Today, John Zechner commented about whether DOO-T, PPL-T, RCI.B-T, DIS-N, AMD-Q, IFC-T, OTEX-T, MRNA-Q, PFE-N, JNJ-N, MRE-T, AEM-T, GM-N, GOOG-Q, MDA-T, TOU-T, SU-T, CNQ-T, AMZN-Q, AAPL-Q, AXP-N, MA-N, V-N, T-T, UBER-N, NTR-T are stocks to buy or sell.
Is really cheap at 8s forward PE and 3x operating cash flow. They delivered this year. Their operating margins are rising. He took some shares off the table at $15, worried about consumer spending and growth. Union impact? Doesn't know about direct impact by unions, but watch for impact of unions on the bigger players, like Ford.
He's ready to return to this. It's one of the great long-term growth stocks, and it's been punished enough. The only thing investors are looking at is their streaming business. A family would keep Disney+, if they had to cut. They have the content and no one cross-sells better than them. Have done very well with Marvel assets. They also have ESPN. The valuation has fallen a lot. Everyone hates Disney now, but buy it now and you will be pleased down the road.
He likes telcos, and Rogers offer the most upside in coming years. With the Shaw deal done, Rogers will start paying down debt and strengthen their balance sheet, increase cash flow and raise their dividend eventually. Likes their valuation and growth. The sector is out of favour, so shares are cheap.
(Analysts’ price target is $76.22)
Was trading at 8x and their beat earnings, but shares still went down. The market feels that GM won't transition to EVs without big sacrifices. But GM has a lot of cash flow and is a dominant brand name. They will transition to EVs. Now, there's a car glut, even in EVs. Still owns it, but has disappointed.