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Sunday, November 21, 2021

Those stocks that I hold inside my investment portfolio that you SHOULDN'T invest in

In his latest newsletter sent on November 18, Derek Foster shared an update of his investment portfolio. I always like to receive Derek Foster's newsletter. I particularly like to check on the Canadian stocks that he holds inside his investment portfolio. I like it when I see in there some stocks that I don't know. This time around, Derek had introduced a few newcomers. In that list, Altius Minerals Corp (ALS) catch my attention. In Stockopedia, Altius Minerals Corp (ALS) is ranked as a Super Stock and its StockRank is exceeding 90.

All good stuff, but I am not really willing to invest in ALS for my own portfolio, because of its overall chart:

It's looking like Altius Minerals Corp (ALS) never recover from the 2008 stock market crash. I try to avoid this type of stock. While searching for new stocks, I always check on their overall chart. What I name as being an 'overall chart' is the stock's chart value since its introduction to the TSX. Also, I am not a fan of mining-related stocks. For me, Altius Minerals Corp (ALS) is not really appealing.

I am having the exact same problem with Equinox Gold (EQX), which is another Derek Foster's stock.

The value of EQX didn't reach, up to this date, its old top value of August 2020. Knowing that so far for 2021, the TSX is on a spectacular +30% gain, it's quite strange to me that Equinox Gold (EQX) is not able to do better than this. Other than ALS and EQX, both Sandstorm Gold Ltd (SSL) and GoldMining Inc. (GOLD) have a rocky chart and don't seem to be paying any dividends.

Compare to Altius Minerals Corp (ALS) and Equinox Gold (EQX), I prefer my latest investment, Stelco Holdings Inc. (STLC). Of all the Canadian stocks that currently hold Derek Foster, Altius Renewable Royalties Corp. (ARR) appears to be the most interesting one. ARR hasn't been on the TSX for a very long time. So far, Altius Renewable Royalties Corp. (ARR) doesn't seem to be paying any dividends. For now, I am looking forward to invest in Altius Renewable Royalties Corp. (ARR) for my investment portfolio.

It's always fun to have a look at what other people hold inside their investment portfolio. I have an enormous investment portfolio, it's BIG BIG BIG. I like most of the stocks that I am invested in. Many of the stocks that I hold had been in my portfolio for many many years. It's the case, among others, of my investment in K-Bro Linen Inc. (KBL), Methanex Corporation (MX), New Flyer Industries Inc. (NFI), and Saputo Inc. (SAP). When it came to KBL, MX, NFI, SAP, I am on nice gain, but it's only because those stocks had been in my portfolio for a really long time. I don't recommend those stocks for newcomers to invest in now.

Dumont Nickel Inc. (DNI) is an investment that I made a really long time ago. It didn't turn well. I do not recommend it as an investment for your portfolio.

Andrew Peller Limited (ADW.A), Cascades Inc. (CAS), and ATCO Ltd. (ACO.Y): I like those two stocks, they are family businesses, a bit like SAP. However, I wouldn't recommend ADW.A, CAS, and ACO.Y as an investment for your portfolio. Those two are not sitting on valuable gains in my portfolio. ACO.Y is quite a rocky one and is quite difficult to hold. Aecon Group Inc. (ARE) is kind in the same position. I wouldn't recommend Aecon Group Inc. (ARE) as an investment for any portfolio. It's of a difficult holding.

I don't recommend Tilray Inc (TLRY) as an investment. Pot stocks are difficult to hold and TLRY is no exception to the rule. 

Logistec Corporation Class B Subordinate Voting Shares (LGT.B), Ovintiv Inc. (OVV): old investment of mines, no capital gain, I do not recommend.

Boyd Group Services Inc. (BYD) is super expensive. I am currently not experiencing a capital gain on that stock. 

CAE Inc. (CAE), I am doing great on that stock, I am on good capital gain because CAE had been in my portfolio for a long time, but I wouldn't recommend CAE as an investment. Difficult sector.

Otherwise, I am pretty happy with my holdings. I like most of my stocks.


Anonymous said...

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Bob said...

I recently sold some loset stocks I had for a long time. One was Linamar which I paid $82 in 2015. I just sold it at $72. I will invest the proceeds in a better stock. Sometimes it is better to do this to make a fresh start.

Sunny said...

Exactly, I agree with you.
At a point, it's ok to sell stocks that we have enough of holding.

You'll be able to declare some capital loss for your tax, and later on, you'll be able to recover from those losses.


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