATCH
WATCH
November 13, 2020
The perfect poster child of the cyclical business. It was a short but they have been covering it recently. Not quite long though. It is coming off lows. Copper has done quite well. Commodities are starting to move and they benefit from this. Cashflow needs to improve before really entering.
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The perfect poster child of the cyclical business. It was a short but they have been covering it recently. Not quite long though. It is coming off lows. Copper has done quite well. Commodities are starting to move and they benefit from this. Cashflow needs to improve before really entering.
DON'T BUY
DON'T BUY
November 13, 2020
A materials company that he is not excited on. Has shorted this. A call on valuation and volatility. Not a lot of return on equity, expensive on EBITA basis, and no compelling reason to hold it. Uranium is a tougher market. Nuclear has not profited from the clean energy movement.
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Cameco Corporation (CCO-T)
November 13, 2020
A materials company that he is not excited on. Has shorted this. A call on valuation and volatility. Not a lot of return on equity, expensive on EBITA basis, and no compelling reason to hold it. Uranium is a tougher market. Nuclear has not profited from the clean energy movement.
SHORT
SHORT
November 13, 2020
Has a short on it. A slightly stressed backdrop in energy space. It is not that cheap. It's expensive with poor price trend with volatility. Low return on equity recently.
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Enbridge (ENB-T)
November 13, 2020
Has a short on it. A slightly stressed backdrop in energy space. It is not that cheap. It's expensive with poor price trend with volatility. Low return on equity recently.
DON'T BUY
DON'T BUY
November 13, 2020
It is really expensive. The valuation is high. Price momentum is good, but there is no fundamental backstop. It does not have positive cashflow and trades at 20x earnings. It has a lot of downside risk.
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Beyond Meat Inc. (BYND-Q)
November 13, 2020
It is really expensive. The valuation is high. Price momentum is good, but there is no fundamental backstop. It does not have positive cashflow and trades at 20x earnings. It has a lot of downside risk.
HOLD
HOLD
November 13, 2020

Has had it as a Top Pick in the past. Both their leasing business and Air Canada flights were very hard hit by the pandemic. Their collection rate for leases is at 60%. The Air Canada business gives them steady income though. Undervalued here. A riskier return to work play. 7x earnings, 7x EBITA. Scores well on value but price momentum has been bad until recent news of someone approaching them.

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Chorus Aviation Inc (CHR-T)
November 13, 2020

Has had it as a Top Pick in the past. Both their leasing business and Air Canada flights were very hard hit by the pandemic. Their collection rate for leases is at 60%. The Air Canada business gives them steady income though. Undervalued here. A riskier return to work play. 7x earnings, 7x EBITA. Scores well on value but price momentum has been bad until recent news of someone approaching them.

HOLD
HOLD
November 13, 2020
A good stable share price but mediocre on price momentum and valuation.
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KP Tissue Inc (KPT-T)
November 13, 2020
A good stable share price but mediocre on price momentum and valuation.
PAST TOP PICK
PAST TOP PICK
November 13, 2020

(A Top Pick Nov 01/19, Up 22%) REITs have had a pretty tough year but there has been some that have done well. A spin out of Magna. Portfolio of industrial, logistics and warehouse market. The shift from retail to online has been beneficial for them. Trades currently at 20x EBITA. Middle of the pack for price momentum. Valuation is alright. Still likes it.

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Granite REIT (GRT.UN-T)
November 13, 2020

(A Top Pick Nov 01/19, Up 22%) REITs have had a pretty tough year but there has been some that have done well. A spin out of Magna. Portfolio of industrial, logistics and warehouse market. The shift from retail to online has been beneficial for them. Trades currently at 20x EBITA. Middle of the pack for price momentum. Valuation is alright. Still likes it.