WAIT

RY is a bit pricey right now. 

WEAK BUY

Because of the CWB acquisition, NA has come way down, so might be a good time to buy.

BUY ON WEAKNESS

One of his largest positions, well managed, avant garde. Sector's had a really nice run, perhaps taking a pause. Leaders in environmental, a sector he really likes. Huge backlog, good growth especially as a global player, good margin improvement. 

Don't get overly worried about the pullback, might be a good time to add. Hold for the long term. Short report was a lot of nonsense.

STRONG BUY

Global tech leader, only pure-play public space technology. Cost of launching satellites has come way down. Well positioned in satellite systems, robotics, and geo-intelligence. $3.3B backlog. Clear visibility for 20-25% EBITDA growth per year for at least the next 3 years. Stock's come down to compellingly attractive levels.

BUY ON WEAKNESS
Sell, hang on, or buy more?

A dilemma -- looks so expensive, so you're tempted to sell and take profits, you do, and you're wrong because it keeps going up. What to do? Keeps hitting it out of the ballpark. Not sure he'd add at these levels, but a pullback would be good. If you own it, hang on for the long run.

Same-store sales growth only 5.6%, disappointed some. EPS is way up. Buying back stock. Investing more in joint venture in Central and South America, tremendous value there because it's growing nicely.

HOLD
With the takeover, sell now or wait?

Don't forget it's a share swap, so shares will trade in line with NA shares. NA shares are down, because it's raising a bunch of money to pay for the acquisition. Consider yourself lucky, as you're doubling your money from yesterday. 

He'd hold on, accept the NA shares, hold onto those shares, and you'll do extremely well. 

TOP PICK

Deep value, with potential to triple or quadruple in a few years. Global leader in manufacture of magnets used in micro motors. Highly engineered materials. Well positioned for the EV market. Rare earth prices have come down, and so has the stock to well below tangible book value. Yield is 5.77%.

Very profitable, strong free cashflow, no debt, buys back shares aggressively. Trades at 4x EBITDA. Would not be surprised by an eventual takeover.

(Analysts’ price target is $10.26)

TOP PICK

Value. Leaders in frozen seafood in Canadian retail and US institutional. PE of 7x. Buying back stock, paying down debt. Increased dividend by 30% last year. Yield is 4.51%.

(Analysts’ price target is $15.42)
TOP PICK

Trades at significant discount (1.7x book value) to IFC (2.7x book value), as it's growing faster and increasing ROE faster. Sees it trading at 2x book within a year, giving it a $60 share price. Pullback is a great entry point. Yield is 1.49%.

(Analysts’ price target is $49.21)
COMMENT

US Fed Chair Jay Powell walked the tightrope well today, saying the economy is no longer super heated though gradually cooling. He held rates. Today's CPI print seemed to catch the Fed by surprise.

BUY

They just reported weaker sales and earnings numbers, but their cloud business--their data centre business is huge and rapidly growing.  Their backlog is nearly $100 billion. Gen AI is real. Rallied over 13% today.

BUY

They just reported great numbers. It's a large holding of his. They make equipment for data centres

BUY

Pays a 6% dividend, which is good as rates fall. The PE is low, because they don't a lot of high-quality drug prospects now, but they bought Seagen which he really likes.

DON'T BUY

Growth has slowed in recent months and people here and abroad have turned hard against alcohol.

BUY

If the economy slows down, you need a good pharma stock. Novartis was stuck in a rut until the current CEO started in 2018. He made a number of key acquisitions without paying and including smaller companies (they had overpaid in the past), focusing on their most lucrative divisions: drugs to treat cancer and immunology. he also fired a lot of executives, and hired some outsiders including a smart drug analyst from Wall Street. They sold Roche and pocketed the cash. Bought DTx Pharma, Chinnok Therapeutics, Calypso Biotech and other pharmas offering drug that boast positive trial results. Smart pick-ups, yet disciplined spending, like nixing a deal that cost too much. Their Q1 saw 10% net sales growth and 18% core operating income growth.