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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
2017-03-23 WATCH Bank of America
BAC-N
Norman Levine

Financials have run in the US because of expectations under Trump of less regulation that will free up capital.  Also, there is hope and expectation that the yield curve will steepen.  In the near term it looks like we are getting a correction in interest rates.  We are close to the end of the 35 year bull market in bonds.


Price: $23.070
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-03-23 TOP PICK Badger Daylighting
BAD-T
Norman Levine

It is not an everyday stock. They use high pressure water to move earth.  They used to be mostly in the energy area and then moved into the utility area.  Recently they moved into the US.  People still treat them as a Canadian energy company, but 2/3rds of their business is from the US and 3/4ths comes from non-energy.  Earnings continue to grow and they raised the divided recently.  (Analysts’ target: $35.00)


Price: $32.230
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 DON'T BUY Birchcliff Energy Ltd.
BIR-T
Eric Nuttall

He does not like any of the peers enough to own them.  It is going to be another year of pipeline outages in Canada.  But if you wanted to own one, this would be it.  He recently exited it to put money into service stocks.  He has a lot of respect for the management team.  It is going to be a bumpy ride to get to is target price.


Price: $7.200
Subject: ENERGY
Bias: BULL on OIL
Owned: No
2017-03-23 DON'T BUY Baytex Energy Corp
BTE-T
Eric Nuttall

They are marred with too much debt and can’t grow.   They look too unattractive compared to peers, with the worst production forecast and one of the worst balance sheets.


Price: $4.340
Subject: ENERGY
Bias: BULL on OIL
Owned: Unknown
2017-03-23 BUY CCL Industries (B)
CCL.B-T
Norman Levine

It does nothing fancy.  It is the world’s largest manufacturer of pressure sensitive labels as well as aerosol cans.  They are good at what they do.  They did some very strategic and opportunistic acquisitions over the years.  They raise their dividend over the years and he continues to buy it for clients.


Price: $289.990
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 PAST TOP PICK Cardinal Energy Ltd
CJ-T
Eric Nuttall

(Top Pick Apr 7/16, Down 14.4%) It was pummeled this year.  He can’t bring himself to sell it.  They are at a 4.3 times.  They have a reserve life of 7.4 years.  That means you are getting half the reserves for free.


Price: $6.830
Subject: ENERGY
Bias: BULL on OIL
Owned: Yes
2017-03-23 DON'T BUY Canacol Energy Ltd.
CNE-T
Eric Nuttall

He does not want international oil and gas.  There are way better opportunities in US and Canada.  Elsewhere there is the risk of pipeline bombings.


Price: $3.780
Subject: ENERGY
Bias: BULL on OIL
Owned: Unknown
2017-03-23 BUY Canadian Natural Rsrcs
CNQ-T
Norman Levine

It has become an interesting stock because they are making a very well timed purchase of shells oil sands assets to become the biggest oil company in Canada.  It probably makes it attractive.  But in the near term he sees oil going down so there is no reason to put new money into oil stocks.


Price: $42.620
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-03-23 PAST TOP PICK Canadian National R.R.
CNR-T
Norman Levine

(Top Pick Mar 22/16, Up 24%) The best run, most profitable railway in North American.  He likes their structure better than CP-T.  CNR-T is less commodity oriented and has a bigger US footprint.  This has been a better grain season.  This one continues to be his favourite.


Price: $96.730
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 VAGUE Canadian Pacific Rail
CP-T
Norman Levine

CP-T vs. CSX-N.  [Caller already had CNR-T]  One railroad is enough to own.  CSX-Q has already moved since Hunter Harrison moved companies.  Just hold on to CNR-T.


Price: $194.360
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-03-23 PAST TOP PICK Crescent Point Energy Corp
CPG-T
Eric Nuttall

(Top Pick Apr 7/16, Down 17%) He struggles to see what gets this story re-rated.


Price: $14.370
Subject: ENERGY
Bias: BULL on OIL
Owned: No
2017-03-23 DON'T BUY CSX Corp
CSX-Q
Norman Levine

CP-T vs. CSX-N.  [Caller already had CNR-T]  One railroad is enough to own.  CSX-Q has already moved since Hunter Harrison moved companies.  Just hold on to CNR-T.


Price: $46.110
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-03-23 HOLD DH Corporation
DH-T
Norman Levine

Before the takeover offer, the stock was not doing very well.  The company put themselves up for sale and only one bidder came along.  There is still time because the deal has not been finalized. 


