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

Recent Opinions

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Date Signal Company Expert Opinion Price
2017-03-22 N/A A Comment -- General Comments From an Expert
A Commentary
Stephen Takacsy, B. Eng, MBA

Market. The market has basically gone up on thin air since the US elections. Even if tax cuts and infrastructure go through, they take a long time to filter through to the bottom line. The market may be realizing that those things are more difficult to implement than initially thought, and is getting quite stretched. He doesn’t think any US policies are going to be able to create strong sustainable growth. We still live in a very slow growth world with some deflationary forces, aging population, excess capacity and we are going to remain in the low interest rate environment. The market has gotten way ahead of itself relative to the growth rate. He is sitting on about 16% cash in his portfolios, way larger than what he has ever had, and waiting for whatever triggers a pullback such as European elections. The best way to make money is to be patient and buy when things are cheap.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2017-03-22 N/A A Comment -- General Comments From an Expert
A Commentary
EDITOR

Tonight’s show was a special on the Federal Budget 2017. Viewers were to call in as to how the new budget would affect them. Out of the 3 panelists, only one, Christine Poole, was actually in the investment area. In the first 30 minutes, there were no questions on any individual stocks, and very little discussion on the market. Also, with 3 panellists, it was very hard to track and cover who was saying what. Because of this, I have decided to forgo doing tonight’s show. Bill.


Price: $0.020
Subject: N/A
Bias: UNKNOWN
Owned: _N/A
2017-03-22 PAST TOP PICK Andrew Peller
ADW.A-T
Stephen Takacsy, B. Eng, MBA

(A Top Pick March 22/16. Up 18%.) One of his biggest positions for many, many years. Extremely well-managed. They’ve grown the business, mainly organically through new products and reducing costs. Also, benefiting from the reform in Ontario, which allows food retailers to sell wine. There are about 75 new outlets now that have to give shelf space to Ontario wine companies. Still a Buy. Under $11 is a good price.


Price: $10.690
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 BUY Ag Growth International Inc
AFN-T
Stephen Takacsy, B. Eng, MBA

A great company. One of the few ways of playing the agricultural sector in a sort of safer non-commoditized way. They make grain and fertilizer handling and storage equipment. Growing internationally. Very well-managed. The stock is down because they did a fairly large equity financing at around $54-$55 in the last few months. However, results have been very, very good. It gives you international exposure to needy infrastructure space overseas. A good entry point.


Price: $50.820
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 DON'T BUY Bombardier Inc (B)
BBD.B-T
Stephen Takacsy, B. Eng, MBA

He doesn’t follow this closely. A tough, high-stakes business that gobs up enormous amounts of capital. Good luck on been able to get a decent return on capital. They have a lot of challenges. Up against some big competitors. They still have to get their house in order financially. There is no real free cash flow being generated to speak of. Not a good business to invest in.


Price: $2.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-22 BUY BCE Inc.
BCE-T
Stephen Takacsy, B. Eng, MBA

He is buying at these levels for new clients. A rock solid, extremely well-managed company. The stock is up on days the market is down. It has that negative correlation, acting somewhat bond-like. They have growing businesses, the whole wireless side. This is one you want to own for a long time.


Price: $58.750
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 WAIT Brick Brewing Company Ltd.
BRB-T
Stephen Takacsy, B. Eng, MBA

Very impressed with management. They’ve done a really, really good job in turning the company around. It’s a very competitive business, beer mainly, but now they have some spirits they are manufacturing, with the rights to sell, market and distribute. The stock is rather expensive, but they’ve been delivering good quarterly sales growth/earnings growth. Wait until the earnings catch-up with the stock price.


Price: $2.910
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-22 COMMENT CCL Industries (B)
CCL.B-T
Stephen Takacsy, B. Eng, MBA

Had owned this from $36 to over $200, but sold it recently and bought Winpak (WPK-T) which he likes better. It has more organic growth and trades at a lower multiple. CCL has done a great job integrating acquisitions. A very well-managed company, but finds it very expensive right now.


