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

Table View - Opinions in Detail

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Implied Signal Stock Symbol Company Comment Source Program Airdate Airdate Price Opinions $ Goal Expert Program Topic Expert's Bias Own or Relationship Actions
  
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-06-08 $0.020

Markets.  Typically the summer is not the most euphoric time.  He is 70% cash about a month ago.  He is slowly deploying cash, being patient over the next couple of months.  He tries to find a stock that is mispriced for whatever reason.  He took profits as we headed into the most recent run on energy.  We went from way to pessimistic to way to euphoric and now there are a few new headwinds we have to deal with.  He deals with single stock opportunities.  You should be heavy in cash and be ready for table banging opportunities and then if you are wrong take your loss quickly. 

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE _N/A View
BUY AC-T Air Canada (B) Market Call (BNN TV) 2015-06-08 $14.060

He really likes it.  It is a huge win for his small cap fund.  Every flight is full.  Their load factor is really good.  They are stealing business away from West Jet.  Every dollar in this business is highly accretive.  There is perception that they have high debt and pension issues, but these issues have been fixed.  PE is 4 and revenue is up.  It looks really cheap.  It is very underowned in most small cap funds.

$20-$21 Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Yes View
HOLD BNP-T Bonavista Energy Corp Market Call (BNN TV) 2015-06-08 $6.930

It has been a tough hold.  He wants to revisit the name.  It trades at a discount to peers.  It struggled.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
WEAK BUY CPG-T Crescent Point Energy Corp Market Call (BNN TV) 2015-06-08 $26.490

Raised $600 Million a week or two ago to fund an acquisition, which he likes.  He likes CPG-T.  If we get to $60 oil it could be a $30-$32 stock.  People don’t like the sustainability of the dividend.  They were at 135% payout, but after this acquisition it lowers the payout by about 10 points.  Their dividend should be seen as more sustainable.  He doesn’t see the dividend being cut. 

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
SELL CQE-T Cequence Energy Ltd. Market Call (BNN TV) 2015-06-08 $0.810

A good tax loss candidate unless you are a raging bull on oil.  There is no compelling reason.  He doesn’t see it gaining traction. They can’t grow at a depressed natural gas price, like some others.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
DON'T BUY DDD-N 3D Systems Market Call (BNN TV) 2015-06-08 $21.530

Decided to break up during a bear market.  He bought GXO-T 2 weeks ago.  It had a good rally and he does not see a compelling case.  If BXO-T dropped he would buy it at around $5.  He did not agree with breaking it up in a market when people want a bigger company.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
PAST TOP PICK ECA-T Encana Corp Market Call (BNN TV) 2015-06-08 $14.700

(Top Pick June 9/14, Down 40.77%) Some picks are for a shorter term.  This was a tactical trade based on a new CEO.  He sold at a profit.  Most of these are sells.  The challenge still is debt, however.  They did two asset purchases at the top of the market. 

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE No View
WAIT EH-T easyhome Market Call (BNN TV) 2015-06-08 $18.850

It is a large holding for him.  One of the few that has not gone up this year.  It is an incredibly profitable business model.  They make $0.20 for every dollar they earn, after tax.  They became a bit more stringent in their lending recently.  They are no longer further extend credit to customers longer than 90 days and this will have a one to two quarter hit to loan losses.  There is some regulatory risk and an IPO that will be a competitor.  Wait a quarter or two before getting in.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Yes View
TOP PICK GRC-X Grenville Strategic Royalty Market Call (BNN TV) 2015-06-08 $0.890

It is a baby royalty company.   They are at a critical mass where they diversified the loans.  5.7% yield.  Thinks they can increase the dividend this year or next and then keep doing so every couple of years.  They are everywhere.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
DON'T BUY IKM-X Ikkuma Resources Market Call (BNN TV) 2015-06-08 $0.750

Micro cap dry gas producer.  It is about 3 times PE.  The stock is pretty much dead money for now.  You need a pickup in energy prices.    In this market today this name would not massively outperform.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
WATCH INP-X Input Capital Corp Market Call (BNN TV) 2015-06-08 $3.040

He would like to see a quarter or two of no collections issues.  Momentum has been taken out a little a bit.  He also believes they could grow their earnings 30%.  They had loans to 55 farmers and 2 of the farmers defaulted. 

