Unspecified

He has owned it for 20 years. It is the 6th largest bank in Canada but not trading at a discount to the big 5 now. In fact it is valued at second place behind Royal Bank so be wary. It hasn't been this expensive before. Banks tend to trade in a range. It bought Canadian Western Bank which is a good deal for both banks.

DON'T BUY

It is a large company with good products but some styles that are coming back are not their strength. Revenue is slowing down which is not good for any stock trading in the 50X, 40X or 30X range. Revenue guidance dropped in the last quarterly report. He prefers smaller size retailers.

PAST TOP PICK
(A Top Pick Jun 19/24, Up 10%)

It has set aside $2.6 billion for the money laundering issues and this would be for the worse case scenario. This means that the uncertainty over the payout has gone which has caused the stock to rally. Also the U.S. regulatory board may constrict expansion in the U.S. but this could be good for TD since it would need to focus more in Canada.

PAST TOP PICK
(A Top Pick Jun 19/24, Up 31%)

It trades at 12X earnings and is reasonably valued. Rate cuts in Canada are a tailwind for pipelines. There is a lot of insider buying. He might trim if money was needed elsewhere.

PAST TOP PICK
(A Top Pick Jun 19/24, Up 26%)

It has turned around the excess inventory situation from last year. Its store square footage is expanding by 25%. Analysts have 32% per share growth pegged for next year

COMMENT

It was popular in the dot com years. Its service isn't as needed now since Internet speed is way better.

Unspecified

It is looking to buy a company with 5 times as many stores and it means buying all these new locations for $600 000 each. If it improves these locations it could be a big win for ATD shareholders. Generally its merchandising hasn't been living up to expectations.

BUY

He is considering adding to his position. The stock is off because the announced margins are not as good as investors expected. However he feels that you buy a company for how much cash it generates and how successful it is, not its margins.

DON'T BUY

It is down now because of interest rates. It is one to buy when rates move up. He owns it but it is a good time to trim and take some profits.

DON'T BUY

It is struggling right now. It is a turn around opportunity but this is hard to do for tech companies. Turn around opportunities are better in the resource sector. It created 2 divisions but it hasn't worked that well. It has wanted a chip to compete with Nvidia. There is talk about splitting up the company.

DON'T BUY

It was a pioneer in its field but there is lots of competition now - it is not in a propriatory space. Asia has good opportunities for this sector but PayPal is too expensive for Asia.

TOP PICK

It has grown its revenue and earnings along with the other big techs. At 18X next year's earnings it is priced much lower than Apple, Amazon, etc. which are trading at 30X. It would be very interesting if it broke up into different parts.         Buy 57  Hold 11  Sell 0

(Analysts’ price target is $205.70)
TOP PICK

The airline sector has come off again. Delta is the dominant carrier in Atlanta airport, the world's biggest airport and it is the least unionized airline. Also they own their own refinery and fuel is a big expense. It trades at 6X next year's earnings.        Buy 21  Hold 1  Sell 0

(Analysts’ price target is $59.05)
TOP PICK

It is paying down debt at $200 million per year and is half-way through the process of paying off the total of $600 million. When debt is paid off and it is generating $200 million excess capital it can use this capital for dividends and share buybacks. As they approach this point we should see the stock price increase. It is worth about $450 million today.          Buy 7  Hold 2  Sell 0