Latest Stock Buy or Sell? Make More Informed Decisions!
Today, The Panic-Proof Portfolio (Stockchase Research) and Andrew Moffs commented about whether BEI.UN.TO, WIR.UN.TO, HOM.UN.TO, CRT.UN.TO, CAR.UN.TO, KIM, O, IVQ.U.TO, GRT.UN.TO, ERE.UN.TO, TCN.TO, VNQ, CHP.UN.TO, DIR.UN.TO, SVI.TO, PSA, NWH.UN.TO, INO.UN.TO, SU.TO, AMD, MSFT, NOA.TO, RPM, LUV are stocks to buy or sell.
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Stockchase Research Editor: Michael O'Reilly LUV recently reported EPS of $0.57, after receiving $348 million in payroll support. Management noted June was a turning point in demand. Analysts expect next year's annual EPS to exceed $3.25, putting the stock at 16x forward earnings currently. We would buy this with a stop loss at $42, looking to achieve $70 -- upside potential over 33%. Yield 0% (Analysts’ price target is $69.98)
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Stockchase Research Editor: Michael O'Reilly RPM is a $10 billion market cap producer of waterproofing coatings. It recently reported revenue growth of 19% and widening margins, which resulted in EPS rising 43% from a year ago. Management acknowledges that sales growth, particularly in the consumer sector, will slow next year as the pandemic lockdowns end; however, we expect this will open the door for industrial sales growth returning. It pays a decent dividend, backed by a 36% payout ratio of cash flow. We would buy this with a stop loss at $75, looking to achieve $109 -- upside potential exceeding 26%. Yield 1.77% (Analysts’ price target is $99.83)
Consumer Products
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Stockchase Research Editor: Michael O'Reilly We are reiterating our TOP PICK recommendation with NOA, looking to achieve $28 (upside potential of 30%) and maintaining the stop loss at $15. Infrastructure projects are a good inflation hedge and this trades at good value -- 12x earnings vs peers at 30x. It pays a small dividend, backed by a payout ratio under 15% of cash flow. Yield 0.87% (Analysts’ price target is $24.25)
non-base metal mining
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COMMENT
REITs are a hedge against inflation. He thinks inflation will persist and this bodes well for real estate. Rents can capture inflation, and so cashflows go higher. Valuations go higher as replacement costs are higher, so inflation is positive. Unique this time is we're going into an environment where inflation rates persist and rise, but we still have lower interest rates. Combination of the two could be a great tailwind for real estate.
COMMENT
Price of real estate assets. Private market dwarfs the public. His goal is to buy real estate cheaper than the stock market. You look at the valuations in the private market and compare them to the public. He sees a lot of value, especially in industrial, apartments, residential and even on the grocery anchor-shopping centre side. It's the right time to be looking at the sector.
DON'T BUY
Small cap, focused exclusively on office buildings in Europe (France, Germany). Listed only on the TSX, so it trades at a discount. Strategic review was disappointing, as they failed to monetize a big part of their portfolio. He's not bullish on the office space, a tougher sector. Volatile. Cost of capital not where it should be.
REAL ESTATE
COMMENT
Definition of FFO. Metric for earnings for real estate, whereas other publicly traded companies use EPS, earnings per share. The difference between cash coming in and cash going out. In real estate, they add back the depreciation expense to the earnings line to get more of a cashflow metric. It's important, as REITs pay out all their income as distributions, so they need that FFO to support the dividend.
BUY
Canada's only publicly traded self-storage operator. Thinks highly of it. Canada is about 10 years behind the US, plus we have less space available per capita. Life events necessitate self storage. Not a REIT, so gives more versatility in that it doesn't have to pay out all its cashflow. This is positive factor growth, as it's on a buying spree. It will provide more of a capital gain, so this will help you decide whether to hold in a taxable account or not.
Andrew MoffsOwned
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