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
DON'T BUY LRE-T Long Run Exploration Market Call (BNN TV) 2015-06-08 $0.720

Got themselves into a pickle in terms of debt heading into a collapse of crude price.  Debt to cash flow is 4.6 times so they are getting up there.  Has not owned it in 2 years.  If you believe in $70 oil this name could double, but at $65, no.  They could potentially sell some assets.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE No View
SELL MEI-X Manitok Energy Market Call (BNN TV) 2015-06-08 $0.780

It is the epitome of what people don’t want to own today.  It has balance sheet issues, okay drilling results, but it is undercapitalized and the management team lost traction with the street.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
DON'T BUY PHM-X Patient Home Monitoring Market Call (BNN TV) 2015-06-08 $1.500

He finds the valuation a little mind numbing.  PE of 18 times.  It is one of the few roll up strategies where they also have organic growth.  The valuation is extremely high and could be susceptible to correction.  It would appeal to him around $1.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE No View
WATCH PPY-T Painted Pony Petroleum Market Call (BNN TV) 2015-06-08 $7.590

He likes the company.  The stock is more expensive relative to others.  Between now and 2016 you are left to the sentiment about Nat Gas and LNG.  He sees significant headwinds.  He does not know if first nations will buy into their project so it can go ahead.  He would start picking away on a 10% pull back.  Hold if you have it.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
DON'T BUY RMP-T RMP Energy Market Call (BNN TV) 2015-06-08 $2.880

A former darling.  There is concern about their inventory.  It has lost momentum in their existing area.  The gas oil ratio is higher than they had said.  Oil is down to 45%.  This took a lot of momentum out of the story.  It is a cheap stock, but there is a reason for it.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE No View
DON'T BUY TBE-T Twin Butte Energy Market Call (BNN TV) 2015-06-08 $0.710

He could not think of why he would own it.  They have missed numbers more than they have hit them.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
TOP PICK TDG-T Trinidad Drilling Ltd Market Call (BNN TV) 2015-06-08 $4.510

He likes land drillers because they outperform coming out of a down market.  There is a concern about their debt to cash flow, but it is trading at a really cheap multiple, less than during the financial crisis.  He is seeing rigs going back to work.  The demand for rigs will start to go back up and people will stop focusing on the debt issues.

$6 Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Yes View
PAST TOP PICK TOU-T Tourmaline Oil Corp Market Call (BNN TV) 2015-06-08 $38.260

(Top Pick June 9/14, Down 31.04%) This is a name where they continue to exceed people’s expectations.  As the year progresses they should unveil even more plays that the street is not expecting.  As the price of Nat Gas rallies into the fall this would be one of his favourites.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Unknown View
TOP PICK TVE-X Tamarack Valley Energy Market Call (BNN TV) 2015-06-08 $3.800

One of the few light oil companies trading at a deep discount.  They paid less for a recent acquisition than the reserves.  They also delevered the balance sheet.  They now have a 6 year drilling inventory.  They can grow by only spending their cash flow.  It is one of the few oil opportunities he sees today.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Yes View
WAIT TWD-X Tweed Marijuana Inc. Market Call (BNN TV) 2015-06-08 $1.770

Their margins look very, very good.    He does not buy companies that are still not profitable.  Wait for a profitable quarter.   He is also worried about long term pricing at $7.50 a gram.  It is a concept stock.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE No View
PAST TOP PICK WCP-T Whitecap Resources Market Call (BNN TV) 2015-06-08 $13.210

(Top Pick June 9/14, Down 10.03%) He really liked the company.  It is now really attractively priced.  He would start rebuilding your position.

