Stockchase Recent Top Picks RSS Recent Top Picks by Experts http://www.stockchase.com/ en CGI Group (A) <p><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">The long-term on this company is that every year it has 20% ROE. Trades at 9.9X 2015 earnings. Well-managed and throws off a lot of cash flow. They buy back their stock. He is pretty comfortable that it will be 20% higher. It should be $8 higher in year&rsquo;s time.</span></p> http://www.stockchase.com/opinions/view/140036 Fri, 24 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/140036 Cipher Pharmaceuticals Inc. <p><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">We are in an environment right now where pharmaceutical companies are very hot commodities. You either have to acquire things or you have to be acquired. This company is attractive in both respects. Have a great lead drug for teenage acne which is doing very well. Also, have a lot of cash. This could simultaneously be a very attractive acquisition or they could turn around and use that cash to buy other things in their product offering. They have a lot of options right now. His guess is that we are going to get reconciliation one way or another in the next six months. They are either going to buy a bunch of stuff or going to get a big pop in their rating or get taken out by somebody at a higher price. Trading at 13X earnings with about a 35% ROE.</span></p> http://www.stockchase.com/opinions/view/140035 Fri, 24 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/140035 Constellation Software Inc. <p><span style="color: red; font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>(A Top Pick Oct 18/13. Up 61.96%.)</strong></span><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"> His target price for the end of 2015 is $400. They are the best allocators. Have a strong balance sheet. If you are only going to own one stock in Canada right now, this would be it. Trading at 16.5X 2015 earnings, and is growing at 30% a year.</span></p> http://www.stockchase.com/opinions/view/140023 Fri, 24 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/140023 Sandvine Corp. <p><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Believes in their revenue growth story. This deep packet inspection, in being able to charge for different areas of your mobility and data plans, will ultimately benefit them down the road. Companies like Netflix or HBO will want to offer some kind of services, where they can pay for your data usage on those plans. World class products. 10% of their sales in the last quarter were from IBM (IBM-N). At these levels, your downside risk is very limited.</span></p> http://www.stockchase.com/opinions/view/140015 Fri, 24 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/140015 New Flyer Industries Inc. <p><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Bus manufacturing. An interesting business that is quite stable. They sell a ton of buses into the US. The US has been making more and more money as the economy improves, and municipalities/states have been buying more buses. Likes the shift they are making into making acquisitions. Have bought a couple of companies over the last few years, including parts makers, and are getting to be a much more reasonable player in the after parts market business. EBITDA per unit, in this last quarter, blew analysts&rsquo; expectations away. Dividend yield of 4.55%.</span></p> http://www.stockchase.com/opinions/view/140014 Fri, 24 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/140014 Firstservice Corp <p><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Considers this as an anchor in financial services. Huge amount of recurring revenue from a lot of their brands. They manage residential buildings as well as owning a lot of interesting businesses. The crown jewel for them is their Colliers brand, which is selling businesses, but also managing portfolios of commercial buildings. This business has been growing in the low double-digits, and he expects it to continue. Margins have been growing. Dividend yield of 0.72%. A company that you can hold for many years and be rewarded.</span></p> http://www.stockchase.com/opinions/view/140013 Fri, 24 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/140013 Magna Int'l. (A) <p><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">He sees 23% earnings-per-share growth and 11% free cash flow growth over the next couple of years. Has modeled them buying back almost 13% of their float over the next couple of years. Q2 was a beat. Margins are improving. There is a European story, but he is somewhat constructive that Europe will make it work. Cheaper than its peers. Yield of 1.56%.</span></p> http://www.stockchase.com/opinions/view/139987 Thu, 23 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/139987 Enbridge <p><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">The view was that falling oil would mean less Alberta production. To really impact their growth visibility you're going to have to have enormous change in Alberta production. For that you probably need $60 oil. He sees EPS growth of 12% for the next 5 years. Low payout ratio of 43%, so they have plenty of room to revisit their dividend policy, which they might. There is a lot of growth coming from drop-downs. Their earnings are exceptionally high quality. Yield of 2.67%.</span></p> http://www.stockchase.com/opinions/view/139986 Thu, 23 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/139986 Algonquin Power & Utilities Corp <p><span style="color: red; font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>(A Top Pick Oct 2/13. 45.6%.)</strong></span><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"> This is an interest-rate call. Also, based on the view that markets are not going to be easy over the next 12 months as they were over the last 12. This is a power/utility, a kind of gentle place to be. Yet they've got 30% adjusted earnings growth that he models over the next couple of years. Cheap at 8X versus its peers of around 7.7. He models a 10% dividend growth over the next couple of years. Dividend yield of 4.39%.</span></p> http://www.stockchase.com/opinions/view/139970 Thu, 23 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/139970 Roxgold Inc <p>He always likes to be in the gold space, but it has been hard recently.&nbsp; This is a great way to stay invested in the space. These guys have raised their money and should have the mine in production within 18 months.</p> http://www.stockchase.com/opinions/view/139960 Thu, 23 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/139960 Gear Energy <p>Looks like it can grow 20% organically. Great operating numbers.&nbsp; 3 times next year&rsquo;s cash flow.&nbsp; The heavy oil price is still sticking in.&nbsp;</p> http://www.stockchase.com/opinions/view/139959 Thu, 23 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/139959 Canadian Natural Rsrcs <p>Take advantage of this oil price selloff to pick this up.&nbsp; Throws out an incredible wall of cash.&nbsp; 4 years out it will be extraordinary.</p> http://www.stockchase.com/opinions/view/139958 Thu, 23 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/139958 SLYCE Inc. <p><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Very, very neat technology. It basically identifies certain items. For example if you see a sink that you like, you take a picture of it which immediately brings up the retailer and the price, and you can buy it immediately. They are getting paid on a number of differetnt avenues.</span></p> http://www.stockchase.com/opinions/view/139938 Wed, 22 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/139938 Concordia Healthcare <p><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Management team has pretty well done everything that they said they would. They continue to drive the numbers. There is probably more in it from an acquisition standpoint. Has a small dividend as well. Trading at 28X earnings, which is not cheap, but is growing at a fairly significant rate, and that ratio will come down over time.</span></p> http://www.stockchase.com/opinions/view/139937 Wed, 22 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/139937 Patient Home Monitoring <p><span style="font-family: 'Times New Roman'; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">This is a great business. They have been growing by acquisition, but even better they have been growing even stronger organically. Have great growth and great bottom line. A stock that he thinks will continue to grow. They don&rsquo;t have much competition from an acquisition standpoint. They buy small operators, and merge them into their business, allowing them to cross sell and generate a lot of organic growth.</span></p> http://www.stockchase.com/opinions/view/139936 Wed, 22 Oct 2014 00:00:00 -0400 http://www.stockchase.com/opinions/view/139936