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COMMENT
Market concerns. Investors are nervous. Possibility that the Fed will increase rates as the economy slows. We've seen short-term rallies, but no follow-through. If you look back a year ago, we saw strong increases. It will be difficult to show Y/Y increases. If we see declines, plus moderation in inflation, the market might have to look through that and then start to recover. Expects choppiness through the next quarter. Then, it will depend on geopolitical events, economic numbers, and where rate increases are going.
COMMENT
Portfolio positioning. Opportunities in select sectors like energy, add on dips. Risk in price of oil due to geopolitical tensions, but even if the price does pull back, these oil companies are generating a lot of cashflow. Selectively in financials. Banks are expected to have slower growth, but will have higher earnings with higher rates. Consumer staples. Gold really starting to increase, and this should mean positive things for producers.
BUY
US multi-state operator (MSO). Most stocks peaked a year ago, and have been in decline since. Continues to grow. Regulatory and structural issues have caused selling pressure. At some point, valuations will catch up. Leader, biggest MSO. The Cadillac.
Bruce Campbell (2)Owned
agriculture
BUY
AI software to help drug companies to purpose different compounds to tell what's effective and what's not. Part of the small cap selloff. Continues to reach significant milestones and sign contracts. Revenue and cashflow should improve over next year. A takeout possibility.
Bruce Campbell (2)Owned
Healthcare
BUY
Non-hospital surgical and rehab equipment. Will grow both organically and by acquisition. Acquisitions have been delayed. Hit estimated revenue number, and this should continue. Obtained financing. Pipeline of deals. Earnings will be lumpy. Likes management. If it weren't too small, he'd make it a Top Pick.
Bruce Campbell (2)Owned
Healthcare
HOLD
Loves the management team. Chocolates, gummies are top sellers. 45% market share of all edibles in Canada. Adjusted-EBITDA positive. Seasonal slowdown. Executed well, top brands. Stock needs a catalyst.
Bruce Campbell (2)Owned
0
PAST TOP PICK
(A Top Pick Dec 30/21, Up 19%) His firm participated in the 10M of financing raised today, which will allow them to drill more wells. Once they get completion numbers and drill a few more wells, they should get into cashflow and the stock should really take off.
Bruce Campbell (2)Owned
Energy
PAST TOP PICK
(A Top Pick Dec 30/21, Down 55%) Cannabis sector and tax-loss selloff. Still thinks it's a fantastic opportunity. Loves the company. 50% discount to peers. One of the top 5 MSOs. Great revenue and earnings growth. US cannabis is cheap and growing.
Bruce Campbell (2)Owned
0
PAST TOP PICK
(A Top Pick Dec 30/21, Up 71%) Continues to do exceptionally well. Housing market in NA continues to be tight for single-family and multi-family. Not a stretch that they could be acquired sometime by a bigger player.
Bruce Campbell (2)Owned
property mngmntinvestment
BUY
Excited by what the future holds. Like many others, challenges due to Covid. Starting to execute well. Deals with AMZN, GNC and soon-to-be WMT. Consumers are very interested in the space. Just raised cash. A buyout target over the next few years.
Bruce Campbell (2)Owned
Consumer Products
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