Today, Andrew Pyle commented about whether MSFT-NE, MCDS-NE, XHAK-T, DOL-T, DG-N, CCL-N, EMA-T, SPB-T, BIR-T, BYD-T, QSR-T, BCE-T, BEP.UN-T, PFE-N, AND-T, RCI.B-T, MRU-T, ARMH-OTC, AQN-T, TOU-T, CNQ-T, CRR.UN-T, LNR-T, TRP-T, ENB-T, CU-T, UBER-N, CPX-T, NPI-T, NVDA-Q are stocks to buy or sell.
Some say that pent-up demand from pandemic is done. However, he thinks there's still some gas left in the tank. Consumers still want to get out. Stock's been extremely choppy. Well run, great management.
Don't buy at these levels for the long term. A play over the next 2-3 years on the premise that economy will not fall into recession and discretionary service products can still stay afloat.
Bought this in the summer as a value play. It was trading well below its fundamental value. Less economically sensitive. Despite recent falters, still likes it and its valuation. Leader in the group. Yield is 2.3%.
CAD is trading at what he thinks will be the low part of a historical range; over next 5 years, should improve back toward 80 cents. Means that buying US stocks in USD injects currency risk. If both the CAD and the stocks go up, it negates the return.
Buying the dip. The bottom came out of the group recently, and people abandoned the thesis. But it was just a short-term aberration. Solid company. AI buildout just gets better for this company. Yield is 0.7%.
If he's going to get decent growth on this stock, doesn't want it negated by any movement in the CAD going higher. So he's using the CDR.
Well positioned in the space. Extremely low valuation for the good market share it has in both Canada and the US. Getting to levels where it would be a buying opportunity.