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

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Irwin Michael, B.Com, MBA , Portfolio Manager

ABC Funds

Address
c/o I.A. Michael Investment Counsel Ltd.
8 King Street East, Suite 700
Toronto, ON
M5C 1B5

Contact Info
Telephone: 416-365-9696
Toll Free: 1-888-OPEN-ABC
Fax: 416-365-9705
Email:
Website: http://www.abcfunds.com

Date Signal Symbol Company Opinion Price
2013-06-13 N/A A Commentary A Comment -- General Comments From an Expert

Markets. He looks at tangible book value and cash flow, PE multiples, hidden assets like tax carry forwards.  He is a stock picker.  It is a bottom up approach.  Exploration, production and service companies in oil are favourable.  They often trade below tangible book and replacement value.  There is a disconnect between investor and market sentiment.  No one is talking about the S&P upgrading government debt in the US.

 Price:
$0.020
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
_N/A
2013-06-13 TOP PICK AVE-X Aveda Trans. & Energy Services

Owns over 10% of company.  Excellent Management.  Just hired a new president.  Expects them to do quite well in the US.

 Price:
$2.120
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 SPECULATIVE BUY BEV-T Bennet Environmental

Completed sale of a Quebec facility in the last week, which is what made them who they were.  Sitting on cash.  Looking at M&A opportunities.  He owns over 10%.  Looking for something positive.  It is a great time for them.  The question is what the board wants to do.  You are speculating on what they do with the money.

 Price:
$1.710
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 SPECULATIVE BUY CDV-T Com Dev International Ltd.

One of the biggest shareholders.  They have satellites around the world.  An activist shareholder has got onto the board and he is waiting to see what this person does.  This is a potential take-over candidate.

 Price:
$3.930
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 TOP PICK CS-T Capstone Mining Corp.

Likes management.  They bought Pinto Valley mine in the US.  A North American producer of copper, well positioned.  Expects company will eventually be in play. 

 Price:
$2.140
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 SELL ETX-T Etrion

Tomorrow is the last day for trading because it has been taken over by TCN-T and he will be tendering all his stock. 

 Price:
$0.215
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 HOLD FTP-T Fortress Paper

Facility in Quebec has had its problems.  Sold their Dresden facility at a fair price.   They are making a lot of corrections to what is going on.  A lot of good things are happening but it is a show-me stock. He is going to stick with it and see what happens.

 Price:
$6.010
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 PAST TOP PICK IAE-T Ithaca Energy Inc.

(Top Pick Jun 22/12, Down 2.19%) They made a major acquisition.  It was sold only because they didn’t know the company.  This is North Sea oil and they are now producing more of it.  Ripe for take-over.  Thinks the stock is cheap.

 Price:
$1.780
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 PAST TOP PICK MRE-T Martinrea

(Top Pick Jun 22/12, Down 9.48%)

 Price:
$10.330
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 BUY PLS-T Polaris Minerals Corp.

They are a producer of aggregates on Vancouver island for the US market.  With that market picking up in California he expects them to do well. 

 Price:
$1.430
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 PAST TOP PICK S-T Sherritt International Corp.

(Top Pick Jun 22/12, Up 23.18%)

 Price:
$4.290
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 TOP PICK SDY-T Strad Energy Services

6.7% dividend.  They are all set up.  50/50 Canada and US.  Excellent management.  Expects they will be more of a growth stock but he bought it as a value stock.  He is optimistic on Nat Gas prices going forward.  This could be a take-over candidate down the road.

 Price:
$3.320
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 BUY SSW-N Seaspan Corp.

They recently increased dividend to 5.5%.  A ship leasing company.  Growing the number of ships they own.  Bought back stock.  Companies are going to need ships to transport.  He factors in global growth.

 Price:
$22.890
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-06-13 SELL TCN-T Tricon Capital Group

Pays a good dividend.  However they moved into a new area (distressed home sales).  It is not the risk profile he is looking for.

 Price:
$6.300
Subject:
VALUE
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Yes
2013-03-01 N/A A Commentary A Comment -- General Comments From an Expert

Markets. Feels that 2013 will end higher than what it is today. He is looking for deep value plays, stocks trading below NAV and low cash flow multiples. Finding a lot of these in the US. There are trillions of dollars sitting in bank accounts in the US.

 Price:
$0.020
Subject:
VALUE
Bias:
SELECTIVE
Owned:
_N/A
Showing 1 to 15 of 207 entries
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