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Posts from the ‘Vecima Networks (VCM)’ Category

Some Cheap Canadian Stocks (PART I)

I’ve been finding bargains harder to come by.  Six months ago I was finding it almost too easy to come up stocks that were worthy of consideration. The problem then was more one of pruning. Now it seems like the stocks I find all have a bit of hair.

Rather than venturing further afar to find ideas, I’ve been looking closer to home. I have mostly ignored the Canadian market over the last year and a half. I found a couple of special situations, like Yellow Media and Extendicare, but for the most part the opportunities in the US were more compelling. But that has changed. Over the last couple of months I have been finding and adding more Canadian stocks to my portfolio.  I’ve already had some good luck with the endeavour, as both Novus Energy and Ainsworth Lumber received takeover offers in the last few weeks.  In the next two posts I am going to talk about some of the names I’ve been adding in my portfolio.  In this one I’m going to talk again about Axia, and introduce Vecima Networks.

Axia NetMedia (AXX.to)

Axia is a stock I’ve written about on a couple of occasions (here) and lately I’ve been adding to my position in whenever it has dipped to $1.90.  A major overhang has been lifted.  When I wrote my last post on Axia, I highlighted the renewal of the Alberta Supernet contract in June of 2015 as my one major area of concern. Axia removed that concern last week when they announced an extension of the contract to 2018. Read more

Week 111 Portfolio Update: When Things Aren’t Working…

Portfolio Performance

week-111-yoyperformance

See the end of the post for the current make up of my portfolio and the last four weeks of trades.

week-111-Performance

Shake-up

In a previous post about Walker & Dunlop I described the consequence of being on vacation while the company announced poor results, which was that I was not able to take advantage of a clear selling situation.  The same was the case for Dex Media.

In the past I used the term “good enough investing” to describe what I’m trying to do with my portfolio.  I work a full time job, have a life and need a break now and then, and all that means I just can’t be on top of everything.  I try my best but I have found it necessary to employ techniques to mitigate this.  In particular, I sell stocks when things aren’t working out.

While I’ve had my share of winners over the past month and a half (AIQ, NVS, NCT, NRF, IQNT to name a few), I’ve also had my share of losers (NKO, EXE, VTNC, and the above mentioned duo) with the result being that my portfolio has done not much of anything. While I remain hopeful that both Niko Resources and Extendicare eventually pan out, the fact is that thus far they haven’t. Read more