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Has no growth and is too controversial.

They surprised people with that offering, but shares are cheap now at $17.

Apple slumped today on reports of sluggish new iPhone orders from analysts from JP Morgan and Bank of America, but this always happens. Nothing new. Sellers are missing on the next move higher. Sellers forget Apple's consistent service revenues.

The markets have been all over the place and the pullback in September was expected. The Feds meet on Wednesday which is meaningful for markets. In August there was a 20% chance of recession. There has been a weakening of the employment market in The U.S. and Canada so maybe there won't be a soft landing. 
Banks are a little less restrictive on capital and he is becoming more positive on banks from underweight in 2022 to market weight now. Provisions for the default rate are low in Canada and the Bank of Canada is not too concerned about mortgage renewals. Canada really needs lower rates since they are restrictive. The U.S. economy is OK for now but rates are restrictive there too. 

He is not covering them right now. He is looking for extraordinary stocks priced for growth. This one is OK but there are better places to be.

It is a good place to work. In general the most recent earnings reports for the banks were very good, the star being CIBC. If buying, he would would choose CIBC first, then TD as a turnaround, then Royal Bank.

The working capital might be a bit of a drag but the balance sheet is good with good de-leveraging, free cash flow and market expansion. It looks like earnings per share could be 35% compounded annually to 2027. There might be some M&A in 2025. It is not expensive and doesn't get the respect it deserves.

The question was on a couple of stocks to buy if there is a rate cut on Wednesday. Lower interest rates favour smaller caps which are more sensitive to higher interest costs. He suggested IWM, the ETF for the Russell 2000 in the U.S. There is also a Canadian proxy for IWM which is SXU.

Q2 was a modest miss but the market is concerned about forward guidance with a slower ramp up in EV's. They are trying to offset this with lowering costs and reducing Capex. There is no real growth in the forecast but sales should start to turn at some point. It is very cheap and he sees growth returning. He would buy in the $50 range by writing puts.

Natural gas stocks are down a lot - the commodity price keeps this stock low. They just bought CREW which is a very complimentary asset. They also just boosted their dividend. With natural gas starting to get offshore by 2026, the commodity should do much better. It is the best in class in North America with a good balance sheet.

This is an example of buying a mispriced stock at low prices. Markets are not efficient and get things wrong all the time. WELL had a good Q2 with strong organic growth - 98% returning revenue and 37% revenue growth. It still has to grow into itself since it is very expensive, trading at 100X 2025, but if the growth comes through it is 10X by 2026. Therefore it needs to execute.

He still likes it for the strengthening balance sheet and utility growth. It is a good infrastructure play and is still cheaper than its peers.

It was just too cheap before and there is a return to occupancy post Covid. With good M&A it is still growing but down a bit.

It is a play on a return to theme parks. It is at a very low valuation along with streaming growth. It has a healthy balance sheet with lots of cash. At 8X 2025 it is trading way lower than the market.

The question was on Semi conductors and his favourite in this area. This is a cyclical space but it still has so much ahead of it. His favourite is Nvidia and he just bought more at about $100. At 30X 2025 P/E it is OK for a stock growing at 40% to 2028. It is buying back $50 billion in stock.