Stockchase Daily News RSS The Days Comments by Experts https://stockchase.com en [N/A] A Comment -- General Comments From an Expert (A Commentary) <p><span style="color: #ff0000;"><strong>Market.&nbsp;</strong></span> Every year he wonders if we will plateau in ETF inflows or will we break records and it looks like we are headed to break records again this year.&nbsp; There are about 640 ETFs in Canada now.&nbsp; There are more to come including actively managed ones.&nbsp; We have a friendlier regulatory environment for actively managed ETFs in Canada.&nbsp; It is more like mutual funds.&nbsp; The Canadian ETF market has more headroom to grow than the US.&nbsp; The whole world comes to the US ETF market to invest.&nbsp; Many Canadian investors have a home bias.&nbsp; Equal weighting is a good way to get a sector weight exposure.</p> https://stockchase.com/opinions/view/177945 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177945 [SPECULATIVE BUY] Horizon's Medical Marijuana (HMMJ-T) <p>It is purely based on where you think it will go in the next while but it could be a good bet.&nbsp; It is risky and only for the riskiest investors.&nbsp; There could be pull backs equal in magnitude to the run ups we have seen.&nbsp; There are not large blocks transacting regularly so it is a home grown retail investor interest.&nbsp; It is definitely a growing industry.</p> https://stockchase.com/opinions/view/177946 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177946 [COMMENT] First Asset Tech Giants CC ETF (TXF-T) <p>Covered call currency hedged ETF.&nbsp; It is narrowly focused in the industrial sector.&nbsp; They write on 25% of the portfolio.</p> https://stockchase.com/opinions/view/177947 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177947 [COMMENT] iShares PHLX Semiconductor ETF. (SOXX-Q) <p>It is the iShares semiconductor US company ETF.&nbsp; It has been around for a lot of tie and has a lot of size and volume.</p> https://stockchase.com/opinions/view/177948 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177948 [WAIT] A Comment -- General Comments From an Expert (A Commentary) <p><span style="color: #ff0000;"><strong>US$ Investments in Telecoms.&nbsp;</strong></span> Today&rsquo;s telecom is not like your granddaddies telecom.&nbsp; They could then deliver stable dividends and returns.&nbsp; There will be a lot of shifts to that classification.&nbsp; Over the next year there will be a shakeup in how telecom stocks are classified.&nbsp; A lot of social networking companies will come into the space.&nbsp; It is an interesting investment theme but he wants to take a wait and see approach.&nbsp; You will get currency risk in US investment accounts.</p> https://stockchase.com/opinions/view/177949 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177949 [BUY] HAP Enhanced Income Equity ETF (HEX-T) <p>It is a covered call ETF that is actively managed.&nbsp; It holds a basket of stocks.&nbsp; It is into typically Canadian exposure.&nbsp; It is difficult to judge whether it is going to outperform.&nbsp; It has a high yield (just over 5.2%). &nbsp;If you want this then it is a good investment.</p> https://stockchase.com/opinions/view/177950 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177950 [COMMENT] Vanguard US Total Mkt Ind ETF (VUN-T) <p><span style="color: #ff0000;"><strong>HXS-T vs. XUS-T vs. VUN-T.</strong></span>&nbsp; HXF is the financial swap based ETF and the swap fee has a fee of zero.&nbsp; It is Canadian bank that is doing the swaps.&nbsp; When you sell it down the line you will have compounded the yield.&nbsp; There are reasons to buy into Canadian financials at this time.&nbsp; HXF is a good idea.</p> https://stockchase.com/opinions/view/177951 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177951 [COMMENT] Horizons S&P 500 (HXS-T) <p><strong><span style="color: #ff0000;">HXS-T vs. XUS-T vs. VUN-T</span>.</strong>&nbsp; HXF is the financial swap based ETF and the swap fee has a fee of zero.&nbsp; It is Canadian bank that is doing the swaps.&nbsp; When you sell it down the line you will have compounded the yield.&nbsp; There are reasons to buy into Canadian financials at this time.&nbsp; HXF is a good idea.</p> https://stockchase.com/opinions/view/177952 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177952 [COMMENT] iShares S&P 500 Index ETF (XUS-T) <p><span style="color: #ff0000;"><strong>HXS-T vs. XUS-T vs. VUN-T</strong></span>.&nbsp; HXF is the financial swap based ETF and the swap fee has a fee of zero.&nbsp; It is Canadian bank that is doing the swaps.&nbsp; When you sell it down the line you will have compounded the yield.&nbsp; There are reasons to buy into Canadian financials at this time.&nbsp; HXF is a good idea.</p> https://stockchase.com/opinions/view/177953 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177953 [COMMENT] A Comment -- General Comments From an Expert (A Commentary) <p><span style="color: #ff0000;"><strong>Canadian listed ETF to US counterpart.&nbsp;</strong></span> Taxes, fees and so on all play a part.&nbsp; US ETFs are often cheaper.&nbsp; Currency is a major factor and in a Canadian ETF you may have the option of a hedged ETF.&nbsp;</p> https://stockchase.com/opinions/view/177954 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177954 [SPECULATIVE BUY] Bitcoin Investment Trust (GBTC-N) <p><span style="color: #ff0000;"><strong>BitCoin Stocks.&nbsp;</strong></span> The investment fund is not an ETF.&nbsp; They are closed end funds.&nbsp; There are no ETFs that hold BitCoins.&nbsp; GBTC-N has pretty high premiums to BitCoin.&nbsp; It is very, very risky.&nbsp; He would wait for an actual ETF.&nbsp; Futures in the currency are coming out shortly and could inspire more ETFs.&nbsp;</p> https://stockchase.com/opinions/view/177956 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177956 [HOLD] iShares Cdn Div Aristocrats ETF (CDZ-T) <p>It is one of the earliest ETFs in Canada.&nbsp; There are others now with better pricing.