SYNL - still own it. however, did sell 25% of my shares at 14.14 AH yesterday. considering adding those back.

The CC transcript was a bit bizarre, but Q4 likely better than Q3 b/c they had some 1 times this Q. It should probably trade around 5x or 6x EBITDA which puts FV around 17 or 18 I think

cost basis is 8.04

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162463885

HIL - Merm, you still own this? Considering getting back in, but haven't pulled the trigger yet.

HSON - nice, will read CC transcript when I can. Going to aim to buy more closer to $20 (just think it needs a few days to rest after this run, rather than any concern over fundamentals.

All 3 regions are now profitable (EBITDA basis). Share price has to appreciate a lot to match even half of peer multiples in the sector. I don't think it will trade on par with peer multiples because they've serially disappointed for many years. Plus, if a company can't make money in this sector in this environment, then it never will. And of course there's liquidity considerations too.

HSON - flipped shares bought at 19.50 for 23.91, will hold core position.

HSON - EPS 0.49 (vs. loss last yr), rev 45 million (+~77% YoY, +~13% QoQ).

Great call. It may be a mistake, but I bought even more in pre-market at 19.50 to add to what I bought at 16.20.

Thanks for bringing to the board!

ELMS/ELMSW - decided to speculate with the rest of you and bought ELMSW at 1.75. Rest of EV sector has rallied much more than ELMS

HSON - looks interesting. The majority of revenue is APAC. They are making a mistake by not clearly indicating in their press releases that this is primarily Australia. To the casual reader, one might assume it's coming from China.

Fortunately, the 10Q indicates that the vast majority of APAC is Australia. Looks like China is < $2 million of revs (likely even lower).

MCESF/MCR.V - super boring value play; construction company for O&G infrastructure. HQ is in Fort St. John, British Columbia, so good exposure to ongoing natural gas developments in the area.

Strong balance sheet, they've increased tangible book over the years, and seem to be executing reasonably well.

Some 2021 estimates from an analyst (Cormark):
Cashflow/share: $1.52 (50 million CAD)
FCF/share: .92 (30 million CAD)
Capex: ~20 million CAD

Won't be a world beater, but seems like there's some upside.
Disclosure: all my opinion, and I do have a small position.

MKTY - added back trading shares at 8.51

OT: Canadian brokerages

I use Questrade. It's good enough. Solid for big board stuff, but 10 to 20 CAD per trade on some small TSX venture stuff at share prices < 1 can get nasty.

Agree with the fee structure at IB being opaque.

MJDLF/GDLLF - MJDLF had good earnings yesterday and good reaction so far today. Maybe will help GDLLF get some attention.

Worth noting that North/South America was the driver of growth (up ~80%), with Africa/Asia up ~30%. Part of drag on GDLLF at the moment may be related to the notion that things are slower in Africa.

MKTY - would've taken a larger position, but it's hard for me to get on board with anything crypto-related. Granted, I've been wrong for years on it, so there's that.

MKTY - I was greedier than warranted, but got away with it. I bought a tiny position (~1% position) at 7.24 and just sold half at 11.50. Letting the other half ride. Thanks for bringing this one up. Owe you a beer.

PPSI/POLA - bought small positions at 4.09 and 6.98 just in case the whackos decide to pump the generator plays due to the coming hurricane next week.

https://yaleclimateconnections.org/2021/08/tropical-depression-nine-forms-could-hit-u-s-gulf-coast-as-major-hurricane-next-week/

all my opinion, and this one could certainly fall flat on its face.

HBP - got around to buying a small position in this. You're right that they are less exposed to lumber than I thought. It's ~10% of their sales.

Unfortunately, doesn't look like they break out operating income by their 3 divisions (millwork, building products, wood products). At most, it looks like the wood products division may have contributed ~3 million to operating income (though I suspect that's too high; I'm assuming ~12% margins here, comparable to some other lumber companies I follow).

steel - thanks bb, admittedly I'm not a fan of playing larger cap stocks like CLF. Right now, I only own FRD, SYNL, and a bit of ZEUS.

I liked larry's suggestion of LEGO and played LEGOW once already. Granted, figuring out the share structure/financials with SPACs is a mess.

FRD - thanks as well r59. I took 60% off the table AH in 14s. Had higher hopes, but can't complain because cost basis was ~7.50.

Looking to roll some cash into other steel plays too.

ELMS - anyone playing the warrants? ELMSW

No position here, just curious. The SPAC tankfest has created a lot warrant plays.

