Strathcona Resources (SCR.TO)

Has done okay and thinks it is going to keep doing well. Loves the management team. They put their own money into the stock and they are delivering. Added a lot of users and are continuing to add users. Believes an analyst report said that 100% of their increase in incremental revenue went right to the bottom line. That is a beautiful platform to create earnings from. Thinks it has a lot of legs. Now they are getting into fantasy sports. If the ever do legalize sports betting, this company is in the sweet spot.

Have continued to add an extremely large number of new subscribers and now has a base of 10 million. A lot of people are expecting them to have an opportunity to crystallize that in the next 12-24 months. They are sports-aholics, which is why they are attracting more people. One of the top 5 websites that people go to for sports info.

He really likes the organically driven trend in the user-ship of the app. Has gone from something like 5 million to almost 10 million this year. Once it gets to 10 million, and eventually to 15 and 20 million people, the advertising base is no longer regional or secondary, you are going to have companies like Budweiser, Nike advertising. At that point, he thinks they will probably get bought. Management thinks this company can be a billion-dollar opportunity.

Sold his holdings a while ago. Company has a great app. Just about everybody in Canada interested in sports has it on the phone and it sounds like more people in the US are getting it. He wants to see how they are going to monetize this.

The application for the phone is just so slick. People also check the app for movement in the odds. Their growth is accelerating. Up 151% year over year. They are just getting to the point where the size of audience is starting to kick in to attract very big advertisers.

Not making money. Trying to sell ads. Did a great job on score media.

(Market Call Minute.) Had a fairly big position in this, and has recently reduced his holdings. Management has been very good at creating value for shareholders.

Loves this stock. Was a Top Pick recently. Super impressed by what they are doing. Apps is where the money is right now. People are using them more and more, and advertisers understand this. This is #2 globally after ESPN, so they have very good market share. They don’t have profits, they have revenue. Cheap stock.

Sports app. Sold the TV station a year or so ago. This is the fastest growing sports app globally. Have 5.5 million users, and is growing at about 90%. Earnings and revenues are actually going to go faster than that, because as they reach a wider base, you start getting national advertisers involved. Thinks they can get in the neighbourhood of 20 million active users over the next 2-3 years, and $20 per active user is not an outlandish valuation at all. Good chance that this is a home run.

Sports. Have 5 million active subscribers. They think they are going to have great opportunities in the coming 12 months. Over a 2-year timeframe, there is still very good ongoing value creation.

They have an app that tracks sports and is number 1. They are seeing an uptick in users. Ad revenue is going up.

It is a TV station and an APP, which is the hot, number 2 in North America. Sports betting. They did a financing last year and insiders took $7-9 million of 15. Keep an eye on users and how much time they spend on the app.

(Market Call Minute.) Likes this. Their digital app for sports is probably the fastest-growing and one of the biggest in North America.

Rogers bought score media last year. Spun off the digital company (the app) then took a 12% stake. Illiquid. He hopes it works out.