Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
April 5, 2021

For a few months it was the biggest company in Canada, surpassing RY-T. He used to own SHOP-T. He moved on because of high expectations and valuations. The concerns remain and are greater now than three years ago. It's going to face difficult comparisons to last year as we return to normalcy during 2021. They do a lot of their business in the US. The chart is not broken but the uptrend looks wobbly. There is support around $1,400 and below that there is quite an air-pocket. If you own it, lighten up on it.

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Shopify Inc. (SHOP-T)
April 5, 2021

For a few months it was the biggest company in Canada, surpassing RY-T. He used to own SHOP-T. He moved on because of high expectations and valuations. The concerns remain and are greater now than three years ago. It's going to face difficult comparisons to last year as we return to normalcy during 2021. They do a lot of their business in the US. The chart is not broken but the uptrend looks wobbly. There is support around $1,400 and below that there is quite an air-pocket. If you own it, lighten up on it.

Brian Madden
Price
$1447.290
Owned
No
DON'T BUY
DON'T BUY
April 5, 2021

This is like SHOP-T. It is pricey and the market has high-expectations. There will be some structural spend but it may not be enough to justify the PE. There will be difficult comparisons to last year, a banner year.

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Kinaxis Inc (KXS-T)
April 5, 2021

This is like SHOP-T. It is pricey and the market has high-expectations. There will be some structural spend but it may not be enough to justify the PE. There will be difficult comparisons to last year, a banner year.

Brian Madden
Price
$153.810
Owned
Unknown
BUY
BUY
April 5, 2021
He has owned it for a number of years. It is primarily exposed to the gold price. It insulates you to the myriad problems common in the mining industry. You get good diversification by geography and company. He likes to buy on dips.
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He has owned it for a number of years. It is primarily exposed to the gold price. It insulates you to the myriad problems common in the mining industry. You get good diversification by geography and company. He likes to buy on dips.
Brian Madden
Price
$163.560
Owned
Yes
BUY
BUY
April 5, 2021
He owns it on behalf of an investor. These are difficult projects to get approved. He thinks in the end they will get the green light on the current project. This will be incremental to their valuation and earnings. Write-down's on assets are usually backwards looking so he does not pay a lot of attention to it as a forward looking indicator. The financial strength is good and it should grow.
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He owns it on behalf of an investor. These are difficult projects to get approved. He thinks in the end they will get the green light on the current project. This will be incremental to their valuation and earnings. Write-down's on assets are usually backwards looking so he does not pay a lot of attention to it as a forward looking indicator. The financial strength is good and it should grow.
Brian Madden
Price
$36.570
Owned
Yes
SELL
SELL
April 5, 2021

It is subject to a take-over offer. He also owns the parent. He initially took none of the offers. He waited for them to sweeten the offer which they did. He thinks that will be the final offer. You should tender your shares for BAM.A-T so you participate in the recovery of their assets. The draw back is that you may not be able to crystallize losses, if that is a consideration.

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It is subject to a take-over offer. He also owns the parent. He initially took none of the offers. He waited for them to sweeten the offer which they did. He thinks that will be the final offer. You should tender your shares for BAM.A-T so you participate in the recovery of their assets. The draw back is that you may not be able to crystallize losses, if that is a consideration.

Brian Madden
Price
$22.300
Owned
Yes
HOLD
HOLD
April 5, 2021
It is a good quality company and an industry leader. It has a dominant position. It is not the best use of a dollar today as others have better leverage to a recovery, but for 5 years it is a good holding. They are a good consolidator and the industry remains fragmented.
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Saputo Inc. (SAP-T)
April 5, 2021
It is a good quality company and an industry leader. It has a dominant position. It is not the best use of a dollar today as others have better leverage to a recovery, but for 5 years it is a good holding. They are a good consolidator and the industry remains fragmented.
Brian Madden
Price
$38.500
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
April 5, 2021
(A Top Pick Apr 09/20, Up 17%) He has owned it for a number of years. They are a good consolidator. It has been perking up a little in the last few weeks. There are probably some short term headwinds for them with comparisons to last year as a lot of stores were closed and traffic got diverted to dollar stores, convenience stores and corner stores. They had a windfall on gasoline margins. Oil prices fell swiftly but gas prices did not, as is usual. Their fuel margins will be a headwind for the next couple of quarters. He thinks they will get a strategic acquisition completed this year. They are buying back their own shares, which is rare. They think they are undervalued.
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(A Top Pick Apr 09/20, Up 17%) He has owned it for a number of years. They are a good consolidator. It has been perking up a little in the last few weeks. There are probably some short term headwinds for them with comparisons to last year as a lot of stores were closed and traffic got diverted to dollar stores, convenience stores and corner stores. They had a windfall on gasoline margins. Oil prices fell swiftly but gas prices did not, as is usual. Their fuel margins will be a headwind for the next couple of quarters. He thinks they will get a strategic acquisition completed this year. They are buying back their own shares, which is rare. They think they are undervalued.
Brian Madden
Price
$40.990
Owned
Yes