Eric Nuttall OIL, GAS & SMALL-CAP CANADIAN SELECTIVE Yes View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-04-22 $0.020

Markets. Because he is focused on mid-caps, there are only about 450 names that are listed in Canada. This gives a relatively narrow pool. This is narrowed down more because he doesn’t invest directly in resources. When you take away the non-resources and focus on mid-caps, there is a fairly decent pool of about 200 names that he is interested in. Currently, he is about 90% Long and about 50% Short, so his net exposure to the market is about 40%. If you have a 40% net position, you have about 60% cash, so if he sees something he likes, there is no need to sell something to get it. Constantly looks at the liquidity of his portfolio to make sure that he is able to get out. As a general rule, he wants to be able to liquidate 85% of his portfolio within 5 trading days.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-05-29 $0.020

Markets. He tries not to forecast the markets, but is cognizant that we are in the month of May, and selling will have some merit to it. Also, be aware there are opportunities in the summer, which is one of the reasons he has pulled down his net exposure in his portfolios and is sitting on around 67% cash in his flagship fund. Still likes non-bank financials and he tends to use the banks as a hedge for market risk. Likes the consumer stocks as there is a scarcity value of those. As investors flee from the resource space, that tends to be a safe haven for them. Avoids direct exposure to the resource space. More of a “bottom up” investor rather than a sector player. A typical hedging trade could be Canadian Pacific (CP-T) which is overvalued, and where the first risk is market risk and the second industry specific risk. Because of this, it would not normally be in a pairs trade within that sector, so Canadian National (CNR-T) would be a natural choice. If diesel fuel goes up or down, it affects both of them equally, which helps to take out some of the risk in the portfolio. This allows him to focus on the alpha.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN _N/A View
DON'T BUY ACQ-T AutoCanada Inc. Market Call Tonight (BNN TV) 2015-04-22 $39.240

Has never seen the allure of auto dealerships as an asset class, so he has been leery of the stock. It had a great run up until July of last year. From his viewpoint, it has too much exposure to Alberta and Western Canada. Alberta is by far the best auto market in Canada generally. With the circumstances that are happening in the Alberta economy, that is falling off considerably.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
TOP PICK ALGT-Q Allegiant Travel Comany Market Call Tonight (BNN TV) 2015-04-22 $167.850

Long (and Short Westjet.) This company has a terrible fleet. In comparison Westjet has a better product, is a better company and has a better fleet. However, when jet fuel prices go down, you want the least efficient fleet possible. The bulk of their fleet is McDonnell Douglas 80s, which eat up a lot of fuel. When fuel prices go down, they are a huge beneficiary. Just reported a 100% increase in their EPS.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
PAST TOP PICK ANY-Q Sphere 3D Market Call (BNN TV) 2015-05-29 $3.730

(A Top Pick June 18/14. Up 53.06%.) Short. Had been looking at their technology and had some skepticism about it. This was virtualization technology that was supposed to be able to take any application and run it on any mobile device. Earnings and losses continue to disappoint. Also, they announced an acquisition last year that he found perplexing. He is still comfortable with this.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT AYA-T Amaya Gaming Group Inc. Market Call Tonight (BNN TV) 2015-04-22 $27.380

Had a great run. The one concern that he had was that a number of years ago, the US Department of Justice came down hard on a number of Canadian players. This company made the big acquisition of Poker Stars and are trying to get back into the US market, but the previous owners of Poker Stars had some issues with the US Department of Justice. He would be cautious on this.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
COMMENT BAD-T Badger Daylighting Market Call Tonight (BNN TV) 2015-04-22 $27.720

Has been cautious on this name. Had thought their Q4 numbers would be a little bit disappointing, but the market reacted very positively. Management continues to give positive guidance for the year, which he felt surprised a lot of people. They have direct exposure to oil and gas, which is part of the reason it sold off. What they are trying to do during the lull in oil and gas, is to try to grow their US business. If they can grow the US business faster than they see declines in Canada, they could still get that growth.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Unknown View
COMMENT BB-T BlackBerry Market Call Tonight (BNN TV) 2015-04-22 $12.130

In the past, he has Shorted this, but more as a temporary Short. When he looks at a name like this, he is happy to be on the sidelines. The industry is changing so fast.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
COMMENT BBD.B-T Bombardier Inc (B) Market Call Tonight (BNN TV) 2015-04-22 $2.540

Has never been a big fan of this company. The issue has largely been with their accounting, which he doesn’t think is the most robust. Also, the transport division for him, for the last 15 years, has been run for cash flow as opposed to profitability. Not a fan.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
PAST TOP PICK BMO-T Bank of Montreal Market Call Tonight (BNN TV) 2015-04-22 $79.670

(A Top Pick April 16/14. Down 8.94%.) Short and Long Guardian Capital Group (GCG.A-T).

