Today, Andrey Omelchak commented about whether MATR-T, BDGI-T, PBH-T, KNX-N, TFII-T, BNS-T, CNR-T, OTEX-T, WJX-T, VHI-T, HPS.A-T, ATRL-T, STN-T, CVO-T, GUD-T, TSU-T, LMN-X, PRL-T, GSY-T, WELL-T, ATZ-T, SFTC-T, EIF-T, DNTL-T, NA-T, BBD.B-T, LSPD-T, FFH-T are stocks to buy or sell.
If you're in the value camp, you want to make sure there's a catalyst to unlock value. He likes companies that grow organically, as that's a huge tailwind for your investment.
The outcome of the US election has been a true catalyst, by providing clarity on how to allocate capital. The incoming administration has been very clear as to which sectors it will support. It's a very good market for fundamental stock-pickers.
Really have to make sure you pick the right spots. Companies that are exposed to the US economy, but not as much on the tariff front, stand to benefit tremendously. So you really have to understand a business's fundamentals, US exposure, and whether it qualifies for the Buy American Act.
There's been a broadening of market participation over the last several months. Overall, if you look at small- and mid-cap equities (his specialty) in North America, for example, there are a lot of mispriced securities. Especially on a risk-adjusted basis, there's more clarity with the Republicans controlling the White House, Senate, and House -- a trifecta effect.
A win for BBD.B, half a win for HON.
BBD.B as a standalone is a very good business, improving margins, focusing on the more predictable and sustainable after-market business. Also growing defense business. Backlog is good. Executed really well, and this can continue. Some concern about how they might be affected by tariffs, but that's overstated.
Good chance to accumulate, but you need a 2-5 year horizon because the stock's done so well and much of the good news has been priced in.
Canadian banks have had a good run. At this point, you have to be a bit more careful investing in them as a group. As well, going back to the US election, we'll have to see how some of the US operations are impacted. We saw the big fine imposed on TD.
As a group, he'd be more cautious.
Over time, expects it to be acquired by a big US player. Has been quite diligent not overpaying for acquisitions. Difficult to buy as many practices as they'd like. Pretty well run. Margins can increase step by step over time. Doesn't expect any big transformational news. Leverage is too elevated for his liking. Stable, predictable business.