PAST TOP PICK
(A Top Pick Jun 01/21, Down 19%) Been challenging, though has added at lower levels recently. They had huge challenges in Covid, namely selling infant formula to China which was shut down of course. A2M recently launched in Canada, so he's optimistic they will return to pre-Covid profits. But this turnaround is taking time. Likes the brand, but is getting a little impatient.
agriculture
PAST TOP PICK
(A Top Pick Jun 01/21, Down 2%) Owner holds 17% of stock. No debt, high returns, asset lite and buying back shares. Checks all the boxes. Still likes it.
Consumer Products
COMMENT
Gold and oil outlook in Canada No idea where either is going. But doesn't see sustained long-term upside or downside. A company can be the best-run oil company, but they don't control the price of what they sell. We are in an economic slowdown, so oil won't fare well. If the Russian war is resolved, oil prices will fall. To own only oil and gold is risky.
Unknown
DON'T BUY
Is watching it. Problem is that he doesn't like retail, which is an expensive business. But ATZ has some of the highest revenues per square footage and have been successful for a long time. Is confident in the new CEO. If share price fell to $15-19, then maybe. A quality company, but still doesn't make the cut for him.
specialty stores
DON'T BUY
Owns Meta and MSFT instead among FAANG. Meta trades at 12x, so he recently added more. Meta is a hated company, but look long-term. MSFT is a very strong business. Apple has some hit or miss risk when they bring new products to market. Certainly is a cash cow. A strong company. Tough to grow a company this massive.
electrical / electronic
BUY
Owns Meta and MSFT instead among FAANG. Meta trades at 12x, so he recently added more. Meta is a hated company, but look long-term.
0
DON'T BUY
Like Canadian banks, the telcos are a cartel. There should be more telcos for competition which would benefit Canadians. Telcos won't grow much more than overall GDP. The price of data is slowly coming down. They have excess cash flow which they mostly pay in dividends. Growth is 5-10% like a bond. Neither wonderful nor terrible investments. Not for him.
telephone utilities