Stonk Research

Chapter 2 Research

2.1 2024

Thinking about nxr, it takes so long to get anything built in canada, the existing industrial space is somewhat valuable.

Downsides near 100% affo

Upsides Selling some office + retail space for 200 million Can pay down debt

Also walgreens - earns multi billions of dollars - poorly rated, 8.2 % at current levels, ceo has made big changes, slashing dividend early, good that he notified that earnings are less (similar to companies like nike), think it will be higher in 2 or 3 years, if you close all the bad stores.

Thinking about a company called hastlings technology metals, the commoidities prices have tanked, but I think once the plant is online prices will have things better and there is always the chacne of trump tariffs renewing interest. Given the current price and remaining assets, I think they can finish construction. Some of their estimates were widely overstated.

Wolfspeed, decent looking company, might be undervalued, things are not going that well, but think we will have a major recession so buy at a lower price, this company is likely to lose money for a while, but its going to take a while to see it go up.

IFOS cash flow positive for now, below book value like $50 million in cad, company likely to do well, russia war taking forever, production in fertilizer should slow down.

p.e. ratio is like 2 maybe, if pricing stays consistent, possible growing season spikes price, but not a huge deal, below book value, again, its commodities.

Another good bet is CU (about book value at 7Billion cad, renewables trending up wait until federal reserve notes in june 3k in this one.