&nbsp; A payout fall could only reflect a fall in the underlying sectaries&rsquo; payout.</p> https://stockchase.com/opinions/view/177957 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177957 [BUY] Robo-Global Robotics and Automation (ROBO-Q) <p><span style="color: #ff0000;"><strong>BOTS-Q vs. ROBO-Q.&nbsp;</strong></span> A good homerun in the market.&nbsp; The ETFs have been around since 2016 but have rocketed.&nbsp; You pick them in Canada or the US.&nbsp; BOTZ-Q is a bit more focused.&nbsp; AIEQ-N is run by artificial intelligence.&nbsp; It is actively managed by a robot.</p> https://stockchase.com/opinions/view/177958 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177958 [HOLD] Global X Robotics & AI ETF (BOTZ-Q) <p><span style="color: #ff0000;"><strong>BOTS-Q vs. ROBO-Q.</strong></span>&nbsp; A good homerun in the market.&nbsp; The ETFs have been around since 2016 but have rocketed.&nbsp; You pick them in Canada or the US.&nbsp; BOTZ-Q is a bit more focused.&nbsp; AIEQ-N is run by artificial intelligence.&nbsp; It is actively managed by a robot.</p> https://stockchase.com/opinions/view/177959 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177959 [DON'T BUY] HBP NYMEX Nat'l Gas Bull+ (HNU-T) <p>A Levearge ETF.&nbsp; He advised to steer clear of these kinds of investment.&nbsp; They are trading vehicles the are intended to be watched daily. D</p> https://stockchase.com/opinions/view/177960 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177960 [DON'T BUY] iShares MSCI Germany ETF (EWG-N) <p>For single country exposure he likes it.&nbsp; There is not a single play on German in Canada yet.&nbsp; FLGR-N is a non actively managed ETF and he prefers it because active managers in Germany are going to have a hard time outperforming the index.</p> https://stockchase.com/opinions/view/177961 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177961 [TOP PICK] iUnits S&P/TSX 60 ETF (XIU-T) <p>The original and the best.&nbsp; The world&rsquo;s first launched ETF.&nbsp; It is pretty boring.&nbsp; He likes to see diversification.&nbsp; But this one is a large cap play on Canada.&nbsp; It is very, very liquid.</p> https://stockchase.com/opinions/view/177962 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177962 [TOP PICK] BMO S&P/TSX Oil & Gas ETF (ZEO-T) <p>The mega caps dominate the index.&nbsp; When you go equal weight in the sector you get more of a small cap return.&nbsp;</p> https://stockchase.com/opinions/view/177963 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177963 [PAST TOP PICK] HAP Floating Rate Bond ETF (HFR-T) <p><span style="color: #ff0000;"><strong>(A Top Pick Jun 29/17, Up 1%)&nbsp;</strong> </span>We considered the risk of this ETF to be as low as the bond market.&nbsp; It is boring.&nbsp; You can get 1-2% yield coming out of it.&nbsp; It is a safe, boring investment.</p> https://stockchase.com/opinions/view/177964 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177964 [PAST TOP PICK] BMO S&P/TSX Capped Composite Index ETF. (ZCN-T) <p><span style="color: #ff0000;"><strong>(A Top Pick, Jun 29/17, Up 7%)&nbsp;</strong></span> It is a core allocation for him in the Canadian potion of a portfolio.&nbsp; Have more than 5-20% Canadian exposure.</p> https://stockchase.com/opinions/view/177965 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177965 [PAST TOP PICK] iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH-T) <p><span style="color: #ff0000;"><strong>(A Top Pick, Jun 29/17, Up 4%)</strong></span>&nbsp; They launched this a number of years ago and he likes them because they are very cheap.&nbsp; It is a play on Europe.&nbsp; Currency hedging is baked into this product.&nbsp; They don&rsquo;t just hold large cap stocks.&nbsp; It is much more diversified.</p> https://stockchase.com/opinions/view/177966 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177966 [TOP PICK] PowerShares FTSE RAFI U.S. Fundamental Index ETF (PXS-T) <p>He likes the US.&nbsp; This one is unhedged.&nbsp; It is an index for US equities.</p> https://stockchase.com/opinions/view/177967 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177967 [N/A] A Comment -- General Comments From an Expert (A Commentary) <p><span style="color: #ff0000;"><strong>Market.</strong></span> The US economic data has been pretty good until recently when there was another downturn in capital spending. Canada is a completely different story with the 2 surprise back to back rate hikes. We are just beginning to see the full impact of those 2 rate hikes. On the July 11 rate hike, there was an expected 1% increase in retail sales for September, but it came in only at 0.1%. The 2<sup>nd</sup> hike was on Sept 6, which will start to bear the brunt of the 2 rate hikes. We lost more than 10% in exports for 4 months in a row. He can&rsquo;t wait to see the rest of the September numbers, and October could be even worse. We might have a little reprieve, because the Cdn$ had turned weaker by October. The Federal Reserve wants to raise rates, and are switching back to rule-based monetary policy. Because inflation is so low, there is still an argument that there is no need to raise rates quickly. The bull market is still very much intact.</p> https://stockchase.com/opinions/view/177969 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177969 [COMMENT] Suncor Energy Inc (SU-T) <p>The old highs are always bullish and we are now testing a 3<sup>rd</sup> high. Expects it will go higher. There are still uncertainties in the oil market. Crude has recovered and is now $57-$58, but you have the American shale producers that have lots of capacity. During uncertainty, you want to buy the strongest company in the sector, and this company is definitely benefiting from that.</p> https://stockchase.com/opinions/view/177970 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177970 [COMMENT] Teck Resources Ltd. (B) (TECK.B-T) <p>Chart shows a very good base formation coming up from the beginning of 2016, but if the stock wants to go higher, we should not be hanging around below $30. The fact that this failed to get higher, means this will just continue to go sideways, maybe even trade a little lower.