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

Viewing Expert

Ryan Modesto , Managing Partner

5i Research


Date Signal Chart Symbol Company Opinion Price
2016-11-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. It’s always nice for markets to go higher, but you don’t always want to look at the past price, you always have to look at forward expectations being priced in the market. If you were a believer in an efficient market in 2016, you are taking it on the chin right now between BREXIT and the US election. Nobody thought Donald Trump would win, but not only did he win, but the forecasters got the actual market reaction wrong. What is most interesting is that there is no talk of valuations now. There is still a lot of uncertainty. If you are taking leverage to invest in the market to chase that next hot stock, pinch yourself, take a breath, and ask yourself if the fundamentals are backing these types of moves. He loves dividends on stocks, especially dividend growth. A lot of people are buying the higher yielders, but he prefers the ones that can grow their yield over time. Prefers total returns over just straight dividends. The ones that grow yield over time usually have a bit more financial flexibility in that they cannot only grow, but can take those excess funds and reinvest them in growth.


Price:
$0.020
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
_N/A
2016-11-25 WAIT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Marijuana? At this point it is hard to call this an investment. You are speculating. On 2018 sales, they are trading at about 6 to 8 times sales, depending on which company you are looking at. You have to wait 2 years until valuations get to maybe a reasonable level, and you are still talking high growth tech company type valuations. When they are moving 10%-20% on any given day, on limited news if any, it is speculation. With the government releasing their review by the end of November, there is kind of a catalyst on the horizon, but he would prefer to wait for the report to come out.


Price:
$0.020
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 COMMENT Must be logged in to use chart ACQ-T AutoCanada Inc.

This is in a tough position. They are facing a battle on 2 fronts. One is “peak auto” and the other is Alberta weakness. They are trying to deal with the Alberta concentration by diversifying into areas like Ontario. If you are a long-term value investor, this is interesting. He is a bit worried about the debt, which he thinks is getting high, so would like to see some active pay down on their debt load. If you are patient, this should do well over a 3-5 year timeframe. However, if impatient and want more growth, you are probably okay to leave it.


Price:
$20.450
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 SPECULATIVE BUY Must be logged in to use chart AYA-T Amaya Gaming Group Inc.

This is playing out like a movie. He couldn’t believe the recent news with the ex-CEO and the offer by the company. Apparently, he has letters of content with some Hong Kong people, where the deal looks like it is going to get done now. An interesting risk/reward, where assuming the deal doesn’t get done, it will maybe drop down to around $18-$19, but if it gets done at $24, it gives you a 20% upside. He wouldn’t assume that the deal is a sure thing, given what has happened in the past.


Price:
$20.100
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 SELL Must be logged in to use chart BOS-T Airboss of America

This does rubber compounding solutions, like repairing treads, conveyor belts, etc. They bought a defence products company recently. None of those businesses are really working out too well. This is more of a macro growth issue. He likes it from a value perspective, but now with the recent weak quarter and the management outlook, it hard to find much to like about the company. It could be used as a tax-loss sale, and look at returning in 6 months’ time when management outlook starts improving.


Price:
$10.400
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 HOLD Must be logged in to use chart BRB-T Brick Brewing Company Ltd.

A good example of an expensive company, but expensive because they serve a stable industry. He considers the alcohol industry as almost recession proof. They’ve grown their dividend over time. It has a premium valuation, because at any point in time, one of the bigger alcohol companies could just gobble them up. He likes the company.


Price:
$3.100
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 DON'T BUY Must be logged in to use chart CXR-T Concordia Healthcare

Management has just not delivered. The last 2 quarters were pretty big surprises, even to management. The US business is floundering. You can’t trust management forecasts at this point. They are in a transition phase and scrambling to sell off an asset.


Price:
$3.550
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 SPECULATIVE BUY Must be logged in to use chart DBO-T D-Box Technologies

Powered seats for movie theatres. They have deals with companies like Cineplex, large market theatre chains. He likes the longer-term growth, but because it doesn’t get a whole lot of coverage, it is quite volatile. They have developed massive inroads in China, and just did a deal with a company who has to purchase so many seats. A high-risk name.


Price:
$0.540
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 WAIT Must be logged in to use chart DHX.B-T DHX Media

This has been a bit of a laggard lately. They do media licensing content for children’s television shows. Has had really good success with Netflix, Amazon Prime, etc. Have also had a lot of success with YouTube. He likes this and thinks things are going to turn around in 2017. They have some contracts coming on with DreamWorks, Mattel and more, so closer to the end of 2017 they’ll have more content going out. You may need to wait a few months, but thinks the pastures are greener going forward.


Price:
$6.900
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 PAST TOP PICK Must be logged in to use chart GC-T Great Canadian Gaming Corp

(A Top Pick Sept 30/16. Up 4.9%.) Just released a very solid earnings report and beat estimates by a fairly wide margin. The new casino coming online is moving fine. There is still some organic growth potential through some Ontario gaming bundles that they have an opportunity to bid on. A great story that is underfollowed.


Price:
$23.770
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 COMMENT Must be logged in to use chart GUD-T Knight Therapeutics

The past owner of Paladin Labs. About half the market cap is in cash right now, about $655 million. They are currently financing interesting pharmaceutical companies through high interest debt or buying equity in them. Generating pretty good return on most of these investments. You have to make a bit of a leap of faith in trusting management to take their cash and invest it and make good returns. He thinks they can. There are rumours they are considering buying the Paladin assets back, probably at a discount. He likes this. You have to be patient and give management time to execute.


Price:
$10.370
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 COMMENT Must be logged in to use chart KPT-T KP Tissue Inc

Tissue products. A slow and steady type of name. Pays about a 5% dividend yield. This is probably just going to grow with GDP over the long-term, kind of a steady Eddie. OK, but not his favourite.


Price:
$14.510
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 HOLD Must be logged in to use chart NFI-T New Flyer Industries Inc.

A great company to own. It has created a lot of value for long-term shareholders. Shareholders probably got a little scared over the last 3 months or so. They had a few hiccups where Marco Polo, one of their big insider holders, sold some shares. He doesn’t see this as much of an issue, because probably their position was as big or bigger after the sale then when they initially invested. They had a New Jersey contract that was put on pause, which is more due to New Jersey budget issues then New Flyer issues. That is now back in action and they are delivering buses to New Jersey. There has been a bit of weakness in their aftermarket parts business, but management has been saying that this is weak because new order bid activity has been so strong.


Price:
$42.240
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 HOLD Must be logged in to use chart PBH-T Premium Brands Holdings Corp

This has always traded at a higher valuation, so he wouldn’t be afraid of it. When it is looking expensive, they have the ability to go out and pick up some company that they can roll in and generate some synergies, and help drive value for the company. Expanding some of their distributions with the purchase of Belmont Meats. They grow their dividend over the long-term. Management has executed very well with a knack for integrating their acquisitions.


Price:
$68.870
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2016-11-25 HOLD Must be logged in to use chart PUR-T Pure Technologies Ltd

Pipeline monitoring. There are 2 investment themes, water and infrastructure. Their technology can go into waste water and drinking water pipelines, and look for cracks and stability issues. On infrastructure, a lot of pipelines are getting old, and instead of just digging out a whole street of pipeline, they can find the weakest area, and just dig at that point. It has always had a high valuation, but has pulled back lately. He likes it, but it is one of those names you have to be patient with. You have to think of it in terms of years, not quarters. Their growth is on their oil/gas pipelines, which is growing quite well. Expect lumpy revenues from time to time as they are dealing with governments. If you can hold for 3 years, he thinks it is a good name.


Price:
$4.890
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
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