Price: $289.760
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-22 TOP PICK Corus Entertainment (B)
CJR.B-T
Stephen Takacsy, B. Eng, MBA

This is one that you buy, hold and don’t let it go. In the large cap space, it is probably the best value out there. Still misunderstood. The largest TV broadcaster in Canada. Everybody is worried about cord cutting and cord shaving, but they bought Shaw Media about a year ago, and now the cost synergies and revenues are kicking in. Over the next 12 months, he expects the company to return to growth. Subscriber growth has already started to go back up thanks to Disney and some of the other specialty channels. They just renegotiated their ad agency contracts, presumably at higher rates. Dividend yield of 9%. (Analysts’ price target is $13.)


Price: $12.490
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 BUY on WEAKNESS Cargojet Inc
CJT-T
Stephen Takacsy, B. Eng, MBA

This stock has gone up a lot in a short period of time. The company has done a great job revamping its fleet to meet the huge Canada Post contract. Feels it is fully valued now, and would buy it on weakness. Basically has 90% of the overnight air cargo market in Canada.


Price: $46.110
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-22 COMMENT Clearwater Seafoods Inc.
CLR-T
Stephen Takacsy, B. Eng, MBA

Has very valuable harvesting seafood licenses, and very dependent on the US$. When the dollar is strong, they do well. Very capital intensive, as ships are expensive to buy and maintain. You really have to look at the free cash flow generation over a long period of time. The stock has been treading water for the last few years. Not something he would put in his portfolio.


Price: $10.510
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-22 BUY D-Box Technologies
DBO-T
Stephen Takacsy, B. Eng, MBA

A very good buying opportunity. He’s been buying at around $0.40. A bit of a lumpy business, depending on where the backlog stands. The backlog has been down a little in the last few quarters, because they haven’t announced too many seat deployments. They are working on multiple fronts such as virtual reality, home theatre, but the big upside is going to be increasing penetration in movie theatres with their motion systems. Because there is a big CapX program going on in North America, to replace the seats with recliners, they have developed a reclining seat with a motion system in it. Also, thinks China is going to blast off for them as some point. These things take time so you have to be patient.


Price: $0.410
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 COMMENT Knight Therapeutics
GUD-T
Stephen Takacsy, B. Eng, MBA

Phenomenal management. You have to look at this as a big mutual fund of investments in healthcare and biotech. They are sitting on a ton of cash, and probably just waiting in the weeds for some fallout from some of the other companies in order to make a big move. This is for extremely patient investors. As a long-term investment for your kids and grandchildren, you can’t go wrong.


Price: $9.930
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-03-22 BUY on WEAKNESS High Liner Foods
HLF-T
Stephen Takacsy, B. Eng, MBA

A well-managed company. It is unique, but over the last few years seafood sales in the US have struggled. It seems that when the US$ goes up, the price of seafood goes up also. Consumption per capita doesn’t seem to be going up in the US on seafood, even though it is healthier. Thinks it is going to tread water for a while. Not expensive, but quite volatile. You may want to buy when it has a bad quarter.


Price: $17.840
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-22 BUY Input Capital Corp
INP-X
Stephen Takacsy, B. Eng, MBA

A unique business model, and it has only been around for a few years. They give money to farmers in exchange for a revenue stream on canola production. What drives the stock higher is their deployment, i.e., how many farmers can they sign deals with over the next few years. This is usually seasonally. Expects there will be news over the next few months, in terms of how much capital they are going to be able to deploy this year. These are early days, and they are just scratching the surface. There are a lot of canola farmers in Western Canada.


Price: $1.750
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 HOLD Intertape Polymer Group
ITP-T
Stephen Takacsy, B. Eng, MBA

Packaging, but in products that are a lot more commoditized than some of the others. Management has done a great job turning the company around. Up against some 800 pound gorillas such as 3M. They are looking for “value added” products to launch in small acquisitions. They are modernizing and expanding some of the plants. Not a cheap stock, but thinks management is going to succeed.


