That's it. I simply can't praise Jason Donville's work anymore:
1- His bad moves (Valeant, Concordia Shitcare, Delphi Energy, Patient Home Monitoring, Directcash Payments, Pulse Seismic, Biosyent when the stock was at 12$ and many others) no longer compensate for his good moves (Constellation Software, Paladin, CGI Group, CRH, MTY Food Group and a few others);
2- A large large chunk of his portfolio was invested in Valeant and Concordia, two of the worst stories in Canada in the recent history. Both CEOs destroyed an incredible amount of value in less than a year which is quite a shitty achievement;
3- Working with adjusted metrics made absolutely no sense. Donville looked at Valeant and Concordia using adjusted ROE of 20 or 40. Same thing for many others like PHM and CRH. Adjusted metrics create an illusion of profitability and performance when no money is made. Even when earnings are negative;
4- Last year, Jason Donville recommended Valeant as a top pick and went to BNN defending Valeant against Citron Research. Then, a few days or weeks later, he sold almost all his shares. When I discovered it, it made me pretty upset;
5- Now that things don't go well for Donville Kent, Jason Donville remains hidden, chosing not to face the heat.
I still think that Jason Donville is a good guy. He's also a good analyst. But surely not an incredible analyst. While most analysts are average in a consistent way, Donville has been a guy of extremes: some terrible picks and some great picks.
I'll still follow him and his picks. But I'm not a devoted fan anymore...
So I went on the Internet, looking to recycle the name of this blog with another Donville. I don't want to start another blog, transfer all the archives and try to convince people to go on another blog. It'll be long and complicated and I don't have that much free time with my two kids, my job, the bus and all that fucking modern life shit.
I couldn't find anything else than Donville-les-Bains, (Donville-the-baths) a small city in Normandie. It means absolutely nothing, but I know I'll never be disappointed by it, regarding investment.
So, this name should remain.