COMMENT
RESP for grandchildren.

Loves it when grandparents can do this for their kids and grandkids. They don't need any more toys, just give $$ so they can buy stocks. An amazing savings vehicle in Canada, especially when it's withdrawn at the low tax rate of the student.

Hard to buy stocks with the annual contribution amount allowed. Better to focus on mutual funds or ETFs. Hard in Canada, as we don't have a great, diversified index. He'd suggest buying the S&P 500 through an ETF on the TSX, there are a few of these to choose from. You can buy the full S&P, or limit it by using an "equal-weighted" S&P index; or use a bit of each. 

WEAK BUY
Dropped from July. Buy or sell?

Gigantic acquisition proposal in Japan, would need debt to make this happen. Deal going through would be absolutely tremendous for shareholders. Business not doing great right now, low-income consumer not spending as much at convenience stores. 

Stock's fallen too much, given that the concerns are well known. At lowest valuation seen in a long time.

TOP PICK

Largest distributor of HVAC in NA, providing contractors with new and replacement parts. No debt. Over $500M of cashflow. Grows through acquisition. Recession-proof. 2025 is exciting, as new emissions regulations for A/C will kick in; new units at higher prices will kickstart the stock. Yield is 2.3%. 

(Analysts’ price target is $471.27)
TOP PICK

Aerospace replacement parts such as seatbelts, for which it gets paid a hefty price. Serial acquirer. Uses a lot of leverage to pay out special dividends. Sees long-term growth in global air travel, and this name will benefit. No dividend.

(Analysts’ price target is $1494.73)
TOP PICK

Had GPS devices in cars, now successfully pivoted to different business lines. Active watches, flight decks, boating GPS, equipment for automakers. Fast-growing, beautiful balance sheet. Acquires lots of companies in its relevant spaces. Consumer will continue to spend $$ on these high-quality products. A hidden compounder. Yield is 1.8%.

(Analysts’ price target is $162.29)
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We again reiterate VEON, the digital provider for over 160 million European customers in six countries, including key infrastructure in Ukraine.   Cash reserves continue to grow, while the shares trade at 7x earnings 2.5x book and support a ROE of 36%.  We recommend trailing up the stop (from $25.00) to $27.50, looking to achieve $38.00 - upside potential of 20%.  Yield 0% 

(Analysts’ price target is $38.00)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate SHLE, provider of frac sands as a TOP PICK.  Last reported earnings confirmed a 136% increase in free cash flow and 31% expansion in margins, which was allowing for continued retirement of debt.  It trades at 4x earnings, under book value, and a robust ROE of 168%.  We continue to recommend a stop at $10.50, looking to achieve $15.50 -- upside potential of 19%.  Yield 0%

(Analysts’ price target is $15.50)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate this operator of 23 containerships as a TOP PICK.  The company will add 2 more to its fleet of efficient vessels in 2025 and announced three are under new three year contracts.   We like that cash reserves are growing, while debt is aggressively retired and shares bought back.  It trades at 3x earnings, under book and supports a robust 43% ROE.  The sizable dividend is backed by a payout ratio under 15% of cash flow.  We recommend trailing up the stop (from $31) to $36 at this time, looking to achieve $61 -- upside potential of 42%.  Yield 5.7% 

(Analysts’ price target is $61.33)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 04/24, Up 1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with UNP has triggered its stop at $230.  To remain disciplined, we recommend covering the position at this time.

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 03/24, Down 17.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with TRMD has triggered its stop at $28.  To remain disciplined, we recommend covering the position at this time.  

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 20/24, Up 16.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with LNG is progressing well.  To remain disciplined, we recommend trailing up the stop (from $153) to $177 at this time.

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 17/24, Up 12.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MRC is progressing well.  To remain disciplined, we recommend trailing up the stop (from $103) to $115 at this time.

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Nov 07/23, Up 12.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CHP.UN is progressing well.  To remain disciplined, we recommend trailing up the stop (from $12.50) to $13.75 at this time.

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 04/24, Up 11.9%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with DE is progressing well.  To remain disciplined, we recommend trailing up the stop (from $357) to $380 at this time.