Price: $21.630
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-22 PAST TOP PICK Logistec Corp
LGT.B-T
Stephen Takacsy, B. Eng, MBA

(A Top Pick March 22/16. Down 9%.) This has been one of his biggest winners over the last 10 years, going from $8 to $70. However, it has been treading water for the last 2 years or so. Last year was rough with marine cargo volumes being down. They’ve expanded some operations, so costs went up. Also, had a terrible fire in Georgia, which basically had them shut down for almost a year. Just came out with a very, very strong 4th quarter and announced some acquisitions and new contracts. In 2017 you are going to see this get back on the path of growing their top and bottom lines. This is still a Buy.


Price: $35.030
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 DON'T BUY MTY Food Group
MTY-T
Stephen Takacsy, B. Eng, MBA

He loves the company and management team. Bought this at $1.65 and sold it in the $30s. The stock treaded water for a while. They’ve done a great job of acquiring and integrating, however it is a very competitive industry. Most food service stocks are showing negative same store sales growth. Made a big acquisition in the US, which was what drove the stock higher from the $30s into the $40s. Quite expensive at these levels. Prefers others.


Price: $49.420
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-22 TOP PICK Napec Inc
NPC-T
Stephen Takacsy, B. Eng, MBA

One of the leading construction and maintenance services to electrical and gas utilities. Over 80% of revenues come from the US. They will definitely benefit from more infrastructure spending, but have a huge backlog of work right now. The gas and electrical transmission lines in the US are being replaced and expanded. Made a couple of very accretive acquisitions which should start kicking in soon. Very cheap, trading at under 6X EBITDA. (Analysts’ price target is $1.38.)


Price: $1.050
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 BUY on WEAKNESS Park Lawn Corp
PLC-T
Stephen Takacsy, B. Eng, MBA

The only publicly traded company in Canada where you can invest in the funeral and cemetery business. Cemeteries are very valuable assets, because it is very difficult to get new permits. This company is also able to build mausoleums on their grounds, so they have a huge future revenue stream coming. A very well-managed company. A little expensive, but that is because of the scarcity value. You buy this on weakness, and just put it away.


Price: $16.800
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 BUY on WEAKNESS Savaria Corp
SIS-T
Stephen Takacsy, B. Eng, MBA

One of his biggest positions. A great company. Manufactures accessibility equipment such as stair lifts, home elevators, ramps, vehicle conversions, etc. It is the only investable company on the TSX that gives you exposure to the sector. Very well-managed. The stock is a little pricey, but you are paying for the scarcity value.


Price: $12.280
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 BUY Shaw Communication (B)
SJR.B-T
Stephen Takacsy, B. Eng, MBA

Probably a decent buy right now. He’s been looking at this very carefully for the last 6 months, waiting for the right moment. You have to track their subscriber losses. They are locked in a battle in Western Canada with Telus (T-T), and are having to reinvest a lot of capital into getting the Wind Mobile Sutherland network up to snuff. A good investment for a long-term. You are getting a good yield while waiting for things to stabilize.


Price: $27.090
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-22 HOLD Student Transport of America Ltd.
STB-T
Stephen Takacsy, B. Eng, MBA

An extremely well-managed company. A tough industry with very low growth and a lot of competition. Management is using technology to their advantage to increase efficiencies. They are winning a lot of contracts and reinvesting a lot in the fleet. Doesn’t expect a lot of organic growth, or winning contracts from competition. Attractive dividend yield. He owns the convertible debentures.


Price: $7.500
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 BUY Telus Corp
T-T
Stephen Takacsy, B. Eng, MBA

An extremely well-managed company. One of the best CEOs in Canada. A great business. He would be buying this in the low $40s.


