More MannLast stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/jason-mann-s-top-picks~2012670
North American Construction Group (NOA NYSE)
North American Construction Group, established in 1953, is a construction and mining company, with services in oil (particularly oil sands), natural gas, and resource companies. A smallcap stock, definitely not a household name, and a pick with more risk due to their balance sheet with more debt than we’d like to see. It trades very cheaply otherwise and would definitely be a “deep value” pick. This was a US$16 stock at the start of the year and now trades at US$9. This is play on improving economics in the energy and materials sectors, and we’ve started to see for the first time since probably 2016. Scores well on valuation for us, at 4 times EV/EBITDA, 5.5 times price to earnings, and an ROE of 30.4 per cent. The balance sheet is a bit debt heavy, and hopefully increasing cash flow will be used to work that lower; price momentum has been challenged, but appears to be turning up. Like the energy service companies, the producers tend to move higher first, with service companies following. Trades right around hard book value of US$9.00/share. Small dividend at 1.7 per cent, but very low payout ratio means room to improve it as they balance out their debt with paying a dividend.