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT CBL-T Callidus Capital Corp Market Call (BNN TV) 2015-05-29 $14.500

On one side you have the Catalyst Fund, one of the largest private equity funds in Canada. On the other side is another large private equity fund of WestPhase (?). These 2 are fighting over various issues and have used this company is a battleground. In Nov/14, WestPhase put forward a short case in the form of a proposition. Callidus is a lender to distressed lenders, so it is pretty easy it is pretty easy to paint a bearish scenario. Because of this, the share price has traded off fairly dramatically. Still holding and is comfortable with it.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT CGX-T Cineplex Inc Market Call (BNN TV) 2015-05-29 $49.050

This is a stock that all money managers seem to love. To him it is trading at very expensive multiples at around 39X last year’s PE and about 26X this year’s. They are embarking on a new venture called the Rec Room, essentially bars and casual dining within the cinemas. As a consequence, he thinks the stock should be de-rated. Has this in a Pairs Trade with Cinemark (CNK-N), with this one being the Short.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT CLR-T Clearwater Seafoods Inc. Market Call Tonight (BNN TV) 2015-04-22 $13.810

A great investment. There is a scarcity in Canada of consumer names that are available to investors. Has had a nice run, but he sees further upside, largely because of the supply/demand fundamentals. There is a decreasing amount of shellfish, and they have a virtual monopoly on some of the species of shellfish. At the same time, on the demand side, you see people more conscious of the fish proteins and the need for them. Great long-term fundamental story. Has also benefited from the rising US$.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
TOP PICK CLR-T Clearwater Seafoods Inc. Market Call (BNN TV) 2015-05-29 $13.250

The largest owner of shellfish quotas in North America. Likes the long-term dynamics of the business. Seafood is scarce and getting scarcer, so as a consequence you are seeing a very robust pricing across all their seafood products. On top of that quotas are becoming more valuable over time. Also, there is increasing demand as people become a lot more conscious of the benefits of seafood and proteins, particularly in Asia, but more so lately in North America. A nice defensive name that is relatively uncorrelated with what is going on in the rest of the economy. Dividend yield of 1.25%.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
BUY CMG-T Computer Modeling Group Ltd Market Call (BNN TV) 2015-05-29 $13.770

They provide software that simulates both the field and production in oil/gas fields. Took a hit along with the energy related names, but it kind of bottomed out around November when people realized it was a very resilient company with about 97% of their revenues recurring. Recently added to his position. A great long-term hold. Dividend yield of just under 3%.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT CNK-N Cinemark Holdings Market Call (BNN TV) 2015-05-29 $40.530

Has this in a Pairs Trade with Cineplex (CGX-T), with this one being the Long position. This one has a better growth profile. They also have some cinemas in Latin America.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT CPH-T Cipher Pharmeuticals Market Call Tonight (BNN TV) 2015-04-22 $13.670

Has avoided smaller pharmaceutical companies because he wears a hat as a generalist and couldn’t see the advantage he had of looking at a pharmaceutical name. Until a company gets to a specific scale where it is not taking as much drug specific risk, he would be very cautious about these names.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
PAST TOP PICK CXI-T Currency Exchange Intl. Market Call Tonight (BNN TV) 2015-04-22 $29.720

(A Top Pick April 16/14. Up 136.93%.) Still an uncrowded trade. Great story. Grew revenues and earnings by 40% last year. Management has been very conservative in saying they think they’ll be able to grow 30% in the next couple of years. He thinks they will do a lot better than that. At some point they are going to get their bank license, and when they do, it brings in all the Canadian banks essentially as customers. He thinks this will be a $50 stock within a year.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
TOP PICK CXI-T Currency Exchange Intl. Market Call (BNN TV) 2015-05-29 $35.320

Essentially a provider of foreign exchange to financial institutions. Likes this as a low-risk, high growth business, that has the potential to be something very big. They carved a niche for themselves in the provision of foreign exchange. They can do foreign exchange cheaper and more efficiently than the banks themselves. Analysts are looking for 35% earnings growth in the next 2 years, and he thinks they are going to exceed that. Management has a history of under promising and over delivering. Feels it could be a $50 stock in the not too distant future.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
DON'T BUY CXR-T Concordia Healthcare Market Call (BNN TV) 2015-05-29 $82.920

