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Today, Jason Mann commented about whether CAS-T, CJR.B-T, LNR-T, MFC-T, DAL-N, UAL-Q, DTC-T, CGX-T, BAM.A-T, WORK-N, GTE-T, IAG-T, NPI-T, WTE-T, HR.UN-T, IFP-T, WY-N, AW.UN-T, DIR.UN-T, RCI.B-T, BCE-T, MSFT-Q, CFP-T, FTS-T, LSPD-T, TSLA-Q are stocks to buy or sell.

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A Comment -- General Comments From an Expert
Market. He has been surprised by the strength of this rally amid economic gloom. The question is if the Fed can get people back to work. It is probably going to be a slow return to work and a show recovery. There is the tech stocks, the mega caps. But some mid-cap stocks are down 30% on the year. If the market is correct and we will get back to work quicker than we think then there is opportunity here.
Unknown
WEAK BUY
Tesla Inc
It is a speculative play. There is no valuation that you can apply that makes any sense. It is a cult stock. There are an army of retail buyers that bought more than the professionals. It is not his style but he would not stand in the way of owning it.
Consumer Products
DON'T BUY
It is a growth-at-any-price stock. It scores pretty poorly on valuation. It missed on the last quarter. It is volatile. It has a good trend, however.
Technology
HOLD
If you have cash for 90 days, If you have cash for 90 days, there is no substitute for just leaving it in cash.
Unknown
BUY
Fortis Inc.
He is not bullish on the utilities because they are expensive and are defensive. But he holds this one as it stands out amongst the others.
electrical utilities
HOLD
Canfor Corp
The bid for it failed because shareholders rejected it. The stock fell since then and has started to recover. It is neutral for him. We are seeing strong home-building in and low interest rates so it should benefit. You want to see some earnings come through as the cycles comes up.
west coast forestry
BUY
Microsoft Corp
It is one of the mega cap tech stocks that are back to their all time highs. It is not that expensive and hits all metrics for him. It has a great balance sheet.
computer software / processing
BUY
BCE Inc.
BCE-T vs. RCI.B-T. They both have this perpetual cap-x spend in front of them and have a challenge in growth looking forward. But the telco space is not as expensive as some of the other defensive stocks. You would do well by owning any one of these. They score quite similarly. You can hold these through long periods of time.
telephone utilities
BUY
BCE-T vs. RCI.B-T. They both have this perpetual cap-x spend in front of them and have a challenge in growth looking forward. But the telco space is not as expensive as some of the other defensive stocks. You would do well by owning any one of these. They score quite similarly. You can hold these through long periods of time.
Cable
WEAK BUY
All the REITs have generally sold off in unison. There are probably going to be both winners and losers going forwards. The losers will be those with more office space. Industrials should not be as affected. The yield and payout ratio look fine and it trades below its book value. Of the bunch, he would prefer this one over commercial REITs.
REAL ESTATE
DON'T BUY
The payout ratio is bumping on 100%. It is reasonably priced but has rolled off to get here. He would be concerned about the dividend.
investment companies / funds
DON'T BUY
Weyerhaeuser Co

WY-N vs. IFP-T. WY-N often looks the most expensive at the bottom of the cycle. It does not have great momentum. It beat on the recent quarter. Its balance sheet is okay. He would prefer this to, for example, IFP-T. He would not buy either until earnings come in.

misc industrial products
DON'T BUY
Interfor Corp

WY-N vs. IFP-T. WY-N often looks the most expensive at the bottom of the cycle. It does not have great momentum. It beat on the recent quarter. Its balance sheet is okay. He would prefer this to, for example, IFP-T. He would not buy either until earnings come in.

west coast forestry
DON'T BUY
Office properties. They may get reconfigured in the future. It has not recovered and still is not all that cheap. They have a heavy debt load.
property mngmnt / investment
PAST TOP PICK

(A Top Pick Jul 26/19, Down 23%) They had some difficulties with TECK.B-T not long after it was a Top Pick. It is still the leading coal export terminal on the west coast. It is a challenge that their largest customer is looking to renegotiate and move volumes elsewhere. It scores in the top 1% on valuation. It still yields over 4% with a low payout ratio and has a solid balance sheet. It is a relatively stable stock relative to other commodity stocks. It is still on his buy list.

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