Price: $42.830
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-03-22 PAST TOP PICK Ten Peaks Coffee Co
TPK-T
Stephen Takacsy, B. Eng, MBA

(A Top Pick March 22/16. Down 27%.) Got a little ahead of itself. Last week they came out with record 4th quarter results after some lumpiness through the year, caused by delays in orders by clients. Came out with a solid $.46 EPS for the year under the new accounting standards, which really measures the true profitability of the company. There are high barriers to entry. The only global company that can process 100% organic, chemical free, decaffeinated coffee. They are now exporting all over the world.


Price: $6.630
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 TOP PICK Veresen Inc
VSN-T
Stephen Takacsy, B. Eng, MBA

He likes energy infrastructure pipelines and midstream. They are like toll booths and are worth a lot of money. This one is very much misunderstood. Everyone thought they were going to cut the dividend over the last few years. This is the old Port Chicago, which basically owned 50% of the Alliance pipeline with Enbridge, but the company has been radically transformed over the last 3-4 years, and is now a premier gas infrastructure play. One of the cheaper companies in the sector. Dividend yield of 7.4%. (Analysts’ price target is $16.)


Price: $13.690
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-03-22 COMMENT ZCL Composites Inc.
ZCL-T
Stephen Takacsy, B. Eng, MBA

Underground tanks and storage solutions. He doesn’t follow it closely. These things come in big waves, and right now they are on a bit of a roll. Feels it is fully valued here.


Price: $13.160
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-03-21 N/A A Comment -- General Comments From an Expert
A Commentary
David Dietze

Market. This is an expensive market. Of course, valuation is not necessarily a timing tool, but you do have to keep your seatbelt fastened. The market is up 10% since election day, up 15%-16% just in the last year. PEs are the highest they have been since the dot.com bubble. Dividend yields are trying to hold on to the 2% level, so by that level, things are pricey. We are in a situation where interest rates are going up. The Fed has hiked 3 times, and have promised to hike twice more this year. Higher interest rates are never a positive for the market. People have to be cautious here. Short-term traders are looking at what is going on in Washington. The market has grown like a bat out of hell since election day, on the hopes and prospects of very progressive policies from the new administration. However, that is not a slam-dunk, as the Republicans are not united. A lot of strategists are now looking at what is going on with Obamacare. If they feel the Republicans, who did not support Obamacare, are not able to repeal it, what does that mean for Trump’s success in getting the rest of his progress policies enacted anytime soon?


Price: $0.020
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: _N/A
2017-03-21 N/A A Comment -- General Comments From an Expert
A Commentary
David Burrows

Market. We are in a bull market. When corrections come in a bull market, they are swift and can be painful for a few days, but are generally over pretty quickly. People have made a big deal about not having a 1% down move in over 100 days. If you look at history, this has happened about 10 times over the last 30 years, and the returns that came 3 months, 6 months, 9 months afterwards were way above average. When you have long periods of time when volatility has been low as it has been, and then you have that 1% day, people tend to think of it as a shakeout. The most difficult thing in a bull market is to stay positioned. As a market analyst, from a whole bunch of different angles, the market continues to look very constructive, and it would be healthy to have a few sloppy days. The key themes that are in this market, are firmly in place. In Canada, about 50% of stocks are in long-term positive uptrends that has been slowly rising. In the US, it is about 66%. In the last 2 months, when the market has been treading water, the average hedge fund has gone from 110% to 115% Long to 80% Long indicating there has been tremendous profit taking over the last 2 months. This tells you how strong the bid is under the market because there has been really no downside.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: _N/A
2017-03-21 N/A A Comment -- General Comments From an Expert
A Commentary
David Burrows

Energy. He got quite bullish on energy in Jan/Feb 2016 as breadth started to improve. In the last 6 weeks, breadth for the energy sector started to contract. Oil consolidated sideways for a couple of months. In energy, in almost all cases, they break down from there. You are facing a big headwind at the sector level. Fracing has made energy a mass manufacturer. That is why production of oil in the US is up 700,000 barrels since last February, and storage is at an all-time high. If you want to be in energy, which is a tough space right now, you want to be in a low-cost producer that will be able to take share. He owns virtually no energy.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: _N/A
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