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Signal Opinion Expert

2017-11-17

N/A
A Comment -- General Comments From an Expert 

Market. Industrials, technology, financials, and materials are showing decent relative strength. The advance/decline lines have been a stubborn holdout, but this week it has turned. Everything else was already moving. When comparing the index to the advance/decline lines, it was still negative, but has flipped and gone positive this week. Signs point to a pretty good run right through to 2018. With higher rates, he believes the consumer and businesses gets us well out into 2018.

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.020
Owned: _N/A

2017-11-17

N/A
A Comment -- General Comments From an Expert 

Market. He is christening this “The Year of the Repetition”. Feels we are going to see oil and gas pretty much the same. Oil and gas stocks have not really helped the market, but the rest are doing quite well. Mining is humming a bit. It’s at the lower end of things because we don’t have big mining companies any more. Banks will just plow on, so don’t bother to trade them. 

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.020
Owned: _N/A

2017-11-17

COMMENT
Aurora Cannabis (ACB-T)

Chart shows some big upward spikes. There is some support at around $3.50. It spiked today to $5.64, and when you have a big spike like this, it’s really hard to tell what is going to happen the next day. Some indicators are rolling over, just slightly, so he expects this is going to be really volatile.

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $5.510
Owned: No

2017-11-17

WAIT
Agnico-Eagle Mines (AEM-T)

Probably in a “pause” situation, as it has been for the last few months. This might be that December time, when it breaks above the downtrend that has been going on since mid-2016. He would look at this in December. Overlay this with the underlying commodity just to see how it is acting. If it is starting to move ahead of the commodity, that is probably a pretty good sign.

precious metals
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $56.920
Owned: Unknown

2017-11-17

TOP PICK
Altagas Ltd (ALA-T)

Hoping to close a huge US utility acquisition. Chart shows a bit of base at around $27. The recent earnings report was really good. Raised their dividend which laid the concerns about the acquisition being dilutive. Although not a pure energy play, you are getting exposure to gas, you are going to get exposure to other parts of their business. Expects it could reach $35. Dividend yield of 7.5%. (Analysts’ price target is $33.50.)

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $29.010
Owned: Yes

2017-11-17

PAST TOP PICK
Aecon Group Inc (ARE-T)

(A Top Pick Sept 28/16. Up 13%.) About to be taken over by a Chinese buyer, but he tends to think the government will step in and block the sale. He likes the whole space. He would come back to this in a heartbeat if the deal fell through.

contractors
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $19.590
Owned: No

2017-11-17

PAST TOP PICK
Baxter International Inc (BAX-N)

(A Top Pick Sept 28/16. Up 35%.) Believes he will be holding this for quite a long time. They are the best in the medical devices/medical supply. Expects it might go sideways for a while and it would be a Buy on any weakness.

biotechnology/pharmaceutical
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $63.880
Owned: Yes

2017-11-17

TOP PICK
Bombardier Inc (B) (BBD.B-T)

There is an amazing saga of the great bully Boeing (BA-N) trying to crush the situation, but it appears to have reversed on them somewhat. Great technology. Everybody is bored stiff with the delays on this brilliant plane. Now you have the great strength of the Airbus to carry on through. Thinks you are going to see deal after deal on the world stage. (Analysts’ price target is $3.50.)

transportation equip & components
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $3.100
Owned: Yes

2017-11-17

COMMENT
Cott Corp (BCB-T)

Has been out of this for a long time. It moved into a new era of water, and probably tea and coffee as well. It’s worth looking at again.

food processing
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $21.650
Owned: No

2017-11-17

COMMENT
Bee Vectoring Technologies International (BEE-X)

If there ever was an extreme niche, this is it. They gather the pollen and special powders to deal with the fields and nasty pesticides. 90% of the world’s commercial greenhouses actually buy hives of bees.

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.275
Owned: Yes

2017-11-17

BUY
Brookfield Infrastucture Partners (BIP.UN-T)

Which Brookfield subsidiary would you recommend for a 4-5 year hold? If you like dividends while waiting, this is one he would recommend.

INDUSTRIAL PRODUCTS
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $56.270
Owned: Yes

2017-11-17

BUY
Berkshire Hathaway Inc. (B) (BRK.B-N)

Looking at the components, it has underperformed a little, but the chart shows a nice little trend from 2016. This would be a good risk/reward entry point.

insurance
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $181.060
Owned: Unknown

2017-11-17

COMMENT
Canadian Utilities (CU-T)

Has held this for very long time. 3.8% dividend yield. Very low risk.

electrical/electronic
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $37.940
Owned: Yes

2017-11-17

HOLD
Canadian Western Bank (CWB-T)

Although located in the West, the company is not dependent on oil and gas. They’ve been doing well. Have broken into eastern Canada a little. It is probably worth holding. 2.7% dividend yield.

banks
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $35.310
Owned: Unknown

2017-11-17

COMMENT
Deutsche Bank AG (DB-N)

Has been a laggard and went through things other banks haven’t. Chart looks similar to last year’s where we had some higher lows, where the longer-term trend was broken. You want to see this move up through that line substantially, and it has already done that. Some indicators are starting to turn up. This should move with rates going higher. The break out through $18 was an indication this should move higher.

banks
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $19.130
Owned: Unknown

2017-11-17

COMMENT
Enbridge (ENB-T)

