Viewing Expert James Hodgins | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

James Hodgins , Chief Investment Officer

Curvature Hedge Strategies


Date Signal Chart Symbol Company Opinion Price
2017-06-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The US market is extremely overvalued. On a Price to Sales basis, it is more expensive than it was in 2000. That tells us that there is not a lot of expected return from here. He is not saying equities over the long-term can’t be good investments, but when you are entering at a point of such extreme overvaluation, like we are now, it is best to wait. Every 10 years there is at least one 30% drop-down in stocks, and we are now approaching 10 years in this bull market, and there hasn’t been much of a drawdown so far. We are well overdue for one. The extraordinary debt bubble that has been created since 2000, never really was sold. Debt to GDP ratios are extremely elevated. When that starts to unwind and we get to the other side of the credit cycle and liquidity is no longer being created into the economy, that is when you will see the big decline in equities. Any Long positions he has are special situations. He has a lot of Short positions.


Price:
$0.020
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
_N/A
2017-06-23 COMMENT Must be logged in to use chart BAD-T Badger Daylighting

He doesn’t like the huge amount of management turn over. There are some questions around accounting and some of their franchisees. Has a very tiny Short position on this. There is more downside than upside on this.


Price:
$25.920
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Yes
2017-06-23 TOP PICK Must be logged in to use chart CASH CASH

For people who are comfortable Shorting, he would have no problem recommending Shorting a broader ETF of equity markets. Thinks we are in for about a 30% downdraft in equities over the next 12-18 months.


Price:
$0.010
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Yes
2017-06-23 DON'T BUY Must be logged in to use chart CBL-T Callidus Capital Corp

A high-risk lender. It is down a lot and offers a dividend yield, and they’ve been buying back tons and tons of stock. If there is any downturn in the economy, some of the protection that was offered on their loans from their parent company, has now expired. He would stay away.


Price:
$15.040
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
No
2017-06-23 COMMENT Must be logged in to use chart CXR-T Concordia International Corp

He is pessimistic on this. They recently hired another set of advisors to advise them on capital structure. That usually doesn’t end well for equity holders. Just had so much debt. The big UK acquisition they made really went south on them in a hurry. Expects debt holders are either going to want a massive equity dilution or for some kind of bankruptcy and restructuring. The equity is probably close to worthless.


Price:
$1.710
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Unknown
2017-06-23 COMMENT Must be logged in to use chart ECO-T EcoSynthetix Inc

He is one of the largest shareholders in this. They now have 2 commercial mills up and running with their DuraBind products. They make the binding that goes into IKEA-like furniture. Not into IKEA yet, but there is a good chance they will be. IKEA has announced that they want all their bindings for furniture, flooring, etc. to be formaldehyde free by 2020. This company’s products are the best alternative out there. They have about 40% of their market cap in cash, so he sees very limited downside, but a lot of growth potential. There is a good chance they will be profitable by the end of the year.


Price:
$2.860
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Yes
2017-06-23 BUY Must be logged in to use chart FIRE-X Supreme Pharmaceuticals Inc

Cannabis. They’ve had their cultivation license for a long time. There should be no problem. Seem to have a well-run operation. Management is fine. Once they get the sales license, there is some good upside in the stock. This is a reasonable time to be picking away at stocks like this.


Price:
$1.290
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Yes
2017-06-23 COMMENT Must be logged in to use chart GSY-T goeasy

Subprime lending with an average duration of 3-6 months. Extremely high interest rates for people who can get loans from banks. He exited his position because the stock had such a huge run, and he thought it was getting fairly valued. There is still a lot of growth in the company. Because these are subprime loans and his views on Canadian housing, he would have a kind of negative 1-2 year view on this. He will be watching to see if the stock takes a plunge before he gets interested. He likes management.


Price:
$29.440
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
No
2017-06-23 COMMENT Must be logged in to use chart HCG-T Home Capital Group

There were some lax lending practices, and some prior relationships with mortgage brokers that had fudged the numbers. When the tide goes out on the Canadian housing market, there will be a lag factor of about 6 months on prices. When it goes, there will be a huge recession in Canada. He has Shorted this in the past.


Price:
$18.610
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
No
2017-06-23 COMMENT Must be logged in to use chart HNL-T Horizon North Logistics

A maker of work camps for resource projects. Oil/gas was their biggest sector base, so it took a big decline. There are some infrastructure projects they can bid on, but there is a lot of competition. Prefers Macro Enterprises (MCR-X), where if you add up the cash and equipment it is worth about $3.


Price:
$1.340
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Unknown
2017-06-23 PAST TOP PICK Must be logged in to use chart JKPTF-5 Jackpot Joy PL

(A Top Pick March 29/16. Up 3%.) Online bingo. He still likes the company and owns a small amount.


Price:
$10.630
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Yes
2017-06-23 COMMENT Must be logged in to use chart JTR-X Greenspace Brands Inc

He likes this a lot. They just reported earnings which were fine. This is not really an earnings story yet, it is a revenue growth story. Their strategy is to acquire organic food and beverage companies, and use their distribution relationships to gain shelf space in the organic food aisles.


Price:
$1.570
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Yes
2017-06-23 TOP PICK Must be logged in to use chart KDX-T Klondex Mines Ltd

He likes the gold sector, and thinks it will do well in the downturn. This company is the 4th Canadian domiciled company to enter the Russell 2000, so their investor base is going to increase dramatically. It has the most stable growth in the gold sector, and is trading at about a 20% discount. (Analysts’ price target is $6.13.)


Price:
$4.760
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Yes
2017-06-23 TOP PICK Must be logged in to use chart LXE-X Leucrotta Exploration Inc.

He is quite bearish on the broader markets, but the sentiment in the energy sector in Canada has been so negative that he thinks it is undervalued. They have no debt and has 900 prime low-cost Montney drilling locations with significant infrastructure and only about 10% of it is dry gas. CEO owns about 30% of the stock. (Analysts’ price target is $3.25.)


Price:
$1.850
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
Yes
2017-06-23 PAST TOP PICK Must be logged in to use chart MSL-T (Dead) Merus Labs International

(A Top Pick March 29/16. Down 10%.) This is being taken over by an Italian private pharmaceutical company.


Price:
$1.640
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
No
Showing 1 to 15 of 880 entries
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