</p> https://stockchase.com/opinions/view/177971 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177971 [COMMENT] Hardwoods Distribution (HWD-T) <p>This does high-end panelling, flooring, etc. They have a very good grasp of the high-end market. Chart shows several years of higher highs and higher lows.</p> https://stockchase.com/opinions/view/177972 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177972 [COMMENT] DowDuPont Inc. (DWDP-N) <p>Chart shows the stock is just going horizontally in a range, not going anywhere. There are better things to do than sitting here. Looks like dead money.</p> https://stockchase.com/opinions/view/177973 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177973 [WAIT] General Electric (GE-N) <p>Has been looking at this for signs of when it will be cheap enough and when there will be capitulation, where everyone throws their hands up. You buy this when there is blood in the streets. Chart shows it is still dropping. You want to see some kind of a spike in volume. Volume has been going up, but expects there will be more capitulation/selling coming in. With about $1 a share of earnings, it is still not cheap enough.</p> https://stockchase.com/opinions/view/177974 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177974 [COMMENT] New Flyer Industries Inc. (NFI-T) <p>This has good value and good momentum. Chart shows a very nice uptrend. Longer-term it looks pretty good.</p> https://stockchase.com/opinions/view/177975 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177975 [COMMENT] H&R Real Estate Inv Trust (HR.UN-T) <p>You buy this for yield. Because interest rates are low and lots of investors are reaching for yield, most of these stocks are overbought. Incremental demand might not be there, which may be the reason it is just going sideways. There may be a slight chance of it going lower. Be absolutely disciplined and make sure of the level you want to get out. Don&rsquo;t be fooled by the yield, because as the price goes lower, the yield goes up. Dividend yield of 6.4%.</p> https://stockchase.com/opinions/view/177976 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177976 [COMMENT] Enbridge Income Fund Holdings (ENF-T) <p>A yield generating stock, so a lot of investors have already bought this. Chart is showing lower lows and lower highs. Be disciplined and set a price where you will not allow it to go lower before getting out. Don&rsquo;t be tempted by the yield.</p> https://stockchase.com/opinions/view/177977 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177977 [PAST TOP PICK] Cargojet Inc (CJT-T) <p><span style="color: #ff0000;"><strong>(A Top Pick March 8/17. Up 16%.)</strong></span> A pretty good space. It&rsquo;s the equivalent of a taxi service for airline services. There is not a lot of competition. Trading in a channel, so you should try to buy at the bottom of the channel. He uses RSI (relative strength index) for that.</p> https://stockchase.com/opinions/view/177978 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177978 [PAST TOP PICK] Transcontinental Inc. (A) (TCL.A-T) <p><span style="color: #ff0000;"><strong>(A Top Pick March 8/17. Up 25%.)</strong></span> In the printing business, its &ldquo;last man standing&rdquo;. They have pretty good customers.</p> https://stockchase.com/opinions/view/177979 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177979 [PAST TOP PICK] Sleep Country Canada Holdings (ZZZ-T) <p><span style="color: #ff0000;"><strong>(A Top Pick March 8/17. Up 4%.)</strong></span> Had a weak quarter with lower than expected sales and higher than expected costs in accessories, their high margin stuff. Sears bankruptcy should be good, but Sears is now liquidating their holdings which will create problems. Sold this at $33.79. It needs to be retesting the $37-$38 level before getting in.</p> https://stockchase.com/opinions/view/177980 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177980 [BUY on WEAKNESS] Canadian Imperial Bank of Commerce (CM-T) <p>Like all banks, this has been doing quite well. However, he understands this is not the best performing bank stock out there. If you like this, wait for a dip before buying. The trend is healthy, but try to buy it cheaper.</p> https://stockchase.com/opinions/view/177981 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177981 [HOLD] Pembina Pipeline Corp (PPL-T) <p>Chart shows an old top in 2014 which was violated, and it managed to go higher and higher. If your original buy was based on the 10-day moving average breaking the 21 day, use that as a Sell discipline. If it goes below the 21 day, then you Sell. Other than that, just ride it. Dividend yield of 4.85%.</p> https://stockchase.com/opinions/view/177982 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177982 [DON'T BUY] Canaccord Financial Inc (CF-T) <p>Not doing very well. Chart shows it tried to recover this year, but didn&rsquo;t quite make it, and it came back down. Looks like this is going to be trading in a narrow range of $4-$6 going forward. There are better things to do with your money.</p> https://stockchase.com/opinions/view/177983 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177983 [DON'T BUY] Teva Pharmaceutical (TEVA-N) <p>Doesn&rsquo;t see any Buy signal yet. It looks like it will continue going lower. Let buyers emerge first, before buying this. He would avoid for now.</p> https://stockchase.com/opinions/view/177984 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177984 [DON'T BUY] Gilead Sciences Inc. (GILD-Q) <p>This has recently gone higher, to about $80, so there will be people wanting to sell. Avoid. You may have to wait a couple of years before the oversupply can be digested. Dividend yield of 2.86%.