Has been a little frustrating. Despite the slow incline, it has been pretty orderly and not choppy. We are getting close to a place where some interest will come in, but it might have to go a little lower. The action in late 2015 and early 2016 was pretty significant, and we are not that far away from it. You might be in the ballpark right where it is. There might be a 10% risk from now to the downside, which might be a little higher than what he would like. Prefers Inter Pipeline (IPL-T). 

oil/gas pipelines
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $44.860
Owned: No

2017-11-17

COMMENT
Enbridge (ENB-T)

Trying to get producers to market, and the producers have amalgamated and improved things, but the overall effect is not really helping. A very inventive and innovative company. It’s the most aggressive of the Canadian pipeline companies. 5.5% dividend yield.

oil/gas pipelines
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $44.860
Owned: Yes

2017-11-17

PAST TOP PICK
Extendicare Inc (EXE-T)

(A Top Pick Sept 28/16. Up 1%.) Earnings were very reasonable, but the market is very “fair weather” these days. There are lots of places on the chart where buyers would come back in again.

other services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $8.930
Owned: Yes

2017-11-17

COMMENT
Fairfax India Holdings Corp (FIH.U-T)

He likes this. Hasn’t bothered to look at it because it is a marvellous creation by highly skilled people. Prem Watsa himself is originally from India. It’s not simply a fund holding Indian assets, it is inventing, contriving in a sense, and has bought out companies. Thinks it is going to continue to be very good.

E.T.F.'s
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $15.700
Owned: Yes

2017-11-17

COMMENT
Fortune Minerals Ltd. (FT-T)

Cobalt. He was told to wait for the very high quality nickel, as the battery of the future will be nickel, lithium, etc., which gave him a sense of cobalt receding a bit. They are also big in bismuth.

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.185
Owned: Yes

2017-11-17

COMMENT
SPDR Gold ETF (GLD-N)

What influence does the US$ have on gold, and are the producers moving? There is a pretty strong correlation with the US $. When gold was strong, the dollar tends to be weak, and vice versa. At some point, all correlations kind of break. He expects to see some sort of bottom in bullion in December. The chart has been very choppy and has really been going nowhere, but some of the producers have been moving much higher. (See Top Picks.)

investment companies/funds
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $122.860
Owned: Unknown

2017-11-17

PAST TOP PICK
Knight Therapeutics (GUD-T)

(A Top Pick Dec 14/16. Down 19%.) Jonathan Goodman is a man of great patience and enormous wealth, which he got out of his first company. You have to be patient with this. 

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $8.070
Owned: Yes

2017-11-17

TOP PICK
Hudson Bay Co. (HBC-T)

Richard Baker is regarded as the best man in the ghastly department store sector. Had a meeting about a month ago and it was intriguing to hear him talk. He is very creative, and expected to create more things. Dividend yield of 0.4%. (Analysts’ price target is $13.75.)

department stores
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $11.290
Owned: No

2017-11-17

COMMENT
Hudbay Minerals Inc. (HBM-T)

Hudbay (HBM-T) or Lundin Mining (LUN-T)? The great, great history going back in time is this one. The shorter-term great history is Lundin, and has been much more active on the world scene. Very successful and one of the few decent sized names. We are not marching to great heights with these companies. He holds both.

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $9.810
Owned: Yes

2017-11-17

COMMENT
Hardwoods Distribution (HWD-T)

Value play or value trap? This is not a value trap. It builds wonderful kitchenware and stuff to entrap the American consumers. He’s in this for the long-term.

merchandising/lodging
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $19.580
Owned: Yes

2017-11-17

TOP PICK
iShares Nasdaq BioTech ETF (IBB-Q)

When looking at sector rotation, biotech technology to a certain degree, is sort of in the middle. The strong rotation we’ve seen has been in industrials, energy and financials, but healthcare is sort of in the middle. This is at a good level to step in. Not for the faint of heart.

E.T.F.'s
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $311.210
Owned: Yes

2017-11-17

COMMENT
iShares Dow Jones Transport ETF (IYT-N)

Transports confirm the Dow, because if goods are being produced, they have to be shipped somewhere. We’ve had a good run, but the market expected a bit of a correction from August, and this has gone down recently. Doesn’t think that is terminal. Chart shows a big rounded base for 2015-2016 with pretty positive action in 2017. Unless it breaks the lower band of around $160-$164, this is quite constructive and quite positive.

E.T.F.'s
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $171.030
Owned: Unknown

2017-11-17

COMMENT
Katanga Mining Ltd. (KAT-T)

The foremost listed quoted viable cobalt stock globally. Utterly controlled by Glencore, who are masters at their trade and own other assets in cobalt, mainly in the Congo. This one has made a big, recent liftoff. They’ve improved processing facilities and have greater capacity. It’s a matter of them knowing how to play the African game.

metal mines
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $1.260
Owned: Yes

2017-11-17

COMMENT
Lundin Mining Corp. (LUN-T)

Hudbay (HBM-T) or Lundin Mining (LUN-T)? The great, great history going back in time is Hudbay. The shorter-term great history is this one, and has been much more active on the world scene. Very successful and one of the few decent sized names. We are not marching to great heights with these companies. He holds both.

metal mines
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $9.420
Owned: Yes

2017-11-17

COMMENT
National Access Cannabis Corp (NAC-X)

The one thing about a new space is that there is going to be lots of movement. If getting into the space, he would go into some of the bigger ones. An ETF such as Horizons Marijuana Life Sciences IDX (HMMJ-T) might be a better way to play the sector, but expect some volatility.