You need to be cautious on this. A very crowded trade and has had a phenomenal run. As an investor he is always cautious about crowded trades. Also, understanding the acquisitions they are making can be difficult.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
TOP PICK DCI-T DirectCash Payments Inc Market Call Tonight (BNN TV) 2015-04-22 $16.950

Largest ATM provider in Canada, Australia and number 3 in the UK. He likes the 8.5% yield. Pretty cheap at 7X EBITDA. Very predictable cash flows. Not very well covered in the industry.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT DCI-T DirectCash Payments Inc Market Call (BNN TV) 2015-05-29 $15.470

Likes this name. A provider of ATMs in Canada, Australia and the UK. Hasn’t done particularly well as of late, because people were disappointed in the latest quarterly numbers. There was a slowdown in transaction volume in Australia. Last year Australia introduced “Tap & Go”. When it came into Canada several years ago, it had a 3% impact over 3 years on transactions. In Australia, almost as soon as it was introduced, it had about a 10% impact. That had not been anticipated by the company. Management felt this was a one-off downward movement and thinks it is sustainable at these levels. This is “attrition rate” in ATMs versus their ability to grow the business. He is betting on the growth of the business. 9% yield is sustainable.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT DIV-T Diversified Royalty Corp. Market Call Tonight (BNN TV) 2015-04-22 $2.850

He looked at this as a possible Short idea. One thing that struck him is that it isn’t actually diversified in spite of its name, it only has one investment, casual dining in Western Canada. So for him, the risk profile is not something he feels very comfortable with, particularly with what is happening in Western Canada. Until it actually becomes diversified, he doesn’t think he wants to hold it. He would prefer Grenville Strategic Royalty (GRC-X), which has about 24 names.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
DON'T BUY E-T Enterprise Group Market Call (BNN TV) 2015-05-29 $0.220

This company was having issues, where they had so much business, they were renting a lot of equipment which put pressure on their margins. Raised some money and bought a bunch of new equipment, pretty much at the worst time possible. As a consequence they now have more operational leverage than they had before, and he expects equipment is not being used very well. Doesn’t see any big rush to get back into this name.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
COMMENT ECI-T EnerCare Inc Market Call Tonight (BNN TV) 2015-04-22 $15.170

Still loves the name. 5% yield. Very cheap relative to the sector. The street is not giving them any credit for their sub-metering business, which is going to supply the growth in the long term. Have a number of initiatives going on in their core business that can get reasonable organic growth. They have the ability to pass price increases on. Also, doing more business in the air-conditioning and heating business, which tends to have bigger tickets in the types of equipment they are using.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
TOP PICK ECI-T EnerCare Inc Market Call (BNN TV) 2015-05-29 $14.500

A very safe name. An ideal name for retail investors. Has a 5.5% sustainable dividend yield. About a 60% payout ratio, and using maintenance CapX, it drops down to about 48%. Trading at about 8.5X EV to EBITDA, while other utility names trade at about 11 times. They have a growth profile that utilities don’t have, through the sub-metering business.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
WAIT EH-T easyhome Market Call (BNN TV) 2015-05-29 $19.230

He has been cautious about its exposure to Western Canada. The easy finance business has a lot of exposure to Western Canada, and Alberta in particular. He has exited his position. He would be cautious and wait until there were more tailwinds in Western Canada.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
PAST TOP PICK GCG.A-T Guardian Capital Group Market Call Tonight (BNN TV) 2015-04-22 $18.570

(A Top Pick April 16/14. Up 9.64%.) Long and Short Bank of Montréal (BMO-T). In 2001, they sold their mutual fund business to Bank of Montréal in exchange for 5 million shares. Have been sitting on these shares since 2001. He looks at the value of those plus some of their other listed investments, and in the last quarter it comes to about 89% of Guardian’s value. For the stub that is left, you are paying next to nothing for it. Thinks this is worth a lot more.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT GRC-X Grenville Strategic Royalty Market Call Tonight (BNN TV) 2015-04-22 $0.830

