COMMENT
Buying a call for February? Going to miss numbers by a huge 40% due to supply chain issues. Long-term story doesn't change, but this impacts their balance sheet. Problem with buying a call is you're putting a gun to your head that it's got to work by February. He'd rather sell the put over the next 3-4 months, around $20. Will be in the penalty box for a while. Credibility is important with every stock, and this did raise eyebrows.
HOLD
Going to try to boost stock price through various engineering initiatives. Not expensive. No real catalyst for growth. Still levered to the energy situation out west. You'll be fine. A nicer way to buy it is to sell a put. Nice distribution.
COMMENT
Favourite REITs. CRR.UN sets up beautifully from a growth to valuation perspective. BAM looks really good, though it's not a real estate play per se. AP.UN is pricey, but the growth is really there. SRU.UN has a nice distribution and looks good from a price to growth level.
BUY
CRR.UN sets up beautifully from a growth to valuation perspective.
BUY
BAM looks really good, though it's not a real estate play per se.
BUY
AP.UN is pricey, but the growth is really there.
BUY
SRU.UN has a nice distribution and looks good from a price to growth level.
BUY
Upgraded guidance yesterday, which boosted the stock. Known worldwide. Great place to put money while everyone's forgotten about it. Very expensive at 139x. Pricey, whippy. Can reward you over the long term. Has the potential to build an ecosystem sort of like Tesla.
BUY
CP vs. CNR The takeover was a real love triangle. He's confident they'll get approval. You want to buy them into this weakness. 9% growth rate, 17.5x 2023 earnings. Will be a better entity going forward. CNR looks very good with their new strategy to better their OR over time. Both are to be owned at this point.
BUY
CNR vs. CP The takeover was a real love triangle. He's confident CP will get approval. You want to buy them into this weakness. 9% growth rate, 17.5x 2023 earnings. Will be a better entity going forward. CNR looks very good with their new strategy to better their OR over time. Both are to be owned at this point.
BUY
Investors are worried about Tim's turnaround, rising costs. Stock's way too cheap relative to the group. Good dividend. Sales up 31%. Growing around 14%, trading around 20x. Ability to grow is profound. Buy it around $79-80, and you can get a double in the next 5 years.
BUY
Whippy. Balance sheet problem. Variant is not helping. Time to buy a stock is when no one's paying attention. If you believe that the world will return to normal, trading at 9.9x on 2023 numbers. Not a buy and hold forever. More of a cyclical trade.
HOLD
Quality business. 15x 2022 earnings, quite cheap. Trouble is there aren't many catalysts for growth. He's modelling only 3% EPS growth. Better places for new money. If you own it, it will continue to work. So hold it, or sell some covered call options. The stock isn't going to run away.
TOP PICK
New vehicle growth is still 15% below 2019 levels, so there's still growth. He bought it at $43, and then it had a huge move yesterday. Still lots of upside. Solid balance sheet to fund acquisitions. 500 million new transactions in the pipeline. Digital strategy. Undemanding multiple of 8x. Still underowned. No dividend. (Analysts’ price target is $64.13)
TOP PICK
Safer play on the global aviation recovery. Nice upside with further capital deployment. Not cheap, but growing around 36%. Sets up nicely for investors on price to growth. No dividend. (Analysts’ price target is $42.78)