Contra GuysIt is time for our annual report card, evaluating our picks for 2023. Without further ado, we present Ben and Benj’s selections, followed by Phil’s.
Phil MacKellar’s first article in January was on Bed, Bath and Beyond, in which he stated the retailer “could be headed for bankruptcy.” It was. Kaput. Shorts made out like bandits. On a shinier note, after Agnico Eagle and Pan American ) took over Yamana, he decided to hold the two suitors. Agnico is up about 10 per cent since then, with PAAS down about 10 per cent. Call it a wash. Both are being held for the possibility of further upside.
Major Drilling is down about 5 per cent since the May article but has since recorded its best annual results in more than a decade. Currently, the hope is it will pop to the initial sell range of $15.50 to $18 and be sold.