Price: $25.170
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-03-23 PAST TOP PICK Exchange Income
EIF-T
Eric Nuttall

(Top Pick Apr 7/16, Up 43%) It is a good quality pick.  This has been a total under-the-radar story.  They did a phenomenal job of managing their assets.  They have raised the dividend multiple times.


Price: $38.020
Subject: ENERGY
Bias: BULL on OIL
Owned: Yes
2017-03-23 BUY Enbridge
ENB-T
Norman Levine

He likes the growth outlook and they have pledged to increase their dividend every year.  The Canadian economy needs pipelines to be done. 


Price: $54.540
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 BUY Ford Motor
F-N
Norman Levine

His company owns no autos.  First Quarter earnings will be less than expected because fleet sales are down.  But the stock was only down 10 cents.  North American production has probably peaked.  He thinks it will stay there longer than people think.  F-N has a big presence in Europe where auto sales are starting to do better.  F-N will be a beneficiary long term.  Cars are made better than they used to be and they last longer.


Price: $11.670
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 TOP PICK Fairmount Santrol Holdings Inc.
FMSA-N
Eric Nuttall

With the freak out by the market about the sell-off in oil.  Fracking sand has doubled.  The increase in demand will offset any increase in capacity.  This one has been hit the hardest of the sand producers.  (Analysts’ target: $12.25).


Price: $6.670
Subject: ENERGY
Bias: BULL on OIL
Owned: Yes
2017-03-23 PAST TOP PICK General Electric
GE-N
Norman Levine

(Top Pick Mar 22/16, Down 2%) It has been a disappointment.  He liked it because it was being transformed.  They got out of financial services just as financial services were taking off.  What hurt them in the last year was their commitment to energy services.  He is still there though.  He owns it as a cyclical industrial company.


Price: $29.620
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 DON'T BUY Coca-Cola Company
KO-N
Norman Levine

He is not a fan and prefers PEP-N.  KO-N is almost exclusively a soft drink company.  Soft drinks are under attack and in decline as people move more and more towards water.  He does not care for the outlook.  Pepsi gets most of its earnings from food – Lays and Quaker.


Price: $42.170
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-03-23 BUY Morneau Shepell Inc
MSI-T
Norman Levine

He continues to own it.  It was founded by the current finance minister’s father.  They are big in the outsourcing business.  They continue to grow in the Canada and in the US.  The dividend is very safe.  They are at the bottom of their payout ratio.  At some point they are going to raise that dividend.


Price: $19.460
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 DON'T BUY National Bank of Canada
NA-T
Norman Levine

He used to own it.  It is 100% in Canada with no foreign operations.  He prefers more international operations.  At some point it will run into big headwinds. 


Price: $55.660
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-03-23 BUY Oasis Petroleum Inc.
OAS-N
Eric Nuttall

He likes them because they are early on in applying advancements in technology to increase recoveries in wells.  They are using more sand, an important theme.  They did a pretty good job of navigating the downturn.  They should soon get a re-rate.  They have improved their balance sheet.  Sentiment is as bad a Jan/Feb of last year when oil was about $29, vs. $48 now.


Price: $12.190
Subject: ENERGY
Bias: BULL on OIL
Owned: Yes
2017-03-23 DON'T BUY Precision Drilling
PD-T
Eric Nuttall

He likes services, but not drillers.  Pricing power is a little more.  It trades at a premium because of good trading liquidity.  He likes pressure pumpers.


Price: $6.110
Subject: ENERGY
Bias: BULL on OIL
Owned: No
2017-03-23 DON'T BUY Pengrowth Energy
PGF-T
Eric Nuttall

It trades at a premium.  They are at 6 times debt to cash flow.  He wants re-rate stories.  There are other stories.  You want a leaner, cleaner story.


Price: $1.450
Subject: ENERGY
Bias: BULL on OIL
Owned: Unknown
2017-03-23 TOP PICK Parkland Fuel Corp
PKI-T
Norman Levine

Big in the gas station business with some wholesale and commercial businesses as well as propane distribution.  They are going to buy CST assets in Eastern Canada.  There is room for a lot more acquisitions.  It has now broken out.  They raise their dividend modestly on a regular basis.  (Analysts’ target: $32.25).


