PAST TOP PICK
(A Top Pick Jan 02/24, Up 39%)

Targets the gig economy. Great adoption in Canada and US.

PAST TOP PICK
(A Top Pick Jan 02/24, Up 21%)

Continues to be a super-strong company. In the face of uncertainty and adversity, continues to move higher. Earnings and dividend continue to grow. One concern is what happens if there's a significant slowdown, (as lots of their loans are unsecured)? Loan loss numbers just get better and better.

WATCH

Using AI to make things more efficient. Medical language model, using a finite universe of only medical data. Helps doctors to diagnose issues. Can be used by medical office receptionists, doctors, 911 dispatchers, nursing centres. Debt free. Deal signed with University of Edinburgh. A few more deals should make them cashflow positive.

HOLD

Phenomenally good performance. Now at inflection point. Seeing more and bigger contracts both on surveillance and on batteries. Hopefully this is just getting started and it doesn't get bought out before the long runway of earnings growth and share price appreciation materializes.

BUY

Likes it. Enormous growth of wealth around the world. The extremely wealthy are moving towards having their own aircraft, and this company feeds into that tailwind of jet ownership. More sales, more backlog, and that trend should continue.

HOLD

Extremely challenged, though business continues to do well. One headwind is weight loss drug success makes investors concerned that respiratory issues will go away. That won't happen. Advertising practices under scrutiny, and there could be a fine.

Numbers continue to grow. Valuation lower than historically.

BUY

Getting more recognition all the time, not done yet. Continues to execute really well. Acquire, integrate, grow earning. Repeat. Well managed. Strong insider ownership, and that bodes well for the growth of the company.

WATCH

Powder technology that cleans out cooking oil. Makes the oil healthier, plus extends the life of that oil. Just starting to market its technology, going to be hitting lots of radars. Think of all the fast-food chains across NA. He's waiting for the inflection point when it turns EBITDA-positive.

HOLD

Homebuilding stocks in the US have been going straight up, but Canadian forestry stocks have been going the other way. This name has done the best and held its share price.

IFP and CFP have really started to bottom on the charts. He hasn't done enough digging to know who has a better earnings profile. But looking at the charts, one of these might be a good bet to catch up to WFG and to the US homebuilders. Lower interest rates will have an impact as well.

WEAK BUY

Homebuilding stocks in the US have been going straight up, but Canadian forestry stocks have been going the other way. WFG has done the best in holding its share price.

IFP and CFP have really started to bottom on the charts. He hasn't done enough digging to know who has a better earnings profile. But looking at the charts, one of these might be a good bet to catch up to WFG and to the US homebuilders. Lower interest rates will have an impact as well.

WEAK BUY

Homebuilding stocks in the US have been going straight up, but Canadian forestry stocks have been going the other way. WFG has done the best in holding its share price.

IFP and CFP have really started to bottom on the charts. He hasn't done enough digging to know who has a better earnings profile. But looking at the charts, one of these might be a good bet to catch up to WFG and to the US homebuilders. Lower interest rates will have an impact as well.

TOP PICK

Oil field services. Lots of respect for management. Tough business. Kept debt levels in check, bought back lots of stock. Electrifying well sites via natural gas instead of diesel (expensive and polluting). That decreases cost for customers. No dividend.

Fairly big move up this year, but still really attractive. Lots of runway. Increased revenue and earnings, really strong margins of around 40%. Trades around 7x.

(Analysts’ price target is $1.95)
TOP PICK

Dry transformers. Spending fair bit of money to ramp up production and capabilities. Strong balance sheet. Data centres are going to use a lot of power, so the story will continue. Trades ~10x EBITDA, but growing at really high teens multiples for revenue and EBITDA. Yield is 0.8%.

(Analysts’ price target is $165.00)
TOP PICK

Global infrastructure building. Past projects haven't necessarily had the best margins. Right-sized all of that. Going to focus on increasing margins. Growing organically and by acquisition. Dividend has about an 8% annual compound growth rate over the last 10 years. Yield is 3.7%.

Trading at half the multiple than historically. Huge backlog with infrastructure projects, so it will continue to grow by picking up projects and by making acquisitions.

(Analysts’ price target is $21.00)
COMMENT
Is the big Fed rate cut already baked into stocks?

That's a concern, but he doesn't see that. He's seen a broadening out, and anytime the market does this it's really healthy. It was so narrowly focused on the Mag 7, and that wasn't a good situation. With the market, you always have to be on top of things, as there's constant movement and rotation. Good news can be bad, and bad news can be good, so stay sharp.