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

Viewing Expert

James Telfser , Partner & Portfolio Manager

Aventine Management Group

Contact Info

Email:
Website: http://www.aventine.ca

Bio:

Aventine is an independent, partner-owned investment firm that manages two equity-oriented investment funds and works with select high net worth families on tailored solutions. TheAventine Canadian Equity fund follows an Active Value approach, where we identify undervalued, underfollowed companies that are experiencing positive fundamental change and have strong market support. Our objective is to deliver consistently positive returns with relatively low volatility over long periods of time. Our families are among the firm’s largest clients, invested in the same strategies and fee structure ensuring that our interest will always be aligned. 


Date Signal Chart Symbol Company Opinion Price
2017-01-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The VIX is still at record lows, so he thinks the current market condition is just a little bit of steam coming off. He’s been getting much more aggressive in his portfolios, and his cash standing is virtually at zero now. Was starting to see positive data on corporate profit, S&P 500 earnings and PMI data before Trump won the election, and it was nice to see that cloud of uncertainty removed. Fully expects some volatility around the inauguration, but is staying Long throughout that.


Price:
$0.020
Subject:
CANADIAN
Bias:
BULLISH
Owned:
_N/A
2017-01-12 COMMENT Must be logged in to use chart AD-T Alaris Royalty

Royalty plays. Great dividend yields, but doesn’t see a lot of reason to get constructive on these names. Sees better opportunity on dividend growth elsewhere.


Price:
$23.470
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 COMMENT Must be logged in to use chart BAD-T Badger Daylighting

Great story and a well-run company. If you think about all the trends that are happening with oil and infrastructure spending, it is hard to say that this company is not going to be pretty active. They definitely have the fundamentals to back them. The problem he has always had is that they always trade at very lofty valuations. Part of that is because of ROC that they make from their truck. He looks around and sees a lot of trucks that are not theirs. They don’t have a high barrier to entry like they used to. Prefers other names, but wouldn’t be too worried given the turnaround, and there is more room for multiple expansion.


Price:
$31.600
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 WATCH Must be logged in to use chart BB-T BlackBerry

One of those “Hail Mary” stocks. You can see where the deep value is in this name and there are a lot of changes going on. Looking at their last quarter and some of the moves they’ve made over the last few quarters, it is definitely encouraging. But you really have to see that translate into numbers. He is still a little skeptical.


Price:
$9.480
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 BUY Must be logged in to use chart BBD.B-T Bombardier Inc (B)

(Market Call Minute.) As a trend follower, he would say buy this here and see what happens.


Price:
$2.560
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Unknown
2017-01-12 HOLD Must be logged in to use chart BCB-T Cott Corp

No longer just a soda manufacturer. They’ve gotten heavy into the coffee and water delivery business around offices, homes and shops. A high free cash flow business, and they’ve been able to roll up that sector, both in Canada and Europe, on very, very cheap multiples. They’ve put a lot of debt on the balance sheet. While they are generating a lot of free cash flow, it seems the narrative has changed over the last few months. Part of it has to do with the British pound decline. There is a question as to how long they are going to be able to service their debt properly and how long will it take. Sold his holdings, but may look to enter again once they de-lever the business a little.


Price:
$14.590
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 COMMENT Must be logged in to use chart BNS-T Bank of Nova Scotia

(Market Call Minute.) You can always buy Canadian banks, but he prefers US banks.


Price:
$77.200
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 COMMENT Must be logged in to use chart CAE-T CAE Inc

This has been a great turnaround story. A great business. He has exposure to the aerospace sector through another company, which he prefers. The chart on this looks great, and the valuation isn’t stretched by any means. If you don’t hold something in the aerospace sector, this would be a high-quality name to own. He doesn’t see a lot of risk in the near term.


Price:
$18.660
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 COMMENT Must be logged in to use chart CJR.B-T Corus Entertainment (B)

This is in a bit of a decline. Media assets are not exactly thrilling assets to hold right now. There is not a lot of growth. Their dividend is pretty well covered, so it is pretty safe. You are just not going to get the multiple expansion. Think of this as just a dividend payer, and hope that earnings turn around. The dividend yield is going to keep a bit of a floor under the stock, so you don’t really have to worry about that. Hopefully the media cycle can turn around a little. He sees better income opportunities elsewhere. Dividend yield of 8.7% may be a little rich.


Price:
$13.130
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 COMMENT Must be logged in to use chart CLR-T Clearwater Seafoods Inc.

(Market Call Minute.) A long-time favourite, but he is no longer in it. Fundamentally it broke down. The 1st half is supposed to be their strongest, and it is not going to be.


Price:
$10.220
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 BUY Must be logged in to use chart CSU-T Constellation Software Inc.

(Market Call Minute.) You can’t bet against this company. One of these days they won’t find deals to do, but a very high quality company with lots of return on invested capital.


Price:
$589.190
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Unknown
2017-01-12 HOLD Must be logged in to use chart CXI-T Currency Exchange Intl.

An extremely interesting business. They do a lot of wholesale currency. Now they can get funds cheaper. They can go to the Fed or the central bank to get funds. Getting that kind of volume on currency may allow them to get some bigger clients. Just starting to prove the model out now. If you own, he would continue to Hold until you see the model prove out. He likes the business.


Price:
$28.010
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 COMMENT Must be logged in to use chart DIV-T Diversified Royalty Corp.

Of the 3 royalty businesses, this is the one that he would gravitate to if he were going to invest. It has a nice dividend yield which attracts investors. The one issue with these companies is finding good investments that are going to yield and feed that 10% dividend. In the last year, they have been divesting assets, but they have Mr. Lube as well as another real estate asset, which are good assets. He is on the sidelines until he sees something that they actually do. There are better places to get dividend growth.


Price:
$2.590
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 COMMENT Must be logged in to use chart ECN-T ECN Capital

A recent spinoff from Element Financial. The stock has had a hard time getting anything going. However, the valuation of the business looks compelling and is something he is watching. It should improve if you believe in his thesis that the economy is improving in the US. This is a name that should do well in that environment. He is a bit cautious on this, but is following it.


Price:
$3.210
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-12 HOLD Must be logged in to use chart GUD-T Knight Therapeutics

(Market Call Minute.) Great management team. Everybody loves this company. They have been executing and have been finding deals to do at a reasonable price. Probably good long term. Valuation is a little stretched though.


Price:
$10.370
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Unknown
Showing 1 to 15 of 518 entries
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