</p> https://stockchase.com/opinions/view/177985 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177985 [DON'T BUY] Cineplex Inc (CGX-T) <p>All the people who bought during the uptrend are underwater, and there are a lot of them. You have to wait until the oversupply is digested. It has a long way to go. At least a couple of years, and maybe $10 on the downside would be a minimum.</p> https://stockchase.com/opinions/view/177986 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177986 [COMMENT] Open Text (OTEX-T) <p>Shows a nice uptrend with a little bit of a breakdown. Not enough buying power to make a higher high. He is neutral on this. The price action does not look like it will make a higher high. Not bearish yet.</p> https://stockchase.com/opinions/view/177987 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177987 [COMMENT] Visa Inc. (V-N) <p>Has a very healthy uptrend. If you think you missed the ride and you want to participate, look at the RSI (relative strength index). Try to avoid buying when the RSI is overbought and when the stock is a little cheaper.</p> https://stockchase.com/opinions/view/177988 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177988 [COMMENT] Home Capital Group (HCG-T) <p>Chart shows a series of lower highs from 2015 on. It has stopped making a lower low, so maybe there is hope. However, you need to make a higher high first. It will be difficult for this to get back up.</p> https://stockchase.com/opinions/view/177989 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177989 [N/A] A Comment -- General Comments From an Expert (A Commentary) <p><span style="color: #ff0000;"><strong>Gold?</strong> </span>Chart shows a saucer formation with lower highs and lower lows in 2015, but it has now turned around. More interestingly, during 2016 and 2017, the federal reserve has been raising interest rates, and the US$ has been relatively strong. During periods of stronger US$s, gold mathematically should go down, but it is going up indicating that there is organic inherent strength in gold. He thinks it is going higher, but don&rsquo;t chase it. Be patient and try to buy the dips. When you are buying gold, you are also buying the US$.</p> https://stockchase.com/opinions/view/177990 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177990 [COMMENT] Potash Corp of Saskatchewan (POT-T) <p>This has been depressed and in a narrow range during 2016-2017. A lot of people were long in 2013-2015. We are beginning to digest the overhead supply, but he would like to see better price action first. Right now, he is neutral at best.</p> https://stockchase.com/opinions/view/177991 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177991 [TOP PICK] Chorus Aviation Inc (CHR-T) <p>This has a capacity purchase agreement with Air Canada (AC-T). If you fly on a shorter route, it would be by Jazz which is operated by this company. A very steady and good contract for the company. They also perform maintenance, overhauls and upgrades on their own planes. Also getting into operating regional routes for emerging markets. Recently had a $200 million capital inflow from Fairfax Financial (FFH-T). As emerging markets grow, more people need to fly. Dividend yield of 4.9%. <em>(Analysts&rsquo; price target is $10.50.)</em></p> https://stockchase.com/opinions/view/177992 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177992 [TOP PICK] Martinrea (MRE-T) <p>Because of the NAFTA overhang, this has had a very low valuation. However, it is a very good company. Has a very strong position in &ldquo;light waiting&rdquo;, the auto sector manufacturers that try to make cars lighter and lighter and be more energy efficient, but still strong. Margin improvement has been very good. In spite of the strong rise in the stock price, it is still cheap at 7X Forward Earnings. Dividend yield of 0.8%.<em> (Analysts&rsquo; price target is $17.00.)</em></p> https://stockchase.com/opinions/view/177993 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177993 [TOP PICK] WSP Global Inc. (WSP-T) <p>Has gone from being a pure Canadian company to a major global player through M&amp;A. It does infrastructure such as buildings, transportation. Got hurt a little in 2015 during the selloff in crude oil, but since then they have moved away from energy and are now focused on infrastructure. Have a very strong position in the US and parts of Europe. Dividend yield of 2.6%.<em> (Analysts&rsquo; price target is $62.00.)</em></p> https://stockchase.com/opinions/view/177994 Thu, 23 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177994 [N/A] A Comment -- General Comments From an Expert (A Commentary) <p><span style="color: #ff0000;"><strong>Market.</strong></span> Going into the year, he underestimated the potential for equities to advance. Was too bearish, so too cautious. The US economy continues to surprise him to the upside. Europe appears to be improving. Financials conditions are still at record easy levels. The Chinese appear to be orchestrating a soft landing. It&rsquo;s sort of a Goldilocks scenario that he hadn&rsquo;t thought was going to play out. We are in a weird space, where it feels like you are going to need an endogenous event to knock the stocks off their perch.</p> https://stockchase.com/opinions/view/177995 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177995 [COMMENT] Empire Company (A) (EMP.A-T) <p>It seems as though the turnaround story is taking hold. The Canadian grocery space is a tough place to be. Pricing is competitive. They have issues with Amazon (AMZN-Q) digging deeper and deeper into the grocery space. Minimum wages are going up across the board. On a relative basis, this looks as good as any.</p> https://stockchase.com/opinions/view/177996 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177996 [COMMENT] Horizon's Medical Marijuana (HMMJ-T) <p>This is a real industry and there will be winners and losers, but the cumulative market cap associated of these companies feels that they are beyond bubble territory now. Making incremental gains from this point forward is going to be very difficult.