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.270
Owned: No

2017-11-17

PAST TOP PICK
Northern Dynasty Minerals Ltd (NDM-T)

(A Top Pick Dec 14/16. Up 25%.) The world’s greatest mining prospector and Alaska is starved for jobs. The greenies have kind of receded, and there is a better mood with the EPA in the US. Thinks this gets going eventually. It is going to be gradual and you have to be patient.

precious metals
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $2.700
Owned: Yes

2017-11-17

COMMENT
New Flyer Industries Inc. (NFI-T)

Canadian industrials still look pretty good. Chart shows a nice upward trend from 2015, followed by a sideways move this year. However, it has hung on to the lower end of the 2017 base. Unless it got below $46, you are probably not going to have too much problem with it.

income trust
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $49.190
Owned: Unknown

2017-11-17

COMMENT
Nemaska Lithium Inc. (NMX-T)

Has held this for very long time. They are very promotional. They went through their controversial phase about their processes which was fairly revolutionary. So far, it seems it will work. Located in Québec.

Mining
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $1.690
Owned: Yes

2017-11-17

COMMENT
Patriot One Technologies Inc. (PAT-X)

A game changer. There is one very large British company with a similar process, but much bigger installations. This is the only one that has the right size for discrete covert use.

Technology
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $1.290
Owned: Yes

2017-11-17

COMMENT
Premium Brands Holdings Corp (PBH-T)

This is doing well. It is going through a bit of a bath with its franchisees. The market seems to be telling us that everything is going alright.

food processing
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $97.230
Owned: Yes

2017-11-17

COMMENT
Precision Drilling (PD-T)

He likes the space, but this one has been frustrating. Has been in a downtrend for a number of years, but what is encouraging is that there is a small base forming. You might consider looking at Calfrac Well Services (CFW-T) and Trican Well Services (TCW-T), which he likes a little better. With the rest of the market moving, if this company isn’t moving, maybe you want to get out of it.

oil/gas field services
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $3.470
Owned: No

2017-11-17

COMMENT
Peyto Exploration & Develop. (PEY-T)

Chart shows a long downward channel from mid-2016. The fact that we don’t have a move higher, like we’ve seen in some of the other energy names, is a little concerning. All indicators are pointing down, and he can see nothing that will change this.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $16.270
Owned: Unknown

2017-11-17

TOP PICK
Pretium Resources (PVG-T)

One of the greatest recent gold mines in the last year or 2. They have solved all the problems on the West Coast and they are in production. An excellent buy for someone. (Analysts’ price target is $19.00.)

Mining
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $14.060
Owned: No

2017-11-17

COMMENT
Stella-Jones Inc. (SJ-T)

This went into a bit of a stall, in part due to the railroad situation and confusion of commodity traffic. The picture is not absolutely clear as to whether the railroads are as keen as they used to be. They constantly have to replace the ties. It is very well-run. Very, very good Canadian managers.

misc industrial products
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $50.810
Owned: Yes

2017-11-17

HOLD
Suncor Energy Inc (SU-T)

Bought this when he thought a pro-growth theme was evolving. The chart shows there was a little resistance but it got through that around the $44 mark. Now you want to see it push higher with strength. The producer, not the crude, will lead on the way up. It should run up to $50 next year before there is any resistance.

integrated oils
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $45.210
Owned: Yes

2017-11-17

COMMENT
StorageVault Canada (SVI-X)

A great little company, and the only listed one in Canada. There are giants in the US that do have interests and individuals who have latched onto it in Canada. Their earnings report indicated that they lost $15.4 million on a revenue of $18.5 million in its 3rd quarter. He sold his holdings.

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $2.520
Owned: No

2017-11-17

COMMENT
ProShare Ultra Short 20+ yr Treasury ETF (TBT-N)

Inverse Bond ETF’s? The graph shows a higher low each time. With the expectation of rates going up, he expects it to move up. He would look at this on a month-to-month basis. Q2 is where he would be looking at acquiring bonds, if there are some hiccups and a deflation theme is starting again.

E.T.F.'s
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $34.350
Owned: Unknown

2017-11-17

COMMENT
Tricon Capital Group (TCN-T)

A Canadian company that is operating quite heavily in the US in ownership of residential properties for rental purposes. A nice company. Aggressive management.

REAL ESTATE
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $11.300
Owned: Unknown

2017-11-17

PAST TOP PICK
Spin Master Corp (TOY-T)

(A Top Pick Dec 14/16. Up 46%.) They have liaisons with the Disney’s of the world and others. Very, very talented Canadian group. It should continue to grow.

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $50.000
Owned: Yes

2017-11-17

DON'T BUY
Valeant Pharmaceuticals (VRX-T)

A really tough one, but chart shows it has a base at around the current price. The longer this goes at that price, the better it is for the stock. Healthcare is reasonable in this secular bull market. Until this gets above $25 it’s just too volatile. Anything between now and $25 might be better for a shorter-term trader.

Consumer Products
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $18.800
Owned: Unknown

2017-11-17

COMMENT
Whitecap Resources (WCP-T)

The chart shows a gentle downtrend channel from the beginning of the year, and it has made a couple of bottoms. Started to find its legs about mid year, went up, came back and tested it again. He would like to see it get above $9.75, in order to get a quick acceleration to about $12, where you are going to start to run into some resistance. This looks reasonably positive. Also, some indicators are starting to turn up. You have some nice tailwinds.