Price: $28.990
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 DON'T BUY Painted Pony Petroleum
PPY-T
Eric Nuttall

He avoided the face plant they did.  There are concerns about Canadian gas pricing.  It is cheap.  They reduced their cap-x.  The stock fell in half and then they diluted by 59%.


Price: $5.450
Subject: ENERGY
Bias: BULL on OIL
Owned: No
2017-03-23 BUY Sun Life Financial Inc
SLF-T
Norman Levine

He is a big fan of lifecos.  He owns this and POW-T as well as MET-N in the US.  He likes them because he sees interest rates going up.  It has little to do with what the Fed will do.  Their profitability comes from bonds.  They have gotten much bigger in the money management business.


Price: $48.360
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 TOP PICK SNC-Lavalin Group Inc.
SNC-T
Norman Levine

They had problems in the past but now he likes it going forward.  He bought early, but it has worked out for him.  They continue to get lots of contracts.  Most recently it has sold off and is now the cheapest engineering and construction company in North America. This is because they have an inefficient balance sheet.  The market expects them to make a large acquisition and take on lots of debt and that it will hurt them.  He expects them to buy back stock.  An acquisition would be good for them, making the balance sheet more efficient.  It is cheap here.  They still own highway 407 where the value continues to go up and up.  There is not a lot of goodwill built in here.  (Analysts’ target: $64.00).


Price: $52.440
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 PAST TOP PICK Suncor Energy Inc
SU-T
Norman Levine

(Top Pick Mar 22/16, Up 16%)  They made that acquisition of COS-T at very low prices.  It helps bring down the overall cost of production.  Energy stocks got way ahead of the price of crude and that is why they have not done as well so far this year as earlier.


Price: $40.860
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-23 TOP PICK Trican Well Service Ltd.
TCW-T
Eric Nuttall

They will now be above the $ billion market cap and it opens up to a lot more buyers and can get index inclusion.  In the US we are talking 25% quarter over quarter price increases.  (Analysts’ target: $6.50).


Price: $3.660
Subject: ENERGY
Bias: BULL on OIL
Owned: Yes
2017-03-23 WAIT Toronto Dominion
TD-T
Norman Levine

US and Canadian financials had a big run and there is profit taking.  TD-T was hurt more than others because of the scandal about sales pressures by employees.  He would hold off.  He only owns BNS-T and the rest of his bank holdings are US banks.


Price: $65.390
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-03-23 SELL Teva Pharmaceutical
TEVA-N
Norman Levine

It was a pick two shows ago.  Soon after buying it he sold at a loss.  He bought it because it was selling at historically low valuations.  Very shortly after, the CEO abruptly quit and no reason has been given.


Price: $32.730
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-03-23 DON'T BUY Visa Inc.
V-N
Norman Levine

He has mixed feelings for both V-N and MA-N.  As economies start to do better in the world, use of credit cards will start to pick up.  But there is continued pressure on merchant fees and it may get bigger. 


Price: $88.860
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-03-23 WAIT Seven Generations Energy Ltd
VII-T
Eric Nuttall

He would not yet own them.  They stubbed their toe on guiding the street late last year.  It will be post-Q2 now.  If it gets to $20 he would step up, however.


Price: $22.510
Subject: ENERGY
Bias: BULL on OIL
Owned: No
2017-03-23 DON'T BUY Whitecap Resources
WCP-T
Eric Nuttall

There is nothing wrong with it, but there is a buyer strike.  Investors are standing back.  He has US names that will grow more and at a cheaper valuation.  It is difficult to make a case for owning the Canadian names.


Price: $9.950
Subject: ENERGY
Bias: BULL on OIL
Owned: Unknown
2017-03-23 DON'T BUY Canopy Growth Corp.
WEED-T
Norman Levine

He is not a fan of these stocks.  The valuations are based on nothing.  Potential supply just keeps coming on and on.  Big tobacco will end up getting into this business.  They have the money, distribution and knowhow.  Some of these cannabis companies will survive and some won’t and he does not know which won’t.  They are not investments.  They are gambles.


Price: $10.160
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-03-23 TOP PICK WPX Energy Inc.
WPX-N
Eric Nuttall

They will grow about 3 times that of a Canadian producer.  He is getting a 40% growth rate, but paying an inline multiple for it.  At $5 billion market cap it has not hit as many radar screens and so is a little bit cheaper.  (Analysts’ target: $18.00).


Price: $12.060
Subject: ENERGY
Bias: BULL on OIL
Owned: Yes
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
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