</p> https://stockchase.com/opinions/view/177997 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177997 [COMMENT] National Bank of Canada (NA-T) <p>Thinks Canadian banks in general are going to be dragged higher by macro forces, not least of which is energy. This has a pretty solid energy franchise on the investment banking side. Have well above average return on equities, which would typically afford them higher multiples. ROE is about 18%.</p> https://stockchase.com/opinions/view/177998 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177998 [COMMENT] Equitable Group (EQB-T) <p><span style="color: #ff0000;"><strong>Canadian Banks?</strong></span>&nbsp;He looks favourably on Canadian banks in general, because he likes the backdrop for energy. This is his favourite, and is actually the smallest of the group. Trades at the lowest valuation of the entire group. Trades at 1X Book compared to the National Bank (NA-T) at 2X. The Canadian bank trade should continue to drift higher.</p> https://stockchase.com/opinions/view/177999 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/177999 [DON'T BUY] Canaccord Financial Inc (CF-T) <p>Banks are doing well, but unfortunately it is at the expense of the independent brokers in Canada. This is certainly cheap, but the Canadian broker space in general is challenged, because you have the banks on the investment side of things and are doing smaller and smaller things.</p> https://stockchase.com/opinions/view/178000 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178000 [COMMENT] Manulife Financial (MFC-T) <p>Has a very strong Asian franchise, which is very beneficial, as it is the high growth area of the world. The issue he would have is their earnings sensitivity to the interest rate curve, which continues to flatten.</p> https://stockchase.com/opinions/view/178001 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178001 [COMMENT] KP Tissue Inc (KPT-T) <p>The tissue space in general is struggling with pricing, probably as a result of over pricing in North America. Having a pure play in this area is not something you would want to do. Expects it will be challenged for the next couple of quarters. Prefers Cascades (CAS-T), which has an offset with container board/cardboard packaging.</p> https://stockchase.com/opinions/view/178002 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178002 [BUY] Cascades Inc (CAS-T) <p>Had a big miss last quarter, largely on the back of their tissue exposure, so this is a pretty opportune time to be buying. The free cash flow is in the neighbourhood of 15%. If there was an upswing in the tissue space, this would benefit, but is not something he is holding his breath for.</p> https://stockchase.com/opinions/view/178003 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178003 [DON'T BUY] Crescent Point Energy Corp (CPG-T) <p>The predominant player in the Canadian Bakken. Their decline rate is about 30%, which is higher than what he would like to see. Trading at 5X cash flow, so it is very, very cheap. Assets are reasonable, and are probably benefiting from strong oil prices and a weaker Cdn$, yet nobody seems to care. There are better names to own.</p> https://stockchase.com/opinions/view/178004 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178004 [DON'T BUY] Teck Resources Ltd. (B) (TECK.B-T) <p>Life is as good as it is going to get for metallurgical coal producers, trading at about $200 a ton. Restart of mines is going on around the world and in North America. Looks cheap, but given the cyclicality of the business, it is pricing in maximum earnings.</p> https://stockchase.com/opinions/view/178005 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178005 [COMMENT] Northland Power Inc (NPI-T) <p>If interest rates stay low, this company will benefit. They has very, very high-quality assets, both in Canada and Europe. Have carved out a nice position as a large offshore wind producer. Bidding on contracts all around the world at the moment. He likes renewable energy in general, as perpetual cash flow is a very interesting thing. Has a nice yield of 4.5%. A good place to be.</p> https://stockchase.com/opinions/view/178006 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178006 [PAST TOP PICK] Cascades Inc (CAS-T) <p><span style="color: #ff0000;"><strong>(A Top Pick Sept 15/16. Up 6%. Up 6%.) </strong></span>The 3<sup>rd</sup> quarter was not good. Owning down here is going to end up looking very good a year from now.</p> https://stockchase.com/opinions/view/178007 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178007 [PAST TOP PICK] CI Financial Corp (CIX-T) <p><strong><span style="color: #ff0000;">(A Top Pick Sept 15/16. Down 22%.) *Short*</span> </strong>He is still Short. The return represents the worst snapshot possible, but as he has held this for a long time, he is still profitable. Wealth management and mutual fund space in general has been a very tough spot. Feels the stock is still expensive.</p> https://stockchase.com/opinions/view/178008 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178008 [PAST TOP PICK] Transalta Corp (TA-T) <p><strong><span style="color: #ff0000;">(A Top Pick Sept 15/16. Up 28%.)</span> *Long* </strong>(Pairs trade with a Short on TRP-T.) He still has both positions on.</p> https://stockchase.com/opinions/view/178009 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178009 [PAST TOP PICK] TransCanada Corp (TRP-T) <p><span style="color: #ff0000;"><strong>(A Top Pick Sept 15/16. Down 8%.) *Short* </strong></span>(Pairs trade with a Long on TA-T.) He still has both positions on.</p> https://stockchase.com/opinions/view/178010 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178010 [COMMENT] Enbridge (ENB-T) <p>Has been Short this for a long time, but recently covered his positions by buying Calls. They have a ton of debt, and for the last several quarters, have been hitting negative free cash flow of about $1 billion or more, while also paying a dividend.