Oil and Gas (Integrated Oils)
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $9.110
Owned: Unknown

2017-11-17

TOP PICK
iShares S&P/TSX Gb Base Metals (XBM-T)

If we see rising interest rates, this is going to participate. What strikes him as a technician is that there is a nice bottoming process. If it gets above $13.80, that is pretty substantive. If there was a sustained move above that amount that encapsulates all the action in 2015-2017, he would be looking well into the $20 as a target. There are dwindling supplies, no new mines and all these infrastructure plays. Has a really good tailwind.

E.T.F.'s
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $12.890
Owned: Yes

2017-11-16

N/A
A Comment -- General Comments From an Expert 

Market.  WHY-X put out a news release that suggested someone would buy their deposit in BC.  The company surged and was halted, then the deal fell apart.  You have to be careful about this.  He cannot believe the kinds of things that go on in this market. 

Adam Thomas

Vice President & Portfolio Manager, Qwest Fund Management

Price: $0.020
Owned: _N/A

2017-11-16

N/A
A Comment -- General Comments From an Expert 

Market. Overall, it was a very, very strong quarter. Thinks it’s a prelude to a pretty good year to come, and continuation of this grudging bull market we’ve been in. While we are getting a few divergences on the valuation front, which is creating some great opportunities for active managers, overall things are looking very, very good, and he is optimistic going forward. Economically, things are very good. The US central bank is now unwinding the quantitative easing that they’ve had in place for about 5 years. Interest rate increases will probably continue.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.020
Owned: _N/A

2017-11-16

N/A
A Comment -- General Comments From an Expert 

IPOs? With these, you have to do a lot of homework. There is no background in the public market. For the average retail investor, it is tough. There is also another aspect. It’s the way shares are delved out to people who have asked to get them. The average person is at a disadvantage, as there is a bit of a network among dealers. His general rule is to avoid them.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.020
Owned: _N/A

2017-11-16

SELL ON STRENGTH
Air Canada (AC-T)

He was in for a while and it did quite well but if oil goes up it will be hit.  He would take profits.

Transportation
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $24.040
Owned: No

2017-11-16

HOLD
AGF Management (B) (AGF.B-T)

It was a turnaround of sorts and had problems over the years.  They were losing assets and have turned that around.  Once CRA issues are cleared up it should go up.  At some point he thinks someone will buy it.

investment companies/funds
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $8.230
Owned: Unknown

2017-11-16

TOP PICK
Anthem Inc (ANTM-N)

A free cash flow machine. Have retired 58% of their outstanding shares in the last decade. The #2 managed care organization, health insurer, in the US. Dividend yield of 1.3%. (Analysts’ price target is $226.)

medical services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $220.890
Owned: Yes

2017-11-16

COMMENT
Arc Resources Ltd (ARX-T)

A well run company. The problem with this and a lot of the Western Canadian E&P’s is that the biggest part of production is natural gas coming out of Western Canada. At times in September, that production was basically worthless. The oil and condensates they are producing is worth quite a bit of money, but gas is almost being given away. The Western Canadian gas market continues to be depressed, and will be for a number of years.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $16.010
Owned: Unknown

2017-11-16

PAST TOP PICK
Badger Daylighting (BAD-T)

(A Past Top Pick Dec 2/16,  Down 11%)  There had been a bearish article on them.  He thought the hedge fund did not have a good case on them.  He should have bought it when it fell because a lot of insiders bought then.  He thinks it will be okay.

oil/gas
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $28.340
Owned: Yes

2017-11-16

HOLD
Brookfield Asset Management (A) (BAM.A-T)

(Market Call Minute.) A very good manager of multiple funds. They get a flow of inflows from Brookfield’s Limited partnerships.

management/diversified
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $52.590
Owned: Unknown

2017-11-16

HOLD
Bonavista Energy Corp (BNP-T)

(Market Call Minute.) A good, solid energy company, but has a bit of a hangover because of its natural gas exposure.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $2.430
Owned: Unknown

2017-11-16

HOLD
Brick Brewing Company Ltd. (BRB-T)

(Market Call Minute.) A very solid brewer with excellent beer products. If it got down to the mid-$2, he would be a buyer.

breweries/beverages
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $3.250
Owned: Unknown

2017-11-16

HOLD
Grande West Transportation Group (BUS-X)

They make smaller busses.  They have done quite well.  They had a big run and the news is baked into the stock.  If they can keep going then they could be taken out.  This is probably their plan.

Transportation
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $2.460
Owned: Unknown

2017-11-16

WAIT
Celgene Corp (CELG-Q)

One of the larger biotech companies. The big drop last month was due to a halt in one of their trials where they were developing what looked like a pretty good drug which would have been a big market. He would stay away for another month or so, but longer-term, it is a pretty good company with a portfolio of good drugs in development and good drugs in the market.

Consumer Products
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $103.350
Owned: Unknown

2017-11-16

BUY
Centric Health (CHH-T)

He likes the company.  One division is an industrial pharmacy.  The other is private surgery.  There is increasing demand for both due to the aging demographic.  Analysts are gearing up for what they see as pretty good growth in the next couple of quarters.  Longer term it will do well also.  It is in the sweet spot.

other services
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $0.690
Owned: Unknown

2017-11-16

COMMENT
Covalon Technologies (COV-X)

It is not a well known name at all.  It is medical products.  One investor owns close to a half of it.  They are gaining market share.  He is guessing they are a takeout play at some point.

medical services
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $4.420
Owned: Unknown

2017-11-16

TOP PICK
Canwel Building Materials Ltd. (CWX-T)

The CEO is superb.  They are making some acquisitions in the US in hot markets.  He likes the outlook.  It is a place to park some money.  Not a bad investment and dividend in a toppy market.  There is commodity risk and weather risk in it, however.  (Analysts’ target: $7.50).

wholesale distributors
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $6.810
Owned: Yes

2017-11-16

WATCH
Concordia International Corp (CXR-T)

You likely can’t salvage anything from here.  If you are interested in this stock then wait for it to have a couple of positive quarters and let the chart be your guide. 