MJDLF/GDLLF - bought some MJDLF yesterday (7.50 CAD price, not sure what US issue is quoting). I just get a sense that the bigger player is going to move sooner if the sector comes back into favor, but could be wrong. Looking to add back my GDLLF soon. Thanks again for bringing to board.

FRD - valid point, it's been boring/negative reactions across the board to earnings lately, including other steel plays (e.g. ZEUS)

GVP - earnings today, could be big EPS from one-times due to PPP and this:

"Emmett Pepe, CFO of GSE Systems, added, "We have secured the Employee Retention Credit through the CARES Act which will provide a refund of approximately $2.4 million dollars of eligible employment expenses from Q1 2021 and are currently calculating the credit for Q2."

PPP is $10 million, but not certain it will be forgiven in Q2.

Will be curious to see if the business has any traction. I know several of you own it too.

FRD - looks like Q1 is due today? Reported August 14th the previous 3 years.

FRD - steel coil hitting $1900/ton for the first time ever this morning on some of the futures contracts:
https://www.cmegroup.com/markets/metals/ferrous/hrc-steel.quotes.html#

APT/QDEL/FLGT - would love it if Delta strain didn't exist, would make everyone's lives a lot easier. Still going to hedge with these types of plays. Happy that the rest of my portfolio is benefiting from the big Russell rally.

RVP - tossed some in the basket at 10.74. Others on the board have it already. Figure it's fairly low risk and might run with the rest of the COVID stuff.

APT - got antsy and sold half at 10. Get ready for it to go straight to 20 now...

FLGT/QDEL - yes, wasn't paying attention and would've picked up some of both when they were red this morning.

APT - that saying about a blind squirrel and a nut applies, can't decide if I want to take a risk and let my shares ride for a potential home run or not

FLGT - a bit larger market cap than I like to buy, but will take a look. Looks like this one and QDEL are similar. Any thoughts?

Thanks for suggestion!

APT - absolutely agree, it's about how people feel/perceive the situation

APT - bought a small amount at 7.34. Anyone else positioning a bit for the impact of Delta in the US?

Bummer. The US version of a lot of Canadian listed stocks are on there (I own PTEEF, VIGLF, CSQPF, through the Canadian tickers to name a few).

JCTCF - strong AH reaction - unloaded some at 12.40

JCTCF - Solid Q, 0.69 EPS, with ~0.15 to 0.19 in PPP (depending on tax calc).

Seems they mitigated their supply chain/raw material cost issues. Surprising since they gave a lot of caution in last earnings release.

https://www.prnewswire.com/news-releases/jewett-cameron-announces-3rd-quarter-financial-results-301335195.html

OT: maybe pick up a tipped side job at a local restaurant? sorry couldn't resist...

honestly, don't think there's an easy way to play this.

who knows, maybe people will actually spend their money on.....childcare? BFAM to the moon...

USAK/ULH - Thanks so much! eom

USAK/ULH - a few of questions (granted, I haven't done any DD):

-Are you concerned about labor issues and driver shortages in the sector? For years, these guys have been getting killed by this.

-Similarly, are their drivers contractors? If so, it's getting tougher for contractors b/c of their costs (oil up, maintenance presumably up, etc.)

-Do they own their own trucks? It's not clear to me whether it's better or worse (i.e. maintenance costs vs. having contractors bring their own truck)

My father is in an adjacent business and I'm fairly unconvinced that it produces much value over the long-term. Trucking stocks seems to be like the airlines: buy when everyone thinks they are going bankrupt.

Could be wrong, any thanks for any input in advance!

CTEK - usually follows BSQR, MRIN, etc, wondering if it gets another pump

ARTW - sold some at ~4.25, probably too early. Happy to see some exuberance hitting some of the board's favorites.

FRD - More fun figuring out earnings. PPP loan forgiveness next Q too.

From 10-K:

In April 2020, the Company received a $1,690,385 loan (the “PPP Loan”) from JPMorgan Chase Bank, N.A. (the “Bank”), under the Paycheck Protection Program, which was established under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), as modified by the Paycheck Protection Flexibility Act of 2020 (the “PPP Flexibility Act”). The term of the PPP Loan is two years from the funding date of the PPP Loan. The interest rate on the PPP Loan is 0.98%. Under the terms of the PPP Loan, interest accrues from the funding date of the PPP Loan but payment of both principal and interest is deferred for six months. Pursuant to the terms of the CARES Act, the PPP Loan is eligible for forgiveness by the Small Business Administration ("SBA"), if and to the extent that the Company satisfies certain requirements. The Company submitted an application for forgiveness of the PPP Loan on April 21, 2021 and received notification on June 22, 2021 that full forgiveness of the loan was authorized by the SBA.