</p> https://stockchase.com/opinions/view/178011 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178011 [COMMENT] Bellatrix Exploration Ltd. (BXE-T) <p>One of many natural gas producers that&rsquo;s been beaten up really badly. High quality assets, with an opportunity to de-lever based on many things. Gas assets in the Deep Basin are quite solid. Produces quite a bit of propane, not a bad gas liquid to be producing at the moment. It appears there is too much debt on the company, so he walked away some time ago.</p> https://stockchase.com/opinions/view/178012 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178012 [DON'T BUY] Peyto Exploration & Develop. (PEY-T) <p>His only natural gas exposure in Western Canada is Tourmaline (TOU-T). You would have to be really constructive on Canadian natural gas pricing (AECO) to really want to own this. A very high-quality company with good assets, good management and a reasonable balance sheet. Pays a dividend yield of north of 8%, which is probably telling you something.</p> https://stockchase.com/opinions/view/178013 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178013 [COMMENT] Russel Metals (RUS-T) <p>Has exposure to pipe fabrication. So long as horizontal drilling is going to continue apace throughout North America, they should have good exposure. He likes management.</p> https://stockchase.com/opinions/view/178014 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178014 [DON'T BUY] Bombardier Inc (B) (BBD.B-T) <p>The street seems to have gotten more constructive on this. He would worry about the $10 billion debt, which is debt to EBITDA of 9X. A very capital intensive business, which is very troublesome. They seem to have been given a breather by the Airbus deal they did a couple of weeks ago. If they can survive the onslaught that is happening in their train division, things will be fine, but at this price he would not be a buyer.</p> https://stockchase.com/opinions/view/178015 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178015 [COMMENT] NexGen Energy (NXE-T) <p>Uranium market is structurally challenged. The problem at Fukushima changed the story for uranium. Uranium bounced after Cameco (CCO-T) decided to shut down one of their mines. However, they can bring it back on whenever they like.</p> https://stockchase.com/opinions/view/178016 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178016 [COMMENT] Parkland Fuel Corp (PKI-T) <p>Starting to look quite cheap. The cash flow profile going forward, from 2019 onward, should look fantastic. Just made a large acquisition, which came with a refinery in British Columbia. That will require a lot of capital in a turnaround early next year. The free cash flow profile doesn&rsquo;t look particularly good for 2018, but beyond that it should look quite good. Refining margins in BC are at record spreads. They should be making a lot of money at the moment. A decent, steady business. Not a bad name to own. Dividend yield of 4.6%.</p> https://stockchase.com/opinions/view/178017 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178017 [COMMENT] People Corp. (PEO-X) <p>A big provider of group benefits, focused on small and medium-sized businesses. A good free cash flow business. Earnings will never particularly look good on gap accounting, but the cash generation is very real. The niche they have carved out for themselves is quite good. The macro space is very positive. Very capable management.</p> https://stockchase.com/opinions/view/178018 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178018 [COMMENT] Bank of Montreal (BMO-T) <p>Has an ROE slightly below 14%, which is why it would trade at a lower Price to Book multiple of 1.6X. The bank has bought its way into very competitive markets, mainly in the US and things like commercial banking. It would not be the bank he would buy, but doesn&rsquo;t see any particular risk in owning it. Doesn&rsquo;t feel you are going to get a lot of performance above the group.</p> https://stockchase.com/opinions/view/178019 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178019 [COMMENT] Sleep Country Canada Holdings (ZZZ-T) <p>The stock had gotten a bit too expensive, and is still reasonably expensive at north of 20X earnings, but at the same time it is a very dependable business model, as most people would want to try a mattress before they bought it. A brick and mortar business that should live on. There is nothing not to like about this, other than the valuation.</p> https://stockchase.com/opinions/view/178020 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178020 [COMMENT] Spartan Energy Corp (SPE-T) <p>He likes this and their light oil assets. Trading at a very reasonable cash flow multiple. The balance sheet is good and he likes management. Feels the reserves are under represented, so he sees very positive reserve growth. Has good production per share growth. This is an oil company that actually generates free cash flow.</p> https://stockchase.com/opinions/view/178021 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178021 [TOP PICK] Tidewater Midstream and Infrastructure Ltd (TWM-X) <p>Operates processing and transmission facilities, largely for natural gas producers. Natural gas liquids and propane are trading at reasonably good prices in Western Canada. He sees this trading at a pretty steep multiple discount to their much larger peers. Really likes management and feels they will be able to execute on their growth plans. Dividend yield of 2.7%. <em>(Analysts&rsquo; price target is $2.08.)</em></p> https://stockchase.com/opinions/view/178022 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178022 [TOP PICK] Parex Resources Inc. (PXT-T) <p>A Colombia oil play. Generates free cash flow. Has no debt and has cash on the balance sheet. He really likes management and the assets. Expects to see another 20%-25% jump in their reserves. Trading at 5X cash flow. <em>(Analysts&rsquo; price target is $22.00.)