Pharma & Healthcare
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $0.620
Owned: Unknown

2017-11-16

PAST TOP PICK
Ceapro Inc. (CZO-X)

(A Past Top Pick Dec 2/16, Down 59%)  He is going to conceded defeat on this one.  The revenues and earnings have fallen.  The company is not good at communicating.

Healthcare
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $0.580
Owned: No

2017-11-16

BUY
Diversified Royalty Corp. (DIV-T)

It is an old pick of his.  They buy royalties.  They hit a speed bump a couple of years ago when they bought a royalty stream in Alberta when the economy there tanked.  They now have a lot of promise.  It has a nice little dividend.  As they diversify their royalty stream it should get a higher multiple.

other services
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $3.530
Owned: Yes

2017-11-16

DON'T BUY
Dollarama Inc. (DOL-T)

Your classic momentum stock. One of the few companies in Canada that has continuous earning beats. Has a good business that continues to grow. It is a really expensive stock. There is a world of investable opportunities out there, and a lot of great companies like this that he would like to own at some point, but you are paying many, many, many future years of profits now at these valuation levels.

Consumer Products
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $151.490
Owned: No

2017-11-16

COMMENT
Deveron UAS CORP (DVR-CN)

They are a data company that flies data over farm lands to figure out if you need more moisture, etc.  They just signed a deal with Monsanto (MON-N).  It validates the story.  He has high hopes for it.

Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $0.375
Owned: Yes

2017-11-16

WAIT
DowDuPont Inc. (DWDP-N)

A lot of the bigger US companies are reflecting a fair bit of good news. This merger entity is a really great company, and over time you will make money with it. He would hold off and wait for a correction. The stock is not cheap.

chemicals
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $70.680
Owned: Unknown

2017-11-16

PAST TOP PICK
Element Fleet Management (EFN-T)

(A Top Pick Feb 21/17. Down 30%.) On a standalone basis going forward, this is a cheap, cheap company. Trading at 9X earnings. Management has been buying stock, which is a very bullish signal. North America’s #1 leading vehicle fleet manager. They provide service for their customers on running their fleets more efficiently. Pays a 3% dividend yield, which is likely going to be increased every year.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $9.660
Owned: Yes

2017-11-16

DON'T BUY
Exchange Income (EIF-T)

(Market Call Minute.) There are Short reports out there, and he is trying to get his head around as to whether the Shorts have nailed this or not. There are some concerning signals. He would hold off on this.

Transportation & Environmental Services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $34.820
Owned: Unknown

2017-11-16

HOLD
Enbridge (ENB-T)

One of the world’s largest pipeline companies, and a leader in North America in oil transportation. A great, long term company. Has a fair bit of growth projects coming at them. Part of the issue is debt. People are worried they are going to have to raise more equity. There is a chance we could see an equity issue in the next year. With that overhang, the stock may just be going sideways. At these levels, it looks like reasonable value, but don’t expect much upward movement until there is more clarity. If you already own this, you are probably safe in just sitting tight. Dividend yield of 5.5%.

oil/gas pipelines
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $44.010
Owned: Unknown

2017-11-16

WEAK BUY
Enerplus Corp (ERF-T)

(Market Call Minute.) A good, solid oil and gas company with good exposure in the right areas. He would call this a soft Buy.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $11.510
Owned: Unknown

2017-11-16

HOLD
Flyht Aerospace Solutions (FLY-X)

A fascinating small-cap company that recently became profitable. However, the 3rd quarter was not profitable which caused softness. Feels there are a lot of good things to come in the coming year. They have fascinating technology to help airlines run fleets more efficiently, as well as dealing with problems like lost airplanes. Feels it is going to be a very successful company long-term. The recent pullback is a buying opportunity.

Transportation
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $2.010
Owned: Unknown

2017-11-16

TOP PICK
Freehold Royalties (FRU-T)

This operates in the capital-intensive business of oil and gas but, because they are a royalty company, their capital intensive is extremely low. They have the lowest operating cost in the industry. Has a 6% free cash flow yield. Dividend yield of 3.9%, which he expects to be increased again next year. (Analysts’ price target is $17.75.)

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $15.090
Owned: Yes

2017-11-16

PAST TOP PICK
Colabor Group Inc. (GCL-T)

(A Past Top Pick Dec 2/16, Down 45%)  It was a turnaround that checked all the boxes.  It started off okay but the wheels have fallen off.  A vice chair has invested a lot of money and this gives him hope.  Q3 of this year was supposed to have been the bottom.  If they turn it around the stock could triple.

wholesale distributors
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $0.760
Owned: Yes

2017-11-16

WAIT
Gap (GPS-N)

This is a cheap retail stock. Has a pretty good franchise, but like a lot of brick-and-mortar retail, their numbers have stagnated. This is probably one of the longer-term survivors, but the general sector still seems to be under pressure.

specialty stores
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $27.480
Owned: Unknown

2017-11-16

BUY
GreenPower Motor Company Inc. (GPV-X)

They make electric busses.  They have a functioning product, they have sales and insiders are investing their own money.  VW had to pay fines due to their scandal and the money is earmarked for green transportation.

Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $0.405
Owned: Yes

2017-11-16

DON'T BUY
Gluskin Sheff and Associates (GS-T)

A long-term manager of high net worth clients, who historically has done pretty well. He would avoid the stock right now. In the last year there has been a lot of infighting. The 2 founders are suing the company. Performance numbers have not been impressive. He worries what is going to happen to their asset flows, given some of the stuff that has happened.

Financial Services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $15.520
Owned: Unknown

2017-11-16

TOP PICK
goeasy (GSY-T)

Leasing furniture and sub-prime lending it is more economically sensitive than a bank.  They just raised a large amount of money.  Whenever they make a loan they grow their earnings.  Their loan book should grow and so should their earnings.  A very well run company and a cheap stock at 11 times earrings.  You might get a larger multiple.  (Analysts’ target: $39.00).

merchandising/lodging
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $33.230
Owned: Yes

2017-11-16

HOLD
Halliburton Co (HAL-N)

The #2 oil/gas services company globally, and the leader in US fracturing services. The stock has done nothing for a while because it is a pretty big conglomerate with a lot of debt and multiple services, with some areas still in the doldrums. Prefers some of the more pure-play companies in the US.

oil/gas field services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $41.510
Owned: Unknown

2017-11-16

COMMENT
HIVE Blockchain Technologies (HIVE-X)

He has never made such a return in such a short time.  They have done an amazing job.  They promoted the story well and did so for the right reasons.  He has seen insiders buying it and they are doing all the right things but he can’t recommend a stock that he bought at one tenth the price it is at now.  There is money to be made in this space.

Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $3.760
Owned: Yes

2017-11-16

WATCH
Helius Medical Technologies (HSM-T)

They put out some numbers from their trial that the one analyst covering it who called the trial a failure.  The company doesn't agree, and there was a lot of confusion. The group getting the actual treatment showed a 75% result but the sham group had a 60% result. As It's an electrical current, they had to give the control group some electrical current otherwise they would know. The company felt that was great news as it showed that the device worked even at a lower frequency. It enhances physiotherapy for people who have motor issuws.  There is more data coming out and in a year we will know more.

Healthcare
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $3.050
Owned: Unknown

2017-11-16

BUY
Assure Holdings Corp (IOM-X)

It is a new company that supply services to surgeons.  It is undervalued.  They are profitable.  They have very high margins.  It is cheap because they have a lot of receivables.  If they hang on longer, the insurers give them more money.  If you see the receivables coming in then it will grow.

Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $4.170
Owned: Unknown

2017-11-16

WATCH
Intertape Polymer Group (ITP-T)

It is a well run company.  They had a hiccup with one of their plants.  At some point the dividend will go up.  He likes the management team.

packaging/containers
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $20.600
Owned: No

2017-11-16

BUY
Global X Lithium E.T.F. (LIT-N)

(Market Call Minute.) This has had a pretty good run. The greater picture on electronic vehicles is that it is going to create a lot of demand for lithium. This would be a positive place to invest.

E.T.F.'s
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $39.570
Owned: Unknown

2017-11-16

SPECULATIVE BUY
Leitch Tech (LTV-T)

It has been around for a while.  They announced a contract with a bank.  It is interesting with a good CEO.  Demand for Cyber security is going up.  It is riskier but if you can handle it, it is interesting.

electrical/electronic
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $13.990
Owned: Unknown

2017-11-16

PAST TOP PICK
Magna Int'l. (A) (MG-T)

(A Top Pick Feb 21/17. Up 16%.) This is going to pay off more in the coming year. Earnings are going up and it has a great balance sheet. Trading at 8X next year’s earnings and 5X EV to EBITDA. It’s the 2nd biggest auto parts company globally and is really well positioned. Pays a small 2% yield that increases every year.

Automotive
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $68.050
Owned: Yes

2017-11-16

TOP PICK
Microsoft (MSFT-Q)

He likes companies that produce a lot of free cash flow, because it generates a lot of shareholder wealth. This is the world’s largest software company, and they generate increasing streams of revenue and free cash flow. Trades at about a 6% free cash flow yield. Has recently started to accelerate their business as they’ve accelerated their web business. Dividend yield of 2%. (Analysts’ price target is $92.)

computer software/processing
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $83.200
Owned: Yes

2017-11-16

BUY on WEAKNESS
MTY Food Group (MTY-T)

(Market Call Minute.) This operates a number of different fast food franchises in food courts. He likes it longer-term. It has had a bit of a run and he would be a buyer on weakness.

food services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $54.710
Owned: Unknown

2017-11-16

COMMENT
Neptune Tech & Bioresource (NEPT-T)

This is undergoing a transition. They have vested the lions share of their Neptune krill oil business, and entered into partnerships with other players in that market. Has a plant in Sherbrooke which is a very good oil processor, and they want to become a leader in the marijuana oil processing market. An evolving company and he likes the story longer-term.

biotechnology/pharmaceutical
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $1.320
Owned: Yes

2017-11-16

HOLD
New Flyer Industries Inc. (NFI-T)

It was a great turnaround story.  The easy money has been made on this, though.  He feels it is fully valued.  Others in the space might be more interesting.

income trust
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $50.290
Owned: No

2017-11-16

SELL
Pengrowth Energy (PGF-T)

If you are bullish on oil this one will move more.  Don’t sell it if you think oil is going to go but otherwise you have to let it go.

oil/gas
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $1.070
Owned: Unknown

2017-11-16

BUY
Royal Dutch Shell PLC (A) (RDS.A-N)

Oil prices should grind their way higher in the next couple of years.  Shale does not produce a real return for investors so he thinks it will fade away.  The gasoline engine will take 50 years to fade away.  He owns SU-T and CNQ-T.  If you are in early you are going to make a lot of money.

integrated oils
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $61.560
Owned: No

2017-11-16

TOP PICK
Rocky Mountain Dealerships (RME-T)

They had trouble a few years ago and sorted them out.  They have a dividend as well.  The industry is solid and stable and the company has turned around, solving their problems.  He thinks there is upside to come.  (Analysts’ target: $14.00).

Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $12.900
Owned: Yes

2017-11-16

PARTIAL SELL
Raytheon (RTN-N)

A very solid US defence company. Probably one of the stronger subsectors within defence. They are one of the leaders in the missile defence systems. If he had owned this for the last year, he would probably take half his position off.

electrical/electronic
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $184.270
Owned: No

2017-11-16

BUY
Shawcor Ltd. (A) (SCL-T)

The world leader and a top player in this space.  He thinks the oil industry will start to pick up again so it is a good buy here. 

oil/gas field services
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $25.450
Owned: Unknown

2017-11-16

HOLD
TheScore Inc. (SCR-X)

He is a long suffering shareholder.  They are having trouble commercializing it and getting their revenues.  It is tougher than they thought it would be.  It’s a great management team.

Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $0.125
Owned: Yes

2017-11-16

HOLD
Siyata Mobile Inc (SIM-X)

An in car touch to talk radio.  It is going to cellular.  If they sign a contract with a big cellular company in the US then the stock will move.  This is the real upside on this company.

communications/media
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $0.560
Owned: Unknown

2017-11-16

WEAK BUY
Teck Resources Ltd. (B) (TECK.B-T)

Zinc prices have done well in the last couple of months.  It is a commodity to watch.  He owns a smaller operator in the north.  ZINC-T (Pinepoint mining) is his preferred way to play it.

precious metals
Fabrice Taylor

Publisher, The President's Club Newsletter

Price: $27.060
Owned: Unknown

2017-11-16

DON'T BUY
Tesla Motors Inc (TSLA-Q)

A very high profile stock. Thinks the company could go bankrupt. They are really doing things to push forward the adoption of electric vehicles, and have burned through $5 billion of capital in the last 12 months. Expects they will burn through another $5 billion in the next 1-2 years. They are going to have to do multiple capital raises. So far, the market has been willing to give boatloads of cash to them.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $312.500
Owned: No

2017-11-16

PAST TOP PICK
United Parcel Services (UPS-N)

(A Top Pick Feb 21/17. Up 8%.) Given the advent of e-retailing there are more package deliveries going on. Amazon has been the high profile player in e-commerce, but he would argue that the safer players would be companies like this and FedEx. Trading at 16X 2018 earnings with a 3% dividend yield that gets increased every year.

Transportation
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $113.700
Owned: Yes

2017-11-16

COMMENT
Westshore Terminals Inc. (WTE-T)

A really good asset. Terminals at ports are kind of scarce assets. Long-term, they are good investable assets. This one primarily serves the coal market. With the downturn in coal there was some panic and worries they would lose a lot of business. The stock really got battered, but has had a nice rebound back.

investment companies/funds
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $24.730
Owned: Unknown

2017-11-15

N/A
A Comment -- General Comments From an Expert 

Energy. He made the decision to leverage up earlier this year and buy some oil stocks, on the belief that the macro for oil was and is continuing to improve with the continued drawdown in the oil glut. With the passage in time due to strong demand growth, compliance by OPEC and by faltering US production growth, means inventories will draw, and would normalize towards a more normal oil market. At the end of October, the OEC inventory glut fell by 60% and should continue. Oil is up on the year, and yet his fund is still down 38%, a huge disconnect between the commodity price and stocks. This is because energy has been the worst performing sector on the planet. There is an OPEC meeting on the 30th and an element of uncertainty as to whether the agreement will be extended to the end of 2018. Oil is up 2 days ago, making a two-year high. Inventories are falling at the fastest pace in history. He is hoping that in the next couple of weeks buyers will come back, recognizing the opportunities that are available.

Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $0.020
Owned: _N/A

2017-11-15

N/A
A Comment -- General Comments From an Expert 

Market. At the moment we are in an intermediate up leg, a very short-term type of correction. As a result, there is a rotation going on from more cyclical stocks into the consumer staples and utilities. There is a 90% likelihood interest rates are going to be raised in December, and typically everyone is concerned about rising rates being bad for stocks. Historically, that has not been the case. He is quite positive on stocks for the next 12 months.

Robert McWhirter

President, Selective Asset Management

Price: $0.020
Owned: _N/A

2017-11-15

COMMENT
Athabasca Oil Sands Corp (ATH-T)

A heavy oil producer, primarily in the oil sands. Their leverage to the oil price is higher than others. It’s one of the high beta names that people typically trade around, as opposed to investing in.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $1.170
Owned: No

2017-11-15

PAST TOP PICK
Birchcliff Energy Ltd. (BIR-T)

(A Top Pick Oct 7/16. Down 45%.) The only natural gas name he owns. He gets excited when sentiment gets so universally bearish, and worst-case expectations get built into the stock price. He finds this name attractive.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $5.030
Owned: Yes

2017-11-15

HOLD
Calfrac Well Services Ltd (CFW-T)

The hang-up on this is debt. That’s been restraining their ability to grow. He was optimistic that they may be able to monetize their Russian or south American operations, or even their US operations in order to pay down debt. Unless they are able to monetize their US operations, he can’t see how they will get a re-rating of the story. If you own it, he would just let it ride, as the backdrop in pressure pumping is very strong in Canada.

oil/gas field services
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $5.640
Owned: No

2017-11-15

TOP PICK
C & J Energy Services (CJ-N)

A US pressure pumper with ancillary services trading at about 4.5X next year’s EBITDA. The frac market in the US is tight, and will remain tight throughout all of next year. These companies will be able to push through more price increases. A good way to gain exposure to US pressure pumpers. (Analysts’ price target is $39.)

