BUY

Does own shares. Is a great investment. Well run business with good management. Excellent balance sheet with expanding margins. Could be a good takeout target. 

BUY

Has owned shares for a long term. Was a previous top pick. Will continue to own. Power division doing very well. Traditional oilfield services stock. Gas generator business very good. Expecting large growth going forward. 

DON'T BUY

Likes the company (good market position), but stock is over valued. Also, capital intensive business - returns are not great. 

WATCH

Has looked at in the past, but believes stock has always been over valued. Trend is towards digital health, but not investing at this time. Will continue to watch. If margins increase, might invest. 

PARTIAL BUY

Primarily an income vehicle (bond proxy). Hard to growth pizza growth for capital returns. Could be a good option for dividend investors. ~7% income is good option. 

PARTIAL BUY

Growing quickly, but not investing at this time. Good yield, but not major capital appreciation. However, ~5% dividend yield is safe. 

SELL

Company has been disappointing lately. 2020 was a good year, but since then growth has slowed. Earnings not matching expectations. Share price is cheap, but better options out there for investors. Has sold shares. Management team not meeting with investors enough. 

SELL

Has owned shares in the past, but has since sold. Company lost biggest customer, so is suffering. Stock has sold off ~75%. Trading at cash value right now - but the company needs cash for business (not much liquidation value). Good management team, but has sold. 

WATCH

Well established Canadian investment firm. Has watched for a long time, but never attractive enough to justify investment. Good management team with good capital allocation. However, better names in portfolio. 

BUY

Great business. Largest position in fund. One of the best financial stocks in Canada. Online lending business (small loans to consumers). Return on equity ~30%. Trading around 10x earnings. Expecting further growth in company. Reasonable valuation with good dividend and growth prospects.  Would recommend buying and holding. 

BUY

Good company, but dividend too high. Mature company. Better growth companies out there. Well run, and stable business. Lots of mortgage exposure but overall a good business. 

PARTIAL BUY

Impressed with business. Very steady revenue lines. Elevators and stair lift demand growing. Growth not high, but is a quality company. 

BUY

Has been watching for a while, and recently bought shares. Company has continued to grow. Recently did a large equity raise. Very well run. Good capital allocation skills. Will continue to own shares. Valuation is still good - room for growth. 

WATCH

Good proxy for health of consumers in Canada. Luxury item that is discretionary. Hard to excited about this style of business. Not seeing major spending from average population. Better options for investors out there. 

BUY ON WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

MCD reported an E. coli outbreak from its quarter pounder burger across 10 US states. The outbreak started between late September and mid-October. MCD has temporarily stopped using certain ingredients in affected areas. The stock fell sharply the day following the news, and it is currently down 5% (an $11B market cap loss) from just prior to the news.  

We do not feel that the outbreak warrants an $11B loss to the stock, particularly over the long-term, but the stock has run up nicely over the past few months, and this could partially be profit-taking in conjunction with the news release. We would prefer to see the stock find a floor before entering a position, but over the long-term, we would be comfortable holding the name.
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