</em></p> https://stockchase.com/opinions/view/178023 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178023 [TOP PICK] Alamos Gold Inc (AGI-T) <p>Just closed the Richmont acquisition. Views it as a premier mid-cap name in Canada. There is no debt and they have a bunch of cash on the balance sheet. Generates free cash flow. He calculates their all-in sustaining costs is a little below $850 an ounce. Operates in Canada and Mexico. Likes management and the assets. It&rsquo;s not unreasonable to have some gold exposure, in case things go sideways. Dividend yield of 3%. <em>(Analysts&rsquo; price target is $12.00.)</em></p> https://stockchase.com/opinions/view/178024 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178024 [N/A] A Comment -- General Comments From an Expert (A Commentary) <p><span style="color: #ff0000;"><strong>Market.</strong></span> It is fascinating what has gone on. If someone had said at the beginning of the year that the market was going to do what it has done, most people would have said that it was unrealistic. The American market in particular, but now the Canadian market too has caught fire. It&rsquo;s fascinating to watch, but it makes it much harder for him as a contrarian, to find value stocks he can buy during this tax loss season. Hopefully he can find some that he can cherry pick towards the end of the year.</p> https://stockchase.com/opinions/view/178025 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178025 [N/A] A Comment -- General Comments From an Expert (A Commentary) <p><span style="color: #ff0000;"><strong>Screening Criteria?</strong></span> He likes stocks that have been in business more than 10 years, that should be trading at $10 or less, with little or no debt on the balance sheet. Also, the stock has to be down 33% in the past year. He likes trading towards the low end of a 10-year range. Wants at least a 100% upside, often 200%, 300%, 400%, based on what the stock price has been in the past. Likes to know that management can do what they say they are going to do. Insider buying is something else he likes. If the sector is out of play, that is worth one of his points.</p> https://stockchase.com/opinions/view/178026 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178026 [COMMENT] Extendicare Inc (EXE-T) <p>He bought this 4 years ago at $7.01 and it is now $9.44. One reason he bought it was for the dividend as it was over 7%. Thinks this could go to $15. It&rsquo;s a leader in the field and a wonderful demographic play. They&rsquo;ve been growing by acquiring and organically.</p> https://stockchase.com/opinions/view/178027 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178027 [COMMENT] Yamana Gold Inc. (YRI-T) <p>Has a tremendous amount of insider buying, which is normally a good signal. Has had it on his Watch List for a number of years. Doesn&rsquo;t see buying it now, but it is certainly in the realm of contrarian plays.</p> https://stockchase.com/opinions/view/178028 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178028 [COMMENT] TorstarCorp (B) (TS.B-T) <p>Prem Watsa owns about 40.1% of the common shares. Do you buy this for capital appreciation, the dividend, or perhaps for the breakup value later on? That is definitely a good signal. It could be a good contrarian pick now. They have no debt, and the dividend is over 6%. The high dividend is a danger signal. This is risky.</p> https://stockchase.com/opinions/view/178029 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178029 [COMMENT] Rite Aid Corp. (RAD-N) <p>Getting a $5 billion injection from Walgreen which will help with their long-term debt. Has had his brains blown out of the water on this stock. Bought it as an arbitrage play because of Walgreen. Has bought more recently. This has been one of his big losers. He is happy to hold it as he thinks it has a lot of upside. Same-store sales going down in a company is not great.</p> https://stockchase.com/opinions/view/178030 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178030 [DON'T BUY] National Bank of Greece SA (NBG-N (Unlisted) <p>The number of shares is absolutely insane. The share count has grown dramatically. They&rsquo;ve been in survival mode for quite a while, but thinks they will survive. It wouldn&rsquo;t surprise him if they did a share consolidation. Share consolidations are virtually always bad for stocks. A speculative play, but it could be good. Doesn&rsquo;t think you will lose all your money. He doesn&rsquo;t see putting dollars on it at this time.</p> https://stockchase.com/opinions/view/178031 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178031 [PAST TOP PICK] Aegon N.V. (AEG-N) <p><span style="color: #ff0000;"><strong>(A Top Pick Dec 22/16. Up 15%.)</strong></span> A huge Dutch insurer and operates in many countries. Had huge problems during the recession and had to be bailed out by the Dutch government. They seem to be getting their house in order. They could be on the comeback trail. They&rsquo;ve been doing well over the past year. It wouldn&rsquo;t surprise him if this ultimately tripled.</p> https://stockchase.com/opinions/view/178032 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178032 [PAST TOP PICK] BlackBerry (BB-T) <p><span style="color: #ff0000;"><strong>(A Top Pick Dec 22/16. Up 44%.)</strong> </span>He likes what John Chen is doing. He basically hits targets. When looking to turn around a company this big, it takes a huge amount of time. In this case, it was more difficult, because they had to get out of one space and more into another. One of the beauties of this company is that as they turn, the analysts are on it regularly, so more people will jump into it.</p> https://stockchase.com/opinions/view/178033 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178033 [PAST TOP PICK] Innodata Isogen Inc. (INOD-Q) <p><span style="color: #ff0000;"><strong>(A Top Pick Dec 22/16. Down 50%.)</strong> </span>This deals with digitalization, things like e-books. On the conference calls, they are always super optimistic. In the last 2 conference calls, they weren&rsquo;t. Sales have flatlined and they&rsquo;ve been losing money. Expects that over the next 5 weeks there will be tax loss selling on this. He is happy to hold it, but it probably won&rsquo;t pay off for quite a while.