Energy Infrastructure, Industrials & Utilities
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $29.350
Owned: Yes

2017-11-15

PAST TOP PICK
Cardinal Energy Ltd (CJ-T)

(A Top Pick Oct 7/16. Down 44%.) One of the few Canadian names he has actually added to recently. Oil is down about 1%, while this name is down 57%. Over that time period, they did an acquisition. The balance sheet has always been pretty good. Yielding 8.9%, which is sustainable.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $4.690
Owned: Yes

2017-11-15

PAST TOP PICK
Celestica Inc (CLS-T)

(A Top Pick Jan 6/17. Down 17%.) Recent earnings have been a disappointment, down 25% on Oct 25. He used a stop loss to sell the stock earlier.

electrical/electronic
Robert McWhirter

President, Selective Asset Management

Price: $13.450
Owned: No

2017-11-15

COMMENT
Crescent Point Energy Corp (CPG-T)

You have oil generally flattish in Cdn$ terms, but because of the total apathy towards the space, there has been a selloff in a lot of names. He can see the attraction of this, because it is trading at a 5X inner pipe to cash flow using strip. It used to trade 8X or 9X. If you look at what the assets should be valued at, you basically have cash cows that is funding their user (?) basin where they are getting some pretty good results. If you blacked out the basin, well results relative to well costs looks pretty good. This is undervalued relative to where oil is. Due to the management discount on it, he struggles to see how it would outperform long-term. 

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $9.630
Owned: Unknown

2017-11-15

DON'T BUY
Crew Energy Inc. (CR-T)

Not one of his favourite ways to gain exposure to gas. They have slightly higher average than their peer group to ECO pricing. You are basically getting no production for the next year because they shelved one of their main infrastructure projects.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $3.980
Owned: No

2017-11-15

PAST TOP PICK
Capstone Mining Corp. (CS-T)

(A Top Pick Jan 6/17. Up 4%.) Still quite positive on base metals, including zinc and copper. Now people are chatting up copper and saying that if car sales hit the number that the electric car makers are suggesting, then copper would be in short supply.

precious metals
Robert McWhirter

President, Selective Asset Management

Price: $1.380
Owned: No

2017-11-15

COMMENT
Chartwell Seniors Housing (CSH.UN-T)

Runs a variety of retirement homes and long-term care facilities in Canada. Ranks 258 out of 700 stocks. Analysts are bumping up their numbers, but he doesn’t think the stock is inexpensive at this point. Free cash flow is negative at -3.3%. There are other investment income companies he would prefer.

property mngmnt/investment
Robert McWhirter

President, Selective Asset Management

Price: $15.680
Owned: Unknown

2017-11-15

COMMENT
DynaCERT Inc (DYA-X)

Takes oxygen and hydrogen and inserts it into intake systems, particularly of large diesel engines. They’re also working on an application for smaller engines. This increases fuel economy but, most importantly, reduces particulate emissions dramatically. They are currently testing a 2nd application, on refrigerated engines on tractor-trailer units. Initial tests have been quite positive and the Company they’re working with has given them a completely different unit to verify results. If results come out as expected, that would be something quite positive. He thinks this will be a great opportunity.

machinery
Robert McWhirter

President, Selective Asset Management

Price: $0.540
Owned: Unknown

2017-11-15

DON'T BUY
Enbridge (ENB-T)

There’ve been negative estimate revisions recently. Ranks 210 out of 700 stocks. Sales were down 39% year-over-year, when they reported on Nov 2. Earnings were down 22%, and estimates have been shaved by 3%. PE is 18X for 2018. Thinks you can find other stocks with rising earnings and free cash flow giving you a better return.

oil/gas pipelines
Robert McWhirter

President, Selective Asset Management

Price: $44.060
Owned: No

2017-11-15

BUY
Flyht Aerospace Solutions (FLY-X)

Recently traded at $2.50, earnings were a disappointment, so it drifted down to about $1.95. They continue being in tests with Boeing (BA-N) and a courier company. Also working with one of the satellite companies. They offer a black box installed in planes for 1) communication and 2) to keep track of where the plane is. There are new regulations coming that says you have to know where a plane is. Believes this is a time to buy.

Transportation
Robert McWhirter

President, Selective Asset Management

Price: $1.940
Owned: Unknown

2017-11-15

PAST TOP PICK
Canyon Services Group (FRC-T (Dead))

(A Top Pick Oct 7/16. Up 19%.) This was acquired by Trican.

oil/gas field services
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $6.660
Owned: No

2017-11-15

COMMENT
BSM Technologies (GPS-T)

Uses their GPS system to figure out where trains are, and to more accurately schedule trains and service vehicles for people working on the rails. Reported on Aug 14 and earnings were down 10%. That was against a 32% increase in sales. In the coming quarter, earnings are expected to be down 75% year-over-year. Great technology. He is still waiting for the traction that is expected.

electrical/electronic
Robert McWhirter

President, Selective Asset Management

Price: $1.240
Owned: No

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