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Compiling comments that experts make about stocks while on public TV.

Just Energy Group Stock Symbol: JE-T

Last Price Recorded: $7.3600 on 2017-10-23

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Date Signal Expert Opinion Price
2017-07-26 PAST TOP PICK Bruce Campbell (2)

(A Top Pick July 27/16. Down 9.57%.) Was hoping to see a continued turnaround in their business, but they had a softer quarter and he sold his holdings at a loss. Likes the business longer-term, but wants to make sure it is going in the right direction from a quarterly standpoint.


Price:
$6.800
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-02-02 COMMENT Lyle Stein

ENB-T vs. JE-T.  Ask yourself why you should sell ENB-N. You should not sell it because they have raised the dividend every year.  ENB-T is a safe, stable company that grows the dividend and never loses money.  They can continue to grow the dividend.  JE-T has been a great recovery story, but he would not sell ENB-T to buy JE-T.  ENB-T moved their money into the US which everyone wanted to do. 


Price:
$7.660
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2017-01-23 COMMENT Steve DiGregorio

An OK business. It’s a marketer on energy. One of the knocks has been leverage on the balance sheet, so they de-levered the balance sheet over time. However, it is a business that is on a treadmill for life, a lot of churn. Clients leave and you always have to acquire new ones. Prefers, Crius Energy Trust (KWH.UN-T) which trades at a significantly cheaper valuation and gives a 9% yield with a 58% payout ratio. Thinks the market is undervaluing the assets. Also, it has no debt on the balance sheet.


Price:
$7.410
Subject:
CANADIAN DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2016-12-08 DON'T BUY Jim Huang

(Market Call Minute.) This is a risky business model, so he would stay away.


Price:
$7.450
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2016-10-11 COMMENT Ross Healy

The stock in Price to Book is very, very expensive. Trading at about 20X Book. The stock, a little while ago, got up to its FMV, but recently on expectations of much improved earnings, the earnings forecasts have really shot up. Analysts have more than 100% upside for the stock. It also has a sweet yield. The dividend is well covered.


Price:
$6.440
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-09-21 HOLD Bruce Campbell (2)

Their last quarter had disappointing numbers on the number of customers they were adding. This is still a pretty attractive business. They are looking at new markets in the solar area as well as expansion to Europe. If you own, wait for a quarter or 2 for the numbers to start to improve, when he expects the stock will start to respond accordingly.


Price:
$6.970
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2016-08-12 TOP PICK Jerome Hass

*SHORT* This is a long-term short for him. They essentially sell energy contracts door-to-door, and knock on literally millions of dollars a year. You have to ask yourself when is the last time you bought something from a door-to-door salesman, let alone engaged in a multiyear energy contract. Also the attrition rate is about 16% a year.


Price:
$7.310
Subject:
LONG-SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-08-02 COMMENT Greg Dean

Their value proposition to customers is not something he is particularly comfortable with. They provide you certainty on your cost of living, etc., but in exchange for a big certainty premium. He has not been able to figure out how that is a repeatable strategy over time. Also, it is a captive universe. Once you have knocked on every door, there is a lot of time before you can go back. Because of this, it is not a growth stock.


Price:
$7.870
Subject:
GLOBAL GROWTH
Bias:
UNKNOWN
Owned:
No
2016-07-27 TOP PICK Bruce Campbell (2)

This does energy services and energy marketing, so they are a reseller of different products such as natural gas. Now they’ve just gotten into solar. Have done test marketing both in California and New York, which has gone well, so they are going to start to roll it out across the country. They are also starting to take their existing traditional services over into Europe. The company is on a bit of a growth path, and he thinks you could start to see the earnings accelerate. Trading at a fairly reasonable valuation. Dividend yield of 6.21%.


Price:
$8.050
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2015-11-24 PAST TOP PICK Jerome Hass

(A Top Pick Dec 30/14. Down 59.5%.)*Short* (A pairs trade with EnerCare (ECI-T).) This has been a long term Short, but it hasn’t worked out great as of late. This is essentially door-to-door sales of energy products and should be trading at a discount to Enercare.


Price:
$9.060
Subject:
CANADIAN - LONG & SHORT
Bias:
UNKNOWN
Owned:
Yes
2015-10-20 WATCH Ross Healy

This has been going and going and going because there have been a couple of big hitters buying. Its FMV lags the current price and its Price to Book. Getting up to about 24X its BV, so those kinds of companies come under the heading of Speculative. However, there is a lot this company can do, including raising equity, because it is a very attractive time to do it. There has been a lot of momentum on the stock. Be wary until you can see the company doing the kind of things that will bring value underneath the company.


Price:
$9.510
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-07-08 PAST TOP PICK Jerome Hass

(Top Pick, Short, August 7, 2014, Down 16.43%) Recently added to the position. They don't understand their business. They seem to reinvent themselves every 3 years. They sold their best business which was the water heating business. Just to stand still they need to find 15% new customers. They sell door to door hoping to sell their products. It is likely that it is going down. Feels their business will deteriorate in the future. Since 2005 it has been down 70%.


Price:
$6.490
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2015-05-29 DON'T BUY Jerome Hass

In terms of valuation, it is about 8.5X EV to EBITDA, a similar multiple that EnerCare (ECI-T) trades at, but it appears inflated to him. Comparing the underlying fundamentals to EnerCare, there should be no comparison. He doesn’t understand what this company’s business is. Their attrition rate is about 16% per year. This means to just stand still they have to find 16% in new customers. That is not a very sustainable model. He is Short this stock.


Price:
$6.780
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2015-02-10 DON'T BUY Jerome Hass

Had a very nice run last year. Went up about 40% during the winter, partly due to the Arctic vortex. There were 2 very smart insiders buying very heavily. This makes you sit back and think “Am I missing something?”. It wasn’t until the Q2 numbers came out last year that his Short thesis was proven to be correct. These are essentially door-to-door salesman of energy products, and that product keeps changing. At the end of the day, they lose about 15% of their customers every year due to attrition. Just to stand still, they have to replace 15% of their customers. That’s not a very efficient business model. Also, there is the cost of acquiring that 15%. The view of the company is that this is expansionary CapX, so they capitalized that. The view of analysts is that it is normal expenses of running a business, and should be classified as operating expenses. He has had a Short position on the name for a while, and is fairly comfortable with it.


Price:
$6.250
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2014-12-30 TOP PICK Jerome Hass

Short. A Pairs trade with a Long on Enercare (ECI-T). They are selling a very stable part of their business, water heaters, which was their most profitable and stable business. The real issue is what is their business? They are door-to-door salesman of energy products, but it seems to be continually evolving. There is also the issue of the attrition rate. Last quarter they were losing 15% of their clients, which means that every year they have to find 15% of their existing base just to stand still. Not a very sustainable business model. Yield of 8.32%.


Price:
$6.000
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
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