</p> https://stockchase.com/opinions/view/178034 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178034 [COMMENT] Brick Brewing Company Ltd. (BRB-T) <p>Has been very good to him. He bought it at around $.25 several years ago, when they were potentially on the verge of bankruptcy. Brought in a new CEO who had been at another brewery that got taken over. Sold out a few months ago at $3.99. It is still over $3, so it has zero interest for him.</p> https://stockchase.com/opinions/view/178035 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178035 [COMMENT] Bellatrix Exploration Ltd. (BXE-T) <p>He would suggest looking at the goodwill on the balance sheet. If they have to write it down a long way, that would really hurt the BV. They have a tremendous amount of debt, so they are not out of the woods. Has huge upside potential. Oil and gas has come back in favour to some degree. Worth a look, but expects there will be more tax loss selling and it could go down a lot further.</p> https://stockchase.com/opinions/view/178036 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178036 [COMMENT] Rogers Sugar Inc (RSI-T) <p>Besides sugar, this is now going into maple syrup. Thinks that is a smart move. The company has been a great spin off in terms of dividends. Has never bought this, but wishes he had. Maple sugar is not out of favour the way sugar is. He is not buying, because there is not enough upturn in the stock. They pay a really good dividend.</p> https://stockchase.com/opinions/view/178037 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178037 [COMMENT] Teva Pharmaceutical (TEVA-N) <p>This has fallen a long way. What you have to think about is, should you take a tax loss. If you haven&rsquo;t done it yet, it might be worthwhile. You can also buy it back after 30 days and you will have crystallized your loss.</p> https://stockchase.com/opinions/view/178038 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178038 [N/A] A Comment -- General Comments From an Expert (A Commentary) <p><strong><span style="color: #ff0000;">Oil and gas?</span> </strong>He doesn&rsquo;t think this is very contrarian now. A lot of companies haven&rsquo;t come back, and some have come back a fair distance. You can look at a number of companies that have been so-called survivors. Because they&rsquo;ve survived this long, that increases the potential of them surviving into the future. There are still some that will go under, but thinks they have seen the worst of it. Definitely a sector worth looking at.</p> https://stockchase.com/opinions/view/178039 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178039 [COMMENT] CRH Medical Corp. (CRH-T) <p>Has been badly beaten up. In 2014, revenues were about $11 million, and are now looking at about $100 million. BV is around $.85, so it is still trading at around 3X BV. The important thing is that insiders have been selling like crazy. When this happens, that is not a good sign. Not a contrarian stock to his way of thinking.</p> https://stockchase.com/opinions/view/178040 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178040 [COMMENT] Eldorado Gold (ELD-T) <p>When it appeared they might have come to an agreement with the Greek government a couple of months ago, he felt it was the 3<sup>rd</sup> inning. However, they&rsquo;ve taken a step back. It&rsquo;s an ongoing saga. They&rsquo;ve put about $1 million into the mine and have employed a lot of workers. It&rsquo;s on his Watch List, but he&rsquo;s not willing to dive into it.</p> https://stockchase.com/opinions/view/178041 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178041 [COMMENT] General Electric (GE-N) <p>Has a new CEO, and all of a sudden people are selling like crazy. The new CEO bought about $1 million worth of shares, which is a good sign. They are looking to sell off a lot of assets. Has a big debt load, so it would be good to pay it down. There are going to be huge changes over the next few years. A great company with some great components, but there are going to be some major write-downs coming, and that always discourages investors. The dividend just got slashed in half.</p> https://stockchase.com/opinions/view/178042 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178042 [TOP PICK] Quarterhill Inc (QTRH-T) <p>Revenues last year were $93 million. Last quarter, they were $85 million. Made about $22 million, and the stock price, which he thought would really jump, came down. One of the reasons could be that a bulletin board &nbsp;&ldquo;Stock House&rdquo; had said he had &ldquo;pumped and dumped&rdquo; this stock, which is something he never does. Dividend yield of 2.3%. <em>(Analysts&rsquo; price target is $2.75.)</em></p> https://stockchase.com/opinions/view/178043 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178043 [TOP PICK] First US Bancshares Inc (FUSB-Q) <p>A small bank in Alabama. Has 15 outlets and has done very well. Not huge revenues, but they are decent and fairly stable. Thinks this has tremendous upside. Their capitalization ratios are amazing. It&rsquo;s rare to see a bank that good. He thinks it can double from here. Dividend yield of 0.7%.</p> https://stockchase.com/opinions/view/178044 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178044 [TOP PICK] GMP Capital Trust Inc (GMP-T) <p>This is having a lot of trouble. Their space got hit, and a lot of companies have gone under. They do a lot of financing, and also have a good piece of Richardson Securities, which is doing very well in wealth management. The most recent quarterly earnings were down about 21%. They lost about $2.8 million. The commodity fields, which is their cache, has not been doing well, but has been coming back. Just did a crypto currency deal. He&rsquo;d love to see them do some marijuana plays. This could move up quite a distance from where its at.</p> https://stockchase.com/opinions/view/178045 Fri, 24 Nov 2017 00:00:00 -0800 https://stockchase.com/opinions/view/178045