They take about a 2.5% royalty on average, from smaller companies. Instead of paying to be invested in a venture capital fund, you are being paid the dividend from this. This gives you exposure to 20 names at a time, but not paying the fees of a venture capital fund. A fairly lucrative business. Dividend yield of about 6%.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Unknown View
BUY GRC-X Grenville Strategic Royalty Market Call (BNN TV) 2015-05-29 $0.890

You can think of this as a listed capital ventures fund. They invest in relatively small companies. Instead of owning one small cap company, they can have a stake in 23. They provide financing to companies that can’t get bank financing, and they take a royalty on the sales. Their payback on these investments is 4 years, and the return on the investments is about 25%. The venture capital business in Canada has been a graveyard for the last 25 years. The guys running this are very experienced and are deploying the money effectively. Have about $33 million invested with about $22 million and capacity. Thinks it will grow substantially this year. Dividend yield of about 5.5%. A great investment and it is early innings of a long-term story.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT HCG-T Home Capital Group Market Call Tonight (BNN TV) 2015-04-22 $45.130

This is a prime target that US hedge funds use if they want to Short the Canadian housing market. The reason is that banks are not as focused on the housing market.  A great company and very well-managed. They had 2 quarters where there were misses, and the share price reacted quite negatively. Good company, but just expensive at times.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Unknown View
COMMENT IT-T Intertain Group Market Call Tonight (BNN TV) 2015-04-22 $15.030

This and a couple of other gaming stocks did very well last year. Part of the reason was that people were looking for anything that was non-resource for a large cap investment. This had a nice growth profile in terms of its acquisitions. At this price, there are worse places you could put your money.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
COMMENT IT-T Intertain Group Market Call (BNN TV) 2015-05-29 $19.390

He likes uncrowded trades, and this is a very popular trade, so he would be cautious about this. Would prefer Great Canadian Gaming (GC-T) as a safer play. Has been thinking about a possible Short on this.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
DON'T BUY JE-T Just Energy Group Market Call (BNN TV) 2015-05-29 $6.780

In terms of valuation, it is about 8.5X EV to EBITDA, a similar multiple that EnerCare (ECI-T) trades at, but it appears inflated to him. Comparing the underlying fundamentals to EnerCare, there should be no comparison. He doesn’t understand what this company’s business is. Their attrition rate is about 16% per year. This means to just stand still they have to find 16% in new customers. That is not a very sustainable model. He is Short this stock.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT LIF-T Labrador Iron Ore Royalty Market Call Tonight (BNN TV) 2015-04-22 $13.080

Because he is not a direct investor in resources, he asks that you take his comments with a grain of salt. Rio Tinto (RIO-N) is thinking about putting Labrador Iron Ore up for sale, as a consequence you might actually get a better lift on this royalty. He would be a little bit nervous about the dividends because the steel industry and steel suppliers are having a pretty rough time.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
COMMENT NYX-X NYX Gaming Group Ltd Market Call Tonight (BNN TV) 2015-04-22 $4.250

This had a right of 1st offer on assets that were coming out of Amaya (AYA-T). Thinks the $150 million acquisition was announced just recently. Ironically the share price traded off because investors are conscious of the fact that they have to finance this in some way. The street is probably thinking it will be 50% equity and 50% debt, which probably means an equity raise coming. Really likes this name on a fundamental basis. They have a broad spectrum of games and a broad spectrum of customers, and are not involved in the marketing per se, but in the technology. He likes this lower risk approach to the gaming sector.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
BUY NYX-X NYX Gaming Group Ltd Market Call (BNN TV) 2015-05-29 $4.690

A spinout from Amaya (AYA-T), which is focused on the back end of the online gaming systems. They provide the software and hardware rather than running the games themselves. He likes that as a risk profile. There will be a capital raise, but the question is how much of that is already baked in.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN Yes View
COMMENT PLI-T Prometic Life Sciences Inc. Market Call Tonight (BNN TV) 2015-04-22 $2.560

Has very little insights as to what their business does. Because of this, he is very happy to stay on the sidelines. He doesn’t see what real insights we can have.

Jerome Hass CANADIAN MID-CAPS & LONG/SHORT STRATEGIES UNKNOWN No View
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