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
2016-12-22 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market.The Dow Jones is within striking distance of $20,000. He typically focuses on small to mid-cap stocks, but does follow every index. The Dow is the oldest of the indices and most commonly followed by the public. However, it is only 30 stocks and is representative of the broader industrial economy. Since the election, stocks have been doing quite well. It wouldn’t surprise him if it hit $20,000, because sentiment around the US industrial economy is quite positive. Once Trump actually takes office, things are going to get a little harder. It’s easy to announce all these programs, but a little more difficult to implement them. From a seasonal perspective, he thinks there will be some reversion. There are a couple of drivers late in the year that typically have a major impact. January is usually a very good month for gold, and because they are so oversold and with tax loss selling, January could be a very nice month for the gold sector. Stocks that are really oversold that have good valuation and good fundamentals should do very well over the next 6 weeks. Tax loss selling is different this year because of the violent rotation of winners and losers late in the year.


Price:
$0.020
Subject:
SMALL & MID-CAP
Bias:
UNKNOWN
Owned:
_N/A
2016-12-22 COMMENT Must be logged in to use chart AD-T Alaris Royalty

Has a very small Short position, because their most recent quarter showed their growth had slowed down. He tends to invest in companies on the long side that have positive change, in short those that have negative change. Doesn’t think there is any problem with the dividend. A lot of their business is out west, and with oil prices increasing, this could see a bit of a rebound.


Price:
$23.700
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-12-22 HOLD Must be logged in to use chart AVO-T Avigilon Corp

He has historically been short this and still has a tiny bit but has been covering it. They didn’t have very efficient use of capital. The main negative though, has been on the cost side, which seems to be under control now.


Price:
$12.260
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-12-22 COMMENT Must be logged in to use chart AX.UN-T Artis Real Estate Investment Trust

A well-managed company, largely based in Western Canada. Real estate, particularly commercial real estate, in Western Canada has not done as well. That may come back as the energy market comes back, but this is an interest sensitive stock, and if the market feels rates will rise over the next year, which he thinks is the case, REITs generally will underperform. However, this one looks pretty cheap.


Price:
$12.430
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2016-12-22 DON'T BUY Must be logged in to use chart AYA-T Amaya Gaming Group Inc.

The rumoured takeover by the former CEO, Mr. Baazov has now officially gone away. He has a small Short position, and a somewhat negative view on the poker market. They have growth opportunities in expanding into sports betting and casinos, but those are pretty competitive markets, especially in London and Europe. This is fully valued.


Price:
$19.140
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-12-22 COMMENT Must be logged in to use chart CHR-T Chorus Aviation Inc

They have an agreement with Air Canada (AC-T), so it kind of precludes them from being a take-out candidate. Just did their 1st lease deal prior to a Fairfax investment with them. This is positive, as it diversifies them away from Air Canada. It is quite a competitive market, and the stock had a really nice run up over the last couple of weeks, so he sold his position.


Price:
$7.180
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
No
2016-12-22 COMMENT Must be logged in to use chart CLR-T Clearwater Seafoods Inc.

He likes this quite a bit. It has been a victim of tax loss selling. They missed the last quarter, and said the next quarter is also going to be soft. They instituted a new clam boat, and it was so efficient that they actually pressured their own pricing, and margins came down. They are also stimulating demand and gaining customers, because of the lower prices. That price pressure is going to last only one more quarter. Heading into Q2 and the back half of next year, he is quite bullish on this. The company has the greatest quota for clams and mussels in Canada.


Price:
$11.240
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-12-22 COMMENT Must be logged in to use chart CSW.B-T Corby Spirit and Wine (B)

This has been a core holding for his fund since inception. They have a very nice tendency to not only pay a regular dividend, but in years when they don’t make growth acquisitions, they typically also make a very nice special dividend at year-end. They made a nice growth acquisition this year. With their relationship with Pernod, they have very nice distributorship to the US and the UK.


Price:
$20.125
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-12-22 COMMENT Must be logged in to use chart GUD-T Knight Therapeutics

Jonathan Goodman, former founder and CEO of Paladin labs, sold Paladin to Endo Therapeutics in the US. Endo has since come under a lot of pressure, and this company possibly has the opportunity to buy back the Canadian assets at a much cheaper price than they sold it. Just did a recent $10 equity raise. Knight has about $5 a share in cash, so it has a lot of firepower to be picking up distressed assets from the Valeants of the world, Endo, and possibly even Concordia. He likes this quite a bit here.


Price:
$10.370
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2016-12-22 COMMENT Must be logged in to use chart IAE-T Ithaca Energy Inc.

This is a North Sea play. Their biggest field, Stella, is expected to come online in January. Assuming it comes online as planned, the stock looks very cheap, trading at about 4.5X debt adjusted cash flow. Its peers are trading more at 6-8 times. Expect there will be some re-rating once the Stella field comes online.


Price:
$1.530
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-12-22 PAST TOP PICK Must be logged in to use chart IGG-T Innova Gaming Group

(A Top Pick Dec 23/15. Up 4.94%.) This was spun out of Amaya Gaming. It does not depend on online gaming. They do video lottery terminals in both bingo halls in Ontario and Québec, and Legion halls in a number of US states. The stock is very cheap and he still likes this quite a bit.


Price:
$1.630
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-12-22 HOLD Must be logged in to use chart IIP.UN-T InterRent REIT

This is a well-run company, but isn’t particularly cheap among the smaller cap REITs.


Price:
$7.380
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
No
2016-12-22 TOP PICK Must be logged in to use chart JTR-X Greenspace Brands Inc

Everyone can see how the shelf space in the big Canadian grocery chains has been growing significantly for organic. This company is a distributor for organic brands, both into those grocery stores, and also into Starbucks (SBUX-Q). Thinks there is significant, significant upside, and has this pegged at something like 140% revenue growth next year. (Analysts’ price target is $2.08.)


Price:
$1.190
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-12-22 COMMENT Must be logged in to use chart KEL-T Kelt Exploration

This was founded by the former management team of Celtic Energy, that was sold a number of years ago, for a nice profit for all the investors. They have quite a nice position in the Montney. He likes this name. On a go forward basis, this has a ton of upside in their drill program.


Price:
$6.690
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-12-22 COMMENT Must be logged in to use chart MKP-T MCAN Mortgage Corp

Basically paying out all of its income as dividend, so you are not going to get growth, just dividend. Thinks the dividend is relatively safe as long as the Canadian housing market holds up. If you like growth in the sector, he likes Equity Financial (EQI-T). Their lending book growth was something like 178% last quarter.


Price:
$14.400
Subject:
SMALL & MID-CAP NEUTRAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
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