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TOP PICK
A major with great price momentum and still cheap valuation. Like many of the energy companies, it is trading at 6x EBITDA. 13x earnings. Hitting a number of metrics. Their latest deal is accretive for them immediately. A safer way to play a continuation in the energy bull market. Relatively early days he thinks. (Analysts’ price target is $63.02)
Jason MannOwned
oilgas
TOP PICK
A special, arbitrage situation. Uranium is one of the greenest sources of energy. It has been dead money for while since 2011. European, Japanese and Chinese governments are pushing back into uranium energy. Probably has a long way to go. Buy below or at NAV. Trade with a hold bias.
Jason MannOwned
0
TOP PICK
Thematically likes copper. Should continue to do well. Has been sideways in the last 6 months following a run up. Demand is still strong. Relatively low supply. Cheap. BC based with Australian mines. 3.4x free cashflow, 3.5 EBITDA, 7.5x to earnings. High return on equity. Good balance sheet. (Analysts’ price target is $5.10)
Jason MannOwned
Mining
PAST TOP PICK
(A Top Pick Nov 13/20, Up 166%) Would buy again. Like many energy companies, it is no more expensive than where they were a year ago. Energy prices and natural gas in particular has moved up. The improved cashflow is now used to right balance sheets, pay dividends and other shareholder friendly moves. Great price momentum with 5x EBITDA which is still reasonable.
Jason MannOwned
oilgas
COMMENT
The market was looking for an excuse to sell off. There has also been an underlying shift from growth to value happening. Hedge funds with over exposure to growth are now hurting and are now de-risking. The new variant is a cause of concern, but also we will need to live with them now. A healthy sell off to get off some fluff.
Jason MannUnknown
COMMENT
People who have had good profits with concerns about inflation and interest rate concerns did not cause a huge sell off. This has now realized and markets are de-risking.
Jason MannUnknown
COMMENT
Energy stocks, forestry, and resources companies are cash flowing. The pull back is not the end of the energy run.
Jason MannUnknown
BUY
A small long position. Has come off on price momentum on a longer term time frame. Valuation is solid. Balance sheet is good, beat on earnings and is growing. Reasonable return on equity. Worth adding to this.
Jason MannOwned
Technology
BUY
Does not view it as a growth stock. Apple is reasonably valued compared to other tech valuations that are more extreme. 28x price to earnings. Does have some value characteristics due to cash generation. Too expensive relative to other cyclical parts fo the markets.
Jason MannOwned
electricalelectronic
STRONG BUY
Really likes it and is a long position. Has multiple characteristics he likes. Strong price momentum, valuation is standout. Cheapest stocks on the TSX with high return on equity. trades at 6x cashflow. 3x price to earnings. Very low multiples.
Jason MannOwned
steel
SHORT
Price momentum has not been great. Valuation has gotten a little cheaper. Still in the middle of the pack. Good return on equity with 20x price to earnings. Fair amount of debt. 18x EBITDA. Struggled in some ways. Buying companies and stripping out cost does not always result in the best customer experience. Need to show that they are able to perform.
food services
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