RE:RE:More James Telfser from Yesterday
AlwaysLong683 wrote: You can add Jason Donville (pages 6 and 7) and David Barr to the list of STC bulls. However, keep in mind that these two tend to either hit a home run or strike out with their picks (Donville was a huge bull on Valeant Pharmaceuticals and Concordia Healthcare back in the day, while more recently, David Barr was (still is?) a big fan of the likes of MAV Beauty Products and We Commerce).
Yes you're right, Jason Donville either hits a home run or the company goes to zero. I can remember a number of his recommendations that didn't do well over the years. Does anyone remember Glentel? He was pumping the company for so long on Bnn. The store owned by Glentel, also under the brand Wirelesswave, mostly carried Blackberry phones and we know what happened after that. Apple destroyed Blackberry but the retail store was left with undesirable inventory, Another popular name he talked about was Total Energy Services . I'm talking before 2014. We know what happened to Total Energy Services after that. It was no longer a high return on equity business because commodities tend to track the spot price of the commodity itself. The return on equity was wiped out after the oil crash.
Much to his credit though, he did recommend Constellation Software and Enghouse in the early days. Overall, I would say he is one of Canadas best investors.